Building Wealth While Working Full-Time: Real Estate Tips From A Medical Professional

Join host Alex Nahle as he interviews Beringia Liu about her journey from a demanding career in medicine to successful real estate investing. This episode dives into practical advice and strategies for busy professionals looking to break into the real estate market.

In this video, you'll learn:
💡How Beringia and her husband transitioned from their full-time jobs into real estate investing despite time constraints
💡The reasons and strategy behind investing in out-of-state properties, specifically in Columbus, Ohio
💡Insights into the BRRRR method and why it worked for their multifamily investments
💡Ways to invest passively in real estate using retirement accounts like self-directed IRAs
💡The importance of networking, finding trustworthy partners, and taking action to overcome analysis paralysis

Connect with Beringia:
Email: beringia.liu@gmail.com
Instagram: @bliubaby
Facebook: Beringia Liu

Here's the link to Directed IRA: https://directedira.com/brrrr/

Stay tuned for straightforward tips and real examples to help you start your own real estate journey.

Thank you SO much for stopping by! I appreciate you!
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🏡Check out our next Real Estate event here - https://shorturl.at/jEO46 

Transcript

Alex Nale [00:00:09]:
All right, thank you again for tuning in. We have our special guest today, Beringia Liu, Beringia thank you so much for joining us.

Beringia Liu [00:00:16]:
Thank you so much, Alex. I'm happy to be here.

Alex Nale [00:00:19]:
Excited to have you here. So Beringia is a perfect example of, you know, a lot of the, I want to say, hardworking professionals, people that we meet, aspiring investors that really want to get into the real estate investing space, however, have their challenges, right? Which is very, very normal. So if you are a hard working professional, if you have a demanding job, demanding career, and always wanted to get into real estate investing, however, just didn't know how, don't know where to get started or maybe even think that you don't have the right resources, skills or time to even do it. Listen very, very carefully because what Beringia is going to share with you is the getting into real estate investing despite all these challenges. So Beringia is in the medical industry a very, very demanding, definitely put a lot of hours in. And her husband is an educator, school teacher as well. So they're both very busy. However, she's going to share with you that despite that, they were able to make that leap of faith and get started in real estate investing. So I'm super, super excited to hear your story, Beringia. Thanks again for being here. Let's start off by you sharing a little bit about yourself.

Beringia Liu [00:01:34]:
Yeah, thanks, Alex. So let's see. I'm originally from Louisiana. I was born and raised there. I moved out here to LA for college. I went to USC. I was your average student. I did pre med. I studied jazz. You know, nothing too crazy there. And long story short, I ended up getting a master's at USC and ended up working at the USC Keck Hospital. And I mention that because it's relevant because I worked there for about five years and I accumulated a pretty sturdy retirement account, 401k during that job. And that phase passed and I transitioned into being a PA, physician assistant, which is what I do now. I practice family medicine. I've been doing that for the last three and a half years, which doesn't sound like a long time, but I can guarantee you it feels like a long time. And that is also relevant because it is an easy segue into why we became real estate investors.

Alex Nale [00:02:35]:
That is awesome. So it sounds like it wasn't that easy to make the, to, to make the transition or maybe to, you know, incorporate real estate investing within all you do based on your schedule and the demands and so forth.

Beringia Liu [00:02:49]:
You're right, Alex. It took a Lot of extra time to educate ourselves and to psychologically prepare us to take the first step. And so our first step into real estate began in November 2023, which is when we bought our first property, which was an out of state property in, in Columbus, Ohio. It was a market that we could afford and that we felt comfortable pursuing. But for the last, for the two years prior we had been. And when I say we, I really mean my husband. I mean I was so busy working that, you know, thankfully I had a husband that was very interested in real estate and I was more on the sidelines, just kind of encouraging us and getting us to a vision, a goal where we wanted to have more freedom, more financial freedom, more options for our lives and, and more passive income streams. And real estate is absolutely a clear way to get there. And so in November 2023, we finally purchased our first multifamily unit property out of state. And we didn't know we were doing. And that's kind of the point. It's that we were studying so much, we were, our heads were in the books so much that we just had to take a first step and break a big goal down into smaller goals. Right. So that's what we did. I mean, we meaning my husband again. So, and I think it's important to have a partner if, or some sort of support system that's able to support you to get to that place. And he absolutely did all that. He carried the bulk of the responsibility of being an active investor in a multifamily unit property, sight unseen, out of state. He was the one who would talk to the real estate agents, the property managers, the contractor, the, you know, you name it. I mention all that because it is a lot of work. It took time. And he also had a full, full time job. He had to, to take calls during his work and he was able to luckily and you know, send emails in the wee hours of the morning because there's central time over there. And my point in saying that is that active investment can be very fulfilling and it can help you reach your goals. But luckily we also learned of another creative way to passively invest in real estate. And, and that is something that we are also doing now.

