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.Welcome to The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Jhanel Wilson (Episode 91) discusses the benefits of Section 8 rentals, working with contractors and more. This is a clip you definitely want to hear. If you want to hear the full episode click here.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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.This episode is a panel interview from a recent live event with Lanisha Stubbs and Marion Lee. In addition to the interview we also have Q&A with the audience! Lanisha has been in real estate for over 20 years, and she and her husband co-own Wesity Inc. based in Inglewood, CA. She is a broker, investor in multiple states, consultant and more. Marion, now several months into his transition to full-time investing, owns properties in Virginia while being based in California.Listen in as Lanisha and Marion give their best advice on investing out-of-state, from finding the perfect local property manager and contractor, to creative financing strategies, and the crucial difference between project completion and high-quality work.*We had audio difficulties for part of the episode but the content was so valuable that we had to include it!Highlights1) When deciding on an out of state market to invest in, look for those “on the path of progress”. Know people in the area. Work with a local realtor or property manager, or invest through syndication to share ownership of a sizable property with less capital.2) The only way to invest is strategically. Purposely go after a project with a repeatable strategy so that you can easily scale your portfolio.3) You want to be extra vigilant when choosing an out-of-state contractor to work with. Apart from studying their previous work and getting feedback from past clients, it’s best to set expectations upfront by writing up a contract that includes the draw schedule.How to find Lanisha StubbsInstagram - @lstubbsbrokerHow to find Marion LeeInstagram - @legacyhomesolutionsGet a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 Deandra McDonald (Episode 89), discusses starting by househacking, how she managed her tenants during the pandemic and more.You can listen to the full episode here.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Welby Accely (Episode 88) discusses overcoming losing his portfolio several times, lessons learned and how he has built a massive real estate business. This is a clip you definitely want to hear. If you want to hear the full episode click here.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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.This episode is a panel interview from a recent live event in Los Angeles with Nick Gouché and Crystal Denmon. In addition to the interview, we also had Q&A with the audience! Nick is the co-founder of Legacy Home Loans, the largest Black-led mortgage company in the country. Since 2019, the bank has helped 3300+ Black families become homeowners. Crystal got into real estate in South LA after being fired from her job in 2014. With little capital and a lot of time on her hands, she began wholesaling until she was able to transition into flipping houses.Listen in as Nick and Crystal share how to use “smart leverage” (as opposed to overleveraging) to scale your portfolio, how to creatively finance your flips, and their thoughts on gentrification in Los Angeles.Highlights1) Real estate is a 7-10 year play. Before you start your investing career, make sure you have at least six months worth of savings set aside and that you prepare a “wealth creation account” to separate your personal funds from your business funds.2) Hard money lenders will only cover up to around 90% of your financing, which means you’re responsible for that 10% difference plus carrying costs and “gas money” to get the rehab started. Private lenders, who can be in the form of family/peers, are able to close that 10% gap.3) Ways to “sweeten the deal” and get your offer accepted include increasing the down payment if possible, taking advantage of mortgage programs like 3-2-1 buy downs, and shortening your contingency period.How to find Nick GouchéInstagram - @legacyhomeloansHow to find Crystal DenmonInstagram - @socalflipgalGet a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 latest segment of the show, 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 Jessica Meyers (Episode 87), discusses buying a hotel with a group, how to analyze hotel deals and more. You can listen to the full episode here. Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 latest segment of the show, The Investor Spotlight! In this segment, we will feature a short clip from a previous episode. In this clip, Mark Higgins (Episode 86) discusses using the BRRRR method for the first time, working with contractors, calculating ARV (After Repair Value) and more. This is a clip you definitely want to hear. If you want to hear the full episode click here. Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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.Joseph Handy is a Jackson, Mississippi-based teacher, professional musician, Army veteran, and real estate investor. This interview was powerful!Joseph bought his first property in 2017 and since then has built a portfolio of 65 doors and counting. He was able to scale quickly thanks to his resourcefulness—from partnering with two of his best friends on his first property, to taking advantage of VA renovation loans, to making use of seller financing and subject-to deals.Listen in as Joseph shares how he built a $5 million portfolio in five years while on a Middle School Teacher’s salary, his creative strategies to find great deals, and his progress on the renovation of a 39-unit building he recently acquired.Highlights1) Even if you don’t have or make a lot of money to put into your real estate business, with a little creativity, you can still scale your portfolio relatively fast. Two examples are owner (or seller) financing which lets you bypass a traditional mortgage, and subject-to deals in which you take over the owner’s existing mortgage.2) There are times when it will be beneficial to use lines of credit to fund your real estate business quickly, such as when doing renovations. Doing this responsibly comes simply down to tracking expenses and staying disciplined enough to stay within your numbers.3) The faster you learn to screen tenants, the faster your investment portfolio will grow. Joseph is able to self-manage all 65 of his units by having tenants that pay rent on time, using RentRedi to systematize payments and maintenance requests with little-to-no effort on his part.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 latest segment of the show, 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 Alex Kamunyo (Episode 85) discusses managing his first property, his first slip, screening tenants and more. You can listen to the full episode here.Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.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 latest segment of the show, The Investor Spotlight! In this segment, we will feature a short clip from a previous episode.In this clip, Andre Harris talks about rehabbing Land Bank properties, taking his time to grow his portfolio and more. If you want to hear the full episode click here. Get a free Landlord Insurance Quote from Steadily hereGet our new merch- https://blackrealestatedialogue.com/collections/allAccess all of our resources on our website- https://www.blackrealestatedialogue.comDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Get my New E-book How to Build Wealth in a Recession- https://bit.ly/bredrecessionguideLearn how to invest out of state- https://www.outofstatemoney.com/ Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy