946: How to Supplement Your Income with Real Estate (So You Can Do What You Love) w/Juliet Lalouel

BiggerPockets Real Estate Podcast

BiggerPockets

Investing, Education, Business

4.8 • 16.6K Ratings

🗓️ 1 May 2024

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Why are rock stars turning to real estate side hustles to pay their bills? During the lockdowns, many musicians, gig workers, and creatives saw their income streams dwindle. There were no shows to play, no tours to attend, festivals were canceled, and human-to-human contact was limited as much as possible. As a result, famous musicians began to become real estate agents, mortgage brokers, investors, house hackers, and everything in between to pay their bills. And guess what—it worked! Now, touring is back on, but those whose job is pursuing their passions still need extra income to take care of their bills during slow seasons or to build wealth. That’s where Juliet Lalouel from Heavy Realty comes in. Juliet is a Colorado and Hawaii-based investor and real estate agent who helps the music and creative communities find ways to fast-track their financial freedom to keep doing what they love. But her message doesn’t just apply to musicians. Anyone who loves what they do but wants more financial stability can take these lessons to heart. Today, we’re talking about how anyone from any background can use real estate to supplement their income, pay their bills, and help them build wealth. Juliet shares why you may make a great real estate investor/professional without even knowing it and the beginner investments that ANYONE can try to start building a strong financial fortress, even if you’re a real estate enthusiast by day and a rock star by night. In This Episode We Cover Real estate side hustles that’ll help you make extra income no matter your experience Why musicians and creatives make GREAT real estate investors The best ways to start making money with real estate and how to find your perfect role Beginner investments for anyone to start building wealth today Financing your first investment property, even if you DON’T have a W2 Why real estate is the ultimate side income stream to support your dreams And So Much More! (00:00) Intro (01:36) Anyone Can Invest (05:07) Why Musicians Make Great Investors (07:53) The Best Way to Get Started (13:40) Beginner Investments (17:57) Financing Your 1st Property (20:52) Do Your Passion Full-Time Check out more resources from this show on BiggerPockets.com and https://www.biggerpockets.com/blog/real-estate-946 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email advertise@biggerpockets.com. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Henry, did you start investing in real estate so you could quit your job or to help supplement
0:05.8	something else in your life that you're passionate about?
0:08.1	Oh no, I started investing so I could make enough money to quit my job.
0:11.6	Really? When I first started, I was too dumb to know that that was even a possibility.
0:17.2	I was just like trying to marginally improve my financial position.
0:21.4	But obviously most people get into real estate to replace their
0:24.1	W-2 or 1099 income.
0:26.6	But today we actually have an investor and real estate agent who helps people use real estate
0:32.2	specifically to not quit their jobs.
0:35.0	Well it just came out in Rolling Stone that many musicians and other members of the part-time and gig economy are actually turning to real estate as a means to make a living. time and
0:45.0	our
0:48.0	our guest today was one of the voices featured in this article
0:49.0	where they are discussing why this is happening
0:52.0	and how people can make a great income in real
0:55.7	estate part-time to support their passions.
0:58.7	Hey everyone, my name is Dave Meyer, joined today by Henry Washington, and we're going to be bringing on real estate agent
1:05.0	Julia Lalluelle who is working specifically with musicians, artists, other members of the part-time
1:11.5	and gig economy to get into real estate to
1:14.4	supplement their income. On the show today you're going to learn about the many ways
1:18.4	that you yourself can get involved part-time in the real estate industry. We'll talk about getting involved in the real estate services
1:25.2	industry as a way that you can learn how the business goes. And in the second half of the show,
1:30.0	we'll talk a lot about how you can get started investing in real estate part-time.
	...

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