Moneeka Sawyer

Author Archives: 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.

The Common Path to Uncommon Success with John Lee Dumas – Real Estate for Women

REW 50 | Uncommon Success

 

The path to success is not hidden; it’s well-known and well-worn. You simply need a roadmap to help you get there more quickly. This is the message of The Common Path to Uncommon Success, the first traditionally published book by John Lee Dumas, founder and host of the award-winning show, Entrepreneurs on Fire. John’s book is a seventeen-step roadmap to achieving financial freedom and fulfillment in your life. Want to get more glimpses of the book? Listen in to his comeback chat with Moneeka Sawyer so you, too, can learn how to walk the common path to uncommon success!

Listen to the podcast here

 

The Common Path to Uncommon Success with John Lee Dumas – Real Estate for Women

Real Estate Investing For Women

I am so excited to welcome you back to the show John Lee Dumas. He is the Founder and host of the award-winning show, Entrepreneurs on Fire. With over one million monthly listeners and seven figures of annual income, JLD is spreading entrepreneurial fire on a global scale. His first traditionally published book, The Common Path to Uncommon Success, is available now for pre-order at UncommonSuccessBook.com. John, welcome back to the show. How are you?

Moneeka, I am fired up. Your energy is next level. I love your laugh. I’m so happy to be here.

I asked you to come back to the show because I’m excited about your new book, the title is?

The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment.

The reason that I brought you back, I want to tell a quick story. When I was sixteen, I was a foreign exchange student in India. I remember going to the book markets. One day, I bought four books that changed my life. There was Think and Grow Rich by Napoleon Hill, How to Win Friends & Influence People by Dale Carnegie and The Power of Positive Thinking by Norman Vincent Peale. There is a secret book that I’ll tell you about later. Anyways, those books started my journey towards personal development and the idea of being in business for yourself.

The path to success is hard work, but it's a very common path. It's not complicated, hidden, or scary. Share on X

Now, when I go back to read them, they feel very old school. I’ve been looking for the newer versions of these books to re-motivate and re-inspire me. What I love is with Think and Grow Rich, it was all about Napoleon Hill doing interviews. You are like the interview guy. You have interviewed thousands and thousands of super successful people. It’s like the next level. That’s why I’m so excited about talking about this book. Thanks for coming on. What I want to start with is, tell us why you think people have been lied to by experts out there in the business world.

This is the reality. There are amazing experts out there in this world. You just named a number of those authors who are spreading amazing, great content and helping so many people. At the same time, there are some so-called experts who aren’t quite doing that. Here’s where the red flag comes in. When you hear somebody tell you that, “The path to success is secret, hidden, and complicated, but I have the key to your success. For $1,997.97, I’ll unlock that key for you.” That is a red flag. I’ve interviewed over 3,000 successful entrepreneurs. I personally have been a successful entrepreneur for almost a decade now. I’ve been running a multimillion-dollar a year business for several years.

I know that the path to success is hard work, but it’s a very common path. It’s not complicated, hidden and scary. It’s a common path to get to your version of uncommon success. I am passionate about letting people know what that path is. That’s why I wrote this book. I sat down and said, “I’ve interviewed over 3,000 successful entrepreneurs. What are the commonalities that all of these entrepreneurs share with each other?” When I boiled it down, there were seventeen core foundational principles that every successful entrepreneur share with each other.

REW 50 | Uncommon Success

The Common Path to Uncommon Success: A Roadmap to Financial Freedom and Fulfillment

I decided to say, “This is a step-by-step roadmap to financial freedom and fulfillment.” I put it in chronological order and created this book, The Common Path to Uncommon Success. It is that seventeen-step roadmap to financial freedom and fulfillment. I wrote every single word, 71,000 words, 273 pages. It took me 480 writing hours. I did it and I’m proud of it. I want to get this book into your hands so that you can have the gift of financial freedom and fulfillment so that you can have the gift of living your version of uncommon success.

Tell us a little bit about what we’re going to find in this book that I’m comparing it to. Think and Grow Rich was more about philosophy. My understanding is that yours is more about strategy. Is that true?

It’s 100%. There are enough books about motivation and inspiration out there. There are fantastic books. That’s not what this book is. This book is a step-by-step strategic book. This book has every single step in the process that you need to achieve financial freedom and fulfillment. You’ve got to put in the work. It’s going to be hard. It was hard for me launching this business and putting in the work to make this happen. Every one of the 3,000 entrepreneurs that I’ve interviewed has had to put in hard work. What’s also hard is being broke, living paycheck to paycheck, waking up every morning being miserable, going to a job that you hate. That’s hard too. Why don’t you choose your hard? Why don’t you choose which hard you’re going to choose? If you don’t choose this hard of building a business, you’re choosing the other hard by default, which is living a life that’s less than you’re capable of living. Potentially, miserable, broke, and living paycheck to paycheck. You don’t need to choose that hard. You can choose your hard. This is the book that will get you there. This is the seventeen-step roadmap.

REW 50 | Uncommon Success

Uncommon Success: If you don’t choose the challenge of building a business, you’re choosing the other option by default, which is living a life that’s less than you’re capable of living.

 

I know on your show I mentioned this quote. I love saying this quote all the time. My dad, when I was 21, shared with me something that completely changed my life. He said, “Everybody has stress, fear, and money problems. Do you want poor people money problems or rich people money problems?”

I got a money problem, but the rich people money problems.

They’re good money problems, aren’t they?

Yes, they are. They’re still problems. They’re better than the alternative.

This is the same thing with success. There’s a lack of success problems and successful people problems. On this show, I don’t talk about life being hard. We talk about life being blissful. Part of being blissful is being willing to put in the work to make your life what you want it to be. If it’s hard work, for me, I love to work hard when I’m super passionate about something.

By the way, Moneeka, that brings up a good point because that’s exactly what step one, chapter one is. Most people will never identify this in their life. What is that? Their big idea. Your big idea is buried within you. We need to take it out. It’s your big idea and zone of fire. You can live in that zone of fire every single day. Like Moneeka said, you wake up and you’re still going to work hard. You’re going to work hard doing something you love, you’re passionate about, that fires you up and lights you on fire. If you’re going to work hard either way, why not it be something that is your big idea, your zone of fire? That is what step one, chapter one is, identifying not Moneeka or JLD’s big idea, not being a pale, weak imitation of somebody else’s big idea, but your big idea. There’s a big idea inside of all of us. Let’s get it out.

Tell us a little bit more about what we’re going to find.

