One of the nice things about real estate is all the different ways you can make money. Are you good with your hands? You can be a contractor! Are you excellent at selling? Become an agent! Are you somewhat literate? Launch a newsletter!
With all of this opportunity it is easy for investors to become more involved outside of just their properties. This week’s investor is a prime example of being more than ‘just’ an investor.
Please meet Miss Coinz!
How many doors do you have?
4 on my own, 12 total with husband
What market(s) do you operate in?
How would you describe your portfolio?
C class townhome rentals with high cash flow
What are you currently buying?
See above. We are sticking to what works, but considering a STR at the beach
Tell us about your biggest mistake in real estate?
Not investing earlier and being scared to pull the trigger. Thinking my cash sitting in the bank was doing a damn thing besides helping the bank make bank. Some of the mistakes I made in renovating my current primary, but it was a learning experience and I still have a home I love.
Tell us about your biggest win in real estate?
In all honesty, all of my investments have been great deals. None of them compare to my husband’s infinite return deals. Maybe you can highlight my best one next 😉
Outside of real estate what else do you invest in?
Myself and my husband’s businesses. We started a contracting, property management and I am starting a legal consulting firm with a focus on real estate law and estate planning this year. My health and community as well.
Books people should read before investing
I didn’t read any books before investing. I think experience and actual learning is more important. I learned everything from my husband and my lender.
What advice would you give to a new investor?
Discipline, willingness to learn, being good with money and keeping track of everything. Also being in touch with yourself and your own appetite for risk. Don’t listen to people who say you’re crazy or won’t be successful. It can be isolating — be prepared.
Megan Coinz (@MissCoinzEsq) / Twitter — twitter.com
Animal Rescue 💎 Board Service 💎 Healthcare Lawyer 💎 Construction 💎 Property Management 💎 Legal Consulting 💎
Apple Podcasts — podcasts.apple.com
Resilient Real Estate Investing on Apple
Resilient Real Estate Investing on Spotify.
Google Podcasts — podcasts.google.com
Resilient Real Estate Investing on Google
As many of you know, my wife and I are renters. Kind of funny right? We spend all of our free capital (and time) buying properties from the comfort of an apartment.
Now our reasoning is that buying a house/condo makes a ton of sense… just not right now. We’re still in our 20’s and we’d like to experience living in different areas of Chicago. The objective is to rent something that we can easily afford (around $1,800/month).
Then after we’ve had our fill of the city we will likely house hack in the suburbs. My point in writing all of this – is that you should live your life. Don’t think that you’re unsuccessful if you’re currently renting or not house hacking. Make the best decision for your current situation. Kind of like Princess’s sleeping situation below.
Buying Rental Properties via Ebay Flipping – Tom Brickman