Black Real Estate Dialogue

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!In real estate, everyone starts somewhere and learns lessons along the way. The important thing is to get started and to learn creative financing strategies that will help you to grow your portfolio. Rashauna Scott (Episode 29) and Jeremy Taylor (Episode 22) talk about the importance of getting started with what you have and using all of the creative strategies at your disposal to grow. This is an episode that you don't want to miss!We will be releasing mashup clips on various topics every Wednesday at 5pm PST/8pm EST. If you want to hear the full episodes, you can go back and listen to them. Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List and to get a free training Show Sponsor: Steadily Insurance- https://www.steadily.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. I will be shouting out all 5-star reviews on the show!Today, we sit down with Vernon Beckford, CEO at Diversified Lending Solutions, a mortgage loan advisor which helps real estate operators that are looking to scale their operations to obtain debt financing.Vernon and his partner were inspired to start Diversified Lending Solutions in order to bridge the gap between budding small businesses and larger, well-established companies. Their clientele typically requires financing in the $5 million to $50 million range. At the same time, the company funds small balance deals on a case-by-case basis, particularly if they are single family rentals, fix-and-flip, or small multifamily or mixed-use properties.In this episode, we discuss how Vernon and his team is helping to lift up smaller players in real estate, particularly in the black community. He also explains how an operator can create a powerful and persuasive narrative to obtain funding, and how to qualify for funding from Diversified Lending Solutions as a smaller operator.Highlights1) If you work at a larger company, you tend to take many financial or operational decisions for granted. As a business owner, however, you are solely accountable for all your decisions. Exercise your entrepreneurial muscle, heavily involve yourself in every department, and maintain a solution-oriented mindset in the startup phase.2) Small operators tend to do it all themselves: They search for properties, deal directly with brokers, handle their own legal documents, do renovations, and make pitches to lenders. In that situation, so many details can fall between the cracks. In order to save yourself the costly mistakes of signing up for the wrong loan, it literally pays to work with an advisor.3) Use “objection smoothing” to get clear on why someone would say “no” to your deal. Don’t assume that the other party will share your vision. This way, you may even be able to identify risks that you had never noticed beforehand. You can then start to think about how to manage those risks. Showcase that you’ve thought through all of these concerns to inspire confidence.How to find himWebsite - https://www.dlsloans.com/LinkedIn- https://www.linkedin.com/in/vernon-beckford-77ba17/Show Sponsor: Steadily Insurance- https://www.steadily.com/Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List to get a free training and the latest updates!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. I will be shouting out all 5-star reviews on the show!Today is another session of our latest series of the podcast, the B.R.E.D Investing Community Highlight. This will consist of clips from our master classes in the B.R.E.D Investing Community. In this session, Dionte Chantel talked about how she got into real estate development by building modular homes and answered questions from the group.  As an investor, it's important to learn about different ways to get into the real estate business. So much game was dropped in this clip, so make sure you tune in! If you enjoy the clip, you can hear the full session by joining the B.R.E.D Investing Community.Join the B.R.E.D Investing Community - https://bit.ly/bredcommAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!Whether you want to invest in short-term rentals, long-term rentals, large apartment buildings or simply want a few rental properties, you need to know what you're doing. You also need to know why you're doing it and it's important to avoid comparing yourself to others. Jimmy Woodard (Episode 97) and Maurice Philogene (Episode 68) talk about the importance of analysis regardless of your strategy, being intentional about your real estate goals and sticking to your vision. This is an episode that you don't want to miss!We will be releasing mashup clips on various topics every Wednesday at 5pm PST/8pm EST. If you want to hear the full episodes, you can go back and listen to them. Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List and to get a free training Show Sponsor: Steadily Insurance- https://www.steadily.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. I will be shouting out all 5-star reviews on the show!Today, we sit down with Nasar El Arabi, an investor and wholesaler known as the Real Estate Doru.The success that Nasar enjoys today is something his 24-year-old self could only dream about. It was at that exact age when he did his first deal—a fix-and-flip—right as the crash of 2008 rolled around. He invested $14,000 and lost it all. But being, in his own words, “too stupid to quit”, Nasar decided to pivot into rental properties. This time, he made it a point to invest in himself first by reading Rich Dad, Poor Dad, and joining his local Real Estate Investment Association (REIA) where he was introduced to the concepts of wholesaling and creative financing. Nasar never looked back.In this episode, we discuss how to leverage your brand to become known as an expert in your niche, why it sometimes pays to invest in overlooked areas as long as you’re comfortable working there, and why education and networking are the two pillars of success in this space.Highlights1) Before you invest in real estate, you’ve got to invest in yourself first. Educate yourself by consuming all the material you can about your subject matter (ex. books and courses) and surrounding yourself with individuals who share your goals (ex. joining your REIA).2) Most people consume content. Very few implement what they learn by taking action in the field. Take in as much information as you can to prepare, but don’t wait too long to actually get started. This is especially true today when it’s so easy to experience info overload from the sheer amount of content available at your fingertips online. Find out what you want to do, then follow that one course until you find success.3) If you’re thinking about scaling your business but aren’t sure how to go about putting the right systems and processes in place, find a mentor or join a high-level mastermind group and learn from the experiences of others who have done what you want to do.How to find himWebsite - https://realestatedoru.com/Instagram - @realestatedoruLearn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List to get a free training and the latest updates! Show Sponsor: Steadily Insurance- https://www.steadily.