Biggest Misconceptions about Getting Started with Kaydee Smith Myers

When you’re thinking of jumping into the market, you tend to hear all the voices saying, “you have to do this first,” or, “No, if you do that, it won’t work.” Today’s guest is going to obliterate those fears and help you start seeing things from a new angle - your angle!  Kaydee Smith Myers is a real estate attorney and investor who has owned long-term rentals for over ten years now. She holds seven doors in her hometown of Omaha, Nebraska.  After stepping back from her legal career, Kaydee put her law degree to use in real estate investing. Her goal is to match her law firm salary with the cash flow from her investments by focusing on historic, “walkable” neighborhoods.  With all her hard work and experience, she’s here to dispel some of the biggest misconceptions about jumping into the market. If you’re just getting started or thinking of starting, this episode is the one for you!  Quotes • "You want to beat the market appreciation by either adding value as renovations or, you kind of know something about the market, that maybe other people don't know." (11:47 - 11:57) • "I really look at the neighborhood, and I think that sometimes the neighborhood has characteristics that people are seeking out… It doesn't have to just be renovations." (16:20 - 17:05) • "What people think is that the LLC is like a magic shield, and that's what I really don't like… You don't need to set up an LLC before you've bought your first property." (23:39 - 23:58) • "I do think you can get too into the numbers… Single-family homes also appreciate well, but you can pretty much always sell them quickly… it's not all about cash flow." (32:21 - 33:35) • "Had I've been reading all the stuff about 1% rule and the cash on cash return goals, I may not have bought my first investment property, and I never would have gotten in the game." (36:51 - 37:02) • "Start out with that big picture. Start out with where do I want to be? What kind of money do I need to be making? And then you're going to work backward to get yourself there." (41:09 - 41:18) Connect with : FB: @kaydeesmithmyers IG: @thewalkablelife IN: in/kaydeemyers   Resources Mentioned:  The Color of Law How To Join the InvestHER Movement  1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via: Apple Itunes  Spotify Amazon Music Android   Stitcher    2) The Real Estate InvestHER Membership  STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, it is a transformational experience for women looking to live life on their own terms. Apply today. We open doors in June. https://www.therealestateinvesther.com/reserve  3) InvestHER Community on Facebook  We have thousand of members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals!    4) InvestHER Meetups Around the Globe  We have Investher Meetup members attending in-person meetings across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE!     5) InvestHER™ eXp Team Our mission is to empower women in Real Estate to live a financially free and balanced life, and we are extending our support to Real Estate agents worldwide.   We have created exclusive content and support for the InvestHER™ eXp Team: *Top skills and strategies to grow YOUR business *How to utilize your “real estate agent” advantage to become a real estate investor *Monthly live masterminds *Become part of Libertas Organization with top coaches, Tim and Julie Harris.   Jonna Hall Weber is leading our team. If you have any questions or are ready to join our team, click here to schedule a call with her.