Nicole Purvy Classified

In this week's game-changing episode, I sit down for a Q&A with Ugo Opara. Ugo is a Philly-based real estate agent who uses an exciting strategy to help first-time homeowners increase their purchasing power with low interest and zero down payment mortgages. He has learned a lot through his experiences and investment failures and now uses his expertise to walk homebuyers through the character-based lending program NACA. We talk all about Ugo's slow start with investment properties, what he's learned along the way, and the ins and outs of the NACA program. Tune in to this truly entertaining Q&A with Ugo!

In This Episode:

• [3:10] How Ugo got started with investment properties
• [6:34] The worst project Ugo has ever had and the realization of the power of contracts
• [11:49] Using education, networking, and a mental shift to turn things around slowly
• [13:50] How Ugo was turned away from single-family projects and what he started doing instead
• [19:55] Ugo's tricks and tips to finding mislabeled multi-family properties to convert
• [25:20] Ugo's experience with the NACA mortgage program and breaking down the ins and outs of the program
• [39:32] How to become a NACA realtor and how Ugo benefited from going through the program as a client first
• [42:15] The importance of maintaining your NACA property as a primary residence and what happens if you need to move
• [45:45] What you need to consider before transferring property to an LLC before using NACA
• [48:39] Why maximizing function over money is more important to Ugo
• [50:33] Why all landlords need to step it up in common areas with surveillance and security systems
• [53:44] How to go through NACA while having multiple investment properties

Takeaways:

• It doesn't matter how hard you work. You have to be smart. You can be a good person with good intentions and never reach success because there are specific rules you have to play by.
• If you want to use NACA, start the process early. Ask yourself if you're willing to stick it out with NACA to benefit from it in the end.
• When it comes to NACA, it's not about how much you make. It's about how you manage your money. Most people taking advantage of NACA don't actually need it.
• If you're willing to take the time with NACA, it can help anyone anywhere in the USA to build the real estate portfolio of your dreams.

Links:

Ugo's Instagram

https://hy.page/phillyrealestateking

https://www.linkedin.com/in/ugotheagent/

https://www.zillow.com/profile/UgoTheAgent

Guest Bio:

Ugochukwu was born in Nigeria and is the oldest of 4 siblings. He grew up in Yeadon, Pennsylvania (Y-Town). He graduated Bachelor of Science in Finance from Temple University.

He started in real estate as a realtor in 2013, then in 2017 he started investing. Ugochukwu built a portfolio that allowed him to do real estate full time. He has been a top producing realtor for 3 years and counting with over 6+ Million in annual production. He is also a buy and hold investor with a focus on small Multi-family on mixed-use.

Apart from that Ugo loves real estate and is still growing and building the portfolio.

Connect with Better Than Success

Learn more about Better Than Success Real Estate League at

Betterthansuccess.com/btsrel

Sign up to attend our Real Estate Q&A live at betterthansuccess.com/events

Get Access to our FREE Real Estate Beginners Class at

betterthansuccess.com/freecourse

www.betterthansuccess.com/realestatejournal - Need help better understanding your real estate area? Download my FREE Real Estate Journal

In this week's episode, join us for a Q&A with Jamisa McIvor. Jamisa is a CEO at Rosebud's Investments LLC. She has become one of the most powerful self-starting female millennial entrepreneurs that have taken the real estate industry by storm. Jamisa has created a welfare-to-work program under her company's umbrella that serves both single and married mothers by providing them with the tools and resources to understand that there is another way to provide for families and relieve them of their dependency on the system. We talk about her experience and investment strategies while answering your most pressing questions on how to scale your own property investments. Sit back, relax, and listen here for this informative Q&A with Jamisa!

In This Episode:

• [ 04:41 ] Introduction to Jamisa McIvor.
• [ 09:59 ] The strategy Jamise behind taking a property and not having a mortgage.
• [ 13:21 ] How Jamisa started with infinite banking.
• [ 19:02 ] How to use whole life dividend paying policies to borrow against yourself as a banking system.
• [ 27:55 ] Jamisa's strategy on flipping properties.
• [ 40:17 ] Don't let competing on social media distract you from your goals and the vision for your life and business.
• [ 47:32 ] When it comes to using a whole life dividend paying policy, make sure that whatever you put in, you can afford to keep up, because this is something that you would have to pay into annually for years to come.
• [ 51:12 ] What is infinite banking?
• [ 01:12:29] What is generational wealth?
• [01:16:45] Do you need to submit an extensive health review or physical to apply for a policy?
• [1:22:36] What are Jamisa's three most impactful books shes read on her journey thus far.
• [1:31:03] How Jamisa balances entrepreneurship and motherhood.

