136: Real Estate Biz Q&A - Part 3: Strategies for Getting Started, Other Ways to Invest Your Money, How to List Your Properties, and the Challenges We’ve Experienced Along the Way

It’s the final episode of our 3 part series on real estate! We’ll have to do a part 4 sometime down the line with updates, but I hope you have absolutely loved these so far and learned a lot from them. If you’re new here and missed the first 2 episodes, highly recommend going back and listening to those as well. 

For context on us, we own 3 long term rentals in the Middle Tennessee area. We are far from being “real estate gurus” or anything remotely similar. We’re just regular people, who actually have other jobs outside of real estate investing, who are doing this on the side and learning along the way! 

Here’s the scoop on the questions we’re answering today: 

 - I’d love to know more about how you’ve set it up as an LLC. We have one rental property that we have been renting for 7 years & we want to make the move to owning another in the next year or so, but we don’t have it set up as a separate business currently.

-  I’d also love to know the toughest / most challenging aspect of it so far, or something that came up that you didn’t expect.

- How do you find tenants to rent your properties?

- Have you considered two tenant properties? Why/why not? 

- Would love to know how you guys went about “studying/learning” about real estate. Books? Course? Google 😝

- Do you think real estate is the best place to invest your money?

- When deciding where to invest money… What other options do you like outside of real estate? 

Links mentioned in this episode:

- For all links mentioned, head to the full show notes at https://elizabethmccravy.com/136

- Learn more about my business at https://elizabethmccravy.com/ 

As you start your biz, you’re likely starting subscriptions to things left and right, like Showit, Dubsado or Honeybook, FloDesk, Riverside, and Kajabi just to name a few. To get the best deals on your needed software + easy to understand info about that software and if it’s right for you, head to https://elizabethmccravy.com/tools

(This page does use affiliate links, which means I may earn a commission!) 

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Over my 9 years of business, I have learned some financial skills the hard way and a few years ago, I developed an an 8 step process I go through at the end of each month. This process helps me know how my business is doing financially, pay myself well and allocate money for things like taxes and expenses. And, it's yours for FREE at https://elizabethmccravy.com/profit