Thu, 25 February 2021
For today’s episode, I am happy to host Dave Dubeau, a real-estate investor, investor attraction expert, and a best selling author based in British Columbia, Canada. Dave famously began his career back in 2003, doing 18 deals in 18 months, and has continued to grow ever since, doing a remarkable number of client-first, rent-to-own deals, and later investing in multifamily properties. He is truly a master at what he does and has a proprietary 5 Step Money Partner Formula with which he continues to help his clients grow their portfolios significantly in record time by attracting investors.
Dave gives an insight into his childhood when he used to live in a 6-plex, where there were always tenants around, and the idea of rentals was not alien to him. He also gives credits to his mother, who was no slouch at real estate investing herself and racked up a sizable portfolio of over 50 doors while being a working mom. So, the seeds of real estate investing were planted into his mind from an early age.
Dave recalls that when his daughter was getting to school age, they decided to move to North America since it offered better opportunities and a safer environment for kids to grow up in. So, they moved to Canada and started all over again from scratch in 2003. He remembers coming across a Ron LeGrand commercial, saying that you could get into real estate investing with little or no money down, and thinking to himself that it’s perfect because that’s exactly what he had. He immediately took it to action and did 18 deals in 18 months.
Dave then went on to work with a real estate guru, who was pretty much the Canadian version of Robert Kiyosaki who saw what he was doing with marketing and other business dealings. He became the Director of Marketing for his companies and helped him grow from two employees to 128 employees with seven branch offices, clocking in $200 million a year.
Dave shares his non-conventional ways of making deals like instead of starting with the house, and then trying to find somebody for that house, he starts by finding the person and then buying a house for their requirements. He shares his philosophy of raising capital. He says, when it comes to the chicken and the egg, which comes first, the money or the deal, he says the money always comes first, which means that before you go around trying to make deals, you’ve got to have the capital to back you up. That's when you can go after the best deals, that's when you can negotiate the hardest, that's when you can go in with the Mojo because you know, you've got the money to back you up.
Dave then goes ahead and gives a glimpse of his 5 Steps Money Partner Formula. Step number one is to come up with a list of prospective investors, a list of 150 to 200 people. Hit your cell phone, take a look at your contacts, email, Linkedin, and all other profiles, and start making a solid list. Then, reconnect with these people. Before talking business, build a genuine relationship and gradually find out if or not they could be a potential investor. You’ll probably get 30 to 50 replies out of that list you’ve made.
Step number two is to go with a good presentation for when somebody puts up their hand and says, hey, I'm interested, tell me more. Most people aren't super experienced with raising capital as they aren't natural salespeople. So having a really good, well structured, well-laid out, attractive slideshow presentation can serve you very well.
Step number three is all about marketing. Dave stresses the importance of constant, consistent communication. Ideally, you want to be reaching out to your list of prospective investors once a week, but at the very least, consistently do it once a month. Keep in mind that the person coming in may not care about real estate investing, but they do like the idea of getting a good return on their money.
Step number four is all about demonstrating your authority and credibility. You only need to be seen as the expert, as an authority in the eyes of those people on your list. Again, keep in mind that the vast majority of those people have never purchased a single revenue property. So, if you even have closed one deal, you're already light years ahead of them. When you're meeting with somebody, even if it's on zoom, and you're talking about money, dress up professionally and show them respect. Dave advises that people speak knowledgeably about your strategy and your market.
Lastly, step number five, once you get a couple of investors on board, it's so much easier to get more of them with effective testimonials and referrals. If your investors are happy with what you're doing for them, if you do it properly, you can get referrals and testimonials from them, which will greatly boost your growth. Dave says that he firmly believes that a good real estate deal is the best way for everyday folks to make an above-average return on the money, backed by a solid, tangible asset, a real property.
What a fabulous episode of the Just Start Real Estate Podcast! So much great information and value from this wonderful conversation with Dave Dubeau!
“If I were going to write a book on the keys to success, there would absolutely be a chapter on self-awareness.”
“Instead of starting with the house, and then trying to find somebody for that house, we start by finding the person and then we buy them a house.”
“Find a good deal and the money will find you.”
“You need to turn every conversation into a real estate conversation. You have to get out there.”
