On this episode guest host Rashauna Scott joins me as we interview The Downing Brothers. The Downing Bros are twin brothers who own multiple multi family properties in Chicago and have executed 8 flips.

Hear how their mothers legacy and leadership as an immigrant real estate investor and developer led them to where they are now. Also hear about how they were able to land their show on HGTV!

Key Points From The Show

Used letters to qualify themselves for government programs and refis

All the real estate knowledge you need can be found on google

Lenders don’t get paid if you don’t get funded

You can’t just stay at home and wish for things to happen for you

There is enough real estate out here for everybody

Renovate every property that you own

Buy properties below market value

Don’t be afraid to get in there and renovate everything and build in equity

Insulate yourself from a recession by buying below market value

Real estate is a lifestyle

There is a difference between loaning your family money and investing with your family

Doing business with your family is the hack

Generational wealth is about passing money down not supporting up

Speak to solutions

If we are going to build generational wealth we have to have life insurance policies

Whatever industry you are in you must learn the rules so that you can be an owner

The philosopher Rashauna mentions is Socrates

You want to have an asset that pays for the liabilities in your life

Books mentioned:

Rich Dad Poor Dad

Landlording on Autopilot

Our guests can be found here:

www.thedowningbrothers.com

@thedowningbrothers

twitter: @thedowningbros

Sponsors 

Ericka Williams: @erickasclassyclimb

HoodEstates: @hoodestates

BlackerPockets: @blackerpockets

24/7 Watches: @twenty47watches

Invest With Teri: @imaninvestor

Product Links:

Hood Estates Trucking: bit.ly/2JQQnlZ

Hood Estates Elite Real Estate: bit.ly/2HCXD25

Ericka Real Estate: bit.ly/2HqKiLb

Ericka Williams Youtube: bit.ly/2Co0V6N 

Twenty 47 Watches: twenty47watches.com 

Invest with Teri - www.investor101.org

Todd Capital: www.gumroad.com/toddcapital

Rashauna can be found on all social media platforms: @rashaunascott

Todd Millionaire: @toddmillionaire @toddinvestments