Here is more of the get-know-session with one of the newest members of the Presidents’ Circle: QUESTION WHAT IS YOUR PREFERRED NICHE OF REI AND WHY? HOW WOULD YOU DESCRIBE YOUR INVESTMENT STRATEGY? A: My preferred niche is Multifamily investing because of economies of scale and the ability to partner with others. I can spend a lot of time and effort buying one single-fam- ily house or spend the same amount of time and effort buying 50 multifamily units. Also, because the pie is larg- er in multifamily, I get to partner with other investors. It’s harder to do that in single family. My investment strategy in multifamily is to buy and hold for long term and share the cashflow and long-term wealth creation with our investors. QUESTION WHAT WAS YOUR VERY FIRST JOB AND WHAT DID YOU LEARN FROM IT? A: My very first job was formatting IDs for my uncle. It taught me the importance of the time value of money and to also value money more because I was exchanging my time for it. Now, I focus on making money work for me verses trading so much time for money. QUESTION WHAT ADVICE DO YOU HAVE FOR BEGINNERS IN THE REAL ESTATE INDUSTRY? A: Find a real estate group, peer group, support group, mentorship group so you can learn from others who have gone before you. Don’t do it alone! You can avoid so many mistakes by learning from others. Think Realty is a great place to find those people.
Some Fun Favorites of Arianne Lemire’s
Places you’ve traveled: Coron, Palawan in the Philippines. The water, beaches, and islands are abso- lutely beautiful. It’s not super touristy so there is still that pristine natural beauty, and the food is amazing! Movie: The Greatest Showman. I love the way it portrays the entrepreneurial journey. Book: Right now it’s The One Thing by Gary Papasan. I keep rereading it to nar- row down my focus. In a world full of opportunities, the most important thing we can do is choose THE oppor - tunity we need to focus on. Food: Setteveli. Once Italy opens back up, I’m going there to have this!
QUESTION HOW HAVE YOU MITIGATED RISK IN YOUR REI CAREER?
Podcast: The Brian Buffini podcast
A: I have invested in my own education and hired business and personal coaches to help me learn from those with more experience than I and also for my coaches to help me see my blind spots. One of the most important things I learned is to always keep cash reserves. I typically have six months of reserves and that allows me to operate from a position of power instead of a position of fear. No matter what happens, I have time to figure it out and ask for help if I need it. •
Quote: “You should enjoy the little detours to the fullest. Because that’s where you’ll find the things more important than what you want.” —Yoshihiro Togashi
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