Scaling A Multifamily Portfolio With Liz Faircloth – Real Estate For Women

REW 68 | Multifamily Portfolio

 

Investing in real estate is a learning process. From buying your first property to scaling a multifamily portfolio, investors learn many lessons in between. In this episode, Moneeka Sawyer sits down for a discussion with Liz Faircloth, a social worker, entrepreneur, co-founder of The DeRosa Group, and co-founder of The Real Estate Investher community. Liz shares how she got into real estate investing and talks about what she learned about investing in many types of real estate. She shares why they settled on multifamily and what you need to do to become successful in the real estate game. Tune in to learn more on what it takes for real estate investing success.

Watch the episode here:

Listen to the podcast here:

Scaling A Multifamily Portfolio With Liz Faircloth – Real Estate For Women

Real Estate Investing For Women

I am so excited to welcome to the show, Liz Faircloth. Liz Faircloth co-founded the DeRosa Group in 2005 with her husband, Matt. The DeRosa Group based in Trenton, New Jersey is an owner of commercial and residential property with a mission to transform lives through real estate. DeRosa has vast experience in bringing properties to their highest and best value, which includes repositioning single-family homes, multifamily apartment buildings, mixed-use retail and office space. The company controls close to 1,000 units of residential and commercial assets throughout the East Coast.

Liz is the Co-founder of The Real Estate InvestHER Community, a platform to empower women to live a financially free and balanced life through over 25 Meetups across the US and Canada, and an online community and membership that offers accountability and mentorship for women to take their businesses to the next level. She is the co-host of The Real Estate Investher Show, which I will be on too. They published their first book, The Only Woman in the Room: Knowledge and Inspiration from 20 Successful Real Estate Women Investors.

Liz has been interviewed for many articles and top-rated podcasts, including mine. Including being a two-time guest on the top-rated BiggerPockets Podcast and the Best Ever Show. On the personal side, Liz is an avid runner, has completed several triathlons and marathons, has two adorable children and is a New York Mets fan. Hello there, Liz.

Thank you so much for having me.

You and Andresa do so much cool stuff with the InvestHER Community. I love what you’re doing together but I haven’t really gotten to chat with you about what you’re doing. Liz, why don’t you give us a high-level version of your story of how you got interested in real estate and what your path has been?

REW 68 | Multifamily Portfolio

The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors

It wasn’t a linear path. At the time, my now husband and I had started dating. Before we started dating, I was in graduate school for Social Work. I got my Master’s in Social Work. I want to open my own practice and help people. That’s been always my passion. During that time, my brother-in-law who was the only entrepreneur I ever met, grew up in a great family but middle-class family. My dad was a teacher. I was never introduced to entrepreneurs or investors, that just wasn’t in my sphere of any context growing up. Hard work ethic was there, but certainly the business piece of it, I was not familiar with or didn’t have a lot of exposure to.

Until I met my brother-in-law, who was an entrepreneur, started a business and handed me Rich Dad, Poor Dad. I’m 23 at the time and he’s like, “You have to read this.” I’m like, “All right.” I like personal growth books. I started in college reading different books and I always enjoyed them. I like learning and growing. Long story short, I read that it. My eyes were opened to this idea of passive income. I honestly never heard of that before. It’s like, “I can have money working for me, not me working for money.” It was a whole new, open-my-eye concept, which I know a lot of people have said.

What got us involved was

I then started dating my now husband. We lived about two hours from each other. Every weekend, we go to all the REIA meetings and start learning. We’re in our twenties, didn’t know anything. We didn’t have any money to invest, but we said, “Let’s give this a go.” We started taking courses. This is before Facebook Marketplace. This is literally open the newspaper, go to ads and call tired landlords. That was the million-dollar tip we got at one of the events. That’s what we did every weekend, literally knocking on doors, right outside of Philadelphia, where my husband lived and when I visited him.

