How I Escaped Crushing Debt with ONE Real Estate Deal - Jaren Sustar, Henry Washington

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

The Rich Dad Company

Entrepreneurship, Business, Investing

4.1 • 3.9K Ratings

🗓️ 9 January 2025

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode of the Rich Dad Real Estate Show, I sit down with the incredible Henry Washington – a real estate investor with over 130 properties and a wealth of knowledge to share. Henry opens up about how he went from bad credit and debt to building a real estate empire. His journey started with a desperate Google search and led to his first deal in just 90 days.

Henry shares how networking, perseverance, and getting creative with financing helped him overcome major financial roadblocks. He breaks down how he bought his first property without much money, leveraging other people’s money and his wife’s 401(k). We dive into the mindset shifts, the importance of surrounding yourself with the right people, and why buying undervalued real estate is the secret sauce to building long-term wealth.

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Disclaimer: The information provided in this episode is for educational and informational purposes only. It should not be considered as financial advice or a recommendation to buy or sell any financial instrument or engage in any financial activity.

The content presented here is based on the speaker's personal opinions and research, which may not always be accurate or up-to-date. Financial markets and investments carry inherent risks, and individuals should conduct their own research and seek professional advice before making any financial decisions.

Transcript

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0:00.0	Welcome to the Rich Dad Real Estate Show where we talk about the good news and bad news. The real estate hosted by yours truly Jaron Sustar. Go down in the show notes. I got a free training come up where I'm going to teach you how to buy real estate using other people's money with the best strategy in the entire world. It's coming up. So make sure you go on the show notes and sign up today. Today I have a special guest. One of my favorite investors in all the world. I love hanging out with him when I see him in conferences.
0:02.4	Henry Washed. sign up today. Today I have a special guest, one of my favorite investors in all the world,
0:22.2	love hanging out with him when I see him in conferences. Henry Washington, Henry's got
0:25.8	130 plus rental properties. He's done wholesale and he's done fixing flips. He's a co-host on the
0:31.9	Bigger Pockets on the Market and Real Estate Show. He's the author of Real Estate Dealmaker and
0:36.7	coaches people all across the world
0:39.6	country to be able to do real estate deals. And he's personally helped me along my journey as well.
0:45.1	So Henry, thanks for being on the show today. I'm excited to hang out. Hey, man. Thanks for having me.
0:49.1	This is cool, man. You're stepping it up now, huh?
0:52.9	Hey, they must have been hurting bad they were
0:55.0	you lost your talent you lost the hat and and got the collared shirt on I'm telling you got me
1:01.5	buttoned up over here at rich dad it's a it's a great brand I love it stuck in isn't it
1:06.0	your shirt stuck in isn't it hey if the truth were on I got shorts on underneath
1:09.8	I got to I got to stay on camera. But I, I love your entire real estate. All of it. Because you've, you've really done it all. You know, when I hear your story, when I talk with you. But if we were to rewind it back, how did you get into it?
1:32.6	I woke up one day and I was married.
1:36.9	And that's literally how it felt because we got married so fast.
1:41.6	We met each other and knew each other for 365 days and then we got married.
1:45.5	So I woke up one day and I was married and, but my finances weren't grown up yet.
1:49.0	So I had debt and bad credit and it was just,
1:55.8	I was, let's just say I was financially holding my spouse back.
2:00.7	And I was supposed to be the financial head of
2:03.3	household. So I knew I needed to make a change. So I desperately looked for a way to, at that
	...

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