Women Invest in Real Estate

Hello friends, welcome back to the WIIRE podcast! This week we are beyond excited to welcome Natalie Palmer to the podcast. Natalie is a real estate investor, property manager, AirBnb Co-Host, host of No Vacancy The Podcast, and co-founder of the Level Up Your Listing Summit.Natalie has been investing in short-term rentals for about five and a half years and currently manages 10 properties in Big Bear, California, focusing most of her energy on co-hosting and the management side of the business. Natalie also co-founded the all-women STR Summit, Level Up Your Listing Summit, an all-women short-term rental summit held in Scottsdale, AZ (grab your tickets now for the March 2024 summit here).Natalie got her start in the short-term rental industry when her family vacation house in Big Bear started to get less frequently used as they grew up and she convinced her parents to test the waters and list it for rent for the week between Christmas and New Year’s. The 800 square foot, 2 bed/2 bath condo was listed and within 45 minutes of the listing going live on December 22, they received a booking for $2,500 for a check-in only 2 days later on Christmas Eve! They received another booking directly behind that one and decided to go all in and try one full winter season. They took all of the earnings her parents made on the rentals and bought a 2nd property in the area, which Natalie also manages as well. During the renovation of the 2nd property, the neighbors approached her about managing their rentals and Natalie eventually went full-time managing multiple short-term rental properties in the Big Bear area. Natalie co-hosted for 3 years before finally diving in and buying a property of her own with her husband.This episode is packed with information for getting started in short-term rentals, growing your short-term rental portfolio, AND tips on self-managing your properties without the overwhelm, so make sure you listen to the full episode!You can learn more about what Natalie is up to by following her on Instagram.Until next week, take care friends!   Resources:Follow Natalie on InstagramListen to Grace & Amelia’s episode on No Vacancy The PodcastCheck out Steadily in your REI bizEnroll in our Savvy Self-Manager CourseLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hi friends! Welcome back to episode 55 of the podcast! A few weeks ago in Episode 48 we talked about what a Buy Box was and why it is super important for you to have one set as an investor. In this episode, we’re doing a deep dive into how to use your Buy Box to bring you deals - getting them to come directly to your inbox, saving you both time and legwork.The 4 ways were diving into are:RealtorsWholesalersSocial MediaLocal Investor Meet-UpsMake sure you grab our Buy Box template to create your own and join our Buy Box Bootcamp where you’ll learn how to save your time and energy by narrowing down your options and focusing on the properties that match what you're after.That’s all we have for you in this episode. We would love it if you’d head over to Instagram and share with us what your buy box includes!We’ll catch you in the next episode!  Resources:Download our Buy Box template to create your own Buy BoxLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private Facebook CommunityConnect with us on Instagram

Hi everyone, welcome back! This week we’re talking about all things inherited tenants: the pros and cons of each, plus our personal preferences on inherited tenants. This episode is an absolute must-listen if you’re entertaining the idea of purchasing any property where you could potentially inherit tenants. Let’s get started!Pros of Inherited Tenants:Immediate rental incomeEstablished rental historyReduced vacancy riskLow turnover costsCons of Inherited Tenants:MaintenanceCompatibility issuesRental agreements and lease termsUnknown tenant backgroundLimited control over tenant selectionIf you are looking for more great resources on self-managing your rental properties, you can enroll in our Savvy Self-Manager Course, to learn how you can save thousands of dollars year after year.That’s all we have for you this week, friends. We’ll catch you in the next episode!  Resources:Learn how to self-manage your rentals with our Savvy Self-Manager CourseLeave us a review on Apple PodcastsLeave us a review on SpotifyJoin our private WIIRE Facebook CommunityConnect with us on Instagram

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 Savvy Self-Manager CourseJoin 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 Savvy Self-Manager CourseListen 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 Leave 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