5 Talents Podcast - How To Build Wealth Through Real Estate

Sue Hough - Overcoming Fear And Taking Risks In Real Estate

Abel Pacheco Episode 237

A creative commercial builder with more than two decades of experience, Sue Hough can help you build your bliss. She uncovers, develops & builds inspiring spaces to live and work in that honor the creative soul and bring joy to her clients. She is a voice of experience leaning into the joy of making development dreams come true. Sue’s entrepreneurial experience and mature sensibility position her to deliver turnkey construction projects where bliss comes to life.


Tune in now to hear more about Sue's journey as well as valuable tips for aspiring business owners!


[00:01 - 04:11] Opening Segment

  • Introducing Sue to the show!
  • She has been a builder and developer for over 20 years
  • She started in real estate by inheriting properties from her parents

[04:12 - 19:40] Developing And Building Inspiring Spaces

  • Learned by doing work at night after her kids went to bed
  • The mindset has been to not be overwhelmed, but to take it one step at a time
  • How she gained knowledge along the way as each project was different
  • Her company, “Moody Moonridge” includes 26 single-family homes and townhomes

[19:41 - 29:55] Overcoming Fear And Taking Risks In Real Estate

  • Lack of fear is both an asset and a downfall
  • Making decisions from a financial standpoint
  • Taking risks is necessary to succeed in the real estate industry
  • Make it about something bigger than yourself

[29:56 - 37:12] Closing Segment

  • Sue shares with the listeners enjoys the journey and appreciates the present moment
  • See the links below to connect with Sue!


Quotes:

“You have to realize you could lose money, but if you want to do this, you will figure it out. And for the most part, especially when it comes to fixing and flipping, every project is absolutely different than the first one.” - Sue Hough


“If you don't have the money to finance it yourself, because it is hard to get a loan, especially on your very first deal, unless you're really highly capitalized. But if you aren't that person, if you're, like me, partner with somebody that does.” - Sue Hough



Connect with Sue through his Website & LinkedIn!



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