Insider Secrets 48 with Kaylee McMahon

<p><strong>Standout Quotes:</strong></p> <p>"It's not where you get in business, it's who you become along the way". - [Mike]</p> <p>"You have to check what you're doing and why you're doing it". - [Kaylee]</p> <p>"If you want to have success in this industry you have to have these people that know more than you, and you have to ask them 'what is the best way to do this?' and you've got to trust them". - [Kaylee]</p> <p>"Your Networth is equal to your Network". - [Mike]</p> <p>"Success leaves clues". - [Mike]</p> <p> </p> <p><strong>Key Takeaways:</strong></p> <p>- Kaylee describes herself as 'Resilient'</p> <p>- Her initial business was not Real Estate related. </p> <p>- Kaylee shares that what she cares about the most is helping other women learn how to create Real Estate cash flow, realizing that how she was going to take care of herself and other people in her life was by being financially secure and empowered.</p> <p>- She discusses an App that helps new investors figure out how to get started with Real Estate.</p> <p>- Kaylee's advice For new investors: Get educated, find out your learning style, figure out your profile, lean on professionals, "You need to have a very experienced attorney".</p> <p>- A major pitfall to look out for is 'Over-leverage', a situation where there is more or less no profit; anything over 75% is in the risky range of overleveraging.</p> <p> </p> <p><strong>Episode Timeline:</strong></p> <p>[02:00] Today's guest, "Kaylee Mcmahon", is introduced, as she discusses "Understanding your 'Why' in business" and Investing currently in the Dallas-fort Worth market.</p> <p>[03:00] In one word, what best describes you personally and professionally?</p> <p>[03:50] Kaylee shares her background</p> <p>[08:34] Where's your company going this year?</p> <p>[12:04] What would be your advice to a new investor today on how to get started?</p> <p>[22:26] Do you manage your property or do you have third-party management?</p> <p>[22:48] What pitfalls do you see today that other active investors should loo