Their first property was a multi unit they purchased shortly after college that needed 120k of rehab. Using the lessons from that purchase, they have grown their portfolio to 20 rental units in Baltimore with more on the way. In addition to their own investments, they started the NEXTgen Accelerator program to teach others to successfully invest in Baltimore. To date, NEXTgen participants collectively collect 1 million annually in rental income.
In this episode we discuss community development, being a visionary, the future of Baltimore, their goal for their NEXTgen Accelerator to reach 220 doors this year and much more.
Highlights
1) Financing Strategies- Tax Credits, Seller Financing, Private Lenders
2) We have to see the potential in our communities. If we don’t, someone else will. Think about what a blighted house and community could be in the future and invest!
3) Get Involved with your Community Association. This is how you can have a voice in the potential changes in your community. Community Associations are the gate keepers, developers and investors have to run proposals by them
4) Take Action- Everything won’t be perfect, but it’s important to take the first step
How you can find them
IG- @charmcitybuyers
www.charmcitybuyers.com
Resources
NEXTgen Accelerator Real Estate Mentorship
https://charmcitybuyers.com/nextgen_accelerator –If you apply, please mention our podcast as how you learned about it.
Show Sponsor–
@mintinc_usa
http://mintinc-usa.com/
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Real Estate Courses & EBooks
Deandra McDonald House Hacking Course- https://bit.ly/DMhousehack
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