Successful investors who use Dave Ramsey's strategies
I would like to hear from sucessful investors who use Dave Ramseys strategies.
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I have held true to the debt free mentality for several years, and it has worked great for me. I started out buying a 5 lots on an online auction. I only paid $2250 per lot and there were others listed in the development for 30k. After paying cash for the lots i sold them to a builder for 15k per lot. Then i took that cash and bought a house to rehab and sell. I have continued this process very successfully useing all if my own cash.
After selling 3 to 4 rehab houses, i have enough cash in the bank to purchase a rental, rehab it and continue my flipping business. Its a slow growth model but eliminates most of the risk. At the ripe old age of 32 i own over 2M in real estate free and clear and never have to work another day in my life. My rentals have made us financially free and i dont have to flip a house to survive. Which is very helpful in today's market.