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Our guest today is Michelle Schroeder, a licensed real estate broker and realtor with Berkshire Hathaway HomeServices in the Chicagoland area. She’s not your average realtor—Michelle brings years of experience and expertise, with a strong background in real estate investing and property renovations.

We’re excited to have her on the show to walk us through the ins and outs of real estate investing—from buying your first property to building a portfolio that sets you up for long-term financial growth. We’ll discuss how to find the right investment properties, securing great tenants, making smart renovations to boost property value, and much more!

You’ll also get a glimpse into Michelle’s holistic approach to real estate, where she prioritizes education and supporting her clients throughout the entire investment journey. If you’ve ever been curious about how to get started in real estate investing, this episode is for you!

Here’s some of what we discuss in this episode:

0:00 – Intro

1:28 – Getting to know Michelle

3:07 – Getting started in real estate investing

12:05 – The benefits of multi-unit buildings for first-time investors

16:25 – The hands-on nature of real estate investing

21:42 – Evaluating a property’s potential for renovation

29:25 – Tenant selection and management

32:16 – Selling and value-add opportunities


Learn more about Michelle HERE

Episodes Links

Michelle on Purse Strings

https://pursestrings.co/professional/real-estate-agent/illinois/chicago/michelle-schroeder/

Berkshire Hathaway HomeServices

https://www.bhhschicago.com/

Michelle on Socials

X: https://x.com/manni_michelle

LinkedIn: https://www.linkedin.com/in/michelle-schroeder-a0027646/

Instagram: https://www.instagram.com/michelleschroeder.realtor/

Facebook: https://www.facebook.com/MichelleSchroederRE

Join the Purse Strings Facebook group: https://www.facebook.com/pursestringsco/

To learn more about money and access additional episodes, visit us online: https://pursestrings.co/