Original article published via SDVoyager: http://sdvoyager.com/interview/hidden-gems-meet-pam-scamardo-of-the-c-r-e-a-t-e-wealth-network/
Today we’d like to introduce you to Pam Scamardo.
Hi Pam, thanks for joining us today. We’d love for you to start by introducing yourself.
I took an unconventional jump into real estate. I graduated school with a Masters in Aerospace Engineering, and worked as an aeronautical engineer at Lockheed Martin, Boeing and United Technologies for over 10 years. As an engineer, I was making good money and steadily climbing the corporate ladder. However, despite the comfortable compensation and technically challenging work, in the back of my mind I desired to have more control over my future, both from a financial point of view and also from an influence perspective. I had seen peers spend 30+ years saving a nest egg for retirement, and hold off on retirement plans with the trepidation that they didn’t quite have enough to leave. In my mind, there had to be a better way. So I started researching ways to generate passive income.
Eventually, I came across “Commercial Real Estate for Dummies” and the topic of investing in apartment complexes resonated with me. When I found out that one of the authors of this book (also a former engineer) offered mentoring/coaching services, I was thrilled and jumped on the opportunity to learn from an expert. The rest you can say is history! I closed on my first deal in 2011, retired from engineering in 2013, and started The C.R.E.A.T.E. Wealth Network in 2020. C.R.E.A.T.E. stands for Commercial Real Estate Association for Training and Education. Since closing my first deal in 2011, I have been involved with acquiring, disposing of and forming syndications – helping many men and women work towards job optional status through generating passive income. My passion is in helping others and commercial real estate has allowed me to do just that!
Alright, so let’s dig a little deeper into the story – has it been an easy path overall and if not, what were the challenges you’ve had to overcome?
I think each phase of the journey has had its balance of both challenges and advantages. In my late 20’s when I started, the challenge was trying to balance my day job of 10-12 hours a day with learning as much as possible, trying to acquire my first property and raise capital as an emerging property investor. At this time I had no kiddos just yet, so while the tasks were daunting, I had the time and energy to burn the midnight oil.
In my 30’s the business had grown, so getting deals and investors was easier since I had an established track record and credibility. Yet, with the wonderful addition of my 2 children, my time and more importantly – my energy – was split. I wanted to maintain the explosive growth that I had at the start of my business while being a stay at home mom with young kids.
I think the biggest challenge was re-evaluating my own expectations, asking for help when I needed it, and finding the balance that was healthy for my personal and professional life.
My advice for women starting their journey is to find a support network of other motived women to keep you going when you face challenges. Real Estate like engineering is a male dominated industry and for both industries when I started with zero experience, I had to fight to get my voice heard and get a seat at the table. Having this support network of women as both the peers and mentor levels is priceless.
Great, so let’s talk business. Can you tell our readers more about what you do and what you think sets you apart from others?
Investing in real estate when done properly can really transform where you are financially. Which is why I felt compelled to offer my knowledge, expertise and industry connections to those looking to get started. As a way of giving back to the community, I founded The C.R.E.A.T.E. Wealth Network (www.LetsGoCreateWealth.com). C.R.E.A.T.E. stands for Commercial Real Estate Association for Education and Training. This website offers all the information and resources a beginner needs to get started in commercial real estate investing.
We have articles written by industry professionals, “how to” videos, recommended books and much more, all for free. One key fact that sets me apart from others is that I’m a female multi-family investor in a world of male investors. I’m a member of the Forbes Real Estate Council and have published a number of articles including “How to become job optional in a job dependent world”. I’m also actively involved with the global business association CREW (Commercial Real Estate Women) Network. I am honored and excited to bring my A game to the table as a 2021-22 CREW Network Board Director. CREW Network’s mission is to transform the commercial real estate industry by advancing women globally.
What are your plans for the future?
I look forward to continuing to transform the multi-family investing platform through teaching and elevating beginners entering the field. I’d love to see more female multi-family investors at the decision table.
As for my syndication business TPK Properties, I will continue to lead our team to acquire apartment complexes and maximize our investors’ capital while providing a thriving community of happy tenants and property managers.
Striving to practice progress, not perfection…is my motto in everything we move forward with! Let’s connect and help one another achieve their job optional status.
$699 – “In Person” Multi-Family Investing Basics 3 Hour Seminar, book here: https://www.letsgocreatewealth.com/course
$1,000 – “One-on-one” Virtual Multi-Family Investing Basics Course (catered to your skillset!), book here: https://calendly.com/createwealth/mfi-basics
$399 – 1 Hour Zoom Consultation (Ask Anything Multi-Family Related!), book here: https://calendly.com/createwealth/60min