I Paid Off My Properties: Now I’m “Retired” with 45 Debt-Free Rentals

Episode #647 Get 6 Months of RentRedi for $1 with Promo Code “BP2025”: https://rentredi.com/biggerpockets/?utm_source=biggerpockets&utm_medium=partner&utm_campaign=YT_03.2025&utm_content=Rookie Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?utm_source=owned_media Grab the Book, _Pillars of Wealth_ : https://store.biggerpockets.com/products/pillars-of-wealth?utm_source=youtube&utm_medium=description&utm_campaign=none Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-subscribe?utm_source=youtube&utm_medium=description&utm_campaign=none Find an Investor-Friendly Agent in Your Area: http://biggerpockets.com/agentmatch _Real Estate Rookie_ 636 – How to Make Bigger, Faster Returns Without Buying Rentals: https://www.biggerpockets.com/blog/rookie-636?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Liz: https://www.biggerpockets.com/users/danc140?utm_source=youtube&utm_medium=description&utm_campaign=none Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/ashkehr?utm_source=youtube&utm_medium=description&utm_campaign=none Tony: https://www.biggerpockets.com/users/tonyr75 utm_source=youtube&utm_medium=description&utm_campaign=none Worried you’ll never be able to buy rental properties because you’re “bad” with money? Today’s guest was in the same boat until a much-needed mindset shift set her on the path towards financial freedom. Since then, she has built a debt-free, 45-property portfolio that gives her _more_ than enough cash flow to live on! Welcome back to the _Real Estate Rookie_ podcast! Liz Carroll didn’t always have a healthy relationship with money. In college, she would ask her parents to bail her out of credit card debt and have her fiancé cover her car repairs. But one day, something clicked, and Liz realized she needed to take back control of her money. Her ultimate goal? Financial independence—and real estate investing would be how she achieved it. But rather than overleveraging herself, Liz worked hard, saved, and bought properties with minimal debt—paying them off as soon as possible! In this episode, Liz breaks down her very first deal, a $13,000 property (really!) that gave her the confidence to scale her real estate portfolio. She also talks about niching down and the exit strategy that’s allowing her to offload her properties, one by one, while helping her tenants achieve the dream of homeownership! 00:00 Intro 00:58 Fixing Bad Money Habits 09:50 Buying a $13K House?! 14:39 Zero-Debt Investing 19:53 Shifting Your Money Mindset 26:49 Scaling FAST by Niching Down 30:29 “Rent-to-Own” Exit Strategy 36:17 Connect with Liz!