Latest / The Realtor Who Wines / Women Building Wealth Through Real Estate | Investing, House Hacking & Community

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Women Building Wealth Through Real Estate | Investing, House Hacking & Community · The Realtor Who Wines

• 0:00
  Welcome to the Realtor Who Wins podcast.
• 0:02
  I'm Rashelle Newmeyer.
• 0:03
  Your hostest with the mostest a student of life, a connector, a passionate wine enthusiast and your local favorite guide.
• 0:10
  Join me as we explore the vibrant Pacific Northwest.
• 0:14
  Savor the finest wines and champion the spirit of entrepreneurship.
• 0:18
  Each episode, I'll sit down with inspiring guests, supporting business ownership and uncovering the stories that make this community unique.
• 0:25
  So grab a glass of wine, settle in, and let's embark on a journey of discovery and connection together.
• 0:30
  Cheers.
• 0:32
  Thank you so much for joining me today.
• 0:34
  I'm excited to have you on the podcast.
• 0:36
  Cheers for having us.
• 0:38
  Cheers. Yes.
• 0:40
  Okay.
• 0:41
  Drinking around the mic takes a little talent.
• 0:44
  I wasn't good at it at first.
• 0:48
  I can see where it would take some practice.
• 0:50
  Right.
• 0:50
  So far on the show, I've left it two times.
• 0:54
  Knock on wood.
• 0:54
  Okay.
• 0:55
  So, yes, I would love it if you'd introduce yourselves to everybody.
• 0:59
  Yeah. Go ahead. Okay.
• 1:01
  I'm Shale Johnson, and I'm a realtor investor.
• 1:07
  Mom. What is your title with Rio?
• 1:10
  Founder?
• 1:11
  Yeah. Co-Founder, I suppose. Yes.
• 1:14
  Yeah. Yeah.
• 1:16
  Co-Founder. Your turn. Co-Founder.
• 1:18
  Oh, yes.
• 1:19
  I am the other founder.
• 1:21
  My name is Julie Arnold.
• 1:23
  I'm also real estate agent. Broker.
• 1:25
  Jail and I are business partners in many ways.
• 1:29
  But mom, number one.
• 1:30
  And, yeah, have a whole life behind me.
• 1:35
  Right. I'm on my like.
• 1:35
  I'm on, like, my fourth life.
• 1:37
  Yeah, I think it's probably my fourth career.
• 1:40
  Yes. Yeah, absolutely.
• 1:42
  I actually I'm liking this one the best.
• 1:44
  Okay, I'll stay here.
• 1:45
  Okay. I agree. Please don't go anywhere.
• 1:45
  I know.
• 1:48
  I was like, yeah, because we are both part of this life.
• 1:50
  So I love that.
• 1:51
  Yes. Yeah.
• 1:52
  It's perfect.
• 1:53
  One reason I wanted to have you on the podcast is you two are very much like me.
• 2:00
  Where it's collaboration, not competition, for sure.
• 2:03
  And it's all about what's best for the client, what's best for the industry, what's best for everybody.
• 2:09
  And I just love that so much about you, which is where real kind of came from.
• 2:14
  Do you want to elaborate a little bit on what Rio is, what that acronym stands for, and kind of the thought behind that group?
• 2:21
  Yeah, kind of the little bit of the origin story.
• 2:24
  Yeah. Yeah, yeah.
• 2:25
  Do you mind if I go for it?
• 2:27
  Yeah. You get started and you fill in jail.
• 2:30
  And I met at our brokerage, and we quickly found out that we wanted to do some sort of investing.
• 2:38
  And we're going to a lot of groups and just found that we needed to start our own and build that space for women.
• 2:47
  And so it's called Rio, which is women real estate investors of Oregon.
• 2:51
  And how old are we now?
• 2:53
  We are about three and a half years just coming up on three and a half years.
• 2:57
  Yeah. It's been it's been really great.
• 2:59
  We currently have just over 1300 and people just over. Yes, yes.
• 3:08
  And we had an event here at this house.
• 3:09
  We're in one of our projects this morning, which was really cool.
• 3:14
  It was it was wonderful to kind of just share off we part of there's a lot of things that that our group focuses on.
• 3:22
  Our three main pillars are our education and empowerment and community.
• 3:27
  And I think coming to a real meeting, I think the community speaks for itself.
• 3:33
  It's just a phenomenal group of women that come and they're very welcoming and collaborative.
• 3:38
  As you talked about.
• 3:39
  It is definitely a core value of ours to, you know, particularly being women in a very male dominated space of real estate investing.
• 3:49
  Yes.
• 3:51
  You know, having that safe place where not only can we ask what, maybe we think our dumb questions or not only have a place where we can be new, right?
• 3:59
  And, you know, feel okay about being new, but I think my favorite part watching the collaboration is, you know, after we have our little education piece, I'll see women talking and trading phone numbers and, and getting together.
• 4:15
  Yeah. And really supporting each other.
• 4:17
  And I just it's very, very humbling to see that.
• 4:20
  I mean, I feel like we just created the space, but it's the women that show up that have really just made the community all that it is.
• 4:27
  And yeah, I'm very, very proud of that.
• 4:30
  It's my favorite night of the month for sure.
• 4:33
  It's my favorite night.
• 4:34
  I get so energized sometimes, you know, with anything you're like, oh, I'm tired tonight or something.
• 4:39
  Yeah, man, we have those meetings and it just energizes me.
• 4:43
  Yeah.
• 4:43
  And I think it does. It's very powerful.
• 4:46
  Through the whole room.
• 4:47
  You feel it.
• 4:47
  And I love that we we have monthly meetings that are held at our brokerage in person for networking.
• 4:54
  Jail's been doing an awesome job getting some virtual meetings set up.
• 4:59
  So because we do have ladies all over the state. Yeah.
• 5:02
  And then also coming doing something like this today at someone's project where we can go walk through, they can educate us on what they did.
• 5:13
  It just happened to be our project today.
• 5:14
  But we'll do what we call coffee times and just, you know, go all over the city and meet and see what other investors are doing.
• 5:21
  And it's it's really great.
• 5:21
  It's been very successful.
• 5:24
  It gives a lot of new people the chance to to ask questions.
