In this episode, we dive deep into Connie's inspirational transformation from a corporate employee facing layoffs to a successful full-time real estate investor.
She shares her journey of overcoming the fear of being dispensable, her strategy for replacing her salary through real estate, and her quick rise to owning 12 doors within a year and a half.
Learn her tips on market selection, the midterm rental model, handling renovations, and strategies for funding real estate deals using other people’s money.
This episode is packed with actionable insights for anyone looking to replicate her success in the real estate industry.
00:00 The Realization: Job Insecurity and New Beginnings
00:30 Meet Connie: Award-Winning Rookie Investor
01:14 From Corporate Burnout to Full-Time Real Estate
03:09 Strategies for Success: Midterm Rentals and Cash Flow
05:05 First Steps: Learning and Networking
07:06 Philadelphia Investment: First Midterm Rental
09:49 Building a Team: Trust and Communication
13:18 Choosing Markets: Philadelphia and Columbus
16:39 BRRRR Strategy: Major Rehab Projects
20:02 The Challenges of BRRRR Investing
20:19 Dealing with Contractors and Property Management
23:25 Marketing and Listing Midterm Rentals
24:53 Managing Room Rentals and Tenant Relations
29:53 Financing Strategies and Using OPM
35:21 Scaling Up and Future Goals
36:29 Final Thoughts and Connecting with Connie
Connect with Connie Phung:
https://www.instagram.com/invest_with_connie/
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