Unlock the secrets of investing in historic real estate with Jen Josey on the REIGN Podcast! In this episode, Jen sits down with experienced investor Sandi Spier to dive deep into the world of restoring historic homes and building wealth through real estate. Sandi shares her step-by-step journey of renovating a historic property in Durham, NC, revealing the challenges, surprises, and big wins along the way.
You'll learn five actionable tips for investing out of state, how to navigate financing and tax credits for historic properties, and the strategies Sandi used to transition into full-time real estate investing. Plus, discover her insights into mountain property investments, Airbnb success, and how to pivot when faced with obstacles.
Whether you're a beginner or a seasoned investor, this episode is packed with practical advice, real-life numbers, and honest conversations about real estate investing, restoration, and maximizing returns.
Timestamps:
- 00:00 – Introduction to REIGN and Today's Topic
- 01:05 – How to Invest Out of State Without Setting Foot in the Property
- 03:34 – Sandi Spier's Real Estate Journey
- 06:28 – Restoring a Historic House in Durham, NC
- 12:29 – Renovation Challenges and Surprises
- 13:58 – Financing and Tax Credits for Historic Properties
- 21:43 – Project Timeline and Outcomes
- 22:21 – Listing the Property for Sale
- 23:16 – Renting and Tax Credits
- 24:08 – Selling the Property
- 25:00 – Final Numbers Breakdown
- 27:04 – Lessons Learned
- 30:53 – Mountain Properties and Airbnb Ventures
- 34:31 – Personal Insights and Future Plans
- 41:20 – Conclusion and Farewell
Don't miss this candid conversation filled with insider tips and proven strategies for real estate success!
Sandi Spier has been investing in real estate since 2016 and working as a communications professional in the gaming and software industry since 1999 (with a plan to transition away from the desk job very soon!)
She has experience in full-gut flips, new construction, BRRRR, historic restoration in conjunction with preservation guidelines for tax benefits, as well as long-term, mid-term, and short-term rentals. Sandi also volunteers her time as Secretary on the North Carolina Real Estate Investors Association (NCREIA) board of directors, and as a subgroup leader for their Women in Real Estate (WIRE) monthly meeting.
Sandi spent much of her life in southern California before moving to Cary, NC in 2013 where she still resides with her husband, two teenagers, and two cats.
LinkedIn: https://www.linkedin.com/in/sandispier/
Facebook: https://www.facebook.com/RealEstateAdventures/
