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185: 11 Doors and Returning to Real Estate After an 8-Year Hiatus

50:43
 
Chia sẻ
 

Manage episode 329639977 series 2632451
Nội dung được cung cấp bởi BiggerPockets. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được BiggerPockets hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Today’s guest, Alicia Marks, started real estate investing unintentionally in 2011 when she became an accidental landlord. It wasn’t until eight years later, in late 2019, that she decided to intentionally invest in hopes of reaching her financial goals faster. Since then she has closed on five doors, has done one live in flip, and has six more under contract.

Besides being a part-time investor, Alicia is also the BiggerPockets Community Manager. This direct connection to the BiggerPockets community has allowed Alicia to get more exposure to the world of real estate investing while also knowing first-hand how useful all the BiggerPockets tools can be. Alicia even found her partner through BiggerPockets! They started with only one deal to test the waters and had a very clear exit strategy in case it didn’t work out. Thankfully they discovered the partnership worked well for both of them, but if it hadn’t, Alicia would have been perfectly fine because of the exit strategy she put in place.

After some major life changes, Alicia thought she’d pursue a dental career until she realized the people in the dental field were trying to get out and pursue real estate. It was then that she decided instead of accruing massive debt in hopes of reaching financial freedom, she’d return to real estate after an eight-year hiatus and begin her financial freedom journey right away!

In This Episode We Cover

The importance of finding a solution-based property manager and how to maintain long-distance communication with them

How to find, manage, and build a lasting, beneficial relationship with contractors

Exit strategies and why it’s important to have them in place

How to plan your exit strategies and how to know when it’s time to implement them

The importance of structuring your partnership in a way that aligns with the strengths of you and your partner

How to use private lender meetups to your full advantage and finding the perfect private money lender for you

And So Much More!

Links from the Show

Ashley's Instagram

Tony's Instagram

BiggerPockets

Real Estate Rookie Youtube Channel

Real Estate Rookie Podcast

Real Estate Rookie Facebook Group

Real Estate Rookie Bootcamp

BiggerPockets Forums

On The Market Podcast

James Deinard's Instagram

Dave Meyers' Instagram

On The Market YouTube Channel

Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”

How to Retire Early With Real Estate & Do What Matters More with Chad Carson

Ouch! Brandon & David’s 10 Biggest Investing Mistakes (& How to Avoid Them)

Asana

Connect with Alicia:

Alicia's BiggerPockets Profile

Alicia's Instagram

Check out the full show notes here: https://biggerpocket.com/blog/rookie-185

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

402 tập

Artwork
iconChia sẻ
 
Manage episode 329639977 series 2632451
Nội dung được cung cấp bởi BiggerPockets. Tất cả nội dung podcast bao gồm các tập, đồ họa và mô tả podcast đều được BiggerPockets hoặc đối tác nền tảng podcast của họ tải lên và cung cấp trực tiếp. Nếu bạn cho rằng ai đó đang sử dụng tác phẩm có bản quyền của bạn mà không có sự cho phép của bạn, bạn có thể làm theo quy trình được nêu ở đây https://vi.player.fm/legal.

Today’s guest, Alicia Marks, started real estate investing unintentionally in 2011 when she became an accidental landlord. It wasn’t until eight years later, in late 2019, that she decided to intentionally invest in hopes of reaching her financial goals faster. Since then she has closed on five doors, has done one live in flip, and has six more under contract.

Besides being a part-time investor, Alicia is also the BiggerPockets Community Manager. This direct connection to the BiggerPockets community has allowed Alicia to get more exposure to the world of real estate investing while also knowing first-hand how useful all the BiggerPockets tools can be. Alicia even found her partner through BiggerPockets! They started with only one deal to test the waters and had a very clear exit strategy in case it didn’t work out. Thankfully they discovered the partnership worked well for both of them, but if it hadn’t, Alicia would have been perfectly fine because of the exit strategy she put in place.

After some major life changes, Alicia thought she’d pursue a dental career until she realized the people in the dental field were trying to get out and pursue real estate. It was then that she decided instead of accruing massive debt in hopes of reaching financial freedom, she’d return to real estate after an eight-year hiatus and begin her financial freedom journey right away!

In This Episode We Cover

The importance of finding a solution-based property manager and how to maintain long-distance communication with them

How to find, manage, and build a lasting, beneficial relationship with contractors

Exit strategies and why it’s important to have them in place

How to plan your exit strategies and how to know when it’s time to implement them

The importance of structuring your partnership in a way that aligns with the strengths of you and your partner

How to use private lender meetups to your full advantage and finding the perfect private money lender for you

And So Much More!

Links from the Show

Ashley's Instagram

Tony's Instagram

BiggerPockets

Real Estate Rookie Youtube Channel

Real Estate Rookie Podcast

Real Estate Rookie Facebook Group

Real Estate Rookie Bootcamp

BiggerPockets Forums

On The Market Podcast

James Deinard's Instagram

Dave Meyers' Instagram

On The Market YouTube Channel

Is College Worth the Cost? This 30,000 Variable Study Says “Sometimes…”

How to Retire Early With Real Estate & Do What Matters More with Chad Carson

Ouch! Brandon & David’s 10 Biggest Investing Mistakes (& How to Avoid Them)

Asana

Connect with Alicia:

Alicia's BiggerPockets Profile

Alicia's Instagram

Check out the full show notes here: https://biggerpocket.com/blog/rookie-185

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

402 tập

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