Let’s move on to chapter two. This is the thing that a lot of people are surprised at. They come up with their big idea. They’re excited and they should be. It’s a big idea. It’s a good idea, but other people have had this good idea. There’s a lot of people in this world. It’s a good thing that other people have had your big idea before because that’s proof of concept. That means that your big idea is a great idea. It’s viable. That’s awesome. You can’t though, now with this entrenched competition out there, go like a lamb to the slaughter and enter into the market of where your big idea is. You will get crushed. What you need to do is get initial momentum and traction. How you do that is step two, discover your niche.

You need to find the void in the marketplace that’s not being filled and fill that void. You need to find the place in the marketplace that’s not being served and serve it to the best of your ability. By the way, you should become the best solution to that one, single niche problem. I teach you how to do that in step two so that you don’t go out and get walloped by all the competition out there in this broad, vague idea of yours that’s a good one. We’ve got to start small and then we plant a seed. We crank a little wedge in there and then we crank it out.

My big idea was a podcast. I did niche down to business podcast. I did niche down again to interview business podcasts of entrepreneurs. I did niche down a fourth time to daily podcast interviewing entrepreneurs. I did niche and became the best daily podcast interviewing entrepreneurs. By the way, I was also the worst because I was the only daily podcast interviewing entrepreneurs, where sometimes you have to do. I got my initial momentum and traction, wedged in there. What have I done over the years? I’ve blown up and created a media empire as a result. You can, too.

REW 50 | Uncommon Success

Uncommon Success: If you’re going to work hard either way, why not it be something that is your big idea, your zone of fire?

 

Is this book for everybody?

This book is not for the people who want to become filthy rich. There are people like that who are out there. I’m not saying you’re going in the wrong direction there. If that’s your heart’s desire, go after that. This book is not about how to become filthy rich. This book is about how to become financially free and fulfilled simultaneously. Those two things are so important in my opinion. I’m teaching people how to become financially free and fulfilled. That might also equate to making millions of dollars. It might equate to be making hundreds of thousands of dollars.

I have a friend, by the way, to give you the alternate example, who’s living in Bozeman, Montana making $47,000 a year. This guy lives well below his means. He wakes up every single day, does exactly what he wants to do, and loves his work. He is so obsessed with fishing and hiking. He gets to do that with his dog and all this. He is so financially free because he’s smart with his money and lives below his means. He’s fulfilled because he’s doing what he loves. That’s a win. I’m a win. I make millions of dollars a year. I’m financially free and fulfilled because I’m doing what I love. You can have both ends of the spectrum. There’s not a right or wrong answer. This book is for people who want that latter, financial freedom and fulfillment, not just becoming filthy rich. I don’t know what that is. I don’t know how to do that because I don’t want that.

Your personal big idea is buried within you. It's your big idea and zone of fire. Share on X

Instead of filthy rich, blissfully rich. That’s more about without having the whole picture and puzzle. Thank you so much for joining us, John, and sharing with us your book and information. I’ve already got my copy coming. I’m so excited about that. Ladies, thank you so much for joining John and I for this show. I hope you found it as incredibly exciting as I did. 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.

 

Important Links

 

About John Lee Dumas

REW 50 | Uncommon Success

John Lee Dumas (JLD) is the founder and host of the award-winning podcast, Entrepreneurs on Fire.

JLD has interviewed over 3,000 of the world’s most successful entrepreneurs on his award-winning podcast Entrepreneurs On Fire, which has amassed over 100,000,000 listens and 3,000 5-star reviews since its launch in 2012. Past guests include Tony Robbins, Barbara Corcoran, and Gary Vaynerchuk.

JLD has spent the last 8 years studying and interacting with those who have reached the summit of business success, and he has created a 17-step roadmap that will guide YOU to financial freedom and fulfillment.

 

 

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Connect To Your Inner Feminine To Create Fulfilling Success With Stacy Bahrenfuss – Real Estate Women

REW 48 | Inner Feminine

 

Connection is the missing piece to whole life success. It can mean many things, but most importantly, it means connecting with your source, your inner state, your inner feminine. It’s not that hard to reconnect with it. It’s just the fact that so few among us have done it that it looks difficult when really, it’s not. Real estate investor and life coach, Stacy Bahrenfuss joins Moneeka Sawyer today to show you just how simple it can be. With just a few steps, Stacy can guide you to connect with your source, nurture a blissful inner state, and allow it to lead the way to success and fulfillment. Join in to learn how you can do this at home! And don’t forget to rejoin them on Extra, where Stacy throws in even more valuable wisdom!

Listen to the podcast here

 

Connect To Your Inner Feminine To Create Fulfilling Success With Stacy Bahrenfuss – Real Estate Women

Real Estate Investing For Women

I am so excited to welcome to our show, Stacy Bahrenfuss. Stacy is the Founder of the Catalyst Group and creator of the Inside Out Success Method, a system at the core of her premier consulting program for female change-makers, the Limitless with Stacy B. Stacy started Catalyst Group, her real estate company, at the age of 19. She sustained her company through the housing crisis of 2007 to 2010. She continues to scale her business beyond the seven-figure mark to become one of the top-performing real estate teams in the state of Idaho. Stacy’s experience is vast. She has been a single agent, has run a large team, and has even operated as the designated broker for Catalyst Group as a brokerage. She has personally funded and sold a development project consisting of eleven upper-tier new luxury homes while still operating her real estate team at the Catalyst. Her success in the real estate world has given her a vehicle to share her mission, vision and purpose. Now she guides female global change-makers to discover inner freedom and fulfillment to create lasting success from a beautiful inner state to achieve the change and results they wish to see in the world. How are you?

I am great. Thank you so much for having me.

You’ve done a lot of stuff. It’s interesting when I looked at your bio or looked at your questions, I knew that so much of what you do is mindset stuff, which is key to success. I didn’t realize initially how involved in real estate you are. This is fantastic. I’m excited how relevant this is going to be. 

I’m very excited too. The merge between both is so vital for a successful real estate business.

Most of the people that come on board to talk on the show about mindset might have a little bit of investing experience, but not to the depth that you have. This is amazing. Why don’t you start by giving us a little bit of your story, the two-minute version? 

REW 48 | Inner Feminine

Inner Feminine: Succeeding without stress means going to the root of the issue internally and being willing to courageously look at whatever is there.

 

It all started when I was a senior in high school. I was joking around with a few of my friends and we had heard about a local real estate office near a resort town that I lived in that was going to be opening. I said, “I’m going to apply as a salesperson.” I was seventeen at the time. They ended up calling me and hiring me as the sales coordinator’s assistant. I worked part-time and did that, and finished high school at that time. I knew right away that this was my career path to get into real estate.

