The Real Estate InvestHER Show with Elizabeth Faircloth and Andresa Guidelli

Can you really afford anything? Paula Pant quit her 9-to-5 job in 2008, long before she'd heard of financial independence. She just couldn't stand the cubicle life anymore. Her starting salary was $21,000 per year in 2005, and her highest salary was $31,000 per year in 2008. Despite her lower income, she managed to save $25,000 during her short career. She lived on these savings after she quit her 9-to-5 job, and spent two years backpacking across the world. When she returned to the U.S. in 2010, she started a self-employed career as a freelance writer. She and her partner scraped together enough money to buy a triplex as their first home. They lived in one unit, with roommates, and rented out the other two units. The rental income they received allowed them to live "for free," with no out-of-pocket housing costs. This was their first taste of passive income. Today they own 7 rental units. Last year, their rental properties grossed $125,000 and netted $43,000 in passive income, after expenses. They are financially independent through the income from their rentals. Paula's weekly podcast, Afford Anything, has been downloaded more than 3 million times. Her website, AffordAnything.com, gets 250,000 views a month and her email newsletter has more than 50,000 subscribers. She speaks at FIRE meet-ups such as the Ecuador Chautauqua, Camp Mustache and Camp FI, as well as gatherings such as FinCon and the World Domination Summit. On today’s episode, we discuss a ton with Paula, including: • what “financial independence” really means • how to move beyond fear • mistakes to avoid when analyzing deals • the 1% rule • how to afford anything • why our brains work against us and to overcome these thoughts • And much more! Resources/Books mentioned in the show: • The 7 Habits of Highly Effective People by Steven Covey Learn more about Paula Pant and her highly popular blog and podcast at www.affordanything.com/viplist InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

There is so much NOISE in this real estate investing world. But to be truly be successful in this business you need to create goals that work for YOU and stay true to these goals no matter what happens. On this week’s episode, we have the pleasure of chatting with Carissa Swanwick from Cultivate RE. Her real estate investment philosophy “Invest in homes I can be proud of and tenants want to show off to their friends” guides her strategy and mindset. With Carissa’s life-long interest in architecture, design, and construction, she had the goal of someday owning investment properties and making them great homes…when she retired. She believed that spending her time on her passion was a goal for the future; not something that she could do now while building a corporate career and raising a family. In 2014, she decided that "someday" needed to become "today" and decided to make her dreams a reality. Carissa decided that waiting for someday to pursue her passion is no way to go through life and so she began to learn about real estate investing and buying properties. Carissa works full time and manages to also grow her investment portfolio that consists of both single family and small multifamily properties. Carissa also has a wonderful blog called “Cultivate RE” where she shares all of her wins, learnings, and investing tips with other real estate investors. On today’s episode, we cover some fantastic topics: How to create an investment strategy that works for YOU How to eliminate the noise and stay true to your GOALS #1 tip to buy properties “on market” Importance of being “prepared” to jump quickly on ANY deal Key questions to ask to attract the BEST tenants for any rental What REALLY matters in being successful in this business Book mentioned in the show: Thrive: The Third Metric to Redefining Success and Creating a Life of Well-Being, Wisdom, and Wonder by Arianna Huffington Carissa’s contact information: Check out her website: https://www.cultivate-re.com Email: carissa@cultivate-re.com Social Media:  @Cultivate_re InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther

Like most businesses, real estate investing takes commitment, hard work and perseverance. On today’s show, we chat with Nichole Stohler who is co-founder and managing partner at Gateway Private Equity Group, a real estate investment firm whose portfolio has included a hotel, multifamily, and residential properties. When Nichole and her husband Mike first started in real estate investing in 1999, they lacked experience and failed.  Through committed action to learn, grow their skills, and help others, they have created immense change in their business and lives. Between apartment complexes, houses, and their hotel, Nichole and her husband Mike, have owned or operated over 1300 units. Since their early beginnings, Nichole and Mike have seen significant financial gain and wealth-generation through powerful real estate investing.  Passionate about the impact real estate investing has had on their lives, Nichole and Mike leverage their experience to create income-producing portfolios for busy professionals. On today’s episode, we discuss a lot with Nichole, including: The mistakes she and her husband made early on in their investing business How they got themselves out of debt and rebuilt their investment business How to evaluate when to change your niche The importance of figuring out your “swim lane” when working with others How to truly build authentic relationships The value of multifamily vs single family vs owning hotels Resources/Books mentioned in the show: Never Split the Difference by Chris Voss   Nichole’s contact information: Learn more about Nichole and her company: www.gatewaype.com   Free Giveaway for InvestHER Listeners Networking Tips and Strategies    InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

