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Women Invest in Real Estate

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Jun 26, 2023 • 41min

WIIRE 051: 3X Your Revenue with Midterm Rentals featuring Jesse Vasquez

Hello everyone, welcome back to another podcast episode! This week we are joined by Jesse Vasquez, an expert in the REI space and we are so excited to hear him share his insight on the things he has accomplished and the things he has dove into that we have not dabbled in quite yet. Jesse has an amazing YouTube channel where he shares a lot of excellent content on getting started in REI and growing your REI portfolio.Jesse actually got into the MTR space by accident. He had been working in 17 years and saw so many clinicians coming into the area with a midwest accent (sound familiar?). He met a nurse named Barbara who was staying at a Motel 6, in a terrible area, paying way too much. By getting to know her he found out how much of a need there was for housing in the area for people like their own travel nurses.He sold the only vehicle he owned, a Toyota Tacoma, to purchase his first MTR property at 34 years old in 2015. With little to no support, he took his first steps into the MTR space. However, what he did have was a vision for what he wanted to do to help these travel clinicians and other traveling healthcare workers.Jesse firmly believes that sometimes you have to take those desperate measures to make big moves.If you want to get more info or connect with Jesse you can find him on Instagram @therealjessevasquez.Thank you so much for tuning in to the WIIRE podcast, we’ll see you next week!  Resources:Get more info on Jesse VasquezCheck out Jesse’s YouTube channelConnect with Jesse on InstagramJoin our MTR CourseLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
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Jun 19, 2023 • 30min

WIIRE 050: 10 Creative Ways to Get Started In Real Estate

Welcome back friends! Can you believe we are celebrating episode 50 already! We are so grateful for each one of you and want to thank you from the bottom of our hearts for joining us on this REI journey and hope we’ve provided insight and entertainment into what it looks like to go full-time investing!In episode 50 we are sharing our list of 10 creative ways that you can get started, right now, in real estate investing. This particular list is for someone with little to no money to get started with but is willing to jump in with both feet and do the hard work. We will also dive into the advantages and disadvantages of each one.We like to say that you need to have at least one of these three things to get started: 1) money, 2) time, 3) experience.Let’s get started!Our list of 10 Creative Ways to Get Started In Real Estate:Live-in flipRental arbitrageWork for an investorHouse-hackKeep you own home as a rental when you move (also known as ‘accidental landlord’)PartnershipsFind a mentorBecome a private money lenderBecome a realtorWholsalingThis is another one of those questions we hear a lot because so many are in this exact situation so get ready to expand your horizons and shift your mindset to see what is possible to start getting started!See you in the next episode! Resources:Get your copy of the Creative Finance Playbook + use code WIIRELeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram
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Jun 14, 2023 • 11min

BONUS EPISODE: Retreat Recap

Hi, friends! We’re coming at you with a BONUS EPISODE this week where we’re still riding our high from our weekend retreat with some inspiring REI women in Charlotte!If you’ve ever considered attending one of our retreats this episode is going to (hopefully) give you the push you need to get your name on our retreat waitlist and join us in-person at our next retreat!Still have questions? Feel free to DM us on Instagram to get them answered.Thanks for listening and we hope to see you at one of our upcoming retreats, friends! Resources:Get on the Retreat WaitlistLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
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Jun 12, 2023 • 21min

WIIRE 049: Our Favorite Property Class & What That Means

Hi everyone, welcome back to another episode. Last week we talked about your buy box and one of the things that should be in your buy box is property, or neighborhood, class. So this week we are going to break down the various classes of properties or neighborhoods, what they look like for us, what they might look like for you, and how you can benefit from knowing which ones are right for your portfolio. We will also be sharing our own personal examples of the various classes we have invested in as well as which class we most prefer to work within.First, topics like this are highly subjective, so please remember that what might be considered an A or B class to us, might not be in your area, and vise versa. Property and neighborhood classes have pros and cons on every level and we use a sliding scale to break them down and differentiate them, giving you some general rules of thumb as guidelines.Next, let’s talk about the various classes of neighborhoods:A ClassB ClassC ClassD ClassEach of these is defined very differently, and will look different based on the area you are investing in, however one thing to keep in mind is always your WHY and exactly what it is you are looking for (hint: remember your buy box!).In all, it comes down to two things:What are you looking for: appreciation or cash flor (or maybe a little of both)?What can you afford?If you have a question or topic you would like covered in an upcoming episode, send us a DM on Instagram and we will queue it up!That’s all we have for you this week friends, we’ll catch you in the next episode! Resources:Check out Steadily for your REI businessLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram
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Jun 5, 2023 • 23min

