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Is debt investing the hidden gem of real estate wealth building, offering stability and returns in a volatile market? Host Taylor Loht welcomes Matt Rodak, founder and CEO of Upright, to unravel the complexities and advantages of debt investing in real estate. Matt shares his journey from landscaping for fix-and-flip investors to creating a platform that bridges the gap between active real estate investors and passive debt investors. This episode dives deep into the intricacies of debt versus equity investing, highlighting how individuals can build wealth in real estate by becoming lenders rather than landlords. Through Matt's insights, listeners will explore the strategic benefits of debt investing, including risk management, investment returns, and the evolving landscape of real estate financing. Matt Rodak is the CEO and Founder of Fund That Flip, which was founded in 2014. Matt developed the premise of this fintech company because he was struggling to get access to stable, reliable, and fast capital for his own real estate projects. Since then, Fund That Flip has grown into an end-to-end financial technology platform that helps real estate entrepreneurs and investors transform their neighborhoods and communities. Matt has been featured on the Bigger Pockets Business Podcast, Forbes magazine, and countless other publications. [00:00:00-00:05:00] The Genesis of Upright: Matt Rodak's transition from real estate enthusiast to debt investing pioneer. Matt's early exposure to real estate through a landscaping business. The motivation behind creating a platform for debt investing. The impact of peer-to-peer lending on Matt's investment strategy. [00:05:00-00:10:00] Debt vs. Equity: Analyzing the pros and cons from an investor's perspective. The fundamental differences between debt and equity investing. Risk and return profiles of debt investments. The concept of loan-to-value ratios and their significance. [00:10:00-00:15:00] Navigating Rising Interest Rates: Adapting strategies in a fluctuating economic environment. Impact of federal rate changes on debt investing. The evolution of interest rates in Matt's lending practice. How Upright remains competitive and relevant amidst economic shifts. [00:15:00-00:20:00] Project and Borrower Selection: The underwriting process and criteria for successful lending. Importance of experience in potential borrowers. The shift towards new construction financing. How Upright evaluates and selects projects for investment. [00:20:00-00:25:00] Future of Single-Family Housing: Predictions for the next decade in real estate. Demographic trends influencing housing demand. Challenges and opportunities in single-family housing development. Matt's vision for Upright and the real estate market. Book recommendation: How to Win Friends and Influence People Who inspires Matt?: His sons. Quotes: "We think there's a very long tailwind... around single-family housing." - Matt Rodak "You can always make more money, but you can't make more time." - Matt Rodak Connect with Matt: Website: https://www.upright.us/ Apply to Invest with Taylor at www.investwithtaylor.com Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com Please leave a review and help others escape Wall Street and build wealth on Main Street!
Upright Tools We have the creator of Upright Tools, Dave Robertson, on today's show! This game-changing, all-in-one software has the tools you need to analyze deals, estimate construction costs, and project manage every team and expense to maximize your project profitability. Jen has been using this software for a few months and can no longer keep this a secret! If you are ready to throw out your spreadsheets and accelerate your business with this all-inclusive tool, hit play...you won't regret it! Dave Robertson started flipping houses part time as a side hustle with goals to quit his corporate gig and focus on real estate investing full time. He created a spreadsheet to manage his flipping business, which he eventually started selling online at HouseFlippingSpreadsheet.com. The spreadsheet morphed into a web-based software platform called FlipperForce which was acquired by FundThatFlip (now Upright.us). 30 Day free trial: https://www.upright.us/tools/pricing To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com To join HomeSchooled by Tarek, visit https://go.homeschooled.co/schedule-strategy-session?el=jenjosey
Jon Andrews, VP of Business Development at the newly rebranded Upright, previously Fund That Flip, joins us in our first in-person interview here in Cleveland! Last week we explored the history of Fund That Flip's brand, and this week Jon tells us the business journey of Fund That Flip as a team of 4 people to Upright now with a team of over 200!Brought to you by: upright.usProduction team: connversa.comMusic by: Jeremy Blake
We bring back Fund That Flip's CEO and Founder Matt Rodak to give us some branding updates! He talks about the history of the brand, why the Fund That Flip name doesn't really fit anymore, and Matt reveals the new name!Brought to you by: fundthatflip.comProduction team: connversa.comMusic by: Jeremy Blake
A Hard Money Lender That Actually Gives a Sh!t We have one of Jen's all-time favorite lenders on the show, Tim Harvilla from Fund That Flip. This hard money lender is SO different from the others because they form local partnerships with all their clients. Because this company believes in nurturing that local connection, they work tirelessly to find solutions for every lending situation. Tim also dives into how to spot scammers, how LTV works, and using lenders to scale your business. Jen also gets Tim to spill the beans about an innovative app they are working on so investors can keep more money in their pockets! If you are looking for a new hard money lender, this is the episode for you! Tim Harvilla is a versatile professional with a diverse background and a passion for empowering others to achieve their full potential. His journey began with a Bachelor of Science degree in Business & Rural Economic Development from West Virginia University. Following his graduation, Tim's commitment to service led him to join the US Marine Corps Infantry, where he served deployments in both Iraq and Afghanistan. During his service, he displayed exceptional dedication and courage, earning multiple medals and meritoriously rising to the rank of Sergeant in less than three years. After completing his military service, Tim embarked on a new path, working underground in the coal mines of southwest Pennsylvania for five years. During this time, he pursued higher education concurrently, earning a double Associate of Science degree in Mining and Electrical Engineering from Pennsylvania State University. He also achieved an MBA from Waynesburg University, expanding his knowledge and skill set in business management. Driven by a commitment to continuous improvement, Tim obtained professional certifications including Project Management, a black belt in Six Sigma, and an EMT certification. These certifications exemplify his dedication to excellence and his ability to apply efficient and effective strategies to various projects and endeavors. Tim's journey then led him to a global manufacturing company, where he thrived as a project manager and consultant. Concurrently, he pursued his entrepreneurial aspirations, establishing his own company while continuing to broaden his education. He earned a Master of Science in Engineering in Construction Management from Drexel University and obtained a Real Estate license, further diversifying his expertise. More recently, Tim has brought his wealth of knowledge and experience to PWC as a private equity business consultant, expanding his understanding of financial opportunities. This journey ultimately led him to Fund that Flip, where he explores both hard money and private money opportunities to further empower individuals and organizations. In his spare time, when he's not busy caring for his two young sons, Tim has a profound passion for traveling the world and immersing himself in different cultures. He believes that these experiences broaden his perspective, enabling him to provide unique insights and innovative solutions to help create a better world. With his rich life experiences and comprehensive educational background, Tim aspires to inspire and motivate others to make positive changes in their lives. He seeks to provide new perspectives and business opportunities, granting individuals the financial freedom they deserve. His true passion lies in working with individuals who possess untapped potential and guiding them towards their next steps. To learn more about Jen Josey, visit www.TheRealJenJosey.com To join REIGN, visit www.REIGNmastermind.com To join HomeSchooled by Tarek, visit https://go.homeschooled.co/schedule-strategy-session?el=jenjosey
This week we chat with one of our favs, Val Moses! Val started at Fund That Flip as an underwriter and over just a few years moved up to VP of Asset Management, and of course is also a successful real estate investor in Cleveland, Ohio. She tells us some of her investment stories, tips on how to manage a relationship with a significant other that's also in the real estate business, the concepts that guide her work and success, gives us an inside look into the mind of an asset manager, and more!Brought to you by: fundthatflip.comProduction team: connversa.comMusic by: Jeremy Blake
placemakingpodcast@gmail.com Facebook-f Twitter Linkedin Instagram From Petroleum Engineer to Infill Residential Real Estate Developer by the Age of 26 with Donovan Adesoro - Ep. 072About the Guest26 year old real estate developer and investor relations director for Fund That Flip. Originally from St. Paul, MN but graduated with a petroleum engineering degree in 2019 and moved to Houston for my full time gig. Got started in RE with house hacking a duplex during the height of Covid before noticing a lack of duplex inventory throughout the city, so decided to try and develop them. Raised money from other investors in real estate Facebook groups at first and now from Twitter. Left the engineering job to join Fund That Flip, a national bridge lender who allows accredited investors to buy a piece of the debt and receive monthly distributions. Finished 16 units last year and currently have 30 under construction. Looking to get into slightly larger scale projects this year. To Learn More About Donovan Adesoro, Check out the Following Websites:LinkedIn - Donovan AdesoroTwitter - Donovan AdesoroFund that Flip Website Recommended Reading Section P.S. We spend (a lot) of time, sweat, tears, and money creating each episode of The Placemaking Podcast. We do this without the support of sponsors as we want to keep the advertisements out of the picture and provide an add-free listening experience. YOUR support ensures we can keep delivering these discussions ad-free!If you feel compelled to donate to the show (and receive some cool bonuses...) you can check out my Patron Page. The Weekly Real Estate Development Workshop Receive the latest news Subscribe To Our Weekly Updates Find Us Here Facebook-f Twitter Linkedin-in Youtube The Placemaking Podcast All Rights Reserved © 2020
Today we travel to Cleveland, Ohio, and talk with Brendan Bennett, VP of Revenue for Fund That Flip. His personal portfolio includes 19 units in total, 17 long term rentals and 2 mid term rentals. I am excited for today's episode as I believe we all get stuck in the mindset of traditional lending which limits our buy power. Brendan will give us some tangible ways we can grow our portfolio even if we don't have the funds for it. If you are an MTR host that is open to value add renovations, then this is the episode for you. (Jump to 26.15 minutes for MTR conversation)Website Links:https://www.furnishedfinder.com/ https://www.keycheck.com/ https://www.furnishedfinder.com/stats https://www.furnishedfinder.com/Resources/PMResources https://www.fundthatflip.com/ Brendan's Listings on Furnished Finder:https://www.furnishedfinder.com/members/profile?u=Brendan.Bennett The Landlord Diaries is brought to you by Furnished Finder, where you can list your property for only $99 per year and no booking fees!
Our own Megan Sarles joins us in the studio to give some insight into the mind of an underwriter and mitigating construction risk. We ask her what to know when applying to borrow, what a perfect file looks like, how she's working to improve the inspection process, and more!Disclaimer: Statements made by Fund That Flip employees may not reflect views of Fund That Flip.Brought to you by: fundthatflip.comProduction team: connversa.comMusic by: Jeremy Blake
Doug Dvorak joins the show this week to answer all your questions about CAPITAL (AKA, money)! Doug is the VP of Capital Markets at Fund That Flip, and he explains where lenders typically get their capital, why it matters where your capital comes from, how to get started deploying YOUR capital, and more!Disclaimer: Statements made by Fund That Flip employees may not reflect views of Fund That Flip.Email Doug at: doug.dvorak@fundthatflip.comBrought to you by: fundthatflip.comProduction team: connversa.comMusic by: Jeremy Blake
Patrick Donley talks with Donovan Adesoro who is a real estate developer and also Investor Relations Director for Fund That Flip. They discuss how his start in house hacking fueled the desire to do larger deals which led to him developing 16 duplexes in the Houston area with an additional 30 currently under construction.IN THIS EPISODE, YOU'LL LEARN:00:00 - Intro17:27 - How Donovan got his start in house hacking.17:39 - What the pros and cons of house hacking are.17:39 - What resources and first steps would he recommend to beginning investors?27:15 - What it took to break into the development world.33:01 - Why he jumped from house hacking to developing duplexes.37:40 - What the steps are from purchasing a vacant lot to the final end product.40:32 - How he went about raising capital.57:09 - What his exit strategy is plus his plans for the future.And much, much more!*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCESRobert's book The Everything Guide to House Hacking.Rich Dad Poor Dad by Robert Kiyosaki.The Go Giver by Bob Burg.Set for Life by Scott Trench.Richer, Wiser, Happier by William Green.Related episode: Listen to MI215: The Everything Guide to House Hacking w/ Robert Leonard, or watch the video.Related episode: Listen to REI090: The Guide to Real Estate Investing w/ Brandon Turner, or watch the video.NEW TO THE SHOW?Check out our Real Estate 101 Starter Packs.Browse through all our episodes (complete with transcripts) here.Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool.Enjoy exclusive perks from our favorite Apps and Services.Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.Keep up with the latest news and strategies on real estate investing with the best real estate podcasts.P.S The Investor's Podcast Network is excited to launch a subreddit devoted to our fans in discussing financial markets, stock picks, questions for our hosts, and much more! Join our subreddit r/TheInvestorsPodcast today!SPONSORSGet a FREE audiobook from Audible.Talk to your clients about Desjardins Responsible Investment today and support what's right for society and what's good for business.Take stock of your finances and investing strategy with Betterment.Let an expert do your taxes from start to finish so you can relax with TurboTax.Set, track, and manage your financial goals as your life evolves with Scotia Smart Investor.If your business has five or more employees and managed to survive Covid you could be eligible to receive a payroll tax rebate of up to twenty-six thousand dollars per employee. Find out if your business qualifies with Innovation Refunds.Support our free podcast by supporting our sponsors.Connect with Patrick (@jpatrickdonley): TwitterConnect with Donovan: Website | Twitter | LinkedIn | InstagramSee Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Matt Rodak is the CEO and founder of Fund That Flip, an end-to-end residential real estate lender, SaaS solution, and investment platform that empowers real estate entrepreneurs to create wealth and more value in their communities. After years in commercial property risk management, Matt decided to actualize his passion: real estate. However, he quickly became frustrated with the challenges of getting access to fast, reliable, and sustainable capital to finance his deals. And in 2014, Fund That Flip launched. Fund That Flip's award-winning platform and simple process allow borrowers to get loan commitments within 24 hours and the fastest closing of any hard money lender. Investors can then purchase fractional shares of those loans, historically earning more than 10.8% returns. The Platform and team provide first-class support and industry-leading transparency into every deal, while also offering unprecedented access to an asset class previously dependent on “who you know.” Fund That Flip has grown nearly 300% in the past three years, and to date has originated more than $2.2 billion in loans, with 99.7% of principal returned, and more than 93% repeat borrowers.
