March 19, 2026

Money Makin’ Mamas Nancy and Kelcie on The Mompreneur Model with Dori DeCarlo

Money Makin’ Mamas Nancy and Kelcie on The Mompreneur Model with Dori DeCarlo
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Money Makin’ Mamas Nancy and Kelcie on The Mompreneur Model with Dori DeCarlo

Money Makin' Mamas Nancy & Kelcie Help You Transition From Employment Income to Asset-Based Income.

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Money Makin’ Mamas Nancy and Kelcie present single-family investing as a business process defined by opportunity evaluation, disciplined acquisition, and long-term income development.

Nancy Wallace-Laabs is a seasoned real estate investor, broker, best-selling author, and nationally recognized speaker with nearly two decades of experience helping others create financial independence through property investing. She has been featured on numerous podcasts and at industry conferences for her expertise in simplifying real estate investing for everyday families. Nancy has trained hundreds of investors and Realtors through her CE-accredited courses and is known for her approachable, story-driven teaching style that empowers women to build confidence and long-term wealth.

Kelcie Leka brings a modern, corporate-savvy perspective to the Money Makin’ Mamas brand. Before stepping into real estate full-time, she built her career at a Fortune 500 company, where she gained expertise in operations, leadership, and strategic planning. Kelcie’s firsthand experience balancing career, motherhood, and financial goals allows her to connect deeply with moms who want to invest but feel short on time, money, or confidence.  

Together, Nancy and Kelcie founded Money Makin’ Mamas, a coaching and education company dedicated to helping moms create financial freedom through real estate investing, without sacrificing family time. As a mother–daughter team, they combine seasoned expertise with fresh insight to show women that wealth-building isn’t just possible, it’s practical, empowering, and within reach for every mom ready to take the first step.

Join host Dori DeCarlo on The Mompreneur Model and connect with Nancy and Kelcie at MoneyMakinMamas.com and on LinkedIn, Facebook, Instagram, YouTube and tune into the Money Makin Mamas Podcast, too.

Be sure to follow us on FacebookInstagram and BlueSky and click here and come tell us your story!

Please support UnsilencedVoices.org a global 501(c)3 nonprofit that empowers survivors of domestic violence, sexual assault, and human trafficking. We thank Smith Sisters and the Sunday Drivers for our theme song, "She is You".

WordofMomRadio.com - sharing the wisdom of women, in business and in life.

Become a supporter of this podcast: https://www.spreaker.com/podcast/word-of-mom-radio--5252572/support.

WEBVTT

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She is sure, she is true, she is straw is straw,

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She is true, is true, she is praise, pray, she

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is pse, she is you.

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Hello, everyone, Welcome to today's Word of Mom Radio. Here

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on the Word of Mom Media Network. I'm your host,

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Dori Di Carlo, and you know we are here week

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after week, show after show breaking those myths that mompreneurs

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and business women, especially those of us building our businesses

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from home, that we're just dabbling in between bake sales

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and getting our nails done. We're not. We are smart,

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we are savvy, and we are sharing the wisdom of

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women in business and in life. And I'm looking forward

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to bringing today's guests in because as a mompreneur, nothing

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is more exciting than when your child is working with you.

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So I love the two women that I'm going to share.

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Nancy Wallace Lobs is a seasoned real estate investor, broker,

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best selling author, and nationally recognized speaker with nearly two

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decades of experience helping others create financial independence through property investing.

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She has been featured on numerous podcasts and at industry

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conferences for her expertise in simplifying real estate investing For

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everyday families. Nancy has trained hundreds of investors in realtors

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through her accredited courses and is known for her approachable,

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story driven teaching lifestyle that empowers women to build confidence

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and long term wealth. Kelsey Lica brings a modern, corporate

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savvy perspective to Money Making Mama's brand. Before stepping into

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real estate full time, she built her career at a

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Fortune five hundred company, where she gained expertise in operations, leadership,

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and strategic planning. Kelsey's first hand experience balancing career, motherhood,

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and financial goals allows her to connect deeply with moms

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who want to invest but feel short on time, money,

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or confidence. Together, Nancy and Kelsey founded Money Making Mamas,

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a coaching and education company dedicated to helping moms create

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financial freedom through real estate investing without sacrificing family time.

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As a mother and daughter team, they combine seasoned expertise

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with fresh insight to grow and show women that wealth

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building isn't just possible, it's practical, empowering, and within reach

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for every mom ready to take the first step. So

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I could keep going on, But with all that being said,

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I'd much rather bring mother daughter team into Word of

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Mom radios. So, Nancy Kelsey, welcome to Word of Mom.

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Well, thank you, Toy, thank you so much for having

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us on. And you know, we're saying hi to everybody

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out there, and we're excited. We you know, we like

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to show up and share our story and you know, hopefully,

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like leave empower meant for other women to say, you

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know what, I can do this too, and you know,

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whether it's real estate investing, but just having confidence and

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I'm excited to be doing it with my daughter. That

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was kind of one of my I've been an entrepreneur

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for a long time and it was always a dream

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of mine that one day, you know, my daughter would

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join me. So Kelsey say hello, yes.

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Hi, thank you so much, Doy for having us. And

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just like Nancy said, we just hope to leave and

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empower women honestly and just ultimately help them at the

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end of the day.

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Oh well, I'm excited to share the both of you.

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And I'd like to ask what the inspiration was to

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start money making mamas and how did your journey as

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a mother daughter team in real estate begin.

