May 26, 2022
Summary:
Real estate rates are going up and sales are going down—is this
opportunistic or problematic for making money in this market? I
have Farrah Ali, author of Diaries of a Female Real Estate
Investor, on the show to discuss this topic. She reassures us about
the real estate industry at this point in time, emphasizing that
there is always money to be made whether the markets are moving up
or down. Tune in for tips on how to maximize cash flow in the
current state of the market, and to learn about helpful resources
for getting started in real estate
Highlights:
-Farrah owns 41 rentals locked in at 30 year fixed rates; her cash
flow is not being affected, but moving forward, increasing interest
rates make payments higher
-Rents are also increasing
-She is currently working on Airbnb models—you can take advantage
of the area and property type
-There’s always money to be made whether the market is moving up or
down
-Her book, Diaries of a Female Real Estate Investor, was named one
of the top 100 real estate books
-It is a motivational and informational piece for anyone that wants
to get started in real estate—giving tips on how to scale up, where
to get the money, etc.
-You have to believe in yourself and persevere; there are going to
be roadblocks, but it’s important not to immediately give up
-It’s also critical to have a good mentor, who has encountered
success in the industry many times
Useful Links:
Financial Survival Network
Diaries of a Female Real Estate
Investor
Farrah Ali