“I always tell people the best time to raise money is when you don't need it.”
“When it comes to the chicken and the egg idea, which comes first, the money or the deal? I say that the money always comes first.”
“When it comes to raising capital, especially for people who are just getting started, just go after the low hanging fruit.”
“Marketing is all about having constant, consistent communication, so we're planting the seed of real estate investing.”
“When you're meeting with somebody, even if it's on zoom, and you're talking about money, dress up.”
“I think it is really important to say that you firmly believe that a good real estate deal is the best way for everyday folks to make an above-average return on their money, backed by solid, tangible property.”
Direct download: How_to_Raise_Money_for_Your_Deals_with_Dave_Dubeau.mp3
Category:general -- posted at: 3:30am EDT
Mon, 22 February 2021
For today's episode, I'm absolutely thrilled to welcome Jimmy Murray. Jimmy is a millennial house hacker turned corporate dropout, a specialist in flipping 2-4 unit multifamilies, and the Co-Founder of Lyon Property Management Company that operates across Rhode Island and Southern Massachusetts. Jimmy also co-hosts the Cashflow Kings Podcast along with fellow millionaire investor Frank Patalano.
Jimmy opens up and talks about his childhood and that his family had no background in real estate investing. His dad was a contractor, one of the best finish carpenters in New England, he said his dad did not want Jimmy to end up like him. He frequently advised Jimmy to take up some books and start learning and he always insisted that everyone must work smarter, not harder. Jimmy credits his parents with his strong work ethic that was instilled in him from a very young age.
Jimmy went on to get a degree in finance, but his mind was on starting a business to buy multifamily properties. He remembers the dismissal he received when he presented this idea to his father, who thought it was nothing but nonsense. Jimmy was certain that multifamily would help set him up financially, and when he finally did buy one, his dad told Jimmy that he had made the biggest mistake of his life. He conveys the idea that even though parents are acting out of their love and are simply trying to protect you, you can be set back by their opinions, especially if it concerns a topic they are not aware of. Jimmy stresses how important it is to realize that you need to continue to follow what's important for you and educate yourself. Jimmy claims that anyone capable of elementary mathematics could get into investing in multifamily properties.
Initially, Jimmy says his goal was to make it to Wall Street, make a ton of money, and eventually get into real estate. Jimmy then landed a dream job with a huge private firm after graduation, only to realize that it was not his dream job. The job definitely set him up financially, though, and made him capable of venturing into the real estate world.
On starting a company of his own after quitting the corporate job, Jimmy shares that it can be a struggle to focus on the right things. There are some things that naturally we like to do and we really need to have this self-awareness. There are other things that we don't want to do, so for those tasks, Jimmy recommends hiring people as quickly as possible. Along the way, it is helpful to make a list of the things you most enjoy and the things you least enjoy, so you can hire appropriately and start to pivot as you grow your company.
Jimmy said the biggest thing is actually making the jump. People always hold themselves back, thinking about hitting rock bottom. But the truth is, if you really screw up and you hit that rock bottom, you can always rebuild, and you just gotta figure it out, and you gotta be willing to put in the work. Being successful is really about having the right systems in place and recognizing what's really important that you need to jump on right away. Jimmy stresses that real estate is a relationship-based business and it is very important to network and build strong relationships with your tenants and contractors.
We talk about his podcast, Cashflow Kings, and Jimmy shares the goal has never been to monetize the podcast, but use it as a way to give back and educate other investors. Jimmy lets us know that financial freedom is a massive thing for him. Having financial freedom over your time and assets is huge. He says it is easy to become a millionaire in the stock market, but it's much more exciting for him to leverage his retirement assets to invest in real estate.
His thing is to just wake up every day and take action. He recalls listening to a guest on the podcast who said that massive actions equals massive results. And that's one of the things he puts to work every single day, go out, take action, and you're going to learn a tremendous amount. That's what's really going to fuel your growth.
You do not want to miss this fantastic episode of the Just Start Real Estate Podcast that is packed with actionable advice! Just a ton of truth bombs to learn from in this engaging and educational conversation with Jimmy Murray!
“If you can add, subtract, and divide, you can buy multifamily.”
“Now that I know what I know, I would have tried to leverage everything to the hills to really grow the portfolio to gain that momentum.”
