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Real Estate Investment 101: Building Wealth Through Property feat. Liz Faircloth
Your practice may be your main source of income, but is it your most powerful tool for building wealth? For most, the answer is probably no. That’s why we came up with the term chiropreneur after all - because if you’re serious about growing your wealth, it’s time to explore some new avenues. And when it comes to side hustles and wealth building, real estate often tops the list.
Sure, it’s one of the most popular wealth-building strategies, but for many, it can feel overwhelming or even intimidating, especially if you’ve never dipped your toes in the real estate waters. That’s why this week, Dr. Lauryn sits down with Liz Faircloth, co-founder of the Real Estate InvestHER community, to break it all down. Together, they cover why it’s crucial to start with a clear end goal in mind, different ways to get started, how to manage risk, what real returns on investment (ROI) look like, and if it’s too late to dive in, and much more.
Liz Faircloth is the co-founder of The Real Estate InvestHER community, a platform to empower women to cultivate deeper connections, create generational wealth, and live a financially free and balanced life on their own terms. She is the co-host of the InvestHER podcast and co-author of the bestseller The Only Woman in the Room: Knowledge and Inspiration from 20 Women Real Estate Investors. Liz believes she has a social responsibility to break the cycle and elevate women’s financial literacy for generations to come.
Learn more about Real Estate InvestHER and their community: https://www.therealestateinvesther.com/
Join the InvestHER Free Facebook Group: https://www.therealestateinvesther.com/facebook-community-group
Follow Liz on LinkedIn: https://www.linkedin.com/in/liz-faircloth-36783/
Chapters:
00:00 Introduction
04:40 Guest Bio
06:15 Opening Prayer
07:11 Liz’s Journey Into Real Estate
10:48 Liz’s First Property
14:02 Define Your End Goal
22:31 Real Estate Investing Growing In Popularity
26:46 Understanding Your Personal Finances and Interest
31:02 Expectations of Returns
33:06 Optimizing & Stabilizing
39:16 Mitigating Risk in First Time Investments
42:38 Good Signs to Invest in an Area
45:24 Can You Be Too Late to the Game
50:06 Commercial and Knowing Your Area’s Future
54:01 When Fear Goes Up So Does Opportunity
58:56 Where to Learn More
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