In the world of real estate investing, a background in accounting or finance can be a great asset. Our guest today proves that success in the industry can be achieved even without it.
Kaitlyn Phillips is an active real estate investor of Property Strides, rehabilitating houses in Utah with her husband. She and her husband have managed to grow their company into a full-time operation over the course of five years. In this episode, Phillips shares the story of their journey, including the challenges they faced, applying Profit First, and how they ultimately achieved success.
Whether you're just starting out in real estate investing as a side hustle or are already well-established, Kaitlyn's story is sure to inspire. Don’t miss this episode!
Key Takeaways:
[00:47] Introducing Kaitlyn Phillips and Her Background
[03:16] On Achieving Success That Allowed Her Husband to Retire and Become an Investor Full-Time
[05:36] On Implementing Profit First
[11:03] The Effect of Applying Profit First to Their Business
[15:56] On Applying the Profit First Method
[21:10] What Kaitlyn Would Do Differently if She Started Their Business Again
[23:18] Connect With Kaitlyn
Quotes:
[11:27] “It's been way easier to just be able to…log on to the bank account and be like, ‘Okay…there's enough to do that rehab, and there's enough to pay the taxes. [Profit First] just makes it really clear-cut.
[17:04] “When he dragged me to that seminar, and I listened to them speaking, I was like, ‘this makes so much sense…Why not make your money make money for you?’”
[21:44] “ Start taking action, and don't wait to know everything before you start doing things. Because…we wouldn't even be started yet if I was waiting to know everything.”
Connect with Kaitlyn
Facebook: https://www.facebook.com/kaitlyn.phillips.180
Property Strides Facebook: https://www.facebook.com/propertystrides
Tired of living deal to deal?
If you are a real estate investor or business owner who is tired of living deal to deal, and want to double your profits, head over here to book your no-obligation discovery call with me. Either myself or someone from my team will hop on a short call with you to get clear on your business goals, remove any obstacles holding you back, and map out a game plan to help you finally start keeping more of the money you work so hard to make. – David
