Our guests are Suzy Sevier and Michael Barnhart, an investor couple who, against all odds, went from 0 to 400 doors in just 2 short years. In this episode, we talk about how they invest entirely long-distance, how to build the right systems and processes, and how to take intelligent risks. If you want to grow your multifamily investing business fast, then this conversation is for you!
Learn more about Suzy and Michael and their journey at reiclarity.com!
“Once we found out that the entire world of real estate had gone online because of the pandemic, we knew that that was our opportunity.”
Suzy and Michael were professional athletes until the pandemic hit. Due to the lockdown, they started reading real estate books and got interested in investing. Even though they lived in the UK, they decided to invest in multifamily in Tulsa and Oklahoma City, Oklahoma. In less than 2 years, they acquired 400 doors.
Suzy and Michael share the steps they took to become successful investors.
“This whole business is about relationships. People want to be seen, heard, and understood. So if you want to create relationships with the brokers, you have to treat them like people.”
Suzy and Michael talk about how they invested in their first 88-unit multifamily in Tulsa, Oklahoma.
Suzy and Michael focus on, what they call the greatest ROI. It means return on impact rather than return on investment. They try to have an impact on their tenants’ lives but also help their investors.
As a result of their successful investing strategy, Suzy was able to leave her W2 job this year as she fully replaced her job income.
“We like to be the strategic visionaries of our company.”
At the end of the episode, Suzy and Michael pick action steps from the REI Clarity Framework that are the most valuable to them. These are “Build Your Team” and “Take the Risk”.
For Suzy and Michael, taking the risk means resisting the norms and pushing the boundaries. Even though they always heard to “invest in their backyard”, they resisted and invested outside the UK. This eventually gave them more time freedom as they didn’t have to be on the property physically. This also prompted out-of-the-box thinking and pushing their boundaries.
Mentioned in the show:
Learn how to grow your portfolio and reach incredible success the right way! Visit us here for everything you need to know: www.shineinsurance.com/reiclarity.
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Until the next time, We truly appreciate you listening.
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