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How Her "Street Cred" Closed $25 Million of Multifamily

How Her "Street Cred" Closed $25 Million of Multifamily

FromThe InvestHER Podcast


How Her "Street Cred" Closed $25 Million of Multifamily

FromThe InvestHER Podcast

ratings:
Length:
48 minutes
Released:
Mar 10, 2023
Format:
Podcast episode

Description

Welcome to The Real Estate InvestHER Show! In this episode, they have a special guest, Leigh Leite. Leigh is the Founder of Twenty-Five Eight Capital, a real estate investment company focused on multifamily syndications. Leigh has over 6 years of experience flipping over 150 homes and building a value-add single-family home rental portfolio and has recently transitioned to the multifamily space. As GP, she acquired $25 million in multifamily assets in 2022. In addition to her real estate experience, Leigh is also a physician assistant and has been practicing for 12 years. She has left her full-time job to pursue real estate full-time and enjoy time with her family in Virginia Beach, where she is raising her two children, Lillian and Xander. Leigh is passionate about helping others achieve financial freedom. Leigh shares her journey in real estate investing and how she retired from her career in medicine by the time her daughter started kindergarten. She also talks about her experience in buying and flipping over 150 homes, as well as a 62-unit apartment building that she and her team renovated and increased the rent on. She emphasizes the importance of finding properties and adding value to them, rather than just raising the rent without any improvements. Leigh also discusses the importance of building relationships and networking, as well as sharing your "street cred" or credibility in the industry. Leigh advises listeners to be succinct, and upfront about their business and experiences, and use numbers to back up their accomplishments. In the future, Leigh is planning on spreading the education about real estate investing to other busy working professionals and starting syndications to allow her family, friends, and colleagues to invest as limited partners in large assets. Ladies, this episode was full of valuable insights and strategies for finding success in the multi-family real estate market. Whether you're an experienced investor or just starting out, Leigh has shared some expert advice that you can put into action right away. Quotes ·        “If I had built my team and sought resources like coaches and mentors from the start, I think I would have gotten to where I am today even faster.” (07:33 – 07:53)·        “What's most important to me is time. It is my time to spend with the people that I love. It is my time to do activities that I enjoy. It is my time to even take care of my health." (09:34 - 09:45)·        "We aimed to generate passive income and replace our W2 jobs. We flipped houses to build our portfolio and eventually transitioned to multi-family properties for faster growth. The flip market has slowed due to current conditions, but we are fortunate to have made the transition. (17:05 - 18:11)·        “The crowd is less busy for the properties that [we] speak about. And I think in an economy we're in, in any economy, you have to keep asking the question, how do we observe what everyone else is doing? And do the opposite.” (21:47 - 22:07)·        "Everyone has something to share. Everyone has street cred. Don't dismiss your street cred. Even if you've only done two deals, we can look at those numbers and highlight the positive aspects.” (31:33 - 31:47)·        “Whether you are an active or a passive investor, if you don't speak the language of real estate, you are going to be in trouble.” (40:00 - 40:09)    Connect with Leigh:LinkedIn: https://www.linkedin.com/in/leigh-leite-bb09181bbWebsite: https://258cap.com/about/Instagram: https://www.instagram.com/25_8cap/?hl=enFacebook: https://www.facebook.com/profile.php?id=100064348291381 Resources Mentioned: ·        Rich Dad, Poor Dad by Sharon Lechter and Robert Kiyosaki·        The 4-Hour Workweek by Timothy Ferriss·        The Complete Guide to Buying and Selling Apartment Buildings by Steve Berges How To Join the InvestHER Movement  1) InvestHER CON 2023 HOLIDAY EDITION!*Get a ticket to IC2023 and receive access to the 2022 recordings immediately!·        How t
Released:
Mar 10, 2023
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.