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Well, I'll start off because I now we focus on

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single family investing, so I have you know, done multi

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family and you know, but what we specialize is in

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is single family, like you know, Airbnb properties, long term rentals,

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that kind of thing. So I've been doing it since

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two thousand and six. And I don't want to jump

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on Kelsey's bandwagon. But when she was a kid, you know,

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I used to drag her. My husband and I would

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drag her out to our flip properties, and you know,

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she couldn't get too excited about you know, she was

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in the garage, you know, sweeping out trash or you know,

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had hoarder homes or painting cabinets or that kind of thing.

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So that was her introduction to real estate investing. And

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from there I had a great mentor you know, I

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can remember still the first time I bought my first property,

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and I just had pits in my stomach, you know, like,

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oh my gosh, what am I doing. I don't know anything,

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And I watched a lot of those HGTV shows. I

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was like, Yes, this is what I want to do,

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and I had the I met a wonderful person who

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sold me my first rental property, and from there I

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just I just I'm just very passionate about it because

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I found that once you know the steps, it's super

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easy to make money in real estate investing. So I'm

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going to draw off here because then Kelsey can share

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how then we came together for money making moms.

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Yeah. So I wouldn't say that I have like the

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hundred percent same passion as real estate investing as my

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mom does. But I have a passion with just my

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kids and like just staying home with them. And when

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I was pregnant with my second one, I had we

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had bought our first house. That's all we really had done.

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It was a you know three two definitely needed some

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TLC and uh, I just wanted to stay home with

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my kids. And honestly, at the end of the day,

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all my paycheck was just going to daycare. So I

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was like, well, that's silly. I don't want to, you know,

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pay someone else to watch my kids, and my kids

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are sick all the time. So ultimately I went to

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mom and I just said, hey, I've always been on

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the sidelines, can you teach me? And we were able

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to through some properties and some partnering opportunities that came

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up with investing in real estate, I was able to

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quit my job and have the kids stay home with

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me and replace my income and ultimately just escape that

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rat race of the corporate world.

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And so although I.

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Don't I you know, I always had that fear of

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it's just too intimidating and whatnot. But yeah, and then

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that's just kind of how money Making Mamas was born.

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We realized that other moms out there wanted the same

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thing and that we could help them to spend time

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with their kids, because I feel like, at the end

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of the day, that's what we want. And you always

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hear spend time with your kids when they're young, and yeah,

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that's I mean, it's the greatest gift, I think.

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So, so that's what I'm passionate about, and in real

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estate investing has helped me with that. And it's so

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funny doory because what ended up happening as we were,

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you know, talking about names, and you know, we had

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to work through the own mother daughter for all for

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all of you that are mothers and have daughters you know,

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sometimes yeah, you know clash. So we had to have

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a sit down about Okay, we have roles, so we

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have define roles in the company and we do folks

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on it. But what's happened now is that we've actually evolved.

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We've been in business for as money making moms for

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a little over a year and a half going on

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two years now, and so what we've realized is it's

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not just moms with young kids. It's moms, you know,

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older moms. It's women who are looking to leave the

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rat race. You know that we're working nine to five

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and you know, we have an entrepreneurial spirit, but we

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need to break out and so we feel that real

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estate investing is a very strong path for women to

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do that. So it's been very exciting to see how

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our brand has been growing and not just reaching you know,

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Kelsey's age group, which is very exciting, but also older

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moms or moms that you know their kids have their

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empty nesters, you know, maybe they're thinking they don't have

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enough money now for retirement, divorces, you know, widowers. So

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it's really been our brand has evolved into helping women

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get out of the rat race and make their own

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income through real estate investing. So that's been really exciting

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as well. And so then we ended up having we

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do have a coaching program, but then we are active

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investors as well, and the key to our success, I

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would say is that to be to really find the deals,

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we focus on off market property. So I am a

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licensed real estate broker here in Texas, so I have

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access to the Multiple Listing service and we use that

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to you know, run our numbers and make sure we're

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buying deals. But what I have found over the years

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is the best deals are the ones that you make

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from what we call off market properties. They're not on

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the they're not on the MLS. We've built a network

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of how to find properties, like just even door knocking,

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you know, or identifying properties in a neighborhood that are

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very run down. You've probably no matter where you live,

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there's always that house, right and people are like what.

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So we've helped women identify that. And I think the

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biggest hurdle when when we've gone through this is we

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tackle the questions. So it's like, Okay, well, how do

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you find a deal? What does a deal look like?

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And then how do you pay for it? And so

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one of the big myths that we knock down is

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that you know, you don't have to have you know,

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you have to have some money. I'm not here saying

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you can invest with no money. You got to have

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some money, But do you always need the twenty twenty

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five thousand and fifty thousand dollars to invest in real estate?

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No, you do not.

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So there's so many ways that you can make money

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in real estate. And I think, you know, we just

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like to break down the barriers and work with women

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about Okay, well where are you at? And we meet

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women where they're at today, you know, to get to

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where they want to be. And I think that's been

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our success. When't you say, Kelsey, yeah, I agree.

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What do you say to that mom or do that

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woman out there listening who has that fear they don't

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have the time or the money. Like you said, you

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don't have to have a lot, But what do you

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say to them to make them realize that they can

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do this too?

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So this is what we say. So I learned step

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by step. So I believe in mentorship. You know, you

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have got to have somebody that you trust, no like

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that can show you the ropes. And that's how I started.

