Episode 293 - Financial gurus may proclaim that paying off debt on your rental properties is a cardinal sin, but you'll discover a different perspective. Join Coach and Erion Shehaj as they challenge the conventional wisdom and reveal how paying off debt can actually help you take control of your portfolio's true potential. Think: Are you serving your portfolio, or is it serving you?

📑 COMPANION ARTICLE/SHOW NOTES:
https://www.coachcarson.com/whypayoffdebt/

Some of Chad's Favorite Articles & Videos From the Investing Architect

An Immigrant’s Impressions on Opportunity and Real Estate Investing in America:
https://www.biggerpockets.com/blog/2014-04-04-immigrants-opportunity-real-estate-investing

The Freedom Formula: How to turn $244,000 into $1.4M in 14 years:
https://investingarchitect.com/freedom-formula-how-to-turn-244000-into-1-4m-in-14-yearstfreedom-formula-how-to-turn-244000-into-1-4m-in-14-years/

Connect with Erion:

Web: https://investingarchitect.com/
Instagram: https://www.instagram.com/investingarchitect/

🎬 TIMESTAMPS:
0:00 - Intro
3:53 - Investor Journey breakdown
16:08 - Fit debt into your long-term
23:01 - How to use debt safely
30:45 - Pay off debt?
45:21 - Use these tools to pay off debt
53:22 - 4 real reasons to pay off debt
1:03:31 - Why be happy in 2023?
1:10:31 - Thought experiment
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🧰MY FAVORITE REAL ESTATE & MONEY TOOLS:

📈RENTAL PROPERTY ANALYSIS🏘️
My online course teaches EXACTLY how I run the numbers and confidently analyze rental properties that produce cash flow and build wealth (and it includes my actual property analysis spreadsheet!): https://www.coachcarson.com/RPA-YT

💵CREATIVE FINANCING COURSE🏘️
Learn to finance your deals successfully, even with high interest rates. My online course teaches you how to use non-traditional funding sources for real estate, like private money, self-directed retirement accounts, seller financing, lease options, subject-to, and more. Includes paperwork! coachcarson.com/creativefinancing-YT

👉 Deal Machine - software to help you buy more real estate deals - https://www.coachcarson.com/dealmachine-YT
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