153: From $600k in Debt to 108 Single Family Rentals with Linda McKissack
On today’s episode of the BiggerPockets Podcast, we are excited to bring you an interview with a prolific investor (and author of one of the world’s biggest real estate books, HOLD: How to Find, Buy, and Rent Houses for Wealth), Linda McKissack! Linda currently owns 108 single family homes — but she didn’t start out that way. Learn how Linda discovered the power that real estate can have on a lifestyle and the mindset needed to make your dreams a reality. This show will blow you away with Linda’s honesty, integrity, and story of excellence. Don’t miss a second of it!
In This Episode We Cover:
- Who Linda is and how she started investing with huge debt
- The size of her portfolio
- Why she dropped out of college to become an entrepreneur
- How she bought property without money or good credit
- A look at financing back in the ’80s
- How to recession-proof your life
- A discussion on speculation vs. investing
- How every market is different
- What her freedom number is
- How to get deals by helping others build wealth
- Partnerships and whether newbies should seek them out
- Why freedom means having options
- The importance of taking the next step and avoiding analysis paralysis
- Linda’s formula for finding good deals
- How to figure out the best criteria for you
- What keeps her continuing to invest despite reaching her goals
- Tips for forming a team
- And SO much more!
Links from the Show
Books Mentioned in this Show
- HOLD: How to Find, Buy, and Rent Houses for Wealth by Steve Chader
- Brandon Turner’s The Book on Investing with No or Low Money Down
- Rich Dad Poor Dad by Robert Kiyosaki
- Rich Dad’s CASHFLOW Quadrant by Robert Kiyosaki
- The ONE Thing by Gary Keller and Jay Papasan
- Building Wealth One House at a Time by John Schaub
- The Millionaire Real Estate Investor by Gary Keller
- The Book on Rental Property Investing by Brandon Turner
Tweetable Topics:
- “If you do the right activities, the money shows up.” (Tweet This!)
- “The more money you make, the more options you have and the more good things you can do.” (Tweet This!)
Connect with Linda
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