1 hr 7 min
Episode 94: How to Build a Real Estate Empire Black Real Estate Dialogue
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- Investing
Don't forget to subscribe, leave a rating and review!
This episode with Edward Brown and Myosha Porterie-Brown was powerful! Edward came from a family of entrepreneurs who had various businesses to make ends meet, which planted a seed in him. Myosha had multiple businesses when they met and that encouraged him to work towards real estate investing. After getting over some fears and becoming disillusioned at his job, they made their first investment 5 years later.
They purchased their first property in 2017 and planned to flip it, but a car crashed into the property which caused extensive damage. After this incident, they decided to make the property a rental, and had enough equity to do a cash out refinance which allowed them to grow the portfolio. They did a lot of the repairs on their own to get experience and understand how everything worked.
After learning how to build a pipeline of deals, Edward and Myosha's business grew exponentially. To date, they've flipped 52 properties, have 11 rentals and 1 new construction project underway. In this episode we discuss building a team, overcoming fear, the Houston market and more.
How to find them
IG Pages
@Investorguynick
@Thecreolebeauty
@porterieandbrown
@porterietaxsolutions
@shopporterieboutique
Website- https://www.porterieandbrown.com/
Highlights
1) You don't have to outsource every task in the beginning. There can be value in knowing about various things you'll eventually outsource such as repairs, management, rehab etc.
2) Pay contractors as the jobs are finished and don't ever pay everything up front. Get referrals and evidence of the work contractors have done previously. When you have a good team that does good quality work, make sure to stick with them.
3) It's important to educate yourself and network with others who are doing what you want to do. If you can find a good deal, people will be interested in investing with you.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-sales-page-1
Learn how to invest out of state- https://www.outofstatemoney.com/
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
Don't forget to subscribe, leave a rating and review!
This episode with Edward Brown and Myosha Porterie-Brown was powerful! Edward came from a family of entrepreneurs who had various businesses to make ends meet, which planted a seed in him. Myosha had multiple businesses when they met and that encouraged him to work towards real estate investing. After getting over some fears and becoming disillusioned at his job, they made their first investment 5 years later.
They purchased their first property in 2017 and planned to flip it, but a car crashed into the property which caused extensive damage. After this incident, they decided to make the property a rental, and had enough equity to do a cash out refinance which allowed them to grow the portfolio. They did a lot of the repairs on their own to get experience and understand how everything worked.
After learning how to build a pipeline of deals, Edward and Myosha's business grew exponentially. To date, they've flipped 52 properties, have 11 rentals and 1 new construction project underway. In this episode we discuss building a team, overcoming fear, the Houston market and more.
How to find them
IG Pages
@Investorguynick
@Thecreolebeauty
@porterieandbrown
@porterietaxsolutions
@shopporterieboutique
Website- https://www.porterieandbrown.com/
Highlights
1) You don't have to outsource every task in the beginning. There can be value in knowing about various things you'll eventually outsource such as repairs, management, rehab etc.
2) Pay contractors as the jobs are finished and don't ever pay everything up front. Get referrals and evidence of the work contractors have done previously. When you have a good team that does good quality work, make sure to stick with them.
3) It's important to educate yourself and network with others who are doing what you want to do. If you can find a good deal, people will be interested in investing with you.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/links
Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-sales-page-1
Learn how to invest out of state- https://www.outofstatemoney.com/
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy
1 hr 7 min