42 min
Episode 93: How a Student Loan Started a Real Estate Empire Black Real Estate Dialogue
-
- Investing
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This episode with Jude Bernard was legendary. Jude's investing journey began when he used his student loan refund for the down payment on a multi-unit property in Queens, New York. His goal was to simply make $500 extra per month.
20 years ago, he realized that Brooklyn would be the next up and coming area to invest in. He chose to make his first Brooklyn investment in Clinton Hill due to its proximity to downtown Brooklyn and various indicators of growth.
Through many sacrifices, he persevered through the financial crisis and managed to keep all of his properties. Jude has grown his portfolio to over 30 units in New York City. He also runs the Brooklyn Bank, a non profit that promotes financial literacy and overall betterment of the community. In this episode we discuss creativity, how to find a great investment location, future plans and more.
How to find him
IG- @mrjudebernard
Website- https://www.thebrooklynbank.org/
Highlights
1) If you can't invest in the epicenter of a city, look at areas on the perimeter. The growth usually expands to those areas and it's still desirable for tenants.
2) Make sure your properties are cash flowing. Appreciation is not a strategy because you have no control over it.
3) If you invest in real estate, you should learn about various aspects of the business that impact investing.
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 us a 5 star rating and review!
This episode with Jude Bernard was legendary. Jude's investing journey began when he used his student loan refund for the down payment on a multi-unit property in Queens, New York. His goal was to simply make $500 extra per month.
20 years ago, he realized that Brooklyn would be the next up and coming area to invest in. He chose to make his first Brooklyn investment in Clinton Hill due to its proximity to downtown Brooklyn and various indicators of growth.
Through many sacrifices, he persevered through the financial crisis and managed to keep all of his properties. Jude has grown his portfolio to over 30 units in New York City. He also runs the Brooklyn Bank, a non profit that promotes financial literacy and overall betterment of the community. In this episode we discuss creativity, how to find a great investment location, future plans and more.
How to find him
IG- @mrjudebernard
Website- https://www.thebrooklynbank.org/
Highlights
1) If you can't invest in the epicenter of a city, look at areas on the perimeter. The growth usually expands to those areas and it's still desirable for tenants.
2) Make sure your properties are cash flowing. Appreciation is not a strategy because you have no control over it.
3) If you invest in real estate, you should learn about various aspects of the business that impact investing.
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
42 min