Podcast appearances and mentions of rich carey

We hope you enjoy this weeks episode! Huge thanks to Rich Carey, Tanner & Nathan's dad, for joining us this episode. Let's Connect! Facebook Page @nomadicaddicts TikTok @nomadicaddicts Youtube @nomadicaddictspod Instagram @nomadicaddictspod

Unlock the Secrets of The Art of Negotiation Discover the transformative power of negotiation in Episode 21 of the Inspired Money Podcast, "Master the Art of Negotiation for Financial Triumph." Host Andy Wang invites you into a world where negotiation is not just a skill but a gateway to achieving your financial dreams. Join our journey with industry mavens Brian Will, Rich Carey, and Everold Reid as they share their insights.   Empowering Your Financial Journey Through Negotiation Key Insights From Our Negotiation Gurus: Brian Will: Dive into Brian's entrepreneurial saga of founding multiple successful ventures. Uncover how negotiation served as the cornerstone of his business achievements. Rich Carey: From military life to real estate magnate, Rich reveals the strategic nuances of real estate negotiation, emphasizing the critical role of market savvy and preparation. Everold Reid: With a storied career in auto sales, Everold unravels the art of sales negotiation, highlighting the essence of problem-solving and relationship building. Navigating Negotiation's Diverse Landscape Explore the intricate dynamics of negotiation, from leveraging power shifts to understanding cultural intricacies. Gain comprehensive insights into how negotiation influences both financial success and meaningful relationship development. Innovation in Negotiation: Embracing Technological Evolution Discover how cutting-edge technology, including data analytics and AI, revolutionizes negotiation strategies, offering unprecedented advantages in today's digital era. The Bedrock of Success: Cultivating Trust and Empathy At negotiation's core lies the unanimous belief in the importance of forging deep, trusting relationships. Learn how transcending transactional exchanges can create a foundation for future prosperity. A Challenge to Transform: Sharpen Your Negotiation Skills Inspired Money challenges you to refine your negotiation prowess in everyday scenarios, from securing discounts to negotiating service rates, showcasing the potential for continuous skill enhancement. Mastering Negotiation: A Pathway to Financial and Relational Riches This episode stands as a comprehensive manual for anyone eager to fortify their negotiation capabilities. Immerse yourself in expert advice and strategies that celebrate negotiation's role in fostering financial success and lasting connections. Featuring Insightful Panelists: Brian Will: https://brianwillmedia.com Rich Carey: https://youtube.com/richonmoney Everold Reid: https://thereidmethod.com

Overview In Episode 13, we unlock the secrets of building wealth through real estate investment. Our expert panelists, Rich Carey, Eric Yu, Crystal Hammond, and Dustin Heiner, bring diverse experiences and perspectives to the table, guiding us through the fundamentals, strategies, and personal stories of success in real estate. Segments Segment 1: Unlocking Wealth: A Beginner's Guide to Real Estate Investment Fundamentals We start with the basics, exploring why real estate is a cornerstone of a diversified portfolio and the key factors that drive successful investments. Segment 2: Mastering Real Estate: Financial Acumen, Risk Assessment, and Due Diligence in Property Selection This segment delves into the art of property selection, emphasizing financial readiness, risk assessment, and the importance of due diligence. Segment 3: Maximizing Wealth with Rental Properties: The Ultimate Guide to Tenant Management Discover the potential of rental properties as a wealth-building tool and learn the best practices for effective tenant management. Segment 4: Unlocking the Potential of REITs: Your Guide to Real Estate Investment Trusts Demystify the concept of REITs and understand how they can play a pivotal role in your investment portfolio. Segment 5: Real Estate Investor Stories: Lessons Learned and the Human Element Hear real-life stories from successful real estate investors, learning from their experiences, challenges, and strategies for building wealth through real estate. Guest Profiles: Rich Carey: A retired military officer, Rich Carey has built a substantial real estate portfolio, owning over 20 properties debt-free. His strategic investments and management skills offer valuable insights into achieving financial independence through real estate. Eric Yu: A real estate agent and investor from Seattle, Eric specializes in house-hacking and Airbnb. His transition from a tech background to real estate investment showcases his adaptability and expertise in the field. Crystal Hammond: An engineer and multifaceted professional, Crystal Hammond is known for her dynamic approach to side hustling, including real estate investing. Her journey from Chicago to co-hosting the podcast Stacking Deeds is a testament to her versatility and entrepreneurial spirit. Dustin Heiner: Founder of Master Passive Income, Dustin Heiner is a seasoned real estate investor from Phoenix, AZ. His journey from a government job to full-time investing and achieving financial independence through rental properties is both inspiring and educational. Join us in Episode 13 as we explore the exciting world of real estate investment. Whether you're looking to start your journey or expand your portfolio, this episode is packed with valuable insights and strategies to help you build and manage your wealth through real estate. Guest Links: Rich Carey: www.youtube.com/richonmoney Eric Yu: www.instagram.com/helloericyu Crystal Hammond: www.stackingdeeds.net Dustin Heiner: www.masterpassiveincome.com

