64. Living the life in the tropics and passive income with Becca Hint
ABOUT BECCA HINT
Becca Hintergardt is the Owner of Hint Investments and a Multifamily Investor. She specializes in helping others craft a plan to live a passive income lifestyle through commercial real estate investing. She currently lives in Nosara, Costa Rica. Her life in the tropics is largely supported by passive income from her multifamily real estate investing. Becca’s team is under construction on their newest asset a 100-unit Quality Inn Motel in Arizona that they are converting to 65 multifamily units.
Additionally, she has invested in and overseen multiple projects, and she is an LP on several buildings totaling over 450+ units throughout Texas. Becca is inspired to help others live an authentic life of passive income freedom and location independence through real estate investing.
THIS TOPIC IN A NUTSHELL:
[01:30] Becca’s career background and life in the blue zones
[02:50] What is considered a blue zone?
[04:00] Life in Costa Rica
[05:50] How she started in Passive Investing
[06:15] 3 Buckets to Real-estate Investing
[08:22] House hacking
[10:00] A look at multifamily investing
[11:25] Moving from San Francisco to Costa Rica
[14:02] Primary residence as an investment
[15:29] Tax advantages and deductibles of investments
[17:30] How to look for passive investments
[19:51] Self-directed IRAs
[22:07] How to vet the operators and find them
[23:13] Co-GP model
[26:02] Hotel conversion project in Arizona
[28:06] Landmines of hotel conversions to multifamily
[32:00] Why choose value-add deals?
[33:42] Advice to her 25-year-old self
[34:11] First Entrepreneurial Endeavor
[35:05] Formal and informal training that shaped her journey
[36:23] Her biggest mistake and what did she learn from it
[38:04] How to reach out to Becca Hint
KEY QUOTE:
[05:20] We’re here in Costa Rica supported by 80% of passive income from RE investing. I love this business and I feel like this is the key to financial freedom and location independence, especially for those who align themselves with people who know how to do it.
[25:20] When my first passive investment went bad and things are going sideways, there was nobody to interpret my interest, so it’s nice to be in there, be somebody who has a seat at the co-GP table. I think it protects everybody that way.
[39:40] No growth happens in your comfort zone. If you’re not uncomfortable with it, you’re not growing. Just know that anybody can do this and live a life of passive income and location independence. It’s not as hard as you think.
SUMMARY OF BUSINESS:
HINT INVESTMENTShelp you discover if passive income investing is right for you and be your guide in the process. We find and vet the best multifamily deals in high-growth markets and share them with you. If you decide to invest, we walk you through the process step by step. Your work is done. Sit back on the beach sipping Mai Tai’s while we do all the heavy lifting and you collect cash flow, tax benefits, and the appreciation gains while we provide you with updates all the way through the project.
ABOUT THE WESTSIDE INVESTORS NETWORK
TheWestside Investors Network is your community for investing knowledge for growth. For real estate professionals by real estate professionals. This show is focused on the next step in your career... investing, for those starting with nothing to multifamily syndication.
The Westside Investors Network strives to bring knowledge and education to the real estate professional that is seeking to gain more freedom in their life. The host AJ and Chris Shepard, are committed to sharing the wealth of knowledge that they have gained throughout the years to allow others the opportunity to learn and grow in their investing. They own Uptown Properties, a successful Property Management, and Brokerage Company. If you are interested in Property Management in the Portland Metro or Bend Metro Areas, please visit www.uptownpm.com. If you are interested in investing in multifamily syndication, please visit www.uptownsyndication.com.
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CONNECT WITH BECCA HINT:
Email: becca@hintinvestments.com
Website: https://www.hintinvestments.com/
LinkedIn: https://www.linkedin.com/in/becca-hint-hintergardt-020a82204/
Instagram: https://www.instagram.com/beccahint/
Download my free e-book! 6 Steps to put your Income on Autopilot and Move Overseas
CONNECT WITH US
For more information about investing with AJ and Chris:
· Uptown Syndication | https://www.uptownsyndication.com/
· LinkedIn | https://www.linkedin.com/company/71673294/admin/
For information on Portland Property Management:
· Uptown Properties | http://www.uptownpm.com
· Youtube | @UptownProperties
Westside Investors Network
· Website | https://www.westsideinvestorsnetwork.com/
· Twitter | https://twitter.com/WIN_pdx
· Instagram |
Information
- Show
- FrequencyUpdated Biweekly
- PublishedJuly 6, 2022 at 6:00 PM UTC
- Length41 min
- RatingClean