For Sterling Chapman, our guest today, real estate has always fascinated him. Despite a successful corporate career, he noticed an unsettling trend, where yearly corporate reshuffling meant that even the most experienced people at his company started losing their jobs. This forced his hand and pushed him to invest in real estate as a means of securing another income and safety net for his family.
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In this episode, we learn about Sterling’s success so far. In a year and a half, he has built a portfolio of 27 homes and moving forward, he is actively pursuing syndication. We learn more about the obstacles Sterling has had to overcome thus far, how he’s managed to do it all with such a full plate, and the grit it has taken to get to where he is. He has heard far more ‘no’s’ than ‘yeses’ but that has not stopped him. In fact, it has made him more determined and been what’s ultimately contributed to his success. If it was easy, everyone would do it, and those who keep going are the ones who will reach the top. Sterling’s story is inspiring and proof to all of us that you can have and do it all. Be sure to tune in today!
Key Points From This Episode:
- Learn about Sterling’s background, his corporate career, and his current real estate niche.
- The books which have inspired Sterling to become involved in real estate investing.
- Find out the biggest hurdle’s Sterling’s had to overcome so far.
- All the different things Sterling has on his plate from a full-time job to family and 27 properties.
- Learn more about what Sterling has done to be able to segue into his first syndication.
- The markets Sterling’s looking to invest in and cultivating relationships with brokers.
- How Sterling’s prepared for the downturn, a recent business improvement, and meeting investor.
[bctt tweet=”I started going in this direction with the expectation that at some point in the future there is going to be an economic downturn and this is what I want to be doing when it happens. — Sterling Chapman” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Sterling Chapman
Sterling Chapman first became interested in real estate investing 16 years ago while pursuing his degree in Finance from Louisiana State University. After graduation, Sterling spent several years in the financial services industry, focusing primarily on retirement and insurance planning. He then pivoted his career over to telecom where he rose quickly through the ranks to Regional Director after being promoted 6 times in 6 years. While climbing the corporate ladder, he also managed to return to school and continued his Finance based education by completing his MBA at LSU Shreveport in 2017. With his recent Masters studies having solidified his commitment to finance and real estate and rekindled his entrepreneurial spirit, Sterling then devoted all of his extra time to learning everything he could about real estate investing. Within months he was buying and renting out houses, then he moved to duplexes and then quads. Sterling now owns and manages 26 rental units worth $1.5 Million. He attributes this rapid growth to creative deal-making that provides win-win scenarios for everyone involved. He has experience with private lending, value-add, cash-out refinancing, equity partnerships and more. Sterling’s next move is to expand his portfolio and project size by building strong mutually beneficial partnerships.
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