40. From Module to Mortgage: One Year in the Real Estate Game with Kimberlee

Artwork for podcast The Wealth Blueprint: Financial Freedom Through Real Estate

Episode 40 • 9th February 2024 • The Wealth Blueprint: Financial Freedom Through Real Estate • Palak Shah and Niti Jamdar

How do you succeed as a real estate investor while balancing work, family, and overcoming life challenges? This is the inspiring story of Kimberlee, who is here to share her real estate investment tips as a graduate of the Open Spaces program.

From figuring out accurate property values to using a lender to stay within budget, Kimberlee's hard-earned advice is gold for any new investors out there.

Forming an accountability group as you connect with others and grow your community so that you create your 'deal pipeline' in anticipation of when you're ready for your next door are all expertly addressed by Palak and Kimberlee in an episode of The Wealth Blueprint that leaves no stone unturned when it comes to making the right deal work for you!

And, as Kimberlee reflects on something Niti said to her, "Sometimes the best deal is not getting into a bad deal." So make the smart choice by sharpening your pencil and sharpening your ears as you tune into a conversation that will blow you away with its practical property purchasing panache! Please join us.

"You can't give a W2 job to your children, but I can give real estate to my kids." ~ Kimberlee

In This Episode:

- 01:50 Kimberlee's life and background

- 04:52 Flipping the script on the 'Gold Watch at Retirement' mindset

- 06:35 When was Kimberlee ready to put in her first offer?

- 09:50 Sometimes The Best Deal (is not getting into a bad deal)

- 11:15 What made Kimberlee choose Dallas?

- 14:04 How to get a realistic ARV (After Repair Value)

- 16:24 Living by the spreadsheet

- 19:44 How did Kimberlee build her team?

- 21:11 Did Kimberlee have any fears about her neighborhood?

- 24:48 Finding time to dedicate to your real estate dreams