Share The Wealth Show

In this Flashback Friday episode, we have Jamilah N. McCluney. She started Black Wealth Financial after learning some very important money lessons the hard way. Being completely clueless as to how credit cards, mortgages, or 401ks worked, she found herself making horrible money moves and financial decisions, which would ultimately impact her financial future in a very real way. The process of dealing with money is very personal to Jamilah and she often sees a similarity and feels a connection with her clients no matter where they are along their financial path.

She earned a Bachelor of Science degree in Psychology from Howard University and believes that her background in behavioral science helps her understand how people think and feel in regards to their personal debt and finances. Jamilah's goal is to eliminate her clients' anxiety around money and to proactively and quickly get them out of debt, and on the path to living their best financial lives. She's been dedicated to this pursuit for nearly a decade and sees herself more as a financial coach and strategist. Her action plans are very hands-on and she's not afraid to speak the hard truths and realities when it comes to you and your money.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?

Take our survey: https://s.surveyplanet.com/c1xu5qdv

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[1:00 - 15:31] Escaping the Racial Wealth Gap and Building an Abundant Life

[15:32 - 29:37] The Power of Life Insurance

[29:38 - 41:34] How to Handle When Your Money Goes Down Quickly in the Stock Market

[41:35 - 48:49] Closing Segment

Key Quotes

“To have the ability to pay cash is a flex.” - Jamilah N. McCluney

“The biggest thing you wanna do is grow first yourself.” - Jamilah N. McCluney

Connect with Jamilah N. McCluneythrough

. Follow her on

Ep 79 - Welcome to another exciting episode of The Share the Wealth Show! Today, we welcome back David Ball as he shares his real estate journey and expertly guide us through the intricacies of the mortgage maze. This episode highlights Dave B's personal setback, transitioning from lender to mortgage broker, and his mission to demystify home-buying complexities. 🏠💡

Don't miss out on this another impactful episode full of insights and valuable lessons! 🎙️

David is a Navy veteran who turned a heartbreaking event into becoming one of the most trusted voices online in homebuyer education. His loan was declined 2 weeks before he and his fiancé were scheduled to close on their home (6 weeks before their wedding).

Although tragic at the time it became a fortuitous fork in the road. He went all in on learning mortgage guidelines, becoming the ultimate home buyer educator so no one would have to experience what he went through. Seven years later David is one of most versed real estate professionals around when it comes to breaking down housing market news and mortgage guidelines. He’s been a licensed loan officer, mortgage underwriter and Realtor helping 100s of people become educated 1st time homebuyers off-line in real life too.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?Take our survey:

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Key Quotes:“If I can get, if I'm getting declined by my own number, I can't imagine how other folks out here are being treated. At that point, I was like, hey, I'm going to be the, like the best lender there is. Like I'm going to read the guidelines. I'm going to learn how to do, I'm going to learn about the economy. I'm going to be like the best person out there. I want to be the person that I wished I would have met as a first time, second time, third time home buyer that can break down and explain this process.” - David Ball

“Why do you want to own a home? Like that's very important. Like you're buying a home just because some folks said, hey, generation of wealth, buy a home. Is that why you buy a home? It's important to establish like what your goals are, not what somebody in the break room said, not what somebody said on the internet was a cool thing to do.” - David Ball

Connect with David!

Socials:

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Let’s get connected! You can find Nicole on

LinkedIn

Think investing in multifamily is flowers and rainbows???

Just remember... flowers grow from the dirt and rainbows come after rain.

The multifamily industry is starting to go through a rough patch in the market cycle, but if you can tough it out and fight through, there is definitely sunshine and growth on the other side.

Check out this episodes to hear how unexpected vacancies are affecting - not only our portfolio - but the market as a whole, what we're doing about it and how you can best position yourself to hedge against this issue.

If you haven't yet subscribed to our parent podcast Share The Wealth Show subscribe to this channel!

