Tamar Hermes – CEO of Wealth Warrior Woman, Full-time Real Estate Investor, educator, and money coach, talks to Neil Henderson and Brittany Henderson, the hosts of The Road to Family Freedom podcast. Tamar guides women to become financially free through Real Estate Investing and creating an empowering relationship to money. Tamar grew up poor as the child of a Holocaust survivor and had no idea how people got rich. By chance, she stumbled upon Real Estate investing and became obsessed with the world of finance.

Today, she coaches clients across the country and is a fanatic about investing. Tamar’s desire is to support women to be free to choose how they spend their life and have the means to afford whatever they desire for themselves, their families, and others. She believes Real Estate Investing is the best way to grow wealth. She recently relocated from Los Angeles to Austin where she is enjoying the small city life and no state taxes!

In this episode, we talk to Tamar about how she got started with the purchase of a duplex in Los Angeles. We talk to her about her transition from active investor to a passive investor using various syndications, how she teaches her kids about money, and the daily rituals that keep her focused and productive throughout the day.

Post-Interview Analysis 

• Key Lessons Learned. Teaching your kids about money and finances begins with teaching them to have integrity and to just be good people in the hopes of avoiding that sense of entitlement so money kids with money get. Also, house hacking is still, in our opinion, one of the quickest, most surefire ways to build wealth and move towards financial independence. 
• How did they acquire their knowledge or what knowledge did they need to acquire? Understand what your resources are before you get started. Do you have capital? Do you have time? Do you have knowledge? If you are missing any of those things, look for a partner to fill that gap, or look to bring the resources you DO have to a partner that has what you don’t, so that you can learn from them.
• How much money did it take to get started? She bought a $395,000 duplex in Los Angeles for 10% down, so about $40,000.
• How much time does it take now? She spends most of her time now educating other investors. She is very intentional about investing passively so that she can do what she wants, when she wants to do it, with whom she wants to do it.
• Could they do this strategy from anywhere in the world? Absolutely, she is a full-time passive investor and could live almost anywhere in the world.

Episode Highlights: 

• Schedule a video chat with Neil Henderson at roadtofamilyfreedom.com/storage 
• How she got started investing in real estate with the purchase of a duplex in Los Angeles
• Her transition from active investor to a passive investor using various syndications