In this episode of The #DoItMovement® Podcast, host Martine Richardson, along with co-hosts Lori Eubanks and Tilisa Stubbs, delve into Tilisa's inspiring journey from a corporate accounting background to becoming a successful real estate investor. Tilisa shares her struggles, the importance of resilience, and how she learned to raise private money effectively. She emphasizes the value of coaching and mentorship in her journey and discusses the significance of building confidence and sharing one's story to inspire others. The conversation also touches on practical strategies for engaging potential investors and the lessons learned from her first real estate deal. In this conversation, Tilisa Stubbs shares her journey in real estate investing, focusing on creative financing strategies, the importance of adding value to partnerships, and the significance of cash flow in property management. She discusses her approach to private money lending, the resources that have influenced her mindset, and the value of coaching in expediting one's learning curve in real estate. The conversation emphasizes the importance of community and collaboration in achieving financial freedom through real estate investments.
Takeaways
- Tilisa transitioned from a corporate job to real estate investing.
- Wholesaling requires more investment than initially perceived.
- Persistence is key to overcoming challenges in business.
- Building relationships is crucial for raising private money.
- The G-Ford strategy helps structure conversations effectively.
- Coaching can transform introverts into confident communicators.
- Investors are often looking for opportunities to invest their money.
- Sharing your journey can inspire and help others.
- Confidence can be built through practice and exposure.
- Partnering with experienced investors can ease the learning curve. The property was purchased for $650,000 with seller financing.
- Negotiated terms included a 0% interest on seller financing.
- Raised $100,000 for down payment and renovations.
- Adding value is crucial for successful partnerships.
- Investing in personal skills can lead to better opportunities.
- The exit strategy focused on cash flow and long-term gains.
- Private money lenders often prefer longer investment terms.
- Targeting non-experts can yield ideal lending opportunities.
- 'Rich Dad Poor Dad' is a transformative resource for investors.
- Coaching can significantly reduce the learning curve in real estate.
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