Alex Nale [00:05:18]:
Awesome, awesome, awesome. Yeah, I would definitely want you to share a little bit about that as well because that's truly, you know, that's a way that's going to solve the problem for many, many others out there that, you know, don't know if they'll ever be able to invest in real estate maybe until they Retire and so forth. But then, you know what, you'll share. They'll come to find out that you can actually invest passively in real estate, earn money, maybe, in my opinion, it's a lot less riskier than being more involved in it by you doing your job, staying at home, taking care of the kids, doing whatever you got to do, but still be actively involved in taking action. So can't wait to hear about that. Before I get to that, though, you mentioned a great point. You know, it's you, your husband, and knowing you guys for the last maybe, you know, year and a half or so, we've been working together and getting to know both of you quite a bit. And, and you're definitely, you know, you complement each other very, very well. And that is indeed, in my opinion, part of, you know, this contributor to you guys success because you work together as a team in a very, very smart way. You, you, you utilize each other's strengths and so forth. So that's commendable. And because real estate is a lonely business, I say that all the time. So it's like, you know, if you don't have that, you know, significant other support, there is people out there that you can connect with and they can be there for you as well. So I wanted to touch on, you know, you guys went out of state, you know, despite all, you know, the intricacies of real estate investing. And like you said, it's not easy, the challenges and so forth, but, you know, nothing good is going to come easy. You guys chose the route of out of state investing. Can you share a little bit about why? I mean, you did mention it is an affordable. However, were there any other reasons why, or was this strictly the only reason why you invested in Ohio versus the LA market, which, you know, you live in?

Beringia Liu [00:07:17]:
Yeah, great question. I mean, so affordability was probably our number one criteria. Number two was, is the market emerging in that city? Is it, you know, can we appreciate that property down the line, the multifamily units that we have purchased? And now we have purchased three multifamily unit properties in the span of a year. We purchased them with the intent to rehab and to buy and hold and to, to refinance and to regain some of that equity back and, and to repeat that process. That was our model. So of course we needed to find neighborhoods that were up and coming. To be honest, they're more like B, B minus, C plus neighborhoods that we heard from a lot of podcasting and a lot of talking to locals as well that, you know, this is, this is the place to be, this is the place to invest in. And so yes, they were, all three of them were sight unseen. And each deal that we did, we got better and better. They were all very unique. Every property has its own unique qualities about it and its own unique problems that you have to overcome. That's just part of the, of real estate. And so those are the main criteria for us.

Alex Nale [00:08:27]:
Yeah, that is part of the process. The mistakes that you make, the things that you learn and the growth that comes out of it, that's. That's tremendous. So it sounds to me like you guys did the BRRRR strategy on those properties, right?

Beringia Liu [00:08:38]:
Yeah, precisely.

Alex Nale [00:08:39]:
Were you familiar with the terminology BRRRR or did you guys just do that because somebody told you, can you, can you share a little bit about that?

Beringia Liu [00:08:48]:
We were very familiar with was part of the many podcasts and real estate courses that we took. And when I say we mainly my husband who had the, the resources and time to be able to, to, to, to learn about this method, I believe it's a safe method. It feels safer to us than fixing and flipping. Right. I'm sure there's some rehab involved, but you could absolutely do it. You know, buy a property turnkey and hold it and regain the, the equity at a later date. We had been very interested in flipping, but we weren't ready for that. And BRRRR was something, the BRRRR investment strategy was something we were comfortable in trying to pursue.

