Subscribe via:
Show Summary
In this conversation, Lindsay shares her journey as a new real estate investor, transitioning from a nursing career to entrepreneurship. She discusses the challenges faced by new investors, particularly women, and emphasizes the importance of building a supportive community and network. The conversation highlights personal growth, overcoming barriers, and the significance of authenticity in business. She also shares insights on using social media for networking and engaging with potential investors.
Resources and Links from this show:
-
Listen to the Audio Version of this Episode
Investor Fuel Show Transcript:
Lindsay Barrientos (00:00)
you don’t have to reinvent the wheel. You don’t have to come up with the newest, most functional strategy that you can back. You can just position yourself next to people that are doing the same work that are doing, that are more successful than you, that have started maybe like you 10 years ago, 20 years ago, but they are going through like the mistakes of going through the challenges, are going through likethe losses, the tenant turnover, the breaking sewage pipes on the ground, things like that. Position yourselves in rooms with other people that are doing the same kind of work that you are.
Quentin Edmonds (02:04)
Hello everyone. Welcome to the Real Estate Pros podcast. I am your host, Q Edmonds. Excited to be here today. You know what I say, I love when I get the chance to talk to people to see their unique perspective. And this investor here, she wants the new investor to know she relates to you. Like she relates to you. If you’re a new investor, you kind of start starting your journey and immediate on your journey, she relates to where you are. so,I cannot wait to just hear a perspective about her journey to where she is now. And so I’m going to introduce you all to Ms. Lindsay. Ms. Lindsay, how you doing today,
Lindsay Barrientos (02:40)
Hi, so happy to be here. Thank you for inviting me.Quentin Edmonds (02:43)
Absolutely.So glad that you are here. And listen, I kind of want to dive in. I want you to take us into your world. Tell us what your main focus is these days. If you want to give us a little bit of an origin story about how you got into real estate, we love origin stories. And then tell us what markets you operate in. And so, Ms. Lindsay, you have to go now.
Lindsay Barrientos (03:03)
Awesome. So I actually live in Los Angeles and I invest in Indiana. And a little bit of my origin story was I was a nurse working, you know, hospital jobs, 12 hour shifts, 60 hours a week kind of thing. And I thought like me being first gen immigrant going to college and like doing that W-2 job and have like that stable, secure W-2 that doesn’t go away, right? And healthcare, you’re never going to be out of without a job. Like that was the way for me to go. And then actuallyinvesting was kind of like a side thing for me because I wasn’t interested in investing through the fire community. So was doing like the 401k, the raw diary, making sure that you’re putting money aside from your retirement. But wasn’t until COVID that I became a front ⁓ line worker that I immediately started hating nursing as a whole.
because of all the devastation that I saw day after day, I actually became quite depressed. through therapy and medication, I was able to dig myself out of a hole and look for solutions. But just being a nurse for 10 years, I didn’t know what else to do. So I started looking at ways of how to grow a business, open a business, or invest in other things that would get me away from nursing sooner rather than later.
You know, I went on Google and I was like, how do I make money? And then real estate came up and I was like, okay, well, let me, let me see what’s this real estate about. I, at the time I had owned my primary residence in Los Angeles and I was technically renting out rooms to traveling nurses already. So I was just like, I’m kind of doing real estate. Let me find out what else I can do. So I look at my backyard and in Los Angeles for me, I had to come up, cough up like $200,000 for me to buy another home.
And then that wouldn’t even cashflow when I would do that, right? So I asked her, what do people do when they live in high cost of living areas like myself? And then, so I found out that people do invest out of state. And I looked at the Midwest area and I was like, you can buy houses for 200K. Like, what is that? What is that? just, know, in LA you’re like, there’s no way.
Anyways, I started looking at markets. So was like, how do you choose a market? What are the indicators? What are the things? And that’s why I’m saying that I relate more to the newer investors because my first investment property was purchased in 2022. What interest rates had taken a turn. And actually my first interest rate was 6.1 when I purchased my first investment opportunity.
