37: New to Real Estate Investing? All You Need to Know to Start Your Portfolio with Erika Brown

In this episode, I sit down with someone who is an absolute powerhouse in real estate investing, Erika Brown - real estate investor mogul & coach, and host of the Wealth Within Reach podcast. With her multiple seven-figure portfolio and over 30 doors in her portfolio and counting, Erika shares her inspiring real estate journey with us and the mindset shifts and investment strategies she took to achieve her multimillion dollar real estate business.  We delve into overcoming common fears in real estate, practical tools for both seasoned investors and real estate newbies, as well as how to choose the right investment strategy that aligns with your life goals. Get ready to take notes because this episode is packed with insights and strategies to help you navigate the real estate game. KEY POINTS: - Erika’s real estate journey  - The power of equity and cash flow in real estate  - On overcoming fear in the real estate business  - How tax strategy can help business owners - The importance of cost segregation studies to optimize tax deductions - The value of having a financial team and understanding tax incentives  - On determining the right real estate strategy based on goals  - On navigating real estate investing strategies  - Terminologies: What’s DCSR? What’s a hard money lender? What’s ADU? - Erika’s advice to people starting with real estate  QUOTES:  “When we use hard money loans, our goal is to get in and get out and it is generally a short-term construction loan type of product for investors.” – Erika Brown  “As you increase your knowledge, you will be comfortable taking more risks. And then, as your seasons change, you can get into more of those active investing types of strategies.”  – Erika Brown  RESOURCES: Erika Brown IG: @erikabrowninvestor LinkedIn: @erika brown Tune in to the Wealth Within Reach Podcast on Spotify, iTunes, or YouTube!  [LIVE EVENT] Join us at Seven Figure Educator Live, our three-day event in Atlanta, Georgia, where you'll experience unparalleled content, community, and fellowship. Click HERE to grab your ticket now and let's make magic happen together in Atlanta!  [FB COMMUNITY] Don't miss out on your chance to connect with other education consultants in our free public Facebook group! Click HERE and find your 7-Figure community today. [GET LAUNCHED SCORECARD] Don't miss out on the chance to gain clarity on your stage of business with our Get Launched Consulting Scorecard! Click HERE to take the quiz and get actionable steps tailored to your business stage.  Dr. Erica Jordan-Thomas  IG | @e_jordanthomas LinkedIn | @erica-jordan-thomas-ed-l-d-86314764  Facebook | @EJTConsultingLLC  Enjoyed this episode? Like, rate, and subscribe to the 7-Figure Educator podcast!  7-Figure Educator is produced by EPYC Media Network