E22: Why We Paused Buying Rentals This Year (And What We're Doing Instead)
About this episode
Greg Downey shares his journey from the Navy and nursing to real estate investing, discussing lessons learned and current strategies.
In this episode of The Deal Vault, Nate sits down with co-host Greg for a quick, rapid-fire introduction aimed at anyone who's just found the podcast. Rather than diving into a lending topic, this one is about Greg himself: his path from the Navy and a career as a critical care nurse into real estate investing, and how he ended up working alongside Nate and Sarah at LoanBidz in the first place. Greg walks through reading Rich Dad Poor Dad while under contract on his and Sarah's first short-term rental, balancing a Dave Ramsey mindset around debt with the decision to put money into a rental property instead of paying cash for a car, and the years-long gap between getting excited about investing and actually buying their first property. He also shares how a chance conversation with a family connection working out of a card table turned into the sales career that led him to LoanBidz, and gives a candid, current snapshot of where he and Sarah stand today: eight properties, a deliberate pause on buying more while life is full, and lessons learned nine years into ownership. You'll Learn How To: Balance a debt-averse mindset with taking on debt intentionally for an investment property…
More episodes of The Deal Vault
- E25: Why Accountability Feels Like an Attack to Your Team
- E24: The Financing Trap Hiding in 5+ Unit Deals
- E23: Why We Use Our Own Loan Programs to Buy Rentals
- E21: What 800 Deals Taught This Lender About Borrowers
- E20: The 6 Month Rule That Trips Up Vacant Property Refinances with Dylan Massey
- E19: What a Rehab Can Teach Your Kids About Money
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