How Can Investors Build Wealth From Afar?   This episode of The Passive Wealth Strategy Show features Air Force veteran and real estate investor Rich Carey, who shares how he built a sizable rental portfolio while serving overseas.   Rich started with a single rental property in Washington, DC which he turned into his first investment. He then bought several properties in Montgomery, Alabama, before relocating abroad. From Germany and other overseas postings, Rich continued purchasing rentals in Montgomery by relying on a local team he had built.   Rich and his family currently live in Seoul, South Korea, while he serves in the US Air Force. He and his wife own 20 single-family rental properties in Montgomery, Alabama which are completely paid off. They have no debt, and are a single income (aside from their rental portfolio) household.   (00:00:00 - 00:06:00) Opening Segment Rich bought his first investment property, a townhouse in Washington DC, in 2003 when he was first stationed there. He turned it into a profitable rental when he was relocated two years later. This gave him the confidence to continue investing in real estate.   (00:06:00 - 00:09:00) Buying Rentals From Overseas While stationed abroad, Rich bought several rental properties in Montgomery by leveraging a local team. The team included a real estate agent, property manager, inspector, and contractors. His property manager took on rehab projects while keeping costs low.   (00:09:00 - 00:15:00) Managing Logistics and Risks Rich's biggest mistake was not getting insurance immediately on a new purchase. A small fire broke out before he switched on the policy, costing him $8k out of pocket. Overall the overseas investing process worked well, with his trusted team vetting each deal.   (00:15:00 - 00:22:00) Deciding to Self Manage After retiring, Rich took over managing his rentals instead of using a property manager. He found he could better control expenses and choose higher-quality tenants this way. Rich leverages technology like electronic leases to remain hands-off.   (00:22:00 - 00:34:00) Closing Segment   Best deal: His first Fourplex Worst deal: A townhouse in Alexandria, Virginia Best lesson learned: Don't be afraid to miss out.   "You don't need to be scared of [using leverage]. Responsibly leveraging debt can build wealth faster." - Rich Carey   "It took 13 years of preparation to be an overnight success." - Rich Carey   "Nobody cares more than you do. They're your properties." - Rich Carey   Connect with Rich: TikTok: @richonmoney   Apply to Invest with Taylor at www.investwithtaylor.com   Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com   Please leave a review and help others escape Wall Street and build wealth on Main Street!

If you want to learn how to set yourself up to purchase your first rental property, check out my book The Military Money Manual: A Practical Guide to Financial Freedom. Available now on Amazon, Kindle, Audible, and my website. On today's episode Spencer and Jamie welcome Rich Carey from Rich On Money Website YouTube TikTok Topics we address today: VA home loans for primary residences that you can turn into rental properties when you PCS The 1% rule for buying rental properties and then 50% rule. Your profit is not mortgage minus rent! You must include expenses as well. How to set yourself up financially to be in a position to get into real estate How Rich purchased dozens of homes remotely and 30 doors by the time he retired from the military The systems Rich built to automate his property management What Dave Ramsey and Rich Carey disagree on The downfalls of the VA loan in a seller's market (like February 2022) Why short term rentals like Airbnb aren't Rich's cup of tea If you can use a VA construction loan for a new home build Why Rich doesn't recommend LLC structures for most military landlords Why Rich doesn't recommend any books on real estate investment This was a great episode! Jamie and I (Spencer) both learned a lot and we hope you will too.