Donovan Adesoro stops by to talk about the nuances of Houston's real estate market, how he got into flipping and developing at such a young age, his relationships with business partners, and how he approaches and brings on new investors. Disclaimer: Statements made by Fund That Flip employees may not reflect views of Fund That Flip.Brought to you by: fundthatflip.comProduction team: connversa.comMusic by: Jeremy Blake
H.U.S.T.L.E culture: What it is and its advantages to a team How does the Fund That Flip help businesses grow?Difference between a passive and an active investor's risk-return profileEffects of the economic crisis on housing market demand3 core benefits of investing in private money lending The Life & Money Show Spotlight:Your Life & Money: What is one thing you're doing to live a meaningful and intentional life by design?Other's Life and Money: What is one life or money hack that you can share that will make an impact in others' lives right now? Life & Money in the World: What's the one thing you're doing right now to make the world a better place? RESOURCES/LINKS MENTIONEDBest Ever ConferenceProsperLending ClubFlipper Force ABOUT MATT RODAKMatt is the founder and CEO of Fund That Flip, a venture-backed real estate investment marketplace specializing in short-term loans for residential real estate rehabbers. As an active real estate investor, he became frustrated with the inefficiencies and lack of transparency offered by traditional rehab lenders. Fund That Flip's technology provides ease of use, speed, and transparency to professional real estate rehabbers. The platform automates sourcing, underwriting, and loan origination for accredited and institutional investors, providing unprecedented access to this desirable asset class. CONNECT WITH MATTWebsite: FundThatFlipTwitter: @FundThatFlipInstagram: @fund_that_flipTiktok: @fundthatflip CONNECT WITH USTo connect with Annie and Julie, as well as with other Investing For Good listeners, and to get the latest scoop on new and upcoming episodes, join Life and Money Show Podcast Community on Facebook.To learn more about real estate syndication investment opportunities, join the Goodegg Investor Club.Be sure to also grab your free copy of the Investing For Good book (just pay S&H)--Thanks for listening, and until next time, keep investing for good!
Ryan Studner is a Maryland native that since college has worked for real estate investors, became a real estate investor, and now works funding other real estate investors. Fund that flip is a hard money lending company that works in many areas across the country. They have both a fund open for passive investors as well as lend short term funds for investment properties and new construction. This episode is sponsored by:National Lumber: Since 1919, National Lumber has been serving residential and commercial builders, remodelers, architects and consumers in the Baltimore and Chevy Chase area. We feature a full line retail store, lumber yard, comprehensive product showrooms featuring windows, doors, and kitchen and bath cabinetry.Trius Lending Partners: "We are a direct, private money/hard-money & long-term rental lender with headquarters in Maryland & the Mid-Atlantic. We lend on residential investment properties, fix & flip, and rehab projects, commercial properties in the Mid-Atlantic region."
In this marketplace, it is so important to have relationships with people in the industry that you can trust. Eddie Wilson sits down with Nils Langenhagen from Fund that Flip to discuss how their unique model works by someone dedicated to see if a deal is beneficial for both the lender and investor and how they underwrite deals. Plus, they discuss where the new construction hotspot is, what new construction loans look like and what advice Nils would give someone that's looking at the market today. For more information, visit FundThatFlip.com.
In this marketplace, it is so important to have relationships with people in the industry that you can trust. Eddie Wilson sits down with Nils Langenhagen from Fund that Flip to discuss how their unique model works by someone dedicated to see if a deal is beneficial for both the lender and investor and how they underwrite deals. Plus, they discuss where the new construction hotspot is, what new construction loans look like and what advice Nils would give someone that's looking at the market today. For more information, visit FundThatFlip.com.
Brian talks with Alex Robertson from Fund That Flip about tips that he has for investors on how to set themselves up for success when it comes to funding a project & the peace of mind that comes with having your money, process, and plans in order.
Brian talks with Alex Robertson from Fund That Flip about tips that he has for investors on how to set themselves up for success when it comes to funding a project & the peace of mind that comes with having your money, process, and plans in order.
Every Monday, Alpesh will be sharing experiments he did with his investments since 2009. In today's episode, Alpesh will be discussing Invest using fund that flip. Alpesh Parmar is an entrepreneur, real estate investor, business owner, author, mentor, and podcast host who is passionate about wealth, life, and health. Alpesh is the host of the real asset investing Podcast – “Wealth Matters”. Alpesh is also co-author of Amazon # 1 Bestselling book – Resilience: Turning Your Setback into a Comeback. He has invested in the USA, Belize, Panama, Paraguay, and India. He owns and manages a portfolio of duplexes and small to medium-sized apartment buildings in Birmingham, Atlanta, and Dallas markets. In this podcast, he will discuss investing using funds that flip. *DISCLAIMER - We are not giving any financial advice. Please DYOR.* Exchanges https://www.coinbase.com/join/parmar_27 https://accounts.binance.us/en/register?ref=52159822 https://www.kucoin.com/ucenter/signup?rcode=24hQ3Jv https://swapspace.co?ref=f5814e34ad7134c10e3f07e0 https://www.gate.io/signup/3408973 https://crypto.com/app/9ux1x96a8s https://uphold.com/signup?referral=1b5c565a5c https://www.swanbitcoin.com/wealth Interest Bearing https://www.gemini.com/share/987weayh7 https://blockfi.com/?ref=1d6bc32d https://celsiusnetwork.app.link/110249e176 https://voyager.onelink.me/WNly/referral?af_sub5=D3D527 https://nexo.io/ref/smwmo2ecec?src=ios-link Earn Free Bitcoin https://freebitco.in/?r=41976256 https://getpei.app.link/invite?code=8zgqy4 https://use.foldapp.com/r/PWWA4LLL Filing Taxes http://cryptotrader.tax?fpr=wealth (http://cryptotrader.tax/?fpr=wealth) https://cointracking.info?ref=W702955 (https://cointracking.info/?ref=W702955) (00:00 - 01:08) Opening Segment -Introduction (01:08 - 11:25) Invest using funds that flip -Alpesh talks about the new website that he found called "fundedthatflip.com" -He also shares services are provided to the borrower to flip -He also talks about how can fund lenders or potential investors -Alpesh shows what to see on the website -Alpesh shares as well about dogfooding (11:25 - 11:48) Closing Segment -If you want to learn more about the discussion, you can watch the podcast on Wealth Matter's YouTube channel and you can reach out to Alpesh using this link. Check us out at: Facebook: @wealthmatrs IG: @wealthmatrs.ig Tiktok: @wealthmatrs
Kendall Bazan, CMO at Fund That Flip, talks with Jeremy about marketing through multiple channels.Highlights:Strategies for staying consistent with messaging and content with competing priorities and channelsWhat Kendall does to ensure that her content engages with her audienceWhen multiple channels becomes a hinderance instead of a benefitLearn more about Fund That FlipConnect with Kendall on LinkedIn
Kendall Bazan is a data-driven marketing professional with 10+ years' experience, with a focus on fintech and investment management software. She previously worked for a large, multinational enterprise software company and came to Fund That Flip when there were fewer than 20 people on board. She has helped grow the company from originating $50million to over $500million in the past three years, doubling the customer base each year with exponential revenue growth. She is also a new real estate investor herself, after she and her husband both bought their first rental properties in Columbus, OH in early 2020! In this episode, Kendall shares what people should be thinking about if they want to take on a fix and flip project in today's market. Episode Links: https://www.linkedin.com/in/kendallkrawchuk/ https://learn.fundthatflip.com/real-estate-investing-blog/author/kendall-bazan --- Transcript Before we jump into the episode, here's a quick disclaimer about our content. The Remote Real Estate Investor podcast is for informational purposes only, and is not intended as investment advice. The views, opinions and strategies of both the hosts and the guests are their own and should not be considered as guidance from Roofstock. Make sure to always run your own numbers, make your own independent decisions and seek investment advice from licensed professionals. Michael: What's going on everyone? Welcome to another episode of the Remote Real Estate Investor. I'm Michael Albaum and today I'm joined by Kendall Bazan, the CMO of Fund That Flip, and she's gonna be talking to us today about all of the things flippers, whether you're new or seasoned, should be aware of both in getting their business started, and keeping it rolling. So let's get into it. Kendall Bazan, welcome to the Remote Real Estate Investor. Thanks for taking the time to hang out with me today, I really appreciate you coming on. Kendall: For sure, Michael, I'm so excited to be here. Thanks for having me. Michael: Oh, my pleasure. So you are the chief marketing officer for Fund That Flip, right? Kendall: That's right. Michael: Awesome. Well, I know a little bit about your background, we were chatting just before we hit the record button. But I would love if you could share with our listeners, who you are, where you're coming from and what it is that you're doing in real estate. Kendall: Absolutely, that sounds great. So a little bit about my background, I come from kind of an unorthodox background, both as a marketer and as a person in real estate, which I think is probably true of most people in real estate. So in a previous life, I was actually pursuing my PhD of all things, took the academic route decided and discovered that it wasn't really for me. So had, everything that goes along with that. So an identity crisis and all of that and really decided, okay, I've got to build myself back up from the ground up. So tried my hand at doing a little bit email marketing, part time for a technology company and got addicted to it. Fast forward a couple… Michael: Really? Kendall: So yeah, in my mid kind of mid to late 20s, as well. So like working alongside 18 year old's and feeling like, okay, where am I really going in my life right now I'm late 20s. I don't know what I'm doing. Everything that goes along with that. But at things, you know, progressed, and I got some really good experience working for a software company that actually did enterprise software for commercial real estate. So got introduced to the industry and started to learn the language, which I really think if you know you're coming into real estate and don't have a background in it, it's a new language to learn, so… So on the commercial side, you know, started learning about investment management, software, etc. And really had a serendipitous opportunity when the founder of fun that flip reached out on Angel List and said, hey, I am looking for my first marketing person. We're a small startup, you know, we've got 15 people opening an office in Cleveland, you know, would you be interested in checking it out? And had that first conversation with our founder, our CEO, Matt, and haven't looked back since. So it's been four years of building up a team and, you know, when I came in to fund that flip, we were just originating, I think 8 million in loans a month and being really excited about it and, you know, today, I think we're doing 100 million a month, so 10-12x, and kind of what we were doing four years ago when I started so it's been a wild ride. Michael: Holy smokes. I mean, it seems like a pretty logical progression going from PhD total marketer, I could see how someone can make this transition... Oh, my God, that's wild. All right and so for people that maybe don't know if on that flip is can you speak to us a little bit about what they are kind of in what they do as a company? Kendall: We are, we're a real estate focused FinTech platform, founded by real estate entrepreneurs, for real estate entrepreneurs. What does that actually mean? So we're a two sided marketplace, we have services for all real estate investors. On the one side, active investors, people that are flippers developers, rental portfolio owners, that are actively sourcing investment projects and need financing and other services for them. We provide that to them and then on the other side of the marketplace, we also provide investment opportunities for passive investors. So folks that don't want to pick up a hammer folks that don't want to be on the negotiating table but still want to be investing in real estate. We allow them to buy fractional shares and invest in fractional shares of those loans and also pooled fund opportunities as well. So really a two sided marketplace that is everything investing in residential real estate. Michael: Okay, we definitely need to have a follow up conversation after we get done recording hear about that side of things, but that is super, super interesting. So, Kendall talk to us a little bit about because you are a marketer, prior academic turned marketer. Talk to us about how people should be thinking about flipping in today's market, it's heated, it's red hot, no one can get a deal. What are what I mean, how are people still flipping and how are you funding $100 million in loans a month, if the market is just too hot? Kendall: Yeah, it's a really exciting time and it's a crazy time to be in real estate. I think as everybody can relate, I think, you know, where we have seen our customers having the most success, is, it's pretty simple. It's staying laser focused on the markets that they know, and the ones that they're ingrained in, because they know the best they know the neighborhoods, they know, the comps they know, you know, the people that are going to be the end buyers or the tenants. So where we have really doubled down and where we have seen success with our customers is those local entrepreneurs that are in, you know, the Philly, in the Charlotte, in Rock Hill, South Carolina, that really have spent the time kind of boots on the ground knocking on doors and understanding the neighborhoods, those are the people that we're finding are having the most success right now. Now, that being said to, you know, we were, we work with a lot of national investors who take a look at the entire scope of the country and our and our, you know, using their connections in those local markets so that they can, you know, get properties in those localized kind of communities. Michael: Yep. Yeah, that makes sense, I'm glad you followed up with that second point, being on the remote real estate investor anyhow, it's important to think about those remote folks too. Kendall: And, you know, Michael, what I would say to that is that there's so many resources out there that, you know, we