Alex Nale [00:09:32]:
And you guys applied exceptionally well. You know, like you mentioned, you can definitely get a turnkey property, rent it out if and when it appreciates, you can refinance it and recapture that initial investment or part of it. What you guys ended up doing is the, the actual BRRRR strategy from the beginning, which now there's another one called the delayed BRRRR, which you know, you and I are very familiar with because we're actually applying it before bigger pockets talked about it. So let's just put a mention out there. But you guys did actually take on, you know, the project. It had it slightly distressed property. You guys did value add to it. You forced appreciation. You got tenants in there to generate income, right? Showed the bank that income. You showed the bank that appreciation. You refinanced it. You know, you probably got all, or maybe in some cases because you had multiples, you may have gotten more than you actually initially invested. And now you have a stabilized property, right?

Beringia Liu [00:10:29]:
Yeah, yeah, mostly stable. You know, in Ohio they've got a lot of basements, like really old basements. So we're currently Kind of foolproofing our basements, our prop, our properties basements, which is something we didn't anticipate would be a critical facet of Ohio investment, investing. But it is actually. So we learn, we learn that different markets have different needs, that's for sure.

Alex Nale [00:10:56]:
Especially different, the different weather and so forth. It's going to be, it's going to be very, very different. And know we're saying this in a very like, you know, easy, nonchalant way, but it is very hard. You know, there are going to be challenges, but this is part of, you know, the, the, the, the, the game having the right support and actually taking action and, you know, learning through the mistakes that you get. But, you know, vacancy is real, right? You're going to have vacancy. You have to, you know, calculate for capex and other expenditures, other repairs that may come up along the line. So I'm very, very proud of what you guys have accomplished. I'm more excited that you guys have also transitioned to the LA area and excited to work with you guys there. Likewise, let's shift to how, you know, you mentioned that, you know, you discovered a new way in investing and it allowed you to continue to focus on your career, not be distracted, however, still put your money to work and earn income. Can you share a little bit about that to those that want to know how they can invest passively in real estate?

Beringia Liu [00:12:05]:
Absolutely. So we bought our first property at the end of 2023 and it wasn't until like mid or early 2024 that we started going to your meetups, Alex. I had told my husband I was like, gosh, we're investors now, but we don't really have a community or a group of people that we can pitch ideas from and, and learn from and just talk to about investing, real estate and other financial, you know, financial issues. So we wanted to in many ways level up our, our community. So my husband went to several real estate meetups and one of them was yours, which was really close by in Pasadena. He loved it. He actually loved you. He thought you and your team were so genuine, which is a rarity or a nice find in LA, I'll say. And he felt very comfortable talking to y'all.

Alex Nale [00:13:00]:
All.

Beringia Liu [00:13:01]:
So he told me about it and I went the, the next time and I think very soon after. And by the way, I felt the same about you and your team and everyone there.

Alex Nale [00:13:12]:
Thank you.

Beringia Liu [00:13:13]:
Yeah. And, and very soon after there, you had a guest speaker who came from the SD IRA field and SDIRA stands for Self Directed IRA. So this person, I don't remember who.

Alex Nale [00:13:28]:
Nate Hare.

Beringia Liu [00:13:29]:
Yeah.

Alex Nale [00:13:30]:
Yeah.

Beringia Liu [00:13:30]:
Okay. This person talked about how creative you can get with using your IRA to invest in multiple different assets, including real estate. There are some stipulations involved, but for the majority of people who have an IRA, they should be able to invest it in what. And many different assets, of course, the stock market, but also maybe higher return assets such as real estate. And so as soon as we heard that, we were like, oh my gosh, we, we had already set aside some money to invest in real estate privately with you anyways, but now that we knew that there was a whole other fund of. Of money that I could use from my old job at USC Keck, right. I knew that the, the, the possibilities were a lot bigger for me as an investor. And I also wanted to support, you know, my community. I wanted to support you in your and your projects. So we ended up investing my traditional and Roth IRA with, with you, Alex. So. And that was mid 2024. And so this is already six months into our, into our real estate journey. That money of, of of mine was lended to you for eight months, and I received an 8. A 10% annualized return on that. It was an incredibly easy process. You know, I barely lifted a finger, and it was just really easy. It was the easiest money I've ever made. And so after that moment when we got my principal and the interest back, I was like, oh, my gosh, there's so. There's so many opportunities that we, that we didn't know about that we could use this money for. And psychologically, we were more in tune with at that point. We were more in tune with creative investing, we can put it that way. And being creative with what, with how you can make your money work for you and, and, and not just sit there and, and do nothing.

