43. Building Success in Real Estate and Short-Term Rentals with Ann Marie Folan

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In this episode, host Michael Chang welcomes Ann Marie Folan, a real estate broker at Douglas Elliman, to discuss her journey from being a real estate attorney to a successful real estate broker and investor in Manhattan and the Hamptons. They explore Ann Marie's strategies for real estate investments, including the short-term rental market, and delve into her personal story of how she leverages property investment to build substantial equity. Ann Marie also shares insights into her operational approach, managing multiple properties, and instilling entrepreneurial skills and resilience in her daughter. The episode highlights the significance of equity building, property management, and the multifaceted aspects of successful real estate investment.

00:00 Introduction and Podcast Growth

00:26 Guest Introduction: Ann Marie Folan

01:24 Anne Marie's Real Estate Journey

02:10 Manhattan Real Estate Insights

04:23 Success in the Hamptons

08:23 First Hamptons Property Purchase

16:00 Diverse Perspectives in Real Estate

16:33 Optimizing for Equity Over Cash Flow

16:47 House Number Two: A Case Study

19:02 Managing Multiple Properties

23:36 The Third House: A New Venture

26:59 Teaching the Next Generation

32:34 Concluding Thoughts and Contact Information

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