The SLOE Wealth Podcast: Recent Episodes
Kendra & Remone
Informative, educational and funny. Hosted by Real Estate investors Kendra & Remone, the show delivers no-filler, raw real estate investor expreriences. The Host & Co-host entertain listeners with real life situations and tons of info on how to get started investing in real estate. Listen to step by step methods to buy multi-family properties with no silver spoon. So whether your new to investing or someone looking to transition into something bigger, this show is for you. There's a new episode released every week, so make sure to subscribe!
When the federal government started outlining certain neighborhoods in the 1930's as risky for mortgage loans this prevented many black inner city residents from becoming homeowners. This act was given the name 'Redlining' as the federal government and lenders would draw a red line on a map around neighborhoods they would not invest in. Thankfully laws were passed to make this illegal, but loopholes are always available and we'll discuss one that Wells Fargo has been accused of decades later.
Todays podcast we discuss why it's a great idea to invest in multifamily properties now more than ever. As we've seen inflation and interest rates are rising and this affects the average consumer in more ways than one. So we'll discuss 4 reasons why you should not buy a house and instead invest in a multifamily property and start building wealth.
Cash is king, right? Well depends on who you ask. If you ask us credit is the new king and without it you can find yourself on the losing end. Credit isn't just your credit scores, which can tell a lot about a person, but leverage. Leverage allows you use other peoples money. So lets discuss the difference between the two. Tune in!
Ever hear us talk about houshacking? Of course we mention it all the time, but we'll explain why its a great way to get into real estate and start building wealth. There are a number of ways to start househacking and you may be in a position already to start. It doest take a lot of money to start and is one of the easiest ways to make money in real estate and learn this game. Tune in!
Who loves debt? that's right no one does. As you bring in income it seems to go right back out toward expenses. Leaves you to wonder how will i ever pay off these bills? Well you may have a few options and we will discuss each one in detail. Tune in!
For at the last 3 years the country has seen numerous cities grow exponentially, with home prices skyrocketing overnight! Well that is the epitome of a sellers market and some will benefit while others will lose out. BUT you don't have to as we will discuss what the effects of a sellers market are and how you can strategically combat it. Tune in
This is a new year and with a new year comes new opportunities. An opportunity to make improvements in your life and achieve new goals. There's resolutions that aren't just for the new year, yet for the rest of your life and we'll discuss them all. Tune in!
To rent or not to rent? That is the question. But ownership is the answer.
Have you asked yourself where your rent money goes every month? Why does my rent increase every year? Well these are questions many renters have or should be asking themselves. Although the better question is, 'Why am i not the landlord?' This episode we will discuss various reasons why some are afraid to be a landlord and how to overcome this fear, but instead fear shelling out rent money every month with nothing in return.
Mizz Nekol is a charted music artist who just dropped her latest album titled 'Queen of Hustle'. She went from being homeless with 2 kids to becoming the hottest up and coming female MC out the midwest. She has overcome many obstacles in her life while using rap as a form of therapy. Her music details the struggles she's experienced, but through it all it has produced another stream of income for her and her family through Royalties. Learn how royalties work and how she's using it to build wealth IG: Mizznekol Fb: Mizznekol Fb:Stitch & Press Xpress llc Download Album: Queen of Hustle on all music platforms
We all have dreams that we sometimes wake up and thought it was real. Dreams of becoming a doctor, flying all over the world or your wedding day. But as someone wise once said," the only thing that comes with sleep is a dream." However there are times that you dream about something even when you're awake. You wake up thinking about it and go to sleep dreaming of it. It motivates you when nothing else will. It seem so real even though it hasn't come to fruition. That is a vision and is much different from a dream. But In order to have a vision and see it through, you have to wake up from your dream and get to work.
