Episode 104 Secrets From First-Generation Millionaire Real Estate Investors
Recession or not, real estate will always be a tool to build generational wealth. This episode focuses on secrets from first-generation real estate investors who all started investing with less than $15,000 and became millionaires in less than 10 years.
In this episode, Steven Stack, Yamundow Camara, Erika Brown, and Attiya Blair, 4 First Generation Real Estate Millionaires join The Dreamers Podcast to share their strategic tips and drop amazing gems for how you can do it too.
In this episode, we discuss:
- Strategies to build long-term equity
- Investing in yourself for financial freedom
- Increasing income and raising capital
- Common real estate misconceptions
- Using profits to invest in the next property
- Unconventional resources to acquire real estate
- Finding a bank to partner with on real estate deals
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- Not giving up because of rejection or “No’s” [7:48]
- Section 8 option for properties as “guaranteed money” and addressing the stigma [9:02]
- Good debt vs strategic debt [13:48]
- Ownership of time [15:58]
- Self-discipline as an investment [18:05]
- Leveraging other people’s money [19:03]; [25:00]
- FHA loan intro and benefits [21:24]
- Building wealth vs making money [23:28]
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Other Episodes You Might Like:
- 28 Doors and Counting: How to Build Wealth from Rentals with Yamundow Camara
- 9 To 5 Millionaire By Age 31 with Steven Stack
- Building a Multi-Million Dollar Recession Proof Real Estate Portfolio Leveraging OPM with Attiyah Blair
- How Erika Brown Quit Her Corporate Job to Pursue Real Estate and Purchased 38 Doors in Five Years