Takeaways:

• You don't have to depend on and compete on social media for your business. Keep sight of your goals and values while looking into generating other income sources as well.
• How Infinite Banking or being your own bank work's is when you buy whole life insurance, you have the premium amount and the cash value. As you're buying whole life insurance over time, it's a little bit in the beginning and as you get closer to the maturity date it's accruing cash value up into the face value of the policy. The important part to know is that you can always borrow the cash value of your policy. With policies, you can borrow money from yourself and earn from it.
• Have knowledge about your daily operations. Having that knowledge is where you can learn and get creative. People can take away your money and resources but they can't take away your knowledge.
• Not all whole life policies are created equal. If you're going to use strategies, you have to buy policies that accumulate cash value early on.

Links:

Jamisa's LinkedIn

Jamisa's coaching website

Jamisa's company website

Guest Bio:

Jamisa McIvor has become one of the most powerful and self-starting female millennial entrepreneurs that have taken the real estate industry by storm.

Her journey started from a novice property owner to a deed holder of 25 mortgage-free properties purchased through her company, affectionately named after her grandmother, Rosebuds. She got started in real estate when she purchased her first home from her grandmother. Fueled with courage, willingness, determination, and confidence, Jamisa begins mastering the craft of real estate, that initial investment catapult pulls Jamisa into becoming a skilled and innovative investor that serves as a stellar example to those desiring, to become new investors and entrepreneurs and innovative spirit.

Jamisa has created a simple strategic investment plan that alll people of all ages and all walks of life can implement. A wife, a mother to four young children, and a servant leader at heart, Jamisa teaches women how to balance motherhood and wealth at the same time.

Connect with Better Than Success

Learn more about Better Than Success Real Estate League at

Betterthansuccess.com/btsrel

Construction Management Class is coming up! Go to betterthansuccess.com/cm to learn more.

Sign up to attend our Real Estate Q&A live at betterthansuccess.com/events

Get Access to our FREE Real Estate Beginners Class at

betterthansuccess.com/freecourse

Need help better understanding your real estate area? Download my FREE Real Estate Journal - www.betterthansuccess.com/realestatejournal

In this week's episode, we are joined by Dr. Chloe Carmichael. Chloe Carmichael Ph.D. is a licensed clinical psychologist and author of Nervous Energy: Harness the Power of Your Anxiety. Today she is going to share with us four out of the nine anxiety tools she detailed in her new book to help successful people harness nervous energy. This Includes creating mental shortlists, emotion-based to-do lists, scripting anchoring statements, and scheduling worry time. Even before the pandemic started, many real estate agents were struggling with major stress. Thinking about a property they've had their eyes on, being in the process of a property rehab, and taking care of their family all at the same time! Dr. Chloe will show us simple ways to adjust and thrive through inevitable life changes, especially during these uncertain times and answer your questions to help you cope with stress or anxiety. So sit back, relax, and listen here for this mini therapy-session-like Q&A with Dr. Chloe!

In This Episode:

• [ 03:36 ] Our guest, Dr. Chloe Carmichael's introduction.
• [ 08:06 ] Create mental short lists of five good, productive thoughts for when we are stuck obsessing and overthinking a thought that is no longer productive.
• [ 13:36 ] Are you doing everything on your to-do list, but you're feeling no connection to doing it? Or are you starting to procrastinate on your to-do list? Chloe recommends creating an emotion-based to do list to understand the different emotions you feel around a certain task.
• [ 20:44 ] Trina, from the audience, volunteered to share the item in her to-do list that's keeping her stuck around a VA who's working for her in her business.
• [ 22:32 ] Dr. Chloe gives Trina recommendations for her problem.
• [ 29:16 ] Nicole's input on Trina's situation
• [ 37:06 ] Scripting anchoring statements. Creating a statement that is so simple and straightforward that in times of panic or anxiousness, you are able to pull yourself back into rational thinking.
• [ 42:46 ] Thought replacements Dr. Chloe feels can help people in a variety of situations.
• [ 45:08 ] Making time in your schedule to worry instead of allowing those worrying thoughts to plague you constantly throughout the day.
• [ 56:46 ] How can you press through stress brought on by lack of confidence?
• [ 1:01:05 ] How much time should someone spend self-actualizing?
• [ 1:02:11 ] Can self care action, which is designed to help you cope, actually become a crutch or addictive?