I saw a gap that I could fill, which was the consumer experience and the way that I was seeing agents at that time. It was 2004, 2005, things were booming and going crazy. I saw a gap that I could fill to improve the industry. I got started at that point and then got licensed when I was 19 because I knew I wanted to be the change. I started my career at that point and then started building my team five years later in 2011. Everything I’ve done, I’ve done it intentionally to be able to simplify things so that I can share with others, that they too can do whatever it is they want to do in the real estate business or beyond the real estate business.

I say the same thing in all of my stuff, but you say that you can have success without stress. Let’s talk a little bit about that. I’ll give you a little background on me too. I talk a lot about bliss, and bliss is about creating systems, a business or a life that has very little stress and is filled with joy through the whole process. I feel like we’re aligned with that. Talk to me a little bit about building success without stress. 

Your methodology and your mission are what I was very excited about, meeting you and coming on your show for all of those reasons you listed because we’re much in alignment. For me, succeeding without stress is different than taking an intense breathing exercise to raise the stress in the body, to be able to perform at a higher level. That’s a different type of stress. The stress I’m talking about is that inner state of suffering that no matter what’s going on externally, it could be a different situation. You’re still feeling that same thing, that same feeling.

Succeeding without stress means going to the root of whatever the issue is internally, and being willing to courageously look at things that may be whether it’s a pain or hurt or something that happened in your past. That is the trigger that keeps being activated by these external situations. When you do that and you start to clear things, it’s like the drain. Seeing your truth is like the drain pouring down to clear things. When you can do that, you’re able to succeed at such a different level because you’re clear and calm inside. You’re able to make more clear and powerful decisions. You don’t have to work as hard with so much push. It’s more of the flow.

You have a specific methodology for this. Is that true?

That is true.

Could you tell us a little about that?

The methodology is going to the root of whatever is going on as I explained briefly, identifying whatever that thing is. A key one is looking at relationships in your life that may be a soft spot or a pain point, and seeing how you contribute to that pain. It’s so easy for us to blame others. If we can start to look at situations, if we’re frustrated or feeling pain in some way, to ask ourselves, how are we contributing to that situation? The game changes at that point. That’s what that methodology is all about. It’s not only taking your power back, but taking your power back by taking responsibility for your life completely. In doing so, you’re able to look at things differently so that you can perform at a higher level.

That methodology is first to see the truth and to see that pain, but not to stop there. What you need to do then is build that vision for your life and understand what you’re seeking. Once you are successful at this level, then you’ll be happy. We’ve all heard that. To understand what the emotions are, I always say it’s like a vending machine in a way that is already within you. You just need to select. “I want to be happy. If I succeed at this level, I’ll be happy.” Changing that and seeing that you can get the happiness out of the vending machine now without going after that. Therefore that might change your pursuits and what you’re trying to achieve. The methodology breaks that down so that can come into focus.

I still love what you’re talking about around there’s a way that we are taught in the world to create our happiness. We pursue this. Once we achieve that, we will be happy. There are all these people out there saying, “Happiness is an inside job and you should be,” or whatever. We’re all trained to go after the things that are going to make us happy, whether it’s business success, a boyfriend, a girlfriend, a car, a house, or whatever it is. We’re going after those things that we think they’ll make us happy. What’s interesting is that for those people who have gone after those things and gotten those things, you realize that, “That didn’t make me happier.” Who you are on the inside is what you take to that final result. You’ll never be happy then if you can’t be happy now. There will always be a feeling of discontent. Turning our training in the way that we’ve been culturally brought up on its head, starting with the happy feeling, and then determining our pursuits from who we are on the inside, rather than what we think is going to make us happy, can completely change the trajectory of our life. 

You can either be fueled by a blissful inner state a fearful inner state. There isn't any other option. Share on X

Also to your point of turning it on its head, a lot of people go, “If I start with happiness first inside, I’m truly discontent.” The response to that is, “Exactly, you need to see first that you’re discontent.” That is the truth. If you stop trying to escape that and see it for what it is, that is when you can make room for the formula to become happy first. You first have to see the truth instead of resisting the discontent.

I love that. I use the term bliss rather than happy. It’s a deeper emotional content. One of my coaches specifically said to me, “I don’t want to be blissful because then I’ll lose all my motivation.” I was completely shocked by that. I don’t know if you’ve ever heard this yourself, Stacy, “I don’t want to be happy because then, why would I work hard?” The thing is that when you’re content, you tend to work harder because your dreams are bigger. They’re based more on you rather than some outside force telling you what you should be. When it’s based on you, your drive is significantly bigger. Your passion is bigger. Your want to achieve becomes bigger. That’s also counterintuitive. When you’re happier, you will achieve more because of your capacity to dream. Would you agree with me on that? 

Absolutely 150%. It is stemming from you either can be fueled by a blissful inner state as you describe it or a fearful inner state. There isn’t another option. You can call it different things, those are the core options. When you are coming from a fearful state, it’s not going to be sustainable and you have to work extra hard to get the same result. When you’re fueled by bliss or that beautiful state, it’s a natural passion, a natural motivation that rises. It’s not a contrived motivation that you have to create if you’re coming from suffering.

You talk a lot about inner states. Bliss from my perspective is the ultimate inner state, but we have many of those. Your methodology is based on inner states, how to distinguish them, how to utilize your inner states, and distinguishing them for success. Talk to me a little bit about how that works in your methodology.  

As we were talking about, there are two options of the inner state. The first part is looking at resistance first, and any disconnect or discontent, any uncomfortable inner vibe or feeling that you’re experiencing. Although it may seem like something you have to overcome, it’s the biggest gift because it’s come to show you the way. What I mean by that is if you’re willing to dig into that to clear up at inner state, you’re going to see how to clear that at such a deep level that you no longer are struggling with that anymore. The importance of that is things you create will become more sustainable and your relationships are going to improve. It’s not only that but also your presence. We all want more confidence. We all want to play full out. All of these terms of let’s go to that next level. Truly what happens, and that’s why I call it limitless, is when you are willing to get in touch with the resistance, the disconnect, and the discontent within you, and dig into what that is and stop resisting it, your next level is limitless because you’re not bogged down by those negative emotions.

It’s so interesting because as humans, we only have so many hours in the day, and we only have so much energy to expend. If we’re expending our energy on trying to keep ourselves lifted up because we have to fight the anchors that are pulling us down, that’s an energy drain that we cannot use in other ways. We cannot use them to create freedom, success and love. We’re using them to fight anger and to carry that around. When we’re able to release those inner states of fear or whatever, then we release a lot of energy to focus on the things that we want. The one thing I strongly believe, I’d love to hear your feedback on this, is all of our emotions teach us something. They show us where the discontent is.

