175 Real Estate Powerhouse Women Investors on National Women’s Equality Day

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175 Real Estate Powerhouse Women Investors on National Women’s Equality Day

Today, on the Passive Accredited Investor Show, the Carolina Capital team will be joined by two very successful women in the Real Estate Investment world to celebrate Women’s Equality Day: Heather Dreves of Cogo Capital and Kristy Moore of Local Expert Realty!

Heather Dreves is the Director of funding at Secured Capital Corporation. She has been in the private lending money industry for over 15 years and has held her 63 series licensed.

Heather has been in underwriting. In all parts of the real estate business, she manages a servicing team over Cogo Capital as well. In addition to being in investor relations, she’s on the board of advisers for the National Lending Expert. She is in the very hot market of Coeur d’Alene, Idaho.

Kristy Moore is a bestselling author and self-made multi-millionaire raised from humble roots in Harrisburg, PA.

Starting her life in the rough part of town with her parents on welfare and food stamps, Kristy saw early on how hard work and commitment can change the trajectory of your life. She worked hard in everything from sports to academics and eventually business.

At the age of 23, she bought her first house and completely renovated it. From there, she fixed and flipped over $20M in real estate and built her first real estate team to $1.6M in annual revenue within 3 years of inception.

She currently owns a residential real estate brokerage, staging company, and development company. Recently, she expanded her real estate empire into multi-family housing buying an 84-unit apartment complex without any partners.

Timestamps:

0:01 – Introduction: “ Real Estate Powerhouse Women Investors on National Women’s Equality Day ”

1:28https://www.CarolinaHardMoney.com

1:42 – Wednesday with Wendy: https://calendly.com/wendysweet/wednesdays-with-wendy?month=2021-09

3:14 – Today’s guests: Heather Dreves & Kristy Moore

5:03 – How Heather Dreves started in the real estate business

7:22 – Kristy Moore’s journey in the real estate industry

9:20 – Bill’s first (house) flip

10:48 – Pros and Cons of female sexuality in the real estate business

15:31 – Taking advantage of being a woman in the real estate business

19:07 – Wendy’s funny story

19:58 – Kristy Moore’s real estate story in Dillon, South Carolina (this story involves gang members)

28:10 – Heather Dreves’ investment deals

31:30 – Connect with Heather Dreves – https://www.SecuredInvestmentCorp.com

32:21 – Connect with Kristy Moore – https://www.KristyMooreTeam.com

Carolina Capital is a hard money lender serving the needs of the “Real Estate Investor” and the “Small Builder” borrower who is striving to build wealth and generate income for themselves and their families. We offer “hard money rehab loans” and “Ground-up Construction Loans” for investors only in NC, SC, GA, VA, and TN (some areas of FL, as well).

As part of our business practices, we also serve as consultants for investors guiding them to network with other investors and educating them in locating and structuring transactions. Rarely, if ever, will you find a hard money lender willing to invest in your success like Carolina Capital Management.

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Bill Fairman (00:01):

Hi, everyone. We’re back. Did you miss us? Of course you did.

Wendy Sweet (00:05):

I missed me.

Bill Fairman (00:05):

Wendy was on vacation, she is back. But today is, women’s equality, national women’s equality day. And we have two wonderful guests that we’re featuring. Part of what we do is in our mastermind groups that we are always promoting. You need to be in a group of like-minded individuals. We’re able to be friends with some really smart individuals. We brought them on today. So.

Wendy Sweet (00:36):

And they’re women.

Bill Fairman (00:36):

Yes. That’s the theme. So on national women’s equality day, I have two men that are coming on the show

Wendy Sweet (00:42):

To talk about women

Bill Fairman (00:46):

Anyway, more of that, right after this. I tell you I’m ever impressed with our changing graphics.

Jonathan Davis (01:11):

Yeah, they look good. Thanks again for joining us all Passive Aggressive,

Wendy Sweet (01:15):

Pasive, Aggressive Show.