Takeaways:

• Write down a mental shortlist of good things to think about to shift your mind from what you're currently fixated on that is giving you anxiety.
• Review your to-do list and identify the emotion that comes up when you're thinking about that certain to-do list item you have been procrastinating.
• Writing anchoring statements; creating a simple statement that we know is going to reactivate our ability to rationalize our thoughts.
• The zone of control is a technique where you can keep your focus on the thoughts that are in your control.
• Studies have shown that affirmations can make us feel less secure when we're in a situation where we don't feel confident if the affirmation is too over the top.

Links:

https://www.drchloe.com/emotions/ - Dr. Chloe's Emotional Vocabulary Simulator

http://nervousenergybook.com/ - Dr. Chloe's Book, Nervous Energy: Harness the Power of Your Anxiety

http://usphjobs.com/ - Dr. Chloe's Source for VAs

https://www.instagram.com/drchloe_/ - Instagram

Guest Bio:

Graduated Summa Cum Laude, Phi Beta Kappa from Columbia University. Dr. Chloe Carmichael holds a doctorate in Clinical Psychology from Long Island University. Her private practice focuses on stress management, relationship issues, self-esteem, and coaching. She is the author of Nervous Energy: Harness the Power of Your Anxiety (St Martin's Press, 2021); the book was endorsed by Deepak Chopra.

Connect with Better Than Success (Note - this section can be links we always include in the show notes)

Learn more about Better Than Success Real Estate League at

Betterthansuccess.com/btsrel

Sign up to attend our Real Estate Q&A live at betterthansuccess.com/events

Get Access to our FREE Real Estate Beginners Class at

betterthansuccess.com/freecourse

www.betterthansuccess.com/realestatejournal - Need help better understanding your real estate area? Download my FREE Real Estate Journal

In this episode, join us as I sit down with Real Estate Investor Maurice Demosthene for a Q&A to answer your most pressing questions on how to start investing in real estate and how to develop bank relationships to fund your real estate rehab and acquisition. Maurice is a Haitian immigrant who quit his job and pursued real estate investing after proposing to his now-wife. He has been in the industry for 16 years now with a 30 unit portfolio in Southwest Philly and has come to a point where they can buy property whenever they want. We talk about different strategies to start investing in real estate, how he flips properties, ways to look for deals, and how to manage your own team. We also talk about the key things of success while answering your questions. Sit back, relax, and listen here for this informative Q&A with Maurice!

In This Episode:

• [06:13] Our guest, Maurice Demosthene's introduction.
• [09:44] A wedding doesn't have to be lavish. You can use some of the money from it to invest.
• [14:57] Which is better when you start investing in real estate, flipping or purchasing?
• [17:55] Maurice's wholesale business.
• [23:39] The strategy for finding deals in Multiple Listing Service (mls.com).
• [36:28] How to effectively delegate tasks in your business.
• [42:26] What's the cost like for Maurice's largest building deal, the process, getting a lawyer, and how he got approved.
• [50:23] Developing relationships to use a bank that can fund your property rehab in acquisition.
• [51:50] Recommendations on which areas in Philadelphia to start your first project in.

Takeaways:

• Figuring out what is the best way for you to start your real estate investment.
• Strategies to build relationships and find deals that you can close.
• Onboarding the right people in your business and delegating tasks effectively can significantly help you in the long run.
• A flipping strategy can be great for you if you love the process of property rehabilitation.
• Ultimately, discovering what kind of investor you are and who you want to be in the business, will help you figure out where you need to start your real estate project.

Links:

https://www.linkedin.com/in/maurice-demosthene-42a06733/ - Maurice Demosthene's LinkedIn

https://twitter.com/RealEstateRico - Maurice Demosthene's Twitter

http://www.mrdhouses.com/ - Maurice Demosthene's Company Website

Guest Bio:

Maurice Demosthene came from a family of Haitian immigrants and is now a husband and father of two children. He graduated from Temple University and has been a real estate agent at Realty ONE Group Legacy since 2005. He has been invested since 2010 and has a 30 unit portfolio in Southwest Philadelphia.

Maurice's mission is to help buyers and sellers make educated decisions about real estate. As someone who has been in the industry for 16 years, Maurice has extensive experience buying and selling real estate in the City of Philadelphia and its surrounding counties.

