Black Real Estate Dialogue

Don't forget to subscribe, leave us a rating and a review!This episode with Crystal Denmon was powerful! After getting fired from her job 7 years ago, she realized that she needed to figure something out. She decided to start wholesaling and driving for dollars in her neighborhood. It took her 8 months to close her first wholesale deal and the rest was history. She built up capital through wholesaling and used that capital to transition into flipping houses in Los Angeles. In this episode we discuss avoiding perfection, wholesaling, flipping properties, future plans and more.How you can find her:IG- @socalflipgalWebsite- https://linktr.ee/socalflipgalTik Tok- @socalflipgal Facebook- @socalflipgal Email- info@socalflipgal.com HighlightsStop trying to be perfect, start with what you have and improve along the way. If you try to be perfect, you won't get startedFinding off market deals is a good skill to have as an investor, wholesaling helps with that. It helps you negotiate, find properties under value, network and moreThings are changing in our communities all over the country. It's an opportunity, either participate or stay on the sidelines. Don't spend time complaining. You don't need to know everything, there is always someone who can help with the things you don't know Access all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListShow SponsorsMint Inc.IG- @mintinc_usa Buy Back The Block LAIG- @buybacktheblockla Website- https://buybacktheblockla.com/Buy their latest ebook- Section 8 Rentals Made Easy- https://gumroad.com/a/178779251  Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode was my first solo episode since Episode 41. I did this episode in response to a lot of comments I've gotten recently about mindset. Many of us are or will be the first person in our family or circle who will own property. A lot of fear and doubt can creep in when you're the first to do it. In this episode, I answer questions submitted by followers about the investor mindset.In this episode I answer questions about not selling grandma's house, ignoring negative comments from others, socially responsible investing and more. Access all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListShow SponsorsMint Inc.IG- @mintinc_usa Buy Back The Block LAIG- @buybacktheblockla Website- https://buybacktheblockla.com/Buy their latest ebook- Section 8 Rentals Made Easy- https://gumroad.com/a/178779251  Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't subscribe, leave us a rating and a review!This episode with Danny Carter was epic! Danny is the founder of Buy Back The Block L.A., which was inspired by the death of Nipsey Hussle. Their mission is to educate our community on the value of practicing group economics and building generational wealth.Danny bought his first property as a short sale in Palmdale, California. His property appreciated rapidly and after selling it 3 years ago he used the profits to purchase property in Indianapolis, Indiana. He's done over 10 long distance flips, has 13 units in Indianapolis and has also done some wholesaling. In this episode we discuss Section 8 rentals, group economics, buying out of state, finding off-market deals, flipping long distance and so much more.Access all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHow to find him IG- @buybacktheblockla @dannycarterwonTwitter- @buyblackla @dannycarterwonShow SponsorsMint Inc.IG- @mintinc_usa Buy Back The Block LAIG- @buybacktheblockla Website- https://buybacktheblockla.com/Buy their latest ebook- Section 8 Rentals Made Easy- https://gumroad.com/a/178779251  Highlights  Get 3 of Everything- Get 3 quotes for repairs, get 3 contractors to bid the job, get 3 references and call all of them Get to know the neighborhoods and activity in your market. This will determine if you should keep it as a rental, flip or wholesale the propertySection 8 allows you to charge market rent and the government never misses a payment. You can provide good housing to people in our community. Tips for new investors- Don't get analysis paralysis, learn everything you can, but get out and do the work, call realtors, call property managers, get out there and speak to people Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode with Reginald Jordan Sr. was one of the most inspirational episodes we've had to date. Reginald has been building homes in the black communities of Chattanooga, Tennessee for 24 years. As a child, he learned that his great grandfather owned two city blocks of houses and financed people within the community so they could buy houses during the redlining era. His journey started when he was fired from his job and was introduced to a man who showed him the ropes of building homes. After overcoming some early challenges, Reginald has built a successful business that his sons both work in. To date he has built over 400 homes!In this episode we discuss his focus on building for low/moderate income families, creating black homeowners, investing in the hood, tips for aspiring builders and more. Access all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListShow Sponsor-- @mintinc_usaHow to find him IG- @regthebuilderEmail- infiniteconstructiontnllc@gmail.comHighlights  Don't show a need when you are borrowing money from a lender or bank. They should feel like you can help them make money. Economics, Education and Empowerment are important in the black communityIf you're building homes, you should seek to help the elderly homeowners in the community get their property taxes frozen. Look into state programs that help the elderly pay their property taxAspiring Builders- Do your research, check a local community colleges for contractors license classes, follow someone who is doing what you want to do Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

This episode with Tim Webb and Rashae Bey was powerful! They both had entrepreneurial goals during their childhood and things took off when they discovered that they could build wealth through real estate.They individually had a total of 19 doors before closing on a 9 unit property together near the University of South Carolina where they both went to school. Although they had success individually, they believe they could get even further by collaborating.In this episode we discuss the importance of recognizing opportunity, teamwork, rehabbing properties, the South Carolina real estate market and more.Show Sponsor-- @mintinc_usaAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHow to Find ThemIG- @leethegoat, @morethana9to5 @alihonchoWebsite - https://www.morethana9to5.com/Buy Black the Block Ebook- https://www.morethana9to5.com/ebooksHighlights Consider getting a Roth IRA, maxing it out and using it to invest in real estate. You should also consider borrowing from your 401k to fund deals It's important for black people to work together. We can achieve more as a team than individuals Educate yourself as much as possible- listen to podcasts, buy ebooks (link to Tim's book above), buy courses, follow investor's on Instagram Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