Alex Nale [00:15:30]:
No, that's fascinating. Very, very fascinating. And a big shout out to Nate Hare and the team at Directed IRA. You guys are awesome. You know, they've come out a couple times now to our events in the LA area just to be here in person, connect with our community, provide tremendous value to our community. That idea just alone has helped out so many people, you know, including you guys, and, and it's, it's a game changer again. We can sit here for hours talking about this. However, instead, if you're listening or watching, please check out our YouTube channel alexnahleonvideo.com first off, support us subscribing to the channel so we can continue providing you this content. And also check out previous episodes with Nate Hare we have a podcast episode. We have webinars full of education, and if you need more information, you can reach out to me directly. We can connect you with Nate and the team. So with that said, I want to elaborate a little bit more about what Beringia shared. So, you know, you guys, we were going to invest together. We took you to the properties, you loved what you saw and you guys were ready to go. And then, you know, we exposed you to this new way of investing, utilizing your IRA or a dormant 401k for example, like in your case from a previous job that you were, instead of getting your, the savings that you had to invest with us, which would have been perfectly fine, you ended up using two accounts, a Roth IRA and a traditional ira. Again, go back to the podcast episodes to get a better understanding the difference between the two. I'm going to share a little bit. A Roth IRA is going to be, it's tax free and then the traditional is going to grow, tax deferred, right? So it's powerful in the Roth. However, both are amazing. And what does that mean? Let's say she, instead of investing, let's say a hundred thousand with us from her savings, you put a portion from Roth, a portion from traditional. You grew, you earned interest on both. In the Roth, it's tax free. So the 10%, in reality, those of you that are listening and that love numbers, do your numbers right, 10%, after you pay your taxes on, on income, it's not going to be 10% anymore. It's going to be less whether it's 7, 6, whatever your tax bracket is. Right. However, 10% in a Roth IRA, it's more than 10%. Technically it's like a 15% income. Then you tax that and it turns into 10. So whatever your tax bracket is, do your math and you'll see how much more powerful a Roth IRA is and how much more powerful investing with your IRA in a self directed it is than investing in traditional. But you can do it in any way possible. So thank you so much for sharing that with us. That's, that's, that's a big, big thing. And now, you know, with, with you having done that, what would you, you know, what advice would you give to others that are in a similar situation that have a 401k, they don't even know what it's for, what they can use it to, to, for what would you recommend them to do if they, if they had the idea of wanting to get into real estate investing, for.

Beringia Liu [00:18:39]:
Example, if You're a busy professional and you know, you have a retirement account, 401k or maybe some other retirement account. I, you know, I'm sure there are others that could qualify, preferably from an older, an older position, an old job, but possibly for your current job as well. I would encourage you to look into it. I mean, you might want to call your, your broker, brokerage first and just ask if they would allow you to invest in any, any other asset besides the stock market, you know, and invest in real estate. That would be one of the steps. A really important step, though, is to just seek passive investment if you, and to seek networking. Right. You want to do these things in a, in a community environment so that you are not making big mistakes. I mean, we all make mistakes, but you're not making like critical mistakes because you have people that you're able to vet your ideas off of. And so the networking aspect is, is critical. If you don't know what to do first, I would just say go to meetups and start networking. Go to your meetups, Alex. Start listening to the guest speakers that you have every month and just start getting accustomed to the vernacular, the vocabulary, the way people talk about real estate investing, the different viewpoints from all the different types of people that are involved in real estate. There's so many. And just get more comfortable with it and then start looking into your own finances and to see if there, there's creative opportunities for you to become a passive investor. You don't have a lot of time. I mean, if you did have a lot of time, sure, you can become an active investor, but if you don't, and if you want, if you really want to see that paycheck come in a couple months later where you're like, oh my gosh, I didn't do anything, then just, just start getting yourself involved with the, with the right people. Consider passive investment with, with also the right people.

Alex Nale [00:20:48]:
Because it's truly, you know, it's about who you're investing with. It's not what you're investing in. Let's be honest, right?