One day, we got someone to say, “That’s interesting. Let me think about that.” Then we called them back and struck up a deal. A year into us taking courses and door knocking and cold calling and bootstrap whatever we could do, we struck up a deal and bought our first property. It was a duplex about $150,000. We learned everything on that property. We’d go with the people. When you buy a property, the tenants that are there may not be your tenants ongoing because there’re a new sheriff in town. The whole multifamily opened our eyes. There are only multis in this neighborhood. It wasn’t like we chose a duplex. It just so happened because it was like older homes right outside of Philadelphia. There were only duplexes and small multis. We got our start there and then we moved to New Jersey and then started our business focused on New Jersey and buying properties there. We sold that property and did 1031 into a four-unit, then that started our trajectory in New Jersey.

Over the fifteen years I’ve been doing this, we had lots of twists and turns. I wish we just focused on multi but we didn’t. We got involved a lot of different things early on. People would get distracted as we usually do. We were probably a little naïve and young. We flipped houses, we got into tax liens, we bought a commercial building, we bought raw land. Every random thing you could possibly think of, we probably have done it, until we doubled down on multifamily. Our business now is focused on multifamily. We went from a 2 duplex to a 10-unit. We grew very steadily. We didn’t go from a 2 to a 200-unit. We did, but over time.

Now, we focus on larger multis and we’re starting a fund where we’re actually investing with other operators. We’re diversifying a little bit outside of multi but more like from a funding perspective. I’m involved in that, not day-to-day, but more from like a strategic level and helping build our team out. It’s exciting to be able to invest in different sectors of real estate, not just multifamily. We do love multifamily. We have a letter of intent on a property in the Southeast, which is where we are focused on now.

Tell me a little bit more about this fund. Let’s dive a little deeper in that.

You want to make sure you're mitigating risk for yourself, but most importantly, your industries. Click To Tweet

It’s something that we’ve talked about over the year and then COVID obviously happened. COVID happened, the pandemic and everything. You’re in California, I’m in Pennsylvania. We’re in the thick of shut downs. I know things are opening up, which is wonderful and people are getting along. All the conversations we had were like, “How’s this going to affect our buildings?” I have to say with our multifamily, any loan that came out, we took advantage of. We didn’t know how it was going to affect. We didn’t know who’s going to be able to pay. We didn’t know what’s going to happen with tenants and everything like that. Our buildings, knock on wood, the ones that were doing well are stable and have thrived during COVID.

We had a building in North Carolina that was 40% occupied. It was literally a turnaround building. It was 200 units. We got it up to 90% during COVID. Some of these buildings thrived. Other buildings that were having some issues prior to COVID continued to have some issues. While that was a stable sector for us, we’re all in on that sector. My husband and I talked a lot about as we grow our businesses, what do we want to do? We want to diversify and the importance of that, and what does that look like? The fund is an opportunity. We’ve always focused on raising money and then putting it specifically into a building, into a project.

With regards to the fund, we talk to people all the time. People are like, “This sounds like a great opportunity to pass an investor.” Then you’re like, “I don’t have a building. I don’t have anything under contract right now.” We refer them. We know a lot of people we like and respect in the business. We have no problem with that. There are a lot of good syndicators out there. We wanted to have another flavor of ice cream, if you will.

The fund will obviously be an ongoing rolling fund, and it will give investors what we’re going to actually invest in are all things that we know, and that we’ve vetted it. We’re not going to start investing in a business that we have no idea because that’s a whole other level. It’s like mitigating risk. We want to mitigate your risks. You want to make sure you’re mitigating risk for yourself, but most importantly, your investors. Hard money loans, that will be one. We’re going to start to work with maybe the hard money operators that we like and respect that we know do good business. We’re not the hard money loan lenders. They are, and we’re going to do that. Multifamily will be a piece of it. If we have a project that comes up, we’re going to almost invest in our own projects and that will be a piece of it.

Those are the two main pieces. I want to say even like self-storage and those operators, that might be another sector. They’re related to investing in real estate on some level, but it will be in a way that we are not the sole operators of everything. As we evolve, you don’t want to do everything yourself. You want to be able to do what do you do well. Once you figure that out, you have to focus on that. That’s what that looks like. We’re building out a team and that’s been in the making for some time, but that’s the goal.

