390: Making Over $10K/Month Thanks to “Conscious” Multifamily Investing w/Yiting Yang

Real Estate Rookie

BiggerPockets

How To, Education, Business, Investing, Entrepreneurship

4.8 • 1.7K Ratings

🗓️ 8 April 2024

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

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Summary

With the right rental properties, you could not only bring in thousands of dollars in cash flow each month but also build long-term wealth. Just ask today’s guest! Despite her fulfilling career, she came to the realization that she wasn’t on the path to financial independence and decided to take things into her own hands! Welcome back to the Real Estate Rookie podcast! Yiting Yang is a traveling pediatric neurologist whose multifamily investing portfolio brings in well over $10,000 in monthly cash flow. But that wasn’t always the case. During the early stages of her investing journey, Yiting dealt with difficult lenders, dishonest property managers, delayed renovation projects, and the everyday challenges of out-of-state investing. In this episode, she gets into the mental side of investing and how practicing mindfulness can help you navigate the ebbs and flows of real estate. A conscious investor, Yiting talks about the importance of choosing an investing strategy that aligns with your core values and long-term goals. She even delves into her struggles with financing and why a low interest rate isn’t the be-all and end-all when vetting a lender! In This Episode We Cover: How this traveling neurologist took control of her financial future with real estate Choosing a strategy that aligns with your real estate investing goals When you shouldn’t choose the lender with the lowest mortgage rates The common challenges of managing small multifamily properties Fast-tracking your investing journey through the power of partnerships Why you NEED a top property manager for out-of-state investing How to navigate the mental side of investing in real estate And So Much More! Links from the Show Find an Agent Find a Lender Ashley's BiggerPockets Profile Ashley's Instagram Tony's BiggerPockets Profile Tony's Instagram Real Estate Rookie Facebook Group Join BiggerPockets for FREE Submit Your Real Estate Rookie Question! Making $7K/Month in PURE Cash Flow with Only 3 Rental Properties w/Bailey Kramer Your Step-by-Step Guide to Buying Out-of-State Investment Properties The Multifamily Invest Masterclass: How to Get Started in 2024 Connect with Yiting: Yiting's BiggerPockets Profile Yiting's Facebook Yiting's Instagram Yiting's LinkedIn Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/rookie-390 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email: [email protected] Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This is real estate rookie episode 390.
0:04.8	Can you start off investing out of estate with commercial properties?
0:09.8	What are the big factors to consider when this is your first real estate deal?
0:15.1	My name is Ashley Kerr and I'm here with Tony J Robinson.
0:19.3	And welcome to the Real Estate Ricky podcast where every week,
0:23.0	twice a week, we bring you the inspiration,
0:25.5	motivation, and stories you need to hear
0:27.7	to kick start your investing journey.
0:29.4	Now, today's guest is E-Ting Yang,
0:32.0	and she's a traveling pediatric neurologist
0:35.0	that finally realized she really needed to take control
0:38.0	of her own financial destiny.
0:39.0	And obviously she chose real estate to do that.
0:41.0	So she's currently house hacking in San Diego and
0:43.6	investing in small commercial properties in the Midwest and she picked an asset
0:48.0	class that fits her specific investment goals. We'll also hear about some of the
0:51.8	challenges dealing with larger properties and
0:54.3	what she learned from her first deals to help save you from things like an ulcer
0:59.2	from your lender. We'll also learn how to help with the mental battle you're facing when losing money or dealing with stress on the job or in your business and she'll share a horror story about buying a small business, what she learned the lessons you should learn as well.
1:13.5	So E-teen, welcome to the show, super excited to have you today.
1:16.7	Thank you so much for having me.
1:18.3	We'd love to hear about your experience, diving into real estate, and what kind of helped you get clear on where
	...

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