Today we sit down and chat with two powerhouse ladies from Chicago – Mary Derman and Brynn McNicholas. These ladies are realtors and investors and are making huge things happen in the Chicago area. Both Mary and Brynn were teachers prior to joining forces and both decided to take the plunge and transition into the real estate world. Although they teamed up only last year, they are growing exponentially both on the investor side and brokerage side. In their two short years as partners, they have completed over 15 fix and flips, worked on close to 100 real estate transactions, and have a growing rental portfolio (which includes experience with AirBnB rentals). They have experienced a lot of success in a short time frame, so we discuss a ton about partnerships and what makes their partnership work (and how you can do the same!) How to build a powerful partnership How the “emotional bank” account can help you become a better investor How you should consider “not owning” your AirBnB rentals Qualities to avoid in partnerships The #1 key to sustaining a lasting partnership Resources/Books mentioned in the show: Emyth by Michael Gerber AirDnA Online Resource (for AirBnB rentals)   Brynn and Mary’s contact information: https://www.maryandbrynnrealestate.com/ https://www.facebook.com/maryandbrynnrealestate/   InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

“When someone shows you who they are, believe them the first time. “ Maya Angelo Let’s face it, ladies. Everyone is busy. So Liz and Andresa are super excited to launch today a new type of minisode on the Real Estate InvestHER Show! These minisode episodes will be 10 minutes or less and be a real life story from Liz or Andresa. For our first minisode episode, Liz shares a story about when her and her husband bought a vacant 10,000 SF commercial building right before the market crashed.  Liz and her hubby decided to divide the building into 20 small office spaces, so early on, they had to work really hard and hustle to lease up the building. This story highlights one of their first tenants who tried to rent an office from their building. Today’s minisode lessons include: guard closely who you decide to give 2nd chances to be careful on the timing of releasing keys to your units always keep good records of who you do and don’t accept as tenants. InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

We are super excited to sit down with Michelle Bosch on this week’s inspiring episode. Michelle has been a full time real estate investor since 2002 and is co-founder and Managing Director of Orbit Investments, LLC. She and her partner Jack, have bought and sold over 4000 pieces of real estate and built the 3rd largest land investment and auction company in the United States bringing that company successfully into the 8 figure revenues in a matter of 18 months. In 2008, they also started a Real Estate Education company focusing on teaching others how to invest in Real Estate with a specialty on Tax Delinquent Land and Houses and took this company from zero to the mid-7- figures in revenue in a matter of 1 year. On today’s episode, we discuss a lot with Michelle, including: Why flipping land is a lot easier and simpler than flipping homes How to avoid termites, tenants, and toilets with flipping land Three types of plans you need in place for financial freedom How to earn different types of cash (one time cash, temporary cash, forever cash) Transitioning from entrepreneur to motherhood (shift letting go of control) Why you should stop “setting goals” and start “determining your identity” Resources/Books mentioned in the show: Forever Cash by Jack Bosch   Essentialism book by Greg McKeown https://www.amazon.com/Essentialism-Disciplined-Pursuit-Greg-McKeown/dp/0804137382/ref=sr_1_2?ie=UTF8&qid=1536154766&sr=8-2&keywords=essentialism+by+greg+mckeown Braving Wilderness by Brene Brown https://www.amazon.com/Braving-Wilderness-Quest-Belonging-Courage/dp/0812995848/ref=sr_1_1?s=books&ie=UTF8&qid=1536155225&sr=1-1&keywords=braving+the+wilderness+brene+brown+book Michelle’s contact information: Michelle’s websites - https://www.michellebosch.com/ , http://orbitinvestments.com/ Land Courses  Forever Cash Facebook Group InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

We all hear how important “networking” is to grow your real estate investing business. However, most people are not effective AT ALL when it comes to networking. They really don’t know how to “work a room” and leave with solid opportunities to build long lasting relationships. They just collect as many business cards as they can and think they have been successful at networking. It is not everyday that we have the chance to chat with the Executive Director of one of the largest (and oldest) real estate networking groups in the country, DIG, which stands for Diversified Investor Group, which is based in Hatfield, PA  and serves Philadelphia, PA and the surrounding counties. DIG is a nonprofit organization that’s been around since 1978. Stephanie Pappas is not only the Executive Director of DIG but also an active investor specializing in flipping homes and licensed realtor. She has done over 30 deals and has been investing since 2000. On today’s episode, we discuss a lot with Stephanie, including: Biggest mistakes when attending networking meetings How to move beyond feeling overwhelmed or nervous Why it’s critical to join a local networking group #1 skill to powerfully connect with people in networking situations How to build long lasting relationships The easiest and fastest way to get involved in the investing business without any money or any experienceResources/Books mentioned in the show: Raising Private Capital (Building Your Real Estate Empire with Other People’s Money) by Matt Faircloth   DIG (Diversified Investor Group)   Rich Dad, Poor Dad by Robert Kiyosaki   DIG’s 14th Annual Trade Show Expo on November 1st (King of Prussia, PA)   Stephanie’s contact information: Email – executivedirector@digonline.net DIG (Diversified Investor Group)    InvestHER CommunityJoin us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity   Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