Bill Fairman (01:19):

Passive Acredited Investors Show. We are Carolina Capital Management, and we are lenders in the Southeast for real estate investors. If you’re interested in borrowing money, go to CarolinaHardMoney.com and hit the apply now tab. If you’re a passive investor looking for passive returns, click the accredited investor tab. Don’t forget to like share subscribe, hit the bell and please sign up with Wednesday with Wendy.

Bill Fairman (01:59):

Okay. So Wendy gives up Wednesday every Wednesday afternoon to anyone who wants to talk real estate with her. Her calendar is booked in October. So there’s the link, you know, and as soon as you can, you don’t have to talk about real estate with you’re wasting your time.

Wendy Sweet (02:17):

Cause I don’t know about anything else.

Jonathan Davis (02:19):

You can offer some things on homesteading, right?

Wendy Sweet (02:23):

That’s right. Yeah, I’m taking care of my hobby farm. We can do that.

Bill Fairman (02:26):

That’s right. So we have a comment, section questions, comments, if you have any for us, or our guess.

Jonathan Davis (02:32):

Promise with you, Wendy won’t make any more comments about California. Sorry.

Wendy Sweet (02:38):

I made somebody mad in our last show about California.

Bill Fairman (02:40):

She was digging on California.

Wendy Sweet (02:43):

I wasn’t digging. I just said somebody apologized for their state when I first met them, that was appropriate.

Bill Fairman (02:52):

She just didn’t dislike it.

Wendy Sweet (02:55):

That’s right. It’s not that I dislike it at all. I just think it’s craze over there

Bill Fairman (02:59):

It’s not very investor-friendly and I can tell you that, but you can make a lot of money there and that’s for sure. So the, the comment section is either on the right side or underneath your screen, depending on the platform that you’re viewing this from. So without any further ado, we have two wonderful guests. I have to put on my reading glasses, Heather Deres, she’s the director of funding at Secured Capital Corp. She’s been in the private money industry for over 15 years and has held her a 63 series license. That means she has a broad view of investing. Heather has been in underwriting. She’s experienced in all parts of this business. She’s managed the servicing team, Rococo Capital as well. In addition to being in investor relations, she’s on the board of advisors for the national lending experts and she used a real estate investor as well. She is in the very hot market of Corlane Idaho. Every time I’m listening to the business channel, they’re promoting Corlane Idaho is one of the fastest growing hottest markets in the country.

Jonathan Davis (04:09):

And just on a personal note, like when I have a question about anything that has to do with lending, she’s probably my top three people that I go ask the question too. So she’s very knowledgeable.

Bill Fairman (04:21):

Excellent. We also have Christie Moore. She is the founder and principal broker of Local Eexpert Realty, Local Expert Staging, best-selling author. She’s also a real estate investor. She’s got, it, had lots of fix and flips and multifamily. Boy, does she have some stories. She is in the ever and always hot market of the DC Metro area. Ladies, welcome to the show.

Heather Dreves (04:50):

There they are.

Kristy Moore (04:50):

Hi!

Bill Fairman (04:59):

[Inaudible] The green room. Let me start with you just because you’re on the top of the screen and right beside of me. So how how’d you get started in the real estate business anyway?

Heather Dreves (05:17):

Well, honestly I kind of fell into it. My parents were involved in investing in real estate, so it always was an interest of mine but I had a very good friend that was in the private money industry. And honestly, I stayed home with our kids until they were in elementary school and then decided I was going back out into the workplace. And he asked me to come on board and kind of just started from the ground up from the private money lending industry and, and saw that there was just so much opportunity with that. You know, whether that was for, you know, funding deals as far as purchasing real estate goes or actually investing in passively creating some wealth for yourself. So I’m just very interested in it and just saw all the doors that had opened and the opportunities that were out there and not only for myself, but to also help clients as well. So, honestly it was kind of by luck. And then just found that it was my passion. I actually was going, it’s funny you say that they will drag you back into the industry. I was going to get out of it after 2008 and, um, was lucky enough to meet Lee Arnold and was brought, brought right back into the industry. And, you know, I’m very thankful for that. My husband and I are active real estate investors ourselves now, and I just really enjoy helping our clients, you know, create passive income for themselves.

