In this episode of Invest Anywhere, From Anywhere Podcast, our guests Tim and Anne Miller share their fascinating journey in real estate investing.
Anne, a dentist by profession, initially had reservations but soon became intrigued by the idea of passive income and the potential for financial freedom. After joining a group that invested in alternative real estate, their perspective shifted, and they discovered the benefits of being lenders instead of landlords. Utilizing their financial expertise, they focused on becoming the bank.
Throughout the conversation, Anne and Tim stress the importance of knowing and trusting the people they invest with. Thorough due diligence is key, ensuring they make informed decisions and safeguard their capital. They also discuss their strategic approach to deploying their funds, using qualified funds and cash for different types of deals to maintain diversification.
Integrity plays a crucial role in their investment philosophy. They emphasize the significance of honesty and building relationships and the power of word-of-mouth referrals within their network. Sharing their experiences, Anne and Tim highlight the need to be prepared for challenges in the real estate market, emphasizing the importance of having a diversified portfolio and being mentally prepared for potential losses.
We hope you enjoy this insightful episode with Anne and Tim Miller. Don't forget to subscribe to the InvestorComps' Invest Anywhere, From Anywhere Podcast and join the community to stay updated on the latest insights and engage in meaningful discussions.
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