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Episode 230 - Coach Carson likes the strategy of paying off debt on rental properties. Learn why it's smart and how to choose which debts to pay off (i.e. debt snowball or debt avalanche).
BOOK - Retire Early With Real Estate: www.coachcarson.com/retiremen...
VIDEO - How to Pay Off Your Rental Property Mortgage Early - • How to Pay Off Your Re...
Show notes (with transcript and links):
www.coachcarson.com/rentaldeb...
TIMESTAMPS:
0:00 - Intro
1:17 - Why You Should Pay Off Your Debt
2:32 - The increase of Cash Flow
3:04 - Debt Snowball vs. Debt Avalanche
3:55 - Motivation
5:29 - Risky Loans
06:17 - Pay off the Riskiest Loans First
6:50 - Cash flow by Principle Ratio
08:11 - Nuances
9:10 - Being Strategic
12:47 - Additional Resources
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My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! coachcarson.com/creativefinancing-YT
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:
- American IRA - invest your retirement accounts into alternative investments like real estate, private loans, partnerships, crypto, and more - www.coachcarson.com/americanI...
- Deal Machine - software to help you buy more real estate deals - www.coachcarson.com/dealmachi...
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