How can you use your unique strengths to succeed in real estate investing, despite starting with limited funds?

 

In episode 714, host Taylor Loht sits down with Stephanie Cabral to talk about her journey from being an underemployed attorney to building a $3 million real estate portfolio as an accidental investor. Stephanie shares how she used the BRRRR (Buy, Rehab, Rent, Refinance, Repeat) strategy to build her portfolio, focusing on value-added improvements and creative financing techniques. She also shares her tips for managing properties remotely and the importance of building systems and teams to achieve time and location freedom. Stephanie's story is proof of the power of resourcefulness, determination, and seizing opportunities when they arise.

 

 

[00:00 - 06:05] From Underemployed Attorney to Real Estate Entrepreneur

• How Stephanie's journey began.
• Using a 203k loan for her first deal, gaining construction experience with minimal risk.
• The potential for appreciation and cash flow in real estate investing.

 

[06:06 - 13:38] Mastering the BRRRR Strategy

• Focus on value-add improvements to maximize appreciation.
• Techniques for cost-effective upgrades.
• Exploring creative financing options, such as hard money lending, private money, and tax credits.

 

[13:39 - 22:20] Building Systems and Teams for Time and Location Freedom

• The importance of creating checklists and standard operating procedures.
• Outsourcing tasks.
• Distributing the team to improve operations. 

 

[22:21 - 29:37] Advice for Aspiring Investors

• Focusing on competitive advantages.
• Building relationships with potential partners.
• The benefits of self-managing properties for better tenant quality and cash flow, as well as the option of passive investing through syndications.

 

Quotes:

 

"The more nos you get, the closer you are to a yes." - Stephanie Cabral

 

"What are your competitive advantages, and how can you take advantage of that?" - Stephanie Cabral

 

"If you start a business that depends entirely on you, you didn't buy a business, you bought a job." - Stephanie Cabral, referencing Michael Gerber's "The E-Myth"

 

Connect with Stephanie Cabral: 

Website: https://www.theleanlandlord.com/

Instagram: https://www.instagram.com/leanlandlord/

 

Apply to Invest with Taylor at www.investwithtaylor.com

Track your wealth for free with Personal Capital, go to www.escapingwallstreet.com

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