207: Working Towards Time Freedom "In the Trees" with 3 Treehouse Rentals

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.7 • 1.8K Ratings

🗓️ 10 August 2022

⏱️ 69 minutes

🔗️ Recording | iTunes | RSS

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Summary

As an entrepreneur trying to build wealth, how do you find work-life balance? How do you prioritize your family and life when you work long hours for a better future? Is the time freedom you’re ultimately working towards worth the time you have to give up presently? Amanda Salovitch, today’s guest, shares the balance she’s been able to maintain as a full-time working mom, building a short-term rental business while going from zero to six units in a year and a half. Amanda has been passionate about real estate for a while. She became a licensed real estate agent fresh out of college in 2008. Amanda worked at a brokerage with another recent high school graduate, and when she decided to pursue a career at the bank, she watched him grow his investment career. The bank required a very fast-paced lifestyle, and it wasn’t until the pandemic that she began to slow down and reassess certain aspects of her future. She started listening to the Real Estate Rookie podcast and became inspired. She purchased three long-term rentals shortly after she began listening to the podcast. She then closed on a property with three short-term treehouse rentals with various income-generating activities. While living a hectic investor life, Amanda always includes her kids as much as possible. Her ultimate goal is to have the time and freedom to live the life of her choosing with her family, and with the path she’s on, she’ll be able to achieve it soon! In This Episode We Cover Getting your real estate license and the benefits of being a licensed investor Finding your personalized work-life balance and the importance of having a strong “why” The process of qualifying for a loan and how to qualify for the financing of your choosing The 1031 exchange explained, its benefits, and its shortcomings How to get your spouse on board with investing while communicating your goals Investing while still working your day job and how to manage your time for optimum efficiency And So Much More! Links from the Show Ashley's Instagram Tony's Instagram Real Estate Rookie Facebook Group Airbnb Real Estate Rookie Podcast MLS QuickBooks Apartments.com Lodgify Booking.com MileIQ The Real Estate Podcast Vrbo Connect with Amanda: Amanda's Website Amanda's BiggerPockets Profile Amanda's Instagram Check out the full show notes here: https://biggerpockets.com/blog/rookie-207 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is Real Estate Rookie Episode 207.
0:05.0	I don't need a lot of information to dive into something.
0:09.0	I execute really quickly where my husband is very much opposite.
0:13.0	Like he needs all the details.
0:15.0	He maybe is a little bit more emotional about it than I am.
0:18.0	Like he needs to be like brought along.
0:20.0	And so one of the ways that I got him on board is just by communicating with him,
0:27.0	keeping him in the loop about everything that I do,
0:30.0	and then really just having him see how it's worked.
0:33.0	So like buying this tree house property was very stressful.
0:37.0	It was like a nine month ordeal.
0:39.0	And I don't think anything could be ever more stressful than that.
0:43.0	And so I think that having gone through that really helped him to be
0:47.0	see that things can work out and just to have the confidence like
0:51.0	that we've done this so many times.
0:53.0	Like we can continue to do it.
0:55.0	My name is Ashley Care and I am here with my co-host Tony Robinson.
0:59.0	And welcome to the Real Estate Rookie Podcast where every week twice a week
1:03.0	we bring you the inspiration information and stories you need to hear
1:07.0	to help kickstart your real estate investing journey.
1:09.0	And I'm here with my lovely co-host Ash. What's going on?
1:12.0	What's new in Western Buffalo these days?
	...

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