Entrepreneurship, Education, and Evaluating Operators w/Alina Trigub
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Episode Description
Welcome to the Freedom Point Real Estate podcast! In today's episode, Jeremy Dyer and guest Alina Trigub cover maximizing tax benefits, evaluating operators, and fostering financial literacy in children.
Alina Trigub, the founder of SAMO Financial LLC, and TEDx speaker is dedicated to making a positive impact by educating and empowering individuals to build wealth for themselves and their families. Alina's professional journey includes roles as a Tax Accountant at Ernst & Young, and private accounting and Information Technology sectors, followed by a successful venture as the head of investor relations in a private equity firm before pursuing her entrepreneurial and investment aspirations full-time. As a distinguished speaker, Alina has presented at prestigious events such as the IMN conference in NYC and the Private Wealth Management Summit, and she has been recognized in major publications, such as Forbes, GoBankingRates, and MSNMoney, among others. Residing in New Jersey with her supportive husband and two amazing children, Alina epitomizes the successful integration of entrepreneurship with a fulfilling family life.
CONNECT WITH ALINA TRIGUB!
Website: https://www.samofinancial.com/
LinkedIn: https://www.linkedin.com/in/alinatrigub/
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: Evaluate Operators Wisely
Alina emphasizes the importance of scrutinizing real estate operators. She suggests assessing their experience, team dynamics, and transparency. According to her, the right operator should demonstrate a track record of learning from past mistakes and adapting their strategies accordingly. "I always have a conversation... with a partner or Partners... to get a sense of who they are personally, what they're about, and their transparency."
Tip #2: Research Market Dynamics
Before diving into a real estate investment, Alina stresses the significance of analyzing the target market. Factors such as population growth, job opportunities, and infrastructure play a crucial role in determining the market's potential for long-term success. "Look at the major employers... Someone who is going to be replaced by the next Amazon of the world or they going to be there for the next whatever 2000 years."
Tip #3: Diligently Review Investment Deals
When reviewing investment opportunities, Alina recommends examining key financial aspects such as potential rent increases, income and expense breakdowns, and expense progression. Attention to detail is crucial, as discrepancies or red flags can indicate the reliability of the investment. "I look at... what are the potential rent increases... how is the income and expense breakdown looking... certain red flags stand out immediately."
Tip #4: Prioritize Family and Personal Time
Despite her busy schedule, Alina emphasizes the importance of prioritizing family and personal time. She employs time-blocking techniques to balance her responsibilities as a business leader with her commitments to her family and community. "I always plan my work... around my family... family always comes first."
Tip #5: Foster Financial Literacy in Children
As an advocate for financial literacy, Alina encourages parents to educate their children about finances from an early age. She suggests fostering open discussions about money, sharing personal experiences, and incorporating financial education into everyday activities. "Teaching kids by your own example... explaining to kids your own mistakes and showing them what to do and what not to do."
Tip #6: Pursue Continuous Learning and Growth
For personal and professional development, Alina emphasizes the importance of continuous learning and growth. Whether through formal education, networking, or volunteering, she believes in the power of expanding one's knowledge and skills. "Being able to learn from your own mistakes... if the sponsor can do it, you know they're gold."
Tip #7: Seek Opportunities for Community Engagement
In addition to business endeavors, Alina is deeply involved in her community through volunteering and serving on boards. She encourages others to seek opportunities for community engagement, as it not only benefits society but also enriches personal fulfillment. "I love to give back to the community... it always feels great."
Tip #8: Set Clear Goals and Pursue Them Diligently
With a clear vision for her future, Alina aims to expand her real estate portfolio and continue her speaking engagements. Setting clear goals and diligently pursuing them drives her entrepreneurial spirit and motivates her to achieve success. "My goal is to add several commercial real estate projects to my portfolio... and move forward."
Tip #9: Embrace Technology for Productivity
Alina leverages technology to enhance her productivity and efficiency. Whether through time-blocking apps or communication tools, she embraces technological solutions to streamline her workflow and manage her responsibilities effectively. "I use time-blocking extensively... and make sure that I concentrate on a project."
Tip #10: Stay Committed to Personal Values and Integrity
Throughout her journey, Alina remains committed to her personal values of transparency, integrity, and family. She emphasizes the importance of staying true to oneself and upholding ethical standards in all endeavors. "Family always comes first... and also leave time for the family when they're available."
