I'm happy to have the second installment of my new series, “Successful Women in Real Estate Investing” for you today. My featured guest is Karen Margrave.
I first met Karen on BiggerPockets a while back. We both contributed chapters to the BiggerPockets Book “Real Estate Rewind”. In this book, we talk about what we would do differently if we were to start over today as our “wiser selves”.
In Karen's chapter (Chapter 9), she talks about the dramatic effect the downturn in the economy had on their business in Northern California. Her family had been in the real estate development business for close to 30 years when the market took a nosedive. She also talks about the difficult steps they took to save everything which included packing up and moving not only her family but her business to a completely new area in Southern California.
I hear folks talk about their “lack of connections” in their business all the time. They use this as a reason or an “excuse” for not moving forward.
When Karen's family made this big move, they had to establish new relationships in every area and learn the ins and outs of a new city. In Karen's story she talks a lot about how they met those challenges head on one at a time. Folks… this is starting over on a scale that I cannot even imagine. But as all great companies with a clear vision do, they were able to “rise from the ashes” and build a brand new business. Read the rest of this entry →