Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. Today I’m joined by Lizbeth Scordo, a journalist turned real estate agent and investor who has built a thriving portfolio in Palm Springs. We dive into her journey from buying a short sale du...
Welcome back to Radical Wealth Plan, hosted by Paul Mark Morris and brought to you by Entrepreneur Media. Today I’m joined by Lizbeth Scordo, a journalist turned real estate agent and investor who has built a thriving portfolio in Palm Springs. We dive into her journey from buying a short sale during the Great Recession to transforming a mid-century fixer into a high-demand vacation rental. Lizbeth shares the lessons she learned from her early break-even deal, why passion for a place can be a real advantage, and how she turned risk into reward by knowing her market inside and out. This conversation is packed with insights for anyone looking to de-risk their investments and create real cash flow through real estate.
Connect with Paul:
https://www.instagram.com/paulmarkmorris/
Connect with Lizbeth:
https://www.instagram.com/modlizbeth/
Timestamps
00:00:00 Introduction and Guest Background
00:00:53 First Investment in Palm Springs
00:03:42 The 2008 Real Estate Market Crash
00:05:34 Navigating a Down Market
00:09:42 Identifying Market Indicators
00:19:55 Transition to a New Property
00:23:10 Challenges and Learnings
00:39:36 Home Renovation Insights
00:40:38 Creating a Unique Vacation Rental Experience
00:43:22 Airbnb Bookings and Guest Management
00:46:41 Exploring Real Estate Investments
00:47:32 Managing Rentals in Different Locations
00:50:57 Downtown LA and the Arts District
00:54:58 Vacation Rental Market Trends
01:10:13 Magic Tricks and Personal Reflections
Learn more about your ad choices. Visit megaphone.fm/adchoices