Beringia Liu [00:20:56]:
Totally 1,000%. Alex and I, I have to say that the reason why that we wanted to invest with you is because we felt that our values aligned with you. You were very clear from the get go that of course you're, you know, profit is, is important, but it's not the most important thing for you. You cared more about the relationships that you built along the way. You cared more about the process of, you know, enjoying the, the, the relationships along the way. While you, while you're doing your projects. And that really resonated with us. We knew that we, we feel the exact same way. And so we wanted to make sure that we invest in somebody who felt the same way. So I would encourage everyone, you know, if you have, if there's, there are a lot of investment opportunities out there, you want to invest in people that are, that you, that you believe in and some, and something that you believe in as well that's going to give you the returns that you, that you need.

Alex Nale [00:21:54]:
Absolutely, yeah. Because there are a lot of horror stories out there and you know, a lot of, you know, good deal, good sounding deals, a lot of shiny objects. So as Beringia said, there are a lot of options. Choose who you invest with wisely because at the end of the day it's the operator, not the actual investment itself. And, and I want to go back to, you know, you brought up a great point about, you know, talk to your broker, the servicer of the IRA that you have or the 401k account that you have. You know, usually the older accounts that if you left a job, it's just sitting there or you rolled it over, those are the accounts you, you, you should be able to use. Right? This is not financial advice. Again, this is, we're just sharing with you what we're doing, what we're learning, what we're applying. However, we'll put a link below to Directed IRA. This way you can connect with, ask them any specific questions. So again, this is not financial advice. However, you can also reach out to your current servicer to see. Everybody's different, right? Everybody has a different situation. If you're fully vested or not, ask them if you're able to roll it over into a Self Directed IRA. Because once it's in a Self Directed IRA, whether it's with Directed IRA or any other servicer that you have, it really doesn't matter. As long as you're happy and comfortable with them, then that is when you can utilize that vehicle to invest in other assets such as real estate, bitcoin, crypto, all that kind of stuff. So it's very fascinating. It opens up a lot of doors and highly encourage you to just think of that and just take action. Right? Just take action. And you pointed out another important thing is like, you know, going to networking. Networking has done so much for me, right? It's opened up so many doors, it's allowed me to meet so many awesome, cool people and some people that I just never want to see again, which is perfectly fine. However, you know, like you mentioned is like, don't be afraid of making mistakes. Right? Mistakes are good. They're a great learning curve. However, you can also avoid that by learning from other people's mistakes. Right? That's, that's priceless. So when you're connecting with someone, connect with a coach, a mentor, whatever the case may be, or, or with a good community that's going to be able to answer your questions and help you by sharing their mistakes, not just their successes, but their mistakes with you. This way you can avoid them if possible. And that again, it's going to save you a lot of money. Many people are always out there wanting to share the successes. There are a lot of failures, a lot of mistakes that happen that we experience. I experience and for me, I love to share those more than anything because those are what, you know, I've learned from and others can learn from totally.

Beringia Liu [00:24:31]:
And at your meetups you have such a wide variety of people and a wide range of investor experience. I mean, we came in as completely new investors and we just felt very welcome and never stupid, if that helps. And we also, we met a lot of people who were probably even more investor naive and I mean that in a good way, you know, than us. It's good to see just how much someone can evolve in such a short amount of time just from, from being surrounded by the right community and the right, you know, your, the correct exposure. Because it's only been less than two years, Alex, since, since we started our journey in real estate investment and probably a year and a half since we met you and started going to your meetups. And so much has evolved. I mean, now we're, we're participating in your mentorship program because we learned that after passively investing with you, it was such an easy experience that we wanted to get to, to learn more about your methodology, more. And, and with that being said, I mean, we're so, we are so grateful that we're in this position now. We see that there's a trajectory and we're going quickly towards it. It's our out, it's our way towards financial freedom. And it's also fun for us. It's, we're having fun and, and you know, so much has evolved in less than two years for us. And we know that with your mentorship we are being fast tracked to even more success. So we're very happy about that.