I’m fascinated by that idea because I feel like, for me too, there’s something that I do really well. I do executive homes in the Silicon Valley. I’ve got my entire systems. It’s all built out. It runs itself. I don’t worry too much about it. I was telling you before that I’m taking all of my May off for my birth month because that’s where my birthday is. We’re traveling to Hawaii and I’m going to a spa in Palm Springs with my sister. We had our vaccinations, we’re all taken care of, we’re doing our tests, everything’s good. We’ve decided that it’s time to celebrate. That lifestyle is fantastic. I’m not particularly interested in working significantly more. I do get boards, we have construction projects, we have some other stuff going on so that my entrepreneurial mind doesn’t slow down or get bored.

REW 68 | Multifamily Portfolio

Multifamily Portfolio: What commercial brokers care about is if you’ve closed deals, they do not want to work with people who are going to get to the finish line and not be able to pull the money together because they want their commission.

 

What is happening is I found several different syndicators doing different things. I’ve invested in storage, multifamily and a variety of different things. I often wondered because each time that I invest, and I don’t know how this is going to work for you guys, but every single time I invest, it’s a minimum of $100,000. That’s great for us because we have that money, we’re looking to retire, we’re moving that way, but not everybody who’s reading this has access to $100,000 for this and $100,000 for that. They want to be able to diversify without spending that much money. What does that fund look like for you? Is there going to be a minimum investment? Have you worked that out?

I think we’re still working that out. One of the key team members that we knew that we needed, it’s not how but who. You can start to build out different businesses, you can’t know everything. I don’t want to know everything quite honestly, that just hurts my brain a little bit to know everything. We’re women, we want to know everything. Anyway, one of the people that is a key principle in this endeavor is a fund manager from Wall Street who has run funds. As we’ve talked to him, I think the minimums are going to, I’m not sure exactly. I will say though, one organization we’ve started working with is called Republic. Basically, what they do is they in essence have a similar type of approach, in that people can invest $10,000, even down to $1,000. Don’t quote me on that, but I’m not familiar.

What’s fascinating though for our last indication was a 336-unit apartment building. Our minimum was $50,000 on that project. Not everyone has that but they want to invest in real estate. We found this company and what they’re doing is they’re the investor in that project, but they’re the ones going out to the accredited investors to then say okay to all pooling all this money together. Then they are the investor in that project with us. They’re all pooled in this together in this company called Republic, then Republic is ultimately the investor, if that makes sense.

It was cool because that was the first time we had ever done that. If you think about it, we have a 336-unit apartment complex. We had close to 80 investors. It’s a lot of people, even with a minimum of $50,000. We had some people who put $500,000 and some people put $100,000, any amount. There’s a lot of money. I’m the cheapest person, I’d be putting $1,000 at anything. That’s me. I know, I get it. We were really pleased to see that. It’s a neat approach. I think that’s the future to be honest because I love that concept and I was really intrigued by it. As we do other deals, we’re going to be working with them. I’m not sure the relationship exactly how that’s going to play out in the fund, but that was just a neat example for our last indication that gave everyone the opportunity.

Are they more of crowdfunders or are they syndicators? Do you have any idea on their structure?

I’m not too sure which level they are. I just heard about it conceptually and was intrigued. I know that they’ve been around and they’re not just at the start of their company. There are a lot of different pieces around it to ensure how you do it. Some funds are accredited, not accredited, and all that plays as well. There’s a lot of legal stuff, a lot of money to see attorneys and all that stuff. Because it’s a project, you can’t solicit. It’s illegal to do that. There are other projects from friends and family. I know that with this particular project it’s because we only accepted accredited. It’s a neat approach and I’m happy to get more info.

Don't get distracted, focus on a niche and go all in on one thing. Click To Tweet

Let’s put our heads together. I’d love to hear a little bit more about that. I’m always looking for ways when I get phone calls from my ladies, when they say, “I’ve only got this much.” What can we do with that to benefit them in the biggest way? That would be amazing. Another topic that I’m getting a lot from my ladies is this idea of out-of-state investing. Especially here in California, there are a lot of markets where people feel like, “I can’t really invest in my backyard,” and they’re scared to go out-of-state. I know that you do a lot of multifamily out-of-state, so let’s talk a little bit about that, your perspective and how to look for projects and stuff like that.

