Boss Lady Investing

Krista Goodrich of Boss Lady Investing joins the show to share her journey from working in the mutual fund industry on Wall Street to building a diversified portfolio of more than 20 private businesses and real estate investments. She discussed how entrepreneurship, strategic partnerships, and investing in vacation rentals allowed her to create financial independence while designing a business portfolio around her lifestyle. We talk today's real estate market, including elevated home prices, higher interest rates, leverage strategies, cash flow analysis, vacation rentals versus long-term rentals, and where she still sees investment opportunities despite market challenges. Krista also shared her approach to evaluating new business opportunities, the importance of choosing the right partners, and how investors can build long-term wealth through disciplined decision-making and diversified private investments.

We discuss... 

• Krista Goodrich shared her journey from Wall Street mutual funds to becoming a serial entrepreneur and real estate investor.
• She discusses starting and scaling more than 20 businesses across industries including moving, junk removal, property management, hospitality, and vacation rentals.
• How choosing the right business partners has been critical to her long-term success.
• She shares the qualities she looks for in business partners, including drive, kindness, loyalty, and a sense of fun.
• Why she prefers using cash to start businesses while using leverage primarily for real estate investing.
• How leverage has allowed her to steadily expand her real estate portfolio over time.
• Why vacation rentals can generate significantly higher income when purchased in the right locations.
• How higher interest rates have changed the way she analyzes new real estate investments.
• Why she believes portions of the Florida real estate market remain significantly overvalued.
• How institutional investors and hedge funds have influenced housing affordability.
• She shared her thoughts on proposals to limit large investment firms from purchasing single-family homes.
• How property taxes, interest rates, and government policies influence real estate investing decisions.
• The importance of diversification across businesses, real estate, and traditional investments.
• Why she enjoys real estate investing because it offers greater control than investing in public markets.
• Successful investing requires patience, discipline, and focusing on long-term wealth creation rather than chasing quick returns.

Today's Panelists:

• Kirk Chisholm | Innovative Wealth
• Barbara Friedberg | Barbara Friedberg Personal Finance

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For more information, visit the full show notes at https://moneytreepodcast.com/boss-lady-investing-krista-goodrich-834