cover of episode Ep 18-Empowering Women in Real Estate and Leaving a Legacy

Ep 18-Empowering Women in Real Estate and Leaving a Legacy

2020/2/17
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Black Real Estate Dialogue

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This episode with Lanisha Stubbs was powerful! Lanisha is a Residential & Commercial Broker at Wesity Inc. based in Inglewood, CA. Wesity Inc. does sales and consulting with new and seasoned investors to help them reach their investment goals and much more.  

In addition to Wesity Inc. Lanisha is an investor and also leads LA Wire Investors Club (Los Angeles Women in Real Estate Investors Club) to empower women in real estate. 

In this episode, we discuss out-of-state investing, raising capital, leaving a legacy and much more. 

How you can find her

IG-@lstubbsbroker

Website- https://www.wesityinc.com/)  

Women's Real Estate Group- https://www.facebook.com/groups/LAWIRECLUB/)  

Email- [email protected])

Highlights

  • Seller Financing Tips- Looks for homes that are free and clear -> Look for owners who live out of state. Title Reps can compile detailed searches for home owner leads with information such as (date of last sale, status of mortgage etc)
  • Out of State Investing- There are many markets that are inexpensive. It's important to have boots on the ground who can look out for you (property manager, friends, community members etc)
  • Using OPM (Other People's Money)- It's important to have a specific niche for the type of properties you want to invest in to show investors. Your 4-5 page presentation should include information such as--budget for acquisition, budget for rehab, ARV(after repair value), how much and when they will get their return. You only need 3-4 reliable investors. 
  • It's not all about adding units, it's all leaving a legacy for your children and your family

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