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That's and then I'm in turn teaching Kelsey that. So

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you know, you hear about the people like I'll meet

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people and they'll say, well, I want to make you

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know one hundred thousand dollars on a flip. And you know,

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I'm not saying that that never happens, but you know,

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I'm more of a slow and steady gown. So you

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learn the steps and you build it one brick at

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a time. So we started out with one house, and

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I learned one strategy because there's a lot of different strategies,

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and I think what happens is we get overwhelmed because

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we're like, oh my gosh. We hear all these different

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people talking about all these different ways you can make money.

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There's you know, no money down or you know, buying

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notes or tax auctions and that kind of thing. And

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I'll just tell the audience, I've never bought a foreclosure property.

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I have gone door knocking because I had, you know,

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paid for a coach that told me to go to

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door knocking. And I never got one house. I yelled

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at a lot, I got dogs chasing me. I never

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got a house. And you know, we just learned to

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build a really great referral network. So one of the

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things that I kind of became a specialist at is

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working with families who recently lost somebody, someone passed away

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in the family and you know, you if you just

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start telling people that you're interested in buying real estate,

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you'll be amazed at all of the people that know

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somebody that need to sell a house. Because a lot

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of times our tagline when I go to a networking event,

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I'll say I can buy houses that realtors can't sell.

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We've all been there. We've seen those horder homes. I

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watch Horder TV right, and you know, I work with

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realtors all the time about houses that they just can't

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sell or the person would take such a loss, or

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a lot of times sellers don't have money to fix

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up the house, you know, because of the situation they're in.

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So back to your question about what we tell moms

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and women in general, is you start with one step,

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you know, learn about the neighborhood that you would like

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to invest in. There's some very simple steps that you

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can take. Learn what the current market is in your

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you know, own backyard. So where we live at I

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live in Frisco, Texas, and I would love to tell you,

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and Kelsey will tell you this too, that we are

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investing in our own backyard and we are not because

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the price is so expensive here. It doesn't make sense right,

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So you have to kind of know what your current

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market situation is and then how do the numbers. It's

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really knowing some simple math and knowing how to apply

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the formula. So that's what we do. So we invest

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in areas we call them secondary markets. So I literally

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like drive about maybe ninety miles from where I live,

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and I find deals all the time. If anybody's familiar

242
00:12:58.960 --> 00:13:03.399
with the Dallas Fort Worth area, Dallas, there's still deals

243
00:13:03.440 --> 00:13:05.879
to be found in Dallas, There's still deals to be

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00:13:05.919 --> 00:13:09.039
found in four word, it's just the particular suburb that

245
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I live in. A lot of people are moving here.

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00:13:11.200 --> 00:13:13.000
We have a lot of touristy kind of things, and

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you can buy some high end properties if you you know,

248
00:13:16.440 --> 00:13:17.840
if you want to buy like say a half a

249
00:13:17.879 --> 00:13:20.919
million dollar house to do Airbnb. I'm not that kind

250
00:13:20.919 --> 00:13:24.080
of investor, So when I look for a property, I

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rarely spend more than two hundred thousand dollars, you know,

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on the full price of the property. So the first

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step is just one knowing your market. If I had

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to break it down into three things, I'd say one,

255
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you know, know your market. You know, everybody knows a realtor,

256
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you know, they can put you on a search engine

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00:13:41.320 --> 00:13:45.080
if you will, for a particular zip code or neighborhood.

258
00:13:45.799 --> 00:13:47.720
We have a heat map, so I can say, okay,

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I'm only going to buy properties that you know the

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00:13:50.399 --> 00:13:52.440
value is only two hundred thousand dollars. And I can

261
00:13:52.519 --> 00:13:55.639
literally go into my realtor program and I could do

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a heat map, and I can pull up zip codes

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in any part of the United States, and so I

264
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will know where to look for those properties. And then

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we do very simple marketing. I'm just going to show

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your readers here. I use I have a mom. We

267
00:14:09.799 --> 00:14:13.039
like to employ moms, so we write handwritten notes to

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00:14:13.159 --> 00:14:16.639
certain zip codes where we are just asking them, hey,

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do you know somebody who wants to buy a property.

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We're looking for a property in that neighborhood. And then

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number three is knowing what what do houses sell for

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in that neighborhood. So if you're going into a neighborhood

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and let's say that you're you know, you're looking for

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00:14:30.879 --> 00:14:33.399
that two hundred thousand dollar house like I was talking about,

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and the average price of houses, just for math, because

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I don't do math off the cuff, is one hundred

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thousand dollars. Well, I'm not going to pay two hundred

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00:14:41.120 --> 00:14:44.320
thousand dollars if the average price is one hundred thousand dollars.

279
00:14:44.320 --> 00:14:48.559
So those are very three easy steps. And Kelsey, how

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much time do you can you take in a week

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00:14:51.320 --> 00:14:52.799
to look for that kind of stuff?

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Like I normally do like two hours total for the

283
00:14:56.039 --> 00:14:58.279
whole week, which is not a crazy amount of time

284
00:14:58.399 --> 00:15:01.320
during the you know schedule. And I have two littles.

285
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I have a three and a two year old, so

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it is possible fifteen minutes here, fifteen minutes there. And

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I was going to add too, in regards to the money,

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00:15:09.039 --> 00:15:11.279
you know, situation of having to come to the table

289
00:15:11.320 --> 00:15:14.840
with you know, twenty thousand dollars, that's what my thought was.

290
00:15:15.159 --> 00:15:17.080
I was like, well, I don't have that money on hand,

291
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but you'd be surprised what five thousand dollars can get you.

292
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Or doing a partnership or one of our.

