EP53: From Toxic Boss to Full-Time Entrepreneurship with Rachel Richards
Hi friends! We are so pumped to have you join us this week because in this episode we are joined by Rachel Richards. Rachel is a financial advisor, turned real estate assistant, turned self-published author, and is also a thriving REI boss-babe who makes big moves in the world of syndications! Rachel is a true inspiration of what it looks like to build your business from scratch and we hope you will take away some powerful thoughts to help you also start to make some big moves in your portfolio, even if you are just starting out.
Rachel, aka, ‘Money Honey Rachel’, started out in the real estate world in fairly low-paying jobs and at one point was also an assistant to a highly toxic realtor. This person made their employees cry on a regular basis and at one point, Rachel remembers looking at herself in the mirror on a particularly bad day with this person and decided…
“This is it, I’m going to find a way to buy a rental property this year.”
Within six months, Rachel had made an offer on her first property and closed in early 2017. Looking back, she remembers talking about investing and wanting to take action on it, but just hadn’t pulled the trigger so this was exciting and highly empowering.
“I really do believe that anyone my age, at any income, can achieve financial independence.”
Rachel started out with only $10k in savings and purchased a duplex with long-term tenants as her first property. The second was a boarding house, and now Rachel focuses her time and investments primarily on syndications, which has become her absolute favorite way to invest as they truly are the ultimate passive income.
Currently, Rachel is invested in 10 syndications as an LP (Limited Partner).
To learn more about what Rachel is currently working on, you can find her over on Instagram.
Thank you so much for tuning in, we’ll see you next week!
Resources:
Visit Rachel’s website
Get Rachel’s Passive Income Starter Kit
Grab your copy of Money Honey
Grab your copy of Passive Income Aggressive Retirement
Join our Property Management Academy
Leave us a review on Apple Podcasts
Leave us a review on Spotify
Join our private Facebook Community
Connect with us on Instagram