We interviewed a good friend and author Jenifer Fennell who wrote and published a Amazon Best Seller titled [Keep Living Journal] after dealing with the loss of her younger brother. Jenifer discusses how her loss helped her to write a journal that has helped hundreds of people get through their grief. Listen to her express the necessity in writing and how therapeutic it can be to get those thoughts and feelings out and on paper. She will also show how she was able to write and publish her book for less than $400! Tune in
Mr. Marcelis Sanderson with Precision Property group LLC has been in the mortgage industry as a loan officer over a decade, but when the pandemic hit he jumped out on a leap of faith and quit his job and started his new journey as a wholesaler of real estate. Its not often talked about, but wholesaling can be very profitable with little money down to get started. Listen to Marcelis as he'll go in-depth on how to find a deal, get it under contract and 'assign' the contract to another buyer all while never touching the property. He even made $36,000 on his first deal! don't miss this interview
Taxes are the often avoided by many as it's merely understood. The main concern is either getting a refund or not owing Uncle Sam. Yet taxes can work in your favor and help you build wealth through strategies devised between you and your accountant. One key way to gaining tax advantages is owning a business, but more importantly rental property. Accountant Devon Billups has been accountant over 10 years and will display his experience regarding taxes and the benefits. No need to be afraid of the irs as you can now learn how to use them to your advantage.
We've all had those encounters of great customer service that made you feel appreciated and eager to patronize a business again. Good service can keep you a long time customer and spread the word to all your friends and family. BUT unfortunately bad customer service does happen and when it does it can ruin your overall experience. Nothing seems worse than to encounter someone who is having a 'bad day' and decides to take it out on you. Customer service is every facet of our lives on a daily basis that it's importance can be easily overlooked and undervalued. Lets discuss why it should be revived and the number 1 goal for every business no matter how big or small.
If you are a seasoned investor or just new to the world of real estate, you know how hard it is to find a good agent. Especially in this time where the inventory market is very low and having someone knowledgeable with good negotiation skills is key. Well Dan & Angelina Bundy are two long time Agents that have been in this market since 2001 and have seen the housing market take a dip 3 times! And now in Seattle, Wa, one of the hottest markets in the country, they are still rocking it. So tune in as we'll discuss the current market, life as an agent and so much more.
Wealth is not only made through investing in real estate, but also the stock market as many people today are finding out. Some become millionaires overnight with very little investment. But what some don't tell you is the stock market is very volatile and just as easy as it is to make thousands in little time, you can lose it just as quick. However with any investment it helps to have the right information and knowledge to make the right investment choice. So in this interview we'll speak with Ronald Jones who has mastered Forex Trading and now has over 50 students who he trains and mentors daily. He will explain the ins and outs and how trading forex can help anyone gain financial independence. Tune in!
Predatory lending has and continues to be detrimental to lower income neighborhoods. With aggressive tactics these lenders will prey on those whom mostly have low income, credit scores and no assets. By giving them unfair and abusive loan terms that will keep them in financial trouble with no intention of the borrower paying off the debt. These practices have been ongoing for decades and the evidence is still present in many cities with predominantly black and brown people. With the insurgence of redlining giving birth to gentrification, predatory lending has become the norm as it stunts the growth of wealth in these communities. Lets talk about it and how we can help change it.
If you're like many folks that are in debt you often feel overwhelmed, while asking "how did i get here?" While debt can be detrimental to your life it can also be very beneficial. We'll discuss some of the misconceptions about debt and how to relieve yourself of the unwanted stress it can bring. Don't let debt be your demise, but use it catapult your way into financial freedom. Wealth is primarily driven by debt using credit and 'Leverage' and we will show you how it's done.
As the New Year arrived, so did the resolutions for many of us. Lose weight, exercise more, read more, make more money! As much as we'd love to keep our resolutions, most of us don't unfortunately. And without 2 key components it will never happen - Consistency and Discipline. When applied, your goals will always be achieved and even surpassed. We'll dive in and focus on 10 resolutions for better health and wealth, not only for 2021, but for the rest of your life.
Based on a true story, 'The Banker' is a monumental picture of two Black men in the Jim Crow Era, that set out to defy all odds and go against the grain of racial prejudice and bigotry to achieve equality in owning property. Little did they know their actions would implement and change laws allowing access to housing no matter the race or ethnicity. Becoming an owner today as we know it could be a lot different if not for the heroic and courageous actions of just two individuals who sought out fairness and equality.
