Why This Doctor Invests in Land, Self-Storage, and Much More with Vanessa Peters
Diversification is important so get into the space that isn’t crowded. On today’s episode, we talk with Vanessa Peters, doctor and investor, on how she got into syndications and why she focuses on portfolio diversification. Investing shouldn’t be emotional especially when it comes to hedging risk. We discuss with Vanessa why syndications ended up being the perfect investment that aligned with her goals, how to vet a syndication deal and more importantly the sponsor, the mistake she made from investing in too many deals at once, and how to decides how much of her portfolio to allocate to different asset classes. Vanessa also provides an overview of land entitlement and how it could be a profitable niche. Vanessa Peters, MD, is the founder of VMD Investing and has been investing in real estate for 12 years in single family homes, commercial retail, apartment communities, short-term rentals, self-storage, land entitlements and manufactured home parks. She has invested in over 2500 units across 15 properties and 4 funds. She is passionate about helping busy professionals build wealth through passive, income-producing real estate that provides attractive returns and a proven roadmap to financial freedom. She is the author of The Busy Professional's Guide to Passive Real Estate Investing - A physician's path to building wealth, creating financial freedom & leaving a legacy. She lives in Escondido with her husband and son and enjoys hiking, traveling and yoga. She also has a passion for aviation and has earned her Private Pilot Certificate. On today’s episode, we discuss a ton with Vanessa including: How to do your due diligence on a syndication opportunity What to expect once a syndication deal closes The importance of diversification What land entitlement is and how it fits within a portfolio The importance of patience and doing your homework when learning about a new asset class Books/Resources Mindset by Carol Dweck The Busy Professionals Guide to Passive Real Estate Investing by Vanessa Peters Best Ever Apartment Syndication Book by Joe Fairless The Miracle Morning by Hal Elrod The One Thing by Gary Keller Contact Information [email protected] https://www.vmdinvesting.com/ Are you ready to Level Up? In 2020, we overcame challenges, pivoted multiple times, and became stronger together. Now, it is time to “Level UP”, continue breaking the glass ceiling and taking our business and most importantly our life to the next level. Join the Co-Founders of The Real Estate Investher® Liz Faircloth and Andresa Guidelli and a bunch of amazing speakers LIVE on June 12th for their 2nd Annual InvestHER Summit! Learn how to turn fear into fuel, strategies to grow your Real Estate Business while you also take care of the most important person in the world…YOU! Buy your ticket today: https://www.therealestateinvesther.com/LEVELUP InvestHER Community Our mission is to support and inspire women real estate investors around the globe to live a financially free and balanced life. We are dedicated to creating empowering online and in person communities where women have a non-intimidating environment to ask questions and receive the support they need. Our vision is to see all woman investors achieve her financial freedom goals on her own terms. How To Join the InvestHER Movement 1) The Real Estate InvestHER Podcast - The weekly show details the journey of some of the most amazing women real estate investors around the world, who open up their lives and share practical and strategic tools for growing a rental portfolio, flipping houses and the mindset that allows them to run a successful investing business while taking care of their families and most importantly taking care of themselves. Subscribe via Itunes Subscribe via Android Subscribe via Stitcher 2) InvestHER Community on Facebook We have 2k+ members in our Facebook InvestHER Community (and growing!) This is a safe place for women to ask real estate investing questions and gain the support they need to achieve their goals! 3) InvestHER Meetups Around the Globe We have over 4k+ meetup members attending close to 25 InvestHER Meetups across the country and Canada. Meetups are being held monthly by experienced InvestHER Leaders! Learn more about our InvestHER leaders, meetup locations, and how to become an InvestHER Leader HERE! Follow us on: Facebook: @therealestateinvesther Instagram: @therealestateinvesther Learn more about your ad choices. Visit megaphone.fm/adchoices