What would you be willing to change in your life to take real control of your financial future?
In this episode, I sit down with Annette Hemmert, founder of Covenant Capital. Annette graduated from Texas Tech University with a degree in Biology and has worked as a pharmaceutical rep for 12 years. She started investing in real estate in 2022 because she wanted more control over her portfolio and knew she needed to create passive income streams. Since then, she and her husband have partnered as general partners on four multifamily deals.
We talk about the moment that pushed Annette to stop studying real estate and start doing it, and what she and her husband were willing to give up to free up capital for their first deals. Annette shares how she found multifamily, why she thinks of apartments as a business instead of just an investment, and what she wishes she had known before choosing her first mentor. We also get into raising capital when you have never asked anyone for six figures before.
Timestamp
00:00 Intro
03:03 From pharmaceutical sales to pursuing financial freedom
05:31 The breaking point that pushed Annette to take control of her finances
06:57 Mindset shifts for building wealth beyond saving and investing in the stock market
10:42 Why Annette sold her home and moved into an apartment to invest in multifamily
18:11 How Annette found multifamily real estate investing
20:49 Why Texas is a strong market for multifamily investors
22:19 Getting started as a multifamily GP and choosing the right mentor
25:07 How to raise capital for your first multifamily deal
29:12 Why investing in real estate education pays off
30:56 Advice for new multifamily investors
What We Cover
- Annette's journey from pharmaceutical sales to multifamily general partner
- Why a traditional saving and 401k mindset can keep you in accumulation mode
- Why she and her husband sold their home to free up equity for investing
- How to think about apartments as a business you can track and improve
- How to choose a mentor and what to watch for in a mastermind
- How to raise capital and shift your mindset when asking for six figures
- Why Texas remains a strong market for multifamily investors
Key Takeaways
- Be careful who your teachers are, look for someone who has done what you want to do and is fully transparent
- Fixed rate debt held long term protects you when interest rates move
- Raising capital is a mindset shift, going from investing six figures to asking others to invest with you
- Every big move is disruptive, so expect discomfort and plan for it
- A short season of discipline while you learn will serve you for the rest of your investing journey
Connect with Annette Hemmert
- Website: https://covenantcapitaltx.com
- LinkedIn: https://www.linkedin.com/in/annette-hemmert-8a342198
- Instagram: @annette_hemmert
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