Mar 13, 2023
Ready to learn how to hack the housing market, generate passive income, and build wealth through real estate investing? In this episode, Lili Thompson navigates how she transitioned from athlete to real estate investor and her strategies to generate passive income. She discloses her house-hacking journey during the pandemic, wholesaling opportunities, the BRRRR method for value-add investments, as well as commercial real estate investing and cash-out refinancing. Learn how this former athlete is leveraging her passion for real estate investing to buy back her time with passive income. Let’s dive in!
Lili Thompson is a real estate investor and Youtube influencer. She owns LiliInvests, a two-pronged venture focused on building wealth through real estate while documenting the journey along the way. She came to the real estate arena via a career in women’s basketball. From a star at Stanford University to a National Champion at Notre Dame, Lili was the 36th-ever female member of the Harlem Globetrotters and specialized in trick shots, media appearances, and publicity ventures.
[00:01 - 07:12] Opening Segment
• Lili shares her background and story
A former Stanford University basketball player and real estate investor
Active in wholesaling, flipping, Airbnb, and multi-family transactions
• How Lili started in the real estate industry
[07:13 - 13:31] From House Hacking to Wholesaling
• Why house hacking is a great way to get started in real estate investing
Why Lili decided to start a YouTube Channel and document her experience
• A huge source of private funding and equity partners for bigger deals
[13:32 - 20:20] Lili’s Journey to Success
• Exploring the benefits of the B.R.R.R. Method & Airbnb for real estate investors
Buy, Rehab, Rent, Refinance, Repeat
How can it be applied to all levels of commercial real estate?
• What allows investors to put the money back into their portfolio
[20:21 - 26:47] Maximizing Cash Flow Through “Double Dipping” Real Estate Deals
• The regulations for short-term rentals that require a license
The Airbnb model
• Optimizing operations for profitability is vital to boosting overall profitability
• Jerry Norton’s Double Dip Strategy
[26:48 - 34:38] Closing Segment
• How real estate investing gives Lili control over her future
• Why you should consider focusing on distressed properties
• Why athletes are drawn to real estate investing
Connect with Lili:
Website: LiliInvests
IG: @liliinvests
YT: Lili Invests
Resources Mentioned:
Key Quotes:
“My why has always been to generate enough passive income for myself and my family’s living expenses.” - Lili Thompson
“Be humans enjoying the chance to be on this planet without exchanging time for money so much.” - Lili Thompson
“I don’t want my income to depend on a boss or the markets. But more so just my effort and my expertise that I can develop.” - Lili Thompson
WANT TO LEARN MORE?
Connect with me through LinkedIn.
Or send me an email at sujata@luxe-cap.com
Visit my website, www.luxe-cap.com, or my YouTube channel.
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