Ep 9- 15 Doors, Restoring Baltimore with Creative Financing
Episode description
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This episode with Ashley & Darien White @kemeticcapital was great! After realizing that the 9-5 grind wouldn't be enough to build generation wealth they immersed themselves in podcasts and learning about real estate. They used an FHA loan to get their first multi unit building--since our recording, they have added 3 doors and now have 15. Learn about how they creatively finance their deals to revive Baltimore one door at a time.
How you can find them
IG- @kemeticcapital
Linktree- https://linktr.ee/kemeticcapital
Highlights
- Educate yourself- Listen to podcasts, look into courses/classes, seek experienced mentors who have used the strategies you're interested in.
- Raising Capital- Share what you're doing with the people around you. As you grow and achieve more success, family, friends and others can become your best investors. If you can break down the numbers and provide a good deal, people will invest.
- Working with Contractors- Vet them thoroughly-- look at their previous projects, get referrals. Pay them on a schedule, never pay everything upfront and don't complete payment until all of the work is done. Don't be afraid to fire a contractor if it's not working out. Hire Slow, Fire Fast.
- Investing in our communities- In spite of what the media says, there is a lot of investment and development taking place in Baltimore. We should be the ones improve our communities and provide residents with great housing.
Show Sponsor--
@mintinc_usa
Books- 7 Skills of Highly Successful People, The One Thing, Cashflow Quadrant, Rich Dad, Poor Dad, How to Win Friends and Influence People
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Making the Most of Your Veterans Affairs (VA) Home: An Active Duty Service Member and Veteran’s Guide to Home Ownership Loan Benefits- https://amzn.to/36fnveR
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