Real Estate Rookie 161: Using Calculated Risk to Acquire 17 Doors In Under a Year (at Age 24!) w/ Grace Gudenkauf
Real estate favors those who value risk. An investor’s willingness to take a calculated risk separates the good from the great. And today’s guest, Grace Gudenkauf, is definitely on her way to greatness. This ambitious 24-year-old has managed to get seventeen doors between eight properties under her belt in less than a year, and she shows no signs of slowing down.
She was first introduced to real estate when her boyfriend decided to flip a house. It didn’t pique her interest until she reviewed the numbers and saw the potential. Since then, hard work and calculated risk have allowed her to have the accelerated success any new investor dreams of. A substantial amount of this success is due to her and her boyfriend making it a point to “never let the money stop them”, they “get the deal first and then find the money.” Most would be reluctant to take this approach, but it has worked phenomenally for Grace.
From talking directly to a VP at a local bank to deciding to leave her W-2, Grace keeps taking risks in the name of real estate, and it keeps paying off. When it came to deciding if she would leave her W-2 or not, Grace looked at the worst-case scenario to weigh her options. After it was all laid out—her worst-case financially, emotionally, and socially—she decided the risk was well worth it. This is an episode you don’t want to miss.
In This Episode We Cover
Taking on big rehabs as a rookie and how to DIY to save money
How to find creative ways to finance your property
Creating an LLC and structuring it so you can have fewer headaches and more properties
Residential vs commercial loans and why commercial loans can be a helpful resource to any investor
Commercial loan qualifiers and how to improve your chances of getting approved
How to look at the worst-case scenarios so you can feel confident in your risk tasking
And So Much More!
Links from the Show
Real Estate Rookie Facebook Group
BiggerPockets Real Estate Rookie Youtube Channel
BiggerPockets Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The "Nomad" Strategy
Check out the full show notes here: https://biggerpockets.com/rookie161
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