We are so excited to introduce you to this week's WIIRE Podcast guest, Alex Sheforgen. Alex shares her inspiring journey of managing 50 long-term rentals while balancing full-time jobs with her husband. Alex dives deep into creative financing strategies that made it possible for them to build a successful portfolio. She emphasizes the importance of community and networking in uncovering off-market deals, particularly through expired listings and mailers.

Our conversation with Alex highlights the power of negotiation and understanding financials when structuring creative deals. Alex also offers practical advice on managing tenant challenges, streamlining communication with tools like Google Voice, and leveraging local banks for smoother financing. She stresses that persistence and patience are key, and learning from others in the real estate community can help investors avoid costly mistakes.

Key Takeaways:

Creative financing can open doors for aspiring investors.
Expired listings and mailers are powerful tools for finding deals.
Strong communication and negotiation skills can make or break a deal.
Self-managing a large portfolio is possible with strategy and discipline.
Leveraging local resources and building relationships can lead to better deals.

Tune in to this insightful episode to learn how to navigate the complexities of real estate investing and scale your portfolio successfully and make sure to follow Alex over on Instagram!

Resources:

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WIIRE 173: Creative Financing for Off-Market Deals with Alex Sheforgen