Episode 44

Learn How to 'Run the Numbers' with Whitney Metcalf!

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Ep. 44 Learn How to 'Run the Numbers' with Whitney Metcalf!

In this episode of the Aid to Assets podcast, host Tiffany Watson interviews Whitney Metcalf, a real estate investor and realtor who has mastered the art of 'running the numbers' to build a successful portfolio.

Whitney shares her journey from turning her primary residence into an Airbnb to managing it remotely while working as a travel nurse. She discusses the challenges and strategies involved in property flipping, including the importance of running accurate numbers, finding the right property manager, and securing financing through private money lenders. Whitney also emphasizes the importance of location, networking, and understanding rehabilitation costs.

Don't miss out. Listen now and start learning your way to running your own numbers!

Key Takeaways

00:00:00 Aid to Assets Introduction
00:01:00 The Importance of Running Numbers
00:05:16 Managing a Property Remotely
00:07:48 Dealing with Zoning Law Change
00:13:19 Venturing into Property Flipping
00:19:47 Understanding Rehab Costs
00:21:14 Interviewing Contractors
00:25:03 Financing for Flipping
00:29:59 Teaching Real Estate Investing
00:33:25 Running the Numbers
00:37:28 Future Business Goals

Quotes

"Oftentimes when something throws our plans off, people can just throw their hands up and say, 'Oh, this must be my sign. I'm not meant to do this.' And it was like, no, the goal was still the same—to make money from this property." (00:09:04)
"Having people that have the experience that you can borrow from is not only going to make you more confident but also going to make the process a lot easier for you." (00:21:14)
"My life is good, it’s okay, but I’m not content here. I know I was meant for more." (00:35:38)

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