042: Eli and Lacy Stevens | Making Sacrifices for the Delayed Gratification

Eli and Lacy Stevens are partners in life and business. Eli is an investor who started as an amateur and slowly picked his way into the more professional realm while also having his career on the side as a software engineer. Lacy is a real estate agent and investor at Keller Williams South Valley. Lacy has a diverse background, including advertising, marketing, merchandising, managing, employee training, real estate, property management, and teaching.

Eli and Lacy have built an impressive rental property portfolio here in Utah and have an impressive passive income stream. Lace and Eli are a great example of buying early with developers and achieving great equity growth and high returns. Their investing strategies are a great example of how amazing real estate investing can be and how financially rewarding it is if you buy right.

[00:01 – 27:30] Eli and Lacy’s Journey

• Eli and Lacy talk about their backgrounds and how their journey began
• Live a life people won’t so you can live a life people can’t later.
• Hope for the best and plan for the worst
• Eli and Lacy talks about the sacrifices they had to make to reach where they are today

[27:31 – 37:25] Lessons Learned

• Eli talks about the mistakes and failed investments they made that taught them valuable lessons.
• Lacy shares why you don’t have to rush into filling up vacancies in your apartment
• Do your due diligence in researching your applicants' backgrounds

[37:26 – 53:51] Become Recession Proof

• Eli and Lacy weighs in on the current state of the market
• Hear Eli and Lacy’s tips on how you can become recession-proof
• Leveraging the best builders in Utah, Edge Homes

[53:52 – 1:01:29] Closing Segment

• Eli and Lacy shares their opinion on what are the current best deals in Utah
• Final thoughts
• Connect with Eli and Lacy. See the links below.

Tweetable Quotes:

“Real estate is always just been this thing for me that it’s like, it feels like more secure than other things that I’ve done.” – Eli Stevens

“In my opinion, [real estate] is not this get rich quick – it’s more of like, let’s get rich slow.” – Eli Stevens

Resources Mentioned:

• Keller Williams Realty
• Edge Homes
• Patterson Homes
• Fourplex Investment Group

You can connect with Eli and Lacy on LinkedIn.

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