cover of episode Ep 7- 13 Chicago Doors. From House Flipper to Landlord. Investing where others won't

Ep 7- 13 Chicago Doors. From House Flipper to Landlord. Investing where others won't

2019/11/25
logo of podcast Black Real Estate Dialogue

Black Real Estate Dialogue

Shownotes Transcript

itunes pic Don't forget to share, subscribe, comment and leave us a rating!

This episode from Pongee Barnes was inspiring! In this episode we discuss how she used early lessons to scale her portfolio to 13 doors, with minimal debt. We also discuss why she invests in Chicago and why we should value our communities before others do. In this episode, you'll learn about the importance of taking action and doing what's best for you regardless of societal norms. 

How you can find her IG-@realestateandchill

Highlights  

  • Your first real estate deal will never be perfect. You need to get your feet wet and get in the game. Get past analysis paralysis. 
  • If you want to be a house flipper get a mentor and make sure that your numbers are run as accurately as possible, Do your due diligence with contractors, including incentives intro contracts can help keep them accountable. Never pay for work upfront. 
  • The Chicago Market- Plenty of people are getting wealthy investing in the city while others are listening to what the media says. It's one of few markets in which properties appreciate rapidly after light rehab. We can talk down on our communities or buy back the block.
  • Don't buy real estate because it's the American Dream, buy because it's a source of income. For new investors, don't get overwhelmed and build slowly. Once you gain momentum, you can scale up from there

Show Sponsor--  @mintinc_usa

http://mintinc-usa.com/  

Resources Real Estate & Chill- Book for new investors that discusses topics such as creative financing, finding a great real estate agent , working with contractors etc. This book can be found on Amazon, Audible, Itunes. Link in bio 

Courses and Coaching - Contact @realestateandchill for more information. [email protected]

Connect with us!

Buy your Black Real Estate Dialogue Tee- http://bit.ly/bredtee)  

Join our email list- http://bit.ly/bredlist)

Advertise your brand with us- https://bit.ly/bredadvertise)

**From our Partners! **


**Real Estate Courses & EBooks **

Deandra McDonald House Hacking Course- bit.ly/DMhousehack))

Deandra McDonald Landlord Life Bundle Course- bit.ly/Dlandlord)

The Rental Property Bundle (4 EBOOKS Included!)- https://bit.ly/RentalBundle )****

Side Hustles & Credit

Todd Capi Advertising Inquiries: https://redcircle.com/brands)Privacy & Opt-Out: https://redcircle.com/privacy)