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00:15:23.759 --> 00:15:26.440
Strategies that we used was when I ended up quitting,

294
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I ended up moving my four oh one k over

295
00:15:29.159 --> 00:15:31.919
to a roth and doing that, and so there's just

296
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different ways and that's kind of one of the things

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that we helped teach as well. And that goes back

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to the mentorship, that it's not just having to write

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a check for twenty five thousand dollars, that we come

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up with ways to strategize financing and help with.

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That exact note. Let's take a quick break, say thank

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you to our supporters, and we'll be back here in

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00:15:53.080 --> 00:15:56.519
just a moment. On Lord of Mom Radio, she is brave,

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00:15:56.919 --> 00:16:00.399
she is bold, she is you, and we want to

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00:16:00.480 --> 00:16:04.519
tell your story. Are you ready to share your journey

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00:16:04.559 --> 00:16:08.039
with us on Word of Mom Radio? Go to wordomomradio

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00:16:08.279 --> 00:16:11.919
dot com and register as a guest. We want to

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tell your story because when you win, we all win.

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00:16:15.720 --> 00:16:21.799
In twenty seventeen, Unsilenced Voices was formed to help survivors

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of domestic abuse and gender based violence worldwide. The organization

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org for more information.

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00:17:10.640 --> 00:17:13.279
And we're back here on Word of Mom Radio. We

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00:17:13.359 --> 00:17:18.599
are talking with money making mamas Nancy Wallace, Lobs and

323
00:17:18.839 --> 00:17:23.799
Kelsey Lika. I am really loving this conversation and I'm

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00:17:23.799 --> 00:17:29.000
going to ask Kelsey, Yeah, as that mom was littles, Yeah,

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00:17:29.079 --> 00:17:33.039
how do you encourage that mom who just does not

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00:17:33.119 --> 00:17:36.279
think there's anyway in the world, Yeah, that she can

327
00:17:36.279 --> 00:17:36.960
make this happen.

328
00:17:37.519 --> 00:17:41.160
Yeah, it's it's definitely again, like there was mind blocks

329
00:17:41.160 --> 00:17:43.480
when I started, Like, you know, I want to take

330
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the kids on, Like how am I supposed.

331
00:17:45.079 --> 00:17:45.839
To dedicate my time?

332
00:17:45.839 --> 00:17:48.240
But I mean you do have to have some sort

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00:17:48.279 --> 00:17:51.519
of time management, and honestly, as moms, we have that

334
00:17:51.680 --> 00:17:54.680
built into us. We're able to organize our days.

335
00:17:55.160 --> 00:17:56.759
We take care of the households.

336
00:17:56.799 --> 00:17:58.200
Like at the end of the day, Dad doesn't know

337
00:17:58.200 --> 00:18:02.000
what we're having for dinner, Moms do. And so, you know,

338
00:18:02.200 --> 00:18:05.720
we automatically as women. And it's not just moms, but

339
00:18:05.759 --> 00:18:08.640
I think women are just built to have that brain

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00:18:09.119 --> 00:18:13.119
to manage and so knowing that, knowing that Hey, if

341
00:18:13.119 --> 00:18:17.400
I dedicate fifteen to thirty minutes a day, you know,

342
00:18:18.000 --> 00:18:20.200
seven days a week, then yes, that adds up to

343
00:18:20.440 --> 00:18:23.119
two to five hours depending on how much you're putting

344
00:18:23.119 --> 00:18:27.000
in of looking for deals. And so really it's breaking

345
00:18:27.039 --> 00:18:30.519
it down day by day and then again not sitting

346
00:18:30.519 --> 00:18:33.240
there thinking, oh, I have to have you know, one

347
00:18:33.279 --> 00:18:36.720
hundred grand in the savings to go in on this,

348
00:18:36.920 --> 00:18:38.880
and honestly, at the end of the day, having a

349
00:18:39.000 --> 00:18:43.720
mentor and having a partner just really just I feel like,

350
00:18:43.799 --> 00:18:46.440
and you know, maybe I'm biased in this situation because

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00:18:46.480 --> 00:18:49.319
my mom helped me out, but regardless, you go to

352
00:18:49.359 --> 00:18:51.519
a personal if you want to lose weight or you know,

353
00:18:51.599 --> 00:18:53.799
get on a certain fitness plan, you go to a

354
00:18:53.799 --> 00:18:57.359
personal trainer because that's what they're you know, they're expertise

355
00:18:57.400 --> 00:18:59.440
and you're getting that guide. You're not just going on

356
00:18:59.480 --> 00:19:03.079
YouTube and piecing things together. And so I think just

357
00:19:03.160 --> 00:19:07.559
having someone to have your back and help walk through

358
00:19:07.599 --> 00:19:11.079
that step by step is just astronomical and how we

359
00:19:11.119 --> 00:19:13.400
can help. But again, I think for the mom that

360
00:19:13.519 --> 00:19:17.319
just feels absolutely overwhelmed, like you have it built in you,

361
00:19:17.400 --> 00:19:19.960
like you're able to go to your day to day

362
00:19:20.319 --> 00:19:21.920
and say this is what I got to knock out,

363
00:19:22.039 --> 00:19:24.640
and fifteen minutes of just looking for some deals, or

364
00:19:25.119 --> 00:19:28.519
you know, spending thirty minutes just driving around looking for properties.

365
00:19:28.599 --> 00:19:32.279
It is totally doable. And you know, not every deal,

366
00:19:32.440 --> 00:19:35.519
not every real estate investing deal is a flip. You

367
00:19:35.559 --> 00:19:37.960
don't have to go in there and spend you know,

368
00:19:38.160 --> 00:19:42.799
sixty days building cabinets or breaking down walls. That's not real.

