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Entrepreneur

Ep 58- How to Buy Back The Block & Rebuild Your Community

podcast January 25, 2021

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Black Podcasting - Ep 58- How to Buy Back The Block & Rebuild Your Community
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This episode with Kasondra Milton was powerful! Kassondra is currently a Software Engineer in Northern Virginia. She purchased her first property shortly after college using FHA, with a plan to stay there for 12 months, rent it out then do it all over again. The real estate market crashed shortly after she purchased her second property. When the market crashed, she immediately started looking at her hometown of Rochester, NY for investment opportunities.

This move paid tremendous dividends for her and since she purchased her first property back home, she hasn’t looked back. She currently has 12 rental units, and is currently under contract for 16 more doors in Rochester using profits from the sale of her very first property. 

In this episode, we discuss buying back the block in your hometown, knowing your criteria, leveraging your 9-5, what a 1031 exchange is and more. 

How you can find her
IG-@pretty08investor

Highlights

  1. Run your own race and stick to your strategy. It’s tempting to get distracted by what others are doing, one property per year adds up overtime.

  2. Know your market- Don’t invest in a city just because someone said to. It’s important to know the city well and do your research before investing.

  3. Know your criteria- You need to know how much cashflow you want to make each month, you also need to know if you want a turnkey property, moderate rehab or full rehab

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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  

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