Taking Bold Steps with Sri Latha

Imagine a world where one apartment could replace your salary.

After a health scare in 2010, Sri and her husband shifted their focus to real estate, starting with a 12-unit in Dallas before transitioning to California. After many successful multifamily deals, Sri is now looking to reposition hotels into multifamily communities.

Sri Latha joins John Carney today in The Real Estate Locker Room to discuss her strategy for real estate success.

Tune into our conversation here iTunes - Stitcher - Spotify

Key Points:

1. Hard Money Lending- high interest rates but accessible.
2. Strategies that work for California: Cash for Keys. ADUs. Layout Changes.
   1. Cash for keys: the current tenant will receive an mutually agreed upon sum in exchange for leaving the rent control unit.
   2. ADU: adding “in law unit” to the property.
   3. Layout Changes: converting small spaces into larger living area. Ie- studio converted to a one bedroom.
3. BRRRR: Buy, Renovate, Rent, Refinance and Repeat.
4. Don’t spread yourself too thin.

Favorite Books:

• Atomic Habits: An Easy & Proven Way to Build Good Habits & Break Bad Ones
• How To Increase the Value of Real Estate

Pro tip:

• Go one step deeper than where the average investor goes. Ask a lot of questions.

Thank you, Sri Latha for taking the time to share your strategy for success in California and creating passive income with the audience.

Invest well,

John Carney