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I invited Sarah, from NERDS Guide To Wellness, to come on the podcast and share everything she’s learned about being a rental property owner. She dug into why rentals are fun, why they make a good investment, how much you should spend on a property.
Plus, she shared her family’s story, why they chose rentals, and how they broke most of Dave Ramsey’s rules.
IN THIS EPISODE, SAMI + Sarah CHAT ABOUT:
Why rentals are a good investment
How much you should spend on a property
Tips + advice for newbie landlords
Why Sarah believes rentals are a fun way to invest
How Sarah and her husband determine that a property is “worth the hassle”
How to decide if you need a property manager, a handyman, or other people on staff
Cash-Flowing vs. Leveraging Debt
Lessons she’ll be taking into future purchases with her
RESOURCES MENTIONED:
The Simple Path to Wealth by JL Collins
Retire Inspired by Chris Hogan
Chad Carson’s Back of The Envelope Math
[Bigger Pockets YouTube] Calculating Numbers on a Rental Property
Paula Pant’s Why The 1% Rule Matters When Deciding Where To Invest Your Money
JL Collin’s Stock Series
[Sarah’s Affiliate Link] Avail’s Property Management Tool with Online Leases
[Sami’s Affiliate Link] Fetch Rewards use code DKPKV to redeem 2K points (aka $2)!
MEET OUR GUEST
Sarah Brandenberger joined the debt free community in 2017 before it was even the #debtfreecommunity! In addition to her day job, she waitressed her way out of debt. Sarah and her husband paid off over $118,000 in consumer debt.
With both spouses being natural spenders, super saving and penny pinching their way to financial independence was not appealing. Her husband always dreamed of owning rental properties, and after some research, Sarah was hooked.
Today they have 4 houses, one piece of land, and no costumer debt.
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READY TO GAIN FINANCIAL FREEDOM
+ BREAK FREE FROM SURVIVAL MODE?
I'VE GOT EVERYTHING YOU NEED!
HEY I'M SAMI WOMACK
I'm the wife to my high school sweetheart, Daniel, + homeschooling momma to our 3 girls. I'm the Budgeting Coach + Motivational Speaker behind
A Sunny Side Up Life.
My family used to be in $490k of debt + living paycheck-to-paycheck, but after we hit rock bottom everything changed for us!
Now that my family has become debt free + gained financial freedom, I want to help your family do the same! My passion is inspiring women to live abundant lives through budgeting, intentional living, and positive thinking.
I offer a jump start into budgeting with my free 8-day Declutter Your Budget Challenge + full budgeting experience with my course, Your Sunny Money Method.
GET TO KNOW ME BETTER
Come follow my day-to-day life over on my Instagram Story
Disclosure: There are some affiliate links above, but these are all products I highly recommend. I won’t put anything on this page that I haven’t verified and/or personally used. Read our disclaimer here.