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Create the Inventory: Flipping to Fund Rental Portfolio and Build Generational Wealth with Chandra Lacy
Manage episode 329927902 series 2833722
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You go into business to fulfill a demand in order to satisfy your own – Quid Pro Quo!
But what do you do when you run out of “Quids” to the market’s “Quos”?
You have to remember…
There’s always more than one way to PROVIDE a SOLUTION.
If the solution isn’t readily available…
It’s up to you to get CREATIVE and come up with a NEW SOLUTION!
Chandra Lacy wasn’t one to just up and quit being a real estate agent simply because of a decrease in inventory.
Chandra’s clients needed homes, and she knew they’d sooner reach out to a different agent if she couldn’t deliver.
And so, Chandra decided to take things into her own hands and create more inventory! She immediately began to work with investors to assist in renovating properties to create beautiful "like-new" homes.
There began her flipping business, in which she has successfully flipped 30 homes in two years, using only investor money and NONE of her OWN CASH!
What’s truly amazing is what Chandra does with the profits she makes from flipping homes; she purchases rentals to expand her portfolio in order to achieve the financial freedom she desires for her family.
Chandra has grown her portfolio to 90 doors in just 9 months, getting into RV Parks, Mobile Homes, and Storage Units.
As a single mom and survivor of domestic violence, she knows what it’s like to for women to struggle – and that doesn’t sit well with her, now that she knows the secrets to creating a better life for herself and her child.
Chandra leverages her skills and industry knowledge to pursue her passion for teaching other women how to reach financial freedom.
How did she scale her portfolio to 90 units in 9 months WITHOUT using her own money? How do you transition from real estate agent to investing and managing sales clients, flipping, and landlording all at once?
Check these out to learn more about Chandra Lacy and her REI empire:
Instagram: @chandralacyrealestate_
Facebook: Chandra Lacy
Tune in to learn more about the hottest and most relevant information on real estate investing!
Thank you all for listening and I will see you on the next episode.
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