369
00:19:42.880 --> 00:19:45.119
I mean, real estate investing can be flipping houses, but

370
00:19:45.160 --> 00:19:48.400
it can also be completely on the sidelines. You don't

371
00:19:48.440 --> 00:19:50.079
have to touch the property at all. You could just

372
00:19:50.160 --> 00:19:53.920
see the property and you're in real estate investing. So honestly, again,

373
00:19:53.960 --> 00:19:57.000
it's just breaking it down into I think people have

374
00:19:57.119 --> 00:20:02.359
this mindset that real estate investing is this monster thing,

375
00:20:02.559 --> 00:20:03.559
and it can be.

376
00:20:04.039 --> 00:20:05.359
But having someone to help.

377
00:20:05.240 --> 00:20:08.000
Break it down with you and having that partnership and

378
00:20:08.039 --> 00:20:09.799
mentorship is really helpful.

379
00:20:10.160 --> 00:20:14.200
Do each of you have your favorite story of a

380
00:20:14.240 --> 00:20:18.440
mom that you helped, that you've mentored, dad has gone on.

381
00:20:19.519 --> 00:20:22.319
I think for me, just I'll let her I'll go

382
00:20:22.440 --> 00:20:26.079
first because I have a shorter version. But since doing this,

383
00:20:26.920 --> 00:20:29.759
we've not We've had, you know, a couple of moms,

384
00:20:29.839 --> 00:20:33.279
we've also had just women in general too, like saying

385
00:20:33.279 --> 00:20:36.039
the time that they get back in general. I think

386
00:20:36.079 --> 00:20:38.880
that's the feeling that I love and hearing the things

387
00:20:38.920 --> 00:20:41.039
that I love of how real estate investing has helped.

388
00:20:41.039 --> 00:20:43.759
But I know she has like ten millions of stories,

389
00:20:43.759 --> 00:20:46.519
so I'm gonna let her lead that one.

390
00:20:46.720 --> 00:20:49.319
So a lot of women that come to us are

391
00:20:49.599 --> 00:20:55.960
you know, usually working a full time position like nursing, teaching,

392
00:20:56.279 --> 00:20:58.680
that kind of thing, so they have, you know, long hours,

393
00:20:58.720 --> 00:21:01.680
and they're looking either to break out of that you know,

394
00:21:01.880 --> 00:21:04.480
healthcare with all the health care changes and whatnot. So

395
00:21:04.599 --> 00:21:07.240
my most recent story that I'll share, we had a guest.

396
00:21:07.319 --> 00:21:10.279
She was young, she was probably I won't give away

397
00:21:10.319 --> 00:21:11.920
my age and I won't give away killed, but she

398
00:21:12.000 --> 00:21:16.440
was in between right, and she had junior high children,

399
00:21:16.759 --> 00:21:19.599
and she was just really looking for a way to

400
00:21:19.799 --> 00:21:22.759
supplement her income for retirement so she could retire a

401
00:21:22.799 --> 00:21:25.680
little bit sooner. And she was referred to me by

402
00:21:25.799 --> 00:21:28.880
somebody else. So long story short, what I always do

403
00:21:28.960 --> 00:21:31.160
is I'll have like a you know, a phone call

404
00:21:31.400 --> 00:21:34.039
call with someone and it'll be a zoom because I

405
00:21:34.079 --> 00:21:36.000
want to get to know them, and I really wanted

406
00:21:36.000 --> 00:21:38.319
to find out what her goals were and how much

407
00:21:38.400 --> 00:21:41.079
time she has and what her expectations were, because if

408
00:21:41.079 --> 00:21:42.480
she comes to me with, you know, I want to

409
00:21:42.480 --> 00:21:44.519
make four hundred thousand dollars in six months, I'm not

410
00:21:44.559 --> 00:21:47.440
going to be the right person for her. So anyway,

411
00:21:47.480 --> 00:21:51.160
we started out small, but she got really excited when

412
00:21:51.160 --> 00:21:53.559
I showed her, you know, that she was able to

413
00:21:53.759 --> 00:21:56.960
invest in her own backyard. We did a quick search

414
00:21:57.079 --> 00:22:00.960
and we found fifteen different properties within her price range,

415
00:22:01.200 --> 00:22:03.039
and she was looking for buy and hold because I

416
00:22:03.039 --> 00:22:06.039
feel that you know, buy and hole meaning rentals, long

417
00:22:06.160 --> 00:22:08.039
term rentals, because you get a lot of tach. She

418
00:22:08.079 --> 00:22:10.279
needed a lot of tax benefits and that kind of thing.

419
00:22:10.599 --> 00:22:13.759
So anyway, we found some properties. I went and walked

420
00:22:14.240 --> 00:22:17.480
too with her, and once she went to buy herself

421
00:22:17.519 --> 00:22:19.279
and she took some video and send it to me

422
00:22:19.319 --> 00:22:22.000
and then we analyzed it because we also teach women

423
00:22:22.400 --> 00:22:25.200
how to analyze a property within ten minutes. You don't

424
00:22:25.240 --> 00:22:27.200
need to spend hours and hours to find out if

425
00:22:27.200 --> 00:22:29.119
this is going to be a deal or not. So

426
00:22:29.279 --> 00:22:33.200
she ended up buying her first property within We closed

427
00:22:33.200 --> 00:22:36.480
within forty five days of her starting to work with us. Well,

428
00:22:36.599 --> 00:22:39.279
what I really think that this is the success story