• 5:27
  How did you do this?
• 5:27
  How did you find your contractor?
• 5:30
  What color is this paint?
• 5:32
  We had several people wanting the trim color today.
• 5:35
  You know, it's the little things I don't remember, but that's what it takes.
• 5:38
  So number nine, it's S.W.
• 5:42
  1259, whatever.
• 5:43
  You know, but it's it's it's great because it's also a safe place to talk about money. Yes.
• 5:52
  And that's such an uncomfortable topic in so many places in general in life.
• 5:57
  And, you know, I had people asking me today, you know, how much did you spend our renovation?
• 6:01
  How much are you into this project?
• 6:03
  Like, what did you pay for the home?
• 6:05
  What do you expect to make?
• 6:06
  And those are all safe questions.
• 6:09
  And they're okay to talk about.
• 6:11
  And I think that is huge, especially for women who who are diving into a field like real estate investing, where the where the dollars are large and the risk can be bigger is to really feel comfortable having those questions answered.
• 6:29
  Yeah, absolutely. Yeah.
• 6:31
  And you definitely provide a space where you can come as a true novice or as a senior.
• 6:37
  Like that's what's so amazing about it.
• 6:39
  I've thoroughly enjoyed watching it grow.
• 6:42
  I can't attend as much as I'd love to, but it's still fun when I do attend because everyone always asks like, oh, how do you know the girls?
• 6:50
  And I was like, I knew them when this was an idea, when it was just the idea. Yes.
• 6:54
  And it was like, and I've loved every second of championing you and cheering you on, even from a distance.
• 7:00
  And I send so many people as soon as if someone was like, oh, I wish I knew more about investing.
• 7:05
  Like, I know the perfect group that you should go check out.
• 7:07
  I always send them a link to the Facebook group, or then I have the calendar, of course, that I share and or the conference that you guys started doing, like the one day conference and talk a little bit about that because that's grown huge in the last three years.
• 7:23
  It has, it has.
• 7:24
  So we we call it the summit. Yes.
• 7:27
  And, you know, the first year we had it in the office and we had, I don't know, 60, 65 people or something like that in the office.
• 7:36
  I remember we had Mel Dorman come in as our keynote speaker, and we had a lender kind of talking about just credit or something, I think.
• 7:46
  I don't remember it was four speakers, right? Right.
• 7:48
  And we had it was actually Dwight Schwab was going to be our last speaker, and he had a death in the family.
• 7:55
  And I filled in and I was like, oh my gosh, I have to like, woo! Yeah.
• 7:59
  But it was just so well received.
• 8:02
  And so we've grown every year.
• 8:04
  This last, we do it as like a birthday party.
• 8:06
  So we had our first meeting in February of 2023.
• 8:10
  And so this year we kind of did it as our third birthday and we outgrew the office.
• 8:14
  So we went down and did it the Holiday Inn.
• 8:17
  And we had sponsors this year and we flew speakers in, and we had a charitable dinner the night before to support Kathy's place, which were very, very passionate about helping that cause.
• 8:28
  But it's just it's been it's just been amazing.
• 8:32
  And I think the neatest part for me is kind of like you talked about watching us grow up in this, right?
• 8:37
  Like from our first meeting with a dozen ladies.
• 8:40
  Yeah.
• 8:40
  And I was struggling with social anxiety and it's like, oh, I'm just going to ask everybody, like, how often should we meet?
• 8:46
  And they all said monthly for the same reason.
• 8:48
  Like we get busy, right?
• 8:49
  We can't most people can't make every meeting. Yeah.
• 8:52
  And so that's why we do it every month.
• 8:54
  But watching some of the people grow up, Melissa Appleton is one of them.
• 8:59
  Where she came, it was her very first real meeting, and she was just switching careers from social work to hard money lending.
• 9:05
  And then the next year she was speaking from our stage, and then the next year she was our platinum sponsor.
• 9:10
  And so as we've grown up, we've had so many colleagues and friends and collaborators growing up with us.
• 9:18
  And it's it's just a joy.
• 9:21
  Well, it's so great because you built a community that has also helped support you and your own flips and your own investing, like you've learned a lot from the group, as much as you've put into the group as well, which is so cool.
• 9:33
  Yeah, it's definitely been very humbling, right?
• 9:36
  And I think it has stretched both of us as people and who we are to continue to give to it.
• 9:43
  I mean, and I feel so natural now.
• 9:45
  It really does.
• 9:46
  I remember the first probably 6 or 7 meetings, we were like, what are we going to talk about tonight?
• 9:51
  What are we doing?
• 9:52
  Are we going to get are we supposed to be here? Right.
• 9:54
  I know, I know, and it's just it's so natural now.
• 9:58
  And it really, truly is a group of friends like today, we probably had, what, 35 or 40 people, guests come through this house, the majority of them REO members.
• 10:08
  We had a few friends, other friends or family come, but they're all friends.
• 10:13
  It's just so, so and they're so positive and they're so happy for us and what we've done.
• 10:20
  And it's so humbling.
• 10:22
  Like they're like, this is amazing, and look what you've done.
• 10:25
  And then I want to say, but you did it.
• 10:28
  Look at what you did to.
• 10:29
  And you're pushing me to do this because like, that's true.
• 10:34
  Everyone needs examples or whatever.
• 10:34
  And I need examples.
• 10:37
  But it's also being able to share, right?
• 10:41
  It's just it's amazing and humbling every single time I think about it.
• 10:46
  Yeah, yeah, yeah.
• 10:47
  There's always somebody you can put a hand up to and a hand down to.
• 10:51
  Yes. Always.
• 10:52
  Well and I love to in the Facebook group.
• 10:54
  Like if someone will post and be like has anyone ever dealt with blah blah blah and like instantly the comments are full or like, I haven't, but I know so-and-so has. Here's your number.
• 11:03
  Give her a call.
• 11:04
  She'll walk you through it like it's just I love it.
• 11:06
  It's awesome. Generosity.
• 11:07
  It's all I was going to say.
• 11:09
  We heard a term recently and I forget who told us radical, radical generosity.
• 11:15
  Oh my gosh, that's what I feel like that group is.
