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E010: When Investing Gets Real with Chad and Ashleigh Gallagher
From a chance encounter in New York, Chad and Ashleigh Gallagher are now living their dream as a family – but that doesn’t mean it didn’t involve any hard work. Ashley is a powerhouse entrepreneur and Instagram influencer and Chad has been leading an explosive team over at SlateHouse Group Property Management. They've built one of the biggest East Coast regional property management companies with thousands and thousands of dollars.
Here’s what we talked about:
Episode Highlights:
Thinking Long-term Bets and Not Judging Cycles
Instead of picking cycles, try to just make long-term bets. If you're trying to invest in 10-20-year bets, cycle markets are way less important. And then from that perspective, get started as soon as possible and make it low-risk, almost like an experiment.
You're going to learn so much from your first investment. The reality is your first investment oftentimes, is really just a learning experience. Chad’s $20,000-investment grew to a 150k in equity. There’s an advantage in not always trying to judge cycles and just focusing on long-term investing.
Getting Your Spouse on Board
For new investors, once you've got yourself mindset and you've met a couple of mentors, the next step in that journey is getting your significant other on board with you.
Ashleigh gave her all-in support to Chad because she wanted to learn from it as well considering that Ashleigh's grandmother built a 50-unit real estate investment portfolio in Florida all by herself in her 70s and 80s. It was her grandmother’s investment that made the idea of real estate investing real for her.
Investing is Hard Work
Whether you're going to be a passive investor or an active investor, hard work matters. Sometimes, the work is finding a good property or finding a good person to invest with.
Being Driven by Passion, Not Money
When you can actually get yourself excited about what you're doing, and about trying to be the best at whatever it is, then the outcome becomes much better. You're not trying to win to get a paycheck because that's not what creates amazing outputs.
Links:
SlateHouse Group Property Management
Ashleigh’s IG: @healthylivingwithash
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By Bob & Usha with Melanie & Josh McCallen
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From a chance encounter in New York, Chad and Ashleigh Gallagher are now living their dream as a family – but that doesn’t mean it didn’t involve any hard work. Ashley is a powerhouse entrepreneur and Instagram influencer and Chad has been leading an explosive team over at SlateHouse Group Property Management. They've built one of the biggest East Coast regional property management companies with thousands and thousands of dollars.
Here’s what we talked about:
Episode Highlights:
Thinking Long-term Bets and Not Judging Cycles
Instead of picking cycles, try to just make long-term bets. If you're trying to invest in 10-20-year bets, cycle markets are way less important. And then from that perspective, get started as soon as possible and make it low-risk, almost like an experiment.
You're going to learn so much from your first investment. The reality is your first investment oftentimes, is really just a learning experience. Chad’s $20,000-investment grew to a 150k in equity. There’s an advantage in not always trying to judge cycles and just focusing on long-term investing.
Getting Your Spouse on Board
For new investors, once you've got yourself mindset and you've met a couple of mentors, the next step in that journey is getting your significant other on board with you.
Ashleigh gave her all-in support to Chad because she wanted to learn from it as well considering that Ashleigh's grandmother built a 50-unit real estate investment portfolio in Florida all by herself in her 70s and 80s. It was her grandmother’s investment that made the idea of real estate investing real for her.
Investing is Hard Work
Whether you're going to be a passive investor or an active investor, hard work matters. Sometimes, the work is finding a good property or finding a good person to invest with.
Being Driven by Passion, Not Money
When you can actually get yourself excited about what you're doing, and about trying to be the best at whatever it is, then the outcome becomes much better. You're not trying to win to get a paycheck because that's not what creates amazing outputs.
Links:
SlateHouse Group Property Management
Ashleigh’s IG: @healthylivingwithash