I believe that we have a right to all of those feelings. If we’re angry, in despair, having a bad day, or if someone died, we’re having a bad month, we have a right to all of those emotions, but we don’t have to live in those emotions. What I say is honor them, feel them, live in them for a little while, but don’t make them your home. You want to make your home those inner states that support your joy, success, and freedom. Do you agree with me on that? 

I do, and to go into a little more detail of my thoughts on it is especially as women, we are told what it means to be a good girl. We’re taught that a good girl doesn’t show if she’s upset. That’s part of the problem why both men and women have difficulty not making it their emotional home because we’re taught so much in society that, “You don’t feel it. Who has time for that? Put it in this file over here.” That is that heavy shackle on us that doesn’t allow us to create a new emotional home. If we can just see it, allow it, feel it, and sometimes you don’t even know how to feel it because we’re so ingrained to escape, distract ourselves, go over here. The problem is that the monster keeps getting bigger and bigger, and it starts to bring all of its friends. I agree with you.

Tell us a little bit about the Triple Threat System.  

REW 48 | Inner Feminine

Inner Feminine: Although discontent may look like something to overcome, it is actually the biggest gift because it has come to show you the way.

 

The Triple Threat System is something I use every day, and something that I contribute much of my success to because it’s given me that foundation. In many ways, a quick process to go through if time is short or if I have all the time in the world. It’s very versatile in that way. There are three steps, thus the name Triple Threat System. The first step is to take three conscious breaths. When I say conscious breaths, I mean to set a timer on your phone for three minutes and take deep inhalations, and try to make your exhalations longer. If you can, double the count of the first inhalation. It would be breathing in deep for two counts. You count in your mind and then exhale for four. That would be double. Do that for three minutes. That’s step one of the Triple Threat System. Once you do that, what you’ve done is you’ve created very calm soil to then plant what the contents are of step two, which is to write down three things you’re grateful for.

Sometimes it’s like, “I don’t know what I can come up with.” Think about the last 24 hours. Think about simple things that you’re grateful for like you could brush your teeth this morning, that you can walk down the hallway. Sometimes the simpler, the better to start because our mind is conditioned to look for what’s wrong. When you can start the day with that calm first step of a clear mind, that first batch of seeds that you plant are those of gratitude, then it’s a prime foundation to go into step three, which is focusing on your short and long-term goals. My three short three long-term goals. What that does is it sets you up for the day. It prepares you no matter what comes your way. It also keeps your short and long-term goals front of mind. What I love about that is, we need to constantly be asking ourselves if my vision is current.

When you’re that in touch with short and long-term goals, you’re able to adjust as life evolves. You could be in the middle of a pursuit of a goal and decide that, “This isn’t what I want anymore,” and change course. That’s the Triple Threat System. You can do it in ten minutes. You could also stretch it out to 30 if you want to do a little bit longer breathing. What I love about it is that no matter how much time you have, it’s very adaptable.

I love how simple it is. I want to say, ladies, so much of the time when I talk to you, one of the questions that I get, or one of the comments that I get a lot of is, “I don’t have a lot of time and I want easy systems to be able to fit into a little bit of a time that I’ve got.” If I give an easy system, something like the Triple Threat that’s very simplified. We’ve all heard a lot of these components in different shows and different places. You’re like, “That’s too simple. I’ve heard that before. I need something that’s going to be a little bit more effective than that.” You’re not alone, ladies, if you’ve had those thoughts. I’ve had those thoughts too. 

The thing is that until you try it and implement it for a significant period of time, and I’m talking like a month, you’re not going to know what the results are. Just because it’s simple does not mean that it’s not powerful. The simpler it is, the more implementable it is, the more powerful it is. You do need to do it. You have to take action. We talk about action all the time. You have to do it and give it a chance to work. I want to say that I love this. We’ve had a lot of people come onto the show and talk about morning routines. I’ve talked about morning routines, but Stacy is giving you something super easy and super implementable. 

You can do it in five minutes, or you can do it in 30 minutes, and just because it’s simple does not mean that it’s not powerful. I would encourage you to write down her three steps, and then implement them into your life for the next 30 days to see if they work for you. Everybody is different. Different things work for each of us in different ways. You might want to change your route. You might want to implement it a little bit differently but first, you try it her way. I love how simplified that says, so thank you for that, Stacy.  

One thing that I do too is I look at this as that foundation. I said that multiple times. What’s great about it is that it’s very easy to add an accessory to it. Maybe you want to work on another aspect. Keeping that in mind is something that I’ll do when time is allotted. I like to have that go-to. If I can find ten minutes anywhere, no matter how crazy the day is, it’s nice to have that go-to no matter what.

Inner connection is the missing ingredient to whole life success. Share on X

We’re going to talk more about how she fits this into her life and the actual implementation of this into her life. I’m excited about that in EXTRA. Let’s talk a little bit about EXTRA. We’re going to talk more about the Triple Threat System. We’re also going to talk specifically more about real estate. One of the things that Stacy and I talked about before was when people see a property online, they think it looks like a good deal, but it’s important that we go through the numbers. We take a look at, is it a good deal on the balance sheet? I always say to you, ladies, that our business in real estate investing is a people business, but the numbers have to work for us to get to the people part. Stacy is going to go through in EXTRA how to validate a property if you think it’s a great deal, how do you go through and make sure that it is? Those are the couple of things we’re going to be talking about in EXTRA. Do you want to add anything, Stacy? 

I’m very excited about both of those. I didn’t talk about this in the pre-show, but I do have a special tool that I’m going to share with you to share with your EXTRA people that helps validate that investment at a deeper level. It’s a simple Excel spreadsheet that works every time. That’s my gift to you.

That’s for the EXTRA portion of the show. We’ve talked a lot about being limitless, inner states, and all of that stuff. What would you say is the missing ingredient for a whole life success?

Much of it is related to what we’ve talked about that we’ve lost that connection. The missing piece is connection. It sounds very simple, but it’s profound. We’re in a society, in a world that’s more connected than ever technology-wise, but leaving us feeling more disconnected than ever. The missing ingredient being connection, it means first and foremost, connecting to yourself and being able to utilize that not just in the personal development side of things. What we’ve talked about thus far, but also connecting to yourself when you have a gut feeling about something, analyzing your business. Connecting to your source is also what I mean. That is that missing ingredient to a whole life success. When you understand that you no longer have to rely on external feedback to justify how you’re feeling or your thoughts about something, the power goes from 5 to 50, as far as that. It’s an immediate increase in your ability to take action, follow through, and achieve your goals.

Thank you so much for that. It is true and even the client relationships or tenant relationships we fail, and I fall into this. I’m a little bit surprised to watch myself sometimes because I feel like the relationships in my life are everything. Those are the things that have been the reason for my success. Even then, there’s an awful lot of texting that happens. That could be a phone call that creates a connection or a visit to the house or something like that. Communication has become so easy that it’s allowing us to not make it a priority or not give it the attention it deserves. 

