Financial Freedom with 8 Rentals Just 10 Years After Bankruptcy

Financial Freedom with 8 Rentals Just 10 Years After Bankruptcy

Episode #449

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From bankruptcy to financial freedom in just ten years?! Today’s guest is living proof that past money mistakes don’t disqualify you from building wealth with real estate. Whether you’re neck-deep in debt or struggling to save, you’re only ever a few steps away from taking control of your financial future!

Welcome back to the Real Estate Rookie podcast! By 2014, Diem Martin had filed for bankruptcy. Ten years later, she has achieved financial freedom with eight doors across four properties and has a $1.2 million net worth. How did she do it? She used the same investing strategy that so many newbies use to break into real estate—house hacking. Each new property allowed her to save for her next down payment, and in just eight years, she had built an entire real estate portfolio. If she can do it, you can too!

Stay tuned if you want to learn how to get pre-approved for a loan after a major financial incident, as well as how to invest in an expensive market without a ton of money. You’ll also learn why you should always make sure a property will cash flow as a long-term rental before buying it. We even dive into financial independence retire early (FIRE), determining your FI number, and how to reach your goal as soon as possible through real estate!

00:00 Intro
00:59 Bankruptcy to Buying a House
06:24 Choosing Bankruptcy & FHA Loans
12:46 First Deal & Current Portfolio
18:04 Changing Strategies & Managing Rentals
24:34 Chasing Financial Freedom
32:06 Never Stop Learning!
34:27 Connect with Diem!


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