“If I could go back and talk to my 2008 self, I'd go, dude, you need to figure it out, raise money, buy properties, and build a portfolio.”
“My whole life is guided by the books that I read to shape my mind.”
“My advice would be to lean on other people that have had that experience. Ask them what the feeling was, what was the big thing that got them over the hump.”
“If you really screw up and hit rock bottom, you can always rebuild. You just have to figure it out and be willing to put in the work.”
“I like unstable buildings because that's where you really create the value as an investor.”
“You need to take care of your tenants, because your tenants are going to take care of your cash flow.”
“I think that COVID introduces a whole another layer of complexity in terms of structural changes that we'll see in the market.”
Direct download: Quitting_Corporate_Life_with_Flare_and_Flipping_Multifamily_Properties.mp3
Category:general -- posted at: 3:30am EDT
Thu, 18 February 2021
For today’s episode, I’m excited to welcome real estate investor, developer, and founder of LiveFree Investments, Logan Freeman. He has found his niche in the industry acting as an investment property specialist, actually representing buyers instead of sellers in the transaction process. Completing over 120 transactions in less than a year, Logan relies on his established processes and priorities to guide his profit-producing activities. He continually invests in himself so that he can provide great value to his investors, making sure to pivot and listen to what the market is providing. Logan is also the host of the LiveFree Investors Podcast where he interviews business owners and investors from around the country.
Logan first shares his background story with us. He finds his home town to have more of a fixed mindset and says he’s always had a growth mindset. He believes this fixed mindset was ingrained in him because of two reasons, which he is still reflecting on. His mother worked two jobs to provide for their family. And that was one reason he thinks that even though she's not really a growth mindset type of person, she did what she had to do. And then the second one is that his dad, from an early age, instilled in him the feeling that you can do whatever you want to, but you have to set your mind to it.
Logan talks about the menial jobs he had when he was a teenager and the lessons they taught him. He also talks about the role that playing sports had in his life. He had the awesome opportunity to play football both in college and in the NFL, and he shared the difficulties related to this, but also how it shaped who he would become. In the course of a six month period, he got cut from the NFL, was no longer an athlete and had to find his identity, lost 120 pounds, went back to school while working full-time, and he lost his father after a long battle with drug and alcohol addiction. It was a very tumultuous period for Logan, but really formed his journey forward.
Logan shares how he completed his first live-in flip in 2013. He discusses the different ways he found the money to finance his real estate deals and how he expanded into the multifamily market. Logan also discusses more creative financing options such as a Delaware Statutory Trust Structure (DST). We also talked about affordable housing and how Logan uses it for his business.
Logan takes the time to explain the concept of syndication to our listeners. Logan’s favorite book on this topic is Principles of Real Estate Syndication by Samuel K. Freshman. He calls it “the textbook for syndication” and he tells us how it helped him immensely in building the sector of his business. Logan talks about the different ways that his company, Live Free Investments, works with investors in the Kansas City area. They act as a broker with their clients, placing the tenants, managing the property, and providing visibility into any rehab work that needs to be done. They also are involved in equity syndications, sourcing investment opportunities to investors which allow them to be part of an asset class they may not have otherwise been able to invest in.
Don’t miss this incredibly honest and informative conversation with businessman and podcaster, Logan Freeman! Make today the day you become a faithful listener of the Just Start Real Estate Podcast as we provide you with insight into actionable real estate investing and business development wisdom!
“What I learned as I was going through collegiate sports was that you get to affect your results and you are impacted by the decisions and the choices that you make.”
“I'm a big believer that I can't sell or be a part of something I don't believe in.”
“There are certain types of investors and there's a big difference between active and passive investors.”
“I created what I call a capital raising machine. It all starts with reputation, leadership, and visibility. ”
“I have built a massive following of over 10.5K people on LinkedIn that engage with me on a regular basis.”
“It's my job as a real estate broker to build relationships with sellers.”
“People want to understand who you are. People invest in a person, not necessarily a brand unless you are Apple or something.”