Now here is a real estate investor who knows that slow and steady wins the race. You may think that real estate is a lucrative way to make money quickly, but in this podcast, you'll learn that it's often about the long game.  If you want to build a real estate portfolio the steady way, you are in for a treat! Rich Carey had a career in the military for 20 years and spent many years abroad, but even so, he wanted a backup plan early on in case something happened to that career.  He learned some valuable lessons purchasing his own residential properties and through those and over time now has an impressive portfolio to show for it. He did this while taking a more conservative approach, not overleveraging, and often paying cash for properties.    Rich on Money Rich on Money YouTube

Have you ever thought, “I'd like to invest in rental real estate but there are no cheap properties in my area!” “Homes in my city are too expensive. I'd have to invest out-of-state, but that sounds terrifying.” Or have you ever thought, “I'm curious about real estate but I'm not a fan of the idea of taking on all that debt.” Today's interview is right up your alley. We talk to Rich Carey, who bought 20 single-family rental properties in Alabama, totally debt-free, while stationed in Germany and South Korea. He invested not just out-of-state, but entirely from outside the country. He bought his properties free-and-clear. And he did it on a military salary while raising two kids. This interview originally aired in June 2018. Enjoy! For more information, visit the show notes at https://affordanything.com/episode339 

How did your real estate hold up during the COVID pandemic? Did your property increase or decrease in value? Did you have trouble as a landlord? Rich Carey and Jennifer Beadles discuss how they managed their real estate holdings over the last year, and predict the long term effects of the pandemic on this tried and true asset class. 

Episode: 131 Rich Carey and Doug Nordman Join your hosts, David Pere and Alex Felice, with guests Doug Nordman and Rich Cary as they talk about investing and asset allocations during the pandemic. While in the military, Rich paid off $230k for a mortgage. Now, he's acquired a fourplex and six-plex during the pandemic as an addition to his properties. Later, Doug shares a story on getting a 529 account for a granddaughter and explains what it teaches about picking an asset allocation that one can live with personally. For Doug, everything flows, first and foremost, out of figuring out what one can tolerate in an asset allocation. In this episode, listen as they also throw in their two cents on scaling and managing properties and what they hold as personal opinions on what 'sure money' truly is, especially for service members. About Doug Nordman and Rich Cary: Retired at age 41 after 20 years with the U.S. Navy's submarine force, today Doug Nordman is an enthusiastic surfer, an omnivorous reader, a martial arts student, and a veteran of many chaotic home-improvement projects. With his retired Navy Reserve spouse, they raised their daughter in Hawaii. Rich believes that conservative investing is superior to aggressive tactics. He's been successful with conservative index fund real estate investing. Rich currently owns 30 units, with 20 single-family homes paid off. He has served 20 years as a Special Agent in the Air Force (similar to NCIS). After retiring from the United States Air Force, he is now living in Montgomery, Alabama, where all of his properties are located. - Sponsor: The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply! Outline of the episode:   [02:49] Acquiring a fourplex and a six-plex during the pandemic. [03:43] Cutting expenses by self-managing properties. [04:55] The experience of having problematic tenants during a pandemic. [06:41] On scaling with debts and self-managing your properties. [12:03] What do multifamily gurus warn about that needs to be noted? [20:12] "Pick an asset allocation that makes sense for you." [25:25] The thing with GameStop and the Casino Conundrum. [29:14] A personal opinion regarding index, TSPs, and IRAs. [31:56] Counting TSPs as reserves. [41:53] A financial advice to every service member.   Website:              https://the-military-guide.com/ https://richonmoney.com/ Linkedin:              https://www.linkedin.com/in/dougnordman/ Facebook:           https://www.facebook.com/doug.nordman.5                                 https://www.facebook.com/imrichonmoney/ Twitter: https://twitter.com/TheMilitaryGuid?                                 https://twitter.com/richonmoney?lang=en                                 White Coat Investor - 150 Portfolios Better than Yours: https://www.whitecoatinvestor.com/150-portfolios-better-than-yours/   Follow From Military to Millionaire's journey on: Website:              https://www.frommilitarytomillionaire.com/ Facebook:           https://www.facebook.com/groups/1735593999901619/ Instagram:          https://www.instagram.com/frommilitarytomillionaire/ YouTube:             https://www.youtube.com/c/Frommilitarytomillionaire/ - Sponsor: The War Room Real Estate Mastermind Group: Email wrmastermind@gmail.com to apply! - Real Estate Investing Course: https://www.frommilitarytomillionaire.com/teachable-rei Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ Become an investor: https://www.frommilitarytomillionaire.com/investor/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos! THIS SITE IS INDEPENDENTLY OWNED AND OPERATED. ALL OPINIONS EXPRESSED HEREIN ARE MY OWN. THE VIEWS EXPRESSED ON THIS SITE ARE THOSE OF THE AUTHOR OR THE AUTHOR'S INVITED GUEST POSTERS, AND MAY NOT REFLECT THE VIEWS OF THE US GOVERNMENT, THE DEPARTMENT OF DEFENSE, OR THE UNITED STATES MARINE CORPS.

