Going Big and Working with Partners with Tiffany Ward
Tiffany Ward is a new mother, cross-fitter, and real estate investor. She started investing in real estate by buying a foreclosure at the age of 23 in Richmond, VA. In 2019, she turned to multifamily investing and in her first apartment deal invested out of state and served as a Key Principal. Tiffany founded Utmost Capital and works with others to invest alongside her in apartments.
Let’s dive in to hear more on real estate investing and business. LISTEN HERE:
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[00:01 – 05:20] Opening Segment
Tiffany talks about her background.
Why she is pursuing real estate
How her parents being debt free affected her approach to real estate
[05:20 – 11:28] Why Real Estate?
What the first deal she did was like
How she overcame paying too much and other obstacles in her first deal
Lessons Tiffany took away from her first deal
Why you should definitely have a property manager
Why having operating reserves is crucial
How a mentor can accelerate your process exponentially
How thinking bigger allowed her to pivot to multifamily
[11:28 – 19:20] Covid Aftermath and Joint Venture
How Tiffany started seeing the effects that COVID had on her business later on
Joint Venture vs. Syndication
The key differences between a key principle and an operator.
How Tiffany got comfortable with the market.
Best practices to learn about an area to invest in.
[19:20 – 24:49] Bullseye Round
Not trusting her gut
Most Recommended Book:
Taking her dog to walks
How she can get her kid to bed at night
I Wish I Knew When I Was Starting:
The power of a partnership
Best Place to Grab a Bite in Richmond
Reach out to Tiffany at firstname.lastname@example.org
“If people don’t know you, they are not going to be interested in investing in deals with you.” - Tiffany Ward
“Trust in your gut as it pertains.” - Tiffany Ward
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