Becoming Job Optional Through Multifamily Real Estate with Pam Scamardo

Entrepreneur Pam Scamardo is the Founder of The C.R.E.A.T.E. Wealth Network - the #1 free educational resource for commercial real estate investing. Officially “retired”, Pam is a mother and wife who discovered the benefits of passive income after realizing she did not need to be a millionaire to begin investing in commercial real estate.

An aerospace engineer by trade, having been employed by Lockheed Martin, Boeing, and UTC Aerospace, Pam made a clear pivot almost 10 years ago and founded her first company, TPK Properties. The organization has successfully syndicated properties for investors in California, Arizona, Oregon, and Washington with the current portfolio valued at over $6M.

In this episode, we talk about her passion for helping others achieve “job optional” status through commercial real estate investing and wants to empower men and women along their journey to financial freedom.

[00:01 – 03:47] Opening Segment

• I talk briefly about great values that await you in this episode
• I welcome our guest, Gene Trowbridge
• Pam talks about her background
  • Career as an Aerospace Engineer
  • Getting into real estate investing

[03:48 – 18:12] Becoming Job Optional Through Multifamily Real Estate

• The definition of “job optional” and what it means to Pam
  • Matching your passive income with your earned income and extra expenses
• The journey to becoming Job optional herself
  • Growing her portfolio with Multifamily, apartments
• Incorporating the ideas from The 4-Hour workweek into her real estate investments
  • Utilizing trusted VA to help you minimize the time that you spent working
• Scaling her investments and businesses
• Pulling contacts and finding people to connect and build relationships with
  • Linkedin, Facebook, Instagram, Meetup, Bigger Pockets
• Investing outside of her local market

[18:13 – 22:13] Shifts in the Multifamily Market

• Shifts in the Multifamily market due to Covid
• Now is a great time to invest
  • Check out her website
    • See links below
• Having due diligence and analyzing properties before jumping into a deal

[22:14 – 29:29] Closing Segment

• Quick break for our sponsors
• What is the best investment you've ever made other than your education?
  • Investing in my mentor, Peter Harris
• What is the worst investment you ever made?
  • Buying a four-unit instead making the big jump to bigger properties
  • Don’t go too cheap. Don’t get too greedy. Be patient.

• What is the most important lesson that you've learned in business and investing?
  • Have compassion and earn how to deliver bad news
  • This is a relationship business, so treat people with integrity

• Connect with our guest. See the links below.

Tweetable Quotes:

“When your passive income matches your earned income and your extra expenses monthly, you become job optional. Meaning you no longer need to find a job that is needed to meet your expenses, you can have fun jobs that you want.” - Pam Scamardo

“Out of all the real estate assets out there, though it’s not sexy, multifamily is stable.” - Pam Scamardo

“Your network truly is an indicator of how successful you’ll be.” - Pam Scamardo

Resources:

• TPK Properties
• C.R.E.A.T.E. Wealth Network
• Commercial Real Estate Investing for Dummies - Peter Conti and Peter Harris
• The 4-Hour Workweek - Tim Ferriss
• Fiverr

Connect with Pam on Linkedin and visit https://www.letsgocreatewealth.com/. You also check out their Youtube Channel for more valuable and FREE content!

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