Black Real Estate Dialogue

 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, Ogechi Igbokwe talked about the importance of setting goals and paying off debt while investing. So many people think they can't pay off debt while investing in real estate. This is not necessarily true and Ogechi explains how she did it 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 is all about simply getting started in real estate. So many people think it's too late to start and it's simply not true. Sometimes you need to get started with what you have. Eric Bowie (Episode 46) and Jimmy Woodard (Episode 97) talk about how they got started and some lessons they've learned. Eric made his first investment when he was 30 years old and he didn't have much money. Jimmy started a short-term rental business, Cloud Castles with a friend and raised money to get it started. 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. Pre-order my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/firsttenantcourseLearn 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/dpassistance1Text 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!This interview with John Casmon was powerful! John is a multifamily real estate investor and host of the Multifamily Insights podcast. His company has purchased hundreds of units all around the country over the years. John is a corporate escapee who enjoyed what he did for a living, but hated the lack of control he had over his time. All the while, he knew that the skills he had gained throughout his career up to that point were transferable. Ultimately, these reasons motivated him enough to take the leap into entrepreneurship and he was able to reap the rewards he enjoys today.In this episode, we discuss why it’s necessary to have a great team behind you if you want to scale as a real estate investor, especially if you have your eyes set on large multifamily investing. He also shares the six things he and his team focus on when looking for a great property to invest in, as well as how to create systems and processes that raise capital to your growing business.Highlights1) If you want to feel more comfortable doing an unfamiliar thing, you have to hang around people who are doing what you want to do. From support groups to mentorship, it’s vital to surround yourself with people doing or have done what it is you want to do.2) Real estate investment is a team sport. If you’re buying single family houses, it’s easier to run the business yourself. When it comes to large multifamily, however, you need to have a team around you. It’s virtually impossible for you to find a great deal, underwrite that deal, appraise the property, raise capital, oversee management, etc. all by yourself.3) As you scale your business, it’s vital to have a process in place to attract investors. There are three “C”s to doing just that: Confidence, Credibility, and Connections. How to find himWebsite - https://casmoncapital.com/LinkedIn - https://linkedin.com/in/multifamily-apartments-john-casmonPodcast - https://casmoncapital.com/podcastIG- @jcasmonPre-order my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/firsttenantcourseLearn 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/dpassistance1Text BRED to 74121 to join our text list 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, Welby Accely talked about how to buy properties right. As an investor it's important to not overpay for a property. You need to know your numbers and how to analyze deals. 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 is all about partnership and raising capital. So many people want to invest in real estate and don't have enough money. You can partner with others to invest or raise capital to invest. Markus Jackson (Episode 38) and George Gipson (Episode 21) talk about how they formed the right partnerships and raised capital to buy properties. George was able to scale his real estate portfolio by finding the right partner. Markus and his business partner raised capital for their first property and haven't looked back. 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/dpassistance1Advertising 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, we sit down with returning guest Kendra Barnes, founder of The Key Resource and a real estate investor. In today’s conversation Kendra speaks to us about her new book, Acres, which contains inspiring stories of 25 real estate investors who are normalizing Black wealth, one acre at a time.Part of her inspiration behind writing this book is her observation that there is a “Black Renaissance” of sorts taking place today, where investing among the Black community is drastically gaining steam. To Kendra, this is Black history in the making, and it’s well worth documenting.Listen in as Kendra offers her tips on navigating times of uncertainty such as the pandemic, and how to determine whether it’s time to sell a property. She also speaks on the unique opportunity that is the Travel Nurse rental, and her two pieces of advice for new or aspiring investors.Highlights1) Kendra acknowledges that her story is unique, inspiring, and empowering; but, everybody else who has tasted success in this industry has a story as well. It’s important to collect different experiences and viewpoints, as doing so can result in a rising tide that raises all boats.2) Real estate is considered “passive income”, but there are seasons. There will be weeks—if not months—where nothing happens, and other weeks where you have an influx of business. Take note of the pros and cons as you hold your properties over time to give you greater clarity on when it might be time to sell.3) If you’re just getting started in real estate investing, begin with a money goal in mind. This will help you work backwards and create a game plan for where you need to be. Also, once you acquire your first property, put yourself in a position to pivot in case your initial plan doesn’t work out.How to find herWebsite - https://thekeyresource.com/Book - https://getyouracres.com/?ref=32IG - @thekeyresourcePre-order my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/firsttenantcourseLearn 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/dpassistance1Advertising 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, Austin Smith explained 4 different types of partnership in real estate. There may be a point when there is only so much you can do on your own as a real estate investor. The right partnership can take your investing to the next level. 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 jobs and real estate. So many people are debating whether or not they should keep their jobs or invest full-time. The truth is you can use your job as your first investor while you build your business. Andre C. Hatchett (Episode 54) and Michelle McAllister (Episode 28) talk about how they got started in real estate. Michelle strategically planned her exit from the 9-5 life to get into business full-time. Andre locked in and saved as much money as he could from his job before buying his first property. 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. Pre-order my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/firsttenantcourseLearn 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/dpassistance1Advertising 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 returning guest Austin Smith, a real estate agent and investor from New Jersey. With property prices rising in the state, Austin recently decided to buy a property in Cleveland. He breaks down why he made that specific decision as well as the unique value proposition of the market.Austin goes on to offer his thoughts on the possibility of a market crash in the near future and what we can learn from the Global Financial Crisis of 2008. He also shares his story of working with a credit partner on a creatively-structured deal he recently closed on.Ultimately, Austin invites us to reach out and connect with like-minded individuals in our community, saying that building relationships and expanding our network is so much more powerful than the accumulation of information. “Information is amazing,” he says, “but eventually we get information overload and we take no action.” In this episode, we discuss investing in a new market, creatively acquiring properties and more. Highlights1) “You have to feel good in order to bust a move, no matter what happens with that move.” To truly minimize regret in the high-stakes world of real estate, every decision you make as an investor, regardless of whether or not it turns out to be the right decision, should never be made simply because you’re following a trend.2) Don’t buy for appreciation. Buy for cash flow. Buying for appreciation requires you to buy at the right time. Buying for cash flow requires you to buy at the right price. You can control the price that you pay. You can’t control when the “right time” will take place.3) Unless you’re sitting on millions, you will run out of your own money sooner or later. In fact, even if you had those millions, you’d still eventually tap out. This is just part of the game. One of the best ways to be able to continuously scale your business is through partnerships.How to find himWebsite - https://austinsmithrealestate.com/IG - @morethananagent_Pre-order my new course "A Beginner's Guide to Finding Your First Tenant"- https://bit.ly/firsttenantcourseLearn 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/dpassistance1Advertising 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, Marjorie McPike, CPA shared practical advice about real estate taxes and answered questions. She has many years of experience as a Certified Public Accountant and has helped countless investors over the years. 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