#104: How a Single Mom of 3 Became a Millionaire w/Sadhana Sabharwal

<p class="p1">Gary chats this week with Sadhana Sabharwal, THE Single Mom MILLIONAIRE! She came to Canada at age 14, faced her fears of moving to a new country; got married at 19; had 3 kids before her 26th birthday; and then found herself a single mom and being divorced at 34. How could she provide for her kids and herself on ONE income? She eventually found real estate investing when she worked in a law office, and a client’s mortgage payment was LESS than her car payment! Sadhana challenged the myth that single people, or large families cannot find the money to invest in real estate! If you get creative with VTBs, or hard money lenders, YOU TOO can find a way to get into the lucrative investment market. Sadhana also tells Gary about some very important strategies that she used that will be useful for listeners. She doesn’t invest in one geographic market, she says as long as the numbers work, you can invest anywhere!</p> <p class="p1"><strong>WHAT YOU’LL LEARN:</strong></p> <ul class="ul1"> <li class="li1">How a client’s lower mortgage payment than Sadhana’s car payment made the light bulb go off for investing</li> <li class="li1">Her first real estate club experience</li> <li class="li1">Her first property was a JV with her client on a cottage</li> <li class="li1">How she bought a 2 bedroom bungalow in a tax sale, for $5000!</li> <li class="li1">Her next one was a tax sale for $11,000</li> <li class="li1">Her next one was $32,000</li> <li class="li1">How she ended up owning 18 properties at one time, most bought with no/low money down</li> <li class="li1">She bought a 10-plex where the SELLER LOANED HER MONEY for the down payment and closing costs!</li> <li class="li1">How’s she’s borrowed money from many sources</li> <li class="li1">She was doing BRRRR and hard lenders before they were called that!</li> <li class="li1">Why when the numbers work in her favour, she’ll invest almost anywhere</li> <li class="li1">Why she puts away 5% for vacancy and 5% for repairs</li> <li class="li1">Why she started the “No Mon