Episode Description //
Welcome back to the We Grow Together Podcast! In today’s episode, it’s double Lauras! Host Laura DiFrancesco sits down with Laura Sides, founder of Sides Investing, a company centered on buying, flipping, and selling houses. Sides talks about her background in flipping houses, starting off as a total rookie, to her tips and tricks after successfully flipping eight houses in just three years! She emphasizes the importance of building a team and using systems to streamline the flipping process. The two discuss the various financing options and tips to selecting a property, creating budgets, and staying within the buffer budget by focusing on the right finishes. Sides has turned two of her flips into profitable Airbnbs! With both Laura’s owning Airbnbs, the two share their advice for starting, running, and maintaining an Airbnb as well as ensuring a relaxing experience for the guests. They end the episode discussing Sides’s takeaways from her experience and advice she would give to others following this path.
Guest Bio //
Laura Sides was a middle school science teacher before following her passions in real estate. Having no experience or knowledge flipping, buying, and or selling houses, Laura learned as she went. Her first flip was intended to be her first Airbnb, but she quickly learned that she could sell this property for profit; thus, her first flipped house was on the market. After three years in this industry, Laura has flipped eight houses, owns two Airbnb properties, and created her business, Sides Investing. Now, she has the knowledge of real estate investing, buying property, selling houses, financing her projects, maintaining two Airbnbs, and so much more!
Topics Discussed //
// Building a Team for Successful Real Estate Investing
// Using Home Equity Line of Credit (HELOC) for Financing Houses // How to Select Properties
// Creating a Budget for a Project
// Having Multiple Exit Strategies // Attention to Detail to Enhance an Airbnb Experience
// Building Relationships in Order to find Success
Episode Highlights //
[00:00] Intro to Flipping
[05:39] What to Look for in Property Investing
[07:57] Finding and Building a Team
[14:03] Financing Options: Home Equity Line of Credit and Credit Cards
[18:50] Buying Right and Maintaining Quality
[23:14] Cost-Effective Furnishing Strategies for Flipped Properties
[26:41] Keeping a Project in that Buffer Zone
[30:30] Multiple Exit Strategies and Diversification in Real Estate Investments
[34:56] Challenges and Importance of Property Management in Airbnb Rentals
[37:43] Enhancing the Guest Experience with Personal Touches
[49:50] Building Relationships and Supporting Women in Real Estate
Resources Mentioned //
Sides Investing Website // https://sidesinvesting.com/
Sides Investing Instagram // https://www.instagram.com/sides_investing/
Bethany Seaclusion Airbnb (Frankford, Delaware) // https://www.airbnb.com/rooms/1012898104160624531?guests=1&adults=1&viralityEntryPoint=1&s=76
Oceans End Airbnb (Oceans Pines, Maryland) // https://www.vacasa.com/unit/105551
Books Mentioned // https://www.amazon.com/shop/livelvly/list/1KLE4Y6Y4TOR6?ref_=aip_sf_list_spv_ofs_mixed_d
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