Roushel and Tarek Eid began their real estate investment journey in 2019, initially managing single-family rentals before expanding into fix-and-flip projects and short- to mid-term rentals. In 2022, after attending Rod Khlief’s Multifamily Bootcamp and joining his Warrior group, they founded Eid Equity, a firm specializing in Multifamily Syndications with a value-add approach. Their mission is to democratize wealth-building in real estate for ordinary individuals and families. Additionally, Roushel launched The Cashflow Nurse, an educational platform for nurses and healthcare professionals, offering investment insights and early retirement planning through a weekly webcast featuring multifamily experts.

Here’s some of the topics we covered:

  • Nurse Turned Property Investor 00:00
  • Who Will Connect Most with Roushel’s Investing Journey 6:27
  • Deep Dive into Roushel’s First Real Estate Deal 9:12
  • Key Tip to Start in Multifamily Investing 12:07
  • Further Insights into Roushel’s Initial Deal 14:13
  • How to Successfully Close Your First Deal 22:05
  • Defining Financial Freedom 26:49

If you’d like to apply to the warrior program and do deals with other rockstars in this business: Text crush to 72345 and we’ll be speaking soon.

Full Transcript Below

00:00:38:06 – 00:00:54:16
Rod
Welcome back to Multifamily Rockstars. So this is where we dive deep into our guest deals and really give you some practical and actionable items that help you get started and and really and help you get started in doing your first deal, especially if you’re brand new to multifamily. You’re going to get a lot of value from this episode.

00:00:54:16 – 00:01:00:00
Rod
And these episodes on are rock stars. And as always, I’ve got my co-host, Mark Nagy with me. Good to be.

00:01:00:00 – 00:01:07:14
Mark
Here, right? I think I probably say this every week, but I feel like we’ve got some some good gold nuggets that are going to pop up today that we haven’t heard before. So I’m happy.

00:01:07:14 – 00:01:26:20
Rod
To. No question, no question. So, we’ve got Rochelle ahead and Rochelle and her husband Tarik. I think became warriors in 2022 I think if that’s right. And they’re now up to about 550 units and four deals and we’re going to drill, drill deep on this. But, welcome to the show.

00:01:26:22 – 00:01:39:07
Roushel
Thank you so much for having me. Hi, rod. Hi, Mark. I’m excited to be here. I have come full circle. I feel like, because this is how it began for me and so, so excited to be here and to provide value to your listeners.

00:01:39:07 – 00:01:55:18
Rod
Love it. Well, why don’t you give them, you know, a much better bio than I just did on who you are and you and your husband and where you came from. Maybe what what you did is you’re, you know, you’re still do as, you know, your W-2 and, and and y real estate. Just give us. Yeah.

00:01:55:18 – 00:01:56:20
Rod
Give us some background. So.

00:01:56:21 – 00:02:20:10
Roushel
Sure. so it all began 2004 when I immigrated from the Philippines here to the US with nothing. And so I basically, you know, from, from there on, found a job, did a 9 to 5, I was a nurse recruiter back then. And then I put myself through nursing school and became a nurse essentially through, you know, grit and hard work.

00:02:20:12 – 00:02:50:07
Roushel
And then from there, I did. I, I became a nurse, and then I found out, well, I’m making good income, but I’m also paying a lot of taxes. And so my husband and I got together and we kind of brainstormed and we researched and how to how to save on taxes and real estate keeps popping up. And so 2019 was when we started buying real estate, mostly single family duplexes and all that out of state.

00:02:50:09 – 00:03:12:11
Roushel
I live in the state of California, so we basically just invested in Florida, Ohio as well as Texas. But then we found out that single family is just it’s a lot of work. And we had a lot of seminars like, like you use the term that you use broad seminars. And so we’ve had a lot of bruises and bumps along the way.

00:03:12:13 – 00:03:33:11
Roushel
and so we knew that we wanted to own apartments. We just didn’t know how. And then one day I was driving to work, and I was and I came across your podcast and, you were, also talking about a bootcamp that was coming up in Denver. And this is not the same as being in kids do not do this at home.

