Felecia Froe is a medical doctor and the owner of Money With Mission. This investment company empowers professional women to build wealth and attain financial freedom through "Social Impact Investing." Felecia has collaborated with like-minded investors as a real estate syndicator, raising funds for several social impact projects. These projects include a residential assisted living home in Kansas City, Missouri, which emphasizes personalized care for residents dealing with memory problems.
Hosted by Eric Lindsey
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Key Highlights from the Show:
[00:01] Episode introduction and a brief bio of Felecia Froe
[01:58] Felicia's background and her journey into real estate
[04:30] What motivated Felecia to enter real estate while pursuing the American dream
[05:52] Felicia's first partnership investment with other physicians
[07:29] Aspects missing from the traditional path of education, employment, and retirement
[09:03] Felicia's strategy for mission-driven investing and its impact on her business
[13:33] How Felecia located and financed the assisted living residential home in Kansas City
[16:14] Balancing a growing portfolio as a full-time practicing physician
[19:37] Insights Felecia wishes she had known before venturing into real estate investment
[20:08] The timeline for Felecia's first syndication deal completion
[21:30] Balancing personal life and business endeavors
[22:33] Initiating a successful syndication business with a limited time
[22:23] Felicia's advice for becoming an active syndicator with little capital and experience
[25:25] Effective approaches for active syndicators to connect with potential limited partners
[27:13] Self-development book recommendation for Moonlight listeners
[28:17] The best way to reach out and connect with Felecia
Notable Quotes:
"Wealthy people use their money to buy assets."
"With a full-time profession, you must build a team if you want to scale to any level."
"Buying single-family houses, managing them, and performing rehab is a full-time job; having a team is essential."
"If you're the smartest person in the room, you are in the wrong room."
"You have to have money or time to find the people you need to help you take the next step."
"Everything in life is about relationships; people will sense if you are transactional."
"You can have everything you want as long as you help others get what they want."
Resources Mentioned:
"Rich Dad Poor Dad" by Robert T. Kiyosaki: https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194