For most Americans, owning a home is a major factor in the accumulation of wealth. However, research indicates that there exists large gaps in the rate of homeownership between black and White Americans. Specially, more than 70% of white households own their own homes compared to 45-percent of Black Americans. Today, we focus on how to close that gap by interviewing Kendra Barnes, a real estate investor and founder of The Key Resource, a company and community geared toward helping millennials to accumulate wealth through real estate. In this interview, we discuss different types of investments (30:33), how to invest in real estate at any financial level (33:24), myths and misconceptions about investing (37:20), and mistakes that Kendra learned along the way (40:22). We also have a conversation about life as a landlord (43:47) and advice for first time investors (47:14). We close by discussing the importance of real estate investing for wealth building in communities of color (50:03)!
Other Topics Include:
00:30 - Catch up with Ty and Daphne
02:30 - BhD Oh Lawd News
24:17 - Tees for Degrees Thank You!
25:00 - Introduction of the Topic
28:10 - Learn more about Kendra
42:01 - Licensing in Real Estate
45:41 - Section 8 Rental Properties
1:00:23- Ty and Daphne Reflect on the Interview