Learning the principles from single-family is a good way to start a multifamily. Multifamily has a lot of obligations at first that requires your time and effort. Always remember that real estate is a long-term game. The more you learn about its process, you’ll end up being successful. In this episode,  one of the best examples of a couple which life has completely changed by real estate investing. Today’s guest Sophie and Derek Clifford share their journey as multifamily investors, and how they solved the challenges of investing together as a couple.

What You’ll Learn From This Episode:

• Derek and Sophie’s Background and Their Real Estate Investing Career
• How Sophie and Her Family Overcame Challenges of Being Refugees in the US
• Starting Real Estate by Accident and Investing While Working Full-time
• Expanding Real Estate Portfolio by Time Blocking, Automating Your Education, Taped Reminders
• Importance of Having a Big Network and knowing the Process when Doing 1031 Exchange Out-of-State
• Challenges and Perks of a Married Couple Investing Together in Real Estate
• Significance of Shared Vision and Setting Boundaries for a Married Couple Investing in Real Estate
• Selecting a Market and Scaling Properties Out-of-State
• Refinancing and Growing Single-family Properties and Shifting Focus to Multifamily Space
• Challenges and Benefits of Rehabbing a Multifamily Property for a Cash Flowing Investment
• Solving Difficult Situations in Real Estate Investing by Having the Right Mindset
• Consistency and Taking Action to Invest Successfully

Guest Bio:
Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. In addition to being a W-2 worker, he is also the founder and CEO of Elevate Equity, a firm that partners with individuals and companies to purchase, improve, and operate cash flowing multifamily apartment real estate. Derek published his first book “Part-Time Real Estate Investing for Full-Time Professionals,” in 2019, which has helped several people get started on the path of growing their passive income on the side while working a full-time corporate job.

Sophie Clifford is a licensed and practicing integrative medicine doctor with a global wellness, epigenetics, and performance coaching practice based out of the West Coast. With her brain rooted in science and her heart and spirit and nature, she loves to help people figure out what obstacles prevent them from achieving their greatest health.

Together, Sophie and Derek host a podcast entitled “Elevate Your Equity” that is focused on helping married W-2 and 1099 professionals get on the same page with their spouses in real estate investing. Derek and Sophie invest in real estate together and believe that a strong shared vision is the path to true and sustainable investing success. Sophie is concentrated on marketing strategy and investor networking, while Derek is focused on acquisitions and asset management. Together, they have closed on over 70 units out-of-state and have migrated completely from single family rentals to mid-sized multifamily in their target markets.

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