Realty411 Magazine Featuring Lori Greymont | Page 29

sea of circumstances life gives me, I make deliberate choices to create the life I want now and in the future. Linda: If there is one trait an investor needs what is that trait? Lori: Decision making. It’s not just a skill needed as an investor, it’s a skill needed in life. Decision making is a process, but no one is teaching it. Instead people are left to feel their way through or to develop a process that works for them, until they make a bad decision and then they are stuck. I never realized how hard it was for people to make decisions until I started teaching real estate investing. People get stuck at the decision stage and never move forward, which in and of itself is a decision. I have created a decision-mak- ing matrix I use with my students, but it really comes down to one simple question: Which decision are you going to regret more at the end of your life? The time you waste waiting to make the perfect decision is time that is lost because “Time is the only thing in life that we never get back.” If you make a decision and you lose mon- ey, you can earn that money back. So what if you make a mistake? Try again. If you let time slip by and you never try, you are left with regret. I want to live my life to the fullest — that sometimes means fail- ing, but you can never find out if success is there if you don’t try. Linda: Is real estate investing for every- one? Lori: I personally think it is, if you are looking to build wealth. When you look at where most of the wealth is built, you will find it is in real estate — for several reasons: It’s real, it’s insurable, it’s in demand, it appreciates in value faster than inflation as an average, and it can be lev- eraged. You can’t do that with traditional investments like stocks, so it’s safe if you invest with the fundamentals in mind. Linda: Have you encountered any chal- lenges that you think are unique to being a woman in real estate? Lori: In my current business, I often work with contractors that are rehabbing my homes. I have been rehabbing since I was a teen, meaning physically doing the work. So now that I am the owner hiring the work to get done, it’s not uncommon for a contractor to offer a solution that costs more than necessary. Realty411Guide.com The riding trails near her home offer Lori the tranquility she needs to balance her busy life as a local real estate leader. I will listen. Then I tell them how I would like it done and pretty much don’t leave any ambiguity that I am correct. I usually get the response of “Oh, I didn’t think of that,” or “Yes, that will work.” Unfortunately, there are some people who have an issue with a woman directing the job. I’ve learned to part ways amicably and move on. There is no value spending valuable energy trying to change their opinion. Linda: What do you love most about investing in real estate? Lori: Making a difference. Our mission is to add value to people, homes and com- munities. Real estate is the one business that encapsulates all of that. I especially enjoy helping people over their fear of whatever is holding them back from cre- PAGE 29 • 2015 ating the life they want. This starts with one decision on their part to make real estate part of their portfolio, and then we go from there. I also enjoy the hunt of the deal. I love cash flow each month off the properties. It comes down to improving or adding value to make a positive impact. Linda: What is your biggest accomplish- ment so far? Lori: Besides raising my children in the business along side of me, my biggest accomplishment has been making a differ- ence that can be measured. We have trans- acted over 1,600 properties since 2010 and in each case we feel we have added value to the people in the transaction, the homes, and the communities. When people were Continued on pg. 62 reWEALTHmag.com