For our first seven years, we invested locally. We had a rule where we don’t invest more than 30 minutes away. We did a team. We did a leasing agent. We had our bookkeeper who did all the accounting. We have a tenant relations person. We had a maintenance person. We had four people on our staff besides me and my husband, helping us manage our local properties. We bought a property in Philadelphia which was an eighteen-unit and that was 35 minutes, so we went, “We could still do it.” Then the market shifted. I’m in the Northeast, and New Jersey is not the most favorable state on taxes in this country. Even in Philadelphia, the projects that we were looking at were getting outbid, it was getting more expensive. We raise money, we work with investors. The returns are important to ensure that we’re going to get into the right projects. We’re not just parking millions of dollars from a relative.

We’re constantly looking at how we’re going to get into the right area for our investing goals and our investors. A broker had brought the same broker and that’s the first thing I’d say as a good tip is start building relationships with commercial brokers. Sometimes it’s tough, especially now. Think about a hot market, everyone’s calling commercial brokers saying, “I invest in multifamily, do you have anything for me?” “Yeah, you and 90 million other people.” You’ve got to differentiate, keep that in mind too.

We had closed that eighteen-unit with the same broker who called us about a property in Lancaster, Pennsylvania, which is about an hour and a half from where we were living at the time. He said, “Are you interested?” We’re like, “Cool, like an hour and a half. We’re not going to send our leasing agent there. We’re not sending our maintenance person there. We need to look into property management companies.”

After vetting the deal, and that’s a great story that ended up itself. The first domino always is a good property management company. You’re going to need that. Some people successfully invest in properties and they self-manage the properties. I’ve heard of it. I know a lot of women who do it successfully. We knew at a 49-unit, that wasn’t going to be our best strategy. We knew it was going to be important to have a good and local property management company. Why I say that’s a great person to have on your team? Say you’re sourcing an area in Alabama or wherever you’re sourcing deals. Before even looking for a property, start getting to know the property management companies there because that’s going to follow. If you cannot find a property management company in a geographical area, that might be a sign for a lot of reasons that something is off.

Even with Airbnb, which is very hot, vacation rentals and luxury vacation rentals, whatever the people are interested in. If it’s a hot area, there are people managing in that hot area, and that’s a great source and a great team member to start to talk to. Number one, they know the area. What streets are good? Which streets aren’t good? What areas are up and coming? What areas are too hot and expensive? Because we know that’s the case. We’ll wait in an exuberant way now. Everywhere is like, “Hold on, what do you want?”

REW 68 | Multifamily Portfolio

Multifamily Portfolio: The idea of the diversity of jobs is even more important than job growth, they’re both important.

 

I called up my way to Target. You’re a real estate investor, you never turn it off. I saw a sign that said ‘For Sale’ and it had a handwritten phone number. I’m like, “That’s a good sign.” Great area, Bucks County, where I live and I’m like, “That’s an interesting area.” I texted the person, guy, gal, I don’t know who it is. I said, “How much is the lot and what’s the size? Is it with sewer?” all the things you ask. We’ve done a bit of new construction a lot of times but we could probably pull it off. “$250,000.” I don’t even know if you’d get $500,000 for the property. That’s just for the lot. People are nutty with their prices right now.

Going back to out-of-state, I think property management companies are helpful to have on your team as an initial team member. What commercial brokers care about is if you’ve closed deals. They do not want to work with people who are going to get to the finish line and not be able to pull the money together because they want their commission. That’s what they care about. Beyond everything else you want to talk about with them, they care about if you’ve closed with them or with anyone. If you or someone on your core team has closed deals that you’re looking for. If you’re looking at a 100-unit, you better have someone that you’re bringing to the table that’s like, “This is the kind of team we have, the kind of team we’ve done and this is what we’ve closed.” That is what they’re thinking right now when you call them.