Bill Fairman (06:40):

And as a side note, you just bought a utility shed to move into

Heather Dreves (06:45):

And super exciting today. My utility shed is getting cabinets. I have been living off of a folding table, a toaster oven and a trigger for three months. I do washing dishes in my bathroom things. So yes! We’re living the Idaho dream. We’re living in a 900 square foot, old barn.

Bill Fairman (07:03):

Lovely.

Heather Dreves (07:08):

We downsize from 5,000 square feet and you know, the verbiage of life and we’re just, you know, we’re living off the grid. So it’s amazing that I get to work put together cause it’s quite a task.

Wendy Sweet (07:18):

That’s awesome.

Bill Fairman (07:22):

Kristy, you have had quite the journey in real estate and I know it started off in the mortgage industry, you know, during that fun time and 08′, 09 , right?

Kristy Moore (07:36):

Yeah. I actually was probably a part of the housing crash because I was doing for prime loans and.

Bill Fairman (07:43):

So it was your fault

Kristy Moore (07:48):

Maybe a little bit. Um, well, the funny thing is I talked to one of our mortgage reps and I was like, I don’t know, who’s giving these people these loans. I don’t understand. I would never loan them a dime. I don’t know who’s doing this. And he was the one that told me they were chopping them up and selling them on the stock market. And I was horrified. I just realized like, this is not going to end well. So I actually got out of all of my investments in 2007. And so it was a little bit protected in 2008 when the market crashed, I lost a bunch of money in deposits, but I didn’t lose nearly as much money as you know, most people did during that time. So I got a little bit lucky there but I’ve been in real estate pretty much my whole life.

Kristy Moore (08:30):

My mom, my mom taught herself how to fix up houses by going to the library and checking out books. And I watched her fix up a ghetto house that we grew up in and they made a huge profit, and that’s what took us to the suburbs. So, you know, I kind of saw that whole journey with fixing up houses and, and how that could generate, you know, income and wealth. And that’s how I got started in the business. And I’ve done a lot of different things in real estate. So it’s been, it’s definitely been quite the journey

Bill Fairman (09:01):

See, there was a way to learn how to fix up a house before YouTube, wasn’t there.

Kristy Moore (09:12):

Yeah, go to a library.

Bill Fairman (09:12):

And I see you bought your first home when you were 23 and you totally remodel it. I actually had you beat well, my first house at 19, the difference was I just made it worse. I didn’t,

Wendy Sweet (09:26):

[Inaudible] Living room for years.

Bill Fairman (09:30):

It was not in the living room .

Wendy Sweet (09:30):

That’s right. It was in pieces in the living room and the dining room and the kitchen.

Bill Fairman (09:35):

It was in the entry. My motor to my Volkswagen Baja bug. He was in the living room.

Kristy Moore (09:45):

Did you sell it for a profit though?

Bill Fairman (09:47):

Yes. What was interesting when I bought it, Jimmy Carter was president and the going interest rate from my FHA loan was 14 and a half,

Bill Fairman (10:00):

But I got state bond money. And the wait now state bond money, they will subsidize your down payment. And back then they subsidized your interest rate. And I, it was a non-qualifying FHA loan. So as soon as I bought the house, anyway, they subsidized my interest rate. I was only paying seven and a quarter. But I immediately started getting letters in the mail from people that wanted to buy my house with so much money down and they would just take over my payments, obviously. So even when the interest rates were in double digits, there were still people in the real estate investing. So since this is women’s equality day Wendy, would you like to participate?