• 11:19
  Everybody that's part of it.
• 11:20
  And they give something and it's it's radical.
• 11:25
  Yes. Well, and as a fellow real estate agent, I also love that you too could easily be like, we're the only realtors in the group because since you created the group.
• 11:34
  But that's just not who you are as people, obviously.
• 11:36
  But there are some groups out there that are like hosted by one financial planner, so no other financial planners are allowed.
• 11:43
  But this group is like room for all.
• 11:46
  Collaborate with who you can collaborate with, support each other.
• 11:49
  And it's just yeah, it's amazing.
• 11:51
  We know we're not the realtor for everyone.
• 11:53
  Well, yeah, I mean, we can't be.
• 11:56
  We're a little crazy, you know, we're very real.
• 12:01
  You know, our I think I think the reason that our businesses together have been so successful is because our core values definitely are so aligned.
• 12:10
  But it's honesty and it's integrity and it's loyalty. So if you put us in a real estate situation, that's what we're going to fight for.
• 12:18
  Totally not going to be the well, let's just let's see what happens.
• 12:23
  Make this look.
• 12:24
  Yeah, I don't know.
• 12:25
  Some people do some things that maybe we just wouldn't make the same choice.
• 12:29
  So yeah, I guess that's a bad example.
• 12:32
  But nevertheless, Julie and I are not the personality for everyone who wants to buy or sell a home.
• 12:36
  And so especially within an environment specifically for women, I feel like when one of us wins, we all win.
• 12:44
  Definitely.
• 12:44
  And find the person in the room that you connect with, that you jive with.
• 12:48
  Because what's the other thing we heard recently?
• 12:50
  Oh, we want, we you should do business with the people that you want to do life with.
• 12:58
  Oh, yes, I love that.
• 12:59
  That's who where that came from.
• 13:01
  But we heard it somewhere and it resonated so much with both of us because, yeah, that's true.
• 13:07
  Like, it truly is.
• 13:09
  If my community wins, these are the people that I want to be around.
• 13:13
  I want to do business with them.
• 13:14
  And if my community wins, I am winning in so many other ways, not just monetarily or because I, you know, have a deal coming in.
• 13:23
  It's it's everything.
• 13:24
  And it goes into that generational factor.
• 13:28
  Like we're thinking about our boys. Yeah.
• 13:30
  And everything that we do, we have a lot of fun and we do goof off just a little bit. But but I wouldn't want to do this with anybody else.
• 13:41
  Sure, I really wouldn't.
• 13:43
  And it and it comes down to, yeah, fundamentally we have that same character.
• 13:51
  Right. And the same heart and soul.
• 13:54
  We're very different.
• 13:55
  But it's that generation behind us.
• 13:58
  It's the generation behind them, behind our boys.
• 14:01
  How are we setting up for their families?
• 14:03
  Right.
• 14:04
  And and their communities?
• 14:06
  And where are they going to live and how are they going to do it and and what you need to teach them.
• 14:11
  But I love that saying should always do do business with those people that you want to do life with.
• 14:17
  And that's true.
• 14:18
  And any given meaning that we have, there's 5 or 6 realtors and it's the example that I use, you know, if you're a realtor in the room, raise your hand.
• 14:27
  You know, we are not competing here. No.
• 14:29
  Fine.
• 14:30
  Find the realtor that works for you and let's be successful together.
• 14:34
  Yeah, totally.
• 14:36
  If you love hearing how I talk to Oregon business owners and community leaders on this podcast, just wait until you see how I work as a real estate agent.
• 14:44
  Buying, selling, relocating.
• 14:46
  I do it all.
• 14:47
  Don't do it without me. Let me help.
• 14:49
  Reach out today.
• 14:52
  Yeah.
• 14:52
  What?
• 14:53
  So you both got into real estate.
• 14:56
  Did you both separately always be, like, thinking about, like, oh, I want to do real estate investing.
• 15:03
  Even before you got into real estate, or did that kind of pop into your brain as you became a realtor?
• 15:10
  I did not know that I was investing when I was got it.
• 15:15
  And I think because I bought my first house in 2005, in Texas, when I was in college, because the dorm was too expensive for me.
• 15:26
  Oh my gosh, we were just talking about this earlier today.
• 15:28
  So my first house is bigger than the house I live in now, and I was just talking about this earlier today, bigger than the house I live in now in ten, and I bought it for $62,000, and my whole mortgage with impound account and everything was 427 bucks.
• 15:45
  Can you imagine today?
• 15:46
  No. And you're just like so.
• 15:48
  Yes, please.
• 15:49
  I'll take five.
• 15:50
  Yeah. Yes, I'll hundred percent.
• 15:53
  So what I did was got my two best friends to rent the back room.
• 15:57
  Absolutely. For 500 bucks a buck.
• 15:59
  So I was making money.
• 16:00
  I had no idea that that's like, I just did that because I was like, I need to subsidize my life here.
• 16:09
  And I was house hacking, so I just bumped along on a log during through my career path.
• 16:15
  And that's a different life, right?
• 16:17
  And met jail.
• 16:18
  And then she really flipped the switch for me.
• 16:21
  She was like, you have sacked.
• 16:23
  You've already been investing.
• 16:25
  Let's go do this.
• 16:26
  And I'm like, okay, let's go.
• 16:28
  Like, real estate is amazing.
• 16:30
  And helping people buy and sell real estate and and realize that that part of the American dream is huge.
• 16:36
  I mean, it's always going to be our most, you know, our greatest asset for long term wealth.
• 16:40
  But it's just the beginning.
• 16:43
  Owning your own home is just the beginning of creating wall through real estate.
• 16:48
  And I've owned probably 12 or 13 homes in the last 2000 years that you've lived in or that you've just purchased.
• 17:04
  Okay.
• 17:04
  Yes, probably 30 years.
• 17:06
  So I've yeah, that's a lot of money.
• 17:09
  So every 2 or 3 years, like I'm tired. I'm exhausted.
• 17:12
  I wasn't even there.
• 17:16
  I was just like packing up the kitchen.
• 17:17
  I tell you that I hate moving.
• 17:21
  Well, yeah.
• 17:22
  However it's profitable, so.
