AREI 23: Achieving More Together by Building Trust with Dr. Sophie Lorn-Clifford and Derek Clifford
Investing in real estate is one thing, investing in real estate as a couple is another. This is what Derek and Sophie Clifford will talk about in this episode. Derek & Sophie are successful single and multifamily real estate investors, adding 13 out-of-state units to their portfolio in the first year of acquisitions while working full-time jobs. Today, they are primarily multifamily investors, authors, and podcast hosts of the "Elevate Your Equity" show.
In this episode, Derek and Sophie talk about investing in real estate as a couple. They will talk about why building trust and improving communication in a relationship will help couples reach their goals more efficiently. They also share their thoughts on making an impact and women's empowerment. Listen in!
[00:01 - 12:05] Opening Segment
Welcoming Derek and Sophie to the show
Derek and Sophie share their backgrounds
How they got into real estate investing
Starting with a single-family portfolio
Doubling down on multifamily
Sophie talks about growing up in a real-estate-investing family
Reading ‘Rich Dad Poor Dad’
Renting their first property to students
[12:06 - 21:57] Real Estate Investing as a Couple
Derek and Sophie on investing in real estate as a couple
The advantage of having different personalities
How their personal strengths complement each other
Being partners in mindset
Starting with a common vision
Managing their time on real estate and with each other
The importance of having conversations
Why traveling helps
[21:58 - 30:11] Making an Impact on Real-Estate-Investing Couples
Derek and Sophie talk about their podcast
There’s always someone behind the scenes
Sophie on women empowerment
Creating an impact on other couples
[30:12 - 42:37] Closing Segment
Asking Derek and Sophie the Adventurous Four
How you can connect with them
Closing words
Memorable Quotes:
“People have lives. You still have to eat, you still have to go travel, you have family, there's all the stuff that happens behind the scenes. How you balance all that is the real, practical, truly sustainable way to find success in any entrepreneurial endeavor, including real estate investing.” - Derek Clifford
“You fall flat on your face, try, and then you get up, and then you're better the next time.” - Sophia Lorn-Clifford
Check out their podcast, YouTube Channel, and Derek’s book on their website: Elevate Equity
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Until next time...
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