429
00:22:39.400 --> 00:22:42.440
is then she referred two of her friends to me,

430
00:22:42.960 --> 00:22:46.680
and now they work together to buy properties together. They

431
00:22:46.759 --> 00:22:50.240
kind of formed an LLC and they're now building their

432
00:22:50.240 --> 00:22:53.799
own portfolio and kind of a company so that they

433
00:22:53.880 --> 00:22:57.279
can then you know, maybe eventually sell it. I also

434
00:22:57.319 --> 00:22:59.359
teach people how to get into short term rentals, so

435
00:22:59.400 --> 00:23:02.799
they that's it what they're looking for next. So and

436
00:23:02.839 --> 00:23:04.920
that was you know, I think that's a testimonial just

437
00:23:04.960 --> 00:23:08.519
from you know, she took what I taught her and

438
00:23:08.559 --> 00:23:11.440
then came she was able to buy her first property,

439
00:23:11.720 --> 00:23:13.680
and then she referred to of her friends to me,

440
00:23:13.759 --> 00:23:17.599
and then and they're they're continuing to you know, find properties.

441
00:23:18.799 --> 00:23:21.279
We also teach people how to find the money. Like

442
00:23:21.319 --> 00:23:22.759
it's you know, you're not going to go to Chase

443
00:23:22.880 --> 00:23:24.720
or Bank of America to get the loan.

444
00:23:24.920 --> 00:23:25.119
You know.

445
00:23:25.160 --> 00:23:28.039
We we teach people how to build their own network

446
00:23:28.039 --> 00:23:30.880
of private money lenders, which is just you know, a

447
00:23:30.880 --> 00:23:33.599
fancy way of saying, partner with people who have money,

448
00:23:33.759 --> 00:23:35.759
because our thing is, you know, you want to use

449
00:23:35.880 --> 00:23:39.440
other people's money. Oh PM. That's another strategy that you

450
00:23:39.440 --> 00:23:41.799
know goes along with you know, not only just finding

451
00:23:41.799 --> 00:23:44.440
the property, but then if you want to when you

452
00:23:44.440 --> 00:23:46.519
want to purchase it, how do you do that? You know,

453
00:23:46.519 --> 00:23:48.440
if you don't, if you don't have all the money

454
00:23:48.519 --> 00:23:50.720
and you just you know you have money for inspection,

455
00:23:51.319 --> 00:23:53.839
you know how to partner. So we actually are working

456
00:23:53.880 --> 00:23:56.440
with these gals to help them set up the right

457
00:23:56.640 --> 00:24:00.279
you know LLC so everybody's protected and then and they're

458
00:24:00.319 --> 00:24:04.359
taking the step by steps to build their own portfolio

459
00:24:04.440 --> 00:24:05.440
of rental properties.

460
00:24:05.759 --> 00:24:07.680
Before we wrap up, I want to hear a little

461
00:24:07.680 --> 00:24:11.920
bit about your podcast. Okay, love sharing other podcasters.

462
00:24:12.160 --> 00:24:15.039
All right, our podcast is money Making Mamas, and it's

463
00:24:15.079 --> 00:24:17.720
making with an M A K, I N no G

464
00:24:18.279 --> 00:24:20.519
because I can't guarantee what you're gonna get with that.

465
00:24:21.119 --> 00:24:23.559
And it's so funny. We started this year and we

466
00:24:23.599 --> 00:24:26.799
did it as just kind of Kelsey and I setting

467
00:24:26.799 --> 00:24:30.440
down and just we talk about being mother, daughter, entrepreneurs

468
00:24:30.799 --> 00:24:34.079
and other women, so it's not always about real estate investing.

469
00:24:34.119 --> 00:24:36.359
We did one on how to network, like when you

470
00:24:36.400 --> 00:24:39.640
go out, how to do networking? And I don't know, Kelsey,

471
00:24:39.680 --> 00:24:41.640
why don't you give your two cents about our podcast?

472
00:24:41.880 --> 00:24:42.960
I think it's a lot of fun.

473
00:24:43.079 --> 00:24:46.039
So yeah, I mean when we first started, when she

474
00:24:46.119 --> 00:24:48.039
had this idea, I was like, man, no one wants

475
00:24:48.079 --> 00:24:48.559
to hear us.

476
00:24:48.640 --> 00:24:51.880
But I think the coolest thing for me.

477
00:24:52.039 --> 00:24:55.160
Was I was kind of hesitant towards it only because

478
00:24:55.640 --> 00:24:58.000
of the amount of work that we would have. I mean,

479
00:24:58.039 --> 00:24:59.119
because it is a lot of work.

480
00:24:59.200 --> 00:25:01.880
Like I definitely we learned some.

481
00:25:01.920 --> 00:25:05.240
Lessons, some hard lessons and so and our even you know,

482
00:25:05.400 --> 00:25:07.680
our production needs to go up a lot.

483
00:25:07.720 --> 00:25:08.960
We're very amateur level.

484
00:25:09.039 --> 00:25:12.400
But it was really cool. We were at a networking

485
00:25:12.440 --> 00:25:15.880
event and they had like advertised, hey, money making mom,

486
00:25:15.960 --> 00:25:18.720
is this coming tonight. And we had someone that we

487
00:25:18.799 --> 00:25:20.880
like didn't know or anything like that, and they came

488
00:25:20.960 --> 00:25:23.680
up to us and it was actually a networking episode

489
00:25:23.720 --> 00:25:25.200
and they came up to us and they were like, hey,

490
00:25:25.319 --> 00:25:29.519
like I really enjoyed your networking episode or like I've

491
00:25:29.599 --> 00:25:30.000
learned a.