00:03:33:17 – 00:03:47:06
Roushel
But then when you said text Crush to learn more about our warrior program, I was texting crash. And that’s how I got, you know, into your your bootcamp in Denver. Then that was in 2022.

00:03:47:09 – 00:04:00:21
Rod
Was that the one with my mom or was that the one after my. I think it was after my mom. Yeah. Yeah I did. That was 21. Never mind. Yeah, yeah yeah I the reason I bring that up is you know, if you know my story, my mom is the reason I got into this business and lost her last year.

00:04:00:21 – 00:04:16:03
Rod
And, they brought her to a Denver boot camp. It must have been 20, 21. and, you know, I’m behind the curtain crying like a little girl because I, you know, she’s the reason I got into this business. I had a hard time even coming on stage, but, my brothers were all there. It was.

00:04:16:03 – 00:04:23:00
Rod
It was really kind of a moment, but, But, So anyway, you came to the boot camp and and what happened after that?

00:04:23:00 – 00:04:45:16
Roushel
So I was in boot camp, and, we were the process of, buying a slip at the time in San Antonio, and we were having a problem because we just found out that that valuation of that, single family home was not what we thought it was. And then, just like it just so happened that you were explaining the valuation of multifamily and.

00:04:45:16 – 00:05:04:07
Roushel
Right, I tell you, it was just like a light bulb went off. Like that was a moment when I can point to that moment when I said, oh my God, this is what makes sense. This is what we need to do. And so we went on break and I called my husband, who was in Egypt, who was overseas at that time, and I said, this is what we’re doing.

00:05:04:10 – 00:05:25:19
Roushel
We’re going full in. And then yeah, during that break, we got a chance to speak to one of your coaches. My husband got on a zoom call with him, and my husband was like, are you sure this is what we you want to do? And I said, yes. And and so we we yeah, we just but just committed right there and then.

00:05:25:22 – 00:05:51:00
Rod
So you did some single family around the country. It sounds like. And you mentioned that the light bulb was around valuation because as you know, a single family, the value is based on comparable sales. Where in our world, in the multifamily space, you can force appreciation, you can force value by just improving the bottom line. And and that’s that’s what makes it so freaking extraordinary because you can, through your efforts, improve the value significantly.

00:05:51:02 – 00:06:09:02
Rod
so that’s why we love it. So let me ask you this. You know, I know and I’m going to let you talk about it because I think it’s wonderful what you’re doing for the health care professionals. But, and maybe I’m answering my own question, you know, what type of listener do you think would relate to you the most?

00:06:09:04 – 00:06:20:06
Rod
you know, be it, you know, type of job, personality, skill sets, family, you know, the familial status. Just give me an idea of who you think would relate to you the most.

00:06:20:07 – 00:06:52:01
Roushel
One of the reasons why, you know, I went into this, my husband and I doing multifamily, and I told him, you know what? I feel like I need to do something for the healthcare community now around this country. Was it, Covid just happened, you know, and, you know, if you remember the healthcare, the healthcare community took the brunt of that and that, where I live, here in the Bay area, our hospital where I worked at, we went on strike because the hospitals that we work, that we work, they were not giving us what we needed.

00:06:52:01 – 00:07:12:05
Roushel
Right. And so, we’re seeing all this nurses, you know, fighting for what we believe that we deserve. But then, in my mind, I said, why do we wait for somebody to give it to us? Why don’t we make that opportunity for us? And so we were already multi-family in real estate investing. And, I told my husband, I feel like I need to give back to this community.

00:07:12:10 – 00:07:36:02
Roushel
And so that’s when I had the idea to create a platform for nurses. Now, again, it was, it was during a warrior event that I had this epiphany of creating this platform called the Cash Flow Nurse. And I feel like, you know, this is how I would be reaching a lot of nurses and medical professionals and to teach them about real estate investing.