One thing that we’re implementing within the team is the rule that a connection is not an email or text. It’s only a phone call, and that it’s an adjustment. It’s a reminder to be more mindful of more than anything. People are craving for connection right now. That alone can be your differentiator, by reaching out instead of doing what everyone else is doing, which is relying on technology.

Could you tell everybody how they can meet you? 

Yes. Because my last name is so challenging to say, everyone calls me Stacy B. My website is the best way to get in touch with me. That is LimitlessWithStacyB.com.

Are you ready for the three rapid-fire questions?

Yes, I was born ready.

Could you tell us one super tip on getting started investing in real estate?

The biggest thing is to do the homework and the research. What I mean by that is go and connect with a lender because a lot of times, we let the lack of knowledge in something hold us back. We think that we need to wait until we do X, Y, or Z. I can’t tell you how many times I have experienced and clients might have experienced going and doing that research, getting different opinions on the lending side has opened up an opportunity to take action on an investment property. The biggest thing is if you are interested in real estate, get in touch with a professional, a mortgage professional, or a real estate professional that you know because you would be surprised at how empowered you can be so quickly. Let’s say you can’t get the loan, or it’s not a good time. You can make a very aggressive plan to prepare for whatever it is you need to complete to be able to qualify.

What would you say is one strategy on being successful in real estate investing? 

The biggest strategy is to go for it. The only thing that a seller or someone else can say is no if they don’t accept your offer. Don’t be afraid to make ten different offers. Throw that net out to see who bites, depending on the product. That’s one way, but another way is don’t be afraid to pursue a property. Although it doesn’t happen as much right now, it will happen again. If it is overpriced, going in $50,000, $100,000 low with the justification of how you arrived at those numbers. All they can say is no. I’ve had so many times where they came down to almost the price that we offered. The biggest thing is to pursue it and don’t be afraid of that rejection.

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

It’s my morning routine. With that though, it’s that Triple Threat System and it’s also incorporating at least ten minutes of reading my workouts, and my time with my Earl Grey tea, which is my favorite beverage.

REW 48 | Inner Feminine

Inner Feminine: We’re in a society that’s more connected than ever technology-wise, but it’s also leaving us feeling more disconnected than ever.

 

Stacy, this has been so much fun. Thank you so much for everything you’ve offered on this portion of the show.

Thank you so much for the opportunity. It’s been a pleasure.

Ladies, thank you for joining Stacy for this portion of the show. If you’re not subscribed to EXTRA but would like to be, you can go to RealEstateInvestingForWomenEXTRA.com, and you get the first seven days for free. You can get this EXTRA. You can get a ton of other EXTRAs. I’ve got more than 50 up there, so you can binge on those and see if it’s for you. If you want to stay subscribed, you can. If not, you’ve got a lot of good content so check it out. Thank you so much for joining us. You know how much I appreciate you. I look forward to seeing you next time and until then, remember, goals without action are just dreams. Get out there, take action, and create a life your heart deeply desires. I’ll see you soon.

 

Important Links

 

About Stacy Bahrenfuss

REW 48 | Inner FeminineStacy is the owner of a 7-figure real estate company, and Founder of The Truth Teachers™ and Ultimate Breakthrough Accelerator™. Her programs consist of intuitive 1:1 consulting, group coaching, and an exclusive certification program.

Stacy began her entrepreneurial journey in the real estate industry at the early age of 19, sustained through the housing crisis of 2007-2010, and continued to build the business to be a 7-figure operation and one of the top real estate teams in the state of Idaho.

In 2018, Stacy personally funded and sold a development project consisting of 11 upper-tier luxury homes while still operating her real estate team. Her husband runs the operations of the real estate team today, while Stacy resides in an Advisory role.

Stacy is on a mission to smash the shackles of suffering by shining a light on the truth so that her clients can achieve everything they want. Her programs serve as a catalyst for deep inner transformation to create lasting whole life success, and how to do it all from a limitless, beautiful inner state.

Stacy is a recipient of a 2020 Gold Stevie Award in Consumer services with 10 or less employees.

 

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Making Multi-Family Investing Work with Sri Latha

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Today I’d like to welcome to the show our guest Sri Latha!

About Sri Latha

Sri is a business leader with over 6+ years in the Credit Scoring Industry and over 6+ years in the Real Estate industry. As a former data scientist for FICO, building FICO scores for banks all over the world, Sri has extensive knowledge and experience with the mortgage loan process, allowing her to educate and support her clients as they pursue their dream to own property.

An investor in Silicon Valley, Sri has actively invested in commercial multi-family properties since 2014 with outstanding results. Sri shares her insights, resources and strategies, taking the fear out of real estate investment for both first-time and seasoned investors alike. Her specialties include Real Estate, Statistical Modeling, Credit Score, Business Strategy, Business Development, Analytical Realtor.

In this episode of EXTRA we talked about:

  • Dive deep to look at exactly how to make the strategies work in more detail.

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Learn how to create a consistent income stream by only working 5 hours a month the Blissful Investor Way.

Grab my FREE guide at http://www.BlissfulInvestor.com

Finding Financial Freedom Through Multifamily Investing With Sri Latha – Real Estate For Women

REW 47 Sri Latha | Multifamily Investing

 

To become a successful real estate investor, you must employ some strategies, one of which is to invest in multifamiliesMoneeka Sawyer’s guest today is Sri Latha, an expert investor in commercial multifamily properties. Sri gives us an outline of how she gained outstanding results in a short period. Join in the conversation and find out why multifamilies remain lucrative even during the COVID-19 pandemic. Whether you are a new or seasoned investor, Sri will inspire you to dive right into real estate after listening to this episode! 

Listen to the podcast here

 

Finding Financial Freedom Through Multifamily Investing With Sri Latha – Real Estate For Women

Real Estate Investing For Women

I am so excited to welcome Sri Latha to our show. Sri is a Business Leader with a few years in the credit scoring and real estate industry. As a former Data Scientist for FICO, building FICO scores for banks all over the world, Sri has extensive knowledge and experience with the mortgage loan process, allowing her to educate and support her clients as they pursue their dreams to own a property. She is an investor in Silicon Valley like me. She has actively invested in commercial, multifamily properties since 2014 with outstanding results. Sri showher insights, resources and strategies, taking the fear out of real estate investing for both first-time and seasoned investors alike. Her specialties include real estate statistical modeling, credit score, business strategy, business development and analytical real estate. Hello thereSri. How are you? Welcome to the show. 

MoneekaI’m so happy to be here. 

