My guest today is successful rehabber, Beka Shea. Beka is a wife and the mother of 3 daughters. She is an engineer by trade.
Beka also spent 4 years in the Navy. Part of that time was spent on an aircraft carrier so she has an interesting story to tell.
If you're wondering how to make the decision to ditch the “9 to 5”, you will hear how Beka took a leap of faith and dove headfirst into entrepreneurship.
I talk a lot about the importance building a lifestyle business. At the end of the day, having the lifestyle you are passionate about living is what drives so many investors. It certainly plays a big part in the day to day decisions that we make.
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I'm the youngest of 4 daughters and I grew up in rural Pennsylvania. I've always been an exuberantly tenacious person, setting stretch goals and moving on to the next one. I went to college at WPI for Mechanical Engineering on an ROTC scholarship, then I spent about 4 years in the Navy.
After that, I put my engineering degrees to use working for an Energy Efficiency company out of Boston for 7 years. When my 3rd daughter was born, I decided to spend less time traveling and more time at home.
We bought our first rehab, which was a hoarder house that we essentially gutted, and I was hooked. Making ugly things pretty is my favorite. The first year I flipped 3 houses, the second year I flipped 6, and then I moved up to one a month and started building out a team to support that. This year we're on track to do 15 flips and about 20 wholesales, as well as venturing into the rental arena.
As an aside – It's crazy that I always feel like the little fish because I keep moving to bigger ponds. If you had told me 3 years ago where I would be now, I would not believe it. But here I am, and it still doesn't feel like “enough”! 🙂
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Today I have some safety tips for fireplaces and chimneys. The month of December is all about safety.
This is the time of year when everyone that has a fireplace, wants to prop their feet up and sit by the fire. Sitting by a warm fire is definitely one of my guilty pleasures.
It’s also the perfect time for a reminder about fireplace and chimney safety. It is estimated that there are approximately 14,000 fires started every year by fireplaces.
In spite of all the pleasure they bring us, we also need to remember that whenever you are dealing with an element as potentially dangerous as fire, knowledge really ispower. Here are some simple steps you can take to help you stay safe.
This show today will change the way you think about where to invest. My guest is Kira Golden the CEO of Direct Source Wealth, and we're going to dive into investing where it makes sense (which may not be where you live).
Kira took a bold step of investing outside of where she lived in order to get big tax benefits. This show is going to encourage you to think outside of the box.
You know what separates struggling investors from great investors?
2 words. Good Math.
I’m a numbers guy. You live by the numbers or you die by them in the real estate game. Short of divine intervention, no amount of luck, sorcery or practical know-how can save you from a bad property if the numbers simply don’t work.
It’s no secret. It’s just slightly elusive. And honestly, I totally understand how SO MANY landlords fall into this trap.
Most new investors will get an approval letter from the bank saying they can afford a property worth “X” so they calculate their mortgage payments, potential rental income & property taxes and sign on the dotted line.
The truth is, that there is so much more to consider! That’s why I always run all of the numbers before even considering a purchase. While it may be tempting to take shortcuts like using the famous “50% Rule” when vetting properties, shortcuts like this can be disastrous when you’re on the hook for hundreds of thousands of dollars.