Banking Relationships Have to Be Made Before You Need Them - Nicole Pendergrass

Multifamily Missteps Hosted by Jerome Myers

We all have our reasons to get into the real estate space. For Nicole Pendergrass, it is achieving time freedom not just for herself, but for her mother. However, like any other business, there would be ebbs and flows we have to face. How frustrating is it to be at a disconnect with the people you think should be working with you? Listen as she breaks down the story of her missteps in the industry to save yourself from the heartache.

[00:01 - 06:46] Opening Segment

• Welcoming today’s guest, Nicole Pendergrass
• How she explored the way to earn money while achieving freedom

[06:47 - 13:41] Revise the Roadmap to Success

• Wanting parents to step away from their job to have freedom
• The significance of exposure to true success
• Thinking outside of the box for a better retirement plan

[13:42 - 23:14] The Frustrating and Problematic Disconnect

• How you might be overpaying or missing something
• When mentors are crucial in the underwriting process
• Observable changes in the market during COVID-19

[23:15 - 26:01] Closing Segment

• Get out of analysis paralysis and pull the trigger
• Final words

Tweetable Quotes:

“I did not know that a normal person could invest in real estate and actually make money and have freedom. And that's the thing I've been chasing all these years is just the freedom, it's not about the money. ” - Nicole Pendergrass

“How are you living the life of your dreams when you retire if you follow the footprints that everyone is telling you is like the way to do things?” - Nicole Pendergrass

“At least have these other streams of income built up. Because you cannot rely on the government to provide you with the life of your dreams, or the lifestyle that you want to have when you retire.” - Nicole Pendergrass

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