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All Forum Posts by: Katy Fleming

Katy Fleming has started 6 posts and replied 8 times.

Post: Not sure where to focus my attention.

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

So much good advice here already!

I agree that it's tough to get started without money.  I started by refinancing my owner-occupied home, then investing that in my first rental, rinsing and repeating.  But that's a little tough with the rates right now. 

When I no longer had access to funds, I found a money partner who brought the money while I found the property, did all the upfront work and management, and we split 50-50.  In each one of those deals, I wrote into the operating agreement that I would refinance the property at some point (I left myself some wiggle room with a date range of a few years), then buy them out so I owned 100%.  I now own all my properties myself.  I refinanced using a "hybrid" commercial/residential loan that was a little higher in rates, but not much.  It takes a little time, but it allows you to get started if you don't have working capital.

I've now turned half my properties into mid-term rentals for mostly traveling health care providers.  Because you pay so many monthly costs (utilities, internet, cleaning costs, landscape, etc), I can't say the cash flow is that much better than my long-term holds were, but the guests REALLY take good care of the properties! 

Registration for the 2022 Real Estate Success Action Plan Retreat & Follow-up Support Event ends tomorrow, January 6.  

The retreat will be held from 10:00 a.m. - 3:00 p.m. MST on both Friday, 1/7 and Saturday 1/8.  This is not a "sit and get" 2-day meeting where you will walk away with a journal full of notes that go on the shelf.

In this on-line retreat, you and your colleagues will get right to work to create your individually targeted goals and action plan and utilize tools that will guide your steps in 2022.

Because I'm a big believer in including support and accountability with any goals and plans we make, we will have three follow-up meetings in April, July and September.  The total cost of the two day retreat plus three follow-up events is $197.

Knowing others will check on the progress of your plans, figure out where tweaks need to be made and continue brainstorming with you is a game-changer. If you're reading this before 1/6, there's not much time to sign up. 

While I will share information about the three Real Estate Investor Mastermind groups that will be starting at the end of January, there will not be a bunch of "salesy pitches."  We'll be holding three groups beginning late January of no more than 8 people per group, so once we hit 24 registrants, we will close registration until the next groups open.  Those who register for the Mastermind Program will attend the January 7-8 event for free.  If you'd like to know more about the Mastermind Program, click here.

Hope to see you on Friday or in a January Mastermind group!  Feel free to email me with any questions:  [email protected]

Post: Why Visualization is the Foundation for Successful Investors

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

We’ve heard it a million times whether from our athletic coaches or through watching “The Secret.” What we focus on, expands. But is it true?

In real estate investing and all of life, it's a challenge not to compare ourselves with others and wonder, why that investor gets deals done and I don't? Why does their life expand, but not mine?

The answer is that successful investors and entrepreneurs who take the time to create a clear vision are able to bring that into focus and achieve their goals much faster.

1. Your Brain Doesn't Know the Difference
Creating a visual representation of how you want your life to look (including how you want it to change) is a powerful tool based in sound research. Research shows that brain patterns activated when going through an activity (and completing a goal) are the same as those activated by visualizing the activity and goal.

Your brain doesn’t actually know the difference between picturing the accomplishment and taking the actual steps to get there.

2. Athletes, Entrepreneurs and Philanthropists Visualize to WinIf you want to see a beautiful example of visualization, watch The Queen’s Gambit, the story of a young chess player who uses her visualization skills to win tournaments.

The practice has been used for decades with Olympic and other leading athletes to improve performance and accomplish goals. Tiger Woods and other famous golfers not only have repetitive routines or wear their lucky charm to remind them of their vision, but use visualization to increase their belief in their capacity to win. AND it's been used by successful real estate investors, entrepreneurs and philanthropists for just as long.

3. Visualizing Reprograms the Nervous System to Attain Goals

Using mental imagery helps to program the nervous system, and impacts attention, memory, motivation, confidence, and self-mastery – all extremely important factors in achieving what you want in life.

Visualizing helps you in creating fulfilling personal relationships, reaching your health goals, and acquiring the wealth you desire through your real estate investments so you can retire early or make a difference through important causes.

4. Visualizing Changes Brain Patterns in Order to Meet Challenges
Focusing on the way you want to feel at the subconscious level and how you want your life to look, will bring that visualization to life.

Brain research informs us that brain patterns are also affected when you vision yourself conquering any type of challenge in your life. Holding fast to a vision helps us in working through trials caused by a serious physical injury, grief or other personal challenges.

The key is to shift your tendency to focus on the negative patterns of your life to what you do want using positive terms. Most of us visualize all the time, but rarely think about what we're doing. Every time you worry about the future and start to picture what bad things might come about, you are visualizing, but about the wrong things.

When you instead focus on positive outcomes for your future, you reduce anxiety and are able to better focus on desirable results. For example, if you want be financially sound, it's better to focus on the concept of an overflowing bank account than to focus on "getting out of debt." When you see the word, "debt," it's easy to focus on the debt instead of plentiful wealth.


5. Begin with Just One Thing
What better way to end the last quarter of a year then to imagine what you will accomplish be December 31? It doesn’t even have to be major. But it IS a perfect opportunity to get in the practice through taking smaller steps now that will establish a practice that leads to bigger accomplishments down the road.

