1 hr 5 min
Episode 105 - Learn the rules to the game, with The Downing Brothers from HGTV The Millionaire Talk Show with Todd and Michelle
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- Business
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
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
1 hr 5 min
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