Wendy Sweet (10:46):

I was wondering if he was going to take a breath. One of the things that I think is so, kind of funny, I should say is that we have a women’s equality. Cause in my opinion, every everyday’s women’s equality day, right?

Kristy Moore (11:03):

Exactly.

Jonathan Davis (11:03):

Well you work with fun gentlemen like us.

Wendy Sweet (11:07):

That what makes it all happen. So the thing that I think is unusual, is I’ve never felt, through my whole career, I’ve never felt as if I was being pushed down or dragged down or held down because I was a female. And I think it’s because of maybe the type business I’ve been in, you know, when you’re in sales, you eat what you kill. So, you know, you’ve got that going for ya, but I never felt held down or held back. Did either of you go through anything like that?

Heather Dreves (11:48):

Well, I think it’s interesting because you know, this is a conversation that we have at our office and it is kind of a man’s world, but I don’t even recognize or acknowledge that until it’s me and I have to tell you, I was raised by a Marine Corps pilot. He had three girls and he raised us like a drill Sergeant and no humans just really, Hey, you want something? You need to work for it. No, one’s going to give you anything. So it doesn’t, I don’t even acknowledge that. But when you look around, there’s very few women in the industry, especially as a fund manager, you know, in the private money space. And, you know, you go to Collective Genius, go to Freedom Founders, most trusted advisors are men, you know? And so I, it doesn’t seem to affect me and I don’t feel like I’ve ever been held back for it. I do think there’s a lot of opportunity for women. I get a lot of our clients that really like actually speaking to a woman opposed to no offense, Bill and Jonathan but females, you know, and so it’s interesting.

Wendy Sweet (12:50):

That is. How ’bout you, Kristy?

Kristy Moore (12:53):

I will say, so, so I worked for a very large mortgage company, which shall remain nameless since they’re still in the business and they’re gian and while it didn’t affect my income because I was in sales and I was one of the top producers in the company, it definitely affected my ability to get promoted. All the team leaders were male. It was very male dominated. There were no female team leaders at the time. And that’s actually kind of what drove me to go out on my own because I just realized, you know, if I wanted to do what I wanted to do, I had to make my own path. And I grew up with 11 uncles, two older brothers, I was raised like a boy kind of. So, you know, I never felt internally, like I was at a disadvantage, but I definitely saw it out there.

Kristy Moore (13:48):

And I had only experienced, you know, that world for a few years. And I’ve always kind of taken being a woman as an advantage in the market because it’s different. And I’ve always, you know, used it to my advantage. So I think that I definitely see it and I’ve experienced it and I’ve definitely experienced it from buying properties in commercial real estate. Like my first office complex that I bought the owner wouldn’t even address me. He would only address my mail business banker. He wouldn’t even look at me in the eye the whole time I’m asking him questions and he’s answering. But again, I use that to my advantage. I mean, I knew that that was going to help me kind of negotiate a better deal. And I brought a gentleman with me when I was touring the property. Cause I just had this feeling. He was an old white guy, no offense to all of y’all, but I’m an attorney,

Bill Fairman (14:52):

So we’re an old white guy, huh?

Jonathan Davis (14:53):

Wow

Kristy Moore (14:57):

You know, I’ve definitely experienced. And then I also had, when I was going to buy first commercial property, when I told the male broker what I wanted, he actually said, well, honey, you know, this is when you would tell your clients to being unrealistic and directors treat me differently where they tell me they don’t want me to break a nail. I mean, it’s, you know, it’s like ridiculous, but again, I’ve just kind of never let it bother me. I just, you know, just keep moving forward. It’s it is what it is.

Wendy Sweet (15:32):

I think that’s what makes the difference is it’s all in the attitude and I love what you said about taking advantage of it and using it as a tool rather than one and about it, because you can, you can really take people off guard. They’re like, whoa, wait a minute. You know how to hang sheet rock or

Kristy Moore (15:58):

The best thing is being underestimated. I mean, I’ve made probably millions of dollars off of the hair, twirl clothes of like, what?

