Government Incentivizes us to be Entrepreneurial with Sharon Riddle

Mastering Multifamily Investments & Community Impact with Sharon Riddle

Join us in this insightful episode featuring Sharon Riddle, a veteran in multifamily real estate investments, as she shares her strategies for building net worth and diversifying income. Discover her journey through pivotal challenges, like the 2008 credit crunch, and the role of mentorship in her success. The discussion navigates current market hurdles, including interest rate impacts and asset management significance, while emphasizing multifamily investments as a key strategy for long-term wealth. Gain valuable insights into combining financial ventures with community service, as Sharon and our guest explore building generational wealth through passive income, effective customer service, and philanthropic initiatives. Enhance your investment approach and community impact with Sharon's expert guidance.

Bio: Over her career, Sharon Riddle has worked in companies, nonprofit organizations, and government agencies. She has provided business solutions in the areas of software upgrades and business process analyses and has conducted best business practice research for over 30 years. Sharon began investing in single-family real estate in 2005 with her husband and business partner, Dan. She took a leadership role in managing all facets of the business, including property analysis, acquisition, rehab, property management, and resale of properties. Sharon, with her business partner Dan, started the transition to multifamily real estate in 2015 through initial education and investing passively in 18 properties in Texas, Oklahoma, Colorado, Florida, and Ohio, totaling 3,507 units to date. She joined the Women’s Multifamily Mastermind in 2019, has been a personal mentoring student of Brad Sumrok since 2015, and co-founded Excalibre Investments of Texas LLC with Dan.

Connect:
http://www.excalibretexas.com/

Connect with Emma:
https://investwithemma.com
https://highrise.group
https://partnerwithrise.com/emma

00:00 Introduction and Welcome
00:11 Meet Sharon Riddle: Multifamily Expert
01:37 The Evolution of Real Estate Investing
03:26 Challenges and Strategies in Single Family Rentals
04:12 Transition to Multifamily Investments
06:12 Scaling and Diversification
07:06 The Importance of Networking and Mentorship
08:59 Navigating the Multifamily Market
12:28 Diversification and Market Insights
21:30 The Role of Masterminds and Coaches
34:12 Heartbreak and Intentions in Wealth Building
34:28 Crowdfunding in Acquisitions
35:00 Retail vs. Institutional Capital Raising
35:38 Crowdfunding and Institutional Funds
38:05 Diversification Strategies Beyond Multifamily
48:00 Tax Benefits and Cash Flow Management
53:30 Generational Wealth and Financial Education
01:02:56 Philanthropy and Community Impact
01:05:16 Conclusion and Contact Information