SA122 | Establishing Financial Independence Through Multifamily Apartments with Derek & Sophie Clifford

Learning the principles from single-family is a good way to start a multifamily. Multifamily has a lot of obligations at first that requires your time and effort. Always remember that real estate is a long-term game. The more you learn about its process, you'll end up being successful. In this episode,  one of the best examples of a couple which life has completely changed by real estate investing. Today's guest Sophie and Derek Clifford share their journey as multifamily investors, and how they solved the challenges of investing together as a couple.What You'll Learn From This Episode:Derek and Sophie's Background and Their Real Estate Investing CareerHow Sophie and Her Family Overcame Challenges of Being Refugees in the USStarting Real Estate by Accident and Investing While Working Full-timeExpanding Real Estate Portfolio by Time Blocking, Automating Your Education, Taped RemindersImportance of Having a Big Network and knowing the Process when Doing 1031 Exchange Out-of-StateChallenges and Perks of a Married Couple Investing Together in Real EstateSignificance of Shared Vision and Setting Boundaries for a Married Couple Investing in Real EstateSelecting a Market and Scaling Properties Out-of-StateRefinancing and Growing Single-family Properties and Shifting Focus to Multifamily SpaceChallenges and Benefits of Rehabbing a Multifamily Property for a Cash Flowing InvestmentSolving Difficult Situations in Real Estate Investing by Having the Right MindsetConsistency and Taking Action to Invest SuccessfullyGuest Bio:Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. In addition to being a W-2 worker, he is also the founder and CEO of Elevate Equity, a firm that partners with individuals and companies to purchase, improve, and operate cash flowing multifamily apartment real estate. Derek published his first book "Part-Time Real Estate Investing for Full-Time Professionals," in 2019, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job. Sophie Clifford is a licensed and practicing integrative medicine doctor with a global wellness, epigenetics, and performance coaching practice based out of the West Coast. With her brain rooted in science and her heart and spirit and nature, she loves to help people figure out what obstacles prevent them from achieving their greatest health. Together, Sophie and Derek host a podcast entitled "Elevate Your Equity" that is focused on helping married W-2 and 1099 professionals get on the same page with their spouses in real estate investing. Derek and Sophie invest in real estate together and believe that a strong shared vision is the path to true and sustainable investing success. Sophie is concentrated on marketing strategy and investor networking, while Derek is focused on acquisitions and asset management. Together, they have closed on over 70 units out-of-state and have migrated completely from single family rentals to mid-sized multifamily in their target markets.Website: https://elevateequity.org/Book "Part-Time Real Estate Investing for Full-Time Professionals: https://www.amazon.com/dp/B08FGM5BKYPodcast: https://www.listennotes.com/podcasts/elevate-your-equity-derek-clifford-c5pWL83JvUh/Email: [email protected] Connect With Us:Please visit our website: www.bonavestcapital.com and please click