Real Estate Investing in an Expensive Market w/ Karina Mejia (REI112)

Robert Leonard (@therobertleonard) chats with Karina Mejia about how to buy in an expensive market, what house hacking is and how to get started with it, and how to transition from a corporate career into a full-time career.

Born and raised in Boston, Karina has witnessed the tremendous change and growth that has transformed Boston’s estate market. She earned her bachelors in Economics and International Studies at Boston College. After graduating, she joined a real estate consulting firm where she provided comprehensive support with commercial real estate investments and transactions in connection with acquisitions, dispositions, and financing. She bought her first triplex at 22 years old using an FHA loan and quickly realized climbing the corporate ladder wasn’t for her. She found success as a real estate agent helping both first time home buyers and investors alike. She leveraged the uncapped income potential in sales to house-hack a second triplex in the Greater Boston Area and begin building an out-of-state rental portfolio consisting of 6 doors in Augusta, GA. With a total of 12 doors at 24 years old, her goal is to scale up through long-distance multi-family investing.

IN THIS EPISODE, YOU’LL LEARN:
00:00 – Intro
03:20 – How to become a full-time real estate professional
06:46 – What the day-to-day looks like for a real estate agent
13:07 – How to determine which brokerage to work with as an agent
16:24 – House hacking even in an expensive market
21:38 – Why long-distance investing makes sense
22:57 – How to invest long-distance and out-of-state

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BOOKS MENTIONED:
– Rich Dad Poor Dad by Robert Kiyosaki:
– The Everything Guide to House Hacking by Robert Leonard: L
– The Millionaire Real Estate Investor by Gary Keller: S

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RELATED EPISODES:
– $100K+ in Debt to Financial Freedom Journey w/ The FI Couple:
– Still House Hacking with $2.5M Portfolio w/ Jonathan Hayek:

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