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Our First Investment Property Reality Check: The Good, the Bad, and the Ugly
Hey Lena and Shadi here!
In today’s episode, we’re inviting you into our world of real estate and entrepreneurship. Picture this: our very first property, a charming triplex! This property, although structurally sound, was a fixer-upper, and it turned out to be a much bigger challenge than we anticipated. Yes, there were hurdles. We also encountered plenty of roadblocks along the way, but isn't that what makes the journey thrilling?
We share our personal struggles and the decisions that brought us to where we are now. We're here to guide you through the maze. Our stories will provide you with valuable insights into how we effectively learned to budget and the strategies we employed to accelerate the stabilization process. It's all about getting the most out of your investments.
Our journey wasn't all smooth sailing and being an entrepreneur isn't for the faint of heart. Our hope is that by sharing our own experiences and lessons learned, we can help you avoid similar tough situations on your path to success.
TIMESTAMP:
00:00 Preview
01:08 Intro
01:30 Trials and tribulations of starting a new business
03:50 The purchase of our first property
06:40 The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Strategy
08:35 Our first triplex property nightmare
15:43 The Black Ooze: Fixer upper beyond what we imagined
21:01 The struggles of entrepreneurship
22:57 Mrs. Shadi has arrived at Home Depot
25:44 Common distressed property renovation budgeting and roadblocks
27:30 How to get to stabilization faster
30:48 Budget properly and prepare for the unexpected
31:59 The importance of surrounding yourself with a solid support system
38:13 Switching from reactive to proactive thinking
41:58 Join us next time to learn about how we scaled
No matter where you are on your entrepreneurial journey, we want to be your go-to resource for inspiration, motivation, and actionable guidance.
Tune in to our monthly episodes, each one packed with insightful and personal conversations. We promise to leave no stone unturned in our quest to empower you. So hit that subscribe button now and get ready for an exciting adventure filled with empowerment, growth, and achievements.
Let's thrive together!
===
To learn more about Shadi & Lena Guirguis, please visit
https://shadiandlena.com.
View all episodes
By Shadi Guirguis, Lena GuirguisHey Lena and Shadi here!
In today’s episode, we’re inviting you into our world of real estate and entrepreneurship. Picture this: our very first property, a charming triplex! This property, although structurally sound, was a fixer-upper, and it turned out to be a much bigger challenge than we anticipated. Yes, there were hurdles. We also encountered plenty of roadblocks along the way, but isn't that what makes the journey thrilling?
We share our personal struggles and the decisions that brought us to where we are now. We're here to guide you through the maze. Our stories will provide you with valuable insights into how we effectively learned to budget and the strategies we employed to accelerate the stabilization process. It's all about getting the most out of your investments.
Our journey wasn't all smooth sailing and being an entrepreneur isn't for the faint of heart. Our hope is that by sharing our own experiences and lessons learned, we can help you avoid similar tough situations on your path to success.
TIMESTAMP:
00:00 Preview
01:08 Intro
01:30 Trials and tribulations of starting a new business
03:50 The purchase of our first property
06:40 The BRRRR (Buy, Rehab, Rent, Refinance, Repeat) Strategy
08:35 Our first triplex property nightmare
15:43 The Black Ooze: Fixer upper beyond what we imagined
21:01 The struggles of entrepreneurship
22:57 Mrs. Shadi has arrived at Home Depot
25:44 Common distressed property renovation budgeting and roadblocks
27:30 How to get to stabilization faster
30:48 Budget properly and prepare for the unexpected
31:59 The importance of surrounding yourself with a solid support system
38:13 Switching from reactive to proactive thinking
41:58 Join us next time to learn about how we scaled
No matter where you are on your entrepreneurial journey, we want to be your go-to resource for inspiration, motivation, and actionable guidance.
Tune in to our monthly episodes, each one packed with insightful and personal conversations. We promise to leave no stone unturned in our quest to empower you. So hit that subscribe button now and get ready for an exciting adventure filled with empowerment, growth, and achievements.
Let's thrive together!
===
To learn more about Shadi & Lena Guirguis, please visit
https://shadiandlena.com.