378: Paying Off $100K in Debt with 3 Rentals Thanks to THIS Low-Money Strategy w/Dave Williams

Could rental properties help you switch careers, replace your W2 income, or get out of debt? According to today’s guest, yes! Once Dave learned of the flexibility that real estate investing could offer, he left his established career behind and never turned back!

Dave Williams and his wife were working as traveling physical therapists when they determined that their careers wouldn’t support the lifestyle they wanted. So, they turned to real estate and adopted an amazing strategy—one that allows them to buy a house every few years with low money down before eventually moving out and converting it into a long-term rental. By repeating this strategy, they have been able to build a small, local portfolio with cash-flowing, appreciating properties!

In this episode, Dave talks about the value of 2-1 buydowns and the one question you must ask before starting any home renovation project. Looking for a market to invest in? He even shares a list of the BEST neighborhoods in the greater Denver area. But like any investor, Dave has had a few horror stories as well. Stick around to hear how one of his rentals flooded not once, not twice, but THREE times!

In This Episode We Cover:

How Dave paid off $100K in debt with only THREE rental properties
Buying new properties with low money down and converting them into rentals
The one question you NEED to ask before making any home renovation
How to find properties that deliver cash flow AND appreciation


Links from the Show

Ashley's BiggerPockets Profile
Tony's BiggerPockets Profile
Apply to Be a Guest on the “Real Estate Rookie” Podcast


Connect with Dave:

Dave's BiggerPockets Profile



00:00 Intro
01:40 Switching Careers & Dave’s Portfolio
06:30 BIG Financial Changes
11:38 Investing in a Pricey Market
18:25 Turning Your Home Into a Rental
22:21 Renovations & Tenant Turnover
27:12 The “Foundation” Horror Story
31:34 THREE Floods?!
38:47 Connect with Dave!



Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com.
Learn more about your ad choices. Visit megaphone.fm/adchoices