The number one thing you can do every day to find deals is NETWORKING! Rich Carey is on the show today to tell us how he got his first small multi-family property by attending his local meetup. Rich has achieved his goal of financial independence. Recently retired from the military, Rich has been slowly building his real estate portfolio while serving over seas. Now home and looking to invest, Rich shares how talking to people helped grow his business.Connect with Rich on his blog:www.RichOnMoney.comConnect with me at:www.DissectingTheDeal.comIf you or someone you know wants to talk about their real estate deal, email me at:info@DissectingTheDeal.com

Our guest today has a LOT to say about that. This episode of the His & Her Money Show, real estate superstar Rich Carey is stepping back in by popular demand for another information-packed episode! The first time Rich came on the show with us three years ago in one of our most popular shows to date, he walked us through the beginning of his real estate investment journey, and today we're catching up on where he's at now and how his business has continued to grow ever since. RESOURCES MENTIONED Rich's First "His & Her Money" Episode

Episode #111 - Rich Carey owns 20+ rental properties without any mortgage debt. These rentals give Rich and his family $10,000 of regular, monthly cash flow plus peace of mind.   This interview shares Rich's story, how he got started, how he saved the money, and how he bought and managed properties in Alabama while living around the world while in the military.   Show notes: https://www.coachcarson.com/rental-properties-no-debt/    Connect with Rich: https://richonmoney.com/   --------------------- If you want to support the show, here are some easy ways: 1) Leave an Apple Podcast review: https://coachcarson.com/itunes 2) Get My Free Real Estate Investing Toolkit & Newsletter: https://www.coachcarson.com/reitoolkit/ 3) Share the podcast with your friends, coworkers, and family members   Connect w/ Coach on Social: -- https://www.facebook.com/coachchadcarson/ -- https://twitter.com/CoachChadCarson -- https://www.instagram.com/coachcarson1/ -- https://www.linkedin.com/in/coachcarson/ -- https://www.youtube.com/user/CoachChadCarson/

Listen to another great episode where we get to showcase military real estate investor, Rich Carey. He shares with us his lessons learned while investing in the service and how he achieved financial freedom.“Don’t buy a house unless it’s going to make you money as a rental when you move away.”Rich CareyHere’s a breakdown of what to expect in this episode: HOW TO WORK WITH YOUR SIGNIFICANT OTHERSTRATEGIES FOR INVESTING LONG DISTANCEHOW TO NETWORK WITH SUCCESSFUL INVESTORSHOW TO BUILD A TEAMTHE BENEFITS OF BUYING CASHSpecial References and Episode LinksFAVORITE BOOKEmail: RichCarey@gmail.comConnect with RichWebsite LinkedIn Facebook Love ADPI? Need a loan for your next project? Look no further! Check out ADPI Financial Services for all of your lending and financial needs! No Time...No Worries! Get the info you need now by texting DEAL to 33777 Connect with the ADPI: Facebook | Instagram | YouTubeSchedule a FREE Freedom Coaching Call with MikeTo learn how to use your VA Loan to create wealth and invest in real estate while in the military take our VA Loan Mastery CourseTo find out how you can build $10,000 a month in Passive Income while investing in the military check out This VideoReady to TAKE ACTION and begin building your cash flowing real estate empire? Don’t go it alone! Check out our exclusive education and coaching products designed for self-starters like the Military Real Estate Investing Academy and Operation A.T.O.M. [Action Takers Only Mastermind]! PLEASE Subscribe & Review The Active Duty Passive Income PodcastThanks for tuning in to this week’s episode of the Active Duty Passive Income Podcast! If the information shared in these weekly interviews have helped you or your family pursue your dreams of financial independence, please do us a favor and head over to iTunes, subscribe to the show, and leave us an honest review.Support the show (https://www.patreon.com/adpi)