• 17:25
  Oh. It's okay. Me?
• 17:26
  Yeah. There we go. There we go.
• 17:28
  Over the years, I've just bought fixers, and so even my very first house, it was a little three bedroom, one bath in Milwaukee, Oregon.
• 17:36
  And you know, I it was like every penny I had, I was totally housebroken, but I owned it for about nine years.
• 17:43
  And I added a bath onto the back and a second walk in closet, and I made $90,000 on it when I sold it.
• 17:50
  And and at the time, it didn't cost what it does today do a math.
• 17:54
  Right.
• 17:54
  So and that was kind of my first like, holy cow.
• 17:58
  Like real estate is great.
• 17:59
  And so over the years that's been my pattern is buying a fixer upper, making it better, and then moving on and doing it with the next one.
• 18:09
  Now, had I known, I never would have sold any of those houses, but I didn't know what I didn't know, right.
• 18:14
  And then it was in 22.
• 18:16
  I ended up going through a real estate investing coaching program, and it just opened my eyes to what it looked like to not just sell the house and move on to a new one, but how financially you refinance it as a rental and then you move on to a new or you like, I just whatever it is, I didn't understand the big picture.
• 18:40
  So I've always I became a real estate agent because I knew I wanted my long term retirement strategy to be in real estate.
• 18:51
  So it was to enable that, and I was just happy to find Julie along the way.
• 18:56
  Yeah. Thanks for moving to Sherwood.
• 18:59
  You're picking the same office as me.
• 19:01
  Yeah, yeah, I love that so much that, like, YouTube found each other later in life.
• 19:08
  But your friendship is so deep that it's like you've been friends almost your whole life.
• 19:11
  It does feel like that.
• 19:14
  And we've we've, you know, communication is not our strength.
• 19:19
  I we have an assistant now, and she is the best because she understands both of us.
• 19:24
  And so she can communicate for us. Right.
• 19:27
  Which is not when we're in the room, but like, oh, by the way, Julie, or.
• 19:31
  Oh, by the way. Right.
• 19:32
  She's like that.
• 19:33
  But we, you know, Julie and I sometimes find ourselves in what I call violent agreement.
• 19:39
  Yeah.
• 19:40
  Because our communication style is so different that we're actually saying the same thing, but we think we're disagreeing.
• 19:46
  Oh, yeah. Yeah.
• 19:47
  You know, and we're both passionate because our character is strong and our values are strong.
• 19:52
  And and then we're like every once in a while and then Julie will be like jail.
• 19:57
  We're saying the same thing.
• 20:01
  We're like she's like, oh yeah, yeah, okay.
• 20:03
  She'll do that. Okay.
• 20:05
  But that's the fun of it, I guess.
• 20:08
  You know, it was hard at first, but now that we know each other, right?
• 20:12
  And that we're not like any relationship, we're not totally like criticizing or any of those things.
• 20:17
  We're just saying that. Yeah, yeah, yeah.
• 20:19
  Just like trying to.
• 20:20
  Well, you have to make as business partners, you're making like big decisions together to.
• 20:25
  That's going to affect the bottom line when you're flipping a house and things like that. Yes.
• 20:29
  So communication is key. It is.
• 20:32
  And I and I am not the I don't volunteer information clearly as often as I should.
• 20:38
  I always use the phrase say more words because like sometimes especially my feelings start saying yeah, sometimes my significant other will just say a statement like, oh, today at work, Brian walked in and then he'll just stop talking.
• 20:53
  I'm like, say more words.
• 20:53
  I don't know is that it?
• 20:55
  Was that the story?
• 20:57
  I think it was. Yeah.
• 20:58
  And then we talked about blah blah blah.
• 21:00
  But then I still don't understand like, well, what's the moral of the story?
• 21:03
  Like, what am I supposed to be?
• 21:04
  So I'm like, say even more words like, so I say that all day, every day, say more words I don't understand.
• 21:10
  But then she knows me now that like, say, we haven't talked all day and it's 4:00 and I'm driving because I'm bouncing all over town, and she'll pick up the phone and she'll be like, hi.
• 21:21
  And I'm just like, I'm downloading.
• 21:24
  Oh yeah. Yeah.
• 21:25
  And then we need like an hour, like. Yeah.
• 21:27
  And then she probably says eight things when I say 400.
• 21:32
  Right. And then I just go.
• 21:33
  Thanks for listening.
• 21:35
  Bye. And she's like, oh, I was going to ask you something, but never mind.
• 21:39
  Right. We'll cover that smarter.
• 21:42
  A lot of times I'm like, well, I'm home now.
• 21:46
  And she goes, oh, okay.
• 21:48
  Well, it's just curious if you picked up the lockbox, but never mind, I'll text you.
• 21:52
  It's so funny.
• 21:54
  It is so true.
• 21:55
  I like notoriously overcommunicate things that nobody needs to really know.
• 22:00
  And it's like.
• 22:01
  It's like the whole love language, things like.
• 22:03
  Therefore, that's what she wants in return.
• 22:05
  Yeah. And I am just not wired that way.
• 22:08
  I just function in my head and kind of do my thing and.
• 22:13
  Have you guys ever done, like, any of the assessments like Myers-Briggs or.
• 22:17
  I mean, for the years I have, but not recently.
• 22:21
  Yeah. I'm not Heidi in red. Yeah.
• 22:24
  I mean, and I'm definitely more of, like, the intuitive data kind of, you know, behind the scenes.
• 22:30
  Yeah, yeah, you're probably green.
• 22:33
  I'm probably green. Yeah.
• 22:35
  I was just asking when I was in corporate America, I had done Myers-Briggs multiple times.
• 22:39
  So there's like a second level to it, and it's all about time.
• 22:43
  And like some people, in order to feel like they're communicating, need to tell a story from the beginning to the end.
• 22:50
  And I'm more like, if you need me to help you problem solve, I need the facts.
• 22:53
  I don't have all day for this whole story.
• 22:55
  And I was a manager at the time, and some of my.
• 23:03
  Trouble.
• 23:03
  I just described both of us.
• 23:05
  Yes, I know this is why I'm bringing it up.
• 23:08
  Because I was like, oh, what you just described is what's happening.