as a, as a lender, and as a, as a financing partner, that, that, that we have kind of at our fingertips to help our national investors. So, you know, forums where people are discussing kind of the local market, you know, to national resources, like, you know, like this podcast and, and other types of publications where people can understand that localized flavor, while still maintaining kind of that 30,000 foot view of what's going on nationally. So I think it really ties back into I, you know, a really core marketing concept that we have at fun that flip and that I really try to impart at every single stage of, you know, every single part of the the two sided marketplace that we have. So it's all really about knowing who is that core target customer that you're going after. So for a lot of our flippers, it's who is going to be that end buyer, or who is going to be, you know, the eventual homeowner of this wonderful home that they have renovated, and that they're presenting to somebody to be able to live in as, as their, you know, place where they're going to have a family. For people that own rental portfolios, it's thinking about, you know, who is your end tenant in those and how do they look different from one state to another or one neighborhood to another because tenants have different needs, and they have different challenges and different wants from one state and even one neighborhood to the next? So what I would say is that, you know, and this is something that we talked about it found that flip a lot it's, you know, who is who is that end customer that we're servicing, and how can we be laser focused on understanding what their needs are, what their wants are and how do we tailor our messaging to kind of what exactly they want to be hearing? Michael: Yes, yes, yes. Everything you said yes, I couldn't agree with more and we I talked about that all the time in the Roofstock academy, understanding who your tenants are. Because if you go into a neighborhood, that's blue collar working folks, and you put bronze, gold plated marble, everything, it might not be a great fit and so understanding who your who your customer is, right, like in any business, who is your customer, who's your end user, it's so hypercritical. Kendall: Yeah, I was just gonna add to that, too, Michael, I think that like it's whatever stage of the business or whatever stage, you know, your portfolio and your investments are at, it's great to have that mindset, because that's how you get to scale, even if you only have you know, not only but if you have one to two properties, and I say only because I'm I have a rental portfolio of two properties. If you're at that stage, and you want to get to the five units or the 10 units or you know, 100 or, you know, plus, having that mindset of being laser focused on who your core segment and your core audience is, is what gets you to the next level. It doesn't just happen at that next level of scaling up having it at you know, when you're just starting out is what gets you in the mindset to get you to the next level. Michael: So what you're saying Kendall is the shotgun approach, spray and pray might not be a great way to go? Kendall: From personal experience. I can say yes, that doesn't always work the best. Michael: Okay, good to know. So for people who are just getting started, who are maybe interested in flipping, I mean, what have you seen as a good way from the marketing side of things for people to kind of get their foot in the door to start getting some deals under their belt. Kendall: So for those that are just getting started, I would say, and I think you'd probably agree with me is Michael, arm yourself with knowledge. It's listened to podcasts, it's you know, find the forums where people are talking about the neighborhoods, the markets that you're interested in investing in, you know, absorb as much as you possibly can listen to podcasts, when you're driving, when you're doing, you know, when you're doing the dishes, it's something that I do when I'm, you know, working out, as you're absorbing that knowledge and building up that knowledge base, then you can start to make, you know, better educated decisions about like, when you're when a deal actually comes across your desk, or when you find one, you're going to be better equipped to actually, you know, make a well informed decision. So, knowledge and foundation, there is key and I would say also, secondly, this is a weird way to put it, but don't necessarily have FOMO for you know, just getting started, I think Fear Of Missing Out is a really good motivator in in business and, and to get people to move to action. But I would say that, if you don't have or if you're, if you're acting on Fear Of Missing Out, without the foundation of knowledge and a strategy behind it, I think it can lead you to sometimes, you know, not the most advantageous outcome. That being said, I would also recommend that, you know, as you're starting to, you know, source deals and looking at off market properties, potentially look at some creative opportunities for how you might actually even start to think about financing. So, you know, lending is not is a potential option for financing your first deal. But also talking to private lenders, and you know, even using your own cash are all great ways to get started and it doesn't mean that that's the kind of financing or the way that you're gonna be financing. The first deal is how you're going to be doing that going forward. So getting creative on where you're looking and finding sources and thinking about how you're going to finance them for that first, first deal, first five deals is paramount. Michael: So many good points, Kendall and I know that this isn't a marketing question, but keeping in the theme with knowledge and building on the fundamentals. How does fun that flip underwrite deals? Do you know or could you give us any insight into like, okay, if I'm a new investor, I want to get started, I want to start looking at all these opportunities, how do I even know if I'm looking at a good deal or not? Kendall: Yeah, I think that's such a, that's such a good question, Michael and I will even preface and say that we typically will finance people that are, let's say, you know, two to three properties under the belt. So we don't always work with newbies, but we always like to see, you know, what the property is that they have that that's come across their desk, we will work with them to understand, you know, how, how the numbers shake out if it's profitable, if it's not, because we think that getting people armed with that knowledge is actually super crucial. So even if we know that ultimately, we're not going to finance a deal, we want to work with people that are that are, you know, analyzing these deals to understand if it's profitable or not. So, with that being said, you know, a couple of things that we do look at when we are financing is okay, do we have like kind experience? Can we look at, you know, some previous deals that look quite similar to, you know, the this current flip or, you know, similar types of investment projects? You know, I think, in general lenders will also take, take a look at credit score, it's usually a soft poll. So, you know, in in, you know, looking at that in the range of, you know, whatever, whatever makes sense for that lender, that's something that that's typically considered and then really, it comes down to the mechanics of, hey, is this a profitable deal for both us and for the borrower, themselves, you know, our philosophy, and it's one of the reasons that we've had a really high performing book in as much as we don't have a lot that goes into default and if more loans tend to be non performing, we work really closely with the borrowers to understand what that strategy is and how to get it actually executed. Our philosophy has always been right, good deals, right, good loans, because that is what gets people to come back and to actually scale their business, which is ultimately what everybody wants and that relationship. So we don't do bad deals and if we think that it's, it's going to be profitable for us, but not for the borrower. It's not a deal that we do and I would say, you know, any good financing partner should tell you exactly the same thing. Michael: Yes, yeah, I totally agree as opposed to letting you go give yourself enough rope to get yourself into some trouble kind of point you in the right direction. Kendall: 100% yeah. Michael: I love it. So what can people do to be best prepared to utilize fun that flip or any other lending partner if they are gonna be doing a flip? What should they come prepared with? To say, hey, you know, give me money, please what do they need to provide to you? Kendall: Yeah, I think it's, it's coming with the story of, you know, not only like, what, what is going to happen with this project with this investment? But you know, What's your ultimate goal as a real estate investor? Michael: Hmm… Kendall: Is this simply a fix in flip that's kind of come into your orbit, and you just want to do a one and done, that's great, let's understand that story and see how it fits into your larger investing strategy. So, you know, if you're somebody that is just getting into real estate investing, but you've been involved with, you know, let's say contracting, you've been a GC or you're a real estate agent, and you have that industry adjacent experience, it's understanding that background and understanding, you know, hey, this is how much I've been involved in, and why I'm a real estate professional. So even though this might be my first fix in flip, here's all my background experience, and why I'm qualified to actually execute on this deal. And here's how it fits into my larger investing strategy. So, you know, that's something that we talk about internally a lot. It's not just looking at the logistics and the details of the deal. But what's the larger story behind the borrower or, you know, the, the, the real estate investor themselves. I would say I, you know, from a, from a tactical level, I would I would also recommend, you know, if you've got that rental portfolio, come with the documentation there, and, you know, proof of liquidity, if that's a requirement, and you know, kind of that light kind experience, again, have those documents in order and, and get the story established. I think that's what best position, excuse me, I think that's what best positions people, when they're looking at different types of financing, particularly with lenders, that's going to position you and make you hugely differentiated, when you have that documentation in order and that backstory of what the strategy is. Michael: Yeah, I think that makes a ton of sense and me just speaking, anecdotally, to that point, oftentimes, if I'm looking to go get financing for from someone, or some lender, they'll send me hey, this is my needs list, I can reply to them within 35 seconds with all those documents, because I have a folder titled mortgage, it just like has all of those things, because 95%, lenders are going to ask for the same 510 15 documents, so just have them ready and make it easier for everybody. Kendall: Exactly, exactly and it does, you know, it's a great point, Michael, like, it does take a little bit of legwork to get that all organized, and you know, documented in the first place. But ultimately, it's going to save you that time, once you're starting to pick up velocity, and you've got more deal flow coming in and you're working with multiple different lenders and multiple different investors and spending your time you know, executing or working with your property manager or, you know, working with your GC to get things executed. Having that all organized and built up front is going to save you so much time in the long run again from personal experience, I can say that. Michael: Yes, I do. Yeah, same here, same here. Okay, so we're recording this end of March 2022. I'm curious if you can speak at all to where you're seeing rates, both on the borrowing side, but also on the lending side of the platform. Kendall: Over the last six months, there has been a large compression of rates, both for our borrowers downward, and for our cost of capital. So when I say our cost of capital, it's the institutions and the passive investors that that are investing in the loans. Right now, we anticipate that there will probably be some volatility, you know, at this point, and we're starting to see rates creep up again. But we think it'll happen for both sides of our business. So, you know, unfortunately, out there for some, you know, real estate investors, they may start to see rates across the board, climb, but we also anticipate that the passive investing side, so finding opportunities to passively invest, that will yield higher returns as well. What's really interesting is that for us, our business has been designed to really be rate agnostic, I would say. So we're well positioned, you know, if rates are going down, like they had been the last six months, and we were kind of seeing a race to the bottom across a lot of lenders, there's some there's a there were some interesting rates being quoted from competitors. You know, we were well positioned to be offering right at the same level because we've got this really unique diverse capital stack behind us that we also saw kind of that drive downward of rates. So as the market, you know, changes and as we see some choppiness and probably anticipate rising rates, we also anticipate that for both sides, you know, will, will, will be well positioned to have a lot of opportunity also. So, you know, what we have found is that some of our competitors have been tapped out, you know, and we've had a lot of our customers coming back to us and saying, hey, you know, I was working and getting financing with this partner, and, you know, they're really tapped out right now. So can we have that conversation again? So for our purposes, we think there'll be a lot of opportunity to continue to develop long term relationships with people that need stable financing that gets them velocity that gets them to scale. Michael: Totally, totally and are we talking like double digit numbers? Are we talking high single digits, and any, can you give our listeners an idea of kind of where the rates are falling? Kendall: We had seen single digits, for sure, kind of across the board for both sides. So for borrowers, it was definitely subtends, you know, nines and eights, that's, again, that's on the fix and flip side rental are gonna be long term rental are gonna be a lot lower than that, you know, so five, let's call it five and four and then likewise, on the passive investor side, so we had seen our cost of capital and institutions and passive investors in the seven and eight range and we're starting to see those creep back up and what's really interesting, Michael, is that when I started, we were our investors, were actually making 12 14% returns on the passive investments, and borrowers were at the, you know, the 12% range. So we've seen that compression over the last four years really driving rates down. We don't think it you know, we don't think rates for borrowers will go, well, we're not sure. But you know, we don't think there will be that much of an upswing back. But if there is, I think that's really interesting, because passive opportunities, then, you know, we'll start to see higher potential