2023 has presented tremendous challenges for investors looking to get started. Financing is expensive compared to the historically low interest rates during the COVID boom. And, although they’re stabilizing, home prices have seen massive appreciation. Throw low inventory into the mix, and you’ve got an investor’s worst nightmare.
In short, it’s tough to cash flow right now, but luckily, it’s still possible.
Take, for example, Jessica Later, a real estate broker and investor who’s crushing it in one of the most expensive markets in the country: Boston. In many ways, her story is contrarian. The lessons she shares in this article show you how to think outside the box to win big in any market condition.
No Job? No Problem
Armed with a marketing degree and aspirations to work in the advertising industry, Jessica faced an unexpected setback. The company she had hoped to join lost a major account. Suddenly left without an income and unsure of her next move, she found herself at a crossroads. Little did she know that this challenging situation would ultimately lead her down an unconventional path toward financial success through real estate.
It was during this uncertain period that Jessica crossed paths with a real estate agent. Recognizing her potential, the agent suggested that she explore the world of real estate, starting with sales. Intrigued by the idea, Jessica decided to give it a shot. To her surprise, she quickly discovered that “I was able to make more money in a single summer through [real estate] than I would have earned in an entire year at the marketing company.”
As she delved deeper into the world of real estate, Jessica started to notice the remarkable success that investors were achieving. Eager to learn from their expertise, she sought out mentors who could guide her along the way. Fortunately, she found several experienced individuals who were willing to share their knowledge and provide valuable advice…