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Interested in investing in small multifamily?

Learn more about The Microfamily Mavericks mentorship program here: ⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

In this Flashback Friday episode, we welcome back Ardranae Byer who shares that going private is a better option because you "can take 'em off the platform if you Want." She also discusses the pros and cons of being under the Touro umbrella versus doing it privately. She also shares that the pros of Touro are their protection plans and that they are supposed to screen the people before they're allowed on the platform. The cons of Toro are that they sometimes don't give you all of your money, and that they are more interested in the renter than the owner.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?

Take our survey: https://s.surveyplanet.com/c1xu5qdv

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[1:00 - 05:20] Black Professionals in the Industry

[05:21 - 09:52] Getting into the Car Rental Industry

[09:53 - 18:40] Tips of Being Under Touro

[18:41 - 26:09] Closing Segment

Key Quotes

“When you direct the customer, everything is on you, the insurance. So you have to go and get the proper insurance.” - Ardranae Byer

“It is important that we always stay learning” - Ardranae Byer

Connect with Ardranae Byer through

. Follow her on

Let’s get connected! You can find Nicole on

,

, or

. Visit her website

LEAVE A REVIEW & SHARE THE WEALTH by SHARING this EPISODE with someone who wants to learn the secret strategies of the wealthy and build an abundant life. You can listen to previous episodes of Share the Wealth Show

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Ep 78 - Welcome to another exciting episode of The Share the Wealth Show! Today, we are delighted to have David Ball join us as our guest, where he will share a wealth of knowledge on the real estate market.

In this engaging conversation, Nicole and David delve into various aspects of the real estate landscape, mortgages, and the current economic environment, covering the following key points:

🏘️ Exploring the recent alterations in down payment requirements for multi-family residential properties.

💼 Highlighting the benefits of opting for conventional loans over FHA loans.

💹 Analyzing the impact of inflation on interest rates and its repercussions.

📊 David elucidates the historical backdrop of interest rates and explains why waiting for significantly lower rates may not be a prudent approach.

💰 Stressing the significance of setting specific goals and devising a customized budget that aligns with individual circumstances when contemplating a home purchase in 2024 or 2025.

📈 Discussing diverse predictions regarding future home price trends, with varying forecasts ranging from slight decreases to moderate increases.

Don’t miss out as David provides invaluable insights into the real estate market and the multitude of factors influencing it, empowering potential homebuyers to make well-informed decisions. 💡

David is a Navy veteran who turned a heartbreaking event into becoming one of the most trusted voices online in homebuyer education. His loan was declined 2 weeks before he and his fiancé were scheduled to close on their home (6 weeks before their wedding). Although tragic at the time it became a fortuitous fork in the road.

He went all in on learning mortgage guidelines, becoming the ultimate home buyer educator so no one would have to experience what he went through. Seven years later David is one of most versed real estate professionals around when it comes to breaking down housing market news and mortgage guidelines. He’s been a licensed loan officer, mortgage underwriter and Realtor helping 100s of people become educated 1st time homebuyers off-line in real life too.

________________________________

Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?Take our survey:

________________________________

Key Quotes:“What should you do in the in the in the future when it comes to to buying a home? It really depends on your specific scenario but I don't want you to be afraid of the market because rates are like the fives or sixes and if the numbers still work for you. It's all about establishing your what I could call like your, your why? Like why are you buying a home in the 1st place, like establishing those goals there, establishing a proper budget when it comes to buying home.” - David Ball

“There's markets within the markets and typically whatever, like the the bottom of the market is wherever you're at that market, there's always going to be competition no matter what rates are because home prices are continuously going up, but like wages aren't going up and so home prices are going up. So, there's less and less people that are able to afford what's on the market. So if you you're looking more in the middle to maybe the higher end or whatever the market is your your local area, that's where there's more...

Were you sold on commercial multifamily because you can "control the value"???

