198: 5 Properties Later... What Wish I Knew Then That I Know Now — Real Estate Investing Edition!

We grew our real estate business FAST, buying 5 properties in about a year and ½ - 2 year period. And, we’ve learned a lot! You know I’m all about sharing what works for me in my life and business, and that’s what we’re doing in today’s episode. I have my husband, Adam, back on the podcast and we’re sharing 7 things we learned in these first years of real estate investing. It’s the good, the bad, and the ugly with plenty of laughs along the way. 

Whether you also invest in real estate or if you’re just wanting to do this at some point, there is something for you here. And, if you want an update on our properties and how they did in 2022, head back to episode #197 where we share the RAW numbers of how things did last year plus lots of other tips as well. 

We discuss things like:

- Tenants (getting them, keeping them, tenant relationships, etc.) 

- Resources we LOVE for running our business

- How we think about interest rates

- Capex and how to calculate it 

- Stand alone homes versus townhomes/condos 

- How vacancy affects a real estate business 

- and more! 

Come tell us what you think over on Instagram @elizabethmccravy! 

Links mentioned in this episode:

- #197 http://elizabethmccravy.com/197 

- #134 - Real Estate Biz Q&A – Part 1: How We Got Started In Investing, Buying In A Seller’s Market, Working With Your Spouse: https://elizabethmccravy.com/134 

- #135 - Real Estate Biz Q&A – Part 2: How Much $$ Do You Ne

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

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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