Jonathan Davis (16:12):

I mean, I think it’s a great position to be in. People, constantly overestimate the males intelligent in these situations, and they underestimate females best place to be is being underestimated. That’s the absolute best place to be.

Kristy Moore (16:25):

They don’t see it coming.

Heather Dreves (16:28):

[Inaudible]

Wendy Sweet (16:31):

It is. And another challenge I think, is women that we have, we have as women is, you know, we’re in most cases, the caregiver in our home as well with kids and, you know, cleaning the house and going to the grocery store and all kinds of things like that our male counterparts don’t always have to deal with. Now, we’ll say men are a lot more involved in their families that Jonathan’s very involved in his family.

Jonathan Davis (16:58):

I got called a real hands-on dad

Wendy Sweet (17:02):

Yeah, he did. He actually caught his baby in the bathroom when she was born. That’s a cool story. But I think, you know, that’s just another challenge that we have to deal with to not only be great at what we do for a living, but also be mom and take care of the household. Right?

Heather Dreves (17:22):

Yeah. Well, and the other challenge, I think I’ve I’ve had is being strong and opinionated can also come across as being not very nice.

Wendy Sweet (17:34):

Yeah, that calls us itch bangs.

Heather Dreves (17:34):

We’re getting nicknamed around here. And I’m just a very direct person. Like I will just walk right in someone’s office. Okay. What do we got going on? You know, and that does, I have had to learn over the last few years to really like work on my presentation a little bit and know who I’m speaking to and how I like, Lee and I work great together. We’re both very direct. We took a personality test here and funny enough, we were exactly the same, but not everybody communicates that way. So that’s probably been my biggest challenge as a female is really, you know, still being strong and opinionated. And, you know, I’m strong in my belief, but learning how to communicate with different types of personalities too. So definitely benefits and definitely challenges for sure.

Bill Fairman (18:20):

That is where that predictive index test comes in very handy.

Heather Dreves (18:26):

It was interesting.

Bill Fairman (18:28):

Yeah, you know everyone’s personality and what’s more important is how do you deal with those different personality types and the worst part about, to me, about our current society is that apparently our skin continues to get thinner and thinner.

Heather Dreves (18:51):

Yeah, what’s up with that?

Bill Fairman (18:51):

Trying not to be offended, people are looking for ways to be offended.

Kristy Moore (18:59):

That’s their problem.

Wendy Sweet (19:00):

That’s right.

Bill Fairman (19:00):

No, no. I agree. We are who we are and, uh, we love everyone. And if you don’t love us, that’s okay too.

Wendy Sweet (19:07):

Well, I have to tell this great story. My parents are 83 and they’re going to Costco. I got to share this. They go into Costco, they’re at the checkout line. There’s a girl standing in their bag and she’s got half her head shaved and she’s got rainbow colors in her hair. And so my 83 year old dad walks up and start singing somewhere over the rainbow. She was a little miffed. I walked away and I’m thinking, gosh, if you’re going to be that bold in your life, you need to be prepared to be some too.

Heather Dreves (19:45):

I think I’d really like your dad.

Wendy Sweet (19:48):

He’s a great guy. My mother was mortified, but I laughed. I thought it was pretty funny.

Heather Dreves (19:55):

I like that.

Bill Fairman (19:56):

So let’s talk about some real estate investing real quick. Kristy, I know you’ve fixed and flipped a bunch of homes over your career, but you have this one story with multi-family purchased in Dillon, South Carolina.

Wendy Sweet (20:16):

Oh I know that one.

Kristy Moore (20:16):

Right.Oh God.

Bill Fairman (20:17):

Give us the 30,000 foot from the start and the current situation in that place.