YEARS of reading books, attending REIAs, bootcamps, meetups, joining masterminds and hiring mentors and I NEVER heard it was done like this.

5+ units is the hard line for commercial residential multifamily... right? Shouldn't all the rules be the same? Well tune in if you want to hear what I discovered when buying my first commercial property.

It's crucial for you to know how your market does valuations for certain unit count ranges... your profit potential and entire business plan is riding on it!

If you haven't yet subscribed to our parent podcast Share The Wealth Show subscribe to this channel!

________________________________

Interested in investing in small multifamily?

Learn more about The Microfamily Mavericks mentorship program here: ⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Sometimes we have to let things come naturally to us, instead of giving up.

In this Flashback Friday episode, we have with us real estate investor and CEO of Broken Houses LLC & Driven USA LLC Ardranae Byer. At the age of 19, Ardranae and a friend started Aries Entertainment. An entertainment company who managed local hip hop and reggae artist. After graduating college , Ardranae wanted to try something new. In 2008 she started IKONS Media Group, Inc and launched the first national publication for queer women of color. IKONS Magazine sold over 10,000 copies and gained an online viewership of over 500 views per day. The demand of running a successful publication and online community and still working a full time job became overwhelming for Ardranae and she decided to stop the publication at the 5th issue.

Five years after closing the doors of IKONS Magazine, Ardranae stumbled and fell into the real estate business. Ardranae saw how ownership could potentially lead her into an early retirement. Since 2016, she purchased one property a year in an effort to supplement her income. In 2018, Ardranae was introduced to the art of wholesaling real estate. Since then Ardranae went on to close over 12 wholesale deals and profit over $80,000 in assignment fees.

Currently, Ardranae still invest in Real Estate in the Rochester, NY area. She also runs a successful wholesaling company called Broken Houses, LLC based in New Jersey. As if that is not enough, you can also rent cars from Ardranae through her private rental company called, Driven USA, LLC.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?

Take our survey: https://s.surveyplanet.com/c1xu5qdv

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[1:00 - 16:56] Who is Ardranae Byer?

[16:57 - 22:25] Making Money in Real Estate by Wholesaling

[22:26 - 25:26] Investing on Education

[25:27 - 28:04] Wholesales Performance

[25:27 - 30:24] Closing Segment

Key Quotes

“I didn't look for the next thing. I didn't look up ways to make money. I didn't do any of that. I just wanted it to come to me naturally. Just like icons came to me in entertainment.” - Ardranae Byer

“Like they see the money, right?...

Ep 77 - Welcome to another insightful episode of the Share the Wealth Show podcast!, In this episode, we welcome back our special guest Christian Beyer, and we're diving deep into the world of setting up systems and automating investment strategies, particularly in the competitive real estate market.

Here's a sneak peek of what you can expect:

🏡 The importance of identifying key parameters in real estate investment to make quick and informed decisions.

🤝 The value of having a trustworthy broker who can act swiftly to secure good deals.

🌆 Understanding the local market thoroughly to make informed choices.

💼 Building a well-vetted team, including lenders, property management companies, and brokers, to ensure success.

🤝 The role of emotional intelligence and transparent communication in selecting the right team members.

🏦 The significance of community banks in vetting your team and how they can add value to your investment strategy.

🌍 A heartfelt discussion on the importance of diversity, inclusion, and belonging in a larger community.

❤️ The role of personal experiences and values in contributing to the mission of sharing wealth and working together for the betterment of humanity.

Don't miss out on this thought-provoking conversation with Christian Beyer, and join us on a journey to financial success!

Christian Beyer is a husband, father, real estate investor, and full time W2 as a Senior Manager in customer logistics for the world's largest consumer health company. He graduated from Penn State University with degrees in Mechanical Engineering and Supply Chain with roles spanning production, operations, and customer service that have taken him all over the world from Puerto Rico, to London, to India and now back to Phoenixville, PA where he lives with his wife Stephanie and their 2 children. Christian's portfolio consists of 30 units in the state of Pennsylvania, LP investments in Dallas, TX, and is a General Partner on syndicated deals in Louisville, KY and Allentown, PA.

