Leaving your W2 to launch into syndication full-time can be very frightening. Some people opt to make the transition slowly, while others choose, for better or for worse, to dive straight into syndication. Neither is right or wrong. You have to find what works for you. Bethany Smith did just that. She dove head-first into syndicating, and while she does not recommend this for everybody, it allowed her to break into the industry. Bethany, and her husband Nate, are our guests on the show today and in this episode, we learn more about the couple’s real estate journey and how they used house hacking and military crash pads to start cash flowing through their investments.
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We also find out how Bethany transitioned into the syndication space and how a business partnership was the catalyst to making this happen. Having an experienced cheerleader in your corner is very helpful when things don’t work out! The couple’s business model is unique because they pair their real estate investing with offering financial services. They shed light on how this works, some of the benefits, and how they’ve used it to increase their wealth. Bethany and Nate also talk about what it takes to be in have a strong marriage and a healthy working relationship, how they’ve improved their businesses, and why the coronavirus crisis is pushing them to reach out. Be sure to tune in today!
Key Points From This Episode:
- Learn about Bethany’s diverse real estate background and how she started in syndication.
- Why Bethany decided to quit her job and pursue full-time multifamily syndication.
- Find out about military crash pads and how Nate and Bethany used it to generate income.
- Some of the valuable lessons Bethany and Nate learned which got them to their bigger deal.
- How Bethany met her current business partner and getting to her first large multifamily deal.
- Insights into World Financial Services and how it relates to Bethany and Nate’s real estate business.
- The typical WFS client, what you can use the money for, negatives, and how it pays out.
- A recent business improvement and how Bethany and Nate are reaching out with the crisis.
- How Bethany and Nate maintain a strong marriage while starting several businesses.
[bctt tweet=”Really try to niche down into groups of people that are doing what you want to do and see how you can offer value to them and get around them as much as possible. — Bethany Smith” username=”whitney_sewell”]
Links Mentioned in Today’s Episode:
About Nate & Bethany Smith
Nate and Bethany Smith have had a longtime interest in real estate investing, house hacking their first home 11 years ago with a VA loan. Nate has served 13 years in the USAF, and is currently a C-130J pilot in the California Air National Guard with a commercial aviation background. He and Bethany are currently building a World Financial Group financial services agency in Southern California and nationwide, helping their team and clients save, grow, and protect their wealth.
Bethany has a background in residential real estate sales working as the Director of Operations for one of the top sales teams in Utah, where she developed a strong interest in and passion for multifamily real estate. She transitioned at the beginning of 2019 into multifamily Investing full time. She is acting asset manager on several communities in Western markets (NV and AZ), most recently closing on a 36 unit C-class property and actively pursuing the next investment. She is passionate about transforming troubled apartment complexes into safe, stable communities for tenants and their families. She also serves on the leadership team for Multifamily Masters, an international Meetup organization focused on multifamily real estate Investing. Nate and Bethany both volunteer at the Commemorative Air Force SoCal wing, a non-profit dedicated to preserving the history of WWII aircraft for generations to come, an association of which they are very proud.
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