Direct download: From_the_NFL_to_Huge_Commercial_and_Multifamily_Success_with_Logan_Freeman.mp3
Category:general -- posted at: 3:30am EDT
Mon, 15 February 2021
I'm excited to welcome fellow real estate investor, Aaron Chapman for today's episode. Aaron is a successful branch manager at SecurityNational Mortgage Company, a veteran in the finance industry since 1997, a real estate entrepreneur, and a popular podcast guest. He is also the author of four books and dozens of magazine articles. Join us on the show today as we discuss the incredibly inspiring journey Aaron has taken in life, as he shares the hard work and determination that went into starting and growing his successful business.
Aaron shares how he had spent his high school years on a cattle ranch where he learned basic business methodology. He left high school halfway through his senior year and went to work in mining and oil fields, ran heavy equipment, and drove a truck. He recollects the opportunity to be 700 feet underground, drilling and blasting and playing with explosives and says he loved it! He enjoyed the toughness that the role offered him.
Aaron was referred to the real estate industry by someone he just ran into and, since then, has never stepped back. Though his initial days were hard, and he barely got one deal a month, he stuck with it. He explains that he took a job as a telemarketer during this time to help pay the bills. He absolutely despised this job, but it taught him the art of the sale. Aaron also learned that communication and conversation can really help you succeed in business.
Aaron explained that he worked in many different jobs and really struggled as he tried to make real estate investing work. He worked in long haul trucking and as an equipment operator, working very long hours and sleeping very little, but he was committed to finding a way to make investing work for him. The real turnaround happened for him at the end of 2018 and from there, it was an incredible journey forward. He now has a group of 30 employees, closed 145 transactions last month, over 1,100 so far in 2020, and is on track to do 200 transactions a month soon.
Aaron takes the time today to talk about how inflation is a crucial factor that determines your cash flow and how you can make the best out of changing times. For instance, he has seen as much as a 17% decline in rents just during the COVID situation and it is vital for an investor to be able to pivot based on the current market. Aaron and I do some math to get you an idea of how things work in practice. He also shares why real estate investors these days fail and strategies they need to look into. Aaron stresses the importance of being creative and always analyzing the deal before jumping in.
Aaron also shares about his other interests. He really enjoys sharing videos on his YouTube channel in order to share information and help others. Writing his books has been very gratifying and he hopes to be helpful as well to others through this medium. He also shares his love for going outdoors. He loves hunting, fishing, and hiking.
I absolutely loved this conversation with Aaron today, for the wealth of knowledge that he shares on various topics and the amazing life he has made out for himself. Do not miss this awesome episode of the Just Start Real Estate Podcast with successful author and businessman, Aaron Chapman!
“Good judgment comes from experience and experience comes from bad judgment.”
“I just want to produce, I want to talk to investors, I just want to help them become successful in their investments. ”
“I found that if you try to be everything to everyone, you become nothing to no one. ”
“The biggest thing I have noticed is that new investors are initially focused in the wrong direction. They go at it from a consumer’s perspective, like they're spending money and going into debt.”
“I tell investors to look at me as not just a lender. We close loans. But I'm also here to give you things to consider from a financial perspective, as you're making decisions about your business.”
“Be patient, be deliberate, take the time to understand what you're getting into, and look at it from a CEO perspective. ”
“I am violently opposed to failure. And because of that, I am very, very interested in ensuring the success of those I work with.”
Direct download: Using_Inflation_Calculations_as_a_Buy_and_Hold_Sucess_Strategy.mp3
Category:general -- posted at: 3:30am EDT
Thu, 11 February 2021
Today, I am very excited to interview Mario Fachini, who is the Founder and CEO of Mario Fachini Consulting and is a sought-after motivational speaker, author, and marketing trainer. He is also the Founder and CEO of Freedom Platform Wordpress Website Builder, and the popular podcast host of The Expert Authority Effect Interviews. Mario helps to educate other marketers through coaching and training on how to start up successful marketing companies of their own and attract clients by using systems and leverage. Mario discusses the numerous advantages of publishing your own book, entrepreneurship and how to become successful at it, and why you should always strive to be the best at your field of business.
Mario first shares his thoughts on whether entrepreneurs are born or made. He says it's a personal choice. Mario shares his background story and explains how he's done all he could to make money, including power-washing, painting, lawn maintenance, and care, all since the age of twelve years old. Mario's parents gave him the freedom to do whatever he wanted as long as he paid for it. That has helped him always strive for more and enjoy great success in both his business and personal life.