WIIRE 048: The Power of a Buy Box

Hi, friends! If you’re a frequent listener of the WIIRE podcast you’ll hear us talk a lot about our ‘buy boxes’ and in this weeks episode we’re going be diving into exactly what a buy box is, why having a buy box is important, how you can determine your buy box criteria and what our buy boxes look like. Let’s start by defining exactly what a buy box is…A buy box is a short, concise list of criteria of the exact deal you want to purchase.  Example of a buy box:“A single family home located in Des Moines, Iowa that has 3 bedrooms, 2 bathrooms, medium to low rehab, under $x (dollar amount).” Why should I have a buy box?A buy box is used to tell people (family, friends, investors, other REI professionals, etc.) exactly what it is that you are looking to buy. What criteria should be in my buy box?LocationNeighborhood ClassPurchase priceMetricsPhysical characteristicsRenovation level Lastly, remember that as you grow your REI business and your life changes you can adjust your buy box to keep your portfolio growing!We hope you loved this episode. Come hang out with us over on Instagram and share your buy box with us and we’ll catch you in the next episode!  Resources:Get TenantCloud for your REI bizLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
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May 29, 2023 • 41min

WIIRE 047: How I Quit My $200K Job to Go Full Time REI with Seena Ghetmiri

Hi, friends! Welcome back to another episode of the Women Invest In Real Estate podcast! We are so excited to have you join us this week because we are welcoming Seena Ghetmiri (yes, our first male guest, but don’t run away - you are going to want to hear his story!). Seena actually started out on the traditional path, heading to college and becoming a dentist when he decided to take his future into his own hands and pivot into the world of real estate investing.Leaving his 9 to 5, after following such a traditional path as his family expected, is such a hot topic and Seena’s story will truly resonate with so many of our listeners. Seena’s Middle Eastern family very much is the ‘higher-education parent generation’, where he did what he was ‘supposed to do’ by going to college and having a career in an upper level field.After graduation from dentistry school, Seena moved to San Diego from New York, although he quickly learned that working his job looked much different than he expected it to. He worked at that practice for 2 years before relocating again to Austin to take, at the time, what was his dream job. Things got better at this new practice but after the honeymoon period wore off he had the realization…“This cant be ‘IT’.”Seena wanted to start a family with his wife, but also wanted to be able to show up for them. This job wasn’t lighting him up and while the pay was there, his heart was not. He told his wife he wanted to take 6 months off and explore the world of REI. She supported him fully and he put in his notice and went all in. This maybe wasn’t the best route, but for him, it worked.Seena and his wife have since grown an impressive REI portfolio, has launched a podcast (a MUST LISTEN!), and he and his wife are expecting their first child.Thoughts from Seena:Share your interest - put it out into the universeFind a good mentor (they don’t need to be an REI expert!)Take calculated actionCreate an experience for your guestsGive yourself permission to dreamFind a way to raise the level of urgency to just get startedMake the move, you only have one shotIf you want to learn more about Seena, follow along on his journey, or want to connect with him, you can find him on Instagram. We also highly recommend checking out his podcast, Ghet Investing.Thank you for tuning in, we’ll catch you in the next episode! Resources:Connect with Seena on InstagramVisit Seena’s website Ghet InvestingListen to Seena’s Podcast, Ghet InvestingPeach House Denver Airbnb:  Luxury 5 BR Retreat|10 min to DT Denver|Hot Tub - Houses for Rent in Wheat Ridge, Colorado, United States - AirbnbLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram
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May 22, 2023 • 17min

WIIRE 046: 5 Ideas for Furnishing Your Midterm Rental

Hi, friends! We’re so excited to have you back! Mid-term rentals are by far our favorites at WIIRE and we have really refined our processes throughout our years in the business and one of the ‘fun’ aspects of owning mid-term rentals is of course, furnishing them! So in this episode were talking all about how to get creative when furnishing your MTRs without breaking the bank. Let’s dive in!Our 5 golden rules to furnishing MTRs:Keep it cute, cozy and comfy.Select furniture that is easy to put together (or buy pre-assembled items off of Facebook Marketplace).Include a starter set of items people won’t want to run out and buy right away (think spices, dish soap, laundry detergent, trash bags, etc.).Choose easy to clean items (duvet covers, dark linens, mattress protectors, cushion covers, etc.)Miscellaneous! This is everything that doesn’t fit into an above category.Post your ‘house rules’ on the back of the front door (Wifi password, when garbage pickup is, door codes, etc)Thermostat + water reminders for when they are going to be our of the unit for several daysProvide pet poo bags if you allow pets (you’ll thank us for this!)Have a keypad entry that allows a master codeInclude a washer and dryer, when possibleTwo final thoughts on furnishing your MTRs is that keep it simple - you don’t need to provide luxury accommodations (unless that’s your specific niche) and also, remember that a little goes a long way.If you have some unique ways you’ve furnished your properties we would love to hear them so shoot us a DM on Instagram!That’s all for this week friends, we’ll catch you in the next episode! Resources:MTR episodes: Episode 5, Episode 13, Episode 15, Episode 17, Episode 39Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
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May 15, 2023 • 44min