• 23:12
  Yeah.
• 23:13
  So I learned that about myself, that some people need more time and I need to be patient.
• 23:18
  Or it was kind of nice because we did it as a department.
• 23:21
  So then I could say to her, remember my clock too?
• 23:24
  So like, I'll let you talk for 20 minutes instead of an hour.
• 23:28
  But like, you got to remember, I'm not trying to be short with you, but my brain doesn't need all the facts, right?
• 23:33
  I need to know what's wrong, and then I can help you figure out what's wrong.
• 23:37
  My, like, getting here today for this event.
• 23:40
  My story would have started yesterday at noon.
• 23:43
  Right? Yes.
• 23:45
  Yeah.
• 23:45
  Yeah. And mine would have started with.
• 23:47
  So I walked in the door. Yeah.
• 23:49
  And this is what happened.
• 23:50
  Right. Exactly.
• 23:51
  And I'd be like so Julie you need me to pick up the sign on the way.
• 23:54
  Is that, is that like how we got here. Right.
• 23:56
  Yeah. Yeah.
• 23:56
  That's so funny. No. It's good.
• 23:58
  And we've learned that about each other and.
• 24:00
  Yeah. Yeah, well, and like you said, it's any relationship, right?
• 24:02
  Whether it's a friendships and having other business partner, you got to learn each other and how to communicate.
• 24:09
  How do you to go about picking projects.
• 24:13
  Oh well we're luckily at a point that a lot of stuff gets brought to us now.
• 24:22
  I mean, I feel very thankful for that, right?
• 24:24
  Yeah.
• 24:25
  Our phones will ring or someone sends us a text, and so we will talk to each other and look at the property first just online.
• 24:34
  Is it the neighborhood?
• 24:35
  Is it a size or style we're looking at and can we take on another project.
• 24:39
  Right right right.
• 24:40
  But then we usually we'll try just to go see it.
• 24:44
  And I really think for us when we walk in and if we can see the vision, it's done right.
• 24:51
  Like we want it if we walk in and we can't really see that vision or realize, like, it just needs to much work that we're ready to take on now, or even it doesn't need enough work.
• 25:04
  Right. Well that's true.
• 25:05
  Like if it's a lipstick on a pig project, like if it's an awkward floor plan or really steep, weird stairs to take advantage of the square footage, and we can't make it feel usable and really more functionally.
• 25:20
  Yeah, we're not going to lipstick a pig and sell it.
• 25:22
  Like that's just not what we do.
• 25:22
  Yeah, yeah.
• 25:24
  So and we've gone into multiple projects recently just to look at them that didn't need enough work.
• 25:31
  I'm finding that sometimes to where it really, I guess you could say is cosmetic.
• 25:37
  But ultimately maybe the kitchen was done ten years ago or something and you're just like, there's just not a ton of margin.
• 25:46
  Yeah, yeah, yeah.
• 25:47
  So we are looking at the property first and foremost, but then the underwriting and the numbers have to work.
• 25:53
  So yeah. Yeah.
• 25:54
  How often does location play into your decision making.
• 25:57
  Is it more just about the house specifically or do you because like the house were sitting in today is in a prime location.
• 26:03
  And so that's what made me think of that question.
• 26:05
  Right.
• 26:05
  Like I wish I mean, so gorgeous much been all over Portland metro.
• 26:10
  You know, we've done Newberg is probably as far south as we've renovated, but we've done North Portland and so northeast.
• 26:20
  We were just looking at a property in northeast last week, Sellwood to Walton, Oregon City.
• 26:27
  You know, I think, you know, here in Lake Oswego, this one's done.
• 26:32
  And then we have one that will be done in less than two months.
• 26:36
  It's really, you know, if we can get a contractor there and the numbers work.
• 26:42
  Yeah. The light is amazing right now.
• 26:44
  I know it really is.
• 26:44
  The natural light in the sun came out.
• 26:47
  So, like, maybe, maybe I should buy this house, but we already own it.
• 26:51
  Let's let's at least take advantage of the lakes for the next few trades while we own it. One.
• 26:59
  Yeah, and I think we've been talking a lot at what the next like evolution of our business is, right?
• 27:06
  And we have renovated quite a few homes now and I think it we're good.
• 27:12
  We are good at it. Yeah.
• 27:13
  We have systems.
• 27:14
  You already know the partners you want to partner with, like contractors, designers, all that stuff.
• 27:19
  And so we've been talking a lot about the next evolution is us together carrying rentals for cash flow for building that equity.
• 27:30
  And it's really what has stopped us, really is just understanding the generational impact that we're creating and saying that up correctly because, for instance, like say, something happens to me, she's not going to want to necessarily be working with my son. Sure.
• 27:50
  Right.
• 27:51
  Like, you have to set up a business in a certain way.
• 27:53
  Well, and he might not want to step into it either.
• 27:56
  Right.
• 27:56
  But he doesn't necessarily even want to buy out or whatever.
• 27:59
  Like these are all the questions we still need to.
• 28:02
  And so but it's been a really fun, I think, learning process for us and talking through that next evolution because it's where we want to go.
• 28:10
  Yeah. Yep. Like it's to own those doors.
• 28:12
  It's to, you know, be able to pass on stuff to our family and.
• 28:16
  Yeah.
• 28:16
  So so we're really digging into that.
• 28:19
  Are you looking into open or owning doors and other states too.
• 28:24
  We're going to just stay local.
• 28:25
  Okay. I would love to own. Not in Oregon.
• 28:28
  Yeah I know. Tell me more.
• 28:30
  No I agree.
• 28:31
  Yeah, that's a whole nother episode for a whole nother.
• 28:34
  It is a whole series, I think. Yeah. Yes.
• 28:37
  So, yes. Looking out of state for sure.
• 28:39
  But yeah, we're just at the beginning baby steps of that.
• 28:43
  But I think before the end of the year we'll have something.
• 28:47
  That's the goal.
• 28:48
  Yeah. We'd like to identify something.
• 28:51
  And then everything snowballs in investing.
• 28:54
  And I think that's what people also have to remember is like every beginning is hard.
• 29:00
  Totally right.
• 29:01
  No matter what you're doing, whatever you're doing and it's your balls.
