Going Big and Working with Partners with Tiffany Ward, Ep. 334
Tiffany Ward is a new mother, cross-fitter, and real estate investor. She started investing in real estate by buying a foreclosure at the age of 23 in Richmond, VA. In 2019, she turned to multifamily investing and in her first apartment deal invested out of state and served as a Key Principal. Tiffany founded Utmost Capital and works with others to invest alongside her in apartments. Let’s dive in to hear more on real estate investing and business. Announcement: Download Our Sample Deal and Join Our Mailing List [00:01 – 05:20] Opening Segment Tiffany talks about her background. Why she is pursuing real estate How her parents being debt free affected her approach to real estate [05:20 – 11:28] Why Real Estate? What the first deal she did was like How she overcame paying too much and other obstacles in her first deal Lessons Tiffany took away from her first deal Why you should definitely have a property manager Why having operating reserves is crucial How a mentor can accelerate your process exponentially How thinking bigger allowed her to pivot to multifamily [11:28 – 19:20] Covid Aftermath and Joint Venture How Tiffany started seeing the effects that COVID had on her business later on Joint Venture vs. Syndication The key differences between a key principle and an operator. How Tiffany got comfortable with the market. Best practices to learn about an area to invest in. [19:20 – 24:49] Bullseye Round Apparent Failure: Not trusting her gut Digital Resource: Canva Most Recommended Book: Unshakeable Daily Habit: Taking her dog to walks Curious About: How she can get her kid to bed at night I Wish I Knew When I Was Starting: The power of a partnership Best Place to Grab a Bite in Richmond Lilly Pearl Contact Tiffany: Reach out to Tiffany at firstname.lastname@example.org Tweetable Quotes: “If people don’t know you, they are not going to be interested in investing in deals with you.” - Tiffany Ward “Trust in your gut as it pertains.” - Tiffany Ward Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW, and be sure to hit that subscribe button so you do not miss an episode.