Monick Halm is a real estate investor, developer, and syndicator with over 12 years of residential real estate investing experience in single family, multi-family, mobile home parks, and flipping. She delights in adding value for her investors and tenants through improved management and the targeted remodeling and rehabbing of properties.
Prior to becoming a real estate investor, Monick Halm practiced corporate litigation for 9 years at top law firms in Los Angeles. She earned her Juris Doctorate degree from Columbia Law School in New York. She is also a certified interior designer, feng shui expert, author, speaker, certified coach, and the co-founder of Real Estate Investor Goddesses. She is passionate about real estate, design, and helping women to thrive.
Monick’s Story & How Real Estate Investor Goddesses was Born:
My husband and I had been flipping houses in Los Angeles and finding it harder and harder to make deals work. We decided we wanted to get into multi-family real estate investment because we wanted to be able to have some passive cash flow, build up some equity, and leave a legacy for our kids. We started looking and asked our real estate agent to help us.
The real estate agent that had helped us get our single family house knew nothing about investment property. Though she tried her best, she really was completely ignorant about what we needed to look for and alas, mostly so were we. The commercial brokers who could have helped us were not interested in speaking to “small fries” who had no real experience in multi-family investing. We were looking for a 4-plex in Los Angeles where we live, and the prices were unbelievably high. It was really hard to find a deal where (a) we could even afford it and (b) where we’d be making any money. I was incredibly frustrated and rather despaired that we’d ever find anything. And then fate stepped in (as it often does when you’re on the right path)…
In October 2015 I met this man that would eventually become my mentor. His name is Robert Helms and he’s the co-host of the Real Estate Guys Radio podcast. He’s also a real estate investor and developer with hundreds of millions of dollars worth of deals under his belt. A 10-minute conversation with him changed my life. In that ten minutes I realized where I’d been going wrong.
First, we were looking in a market where the numbers didn’t make any sense for what we were trying to do.
Second, we were not taking advantage of leverage. He opened my mind to the idea that instead of trying to get 1 4-plex by ourselves, we could partner with a group of investors and get a 200-unit building. We could have a much bigger payout with less work and less risk.
Third, I realized I wasn’t around people who were thinking big enough. In my previous crowd, everyone thought getting a 4-plex was a big deal. No one I knew would have conceived of investing in a 200-unit apartment building! I decided right then and there, I wanted to be around folks who were thinking much bigger and to learn to think like them. That night I went home and told my husband we were signing up for the next Real Estate Guys’ syndication seminar. We signed up and bought our plane tickets to Phoenix.
We attended that event the following January. Since then we’ve attended 10+ other different real estate conferences all over the country and 1 real estate event in Belize. We’ve joined two real estate mentorship groups. We have watched dozens of hours of training videos and read half a dozen books. We invested hundreds of hours and over $60,000 that calendar year alone to learn how to successfully invest in real estate and it’s paid off.
What we’ve learned and the community we surrounded ourselves with have really helped us to collapse time frames. Over the course of the following year we passively invested in a 320-unit building in Dallas and a 489 unit complex in Atlanta, syndicated a 109-unit mobile home park, a 77-unit building and a 51-unit building in Albuquerque, New Mexico, and are now developing a mobile home community in Lousiana. And we’ve accomplishing all this for less money than we would have invested to buy that 4-plex in Los Angeles.
I’m not sharing this to brag, but to show what is possible.
All this has been great. But…there was one big thing I noticed was largely missing from all the trainings I went to: the feminine presence. I’d look around these rooms where I was learning incredibly valuable information and usually less than 10% of attendants were women!
There are relatively so few women in the real estate investment realm and I desired to change that. That desire led me to co-create Real Estate Investor Goddesses with Denise Cooper, money coach extraordinaire. And now Denise and I have created a membership community and mastermind that will help you quantum leap into real estate investing at a fraction of the time and cost I did, and with a heightened dose of pleasure.