Kristy Moore (20:25):

Oh, I don’t know if we actually have time for the story, but I’ll do my best to, um, to keep it short. So I bought this property. It was 50% occupied. It was a total disaster. I mean, it wasn’t, the units that weren’t occupied, weren’t habitable. So, um, I bought it with the understanding that I was going to fix it up and rent it. And I bought it at auction numbers made all kinds of sense. I have done a lot of construction, have run my own crews. So I wasn’t worried about the, the fix up part, but I had no idea what I was getting myself into with the community part because the property manager that I met with was the current property manager. But little did I know that the property manager before her was actually a gang leader and he put all of his gang members in the property and they basically ran it as like this like criminal, like playground for criminal activity. Once I started, well, actually the day that I bought it, there was a murder on the property. Somebody got shot and killed. And, so it was Friday the 13th, which, I mean, you could do magic. And that same day, my mom actually went to the hospital by ambulance with no pulse. So it was like a wonderful, it was great day. It was like the worst day of my life. Um, but anyway, so then, you know, we’re trying to kick these people out. COVID hits, we’ve got eviction moratoriums. I’m trying to get all these gang members off the property with cameras installed. We see everything that’s going on with like gun deals. The cops are involved. That’s why, like, none of this stuff was showing up in like crime reports. Cause the cops were literally being paid by all the gang leaders, by the gang members. Um, so as we’re kicking people out, we got threatened, our lives got threatened. There was a video that we have of the guys. There was like 30 guys with AK 47 and AR-15, threatening my mom and I, because we’re kicking them out. And my mom like didn’t even care. She was like, you know you don’t scare me.

Kristy Moore (22:30):

This woman is the OG. So anyway, so we’re fixing the places up. We’re dealing with dirty cops you know, they’re not like 9!! doesn’t work in the neighborhood. They were not doing anything. They were not coming when we would call, they weren’t helping us with evictions. They weren’t helping us with the crime. So we just like took the matters in our own hands and just started doing things that I may or may not be able to talk about on this show to get people out. We evicted 30 people, all of whom we had some level doing criminal activity. We had to, we built relationships with the magistrate. And then we had a building burned down. We had12 buildings and we have 11, one of them burned to the ground and that was right after we had just finished all of the fix ups and the place was running great. And we were super happy. We got through the whole gang thing and all that stuff. And, but I mean today, so the cops used to show up four times a day or get called four times a day. They haven’t been there. I don’t know, probably six months. They haven’t been there in like six months. That’s we, you know, we have security, we got a security gate. It’s mostly single women with children that live there. Everybody’s passed background checks. we have new property manager that isn’t prostituting on the property for Coke. Like the last one. And then even with the building burning down, which was the biggest building that we had. We increased our rent roll by, I just looked at it this morning actually, by 23,000, we increased our collections cause we actually started charging, you know, rubs and, and you know, all kinds of other fees and stuff and that kind of increased by 29,000. So we are just rocking and rolling, like people don’t, it got to the point where we were sending out our numbers to brokers to sell it. And they didn’t believe us. They didn’t believe like our collections are at 97%. Whereas most of the other buildings in that area are down 25, 30%. You know, like they truly didn’t. They thought we were fudging our numbers, which is like not what we do. So it’s been a little, it’s been a crazy ride. I mean, it’s but you know, bill, I have to give bill a lot of credit because when I was in the middle of all of that, like literally I think the building had just burned down and we had a dumpster fire that same day.

Kristy Moore (25:07):

I mean, it was some crazy though, but somebody breaking in, try to lay the other place on, it’s ridiculous. And he’s like, well, it sounds like you’re almost on the other side. Just keep going. And I’m like, I’m quitting, I’m out. I can’t do this anymore. I’m done. But when he’s told me that, you know what, I just like, I was like, you know what, I just do it. I just, just keep going. Like, he’s right. We’re almost on the other side. We’re just going to we, and you know, we just kicked everybody out. Like, we’ve got to see this thing through. And, you know, we had a mission when we started to be able to provide, you know, safe and clean housing for people in the lower income brackets. We don’t have very many HUD people. We only 5% HUD. So they’re all working class people and they deserve decent housing. So, you know, we had a mission and we wanted to quit almost on a daily basis, but we didn’t. And my mom and I worked together and it was like the, we just laughed because we were just like, you can’t even make this stuff up. Like, it was just, it was ridiculous. So yeah, we have it under contract now for a profit, which is also amazing. So yeah, it’s been, it’s been quite the journey.

