4.6 • 658 Ratings
🗓️ 17 April 2020
⏱️ 65 minutes
🧾️ Download transcript
Are you looking to invest in real estate?
How would you like to invest in real estate without fixing toilets, roofs, dealing with tenants or contractors?
Sound too good to be true? Its not.
Learn how some of the expert real estate investors invest in real estate with less risk and less stress.
For more information, visit the show notes at https://moneytreepodcast.com/292
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0:00.0 | Welcome to the Money Tree Investing Podcast. |
0:04.5 | Stock market, wealth, personal finance, value stocks, invest in your life. |
0:11.2 | Welcome to this week's episode of Money Tree Investing Podcast. |
0:14.5 | My name's Kirk Chisholm and I will be your host of today's show. |
0:18.0 | So today we're talking with Penny Zalinkoff. How you doing today, Penny? |
0:22.4 | I'm great, Kirk. Thanks for having me. How are you? I'm doing great. I am looking forward to this |
0:27.3 | episode because we've been trying really hard to find somebody who understands real estate lending. |
0:33.5 | It is a topic near and dear to my heart because we do a lot of it. And I'm curious to talk to Penny |
0:38.6 | about her thoughts on this. So Penny, why don't we start by a little bit about your background and |
0:43.0 | where you've come from in kind of your progression here? Sure, absolutely. Thanks for the opportunity. |
0:48.5 | Over 20 years ago, I was in the corporate world as well, working Monday through Friday 8 to 5, |
0:53.3 | like so many of us. And I actually |
0:56.5 | watched an infomercial way back in the day. And it was talking about buying houses with no money |
1:02.3 | down. So I bought the program. It was $99 at the time. And I went through the program. I got it |
1:07.8 | my front door, opened it up. And it was a box with two things in it. |
1:12.0 | It was a little manual, training manual, and a CD set. So I wasn't quite sure I was going to learn |
1:17.5 | how to buy real estate with just those two pieces, but I went through the program and lo and behold, |
1:22.5 | I understood the concept, but I still didn't know how to do that. So I actually am self-taught in the real estate |
1:28.7 | world. I started over 18 years ago with my first flip, purchased that, loved it, made about |
1:35.2 | $15,000, which back in the day seemed like a lot of money, and it probably was. And so I just went |
1:41.0 | from one flip to the next flip to the next flip. And so I've been doing that off |
1:45.0 | and on for a good part of 18 years. I also have background in commercial build, remodel work. |
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