(317) 588 2929

Episode #8 – The Lifestyle Effect – How To Be A SuperMom Investor And Become Financially Independent

In this episode of the High Return Real Estate Show, Jeff Schechter interviews Nicole Hoss.

Questions Asked:

  • What is your background and what inspired you to get into real estate?
  • What steps did you take to become debt free?
  • How did you find your first deal?
  • What did you do after your first deal?
  • What are some of the difficulties you encountered?
  • What are your next moves?

Key Lessons Learned:

Debt

  • Prioritize your debts and work your way down.
  • Being a successful real estate investor means having your financial house in order.
  • You don’t have to be completely debt free to get started in real estate.

Real Estate

  • Real estate can be the answer to the question “what do you need to become financially independent.
  • Real estate is something you can do from home.
  • Nicole used a HELOC to finance her first property.
  • Listening to the Bigger Pockets podcast is how Nicole originally learned about real estate investing in Indianapolis.
  • Nicole spent six months researching the area before diving in and buying a property.
  • Many people over analyze, at some point, you have to jump in and learn by doing.
  • Start small with something easy to get into like a C class property. A good management team can make C class properties very successful.
  • Many people catch the “rent bug” once they get their first payments.
  • Tenanted units come with their own set of obstacles, a pre-rehab property is an opportunity to get a strong equity position.
  • A good management company can make things very easy when it comes to dealing with tenants.
  • You don’t have to stick with one area, you can expand after you get comfortable and take what you learned to other areas.
  • Take what you know and put it to use.
  • Real estate investing allows you to take your financial future into your own hands.

Resources Mentioned

Rich Dad, Poor Dad

Bigger Pockets podcast

Thank you for listening! If you enjoyed this podcast, please subscribe and leave a 5-star rating and review in iTunes!

Subscribe To Us On iTunes

Subscribe To Us On iTunes

You Might Like

How to Survive and Thrive During a Recession

How to Survive and Thrive During a Recession

In case that happens... What matters, always, is knowing how to not only weather a downturn, but how to prepare yourself for anything that happens in our economy. Enjoy your life! That's what this episode is all about.

LEARN MORE
How to House Hack Your Way to Financial Independence

How to House Hack Your Way to Financial Independence

Do you want to become financially independent? House hacking is a key way to begin your journey. But you need to know HOW. Our guests this week have hacked their way into building their own empire, through real estate investing AND influencing others on social media....

LEARN MORE
Why Self Storage is a Favorite Investment

Why Self Storage is a Favorite Investment

If you're an investor, you might some enjoy some excitement now and then... (Hey, some of us are wired differently). So when I say, "self-storage investment," that might not sound too exciting. But as an investor you will probably be interested in the potential...

LEARN MORE

YES, Let Me In!

Please Enroll Me In The Insider's Club So I Can Have Access To Deals Prior To The General Public.