• 29:05
  I mean, we started when did we do Molly Sue in 20 2323?
• 29:12
  And oh man, we really struggled through that project.
• 29:14
  But now we've done double digit projects, right? Right.
• 29:17
  It just snowballed in those couple of years.
• 29:20
  And so we want to do that probably in the rental space too.
• 29:23
  And yeah, so by this year and then hopefully when you're talking to us in other three years like we own 30 properties and you know, and I'll be like, do you guys remember the first time you were on the podcast? Yeah.
• 29:35
  And you were just thinking about being about doing it?
• 29:38
  Yeah, we're putting it out until the universe. Now we are.
• 29:41
  Yeah, we're playing with it.
• 29:42
  We will own a property out of state by the end of the year. Yes.
• 29:45
  Do you know which state? Yeah. Cheers.
• 29:47
  Oh, yeah. Yeah. Cheers. Cheers. Cheers.
• 29:52
  Do you have a state in mind?
• 29:56
  Well, I am open to lots of states, and I think jail was a little bit more nervous, but Washington is very close.
• 30:04
  Oh, right. Washington is close.
• 30:06
  It would be good to get to some of the more affordable metro areas.
• 30:11
  I just want to say, I feel like you Atlanta, Kansas, Oklahoma City, you've talked about there's a lot down in Texas.
• 30:17
  I've been looking in Kansas City just because I did live there for ten years too.
• 30:21
  So I, I frequent to go back to see friends a lot and stuff.
• 30:25
  And I was like, oh, I just love to have my own place.
• 30:27
  So I'm not always like putting anybody out kind of a thing.
• 30:30
  I forgot you and I have that in common.
• 30:32
  Yeah, because that's one of the reasons why I would love to own property.
• 30:35
  There is, having lived there for three years.
• 30:37
  It's phenomenal place to live.
• 30:39
  Well, there's just so much to take.
• 30:41
  Tax deductible trips to go and visit with friends and do all the things.
• 30:46
  It's such a good city.
• 30:47
  That's really. That's cool, I love that.
• 30:49
  I'm only ever lived in Texas and California, and I don't want to do anything in those two states in my mind, but I like the tax write off trip idea.
• 31:01
  Yeah, well, we want to travel to.
• 31:04
  Okay, let's own there.
• 31:06
  Yeah.
• 31:07
  Jamaica. Yeah.
• 31:08
  Oh, but not Branson, Missouri.
• 31:08
  What's happening?
• 31:11
  Oh, right.
• 31:12
  No, but you do get more bang for your buck in the middle of America.
• 31:15
  Maybe Nashville area.
• 31:17
  You know, skirts are there.
• 31:18
  Yeah, yeah. Pigeon forge.
• 31:20
  Yeah.
• 31:21
  That would be there.
• 31:22
  So many strategies when you think rental.
• 31:25
  I mean, we haven't even.
• 31:26
  I mean, in my mind, we probably haven't communicated it, but we're thinking probably single family.
• 31:32
  Right.
• 31:32
  Right, right.
• 31:32
  But, you know, there's mobile home places.
• 31:36
  Oh my gosh.
• 31:36
  Oh, gosh. Around the whole park.
• 31:38
  Yeah yeah. That's true.
• 31:40
  I'd love that. 27.
• 31:41
  You need tornado insurance if you're going to buy in the Midwest.
• 31:43
  Yeah.
• 31:44
  For a mobile home park, that's like a beacon for the tornado.
• 31:46
  That's right. Yeah. That's true.
• 31:48
  So don't do that. But yeah.
• 31:49
  Gosh.
• 31:49
  Or you're buying those duplexes and the triplex or.
• 31:52
  I mean, there's so many strategies and we haven't.
• 31:54
  I mean, I think again it goes down to the numbers.
• 31:59
  Have to work.
• 32:00
  Well yeah.
• 32:00
  And that's why for the Kansas City example, I've been looking at duplex triplex because I want to keep one unit for me to just pop in whenever I want.
• 32:08
  Or if you wanted to go, you could use it kind of a thing, but.
• 32:12
  And then rent out the other side so it pays for itself.
• 32:14
  So yeah, you can rent the to cover the mortgage. Yeah.
• 32:17
  And then I just keep the one for myself too.
• 32:20
  Yeah. That's a goal of mine.
• 32:22
  I have a couple spots like that.
• 32:23
  I would love a place down in Anaheim, but at the same time, I don't want to own in California either, but, you know, you'd want to use it.
• 32:30
  We're Disney adults, so maybe we need to go in on a triplex together.
• 32:33
  Yeah, that would be cool because we can share the the one.
• 32:36
  Yeah. Yeah.
• 32:37
  All right. Definitely.
• 32:38
  We got we have collaboration and we're putting it.
• 32:40
  Yeah, we're putting it all out there. Yay! That's the key.
• 32:44
  Love it. Yeah, that's what I love.
• 32:46
  Yeah. My gosh.
• 32:47
  What what has been a couple like for anybody out there listening that has always wondered I kind of want to do investing, but I'm scared because it can be intimidating.
• 32:57
  Especially you don't know what.
• 32:59
  You don't know what is like a baby step that you would give them to just dip their toes in the water.
• 33:03
  That's so easy for me to answer.
• 33:05
  Joy in Rio.
• 33:06
  Get around other people.
• 33:09
  Yes, that are doing it so that it's normalized to really when other people are doing it and you realize they're successful at it.
• 33:18
  It takes the scary away.
• 33:20
  Yeah.
• 33:20
  It's not that you still don't have brave steps to take.
• 33:23
  You know, anytime we enter into a new adventure or career or, you know, investments, it's always scary.
• 33:31
  But if you're surrounding yourself with people where it's normal, it's a whole lot less scary.
• 33:38
  Yeah.
• 33:38
  And you learn the you learn the vocabulary that way.
• 33:41
  Sure. Right.
• 33:44
  I think if someone.
• 33:45
  Yeah.
• 33:46
  Once you're in that can talk intelligently and ask questions and feel more comfortable in the space for sure.
• 33:52
  It makes everything else more seem more doable. And it is.
• 33:57
  And it really is.
• 33:59
  It it is an education, right?