00:07:36:02 – 00:07:53:19
Roushel
And so every Sunday I actually have a podcast and this is free, although I’m on break now because I just have had a newborn, I talk about real estate investing, and I talk about the benefits of it and why we need to create that opportunity for us because nobody’s going to give it to us.

00:07:53:21 – 00:07:56:22
Rod
And that’s the name of the podcast, the Cash Flow Nurse.

00:07:56:24 – 00:07:58:12
Roushel
Yes. That’s that’s the name of that.

00:07:58:18 – 00:08:01:13
Rod
Is that the website as well? Cash flow nurse.com.

00:08:01:17 – 00:08:02:14
Roushel
Correct. Yeah.

00:08:02:19 – 00:08:29:14
Rod
Love it, love it, love it, love it. Well, you know, listen, power moves to those who serve. And I know you don’t charge anything for what you do. And so, you know, it’s wonderful. And again, I, you know, at at the warrior events that you’ve been to, you’ve seen we’ve we’ve recognized people in our Hall of Fame and, and, warriors that are exemplary warriors that have just, you know, made a real difference out there and, and, you know, you started to see a pattern.

00:08:29:14 – 00:08:34:15
Rod
They all they all give back in some fashion. So, you know, you’re just a shining example of that as well.

00:08:34:18 – 00:08:49:16
Mark
So I know we’re going to get into, you know, your most recent deal and how far you’ve come and everything you’re done. But I want to jump back a little bit because one of the most common questions I get all the time is, hey, I’m new into multiphase family. I’ve never done any deals. I don’t have any experience.

00:08:49:16 – 00:09:04:14
Mark
How are people going to want to work with me and what can I what can I do to get into my first deal? Bring us into your first deal. What you did, how you kind of use your superpower and and just kind of bring us, bring us the story of how you got into your first deal with no multifamily experience.

00:09:04:14 – 00:09:32:24
Roushel
This is a story I tell you were warriors as well when I get to connect with them. so coming into the bootcamp know nothing about multifamily. I thought I knew some stuff because we did some single family, but I was mistaken because this is a total different animal. And so, you know, going through the the bootcamp and the warrior that I connected with people and, and when I was doing this, my husband and I, we, we had the fear.

00:09:32:24 – 00:09:54:14
Roushel
I think everybody has fear starting something that they haven’t done before obviously. But we worked through that fear and we just we just did it. We just went in and started connecting with people. Did I know what to say to people at the time? No. But, you know, I started to create conversation and and from there learn some stuff.

00:09:54:14 – 00:10:18:03
Roushel
So now, I, we joined in July 2022. We’ve invested in our first deal as LP in November, again connecting with Warriors. It was with with warrior. and then we learned some stuff through that and then we connected with them. And then the next time that they had a deal, they called us and say, hey, do you want to to join us on this deal?

00:10:18:05 – 00:10:40:17
Roushel
But then prior to that, obviously we were committed. We showed them, Don, about, you know, Mike Bailey, he but he gave us a chance and it was because we kept showing up, showed our commitment to to, to the space. And we showed them with what we can do and we, you know, like, we made sure that what we said we were going to do, we did.

00:10:40:19 – 00:10:54:09
Roushel
And so one deal led to another and to another and then fast forward, we’re on our fourth, I think actually fifth deal now. so, so that’s how we what I feel like worked for us.

00:10:54:11 – 00:11:08:06
Rod
That’s a great way to get started. I will tell you. And and, you know, you invested some of your money in a deal and then, you know, showed them your work ethic. And that’s, that’s kind of that’s a, that’s a that’s a very good pathway. You know, you don’t have to start by investing in someone else’s deal.

00:11:08:06 – 00:11:23:20
Rod
You can just go do it yourself. But, that is a that’s a fast track way for sure, to do it if you want to do that, because you learn kind of the behind the scenes stuff. so let me ask you this. What you know, we’ve got so many people listening that haven’t done anything with this yet.