Connect with Better Than Success

• Learn more about Better Than Success Real Estate League at www.betterthansuccess.com/btsrel
• Sign up to attend our Real Estate Q&A live at www.betterthansuccess.com/events
• Get access to our FREE Real Estate Beginners Class at www.betterthansuccess.com/freecourse

In this week's episode, join host Nicole Purvy for a Q&A with Malik Carter. Malik Carter is a realtor and real estate investor who has been involved in the real estate industry since 2007. He's here today to answer your burning questions about real estate in Philadelphia. We delve into why now is the right time to be investing in real estate and the issues surrounding why Black people aren't investing in their own communities in Philadelphia. Finally, Malik stresses the importance of always taking the time to invest in yourself and your business. You don't want to miss the valuable information Malik is sharing with us today!

In This Episode:

• [ 14:23 ] Are real estate agents becoming a dying industry?
• [ 24:05 ] The differences between Malik and Nicole's opinions of why they think Black people aren't investing and buying homes in their own neighborhoods in Philadelphia.
• [ 45:16] The attitude Nicole believes you should implement to show up confidently in business.
• [ 52:49 ] What are the best marketing strategies to find wholesale deals in Philadelphia?
• [ 54:21 ] The advice Malik gives for making an offer on a property with existing violations direct to the seller.
• [ 55:31 ] What are the best ways to meet sellers, especially during the pandemic?
• [ 56:12 ] The neighborhoods Malik would recommend in Philadelphia to new investors.
• [ 1:06:06 ] Think big when it comes to real estate and outside the box of what others are doing.
• [ 1:15:38 ] Don't be afraid to invest in yourself and your business.

Takeaways:

• The best marketing strategies to find wholesale dealers in Philadelphia.
• With new technologies being developed to sell your home with the click of a button, the real estate agent business is becoming a dying industry.
• Even though there is a sense of urgency to buy property, mindset and growth takes time. Be kind and fair to yourself when changing your mindset to invest in and buy property.
• Now is the time in history to make money and invest before the automation of jobs becomes more prominent.
• Always take time to invest in yourself and your business.

Links:

www.betterthansuccess.com/freecourse - Get access to the FREE Real Estate Beginners Class.

www.betterthansuccess.com/realestatejournal - Need help better understanding your real estate area? Download my FREE Real Estate Journal, available May 31st.

Guest Bio:

Malik Carter is a Realtor and real estate investor, involved in the real estate industry since 2007. His career started as a mortgage loan officer for a small firm in Glenside, PA. After only a year at the mortgage company, Malik left that company to launch a mortgage company of his own. A few months into this new venture, the economy began to collapse. After eight months of banks closing and years of millions of people losing their homes, the economy started to stabilize.

Malik had to pivot and adjust to survive because the mortgage industry changed. Malik began buying foreclosed properties and renting them out to supplement his income. Malik sold one of the rentals for an excellent profit and decided to also flip properties. So many people were interested in the properties being flipped that Malik started helping other buyers find houses, launching his career as a Realtor. Today Malik flips several houses a year, still maintains a portfolio of rental properties, and helps families buy their dream homes.

Connect with Better Than Success

• • Learn more about Better Than Success Real Estate League at Betterthansuccess.com/btsrel
  • Sign up to attend our Real Estate Q&A live at betterthansuccess.com/events
  • Get Access to our FREE Real Estate Beginners Class at betterthansuccess.com/freecourse

In episode 150 of the Better Than Success podcast, host Nicole Purvy moderates a Real Estate Q&A session with Cory Mundt and Margaret DePippo of Cash Now Philly. The couple has a built a large wholesaling operation that involves a large team and complex systems. Within a few short years they are bringing in over a million in annual revenue through wholesale fees. Learn the tricks to their business and success in this episode.

Download the show notes at betterthansucces.com/150

Join our week real estate Q&A sessions at betterthansuccess.com/events

In episode 149 of the BetterThan Success Podcast Host Nicole Purvy sits down with Real estate Investor Lorenzo Jackson during one of BTS' Weekly Real Estate Q&A Sessions. Join us live every Thursday at 7pm for our live virtual real estate Q&A event. Get access at betterthansuccess.com/events.

Sign up for our free Beginners Real Estate Course at betterthansuccess.com/freecourse

Lorenzo's real estate career started in 2008 when he received his Real Estate Sales License. Lorenzo quickly found his niche in property management, he smoothly worked his way up the corporate ladder holding positions as a leasing consultant, assistant property manager, and property manager. While working full time in his corporate positions he built a multi-million dollar real estate portfolio and decided to run his property management (Jackson Rental Homes) and construction (Jackson Home Remodeling) company full time. He is currently growing his property management

Mr. Jackson has received awards as the top leasing consultant for Berkshire Properties, Outstanding Service for Berkshire Properties, and was recently recognized for his real estate work as "40 under 40" for Philadelphia Real Estate Week.

