We grew our real estate business FAST, buying 5 properties in about a year and ½ - 2 year period. And, we’ve learned a lot! You know I’m all about sharing what works for me in my life and business, and that’s what we’re doing in today’s episode. I have my husband, Adam, back on the podcast and we’re sharing 7 things we learned in these first years of real estate investing. It’s the good, the bad, and the ugly with plenty of laughs along the way.
Whether you also invest in real estate or if you’re just wanting to do this at some point, there is something for you here. And, if you want an update on our properties and how they did in 2022, head back to episode #197 where we share the RAW numbers of how things did last year plus lots of other tips as well.
We discuss things like:
- Tenants (getting them, keeping them, tenant relationships, etc.)
- Resources we LOVE for running our business
- How we think about interest rates
- Capex and how to calculate it
- Stand alone homes versus townhomes/condos
- How vacancy affects a real estate business
- and more!
Come tell us what you think over on Instagram @elizabethmccravy!
Links mentioned in this episode:
- #197 http://elizabethmccravy.com/197
- #134 - Real Estate Biz Q&A – Part 1: How We Got Started In Investing, Buying In A Seller’s Market, Working With Your Spouse: https://elizabethmccravy.com/134
- #135 - Real Estate Biz Q&A – Part 2: How Much $$ Do You Need, Screening Tenants, Management Companies, Buying Multiple Properties At Once, And Financing: https://elizabethmccravy.com/135
- #136 Real Estate Biz Q&A – Part 3: Strategies For Getting Started, Other Ways To Invest Your Money, How To List Your Properties, And The Challenges We’ve Experienced Along The Way:
Thanks to our sponsor, Christian Healthcare Ministries! CHM is a faith-based, budget-friendly alternative to health insurance— at half the cost. And, you can join anytime! My family has trusted CHM for 5+ years through multiple pregnancies and health needs. With CHM, you’ll save money and know that 100% of eligible bills are shared when medical needs arise. Learn more at elizabethmccravy.com/CHM
Over my 9 years of business, I have learned some financial skills the hard way and a few years ago, I developed an an 8 step process I go through at the end of each month. This process helps me know how my business is doing financially, pay myself well and allocate money for things like taxes and expenses. And, it's yours for FREE at https://elizabethmccravy.com/profit