But the opportunity came out to be by following people online.
So I started watching more YouTube. started getting engaged with like people that were trying to invest out of state as well, like myself. So I found other smaller creators that were able to give me their time for free and being completely transparent with their investments. because I am first gen and I am a migrant, I don’t have a lot of role models in my circle that have real estate, that have wealth, that even know how to create wealth. So I had to kind of outsource.
through social media, through following, through like any kind of source that I could give, like obviously books too, like Real State Bigger Pockets and all of those things. But more like before I knew networking was a thing, I was kind of networking with people online and different states as well.
Quentin Edmonds (07:09)
What an amazing story. mean, what an amazing story. Like, thank you for being curious, right? Thank you for being curious, one, about yourself, just like with your mental health, being curious, figuring out what was going on there, seeking help, getting help, being better, stronger. Thank you for being curious about, know, I need to, know, let me look on Google and see how I can figure some things out, you know, and being curious about, you could actually invest in the Midwest, like.So thank you for being curious because without your journey, I don’t think you and I would be having this conversation today. And so thanks for being curious because of your curiosity, you’re adding value to the show. So I truly sincerely say thanks for being curious. I do want to ask you, I’m going to ask this question two ways. I mean one way, I would love for you to answer it two ways. Well, I guess I’m answering it two ways. Anyway, let me ask a question. I would like to pick your brain about strategies because it sounds like you’ve had some strategies that you put into play.
Now that you have some properties, I would love to know some strategies that help you be successful in a business tip and can help you continue to be successful in the business tip. But I also would love to know some personal strategies that you’ve put into place that continue to keep you encouraged, motivate you, keep you, know, with your eye on the prize. You know, I know some people do gym, some people do meditation. So I would love to know some business strategies and some personal strategies that you know are core strategies that’s helping you along the way.
Lindsay Barrientos (08:34)
Okay. Yeah, so business per se, this is something that this year I concentrated very much so on, is thatyou don’t have to reinvent the wheel. You don’t have to come up with the newest, most functional strategy that you can back. You can just position yourself next to people that are doing the same work that are doing, that are more successful than you, that have started maybe like you 10 years ago, 20 years ago, but they are going through like the mistakes of going through the challenges, are going through like
the losses, the tenant turnover, the breaking sewage pipes on the ground, things like that. Position yourselves in rooms with other people that are doing the same kind of work that you are.
The people look for mentors that are people that is where you want to be, right? Who you want to be, engineers, you need to find a person and be of some kind of asset to them, provide some kind of help, even if it’s just like,
taking them to lunch for, you know, a meal, even if it’s volunteering in their community for like an hour or two, like things like that are appreciated and then they can see the value in you and you can get value from them as well. Another business strategy would be social media. You need to use social media regardless of where you are, even if you’re
Quentin Edmonds (09:40)
Yeah.Lindsay Barrientos (09:48)
introverted, even if you’re ashamed, even if you have imposter syndrome, you need to get over that hump and start using social media and start reaching out to as many people as you know, because deals come by proximity. Yes, there’s a lot of things that you can get through generation of leads as well as like Mellors and all that marketing and all those things. But the better deals that I had by proximity. So tell everybody that you invest in crystal, tell everybody, even if you don’t have any houses, I’m going to be a master. I’m going to startinvesting. you know anybody, let me know. That’s your business. For personal, I am, I believe it comes from like immigrant mentality. Like you, if you’re not working, you’re kind of wasting time. And so for me, discipline comes ⁓ easily, I would say. I don’t have to have my ⁓ every day kind of remind me because I already know that I’m like setting myself forward every single day.
But one thing that I do want to do more so personally is like writing things ⁓ monthly instead of like having a big picture goal, like being extremely specific ⁓ in so you can execute your goals like more often than not. And I think that is something personal. Yeah.
