Real estate favors those who value risk. An investor’s willingness to take a calculated risk separates the good from the great. And today’s guest, Grace Gudenkauf, is definitely on her way to greatness. This ambitious 24-year-old has managed to get seventeen doors between eight properties under her belt in less than a year, and she shows no signs of slowing down.
She was first introduced to real estate when her boyfriend decided to flip a house. It didn’t pique her interest until she reviewed the numbers and saw the potential. Since then, hard work and calculated risk have allowed her to have the accelerated success any new investor dreams of. A substantial amount of this success is due to her and her boyfriend making it a point to “never let the money stop them”, they “get the deal first and then find the money.” Most would be reluctant to take this approach, but it has worked phenomenally for Grace.
From talking directly to a VP at a local bank to deciding to leave her W-2, Grace keeps taking risks in the name of real estate, and it keeps paying off. When it came to deciding if she would leave her W-2 or not, Grace looked at the worst-case scenario to weigh her options. After it was all laid out—her worst-case financially, emotionally, and socially—she decided the risk was well worth it. This is an episode you don’t want to miss.
Ashley:
This is Real Estate Rookie, episode 161.
Grace:
Well, how are you going to get loans if you don’t have a W2? You’re never going to be able to buy anything. And I feel like that’s a huge myth and just not true. Yes, you have to sacrifice a little bit, maybe some points, maybe higher interest rate, but am I going to let that completely stop me? No.
Ashley:
My name is Ashley Kehr and I have a story. Today, I am actually in Seattle at the Heaton Dainard office. So if anybody is looking to invest in Seattle, I highly recommend checking them out. No, this is not a paid advertisement, I’m just using their…