Terrie Schauer is a Real Estate Coach, Broker, and Investor based out of Montreal, Canada. Terrie got her real estate start in her 20s when she discovered what “house hacking” was as a young student that needed accommodations. As she was learning about the real estate business, she decided to go all-in and invest in her own home and grow her business from there. In this episode, she shares her story and shares the best ways you can lock down your first deal.

 

Key Takeaways

• A little bit about Terrie and how she got started in real estate.

• When Terrie first became a house manager at her college dorm, it was a big undertaking to get things cleaned up and organized.

• How did Terrie find her first property to invest in?

• Terrie knew her neighborhood had a bad reputation, which means lower prices.

• Terrie acquired enough cash to purchase another triplex one year later. She shares some of the lessons she learned from acquiring her first deal.

• At one point, Terrie was managing 50 rooms as she was house hacking.

• What is Terrie’s rental model right now?

• What does Terrie’s rental portfolio look like?

• Terrie shares a story of how one of her buildings was not running a profit for 2‒3 years.

• Terrie talks about her new book, The Mindful Landlord.

 

Resources:

REIDealFinders.club

Terrieschauer.com

Terrie on LinkedIn

Mindfulwealthpodcast.com

 

Tools We Use Every Day in Our Business:

Google Voice — Get a number.

Propstream.com — Data and list pulling.

SmarterContact — Text blasting service.

DealMachineVIP.com — Driving for Dollars App.

BatchSkipTracing — Find phone numbers to call. Use Promo — SKIP.

DirectMailVIP.com — Ryan Dixon is our mail coach. [email protected] — Let Ryan know you are from REI Live Columbia and he will be your mail coach.

CarrotVIP.com — Best way to build a site fast. Use this link for info.

LetsGoOffer.com — Easiest way to find your Max allowable offer.

REILiveCRM.com — The CRM that we use to track marketing and sellers.