23: From Dave Ramsey Disciple to No-Money-Down Real Estate Investor with Sarah Brandenberger

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 5 August 2020

⏱️ 66 minutes

🔗️ Recording | iTunes | RSS

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Summary

Interested in real estate investing... but wary of taking on debt? That's the situation Sarah Brandenberger found herself in, and today shares her journey from a staunchly anti-debt "penny pincher" to a creative financier raising private money! Sarah also gives us the goods on portfolio loans – including a ninja tip that allowed her to tap the equity in multiple properties and use those funds to take advantage of a smokin' deal. You'll learn what documents to bring when asking for a loan – whether you're meeting with a bank or a private individual. And Felipe throws in a Home Depot shopping hack for good measure. Give Sarah a follow on Instagram (@nerdsguidetoFI) and let her know what you thought of this episode... and share this episode with a friend or family member who would find it inspiring. In This Episode We Cover: How Sarah changed her mindset about "good debt" 15-year vs. 30-year mortgages The data and documents she shares with potential lenders House hacking by turning her basement into a rental Unlocking "the power of a cash offer" with private money Tapping the equity on multiple properties at once The loan that's invisible to other banks Using checklists to estimate rehab costs (even when you're brand new) Using Avail to manager her rentals And SO much more! Links from the Show Real Estate Rookie Facebook Group Felipe's Instagram Ashley's Instagram BiggerPockets Podcast Cozy Zillow Buildium Dave Ramsey Mr. Money Mustache Madfientist Paula Pant Stealthy Rich BiggerPockets Forums Rookie Podcast 01: From 4 Years of Analysis Paralysis to 4 Cash-Flowing Properties with Lauren and Kyle Clugston The Home Depot Avail Rentals to Wealth Investor Girl Brit Real Estate Old School Check the full show notes here: http://biggerpockets.com/rookie23 Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is the real estate rookie show number 23.
0:05.0	Personally, I did Ramsey in my life and I will never go back like you just don't want to mess with that so
0:15.9	personally debt free I don't have like an anchor like tracing me around My name is Ashley Kerr and I am here with my co-host Felipe Mejia.
0:31.4	We're gonna jump right in it because we're so excited.
0:33.8	We had a mutual friend on today's show, Sarah,
0:37.3	from At Nurd's Guide to Fai on Instagram.
0:40.9	And that's how Felipe and I actually met her was on
0:44.7	Instagram. I haven't gotten to meet her in real life but Felipe did and they talk a
0:50.0	little bit about that in the show but she is a Dave Ramsey fan and that's how she
0:55.6	got started on her debt-free journey and then she started buying rental
0:59.3	properties. Yeah that's right she started with the whole Dave Ramsey, No Debt, Buy Everything Cash,
1:04.1	but quickly realized that there's not going to be a way to build wealth that way with real estate.
1:08.9	It's going to take too long, basically. And she goes into detail on the show of how she transitioned from no debt to
1:14.8	conservative debt or well the debt that's going to make you the most money and I
1:20.4	love that she went into detail she She talks about her personal life.
1:23.2	She tells us what fires she's having to put out right now, but still investing in real estate.
1:27.5	And then gives us great knowledge on what IG pages she follows to, you know, get the best knowledge she can as she
1:34.7	scrolls down that social media. My favorite part of it was actually the
1:38.2	different ways she has done financing. She started out thinking
1:41.8	conventional financing that's the way I'm going to do it.
1:44.4	That's the only way to do it. And then when you hear her latest creative financing story
1:49.2	you are going to be amazed and then in between she found different ways to use creative financing in her real estate
	...

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