AREI 87: Medium Term Rentals - The Path to Financial Freedom with Ingrid Duque
In this episode, Ingrid Duque tells how she built her path to financial freedom with medium-term rentals. Come join us and listen in!
Ingrid Duque was born in Cali, Colombia, and moved with her family to the United States when she was ten years old. She is a professional engineer with over 12 years of experience in leadership roles on 500 fortune companies and a real estate investor with extensive knowledge of residential and commercial real estate underwriting and investing. In 2021, Ingrid was featured as a Hispanic Leader to look out for in the book Hispanic Stars Rising: The New Face of Power, due to her contributions to the nuclear power field. Ingrid became financially independent before age 30 through real estate investing and currently focuses on helping others do the same. On the personal side, she is an avid ultra-marathon runner, hiker, and world traveler. She currently travels the world while growing her real estate portfolio, and enjoys spending time with her spouse Hector and Aussie doodle, Ahri.
[00:01 - 01:09]
• We welcome Ingrid Duque to the show
[01:17- 06:22]
• Ingrid Duque's background and how she started investing in real estate.
• How their first tenant became also their first eviction?
[06:23 - 11:11]
• What does their current portfolio look like?
• Midterm rentals and the market for traveling nurses.
[11:25 - 15:06]
• The process and the goals that she set to be able to scale and leave her W2 job.
• Getting a request from her previous employer to come back, not only one time.
[15:30 - 20:02]
• How is the current situation in the market is affecting her investing strategy?
• Creating a new kind of strategy during this economic downturn instead of just holding on to the money.
[20:03 - 27:50]
• Private lending utilizing money pulled out from your line of equity, how does it work?
• Being an ultra-marathon runner.
[27:57 - 34:49]
• Closing Segment
• Asking Ingrid Duque the Adventurous Four
Memorable Quotes:
"Do not confuse being useful for a company with being indispensable."
"Instead of thinking how many units I need, think what cash flow do I need."
- Ingrid Duque
Explore more. Adventure awaits.