Tamika Maultsby is a real estate investor who recently purchased her first deal, a shell property to fix and flip. Despite the 2008 stock market crash, Tamika was able to invest in her first three-unit apartment building. In this episode, we discuss how relocating to a new city and starting from scratch can be an effective way to invest in real estate. Tamika also shares her thoughts on Deal Maker Live, an upcoming real estate conference she will be attending. Tamika discusses how the pandemic has changed her perspective on life; she says that it's taught her to be more compassionate and to value the relationships she
[00:00 - 08:50] Opening Segment
Tamika Maultsby lost money on her first few investments, but she persevered and now owns her first three apartment buildings
Tamika shares her story of how she overcame adversity and succeeded in the real estate market; her journey to becoming financially independent.[08:51 - 19:02] First Deal in Multifamily
Tamika discusses her experience buying a property in a small town and how it's been different than she expected
Having a plan and sticking to it is important, especially for those starting out in the market
Learn as much as possible and be prepared for any potential risks
$700/month in cash flow is phenomenal for an investment property, and it's time to move on to the next step[19:03 - 33:29] Real Estate 101s
Join meetups and take action
Real estate is a long-term investment and there are many ways to invest in it, whether it be through wholesaling, fixing and flipping, or buying and holding
Be comfortable asking real estate agents for leads outside of your area, as you can't always find deals in your area
Be aware of different lender offers and credit union options when investing in real estate.
It doesn't cost you anything to just reach out and make connections.[33:30 - 43:16] Closing Segment
Want to connect with Tamika Maultsby?
Instagram: @Tamika_Invests
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