Amelia McGee is only 32, but she's already enjoying the freedom that real estate investing offers. It all started when she convinced her parents to partner with her for a flip and ignited a passion for real estate. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Amelia McGee, the co-founder of Women Investing in Real Estate (WIIRE), with her partner, Grace Gudenkauf. Amelia is an Iowa-based investor focusing on mid-term rentals with an impressive portfolio of at least 36 units. Amelia and Jonathan explore her initial interest in flipping,...
Amelia McGee is only 32, but she's already enjoying the freedom that real estate investing offers. It all started when she convinced her parents to partner with her for a flip and ignited a passion for real estate.
On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Amelia McGee, the co-founder of Women Investing in Real Estate (WIIRE), with her partner, Grace Gudenkauf. Amelia is an Iowa-based investor focusing on mid-term rentals with an impressive portfolio of at least 36 units.
Amelia and Jonathan explore her initial interest in flipping, which she credits HGTV with. After that first flip, she discovered it wasn't where she wanted to focus her investing dollars. She moved on to a triplex, and things snowballed from there. They delve into the impact of social media on creating valuable relationships in real estate, including her friendship with Grace. Social media also played a significant role in the founding of WIIRE, which began as a virtual meetup for female investors. You'll also hear how the Bigger Pockets forums helped Amelia learn more about real estate investing, why she's interested in short-term and mid-term rentals these days, what makes small towns a great place to invest, and Amelia and Grace's upcoming book with Bigger Pockets.
Amelia McGee decided she didn't want to spend her life working for someone else and saw real estate investing as a way to achieve the freedom she desired. Today, she teaches others how to do the same. This conversation is a must-listen if you want to escape the W-2 life as Amelia did.
In this episode, you will hear:
- Amelia McGee's first property flip in partnership with her parents, why it made her realize flipping wasn't for her, and how she used the profits to buy a triplex
- How the resources from Bigger Pockets helped her begin building a real estate investing career
- Amelia's introduction to her partner, Grace Gudenkauf, via Instagram
- Her advice for starting an Instagram profile that can lead to sales
- The first virtual meetup she and Grace hosted together, and how it evolved into the business it is today
- Why not having the "golden handcuffs" of a well-paying job helped propel Amelia forward in real estate
- Where she sourced money to add doors to her portfolio
- The details behind the triplex purchase and why she didn't want any of the previous owner's tenants
- The leeway local banks can give you for financing versus a larger bank
- Her partnership with her parents in buying another property when her money ran out
- Amelia's real estate education and what it taught her about finding great property deals
- The birth of WIIRE, its evolution over time, and who's in the community
- WIIRE retreats and what they offer to the women who attend
- Competition in real estate and why it doesn't have to be competitive
- The number-one characteristic of real estate investors
- Amelia's investment in short-term and mid-term rental properties and why she's moving toward short-term rentals
- Amelia and Grace's upcoming Bigger Pockets book
- Real estate doesn't have to be an all-or-nothing thing
- The freedom she experiences now versus when she did her first flip
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If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at http://www.trustgreene.com/podcast/zen/102 to download it.
Supporting Resources:
Women Invest in Real Estate - www.womeninvestinrealestate.com
Connect with Amelia McGee on Instagram - www.instagram.com/ameliajorei
Website - www.streamlined.properties
YouTube - www.youtube.com/c/JonathanGreeneRE/videos
Instagram - www.instagram.com/trustgreene
Instagram - www.instagram.com/streamlinedproperties
TikTok - www.tiktok.com/@trustgreene
Zillow - https://www.zillow.com/profile/StreamlinedReal
Bigger Pockets - www.biggerpockets.com/users/TrustGreene
Facebook - www.facebook.com/streamlinedproperties
Email - info@streamlined.properties
Episode Credits:
If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.