Mario then talks about his continually changing dreams and ambitions in life. He initially wanted to be a doctor when in grade school, an FBI or CIA agent in middle school, and in high school, he wanted to become a lawyer. Mario discusses how college was the denial stage for him. At twenty-five years old, after becoming a lawyer, he continues to explore different projects such as producing commercials, music videos, and video content for people as part of their marketing strategy.
Mario says you get to choose what you want and whom you want to attract. He makes us realize that there are endless things we can do in life if we wish to. He shares why publishing a book is way easier than doing a podcast and is more effective than printing business cards to share with clients. People want to know the real you so that they can connect with you and writing a book is perhaps the most effective way of doing that.
We discuss why it is imperative to strive to be an expert at what you're doing. It is important to surround yourself with people who are further along in their business journey so that you have them to look to as role models and have something to strive toward. Continuously expanding and refining your knowledge is essential to growing your business!
We also dive deeper into marketing and promotion and learn why it is paramount for scaling your business. Mario discusses the kind of books he has written, such as business books, specific nonfiction books, and business books distinct to help people with generating profit, finding leads, networking, and growing their businesses.
Don’t miss this super interesting conversation with marketing expert, Mario Fachini! The Just Start Real Estate Podcast continues to deliver excellent content to help all of its listeners start, grow, and scale their businesses in order to achieve financial freedom… join us today!
“There's something you have that you can lead with right now in marketing. You don't need to do anything else or refine it - just lead with what you have and grow and enjoy the journey over the next six to twelve months.”
“I was turning everyone into clients because it was easy. And I knew they wanted to be on this ride.”
“You get to choose what you want and who you want to attract.”
“But the whole ‘should I get a job or start a company’ thing? I think that is a very personal choice.”
“For every minute someone puts into marketing, it's going to amplify it at least 10 times over. ”
“Everyone has business cards, anyone can talk a good game, but not many people put the time and effort into whatever they are passionate about.”
“People don't want to do business with corporations and entities. They want to do it with people. Show them your person.”
“I don't think any of us have a problem being critical of ourselves.”
“The point is, you get to choose what you want and who you want to attract.“
“On the business aside, it's like, ‘what are we doing here?’ It is important to serve and be in community with each other. “
Direct download: Business_Book_Publishing_-_Why_You_Should_Write_a_Book.mp3
Category:general -- posted at: 3:30am EDT
Mon, 8 February 2021
For today's episode, I'm excited to welcome engineer turned real estate investor, Jacob Ayers. Jacob is the managing partner of Ayers Acquisitions and host of The Real Estate Way to Wealth and Freedom Podcast. He started buying real estate in 2015 and has grown his portfolio with multifamily properties. He joins us today to discuss his fantastic journey in real estate while he continues to work his full-time engineering job.
First, he shares his background story with us and how he got the “stable, corporate job” mentality from his parents like so many of us do. His parents were entrepreneurs, but they considered themselves lower to middle class and wanted Jacob to have an excellent, long-term, meaningful corporate job.
Jacob shares with us the reasons he decided to start investing in real estate. He says that he did not find any milestones to complete while working on his full-time job and wanted to make more out of life. He could only see retirement looming far down the road of his life and had a deep desire to do something more.
Jacob also talks about his interest in houses and how his engineering mind always wanted to fix and feel things, drawing him into the industry. He decided to take the risk and invest in it. Jacob bought his first rental property in July of 2015, which was a single-family home in his home market of Oklahoma. Jacob shares the details of the purchase, how he financed the deal, and the specific costs and how much he was able to rent it for.
Jacob then discusses the financial sources he uses to help himself in the business. He generally uses traditional financing routes, either the conventional Fannie or Freddie loans or local lenders with portfolio loans. We also discuss how to find the right marketing channels for your business. Jacob says he uses local Facebook pages while explaining how it has worked for him in the long run.
We get to know the quick check filters Jacob uses to decide whether or not you want to dive deeper into a property. Jacob investigates what type of property it is, its rent-to-value ratio, and whether there are any value-add opportunities in the property.