Just imagine what will happen once the habit is formed. Think about your own daily routines. Can you add a little something (lucky charm?) that reminds you to keep your vision in front of you? How will life look today and in the future when you take regular steps to prepare for each success?

Post: Join us Today - Free Real Estate Investors Mastermind

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

Please join me today, Thursday, 8/5/21 at 2 p.m. Mountain Standard time for a free real estate investors' mastermind meeting.  I'm Katy Fleming and have been leading mastermind groups for real estate investors as well as a real estate investing networking group since 2011.  

A mastermind meeting involves brainstorming to help you answer your investment questions and meet your challenges as well as sharing resources, support, and providing a way to remain accountable so you get things done.  Mastermind groups provide a method to get clear and stay on track by taking part in a committed, small (5-7 members) community of support who will hold your feet to the fire and help you surpass the fear that can come with investment decisions.

Three real estate investors will be in the August 5 "hotseats" (a GOOD place to be) for 20 minutes each to get input on a question/challenge on which they need assistance in order to move forward with their investment goals.

Others in attendance who are not in the hotseat, will have the opportunity to ask some clarifying questions, then dig in to brainstorming. Even when you aren't in the hotseat, the ideas for your own investment strategies grow. Ideas spark ideas!

Take a look at some of the questions your colleagues will be asking in their hotseats, then ponder and bring your ideas to the meeting:

1. Kristi Hodges: How do I continue investing now that I am leaving my W2 employment?

2. Kevin Montague: What are some ideas and considerations to ensure success in converting my rentals to a mid-term model?

3. Steve Estle: What are the due diligence items to address when investing with another person or group?


I will be opening up the next two real estate investors mastermind groups soon (14 people total), and will be taking a few minutes to share the links and information about the upcoming groups.  However, I am an educator and sociologist at heart, so this is not a hard sales approach.  The majority of the meeting will be showing you (and asking you to join in if you choose) what a facilitated mastermind meeting looks like.  I hope to see you there!

Post: Masterminds are Popular

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

Hey Stephen,
I'm an Ohio native who moved to CO years ago, but hung out in your neck of the woods in my early days.  I went to Bowling Green for my undergrad, and taught in Lima and VanWert.  Good to connect with Ohio folks!

You're so wise to consider a mastermind an option to make real progress with your goals.  I've belonged to one for years, and it has made such a difference in growing and reaching my own investment goals (most of my properties are in Columbus).

I facilitate mastermind groups for real estate investors and would be happy to send you more info. if you're interested. My next group will begin in April - via Zoom. I ran a real estate investors Meetup Group (REIA) for 10 years which I loved. It gave people the opportunity to network and learn from each other as well as speakers. But I saw too many people come and go without really making progress. So I combined my good BGSU background and experience as an educator with my investment group experience to help people get their goals met. Members of MM groups get further faster and definitely are more focused and accountable.

If you're interested, shoot me your email and I'll send you the link when the next group is ready to role.  Either way, good luck and say hello to Toledo for me!

Katy Fleming

Post: Late fees during Covid if tenant is not in distress

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

I have a tenant who has paid rent late a few times, and is now refusing to pay rent, stating the reason as a small repair that needs made (won't go into details, but I always keep on top of repairs).  I've forgiven their late fees in the past when I was contacted in advance so the tenant and I can work together.  Now I'm feeling like they're taking advantage of the situation, even when they don't need to.  It doesn't appear that the tenant's work has been impacted by Covid. Can I charge late fees?

Post: Investors Network Community (INC) Monthly Meeting

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

Please join us for this month’s INC meeting, as Note Investor Beth Hale shows us a creative spin on a traditional business.

In this interactive and hands-on meeting, Beth will show us how to:

- make passive income in high priced markets like Denver without any outlay of your own money

- buy a home, even in the Denver area, without getting it at a discount, and still profit from it!

PLEASE download a financial calculator to your phone! We will need it for the interactive part of the evening! Beth recommends the 10bii, which is $4.95. but there are also free ones available.

Investors Network Community (INC) is a real estate investment-focused group where like-minded investors learn and succeed through exchanging resources and expertise and engaging with one another in a facilitated, purposeful and interactive “Mastermind” meeting format. This group is focused around active networking, building trusting relationships and doing deals. Bring friends, business cards, your deals, and questions about how to do your next or first deal. Dress is casual.

INC meets on the 4th Thursday of each month in the Meeting Room at Mudrock’s Tap & Tavern at 585 E South Boulder Rd in Louisville, CO.  

Come as our guest for your first visit. After that, we ask that you sign up for membership.  
Single Membership-$75 a year.
Partner Membership-$125 a year.
Business Membership-$150 a year.
Should you choose not to pay for an annual membership, attendance at regular monthly meetings is $10 per meeting.

Hope to see you on the 4th Thursday of every month!  RSVP at: https://www.meetup.com/Investo...



Post: What CRM to manage REIAs do you suggest?

Katy FlemingPosted
  • Investor
  • Lafayette, CO
  • Posts 15
  • Votes 9

I run a Real Estate Investment Group and am looking for a reasonably priced and easy to use CRM to manage the membership.  Other REIAs have suggestions?