AREI 64:Creating Goals That Actually Scale with Chandra Lacy
In numerous ways, strategical steps to achieve your investment goals is a higher priority than cashing in your profit. In light of the fact that an accomplished real estate investor knows how to work even with funding limits. While an inexperienced investor dangers wasting any benefits they have.
Hence, every progression along the way of scaling your portfolio is likewise an amazing chance to turn into a better investor, which will help you ultimately.
In this episode Chandra Lacy shares how she was able to create goals that actually scales. Come join us and listen in!
Starting her career as a real estate agent, Chandra started to notice a dramatic decrease in inventory in 2018. This meant it was harder to find homes for her clients. She decided to take things into her own hands and create more inventory. Chandra immediately began to work with investors to assist in renovating properties to create beautiful "like-new" homes. This was the start to her flipping business, in which she has successfully flipped 30 homes in two years, using only investor money, none of her own cash. With the profits she makes from flipping, she buys rentals.
Through this system Chandra has been able to grow her portfolio to 90 rental doors in 9 months and is continuing to add more monthly. Chandra’s portfolio is a mixture of mobile home parks, short term rentals and AirBnbs, SFR and multifamily rentals, 60 storage units and one warehouse with 63 RV parking rentals.
She has consistently been able to help teachers, EMTs, and people in the tech and medical field significantly outperform parking capital in their IRS and 401ks while learning about real estate investing.
[00:01 - 01:40]
• We welcome Chandra Lacy to the show
[01:48 - 08:00]
• Chandra Lacy's background on how he started investing in real estate.
[09:22 - 11:27]
• Being in the active side can build you that capital that will transition you to building wealth.
[12:17 - 15:29]
• By being a visionary it made her unstoppable.
[15:39 - 21:23]
• How she and her partner were able to own all their buildings? And there long term goal for all of it.
[21:27 - 29:20] Closing Segment
• Asking Chandra Lacy the Adventurous Four
Memorable Quotes:
"Whoever controls product is controls income. And I knew that step was act absolutely the most important step. So if I can control that product, I can control my income."
- Chandra Lacy
Connect with Chandra Lacy
Until next time…
Explore more. Adventure awaits.