We finally meet. We’re going to have to do that in person since we’re both local and so excited.  

That’s exactly what I was going to say, too. Someday, we’ll get to see facetoface. 

Sri, tell us a little bit about the high level of your story. What brought you to real estate? 

My real estate journey started with a personal, notsonice story. My husband got pretty sick in 2010. He found himself unable to walk one fine day. He couldn’t go to work. We were scaredIt turned out he had an autoimmune disease that we were able to cure and maintain. It took a while but he’s 99% better now. That lit a fire in our bellies to get something moving in the event that something didn’t happen to him. We got into real estate with that intention. We wanted financial freedom. We wanted the ability to have him either reduce his work or stop working if it came down to that. It never did. On the other hand, our real estate investing took off. We started in 2014. It did well for us. We’ve been growing that business ever sinceIn 2018, I stopped working and I’ve been doing full-time real estate. 

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You never hope that anybody ever goes through that level of trauma. It shows us who we are. It shows us how strong we are and what we’re capable of. It lights a fire under us like nothing else can. I‘m glad you came out on the other side with so much success. I’m glad he’s doing well. 

That was always the most important part. Once we established that he would be getting better and he did and then we supercharged our real estate stuff towards that goal. Unlike my peersI’m still in my 30s, it feels like, “How did you even think about this stuff that early?” It’s simply because we were put in that situation where it made us think that far ahead.  

Tell us a little bit about your strategy. I know that you live in Silicon ValleyYou’re 10, 5 miles away from me. We’re in a similar market. The ladies that are reading know that I do executive properties. They also know that we play mostly or I for appreciation. I usually cut even and then I play for appreciation here. I’m making some shifts for cashflow now as I’m thinking about retirement. My strategy is in transition. Normallywe don’t talk about cashflow in Silicon Valley and yet you do it. Tell us a little bit about what you’re doing in this highcost of living area to make that happen.  

When I started, I bought into that narrative as well, which was, “You can‘t cashflow in California. What are you trying to do with apartments?” Cashflow is tied to the value of the apartment. It’s all connected. I first started my investing career out of state and then I brought my money back to California. Even I couldn’t afford California when I first started. I took my money out of state, doubled it in a year and a half and then brought back enough about $700,000, which I then invested into an apartment here in California. To answer your question, the strategy that I‘d use is I buy in rentcontrolled markets. Historically, San Francisco, Oakland, Berkeley, they were all rentcontrolled for decades.  

There are apartments that are way below current market rents. An apartment now in Oakland, a one-bedroom is paid $2,500Oakland has been historically rentcontrolledProbably, a onebedroom is at $600, $700, way below where the market is. The strategy involves buying an older, valueadd apartment, which has work that needs to be done. Talk to the tenants and negotiate what I call Cash for KeysIt has been used all over the country. It’s an agreement between the landlord and the tenant to pay an agreed-upon sum of money in return for an empty apartment 

You talk to the tenant. If they’re willing to talk to you then you come to an agreement on what amount of money would be paid for leaving the apartment. Once you do that, you would draft up a piece of paper that says that. You pay them the money. You are left with an empty apartment that you can now renovate and put it back on the market at that $2,500There are lenders who will lend you both on the renovation, purchase and the Cash for Keys. They’ll even pay you the amount of money you need to pay the tenant. 

What if a tenant says no?  

If they say no, it’s a no. There’s nothing you can do. You can wait six months and then you can go back and initiate a conversation. What I recommend is while you’re in contract on a property to start the conversation so you know how many people are likely to move out. If you are not going to make the cutoff to make your numbers work then back out of the deal. If you are able to hit the numbers that you’re looking for then you move on. When I started, I did not have this piece of information so I took a chance. What I found is as you buy more and more number of units, about half the units tend to turn. People are willing to move out and all of that good stuffI recommend folks to talk to the tenants while you’re in contract to know for sure where you’re going to land with that. 

Fifty percent is enough to make the numbers work. Is that true? 

It is enoughin most casesIt’s case by case. In most cases, 50% is enough. 

Talk to me a little bit more about the valueadds that you put in. 

I do heavy lifting valueadd, which means I gut the whole unit. Historically, I’ve had success with converting studios to 1bedrooms, 1bedrooms to 2bedrooms. We live in such a dense area, you can get a significant bump up in rent if you did that even if it’s a small onebedroom. My studios are probably 475, 450 square feet. I was still able to add a bedroom by removing the kitchen. If you think of an older apartment, kitchens used to be a separate room. People don’t want that anymore. They want the open kitchen floor plan. We moved the kitchen into the living room, took some of the square footage that was previously a kitchen, added some more from the living space and then made a separate bedroom. That allows us to bump up rents $300 more than what I would have gotten for a studio. 

I know this number is not correct but I’m going to give some examples to keep it easy. You’ve got a studio that should rent for $1,000. Maybe it’s renting for $500. You do Cash for Keys to get them out. Normally, you could do a basic cosmetic refurb and get people in for $1,000 just by doing that. Now, you cut even on your Cash for Keys. If you gave them $2,000 to move out, now you’re up in here than at four months. You’re getting better range. You can refinance from there. However, you’re not even stopping there. You’re turning that studio that would normally go for $1,000 into a onebedroom. It might go for $1,500 to increasing your rent significantly more, correct? 

That’s exactly right. It still ends up being a junior onebedroom. You may not get the $1,500 but you’ll get $1,400 or $1,350. It’s still a significant amount on top of what you were expecting to get. Usually, a city does not have a problem with that kind of conversion because you’re not increasing the square footage at all of the unit. You’re just changing the interiors. Once you establish that with one of your units, you can now do that for the rest of them. 

You do need to get city approval for all of that stuff. How big are the communities you‘re buying? What are the apartment building sizes usually? 

REW 47 Sri Latha | Multifamily Investing

Multifamily Investing: It all starts with a good broker who then refers you to the right people.

 

Usually, I buy 12 to 20. That’s the range that is the sweet spot. I do sometimes buy portfolios of smaller properties. If someone wants to unload say 3, 4 or 5 units, I might buy those as well. I found over the last few years from my experience that I prefer the big one, as opposed to many small ones. It takes away from your mental capacity to manage five as opposed to managing one. 

Also, with lending, when you buy a portfolio, do they lend on the whole portfolio? Do you have to get each one separately? 

They do lend on the portfolio. It’s a little bit more complicated when you sell it off piecemeal. There are some nuances there for sure. I tend to use hard money lenders when I buy in California. Those are the lenders who would finance a property that is so under market, where the rents are so terrible and no one else would put a bank loan on it. The hard money lenders are the ones who would finance either distressed properties or properties that are severely under market. 

