301. How To Profit From Mobile Home Parks With Nancy Chillag

Aug 29, 2022

Nancy Chillag retired from the practice of law in 2013 and since then has been an active real estate investor. She owns Primary Home Solutions, a company that flips houses, and 23rd Street Investors, a company that invests in multifamily housing. Nancy owns over 800 rental units, both actively and passively. She shares how she got started in real estate, how she progressed over the years, and how she successfully navigated the challenges of getting started in the industry without any personal financial assets. She provides valuable insight for anyone who is thinking of investing in real estate syndications or properties individually. She recommends checking out http://www.23rdstreetinvestors.com and her upcoming book, "No Money, No Time, No Problem: How You Can Invest In Real Estate Even If You Think You Can't!"

 

[00:01 - 03:34] Opening Segment

 

• Nancy discusses her background and how she got started in real estate

• Her experience with hard money loans

• How she was able to successfully sell her properties  

 

 

[03:35 - 20:26] How To Profit From Mobile Home Parks

• Nancy advises listeners to take risks when you have less to lose
• Utilizing student loans, living loans, and credit cards
• • She was able to buy her first property within six weeks
• Mobile home parks are different than apartment buildings in terms of infrastructure and maintenance needs
• It’s important to focus on the tax benefits rather than just the returns
• Real estate investors should be in constant communication with their CPA
• Taking advantage of all the tax breaks available to them

 

[20:27 - 24:15] Closing Segment

• Nancy advises that investing in real estate can be a powerful way to build wealth over time
• Nancy shares where you can get in contact with her (links below)

 

Quote/s:

 

“It's better to take those risks when you don't have as much to lose.” – Nancy Chillag

 

You can connect with Nancy through her: 

Website: http://www.23rdstreetinvestors.com

Facebook: Nancy Chillag

LinkedIn: Nancy Chillag

 

WANT TO LEARN MORE?

 

Connect with me through LinkedIn

 

Or send me an email at [e-mail]

 

Visit my website www.luxe-cap.com or my YouTube channel

 

Thanks for tuning in!

 

If you liked my show, LEAVE A 5-STAR REVIEW, like, and subscribe!