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The Intrinsic Value Podcast - The Investor’s Podcast Network

REI183: Underpromise and Overdeliver w/ Marissa Solis

The Intrinsic Value Podcast - The Investor’s Podcast Network

The Investor's Podcast Network

Investing, Education, Business

4.6592 Ratings

🗓️ 15 May 2023

⏱️ 67 minutes

🧾️ Download transcript

Summary

Patrick Donley sits down with Marissa Solis to talk about her incredible real estate career. They discuss what it was like growing up in a family of successful entrepreneurs in Mexico, what it was like moving to the U.S. at 19, how she got started in real estate and moved on to building a thriving flipping business, how she handled the 2008 Great Financial Crisis, and what her plans are for her company in the next decade. IN THIS EPISODE, YOU’LL LEARN: 00:00 - Intro 05:32 - How she learned the flipping business by growing up in the cattle business. 09:00 - What it was like moving to the U.S. at 19 years old. 09:59 - How she got her start as a real estate agent by selling her own condo. 19:57 - What the lessons Marissa learned coming from a family of successful entrepreneurs. 26:11 - How her company has become a leader in Northeast Los Angeles. 27:57 - How she came back after losing everything in the 2008 Great Financial Crisis. 40:20 - Why building relationships is the key to any venture. 41:55 - What advice she would give to other women in the real estate industry. 49:02 - Why she got into the flipping business. 50:36 - Why she chooses to underpromise and overdeliver. 52:58 - How she plans to grow the company over the next decade. 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. Re-convene. Marissa’s Interview at Re-convene. Rich Dad Poor Dad by Robert Kiyosaki. NEW TO THE SHOW? Check out our Millennial Investing Starter Packs. Browse through all our episodes (complete with transcripts) here. Try Kyle’s favorite tool for picking stock winners and managing our portfolios: TIP Finance. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts. SPONSORS Support our free podcast by supporting our sponsors: Fiscal.AI Connect with Patrick (@jpatrickdonley): Twitter Connect with Marissa Solis: Website | Twitter | LinkedIn 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. I was living in the West Side, and I noticed many people were doing a two-bedroom, one bath, and then converting it to three bedrooms to bath, and all of the sudden, they can get a hundred thousand more. And I like, I want to do that. And that's how I got the confidence, because I'm like, if they are doing it, I can do it. And I knew values, and I knew sales. And I just, I said, I can do it. And I knew values and I knew sales. And I just,

0:23.4

I said, I can do it. And I did one and it went perfect. I did two and so on. So every year,

0:29.6

I kept consistent.

0:34.6

Hey, everybody. In this week's episode, I got to sit down with Marissa Salis to talk about her incredible real estate career. We discussed what it was like growing up in a family of successful entrepreneurs in Mexico, what it was like moving to the U.S. at 19, how she got started in real estate and moved on to build a thriving flipping business, how she handled the 2008 great

0:54.7

financial crisis, and what her plans are for her company, NILA, in the next decade.

0:59.5

Marissa is the CEO and managing partner at NILA Group and has more than 35 years of experience

1:04.2

as a real estate investor in Southern California. With her leadership and expertise, she has

1:09.2

successfully closed over 300 profitable property acquisition transactions.

1:13.9

She's dedicated to her career to providing a better quality of life through housing and developing

1:18.2

beautiful and enjoyable homes. She holds a bachelor's degree in business administration and a small

1:23.3

business certificate from USC. Marissa is also a mother to five successful men, including Jonathan Barr,

1:29.3

who I recently interviewed. If you've not seen any of the videos from the 2022 reconvene event,

1:35.4

Marissa was one of the crowd favorites who spoke at the conference. She's got an incredible story,

1:40.0

and as they say, success leaves clues, and there are a lot of clues for what it takes to be

1:44.2

successful in real estate in this episode. And so, without further delay, let's jump into

1:49.7

this week's episode with Marissa Solis.

1:55.9

You are listening to Real Estate 101 by the Investors Podcast Network, where your hosts, Robert Leonard

2:02.4

and Patrick Donnelly interview successful investors from various real estate investing niches

2:07.4

to help educate you on your real estate investing journey.

2:23.4

Hey everybody, welcome to the Real Estate 101 show. I'm your host today, Patrick Donnelly,

2:28.6

and I am very excited and honored to welcome to the show, Marissa Salis. Marissa, welcome to the show.

2:32.2

Thank you. It's good to be in this podcast, Patrick.

...

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