On this episode of The Most Dwanderful Real Estate Podcast Ever, Dwan talks about how to pay off your rentals. Contrary to what a lot of other real estate investors do and tell others to do, you should pay off your rentals before paying off your own assets. When you close your first deal, go ahead and quit your full-time job and use the profits from that deal to pay yourself a weekly salary to be a full-time real estate investor. Then when you close your next deal, you can give yourself a raise and/or save up until you can pay cash for another rental property. Once you have 3 rentals paid for and you’re on the way to the Power of 13, then you can start paying off your own assets.
Dwan and Bill just welcomed a new grandbaby and kept little Benjamin’s older sisters for 9 days at their house, so they are still recovering. This August also marks 30 years since Dwan’s life was turned upside-down and she began her life as a single mother trying to find her way. Dwan also shares on this episode about her recent health issues and the continuing journey to find out what is going on. She would appreciate your prayers, and of course she will keep her loyal listeners posted as she starts to get some answers.
If you haven’t heard, Dwan has dropped the fee to join the Dwanderful.com Membership Site, so now you have access to the document library, pop-up training calls, and the chat box for FREE!