00:11:23:20 – 00:11:40:10
Rod
They know they need to do something. And guys, I’m shouting from the rooftops, deals are coming. I know they’re coming. Yeah. Just wait till after the election. You’ll see. I mean, when people like Jamie Diamond say, economically, it could get as bad as World War Two, I think opportunity. You know, the head of Citibank said that it’s going to be a hard landing.

00:11:40:15 – 00:11:57:00
Rod
I mean, these are these are big players talking about, you know, some economic uncertainty and some challenges we’re facing. And so there’s incredible opportunity. So those of you sitting on the sidelines, I want you to speak to them. Tell them one thing they should do to get started in this, whatever it is. if you have any thoughts on that.

00:11:57:02 – 00:12:15:14
Roushel
To those who are sitting on the sidelines, let me tell you. Let me tell you, you’re going to two years from now, you’re going to regret that you didn’t jump in when there’s an opportunity. And it’s always that I feel like for me, it’s the fear of, of regret. Of having regret is what drives me. Because you you want, at the end of the day.

00:12:15:14 – 00:12:35:16
Roushel
Right? I’m a nurse. I see you know, like, unfortunately, I see people pass away. And for me, that is also a motivation for me because I, it keeps it’s a reminder for me that at the end of the day, we’re going to pass on, but what have you done with your life? Have you what have you done with the opportunities that you have?

00:12:35:18 – 00:13:06:05
Roushel
You know, like you did you jump on that or did you just let it pass by? So, so like I said, you know, there’s uncertainties that’s coming. We don’t know what’s going to happen. But if you look at it’s it’s it’s not rocket science, but I feel like this is 2008 happening all over again because after 2008, 2010 was was when real estate opportunities came and that is when millionaires were were made.

00:13:06:08 – 00:13:24:17
Rod
Yeah. We’ve got a deal right now that we just closed on 100,000 a unit, the one next door sold for 137,000 a unit. I mean, almost a 40% discount. That’s what’s going to start popping up here soon. And, you know, they’ve been propping it up. But, you know, not to fear make you fearful, get excited because with crisis comes opportunity.

00:13:24:18 – 00:13:26:21
Rod
There’ll be incredible opportunities.

00:13:26:23 – 00:13:43:18
Mark
No, I totally agree with you guys. an investor mentioned and they stuck with me is, invest on the smile curve, which means at the bottom, when the curve is starting to go down and then it hits the bottom and, and it’s right going back up. When you’re in that curve on the smile, you’re buying at the right time over the long period.

00:13:43:20 – 00:14:01:05
Mark
Now I know Rochelle, you mentioned you just bought a deal. Let’s get into your most recent one a few months ago, obviously during quote unquote, these tough times. tell us about this deal, how you found it, how you funded it, the team you brought together and why this was, a good deal for you guys. And then we can we can deep dive on it a little bit.

00:14:01:07 – 00:14:20:24
Roushel
Yeah. So this deal we found through, we learned about it through another warrior. Like I said, you know, Mike Bailey, who who has been phenomenal, just very giving. And that is also what I love. I have to say, Guy, I’m sorry. what I love about the warrior community is that everybody just build everybody up. And so, and this is how we found this deal.

00:14:21:03 – 00:14:43:24
Roushel
So it’s a 40 unit out in Pittsboro, North Carolina, which is about, 40 minutes, outside of Raleigh. it’s a 40 unit, but part of the business plan is we’re going to turn it into a 41 unit. So that’s about that right there. we’ve we’re buying it or we bought it for 4.1 million. it is in, a separate boat.

00:14:44:01 – 00:15:12:02
Roushel
So it’s in Pittsboro. We’re seeing significant growth in this area. So we’re super excited because, though where it’s located, it’s in between two jobs that are two, manufacturing plants that’s going to open in 2020, 2025. so we’re going to see about 9000 jobs that there’s going to be getting to the market. And one is, VinFast, which is an electric car manufacturing plant.