Alex Nale [00:26:07]:
That is awesome. I truly appreciate the kind words. Thank you so much. And that is truly why we did, you know, we built this community is to have as many resources as possible for, you know, guest attendees, just like you guys came and you know, we met and so forth. Because everybody's at a different level. We want the community to be for anybody and everybody. Somebody that's never done a deal before to those that have done many, many deals. And we have that and anywhere in between. So it's, it's cool because, you know, it allows those that are wanting to get started, the aspiring investors to, to be in a non threatening, non salesy environment, to get to meet people, connect with people. Because at the end of the day, I know one thing that myself and my team were not going to be the perfect fit for everyone. And there's enough business out there for everyone. And you know, I feel that if we're there for each other, we support each other. This is, there's a big things that we can do together and collaborating without ego is, you know, it's my thing, it's what I love to do.

Beringia Liu [00:27:05]:
So we feel it and we see it. So thank you, Alex, for, for being you and for having all the experience that you have.

Alex Nale [00:27:12]:
I appreciate that. I want to segue to, you know what, what keeps you motivated with, with all that you guys are involved in, you know, with your jobs, with life. Now you have a new puppy. What keeps you going? What keeps you motivated?

Beringia Liu [00:27:27]:
That's a good question. I think there's probably two big motivators. There's a grander scheme of wanting to be financially free and just maybe work a bit less, not have to work so much. And actually I've achieved that in the last couple weeks thanks to real estate, I would say I've been able to cut back on my hours. Surprisingly, I think has opened up even more doors. And that's an interesting thing about how if you have more time, you kind of energetically open up more opportunities if you can create that space. But if you don't have that space, it's just consumed by whatever you, you are, you are working on. So that's number one. Number two is we just, it's probably a personal philosophy. We want to continually improve. That's something that we, we strive for every day and we want to continually evolve. We know that the end goal is far, it's always going to be, it's always there.

Beringia Liu [00:28:31]:
But.

Beringia Liu [00:28:32]:
And we want to strive for it. And, but I think our biggest motivator is just to be a little bit more financially free and a little bit more able to cut back on our hours at work. So.

Alex Nale [00:28:46]:
And you're getting closer and closer to that by all it's doing. So that's.

Beringia Liu [00:28:49]:
Yeah, yes, absolutely.

Alex Nale [00:28:52]:
Keep up the good work. Are there any, you know, upcoming future goals that you guys have in investing and like any next steps you want to share and talk about?

Beringia Liu [00:29:04]:
Yeah, absolutely. I mean we are working together with you on a property here in LA. We purchased our first LA property largely under your, your mentorship. Right. And we are rehabbing it. We are, we are converting it. It's a three bedroom originally a three bedroom one and three quarter bath that we converted to a four bedroom three bath plus an ADU in the back which is an immense amount of value add. Right. And we're converting what, what used to be a single family residence to a co living space which the co living model is as a whole discussion in and of itself. But it's a very old model in, in real estate that is kind of coming back to, to life now in LA in order to address a chronic, you know, housing problem here in LA. And so we are using, addressing a social issue with, with a real estate strategy and combining the two instead of, you know, just having one tenant or one family unit in our, in our home we would have four people. Right. Because there's four rooms and possibly even a fifth person or a fifth stream of income due to that 80 ADU in the back that we're, that we're building. So all of these things we would never have thought to do. And you've been able to guide us with that. And, and so that's a very exciting project for us. We absolutely plan to repeat it. Just rinse and repeat either that model or, or be flexible with the market and with the property itself to apply different models. And, and so that's the fun part about real estate. It's fun to work with you to get to learn what are the best strategies to apply to your next deal. And we, so we definitely plan on rinsing and repeating.

Alex Nale [00:30:58]:
That is awesome. So PadSplit. PadSplit is what you're referring to and it's what we're really, really excited about. You know, the, the pro. The properties are going very, very, very soon. You can also check out the episode that you know, I just posted with Devon Aguirre from Pad Split. We dive a little bit deeper into the conversation. It is definitely something in my opinion it's the next trend that's coming along and it's something, you know, like you mentioned, it's been there, it's just coming in a different way. Catering to a different clientele. Base to a much broader clientele base. And you know, it's, it's, it's about being in tune with the market, knowing what's going on, what are the trends, what are the needs of that specific area and what accommodating that. So that's what we're trying to do. So very, very exciting there. Super excited to see how that's going to come along. And there's no doubt it's, it's going to be cool. And the, the other important thing is you know, like we're talking about vacancy and so forth with the pad split and the co living it's going to allow us to have multi, multifamily income in a single family property. So basically rather than having a multi family property with multiple units, you have a single family with multiple rooms and you rent it accordingly. So it's very, very cool, very interesting, very different. So tune in for more. So wind it down to, to the end and want to ask you what are, what are some, you know, final words that you would like to share with our listeners, with our viewers that you know, are really intrigued with what you did and just want to, you know, take action but just don't know how. What would be that one thing that you would share with them?

