Finding the Right Strategy in Real Estate Investing

16min Snip

00:00

Play full episode

Summary

Transcript

Episode notes

In this chapter, they discuss the importance of finding and picking the right strategy in real estate investing. They talk about the natural journey that real estate investors go on, starting with single family homes and then moving on to larger commercial properties. They also discuss different property types and emphasize the importance of trying different strategies to determine what works best for each individual.

Patrick Donley sits down with Lauren Keen Aumond to talk about her journey to financial independence. They also touch on how she learned how to ignore the Joneses, what her real estate portfolio looks like, how she found the right strategy that works for her, how she educated herself in both real estate and personal finance, and so much more.

IN THIS EPISODE, YOU’LL LEARN

00:00 - Intro

01:59 - How Lauren first got turned on to the principles of financial independence.

02:10 - Who her biggest influences were growing up.

04:15 - What the financial blueprints were that she picked up from her parents.

08:25 - How she learned not to keep up with the Joneses.

10:28 - What her early career aspirations were.

14:59 - What her early real estate portfolio looked like.

14:59 - How she used 1031 exchanges to trade up in her portfolio.

17:11 - How she got lured away from FI and pursued the trappings of society.

17:31 - How she laid the groundwork for financial independence.

22:39 - How Lauren found the right real estate strategy that worked for her.

22:44 - How she educated herself about real estate.

25:55 - What her favorite personal finance books are.

28:15 - What she would have done differently to accelerate financial independence.

29:26 - Why she’s a big proponent of house hacking.

30:55 - What it’s like building wealth once you are married.

34:25 - What her main goals are for 2024.

37:26 - The benefits of short-term vs. long-term rentals.

37:26 - What the economics of Airbnb rentals are.

39:37 - What she’s learned from some of her favorite podcast guests.

42:42 - How the idea for House Money Media came about.

45:58 - What it was like for Lauren to have Elon Musk respond to her tweet about 401k’s.

49:35 - What are some of the biggest financial mistakes she sees younger people making.

And much, much more!

*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.

BOOKS AND RESOURCES

Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members.
Recommended Book: The Pschology of Money by Morgan Housel.
Recommended Book: Your Money or Your Life by Vicki Robin.
Recommended Book: Set for Life by Scott Trench.
Recommended Book: I Will Teach You To Be Rich by Ramit Sethi.
Recommended Book: The Simple Path to Wealth by JL Collins.
Recommended Book: The Everything Guide to House Hacking by Robert Leonard.
House Money Media
Related episode - REI152: NFL’er Has Time for Real Estate, So Do You w/ Devon Kennard | YouTube video.
Check out the books mentioned in the podcast here.

NEW TO THE SHOW?

Follow our official social media accounts: X (Twitter) | LinkedIn | Instagram | Facebook | TikTok.
Check out our Millennial Investing Starter Packs.
Browse through all our episodes (complete with transcripts) here.
Try Kyle's favorite tool for picking stock winners and managing our portfolios: TIP Finance.
Enjoy exclusive perks from our favorite Apps and Services.
Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets.
Learn how to better start, manage, and grow your business with the best business podcasts.