WS1603: Make Your Side Hustle a Steady Income | #Highlights

In this #Highlights episode, we look back at our conversations with Pam Sacramando, Founder of The C.R.E.A.T.E Wealth Network and Dusten Hendrickson, Founder of Mailbox Money. They share the keys they discovered to make their side hustle in real estate investment a steady income stream. 

Pam recounts her early days in real estate, which she believes was the most difficult stage in her investing journey. Yet, it set the tone for the success she enjoys today. Dusten shares eye-opening principles for investing in different markets and the strategies he used to scale his portfolio even during the pandemic. Enjoy the show!

Key Points From This Episode: 

• The transition process from being an aerospace engineer to a real estate investor.
• Support from family and friends will keep you going along your chosen path.
• Finding a mentor is instrumental in keeping your focus and mindset straight.
• The hardest part of syndication.
• The biggest misconception in multifamily investing.
• How to pick the right market to invest in.
• Some rules of thumb for investing in different markets.
• Tip-offs to look for for a good operator.
• What is Dusten’s wellness design for apartment investors?
• How Dusten refinanced his entire portfolio in 2020 during the Covid-19 pandemic.
• What was his debt strategy?

Tweetables:

“Once you find a way that works for you and you set it up properly, then things will start to flow in.” –Pam Scamardo

“If something becomes very important, we can just focus just on that ’cause almost everything we do now is proactive, it’s not reactive.” –Dusten Hendrickson

“Your biggest enemy is not the scam artist, but it’s the guy who’s just operating in a mediocre fashion.” –Sam Rust

Links Mentioned in Today’s Episode:

Pam Scamardo on LinkedIn

After interviewing thousands of entrepreneurs, one truth is clear: business success means little if it costs your marriage, family, or faith.
I'm now hosting the Courageous Men podcast for men who want to lead well at home and at work. 

I'm looking for five men to walk closely with who want to lead well at home and work.  
Email me at [email protected] and tell me why you should be one of the five. 

whitneysewell.com  

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