The episode with John Lewis was full of game! His first property was his aunt's house that he purchased when she relocated in order to keep it in the family. He currently house hacks with his family and has 8 rental units.During this show we spoke about numerous creative acquisition/disposition strategies such as Lease with an Option, Subject-to, Owner Financing, Contract for Deed and more. We also speak about the changes happening in the St. Louis market, tips for new investors, his plans to do new construction in his old neighborhood and more. Show Sponsor-- @mintinc_usaAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHow you can find himIG- @imjohnlewHighlights Creative Acquisition/Disposition Strategies- Lease with an Option, Subject-to, Owner Financing, Contract for DeedSourcing Your Own Deals- Cold Call sellers, utilized voicemail apps, drive around and look for distressed properties, write letters If you have children, expose them to real estate and entrepreneurship. Business can be their plan A and a job can be their plan BTips for New Investors- Education Yourself, Network with people in your market, Determine how you want to find and fund dealsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode with Eric Bowie was inspirational and full of wisdom! Eric has been a landlord for over 20 years and currently is a personal finance coach, 6-figure ebay seller, author and much more. Eric's acquired his first property via seller financing and for two months he tried to get a squatter out. His turning point came when he was overwhelmed and sitting in a demolished kitchen questioning his decision to invest. After that, he shadowed a General Contractor for  and worked for free to learn the ins and outs of rehabbing properties. Within his first 5 years of investing he scaled up to 6 properties. After the recession, he decided to scale down and sell some of his properties. In this interview we speak about the Kansas City market, making sure you don't over leverage, getting his daughter through college with his ebay business and more. Show Sponsor-- @mintinc_usaHow you can find himTwitter- @smartmoneybro1Facebook-https://www.facebook.com/smartmoneybro/https://www.smartmoneybro.com/Buy his books- http://bit.ly/ericbowieAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHighlights Don't study too long. You learn by doing the work, buying property and learning as you go. Get in the field, meet lenders, agents etc. Don't over leverage yourself- Put some money down on the properties and make sure you have cash set aside for each property. Aim for at least 5k. It's not about having many properties, take your time. Having 5 paid off properties renting for 800 per month is better than having twice the number of properties with the same total cash flow.Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode with Alexis Lee was inspiring! Alexis is a Atlanta, Georgia native and Hampton University Alum. After being co-owner of three successful hair stores, she realized she was miserable and not operating in her purpose. She sold her shares, took the lessons and started investing in real estate. Currently she has 16 units and has done a lot of flips over the years. In this episode we discuss, flipping properties, Air Bnb, investing in your children, her new construction home and more! Check out her resources here- https://linktr.ee/alexisleerealestateHow you can find herIG- @alexisleerealestateShow Sponsor-- @mintinc_usaAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHighlights If you use the FHA loan (3.5% down) you don't have to stay there forever. You can stay there for one year, move and rent it out. You can then repeat the process. When you get a lead, see the property, find out the comps in the area, repair costs and what you can sell or rent it out forWhen seeking mentorship, focus on building a relationship with someone who can continuously help you. Come in and find a way you can help them and not just take from themWhen it comes to long-term of short-term rentals you must have money set aside for emergencies Resources- Tenant Cloud is property management software you can use to manage everything Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode with Annalisa Abell was powerful! Annalisa has a bachelor's degree from The University of Kentucky and a masters degree from Morehead State. She currently works in Healthcare Finance. In addition to investing in real estate, she is a personal finance coach and recently launched a course showing others how to become debt free. She personally was able to pay off her student loan, car and credit card debt in one year.  Her interest in real estate started in college after realizing how much rent her landlord was bringing in. She immediately thought that she could do the same thing. Last year, she purchased a duplex that she househacks. In this episode we discuss the Cincinnati market, house hacking, being debt free, future plans and more.How to find herIG- @justannalisaAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuBecome an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogueText BRED to 21000 to join our free VIP Text ListHighlights  When you're looking to buy property, ask your lender/agent about grants that are available, or research themIt's okay to buy in a city that's not popular. That's usually where the opportunity is and less competition  For young people, consider not moving to expensive markets. Living in low cost cities can make it easier to stack money and level up financially Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy

Don't forget to subscribe, leave us a rating and a review!This episode with Shyra and Marques Murrey was empowering! After realizing that being in debt was preventing them from reaching their goals, they focused on eliminating their six-figure debt and did so in 2.5 years. They used a home equity line of credit to purchase their first property in Greensboro, North Carolina and purchased a second one in the same year. In this episode, we discuss becoming debt-free, purchasing property in North Carolina from California, educating their children on finance, future plans and more. Their podcast, courses, Youtube channel and other resources can be found here- https://linktr.ee/blackmarrieddebtfreeShow Sponsor-- @mintinc_usaAccess all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizuHighlights To get out of debt, start with the smallest debt and work up to the largest debt. Reaching smaller milestones will motivate you Assembling your team is important as a long distance investor. Real Estate Agent, Property Manager, Financing, ContractorsKnow what your goals are. Know if you want to invest in REITs, Buy & Hold, Flip, Wholesale etc. Paying off Debt- figure out how much debt you have, create a cash flow statement, look at your spending habits, Advertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy