Sarah Eder - Building a $50 million real estate portfolio in just 4 years.
Jul 9, 2023
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In this episode, the hosts introduce Sarah Eder, a seasoned real estate investor, who shares her strategies for building a $50 million plus real estate portfolio in just four years. They discuss her investments in multifamily properties, student rentals, commercial buildings, and land development, as well as her education platform and newly opened enrollment for her mastermind. Sarah's journey from professional athlete to a real estate career, her shift in focus to quality investing, and the power of a good photo shoot are also discussed.
Focus on quality rather than quantity when building a real estate portfolio.
Utilize social media to connect with like-minded individuals, build a brand, and attract potential team members and partners.
Deep dives
Sarah Eder's Real Estate Journey
Sarah Eder, a seasoned real estate investor, shares her unique journey and success in the industry. In just four years, she and her partners built a $50 million+ real estate portfolio, consisting of multifamily properties, student rentals, commercial buildings, and land development. She started the Empire Builders community to support ambitious investors and wanted to create something for investors who wanted to build legacies and go beyond being just weekend warriors. Sarah emphasizes the importance of focusing on quality rather than quantity, and her goal for the next five years is to be intentional about partnerships, prioritize lifestyle, and delegate more effectively.
Finding Success in Real Estate with Joint Ventures and Creative Financing
Sarah shares how she got started in real estate after her career as a professional athlete. She began by working at a property management company, which gave her hands-on experience and exposure to the world of real estate investing. She learned about joint ventures and creative financing at networking events, which became her pathway to entering the real estate market with limited financial resources. By leveraging her property management experience and conducting extensive market research, Sarah gained the expertise needed to attract private lenders and joint venture partners. She emphasizes the importance of building credibility and expertise before diving into real estate deals.
The Power of Social Media and Women in Real Estate
Sarah highlights the role of social media in her real estate journey. By utilizing platforms like Instagram and Facebook, she connected with like-minded individuals, built her brand, and attracted potential team members and partners. Sarah emphasizes the need for women to have a voice in the real estate industry and encourages them to share their stories and expertise on social media. She believes that empowering women investors can create a positive impact and inspire the next generation of female leaders.
Shifting Focus: Quality over Quantity in Real Estate Investing
As Sarah has grown in her real estate career, she has shifted her focus from acquiring more doors to prioritizing quality over quantity. After experiencing rapid growth in her portfolio, she realized the importance of consolidating, streamlining operations, and delegating tasks to build a more sustainable and intentional business. Sarah aims to scale up by targeting larger multifamily properties, exploring syndications, and acquiring other cash-flowing businesses like laundromats and car washes. Her goal is to achieve financial freedom and a balanced lifestyle while making a positive impact in her community.
Looking to gain financial freedom through real estate? Join hosts Carly Grundmann and Jennifer Champion on the Building an Empire State of Mind podcast as they share the mindset and strategies necessary to build a successful empire. Carly and Jen have a goal to help 1 million women achieve financial independence through real estate.