Wendy Sweet (26:19):

That’s amazing.

Bill Fairman (26:21):

That was, I was thinking about your mom part of the threats and she doesn’t care and she’s like, you just wait until I get out of back surgery, I’m going to come back here and kick your ass!

Kristy Moore (26:33):

I know, like she literally, so everybody on the property was packing except for her. And she was literally just went up to the one of the guys and was just like, you don’t scare me. But if you mess with my daughter, you’re going to have a bad day. I’m like, Mom, you don’t talk to people like that. Like, literally these are like, people like terrible people. Like what are you doing? But yeah. I mean, it was pretty crazy,

Bill Fairman (27:00):

But what it does is it goes to show you that you don’t have just high crime in urban areas in the big cities, this is Dillon, South Carolina,

Kristy Moore (27:15):

It is! Yeah, exactly.

Bill Fairman (27:15):

In any place, you’d think that that would happen. Heather,

Kristy Moore (27:17):

Can you beat that?

Heather Dreves (27:21):

No but it sounds like the property we now own in Louisiana. So I might need to call you for some advice.

Kristy Moore (27:28):

Yeah. We’ll just come down there and we’ll clean it up.

Heather Dreves (27:31):

Does your mom contract out for that type of work or?

Kristy Moore (27:37):

We’ve actually been asked by a lot of people to help other people turn around properties that really having the same problems.

Heather Dreves (27:45):

Yeah. We took the property back in Louisiana and I think it’s been broken to three times in the last two weeks. I’m like, what is going on? Now they’re in the property and have locked it from the inside. It’s like, here we go.

Kristy Moore (27:58):

Take the doors off

Heather Dreves (27:59):

Yeah. I seriously might be calling you for some advice.

Kristy Moore (28:04):

Yeah. There are some things we could talk about off-air

Bill Fairman (28:10):

So Heather, I know that the Lee was, and I’m sure currently is involved in teaching people, real estate investing. And I know he used to do those bus tours where they’d bring people in, show had to rehab a house and that type of thing. With that in mind, what is it that you and your husband typically invest in yourself?

Heather Dreves (28:34):

Well, we’ve done the fix and flip. I have this great idea that we were going to be like Chip and Joanna. That was not actually thinking, not as glamorous as it looks on TV, I found out. But you know, we’re kind of those people that roll our sleeves up, we’re laying tile, hanging sheet rock, which is great. But, you know, we quickly realized that our time was more valuable than doing that. So lessons learned, hire it out, get in and out of them as quick as you can. And we thought, well, you know, we have a couple of rentals now. We actually own a little rental here in downtown Corelane which has doubled in value in two years. So that was a really good project to get in. It’s just a little house. The quarter lane area, as you mentioned, Bill is just a hot market.

Heather Dreves (29:23):

It is become very popular. Um, but you know what we’re looking into now with self storage because there is so much growth in this community and there are so many people moving here. One, there is a housing shortage and two, you know, there are a lot of people looking for self storage units. And we discovered this when we started looking for one and realized there was not a lot out here. So I think we’re moving from more of the, you know, we both have full-time jobs. And so the real estate investing is just something we’re doing on the side. So we need to look at other options that are a little more passive for us but you know, one of the things that I feel really thankful for is through the different projects that we’ve been involved with. We always had our kids do it with us and our oldest son is a fireman.

