Stuart Grazier joined the military and immediately went into debt. A chance encounter with Dave Ramsey’s Financial Peace University showed him how to manage his finances, and he returned from his stint overseas with his more than $40,000 in debt paid off!
His wife had roommates while he was overseas, and they continued to have roommates when he returned, House-Hacking to cover his mortgage so he could stockpile his cash.
Attending a local real estate meetup introduced him to someone looking for private loans, and his stockpile of cash provided him the ability to create private loans — earning 12 percent interest on his money.
Stuart discusses his successes and failures in real estate investing, his transition to rental properties, and what he’s planning after he separates from the military.
Feeling stuck at your job and looking to fix your financial future? This is the episode you need to listen to.
Listen here or on your favorite podcast app.
Once I finish with episode 32 this one is next up! It’s always encouraging to see how a fellow active duty service member has found success!
Great guest and hope the site they building stays pure like BP
Always good to hear success stories from a fellow service member, can't wait to post a success story of my own one day.
-Sgt Murray USMC
@Terrell Murray , I can't wait, either!
I loved this episode. It is like he was reading my diary for the first part and my goal sheet for the second half. As an Active Duty Navy Sailor, I used Dave Ramsey and his 7 baby steps to go from debt -to even - to paying for a house in cash after several deployments. I have given away countless numbers of the Total Money Makeover to fellow service members.
However, as Stuart said, I realized that the Dave Ramsey plan was a 90% solution, and that leverage with Real Estate investing could catapult my net worth. On pace to do 5 deals this year, and trying to double that next year.
Thank you, Stuart and Bigger Pockets money for sharing this fantastic information!
As an active duty military member I loved listening to this episode. Stuart had a very interesting path, and I was able to learn a lot that I did not know about.
His advice about the Career Starter loan provided by USAA and Navy Federal to graduates of Service Academies/ ROTC/ OTS was spot on. I know tons of people that blew that money on a brand new car instead of investing.
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@Ned Canada reach out any time. I love meeting like-minded people and talking about real estate.
I have not had a chance to listen to this podcast yet but it is now on the top of my list!! ...I love seeing all of the service members chimming in here. I am active duty Navy and I have done 5 deals this year so far taking my rental portfolio to 10 units. Every bit of time not devoted to the military is consumed by my love of real estate and investing. It is quite an inspiration to see all the other service memebrs chimming in here. I would like to thank each and every one of you for your service and wish you all the best with your investing. You guys rock!!
ETV1(SS) Spittler, USN
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