Episode: 71 Rich is currently in the United States Air Force living in Montgomery, Alabama one year from retirement. He served 19 years as a Special Agent in the Air Force (similar to NCIS). He has worked with embassies all over the world, and had the chance to work closely with NATO, the UN, and even negotiate peace treaties. Rich is now an instructor at a military school finishing up the last year of my career. He has been interested in real estate and investment ever since I was a child. He worked at Fidelity Investments as a stockbroker in college and has devoured most finance and real estate books out there. He plans to direct his effort to full-time real estate investing as well as finance and real estate education for the military community once he's retired. To round it out, Rich travels a lot and when he went to Japan, he flipped about 8 houses with a partner. 2013, he moved to Montgomery, Alabama for air command staff college. He bought 6 houses and left to spend 5 years overseas and bought 14 more. All 20 houses are paid off. In this episode, Rich talks about what helped him buy all 20 houses in just a few years, how he was able to pay cash for all of them and some financial advice for people joining the military. - Recommended resource(s): Fooled by Randomness - You can reach out to them here: www.richonmoney.com rich@richonmoney.com Sponsors: Real Estate Investing Course: https://military-millionaire-academy.teachable.com/p/from-zero-to-one-real-estate-investing-101 Audible: https://www.frommilitarytomillionaire.com/audible/ Recommended books and tools: https://www.frommilitarytomillionaire.com/kit/ - SUBSCRIBE: https://bit.ly/2Q3EvfE - Website: https://www.frommilitarytomillionaire.com/start-here/ Instagram: https://www.instagram.com/frommilitarytomillionaire/ Facebook: https://www.facebook.com/groups/militarymillionaire/ - My name is David Pere, I am an active duty Marine, and have realized that service members and the working class use the phrase "I don't get paid enough" entirely too often. The reality is that most often our financial situation is self-inflicted. After having success with real estate investing, I started From Military to Millionaire to teach personal finance and real estate investing to service members and the working class. As a result, I have helped many of my readers increase their savings gap, and increase their chances of achieving financial freedom! - Click here to SUBSCRIBE: https://bit.ly/2Q3EvfE to the channel for more awesome videos!

Real estate investor Rich Carey shares how be bought 20 rental properties in cash while serving in the military abroad. He shares how real estate made him a millionaire and how you can buy your first buy-and-hold rental unit in cash too.

Rich Carey is the creator of the RichOnMoney blog and known for investing in rental properties debt free. Rich is a very thoughtful person, and breaks down investing principles in a very straightforward and strategic way that we can all learn a lot from.

091 | Rich Carey, officer in the U.S. Air Force, talks about learning to live frugally, buying his first townhouse, and building his real estate empire from one to 20 houses in Montgomery, AL. ——————-   Thank you for being a part of the ChooseFI community! 

#136: Rich Carey is a military millionaire. He's spent his career in the U.S. Air Force; he's currently stationed in Seoul, South Korea. He was stationed in Germany before this. He'll retire after this. Most of his fellow servicemembers, upon taking a military retirement, start a second career. But Rich doesn't need to. He's financially independent, thanks to his 20 rental properties. He bought most of these properties while stationed overseas. He's renovated them from afar. And he's bought everything with cash. To say his story is impressive is an understatement. Every week, I get emails and messages from readers who say things like: *"I'd like to buy a rental property, but everything in my city is expensive!"* *"I'd like to buy a rental property, but I'm not handy. I can't do any of the work myself."* *"I'd like to buy a rental property, but I only make a middle-class income."* *"I'd like to buy a rental property, but we're a one-income household."* *"I'd like to buy a rental property, but we have two kids, and they're expensive."* Rich's story illustrates how someone with a middle-class income can invest in rental properties from out-of-state. He earns a military salary. He lives in Korea. He's the sole breadwinner in his family. He supports a wife and two children. He's definitely not taking 2 a.m. toilet-fixing phone calls. In fact, he hasn't even seen several of his properties. As you'll hear in the interview, my friend Emma and I visited Montgomery, Alabama about a year ago. Rich's properties are located there. During our visit, I sent Rich an email, saying "Hey, I'm in Montgomery!," and he replied with, "Cool, I just bought another house there! You're welcome to drive by and see it from the outside." This means I've seen houses that he hasn't. *His* houses. ____ How did Rich start investing in rental properties? How did he grow a portfolio of 20 rentals? How could he build this free-and-clear, without taking out any loans? And how does he manage this from Germany and Korea? Find out in this interview. ______________________________ For more information, visit the show notes at http://affordanything.com/episode136

