Real Estate Rookie Buying Her First Rental (on a Teacher’s Wage) by Looking Beyond Her Backyard w/Lauren Mattina
13 snips
Oct 14, 2024 In this engaging discussion, Lauren Mattina, a dedicated science teacher from New York City, shares her journey of breaking into real estate investing on a teacher’s salary. She reveals how she overcame the challenge of being priced out of her hometown by investing in Oklahoma City. Listeners will learn about choosing out-of-state markets, analyzing rental properties, and building a reliable management team. Lauren also shares how to combat analysis paralysis and make competitive offers, offering valuable insights for aspiring investors.
AI Snips
Chapters
Transcript
Episode notes
NYC Teacher Invests Out-of-State
- Lauren Mattina, a science teacher in NYC, felt priced out of the local market.
- Despite modest earnings as a zookeeper and teacher, she prioritized saving for real estate investment.
Initial Aversion and Motivation
- Lauren's father, a lawyer specializing in landlord-tenant disputes, influenced her initial aversion to real estate.
- His health scare prompted her to seek financial freedom and early retirement options through real estate.
Financial Preparation
- Prioritize saving and budgeting before investing in real estate.
- Explore high-yield savings, Roth IRAs, and track expenses diligently.