Over memorial day weekend, I talked with my friend, Suzanne, about her real estate investing journey. This is the second in a two-part series. In the first part (episode 25), we talked about buying her first property in New York as an immigrant woman, how she assesses an investment property and the biggest resource for newbie real estate investors.
Suzanne Brume is a management consultant (an executive at that), an avid fitness enthusiast, a real estate investor, and an investor in many other engines. She lives in New York City but has spent a lot of her time exploring the world. She believes in utilizing the tools we have to build financial independence, and also educating women and black people to be able to do the same. Keep up with Suzanne on Instagram and Twitter @ eightsnweights where she shares fitness routines every Monday! The lady rocks a six-pack all year, yall!
In the concluding part of our conversation, we pick up right where we left off and we talk about:
Getting cash to start out in real estate investing and how options available to reduce that initial capital burdenHouse hacking: What it is and how it worksThe realities of self-managing your investment propertyBest time to transition/outsource to hiring a property managerCost of getting a management company and alternatives to reduce those costsHow she picks real estate markets to invest inWhat her ideal real estate portfolio looks likeWe wrap up the conversation with Suzanne's definition of what it means to be a rich immigrant and her parting words for immigrants like you and me.
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