088: Mastering Multifamily Real Estate Development with Barbara Isabel

Multifamily properties can be a fantastic way to find real estate wealth, but having a mentor or advisor to guide you is the secret sauce.

On this episode of Zen and the Art of Real Estate Investing, Jonathan welcomes multifamily and real estate investment specialist Barbara Isabel. Barbara is also an attorney who moved to Los Angeles, California, from Spain at 24 years old. Her father was in real estate and introduced her to the concept. Still, she didn’t take an interest in it until she moved to L.A. Today, she specializes in multifamily real estate development and teaches her clients how to build generational wealth through real estate.

Jonathan and Barbara explore her exposure to real estate at an early age and why she became an attorney instead of going directly into the family business. Barbara explains what drew her back to the industry after moving to Los Angeles, what her first deal was, and how finding her niche led to success. You’ll also hear how she began putting multifamily properties into her own portfolio, where she wants to invest in L.A. next, and what makes rental properties recession-proof. Finally, Barbara reveals her recommendations to first-time homebuyers, her future investing plans, and how providing value to clients brings continuing returns.

Mastering multifamily real estate can be the key to building your generational wealth, and Barbara Isabel’s tips can help put you on that path.

In this episode, you will hear:

Barbara Isabel’s background in real estate as she grew up as one of eight kids in Spain
Why Barbara’s father encouraged her to pursue law instead of real estate, and when she became interested in real estate
How her life in Los Angeles renewed her interest in real estate
Why asking the right questions and having support was crucial to making her first real estate deal in L.A.
The benefits of having a real estate license and finding a niche in multifamily real estate
The appeal of real estate for Barbara and the advantages she has in L.A. as a Spanish speaker
Her transition to putting multifamily properties in her own portfolio and what she’s done with them
The next areas Barbara is eyeing for deals and the types of properties she’s buying the most of
The difference between buying and selling houses and what Barbara does
The tax benefits of real estate
Why rental properties are recession-proof
What “affordable housing” means in L.A. and why you can still make money on it
The resources Barbara Isabel uses to find inventory deals
How she’s using ADUs to add even more value to her inventory
The reason Barbara recommends duplexes to first-time homebuyers as their first home
Negotiations with tenants and why they’re difficult right now
Her plans for the future and the value of having a good advisor to help you attain wealth in the long run
The continuing returns on providing value to clients

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