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How Clarity in Chaos Creates Mental Fortitude with Jessica Narula
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Jessica Narula is a well-rounded real estate investor based in Ontario, with a strong background as a real estate paralegal. After years of providing legal services to real estate investors, she decided to get involved in the business and she has ventured into different strategies, including flipping in small towns. She is on the Self Wealth Real Estate show today to talk about how she got into real estate investing and what she has learned along the way.
Listen to this episode to learn more about the impact of your mindset to your success in real estate investing and what it takes to start gaining momentum as a new real estate investor today!
Key Talking Points of the Episode
00:00 Introduction
00:56 What is Jessica’s background?
02:35 How did Jessica get into real estate investing?
05:53 What is the importance of being mentally prepared before investing in real estate?
09:35 What was it like for Jessica to get an education as a real estate investor?
12:50 What lessons did Jessica learn from her first real estate deal?
16:29 What was Jessica’s first flip with a business partner like?
23:50 When did Jessica start building her rental portfolio?
25:18 What lessons did Jessica learn from investing in small towns?
31:21 How can you effectively factor in costs for vacancy in your rental properties?
33:08 Why is clarity important in real estate investing?
34:27 What is Jessica’s focus on her mortgage business?
38:13 What is Jessica’s best deal like?
42:56 What is Jessica’s least favorite deal?
47:21 What was Jessica’s experience with a property manager on her least favorite deal?
52:25 What lessons did Jessica learn from her best and least favorite deals?
55:30 What has changed in Jessica’s approach to real estate?
56:03 What advice does Jessica have for her younger self?
57:19 What is the most overlooked or overhyped investing strategy today?
58:30 How can you get in touch with Jessica?
Quotables
“People can tell you whatever they want, they can give you every step possible, but if you’re not in the right headspace, if you don’t believe you’re actually gonna do it or able to do it, honestly you’re not.”
“It’s like because internally you don’t have clarity on what you want or what is missing, you won’t know what to seek or you won’t know where to seek those answers.”
“We just make it so much more complicated and get overwhelmed with 3,000 different strategies that people talk about on Instagram.”
Links
Instagram: Jessica Narula
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