Beringia Liu [00:32:38]:
Totally. I mean it's, it's funny. It's. Well it's not funny. It's just that I talk to a lot of medical professionals, right. I talked to a lot of, I mean we people talked, you and I and everybody talks to a lot of people. And, and big theme is that burnout is very real. Right. Whether you want to define burnout as just being frustrated with your job or just you're, you like your job but you work so many hours or whatever the case may be, you just, you know, you're not having your work life balance, very, very balanced in your life. It can, it can weigh heavy on you and you can absolutely feel frustration. And, and I would say that if you have any sort of negative emotion about your, your career, your life, where you are financially, I, I hope you act on it and that you know, sure it might be smart to listen to a couple podcasts, take a course, just do your own research. There's so many, you know, online universities now or what have you. Sure that that is an important step but the best step is to just act. And it can be anything. It can mean that you reach out to, to you Alex, it me it might mean that you come to one of a meetup in LA, maybe yours in Pasadena and the other one in Laurel Tavern, which I never go to, but because it's far away and you know, so it might mean that you call your, the SD IRA person, the self directed IRA people just to ask a few questions and get to, to know your finances, your financial situation a little bit more. It might mean that you seek a financial advisor and, and see what opportunities or what are some missing gaps in your, in your portfolio. I mean, whatever the case may be, I would highly recommend that you just act. And the easiest thing is probably just to join a group and just immerse yourself in their ideas and, and you might find some friends along the way. That would be my, my best, my best recommendation is to just not sit there in, in and wallow in, in any sort of emotions that you have about your current situation. Things can change rapidly and they absolutely have for me and my husband. But I will be honest. It took, it took work. We, it took, you know, time. It took physical work. It also took like a lot of psychological work that we had to do in ourselves, on ourselves. You know, that's part of the journey. But whatever place you are, please don't be shy about just taking the first step. And if it means reaching out to me or you, that might be the first step and it could absolutely lead you down a very, you know, healthy and prosperous road.

Alex Nale [00:35:28]:
So analysis paralysis is real. So don't get caught in it. Totally with that, you know, how can you know, our, our viewers or listeners, you know, connect with you if they want to reach out to you? What's the best way to reach you?

Beringia Liu [00:35:43]:
That's a great question. The best way to reach me is probably my Instagram @bliubaby. You can reach me out there. I have Facebook. My name is Beringia Liu and you can also reach me by email, beringia.liu@gmail.com awesome, I'm happy to see you.

Alex Nale [00:36:03]:
Or you can come out to one of our events and see Beringia as well. So we're going to add all that information in the comment section below. We'll also include a link to our Facebook group, which we would love for you guys to join, attend, you know, connect with Beringia and others in the community to help answer questions that you may have or also to share your, you know, your, your, your wins and you know, any, any failures that you may have that you might benefit others. We'll also include the link to Directed IRA so you can connect with Nate and his team directly if you'd like or if we can be of resource to you. Please drop your questions below. Again, Beringia, thank you so much for coming out on a on your on a busy schedule to share this with everyone. Truly appreciate it and look forward to seeing you soon.

Beringia Liu [00:36:49]:
The gratitude is all mine Alex. Thank you so much for everything that you do and thank you for having me today. Nice to talk to you.

Alex Nale [00:36:55]:
You bet. Thank you. Thanks thank you all for joining us on the BRRRR Investor Podcast. If you found today's episode helpful, please hit like and subscribe to our channel for more real estate insights. We love hearing from you, so please leave your thoughts, questions or topics you'd like us to cover in the comment section below. Be sure to check out our website thebrrrrinvestor.com and follow us on social media @thebrrrrinvestor keep learning and investing and we'll see you in the next episode. I'm your host Alex Nahle. Stay invested.