What kind of terms do you get with them? Do you still do a five-year with them? Do you do a shorter term and then refinance with a normal bank after? 

Correct. It’s shorter term. It’s about a year to eighteen months with an optional extension. The interest rates are 9% to 12%They’re pretty high. The goal after it’s stabilized, you will then refinance with a permanent loan, say years, 10 years, something like that. 

You mentioned something about a hotel conversion. Can you talk to us about what you’re doing around that?  

I’m in contract on a hotel to multifamily conversion out of the state. I’m in Albuquerque, New Mexico. That’s where my property is located. I’m still in contract and yet to close but now we just got financing and all that good stuff in place. That’s exciting. What that strategy is, one, we are in COVID. Hotels are badly hit by COVID. Therefore, there are hotels that are looking for buyers before they go into severe distress. They’re looking for buyers because they anticipate going into distress down as time goes on. We were able to find properties that were already zoned for multifamily. They’re hotel but the land use allows that piece of property to also function as a multifamily property. I only went after those kinds of properties because rezoning, generally speaking, is a nightmare. You don’t want to get caught in that web. 

I went after properties that would allow me to convert to multifamily without that extra work. Once I identified those properties and I called the hotel broker, who did all the talking for me and got us in contract and now I’m putting kitchens in each of those hotel rooms and converting them to studio units. Why this strategy works is I buy a hotel room at $20,000. I put in about $15,000 of work. Now, I’m at $35,000. A multifamily per unit sale price is at $70,000 in that marketI’m buying, finishing and stabilizing every unit at $35,000I get to sell it at $70,000 in a reasonably good location. That’s how that strategy plays out. I’m in the process of doing it. 

Are they condo conversions or apartment conversions? 

They’re not condos. They continue to be multifamily rental apartments. You can condoconvert. One thing that happens a lot in San Francisco and Oakland is you buy a multi and you convert it to condo conversions. The problem with that is condo markets are very volatile. By the time you were converted, it takes about a year and a half to do that. By the time you’re done, you don’t know if the market’s going down or up. With a lot of new construction coming into San Francisco and Oakland, it’s hard to compete with smaller multifamily when they’re looking at nicenew buildings. Condo conversions exist in California. The one I’m targeting is a hoteltoapartment conversion and it cashflows well. It makes a profit on the back end when you sell. 

Why did you not do any of those in the local area? Were they not available? 

There are two aspects of it. One, you need a hotel that’s a little bit older, like built in the 1970s or so. You need an influx of a lot of new hotels in that neighborhood or that citywhere people are not patronizing the old hotel as much and they’re not operating at capacity. The last thing is the zoning needs to lend itself to that conversion. We came across a property that was already zoned in Albuquerque and that’s how the light bulb went off. We pursued that market strongly until we got into contract on one that worked for us. The truth is, zoning is so varied and so incredibly nuanced. It’s very hard to just pick or 10 markets where everything fitsWe’re nearly half nowI’m in the process of digging into particular markets where this zoning is similar to AlbuquerqueNew Mexico where I can then implement this in other markets. 

How do you find your teams and staff in those out-of-state markets? 

When you go out of state, it’s like“You know nobody. How are you going to set things up?” I think it all starts with a good broker. Honestly, from my last experience with investing in Dallas and this experience in Albuquerque, it starts with a good broker who then refers you to the right people. The second is I also happen to be a realtor. I get to dig into like, “Who owns what? Which banks are funding what? Who did which deals?” CoStar has been very helpful in the process of going out of state. Now, I know who are the agents who are doing big deals in that state or who are the agents at least working within the unit sizes that I’m looking for. Who are the banks that are financing these kinds of properties? I know all of that stuff from CoStar. 

CoStar, is that available to people that are not realtors? 

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It is available to investors now but there’s a high price tag on it. Let’s put it that way. It’s a commercial MLS, where all commercial properties show up. If you’ve heard of LoopNet, LoopNet is owned by CoStarCoStar is the parent company. It owns LoopNet. LoopNet previously had a lot of information on it. Once CoStar bought them, they took off a whole bunch like you can‘t find comps and the cap rates. It’s very hard to get information from LoopNet. Now, they want you to buy CoStar and get a license. You have access to a lot of data. They have even cityspecific data like household income. You can sort all over the country by population growth, household income, all of that good stuff. It helps narrow down your out-of-state markets significantly.  

How do you find a good broker out of state? 

I would pick up the phone and call. 

It’s the conversations to find somebody that you feel comfortable with. Is that true? 

No. 

It’s just pick up the phone, make phone calls and then you’ll pick somebody that you feel comfortable with. 

The first initiation is usually they tend to have a listing that’s on the market. You call specific to that listing. You may not end up buying that one but you get in conversation with the broker itself. For multifamily, I also recommend Marcus Millichap. They’re all over the US. They’re a brokerage firm. Someone who’s at the associate or senior associate level tends to be hungrier for newer investors. At that point, they’ll be willing to work for you.  

Tell me a little bit about investing out of state. Like you said, initially, you invested out of state, doubled your money and brought that money back. What were you investing in then? What was the strategy that you were using that you said you doubled your money with? 

The strategy is simple. It’s the valueadd apartment strategy. You buy an apartment that is renting a little bit under where the market is. I would go in there and renovate the units as the lease ends. Whenevethe lease ends, unlike in California where you can’t have your tenants move out at the end of the lease. States outside, which are more landlordfriendly and not rentcontrolled, will allow you to go in there and renovate your units whenever the lease ends. When the lease ends, I would go in there, renovate those units, put in washer dryers, make them more attractive and then put them back on the market at the new rents. 

I did that for all twelve units. In a year and a half, I was done with all twelve of them. I put that property back on the market. These apartments make more income now. The crux of the strategy is that apartments have valued on income. When your net income is now increased, that property is now worth a lot more than when you bought it. The down payment that I put in was about $300,000I walked away with about another $300,000. I walked away with about $700,000 and I brought that back to California. 

This is something I want you ladies to understand. She said something key here. This is something you want to know when you’re looking at value-add and that thing with apartment buildings. We’ve talked about this before on the show. Lending for buildings that are five units or more is based on the rental income. It’s not just the rental income. There is other income. There’s from laundry and other things, parking. There are other places that you can get incomeThe income of the property is what you get your loan based on. It’s not based on your personal credit score or your personal financials. It’s based on the income of the property. That’s the difference between when you’re getting a loan for anything that’s four units or lower or if you’re going for five units or higher. 