Bethany and Ellie start the show off defining the term “Military Brat” and how many houses Bethany lived in growing up as a child of a military member. They talk about the three bedroom house they called “the dorms”, and when Ellie and her husband bought their first house in New Mexico. Bethany remembers what it was like to live in that house, and then what a dream house would look like for her. Rich Carey joins the conversation discussing the Real Estate business he has developed as a side hustle while also being in the military. Ellie tells Rich about her son looking to buy a home at his next assignment. Rich gives the secret to wether you should buy or sell in the area you live using the 1% Rule, and why it is difficult to do in high cost of living areas. He gives one of the common mistakes military members make when buying houses and exposes the myth of buying a home in each location and still coming out on top of rent. He also talks about the reasons buying overseas can be very difficult, and the most opportune time to buy houses as a military member or civilians. He also gives a specific message to Ellie's son, Jonathan.

Our last episode of May is an interview with Rich Carey of www.RichonMoney.com.  Rich is our third military interview in as many weeks, and is currently in the US Air Force, 2 years from retirement. On his website, www.RichonMoney.com, under the Real Estate Tab, you'll find his "Complete Guide to Real Estate Investing." Rich flipped houses in Washington D.C. to help build his income, he purchased rental properties for cash, he paid off $32,000 in student loans, and his $280,000 mortgage in six years !! For more information, visit his website, or contact him at Rich.Carey@gmail.com, or contact me at Shawn@YesnerLaw.com or www.YesnerLaw.com.  

Rich is in the military, currently stationed in South Korea. He has always been a big Dave Ramsey fan so his approach to real estate investing is a little less typical. Rich likes to buy his properties all cash, he has no debt to his name. This is a strategy that has worked well for him and gives him peace of mind. If you enjoyed today’s episode remember to subscribe in iTunes and leave us a review!   Best Ever Tweet: “Once you start getting into multifamily, there’s some serious money and cash flow to be made” - Rich Carey   Rich Carey Real Estate Background: Purchased 20 rental properties with cash and flipped several houses Paid off $280k mortgage in 6 years Based in South Korea (on military orders) Say hi to him at  or   Best Ever Book: Fooled by Randomness   Join us and our online investor community:   Made Possible Because of Our Best Ever Sponsor: List and manage your property all from one platform with . Once listed you can: accept applications, screen tenants, accept payments and receive maintenance tickets all in one place - and all free for landlords. Go to to get started today!

Are you looking for a way to get rid of debt? You must be open to possibilities, have the willingness to give up some things and learn new ones, continually updating your knowledge, and possessing the guts to conquer your fears. No one knows what will happen in the future. You have to take the first step towards your ultimate goal, try your best with strategies, and stay focused on your way to financial freedom. On today’s episode of The His & Her Money Show, we have a very successful real estate investor and blogger, Rich Carey, to share his debt freedom journey and give you some hope and inspiration! Rich grew up fascinated by real estate and still thinks it is the coolest thing to do. Later, he ended up being drowned by student loan debt of $32,000. His wife, who was his girlfriend at the time, encouraged him to be responsible for his obligations and helped him craft a plan to pay off the debt. They did side hustles and started his journey of real estate investing. Afterward, they acquired a home mortgage worth $280,000. The family decided to live a very frugal life; eating out and having fancy vacations was not on their to-do list during this time. They chose to live on the smallest income possible and put everything else into savings and investments. With the combination of this unique approach and the power of real estate, plus his income from the Air Force, he found his way out from under. The mortgage was paid off quickly in just 6-7 years instead of the standard 30 years. Rich pursued his real estate investment career despite working overseas. He purchased another rental property in cash to avoid the hassle and flipped it, earning a significant profit. The success of this idea led him to own 20 properties in one location. He proved that a real estate investment is not a nightmare but a vehicle for financial freedom and a more promising future. WHAT YOU WILL LEARN IN THIS EPISODE • How Rich shifted his mindset and became motivated to get out of debt • How he ended up being a real estate investor • Why he settled his 20 properties in one place • How he bought 6 properties in just 10 months • How he continually upgraded his knowledge • The difference between buying things in cash or creating debt • The benefits of having investments in one city • Advice on choosing property managers • How he decides if it’s a good buy or not RESOURCES Rich's Blog - Rich On Money The Total Money Makeover - by Dave Ramsey Thank You for Listening! Today’s show was sponsored by Teach Me How To Budget. If you are ready to gain freedom in your finances once and for all then enroll in our brand new personal finance course Teach Me How To Budget. Thanks for tuning into the His & Her Money Show. If you have any comments or questions about today’s episode, please let us know your thoughts in the comment section below. If you’ve enjoyed this episode, please share it using the social media buttons you see at the bottom of the post. Also, please leave an honest review for the His & Her Money Show on iTunes! Ratings and reviews are extremely helpful and greatly appreciated! They do matter in the rankings of the show and we do read each and every one of them.

