Rich Carey: How I Bought 20 Rental Properties in Cash

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  • Опубликовано: 20 сен 2024

Комментарии • 45

  • @victorl6224
    @victorl6224 4 года назад +25

    Excellent interview. What world do we live in that this interview full of useful info has less than 1000 views and a Kardashian complaining about her expensive purse gets 20 million views.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  4 года назад +4

      What a kind compliment Victor! Thank you so much. I'm newer-ish to the RUclips game but I'm committed to bringing quality advice to help people reach their own versions of financial freedom.

    • @kristanpeacock1213
      @kristanpeacock1213 Год назад

      You think this is useful information , the guy got money coming in from somewhere

  • @randycoblentz9585
    @randycoblentz9585 Год назад +6

    Great job! Love his story! Being frugal then paying cash is our strategy as well!

  • @kontomylitis
    @kontomylitis 3 года назад +6

    Military intelligence guy. He went to Monterey for intelligence school, probably a 35 series MOS. They're some of the smartest guys in the military. And yet such a humble guy

  • @spoonman4024
    @spoonman4024 Год назад +2

    I know this video is old, but I have to say how much I appreciate Rich. His view on finances and ownership aligns directly with my own, and we are on the same path he has been. Can confirm- its worth all the effort and patience. There is no easy route, but the payoff is in a class of its own. Thanks for sharing your incredible story!

  • @MarriageKidsandMoney
    @MarriageKidsandMoney  3 года назад +4

    What do you think about buying rental properties in cash?

    • @osmanxxrngxx1369
      @osmanxxrngxx1369 3 года назад

      Hi l Was wondering can You pay house Thats worth 100k in cash/papper

  • @nguye1971
    @nguye1971 Год назад +3

    Great story. Definitely recommend this interview to my son who jut got his officer career started. Thanks for sharing

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  Год назад

      Glad to hear you enjoyed it!

    • @spoonman4024
      @spoonman4024 Год назад +1

      I've been in my field for 10+ years along with my wife, and we now use that income to fund cash purchasing. Hard work and patience will always be a reliable approach to wealth. Best of luck to your son!

  • @et5895
    @et5895 3 года назад +5

    This is a great interview. But the star of the show is your voice. It's very TV!!! Love that!

  • @robertspencer5219
    @robertspencer5219 4 года назад +8

    This was an awesome show! Thanks for sharing it.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  4 года назад +3

      Robert Spencer Thanks so much! Rich has a wealth of knowledge. I was glad to be able to learn from him.

    • @RichonMoney
      @RichonMoney 4 года назад

      Thanks for the comment!

  • @jamesjefferson9228
    @jamesjefferson9228 4 года назад +7

    Inspiring video. I'm considering moving from a high priced area to a lower priced one and using the recouped equity from moving residences to start investing in rentals debt-free.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  4 года назад

      This is a great plan James. I wish the best of luck!
      It’ll be a big change but could make a huge difference in your future.

  • @crazy3rdgen
    @crazy3rdgen 9 месяцев назад +2

    Lol 29:35 I was waiting for him to drop Dave Ramsay's name.

  • @DmitryMalinkin
    @DmitryMalinkin 3 года назад +3

    This is my hero!

  • @Sweet_T4u
    @Sweet_T4u 4 года назад +3

    Dude, great voice and great intro 👍
    Love the catch phrase lol

  • @meetthewalkersfreedom1549
    @meetthewalkersfreedom1549 Год назад +2

    This was very interesting 👀👀💰

  • @VikkiO
    @VikkiO 7 месяцев назад +1

    Great video I'm on Property number 4 🎉🎉🎉🎉

  • @RealwithAida
    @RealwithAida Год назад +2

    Great education

  • @robertspencer5219
    @robertspencer5219 4 года назад +12

    Not to be too pedantic, but there is always property tax in the US. There are some countries that don't have that. So you can never really own a property free and clear.

    • @MarriageKidsandMoney
      @MarriageKidsandMoney  4 года назад +5

      Robert Spencer Completely makes sense. We’ll always owe taxes! 🤪

    • @RichonMoney
      @RichonMoney 4 года назад +7

      That is so true. Sometimes I don't see how people make positive cash flow with a loan. Easier said than done.

    • @Sweet_T4u
      @Sweet_T4u 4 года назад +2

      There are ways to get a tax exemption on some properties.
      My dad has a bit over a dozen acres an hour outside of his city and he has a neighbor with a few cows (like 6 cows) that he pays my dad to keep on the property. The cows provide a property tax exemption and he gets paid to have them on the property.
      Side note, he bought the property cash 20 years ago. It was a run down dump with a double wide that had brown shag carpet and no front porch. There were random piles of construction debris on the property and a giant pit.
      Today, it’s worth several times over what it was and it’s a great looking property, with two houses and a pond. It took years, but you Can’t even recognize the double wide, it looks like someone just replaced the old house lol.
      He calls it the Fix It Ranch.

    • @alexxsanchez2720
      @alexxsanchez2720 3 года назад +1

      True plus insurance , and maintenance.

    • @ryanross9429
      @ryanross9429 Год назад

      Well then don’t own property. Everyone knows there’s property tax. Lol

  • @CoffeeAndBusiness
    @CoffeeAndBusiness 3 года назад +4

    I was in the military and rented a townhouse in Alexandria in 2011 😳

  • @tinachxx110
    @tinachxx110 7 месяцев назад

    Who’s your property manager?

  • @chicago9458
    @chicago9458 Год назад

    how's retirement after a few years?