This broker brought us this project and we started to talk to property management companies in the area and vet the area. What really helped, and I always say this, if you have somebody in your family or in your network who lives in the area is really helpful. They don’t need to have a degree in real estate. They don’t have to have ten years in investing. If you have some boots on the ground and feet on the street, people that aren’t just property management because remember, property management company is a vendor.

We always like to offer our property manager company’s potential ownership in the building. Every time we buy a building, we say, “We’re syndicating this, would you like to own part of it as well?” It’s not the best sign if they’re like, “No.” Even if they put $25,000, maybe they think that’s like chump change. Most of all the property management companies we’ve worked with have invested in our deals and that’s a good sign as skin in the game, so to speak.

I would say the second thing is to start to look at, “Is this an up-and-coming area? Do I know anyone in my network that can help me? Is there a reason to go there? Do I want to go there?” If you’re going to invest in an area, those are questions to ask, “If I have to now get on a plane, is that on the way to my aunt or my parents? Is this an area that my kid can go to college for the next four years?” Make it make sense. Versus an area that literally you know no one. That can work but if you can blend a few things in there and it is an up-and-coming area, you’re going to want somebody that’s 10, 15 minutes from the property, whether it’s a realtor, whether you have to pay them hourly. If you can’t get there, someone needs to get there because fires happen, things happen.

We have a cousin in this area, Lancaster. When we’re looking at it, we’re like, “What do you think?” He’s an investor, which was even better. He was able to be our boots on the ground. He’s part of our general partnership. We had a fire there years ago. We want to make sure everyone’s okay. We also want to see what’s going on. In an hour and a half, the fire is probably going to throw a little more damage than ten minutes.

Don't give up. Your mistakes are going to propel you forward and you're going to learn and grow from them. Click To Tweet

A couple of things that I want to highlight is that people think that you hear about an amazing market and you should go invest in there. I remember in the mid-2000s, everybody was in Henderson, Nevada, right outside of Las Vegas. I had close friends who all invested. There was also Florida, there was also Chicago. Those were some big hubs where they were really marketing to investors from out of state, especially California. Californians had a bunch of equity and it wasn’t working for us. Everybody could get loans by just stating things.

There were these pockets that were trending. People were making money hand over fist. For me, I always play the longer trend. I don’t play the short-term trends. I would admit, I would probably be a lot richer if I got that right more often, but there are many people that get that wrong. Part of it is that they didn’t do some of the things that you talked about. It wasn’t a place that I would ever want to visit. It wasn’t a place on the way to anything. Las Vegas, it is. Chicago, it is. Florida, it is. A lot of people didn’t have that mentality of, “Would I want to go there? Would I vacation there? Would I want to live there? Would I want my kids to go to college there? Is there any reason for me to go there?” Even in Henderson, it’s not like people were like, “I’d like to have something in Henderson because I like to go to Las Vegas.” No, it was, “I’m investing in Henderson because everybody else is investing in Henderson.”

I love how you talk about this, especially in your first few deals, I think this is hugely important is as you’re getting to know what this is like. The very first time you step out of state, you don’t want to be in a market that you completely don’t understand, that you just get a bunch of numbers from someone that’s a vendor. They’re interested in selling these properties. They’re not going to lie to you, but they’re definitely going to paint a pretty picture.

We had a friend that moved to Henderson and we went to visit them one time when we went on a trip to Las Vegas. He was like, “There are all these crazy investors coming in here.” All around town, people were like, “This bubble is going to blow,” because there weren’t as many people in the restaurants anymore. There were things that were closing down. We’re like, “How is it possible that all this expansion is happening but the actual economy is shrinking?” There’s no way to have known that if we hadn’t had this conversation with our friends that had just moved there. There’s all this hype about Henderson, but they just closed down the local Whole Foods or whatever market it was.

