How does a schoolteacher overcome her limiting beliefs to become a full-time syndicator?
For Julie Holly, community was key in helping her shift from anxious single-family landlord to self-assured multifamily GP.
Julie is Founder of Three Keys Investments, a multifamily firm committed to helping investors build passive income and legacy wealth. She also serves as Host of The Conscious Investor Podcast.
Julie began her career as a schoolteacher with a portfolio of single-family homes before transitioning to syndications. Today, she’s a passive investor in 300 doors, she's partnered in 68 units and GP for another 120.
On this episode of Financial Freedom with Real Estate Investing, Julie joins me to explain how Arnold Schwarzenegger launched her investing career and what she did to overcome the WHAT IF mindset that held her back early on.
Julie discusses why now is the right time to get into multifamily investing and describes how she is adjusting her underwriting to protect her LPs.
Listen in for Julie’s insight on building confidence through community and get inspired to invest in yourself as you take the next step in YOUR real estate investing journey!
Key Takeaways
How Arnold Schwarzenegger launched Julie’s investing career
- Used $10K teaching bonus to buy SFH
- Rented extra room to cover mortgage
The next steps in Julie’s real estate investing journey
- Built small residential portfolio with husband
- Transition to syndication after birth of second child
What problems syndication solved for Julie and her family
- Big loss of income with vacancy
- Use business plan to make informed decisions
How the WHAT IF mindset held Julie back
- Paralyzed by fear and scarcity
- Worried about trying to time the market
How Julie overcame her WHAT IF mindset
- Faith and education
- Build community through events, mentorship program
How a spouse can best support an aspiring syndicator
- Go to events with your partner
- Meet people in real estate community
Why now is the right time to get started with multifamily
- Sitting on sidelines = missing out
- Can invest prudently despite market shifts
How Julie is adjusting her underwriting right now
- Anticipate rising interest rates
- Conservative assumptions re: rents, exit cap rate
- Err on side of caution to protect LPs
How Julie gained the confidence to talk to investors early on
- Became passive investor herself
- ‘Confidence comes by doing’
- nvite role models into life through community
- Remember you’re not selling but serving
What’s next for Julie and Three Keys Investments
- Continue to syndicate quality multifamily deals
- Serve investors on journey to financial freedom
Julie’s advice for aspiring multifamily syndicators
- Don’t wait to take next step
- Invest in yourself
Connect with Julie Holly
The Conscious Investor Podcast
Email [email protected]
Connect with Michael Blank
Apartment Investor Network Facebook Group
Email [email protected]
Related Articles
Multifamily Syndication Structure and What You Need to Know
How to Invest in Real Estate With Partners Without the Drama
What is the Difference Between a General Partner and a Limited Partner
Resources
Learn More About Michael’s Mentoring Program
Join the Nighthawk Equity Investor Club
Access Michael’s Free Resources in the Freedom Vault
Review the Podcast on Apple Podcasts
Financial Freedom with Real Estate Investing by Michael Blank
