Hi friends! We are so pumped to have you join us this week because in this episode we are joined by Rachel Richards. Rachel is a financial advisor, turned real estate assistant, turned self-published author, and is also a thriving REI boss-babe who makes big moves in the world of syndications! Rachel is a true inspiration of what it looks like to build your business from scratch and we hope you will take away some powerful thoughts to help you also start to make some big moves in your portfolio, even if you are just starting out.Rachel, aka, ‘Money Honey Rachel’, started out in the real estate world in fairly low-paying jobs and at one point was also an assistant to a highly toxic realtor. This person made their employees cry on a regular basis and at one point, Rachel remembers looking at herself in the mirror on a particularly bad day with this person and decided…“This is it, I’m going to find a way to buy a rental property this year".”Within six months, Rachel had made an offer on her first property and closed in early 2017. Looking back, she remembers talking about investing and wanting to take action on it, but just hadn’t pulled the trigger so this was exciting and highly empowering.“I really do believe that anyone my age, at any income, can achieve financial independence.”Rachel started out with only $10k in savings and purchased a duplex with long-term tenants as her first property. The second was a boarding house, and now Rachel focuses her time and investments primarily on syndications, which has become her absolute favorite way to invest as they truly are the ultimate passive income.Currently, Rachel is invested in 10 syndications as an LP (Limited Partner).To learn more about what Rachel is currently working on, you can find her over on Instagram.Thank you so much for tuning in, we’ll see you next week! Resources:Visit Rachel’s websiteGet Rachel’s Passive Income Starter KitGrab your copy of Money HoneyGrab your copy of Passive Income Aggressive RetirementJoin our WIIRE Property Management AcademyLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hello everybody, welcome back to another podcast episode! This week we are walking you through each of our 2nd-ever deals, which were both coincidentally multi-family properties. We are sharing our experience with how we found the deals, the ways we financed/purchased the deals, how we handled inherited tenants, and what we’ve learned since. Let’s get started! Amelia’s First Multi-Family PropertyAmelia purchased her first multi-family property, a fully occupied quadplex, in December 2020. She happened to purchase this deal from the same seller as her first deal which made things super simple since she had already worked with them before. The property had two units with 1 bedroom/1 bathroom each, one unit with 2 bedrooms, and one unit with 3 bedrooms. To purchase, she put down 20% of the $135k purchase price on a 20-year amortization with 4.5% interest.Since this property came fully occupied she has trained the tenants on her processes and also learned a lot from them as far as how to get inherited tenants on board with the processes of having a new landlord. One of the tenants ended up moving out when she initially raised the rent, but the other three are still living there 2.5 years later and keep their units in excellent condition so she is in no hurry for them to leave.This property is one that Amelia really doesn’t have a need or desire to sell unless something amazing came along. Grace’s First Multi-Family PropertyGrace purchased her first multi-family property in April 2021, on a referral from her uncle. It was 2 duplexes, all of which were fully occupied. The properties were in a good area and all in good condition. Three of the occupants were families and one was an insurance claim tenant.To finance this purchase, Grace went in on the deal with her boyfriend and her sister, splitting the down-payment three ways and she even talked her local bank down to only 10% down on a $255k purchase price, due to the built-in equity she saw the property had.They self-managed the property and decided to rehab one of the units into an MTR to rent at $1,600. Now two of her family tenants are still there, one has turned over and Grace plans to keep this multifamily basically forever.One lesson Grace has learned from this particular property is that up/down duplexes are vastly different than side-by-side units. This is a great learning episode because we are sharing so many of our personal lessons learned, the ways we have lost and saved money on multi-family properties, and why it’s so important to spend time placing good tenants, rather than just taking the first applicant you get, and also why you should keep good inherited tenants rather than risking the costs associated with vacancies.Thanks for listening, catch you next week!  Resources:Learn how to self-manage your rentals with our Property Management AcademyListen to Dion Mcneeley’s Bigger Pockets episodeLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

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

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

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

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

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

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

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

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