In his limited spare time, Christian enjoys playing golf, going to bible study, and vacationing in the Pocono mountains or the Jersey shore. His passion for education and networking has offered him opportunities to act as the professional development advisor for the Penn State Chapter of Engineers Without Borders, a mentor for the Penn State Mechanical Engineering Mentorship Society, and as a speaker at local real estate meetups.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?

Take our survey: https://s.surveyplanet.com/c1xu5qdv

________________________________

Key Quotes:

“The most important thing for me was identifying what are the key parameters that can be identified really quickly to allow you to make decisions without what I would say overthinking or you know, paralysis by analysis” - Christian Beyer

“Diversification not only helps to avoid the major pitfalls that come along with, you know, the unforeseen, but it also protects you against not being invested in something that goes to the moon. Like, there's there's a protection there that people think of. ” - Christian Beyer

Connect with Christian!

Linkedin https://www.linkedin.com/in/christian-beyer-0325301b/

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Let’s get connected!

You can find Nicole on

LinkedIn https://www.linkedin.com/in/nicole-pendergrass/

Instagram https://www.instagram.com/nvestornikki/?hl=en

Facebook https://www.facebook.com/nvestornikki

In today's market, I've heard one too many horror stories about multifamily operators loosing their Earnest Money Deposits (EMD) for numerous reasons... and these aren't small checks either (think multiple hundreds of thousands!). It's even worse when you lose the money of your passive investors/limited partners in the deal!

So when exactly does your EMD turn from refundable to nonrefundable?

When's the last point you can get your EMD back?

What should you NEVER do (unless you find a serious red flag)!

Listen in for answers to these and tips on how to protect yourself!

If you haven't yet subscribed to our parent podcast Share The Wealth Show subscribe to this channel!

________________________________

Interested in investing in small multifamily?

Learn more about The Microfamily Mavericks mentorship program here: ⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

We all need to think about very carefully to prevent us from comparing ourselves, because then that can make us not grateful for what we actually have accomplished already.

In this Flashback Friday episode, we have Nicole Pendergrass. She is a wife, mom, full time W2 employee and real estate entrepreneur, with current multifamily holdings along the East Coast. She started her investing journey with no money, no credit and no connections but through taking action and pushing through obstacles, she built her credit and savings to finally purchase a 3 family house-hack. Leveraging mentorships, she systematically grew her portfolio and networth by redirecting her equity and retirement account into purchasing more multifamily properties.

Experiencing the power of multifamily led her on a mission to help others experience the same. With two toddlers in tow, she founded her REI company, Noirvest Holdings, with the mission to close the gap by helping minority professionals build wealth passively by investing into 'privileged' multifamily cash-flowing assets. She loves reading, growth and personal development and hosts a free book club which meets weekly to discuss personal and business development oriented-books. In her downtime you can find her watching Teenage Mutant Ninja Turtles, Kids YouTube or playing games with her daughters.

Nicole loves connecting with like-minded individuals and believes we all should have access and opportunity to live with abundance.

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Interested in investing in small multifamily? Learn more about The Microfamily Mavericks mentorship program here:

⁠https://www.microfamilymavericks.com/casestudy⁠

Check out our podcast website!

Thesharethewealthshow.com

Want to leave feedback or suggestions on our show?

Take our survey: https://s.surveyplanet.com/c1xu5qdv

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[00:01 - 04:44] How to Reflect on Your Accomplishments and Be Grateful

[04:45 - 11:25] Why Mindset Matters

[11:06- 18:10] Gratitude fosters success

[18:11- 26:26] Closing Segment

Key Quotes “Your goal is a moving target, it's going to change but in the meantime to enjoy the process and not be frustrated continuously with what you have not yet done.” - Nicole Pendergrass

“Successful...