Business
When you’re drowning in debt, it feels like you’re a slave to lenders, banks and credit card companies. Digging yourself out of the hole is the first step to financial freedom, but how do you do it when you have limited cash and opportunities? Because of this lack of money, contacts or credentials, many wealth building models seem out of reach for rookie investors. How did our guest use real estate syndication to get out of debt, build a profitable business, and completely change her life in 5 years? In this episode, entrepreneur, investor and syndication expert, Megan Lamke shares the roadmap she used to build her own investing operation, and why her business is built on impact investing. Three Things You’ll Learn In This Episode Why house hacking is such an amazing model for rookie investors What smart moves did Megan Lamke make early on to dig herself out of debt, get the first few deals under her belt and connect with seasoned investors? How beginners can get into syndication Most people don’t explore the syndication model because they think it’s only for accredited investors. How can we start building wealth through syndication with as little as $1000? The power of putting giving at the center of your business As a landlord, you have a unique opportunity to improve your tenants’ quality of life, if you prioritize people over profits. How did Megan Lamke put her impact investing mission into action? Guest Bio- Megan is the CEO and managing partner of Megan Lamke Real Estate. She started in the real estate industry working for Wells Fargo Home Mortgage in 2008. While at Wells Fargo, Megan built a network of real estate investors and learned some best practices for real estate investing during a recession. While working full-time, Megan began house hacking her primary residence while also convincing her tenants to help her implement the Buy, Renovate, Rent, Refinance, and Repeat (BRRRR) strategy. Megan was able to resign from all of her side hustles and corporate job to pursue real estate investing full time. Shortly after becoming a passive investor, Megan became a General Partner in her first real estate syndication. Today, Megan and her husband Darik have a rapidly growing portfolio of over 2,225 units valued at over $531 million dollars. They both work from home and have the time freedom and financial freedom to spend quality time with their 3 year old daughter. Megan helps DIY landlords sell their real estate portfolios and scale up into multifamily syndication, just like she did. Megan loves helping the accredited and sophisticated investors transform their checkbooks into true wealth and financial freedom. To learn more about Megan and what she does, visit https://meganlamke.com. Get Megan’s free investing guide over at https://meganlamke.com/grit.