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Today, I sit down with Yamundow Camara, an Atlanta-based real estate investor who came to the U.S. in 2016. She completed her first two out-of-state deals in 2020 and today, Yamundow has 28 doors, including an 8-unit which she rents out to travel nurses.
Hailing from the Gambia, Yamundow is the first member of her family to successfully move to America. She used her scholarship to study computer science in university, but her entrepreneurial spirit quickly drew her to the world of real estate.
In this episode, Yamundow shares how she was able to overcome the many unexpected challenges that came her way during her very first deal, the advantages of owning Section 8 properties, and how she was able to scale her business so quickly in just two years.
Highlights
1) When negotiating that first deal, it’s natural to lack confidence and to defer to your property manager. Remember that you have a voice: It literally pays to ask questions and study your contract closely to ensure the numbers add up.
2) Aside from her thorough and methodical approach to real estate, one of Yamundow’s biggest keys to success is her focus on networking. She surrounds herself not just with other investors, but with landlords and contractors with whom she sees potential partnerships.
3) While it’s always nice to earn from someone else’s property via rental arbitrage, note that your landlord can change the rules overnight. By owning your own property, you have a more reliable long-term, potentially appreciating asset while effectively tripling your cashflow.
How to find her
Instagram - @buildingwealthfromrentals
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