yield as well.4 Michael: Totally, totally. You can't really… I want to come back to you also offer financing for traditional buy and hold properties, or are you that kind of the, the, the fixed financing that that people go into after getting their fix and flip loan? Kendall: So yeah, we are, we're in the process of rolling out our long term rental product, so more to come there. But it's really interesting, because our name, you know, it's something we talk about on the marketing team a lot, we've actually outgrown our name, you know, we say, funds that flip, and yet we do more than funding, and we do more than flips at this point. So fix and flip is our bread and butter. It's, it's a, it's, you know, it's not going away, we'll continue to do fix and flip because we love it, we know it, we know it really well. New construction is huge and we will continue to do new construction as well. And that's something that our customers have been really, really ramping up in terms of what we've been providing for them, and rental as well. So rental has been something that our customers, you know, the fix and flippers and the developers, it's part of their strategy. So we're tailoring, you know, the development of that loan to exactly what our customers have been saying, you know, these are our priorities, these are what we need. What does that look like for a product for you guys, so yeah… Michael: Awesome, we will definitely have to have you back on once that is fully flushed out because that sounds like I mean, it seems like a very logical progression, especially for value add or burn investors of hey, I got to fund the rehab and the purchase now I want to keep the thing can we do it all under one roof? That's exactly that's pretty interesting. Kendall: Exactly. Yeah. Yeah. The one the concept of the One Stop Shop. It's, you know, the value, there is something that we hear over and over every day from our customers. So, yeah… Michael: Okay, well, we'll have to have a follow up conversation about that, too, then, Kendall, let's shift gears here just slightly, we've been talking a lot to newer investors, folks who are just getting started, talk to us a little bit about someone who's more seasoned, more sophisticated, maybe already has a rental portfolio, or maybe already has a flipping business. How should they be thinking about continuing growing their business you know, from a marketing perspective and deal acquisition, deal flow perspective? Kendall: I think, you know, this is something that I see a lot with our customers and I talk to them a lot about, and I've actually done some, some coaching of people that are starting to scale up their businesses and going from, you know, the five unit portfolios to, you know, five properties to 10 to 25 to 100 plus, I think it's all about having that growth mindset and setting the strategies in place that position you really well to scale. So that's a lot of words, but essentially what I mean from the marketing standpoint is start to establish who your customer is, understand what their needs are, understand what their wants are, create a persona around them. It's kind of cheesy, but I tell it to everybody and you know the value that you do rive out of creating your ideal customer persona is something that you can use as a tool for almost every part of your business. So we do it at on that flip, we actually talk about our newbie investors, so we call them newbie, Nick, we give them a we give them you know, a headshot, we give her Yeah, totally. It's literally an avatar. Yeah, we give him a backstory, you know, we talked about his background and his education where it lives, you know, we've got VIP Veronica, who is operating at a different scale, you know, she's doing 50 units plus a year, she's got high velocity, she's got different needs than newbie Nick and, you know, we create and we, we develop different messaging for VIP Veronica versus newbie, Nick. So I would say like, be a little bit cheesy, and start to think about, you know, who your ideal customer persona is and actually give them a name, write down, you know, their motivations, write down exactly kind of what their challenges are, what their needs are and then from there, you can start to use that in your marketing and even in your relationships with your stakeholders. So it's really easy to establish, you know, a strategy with, with your business partners, when you have, who that ideal customer persona is, and you can just reference them right away, like, okay, we're going to acquire this property, here's what's going for, it's our newbie, or it's our millennial Maria, once, you can actually start to kind of have shorthand for, you know, what the strategy is going to be at every single level. So from your financing partners, you can talk to your lender about what your strategy is, and who you're going after, all the way down to, you know, people that are even, you know, helping you support the the building services of your of your property. So you can start to stage you know, according to that ideal customer persona, and you can really start to market it and position it according to what their needs and wants are. So, there's a couple of, I would say, there are a couple of tactics for really figuring out who your persona is and I think the easiest way to figure out who it is, is start to look at your portfolio today, and understand where are you the most profitable and where do you have the best relationships with your customers? So it might be your tenants start to take a look at your customer profiles and understand, okay, these are my these are the people that I want to get more of what do they look like? You know, what maybe not what they look like, but these are the people I want more of? What are their motivations? Where are they located? What's their, you know, what are their needs? What are their wants? What's their style, you know, start to think about that and really use the data that you already have on your current customers to understand that. Michael: Interesting, I want to go back to something you said at the beginning of, of that question, and can we get deep for a minute, if someone has gotten to a point, and they've got a four unit portfolio, let's say I mean, all of their limiting beliefs or what have got them to this point in their portfolio, so how does someone move past that, how does someone go get a growth mindset, if they're just, you know, hitting a wall? Kendall: Let me give you an example of what worked for me, I would, I would say that I had a fixed mindset. When I first was starting out and it goes kind of back to my background as an academic, I thought everything kind of had to be perfect. I thought I had to get perfect grades, I thought I had to get you know, perfect application to graduate school, perfect papers, perfect publications, so that I could be successful and I learned pretty quickly, particularly moving into business and being in a non-entrepreneurial business that failing is actually what helped me get a growth mindset. So once I started getting into an environment where I had support from my boss, and you know, from my people around me that, okay, if you fail at this, it's okay like, the world is not going to end getting those repetition of failures in of, of, you know, trying new things that didn't work was actually what really helped me to break out of a fixed mindset. So you know, if you can do those, those mental cues of okay, this is okay, if I fail and telling yourself that even before you approach something new, and not saying no to things, because you think you might fail. I think that's it's actually a really easy and simple and elegant way to get you into a growth mindset. But it doesn't, it doesn't always happen overnight, at least in my experience. It took me a long time to understand that perfection was not attainable. It's not a goal and it wasn't helpful because it didn't help me grow at all. Michael: I love that answer, can I dig one layer deeper? Kendall: Let's yeah, let's do it. Michael: Where can we go? We got the drill out. We're going we're going deep. So I agree. 1,000%. I think that once you accept that failure is inevitable you're going to move past it. But do you have any recommendations for folks on arenas or places where they can go do that in a safe environment? Because I think what prevents a lot of people from just getting started is that fear of failure, totally, and losing money blowing money, when or whatever the case may be for them. So how can they go get those repetitions in and fail safely? Kendall: Yeah, you know, what worked for me was finding a group of like-minded folks, um, both in person and also digitally, like, I'm a person that communicates best in written form and what I found was that, you know, finding a community of people where I could share ideas, and it was online, that was where I was able to get the support, I needed to be able to fail. So from personal experience, I can say that find a group of like-minded individuals who share the same values that you do, and that can provide you support and you know, a lot of it is just kind of that that morale, when you are making a mistake, or when you do fail, they're there to cheer you on and to actually encourage you and say, hey, I went through this as well, it's cool, it's not that bad, you're not going to die, it's not that painful, you will be fine and just getting that kind of, you know, that reinforcement from those communities is, is super, you know, super, super helpful. So, there's a lot online, I think that you know, that these communities and kind of these niches online have been really helpful in building kind of that support and that community. I would say that in person as well, I mean, real estate tends to be, you know, a very relationship driven industry. So if there are local meetups where you have, you know, regional investors that are that are also looking at similar types of projects that you're looking at and have, again, kind of similar goals to you find those groups of likeminded people and talk about it, share your experience with them. You know, you'll probably be surprised at the fact that people have gone through exactly the same thing and they've come out the other side and it hasn't been too bad. In fact, it's positioned them really well to do better in the future. Michael: Okay, well, that's so good. So everyone listening go out there, make a MySpace profile, go find some online community, just kidding. Kendall: You don't Michael, but you know, I had a MySpace back in the day. Michael: I love it, I love it. Kendall this was so good. We went all over the place covered a lot of really fun topics. If people want to learn more about you get in touch with you reach out to fund that flip for a deal. What's the best way for them to get in touch? Kendall: Yeah, I I'm on LinkedIn. So just search my name Kendall Bazan, I my email is pretty simple. Since I came into fund that flip in the early days, it's just my first name, Kendall@fundthatflip.com and of course, you know, since we're, we're online fundthat flip.com is always open and we like, you know, it's funny because I mentioned earlier that real estate is so relationship based, something that has been a huge differentiator for us is like actually getting somebody on the phone. So our number is on our website and we pick up and we you know, we are there so you know, give us a call or find that flip comm also we are always open, so yeah… Michael: Yeah, fantastic. Well again, thank you so much for coming on. It was such a pleasure and definitely look forward to having you back on in the future. Kendall: Thanks Michael. Michael: You got it, take care. Alright, everyone, that was our episode a big big big thank you to Kendall super interesting topic. I'm definitely gonna be go checking out funthat flip.com and be learning more about both the borrow and the lending side because it sounds pretty darn interesting. As always, if you'd like the episode, feel free to leave us a rating or review wherever it is you get your episodes, and we look forward to seeing on the next one. Happy investing…
Lucas Timberlake, a Partner at Fintech Ventures Fund, talks about investing in game-changing fintech and insurtech startups. Lucas explains why he looks for founders who are coachable and knowledgeable about the regulatory requirements for their business and shares an unconventional pitch story about one of his recent investments.In this episode, you'll learn:[2:53] Fintech Ventures Fund's unique equity-plus-debt approach to supporting early-stage startups[8:21] A unique ‘on-the-go' pitch story where an entrepreneur pitched in the middle of a street[11:28] Investors look for a well-thought-out idea, not just a well-baked pitch.[16:40] Why it's important to think through how to manage the regulatory process before meeting a fintech or insurtech investorNon-profit that Lucas is passionate about: Children's Cancer AssociationAbout Guest SpeakerLucas Timberlake is a Partner at Fintech Ventures Fund. Lucas' experience in venture capital, private equity, and investment banking spans over a decade. He was instrumental in company acquisitions that created the largest parking management company in the U.S. while working with Antarctica Capital.About Fintech Ventures FundFintech Ventures Fund is an Atlanta-based early-stage (pre-seed/seed) venture capital fund, focused exclusively on fintech and insurtech. Fintech Ventures can also structure customized credit facilities of up to $1,500,000 for its portfolio companies through a closely-held affiliate. Portfolio company founders have secured over $700 million in cumulative equity and debt financing from more than 30 institutional co-investors from the fund's initial investment. Fintech's portfolio includes Marble, Startsure, Artis, AVINEW, BattleFace, FUNDTHATFLIP, IOU Financial, Groundfloor, Steady, Vint, MAXREWARDS, PAXAFE, and LQD Business Finance.Next Week's EpisodeComing up next week in Episode 72, we welcome a special guest, Julieta Moradei, Partner at Hometeam Ventures, to talk about their vision "to cut housing costs by half" through investing in founders bringing breakthrough technology to the construction and housing industry.Subscribe to our podcast and stay tuned for our next episode that will drop next Tuesday. Follow Us: Twitter | Linkedin | Instagram | Facebook
In the final installment of our three-part series from the December 4th, 2020 PodMax event, Mike Ham sits down with Kendall Bazan of Fund That Flip. Kendall is a data-driven marketing professional with 10+ years experience, with a focus on fintech and investment management software. She previously worked for a large, multinational enterprise software company and came to Fund That Flip when there were fewer than 20 people on board. She has helped grow the company from originating $50million to over $500million in the past three years, doubling our customer base each year with exponential revenue growth. She is also a new real estate investor herself, after her and her husband both their first rental properties in Columbus, OH in early 2020! web: www.fundthatflip.com blog: learn.fundthatflip.com instagram: https://www.instagram.com/fund_that_flip/ email: kendall@fundthatflip.com Linkedin: https://www.linkedin.com/in/kendallkrawchuk/ Follow us on Instagram: @TheMorningSpotlight Email us at: themorningspotlight@gmail.com www.themorningspotlight.com
