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Home Market Research Markets

From a Foreclosure & 200 Credit Score to Building Wealth with “Grandma” Houses

by TheAdviserMagazine
4 months ago
in Markets
Reading Time: 3 mins read
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From a Foreclosure & 200 Credit Score to Building Wealth with “Grandma” Houses
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In This Article

Fear you’ll never be able to invest in real estate because of money, credit, or bad timing? This single mom lost her house and had a 200 credit score, yet she was still able to rebuild her life and buy rental properties. If she can find a way to build wealth, so can YOU!

Welcome back to the Real Estate Rookie podcast! Just months before the 2008 housing market crash, Sarah Weatherbee found herself unable to make her mortgage payments. So, she rented out her home, moved to Nicaragua, and lived off the rental income until the dust settled. Unfortunately, shortly after returning to the U.S., she lost her home. The silver lining? Although things hadn’t panned out, Sarah had been given a small taste of what it’s like to own a rental property—with someone paying down your mortgage for you—and was determined to own real estate again one day.

And that’s exactly what she did by buckling down, rebuilding her credit, and stashing away money for her next property. Fast forward to today, and Sarah has bought multiple properties with low money down. Stay tuned as she shares the investing strategy she uses to do it!

Click here to listen on Apple Podcasts.

Listen to the Podcast Here

Read the Transcript Here

Help Us Out!

Help us reach new listeners on iTunes by leaving us a rating and review! It takes just 30 seconds and instructions can be found here. Thanks! We really appreciate it!

In This Episode We Cover:

How Sarah rebuilt her credit and bought real estate again after losing her home
Making over $130,000 in pure profit from ONE real estate deal
The investing strategy that allows you to buy multiple properties with low money down
When to move to another area of the country to invest in real estate
The one reason why Sarah didn’t quit real estate investing after failure
And So Much More!

Links from the Show

Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected].



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Tags: BuildingCreditForeclosureGrandmaHousesScorewealth
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