Category: expert interview

26 Apr 2017

The Biggest Factor That Helped Me Buy a $3,075,000 Property – Interview with Kim Somers Egelsee

I have to admit I was scared.

I took a deep breath as I signed the check request for $75,000.  If we didn’t get the $3,075,000 we needed to purchase this 77-unit building plus the $500,000 to renovate it, we would lose the $75,000 earnest money.  We had never bought an apartment building before.  Up to this date, the largest thing we’d ever managed was a duplex.  I looked at my husband.  He seemed a little pale.  I’m sure I did too.  I took his hand in mine.  “Let’s do this,”  I said.

A week later we put in an offer for another building – 51 units, selling for $1,800,000.

Three months later, we sat toasting at an elegant restaurant in Albuquerque on the day we closed escrow and became the owners. That week we bought two buildings in Albuquerque – 128 units total.  We raised over $2.2 million dollars from private investors and got bank loans totaling $3,900,000.  Even though we’d never done anything like this before, we were able to acquire two properties at the same time.

How were we able to do that?

Here we are signing the papers to purchase that property.

I think one of the biggest factors was confidence.

I’m not particularly special.  I didn’t have the money sitting in my bank account or a trust fund somewhere.  I didn’t have an extensive database of contacts or any special contacts that made the process easier.  I didn’t have much relevant experience.  I didn’t have anything that made me particularly unique or stand out (at least not in anyway that was helpful), but I had confidence in myself and my resourcefulness.  I needed that confidence.

It took confidence to pack up our daughter and drive 12 hours to Albuquerque to check out a market that first time. It took confidence to approach brokers, property managers, and lenders to say – give us your time and get into business with us.  It took confidence to put in Letters of Intent to Buy, saying we’d pay millions of dollars when we had no ability to do that by ourselves.  It took confidence to ask people to partner with us.  It took confidence to ask for $50,000 minimum investments and say “Trust us.  We will take good care of your money and return it with friends.”  It took a lot of confidence and hope, and we did it.  I knew we couldn’t do it alone, but I had confidence in our ability to be resourceful and get it done.

I have confidence that if you trust in yourself, you can do it too.  And if you don’t have that confidence yet, you can develop it.

A couple weeks ago, I interviewed my dear friend and bestselling author, coach, award-winning TedX speaker, and Confidence Expert, Kim Somers Egelsee.  In this short, but powerful video she shares some great exercises to start gaining more confidence right away.  Check it out and let us know your thoughts in the comments.



P.S. Please excuse the poor quality of the sound.  The amazing content that Kim shared more than makes up for the sound IMHO.


30 Mar 2017

Self-Directed Retirement Accounts – Or How You Can Use Your Retirement Funds to Invest in Real Estate

Do you ever think “I’d love to invest in real estate, but I just don’t have the money?”  Well, what if I told you that you might be sitting on tens of thousands or hundreds of thousands of dollars available for investing and you don’t even know it?!

That’s how I was, and I was pretty blown away when I found this out.

In January 2016 my husband and I went to a real estate conference – the Real Estate Guys’ Secrets of Successful Syndication seminar.  There we learned that we had way more access to cash for investment than we thought about – via our retirement accounts.

Most people have IRAs or 401k’s in plans offered through their employers or through one of the bigger financial institutions – Fidelity, Ameritrade, Charles Schwab, etc.  In these accounts there is a set of options of what you can invest in – generally a pretty limited menu of mutual funds and bonds.

I remember being very annoyed at one point because I wanted to put the bulk of my money in a low-fee S&P 500 Index fund (hey, if it’s good enough for Warren Buffett…), and that option wasn’t even available.

There’s a different way of using your retirement funds though – one that gives you a LOT more freedom.  It’s called a self-directed IRA (SD-IRA) or self-directed 401K (SD-401K), and barring a small list of prohibited transactions (basically you can’t invest in collectibles, life insurance, or things that personally benefit you and your family), you can invest in anything else – especially real estate.

Many of the investors in our New Mexico apartment deals have invested via their SD-IRAs.

My husband converted much, though not all, of his retirement funds into a self-directed 401k and has since used those funds to invest in a syndication of a 496 unit complex in Atlanta.  I’m about to convert one of my IRAs to a SD-IRA (I figure if I’m going to do it, during a record high is a great time to sell), so I have that available for investing.

Self-directed retirement accounts are a wonderful option that opens you up to a whole new world of investing.

If you want to find out more about using self-directed retirement accounts – the possibilities and the potential pitfalls, you should check out our latest podcast.

I interviewed Carole Ellis, co-founder of the Self-Directed Investor (SDI) Society and news editor for the SDI News, the top news publication in America for self-directed investors. She offered up a wealth of information about self-directed investments, and we had a really fun chat.

Check it out and let me know what you think about self-directed investing and what questions you may have.  Also, let us know what’s the next step you’re going to take towards your real estate investing. Post in the comments below.

Happy Investing!

P.S. I co-hosting a very special, transformational creative 1-day woman’s retreat called Step Into Your Magical Self Retreat on May 27, 2017.  Tickets are now available! Early bird pricing is still in effect, and tickets are limited, so grab your tickets and plan to be there.  Also, plan to bring your sister, mom, cousin, or bestie – there’s a substantial discount if you buy two tickets.  This event is all about sisterhood!


 Monick Halm is the co-founder of Real Estate Investor Goddesses.  She is a real estate investor with over 11 years of investing experience in single family, multi-family, mobile home parks, flipping, and syndication. She is also a certified interior designer, Feng Shui expert, author, speaker, certified NLP and money coach, and attorney.  Monick is passionate about real estate, design, and helping women to thrive.


22 Mar 2017

Women & Wealth – Expert Interview with Barbara Stanny


I had an incredible expert interview with an idol of mine – Barbara Stanny, a leading authority on women and wealth and bestselling author of Prince Charming Isn’t Coming, Secrets of Six-Figure Women, Overcoming Underearning, and Sacred Success.

Barbara Stanny’s works have helped me to transform my life – especially around money, so I was pretty excited to be interviewing her.  You can probably tell this by the super cheesy perma-grin I’m wearing on my face the entire time we spoke.

Click on the link above to check out this interview.

In the video she shares about:

  • The three levels of financial development
  • What it takes to go from financial survival mode to stability to affluence
  • How women are different from men when it comes to money and success
  • The three factors that make a biggest difference in a women’s experience of wealth, and
  • The four stages of Sacred Success

It is so full of wisdom – Barbara was just dropping golden nuggets every other sentence.  She should be called the Nugget Bomber.

Some of my favorite Barbara Stanny nuggets of wisdom were:

“If you don’t deal with your money, your money will deal with you.”

“As I reread my transcripts [of interviews of 7-figure women], I realized I’d been so dazzled by how much money these women were making, that I completely missed the way they were doing it.  And they were doing it in a very different way in which the world, i.e., men, models.  And suddenly, and during that these four days, I realized this new game they were playing  …was what I called Sacred Success.”

“Sacred Success means pursuing your highest purpose for your own bliss and the benefit of others while being richly rewarded.”

“The primary goal of sacred success is greatness.”

“Greatness is that place where your deep gladness: doing what you were put on this planet to do,  meets the world’s deep hunger.”

“Resistance is going to come.  Don’t let it throw you off your wealth building wagon.”

Let me know what your favorite nuggets of wisdom were from the interview.  Post in the comments.  And get more nuggets of wisdom from Barbara Stanny at her First Monday of every month – it’s a free group coaching call for women around money.  Register for this call at