In a market where property values are rising, some owners will make the decision to sell and walk away with cash in hand, minus TAXES. Taxes can be a costly expense to pay especially on a property which can kill your savings and cashflow! Well with a 1031 Exchange you can tell the I.R.S "I'll pay you later"-literally. We'll dive in and show you how this is a great wealth building tool and also how to give 'Uncle Sam' an IOU and keep all your money!
Millions of Americans and counting, have already filed bankruptcy this year. If you're among the millions that have filed for bankruptcy in recent years, you may think that your chances of investing in Real Estate are slim to none. But believe it or not, you can! With some patience, preparation and due diligence you can be on your way to building wealth in no time. Find out the different chapters of bankruptcies, the process and how they can affect your credit, but also give you a second chance to build your credit the right way.
We've all paid rent at some point in time, knowing we'll never get that money back. The key to building wealth in real estate and becoming financially independent is to receive rent without paying it. We'll show you how 'House Hacking' is one of the easiest ways to invest in Real Estate and start your path to build wealth.
With mortgage rates at all time lows, there has never been a better time to refinance. You can tap into the equity of your property or simply take advantage of a lower interest rate. We'll give you some insight on the different types of refinancing and how you can use them as a tool to increase your wealth.
The American Dream represents success, wealth and most of all Home ownership. But there is wealth gap in minority communities through devaluation and it's widening each year. Nevertheless, appraisals are the main key to sealing that gap and level the playing field. Learn how to get your 'foot in the game' and start gaining wealth.
Want to build a massive real estate portfolio that can survive any pandemic? Don't we all!
Well, your in luck, here we'll go into detail about about a strategy anyone can replicate. Utilizing Hud/Section 8 program you can help out those in need and also gain big returns. We'll discuss the advantages, disadvantages and how it can make you a successful investor!
Owning a property can be very challenging and at times a headache, but your success depends greatly on the management. Whether your Couples, Partners, Siblings or Friends, we'll discuss the advantages and disadvantages of Joint and Single property management. And by having a great support system is vital in your real estate journey. As we all know there's no 'I' in team.
Managing a property can seem very daunting and nerve wrecking with late rent, noise or maintenance calls at 2 a.m.! Don't worry, we can give you the confidence and tools to manage your property onsite the right and efficient way.
Here we discuss socio economic disparities such as; redlining and gentrification and how these have affected the black community, wealth disparities and property ownership.
You made it! Your now ready to sign those papers to close on your first property and it's all done. Or is it? Not quite as there's a few items to cross off your to-do list. This stage is very crucial and we'll tell you why.
Here we'll recap Part 1 and go further into inspections, counteroffers and the Appraisal phase.
Making an offer is one of the most important decisions you can make, but making the wrong one can cost you the deal and $$$. When making your first offer you'll know how to research and make the right move so you can get that property under contract.
Going under contract to purchase your first property can make anyone nervous. After numerous times we still do! But we'll give you some tips on what 'Contingencies' to include in your contract so your covered and have a better understanding going forward. So tune in to S.L.O.E Wealth
When looking for a property you want to make sure your analyzing correctly so when you find that right one, the financing will fall into place. Let us show you some tips on how to run numbers on a property and get financing in a way you didn't think of.
All agents are not created equal! When starting on your real estate journey, developing a team will make or break you. Your real estate agent is one of the first on your team and picking the right one is crucial to your investing career. We'll give some tips on picking the right one and how to gain wealth the S.L.O.E way!
In this episode we'll discuss Pre-Approvals from lenders, finding a lender, FHA & Conventional loans and the differences, Debt-to-Income Ratios and the most important topic CREDIT DUE DILIGENCE. So sit back, relax and let us show you how to get the bag the S.L.O.E way!
In this episode we'll discuss who we are and how we started investing in real estate without private investors, trust funds or rich parents. You'll learn how we've gone from 0 to 19 units in 4 years and how real estate can change lives.