00:15:12:08 – 00:15:27:07
Roushel
And then the other is Wolf Speed, which is a semiconductor plant. Not to mention, you know, the whole triangle area where Google and Apple, has come and then the Toyota battery plant. So we’re we’re very excited about this, this asset.

00:15:27:08 – 00:15:44:01
Rod
So guys, the most important thing in multifamily real estate investing is jobs. And so she’s she’s learned well. And she’s highlighting the most important factor as it relates to that asset, which is new jobs. And it’s fantastic if you’ve got two plants going in right next door. Holy cow. Please continue.

00:15:44:01 – 00:15:51:06
Roushel
And so, so our, our asset is actually is a, it’s a C-Class asset that we’re turning into.

00:15:51:08 – 00:16:07:13
Rod
So you’ve got a C-Class asset that you’re going to turn into a B asset. So guys what we love to see is a C asset in an A or B area or a B asset in an area. And so that’s the case. So you’ve got a C asset that’s obviously in a B area. Otherwise you couldn’t upgrade the class.

00:16:07:13 – 00:16:09:02
Rod
So that’s the case there correct.

00:16:09:02 – 00:16:39:23
Roushel
Correct. Actually we say it’s a B neighborhood in a market. And the reason I think is because we are seeing a lot of new developments coming to this area. all A-Class, you know, like shops and apartments. So, so in this immediate neighborhood where we’re at, it’s all A-Class. It’s coming into, into the market. And so there is a need for a B class apartment for the workforce.

00:16:40:00 – 00:16:59:24
Roushel
and so that is what would the opportunity is. And so our rent for example, the, the closest comp that we have to the same class of our asset is 17 miles away. And so there is definitely a need for this. And this is one of perfect. We jumped in on this opportunity.

00:16:59:24 – 00:17:25:19
Rod
Perfect. And you paid it back basically 100,000 a door. what sort of, CapEx improvements are you going to make to this, CapEx, by the way, capital expenditures, guys, these are these are, you know, remodels and things of that nature, interior, exterior, external renovations, things like, you know, landscaping, painting, siding, interior would be flooring, painting fixtures, so on and so forth.

00:17:26:00 – 00:17:29:07
Rod
So what what are you guys are you doing any CapEx? Let me ask you that to start.

00:17:29:07 – 00:18:00:14
Roushel
Yeah. So we’re doing some interior and exterior renovations. exterior would be to it’s in a wooded area. So we’re clearing that up, bringing more sun into the into the, sorry, into the asset. we’re putting in dog park as well, and as well as, like a trail for, for our tenants. And as for as far as interior upgrades, we’re putting luxury, vinyl planks in there, some not quite granite, but granite, like,

00:18:00:16 – 00:18:02:05
Rod
Countertops.

00:18:02:07 – 00:18:21:17
Roushel
Yes. painting. Just, you know, brightening up the room, we, we the how it is right now, it’s brown, cabinets. So we’re going to paint that white just to make it more modern and more clean and, you know, to, to breed those, good looking product into, for the tenants.

00:18:21:20 – 00:18:42:17
Rod
That like that exterior work. That’s not super expensive. I mean, putting a dog park is is a is a fence and maybe a bench and maybe, a couple of toys for the dogs in there, but that’s it. And, and, you know, and the vinyl plank flooring is pretty much the standard for interiors these days. You can get countertops that look just like granite and feel like granite.

00:18:42:17 – 00:18:47:04
Rod
And then and there are fantastic way to really dress up an asset. please continue.

00:18:47:05 – 00:18:57:10
Roushel
So those are the improvements that we’re going to make. But also, you know well not not quite CapEx, but also we have our opportunity to reduce our expenses. And so that’s how we can increase that. Right. And how are.

00:18:57:10 – 00:18:58:20
Rod
You getting another unit by the way.

00:18:58:22 – 00:19:14:03
Roushel
So there is there’s an office that we can convert into a one bedroom. so we’re taking that instead of having an on site property management we are doing offsite and then using, you know, turning that into a unit.

