Property Profits Real Estate Podcast
Business:Investing
What you’ll learn in just 17 minutes from today’s episode:
Resources/Links:
Summary:
Laura Alamery began in real estate in 1987 while studying in Honolulu, Hawaii. Also where she joined Dolman and Associates as an agent. She moved to Missouri after graduating in 1991, receiving her real estate Broker license in 1993 when she started her own brokerage company, Midwest Realty Corp. Her core business was flipping properties, with a management division for clients who purchased properties from her.
In 2001 she started a real estate investment club with a group of cash investors, buying and selling foreclosure properties. She quickly became very active in this sector in St. Louis, with an average turnaround of 40 buildings per year.
In this episode, Laura, who has been in the industry for decades-long, talks about reinventing her real estate business from being manually-led to an efficiently automated one. She uses tools and systems to run the day-to-day operations, thus, creating a business around her lifestyle and not the other way around.
Topics Covered:
01:22 – Transitioning to ultimate virtual online real estate investing model
03:30 – What is it about wholesaling that makes it her primary focus these days
05:02 – Reinvention has been her thing
06:16 – What is wholesaling or flipping the contract is
07:55 – Which money does she use to buy her properties
09:07 – What is a virtual online real estate investing
13:11 – Her advice to those just starting in real estate
Key Takeaways:
“One of the reasons I have thrived as a real estate investor over the years is because I always reinvented myself. If you don’t adapt yourself to the times and see what’s going on in the industry and position yourself in a competitive market, you’re going to be squeezed out of the market. That’s why it brings me here to talk about how we’re developing our systems nowadays.” – Laura Alamery
“Wholesaling is really where heavily my market is because wholesaling can be done virtually very easily. It can be automated very easily. And then from that you can still pick property if you do want to buy and hold, or fix and flip.” – Laura Alamery
“But it’s really about creating the business around your lifestyle, not the other way around. I see a lot of real estate investors struggling with this.” – Laura Alamery
“Virtual online real estate investing is about using systems and things in place where you remove the day to day operations off yourself, meaning you don’t have to text or call or send letters physically.” – Laura Alamery
“A successful real estate investor doesn’t go hunt for deals; the deals come to them. And so then I sat down and thought about my own experience. And I was like, ‘You know what, that’s right.” – Laura Alamery
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