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 Learn more about your ad choices. Visit megaphone.fm/adchoices