BTM158: A House Hacking Guide To Become Debt Free with Shawn Rea

06/04/20 • 53 min

This episode will highlight how today's guest - real estate investor, Shawn Rea, went from 25K in debt to a 6M portfolio in just a few short years. He did all of this by first using the house hacking investment strategy and the the brrrr strategy (buy, rehab, rent, refinance, repeat).

If you've needed a strategy to extinguish your debt once and for all while getting your feet wet in real estate in one of the most powerful ways possible then this episode is for you.

Links Mentioned in Today’s Episode:

Shawn's Website

BTM63: Triple Case Study A to Z

Recommended Book:

The Millionaire Fastlane by Mj DeMarco

Listen to this books for free with Audible!

Lifestyle Design App:

realtor.ca

BTM Tribe Facebook Group

If you've needed a strategy to extinguish your debt once and for all while getting your feet wet in real estate in one of the most powerful ways possible then this episode is for you.

Links Mentioned in Today’s Episode:

Shawn's Website

BTM63: Triple Case Study A to Z

Recommended Book:

The Millionaire Fastlane by Mj DeMarco

Listen to this books for free with Audible!

Lifestyle Design App:

realtor.ca

BTM Tribe Facebook Group

Previous Episode

BTM157: 0 to Financial Freedom in 18 Month Through Land Flips with Jack Bosch

Starting with nothing but two suitcases and a mountain of student debt, Jack immigrated to the US from Germany in 1997. Seeking out his own version of the American Dream, Jack bought and sold over 4000 pieces of property and was able to help build his company into the 3rd largest land investment company in the US.

On today's episode, we discuss Jacks rocket-like trajectory after spending years in corporate america with the same salary year after year. In his first 18 months as a land flipper, Jack amassed his first million dollars and then grew his company to the multi-millions in just a few short years.

Today his family travels 2-4 months a year, designing their business to fit their lifestyle.

Key Points From This Episode:

How to break the earn-spend cycle
Why Jacks immigrant mentality helped pave his success
How Jack made his 1st million in 18 months
Jack's philosophy on Tenants, Toilets and Termites
The biggest reason why most land investors fail
The opportunity for land investing in the next 20 years

Links Mentioned in Today’s Episode:

Jack’s W ebinar

Recommended Book:

Secrets of A Millionaire Mind T. Harv Eker

Listen to this book for free with Audible!

Lifestyle Design App:

TripIt App

Vivino App

We Go Look

Next Episode

BTM159: Vertical Integration? How To Grow Your Real Estate Business Profitably with Colin Douthit

Currently managing over 300 units after only being in real estate for three years, it’s clear that Colin Douthit, today's guest, knows how to invest and how to do it well.

He realized early on that he needed to be far more profitable to create the life he wanted so he took a hard look at his business and portfolio to understand what was working and what wasn't in hopes that he could do more of the former.

The end result came in the form of a brand new business. Since Colin had managed his own units efficiently in the prior months, he had the expertise and manpower to vertically integrate his business - coming out on the other end with two businesses.

Colin has a construction company that followed the same model and is constantly looking for ways to become more profitable by systematically building a network of businesses that compliment each other. In today's episode, we discuss exactly how this can translate to your endeavors.

Links Mentioned in Today’s Episode:

Colin's Website

Recommended Book:

Atlas Shrugged by Ayn Rand

Listen to this books for free with Audible!

Lifestyle Design App:

Everlance: Mileage Tracking