She Started Investing in Her 50s, Now She’ll Retire with Rentals!
Episode #692 Try REsimpli, The Only All-In-One Real Estate Investor CRM Software That Helps You Manage Data, Marketing, Sales, and Operations: https://resimpli.com/biggerpockets?ut... Fear you’ll never invest in real estate because you’ve been dealt a bad hand? Today’s guest had a struggling business, a $70,000 tax lien, a pending divorce, and was on the brink of bankruptcy, but through hard work and persistence, she was able to completely flip her circumstances. Now, she owns a real estate portfolio of cash-flowing rentals, despite starting in her 50s! Welcome back to the Real Estate Rookie podcast! Beth Smart is the ultimate real estate success story. Despite juggling a recent divorce and a mountain of debt, all while taking care of two toddlers, she found a way to climb out of the financial hole she was in. And she didn’t slow down once she was back on her feet. From there, Beth figured out how to build real wealth with rental properties*—dabbling in everything from *short- and medium-term rentals to long-term rentals and even a few messy house flips! In this episode, Beth talks about the bulletproof mindset that helped her rebuild her life, the exact moment she realized she was an actual real estate investor, and the strategies she used to snowball from one property into the next! Episode Show Notes: https://lnk.to/realestaterookieYT Join BiggerPockets for FREE 👇 https://www.biggerpockets.com/signup?... 🎉Join us at the BiggerPockets Conference October 2-4 in Orlando. Buy tickets: https://biggerpockets.com/bpcon2026 Pick Up The Book on Rental Property Investing : https://store.biggerpockets.com/produ... Sign Up for the Real Estate Rookie Newsletter: https://www.biggerpockets.com/email-s... Property Manager Finder: https://biggerpockets.com/findapm Real Estate Rookie 449 – Bankruptcy to Financial Freedom in Under 10 Years with a $1M Net Worth: https://www.biggerpockets.com/blog/ro... Connect with Beth: https://www.biggerpockets.com/users/b... Connect with Ashley and Tony: Ashley: https://www.biggerpockets.com/users/a... Tony: https://www.biggerpockets.com/users/t... 00:00 Intro 01:03 Stuck in “Survival Mode” 07:12 Rebuilding Her Life 11:43 A Taste of Real Estate 19:05 Beth’s “First” Investment Property 22:47 Choosing a New Market. 28:40 Turning $65K Into 2 Rentals! 35:32 Tough Lessons Learned 40:08 Connect with Beth!
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