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. I will be shouting out all 5-star reviews on the show.Today is another session of our latest series of the podcast, the B.R.E.D Investing Community Highlight. This will consist of clips from our master classes in the B.R.E.D Investing Community. In this session, Dé Ewetusa talked about how to analyze a real estate market. As an investor, it's important to find the right location for your investment. If you don't know how to do it, you'll learn in this session.  So much game was dropped in this clip, so make sure you tune in! If you enjoy the clip, you can hear the full session by joining the B.R.E.D Investing Community.Join the B.R.E.D Investing Community - https://bit.ly/bredcommAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!This episode is all about not giving up in spite of the difficulties you'll experience as a real estate investor. Markets may change over time, so it's important to be willing to adjust your strategy if necessary. Andre Harris (Episode 84) and Alex Kamunyo (Episode 85) talk about how they adjusted their strategies when the market changed and how they pushed past the unexpected challenges that happened on their journey. This is an episode that you don't want to miss!We will be releasing mashup clips on various topics every Wednesday at 5pm PST/8pm EST. If you want to hear the full episodes, you can go back and listen to them. Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List and get the latest updates! Show Sponsor: Steadily Insurance- https://www.steadily.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. I will be shouting out all 5-star reviews on the show!This episode with Alex Coleman was inspiring! Alex is a Baltimore-based real estate investor whose journey began all the way back in 2009.Alex takes us down memory lane, recalling his naïve introduction to flipping houses as a teenager with an entrepreneurial streak. From facing an embarrassing loss on his very first renovation project to struggling to keep his home improvement business afloat during The Great Recession, Alex’s story is yet another reminder that success is within reach no matter where we start.In this episode, we discuss considerations around working with hard money versus private money lenders, the keys to a great business partnership, and how to properly manage your finances for maximum profit.Highlights1) We understandably want to be hands-on with every aspect of our growing business; but, at some point, we need to learn to step back and delegate tasks in order to be able to focus on overall management and long-term growth.2) Always remember: This is a marathon, not a sprint. Every house you flip becomes part of your track record, and the key to success is to realize that not every project will be a home run, but they all contain valuable lessons that can drive you forward in your career.3) Whether you’re working with a hard money or private lender, get disciplined with your money and hire a bookkeeper as soon as you can. If you don’t know how much money you spent, you won’t know how much money you made.How to find himWebsite - https://linktr.ee/alrehabshousesInstagram - @alrehabshousesShow Sponsor: Steadily Insurance- https://www.steadily.com/Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List and get the latest updates!Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

 Show Sponsor: Steadily Insurance- https://www.steadily.com/Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!Today is another session of our latest series of the podcast, the B.R.E.D Investing Community Highlight. This will consist of clips from our master classes in the B.R.E.D Investing Community. In this session, George Pitts talked about how to buy land. So many people are interested in buying land but have no idea where to start. George has purchased land all over the country and shows us how in this session. So much game was dropped in this clip, so make sure you tune in! If you enjoy the clip, you can hear the full session by joining the B.R.E.D Investing Community.Join the B.R.E.D Investing Community - https://bit.ly/bredcommAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Show Sponsor: Steadily Insurance- https://www.steadily.com/Don't forget to subscribe, leave a rating and a 5-star review. I will be shouting out all 5-star reviews on the show!This episode was inspiring! In this interview, I sit down with Jamiel Strickland and returning guest Eric Friday (Episode 27). The two are the Co-Founders of Monopoly Bros.Our guests worked their way up from wholesaling to fix-and-flip to buy-and-hold. In this conversation, we dive into their biggest transaction yet: A 52-unit apartment building in a class A neighborhood right outside of Detroit. In this episode, we discuss why it’s important to set goals not only around cashflow, but around your ROI as well. Jamiel and Eric also talk about the beauty of working with a team when managing multifamily properties. The two share, through their example, that even the most successful real estate investing careers can begin with $10,000 homes.Highlights1) When it comes to single family units, the focus tends to be on cash flow. With large multifamily, on the other hand, appreciation of the property is usually the top consideration. After all, beyond cash flow, the bulk of your profits is typically made when you sell or refinance the property.2) With single family homes, value is mostly dependent on market conditions. However, you have much more control when it comes to large multifamily properties, by treating your investment like a business. You can do this by focusing on adding value, increasing your rental income while decreasing your expenses.3) Nobody jumps from beginner to owning a hundred units, no matter how passionate and excited they are about this space. Jamiel and Eric started out investing in $10,000 houses. Be intentional about tackling your goals one step at a time.How to find themWebsite - https://monopolybros.com/Instagram - @monopoly.bros, @__efriday, @jamielstricklandTwitter - @monopoly_bros_Learn how to invest out of state- https://www.outofstatemoney.com/ Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Investing Community for $1- https://bit.ly/joinbredcommunityDownload my free guide Top 5 Down Payment Assistance Programs- https://bit.ly/dpassistance1Learn how to find your first tenant- https://bit.ly/firsttenantcourseText BRED to 74121 to join our VIP Text List and get the latest updates!Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy