There’s nothing more challenging yet exciting at the same time when one gets started in multifamily investing. Some may find success too elusive, while others can easily realize multiple revenue streams once they start dipping their toes into the waters.
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In today’s episode, real estate investor Maggie Cheung shares how she successfully built a real estate portfolio at a faster pace when she was just getting started in multifamily investing. Plus, she’ll share the best tips when approaching a broker and why mentorship has played a big role in her real estate career.
Key Points From This Episode:
- How Maggie transitioned from a career in auditing to a full-time real estate investor.
- Top tips when talking to a broker.
- The difference between underwriting today from a year ago.
- The biggest challenges in her business.
- The best source for meeting investors today.
- Her best tips for passive investors.
- The metrics she uses to track her success in the industry.
- How she gives back to the community.
“Persistence, determination, never giving up… So just seeing through and just do the work, you’ll get the results.”
“I completely 100% believe in daily habits, because that’s how I was able to kind of continue doing 150 deals, underwritten 150 deals and still think that there is a result somewhere.”
“I still like to do a little bit of old-school meeting, meeting in conferences.”
“I think cashback checks are important. So that’s what we’re focused on right now..”
“The thing is, the books, podcasts, conferences, meetups only will take you so far. So I think internally we know that nobody around us was actually doing the things that we want, I want to do next.”
About Maggie Cheung
Maggie Cheung is a Managing Partner at Sage Investing Group where she specializes in passive and active real estate investing. Prior to this, she provided risk management services at The New York Times, Goldman Sachs and Morgan Stanley.
Maggie earned an accounting degree with a minor in management information systems from the University of Delaware. She is also a Certified Public Accountant (CPA) and Certified Fraud Examiner (CFE).
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