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

• Be a Guest on the Podcast
• Finding Your “Freedom Number” with Clayton Morris

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

• Linda’s BiggerPockets Profile
• Linda’s Website

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