Investing Part 3: Real Estate Investing, with Lauryn Williams and Chloé Moore
Wednesday, June 23, 2021
Investing Part 3: Real Estate Investing, with Lauryn Williams and Chloé Moore
This is the “Know Better, Do Better” series born from the countless conversations two CERTIFIED FINANCIAL PLANNER™ professionals, Lauryn Williams and Chloé Moore, have about the trendy narratives and clickbaity articles that make it hard for them to help their clients. They want to help you gain financial confidence and clarity to control your destiny.
This week Lauryn and Chloé are wrapping up the Investments for Beginners series by talking about the super trendy topic of real estate investing. HGTV shows make it look really easy to make quick money by investing in real estate, but things aren’t always as they seem.
Lauryn and Chloé are going to cover some of the things that don’t get mentioned on these types of shows. While they’re not against investing in real estate, they share several important considerations that need to be made if you’re thinking about purchasing an investment property.
In this episode, we discuss:
- How owning real estate is just like running a business
- The importance of understanding your “why” before you invest in real estate (spoiler alert: “because it sounds like an easy way to make money” isn’t a good reason)
- The importance of understanding the ongoing costs of owning an investment property
- The potential issues that tenants can cause
- All the different hats you have to wear as a real estate investor (property manager, bookkeeping, etc)
- Why you need to run the numbers to see if the numbers actually work
- Deciding what type of real estate investment property you want to own
- House hacking
- Why you need to look at the Return on Investment (ROI)
- How it can help to talk to other investors first and ask questions about the financial side
- The liabilities involved in owning investment property and the insurance that you need to have (and the insurance your renter needs to have)
- Why you should talk to an attorney about the right legal structure for you
- The importance of estate planning if you own investment property
If you want to further connect with Lauryn Williams at Worth Winning, follow us on social media:
Instagram: @worthwinning
Facebook: @worthwinningfp
LinkedIn: @lauryn-williams
Hi, I'm Lauryn
Certified Financial Planner
Welcome to the Worth Listening podcast and blog where we focus on having positive and productive conversations about money.
Interested in being a guest on our show? Email us today at podcast@worth-listening.com. We'd love to hear from you!
Join an Upcoming
Welcome to Wealth Retreat!
One-of-a-kind retreats where finances and adventure stop conflicting and start connecting. Join us in Medellin, Colombia, to experience financial planning recreated!
How are you feeling financially?
Get a FREE financial checkup!
Lets asses your symptoms to see if you need a "Wellness Exam", a "Sick Visit", or if you should head to the "Emergency Room". Have fun, but the more honest your answers are the more accurate your diagnosis will be.
Copyright © 2024 Worth Winning