She is a mom of three. Loves to hike and backpack. Host of an investing podcast. Building a multifamily and syndication portfolio and business. And most importantly is unequivocally committed to living life on HER terms. Today’s interview is with Tamar Mar, who is an entrepreneur, investor, and proponent of intentional lifestyle design. Tamar has been investing in real estate since she was 19, purchasing her first townhouse when she was a sophomore in college, and has owned rental properties for more than 15 years. More recently, with her company, The Marota Group, her work has focused on the acquisition of underperforming multi-family and commercial properties, where she can work with her team to stabilize the assets and accelerate returns for her investors.  Tamar is also the host of Investing for Life, a recently-launched podcast focused on entrepreneurship and investing. When she's not working on her latest venture, she loves traveling, gardening, kayaking, hiking, skiing, playing on the beach, boogie boarding, and pretty much anything where she can enjoy the great outdoors with her family. On today’s episode, we discuss a lot with Tamar, including: How (and why) to make the transition from single family to multifamily Tips to attracting private money partners Important members to have on your “dream team” How to set yourself up for success when analyzing deals #1 tip to building and sustaining relationships How to intentional design the life YOU want Resources/Books mentioned in the show: Syndication Analysis tool by Michael Blank Think and Grow Rich by Napolean Hill The Law of Success by Napolean Hill Tamar’s contact information: Learn more about Tamar here. Investing for Life Podcast  InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity   Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!  

On today’s minisode, Liz and Andresa discuss one of the most “talked about” topics in business and in life - personalities. They provide some amazing detail in a short time frame about the different personality “types” so that the ladies listening can identify their strengths as well as their blindspots. You will learn how to leverage your strengths and surround yourself with different types of styles so that you can get everything YOU want as a real estate investor and woman. You don’t want to miss this one! Follow us on Facebook & Instagram: @therealestateinvesther

We are super excited to have Kathy Fettke, one of the most respected real estate investors, on today’s show. Kathy is the Co-Founder and Co-CEO of the Real Wealth Network, a California based real estate investment group with over 39,000 members. Kathy is also the best selling author of Retire Rich with Rentals. She is an active real estate investor, licensed real estate agent, and former mortgage broker, specializing in helping people build multi-million dollar real estate portfolios that generate passive monthly cash flow for life. With a passion for researching real estate market cycles, Kathy is a frequent guest expert on CNN, CNBC, Fox, Bloomberg, NPR, CBS MarketWatch and the Wall Street Journal. She was also named among the “Top 100 Most Intriguing Entrepreneurs” by Goldman Sachs two years in a row. Kathy hosts two podcasts, The Real Wealth Show and Real Estate News for Investors — both top ten podcasts on iTunes with listeners in 27 different countries. Her company, Real Wealth Network, offers free resources and cutting edge education for beginning and experienced real estate investors. Kathy is passionate about teaching others how to create “real wealth,” which she defines as having both the time and the money to live life on your terms. On today’s phenomenal episode, we cover a ton with Kathy, including: How to find the best market to invest in Why Infrastructure growth is critical in market analysis How to determine if your real estate market is headed towards a bubble Strategies for raising private money Syndications & crowdfunding What makes women investors stand apart! Resources/Books mentioned in the show: Real Wealth Podcast with Kathy Fettke Science of Getting Rich by Wallace Wattles Retire Rich with Rentals by Kathy Fettke Extreme Success by Rich Fettke Stay in Touch with Kathy: Join the Real Wealth Network (for free). As a result, you will receive some great data on real estate markets to invest in! https://www.realwealthnetwork.com/ Learn more about Kathy’s crowdfunding site  InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

We are so fortunate to have Carole Ellis on today’s show! Carole is editor-in chief of Think Realty Magazine, America's largest print magazine for individual real estate investors and editor for Self Directed Investor News. Carole has been actively involved in real estate investing since 2006, both educating investors and investing herself. In today’s episode, we chat about self directed IRA’s, the impact of gender when investing, 3 crucial questions to ask yourself to increase confidence, and how to leave a lasting legacy. Follow us on Facebook & Instagram: @therealestateinvesther