492
00:25:29.920 --> 00:25:30.440
Lot from it.

493
00:25:30.480 --> 00:25:32.240
And that was kind of a cool moment for me

494
00:25:32.359 --> 00:25:34.720
because I was like, oh, people are listening, like you know,

495
00:25:34.839 --> 00:25:35.359
the five.

496
00:25:35.160 --> 00:25:37.160
People out I I want to just say, as a

497
00:25:37.200 --> 00:25:39.359
business tool, I want to you know, lead this with

498
00:25:39.519 --> 00:25:42.839
your audience, is that it actually is a very great

499
00:25:42.960 --> 00:25:45.240
We didn't really know, we didn't. We did it just

500
00:25:45.279 --> 00:25:47.240
because we wanted to have fun. I turned my dining

501
00:25:47.279 --> 00:25:50.359
room into our podcast studio. Probably gonna change that a

502
00:25:50.359 --> 00:25:54.680
little bit. But it's a great marketing tool because since

503
00:25:54.799 --> 00:25:58.559
we launched we are now we host a webinar every

504
00:25:58.640 --> 00:26:03.599
month on some kind of real estate investing. It's completely free.

505
00:26:03.640 --> 00:26:06.160
People can reach out to us and it's on our website.

506
00:26:06.200 --> 00:26:08.680
They can just it's on Facebook. I usually put the event,

507
00:26:08.720 --> 00:26:13.119
but every month we do a webinar on some aspect

508
00:26:13.160 --> 00:26:16.480
of real estate investing. So another company out of Florida

509
00:26:16.680 --> 00:26:19.480
actually reached out to us and they're you know, hosting

510
00:26:19.480 --> 00:26:22.039
that and doing all the marketing for us. Just today

511
00:26:22.079 --> 00:26:26.200
I got I was interviewed by Texas Realtor magazine about51200:26:26.240 --> 00:26:29.480



the pre probate leads I was talking about. So it's51300:26:29.599 --> 00:26:32.799



opened a lot of doors that who knew, right, And51400:26:32.839 --> 00:26:35.839



we tell some funny stories about when Kelsey was growing up.51500:26:36.000 --> 00:26:38.079



And we have one I think, I don't know if51600:26:38.079 --> 00:26:40.640



it's in our first episode or second, that we you know,51700:26:40.720 --> 00:26:44.440



did a shout out to Coleman Coleman Coolers about a51800:26:44.480 --> 00:26:47.359



moving experience we had. So we were busting the gun51900:26:47.400 --> 00:26:50.599



in that one. You now that I'll have to tune52000:26:50.599 --> 00:26:51.480



in and find that one.52100:26:51.839 --> 00:26:55.119



The reality is podcasting brands you as an expert in52200:26:55.119 --> 00:26:55.640



your field.52300:26:56.400 --> 00:26:57.319



Yeah, truly does.52400:26:57.400 --> 00:27:00.160



So as we're wrapping up, what do you want to52500:27:00.240 --> 00:27:03.200



leave our listeners with and how may they reach out52600:27:03.200 --> 00:27:03.400



to you?52700:27:04.480 --> 00:27:08.799



So we did just recently launch an ebook. It's called52800:27:08.920 --> 00:27:12.200



own It, right, and you can find it on our website,52900:27:12.200 --> 00:27:16.119



which is money Making So it's money Making m A53000:27:16.240 --> 00:27:19.480



k I N Mama's m A M A s dot com.53100:27:19.839 --> 00:27:23.160



You can also find us on YouTube the same name.53200:27:23.640 --> 00:27:26.160



We're on Instagram, Kelsey, am I missing anything?53300:27:27.079 --> 00:27:29.400



I Mean, we're on all the social media's so yes,53400:27:30.119 --> 00:27:33.759



just yeah, look for us there. But yeah, we recently53500:27:33.759 --> 00:27:36.119



did this ebook called own It, So that's on our53600:27:36.119 --> 00:27:40.240



website and our podcast. Definitely, we're kind of taking We're53700:27:40.279 --> 00:27:43.000



in a little you know, holidays shift, but we're not53800:27:43.039 --> 00:27:45.640



really on a set schedule. We just kind of release one.53900:27:46.039 --> 00:27:51.880



We're gonna you know, New Year, have we so yeah,54000:27:51.920 --> 00:27:54.240



we yeah, but you know, and you know the other54100:27:54.319 --> 00:27:56.960



thing is that we are evolving as we are working54200:27:56.960 --> 00:27:59.480



with more and more women. We're finding that, you know,54300:27:59.680 --> 00:28:02.519



through the money Making mom A brand, that we're able54400:28:02.599 --> 00:28:07.039



to look at business strategies, you know, and it's all54500:28:07.079 --> 00:28:08.960



about breaking out of the rat race. I mean, that's54600:28:09.000 --> 00:28:11.720



really sort of what our messages started to become is54700:28:11.759 --> 00:28:13.799



breaking out of the rat race if you want to54800:28:13.920 --> 00:28:17.200



work for yourself, you know, I mean, And we just54900:28:17.359 --> 00:28:20.960



we were just signed by a national realtor company for55000:28:21.079 --> 00:28:24.920



me to come in and redo their training to teach55100:28:24.960 --> 00:28:28.039



their realtors how to work with investors. So and all55200:28:28.079 --> 00:28:31.160



