The Lo-Down
The Lo-Down brings you conversations with extraordinary individuals from all walks of life who are relentlessly pursuing success. Hosted by Lorenzo Mercado, a registered nurse turned real estate investor, this podcast dives into the stories behind the grind and uncovering the mindset and strategies that drive growth. From entrepreneurs and season investors to business owners and visionaries, every guest shares a unique perspective on what it takes to achieve success. Whether you're building a business, chasing a dream, or striving for personal growth, The Lo-down is your source for inspiration, actionable insights, and the motivation to level up.
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The Lo-Down
Turning A Biotech Layoff Into Multifamily Success | Addie Ning E14
In this episode of The Lo-Down, Addie Ning, share her story as a successful real estate investor who transitioned from a career in biotech to full-time real estate investing. Addie tells of her first real estate deal out of state, the challenges, and her recent acquisition of a 12-unit apartment building. She discusses the importance of relationships in real estate, the lessons learned from her experiences, and her strategies for raising capital. Addie emphasizes the long-term nature of real estate investing and offers valuable advice for aspiring investors. Hope you guys enjoy the show and thanks for watching!
Follow Addie Ning on IG: @Addie_Invests
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Follow Lorenzo Mercado on IG: @lorenzo.mercado_
Takeaways
-Addie transitioned from biotech to real estate after being laid off.
-Her first investment was a condo in San Diego, which taught her valuable lessons.
-Investing out of state was a strategic decision due to high California prices.
-The importance of relationships in real estate cannot be overstated.
-Addie's first deal was a learning experience with many challenges.
-She emphasizes the need for confidence when raising capital.
-Addie plans to renovate the 12-unit property over time to increase value.
-Real estate investing is a long-term game that requires patience.
-She encourages aspiring investors to take action despite fears.
-Social media is a powerful tool for building credibility and attracting investors.
Chapters
00:00
Introduction to Addie Ng and Her Journey
03:04
Transition from Biotech to Real Estate
06:05
First Real Estate Deal: Lessons Learned
08:56
Out-of-State Investments: The Decision Process
12:06
Scaling Up: From Single Family to Multifamily
15:00
The 12-Unit Apartment Building: Finding the Deal
17:58
Raising Capital: Challenges and Strategies
21:07
Operational Plans for the 12-Unit Property
24:05
Mindset Shift: From Optimism to Realism
26:49
Advice for Aspiring Real Estate Investors
29:47
Future Goals and Closing Thoughts