The first guy I ever met who wanted to buy a post office, Cash Flow Diary podcast guest David Campbell is someone I’ve known for some time. Today David is known for being a real estate investor and fellow educator, syndicator and entrepreneur. However, before this enterprising founder of Hassle-Free Cashflow Investing stepped into his current roles, David had other goals. He wanted to be a high school band teacher. He hit that goal, but realized in just a few years that he wouldn’t earn much as a teacher. He had zero net worth.
David’s path intrigues me, because it’s a bit different than most. The way he learned about the benefits of owning a business and taking depreciation to reduce taxes is different than anyone I’ve ever talked to. He was doing taxes on the side for a handful of people and saw that a business owner paid no taxes while he was paying. Something was off.
David started asking questions and decided to become financially independent in real estate by investing in rental properties. He started by renting out one of his rooms in a condo while living in the other. He was cleared for takeoff and in six years stepped out of the rat race. Because he played Cashflow 101, Robert Kiyosaki’s board game, David knew the secret to getting out of the rat race was to earn more in passive income than he paid out in expenses every month. So David kept his expenses very low so he could boost his income more quickly.
Today David’s company’s investing and advisory experience includes single-family houses, apartments, retail, office, medical, condo-conversion, net-leased properties, syndications, land development, production home building, private lending and even a winery. David has been a featured guest on some of America’s top radio shows and investing podcasts.
David’s blog, www.HassleFreeCashflowInvesting.com/blog, has been repeatedly named one of the top 100 real estate blogs in America. David is widely recognized as a cashflow real estate investing expert with real estate transactional experience totaling in the hundreds of millions of dollars. I absolutely love his blog and suggest you read it.
For now, give this episode a listen and see what you can learn from all that David has to share. You might want to take notes and become a regular visitor to David’s site.