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Adding Value: What Mistakes You Should Avoid

Adding Value: What Mistakes You Should Avoid

FromThe Real Estate InvestHER Show


Adding Value: What Mistakes You Should Avoid

FromThe Real Estate InvestHER Show

ratings:
Length:
47 minutes
Released:
Jul 29, 2022
Format:
Podcast episode

Description

Whether you’re wanting to sell or just looking for an upgrade, there are so many ways you can do to increase the value of your property. But before going overboard and over budget with renovations, how can you make sure that you’re going to get the best ROI?In this episode, Liz and Andresa welcome Liz Young. Coming from the commercial real estate tech industry, she believes in using the power of data to help homeowners make smarter home investments. She shares her expert insights on the dos and don’ts of home improvement projects, why it’s critical to understand zoning, and how you can build productive relationships with contractors.Liz Young is a former real estate investor turned entrepreneur. In 2019, she founded Realm with the goal of giving homeowners the data-driven tools they need to be house rich, not house poor. Realm, a venture-backed startup, has raised nearly $20M to date and has helped over 50,000 homeowners get more value out of their houses. Quotes• “Primary residences are the best way for people to ease into the world of real estate investing and get comfortable in a way that feels low risk because you're still living in the house.” (7:40-7:50)“If you are taking the mindset of a real estate investor, you need to really start to think about not only what will I enjoy or what will make my life better, but also what will I recoup at the end of this?” (8:20-8:21)• “Adding space, square feet, is, besides location, the biggest driver of home value throughout the US. (13:07-13:13)• “Zoning is the world of exception handling. If you're able to identify those exception pockets, then you're able, even in a complex zoning municipality or town to still build the home you want.” (17:09-17:21)• “If you're talking about your first investment, whether it's going to be your primary residence or your first multifamily, what is your advantage? Why are you going to be better at this than someone else?” (24:45-24:53)• “You're going to learn the most from having a good relationship with professionals that will collaborate with you out of the gate.” (25:34-25:40) Connect with Liz:Download the Realm app here: https://realmhome.com/ Instagram: @lizpaigeyoungLinkedIn: https://www.linkedin.com/in/elizabethpaigeyoung/ Twitter: @LizPYoungResource mentioned: The Hard Thing About Hard Things by Ben HorowitzHow To Join the InvestHER Movement 1) InvestHER CON 2023Meet Us in Arizona! | InvestHER CON 2023 Early Bird Tickets are available now!The inaugural InvestHER CON was unforgettable.We saw women freely raising their hands, asking questions, and going to the mic to share their thoughts; we saw women confidently speaking with sponsors, holding intimate conversations with each other, and connecting on a deeper level with themselves.You laughed with us.You cried with us.You played in the arena with us.And most of all, you inspired us!We’re not stopping there. We’re thrilled to announce that InvestHER CON will be returning in May 2023, at a venue in sunny Arizona!Early bird tickets are available now:https://www.therealestateinvesther.com/offers/K92UxTz3/checkout2) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses, and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via:Apple Itunes SpotifyAmazon MusicAndroid  Stitcher  3) The Real Estate InvestHER Membership STRIVE is a one-of-a-kind membership for experienced women investors looking to make deeper connections and take their Real Estate business to the next level. It is more than a transactional membership, and it is a transformational experience for women looking to live life on their own terms.4) InvestHER Community on Facebook We have thousands of members in our Facebook Invest
Released:
Jul 29, 2022
Format:
Podcast episode

Titles in the series (100)

The Real Estate InvestHER Show delivers straight talk and inspiration for current and aspiring female real estate investors to live both balanced and financially free lives. Co-hosts Liz Faircloth and Andresa Guidelli bring on rockstar women investors who open up their lives and share practical tools for growing a rental portfolio, flipping houses, and developing the mindset that allows them to run successful businesses while taking care of their families and – most importantly – taking care of themselves.