I love what you talk about is we don’t have to have boots on the ground all the time, every time. Eventually you do develop a skill in getting to know markets or you focus on certain markets. Especially in those first few deals that you’re going out, that is all such good advice, Liz. Make sure that it’s someplace you would want to go. It’s like basic, intuitive, common sense stuff that we don’t think about because we get whisked away by the excitement of what’s possible. Those basic stuff, “Would I like to go there? Is there anything there I appreciate? Do I have someone that’s relatively close by, maybe within a half hour?” Even if they’re not going to be boots on the ground, just have the conversation once in a while. See how things are going in that market.

Thank you so much for that because normally people are like, “You need to look at the colleges, the employers or the average income rate.” Yes, you do need to do all those things, but it’s not the end of the story. Especially when you’re starting, it’s not necessarily going to give you the comfort that you need to actually get out there and do it. Here’s the thing, nothing happens for you until you take action. If it’s just the numbers and that’s not inspiring you to take action, then nothing is happening for you.

REW 68 | Multifamily Portfolio

Multifamily Portfolio: Everyone gets stopped after they lose money and something bad happens. But don’t give up.

 

Many people do get caught up and there are many important numbers as you’re analyzing markets and analyzing deals. Even just the idea of what COVID taught is the importance of diversity of jobs. Are there different jobs that people can actually be employed by? They’re all in on the tech, all in on the government or all in on whatever industry. The idea of diversity of jobs is to me, even more important than job growth, they’re both important. To know that people can get different jobs, there are jobs that can do positive things. There are many markets that don’t have that. Even high-priced areas don’t have that. We probably invest more in the workforce housing, more up and coming areas, not areas that are on any hot market list. Those are the too expensive areas. We’re like, “We don’t want to invest in an area that’s on any list.”

I love that, it’s much more practical advice. My ladies here have a lot of good advice from very smart people. Sometimes, we just got to ground it. This is how you make yourself comfortable with that. Ask yourself some real common-sense questions because so much of building a real estate business is common sense. There’s a lot of fancy languaging. There are a lot of people that say things that sound smart, but in the end, it’s a common-sense business. Thank you so much for grounding that for us. It was helpful. We are going to do EXTRA. We’re going to be talking more about building your team, finding partners when you’re in state or out of state. She likes to say, “Who’s on the bus?” and then team building with all those people that are on the bus. I love that picture because you’re all going out on a field trip and you’re all on this bus. Where are you going to go? How are you going to get there? Is it going to be fun? Is it going to be profitable? We’re going to talk about that with Liz in EXTRA. We have that to look forward to. Before we move to our three rapid-fire questions, Liz, could you tell everybody how they can get in touch with you?

In terms of some of the active multifamily projects which are fun to learn more about some of the day-to-day real estate projects, you can go over to my husband’s nice business called DeRosa Group, DeRosaGroup.com. My husband spent a lot of teaching as well. We both love teaching and helping, so you’ll see a lot of YouTube content and things of that sort from him. In terms of women who are interested in getting more support from women and getting connected, check us out TheRealEstateInvesther.com. From there, you can learn all about our Meetups that are across the country, and our Facebook community and membership, and things we’ve got going on with helping women. You can check us out there.

Thank you for that. Liz, tell us one super tip on getting started investing in real estate.

Don’t get distracted, focus on a niche and go all in on one thing.

What’s one strategy to be successful as a real estate investor?

Don’t give up. You’re going to lose money. I hope you don’t lose money, but you may lose money like many of us. Fifteen years, I can tell you a lot of interesting stories. You’ve had money like a Bernie Madoff situation where literally hundreds of thousands of dollars were stolen from us. We don’t give up. That makes anyone that successful in any line of business or anything in life. Don’t give up. Know that your mistakes are going to make you propel you forward, and you’re going to learn from it and you’ll grow from it. If you don’t have that attitude, then everyone gets stopped after they lose money and something bad happens. Don’t give up. That’s the key.

What would you say is one daily practice that you do that contributes to your personal success?

Something that I’ve always done and then go back and forth and don’t really do it consistently is I do a daily prayer. I read a little spiritual prayer. I think about it. I’ve been doing ten-minute meditations. I’d like to increase that eventually. For me, it’s been super helpful. I focus on whatever I learned in that prayer. I focus on that in my meditation. If I miss a day, it’s rare, but I have maybe missed 1 or 2 days for four months, but every day I usually get that in.

