Real Estate Rookie

Middle-School Teacher Makes $100K in 6 Weeks on Her FIRST Deal

11 snips
Jan 20, 2025
Guest
Laura Sides
Laura Sides, a middle-school science teacher turned real estate investor, made an astonishing $100,000 on her first deal in just six weeks. After reading 'Rich Dad Poor Dad,' she shifted her mindset toward wealth-building. She highlights the importance of forming connections, like the chance meeting with a neighbor that led to her first property. Laura shares her successful house flipping formula and her strategic shift to owning vacation rentals, emphasizing the significance of empathy and communication in real estate negotiations.
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ANECDOTE

Inspiration from "Rich Dad Poor Dad"

  • Laura Sides, a teacher, was inspired to invest after reading "Rich Dad Poor Dad" on vacation.
  • This sparked a shift in her mindset, leading her to explore real estate investing.
ADVICE

Seeking Expert Advice and Using HELOC

  • Connect with knowledgeable people, such as mortgage brokers, for guidance.
  • Leverage home equity through a HELOC for initial investment property down payments.
ANECDOTE

Unexpected Deal from a Neighbor

  • Laura's neighbor, Ms. Sherry, presented an unexpected investment opportunity.
  • Laura offered to buy the house for $300,000, prioritizing Ms. Sherry's need for convenience.
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