REI112: Real Estate Investing in an Expensive Market w/ Karina Mejia

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Business, Education, Investing

4.6 • 592 Ratings

🗓️ 7 March 2022

⏱️ 39 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this week’s episode, Robert Leonard talks with Karina Mejia about how to buy real estate in an expensive market, what house hacking is and how to get started with it, and how to transition from a corporate career into a full-time real estate career. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 03:20 - How to become a full-time real estate professional. 07:28 - What the day-to-day looks like for a real estate agent. 16:43 - How to determine which brokerage to work with as an agent. 19:31 - What house hacking is and how to do it, even in an expensive market. 23:56 - Why long-distance investing makes sense. 29:03 - How to invest long-distance and out-of-state. And much, much more! *Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Kyle and the other community members. House hacking education. Robert Leonard’s book The Everything Guide to House Hacking. Related Episode: LIsten to $100K+ in Debt to Financial Freedom Journey w/ The FI Couple, or watch the video. Gary Keller’s book The Millionaire Real Estate Investor. Related Episode: LIsten to Still House Hacking with $2.5M Portfolio w/ Jonathan Hayek, or watch the video. All of Robert’s favorite books. Are you a looking to start investing? Check out our article on How to Invest in Stocks: The Ultimate Guide for Beginners. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Robert (@therobertleonard): Website | Instagram | Twitter Connect with Karina: Instagram Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm Learn more about your ad choices. Visit megaphone.fm/adchoices Support our show by becoming a premium member! https://theinvestorspodcastnetwork.supportingcast.fm

Transcript

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0:00.0	You're listening to TIP.
0:02.2	I think I'd let the location drive it.
0:03.7	I think I've always wanted multifamilies just to begin with.
0:06.1	That was my first house hack.
0:07.2	And in general, that's what I've always wanted.
0:09.5	Right?
0:09.7	If I can have more tenants under the same roof, I would much rather that than have them all over the place.
0:14.8	But then I directly contradicted that when I bought my first property in Augusta, Georgia.
0:22.4	In this week's episode, I talk with Karina Mejia about how to buy real estate in an
0:27.3	expensive market, what house hacking is and how to get started with it, and how to transition
0:31.9	from a corporate career into a full-time real estate career. Born and raised in Boston,
0:37.6	Karina has witnessed the tremendous change in growth
0:40.0	that has transformed Boston's real estate market.
0:42.7	She earned her bachelor's in economics
0:44.4	and international studies at Boston College.
0:47.3	After graduating, she joined a real estate consulting firm
0:49.8	where she provided comprehensive support
0:51.6	with commercial real estate investments
0:53.4	and transactions
0:54.3	in connection with acquisitions, dispositions, and financing. She bought her first triplex
0:59.9	at 22 years old using an FHA loan and quickly realized climbing the corporate ladder wasn't
1:05.1	for her. She found success as a real estate agent helping both first-time homebuyers and investors
	...

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