My meditation practice gently worked its way into my life to where I don’t even think about it. It started to just happen. I missed three days and my husband and I were on edge. I lost my temper at a restaurant. I didn’t yell at anybody but I didn’t have the patience to wait. Nobody saw it but I felt it like, “What is going on with me? Who is this person?” My husband was like, “Are you really stressed out?” I was like, “I think I haven’t been meditating. I haven’t been taking Moneeka time.” I have been taking Moneeka time. I got a pedicure. I still do, but that piece that starts my day has been so important. I’m glad you mentioned that.

You have to practice it. It’s like going to the gym. You can’t do it once and you’re good.

I always say in all of our Bliss practices, you can’t just brush your teeth once in your lifetime and hope your teeth are going to be good. You’ve got to brush it every day. You’ve got to keep doing those little things. Liz, as always, I’ve loved our conversation. Thank you for everything you’ve shared in the show.

Thank you so much for having me. This was amazing. I hope I was helpful and gave some content that your audience will help them.

Ladies, Liz and I have more to talk about. We’re going to be talking about building teams and who’s on the bus, all of that really good stuff. Stay tuned for the EXTRA. If you are not subscribed, go to RealEstateForWomenEXTRA.com, and you get the first seven days for free. Check it out. See if you love it. If you don’t, that’s totally fine, but do check it out. For those of you that are leaving, Liz and I now thank you so much for joining us for this portion of the show. I look forward to seeing you next time. Until then, remember, goals without action are just dreams. Get out there, take action and create the life your heart deeply desires. I’ll see you soon. Bye.

Important Links:

About Liz Faircloth

REW 68 | Multifamily PortfolioI’m Liz. I was born and raised in a middle-class family in New Jersey where my home was filled with love but going out to dinner was a big deal. From an early age, I have always wanted to serve others and even went to a graduate school program to become a social worker.

While studying to become a social worker, my brother in law who was the only entrepreneur I had ever met, handed me Rich Dad Poor Dad. This changed the trajectory of my life forever. Over the next couple of years, I started learning as much as I could. After a year of taking courses and hundreds of attempts to get an offer accepted, my boyfriend at the time (now husband) purchased our first investment property a duplex with none of our own money since we did not even have the money. 

I started in my 20s not knowing anything about investing, business, and no money to invest. Now, 16 years later, our team owns and manages millions of dollars of real estate. What most people don’t know is that this evolution came with a lot of lows, loss, heartache, and challenges.

As someone who was not handed anything I have today, I have learned a ton of lessons from not giving up to managing the balancing act of life as a woman. I am constantly working at balancing all the priorities of my life from being a mom of young children to a wife & biz partner with my husband to taking care of myself. It has not been easy so that is why we created our InvestHER community.

Love the show? Subscribe, rate, review, and share!

Join the Real Estate Investing for Women Community today:

______________________________________

To listen to the EXTRA portion of this show go to RealEstateInvestingForWomenExtra.com

To see this program in video:

Search on Roku for Real Estate Investing 4 Women or go to this link: https://blissfulinvestor.com/biroku

On YouTube go to Real Estate Investing for Women

Moneeka Sawyer
 

Moneeka Sawyer is often described as one of the most blissful people you will ever meet.   She has been investing in Real Estate for over 20 years, so has been through all the different cycles of the market.  Still, she has turned $10,000 into over $5,000,000, working only 5-10 hours per MONTH with very little stress. While building her multi-million dollar business, she has traveled to over 55 countries, dances every single day, supports causes that are important to her, and spends lots of time with her husband of over 20 years. She is the international best-selling author of the multiple award-winning books "Choose Bliss: The Power and Practice of Joy and Contentment" and “Real Estate Investing for Women: Expert Conversations to Increase Wealth and Happiness the Blissful Way.” Moneeka has been featured on stages including Carnegie Hall and Nasdaq, radio, podcasts such as Achieve Your Goals with Hal Elrod,  and TV stations including ABC, CBS, FOX, and the CW, impacting over 150 million people.

>