If you have asked how to generate passive income, you may have heard that you should invest in real estate. Doing so makes sense but can feel intimidating for new investors. What if they fail at it? Who do they turn to for guidance? How will they organize property management?
These are valid questions, and we are here to address them for you.
Our guest is Savannah Arroyo, a registered nurse and multifamily real estate investor. She finds joy in sharing her journey to achieving financial freedom through real estate. She addresses critical questions — such as how to get investors, purchase property, and what to do when establishing property management. Improve your net worth and find financial freedom with real estate. Tune in to the episode now!
Here are some power takeaways from today’s conversation:
Episode Highlights:
[1:38] Savannah’s Journey to Real Estate Syndication
Savannah talks about her dream of being free from financial constraints while being a nurse. This dream led her to dig into real estate investing to generate passive income. Savannah and her husband broadened their reach by finding other people who would do it with them.
[8:46] Seek Expert Help
Moving into syndication and being responsible for growing other people’s investments, Savannah realized the importance of formal coaching, mainly for two things: (1) accountability and (2) expert guidance.
[11:54] Look Into Property Management
Property management is vital to scaling the value of real estate property. Savannah advises looking into the management first before purchasing a property. She also suggests interviewing management teams to establish communication and tour the ground with the property manager.
[14:45] Find the Right Investors
Get into a conversation with potential investors first. Ensure trust, and see to it that they are agreeable with the plans and predictions of the investment.
Notable quotes from the episode:
[2:45] “We stumbled upon real estate investing for obvious reasons. It’s one of the best ways out there to grow wealth.”
[7:18] “The biggest barrier to people handing over money to one of your investments is trust. They need to be able to trust you.”
[24:10] “If you’re interested in doing something that someone else has done, reach out and connect to them.”
Resources Mentioned:
Savannah Arroyo: Instagram | LinkedIn | Facebook | Twitter | TikTok
The Networth Nurse: Website
Ryan Pineda (on real estate and NFT): Website
