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[REAL STORIES] Why Being “Debt-Free” Might Be Keeping You Poor
If I told you someone was $1.7 million dollars in debt, you’d probably think: that sounds really bad. But today’s guest is all about leverage — using debt strategically to generate income, build equity, and create optionality. That debt is attached to properties worth roughly $4 million dollars, which make about $50,000 a month and have allowed her and her husband to leave their W2 jobs to stay home full-time with their young daughter.
This Week’s Guest:
Zoey Berghoff, a short-term rental enthusiast, investor, coach, and speaker with a passion for turning ordinary properties into unforgettable retreats. Zoey shares something that would probably sound terrifying to most people: she’s currently 1.7 million dollars in debt. But that debt is attached to properties worth roughly 4 million dollars — assets being paid down with other people’s money. In fact, today, her portfolio generates around $50,000 a month in revenue.
Tune in to learn:
–The life-changing magic of a HELOC (home equity line of credit)
–How a property earning $24,000 a year as a long-term rental started making $120,000 as a short-term rental
–How to think differently about leverage, debt, and building long-term wealth
–Why certain real estate principles are timeless
Key links:
–Second Home First Academy: https://www.BuyYourSecondHomeFirst.com/academy
*Use code PODCAST for 40% off
–Subscribe to the free weekly newsletter: BuyYourSecondHomeFirst.com/#subscribe
–Visit the website: https://www.BuyYourSecondHomeFirst.com
–Follow on Instagram and TikTok: @BuyYourSecondHomeFirst
–Find us on Substack: https://www.SecondHomeFirst.Substack.com
–Say Hi! [email protected]
A Special Thank You To Our Sponsors:
Lodgify: https://lodgify.com/?afmc=28y
Click the link and enter code HOME20 for an additional 20% off their yearly and bi-yearly plans.
Minoan: https://www.Minoan.com/SecondHome
Use the link provided to sign up and receive a free $25 in credit.
Turno: https://go.turno.com/second_home_first
Use the link provided to get $25 off your first clean.
Flytographer: https://www.Flytographer.com/SHF
Use code SHF25 for $25 off your first shoot
PriceLabs: https://hello.pricelabs.co/signup/?referral=secondhomefirst
Use code SecondHomeFirst (all one word) for a 30-day free trial, plus $10 off your first invoice
View all episodes
By Second Home FirstIf I told you someone was $1.7 million dollars in debt, you’d probably think: that sounds really bad. But today’s guest is all about leverage — using debt strategically to generate income, build equity, and create optionality. That debt is attached to properties worth roughly $4 million dollars, which make about $50,000 a month and have allowed her and her husband to leave their W2 jobs to stay home full-time with their young daughter.
This Week’s Guest:
Zoey Berghoff, a short-term rental enthusiast, investor, coach, and speaker with a passion for turning ordinary properties into unforgettable retreats. Zoey shares something that would probably sound terrifying to most people: she’s currently 1.7 million dollars in debt. But that debt is attached to properties worth roughly 4 million dollars — assets being paid down with other people’s money. In fact, today, her portfolio generates around $50,000 a month in revenue.
Tune in to learn:
–The life-changing magic of a HELOC (home equity line of credit)
–How a property earning $24,000 a year as a long-term rental started making $120,000 as a short-term rental
–How to think differently about leverage, debt, and building long-term wealth
–Why certain real estate principles are timeless
Key links:
–Second Home First Academy: https://www.BuyYourSecondHomeFirst.com/academy
*Use code PODCAST for 40% off
–Subscribe to the free weekly newsletter: BuyYourSecondHomeFirst.com/#subscribe
–Visit the website: https://www.BuyYourSecondHomeFirst.com
–Follow on Instagram and TikTok: @BuyYourSecondHomeFirst
–Find us on Substack: https://www.SecondHomeFirst.Substack.com
–Say Hi! [email protected]
A Special Thank You To Our Sponsors:
Lodgify: https://lodgify.com/?afmc=28y
Click the link and enter code HOME20 for an additional 20% off their yearly and bi-yearly plans.
Minoan: https://www.Minoan.com/SecondHome
Use the link provided to sign up and receive a free $25 in credit.
Turno: https://go.turno.com/second_home_first
Use the link provided to get $25 off your first clean.
Flytographer: https://www.Flytographer.com/SHF
Use code SHF25 for $25 off your first shoot
PriceLabs: https://hello.pricelabs.co/signup/?referral=secondhomefirst
Use code SecondHomeFirst (all one word) for a 30-day free trial, plus $10 off your first invoice