Description

Have you ever wondered how to strike the perfect balance between thriving in the real estate market, being an exceptional mother, and running successful businesses? In this insightful conversation, Cecil and Ralph sit down with the remarkable Nicole Pendergrass, a real estate investor, mentor, and founder of the "Share the Wealth" podcast. Nicole opens up about her journey into real estate, sharing practical advice on house hacking, raising capital, and the importance of deep diving into your chosen field before diversification. With a passion for empowering minorities to build, grow, and protect their wealth, Nicole's wisdom shines through as she candidly discusses juggling motherhood, maintaining a strong marriage, and embracing the grit required for entrepreneurship.

Whether you're a new parent, an aspiring entrepreneur, or simply seeking inspiration, this episode offers a treasure trove of wisdom for anyone striving to succeed in the world of business and family.

What we talk about in this episode:

[00:00 – 26:41] House Hacking and Building Wealth

• Nicole's real estate journey started with a multifamily house hack, leading to wealth-building and equity gains. She emphasizes strategic financial moves, like using retirement loans, and optimizing loan approvals.
• As a working mother and entrepreneur, Nicole faces guilt about time away from family. Balancing business growth and family dynamics, she finds motivation in her aspirations.
• Nicole's journey is shaped by her upbringing in a one-income household. Her husband supports household tasks while she builds her real estate portfolio and brand, striking a balance.

[26:42 – 47:05] Mastering Multifamily Real Estate

• Success requires consistent effort, even amid challenges and limited time, as demonstrated by Nicole's relentless pursuit of goals.
• Building relationships, sharing progress, and displaying expertise through social media and conversations attract potential partners and investors.
• Discuss investment goals, expectations, and hypothetical scenarios with potential investors before needing capital, fostering transparency and trust.
• Presenting underwritten property examples and offering the first opportunity to invest creates a sense of exclusivity, driving potential investor interest.

[47:06 – 59:49] Balancing Family and Business: Insights from an Entrepreneurial Mother

• As a new mother, prioritize your choices and values over external opinions.
• Focus deeply on one area before diversifying in business endeavors.
• Maintain alignment with your spouse's values and communicate as you both grow
• Juggle family responsibilities and multiple businesses by setting priorities and reconnecting.

Connect with Nicole!

LinkedIn: https://www.linkedin.com/in/nicole-pendergrass/

Instagram: https://www.instagram.com/nvestornikki/

Facebook: https://www.facebook.com/nvestornikki/

Connect with Cecil and Ralph!

Cecil's Instagram: https://www.instagram.com/cimifly_/?hl=en

Cecil’s LinkedIn: https://www.linkedin.com/in/cecilvwilliams

Ralph's Instagram: https://www.instagram.com/ralphdiesel/?hl=en

Ralph’s LinkedIn: https://www.linkedin.com/in/raphaelsaye/

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Please leave a REVIEW and SHARE this episode with someone who wants to start building their brand success. Listen to other episodes on Apple, Spotify, or wherever you get your podcasts!

Key Quotes

“Don't let somebody else's opinion dictate what you feel like you should do as a mother for your child." – Nicole Pendegrass

"Simplify your offer... most wealth is made when you dive deep in one avenue in one lane." – Nicole Pendegrass