Quiet Wealth
Only 15% of america’s millionaires are self-made women, and I’m one of them. Personally, I don’t love that number, and that’s why I’m here to help you do it, too.
By now you’ve probably been asking yourself some of the questions I hear most often:
Do I need my own business?
How can I create passive income?
How do I protect my wealth as I continue growing it?
How do I teach my kids to be better at money than I was?
How do I REALLY invest and not just use a financial advisor?
And the biggest question of all, How do I WIN the money game?
Whether you’re a corporate VP, a small business owner, or a stay at home parent, if you’re invested in building generational wealth for your family, you’re in the right place.
I’m Camilla Jeffs. I’m a mom of 5, I own 5 businesses and I’m a general partner for a $200 million dollar real estate portfolio, and I built it from the ground up. I had to work really hard to acquire the financial knowledge it took to get my family out of the whole and into a stable financial position and I created Quiet Wealth as a resource for other women just like me - the CFO’s of their family that are committed to building generational wealth.
In this podcast, we’ll discuss the money mindset shift for success, investment strategies for the modern family, tax hacks and tools to set your kids up for financial success.
If you’ve ever been nervous to talk about money, or you’ve felt like it was taboo…you’re not alone. Women are made to feel like money isn’t a conversation for them - and at Quiet Wealth, we’re committed to changing that. I feel strongly that if we don’t talk about this, that number of self made female millionaires will never change.
Quiet Wealth
From Single Family To Multifamily, How To Make The Move | Episode 60
Investing in real estate is a great way to build wealth over time. Many people start their real estate journey with single-family homes, but as your portfolio grows and your investment goals change, you may find yourself wanting to move from single-family properties to multifamily real estate. Multifamily properties, which include duplexes, triplexes, and apartment buildings, can offer a variety of benefits, including higher rental income, economies of scale, and increased cash flow. However, making the transition from single-family to multifamily can be challenging. In this episode, we’ll explore some tips and considerations for making the move to multifamily real estate.
Get ready to build & share the wealth, let's dive in.
Episode timeline:
[00:00 - 02:58]
• Welcome to the quiet wealth podcast.
• The pros and cons of single-family and multi-family real estate.
• Acquiring apartments worth millions of dollars.
• Scaled to your max in residential rentals.
[03:00 - 04:35]
• Advantages of single-family real estate investing.
• Ease of access and purchase process.
• Up to 10 loans based on your credit and income with low down payments.
• Various exit options and can diversify purposefully.
[04:38 - 07:13]
• Disadvantages of single-family real estate investing.
• Having high capital expenditures as you own more properties.
• Getting insurance and maintaining bookkeeping.
• Limited amount of loans.
• Affected by the value of sold neighboring properties.
[07:14 - 10:30]
• Advantages of multi-family real estate investing.
• Simplified process on loans for multiple units.
• You can easily form a team to help you manage a multifamily property.
• The ability to control the property value.
[10:31 - 13:21]
• Disadvantages of multi-family real estate investing.
• Limited exits, your sale is limited to other investors or corporations.
• Not enough diversification.
• The need for partner investors and a solid track record of credit history.
• Needing the combined net worth of the partnership to equal the loan amount.
[13:21 - 16:34]
• How to make the transition?
• Stacking and leverage.
• Why do you need to step back and look at your goals?
• See you on the next episode.
Build Wealth | Create Impact | Leave A Legacy
Episode Highlight:
"Always take a step back and look at your goals. Why are you investing? Does it make sense for you to personally own and manage 31 doors over five properties? Or does it make sense for you to be more hands-off and collect disbursements without being a landlord." -Camilla Jeffs
Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass!
https://steadystreaminvestments.com/masterclass/
Follow us at
===
Are you ready to try passive investing in real estate? Get access to my FREE Passive Investing Masterclass!
https://steadystreaminvestments.com/masterclass/
Follow us at
https://www.facebook.com/steadystreaminvestments
https://www.instagram.com/quietwealthcommunity/
https://www.tiktok.com/@quietwealth