In this episode of the F.I.R.E. podcast, we are greatly excited to talk to a young woman in her thirties, a millennial who even as she is holding a demanding full-time job, was able to own investment properties and well on her way to her goal of retiring early. She even has the confidence to take the affirmation that, "I can quit this year, I can leave my full-time job." 

I am talking about Sarah Larbi, a real estate investor, speaker, coach, mentor and host of the popular podcast, "Where Should I Invest?" We will be talking about her area of expertise on BRRRR, which is Buying, Renovating, Renting, Refinancing & Repeating strategy.  

This is one episode you will not want to miss. Enjoy listening!

What You Will Discover In This Episode:

• Sarah Larbi’s baptism of fire in real estate investing and the tenacity that brought her to where she is now.
• The art of convincing a boyfriend or partner to get into real estate investing with you.
• What led Sarah into the BRRRR strategy and why she’s using the strategy until now? 
• The perspective of hiring and delegating for someone who is not a handy type of a woman. 
• How to be a good problem solver when issues come up?
• Examples of real estate investing Sarah did in the past and her take on the ROI calculations.
• Having tenants sign a Lease Agreement to get leverage into refinancing.
• After Repair Value (ARV) is the basis for calculating a winner property.
• Important leveraging advice from Sarah Larbi.
• BRRRR strategy can be done on a Six-Pack unit, just under a different category.
• How to get a listing that's off-market? 
• Co-Investing and Joint Ventures does not have to be your own money.
• The mindset of a winner.
• What Sarah Larbi can tell to all the females out there with regards to their finances?

Quotes:

"I still think this industry is still male dominated and it's usually the other way around."

"Find out why your partner, whether it's a woman or a man or whatever; find out what your partner has as reservations first and foremost and try to adjust to those."

"We understood that there's ways that you can actually take some of the equity from your property to reuse."

"You really have to be the expert at both buy and hold and flipping, in order to combine it to make it a great strategy."

"When we first started, the issues seemed so much bigger than they would be now for the same issues."

"If I don't get a call for a couple of months, I wonder what's wrong."

"Every single property is going to be different."

"What I bought in the past is not what you can buy now."

"Even if you've done the refi and you've got all your money out, if there's equity on the property and you've held it for 2,3 years; even if you don't need it refinance, put a key lock on it. It doesn't cost you anything until you need it; but have the money ready for your next one, so that if you do see something that you want, you've got the money and you have at that point can refinance."

"There's other ways to refinance, it's not always doing a cash out and pulling out the money and having a higher mortgage."

"The more that you learn, the more you breathe, the more podcasts you listen to, the more investors you speak to and share ideas, the more you evolve."

"Take consistent persistence and action over time. Learn, take action; learn, take action and surround yourself with people that are going to help you get where you want to be."

Links:

Sarah Larbi podcast - "Where SHould I Invest?" - https://sarahlarbi.com/

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