How To Use Real Estate Strategically To Pay Off Debt
When you first kick off your debt-free journey, you might not be sure where to start. Whether it be student loans, consumer debt, medical bills, or whatever has put you in the red, it’s easy to feel like you’re up a creek without a paddle — but once you start to get creative, there are so many ways to pay off debt! Budgeting, side hustles, investing…the possibilities are endless! And at the end of the day, the goal is the same: paying off all that debt and achieving financial freedom!
On this episode of the His & Her Money Show, we’re looking at a fresh take on debt freedom from Walter Marshall. At one point, Walter found himself in $115,000 worth of student loan debt, but he and his wife turned it all around through an unexpected way: real estate!
Walter and his wife started off their marriage under the pressure of student loan debt, and they did something that might not have been the obvious choice: they bought their first house. Unbeknownst to them, this was the beginning of a real estate journey they could never have imagined.
After renovating the home and realizing the potential, they decided to keep the momentum going and purchase project after project, building equity and putting the profit towards the next property AND their debt pay-off. And obviously, their strategy worked!
Learning the real estate hustle firsthand, Walter has so much advice and wisdom to share on the subject. And he’s dropping it right here, so get ready to take some notes, because you never know if real estate could be YOUR ticket out of debt too!
What You Will Learn
How Walter and his wife used real estate to pay off their $115,000 debt.
The basics of equity.
Working as a couple to stay on board through your debt payoff journey.
The ins and outs of house flipping from a beginner’s perspective.
Choosing your properties to flip and sell and making a game plan to the best return on investment.
