Denver News Updates

Knowing how to make money from real estate is like having a superpower. With the right help and knowledge, everyone can have that superpower, and with that superpower comes great rewards. One person who has that superpower is Heidi McNulty, an esteemed entrepreneur and investor.

Heidi McNulty’s extensive experience and expertise make her a highly sought-after advisor. She knows how to turn a real estate investment into a successful investment, and now she wants others to learn her skills. She wants to help people become more financial aware when it comes to real estate investments, so we wanted to learn more about Heidi and her mission.

This is what Heidi McNulty had to say.

First of all, please introduce yourself.

I am a widowed mother of 3 boys with a 13-million-dollar rental portfolio. I have started and still own several companies. I had a successful exit in April of 2022 when I sold one of my companies for 7 figures. I still own a large real estate portfolio and flip 12-20 homes per year, as well as other business investments.

I am starting a few new companies including a genealogy app called Lumakin as well as an investment fund through my company Investor Lifestyle.  In May 2022, I was requested to be on a new series as a business mentor for the contestants of America’s Real Deal.

I originally got married when I was 20 and was married for 15 years until July 27,2022 when my husband committed suicide. I feel I have done amazing at healing through the grief and remaining a beacon of light and laughter for so many.

2022 was a tough year for many, including me. If there is one thing 2022 taught me, it was the importance of adapting. The key to success is resourcefulness and believing you can figure out how with the right people on your bus. I am newly engaged and moving forward in life with strength, courage, and a healthy mindset and look forward to helping others do the same.

You are a skilled investor and trusted advisor, with the COVID pandemic causing serious problems for financial investments, would you say that real estate investment is still a wise choice for a good financial return?

A “down” market is absolutely a good time to invest in real estate.  With interest rates high, there are more real estate deals available and open to creative financing, which saves you money and often requires less money out of pocket, which increases your return on investment (ROI).

What provides a better return on an investment, a house or an apartment?

This will vary from deal to deal. There are deals where you have infinite return on investment because there are deals that require nothing out of pocket, however, those deals go fast and are harder to find and negotiate. The key difference between houses and apartments is the amount of capital it takes to get into them. I don’t know that I have ever heard of someone getting into an apartment for zero down. That being said, apartments take money to get into but can also have amazing returns and because they are so much larger numbers, the ROI ends up being quite a bit more lucrative.

Would a property that needs modernizing provide a better return on an investment?

Buying dated or distressed properties definitely provides a great return on investment. Again, the structure of the deal will determine how good of an ROI you actually get. For example, there are flips where you can borrow the purchase price and the rehab fees, which leaves zero out of pocket. There are also deals where you have to set out the purchase price and rehab fees, which would equate to a much lower ROI, but the same amount of money.

What is the minimum investment a person would need to purchase a property?

The key in real estate is education, especially being knowledgeable about creative financing and negotiating. I have several friends who have gotten deals for 0-$5,000 out of pocket. On average, it is closer to $30k-$60k.

For someone who is new to real estate investing, can you explain how a person can find their first ideal property to purchase?

There are plenty of ways to get into real estate. My favorite top three are as follows:

Buy a turnkey property. See what it is like to be a landlord and learn the process of buying a home as a rental and then coordinating renters or property managers. This way takes the least time and knowledge and is a good way to get your feet wet, although it requires more cash upfront to get into the game.

Buy a deal from a wholesaler. Wholesalers are individuals who find deals and connect them to buyers for essentially a finder’s fee (often referred to as an assignment fee). This can often save you a lot of money from buying at retail prices.

Get educated. Learn as much as you can through a mentor or free resources and purchase a distressed property with hard money, fix it up and refinance it. There are more steps involved this way, but often the way to get in with the least amount of money.

Would you like to see financial investing taught more in schools?

I am actually writing a book and my dream is to get investing and mental health/personal development courses into more high schools because those two factors alone will produce a wealthier society and all around a better economy in the US.

You are on a mission to help people achieve financial independence; can you explain more about that?

Financial distress is the number one cause of divorce; it leads to child abuse, theft, and so many other negative things in our everyday society. I feel that if we can help people better understand finances, we can reduce stress in the home, reduce the number of people dependent on the system, and reduce crime. I genuinely believe that if every high school student was required to pass a financial investment education course in high school that it would have a huge positive effect on society and the economy. The rich get richer because they know these skills, so why not teach it to everyone and at least give them a higher chance of success?

As it stands right now, the school system expects parents that don’t know how to manage their finances to teach their kids, so it continues the wage gap between the wealthy and middle class, increases retirement age, and reduces the quality of living in society. We have to share the information that helped us so that others can achieve similar success and freedom.

The mission you are on is not just to provide financial literacy in the USA, you also want to help people around the world, how are you going to achieve that?

My book is step one. With that, I plan to do more speaking engagements and create courses that can be put on by PTA programs for students across the world. Eventually, I would love to see it in school curriculum everywhere.

Do you believe if more people were more educated when it comes to investing that there would be fewer people in debt?

Debt is a funny topic. I think some would be more in debt, but good debt that is leveraged appropriately to produce more wealth. Often people think rich people don’t have debt. Many of the upper middle class don’t have debt, but most wealthy people that are in the top 10% have loads of debt that is supported by profitable assets.

To learn more about Heidi McNulty, her achievements, and how to contribute to the financial literacy initiative, please connect with her on LinkedIn Here: https://www.linkedin.com/in/heidi-mcnulty/ or contact [email protected]

About Heidi McNulty

Heidi McNulty is a seasoned investor with a primary focus on real estate, technology, and early-stage ventures. Her exceptional skill in identifying promising investment opportunities and driving positive returns has established her as a respected figure within the industry. With a successful exit in 2022, Heidi has redirected her energy towards philanthropy and financial education, seeking to provide innovative and accessible solutions for financial literacy. Her commitment to making a positive impact and empowering individuals has earned her widespread recognition and admiration.

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Country: United States
Website: https://www.linkedin.com/in/heidi-mcnulty/