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
Here's Your Video – Building a Rental Portfolio of 28 Houses in 6 Years with Farrah Ali
Rather watch? You can do that here.
Thanks for Listening to the Show!
I would really love to hear from you. Please leave a note in the comments section below. And, if you enjoyed this episode, please share it on social media using the social share buttons below.
Subscribe and Review in iTunes
Are you subscribed to my podcast? If you’re not, I want to encourage you to do that today so you don’t miss a single episode. I’m doing some special bonus episodes and if you’re not subscribed there’s a good chance you’ll miss out on those. Click here to subscribe in iTunes!
I would be really grateful if you left me a rating and review over on iTunes, too. I love reading those reviews, and they help other people find my podcast. Here's how you do that: Just click here to leave a review. Once you're on Apple podcasts, click “listen in iTunes”. Then select “Ratings and Reviews” and “Write a Review”. Let me know what your favorite part of the podcast is. Thank you!
You can listen and subscribe on Stitcher by clicking this link: Subscribe on Stitcher
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 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.
Have you gotten your freebies and subscribed to the blog? If not be sure to do that today so you don’t miss any of the business building tips I have coming your way. I want this year to be your best year ever!