E012: Downsizing to Make Room for Better Opportunities with Arlene and Dean Quirk

<p>Based in Milford, Pennsylvania, Arlene Quirk has been a realtor for 22 years now and has been with Keller Williams since 2010.</p> <p>Both Arlene and Dean have backgrounds in food and beverage and hotel management. Arlene went into hotel management for 15 years and Dean went from restaurant management to food administration in the prison system. 30 years out, Dean’s retirement fund gave way for Arlene to jump into real estate investing.</p> <p>They bought a condo as a real estate rental investment knowing that when the market got good, they would sell their house and downsize – and so they did it.</p> <p><strong>Here’s what we talked about:</strong></p> <ul> <li>The power of teamwork even when<br> </li> <li>Why you should build a real estate team<br> </li> <li>What made them jump into Renault<br> </li> <li>Leveraging syndication the best way you can<br> </li> <li>The role of culture when choosing where to invest<br> </li> <li>How to realize your vision<br> </li> </ul> <p><strong>Episode Highlights:</strong></p> <p><strong>The Power of Teamwork</strong></p> <p>Even if you don't have a spouse or significant other, you can align yourself with a team of people to make your dreams work.</p> <p>That being said, it’s still important to create vision boards and dream boards with your partner to help you figure out where you want to go and where you want to be. This sets you up for success in passive income. There could be sacrifices to be had. In Arlene and Dean's case, they had to downsize their house.</p> <p><strong>Why You Should Build A Real Estate Team</strong></p> <p>Building a real estate team allows you to have a little downtime at the same time. This allows you some space and time to travel and temporarily disconnect whenever you need to.</p> <p><strong>Active vs. Passive Income</strong></p> <p>You can actually buy a house wherein you can rent out the rooms. That way, your housing is free to you and you're renting it out. This is the active way. People actually have to go buy it and they have to tak