Aileen is a Finance Team Lead at NASA Jet Propulsion Laboratory. She has experience managing financial budgets for projects over $900M. She received her Master of Business Administration from Northeastern University. Today, Aileen and her husband invest in multifamily syndications and are continuing to expand their passive income!

In this episode, Aileen talks about how you can build your "nest egg" by scaling up your passive income through real estate investing. She talks about how she was able to expand her network and why communication is key in this industry. Aileen also talks about how she and her husband benefited from starting their own podcast in terms of networking and relationship building. Listen in!

[00:01 - 09:55] Introduction

• An overview of the episode
• Welcoming Aileen to the show
• Aileen shares her background
• The reason why she started her real estate journey

[09:56 - 19:17] Communication is Key in Real Estate

• Why multifamily syndications suited their lifestyle the best
• How Aileen and her husband learned more about multifamily syndications
• • Expanding their network
  • Starting their own podcast
• What it's like working with your spouse in real estate investing
• • Getting past the communication barrier

[19:18 - 28:10] How Podcasting Will Benefit Your Real Estate Business

• What sparked Aileen's interest in starting a podcast
• The convenience of listening to podcasts
• Learning from other people
• Creating a thought leadership
• Networking through podcasting
• The positive impact of having your own podcast

[28:11 - 38:45] Building Your "Nest Egg"

• What exactly is passive income?
• How monthly distributions have worked for Aileen and her husband
• The secret to scaling up your passive income
• It's all about taking action
• How Aileen is able to find sponsors
• Aileen's advice to those who want to start
• • Understand your "why"
  • Always add value

[38:46 - 42:47] The Pod Decks Segment

• If you were a superhero, what would your superpower be?
• What is the coolest thing that you've ever done at a job?

[42:48 - 52:46] The Core Four

• What is your favorite real estate-related book?
• • Best Ever Apartment Syndication Book (link below)
• What do you think your unique skill is that helped you become successful?
• • Being as relatable as possible
• Tell me something that's true about real estate that almost nobody agrees with you on
• • That it's hard to get into real estate
• What one piece of advice would you give the listeners wanting to succeed in real estate investing?
• • Open up yourself to the possibilities
• Bonus round!
• Connect with Aileen!
• A summary of the episode
• Closing words

Key Quotes:

"When you put yourself in a little bit more of an uncomfortable situation, I think that that's where you grow the most." - Aileen Prak

"Some people, like you said, might have gotten to that point really quickly, but that's not everybody. It's just doing your consistent actions, networking with the right people, continuously moving forward, and just taking those actions, well-educated actions." - Aileen Prak

"It's just really putting yourself out there and just letting people know what you're interested in. I guarantee you, somebody will be able to help point you on the right path." - Aileen Prak

"Sometimes, you put your limitations on yourself, you're capped at a certain level that you're in, but it's really just a mental mind block that you're putting on yourself. You're holding yourself, you're sending your own limitations. When you open up your mind to other possibilities out there that you can do bigger and better things, I think it opens the doors to a lot of different things." - Aileen Prak

Resources Mentioned:

• Best Ever Apartment Syndication Book

Connect with Aileen on LinkedIn and via email!

You can reach and connect with me on Facebook, LinkedIn, Instagram, and Youtube

For more information about Ferrari Capital visit us on our website https://www.ferraricapital.com

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