Elijah Brown - How to Run a Real Estate Empire As a Digital Nomad

2023-06-21

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In this week’s episode, Terrie chats with ‘Nomad Investor’ Elijah Brown, Founder of GoldHawk Capital. With a diverse real estate portfolio encompassing over 1,000 units and valued at $150MM, Elijah explains his journey, from living in a van to raising capital and building wealth through Real Estate. The conversation revolves around two main points: respect for risk and the wisdom acquired through Elijah’s personal journey. The discussion covers the risks of solo investing, emphasizing the need for strong partners. Elijah also talks about t...

Throughout, Elilah weaves the theme of appropriate risk assessment, and why many investors fail to appreciate and respect the risks built into investment deals that may be available.

Tune in for an educational and engaging listen. Don't forget to subscribe for more!

What we learned from Elijah Brown and Terrie Schauer in this episode:

- How to find the right partner as a real estate investor through different channels (LinkedIn, conferences, and more.)

- The huge risk of being a solo investor — why having a reliable partner is the fastest way to success.

- The power of networking and the importance of having multiple income streams.

- The Nomad Investor… How did Elijah do it?

- How to start investing in Airbnb.

- The benefits of investing in multifamily properties, how to find a good syndicator, and how to do your own research.

Notable Words From The Episode:

A lot of people try to jump into this space by themselves and do everything by themselves. I was one of them, I did that, and I burned out and it was risky. The better way to do it is to go work for someone who's doing it so that you can learn all the things not to do or the things to do. -Elijah Brown

In terms of how you network or how you build a network, that's also not something that you wake up with one day, that's something that is a product of years of farming. -Terrie Schauer

One way to get onto this path is to acquire some skills. You don't necessarily have to go and do a certificate, you know, at the university or go get like pay for education, you can also get a job somewhere, learn it, and then sell that skill or find a way to make money with it in real estate. -Terrie Schauer

Figure out a way to essentially get multiple streams of income, which you're only going to be able to do through entrepreneurship, or passively investing. That is a lot less risk because if one of those streams of income gets cut, like you get fired from your job, you've got the other ones to rely on. -Elijah Brown

Timestamp:

[00:00] Podcast intro

[01:25] Elijah walks us through his life’s journey that led him to become a real estate investor.

[04:28] Elijah shares how he was able to scale his portfolio up to 1000 units.

[07:50] Terrie and Elijah talk about the power of networking and the importance of having multiple income streams.

[13:28] Elijah highlights the importance of having actual experience in doing deals.

[15:22] The nomad investor lifestyle and how it started.

[19:59] How one can start their own Airbnb and the benefits of investing in multifamily properties.

[28:33] Elijah shares the lifestyle hits he took when he started his real estate investing journey.

[32:15] What we should be talking about in the real estate industry that we're not talking about?

[38:22] Ways to connect with Elijah Brown.

[38:48] Podcast outro