Toward the end of the interview, we learn about Jacob's favorite podcasts and why he chooses them over certain others. He really loves the Get Rich Education podcast by Keith Weinhold and suggests that all the listeners should check it out.
Join us for this power-packed conversation with the very knowledgeable and ambitious engineer-investor, Jacob Ayers. Do not miss out on this awesome episode of the Just Start Real Estate Podcast!
“I was born and raised with this blueprint: Go to school, get good grades, so you can get into college, study something hard, so you can get a good, stable day job.”
“I started going down this rabbit hole of personal finance, and I just found myself naturally drawn to real estate investing.”
“Over time, I found myself becoming more entrepreneurial, trying to build up a real estate portfolio and strive to be that full-time entrepreneur.”
“I'm not one of those guys who just is absolutely miserable at work and hates my day job. I got into this because I like it and I've got that engineering mind.”
“If we look at our schedule and look at what we're spending time on, I guarantee we are all wasting a lot of time.”
“Being comfortable is a very easy place to be in, but you're not going to grow being in that place. That's where I think a lot of people find themselves.”
“I think sometimes people are born entrepreneurs, but they're not put in the right environment, they're not given the right stimulus for it to come out.”
“I've got a pretty good way of just breaking things down step by step, tackling things one day at a time, one most important next step at a time”
“I see myself in three to five years really growing and scaling this to a significant size, achieving financial freedom, building wealth along the way, and living life on my own terms.“
Direct download: Investing_in_Multifamily_While_Working_Full-time_as_an_Engineer.mp3
Category:general -- posted at: 3:30am EDT
Thu, 4 February 2021
For this episode, I am happy to welcome real-estate investor and multi-family syndicator, Ola Dantis. Ola is also the host of the Dwellynn Podcast, with which he unpacks real estate investing strategies and helps people start or continue their journey toward financial freedom.
First, Ola shares his background story with us. He shares how his real estate business started with an invite from one of his friends who wanted him to join his company. Since then, there has been no stepping back. As Ola realized the opportunities and financial liberty this profession gave him, he dove deeper to explore every possibility that could be.
Ola shares how he achieved the success he has today and how it all started with the book Rich Dad Poor Dad by Robert Kiyosaki. He also shares how he financed his first deal. Ola talks about his experience dealing with contractors and why it hasn’t mostly been a very good experience for him. He used to visit the site he undertook almost every day, and this was not very welcome to the contractors he dealt with.
Related to this, I talked about why it is good that you keep an eye on the work that is going on at a site because that is when you realize the littlest things you could save on or could be saved from being misled on. Ola also talks about transitioning his business to making bigger and bigger deals and how he mastered the skills needed to soar in the industry.
Ola also discusses the importance of having a good partnership. The quickest way that helped him scale his business well was understanding his business partners. He also shares the massive role of a mentor in shaping your career for the good and why investing on that end would always benefit you in the long run.
One other key point of discussion is the importance of branding in growing and expanding your business and how you can put that into practice. Ola says branding has a crucial role in his business and shares how he uses social media platforms like Instagram to engage with the audience and get his brand to rank high in the search results and feed. He shares his research and the results of social media algorithms and using them to your advantage and why putting out five Instagram stories a day can massively help you in that.
Join in the conversation today as successful investor Ola Dantis shares his wealth of experience with you in order to help you succeed in your real estate business. You don’t want to miss this fantastic episode of the Just Start Real Estate Podcast!
“Success never comes in a golden box with a red ribbon around it.”
“So I did fantastically well with this duplex and I was like, I think I should do more of this.”
“You have to be obsessive to be successful.”
“I did not have the temperament. I was a perfectionist. I was always on site every day.”
“I always tell people err on the side of being on the jobsite too much. Even if you go and you're kind of in their way and you annoy them, at least it's not costing you a lot of money because they're doing something you didn't want them to do.”
“In life, there's always a price to pay. And there is never a discount.”
“You have to really understand what position you are exuding.”
“For me, branding is everything, like we try to be as ubiquitous as we can. You go on social media, you can't miss me, we're pretty out there.”
