The Up's and Down's of Investing in Real Estate with Leslie Dawson

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She Buys It

Business


Today on the She Buys It Podcast, Leslie Dawson joins Whitney to talk about her exciting news! Leslie is an amazing woman who's been buying wholesale deals, fix and flips, and buy and hold deals in North Carolina, all with her kids in tow! Leslie first started in real estate investing as a mistake. She had always had an interest in it, but she didn't know how to go about it. She decided to start anyway. She went downtown to find a tax sell. She bid on it and she won! But after she won she found out it was land in a community that could no be developed.  Since she couldn't build on it, she needed to sell it. Thankfully, the HOA of the community had been bidding against her, so she was able to sell it to them and get her money back.  After that learning curve, Leslie started working in banking after being a stay-at-home mom and going to school. She quickly tired of going to an office every day and decided that after that mistake, she needed to go to real estate school to learn how to invest. After she got her license, she didn't use it for a while because she was still working for the bank. Life happened and she ended up getting separated, and she was left with almost nothing and had to start over.  She decided to start using her real estate license as a realtor. After a year and a half of that, she decided she needed to get back to learning how to invest in real estate. She signed up for a course and learned about wholesaling, flipping, and how to do the math.  After, she got "analysis paralysis." She had all this information but wasn't acting on it. It was about this time she met a friend who pushed her to use what she knew, as they had taken the same course. They got the tax list from the county of people who owed 2 or more years of property taxes. They put two properties under contract at the time... but both of them fell through! 7 months into her partnership, she started to work on her own. She kept working the tax list until she put her first two wholesale deals under contract.  Leslie gives us this advice: "Don't think, just do it. If you need to make a sacrifice, figure out what it is and do it." Join Whitney and Leslie as they talk about why going to real estate school doesn't teach you to invest, why partnerships fail and why that's okay, how to keep going, even when you want to give up, and dealing with wholesaling ups and downs.   Connect with Leslie on Instagram at @lesliedawsonrealestate or on Facebook.  -- Do You Want Immediate Access to the Top, Easy-to-Implement Steps to Closing Your Very First Deal?! Go to http://getyourfirstdeal.com/ and sign up!