Transitioning from Healthcare to $168M Real Estate Success with Leslie Awasom
- E188
- 38:54
- November 7th 2024
Welcome back to The Cashflow Project! Today, we’re joined by Leslie Awasom, Co-founder of XSITE Capital Investment LLC, who shares his journey from nurse anesthetist to full-time entrepreneur. Leslie discusses the current multifamily market, his team’s acquisition strategies, and the opportunities in discounted properties. He also highlights the importance of understanding your "why," conservative underwriting, and the value of community in real estate. Tune in for valuable insights, motivation, and advice to help you take the next step toward financial freedom!
[00:00] Pursued real estate investing for work-life balance.
[06:29] Transitioning from residential to commercial real estate challenges.
[07:46] Partners enable exciting investment opportunities for immigrants.
[11:48] Creating passive income for more family time.
[15:38] Slow deal flow; stayed disciplined, focused acquisition.
[17:19] Interest rate spike creates buyer's market opportunity.
[22:17] Educating investors through meetups and underwriting classes.
[23:29] Networking community for education, income diversification, growth.
[29:39] Takes longer due to property distress issues.
[31:56] Superpower: Mentoring others to realize their potential.
[34:52] Overcome fears, network boldly, embrace opportunities.
[37:59] Meetup in Honolulu; connect and subscribe online.
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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