PFREI Series Episode 153: Eudania Burrell

Are you in a financial dilemma and not knowing what the future holds for you? Maybe your home was repossessed because you lost your job and could no longer pay the mortgages and bank loans. Such obstacles could be your way up to something better and bigger than you think. All you need is the right mindset and finding something to do, something you love, and something that gives you hope. Time and again, real estate investing has proved to be one of those strategies that gives hope after a shattered financial life. The good thing is that you are not alone. Eudania Burrell, who joins us in this episode, is one of the best examples to inspire you.
Eudania has had a successful career at the Department of Homeland Security for over 20 years. Despite facing challenges, like nearly losing her job during the COVID-19 pandemic and her home flooding the same week, Eudania did not give up. She needed something to keep her going, something to be passionate about, and something to look forward to. Real estate investing provided her with just that. She joined the Connected Investors network, learned about their software, and charted her own course through some guidance. She secured her first three real estate deals in three months and successfully closed them, and she has never looked back since.
In this episode, Eudania talks about the strategies she used to get herself off the ground, up to the point of launching a company, Renew Me Properties. Initially, the company focussed on wholesaling in order to help her build the capital reserves but recently got into subject 2 deals, buy and hold and also gap lending. She explains how her diverse approach to real estate has been a real success. Subject 2 deals are good if you do them with the right paperwork legally that protects both parties. She also points out that you do not need currency to get started in real estate. A good network is the first thing you need. A network is a form of currency in itself.
She also points out that interest rates are not slowing down her real estate investing, and it should not slow you down, too. You just have to learn to pivot and become a better investor. She is not fixed on the strategies to use. All she does is wait for the deals to dictate the strategy. Through that, she has developed a mindset of not seeing challenges as setbacks but as potential to learn new things. Every deal has had something to teach her. The interest rates may be high, but you must understand that you are buying an asset that will pay for itself when you do it right. Learn how to move with the market. Do not be rigid in your strategies.
Tune in to get insights into Eudania’s real estate strategies and tips for your success.
Highlights from the Interview
Eudania’s journey into real estate while still working in Homeland Security
How the Covid pandemic impacted lives either positively or negatively
A bit about Renew Me Properties, a company Eudania launched
Why Eudania is so passionate about real estate investing
Challenges she is going through in the market with increased interest rates
Goals and predictions for her 2024 Q1
Eudania’s biggest challenge and what she is doing to overcome it
Best ways to reach out and connect with Eudania