[00:00:06] Viktoriia Miracle: Hello. Hello and welcome back to happy time happy money podcast and today we are going to meet Taylor Adams and Taylor is a real estate investor, lifestyle contact creator, and podcaster from Boston, Massachusetts. To date, she has made over a half of a million dollars in revenue through real estate investing and hold 1.5 millions in assets. Taylor beliefs that having multiple source of income, especially for a women is key to living a full, free and amazing life.

[00:00:46] Hi, and welcome Taylor.

[00:00:48] Taylor Adams: Hi, thanks so much for having me.

[00:00:50] Viktoriia Miracle: I as always, I would love to hear your story and I'm sure our audience is eager to hear a story. How did you started in, how did you make lots of money with it?

[00:01:00] Taylor Adams: Yeah, so we started in real estate investing just because my husband and I needed to live close to the city.

[00:01:07] And we purchased our first, what's called a house hack, a property that you live in and rent out some of the property. And we started that and realized, wow, we can invest in properties. So it actually started by us investing out of state in Memphis, Tennessee and then locally and slowly building up our portfolio.

[00:01:27] And it was something I never knew I could do. And it was a great way to get started in kind of an easy way as strange as that sounds.

[00:01:38] Viktoriia Miracle: So per good. Well, well tell us how, how you can get started. Okay, let's say I'm like totally zero. I don't have millions of dollars. How can I start it? Like where to go? Where is it?

[00:01:53] Taylor Adams: So there's a couple different options. So it depends one on your why, why are you doing this? What are you hoping to get out of it? My biggest thing that I always recommend, if you don't really know how to get started, but you need somewhere to live is to do a house hack because it's one of the most reasonable priced ways to get into real estate investing. You could put as little down as three and a half percent on a property, or if you're a veteran you could potentially do zero down. And this is a way, very low barrier to entry to get a property. Now you live somewhere and you're making money, and you can keep your expenses down.

[00:02:31] So that's always the number one thing that I always recommend because that's how I got started. And I feel like it's a really easy way to jump into real estate investing.

[00:02:40] Viktoriia Miracle: Isn't that you need a really good credit score to start to get this type of a loan?

[00:02:46] Taylor Adams: Such a great question. So an FHA loan is a loan type that you can get for a multi-family property to do a house hack. And I believe your credit score don't quote me on this, but I think it's somewhere around 680. It needs to be, or under, so serving

[00:03:03] Viktoriia Miracle: under how is that? What's the lowest credit score? What'd you say? 680. It's like super low.

[00:03:09] Taylor Adams: Yes. So, so 680 is, is one of the credit scores that I know that you have to have, but if you have a credit score, that's lower, there's some loans and some lenders that are willing to lend on properties, you just have to find the right lending situation for you and there's plenty of lenders. They're willing to explore that option for you.

[00:03:31] Viktoriia Miracle: Super cool. And so what will be the number three mistakes that you see people making when the starting investing or wants to invest in real estate?

[00:03:44] Taylor Adams: Yeah. So the biggest mistake I see is people just waiting too long. They're trying to time the market, or they're like, oh my gosh, I don't have enough money or I have to pay down my student loans.

[00:03:55] Just get started. You're going to figure it out. The longer you wait to get started, the longer you wait to see results. Number two, analysis paralysis is a big one. So even once you've jumped in and you're excited to invest and you have the lender. You might start analyzing properties and just really overthinking things.

[00:04:15] Trust me, you are going to overthink every single property that you buy. You're going to be scared for every single property. Don't get stuck in analysis paralysis. And then number three, is not understanding your why you really have to understand why you want to do this. Like for me, it's so that I have time and money, freedom to spend with my family.

[00:04:34] And if you don't have a bigger why beyond money, it's not going to be enough when times get hard.

[00:04:41] Viktoriia Miracle: Yes, never enough money, a reason it's never enough only to get by really quickly. Okay. What is the number one advice that you can give? Well, and the more, if you have more totally give us more always up for free your advices.

[00:04:58] Isn't that amazing? It's so true. Sometimes you get to be a hundreds of thousand of dollars, and then sometimes you have Taylor here and she can give us advice for free.

[00:05:08] Taylor Adams: It's my pleasure. I would love to, I love I could talk about real estate, like, oh my gosh. All day long. Uh, so like I said before, waiting. The biggest advice that I could give is don't wait, don't wait until the right moment.

[00:05:21] There's no right moment. Just like with everything in life there's never the right moment. Quote, unquote, just get started. And the other big piece of advice I would say is to find someone who's already doing it, talk to them, pick their brains. And then invest in yourself, invest in the resources because as much as it's great to, you know, DM somebody and be like, oh my gosh, I know that you're doing amazing things.

[00:05:47] Like it's, it's taking it to that next level. If you can actually have someone dig in on your specific problem, invest in coaching, invest in the course, invest in the networking events, whatever they are just invested in yourself.

[00:06:02] Viktoriia Miracle: Beautiful advice. The last question that I ask everyone here is to filling the blank for me here in this sentence.

[00:06:10] If you really knew me, you will know that I am blank.

[00:06:16] Taylor Adams: I am so, I'm so passionate about women investing in themselves, beyond anything. I think when women are able to take their financial future into their own hands. Families are successful. They're more successful when women have that control. And I think that we learned a lot over the last year and a half or two, that it's really important to have those multiple streams of income.

[00:06:45] So I'm really passionate about. All of that.

[00:06:48] Viktoriia Miracle: Beautiful. And I know you have an amazing, amazing gift for just our, my audience. Tell us what it is and what is your best platform to find you on how to reach you?

[00:07:00] Taylor Adams: Yes, absolutely. So I will be giving your listeners 20% off of my one-on-one real estate investing, coaching.

[00:07:07] You don't even have to know where you're starting. Let's talk about it. Let's figure it out together. I want to help you get to where you want to go. So please sign up for that. I would love to help you. And then if you want to learn more about me, you can check me out on my website or on my Instagram.

[00:07:22] I'm over there providing free, worse resources all the time or on my podcast.

[00:07:28] Viktoriia Miracle: And as always, you can find all the links, links, and everything that we mentioned here and grab a code on episode page where no matter where you're watching or listening to this, just scroll down, there's going to be a link to the episode.

[00:07:42] And there you can find video, audio, transcript and all of the links that were mentioned in this episode, and don't forget to leave a review, send us feedback DM Taylor, DM me if anything, any questions and any feedback is welcomed. Thank you so much.

[00:08:01] Thank you so much, Taylor for coming and sharing and thank you everyone for listening. I'll see you tomorrow. Bye.