00:19:14:06 – 00:19:33:04
Mark
That’s actually really smart. I know some people that exclusively do that by assets that have offices, and they manage everything on site, and they turn that into an extra unit. It just goes straight to the bottom line of the NOI, and it’s a great value add, to just bring it in right immediately. It’s something you can just create another another rent another tenant.

00:19:33:06 – 00:19:35:03
Rod
What’s the rent you’re going to get on that unit?

00:19:35:03 – 00:19:43:00
Roushel
1050 would be the rent on a nice renovated unit. And currently the current rents are 950.

00:19:43:01 – 00:19:45:11
Rod
What’s it going to cost you to convert that unit?

00:19:45:11 – 00:19:47:13
Roushel
I want to say 12,000.

00:19:47:15 – 00:20:08:17
Rod
Just, you know guys what you just described. If you take that 1050 and you annualize it and you divide it by a five cap, that’s a $252,000 value increase for a $12,000 budget. Yep. Okay. That’s a pretty freaking good return. Okay. So that’s why we love this business guys. Because any improvement to that bottom line is an exponential improvement to the value.

00:20:08:17 – 00:20:21:07
Rod
And this is an example of that. That thousand a month in income is a $250,000 fricking increase in value, a quarter million dollars. It’s incredible. All right. So so you you said you’re getting oh go ahead.

00:20:21:09 – 00:20:38:19
Roushel
I guess I was going to say did it exactly like you said. We love this. This business because I remember one, one example that you gave us before and one of, oh, what your event was when you started charging $20 for parking fee and you actually.

00:20:38:21 – 00:20:54:14
Rod
It was 25. It was 25. Let me tell the story. You guys probably heard it before. Sorry if you have, but yeah, we we we did it to San Antonio Asset, which is a mile away from the one I was just telling you. We closed on at a 40% discount. you know, we charge 25 bucks a month to have your own parking spot right in front of your unit.

00:20:54:15 – 00:21:13:23
Rod
You know, that’s it. You could. It’s reserved. It’s yours forever. and we had 100 people take it. And that was a $750,000 instant increase in value. Because you take it, you annualize it, and you divide. In this case, it’s a four cap because it’s a beautiful asset. you divide it by the cap rate. And, and that’s how you come up with that value.

00:21:13:23 – 00:21:36:04
Rod
By the way, you’ve brought up the warrior program numerous times. If you have if you are interested in applying to our warrior program. And we were seeing deals literally almost every day now in the Facebook group, it’s incredible the deals that people are buying and the volume of deals. But if you’re interested in applying text the word crush to seven, two, three, four, or five so we can help you crush it in this business.

00:21:36:06 – 00:21:54:14
Rod
Like, like we’ve helped Rochelle here in the in the ecosystem has helped Rochelle here as well. So and so again text crush to 723 4 or 5 to apply. So tell me about, how you took that deal down. What was the financing like and what was the capital raise?

00:21:54:16 – 00:22:24:00
Roushel
Yeah. So it’s a $4.1 million asset. financing. We we got a, fixed rate of 7.75 interest rate. I know it’s not the best interest rate out there, especially coming from a, like, a 3% rate. However, we were able to negotiate 24, months, interest only. And no prepayment prepayment, but no prepayment penalty. and so, you know, we have the opportunity.

00:22:24:00 – 00:22:44:21
Roushel
If there’s an opportunity to refinance, then we will go ahead and do that. So during this whole, well, we are securing the the loan, the bank actually went and got a third party. and you know, with our business plans, appraiser found that our value or valued our property at 6.1 after it’s.

00:22:44:21 – 00:22:45:14
Rod
Holy cow.

00:22:45:20 – 00:22:51:03
Roushel
So it’s like, Yeah. Yeah. So we’ve increased the value of 50% already.

