Black Real Estate Dialogue

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Today I interview Daniel Leathers, real estate investor, property manager, and Director of Economic Empowerment for the Los Angeles Urban League—a nonprofit dedicated to helping African Americans and other minorities build a path to the middle class through advocacy activities.Daniel and his wife kickstarted their real estate portfolio liquidating 401(k)s and savings and maxing out credit cards, initially to the chagrin of their loved ones. But as they bootstrapped their way to early success, they quickly got onboard. Today, Daniel manages a thriving real estate portfolio in Los Angeles and Texas. He also has a property management company with his family. Listen in as Daniel explains how he successfully works with family to build his real estate portfolio, how he approaches out-of-state investing, and the inspiring mission of the Urban League.Highlights1) When doing business with family, you don’t want to do deals based on hugs and handshakes. Aside from having your paperwork in order, knowing each of your roles and responsibilities is also key to strengthening that professional relationship.2) When choosing a property manager, interview them for resourcefulness in handling maintenance calls, how they fill vacancies, and how they manage evictions.3) If two heads are better than one, then a strong marriage is one of the best “wealth hacks” there is. Always make sure you’re on the same page with your spouse, you’re communicating openly, you have a shared vision, and you address conflicts whenever you can.How to find himInstagram - @dleathers65Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to the Closing Day. During these episodes we’ll help you close out your week strong with a short clip from a previous episode that you can learn from.In this clip,Page Turner (Episode 108) bringing benefits other than money to deals, her HGTV show Fix My Flip and more. This is a clip you definitely want to hear. If you want to hear the full episode click here.Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Dr. Julius Omi and Leslie Awason (Episode 107) the benefits of large multifamily investing, having over $100 million in assets under management and more. This is a clip you definitely want to hear. If you want to hear the full episode click here. Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Today, I interview Cheryl McKissack Daniel, President and CEO of McKissack, the nation's oldest minority/women-owned design and construction firm. The family business was incorporated in 1905, however the family’s history of architects and builders began with an enslaved Ashanti ancestor in 1790.“We document the Black experience through our structures,” Cheryl says with pride. Her grandfather, Moses McKissack III and his brother Calvin were the first black licensed architects in the country. “It’s a sense of strength for me,” she says. “I haven’t had to deal with anything my ancestors had to deal with.”Listen in as Cheryl tells us how her grandfathers and parents shaped Black history through their bravery and determination to see their business succeed. She discusses the biggest challenges she had to overcome once she took the reins of McKissack, and how she sees the future of the construction industry.Highlights1) 1 out of every 5 businesses fail in their first year, and the odds get even lower when it comes to passing a company from one generation to the next. Cheryl, a black woman and a fifth-generation business owner, proves that everybody has the ability to create their own destiny.2) We can all play a part in getting projects like the Affirmation Tower to finally break ground. It all comes down to getting the word out, holding our leaders accountable, and creating a groundswell of support.3) Getting into the construction industry doesn’t necessarily require getting a construction or architecture degree. From finance, to business development, to marketing, to PR, to insurance, to writing (ex. creating business proposals), there are many avenues to a career in this multifaceted industry.How to find herInstagram - @cheryl.mckissackWebsite- https://mckissack.com/ Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to the Closing Day. During these episodes we’ll help you close out your week strong with a short clip from a previous episode that you can learn from.In this episode, Darien and Ashley White (Episode 106), discuss the benefits of investing in Baltimore, gentrification and investing in the black community. You can listen to the full episode here.Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Alexis Lee (Episode 105) discusses identifying the right short-term rental strategy, the important of understanding supply & demand and so much more. This is a clip you definitely want to hear. If you want to hear the full episode click here.Buy our merch- https://blackrealestatedialogue.com/collections/all Access all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.On this episode, I interview  Joshua Foster, the Founder of JAF Creative Solutions—a community impact-focused strategic partnership and design consultancy firm. Many people don’t know that Josh is the first person I ever told about my idea to start this show. His response was simply, “do it”. As you know the rest is history. “I’m a community builder,” says Joshua, referring to his varied professional background which began with a career in architectural design and real estate development, before he started his own business several years ago.Listen in as Josh discusses what it takes to foster authentic and impactful community engagement as a real estate developer. He also gives his thoughts on gentrification, and his tips on ensuring post-occupancy community, engagement, and social impact.Highlights1) As a real estate developer, really taking the time to involve the community in a project will result in an amazing return on investment. Working on a single property can turn into two, three, or even more projects with a long-term commitment to that particular neighborhood.2) Affordable housing is a good thing when it’s paired with programs and opportunity that promote upward mobility. 3) Public-private partnerships are key to making big changes in the community. Increasing equity among all parties can be a tough challenge, but there are always much better opportunities that emerge from local governments working together with private developers.How to find himInstagram - @jafoster_the_builderWebsite- https://www.joshuaafoster.com/services Buy our merch- https://blackrealestatedialogue.com/collections/all Access all of our resources on our website- https://www.blackrealestatedialogue.com Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to the Closing Day. During these episodes we’ll help you close out your week strong with a short clip from a previous episode that you can learn from.In this episode, DC Casey (Episode 104), discusses how to find contractors, the best ways to work with them, and how to manage your renovations. You can listen to the full episode here.Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Darius and Courtney Pettway (Episode 103) discusses raising private capital for real estate deals, hard money lenders and more. This is a clip you definitely want to hear. If you want to hear the full episode click here.Buy our merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. If you leave a 5-star rating and review, send me an email info@blackrealestatedialogue.com and I’ll send you a free training on finding and analyzing properties.This powerful interview is with returning guest Mark Jones II (Episode 16). He runs @livinrentfree, through which he educates and empowers tens of thousands of people to invest in 2-4 unit multifamily real estate. To date, his students have purchased over $20 million worth of real estate.Mark practices what he preaches, having house hacked in Los Angeles several times. His mission is to mentor the thousands of underserved, “rent burdened” families all over America to become financially free.Listen in as Mark discusses why he recently decided to make an out-of-state purchase of 11 units in Pittsburgh, how to maximize the cap rate and cash flow of a property, and how to use credit creatively and responsibly in times of emergency.Highlights1) Single-family units are valued based on residential comps and sales; whereas, commercial buildings—specifically multifamily—are based on net operating income and the cap rate. This means that if you can improve the value of the property, you create equity out of thin air.2) Asset management is different from property management in that, as a real estate investor, you need to stay conservative with your numbers and have an asset management plan—a business plan—for each of your properties. Investors see the big picture whereas property managers can only focus on the individual units they’re assigned to.3) Even large, well-known property management firms can defraud their clients. Stay in touch with your property manager via regular video calls, do your due diligence with regards to maintenance costs, and always have at least three months of reserves for mortgage payments.How to find himInstagram - @livinrentfreeGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy