Are you investing in your backyard but not seeing the margins you once had? Are you interested in investing in out-of-state markets? Do you want to free up more time so that you can focus on the things that are important to you?
In today’s episode of Passion for Real Estate Investments, Virtual Wholesaling Coach, Lauren Hardy, talks to us about virtual investing. From flipping houses in her backyard, to investing in out-of-state markets, Lauren’s passion has allowed her to overcome unique challenges. Today, the mistakes she’s made have turned into teachable moments that she coaches to other investors.
From a young age, Lauren knew she was going to get in to real estate. After graduating from Cal State Fullerton’s Mihaylo College of Business and Finance, she joined the corporate real estate sector. Her perspective changed when her first daughter was born, and she set out to create her own business that would give her entrepreneurial freedom and allow her to free up time to prioritize the things that she loves. In 2012, she started investing in fix & flips in her backyard. In 2016, Lauren took the decision to diversify and move into out-of-state markets.
That’s when she found her niche.
What are the challenges when investing in out-of-state properties? How is Lauren able to run a successful business and free up her time to spend with family? What are the risks involved with virtual investing?
What are the lessons Lauren has learned from her virtual investing? She tells us what she thinks of MLS, and how she’s able to close property deals over the phone. We also get to hear how she structures her contracts, and what her philosophy is on offer pricing.
If you want to learn more about virtual investing or you want to hear how Lauren structures her day around the things that are important to her, this episode is for you.
Highlights of the Interview:
- Lauren can do anything, as long as it’s entrepreneurial, and be passionate about it.
- The systems and processes that are in place allow her to check in for only 30 minutes a week.
- In 8 years, she hasn’t put down an EMD.
- She’s able to close property deals over the phone without looking at the property.
- Her coaching business launched at the same time that Covid-19 hit.
About Lauren Hardy
Lauren Hardy is a real estate investor with a “People First” approach to business. Investing in hundreds of properties in her career, including developing spec houses in Nashville Tennessee and hundreds of flips in her other out of state markets, Lauren has the unique reputation of being a successful “virtual investor” having not lived in many of the states she’s invested in.
Lauren is a graduate of Cal State Fullerton’s Mihaylo College of Business and Finance with over 10 years experience in Real Estate. After becoming a mother she dreamed of creating a business that would give her personal and professional satisfaction, but with the flexibility to make sure she wouldn’t miss the important moments of her family life. She has only ever worked in real estate so launching her own real estate investment company made sense.
Lauren has developed a reputation in the industry for persevering in extremely competitive markets by constantly following the market changes and being flexible and willing to move market territories when needed. Lauren currently lives with her two daughters in Southern California and travels to her market territories several times a year.