Real Estate Investing as a Family w/Camilla Jeffs
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Episode Description
Welcome to the Freedom Point Real Estate podcast! In today's episode, Camilla Jeffs joins Jeremy Dyer to share about her family's experience in real estate and offer some tips on how you and your family can enter the real estate investing world too!
Camilla is a mom of 5, serial entrepreneur, and investment enthusiast who is dedicated to helping women make their first million. She is a general partner for a $200m real estate portfolio (Steady Stream Investments) and an investment coach for women who are looking to change their family's financial trajectory. Through her podcast (Quiet Wealth) and her financial literacy curriculum (Gen Wealth), she educates women and families on the strategies and tools they need to build generational wealth.
CONNECT WITH CAMILLA JEFFS!
Website: https://steadystreaminvestments.com/
LinkedIn: https://www.linkedin.com/in/camilla-jeffs/
Podcast: https://www.buzzsprout.com/2026997
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Starting with Tangible Assets
"Real estate is fascinating. It's how I could live and own my own place." Initiate your investment journey by diving into tangible assets, particularly real estate. Utilize owner-occupied financing for properties with rental spaces to maximize profits while minimizing initial investment, as discussed in the podcast.
Tip #2: Transitioning to Passive Investing
"Investing is risky, but losing money shouldn't be the only fear." Transition from active management to passive investing, especially in shared ownership of assets like apartment complexes. This shift offers profit sharing and reduces day-to-day management tasks, aligning with the pursuit of financial freedom.
Tip #3: Educating Children about Financial Literacy
"I've been very intentional with my own children about teaching them how money works." Introduce children to financial literacy early on by involving them in real estate ventures. These experiences cultivate practical skills and an investment-oriented mindset, laying a strong foundation for their financial futures.
Tip #4: Diversifying Across Different Risk Levels
"Investing is a game; you should have different buckets of investments." Diversify investments across varied risk levels, balancing safe, medium-risk, and high-risk assets. Understanding diversification aids in making informed investment decisions aligned with individual risk tolerances.
Tip #5: Encouraging Active Participation
"There's a lot of learning lessons that are still happening." Encourage active involvement in investment ventures, from renovation work to financial discussions. Active participation fosters practical learning experiences, enhancing overall knowledge and understanding.
Tip #6: Venturing Beyond Real Estate
"The next investment for me is investing in businesses." Explore opportunities beyond real estate, such as intelligent business investments. Diversifying into different investment avenues like business acquisitions can broaden your portfolio.
Tip #7: Setting Clear Investment Goals and Plans
"Craft a strategic roadmap for your investment journey." Establish clear investment goals and plans aligned with risk tolerance and financial objectives. Having a well-defined strategy guides informed investment decisions, as emphasized in the episode.
Tip #8: Leveraging Tax Strategies for Investment Benefits
"Leveraging smart tax strategies can provide investment benefits." Optimize returns and minimize liabilities through tax-efficient investment approaches. Understanding and using these strategies effectively can significantly impact overall financial outcomes.
Tip #9: Committing to Continuous Learning
"Staying updated with trends and refining strategies is crucial." Embrace a commitment to ongoing learning in the investment landscape. Continuously absorbing new information and refining strategies enables more informed investment decisions.
