14. From model to the queen of leverage, long distance self-managing 30 units, and killing the cashflow game | Kata Walters, The Model Investor
HAPPY 2021! I would say this is the year we all have been waiting for..... but I think it is too soon to tell. I LOVE this episode with Kata. She has the BEST accent, and I am so inspired by her mindset and work ethic. I first became familiar with Kata on Instagram -- where you should totally follow her @themodelinvestor. Then, I fell in love with her story listening to Josiah's podcast, The Daily Real Estate Investor, in her May 2020 episode entitled "Build a Six-Figure Passive Income Stream With Real Estate Investing." We talk in detail about Kata's childhood with debt-adverse parents -- and how she always dreamed of real estate. She shares her biggest horror story on day one of self-managing her 30 unit rental property portfolio. She learned firsthand that cash flow trumps appreciation..... and legit has some of the best cash flow numbers I have ever seen. ($400 per SFH!) Much to the dismay of all of my Dave Ramsey fan followers, Kata absolutely loves mortgage debt. As the self-proclaimed queen of leverage, Kata plans to take on as much as she can -- making use of conventional loans, portfolio loans (one of my favorite things), AND seller financing along the way. If her mindset doesn't get you excited to go crush your own dreams and makes you feel like anything real estate is possible and obtainable, I have nothing left for you (kidding.... maybe). We talk about section 8, being a landlord for the people, and how you can invest while also making an impact in the communities you serve. Kata is a buy and hold investor-- but has flipped a few homes along her journey as well. You know you are a true real estate investor when "appliances are the new purses" -- and I just could not agree with Kata more. Kata (and my) favorite resources: Stessa.com Venmo --- Support this podcast: https://podcasters.spotify.com/pod/show/nerdsguidetofi/support