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My First Flip, Flopped! The Million-Dollar House Nightmare
EP 97 - Tune in to this episode of the Share the Wealth Show, where Demetriah Webster offers a glimpse into her enlightening journey navigating the highs and lows of real estate investing. From her initial investments in duplexes and triplexes to venturing into out-of-state properties like those in Memphis, she's encountered a diverse array of scenarios.
🏡 Diverse Portfolio: Demetria's journey spans from initial investments in duplexes and triplexes to out-of-state properties.
🛠️ Biggest Challenge: A flip project in Seattle presented her biggest challenge, where unforeseen issues with the property's steep slope required extensive stabilization work.
💰 Financial Setback: Despite budgeting for interior repairs and renovations, the majority of funds were allocated to stabilizing the structure, resulting in breaking even on the project.
📝 Lessons Learned: Through these experiences, Demetria highlights the importance of due diligence, partnering with experienced individuals, and being prepared for unforeseen challenges in real estate ventures.
📈 Market Insight: Understanding market dynamics and holding costs is stressed, especially in fluctuating market conditions.
🌱 Resilience and Growth: Despite setbacks, Demetria remains resilient, expanding her real estate portfolio into new areas like land development and private lending.
🌟 Don't miss this episode for a firsthand account of resilience, growth, and invaluable insights in real estate investing! 🎧
After graduating with a degree in Engineering and Project Management, and working in senior leadership roles in the aerospace industry for over 20 years, Demetriah Webster set her sights on real estate investing full time.
Demetriah had a passion for real estate since she purchased her first new construction home in 2000. In the early years of her career in the aerospace industry, she bought and managed her own investment properties. In 2014, she founded G Harvest Homes, Inc. in Hartford, CT after starting the Fortune Builders real estate education program. She has since purchased rehab and rental properties in various regions across the country. In 2016, Demetriah relocated to Hercules, CA where she continues to expand her business and soar to new heights with land acquisitions, triple net commercial leasing and private lending.
Demetriah enjoys spending time with her family, wine tasting, shopping, and traveling internationally. She is also a licensed Realtor in California.
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________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Key Quotes:
“They're ups and downs, but usually the ups are greater than the downs.”
Demetriah Webster
Connect with Demetriah Webster!
You can find her on
Website: https://www.gharvesthomes.com/
https://cherrywoodloop.com/
Instagram:gharvesthomes
Email: [email protected]
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn https://www.linkedin.com/in/nicole-pendergrass/
Instagram https://www.instagram.com/nvestornikki/?hl=en
Facebook https://www.facebook.com/nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life.
View all episodes
By Nicole P.EP 97 - Tune in to this episode of the Share the Wealth Show, where Demetriah Webster offers a glimpse into her enlightening journey navigating the highs and lows of real estate investing. From her initial investments in duplexes and triplexes to venturing into out-of-state properties like those in Memphis, she's encountered a diverse array of scenarios.
🏡 Diverse Portfolio: Demetria's journey spans from initial investments in duplexes and triplexes to out-of-state properties.
🛠️ Biggest Challenge: A flip project in Seattle presented her biggest challenge, where unforeseen issues with the property's steep slope required extensive stabilization work.
💰 Financial Setback: Despite budgeting for interior repairs and renovations, the majority of funds were allocated to stabilizing the structure, resulting in breaking even on the project.
📝 Lessons Learned: Through these experiences, Demetria highlights the importance of due diligence, partnering with experienced individuals, and being prepared for unforeseen challenges in real estate ventures.
📈 Market Insight: Understanding market dynamics and holding costs is stressed, especially in fluctuating market conditions.
🌱 Resilience and Growth: Despite setbacks, Demetria remains resilient, expanding her real estate portfolio into new areas like land development and private lending.
🌟 Don't miss this episode for a firsthand account of resilience, growth, and invaluable insights in real estate investing! 🎧
After graduating with a degree in Engineering and Project Management, and working in senior leadership roles in the aerospace industry for over 20 years, Demetriah Webster set her sights on real estate investing full time.
Demetriah had a passion for real estate since she purchased her first new construction home in 2000. In the early years of her career in the aerospace industry, she bought and managed her own investment properties. In 2014, she founded G Harvest Homes, Inc. in Hartford, CT after starting the Fortune Builders real estate education program. She has since purchased rehab and rental properties in various regions across the country. In 2016, Demetriah relocated to Hercules, CA where she continues to expand her business and soar to new heights with land acquisitions, triple net commercial leasing and private lending.
Demetriah enjoys spending time with her family, wine tasting, shopping, and traveling internationally. She is also a licensed Realtor in California.
.
________________________________
Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:
https://www.microfamilymavericks.com/casestudy
Check out our podcast website!
Thesharethewealthshow.com
Want to leave feedback or suggestions on our show?
Take our survey: https://s.surveyplanet.com/c1xu5qdv
________________________________
Key Quotes:
“They're ups and downs, but usually the ups are greater than the downs.”
Demetriah Webster
Connect with Demetriah Webster!
You can find her on
Website: https://www.gharvesthomes.com/
https://cherrywoodloop.com/
Instagram:gharvesthomes
Email: [email protected]
___________________________________________
Let’s get connected!
You can find Nicole on
LinkedIn https://www.linkedin.com/in/nicole-pendergrass/
Instagram https://www.instagram.com/nvestornikki/?hl=en
Facebook https://www.facebook.com/nvestornikki
or Visit her website https://noirvestholdings.com
LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life.