Does being a real estate investor seem unimaginable to you?

Most people have this idea that real estate investing is off the table for them.

It costs too much money. I could never afford it. There's no way I can put 20% down.

Here to give us the low down are two of my great friends - Allegra Moet Brantly of Factora Wealth and Stephanie Douglas of Open House Austin. These two women are doing incredible work to make building wealth and home buying more accessible.

Today we’re talking about how to consider if buying is right for you, how to house-hack, what a good deal actually looks like, and how to come up with a real estate strategy. We also bust some myths on what a down payment has to look like and the hype surrounding house flipping.

By the end, you just might realize that real estate investing is more attainable than you think.

Enjoy!

Episode Highlights: 

• 5:45 Meet Steph and Allegra
• 8:48 Steph’s house shopping spree
• 12:06 Why your net worth increases when you buy a home
• 15:00 Two ways to win if you’re strategic with real estate investing
• 17:28 How to determine if buying is right for you 
• 21:48 What buy and hold real estate is 
• 25:29 Why your first home doesn’t need to be your dream home
• 28:45 How to put down a lower percentage for your down payment 
• 33:43 Protecting yourself when buying with another person
• 38:39 Is your home an investment or just somewhere to live?
• 43:01 How to calculate the cost of being a landlord
• 46:46 Features to look for when buying a home
• 52:20 What house-hacking is and how you can do it too
• 59:04 How Allegra has someone else pay for her mortgage
• 1:01:59 Operation: Double-Shed
• 1:06:18 What you should be aware of if you’re entering the real estate game

Links and Resources: 

• Factora
• Factora on Instagram
• Factora on Facebook
• Allegra on Instagram
• Coffee and Coin Podcast
• Open House Austin
• Open House Austin on Instagram
• Open House Austin on Facebook
• Stephanie on Instagram
• Podcast 013: How To Take Charge of Your Personal Finances: An Interview With The Financial Guru Who Changed My Life

Guest Bio:

Allegra Moet Brantly is on a mission to lead 1 million women to $1 million in net worth. To do so, she founded Factora Wealth, an online course & community that educates and empowers women to build real wealth, together. A serial entrepreneur, real estate investor, dog lover, and Texan since 2017, Allegra’s deeply passionate about helping women learn how to invest in financial freedom.

Stephanie Douglas co-founded Open House Austin, a female-owned real estate education company working on expanding the possibilities of home ownership in Texas and throughout the country. They offer real estate services, courses, workshops, virtual events, and a podcast to help people buy their first home.

Did you enjoy this episode? Please drop a comment below or leave a review on iTunes to let me know! I love hearing what you think and it helps others who want to Do It Different find the podcast as well.