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145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business

145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business

FromReal Estate Rookie


145: Leaving the 9-5 Office Life to Start a Mother-Daughter Flipping Business

FromReal Estate Rookie

ratings:
Length:
72 minutes
Released:
Jan 5, 2022
Format:
Podcast episode

Description

Most people describe their start in real estate investing as a thought-through process. It usually includes a tedious plan with an incredible amount of time spent gaining background knowledge—but that’s not always the case. Today’s guest, Jan Trisler, stumbled into real estate investing by accident but hasn’t been able to look back after having four successful flips, while currently working on her fifth. Now, she has hopes of getting into rental properties in the upcoming year.Jan was already in a transition period in her life as she was moving from Nebraska to Arizona as a divorcee but she decided to take it one step further and trade her 9-5 for real estate. It started with purchasing her primary residence from an auction, then later rehabbing it to realize she could do this for a profit. From there, she made the transition from rehabbing to flipping and bought two more properties from an auction.Once Jan realized that flipping was not only a sustainable source of income but something she genuinely enjoyed, she formed an LLC with her daughter and made things official. While some are hesitant to work with family, Jan and her daughter have created a great system where work is allocated fairly, their wages are paid hourly and the financial investment works perfectly for them. By taking the investing “plunge”, Jan has been able to live and finance her ideal life while doing it with the people she cares about most.In This Episode We CoverHouse hacking and how to get your start in real estate investingWholesaling and whole-tailing and what that meansHow to make sure the job you work at matches your ideal lifeHow to set long-term and short-term goals and how to approach themBuilding processes and incorporating systems that help your business prosperOutsourcing and how to train employees (even if you’ve never been a boss)And So Much More!Links from the ShowReal Estate Rookie Youtube ChannelAshley's InstagramTony's InstagramReal Estate Rookie Facebook GroupAuction.comMLSHours Tracker AppTime Clock AppQuickbooksQuickbooks Time TrackingRookie Podcast 109: From Sleeping in His Car to Multi-Unit Landlord & The “Nomad” StrategySara's InstagramZillowRealtorCheck the full show notes here: https://www.biggerpockets.com/rookie145See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.
Released:
Jan 5, 2022
Format:
Podcast episode

Titles in the series (100)

Ready to build your real estate empire… but not sure where to begin?Think of us as your personal trainer.From detailed breakdowns of real-world deals… to one-on-one coaching sessions and a warm, welcoming community… hosts Ashley Kehr and Tony J Robinson bring on a wide range of guests to tackle the “newbie” questions you've wondered about but might be afraid to ask.Looking to 10X your real estate investing business this year? This show isn’t for you.Looking for your first, second, or third deal -- or envisioning a more modest portfolio? Step right up. Every Wednesday, we’ll arm you with the tips, tools, and roadmaps you'll need as you embark on your journey toward financial freedom.