Female investors are sometimes nervous to tackle their first project alone, but today's guest shares that there's no reason to be scared. On today's episode, we talk with Jennifer McMurray, a single gal calling the shots one flip after another. We discuss her successful live-in flip strategy and the important tax exemption that keeps more money in your pocket, how she paid off $70k in student loan debt by investing in real estate, and all the details about her current Airbnb project. Jennifer also shares how to work with contractors and provides great tips for negotiating down renovation quotes to meet your budget. Jenn McMurray is a Real Estate Broker in Northwest Arkansas by day. When she's not busy doing the job she loves, she's personally tackling the real estate investing world one dated, ugly home at a time. From busting tile to picking out paint swatches, Jenn tackles [almost] every project herself. As a Bachelorette, she has successfully bought, flipped, and sold multiple projects including 7 flips and 2 Airbnbs. Two years ago, Jenn also purchased her first long-term hold property: a mid-century home, Flip 5, in the downtown historic district that she is currently restoring while living in it. Jenn started this crazy house-flipping life with one goal of paying off her student loans. In 2017, she reached that milestone and paid off the last of her $70,000 student loan debt thanks to house flipping! In addition to house flipping and being a Realtor, Jenn is a regular contributing writer for Homes.com. She has been featured on HGTV online, Huffington Post online, Country Woman Magazine, Citiscapes Magazine, and Hometalk. On today's episode, we discuss a ton with Jennifer, including: The power of live-in flips and the great tax advantages that come with it How to gain renovation experience when you have no idea what you're doing Negotiation tactics to keep you in budget How to effectively communicate with contractors and subs The importance of paying off debt early in your investing career Books/Resources The Last Lecture by Randy Pausch Contact Information BachelorettePadFlip.com YouTube- Bachelorette Pad Flip Facebook- The Bachelorette Pad Flip Instagram- Bachelorettepadflip Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
In light of everything happening in our society regarding race, racism and racial injustice, we wanted to have an open dialogue with some amazing community leaders with the goal to empower our InvestHER community to take action against racial injustice. In this episode, we speak with four outstanding women: Cheryl Lundy Swift, Tennille McCoy, Kim Avant-Babb, and Patricia Red Hawk. During this special episode, we had an honest, transparent, and real dialogue about what's on our hearts and in our minds, specific steps we can take as mothers to educate and be role models for our children, goals and initiatives we can take as group and community leaders, and ultimately, where we can go from here. Our mission is to serve ALL women and we hope this discussion will help inspire real movement so we can be a part of the solution. Cheryl Lundy Swift is the founder and CEO of EduPower, an education consulting firm that empowers school and business leaders, teachers, parents, and students to reach their fullest potential through professional development, coaching and curriculum. Cheryl is an award winning educational leader, curriculum developer, motivational speaker and trainer. She has developed and delivered leadership, team building, and a variety of instructional topics to help transform leadership teams and instructional practices to improve culture and climate, instructional effectiveness, parent involvement and student outcomes for thousands of school leaders, teachers and students across the country. Most recently, Cheryl completed her tenure as a principal for one of her clients, Summit Academy Charter School in Brooklyn, New York. Summit Academy Charter School has received national attention on the Ellen DeGeneres Show where Ellen DeGeneres and Walmart awarded the school $25,000 and the biggest award ever given by the Ellen DeGeneres Show- 4-year scholarships for the entire senior Class of 2017. Cheryl has appeared on the Ellen DeGeneres show five times. She enjoys singing, dancing, live concerts, traveling, all things ‘Food Network' and spending quality time with her family and friends. Cheryl resides in Westfield, NJ with her husband, Hassan. They are proud parents of their nephew, Sid and their calico cat, Dashboard. Tennille R. McCoy is a human resources executive, who translates overarching organizational vision and mission into specific human resources strategies that drive sustainable business results. Tennille has developed and managed human resources policies, initiatives, and programs for large organizations, including the Office of the Governor of New Jersey; Aramark, and UBS Financial Services. Currently, Tennille is Assistant Commissioner of Human Capital Strategies for the New Jersey Department of Labor and Workforce Development. In 2010, Tennille was elected as a District Committeewoman in Hamilton Township, New Jersey, where she focused on energizing young professionals in the political process. In 2011, Tennille was the first African-American nominated by the Hamilton Township Committee to run for Council. Tennille is an advocate for women, children, and community empowerment. She is a member of the Board of Directors for Mercer County Dress for Success, Mercer County Technical and Vocational School, and pass president for the Rutgers University School of Management and Labor Relations Alumni Association. She is a member of RWJ Barnabas Health Foundation, the National Congress of Black Women, and the New Jersey Association of Realtors. Dr. Patricia Red Hawk grew up in the San Francisco Bay Area—she hails from a long line of real estate professionals; her father was a Broker and Appraiser in Sonoma's wine country, her grandfather was a Broker for over four decades and her great-grandmother “house-hacked” homes in the Cherokee territory of Oklahoma. Her own real estate career began as she learned to rehab houses, when working construction in the Silicon Valley. She paid her way through college by working full-time while also serving in the California Army National Guard. After a tour of duty in the Middle East, she was inspired to attend medical school. Dr. Red Hawk relocated to Philadelphia, PA and graduated from Temple University School of Medicine, pursuing residency training in Family Medicine. Today Dr. Red Hawk focuses her efforts as President of the Welliott Investment Group LLC, targeting the acquisition of residential and commercial properties in the Pacific Northwest as well as the Delaware Valley. She has recently relocated to Oregon with her wife Tamara, two children and three cats. She has very strongly held beliefs regarding BBQ, and is an avid sailor and surfer. Every February is known to say, “maybe this is the year I should buy a sail boat….” Kim Avant-Babb operates Babb Properties, LLC, a real estate development firm headquartered in Sicklerville, New Jersey that redevelops urban residential properties in her native Philadelphia in order to provide quality housing and build stable communities. Babb Properties LLC celebrates 30 plus years of a 0% eviction rate and prides itself on quality customer service and landlord integrity. Kim Avant-Babb is also the Chief Strategy Officer at the New Jersey Redevelopment Authority (NJRA), a multi-million dollar independent financing authority created by the state of New Jersey to transform urban communities through direct financial investment and technical support. Kim has led the management and operations of the NJRA Redevelopment Training Institute (RTI), is the founder and Fashion Designer of Ameenah Designs, and provides mentorship through the program, Pass the Torch. Kim is married to her business partner Randy Babb, has three grown sons and nine grandchildren. Kim is an avid runner and cyclist with a lifetime goal of running and cycling in all 50 states and on all 7 continents. On today's episode, we discuss a ton with our quests, including: Resources we can use to self-educate How to have tough conversations Steps that can be taken to create more equality How to raise children to be anti-racists Ways to be a good ally Books/Resources Lies My Teacher Told Me by James W. Loewen I'm Still Here Harvard's Implicant Bias Assessment Contact Information Kim Babb Landlord Docs 30 Cheryl Lundy Swift Edupoweronline.com Tennill McCoy Tmccoy72@me.com Patricia prh@weltingtoninvestmentgroup.com Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
PPP loans are meant to infuse money into small businesses and there is still money left! On today's episode, we talk with Stephanie Parris, founder of Guardian Accounting Services and our go-to guide for Paycheck Protection Program loans. We dive right in with Stephanie and ask her all the questions we have about the PPP loan process and if it's a good fit for real estate investors and business owners. We discuss how to apply for the loan, what the funds can be used for, and most importantly, how to track your spending to maximize the amount that is forgiven. Before you call the bank to apply, be sure to listen to Stephanie's tips for what documents you need in place and the steps to take to ensure a smooth process Stephanie Parris brings twelve years of accounting experience to service her diverse clients' business needs. She has experience in public accounting as well as the private sector in positions such as Controller at Habitat for Humanity. She has extensive knowledge of the non-profit, construction, real estate and service industries which she serves. In addition, she assists her clients with various consulting services, financials statement audit preparation, accounting cleanup, succession planning, best practices, and procedure documentation. Stephanie values client relationships and prides herself on providing timely service with tangible results. Stephanie has become known to her clients and colleagues as someone who is not only passionate about all things accounting and business, but as a solid relationship builder. Stephanie views her client's business goals as those of her own, creating a unified client experience. Stephanie has her Masters' Degree, in Accounting and Financial Management. She carries several certifications in QuickBooks, including Advanced ProAdvisor. If an oddity arises in QuickBooks, you will certainly find her digging in to solve for it. On today's episode, we discuss a ton with Stephanie, including: Who qualifies for the Paycheck Protection Program How to apply for a PPP loan How to calculate the amount you can receive How to apply for loan forgiveness and when to do so The importance of tracking your spending of the loan funds Books/Resources Girl, Wash Your Face by Rachel Hollis PPP Loan Amount Calculator PPP Funding Tracker Contact Information Guardian Accounting Services Website Guardian Accounting Services YouTube Channel Guardian Accounting Services Facebook Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Investors frequently hear that others are scaling their portfolio, but we rarely learn how. On today's episode, we talk with Whitney Hutten, who went from an accidental house hack to partnering in over $378M in real estate assets by aligning her vision with her husband and creating profitable relationships. We discuss the importance of vetting anyone you work with from turnkey providers and syndicators, to property managers and contractors and talk through all the tough questions one should ask when doing so. As investors, we can't do it all and Whitney shares with us how she leveraged partnerships to grow and build her portfolio. Whitney is a real estate investor and personal finance trainer whose vision is to help thousands of families on their path towards financial independence. After purchasing her first rental in 2002, and hitting a home run, then nearly losing it all on her second deal, Whitney took control and figured out how to invest in real estate the right way. She realized that success must leave clues, so she studied, and using her skills in research and business operations and training, she replicated the very personal finance and wealth creation strategies the wealthy use to create financial freedom. Today, Whitney is a partner in $378M+ of real estate assets, including 3,000+ residential units (SFR, MF, MHP, and assisted living) and 1,430+ self-storage. She loves trail running, mountain biking, climbing and camping (really anything outdoors!). She's passionate about spending time with family and friends. Fun facts about Whitney: She was a Division I soccer player (played overseas when at 14); first (almost 2nd degree) black belt in Tae Kwon Do, and literally had to rip out her own hair on a big wall climb in Canada to free herself. In a previous work life, Whitney worked as a public health epidemiologist investing disease outbreaks and working in bioterrorism. On today's episode, we discuss a ton with Whitney, including: – Transitioning between assets classes – The importance of running your own numbers on a turnkey property – How to leverage your relationships to find and fund deals – Ways to prove you have the experience to sponsor a syndication – The positive outcomes of being aligned with your partner Books/Resources The One Thing by Gary Keller and Jay Papasan Cash Flow Quadrant by Robert Kiyosaki Investing For Good Podcast Contact Information GoodEggInvestments.com Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Probate real estate is a unique investing strategy and requires a certain type of investor to close a deal but once you understand the process, it can be a great way to build your portfolio. We are excited to sit down with Sharon Vornholt, investor and educator, to discuss the lessons she's learned during her 20+ year investing career and the ins and outs of probate investing. We cover so much with Sharon like how she got started investing in probate deals, how she had to completely change her business model during the 2008 recession, and the skills you need to speak with sellers who just lost a loved one. We also delve into the specific marketing strategy needed for this type of niche and the four pieces of information needed in a good lead. Sharon is truly an expert in this niche and offers up a ton of great tips to succeed. Sharon Vornholt is the owner of Innovative Property Solutions in Louisville, KY. She owned and operated a successful home inspection business for 17 years, while also investing part-time for over a decade. Sharon was originally a rehabber and a buy and hold landlord. When the market crashed in 2008, she became an “accidental wholesaler. Sharon has purchased more than 100 properties. Today her passion is in teaching others how to stand out in a crowded field. Sharon is best known as a marketing and branding expert for real estate investors, and for her expertise in probate investing. She has helped hundreds of people refine their brand and create customized marketing plans that work. Sharon is also the go-to person if you want to know how to succeed in the probate niche. Sharon is the creator of the Louisville Gals Real Estate Blog, the popular podcast “Let's Talk Real Estate Investing”, and her course Probate Investing Simplified. Sharon hosts several live events each year and is a regular speaker at other events across the country. On today's episode, we discuss a ton with Sharon, including: What is probate investing and how it can be a powerful strategy How to shift your marketing to become successful in probate Tips on how to speak with sellers to land a deal What not to do when following a probate lead Specific steps for how to find deals in your own area Books/Resources Clock Work: Design Your Business to Run Itself by Mike Michalowicz The Pumpkin Plan by Mike Michalowicz Freebie – Probate Investing Starter Kit Probate Investing Simplified Contact Information Louisville Gals Real Estate Blog Let's Talk Real Estate Investing We are so beyond EXCITED to share that we are hosting the first ever Real Estate InvestHER® Summit on Friday, June 12th! We are bringing together KICK ASS InvestHERs to share their knowledge and experience to help you take your real estate investing to the NEXT level! You will learn how to creatively finance deals, construction strategies, how to improve your biz, how create balance in your life NOW and MUCH more!! Click here to save your seat! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Having little money and poor credit doesn't mean you can't invest in real estate; it just means you'll have to be creative. We are excited to sit down with Mercedes Torres, investor and businesswomen, to discuss how she escaped the rat race and completed over 2000+ real estate transactions. We cover so much with Mercedes like how to analyze trends and market conditions, how to create win-wins for both the buyer and the seller, and the biggest lesson she learned from one of her largest failures. Mercedes also shares with us her tried and true letter of intent for off market deals. In her very first two years in the world of Real Estate, Mercedes Torres flipped 24 properties. Now, she has 2000+ real estate transactions to her name. She's appeared on the A&E show Flip That House, graduated from UCLA — and is currently divulging all her life's lessons and real estate savvy to her friends, followers, clients, and connections. If you see her on the town, she'll be sipping a spicy margarita while dreaming up that next big deal. “Family first, then financial freedom” I've heard her say. And she does more than speak those words, she lives by them. In the real estate world, Mercedes is known as a fierce and relentless Latin leader that lives a fully focused and mindful life. She knows how to ‘step away' from work when she's with the fam. And at work, she uncovers solutions that deliver wins for everybody — wins that create lasting relationships built around more than just table talk. She loves nothing more than taking someone from “this isn't possible” to “finally, I've escaped the rat race”. Catch her live every Tuesday on the Epic Real Estate Investing Podcast. She is the Co-Founder & Vice President of CashFlow Savvy. Co-Founder of Epic Real Estate. A lover of life. Relentless. Passionate. Inspiring. Committed. Wife. Mother. Tycoon. On today's episode, we discuss a ton with Mercedes, including: The importance of portfolio diversification The power of teams to grow a portfolio The best way to talk with off market sellers How she learns from her mistakes How to cultivate the confidence to close any real estate deal Books/Resources Think and Grow Rich by Napoleon Hill Contact Information Cashflowsavvy.com Epicrealestate.com mercedes@epicrealestate.com We are so beyond EXCITED to share that we are hosting the first ever Real Estate InvestHER® Summit on Friday, June 12th! We are bringing together KICK ASS InvestHERs to share their knowledge and experience to help you take your real estate investing to the NEXT level! You will learn how to creatively finance deals, construction strategies, how to improve your biz, how create balance in your life NOW and MUCH more!! Click here to save your seat! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Pay off debt first or invest in real estate? That's a question we discuss with today's guest! We are excited to sit down with Lauryn Williams, four-time Olympian, student loan advisor, and certified financial planner, to discuss how you can strategically deal with student loan debt and still invest in real estate and achieve your goals. Lauryn takes the skills learned from her road to gold and applies them to building financial wealth and running her business. We cover so much with Lauryn like student loan payoff strategies, how to break bad habits that limit your success, and the power of being intentional with the way you speak about budgeting and your goals. Lauryn also delves into finance and budgeting apps that help track spending and automate your savings. Lauryn Williams is a CFP® and student loan advisor at Student Loan Planner. To date, Student Loan Planner has consulted on over half a billion in student debt. Prior to joining the SLP team, Lauryn was a four-time Olympian athlete and three-time Olympic medalist. Lauryn owns a financial firm called Worth While and is the host of the Worth Listening podcast. Lauryn has been featured in Journey to Launch, Paychecks & Balances, Financial Grownup, the Student Loan Planner podcast, Trailblazers.FM, Work Your Wealth, and Hope Sports to name a few. On today's episode, we discuss a ton with Lauryn, including: – Which student loan payoff strategy is best for you – The three skills needed to run a successful business – How much money should be in your emergency and financial freedom funds – The importance of time-block your schedule – How to invest in real estate with student loan debt Books/Resources Your Money or Your Life by Vicki Robin and Joe Dominguez Mint You Need a Budget Contact Information StudentLoanPlanner.com Worth-Winning.com Worth Listening Podcast We are so beyond EXCITED to share that we are hosting the first ever Real Estate InvestHER® Summit on Friday, June 12th! We are bringing together KICK ASS InvestHERs to share their knowledge and experience to help you take your real estate investing to the NEXT level! You will learn how to creatively finance deals, construction strategies, how to improve your biz, how create balance in your life NOW and MUCH more!! Click here to save your seat! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Investing in apartment syndications may seem out of reach when you're deep in debt, but today's guest shows us the power of real estate on her journey to financial independence. We are excited to sit down with Megan Lamke on this week's episode! Megan started with over a half a million dollars in debt between her and her husband and through years of determination and sacrifice, was able to become debt free. She did this by house hacking, utilizing the BRRR strategy, and snowballing their debt. After creating a financial foundation, Megan began pursuing multifamily real estate syndications both passively and as a general partner. She shares with us how she is able to do it full time and what she looks for in a great deal. We cover so much with Megan like how she was able to become debt free and what motivated her to live a debt free life, the mistakes one should avoid when tackling debt, and how she transitioned from house hacking to apartment syndications. Megan also shares her daily executable tasks to find investing opportunities. Megan started in the real estate industry working for Wells Fargo in 2008 during the refinance boom for investors. While working full-time climbing the corporate ladder, Megan began house hacking and started implementing the Buy, Renovate, Rent and Refinance (BRRR) strategy in 2011. After working for several fast-growing technology companies, Megan started leveraging her sales and marketing skills to grow a local property management company. That lead Megan to get her real estate license in 2016 and start passively in multifamily real estate syndications. Megan was passionate about becoming 100% debt-free and F.I.R.E. before the age of 35. Together with her husband, they paid off $535,000 in debt including their house in 4 years and 10 months. Now Megan is a licensed realtor in the state of Minnesota and pursues multifamily real estate syndications full-time. On today's episode, we discuss a ton with Megan, including: How her parent's bankruptcy lead to her debt free dreams How to get started in apartment syndications Systems you need in place to invest out of state successfully Specific actions she takes to find deals and her buying criteria The morning routine that sets her up for a productive day Books/Resources Michael Blank Deal Analyzer Miracle Morning by Hal Elrod The Challenging Sale The Real Estate InvestHER Meetup- Minneapolis, MN Contact Information MeganLamke.com Instagram – @meganlamke LinkedIn – Megan Lamke Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Recession proof asset classes might not exist but there are certainly benefits in some over others during markets like we're experiencing today. We are excited to sit down with Corinn Altomare, investor and musician, on this week's episode! Corinn began investing in small multifamily properties to give her the financial foundation needed to pursue her true passion, music. After expanding her portfolio through syndications, she ultimately made a strategic pivot into self-storage given its most alluring aspect of being recession resistant. She now owns and controls over $9 million in real estate. We cover so much with Corinn like the benefits of self-storage during not only a market downturn, but also during an upswing, how to best transition between asset classes, and what to look for in a self-storage facility. Corinn also shares the one thing she would have done differently when first starting out. Corinn Altomare is a classically trained musician turned real estate investor. During her professional career as an opera singer, she performed a diverse range of repertoire spanning the baroque period to contemporary, from pop-up locations in city centers to reverent chapels nestled within European country sides. After 13 years as a vagabond musician, however, Corinn was ready for a new challenge. She found this-ultimately-in real estate. Corinn comes from entrepreneurial parents-her mother founded and ran a Montessori preschool; her father a family and financial planning law practice. Her youngest childhood memories are of accompanying them on daily operations. This early exposure served Corinn well as she pivoted to the realm of IT project management for 5 years. This time was marked by continual growth, training, and development in a world completely different from her previous artistic and entrepreneurial ones. Corinn's next career shift was into real estate investing. As an individual investor, she acquired a triplex in the Francisville neighborhood of Philadelphia. This purchase was followed closely by multiple others within a few very busy years, acquired through syndication with-at first-close friends and family. She jumped into her new roles of owner and property manager across a quickly-growing portfolio. She started her company, Hearthfire Holdings, with her now-husband and business partner. While only dating at the time, after navigating a few investment property purchases, landlording, and hands-on repairs and maintenance together, they knew a formal partnership-in life and business-was in order. Hearthfire Holdings made a strategic pivot into self-storage after 7 years in residential real estate. This decision was made largely upon the assessment of an overheated, overextended market high, and the recognition of an inevitable downward correction. This move turned out to be made just in time, given the impact of COVID-19 on our global economy in 1Q2020. Pre-planning for this shift started in 2017, and Hearthfire Holdings sold off smaller syndications 4Q2018-1Q2019, delivering investor returns of 23-24% IRR. Funds from these sales were consolidated into a successful acquisition of a 35,000 NRSQFT self-storage facility in Lancaster County, PA, in 3Q2019. Hearthfire Holdings maintains a portfolio of commercial and residential multifamily properties in the Philadelphia MSA, which with their self-storage facility represents a total portfolio valuing $9M. On today's episode, we discuss a ton with Corinn, including: - The importance of studying a market when investing in self-storage - The differences between self-storage and other assets classes - How to present yourself to sellers to give yourself the edge over other offers - How the current Corona Virus epidemic is affecting her portfolio and self-storage in general - The complications that come with over structuring your partnerships Want to hear more from Corinn? Join in as she speaks at our upcoming Newtown Square InvestHER meetup on May 27, 2020! Books/Resources Atlas Shrugged & The Fountainhead The Holy Bible The Real Estate InvestHER Meetup- Philadelphia, PA Contact Information Facebook- Hearthfire Holdings Facebook- Corinn Altomare Instagram- Hearthfire Holdings Hearthfire Holdings website Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
With the uncertainty and stress in our current environment, it's important to have a strong and solid mindset and keep ourselves sane. On today's minisode, Liz and Andresa share a list of tips and tricks to outsmart your brain and put yourself in a better position to thrive. As a result of today's minisode, Liz and Andresa encourage all InvestHERs to take one thing they learned from today's minisode and implement it in the next 24 hours! Resources @TanksGoodNews on Instagram The 5 Second Rule by Mel Robbins Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
As investors and entrepreneurs, it's easy to get stuck working in your business rather than on it. We are excited to sit down with Gwenn Aspen, investor and businesswoman, on this week's episode! Gwenn started investing in her early 20s and quickly realized that processes and procedures are crucial in order to scale your business and take ownership over your company. It was then that she started outsourcing property management tasks to virtual assistants and soon created a property management support company with her husband. We cover so much with Gwenn like when to use a VA and when not to, how to find, train and work with virtual assistants and what to look for in a VA sourcing company. Gwenn also shares actional steps for creating Standard Operating Procedures for your business and how she's able to balance it all. Gwenn Aspen is the president of Anequim LLC and Rent Manager Call Center. Gwenn previously was the quality assurance manager at Wistar Group in Omaha, Nebraska which manages > 1,200 doors. Anequim helps property management companies' source and manage remote labor from Mexico as well as helps Rent Manager clients with 24/7 maintenance support and dispatch, leasing and call overflow through the Rent Manager Call Center. Gwenn has a background in the healthcare industry and is a graduate of the University of Michigan. On today's episode, we discuss a ton with Gwenn, including: - The importance of working on your business instead of in it - Why you can't afford not to invest time in creating SOPs - How to scale and grow your business utilizing virtual assistants - How to mitigate the risk of internal fraud in your company - The soft skills needed to manage VAs and nurture the relationship and workflow Books/Resources Rich Dad Poor Dad by Robert Kiyosaki Spent: Sex, Evolution, and Consumer Behavior by Geoffrey Miller Traction by Gino Wickman Contact Information Facebook- Gwenn W. Aspen Anequim.net Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
