BiggerPockets Real Estate Podcast

BiggerPockets Podcast 153: From $600k in Debt to 108 Single Family Rentals with Linda McKissack

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On today’s episode of the BiggerPockets Podcast, we are excited to bring you an interview with a prolific investor (and author of one of the world’s biggest real estate books, HOLD: How to Find, Buy, and Rent Houses for Wealth), Linda McKissack! Linda currently owns 108 single family homes — but she didn’t start out that way. Learn how Linda discovered the power that real estate can have on a lifestyle and the mindset needed to make your dreams a reality. This show will blow you away with Linda’s honesty, integrity, and story of excellence. Don’t miss a second of it!

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This Show Sponsored By

We just waRealtySharesnted to give a shout out to our podcast sponsor on today’s show: RealtyShares. RealtyShares is a crowdfunding platform that allows you to invest in professionally managed properties without leaving your living room!

Learn more by visiting RealtyShares.com/biggerpockets!

Fire Round Sponsor

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In This Episode We Cover:

  • BiggerPockets Podcast ArtworkWho Linda is and how she started investing with huge debt
  • The size of her portfolio
  • Why she dropped out of college to become an entrepreneur
  • How she bought property without money or good credit
  • A look at financing back in the ’80s
  • How to recession-proof your life
  • A discussion on speculation vs. investing
  • How every market is different
  • What her freedom number is
  • How to get deals by helping others build wealth
  • Partnerships and whether newbies should seek them out
  • Why freedom means having options
  • The importance of taking the next step and avoiding analysis paralysis
  • Linda’s formula for finding good deals
  • How to figure out the best criteria for you
  • What keeps her continuing to invest despite reaching her goals
  • Tips for forming a team
  • And SO much more!

Links from the Show

Books Mentioned in this Show

Tweetable Topics:

  • “If you do the right activities, the money shows up.” (Tweet This!)
  • “The more money you make, the more options you have and the more good things you can do.” (Tweet This!)

Connect with Linda

Real strategies that work for real people seeking to build wealth through real estate investments. Co-hosted by Brandon Turner and David Greene, this podcast provides actionable advice from investo...
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    David Naumann Landlord from Allen, Texas
    Replied about 4 years ago
    I really enjoyed this podcast with Linda. What resonated with me is that I had an easy time relating to Linda’s story (I live in North Texas as well). Thanks for sharing.
    Damien Christian Investor from Cambridge, MA
    Replied about 4 years ago
    Cool discussion here. I read Hold about a month ago – I really enjoyed the book.
    Gloria R. Real Estate Agent from San Diego , California
    Replied about 4 years ago
    Buying in CA is a huge deterrent. Finding and depending on a ‘key’ person to help me buy out of state is intimidating. How would one go about finding the ‘person’ to help them buy out of state?
    Margie Kohlhaas Rental Property Investor from Algona, IA
    Replied about 4 years ago
    The music is a bit much. It’s difficult to hear the speakers while the music overpowers them. I’d rather get down to the details and not listen to this fluff music.
    Cory Adams Investor from Tampa Florida
    Replied about 4 years ago
    Great podcast!
    Andrew Weikel Investor from Blacksburg, Virginia
    Replied about 4 years ago
    Awesome episode! Center the audio rather that splitting.
    Greg Nolan from South Berwick, Maine
    Replied about 4 years ago
    Yeah the Audio was really bad on the left speaker, almost couldn’t hear.
    Jolie Winkler from Lynden, Washington
    Replied about 4 years ago
    I really enjoyed this podcast! Looking forward to reading Linda’s and Brandon & Heather’s books!
    Rob Hayes Investor from Union, New Jersey
    Replied about 4 years ago
    The quote is ” Good is the enemy of Great” Brandon.
    Mikael Winkler Rental Property Investor from Columbus, OH
    Replied about 4 years ago
    Fantastic podcast, thanks everyone!
    Alicia Crossen from West Palm Beach, Florida
    Replied about 4 years ago
    Great episode! Loved hearing your criteria among other things. I’m a budding investor in Dallas with one rental property currently. Hoping to achieve a level of success like yours one day, Linda! Just ordered your book too.
    Louis Smith Investor from Kendall Park, New Jersey
    Replied about 4 years ago
    Great Podcast.
    Donald Capwell Flipper/Rehabber from COLORADO SPRINGS, CO
    Replied about 4 years ago
    Great! Very inspirational and grounded in solid principals. Thanks!
    Robert Ruiz Investor from Lake Charles, Louisiana
    Replied about 4 years ago
    Good stuff! i really enjoyed this! just ordered the book
    Karla Gonsalves from Milford, PA
    Replied over 3 years ago
    Linda! I’d love to watch your webinars and the videos you make for your employees, I wish u could work for you! As soon as I can take some time off of work I’m getting my real estate license. What a great interview, I hope I can find a nurturing company like yours I can work in to learn learn learn!
    Don Spafford Investor from Idaho Falls, ID
    Replied over 2 years ago
    I read her HOLD book earlier this year, it was excellent. It is in the Gary Keller series of books.