Replacing Corporate & Business Income through Real Estate Syndications with Stephanie Walter Episode #173

GUEST SUMMARY In the lab we have Stephanie Walter, CEO of Erbe Wealth. She’s a capital raiser, syndicator, real estate investor, business owner, and financial educator who recently retired and sold her insurance agency of 16 years. Stephanie is able to share with Experiment Nation a unique perspective having worked in the corporate world, been a business owner and having real estate syndication replace her business and corporate income by achieving better cash flow through real estate syndication. Stephanie shares key principles that she teaches other professionals to use, how she pushed back against frustration from her early career by starting her own agency, and the path that led her from owning single family properties to real estate syndication. Stephanie worked as an insurance claims adjuster straight out of college and was frustrated after a two percent raise for eight years' work. Shortly after a conversation with her Father about it, She gave her two weeks notice and then started her own insurance agency. Sixteen years later, she sold her agency and got into real estate as part of her retirement plan. She learned about syndication after attending a boot camp and since then never looked back. Since retiring and selling her agency in 2021, Stephanie and her partners have closed their 11th syndication and have committed to educating other professionals on how to protect, grow, and preserve their wealth. If you’re looking to scale from single family homes to syndication as a business owner and/or while still being an employee then this episode is definitely for you. HIGHLIGHTS OF THE EPISODE: 01:22 - Guest introduction 04:03 - Stephanie’s background 08:47 - Why Stephanie started a business in the same industry she worked in 10:33 - How Stephanie went about her mentorship in real estate and the insurance industry KEEPING IT REAL: 13:51 - Stephanie talks about bootcamp and learning about syndication 16:05 - Why real estate syndication is more dominant 19:55 - Stephanie’s first deal and how she started her mentorship in real estate syndication 21:42 - Stephanie talks about partnerships in syndication: general partners (GP) and limited partners (LP) 23:19 - Being a GP and LP at the same time on a deal and why it can be beneficial for both dealmaker and investors 24:06 - Using the 1031 exchange on a syndication deal. 27:21 - Unlearning the way we do things and making the 401k work to your advantage 31:53 - What Stephanie would say to someone who’s looking to invest 35:20 - Getting into a syndication: take part as an LP or try to be GP as fast as you can? 41:49 - Structure of being a general partner and its benefits 43:58 - Would you rather buy another insurance agency or would you rather buy a building? 47:28 - Why Stephanie would rather start investing in syndication earlier 49:55 - The biggest misconception about viewing money that we need to unlearn 51:31 - The most effective tool that Stephanie uses on her day to day 53:03 - Stephanie’s favorite book 54:27 - Four different properties of 100 units or One property of 400 hundred unit NOTABLE QUOTES (KEY LESSONS): 07:31 “It doesn’t take a long time once you’ve switched your mindset to what you can achieve” - Stephanie Walter 13:01 “ You only can invest in what you understand.”  - Stephanie Walter CONNECTING WITH THE GUEST Website: https://www.erbewealth.com/ LinkedIn: https://www.linkedin.com/in/stephanie-walter-057594196 Facebook: https://www.facebook.com/pg/erbewealth/posts/