All parents would agree that when their children are born, their life is changed forever. Little did Nicole Pettis know that when her son was born back in 2011, this major life change would cause Nicole to begin a whole new chapter of her life – flipping homes! After watching a ton of flipping shows on HGTV and educating herself on BiggerPockets, she jumped into the business by starting a networking group with 10 people (and has since grown the group to over 1000 members)! Nicole’s real estate experience is mainly in flipping “rental” property and she has managed over 15 flips ranging from $15,000 to over $400,000. She has worked on single family homes as well as multifamily flip projects. She not only manages her own flips but also helps other investors managing their projects as well. And for her latest project, she just closed on a seven unit building! On today’s episode, we discuss a ton with Nicole, including: How to avoid the most common mistakes made with contractors How to protect yourself when paying contractors How to move beyond past big challenges The #1 tool you need when managing projects (and for managing contractors) The mindset necessary to move from surviving to thriving in this business Resources/Books mentioned in the show: Voxer (app that acts like a Walkie Talkie) Rich Dad, Poor Dad by Robert Kiyosaki The 4 Hour Work Week by Tim Ferriss The Magnolia Story Learn more about Nicole Via BiggerPockets – www.biggerpockets.com/users/nchallans Via Facebook – Nicole Challans Pettis Via Email – nchallans@gmail.com InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!

If you ask five different real estate investor’s opinion on “hard money” for real estate deals, you will get five different opinions! Hard money (like everything in real estate) has its time and place. Today we have the pleasure of interviewing Wendy Sweet on today’s show. Wendy is a Principal with Carolina Capital Management, LLC/Sweet Carolina Houses, LLC.  Wendy has been lending money to investors since 2001 as both a conventional lender and a hard money lender. In 2008, she along with countless others tossed conventional lending to the trash pile. She dug in by growing her hard money company offering funds to the investors who were able to navigate the changing world of real estate. She and her partner who is also her brother, Bill Fairman, have been successfully lending money primarily in North and South Carolina to investors, rehabbers and builders. Currently they lend to commercial investors for multi-family, multi-tenanted projects in key areas of the US. They now manage a real estate fund for accredited investors in addition to brokering loans for those with money to invest. Wendy is also a 35 year licensed real estate broker in both Carolinas. On today’s episode, we discuss a lot with Wendy, including: What is hard money When to use (and NOT use) hard money How to find private lenders How to build relationships that help you grow your business How to utilize your IRA to invest in real estate Resources/Books mentioned in the show: IRA Companies: https://www.camaplan.com/; https://www.questira.com/; http://americanira.com The Richest Man Who Ever Lived by Steven Scott Wendy’s contact information: Website - www.carolinahardmoney.com The Alternative Investor Podcast Facebook - Carolina Hard Money Email - wendy@carolinahardmoney.com   Learn more about the High 5 Women MasterMind Group Pilot Program InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Please leave a comment below!

Jim Rohn once said, “You are the average of the five people you spend the most time with.”    Liz and Andresa are excited to be back with you this week! Most of our episodes are interview style with some pretty amazing ladies.  Occasionally, we release a "solo show" where we discuss topics that we are passionate about and that we have a deep knowledge of!   This week is all about mastermind groups! This term "mastermind group" gets thrown around a lot, so we want to take a moment to explain the concept. The term was introduced by Napoleon Hill back in the early 1900's in his book, Think and Grow Rich. In this book, here is how he described the Mastermind concept: “The coordination of knowledge and effort between two or more people who work towards a definite purpose in a spirit of harmony."  Another common definition of a mastermind group is a group a people who come together on a regular basis to share feedback, thoughts, and ideas with one another. Although the episode is short, we cover a lot of bases with this topic:   Why you need to join your own mastermind group How to run an actual mastermind group The #1 reason your mastermind group might fail The most important aspects to incorporate into your meetings so that everyone gets a ton of value from participating.   Resources/Books mentioned in the show: We just launched an exclusive pilot called The High 5 Real Estate Women Mastermind Group. The outcome for this pilot program is for women to launch their very own mastermind group so that their personal and business life can flourish and grow.  You can learn more by clicking here. You are also welcome to email Andresa for more information: andresa@therealestateinvesther.com.   Think and Grow Rich by Napeleon Hill InvestHER Community Join us on our mission to support and empower as many women as we can to live a financially free and balanced life. We invite you to join the InvestHER Community Facebook group along with other new and experienced women real estate investors! https://www.facebook.com/groups/Investhercommunity   Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther   Please leave a comment below!  

We are thrilled to interview Pam Goodwin the author of “One Cent Lemonade to Million Dollar Deals” on today’s show. Pam is an Investor, Speaker, #1 Bestselling Author, and Media Personality in the Dallas/Fort Worth area. Working on both the landlord and tenant side of commercial real estate for the past 30 years has provided Pam with a crucial understanding of this business, which helps Pam teach others shortcuts to commercial real estate success. On today’s episode, we discuss a lot with Pam, including: the #1 action to take when forming partnerships, the most overlooked team member to help you find deals, and how to find and keep a mentor. Follow us on Facebook & Instagram: @therealestateinvesther