Name: AirBNB Superhost Investing In Real Estate While Working At The US Department of Education
Uploaded: 2023-01-20T11:00:46+00:00
Duration: 52 min 30 s
Description: From joining the Peace corps at a young age to becoming an educator, to now becoming a real estate investor, Laura Jimenez has had her share of hardships and successes in her life. She now has a few r

1 year ago

From joining the Peace corps at a young age to becoming an educator, to now becoming a real estate investor, Laura Jimenez has had her share of hardships and successes in her life. She now has a few rentals running and is finishing a glamping site.

Join us in this interview where Laura shares her experiences, how she started investing in real estate, and what she does now. Watch until the end of the video to see what Laura thinks about the American Education System and the tax code and its incentives for investors.

Don’t Forget To Reach Out To Laura Jimenez:
LinkedIn: https://www.linkedin.com/in/jimenezlaura

Quotes -
“For any new investor out there , make sure that when you’re walking through these properties that you are doing your due diligence and all of the things you want to change, you’re getting the very clear scope of work and you’re getting a very clear sense of your budget.”

“And know that you’re gonna make mistakes along the way. But if you keep putting one foot in front of the other, you’re gonna wind up with something pretty great.”

“Education for me was so important in my journey to help pull me into the middle class. I grew up on welfare, I was the oldest child of a teen mom who eventually had a drug problem. I shouldn’t be where I’m at.

“I was actually pre-law in college… Here I am in an incredibly legal profession, so my brain is built for it and also I’m just like a rule follower.”

“I would say as a little girl, I wanted to be the Chief justice of the Supreme Court. And I think it’s because ‘Oh that person’s in charge.’ and I like being in charge. But I just that I had an innate sense of wanting to be involved in the legal system.”

“There’s no prescription for how to teach students, and that has positives and negatives. But I think that one of the positives it has is that it allows students to be exposed to lots of different styles of teaching and learning and I think that fosters a lot of creativity.”

“Kids need to be intentionally taught the difference between surviving and thriving. This is subjective for every person but I think at its core, people can reach the point where they can live the exact life that they want to live because money is not an issue. There are ways that you can create your life to be able to do that.”

Concepts
There are a lot of resources and communities online like BiggerPockets that can help you start your career in real estate.
Airbnbs can be much more profitable than long-term rentals
Real estate and taxes in real estate are regulated so having familiarity with how policies and regulations work will be a huge help when starting in real estate.
The government encourages people to invest in real estate through tax breaks given to real estate investors.
Learning the systems of the incentives and disincentives in the tax code can help in finding ways how you can benefit from them and how you can build wealth.
The tax code tends to incentivize careers and jobs that most benefit society.
Real estate comes with a huge amount of risk and many different factors may come into play making it hard to get into.
Short-term rentals are becoming increasingly more regulated due to it affecting the amount of long-term housing.
Creating and developing properties into glamping sites is complex and takes a lot of time and effort with all the requirements and policies that you need to follow.
Public servants can help you by giving you steps you can take to achieve your goals if you share your vision with them and are transparent with them on what you want.

Time Stamps
0:00 Introduction
3:50 What led you to invest in real estate?
5:15 How did you find “Financial Independence”
7:10 Your first steps on real estate
12:10 What makes you fearless and confident in taking on new things in real estate?
16:00 How does being an educator help you in real estate?
17:50 Do you like reading through policies?
20:05 Exposure to the justice system as a kid
21:20 Three positive and negative things that our school system does
26:30 How does the American Education system prepare students for work?
30:10 Key concepts and ideas to teach the younger generations in school
33:20 Is it good that the government is providing tax incentives to investors?
38:50 Showcasing your portfolio and your vision toward the future
43:50 Potential pitfalls in creating glamping sites
47:30 Challenges you faced along the way
48:40 If you had unlimited money, how would you live your life?
51:05 What is your vision for the next 12 months?