In this episode, I had the pleasure of speaking with Seyla and Aileen Prak. Seyla is an experienced Information Technology Director, and Aileen is a Finance Team Lead at the NASA Jet Propulsion Laboratory. Outside their jobs, Seyla and Aileen invest in real estate properties. They started out with house hacking and later on moved to the single-family and multifamily space.

Let’s jump right into this episode and learn more about how they transitioned from house hacking to multifamily syndications and why education about real estate investing is critical for the long term.

[00:01 - 05:47] Opening Segment

• Let’s bring Seyla and Aileen to the show.
• Seyla and Aileen share their backgrounds
• • Their current jobs
  • How they got into finance and real estate
  • Why understanding finance is important for any industry

[05:48 - 16:41] Total House Hacking and Investing in Single-Family Properties

• Seyla and Aileen talk about ‘total’ house hacking
• Why finding the right tenant is critical
• From house hacking to single family
• Passive investing
• • Educating themselves
  • Cash flow is king

[16:42 - 21:59] Moving to the Multifamily Space

• Doing a lot of research beforehand
• Picking the right sponsors
• The books they read to get comfortable with multifamily syndications

Tweetable Quotes:

“The experience that we rented our house, we used that experience in real estate. And when we moved into passive investing, it's helped a lot to have that experience.” - Selya Prak

“That makes it a good partnership. When you have something and you're kind of nervous about it, the other person will help bring the best out of you and kind of pull the reins in a little bit and help redirect you if you need it.” - Aileen Prak

Connect with Seyla on LinkedIn!

Connect with Aileen on LinkedIn!

LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode.

Are you confused about where to start? Join our community and learn more about real estate investing. Head over to our Facebook Page, Youtube Channel, or website https://www.theacademypresents.com/jointhesummit36848306.

Connect with Lorren Capital, LLC. for syndicated multifamily investments, https://lorrencapital.com/.

To learn more about me, visit my LinkedIn profile, and connect with me.