Do you need to be rich to buy a rental property? Arguably, no. In reality, you don’t need a lot of experience, know-how, or cash on hand to buy your first income property. But, you need to at least be resourceful, take advantage of your opportunities, and have the tenacity to follow through on your goals. If you have all those qualities, you may be a great real estate investor, or maybe you’re today’s guest, Erika Brown.
Erika wasn’t raised by real estate investors. No, this was a skill she had to learn completely on her own. In fact, she learned the real estate sales skill without even knowing it! When Erika moved to a new neighborhood in the Atlanta, Georgia area, she was consistently convincing friends to buy properties around her home. She passed these leads along to a local real estate agent until she realized she was casually handing over six figures in commissions.
So, she went ahead and got her real estate license, and later turned a pocket listing into her first real estate investment. From there, she saw a profitable path laid out, all she needed was the partners, lending, and work to actualize it. Now, Erika is sitting on a sizable real estate portfolio, building purposeful and profitable businesses so she can employ members of her community and lead the wealth generation movement in her circle!
David:
This is the BiggerPockets Podcast show 572.
Erika:
I didn’t want society to write my sentence one way easily thinking, “This young woman is pregnant before she gets married,” and all these kind of scenarios. You can instantly just think, “Okay, this is what her life is going to turn out.” But I am just in a situation. I don’t want society to write my story. And I want to encourage other people that they can write their own story too, even if they don’t have a perfect past.
David:
What’s going on, everyone. It is David Greene, your host of the BiggerPockets Podcast, the show where we arm you with the information that you need to start…