From Beginner to Expert: Ximing's Buy and Hold Real Estate Journey

In this episode of the AZREIA Show, hosts Marcus Maloney and Mike Del Prete introduce Ximing Feng, who shares his inspiring journey from being an international student to becoming a successful real estate investor in Tucson, Arizona.

Ximing discusses how he began his venture with his first home purchase, transitioned to real estate investing after reading Robert Kiyosaki's 'Rich Dad Poor Dad,' and successfully executed house hacking strategies, including purchasing a triplex and converting single-family homes into multi-unit rentals.

Additionally, Ximing recounts his challenges with tenants and contractors, highlighting the importance of having a supportive community and learning from mistakes. He also talks about his involvement as a subgroup leader in AZREIA and his projects aimed at helping other real estate investors, including developing an AI property manager to streamline maintenance requests.

This episode is packed with valuable insights for anyone looking to dive into real estate investing or take their current strategies to the next level.

Key Takeaways:
00:35 Meet Ximing Feng: From Student to Real Estate Investor
01:13 The Journey Begins: First Steps in Real Estate
03:21 Overcoming Challenges and Achieving Success
05:04 The Importance of Spousal Support
08:16 Scaling Up: Expanding the Real Estate Portfolio
10:23 Financing Strategies for Real Estate Investments
16:48 The Role of AZREIA in Real Estate Success
18:01 Introducing the Tucson Subgroup
19:19 Tenant Troubles and Emergency Repairs
20:03 Confrontation Over Rent During COVID
21:18 Learning Property Management the Hard Way
22:21 Starting a Self-Help Community
23:02 The Importance of Property Management Playbooks
23:40 Becoming a Subgroup Leader at AZREIA
24:37 Renovation Nightmares and Family Contractors
30:19 Building an AI Property Manager
34:50 Balancing a Job and Real Estate Investments

 

 

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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 #realestate 

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👉 https://azreia.org/entrepreneurial-self-assessment/ Azreia Real Estate Investing Entrepreneurial Self-Assessment Who is it for?

☑️ Anyone who wants to know if Real Estate Investing is right for them BEFORE spending time or money on education and training.

☑️ Everyone new to Real Estate Investing Our Entrepreneurial Self Assessment is designed for you to understand if Real Estate Investing is right for you and if so, if you are best suited for active or passive investing. Our membership is a community consisting of independent real estate investors who invest in:

🏡 SINGLE FAMILY

🏙 SMALL MULTI-FAMILY

🏡WHOLESALERS

✍️ NOTES Educational opportunities are plentiful and delivered through AZREIA’s education program and in collaboration with outside education providers.

🎓AZREIA’s Core Education Classes are specifically designed for new investors to develop their critical skills quickly and effectively.

 🎓Our strategy classes are provided through AZREIA and others and deliver advanced knowledge.

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