Creative and Approachable Financing Strategies for Real Estate with Laura Navaquin
Jun 19, 2024In a recent episode of the "Keep What You Earn" podcast, Shannon and Laura Navaquin delved into the world of real estate investing, focusing on creative financing strategies and overcoming the fear and intimidation that can often come with venturing into this lucrative field.
Laura Navaquin, a seasoned real estate investor, shared her journey from leaving her corporate job to diving into the world of real estate investing. She highlighted the importance of exploring alternative financing sources, such as private money lenders and hard money lenders, to kickstart your real estate portfolio without relying solely on personal savings.
The discussion between Shannon and Laura shed light on the misconception that real estate investing is reserved for those with significant capital at their disposal. Laura emphasized the power of leveraging other people's money (OPM) and forming partnerships to fund real estate ventures. By building a network of private money lenders and exploring joint ventures, aspiring investors can gain access to the capital needed to start building their real estate portfolio.
The conversation also touched upon the significance of mindset and confidence in overcoming the fear of diving into real estate investing. Laura emphasized the importance of pushing past imposter syndrome and building a supportive community of like-minded individuals. By surrounding yourself with a network of experienced investors and seeking guidance when needed, aspiring investors can gain the confidence to take the first steps towards building their real estate empire.
One of the key takeaways from the episode was the emphasis on consistency and perseverance in the face of challenges. Both Shannon and Laura highlighted the value of learning from mistakes and viewing setbacks as valuable lessons in the journey towards success. Laura's advice to her past self resonated with many listeners, as she encouraged taking action, building a portfolio sooner, and embracing the learning curve that comes with real estate investing.
To help aspiring investors navigate the myriad of real estate investment strategies, Laura offered a free guide outlining various approaches, their pros and cons, and tips for determining the best strategy to kickstart their real estate journey. This resource serves as a valuable tool for individuals looking to enter the real estate market but feeling overwhelmed by the abundance of options available to them.
In conclusion, the episode highlighted the accessibility and potential for success in real estate investing, dispelling the myth that it is a realm reserved for the wealthy. By leveraging creative financing strategies, building a supportive network, and fostering a mindset of perseverance, individuals can overcome the fear and intimidation often associated with real estate investing. With the right guidance and a willingness to take action, anyone can unlock the doors to success in the dynamic world of real estate.
Whether you are a seasoned investor looking to expand your portfolio or a beginner eager to dip your toes into real estate, the insights shared by Laura Navaquin and Shannon on the podcast offer a roadmap towards achieving your real estate investment goals. Embrace the journey, learn from mistakes, and remember that consistency and perseverance are key to unlocking success in real estate investing.
Laura Navaquin transitioned from corporate America to focus on personal business endeavors in 2023 notably expanding the Inspire Her foundation and mentoring aspiring real estate investors. Through speaking engagements, Laura inspires others to pursue their dreams, emphasizing the importance of mindset in achieving success.
Website: www.lauranavaquin.com
LinkedIn: https://www.linkedin.com/in/lauranavaquin/
Instagram: https://www.instagram.com/lauranavaquin
What you'll hear in this episode:
04:13 Leverage property, private and hard money lenders.
07:42 Leveraging partnerships for growing real estate portfolio.
12:38 Busy with children, get back to you.
15:11 Encourage building a real estate portfolio sooner.
If you like this episode, check out:
Takeaways from Steps for Success with Junior Achievement
What's the Best Way to Pour Money Into Your Business?
Introducing Money to Kids: Where Do You Start?
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