Financial Freedom with Real Estate (16 Units!) After Toxic Divorce

Episode #498
Real estate investing is a popular path to financial freedom, but if you’re not careful, bad debt can get in the way. Before today’s guest could buy rental properties, she had to deal with the mountain of debt that stood between her and wealth. But thanks to aggressive saving and new money habits, she became debt-free in just TWO years!
Sarah King has been thrown several curveballs on her journey to financial independence. Just when she had managed to pay off $118,000 of debt and buy five properties, her marriage ended in a nasty divorce. Forced to liquidate her and her husband’s assets, Sarah was back at square one. Rather than giving up on her dream of reaching FIRE, she overcame her shaky financial situation and found creative ways to buy real estate. Within a few months, she was back on her feet, and today, she owns sixteen units across ten properties!
In this episode, Sarah offers some crucial advice for aspiring investors-including why you should get your financial house in order before buying properties, how to leverage your retirement accounts to buy more properties, and how to use private money (responsibly). You’ll even learn about house hacking-the real estate investing strategy Sarah uses to cover her mortgage payment each month!
Show Notes at:
link.chtbl.com/Money
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Books Mentioned in This Episode:
“Set for Life”: store.biggerpockets.com/produ...
“Love Your Life, Not Theirs”: www.amazon.com/Love-Your-Life...
“The Simple Path to Wealth”: www.amazon.com/Simple-Path-We...
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From Toxic-Marriage to Financially Independent Mom with 13 Units:
www.biggerpockets.com/blog/re...
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How to Achieve Financial Freedom Through Real Estate in 4 Steps: www.biggerpockets.com/blog/re...
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Connect with Sarah:
Instagram: @sarahkinginvests or / sarahkinginvests
TikTok: @nerdsguidetofi or / nerdsguidetofi
Facebook: / nerdsguidetofi
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Connect with Mindy on BiggerPockets:
www.biggerpockets.com/users/m...
00:00 Intro
01:02 $118K in Bad Debt!?
08:07 A HUGE Money Makeover
12:30 Discovering Real Estate
13:54 Sarah’s First Rental Property
19:34 Selling Assets & House Hacking
28:01 Finding Real Estate Deals
28:29 Private Money 101
33:16 Sarah’s Nerdy Investing Tips
35:11 Connect with Sarah!

[@lilibethvilella]

This was so inspiring post divorce at 51 and having to re organize my finances 🙋🏻‍♀️

[@MegaRose1958]

Mindy I love your energy.😊😊

[@TropicalTodd]

Eh if buying soda, flavor water, and coffee makes you broke you have other issues. Paying for $40k cars,boats or $9000 vacations etc… is more important for me to avoid then a $2 coffee from 7 eleven

[@SlickRiq]

Yeah idk why anyone eats anything besides white rice….

[@mlu18]

Interesting!