Letting go of something successful isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, Pili Yarusi, about doing what it takes to stay focused, engaged, and on top of your life.
Pili moved out to New York from Hawaii with dreams of becoming a star in theater but ended up working as a bartender. Lucky for her, bartending is where she met her husband and future business partner. Together, they started flipping houses, which taught her not only to systematize investments but also to use her creativity in an efficient way. She and her husband later expanded into wholesaling.
Pili knew something was missing and she wanted to focus more on growing a multifamily portfolio. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She closed both businesses, got herself systematized, and went head first into multifamily.
Now this homeschool teacher/mom is sitting on $75,000,000 in real estate, totaling in at 850 units. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.
In This Episode We Cover:
- Limiting your creativity (in a good way) when doing flips and rehabs
- The 4-3-2-1 principle and waking up with A.L.O.H.A
- Identifying as the person you want to become, and letting go of less useful identities
- The right (and the wrong) way to train employees and build a team
- 506b vs 506c syndications, plus what to know if you want to start one
- And SO much more!
Links from the Show
- BiggerPockets Forums
- Clubhouse
- BiggerPockets Podcast 325: From Major Business Failure to Buying 20 Houses a Month With Aaron Amuchastegui
- Real Estate Rockstars Podcast
- InvestNext
Check the full show notes here: https://www.biggerpockets.com/show474
* This article was originally published here