• 34:01
  Because there's so many moving pieces.
• 34:05
  And so it can be intimidating or scary.
• 34:08
  Like, how do I fund a project or, you know, how do I buy a rental?
• 34:12
  How do I deal with it?
• 34:13
  Or how do you make money if you're also paying a contractor and all this other stuff?
• 34:18
  Because some people assume if they're going to flip, they need to do all the work themselves or only hire out like a small project.
• 34:24
  But like you guys use a contractor for quite a bit.
• 34:26
  I would say never do the work yourself.
• 34:28
  Yeah. If you really want to make.
• 34:30
  I know that sounds counterintuitive to those of us who you know are de DIY ers and trying to do stuff, but if you really want to make a profit, never do the work yourself because nobody's time is more expensive than yours. Yes. Yep.
• 34:45
  And what you could be doing by finishing the project quickly and getting another project going, right?
• 34:52
  You could do 2 or 3 projects paying somebody and making a profit, versus trying to do it all yourself and saving your way to profit.
• 35:01
  And you can't you can't in this industry. Yeah.
• 35:03
  And and to parlay on the education piece or getting yourself in that room is to partner with somebody.
• 35:09
  That's what I would do for the the newest.
• 35:12
  Like you don't have to do it alone.
• 35:14
  You can either have someone that you're shadowing, you can do equity splits.
• 35:20
  You could be a very small PML into someone's project so you can tag along.
• 35:25
  I mean, there's there's a lot of ways that you can then collaborate and partner with someone to get that education.
• 35:32
  Yeah for sure.
• 35:33
  That's so true.
• 35:34
  One of the investors who another story that we've watched her grow since we met her through the Rio community, and she was brand new to real estate investing.
• 35:43
  And the very first thing she did is she actually loaned me$35,000 to help with down payment assistance on one of my flips.
• 35:52
  It was one that I had done without Julie.
• 35:54
  And since that time, that was like her first.
• 35:57
  But then she got to tour.
• 35:58
  She came on site, she asked questions, and now she's doing all kinds of great things.
• 36:07
  Sure.
• 36:07
  But it was an easy way to say, hey, I have a little piece, I can put some skin in the game.
• 36:12
  It gives me access.
• 36:14
  And she just followed along and now she's she's truly rocking it.
• 36:19
  And it's, it's that's how you get going.
• 36:21
  Yeah, yeah.
• 36:22
  And it goes back to that, that German proverb that every beginning is hard.
• 36:27
  That first step.
• 36:30
  Yeah. Take that first step.
• 36:31
  But that's okay. We can do hard things.
• 36:31
  We can do it.
• 36:33
  And if you can't take the first step, get a good girlfriend. That'll.
• 36:36
  Yes. Then just give you a little puppy hands.
• 36:40
  Hundred percent.
• 36:42
  Learn how to swim.
• 36:44
  Go, girl.
• 36:45
  I love it.
• 36:47
  If you're thinking about making a lifestyle upgrade, maybe wine country, acreage, grape views, or do you want to go downtown?
• 36:55
  Let's talk. Either way, I want to help you level up.
• 36:58
  Reach out now and we'll make your dreams come true.
• 37:02
  Oh my gosh. Yeah.
• 37:03
  And then, I mean, and partnering is not bad.
• 37:05
  Or collaborating.
• 37:06
  There's some people that it doesn't work out for, but you really just have to find that's where you have those conversations.
• 37:13
  You find, you make sure that you have the same goals in mind.
• 37:17
  Yeah.
• 37:18
  And you and I have both had partnerships that yeah weren't not.
• 37:23
  Yeah. Right.
• 37:24
  And they weren't the right fit. It's not anything against that person.
• 37:27
  It just wasn't.
• 37:28
  It's like you don't date, you don't marry everybody.
• 37:31
  Right? Right.
• 37:31
  It's the same thing. Totally.
• 37:34
  Yeah, yeah.
• 37:35
  You have to be able to, like, communicate and jive.
• 37:41
  Communicate.
• 37:41
  Yeah, I love that.
• 37:43
  So critical in everything.
• 37:45
  Yes, absolutely.
• 37:47
  What are besides growing the rentals?
• 37:50
  What?
• 37:50
  Is there any other goals that either one of you have on the horizon?
• 37:56
  I want to travel more.
• 37:58
  Yeah. Sorry.
• 38:00
  It's really easy to get sucked into work all the time.
• 38:02
  It really is.
• 38:03
  But I if I.
• 38:09
  This isn't your question, but yeah, if I give it to us anyway independently wealthy.
• 38:13
  Like I would just volunteer at places and that's that's the goal I'm trying to get to. Right.
• 38:20
  And with that, in real estate investing, I can see that light at the end of the tunnel where I have so much residual income coming in that I can just go volunteer.
• 38:29
  I can go all your bills are paid.
• 38:31
  I can go help my friends or I can, you know, help the bugs or whatever.
• 38:35
  I mean, shoot, we have a 12, ten food pantry collection here because we were going to have people here.
• 38:41
  Yeah.
• 38:41
  And that's my. Let's make good out of it.
• 38:43
  Let's make some good out of it and have that generosity piece.
• 38:47
  And that's how I just want to live my life.
• 38:48
  So my goal is to get there.
• 38:48
  Love it. Yeah.
• 38:52
  Yeah I have a couple of goals.
• 38:54
  One, Julie and I, I, you know, we try and get our sons involved in our projects as much as we can.
• 39:00
  Yeah. And your sons are the same age.
• 39:03
  They are. They're both sophomores. Yes.
• 39:05
  In high school.
• 39:06
  And, it's actually really cool because we'll bring them both to a job site and they'll just they'll have each other and they'll just crank through whatever dirty job we've given them for the day, which is.
• 39:17
  Yeah, but at the end of the day, they are what is motivating Julie and I to do what we do right is, is to provide options for them.
• 39:26
  And so it's really important to me as a long term goal is to make sure that Nate understands this industry.
• 39:32
  You know, if, if, if when I go there's a portfolio of real estate being left to him.
• 39:40
  I want him to understand and what know what to ins and outs in the upside down of everything.
• 39:44
  And then he can choose, you know, if that's something.
