068: Building a Real Estate Investing Community with Grace Gudenkauf

Exposure to real estate investing can come in many different ways. It may be your parents becoming accidental landlords when you’re a kid. Maybe your partner listens to the BiggerPockets podcast in the car. Whatever it is, it can put you on the path to changing the trajectory of your life with real estate investing.

On this episode of Zen and the Art of Real Estate Investing, Jonathan’s guest is Grace Gudenkauf--a 25-year-old real estate investor making waves on social media. She shares how she bought her first investment property, the properties she’s focused on purchasing today, and how she finances them. Grace also explains what her community, Women Invest in Real Estate (WIIRE), does and her future plans for the community. Finally, Grace reveals some of her best secrets for creating more profit in real estate.

Grace Gudenkauf is the co-founder of Good Morning Investments as well as the co-founder of Women Invest in Real Estate (WIIRE). At just 25 years old, she has amassed an impressive property portfolio and wants to teach other female investors how to succeed in real estate investing.

Grace has taken the real estate world by storm in just two and a half years, and you won’t want to miss what she’s learned.

In this episode, you will hear:

Grace Gudenkauf’s initial interest in real estate as a kid and when she decided to jump into real estate investing herself
How she started real estate investing with a house hack, which led to investing in other properties
Why she buys most of her properties off-market, and where she sources them from
Grace’s young age, its impact on her property purchases, and what it’s like to be a female investor in a male-dominated industry
The property types she’s currently focused on and why clustering your properties can allow you to create more profit
Using a personal touch, such as handwritten letters to connect with property owners
The difficulty of switching from a DIY investor mentality to a business owner
What the WIIRE community is, why Grace started this project with her friend Amelia McGee, and how it helps its members overcome analysis paralysis
The differences between a WIIRE retreat and a conference and why retreats are better for creating relationships and connections
Lessons Grace Gudenkauf has learned from building and growing WIIRE and her future property plans
How she finances her property purchases and the nuances that come into play
What Grace believes is wrong with real estate today and what to look for in meetups

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