$400 to $2.1 Million Real Estate Portfolio with Megan Stafford

Published: Jan. 5, 2024, 7:58 a.m.

b'Investing with Taylor: www.investwithtaylor.com\\xa0\\nStessa to Manage your properties: https://stessa.sjv.io/c/2425882/1152983/14113\\nMegan Stafford shares her journey from buying her first duplex with a 203K loan to scaling her real estate portfolio to over 2 million dollars. She discusses her creative financing strategies, including partnering with investors and using HELOCs to fund subsequent deals.\\xa0\\nShe also talks about her approach to flipping properties and the value drivers she focuses on to maximize profits. Megan shares her experience of managing properties remotely and her decision to reduce her unit count to have more freedom and flexibility in her life.\\nKey Takeaways:\\nMegan started her real estate journey by purchasing a duplex with a 203K loan and has since scaled her portfolio to over 2 million dollars.\\nShe used creative financing strategies, such as partnering with investors and using HELOCs, to fund subsequent deals.\\nMegan emphasizes the importance of finding good deals and leveraging her network of real estate agents to source opportunities.\\nShe focuses on value drivers such as layout, adding bathrooms, and splitting lots to maximize profits in her flips.\\nMegan manages her properties remotely by using technology, maintaining open communication with her team, and making regular visits to ensure quality control.\\nShe is currently reducing her unit count to have more freedom and flexibility in her life.\\nQuotes:\\n"I always find the deal first. And then it\'s like a fire under my butt. I\'m like, okay, now I gotta scramble." - Megan Stafford\\n"I guess where there\'s a lot of fear, there\'s a lot of opportunity too." - Megan Stafford\\n"I value my time a lot and I want to start cutting back and like traveling more and not having to deal with that." - Megan Stafford'