Live in Flip to owning 97 units while LP in 731 units - Christina Kovacs

28/02/2024 35 min Temporada 1 Episodio 12
Live in Flip to owning 97 units while LP in 731 units - Christina Kovacs

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Episode Synopsis

Christina Kovacs shares her journey in real estate, from starting with live-in flips to building a diverse portfolio of long-term rentals, short-term rentals, and multifamily properties. She emphasizes the importance of education, networking, and getting uncomfortable to achieve success in real estate. Christina discusses the risks and challenges in the market, as well as the benefits of cost segregation studies and the potential of short-term rentals. She recommends books like 'Crushing It in Apartments' and 'Principles' and shares the most impactful lesson she learned: the danger of comfort. Christina's dream dinner guests include her grandparents, Anthony Bourdain, Oprah, and Madonna.00:00Introduction and Background01:26Getting Started in Real Estate03:25Transition to Long-Term Rentals and Short-Term Rentals04:49Balancing Real Estate with Other Occupations05:43Finding Time for Real Estate06:39The Importance of Education and Networking08:51Goals and Freedom in Real Estate10:06Building a Real Estate Portfolio11:33Understanding Risks in Real Estate12:32Underwriting and Evaluating Deals13:58The Risk of Partnering with the Wrong People15:26The Disconnect Between Sellers and Buyers in the Real Estate Market22:13Success with Short-Term Rentals25:36The Benefits of Cost Segregation Studies28:00The Importance of Networking and Getting Uncomfortable30:01Book Recommendations: Crushing It in Apartments and Principles31:27The Most Impactful Lesson: The Danger of Comfort32:26Dream Dinner Guests: Nana and Papa, Anthony Bourdain, Oprah, Madonna33:24Actionable Steps: Insurance Quotes, Researching Airbnbs, Focus on One ThingConnect with Christina Kovacs:Website: https://www.christinakovacs.com/AirBNB: https://www.airbnb.com/rooms/694932883425204921?adults=1&viralityEntryPoint=1&s=76&unique_share_id=1CC24066-1E7D-4CFE-A958-F0C8BD65FE58&_branch_match_id=1291350279466137274&_branch_referrer=H4sIAAAAAAAAA8soKSkottLXT0zKS9LLTdU3KfAqMEk09XF2TQIADl2IfhsAAAA%3D&source_impression_id=p3_1709120125_GW4Hdn3e7iDqSFmUConnect with Emeka Ogbonna:Website: Gobonnaequity.comInstagram: https://www.instagram.com/stayreadyrealestate/Podcast: https://rss.com/podcasts/stayreadyrealestate/LinkedIn: https://www.linkedin.com/in/emeka-ogbonna-481379164/