Business
I had the pleasure of speaking with the founder of Thesrilathagroup.com, Sri Latha. Sri is an investor in apartment buildings, and she helps full time working professionals like you learn how to do the same. She truly believes that finding the right strategy that fits with your risk profile, your life, and your goals is the key to getting your real estate investing off the ground. Let’s jump into Sri’s story on imagining a world where one property could replace your salary and create some real wealth for your family Things you will learn in this episode: [00:01 - 05:10] Opening Segment I welcome our guest, Sri Latha, to the show Sri Latha talks about her background and how she got into real estate investments [05:11 - 10:50] How Sri Built Her Real Estate Portfolio Sri shares an interesting story about how she learned to invest in real estate She reads books of John T. Reed When she started narrowing her niche Sri shares about how inexperienced she was before when it came to calculating new rents on the market, refinancing, and building cash flow. Sri talks about the first time she bought her first 12-unit apartment in Dallas. [10:51 - 17:08] Strategies on How To Increase Your Cash Flow and Equity Sri talks about the importance of having a good team in place to scale your real estate business Do background research first before hiring a property manager Signs of red flags that you should avoid Sri shares her strategies in expanding her real estate investments Why she bought properties in the East Bay The reason why she sells properties [17:09 - 24:12] Solidifying Your Real Estate Business Strategies Sri shares valuable insight into the key takeaway from the first property she bought in Dallas Solidifying the strategy itself Sri talks about the strategy that gives you the right combination of cash flow and equity Their plan in deploying their capital outside the estate Acquiring a hotel to convert to a multifamily Sri talks about her choice of neighborhoods in buying properties C neighborhoods Hotels that are not making enough money [24:13 - 27:07] Go One Step Deeper Sri sheds some light on her advice to her younger version of herself “Go one step deeper than what people are telling you.” Add value [27:08 - 31:52] Call To Action What is a pain-point or weakness you face right now in your business? lack of time What is your favorite book to regift? Atomic Habits by James Clear If you were to live abroad for a year, where would you live and why? Singapore. It’s very interesting and quite culturally similar to India. Visit Elite Podcast Bookings the #1 Real Estate Podcast Booking service, and get 25% off the new Economy Plan. Final words from your host Tweetable Quotes: “The reason why we sell is that we want that exponential growth at the beginning of our journey.” -Sri Latha. “Always digging a little deeper when whenever you hit a roadblock that says no, you can't do it.” -Sri Latha. Resources mentioned in the episode: Atomic Habits by James Clear Te Sri Latha Group Podcast Questionaire Visit Elite Podcast Bookings, the #1 Real Estate Podcast Booking service, and get 25% off with our new Economy Plan. You can connect with Sri on Instagram, Facebook, LinkedInhttps://www.linkedin.com/in/srilatharealtor/, email her at sri@thesrilathagroup.com. or visit her website https://www.thesrilathagroup.com/ LEAVE A REVIEW + help someone who wants to explode their business growth by sharing this episode or click here to listen to our previous episodes. To know more about me and all the real estate opportunities you can find, check out my website at MatthewBaltzell.com. Book a free 15-minute call with me. Click here!