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Real Estate Biz Q&A – Part 1: How We Got Started in Investing, Buying in a Seller’s Market, Working with Your Spouse, Picking the “Right” Property, and AirBnbs vs Long Term Rentals

Getting started with real estate investment properties with Adam and Elizabeth McCravy!

My husband, Adam, and I have a real estate business side hustle. And… we LOVE it. If a real estate business is in your #goals list, then this series will help! We are pulling back the curtain on our business!

published on: September 7, 2021 

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Reading Time: 3 minutes

This starts our 3 week series on real estate investing – get excited because within the next 3 episodes on the Breakthrough Brand Podcast, there is over 2 hours worth of really tactical advice for you on the topic of real estate. WOOHOO. I’ve been anticipating these episodes since the end of 2020 when we first got started with all of this and when I first started asking you guys what questions you had. Now here we are! 

LISTEN TO THIS EPISODE NOW:

Subscribe & download the episode to your device:  Apple Podcasts  |  Spotify  |   YouTube  |  iHeartRadio

Search for episode 134!

For this episode, you’ll hear myself and my husband Adam answering questions you sent in on Instagram about real estate investing! If you haven’t met Adam on the podcast previously, he’s the best. He’s been a guest on my podcast a few times over the years — some to talk about personal finance in an early episode and to talk about our “we’re pregnant” announcement as well! 

You’ll hear me say this on the episode, but we aren’t “real estate experts” and certainly don’t pretend to be! We are regular people like you who decided to invest in real estate. I am all about more people who aren’t “experts” teaching what they’ve found works for them. (Often we feel unqualified to do that, and I don’t think we should!) So, know that is where we are coming from. For context, we live in Nashville, we own 3 rental properties all in different parts of Middle Tennessee. 

Take a look inside!

Take a look inside one of the McCravy's long term rentals.
A look inside a long term rental investment property.

In each of these 3 episodes, we’re tackling completely different types of questions. So, be sure to listen to all 3 episodes for the “full scoop”.

Here’s some of what we’re answering in part 1 of this series: 

- I’d love to just know more about what got y’all interested and whether you were nervous buying during a seller's market? 

- Tips for going into business with your spouse? 

- I’m curious if you have already purchased a house for yourself to live in? I’m currently renting a house but I want to buy a rental property this year! It feels weird to buy my first house that I wouldn’t live in, does that sound silly? 

- I would love to know if you bought these properties while having a mortgage on your current home and if so did you find that that was a complication! I’m also super curious if you saved to be able to buy these outright or if you chose to take mortgages on these two properties! Basically, I want all the money details  

- Are you buying them ready to go or doing work to them?

- The biggest question I’m dying to know is whether you actually purchased these properties. I’ve heard about people getting into Airbnb etc by leasing places! I think it’s so fascinating!! 

- I’d love to know how you decided between Airbnb/long term rentals, and how you (or Adam) knew it was the one to offer one? 

… and some other stuff as well! 

There’s a lot about personal finance in general throughout these 3 episodes, so even if real estate doesn’t sound like a way you’d like to invest, I still think you’ll learn sooo much from this series! And, if you’re seeing this title thinking “I don’t have money to do that, I’ll pass.”... seriously tune in because there is so much for you here even if you’re in that boat! Whether you’re doing real estate now or wondering how you can grow your wealth in the future, you’ll take away a lot. 

Real estate q&a with Elizabeth and Adam McCravy on the Breakthorugh Brand Podcast.

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