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E004: Investing in Things You Understand – From Horses to Houses with Joanne Bradley
Joanne Bradley started investing in horses until she found her way to investing in hospitality and real estate. A major theme in her investing career is to understand the industry where you’re putting your money in.
Here’s what we talked about:
Episode Highlights:
The Beginning of Joanne’s Investing Journey
Joanne did the traditional 401k and all that stuff but her approach to investing is that it has to be something she can really understand. So she volunteered at an investor-funded animal sanctuary that was donation-based. She made some investment there because the horses were something she wanted to be around. It was something she could understand and something she saw the benefit in.
Her Love for Horses and Houses
Horses provide a great way to look at the world because they live in herds and they have to cooperate. A study also suggests that when people work with horses, the oxytocin of both the person and the horse increases. In fact, horses are utilized in many equine-facilitated learning aspects for veterans and disabled children.
Joanne thought real estate was the next logical aspect for her. So she started at Renault which she liked since it got the historical aspect to it. It's been around since 1864. And it's got hospitality, golf, and exercise. So she talked to her financial advisor and expressed her interest in it.
Joining the REIA Meeting: Surround Yourself Who Speak the Language
The Real Estate Investors Association has its local chapters, and Joanne is the South Jersey one. It's made up of all different levels of people at all types of investing – those who've had rental properties for 30 years and those who go there and don't have any clue.
The local REIA holds all types of meetings – about topics from rehab and financing, to how you get money, what to look forward in finishes, and the "do you" stage and "don't you" stage. Joanne just attended every meeting she could to learn and deepen her understanding of investing.
Where She Is Now
Two years after, Joanne and her son formed an LLC called JB II Property Holdings. They've purchased and flipped three properties. They have two rentals now. Her son is in the construction trade so he understands it from that level, while Joanne understands it from the managerial administrative standpoint.
But REIA is vital to her investing path. Having gone to one of their annual meetings, she has met people she was going to learn and grow with. She believes that when the planets align, everything shoves you in the correct direction, whether you want to or not.
Links:
https://www.renaultwinery.com/
Real Estate Investors Association
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By Bob & Usha with Melanie & Josh McCallen
5
66 ratings
Joanne Bradley started investing in horses until she found her way to investing in hospitality and real estate. A major theme in her investing career is to understand the industry where you’re putting your money in.
Here’s what we talked about:
Episode Highlights:
The Beginning of Joanne’s Investing Journey
Joanne did the traditional 401k and all that stuff but her approach to investing is that it has to be something she can really understand. So she volunteered at an investor-funded animal sanctuary that was donation-based. She made some investment there because the horses were something she wanted to be around. It was something she could understand and something she saw the benefit in.
Her Love for Horses and Houses
Horses provide a great way to look at the world because they live in herds and they have to cooperate. A study also suggests that when people work with horses, the oxytocin of both the person and the horse increases. In fact, horses are utilized in many equine-facilitated learning aspects for veterans and disabled children.
Joanne thought real estate was the next logical aspect for her. So she started at Renault which she liked since it got the historical aspect to it. It's been around since 1864. And it's got hospitality, golf, and exercise. So she talked to her financial advisor and expressed her interest in it.
Joining the REIA Meeting: Surround Yourself Who Speak the Language
The Real Estate Investors Association has its local chapters, and Joanne is the South Jersey one. It's made up of all different levels of people at all types of investing – those who've had rental properties for 30 years and those who go there and don't have any clue.
The local REIA holds all types of meetings – about topics from rehab and financing, to how you get money, what to look forward in finishes, and the "do you" stage and "don't you" stage. Joanne just attended every meeting she could to learn and deepen her understanding of investing.
Where She Is Now
Two years after, Joanne and her son formed an LLC called JB II Property Holdings. They've purchased and flipped three properties. They have two rentals now. Her son is in the construction trade so he understands it from that level, while Joanne understands it from the managerial administrative standpoint.
But REIA is vital to her investing path. Having gone to one of their annual meetings, she has met people she was going to learn and grow with. She believes that when the planets align, everything shoves you in the correct direction, whether you want to or not.
Links:
https://www.renaultwinery.com/
Real Estate Investors Association