#154 with Monick Halm: Helping People Leave Their Jobs to Achieve Financial Freedom & How to Get Your First Syndication

Millennial Millionaire Real Estate Podcast

English - January 13, 2021 18:38 - 49 minutes - 90.3 MB - ★★★★★ - 56 ratings
Investing Business Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

Previous Episode: #153 with Bronson Hill: How to Raise Capital and Scaling to $15 million Across His Syndications

Next Episode: #155 with Richard Carey: How to Pay Off 20 Properties While in the Military and Investing Completely Out of State

In this episode, Jonathan Farber interviews Monick Halm on her path from falling into a househack out of necessity in the LA market to creating a business empowering women to achieve financial freedom through real estate. Monick is a skilled investor across multifamily, industrial, commercial, and mobile homes. In this episode, we dig into topics like: syndicating or flipping first, learning about financial stability, getting to your first syndication, and more!

Top Takeaways:

Starting real estate with syndication vs. flipping - 19:45 - 21:15

Running a syndication from square one is a big ask that probably shouldn’t be attempted alone
Flipping is useful if you want to gain the experience necessary to manage deals
In hindsight, passively investing in syndications is completely accessible from the start

Understanding your financial stability to achieve financial freedom - 21:30 - 25:00

Relying on one stream of income puts you on tenuous financial ground - one crisis means disaster
The more legs you can add to your financial table, the greater your financial stability
True financial freedom means you have enough passive income to cover all your expenses

The path to your first syndication - 25:45 - 31:00

The most vital thing to understand is it’s an entirely different thing to lose someone else’s money
Your first priority is to learn the rules of what you can and can’t do - find a mentor and a lawyer
A great way to start is to work with a team that can take care of what you don’t know how to do

How to bring value to Monick Halm:

Check out her Wealth Through Real Estate event

Resources:

realestateinvestorgoddesses.com/vwtre-2021

Social Links:

biggerpockets.com/users/Monick

reigoddesses.com

vip-assets.com

Connect With Our Sponsor, MartelTurnkey:

martelturnkey.com

Schedule a Call

[email protected]