Direct download: From_Nigeria_to_the_United_States_-_Creating_a_Real_Estate_Empire_from_Scratch.mp3
Category:general -- posted at: 3:30am EDT
Mon, 1 February 2021
Today, I am super excited to welcome lifestyle entrepreneur, author, and real estate investor Ali Boone to the show. After leaving her 9-to-5 corporate job to pursue ultimate freedom through entrepreneurship, her company Hipster Investments managed to facilitate over $18M in real estate transactions in its first five years of business. She has Master’s degrees in both Aerospace Engineering and Spiritual Psychology. Ali also teaches flying and can often be found snowboarding or volunteering in prisons.
We start off as we always do with Ali sharing her background with us. She said she initially wanted to study to be a pilot because of the influence of her family, but ended up in aerospace engineering. After earning her advanced degree, she shared that on her very first day of work, upon walking into her cubicle, she realized she did not want to work in the corporate world. She wasn’t sure what she wanted to do and took the next five years reading everything she could get her hands on. Ali eventually started investing in real estate for personal wealth growth and turned it into the venture that would get her out of her corporate job, which she left in 2012. Ali started her own company named Hipster Investments that deals in mostly turnkey rental properties.
Because of my research into Ali, I knew that she had a Spiritual Psychology degree in addition to her technical degrees and I wanted her to explain how she ended up pursuing that. She said she actually started the program because she thought it would be hilarious to tell people she has such diverse degrees, but it ended up being the biggest game-changer of her life. Because it involves an aspect of psychology, she can apply the principles to every aspect of her work and life.
Then we dove into the specifics of Ali’s real estate adventures. She first tried to invest in a deal in Nicaragua that didn’t end up being successful, but then turned to the burgeoning Atlanta market. I asked specifically why she chose turnkey rentals in lieu of other strategies like flipping houses. She said it wasn’t as though she couldn’t learn and be good at putting a lot of work into properties to rehab them, but she wasn’t passionate about it. She got out of the corporate world to have the freedom and flexibility to do what she loves, not to make more work for herself. We discuss a lot of the pros and cons of turnkey rental investing and some of the difficult situations we have both found ourselves in with this strategy.
I then asked Ali to explain the services that Hipster Investments provides. She said they are basically a referral service because when she first started investing in turnkey rentals, everyone she knew wanted to learn more about what she was doing. Ali ended up writing articles about turnkeys for BiggerPockets and this led to so many people asking her for advice, her company ended up being a “glorified matchmaker” between investors and the providers she could recommend for this investing strategy. Ali also feels very rewarded by staying on to help support the investors who she consults with. She also explained her process for analyzing and vetting new turnkey providers for her clients.
I then asked Ali to tell us about her first book, NOT Your How-To Guide to Real Estate Investing: Life Lessons on Hacking Your Mind Before You Hack Your Wallet. She said that she had started several books but had no interest in learning how to go about publishing a book, so she was constantly getting stalled in this process. But with the coronavirus lockdowns, she had no excuses left and it really provided her with the time and space that she needed to finally get her book completed and published. Ali explains that she really wanted to focus on the self-examination a person needs to make before jumping into real estate investing so that they know their strengths and weaknesses and what strategy might work the best for them.
Because Ali is all about lifestyle, we wrapped up with her telling us about the lifestyle she is cultivating and how she spends her days. We discuss how important it is to find what really brings you joy and take advantage of the freedom provided by being in business for yourself. You really don’t want to miss this episode of Just Start Real Estate… Ali and I just have a blast! She provides us with so much wisdom and actionable advice in a completely laid-back and fun manner so be sure to take the time to listen and learn from this fantastic guest, Ali Boone!
“After nine years of school, I didn’t even sit down in my cubicle before I realized I wanted out of my corporate job.”
“If you ask me to make a spreadsheet, stand back. I love a good spreadsheet.”
“If I am going to leave corporate, I need to be able to say I actually tried to make it work.”
“I was doing the coolest of the cool and it really was a dream job, it just wasn’t my dream job.”
“I was epically left-brained.”
“I care about people's experience and them not getting burned in real estate.”
“I hate when people have a bad experience just because they don’t know what they are doing.”
“For me, it is all about freedom.”
“Not getting up with an alarm clock might be my favorite thing about being financially free.”
Direct download: From_Aerospace_Engineer_to_Lifestyle_Real_Estate_Entrepreneur_with_Ali_Boone.mp3
Category:general -- posted at: 3:30am EDT