Interested in real estate investing... but wary of taking on debt?
That's the situation Sarah Brandenberger found herself in, and today shares her journey from a staunchly anti-debt "penny pincher" to a creative financier raising private money!
Sarah also gives us the goods on portfolio loans – including a ninja tip that allowed her to tap the equity in multiple properties and use those funds to take advantage of a smokin' deal. You'll learn what documents to bring when asking for a loan – whether you're meeting with a bank or a private individual. And Felipe throws in a Home Depot shopping hack for good measure.
Give Sarah a follow on Instagram (@nerdsguidetoFI) and let her know what you thought of this episode... and share this episode with a friend or family member who would find it inspiring.
In This Episode We Cover:
- How Sarah changed her mindset about "good debt"
- 15-year vs. 30-year mortgages
- The data and documents she shares with potential lenders
- House hacking by turning her basement into a rental
- Unlocking "the power of a cash offer" with private money
- Tapping the equity on multiple properties at once
- The loan that's invisible to other banks
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Using checklists to estimate rehab costs (even when you're brand new)
- Using Avail to manager her rentals
- And SO much more!
Links from the Show
Check the full show notes here: http://biggerpockets.com/rookie23
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