Many people feel that because their local market isn’t great for rental property cash flow, they can’t invest. Don’t tell that to today’s guest, who for the past decade has been doing just that—even while working full-time in the U.S. Military! Today’s guest is Rich Carey, who shares with us his strategy of buying rentals in one location, despite living in many different places across the world. Rich also discusses his strategy of NOT using leverage, instead choosing to buy properties with cash instead, which has allowed him to maximize his cash flow and has given him true financial independence. Rich’s story is inspiring and highly educational, so set aside time today to listen to the whole interview. We think you will really like this one!In This Episode We Cover:How he bought his first property while assigned in GuamTips for flipping new constructionWhy you should consider switching investing style after a flopWhy you shouldn’t buy a house, unless…Advice on long-distance house flippingWhat you should know about partnerships and trustHis experience investing in properties in military basesA discussion on leveraging propertiesThe importance of having a frugal lifestyleHiccups on his first property and valuable lessons from itHow he manages his properties out-of-stateAnd SO much more!Links from the ShowBiggerPockets ForumsBiggerPockets Money ShowIntroduce yourself to the forumLeading LandlordBiggerPockets Podcast 230: Real Estate Investing as a Side Hustle with Grammy-Winning Producer Seth MosleyBiggerPockets Landlord FormsBiggerPockets Podcast 223: How to Become “Set for Life” Through House Hacking, Frugality, and Maximizing Your Income with Scott TrenchBiggerPockets Podcast 035: Quitting Your Job, Lifestyle Design, and Being a Traveling Landlord with Paula PantBooks Mentioned in this ShowThe Total Money Makeover by David RamseySet for Life by Scott TrenchLong Distance Real Estate Investing by David GreeneRich Dad Poor Dad by Robert KiyosakiFooled by Randomness by Nassim Nicholas TalebFire Round QuestionsWhat extras do you add to your leaseRecourse against property manager for fraudulent repair billing?Tenant wants to buy my houseTweetable Topics:“You can pay off a mortgage pretty fast when you put your effort into that.” (Tweet This!)“I don’t believe that you have to wait for things to crash then invest everything.” (Tweet This!)Connect with RichRich’s Personal BlogEmail Rich

#7: Rich Carey somehow managed to build up a rental portfolio of 20 properties, without any debt... and he has amassed most of this rental property portfolio (all of which is in the southern United States) without being physically present in the U.S.(Show Notes: REtipster.com/7)This is something most people would say simply isn't possible, but one could easily make a case that if Rich can do it, you probably can too. The question is - are you willing to do what it takes to make this happen?In this episode, we talk about what it took for Rich to amass this kind of rental portfolio while working overseas, and how he's able to run this kind of business without being physically present to see any of his properties or tenants.

Mark talks to Rich Carey from Bachcare Mark and Rich discuss holiday homes as another option for Property Investing. Whether its a high capital growth property or a property purely for cash-flow this is an option an investor can seriously look at. They discuss the following: How to get cashflow through holiday homes A bit about Bachcare and its history. Demographics of Owners  Tourism is increasing and its effect on holiday homes Responsibilities of the property managers  Properties all over NZ – not only the tourist spots Vacancy averages – monthly occupancy  Risks