When investing in real estate, it's important to act with intention by focusing on the end goal. We are excited to sit down with Nicole Rueth, the number one loan originator in Colorado and buy and hold investor, on this week's episode! Nicole started investing in her early 40s while a wife, mother of three, and working full time. She has since intentionally grown her portfolio to 23 units in the Denver area. We cover so much with Nicole like how to analyze economic trends to better understand the market, why it's important to find and vet a mortgage lender to suit your needs, and how to choose between a 15- or 30-year loan to best match your business model. Nicole has a very specific plan in place to achieve her goals and she shares with us how to focus on a model that will efficiently get you there. Nicole runs a successful brokerage business, is a mother to three amazing children, and is in a beautiful marriage all while building her portfolio to 23 units. But it didn't start out that way. Growing up with a single mother, on food stamps, and moving often, Nicole spent a lot of time as a young adult trying to figure out who she was. Along the journey, she invested in the traditional markets and lost during each downturn. Though, she was able to recover through real estate. She doesn't speculate or flip, she buys based on her strict rules and holds for long term appreciation and rental income. She now spends her days sharing everything she's learned because for her, real estate is stability, security, and multi-generational. On today's episode, we discuss a ton with Nicole, including: – How a solid education can help find a good deal in any market – How to find and vet a lender that will advocate for you and your business – Why you should focus on the end goal and design a business model to get you there – Ways you can narrow down your search criteria by understanding tenants wants and needs – The value in having a partnership where you both complement each other Books/Resources YouTube – The Rueth Team Book – Start with Why by Simon Sineck Contact Information www.TheRuethTeam.com Fairway Mortgage Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
In real estate investing, having more units doesn't always mean more cash flow. On today's episode, we talk with Liz Carroll about her intentional journey to financial independence through debt free real estate investing. We discuss the debt free mentality, the importance of matching your investing strategy with your lifestyle, and why she focuses on manufactured homes. Liz also shares the one question you should ask yourself every time you make a decision. Liz Carroll and her husband Dan are debt free real estate investors located on the Oregon Coast. They've built a multi-million-dollar portfolio in the last six years of 14 single family manufactured homes and a four-plex. They focus solving the long-term workforce housing crisis in their county. It's a win for all: the tenants, the employers, the county, the neighborhoods and themselves. Liz is a Certified Financial Coach from Ramsey Solutions, a Certified Life Coach from The Life Coach School and a 200-RYT Yoga & Meditation Instructor from The Purna Yoga College. She combines strong money and life skills with mindfulness in her coaching business, Mindful Money Coaches. She is the creator of the 30-Day Mindful Money Transformation. She and Dan live in the county they serve. Their adult children visit regularly. Liz and Dan bought their first rental house after 3 months of marriage. Liz was 22. They stepped back from real estate investing for a few years while their children were small and they were focused on our corporate careers. On today's episode, we discuss a ton with Liz, including: – Switching from leveraged investing to all cash buying – The power of asking what you want your future to look like and mapping it out – Stepping back in your investing journey to better align with your lifestyle – How to manage your mind so you can build wealth – The importance of intentional decision making Books/Resources Already Free by Tami Simon Financial Peace by Dave Ramsey Total Money Makeover by Dave Ramsey The Soul of Money by Lynne Twist Free Gift Free Coaching Consultation Contact Information liz@mindfulmoneycoaches.com www.mindfulmoneycoaches.com MindfulMoneyCoaches – Instagram Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Learn more about your ad choices. Visit megaphone.fm/adchoices
With swift shifts is the real estate market and economy, it's time to sharpen your axe. On today's episode, we talk with Monick Halm, investor and educator, about the lessons she learned during the last economic downturn and the actions you can take now to best position your investments during this epidemic. We discuss the true meaning of the word “crisis” and how you can poise yourself to take control of your life and the opportunities in front of you by flipping your focus and moving against the crowd. Monick also shares her loss mitigation strategy and how to provide resources to your tenants and serve them in a time of need. Monick Halm is an educator and advocate for women to create passive income streams through real estate investing. Her mission is to assist 1 million women to achieve financial freedom through real estate. She is the founder of Real Estate Investor Goddesses and is herself a real estate investor and syndicator with over 14 years of real estate investing experience in multi-family, mobile home and RV parks, flipping, commercial, vacation rentals, and ground-up development. Together with her husband and her investors, she owns over1300 rental units across 6 states. She is the #1 bestselling author of The Real Estate Investor Goddess Handbook and Wealth for Women: Conversations with the Team That Creates the Dream, and host of the Real Estate Investor Goddesses Podcast. She is also a Real Estate Strategy Mentor, keynote speaker, recovering attorney, certified interior designer, avid world traveler, wife and mother of three amazing kids. On today's episode, we discuss a ton with Monick, including: How real estate saved her during the last downturn when she was pregnant and unemployed How to shift your mindset during times of uncertainty Her biggest investing mistakes and lessons learned The importance of lifelong education Actions you can take now to hit the ground running when opportunities arise Books/Resources Already Free: Buddhism Meets Psychotherapy on the Path of Liberation The Game of Life and How to Play It (Prosperity Classic) Real Estate Investor Goddesses Podcast Real Estate Investor Goddess Handbook; Wealth for Women: Conversations with the Team that Creates the Dream Viral Marketing and How to Craft Contagious Content by Jonah Berger FREE GIFT The Real Estate Success Blueprint: 7 Crucial Steps to Be a Successful Real Estate Investor. Contact Information RealEstateInvestorGoddesses.com Real Estate Investor Goddesses Facebook Real Estate Investor Goddesses Twitter Real Estate Investor Goddesses Instagram How to Survive & Thrive Through Real Estate Virtual Summit: The Strategy and Psychology to Be Successful in this Economic Climate: It's happening April 7-9. For this summit, we brought 12 extraordinary women ( experts in money mindset, economic forecasting, real estate tax strategies, and in asset classes poised to do well in a recessionary environment) to share with you the exact strategies and mindset you need to get on the others side of this economic storm better than ever. You'll learn: How to find the great opportunities that exist in real estate for this market How to psych yourself up so you'll be able to move forward with confidence and take advantage of them What real estate investment opportunities to stay away from too Register for the summit here! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
With COVID-19 upon us, there are many concerns circling the real estate industry. On today's minisode, Liz and Andresa share a list of actions you can be doing right now to work through this strange time to help you have a better grasp on your business and more control over the uncertainty. As a result of today's minisode, Liz and Andresa encourage all InvestHERs to take one thing they learned from today's minisode and implement it in the next 24 hours! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Financial loss can be tough especially when combined with a personal loss like a divorce. On today's episode, we talk with Sonia Macias, a single mom who lost her entire portfolio, about how she went from surviving mode to striving mode to rebuild her wealth and inspire her daughters. We discuss the importance of helping yourself before helping others, transitioning from flipping to rentals, and how she was able to set herself up for success after such an impactful life event. Sonia also shares how she finds deals in today's market and what it's like being a single mom doing it all. Sonia was born in Mexico City and was brought to the U.S. at 9 years old. She now resides in Omaha, Nebraska. Starting to work at a young age, Sonia learned the value of hard work and realized she wanted to do more with her life. After graduating college, Sonia married her high school sweetheart, had two daughters, climbed the corporate ladder in the banking industry, and built a real estate portfolio consisting of many flips and eight rentals. After 15 years of marriage, she asked for a divorce and lost everything they had built together. Financially, she saw a 70% household income loss and knew she had to change things fast. To date, Sonia has done 5 flips and has acquired 4 rentals all in an effort to support her family and show her daughters that where there's a will, there's a way. On today's episode, we discuss a ton with Sonia, including: – How to transition from flipping to buy and holds – The importance of helping yourself before helping others – The difference between generating money and creating wealth – How to overcome an impactful life event and pivot from surviving to striving – How to find and analyze deals in today's market Books/Resources The Every Dollar App by Dave Ramsey Buy, Rehab, Rent, Refinance, Repeat by David Greene Rich Dad Poor Dad by Robert Kiyosaki The Richest Man in Babylon by George Clason The Real Estate InvestHER Meetup – Omaha NE Contact Information BiggerPockets- Sonia Macias Facebook – Sonia G. Macias Instagram – 1guera2014 Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Follow us on Facebook & Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Tax season can be a daunting time for many investors but with proper preparation and education, it doesn't have to be. On today's episode, we talk with Natalie Kolodij, a real estate tax strategist and investor, about choosing the right tax professional, structuring your real estate business from a tax perspective, and her experience flipping mobile homes. We dive deep into the most asked tax questions and discuss how to find the best accountant for your needs and the questions to ask them, items to keep an eye out for on your next tax return, common tax recording mistakes, and a new deduction you definitely want to take. Natalie also shares with us her journey flipping mobile homes and how she found a buyer for a flip hours after she bought it. Natalie is the founder of Kolodij Tax and Consulting, a firm which embraces its tag line of ‘Tax Strategies to escape the 9-5”. A passion for real estate, tax strategy, automation, life freedom, and FIRE led Natalie to launch her firm in 2017. She has gone on to help investors across the country with unique tax strategy and planning to help work towards their REI goals. Natalie started off in real estate the worst way possible- via a guru course. Luckily, only a weekend event was attended, which opened her eyes to the world of real estate investing. After a failed agreement as a wholesaler, she switched gears and began investing in mobile homes in the greater Seattle area. On today's episode, we discuss a ton with Natalie, including: Common tax mistakes to avoid Ways to utilize rental losses strategically Questions to ask a potential tax accountant How to find and flip mobile homes Structuring LLCs from a tax perspective Books/Resources eFile1099.com Go for No! by Andrea Waltz FREE GIFT – Free Tax return review and tax consultation Contact Information Kolodij Tax and Consulting Facebook – Kolodij Tax – Real Estate Tax Strategist Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Losing a loved one is devastating and life changing. On today's episode, we talk with Jill Johnson, who was forced to figure out how to support her children after the lose of her husband. She shares how one home remodeling project turned into a growing real estate investing portfolio. We discuss how investing in real estate allows Jill and her now husband to say yes to family time and allow them to travel for over a month at a time, how to focus on one thing you can do today, this week, or this year to further progress to your goals, and how to find and fund deals in out of state markets. Jill Johnson is a homeschooling, Crossfit loving, real estate investing, mother of five. Jill loves to travel and create new experiences with her family. With her husband and partner, Joe, Jill has grown her real estate portfolio from 0 to 58 units in a little over two years. She invests both locally in her home state of Colorado and out of state in Albuquerque, New Mexico where she utilizes a property management company. On today's episode, we discuss a ton with Jill, including: The importance of investing in yourself and being in tune with your emotions Ways she finds off-market deals in out of state areas How to create systems to make self-management easier How she worked through struggles and avoided becoming a victim The morning routine that makes her the best version of herself for her family and business Hindsight advice for new investors Books/Resources The One Thing by Gary Keller and Jay Papasan Contact Information Via website -Lifesneverdull.com Via Instagram - @lifesneverdull Via email - lifesneverdull7@gmail.com Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? Fix-and-flip New construction Buy and Hold Properties Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Airbnb is a tempting market to tap into but not every property would make a profitable short-term rental. On today's minisode, Andresa shares her top three questions to consider when analyzing a deal to see if it makes the cut. As a result of today's minisode, Liz and Andresa encourage all InvestHERs to take one thing they learned from today's minisode and implement it in the next 24 hours! Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Get out of the employee mindset and start asking yourself how you can make things happen and not can you. On today's episode, we talk systematizing your business so you can focus on your top priorities, shifting your money mindset to land larger deals, and how to calculate risk with Palak Shah and Pili Yarusi. We jump into how Palak and Pili have grown their investment firms and their education companies without sacrificing their families or their selves. These ladies share actionable tips on how to find money, discuss the importance of flexing your risk-taking muscles, and why you should look for the good in failure. We also dive into the unique skills and strengths women bring to real estate investing and how you can leverage them to grow your business. This episode was recorded at PodMax which is an all day in-person event where entrepreneurs have the chance to record as a guest on the top podcast shows in their industry. The next PodMax is February 28th, learn more here! Palak Shah is the founder and owner of Open Spaces Capital that generates close to $1M in revenue. An Engineer by trade, after the birth of her two kids she decided to make the move to entrepreneurship to be able to spend more time with her children. Though Palak has invested in real estate for many years, in her first 3 years investing full-time, she purchased, renovated, rented, and refinanced properties creating a $4M rental portfolio. It is now her passion to empower other women to pursue entrepreneurship through real estate investing to live an empowered and financially free life through Open Spaces Women. Pili Yarusi is a (Wonder)ful woman, amazing wife, loving mommy and awesome human. She has partnered with her equally awesome husband, Jason, and created Yarusi Holdings LLC a large multifamily investment firm. Currently, they are general partners in about 800 units with 250 under direct asset management. Her FOCUS is on large multifamily syndication and asset management. She has a GOAL of 450M in assets under management. Pili's high-level ACTION STEPS are providing her investors with capital preservation by looking for B-C class assets in the 20 – 50M range. Her markets include Kentucky, Georgia and Florida. She runs the Investor and Client Relations branches of both Yarusi Holdings LLC and Multifamily Foundation LLC. Multifamily Foundation is Pili and Jason's interactive education platform for investors to build a strong FOUNDATION with buying Large Multifamily. She loves to play with her kiddos and husband, run, do yoga and Crossfit. She is currently raving about #75hard and her ultimate goal is to host a Mastermind in Maui. She and Jason have three lovely children, Luke, Lily, and Leo, and two English Bulldogs, Jack and Jill. Pili has her NJ Real Estate License. On today's episode, we discuss: - How to find and save money - A framework to think about risk and how to flex your risk-taking muscle - The value in failing fast and seeing the good in failure - How to systematize your business - What women bring to real estate investing Books/Resources Lean In by Sheryl Sandberg Contact Information Pili Yarusi pili@yarusiholdings.com www.yarusiholdings.com The Real Estate Foundation Podcast The Multifamily Foundation Podcast Palak Shah Free training IG: OpenSpacesWomen Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
Investing in real estate and tackling your own home renovation projects may be intimidating but that didn't let our guest stop her from trying. On today's episode, we talk all things DIY and social media with Brittany Arnason, the girl who famously beat Bigger Pockets' Brandon Turner in the race to 100k followers on Instagram. We dive into how Brittany has successfully grown her buy and hold real estate portfolio to 13 units utilizing the BRRRR strategy and the challenges and benefits of being a female in the renovation space. She shares the secrets to growing her Instagram following and how you too can create an active and committed community. For those new to renovating, we discuss the best projects to start with, how to save on costs, and tips to learn more advance skills. At just 18 years old, Brittany Arnason bought her first investment property and has since built her empire through Instagram and DIY renovations. Brittany is all in all the time from analyzing markets and properties, negotiating, and securing the deal, to designing the spaces, getting her hands dirty on the renovations, and ultimately managing the unit and refinancing. To fight back against those who say girls can't renovate, Brittany began documenting her journey on Instagram and has since grown her following to over 110k followers. There she shares tips and tricks on her DIY projects, beautiful before and after photos, and inspiration to investors everywhere that you too can figure it out. Brittany Arnason lives in Saskatchewan, Canada and loves to spend her time away from DIYing with her friends and family. She also loves to travel, making sure she carves out the time for 4 or more trips a year. On today's episode, we discuss a lot with Brittany, including: - How you don't need formal experience to tackle your own renovations - The importance in knowing renovation costs - How to crowdsource information from your social media community - Tips to add value to your social media audience and grow an engaged following - How to streamline your business to focus on your strengths Books/Resources The 4-Hour Work Week by Tim Ferriss The E-Myth Revisited by Michael E. Gerber Contact Information IG - @investorgirlbritt Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? · Fix-and-flip · New construction · Buy and Hold Properties · Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Android • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices
For many real estate investors, the hardest real estate deal to complete is often the first one. Not only do newer investors lack the knowledge and experience, but they also experience a ton of fear and uncertainty as they navigate this business. Well, on today's episode, we have one of our amazing InvestHER Meetup Leaders, Stephanie Banno, with us discussing how she finished and sold her first real estate deal while working full time and long distance! During today's interview, we discuss how she found her first deal, how she leveraged relationships, how to find and talk to distressed sellers, how to utilize virtual assistants, and how to manage expectations as you get started! Stephanie Banno is a partner of Yellow Dog Property LLC in Austin, Texas. She began her real estate investing career last June by attending a real estate conference. After attending the event in June, she started networking with as many people as she possibly could via social media. She began making offers on single family homes in San Antonio working with a great agent in the area. She was able to successfully acquire a preforeclosure 2 bed/2 bath house in San Antonio with a JV partner that only required cosmetic repairs. It took about a month to get it ready to put on the market and they had 6 offers in 72 hours. They successfully closed on their first deal and are in full steam ahead to find new deals! Stephanie also leads the Austin chapter of the InvestHER Meetups (there are 22 chapters in the USA and growing!) On today's episode, we discuss a lot with Stephanie, including: · Working full time and investing in your first deal long distance · How she found her first deal · How she leveraged relationships · Managing expectations when you get started · How to find and talk to distressed sellers · How to find VA's to have higher level discussions with distressed sellers Contact Information · Reach out to Stephanie - yellowdogpropertyllc@gmail.com · Yellow Dog Property · The Real Estate InvestHER Austin Meetup Books/Resources: · The Four Agreements Looking for Funding? Ladies, you need to check out Fund That Flip! We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. To date, they have helped hundreds of real estate investors grow their businesses by funding thousands of deals. You deal directly with them, getting your deal funded in as few as 10 days. 85% of their customers come back to do more business with them because of their dedication to exceptional service. It's why they were named No. 42 of Inc.'s fastest-growing companies in America. What do they fund? • Fix-and-flip • New construction • Buy and Hold Properties • Cash-out refinance projects from 1-4 units Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Andriod • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 3k meetup members attending 20+ InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices
Most of us are constantly trying to figure out new marketing strategies for getting our “name” out there and standing out from all the other real estate investors like us. Well, we are thrilled to sit down today with Kendall Krawchuk who is the VP of Marketing for one of the fastest-growing companies in the country, Fund that Flip. During this jam-packed interview, we discuss the most important things to do when it comes to marketing, how to differentiate yourself from the crowd, why you should create customer personas, how to choose your social media outlets, and time-saving apps to use immediately! Kendall Krawchuk is the vice president of marketing at Fund That Flip, an online platform for investing in short-term residential real estate debt. Kendall has extensive experience in product and solution marketing with a focus on the fintech and real estate industries. Previously, she led the global marketing strategy for an integrated suite of real estate investment management software. Kendall is a newly-minted real estate investor herself, having house-hacked her primary residence with her husband, and also just closed on her first rental. On today's episode, we discuss a lot with Kendall, including: · What is the most important thing to do in marketing · First step to differentiating yourself from the crowd · The importance of creating “customer personas” · How to determine which social media channel to focus on · Time saving apps to use in marketing Contact Information · Fund that Flip is a proud sponsor of the Real Estate InvestHER Community! They design custom lending solutions for all types of residential investing – from flips to rentals to new construction! Learn more about how you can get money off your next real estate closing with Fund that Flip! https://info.fundthatflip.com/investher · Kendall Krawchuk – kendall@fundthatflip.com Books/Resources: · Super Fans by Pat Flynn · Start with Why by Simon Sinek InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. • Subscribe via Itunes • Subscribe via Andriod • Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 3k meetup members attending 20+ InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices
While luck may play a part, the most successful people are constantly looking for opportunities and paying attention to when opportunities present themselves. One of these great opportunities that continues to thrive is providing debt for fixers and flippers. People are constantly buying assets, rehabbing them, and selling them, making this a great option for investors. Our guest for today is Matt Rodak who is the Founder and CEO of Fund That Flip, which is a venture-backed platform for real estate investing. Fund That Flip has actively funded several million dollars of transactions all across the US, in which they provide liquidity to borrowers. Investors who are the lenders in these transactions can earn healthy returns with minimum investments as low as $5,000. Today we are going to discuss... How our guest went about raising VC funding for an idea What markets our guest is consistently seeing opportunities in Why some data points about shrinking markets in the US may be misleading The difference between dealing with institutional investors and individual accredited investors Learn more about our guest: Website: fundthatflip.com Subscribe in iTunes. Click here to access our investment opportunities.
Meghan, a 14 year veteran of the fire service, left as a chief to invest in real estate full-time. She currently owns a 43 unit portfolio including a 29 unit apartment building. She calls Chicago, more specifically Evanston, home and lives in her first house hack. She is a buy and hold investor and recently started up two new companies unlike anything in the investment or education fields. Tigon Education was created to eliminate the noise, fluff, and salesmanship in trying to find online education in the realm of real estate. The other company, Liger Investing, is a real estate investment company that will work with the students and investors that come through Tigon Education. Meghan is passionate about educating others and eliminating the noise. On today's episode, we discuss a ton with Meghan, including: • Why to stop saying to someone that you want to “pick their brain” • Learning what “currency” you have to bring to the table • How to explore what skills you already have to apply to investing • Importance of risk analysis in investing • How to choose a mentor • Why to look beyond the “property” and look to the “market” • Why you should have 3 plans for your investments Reach out to Meghan: https://www.facebook.com/meghan.mccallumre.1 Books/Resources: • Risk Intelligence by Dylan Evans Malcolm Gladwell books Gifts of Imperfection and Dare to Lead by Brene Brown Check out the Real Estate InvestHER Podcast Episode with Kathy Fettke She's Unstoppable Live! Conference: SHE'S UNSTOPPABLE LIVE! Is the FIRST and ONLY real estate conference designed specifically for women agents who want to revolutionize the way they sell and grow their real estate business. So, join us on April 9-10 for an experience like none other and get your ticket at its special price of $149!!! (This is a savings of $200 off ticket prices). You can Use Promo Code: INVEST149 ➡ ShesUnstoppableLive.com Looking for Funding? Ladies, you need to check out Fund That Flip! Real Estate Loans, Simplified. We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. Their online application means instant feedback and a 24-hour turnaround time for funding commitments. They are a direct lender with a diverse capital base, giving you optimal deal structure flexibility. What do they fund? 1-4 unit fix-and-flip Ground-up construction Rental bridge Cash-out refinance Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome back to another MINIsode of the Real Estate InvestHER Show. These MINISODE episodes will be 10 minutes or less and be a real life story from Liz or Andresa! This week, Liz shares tips and strategies to be more effective when “enrolling” potential private money partners. She shares a story when she met one of her first private money partners and the importance of “ALWAYS be networking.” Today's minisode powerhouse lessons include: Always be prepared with your goals and your elevator speech Seek to FIRST understand then to be understood Stay in touch and stay in FRONT Don't be afraid to “ask” for the business. Book recommendation: Raising Private Capital: Building Your Real Estate Empire Using Other People's Money by Matt Faircloth Looking for Funding? Ladies, you need to check out Fund That Flip! Real Estate Loans, Simplified. We are excited to tell you about Fund That Flip, a company we are very proud to call our sponsor. Fund That Flip is the leading provider of fast, convenient, affordable capital for experienced real estate investors who buy and rehabilitate residential properties. Their online application means instant feedback and a 24-hour turnaround time for funding commitments. They are a direct lender with a diverse capital base, giving you optimal deal structure flexibility. What do they fund? 1-4 unit fix-and-flip Ground-up construction Rental bridge Cash-out refinance Real Estate InvestHERs, Get $500 towards your next closing! Check them out by visiting – www.fundthatflip.com/investher InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below! Learn more about your ad choices. Visit megaphone.fm/adchoices
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