Making Millionaires in the mountains - Short term rentals w/ Leslie Anne Morris
- E116
- 39:08
- December 13th 2022
In this episode, Steve is joined by Leslie Anne Morris in a discussion about passive investment opportunities in Smoky Mountain. Leslie Anne shares that although she worked in commercial banking with big names and awesome stuff, she was not truly fulfilled on the wealth-building side. Nagging in her mind is the idea of investing in real estate. What has been thought to be a hobby or some retirement income source scaled up quickly to a seven million portfolio resulting in her resigning from her job. Today, despite the constant guest-friendly changes Airbnb is making, she takes it on, knowing they are things that the host should be doing anyway. She is also on a mission to increase the number of women in real estate investing so they can also get wealthy on their own by creating awareness about it and then coaching and mentoring. If you want to know more about the strategies Leslie Anne utilized, tune in and enjoy!
Outline of the episode:
[00:01] Intro
[02:02] How Leslie got started in real estate and how it changed his life
[06:49] How she got into the short-term rental
[12:38] What are the biggest challenges for investors in today’s environment?
[15:48] What are some of the challenges that are affecting the market?
[19:05] Underwriting rates
[25:36] What’s your goal for empowering other women investors?
[29:35] What’s the biggest lesson you’ve learned?
[34:44] How to get in touch with Lesley.
About Leslie Anne Morris
Leslie Anne Morris is an energetic investor and entrepreneur located in Tennessee. Originally from a small town in northern California, Leslie earned her Executive Master’s in Business Administration from the University of Southern California in 2021. Leslie began to build an impressive real estate portfolio in 2019 after spending 20 years in the financial services industry.
After scaling her portfolio, Leslie created Josh’s Cabins which has its own real estate holdings and offers property management. Leslie loves working with investors seeking passive investment opportunities in the Smoky Mountains. So whether you need a consultant, real estate agent, or property manager – Leslie can help you!
Resources:
● Hawaii Millionaires Mindset Blueprint
Connect with The Cashflow Project!
● Website
● Youtube
The Cashflow Project
This is for busy professionals who are looking for financial freedom through passive income, with a focus on cashflow assets in Multifamily Real Estate. We will be covering a variety of topics such as buying, managing, and selling real estate assets, specifically apartments.
To learn more about us, visit tricityequity.com