Learn How To Acquire Financial Independence Through Real Estate (F.I.R.E.)
Join hosts Marcus Maloney and Mike Del Prete in the latest episode of The AZREIA Show featuring special guest Tracy Royce, subgroup leader at AZREIA. This discussion covers the 'F.I.R.E movement', a perspective on how to operate your business through a sound financial lens.
Tracy gives her valuable insights into the fix and flip industry, stressing the importance of discipline, smart investing, and not succumbing to the peer pressure concept of scaling. She also throws light on her course 'Flip School', which is designed to help newbies avoid losing thousands on bad deals by teaching them how to invest wisely.
The hosts and guest also discuss the upcoming AZREIA events including the Fix and Flip Bus Tour. Join them to better understand the importance of coupling good personal finance with real estate flipping to achieve a sustainable lifestyle of financial independence.
Key Takeaways:
01:10 Introduction and Welcoming the Guest
01:35 Catching Up with Tracy Royce
01:43 Discussing the FIRE Movement
02:46 The Pressure of Scaling in Business
03:26 The Importance of Healthy Business Metrics
05:53 Aligning Business with Personal Values
09:46 Role of Financial Independence in Real Estate
10:44 Importance of Financial Literacy
11:43 FIRE Group: What, When, and Who
12:25 Importance of Personal Finance in Business
16:22 Tips for Managing Debt
19:06 Trap of Scaling in Real Estate
19:23 Challenges of Scaling a Real Estate Business
21:06 Importance of Asking 'Why' in Business Growth
22:49 Introducing Flip School: A Solution for Real Estate Education
23:56 Risks of Ignoring Proper Education in Real Estate
25:09 Value of Proper Education and Mentorship in Real Estate
25:41 Importance of Sticking to Your Numbers in Real Estate
26:58 Role of Education in Avoiding Common Real Estate Pitfalls
32:19 Benefits of Attending the Fix and Flip Bus Tour
Connect with Tracy Royce:
Instagram: https://www.instagram.com/royceofrealestate/?hl=en
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The Arizona Real Estate Investors Association provides its members the education, market information, support, and networking opportunities that will further the member’s ability to successfully invest in Real Estate.
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