Ep 50- The Power of Group Economics
Episode description
Don't subscribe, leave us a rating and a review!
This episode with Danny Carter was epic! Danny is the founder of Buy Back The Block L.A., which was inspired by the death of Nipsey Hussle. Their mission is to educate our community on the value of practicing group economics and building generational wealth.
Danny bought his first property as a short sale in Palmdale, California. His property appreciated rapidly and after selling it 3 years ago he used the profits to purchase property in Indianapolis, Indiana. He's done over 10 long distance flips, has 13 units in Indianapolis and has also done some wholesaling.
In this episode we discuss Section 8 rentals, group economics, buying out of state, finding off-market deals, flipping long distance and so much more.
Access all of our resources on our website- https://www.blackrealestatedialogue.com/
Join the B.R.E.D Real Estate Investment Community- https://gum.co/LPizu
Become an Official Patron and get access to exclusive content and discounts! https://www.patreon.com/blackrealestatedialogue
Text BRED to 21000 to join our free VIP Text List
How to find him
IG- @buybacktheblockla @dannycarterwon
Twitter- @buyblackla @dannycarterwon
Show Sponsors
Mint Inc.
IG- @mintinc_usa
Buy Back The Block LA
IG- @buybacktheblockla
Website- https://buybacktheblockla.com/
Buy their latest ebook- Section 8 Rentals Made Easy- https://gumroad.com/a/178779251
Highlights
- Get 3 of Everything- Get 3 quotes for repairs, get 3 contractors to bid the job, get 3 references and call all of them
- Get to know the neighborhoods and activity in your market. This will determine if you should keep it as a rental, flip or wholesale the property
- Section 8 allows you to charge market rent and the government never misses a payment. You can provide good housing to people in our community.
- Tips for new investors- Don't get analysis paralysis, learn everything you can, but get out and do the work, call realtors, call property managers, get out there and speak to people
Advertising Inquiries: https://redcircle.com/brands
Privacy & Opt-Out: https://redcircle.com/privacy