Episode Title
42 - Sylvia and Arran - Shiny Objects, Setbacks & Strategies
Summary
In this episode of the Life by Design podcast, hosts Jessilyn and Brian welcome Sylvia and Arran, who share their journey in real estate investing. They discuss their initial experiences with fix and flips, the challenges they faced, and their transition to multifamily investments. The conversation highlights the importance of networking, coaching, and taking action in the real estate field. Sylvia and Arran emphasize the need for a strong support system and the value of learning from mistakes as they navigate their investment journey.
Chapters
00:00 Introduction to Real Estate Journeys
01:44 The Fix and Flip Experience
06:02 Transitioning to Multifamily Investments
11:04 Overcoming Financial Barriers in Multifamily
17:24 The Importance of Networking
23:26 Advice for Aspiring Investors
Contact Jessilyn and Brian Persson | Weekend Wealth Investments:
Contact Sylvia and Arran | Silver Fern Investments:
Instagram: @silverfern_rei
Email: silverfern.rei@gmail.com
Transcript
Jessilyn & Brian (00:02)
Welcome to the Life by Design podcast. Today we're excited to have two guests join us to share their journey on real estate investing. So Sylvia and her partner Arran met 12 years ago and turned to real estate to escape the nine to five. Their investing journey experienced a strong start, a few setbacks and a pause and reset. But Sylvia and Aaron persevered and are now more focused than ever. Welcome. Welcome to our podcast. Yes, welcome.
Sylvia And Arran (00:31)
Thank you for having us on. Thank you.
Jessilyn & Brian (00:33)
Yeah, so why don't you guys start off by just expanding on your little intro that we gave you. Can you tell us a little bit more about the setbacks, about the pause and where you are now?
Sylvia And Arran (00:46)
Go ahead. We got into flips and we're sort of doing that and then we came across multifamily and knowing a few other people that do it and sort of wanting to grow. It sort of seemed like the direction we wanted to go in and we still do. We went down the rabbit hole in learning and we kind of paused everything else and that's kind of where we sort of took a pause and now we've got a bit of shiny object syndrome and now we realize we've come back to our focus and now we're moving forward again.
A lot of distractions to find your path. There's so many different paths that you can go down that seem so right for us, but then you have to really focus on the main ones. You can't just go everywhere, otherwise you're not going to get anywhere, which is kind of what happened to us.
Jessilyn & Brian (01:31)
Yeah, yeah, we've been there ourselves. It took us a lot of years to sort out our particular path. And so tell us about ⁓ the fix and flips. Is that where you started in real estate? So what did what are those first few projects go like? Can you tell us some experiences around it?
Sylvia And Arran (01:43)
Yes.
The first one actually went great. Well, we had a, we could have made a lot more money, but we got it righ