That’s exactly right. That makes a huge difference in the valueadd strategy from the point of view of an investor. You now know how to control the value of your property simply by increasing its income or reducing its expense. By doing both, you can now supercharge your investing strategy. You do that on one, you unlock the value on that property. You sell it. You do it again, you unlock the value on that one. If you find yourself in a market that has suddenly turned, you do nothing. You just hold on. It cashflows like it would normally do 

REW 47 Sri Latha | Multifamily Investing

Multifamily Investing: Cashflow is tied to the value of the apartment.

 

You can choose to renovate or hold off on renovations until you’re certain where the market’s going. It lends itself to a safer strategy. The lenders that used in out-of-state markets are the commercial banks, did fund those deals, unlike California where I use those highpriced loans where you‘re forced to refinance, which is much harder. You don’t want to put yourself in that situation. If you’re going out of state, you have way more ability to control the financing aspect of it because you’re now in an apartment that makes money. 

Do you have any other states that you particularly like? Do you just look for specific projects? 

I started out in Texas. That’s always a good oneHalf of California is moving to Texas. Texas is always a good one. Florida is another favorite. The rest is just based on the deal itselfI try to get in contract on the deal. If it looks good on paper, I try to get in the contract firstIt’s either me or my husband who flies out there and looks at the property. 

I have never heard of this particular strategy. Thank you so much for bringing that to my ladies. I know in EXTRA, we’re going to do an even deeper dive. You’ve given some good details on how this works but it is still highlevel. Ladies, she’s going to go into a deeper dive and give us some real specific pieces of the strategy and a breakdown of the numbers so we can see exactly how she’s implementingWe’re going to be talking about that in EXTRA. Stay tuned for that. For now, Sri, tell us how my ladies can get in touch with you. 

I have a website. It’s TheSriLathaGroup.comMy name is Sri Latha. It just goes with that. I’m on Instagram as @BayArea_Multifamily. It’s fairly straightforward. I’m also on Facebook. I have a Facebook group called Bay Area ApartmenInvesting Mastermind. If you’re local to California or any highcost of living area and you want to know the inside strategies or want to ask me a question, you can go on FacebookSearch for Bay Area Apartment Investing Mastermind. You’ll find the group and feel free to talk to me there.  

Thank you so much. I know that you’ve got a free gift also that you wanted to offer my ladies. 

Yes. I do have a link to Apartment Investing Basics video where I go into more details of why apartments are different from four units and under or residential, how to add-value to apartments, how to increase the value of your property specific to apartments and some examples of what I’ve done in the past. 

That’s a Vimeo URLladies. Go ahead and look for that there. Thank you for that. 

Thank you, Moneeka. 

Are you ready for our three rapidfire questions?  

I am. 

Sri, tell us one super tip on getting started investing in real estate. 

The super tip I have for your readers is to not use anybody else’s calculator. That’s how I got startedPut the numbers into a blank Excel spreadsheet. That’s my tip. You will learn so much from doing that. You won’t have any hesitation jumping into a property after you build your calculator. It’s a great way to get started. 

What is a strategy for being successful in real estate investing? 

My strategy or tip for that is when you’re in your early stages of real estate investing, try to exponentially grow either the number of units or your strategy itself should lend itself to exponential growth. You don’t want to buy one and then never sell it for 30 years. Maybe I’m not talking to the majority of the people out thereI truly believe in growing your strategy exponentially, where you buyunlock the valuesell it and upgrade to bigger and larger number of units. Holding onto one and then saving enough to buy another is going to take forever. I highly recommend exponential growth in the early stages of your real estate investing so that you can cut that 20year time frame to 10 or to even. 

A good morning routine is key to your success. Share on X

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

As a mom of two kids, it has to be my morning routineI wake up before my kids do. Otherwiseyou’re not going to find any time to do anything. My kids are and 4I try to wake up before they dodo some meditation, some affirmations, some journaling. All of that keeps me sane through all of the madness of real estate. 

In my book, Choose Bliss, one of the very first strategies that I talk about for bliss is setting that morning routine. The thing is we all have a morning routine anyways. For most of us, it doesn’t serve our day. It doesn’t set us up for success and bliss. It normally just gets us out the door frenzied. Thank you so much for that. Sri, this has been amazing. Thanks for all that you’ve shared on this portion of the show. 

Thank you so much for having meMoneekaIt’s always fun to talk to you.  

Ladies, thank you for joining Sri and I for this portion of the show. If you are subscribed to EXTRA, stay tuned. We’re going to be talking more deeply about the specifics of this strategy that Sri shared with us. We’re going to get more specifics on how to create the strategy, implement the strategy and also some more of the numbers to hash that out for us. I’m excited about that. If you’re not subscribed to EXTRA but would like to be, go to RealEstateInvestingForWomenExtra.com. You‘ll get the first seven days for free. Come check us out. If you don’t love it, you don’t have to subscribe. For those of you that are leaving us now, thank you so much for joining Sri and I for this portion of the show. I appreciate you and I can’t wait to see 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 Sri Latha

REW 47 Sri Latha | Multifamily InvestingSri is a business leader with over 6+ years in the Credit Scoring Industry and over 6+ years in the Real Estate industry. As a former data scientist for FICO, building FICO scores for banks all over the world, Sri has extensive knowledge and experience with the mortgage loan process, allowing her to educate and support her clients as they pursue their dream to own property.

An investor in Silicon Valley, Sri has actively invested in commercial multi-family properties since 2013 with outstanding results. Sri shares her insights, resources and strategies, taking the fear out of real estate investment for both first-time and seasoned investors alike.

As a wife, mother of two and resident of the Willow Glen area of San Jose since 2008. In her free time, Sri loves Bikram Yoga and hiking with her dog and her family.

 

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

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7 steps for new investors with Leah Collich

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Today I’d like to welcome to the show our guest Leah Collich!

About Leah Collich

Leah is a native Texan and is the spouse of an active duty Army officer. The Army has afforded them with the opportunity to see the world and live in Asia, Europe, South America and all across the US. Their life abroad led them to realize a passion for travel and adventure and they quickly discovered that real estate investing was one of the best ways boost their passive income so they could continue this lifestyle after the military.

Her professional background is in communications and after working as a government consultant for many years, she now works full time in real estate, passively managing her own portfolio of rentals and as an investment counselor at the Real Wealth Network. Every week she speaks with dozens of investors about how they can make their real estate investment goals a reality through the purchase of “turn key” investments. 

In this episode of EXTRA we talked about:

  • Clarify Goals 
  • Define Current Situation 
  • Discover your Purchasing Power
  • Determine Your Financial Strategy 
  • Determine Your Purchasing Strategy 
  • Refine your “Buy Box”
  • Diligently Execute

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Learn how to create a consistent income stream by only working 5 hours a month the Blissful Investor Way.

Grab my FREE guide at http://www.BlissfulInvestor.com

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