In today's episode of the Cashflow for Life podcast, Andrew chats with Brie Schmidt, a real estate agent, mother of two and an investor known for her contributions to BiggerPockets, a real estate investing education resource. Brie shares her journey in real estate investment, starting with a house hack in Chicago in 2011 and expanding into the Milwaukee market in 2014. She discusses the impact of personal life events, including her father's death and her own divorce, on her investment strategy. Brie also talks about her shift towards optimizing her portfolio for efficiency, leading to selling off some properties while retaining others in Chicago.

Andrew and Brie discuss her approach to investment, emphasizing lifestyle and freedom over scaling up for the sake of growth. She details her experiences with different property classes, noting the higher management demands of C-class properties compared to B and A-class. Her investment strategy includes a mix of personal properties and participation in syndication deals.

They also touch on the Midwest Real Estate Networking Summit, which Brie co-organizes. The event focuses on education and networking, featuring various speakers discussing topics like syndication, raising capital, and local Airbnb policies. She highlights the importance of understanding economic trends and their impact on real estate, a lesson she learned from a personal session with an economist.

Enjoy!

What You Will Learn In This Show:

• How significant personal events, such as the loss of her father and a divorce, influenced Brie's approach to real estate investment.
• The significance of aligning investments with personal values and lifestyle goals, rather than pursuing growth for its own sake.
• The challenges and demands of C-class properties compared to B and A-class properties.
• The importance of continued education and networking in real estate.
• The importance of understanding broader economic trends and their influence on the real estate market.
• And much more...

Resources:

BiggerPockets

The Midwest Real Estate Networking Summit