#293: Four Reasons to Pay off Debt on your Rental Properties
Episode #293 - Financial gurus may proclaim that paying off debt on your rental properties is a cardinal sin, but you'll discover a different perspective. Join Coach and Erion Shehaj as they challenge the conventional wisdom and reveal how paying off debt can actually help you take control of your portfolio's true potential. Think: Are you serving your portfolio, or is it serving you? 📑COMPANION ARTICLE/SHOW NOTES: Some of Chad's Favorite Articles & Videos From the Investing Architect An Immigrant’s Impressions on Opportunity and Real Estate Investing in America The Freedom Formula: How to turn $244,000 into $1.4M in 14 years Connect with Erion: Web: https://investingarchitect.com/ Instagram: https://www.instagram.com/investingarchitect/ 🎬 AUDIO TIMESTAMPS: 0:00 - Intro 3:53 - Investor Journey breakdown 16:15 - Fit debt into your long-term 23:08 - How to use debt safely 30:59 - Pay off debt? 45:35 - Use these tools to pay off debt 53:36 - 4 real reasons to pay off debt 1:03:45 - Why be happy in 2023? 1:10:45 - Thought experiment ______________________ 🧰MY FAVORITE REAL ESTATE & MONEY TOOLS: - Deal Machine - software to help you buy more real estate deals https://www.coachcarson.com/dealmachine __________ 💰CREATIVE FINANCING COURSE🏘️Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! https://coachcarson.com/creativefinancing __________ 🎧SUBSCRIBE to the podcast for more episodes about how to achieve financial independence and do what matters using real estate investing! https://coachcarson.com/podcast ---------------- ▶️WATCH my YouTube channel - Coach Carson TV - for tutorials, tips, strategies, and interviews https://www.youtube.com/user/CoachChadCarson?sub_confirmation=1 ---------------- 📋 GET MY FREE REAL ESTATE INVESTOR TOOLKIT https://coachcarson.com/reitoolkit ---------------- FOLLOW ME ON INSTAGRAM 📸 https://www.instagram.com/coachcarson1/ ---------------- READ MY BOOK ON RETIRING EARLY 📚 https://www.coachcarson.com/retirementbook ---------------- 👋👋 SAY HI ON SOCIAL https://www.facebook.com/coachchadcarson/ https://twitter.com/CoachChadCarson