In this engaging discussion, Grace Gudenkauf, a savvy real estate investor and co-author of 'The Self-Managing Landlord', shares her journey to financial independence in her twenties. She reveals how she started with house hacking and the importance of seeking mentorship. Grace delves into her transformative experiences with the BRRRR strategy and discusses the significance of automating tenant management. Her tips on building a support team and maintaining boundaries with tenants provide invaluable insights for aspiring young investors.
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Origin Story
Grace Gudenkauf's real estate journey began in college, inspired by her boyfriend's flip.
During COVID, they DIY-renovated a cheap house, doubling their budget and timeline.
volunteer_activism ADVICE
Funding Early Deals
Start with smaller investments, using private money or creative financing.
Scale gradually by reinvesting profits from successful deals.
insights INSIGHT
Market Advantages
Investing in lower-cost markets like Iowa offers a lower barrier to entry.
While requiring more properties to achieve the same portfolio value, it also carries less risk.
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Ever dreamt of ditching your W-2 job and diving into real estate full-time—especially with a family depending on you? On this episode of The Real Wealth Show, host Kathy Fettke sits down with GoBundance Women’s Mandy McAllister, who made that leap at age 35. After a divorce dealt a major blow to her net worth, Mandy rebuilt her financial foundation through live-in flips and small multifamily investments. Through strategic JV partnerships, she’s grown her portfolio to over 370 doors. Tune in to hear how she did it, the mindset shifts that helped her succeed, and how you can start paving your own path to financial freedom through real estate.
Topics Discussed:
01:01 Mandy's Real Estate Start
03:33 Mandy's Small Multifamily
05:33 JV Partnerships
07:33 JV Partnership vs a Syndication
10:10 Epic Mistakes
13:00 JV Agreements Clauses
14:30 Live in Flips
15:45 How to Leave Your W-2
17:05 How to be a Real Estate Investor and Keep Your W-2
*To celebrate the 1500th episode of Real Estate News for Investors, if you would like a PDF of 'THE TOP 5 CITIES TO INVEST IN', make sure to visit http://www.Realwealth.com/1500 to download!*
DISCLAIMER The views and opinions expressed in this podcast are provided for informational purposes only, and should not be construed as an offer to buy or sell any securities or to make or consider any investment or course of action. For more information, go to www.RealWealthShow.com