Lauren starts by asking why Vanessa dropped out of college. It turns out, she’d be considering it for a year, but she felt she wasn’t learning anything she couldn’t learn in the real world. Vanessa’s father had asked her to join his real estate business, and she’d finally made the decision to follow in his footsteps. Vanessa then shares her father’s story, who invested in real estate on the side while he was a police officer. Eventually, he took that side business full time. Vanessa shares more about what the GW companies do. They buy apartment buildings, renovate them, then refinance aka the BRRRR method. They raise capital to allow others to invest in real estate passively. Then, the two transition to talking about what it’s like to work with a family member. Naturally, Lauren asks about conflict resolution, and is pleased to find out that Vanessa calls her dad by his first name at work. Lauren clearly can’t picture doing the same. Vanessa points out that she can ask all the dumb questions she wants. Looking forward, Lauren asks if Vanessa wants to have kids, and what the plan would be as far as them taking over the business. She’s also curious about how Vanessa’s boyfriend feels about her working with her dad. Vanessa also shares how the conversation went with her dad when she decided to leave school and come work for him. So, does she recommend working with your parents? Obviously, yes.
If you liked this episode, you’ll also like episode 160 Turning Real Estate into More Businesses, in which Josh tells us about he and his partner Antoinette’s ventures.
About Vanessa:
Vanessa Pannozzo is the Director of Operations/Co-Owner at GW (Generational Wealth) Capital Group of Companies. GW's mission is to create the "Costco", of Real Estate Investing, with a one stop shop for investors who are looking to invest in real estate, on a passive scale. In her 3+years in the industry, Vanessa has played a key role in building GW's property management from the ground up. As a Post-Secondary "Drop Out," Vanessa shares her relatable journey, offering insights into the challenges and triumphs of working closely with family. Vanessa is all about creating a welcoming space for women in the industry to connect, invest, and succeed.
Connect with Vanessa:
https://generationalwealthcreators.ca/
https://www.instagram.com/vanessapannozzo/
https://www.linkedin.com/in/vanessa-pannozzo-20bb5623a/
Connect with Lauren:
https://twitter.com/AdultingIsEasy
https://www.realadultingiseasy.com/
https://www.instagram.com/adultingiseasyreal/
