May 13, 2022

Investing Success with Your Spouse with Derek and Sophie Clifford


Derek Clifford is a successful single and multifamily real estate investor, adding 13 out-of-state units to his portfolio in his first year of acquisitions while working a full-time job. Today he is a multifamily investor controlling 200+ apartment units with over $20M AUM.

Sophie Lorn-Clifford is a licensed and practicing integrative medicine doctor with a virtual telehealth practice called LiveWhole Wellness. With her brain rooted in science and her heart and spirit in nature, she loves to help people figure out what obstacles prevent them from achieving their greatest health. She has lived in Buddhist monasteries and practiced meditation and martial arts since she was 14 and secretly wants to be a ninja.

In this episode, Clifford and Sophie share how to become a power couple in real estate, working together despite their differences. They also share tips on how they’ve managed to work as a team, still be their own person, and reach their goal of having freedom in time, location, and financial matters.

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What you will learn from this episode:

  • Learn about the three dynamics that you need to keep in check all the time as a couple so you commit to your goals as business partners
  • Find out how to have an effective conversation between spouses that helps change perspectives and helps achieve the lifestyle you want
  • Discover how to create a vision together as a couple and team, so you start working with and not against each other

Resources:

Topics Covered:

02:08 - How they got to work in real estate as a couple

04:17 - A good foundation of their relationship as a married couple and business partners

07:23 - Make sure you’re on the same page with your spouse when it comes to real estate: what that looks like for them

11:35 - The importance of using the ‘We type’ of conversation

12:05 - How the ‘We type’ conversation impacted their lives

13:59 - Achieving the ‘We type’ conversation

15:20 - The so-called ‘magic bullet’ in their dynamic as a couple

17:37 - How being able to hold emotions and express things calmly helps hugely in keeping the relationship

Key Takeaways:

“Vision, the importance of where you want to be as a couple in the future, that helps drive a lot of the decision and activity-making. And it also helps you discover, again, with those three-person dynamics: you, your spouse, and togetherness, figure out what the future of that is.” - Derek Clifford

“For every ‘I’, there should be 99 ‘We’ in a discussion.” - Derek Clifford

“I would say that once you make this realization that you want to create a shared vision with your spouse, what I would do is I would start listening first, ask a question, and just listen to hear what it is that drives them.” - Derek Clifford

“Take a minute to pause and allow emotions to kind of settle.” - Sophie Clifford

“Just re-emphasizing and reassuring each other that we are a team.” - Sophie Clifford

Connect with Sophie and Derek Clifford:

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