072: Purchase Your First Real Estate Investment Property w/ Roxanne Little

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Roxanne Little, originally from Trinidad and Tobago, migrated to the United States at the age of 16. After graduating high school, she joined the United States Marine Corps and served with honor from 2001 – 2010.

In 2014 she purchased her first real estate property. Four years later, she became an active investor and started expanding her portfolio. Roxanne currently owns three properties: two occupied with tenants, one fix and flip. She is a creative thinker, problem solver, decision maker...and she is an author.

In 2017 Roxanne published her first children's' book under the pen name Hazel Walcott as a creative outlet for her spiritual struggles and a tool for her daughter who was struggling with reading. The book, titled "The Choice", helped her daughter to articulate her thoughts and words when she is speaking with her teachers and other children her age.

In the real estate arena, Roxanne has built relationships with private lenders as well as investors for properties in Anne Arundel County, Prince George’s County, Montgomery County, Baltimore County and Northern Virginia on (duplexes, lease options, single family homes, rental properties, wholesale deals, and short-sales and fix and flip). Her goal is to leave a legacy for her children, as well as spending more time with them versus working hard for someone else.

In today's episode, Roxanne shares the stories of how she invested in the tools resources and mentors she needed to be successful in real estate BEFORE becoming an active investor. She also teaches us the critical formulas that you need to know before you decide to purchase your first real estate investment property.

Fix & Flip Formula

(After Repairs Value [ARV] x 70%) - Repair Costs = Max Allowable Offer [MAO]

Wholesaling Formula

Buyer's Price - Your Desired Profit = Max Allowable Offer

Buy Roxanne's Children's Book "The Choice"

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