Leaving a Corporate Career to Pursue Multifamily - with Derek Clifford | TLS132
Derek is a multifamily investor who has recently left his W-2 job and is passionate about helping couples achieve financial independence TOGETHER through investing. He and his wife are AirBNB nomads, raising capital and investing in the best value add properties available. Derek and his wife Sophie has placed over $1MM investor capital in 4 syndications and currently holds equity in over 100 units in Texas and Indiana markets.
Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. He has since retired himself from his job! Today he is a multifamily investor controlling 100+ apartment units with over $10M AUM. He is also an author, and podcast host of the "Elevate Your Equity" show. Derek is also the founder and CEO of Elevate Equity, a firm that partners with individuals and companies to purchase, improve, and operate cash-flowing multifamily apartment real estate. Derek published his first book "Part-Time Real Estate Investing for Full-Time Professionals," in 2019, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job.
He also loves to give back his knowledge and has a passion for breaking down complex ideas into easy-to-explain topics. He’s helped many people start, maintain, and grow their portfolios to achieve their own financial independence. In his spare time, Derek enjoys relaxing with his wife, biking, hiking, reading, and undertaking small household construction projects.
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WE DISCUSS:
- Why their real estate journey began by accident.
- How they managed their careers while working on their real estate business.
- The importance of monitoring their finances.
- How they chose the markets they invested in.
- Their first out-of-state investment.
- Their transition to multifamily.
- How they became an unhoused couple.
- The details of their 36-unit deal in Indianapolis.
- Their career and business plans.
- Their biggest mistake.
- Their biggest win.
- Their best advice for someone just starting.
KEY QUOTE:
“I was stuck in analysis paralysis. When I shifted my mindset from a financial incentive to a knowledge incentive... that's when the action happened"
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Visit their website at https://elevateequity.org
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Information
- Show
- PublishedNovember 1, 2021 at 6:00 AM UTC
- Length46 min
- RatingClean