012- Building Wealth Through Real Estate Investing
Journey To Launch
Jamila Souffrant
5 • 1.7K Ratings
🗓️ 27 September 2017
⏱️ 41 minutes
🧾️ Download transcript
Summary
Investing in real estate can be very risky yet very rewarding. Learn how Kendra Barnes without knowing much, in the beginning, started her fast-growing real estate empire. It all started when she and her husband had an epiphany while playing a board game which inspired them to get serious about building wealth and they haven't looked back since.
While buying real estate isn't for everyone (as discussed in last week's podcast episode with Kristy & Bryce), if you do your proper research and invest wisely, you can eventually build a nest egg of asset producing properties that will serve you well on your path to Financial Freedom.
In this episode with Kendra Barnes we discuss the following:
- How she and her husband owned seven rental units by the time they were 30 years old
- Why and how real estate is a good or not so good investing option for people
- What makes someone successful as a real estate investor
- What are the steps someone can use to buy their very first property (especially if they don't have much money)
- Tips for someone living in a HCOL area who wants to get into the real estate game
- The costs that you should be prepared for when buying and maintaining an investment property and primary residence
- Why you need to step out of your comfort zone to build wealth plus so much more!
Other related blog posts/links mentioned in this episode:
Kendra's site- The Key Resource
Episode 11- Rejecting Homeownership, Traveling the World & Retiring by 31 Years Old
YNAB - You can try it free for 34 days and after that its $5 a month or $50 a year. I recommend you at least sign up for the free trial. If you don’t want to continue after the trial, you will have at least practiced active budgeting for a month. If you sign up beyond the 34-day free trial using my referral link, you’ll get a month free and I’ll get a month free, seems like a win-win to me!
Connect with Kendra:
Connect with me:
- Journey To Launch Instagram
- Journey To Launch Twitter
- Journey To Launch Facebook Page
- Join the private Facebook Group
Transcript
Click on a timestamp to play from that location
| 0:00.0 | You're listening to episode 12 of the Journey to Launch Podcast, |
| 0:04.6 | Building Wealth through Real Estate Investing. |
| 0:08.0 | T-minus. |
| 0:10.2 | Welcome to the Journey to Launch Podcast with your host Jamila Sufraj as a muddy expert who walks her talk. |
| 0:17.0 | She helps brave journeyers like you, get out of debt, save, invest, and build real well. |
| 0:24.0 | Join her on the journey to launch to financial freedom in... |
| 0:28.0 | Five, four, three, three, two, one. |
| 0:37.0 | Hey, hey, everyone. Thank you so much again for joining me on the Journey to Launch podcast. |
| 0:45.0 | This week's episode, I think is another great one, if I must say so myself, |
| 0:50.0 | and I really hope you enjoy it. |
| 0:51.0 | I have Kendra Barnes from the Key Resource and Kendra is just an amazing person and |
| 0:58.8 | I'm so inspired by her story. She is a real estate investor, and she has built her wealth and is building her |
| 1:07.7 | wealth through real estate investing, and she's now helping others do the same and |
| 1:12.0 | learn about real estate. And so I can't wait to get |
| 1:15.2 | into all this great information that Kendra shares about her journey and about |
| 1:20.6 | what she did to get into real estate and how you can get into real estate investing |
| 1:26.6 | too if you're interested in it. |
| 1:28.4 | Last week I spoke with Bryce and Christie on episode 11 and they talked about not buying real estate, how not investing in a home and in the |
| 1:40.4 | high cost of area living they were in really propelled them to be able to retire by the age of 31. |
| 1:48.0 | And so Chrissy and Bryce, they don't think home ownership was something that was for them them and they chose to go an opposite way. |
| 1:55.8 | And I think it's pretty cool to have Kendra on this episode because she is using real estate |
| 2:01.2 | as a means to build wealth. |
... |
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