Welcome back to the Wealth Within Reach podcast, Season 2!

In this episode, I walk you through the entire lifecycle of a real estate investment, breaking down each crucial phase so you can make smarter decisions along the way. We start with acquisition, the hands-on stage where you set your goals, find the right property, and build a reliable team to support you. Next, we tackle the often-overlooked stabilization phase, where the key to long-term success lies in setting up tenants, streamlining operations, and transitioning your investment to a more passive state. Lastly, we dive into the exit strategy, explaining how I assess my property portfolio each year to decide whether to hold or sell properties based on performance and market conditions.

Whether you’re a first-time investor or looking to grow your portfolio, this episode is packed with practical tips to guide your investment decisions and maximize returns.

KEY POINTS:

– Phase 1: Acquisition – Determine your market, have a rental strategy, and create your team

– Phase 2: Stabilization – Choose tenants, set up property management, and create systems for business

– Phase 3: Exit Strategy – Factors to consider: increased expenses, difficulty finding tenants, and low cash flow

Listen to the full episode here!

“Don’t just go out there and start buying property. You need to have a strategy — some goals that you are working towards.” – Erika Brown

 

 

 

Our aim is to become the #1 Real Estate podcast with a focus on amplifying black, brown, and female voices in a space where we’ve been underrepresented. Our stories are powerful, and it’s time they were heard loud and clear.

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