226: How To Rebuild Your Financial Future One Property At a Time with Melissa Nash

Securing a solid financial future is often the biggest reason people enter the world of real estate investing, which doesn’t require attaining as many properties as you may believe. On this episode of Zen and the Art of Real Estate Investing, Jonathan interviews Melissa Nash, founder of Lady Luck Investments, which emerged out of necessity. Melissa built a portfolio that secured her family’s financial future in less than six years. Now, she’s teaching other women how they can do the same. Melissa wants to change the story of women in real estate and create a legacy of wealth and empowerment. Jonathan and Melissa start their conversation with the story of Melissa’s grandmother-in-law, who began investing in real estate in Los Angeles in the 1960s. Melissa shares her difficulties as a female investor today, her early failures due to her unwillingness to learn, and how a mentor introduced her to turnkey real estate. She highlights the success she eventually found with a Section 8 property, eventually leading to buying some short-term rentals, and explains why she self-manages her properties rather than paying a property manager. You’ll hear the importance of being a good host with STRs, using those STRs to generate immediate cash flow to fund other ventures, and what new investors fail to do as they start their portfolios. Building a financial future with real estate is a method used for generations, and Melissa Nash is creating a legacy of wealth for her family. In this episode, you will hear: Melissa Nash’s inspiration from her husband’s grandmother, who was a real estate investor in Los Angeles in the 1960s and ‘70s The difficulties of being a female real estate investor, even today The failures Melissa experienced before her real estate career took off Her unwillingness to learn in the beginning which contributed to those early failures How a mentor introduced Melissa to turnkey real estate Finding success with a Section 8 property and how that led to short-term rental purchases she self-manages The importance of being a good host for great feedback Adding or removing amenities based on requests or negative feedback STRs as a way to generate immediate cash flow for more STRs or long-term rentals Using your rentals for your own enjoyment and building a generational legacy with real estate investing What new investors fail to do as they get their portfolios started Melissa’s mission to educate women on real estate and the potential it offers Follow and Review: We’d love for you to follow us if you haven’t yet. Click that purple '+' in the top right corner of your Apple Podcasts app. We’d love it even more if you could drop a review or 5-star rating over on Apple Podcasts. Simply select “Ratings and Reviews” and “Write a Review” then a quick line with your favorite part of the episode. It only takes a second and it helps spread the word about the podcast. If you enjoyed this episode, we've created a PDF that has all of the key information for you from the episode. Just go to the episode page at https://zenandtheartofrealestateinvesting.com/podcast/226/ to download it. Supporting Resources: Melissa Nash’s website - ​​www.hellomelissanash.com Melissa’s YouTube channel - www.youtube.com/@hellomelissanash Lady Luck Investments on Facebook - www.facebook.com/ladyluckinvestments Find Melissa on Instagram - www.instagram.com/hellomelissanash Connect with Melissa on LinkedIn - www.linkedin.com/in/melissa-nash-35aa0745/ Website - www.streamlined.properties YouTube - www.youtube.com/c/JonathanGreeneRE/videos Instagram - www.instagram.com/trustgreene Instagram - www.instagram.com/streamlinedproperties TikTok - www.tiktok.com/@trustgreene Zillow - www.zillow.com/profile/StreamlinedReal Bigger Pockets - www.biggerpockets.com/users/TrustGreene Facebook - www.facebook.com/streamlinedproperties Email - info@streamlined.properties Episode Credits If you like this podcast and are thinking of creating your own, consider talking to my producer, Emerald City Productions. They helped me grow and produce the podcast you are listening to right now. Find out more at https://emeraldcitypro.com Let them know we sent you.