00:22:51:03 – 00:23:10:05
Mark
That’s what I’m hearing. If it makes sense at 7.7 interest rates, just imagine in a few years with no prepayment penalty, if you can refinance and get it a lower. I just invested with other Warriors at a 9% interest rate and it still made sense. Cash flow wise, we’re getting great returns, so I can just imagine if it hits 5 or 6 in a few years.

00:23:10:07 – 00:23:12:17
Mark
we’re going to be rolling in it. But I was.

00:23:12:19 – 00:23:32:15
Rod
I was just going to say give you some context. You know, I, I, I was I was 18 in 1978. At that time the interest rates were 18%. Okay. Yeah. I know the dinosaurs roamed the Earth back then too. But yeah, at that time interest rates were 18%. And, you know, I remember getting super excited when they hit 7.75%.

00:23:32:15 – 00:23:50:02
Rod
Okay. Like you just got on that deal super excited. I’m like, Holy cow, this is insane. But we’ve had deals. Make sense. At 18% interest. It’s all numbers, guys. This business is empirical. If the numbers makes it’s all about numbers and cash flow. Okay. There’s a reason. The name of my book, the subtitle of my book is The New Rules of Real Estate Investing.

00:23:50:03 – 00:24:02:21
Rod
And the book is How to Create Lifetime Cash Flow to Multifamily Properties. But the subtitle, The New Rules of Real Estate Investing is focus on Freaking cash flow. It’s all about cash flow. Doesn’t matter what you’re paying in interest. If the cash flow is there.

00:24:02:22 – 00:24:18:00
Mark
Now, one thing, one thing. I think we, we skipped over on this deal that I think is super important for right now. I know you mentioned Michael. Mike Bailey brought the deal, but how did you guys find this? Was it on market? Off market? What was, what was that process like? That you even got this deal to begin with?

00:24:18:02 – 00:24:40:13
Roushel
Our local partners in North Carolina are in, who lives in carry in apex. they had a relationship with brokers, and it was an off market deal. So this was actually I think they started negotiating early on in the year, but because of their relationship with a broker, they were they were able to secure this asset. and they also, you know, like I had relationship with the seller as well.

00:24:40:13 – 00:24:51:18
Roushel
And find out find out what what he what number he was gonna, he was looking for. And so they came into terms with, numbers that made sense for both sides.

00:24:51:20 – 00:25:01:17
Rod
So let me ask you this. I mean, I know the answer this by talking to you, but, is Tariq, actively involved as well?

00:25:01:19 – 00:25:02:05
Roushel
So. Yes.

00:25:02:10 – 00:25:07:11
Rod
Okay. So what role do you play and what role does he play? What’s your superpower? What’s his.

00:25:07:14 – 00:25:14:01
Roushel
Well, we are both, people, people, persons.

00:25:14:03 – 00:25:18:08
Rod
So, close enough when I knew that was the answer. But I just wanted to hear you say it.

00:25:18:08 – 00:25:39:24
Roushel
We the. There was a week that we did in this project. we brought in investors. We talked about it. We’re also part of the obviously that in the asset management part of it as well. but he’s super power. He’s good with numbers. He’s an engineer. Very. You know, he’s the one who looks over the, underwriting.

00:25:40:04 – 00:25:58:16
Roushel
And I gloss over that stuff. So I don’t yeah. I’m not and I admitted I’m not a numbers girl, but I love going to people. That is my superpower. And after all, I am a nurse and I have that relationship, and I know how to how, you know, how to, I know the pain points of people, I should say.

00:25:58:22 – 00:26:07:11
Roushel
So we we we both have a separate skill set that we use for, for the space and and this how we do it.

00:26:07:13 – 00:26:22:12
Rod
Love it. Yeah. So you have super you have a separate superpower. He’s analytical, you’re outgoing, but he’s also outgoing, which, you know, a lot of analytical people aren’t. But when you get that match up, it’s a match made in heaven. and for you romantically as well as business. Right.

00:26:22:14 – 00:26:24:07
Roushel
You can say that again.

