Overview
In this new episode of the Build Your Network podcast, Travis Chappell interviews Ali Boone, a lifestyle entrepreneur, business consultant, and real estate, investor.
Topics Discussed:
- About Ali Booneo Lifestyle Entrepreneur.o Business consultant.
o Real estate investor.
o Left her job as an aerospace engineer to work for herself.
o Went from food stamps in the first year of entrepreneurship to over $18 million in real estate transactions in her first five years.
oShe teaches flying.
o Volunteering in prisons.
- Ali Boone’s background
o Started flying planes
o Worked as an engineer
o Wanted to make a lot of money
oShe was “freakishly independent”
- Advice for Finding Your Career
o Patience.
o Research and exploration.
o Being able to support yourself.
o Finding mentors.
o Working with good people.
- Real estate Investing
o Was up for the challenge to prove doubters wrong.
o Her first investment was a beachfront bungalow in Nicaragua for $99,000—
which ultimately failed.
o In my first 18 months of investing, I bought five properties, primary with different
variances of creative financing and that started my real estate investing career.
- Creative Financing
oAsk how you can make it happen, not if you can make it happen.
o Her first financing was mostly her own with credit cards and savings.
o Partnered with a man after buying a property in Atlanta.
o Ali doesn’t encourage investors to partner with friends and family.
o Met people on the selling side and people that wanted to invest through
networking.
o Ali’s business is like a match-maker with sellers and buyers, not flipping
properties.
o Turn-key properties have been part of her portfolio.
o Doing the least amount of work for the most amount of money.
- Who You Know vs. What You Know
o It is more important to know the people that know more than you.
o What you don’t know can hurt you.
o Mentors are important.
oShe read a lot of physical books, more than podcasts, to piggyback off of what
they know.
The Random Round:
- What profession other than your own do you think it would be fun to attempt?o Surfing instructoro Running a tiki hut in a Caribbean island.
- If you could sit on a park bench with someone, past or present, and talk to them for an
hour who would it be and why?
oJack Canfield.
- How do you like to consume content?
oReading physical books.
- What is a book that you would recommend for the audience to read?
oLife book: “The Success Principles” by Jack Canfield.
- Give us a glimpse of your morning routine.
o Sleeping until she wants to wake up.
o Play with her dog.
o Watch a soap opera.
o Go to the gym.
- What is your go-to pump up song?
o Any rock song from the 1980s.
- What is something you are just not very good at?
o Details.
- What is a place online that we would find you the most?
o Writing for BiggerPockets.com
Tweetable Quotes:
-“I literally spend five years just researching and exploring.” – Ali Boone.
-“My very first intentional investment was a beachfront bungalow in Nicaragua for $99,000.” – Ali Boone.
-“In my first 18 months of investing I bought five properties, primary with different variances of creative financing, and that started my real estate investing career, which then turned into a business later.” – Ali Boone.
Resources Mentioned:
- BuildYourNetwork.co – Podcast website
- BYN.media/fb – Facebook Group
- Linkedin.com/in/ali-boone – Linked page for Ali Boone
- Hipster Investments – Website for Hipster Investments
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