• 39:47
  I mean that's kind of the beauty of real estate is, is you can do it.
• 39:51
  Like right now he wants to fly like he wants to be an Air Force pilot.
• 39:55
  So but as an Air Force pilot owning real estate, you can do that too.
• 39:59
  You know, it's it's it's the retirement plan versus the, the IRA or the 41K and such that we were raised on.
• 40:07
  It's just a different plan.
• 40:08
  So one of my big goals is to make sure he understands that.
• 40:12
  And I think my other goal is I am a teacher at heart.
• 40:16
  And, you know, I spent time again.
• 40:19
  We talk about our past lives.
• 40:20
  I spent time teaching middle school math, and I gave it everything I had, and it still wasn't enough.
• 40:26
  Sure, it was all consuming, but my heart when I actually got to teach kids math was just the most amazing thing.
• 40:33
  So I would love to take more of my time and energy and really so into, I think, the real community and really enhance that education pillar that we have.
• 40:46
  I think the community bills itself.
• 40:48
  I think the empowerment is part of that, and I'm always trying to build up that educational piece.
• 40:54
  And if I could have more time to really, you know, just create a space for everyone in our community to, to be able to grow and learn from each other.
• 41:06
  I would like to spend more time there.
• 41:08
  And of course, you know, the planet is huge.
• 41:10
  I'm with Julie.
• 41:11
  There's so much to see and experience and understand and live and people to.
• 41:19
  It's just a fascinating world with them for sure.
• 41:23
  I love that you include the boys and what you're doing.
• 41:26
  You guys know I take Rylan to everything because I think it's important for them to also see how hard we work.
• 41:32
  Like, let's say you did hand them a real estate portfolio and they never got to see any of the dirty work behind the scenes, the long nights and long hours.
• 41:40
  They're going to appreciate it and understand it more when you do hand it over.
• 41:45
  And even at summit, it was so sweet when they, like, give you flowers and then they sings, the whole room is sobbing because the boys are like, our moms are amazing.
• 41:53
  We're like, oh my God is so beautiful. It's so funny.
• 41:56
  But when your kids appreciate you or recognize like how hard you're working, it just makes you feel.
• 42:02
  For me, it always fills my cup like, oh, not only am I teaching myself and like growing myself, but Rylan watching and I'm sure you feel the same. Yes.
• 42:12
  And they and they understand that that night that you couldn't make the baseball game right.
• 42:17
  Yeah.
• 42:17
  Understand the long term picture and you're being a good mom.
• 42:21
  Totally.
• 42:22
  And that we do try to make it to everything we can.
• 42:25
  But every now and then we have to choose work.
• 42:28
  The other day, I had to work instead of go to a choir thing, but I talked to her about it first and I was like, you know, you're still my number one priority.
• 42:36
  And she says, mommy, we're trying to get to Japan, go to the showing.
• 42:40
  And I was like, all right, girl, thanks. Yes. That's it.
• 42:43
  That's having them on your team.
• 42:43
  Love that.
• 42:45
  Yeah, yeah, yeah.
• 42:45
  She was totally fine with it.
• 42:48
  She was like, oh, good work. Yeah. Well.
• 42:49
  And she was just like, it's one quiet.
• 42:51
  She's got the cold well in it. Yeah.
• 42:51
  And it was so funny.
• 42:54
  She was I don't even have a solo at this time.
• 42:55
  So like, what's it matter?
• 42:57
  Yeah, it was so funny, but it did make me feel better.
• 43:00
  It wasn't at the showing. Like, is she looking for me?
• 43:02
  Is she sad?
• 43:03
  Does she wish I was there?
• 43:04
  But instead I was just like, nope, she's totally fine with me not being there so I could focus on what I was doing.
• 43:09
  Yeah, and focus on the goal.
• 43:10
  I mean, the first thing she says is, it's okay, mom, we have a goal.
• 43:14
  Yeah. Yeah. Right. Right.
• 43:15
  And getting them wrapped up in the dream of why we're doing what we're doing is is priceless.
• 43:21
  That's so cool.
• 43:23
  Thank you for letting us come and record here and your most recent project.
• 43:28
  I really appreciate it.
• 43:30
  For anybody that was listening.
• 43:33
  That's curious about Rio, do you want to give them an avenue on how to find you guys or how to join the group?
• 43:39
  Yeah, it's a private Facebook group, so you can reach out to either of us or me.
• 43:45
  I can always connect you.
• 43:46
  Yeah, you can find us at social media.
• 43:48
  There is a Rio Instagram page.
• 43:52
  I think it's Rio.
• 43:53
  Yep. That you could just reach out and we can then then send you the link to get in and.
• 44:00
  But yeah, always happy to have more members and people in our community on Facebook you can actually search women real estate investors of Oregon.
• 44:08
  Yeah.
• 44:08
  And the fuchsia state of Oregon pops up.
• 44:11
  Yeah.
• 44:12
  And we also have an email which is info at what is it?
• 44:20
  I think it's I don't ever email myself.
• 44:23
  I think it's Rio.
• 44:25
  Dot info at gmail.com.
• 44:27
  You're right. Well.
• 44:29
  And oh my god, oh my god. Yeah.
• 44:32
  We don't know what we're doing.
• 44:33
  Yeah. Hold on. What happened?
• 44:34
  Just called out.
• 44:36
  Just send me a jam and I'll get you in the right direction.
• 44:40
  I do want to point out that you don't have to be an Oregon to participate in the group.
• 44:44
  There is virtual opportunities.
• 44:46
  You can always come in for summit, which would be fun.
• 44:48
  But if you have a question even in your state about investing, it's a great group.
• 44:52
  So many of our members invest in other states as of course we will do so.
• 44:57
  Yeah, and it's a collaborative.
• 44:59
  Like they said, it's a private Facebook page.
• 45:01
  So it's not a fee to join, to ask your questions or anything like that.
• 45:04
  Just come ready to learn.
• 45:06
  Thank you ladies.
• 45:08
  Cheers. You. Cheers. Cheers.
• 45:11
  Cheers. Cheers I love it. Yes you can.
• 45:14
  Thank you, everyone who is listening and watching today.
• 45:17
  And I'll see you next week. Cheers.