Heather Dreves (30:10):

And, you know, we’re like, this is a perfect opportunity. I mean, you don’t just have one job anymore. You have, you know, your everyday full-time job, if you’re not a full-time investor, but you can do things like this on the side to create wealth and additional income for yourself. So if all we gained from doing those projects was showing our kids an example of hard work and you know, what kind of opportunities are out there then it was all worth it for us. But yeah, we found a couple of rentals, but we are definitely gonna move more towards the path side and look at maybe more self storage units, kind of exploring that option right now.

Wendy Sweet (30:46):

That’s awesome.

Bill Fairman (30:47):

And yeah, we all love self storage. And I say this a lot. As Americans, we value our $500 worth of junk and 200 dollars a month for three years, the store $500 worth of stuff. And it, and in my case, I have to have mine heated and air conditioned. My $500 worth of stuff is very important and I want it to be waiting for me to come visit it. Ladies, thank you so much for joining us. If anybody wants to get in touch with you about possibly investing in, you guys have a couple of funds, right?

Heather Dreves (31:30):

We have a couple of funds. We have an accredited investor fund and super exciting is we actually have a non-accredited investor funds, so anybody can go into it. And it’s got a very small minimum of a thousand dollars. So, it’s really good for, you know, people that are just starting to invest, or if you have really small balance like IRAs and 401ks, it’s a great option for that. So you can always get ahold of me at our website at SecuredInvestmentCorp com. And I’d love to talk with anybody more about that if they have interest in that.

Wendy Sweet (32:02):

Awesome.

Bill Fairman (32:02):

Excellent. So are you going to get on the Robinhood app?

Heather Dreves (32:06):

Well, I would love to.

Jonathan Davis (32:07):

I bet, yeah

Bill Fairman (32:11):

That would be awesome. Kristy, do you have any funds that people can invest with you or are you taking on any kind of joint ventures or anything like that?

Kristy Moore (32:22):

So we don’t have a fun set up. Everything that we do is self owned, but we are actually venturing into that after we’ve had great success in our investments. And you know, for me, I’ve always liked to lose my own money first and then figure things out on my own before investing other people’s money. So we’re going to be starting a fund, but if people want, you know, we’re still looking to acquire more assets, we actually have a 10 31 that’s coming up. So if people have properties for us to look at, to buy to wholesale, they can reach me. They can direct message me on Instagram at The Kristy Moore. They can also find me on our website at KristyMooreTeam.com and on Facebook as well. So I’m happy to talk to anybody about investing or buying some assets that they’re looking onload that they can [Inaudible]. We’re more than happy to take those over

Bill Fairman (33:20):

Any particular part of the country you’re looking to purchase in?

Kristy Moore (33:25):

So we invest mainly in the Southeast as well as Tennessee and Ohio.

Wendy Sweet (33:32):

Awesome.

Bill Fairman (33:32):

Excellent. Well make sure we have that information over in the comment section. So that’ll be on the platform and it will be there in perpetuity. So thanks again for joining us.

Kristy Moore (33:47):

Thank you so much for having me.

Jonathan Davis (33:47):

Thank you.

Heather Dreves (33:48):

Thanks everybody.

Kristy Moore (33:48):

Thank you!

Bill Fairman (33:48):

Yes. I can’t wait to see you guys cause I know it won’t be too long. Folks, thank you so much for joining us on the Passive Acredited Investors Show. That was a lot easier for me to say this time. We are Carolina Capital Management. We are lenders in the real estate business for those interested in borrowing money, go to CarolinaHardMoney.com. Click on the apply now tab.

Jonathan Davis (34:17):

That’s the one.

Bill Fairman (34:17):

If you’re a passive investor, looking for passive returns, click on the accredited investor tab, don’t forget the like share subscribe, hit the bell. And don’t forget to sign up with Wednesday with Wendy. It’s been awesome. We’ll see you guys next week, hopefully. After this last conversation, I just had. You all take care.

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