This episode is part 2 of my conversation 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 - 08:43] Why Your Support System Matters in Real Estate Investing

• The impact of getting support in real estate
• • Seyla and Aileen talk about their support system in the multifamily space
  • Why there’s no such thing as a small goal with the right support system
• Dealing with self-doubt
• • Just keep moving forward
  • Success is a moving target
  • Surround yourself with the right people

[08:44 - 16:28] Real Estate Investing in the Middle of a Pandemic

• Changes brought by the pandemic
• • The current situation in California
  • Schooling during a pandemic
  • Healthcare workers are our heroes
• Real estate investment advice for the present time
• • Be conservative
  • Get yourself educated

[16:29 - 23:00] The Advantage of Having a Mentor

• Why having a mentor is important if you’re starting out
• Investing in yourself
• There’s always a mentor out there for everyone

Tweetable Quotes:

“There's no such thing as a small goal. And as long as you have a goal, especially in this multifamily space or in the real estate space in general, there are so many supports, and there's always people to help you out and guide you.” - Seyla Prak

“If you're investing with somebody, just make sure that you're always choosing the right sponsor... Because if you can have a great deal, but if the sponsor is not a great one, they can make or break the deal. So you just want to make sure that you can trust them.” - Aileen Prak

Connect with Seyla on LinkedIn!

Connect with Aileen on LinkedIn!

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

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