A 7% interest rate looks like a wall to a lot of buyers, but Erika Brown sees a market where deals are landing $45,000 and even $150,000 under asking. In this episode, I sit down with Erika, a real estate investor and serial entrepreneur whose portfolio generates over six figures a year, for an update five years after her first appearance. Erika left banking, got her real estate license, and built a team. She went on to acquire almost 40 rental properties, start a nearly seven-figure landscaping company, and co-found a Georgia brokerage with over 250 agents. It all began with a goal of making $5,000 a month so she could attend her kids' activities without asking permission. Today, she and her husband are selling properties to pay off properties, shrinking the portfolio while increasing cash flow. Erika also breaks down how to read a market, fund a first investment property, and decide whether you are an owner, an operator, or a passive investor. Her bigger point is that building wealth is about having options, including when to push, when to pause, and how much of your life to spend on what matters. In this episode, Erika shares: Why high interest rates can create real estate opportunity instead o nog f closing the door How to fund a first investment property with the step-up strategy, a 401k loan, a HELOC, or a self-directed IRA The difference between owners, operators, and passive investors, and how to choose your role Why she is paying off properties and prioritizing options and time with her family over more hustle Check out Erika's Conference The Owning It and Living It Experience happening November 13 to 15 at the Starling Hotel in Midtown Atlanta. Use code FREEDOM for 30% off tickets, which close October 31. What's New in the Paperback Edition of Your Journey to Financial Freedom: A bonus chapter: When Life Happens: Staying on the Path to Financial Freedom Through Setbacks, Shifts, and Uncertainty A book club and discussion guide with prompts, exercises, and action steps Updated corrections from the original hardcover Exclusive bonuses when you purchase the paperback, including: The Fire Starter Course The Find Your FIRE Number Worksheet Other related blog posts/links mentioned in this episode: Get your ticket to The Owning It and Living It Experience. Use code FREEDOM for 30% off tickets Get your paperback edition of Your Journey To Financial Freedom if you haven't already. Apply to Share Your Journeyer Story, here./' Join the Journey to Launch Book Club to dive deeper into financial freedom with guided discussions and resources here! Join The Weekly Newsletter List to get updates, deals & more! Leave Your Journey To Financial Freedom a review! Get The Budget Bootcamp Check out my personal website here. Leave me a voicemail– Leave me a question on the Journey To Launch voicemail and have it answered on the podcast! YNAB – Start managing your money and budgeting so that you can reach your financial dreams. Sign up for a free 34 days trial of YNAB, my go-to budgeting app by using my referral link. What stage of the financial journey are you on? Are you working on financial stability or work flexibility? Find out with this free assessment and get a curated list of the 10 next best episodes for you to listen to depending on your stage. Check it out here! Connect with Erika: Instagram: @erikabrowninvestor Facebook: OiliCommunity Connect with me: Instagram: @Journeytolaunch Twitter: @JourneyToLaunch Facebook: @Journey To Launch Join the Private Facebook Group Join the Waitlist for My FI Course Get The Free Jumpstart Guide