of that has just happened in the last probably I55300:28:31.200 --> 00:28:33.680



don't know, quite six months, and most of it I'm55400:28:33.680 --> 00:28:36.640



attributing it to the podcast. So if you don't have55500:28:36.680 --> 00:28:39.039



a podcast, do it, even if you don't even know55600:28:39.079 --> 00:28:42.920



what you're doing. I think, didn't we do an episode55700:28:42.920 --> 00:28:47.359



about things we learned when you did a podcast? But55800:28:47.880 --> 00:28:50.319



and we love being on other people's podcast stories, So55900:28:50.319 --> 00:28:52.279



we're so happy that we could be on, you know,56000:28:52.440 --> 00:28:56.960



a podcast like yours that support mom morepreneurs and business56100:28:56.960 --> 00:28:58.839



women and all of that. So thank you so much.56200:28:59.119 --> 00:29:02.480



Oh it's my pleasure. I love sharing fellow podcasters and56300:29:02.640 --> 00:29:05.720



all of the money making Mama's links are going to56400:29:05.759 --> 00:29:09.319



be live on Word of momradio dot com. I encourage56500:29:09.359 --> 00:29:13.079



you to reach out. Nancy Kelsey, thank you so much56600:29:13.119 --> 00:29:16.119



for taking the time to join us today. I really56700:29:16.160 --> 00:29:16.960



appreciate it.56800:29:17.279 --> 00:29:20.279



Thank you, Dory, thank you so much. Bye, bye bye.56900:29:20.319 --> 00:29:22.240



It's been my pleasure. Okay, So for all of you57000:29:22.279 --> 00:29:24.720



tuning in, thank you for being here. We're gonna close57100:29:24.759 --> 00:29:28.359



out with our fabulous theme song from Smith's Sisters and57200:29:28.400 --> 00:29:31.680



the Sunday Drivers. So till next time, This is Dory57300:29:31.720 --> 00:29:34.400



Di Carlo saying, go out and create a marvelous you.57400:29:35.000 --> 00:29:35.720



Bye for now.57500:29:38.759 --> 00:29:39.759



She is sure, she.57600:29:39.759 --> 00:29:42.680



Is sure, she is strong, she is strong, she is true,57700:29:43.000 --> 00:29:48.839



is true, she is Braze Bray, she is, she is you.57800:29:49.079 --> 00:29:50.440



She is you, she is you.57900:29:50.680 --> 00:29:53.799



She she is sure, she is sure, she is strong,58000:29:53.880 --> 00:29:57.880



she is strong, she is true, she is true, she58100:29:58.079 --> 00:30:01.559



is Braze Bray, she is, she is, she is you,58200:30:01.839 --> 00:30:05.920



she is she is. She is sure of herself. Yes,58300:30:05.960 --> 00:30:08.640



she takes care of his Powerful and strong.58400:30:08.920 --> 00:30:09.839



Yes, she knows who.58500:30:09.720 --> 00:30:13.240



She is, has integrity, woman, strong and true.58600:30:13.799 --> 00:30:16.359



You know her by name. See this woman is you.58700:30:16.680 --> 00:30:20.559



She is sure, she is strong, is strong, she is true,58800:30:20.880 --> 00:30:25.640



is true, she is brave, brave, she is she is,58900:30:26.039 --> 00:30:30.839



she is you, she is, she is she is sure,59000:30:30.200 --> 00:30:34.160



she is strong, is strong, she is true, is true,59100:30:35.839 --> 00:30:39.519



she is brave, she is she is, she is you,59200:30:39.759 --> 00:30:44.440



she is you. She adds value and hope has proved59300:30:44.440 --> 00:30:47.519



to be brave. See it's never too late, never time59400:30:47.599 --> 00:30:52.279



to behave Reaching for dreams doesn't matter. The age believes59500:30:52.319 --> 00:30:55.720



in herself, unleash from her cage. She is sure, she59600:30:55.839 --> 00:30:59.559



is she is strong, is strong, she is true, is true,59700:31:01.240 --> 00:31:03.640



she is brave, bray, she is bold.59800:31:04.279 --> 00:31:05.039



She is you.59900:31:05.319 --> 00:31:10.839



She is she is sure. She is strong, she is strong,60000:31:10.880 --> 00:31:15.839



she is true, is true. She is braid, braid she60100:31:16.000 --> 00:31:17.880



is she is she is you.

Nancy Wallace-Laabs & Kelcie Leka Profile Photo

Founders Money Makin' Mamas

Nancy Wallace-Laabs is a seasoned real estate investor, broker, best-selling author, and nationally recognized speaker with nearly two decades of experience helping others create financial independence through property investing. She has been featured on numerous podcasts and at industry conferences for her expertise in simplifying real estate investing for everyday families. Nancy has trained hundreds of investors and Realtors through her CE-accredited courses and is known for her approachable, story-driven teaching style that empowers women to build confidence and long-term wealth.
Kelcie Leka brings a modern, corporate-savvy perspective to the Money Makin’ Mamas brand. Before stepping into real estate full-time, she built her career at a Fortune 500 company, where she gained expertise in operations, leadership, and strategic planning. Kelcie’s firsthand experience balancing career, motherhood, and financial goals allows her to connect deeply with moms who want to invest but feel short on time, money, or confidence.
Together, Nancy and Kelcie founded Money Makin’ Mamas, a coaching and education company dedicated to helping moms create financial freedom through real estate investing, without sacrificing family time. As a mother–daughter team, they combine seasoned expertise with fresh insight to show women that wealth-building isn’t just possible, it’s practical, empowering, and within reach for every mom ready to take the first step.