s5e62 Real Estate Investing as a Couple - Awesome at Any Age with Stan Friedman & Ange Lorenz
Stan Friedman & Ange Lorenz are a husband-wife duo who have discovered the adventure of real estate investment and are reinventing themselves accordingly. Stan has a background in the financial industry and Ange is a former small business owner who loves real estate. Today, they join the show to discuss how they cope with unanticipated problems that arise from real estate investing, what it's like to work together as a couple, how they transitioned their lives and business from the DC area to Florida, and advice they would give to those hesitant to take the plunge into this exciting world.
Key Takeaways
- 00:56 – Tom introduces today’s guests, Stan Friedman & Ange Lorenz, who join the show to discuss what it’s like as a married couple working together in real estate
- 08:21 – Unanticipated problems
- 18:26 – Transitioning their business from Maryland to Florida
- 22:59 – Age is just a number
- 28:14 – The number one takeaway from working with Tom
- 33:13 – The value of being a contrarian
- 34:57 – What Stan and Ange would do differently if given the chance and advice they would give to anyone hesitating to get involved in real estate investment
- 44:56 – Tom thanks Stan and Ange for joining the show and sharing their story
Tweetable Quotes
“I’m the creative person. He’s the finance guy. So, we have our own skill sets and where we come into conflict is when I have my designs and he says, ‘No, this is the budget.’ So, it’s a challenge sometimes, but it’s fun working together to complete a project together.” (05:16) (Ange)
“We’re looking at [real estate investing] as reinventing ourselves. So, it’s very exciting for us.” (23:21) (Ange)
“If something goes one way, you go the other way. This is the only business I’ve been in where you can make money whether the market goes up, down, or sideways. You just have to know that if this isn’t working, you try something else.” (26:52) (Stan)
“You have to push forward and make those dreams a reality. Carve out the time that you need to do what you want to do and move forward with it, rather than letting all of the other noise get in the way and rob you of your time.” (37:38) (Ange)
“Ok, so you’re gonna have some crabby people on the other end. You have crabby people in the grocery store, for crying out loud. You just deal with it and move on. So, just look at it as an adventure, as an exciting opportunity to meet people and help people out of their situation, because that’s what you’re doing.” (40:34) (Ange)
