cover of episode 474: How this Busy Mom of Three Bought $75M of Real Estate w/ Pili Yarusi

474: How this Busy Mom of Three Bought $75M of Real Estate w/ Pili Yarusi

Publish Date: 2021/6/3
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BiggerPockets Real Estate Podcast
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Shownotes Transcript

    <p><strong>Letting go of something successful</strong> isn’t easy, but what if you know it’s costing you your dreams? Today we talk to mother, real estate agent, and massive multifamily investor, <a href="https://www.yarusiholdings.com/website"><strong>Pili Yarusi</strong></a>, about doing what it takes to <strong>stay focused, engaged, and on top of your life</strong>.</p><p>Pili moved out to New York from Hawaii with dreams of becoming a star in theater but<strong> ended up working as a bartender</strong>. Lucky for her, bartending is where she met her husband and future business partner. Together,<strong> they started </strong><a href="https://www.biggerpockets.com/blog/2013-01-27-flipping-houses-for-profit"><strong>flipping houses</strong></a>, which taught her not only to <strong>systematize investments</strong> but also to use her creativity in an efficient way. She and her husband <strong>later expanded into </strong><a href="https://www.biggerpockets.com/blog/wholesaling-lies"><strong>wholesaling</strong></a>.</p><p>Pili knew something was missing and she wanted to <strong>focus more on growing a </strong><a href="https://www.biggerpockets.com/blog/benefits-multifamily-investments"><strong>multifamily portfolio</strong></a>. With help from some mentors, she realized that the main thing holding her back was her current (and very successful) flipping and wholesaling business. She <strong>closed both businesses</strong>, got herself systematized, and went head first into multifamily.</p><p>Now this homeschool teacher/mom is sitting on <strong>$75,000,000 in real estate, totaling in at 850 units</strong>. No small number by ANY means! She gives some incredible advice on what new investors need to do before they can reach their goals of owning big portfolios.</p><p>In This Episode We Cover:</p><ul>
  • Limiting your creativity (in a good way) when doing flips and rehabs
  • The 4-3-2-1 principle and waking up with A.L.O.H.A
  • Identifying as the person you want to become, and letting go of less useful identities
  • The right (and the wrong) way to train employees and build a team
  • 506b vs 506c syndications, plus what to know if you want to start one
  • And SO much more!

    • Links from the Show

     Check the full show notes here: https://www.biggerpockets.com/show474

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