WIIRE 045: 5 Reasons the BRRRR Strategy is So Powerful with Anam Ali-Hashambhai

Welcome back to another podcast episode! This week we are excited to welcome our friend Anam Ali-Hashambhai to the podcast. Anam is a real estate investor born and raised in the Dallas, Texas metroplex and also where she and her husband have chosen to plant their roots and build their REI empire.Anam and her husband are self taught investors who have grown their REI portfolio to an impressive $25 million. But, like most people, they started much smaller. Since the cost of buying real estate in the Dallas/Fort Worth Metroplex is significantly higher than in some other areas, and paired with the fact that they were using their own capital, Anam and her husband realized they needed to widen the scope of their properties to be within 45-60 minutes of the Metroplex. They spent many hours together driving from one property to another after their full-time jobs, building their relationship along with building their business.Whats more impressive is that they have done all of this using the BRRRR strategy, they self-manage all of their units, and for the first few years, used their own savings and capital top fund their buys. However, during COVID they began using hard money lending and realized they wished they would have done so sooner to allow them to scale their business faster.While they have dabbled in multi-family properties, Anam and her husband primarily plan to continue investing in single family homes.What is a BRRRR? It stands for:BuyRehabRentRefinanceRepeatHere are our 5 best reasons the BRRRR strategy is such a powerful strategy:You can recycle and reuse capitalYou can use other peoples moneyYou can achieve greater equity positionHigher quality tenantsLess maintenance + CapExThat’s all for this week! A HUGE thank you to Anam for joining us; if you’d like to know more about her or follow along with her REI journey you can find her on Instagram. You can also hear more about her and her investment strategy by joning us at our Virtual Summit, Set to Scale, later this week - happening on May 17-18!See you next week, friends!  Resources:Grab your tickets to our WIIRE Virtual Summit happening on May 17-18Connect with Anam on InstagramLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram
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May 8, 2023 • 32min

WIIRE 044: Do you need an LLC to invest in real estate?

Hi, friends! Welcome back to another episode! This week we’re answering another question we hear a lot and that question is ‘do I need an LLC to invest in real estate?’. While there really isn’t a cut and dry answer, we are going to share with you our personal thoughts on the subject, as well as our own experiences.Just a reminder, we are not attorneys and while we love sharing words of wisdom, we always recommend consulting with your attorney to find out what will best suit your specific business and personal legal needs.In this episode we’re diving into:What is an LLC and what does it doThings to understand about an LLCProsConsBenefitsTax details First, what is an LLC?An LLC, in its simplest form, is what separates your business liabilities from you personally, for asset protection. This means that a tenant cannot come after you personally, should something go awry at one of your properties. The long and the short of it:If having (or not having) an LLC is what is keeping you up at night, and keeping you from getting started in real estate, STOP! Put it aside and revisit it later because this is where so many people find themselves stuck, and never even get started. That’s all we have for you this week but if you have a question you’d like us to chat about on an upcoming episode please feel free to email us! Also, if you haven’t done so we would LOVE it if you could leave us a review wherever you listen to your podcasts to help other listeners like you find us! We will catch you in the next episode! Resources:Leave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram
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May 1, 2023 • 24min

WIIRE 043: 3.625% for 26 years with Creative Financing: Deal Deep Dive with Amelia & Grace

Hey everyone, welcome back to the Women Invest In Real Estate podcast. We are so excited because, in this episode, we're going to talk about a creative finance deal that Grace just did and is probably one of the best creative finance deals she has done lately. We have both been so busy doing our own thing and keeping our businesses in line that Grace has not even shared these deets with Amelia so it’s going to be a good conversation! Let’s get started!But first, you haven’t already (especially if you’re new to creative financing), we highly recommend listening to the episodes in our Creative Financing mini-series with Jenn & Joe Delle Fave. Find them all here:Ep 35Ep 36Ep 37Ep 38 How She Found The DealThis particular house/deal was found through one of our favorite sourcing methods, referrals! A friend of Grace’s told her about this person who was looking to sell their home only a few years after they originally purchased it due to some major life changes. She reached out to the seller and the seller was super responsive to her offer, and they had already built that know, like, and trust factor in play here which immediately set them up for a successful deal, especially since it needed to move quickly.Grace bought the house via a wrap mortgage, taking over the owner's debt, buying the house, and owing what the house was worth. She really did not have any equity, basically owing what the house was worth (about $77,000 owed on the house). Grace offered the seller $91k, less the newly surfaced issues from the sewer repairs, which were estimated to cost roughly $12k bringing it to about $79k. The seller jumped at the offer and it was a done deal.  Here is an approximate breakdown of what Grace paid for the deal:$270 at closing$10k sewer repair$1k referral fee$1k attorney fees Some of the most common questions Grace will answer in this episode are:How do you make her mortgage payment?What about insurance?Did you buy the house in a trust?What are the risks of creative financing?Where did you learn everything you know about creative financing? Thank you for tuning in, friends! We hope you’ll join us on May 17 & 18 for our Virtual Summit where we’re bringing together top real estate investors from across the country to share their insights, strategies, and success stories!We’ll catch you in the next episode! Resources:Listen to the Creative Finance series: Ep 35, Ep 36, Ep 37, Ep 38Grab your tickets to join us at our Virtual Summit May 17 & 18Use the code WIIRE to get $250 off the Creative Financing PlaybookLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

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