Building a Rental Portfolio of 28 Houses in 6 Years with Farrah Ali
Apr 16, 2020
My guest today is Chicago investor, Farrah Ali. Farrah is a single mom with a full-time job that requires a long daily commute to downtown Chicago. At the same time, she has been successful in building an impressive portfolio of 28 rentals, she is completing her second flip, and she has done 16 wholesales.
What’s her secret? You’re going to find out in this show.
Show Notes – Building a Rental Portfolio
Here is some of what we covered in this show:
How she first learned about real estate investing
Buying her first house with only a few hundred dollars in the bank
Why having a strong “why” is so important to your success
Choosing her first investing strategy out of necessity
Her first deal
Why having a mentor is crucial to your success
How losing her job caused her to pivot and change investing strategies temporarily
How Farrah scaled up the over the last 6 years
Building a rental portfolio of 28 buy and hold properties, 1 flip, and 15 wholesales in just 6 years
The importance of aligning yourself with private money lenders if you want to scale your business
Her plan to pay off all her rentals in about 7 years
Co-founding We Win, a REIA group specifically for female investors and a non-profit that will help other investors
Final advice for anyone wanting to model her success
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About Farrah
While most people can’t handle one job, Farrah Ali has three. During the day she is a full-time insurance professional, and at night she is a full-time investor. To top it all off, the most important job for her is being a single mother to her 2 kids. Where she finds the time to do all that she does is still a mystery. Farrah has been a crucial piece to the growth of Chicago REIA since the beginning. Her journey with investing started in June of 2014. Now just 6 short years later, she has built a portfolio of 28 rental properties, she is completing her second flip, and she has done 16 wholesale deals in the past year.
If you would like to reach out to Farrah you can email her at: WeWinChicago.org or at Farrahali777@gmail.com
If you want to schedule a 1 on 1 call with me to talk about specific strategies for building your brand and creating more effective marketing for your business, you can do that here by clicking this link.
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While most people can’t handle one job, Farrah Ali has three. During the day she is a full-time insurance professional, and at night she is a full-time investor. To top it all off, the most important job for her is being a single mother to her 2 kids. Where she finds the time to do all that she does is still a mystery. Farrah has been a crucial piece to the growth of Chicago REIA since the beginning. Her journey with investing started in June of 2014. Now just 6 short years later, she has built a portfolio of 28 rental properties, she is completing her second flip, and she has done 16 wholesale deals in the past year.