Quentin Edmonds (11:38)
Absolutely, you know, love you. Thank love it. Thank you for that So, I know you said you wanted to write a little bit more kind of just like monthly and different things like that Do you read books? Are you are you are you a reader? Yeah Yep. Have you heard of the book atomic habits?Lindsay Barrientos (11:50)
I’m a leader.Yes, I have. OK. Yeah, I have read it and I have OK, I’m of that I have it as well. yeah, make it, you know, make it, make it thing of all I understand.
Quentin Edmonds (11:55)
Okay, have you ready?Yes, ma’am. Yeah. Yeah. Yeah. So perfect. Because when you said that, it made me think of that book, that book has helped me like tremendously or whatever. And so, yeah. So you already know it. Absolutely. I love it. ⁓ Let me ask you this. Have you faced any adversity as you was growing, as you was building, as you was like changing your identity since you read Atomic Habits, right? It sounds like you being curious. You have really changed your whole identity, you know, to be like a wealth and abundance grabber now. So
Have, as you was growing, have you faced any adversity with, you know, getting into real estate and watch real estate really start working for you?
Lindsay Barrientos (12:41)
Yeah, I think the biggest adversity I am will not I wouldn’t say the biggest but like I guess the most apparent I am female and people don’t take me as serious as like a man like I had contractors in my own home tell me like I’m not going to sign a contract with you unless your husband is home. And I there’s no husband right? That’s me. I’m the homeowner. So that is like the the first thing that is just like a barrier that I have to like kind of like deal with and not the today basis.whatsoever ⁓ and other investors. It’s a very male dominant field, right? Like in conference and any meetups that you go to, it’s basically that. ⁓ That was just the apparent. I think the biggest, it’s me, myself, and I, like me thinking.
I wouldn’t even call myself an investor up until I had eight properties. And I was like, I guess I’m an investor. So then Foster syndrome was deeply rooted in myself. So I think that my mind is the thing that I have to dominate, that be able to be malleable and be able to adapt, be able to change, I’d be able to strategize and then grow, right? Because we all want to grow, we all want to scale. And so that my biggest adversary is me.
Quentin Edmonds (13:56)
Yeah. I love that. mean, thank you again for you for now. I was thinking of being curious. Thank you for being so self aware. Like knowing like, you know, that imposter syndrome, like speaking to that thing, telling that thing, listen, calm down. We belong to be here. You was an investor at two properties, you know, you was invested at three properties. So you definitely the investor. And I just, again, just thank you for putting in your work in for your journey. Because again,You and I would not be having this conversation. I believe in that you did all that work that you’ve done on yourself. And so I really appreciate that. let me ask you, what is your next goal? What are you looking to solve or scale next? What’s next for you?
Lindsay Barrientos (14:33)
Yeah. So I have a podcast that I teach other women to invest in real estate. And I think the reason why I got into real estate is because I was next to people that were also having so much success online on YouTube, Instagram, on Facebook, and they were sharing the numbers and being transparent with every single deal. And I’m a numbers person, right? If I don’t see it in a contract, then I didn’t happen. So I share like extreme details about my portfolio.how when I went from birth, how I lost on birth, or gained on birth, and how I structured cellophane and steels, and all of those things with the malnumbers, because if I attracted another person that’s my target audience is female, immigrant, first generation. So if I’m able to entice somebody up,
some other woman to take account of the financial security, financial stability, financial journey through real estate and better themselves for retirement whenever they decide to retire, then that would be my ideal goal with my sharing of information.
Quentin Edmonds (16:22)
So again, well not again, but it’s it’s really a pleasure talking to you because it sounds like you really just want to empower other people. It’s like, you’ve done the work. So I’ll say some people are pathfinders, some people are trailblazers. And so it sounds like when you was curious, you found other people along the path, bigger pockets, Google, these different things. But then you started, now you’re trailblazing because you are putting yourself out there for people to find your path, for you to educate people, for you toshow people, we can do this a better way and empower people. And so it sounds like to me that you might’ve found the path, but now you’re really trailblazing. Did that sound about right?
