Wealth Within Reach

28: The 3 Phases of Successful Real Estate Investing


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In this episode, I walk you through the entire lifecycle of a real estate investment, breaking down each crucial phase so you can make smarter decisions along the way. We start with acquisition, the hands-on stage where you set your goals, find the right property, and build a reliable team to support you. Next, we tackle the often-overlooked stabilization phase, where the key to long-term success lies in setting up tenants, streamlining operations, and transitioning your investment to a more passive state. Lastly, we dive into the exit strategy, explaining how I assess my property portfolio each year to decide whether to hold or sell properties based on performance and market conditions.


Whether you’re a first-time investor or looking to grow your portfolio, this episode is packed with practical tips to guide your investment decisions and maximize returns.


KEY POINTS:

- Phase 1: Acquisition - Determine your market, have a rental strategy, and create your team

- Phase 2: Stabilization - Choose tenants, set up property management, and create systems for business

- Phase 3: Exit Strategy - Factors to consider: increased expenses, difficulty finding tenants, and low cash flow


QUOTES:

“Don't just go out there and start buying property. You need to have a strategy — some goals that you are working towards.” – Erika Brown


“One indication that you truly have stabilized your property is that you don't have to be actively involved on a day-to-day basis. That is an example that things are stable.”  – Erika Brown



RESOURCES: 

Did you miss The Owning It & Living It Experience 2024?? The OILI Experience is coming back in 2025!!! 🎟️ Don’t miss out! Join the waitlist now to be the first to know when the tickets drop- and snag an exclusive early bird discount.

https://erikab.kit.com/0e77490fcc


[FREE CONSULTATION] Looking to buy, sell, or invest in real estate in Atlanta? My team of expert, investor-friendly agents is here to help! Book a free 15-minute consultation with one of my agents today, and let’s figure out your next move together.


[FB GROUP] Loving the podcast and want to connect with me and our incredible guests? Join the Owning It and Living It Facebook group! It’s your go-to spot for real estate tips, advice, and a supportive community of investors just like you. Join us today and let's take your real estate journey to the next level.


Erika Brown


IG: @erikabrowninvestor

LinkedIn: @erika brown

Wealth Within Reach is produced by EPYC Media Network

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Wealth Within ReachBy Erika Brown