00:26:24:09 – 00:26:45:10
Mark
So project this out here. Everybody’s well not ever. Most people’s goal listening to this podcast is they want to quit their job, create financial freedom, do something for their kids. You know, all those things are very common. And then you mentioned you’ve done I think you said, correct me if I’m wrong. Five deals now, over 500 units. If you were to project this out moving forward, how long?

00:26:45:10 – 00:26:52:18
Mark
What would that look like for you to reach your version of financial freedom here through multifamily? And what would that look like?

00:26:52:20 – 00:27:11:05
Roushel
Our goal is to have obviously, you know, I love my job. So I’m not looking to quit being a nurse. Honestly, like a lot of people say they they want to quit their 9 to 5 and just have passive income. I mean, what freedom looks like is, you know, I go to work because I want to because I enjoy it.

00:27:11:07 – 00:27:39:13
Roushel
And, not having the need to work overtime or, or worrying about whether I have enough for retirement, you know? So, I would like our goal. Short term goal is to have 2500 units by 2025. And, hopefully by then we reach that. I would still be working as a nurse. but just doing that part time, and I love doing the multifamily deal, so I would still be doing that.

00:27:39:14 – 00:28:02:13
Roushel
But again, it’s because I enjoy it, but that because I have to and that’s how I’m looking at it in the future. you know what? I want passive income. Absolutely. But honestly, do I want to know? Because as you know, in the medical field, we know that keeping an active brain will keep you from having a lot of diseases and on keeping your health.

00:28:02:15 – 00:28:05:00
Roushel
So that’s that’s what I look for sure.

00:28:05:03 – 00:28:20:24
Rod
Good point. Love it. Love it. So let me ask you this. share some more wisdom with aspiring real estate investors. People that know they need to do something haven’t done it yet. Just share a little more wisdom. Any other words of encouragement or advice you would give them?

00:28:20:24 – 00:28:45:09
Roushel
So for me, a lot of the things that I’ve gone through in life is, and, you know, not to brag about anything, but it’s like, the opportunities that I’ve had, I’ve kind of created, we created it was because we went after it. So if you feel like doing that, right, like you feel like you need to be doing something else, you gotta just have to go and and really just, it’s.

00:28:45:11 – 00:28:48:11
Rod
What does Nike say? What does Nike say? Right.

00:28:48:13 – 00:29:11:01
Roushel
Yeah. To that I mean, you there’s going to be some sacrifices in the beginning. But, in the end, it’s that knowing that you did, what you needed to do is what’s important. Because, again, I feel like regret at the end of the day is far more worse than, Or regret of not doing something is worse than regret of doing something right.

00:29:11:01 – 00:29:21:04
Roushel
Because you never know. What if you succeeded? What if it actually worked out? What about you actually made money? Would that be the worst part? Right. So, that’s how I look at it.

00:29:21:06 – 00:29:33:22
Rod
Nice, nice. So listen, if any of our listeners would like to reach out to you and maybe find out a little bit more about who you are and you know, besides the cash flow nurse, is there a way they can contact you if you’re okay with that?

00:29:34:02 – 00:29:48:22
Roushel
Yes. I’m very active on, our Facebook group, the one group so they can. Okay. look me up there. Rochelle. Assumption. Naive. my email is Rochelle at the cash flow nurse.com. Okay.

00:29:48:23 – 00:30:10:20
Rod
Perfect. Perfect. Rachelle at the cash flow nurse.com. Love it. No that’s perfect. That’s perfect. Well thank you so much for coming on today Rochelle. And say hi say hi to your husband for me. And it’s so great to see your smiling face. And I appreciate you, you know, talking a little bit about your deal and sharing a little bit of your journey and let’s just plan to have you on at the end of 25.

00:30:10:20 – 00:30:14:05
Rod
Or you can tell me you’re at 2500 units. Okay.

00:30:14:07 – 00:30:15:13
Roushel
Thank you so much.

00:30:15:15 – 00:30:19:04
Rod
Thanks, guys. All right. It’s great to see you. Thanks. All right. Bye now.