Lindsay Barrientos (17:01)
Yeah, I mean, I will hope so. I could call myself a traitor. Again, imposter syndrome.Quentin Edmonds (17:05)
I was about to say, Mr. Ness, exactly. I was about to say, we ain’t talking about imposter syndrome. Yeah. We talk about what you’re actually doing. think, you you’re a numbers person, you’re analytical person. So let’s look at the data. Let’s look at what you’ve done in your life. Let’s look at where you are. Let’s look at the opportunities that you are creating. That’s not imposter, that’s identity. You are who you are. You know what saying? Like you said, you don’t, that discipline is innate.You know, and it’s not like a lot of things that are in you are coming out. It’s just like you said, you know, that the confidence be the confidence you have enough wins now that you can stand flat footed and say, this is who you are. And so it sounds like to me that you are an encourager, you are opportunity maker. so again, it’s a pleasure talking to you, Ms. Lindsay. So I want to get your perspective on relationship building. Do you think relationship building is important?
important, has relationships and know within businesses has it impacted you? You’re talking about helping other people. Like how important is it to build healthy relationships within this real estate space?
Lindsay Barrientos (18:09)
It is extremely important. used to think that in order to be professional, you have to be reserved and you have to keep like so close to home and then really not show any type of fallible fatalities for you and anything like that. But that’s not true. I come to believe now and learn that the more honest that you are, more that you share your goals, share your vision, share your objectives, share the level of communication and respect for another person is the more that’s going tobe taken back to you. So it’s going to come back to you. like share your vision, share what you want, share your objectives, share like how you want to treat people, share how you want to grow. Because this is, you know, it’s real life. It’s your real life. Like you’re building your business is real life. So they will tap into that realness. You will expect it from people because people also want to be seen and heard.
Quentin Edmonds (19:01)
Yeah. that’s that’s brilliantly said. People want to be seen and heard. People, it says people will rarely remember what you said, but they will remember how you made them feel. So if you make them feel seen and heard in an authentic way, right? Not like manipulative, the authentic way that carries so much weight. So that was brilliantly said. People do want to be seen and heard. And so I’m glad you spoke on.you know, relationship building, because I believe it’s everything in this space of real estate, but also just in life. You know, I always say people are the real currency. So you want to make sure you have currency and people and just not using them as a transaction. So, Ms. Lindsay, I really, really appreciate you. I think this was wonderful. Listen, if someone wanted to reach out to you, connect with you, learn more about the podcast, like how can people get in contact with you,
Lindsay Barrientos (19:55)
Yes. So I am on Instagram, TikTok and YouTube, Lin does investing, L-I-N does investing, and you can download our podcast. actually have a co-host, her name is Violeta. And then she, we are real estate heifers and we drop episodes every Thursday. You’re welcome to come. Please drop a like or subscribe, whatever you like to do.Quentin Edmonds (20:19)
There it goes. So, does investing, right? Yes. Listen, y’all heard it. Miss Lindsay, thank you. Thank you, one, for your time. Two, thank you for your story. Three, thank you for your perspective. Thank you for the way you think. Thank you for the way that you have built your identity, shifted the way you thought, being curious about the way you thought, and then bring that perspective to us. Because I believe, you you’ve given enough nuggets, but people are to hear this.and shift their perspective as well. And so I really thank you for being here today.
Lindsay Barrientos (20:49)
Thank you, Quentin. It was a pleasure talking to you today.Quentin Edmonds (20:52)
Absolutely.Well, listen, y’all heard Ms. Lindsay, y’all got the value. You can’t tell me you didn’t. Check her out. Check out our podcast. But definitely make sure you are subscribed here because you do not want to miss out on these valuable conversations that we are going to continue to have. And so, Ms. Lindsey, I got to say thank you again. And to everyone else, we will see you on the next time.
