If there is anything that you want to get done, you just have to put it on paper and start to look for ways to make it happen

This episode is part 2 of my conversation with The President of Talie Investment, Anette Talie. Anette is an Architect by career who became a Multifamily Real Estate Investor in 2011.

She is also the host of Deal Closer and 3 Expert Tips Podcast. If you weren’t able to follow this episode, please go back and listen to part 1.

Let’s jump right into Anette’s fantastic success journey to financial freedom and learn more about the mindset of financial independence.

[00:01 - 05:59] Make it Happen

• Anette shares her story about taking a backpacking trip around the world for six months.
• • She talks about the process of deciding and convincing her husband to do it.
• If there is anything that you want to get done, you just have to put it on paper and start to look for ways to make it happen.
• Move away the limiting beliefs that hold us back from doing what we want.
• • It is normal to have fear, but it is important not to stay in it.
• Ask yourself, what’s the worst thing that will happen when things do not go the way we want?

[06:00 - 16:30] Insights on Investment in These Pandemic Situations

• Anette shares some insights for anyone who just started to invest
• • Calculate the numbers to make sure it works
  • Do stress testing on how long you can survive with this property if there is no tenant.
  • Ensure all details when you do the analysis (tax growth, renovation, etc.)
• It is very important to underwrite or look at your deals with a little bit more caution in these particular situations.
• Anette talks about using a modified calculator to make sure that the numbers are making sense.
• • Download and try her free modified calculator on her website talieinvestments.com.
• Anette shares her experience with an unexpected raise of tax in her duplex.
• • Every time you acquire something new, you learn something new.
• We live and learn; it is important to take the lessons and never do it again.
• Anette talks about her strategy to get an infinite return in cashing out a property in the long run.
• Anette talks about taking HELOC (Home equity line of credit) to your properties and keep the money going.

[16: 31 - 23.01] Passing The Business Mind to the Next Generation

• Anette shares how she got emerged in the financial independence concept in the beginning
• • Found Suze Orman 'Women and Money’ book in Costco
  • Got the affirmation after she read Rich Dad Poor Dad Book by Robert T Kiyosaki
• Anette talks about teaching our children the right concept of money since they are at a young age.
• A shift in parenting style to raise our kids with a business-oriented mind
• • College education does help but it is not the only answer to success.
  • The harder and smarter you work, the more you are going to get in life.

Tweetable Quotes:

“If there is anything that you want to get done, you just have to put it on paper and start to look for ways to make it happen.” - Anette Talie

“In these particular situations, it is crucial to underwrite or look at your deals with a little bit more caution.” - Anette Talie

“Every time you acquire something new, you learn something new.” - Anette Talie

Resources Mentioned:

• Women and Money by Suze Orman