Like many forms of investing, real estate investing is a long-term wealth accumulation strategy with long-term outcomes. When you understand this basic principle, you go through market fluctuations with more ease and remain confident about the returns you will reap in the future. At the same time, however, it is about realizing that investing always carries some risk. Joining us to speak on this topic is Tamar Hermes, a full-time real estate investor, and educator. She is the CEO of Wealth Warrior Woman where she guides women on how to become financially free by teaching them to understand the numbers, options, and strategies in real estate. Tamar discusses what she as a passive investor is doing to mitigate the risks of the current recession, what deal sponsors can do to be proactive, and advises investors about how they should think about the possible postponement of their distributions. For her, this is a unique opportunity for people in the industry to reset their mindsets about investing and part with the fears they often revert to in times of crisis. She also shares her views on how multifamily will do in the next five years and tells listeners more about her coaching program and private consultancy.
Key Points From This Episode:
Tweetables:
“I am a long-term investor and I think that is something that we all need to take to heart right now. Because like any investment, it is really a long-term game if you want to grow wealth.” — @tamarhermesintl [0:14:43]
“We like to be comfortable and whenever we step into those uncharted waters, it feels really scary for a lot of people and so I think part of it is taking small steps.” — @tamarhermesintl [0:14:43]
Links Mentioned in Today’s Episode:
Wayne Patton’s Asset Protection
Passive Income through Multifamily Real Estate group on Facebook