Mr. Jackson is an advocate in the city of Philadelphia and surrounding counties to teach entrepreneurship within the schools and programs assisting disadvantaged minorities. He regularly attends career days, panels and accepts mentorship programs. Lorenzo is a married, father of two and resides in the Philadelphia area..

In episode 148 of the Better Than Success Podcast, We are debuting a new format for a new podcast that we will be launching, "The Better Than Success Real Estate And Business Ownership News Brief". This is episode 3 of the new podcast. After episode 3, please find the series on its own podcast. We would love to hear your feedback. Dm us at @betterthansucces or @nicolepurvy on IG.

Find each article mentioned in this episode below:

1. Phila - ZONR - Easier Philadelphia Zoning Feasibility Planning Did you know there's a web application that helps developers accurately plan what can be built by-right in the city? https://www.youtube.com/watch?utm_medium=email&_hsmi=110477642&_hsenc=p2ANqtz-9t5LNBN_tRPt97brfA9v4VxAAEGh_wLRIlHzPZmJqdHebHxu2B2S-2mNn0EMhJUO3xXFCQBf2WzfU1DMvKw-8fqF0eRg&utm_content=110477375&utm_source=hs_email&v=PKQv4yq3nIk&feature=youtu.be

2. Five Strategies For Real Estate Professionals Looking To Stand Out In 2021 https://www.forbes.com/sites/forbesrealestatecouncil/2021/02/08/five-strategies-for-real-estate-professionals-looking-to-stand-out-in-2021/?sh=16c23cb86f25

3. Bidding wars are off the charts, as home listings fall to a record low https://www.cnbc.com/2021/02/12/bidding-wars-for-homes-are-off-the-charts-as-listings-fall-to-record-low.html?&qsearchterm=home%20listing

To see our upcoming events, visit betterthansuccess.com/events.

Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/

In episode 147 of the Better Than Success Podcast, We are debuting a new format for a new podcast that we will be launching, "The Better Than Success Real Estate And Business Ownership News Brief". This is episode 2 of the new podcast. After episode 3, please find the series on its own podcast. We would love to hear your feedback. Dm us at @betterthansucces or @nicolepurvy on IG

Find each article mentioned in this episode below...

1. Want to own an apartment building? Buy a distressed hotel for pennies on the dollar https://www.cnbc.com/2021/02/04/want-to-own-an-apartment-building-buy-a-distressed-hotel-cheap.html

2. DC - Record-breaking demand for warehouse and real estate development https://www.logisticsmgmt.com/article/record_breaking_demand_for_warehouse_and_dc_development

3. Investors Betting Big On Single-Family Rentals https://www.bisnow.com/national/news/build-to-rent/rental-housing-investors-betting-big-on-us-suburbs-107655

4. Rental Landlords Lost $7.2B In Q4 From Missed Rent Payments https://www.bisnow.com/national/news/multifamily/residential-landlords-lost-72b-revenue-from-missed-rent-last-quarter-107667

5. Apartment Developers Increasing Unit Sizes For New Projects In Response To Pandemic https://www.bisnow.com/national/news/multifamily/apartment-developers-rethinking-small-units-in-response-to-pandemic-107654

To see our upcoming events, visit betterthansuccess.com/events.

Get up to 100% Financing for your Renovation and Acquisition cost for your next Rehab go to http://btsfunding.com/

In episode 146 of the Better Than Success Podcast, We debut a new format for a new podcast that we will be launching, "The Better Than Success Real Estate And Business Ownership News Brief". We would love to hear your feedback. Dm us at @betterthansucces or @nicolepurvy on IG

Find each article mentioned in this episode below...

1. 10 Most Affordable Cities To Buy A Home https://www.forbes.com/advisor/mortgages/most-affordable-cities-to-buy-a-home/

2. The Philly area is filling up with coffee shops during the pandemic https://www.inquirer.com/food/coffee-shops-espresso-philadelphia-south-jersey-20210203.html

3. Why millions of Americans are now tapping credit unions for loans https://www.cnbc.com/2021/02/04/why-millions-of-americans-are-now-tapping-credit-unions-for-loans.html

4. Those in Real Estate Could Get Vaccine Priority: What That Means https://www.fool.com/millionacres/real-estate-investing/articles/those-in-real-estate-could-get-vaccine-priority-what-that-means/

5. SC - Real estate investment is booming as 'tertiary city' trend sweeps the nation https://upstatebusinessjournal.com/business-news/real-estate-investment-is-booming-as-tertiary-city-trend-sweeps-the-nation/