4.8 • 767 Ratings
🗓️ 20 August 2024
⏱️ 103 minutes
🧾️ Download transcript
Scadi Etienne is one of the most INSPIRING real estate investors in the game, earning eye-popping returns while serving as a compassionate landlord to his low-income tenants.
Born in Brooklyn to an immigrant mother, Scadi’s family was evicted 8 times throughout his childhood. Despite those challenges, he excelled in school and joined the military, where he discovered the transformative power of real estate investing.
In this episode, Scadi shares his unique "human first" approach to investing in C- and D-class properties, emphasizing the importance of understanding and connecting with tenants from similar backgrounds. He discusses his strategies for finding deals, building relationships with wholesalers, and navigating the challenges of investing in New York and Baltimore.
Scadi also talks about:
- Why he ate tuna fish EVERY DAY for 6 months after buying a condo (despite having 6-figures saved!)
- The CRAZY appreciation on his Bed-Stuy 3-Family (now worth over $2 million)
- His secret to being INSANELY selective and only doing 30% cash-on-cash deals
- Why compassion is his secret weapon in the dog-eat-dog world of real estate investing
- Why he REFUSES to raise money from others (and how newbies get burned)
Books Mentioned:
- Rich Dad Poor Dad by Robert Kiyosaki
- Cashflow Quadrant by Robert Kiyosaki
- The Bible
Connect with Scadi:
Instagram: https://www.instagram.com/iamscadi/
Connect with Brandon:
📸 Instagram: https://www.instagram.com/beardybrandon
💻 BetterLife Tribe, Brandon’s Real Estate Investing Mastermind: https://abetterlife.com/
📸 BetterLife Tribe’s Instagram: https://www.instagram.com/betterlife/
💻 Open Door Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/
📸 Open Door Capital’s Instagram: https://www.instagram.com/opendoorcapital/
Connect with Cam:
📸 Instagram: https://www.instagram.com/cam.cathcart/
💻 Deal Flow Real Estate, Cam’s Real Estate Investing Mastermind: http://dealflowrealestate.com/
💻 Revel City Homebuyers, Cam’s Real Estate Investing Company: https://revelcityhomebuyers.com/
📸 Revel City Homebuyers’s Instagram: https://www.instagram.com/revelcityhomebuyers/
Scadi’s charitable cause (100% of ad revenue goes here):
- The Brooklyn Bank, A community-based 501c3 nonprofit organization that fosters financial independence among communities of color through teaching financial literacy.
🙏 SHOW SPONSORS
• TurboTenant: Market your rental, screen tenants, and collect rent… all in one place! Use the code BRANDON10 to get 10% off upon sign-up at https://go.abetterlife.com/turbotenant_pod Or check out all of their incredible FREE resources for landlords at https://go.abetterlife.com/toolbox_pod
• BallPoint Marketing: These guys know how to find deals… BallPoint Marketing is the leader (and the company that I use) for all things direct mail marketing! They’ll write the postcards, send them out, build out a CRM, and even field the calls for you! All you have to do is go to https://go.abetterlife.com/bp_pod for a strategy call and a discount!
Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe
Click on a timestamp to play from that location
0:00.0 | The hardest part of being a landlord is evicting a family. |
0:06.0 | That is the hardest part because I've been that kid. |
0:09.0 | I've been that eight-year-old kid that all of my toys are gone because we got evicted and the landlord closed the door and forget my toys, you know? |
0:16.0 | Like my G.I. Joe is at my E-Man's, they're gone and I've never seen them again. |
0:26.0 | So I've been there. So like I'm very hesitant to put another kid through that type of trauma. |
0:29.0 | Yeah. And I haven't taken advantage of them. But I'm up. |
0:37.7 | Welcome to the Better Life podcast where we talk about real estate investing, building wealth, and all in all living a better life. My name is Brandon Turner and I've spent my life investing in real estate to achieve |
0:42.5 | financial freedom. And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same. |
0:49.4 | On this show, you're going to hear from world-class guests who have been handpicked to help you level up your investing, |
0:57.4 | your leadership, your goals, your habits, and more to become the very best version of yourself. |
1:04.6 | So, join us as we explore the habits, the actions, the beliefs that it takes to build wealth |
1:10.1 | through real estate investing without losing your soul. |
1:13.2 | This is the Better Life podcast with Brandon Turner and Cameron Cathcart. |
1:32.5 | What's up, Cam? |
1:33.1 | What's up, man? |
1:33.5 | How you doing? |
1:34.0 | Good. |
1:34.4 | Man, were you there last night when Alex pushed me in the pool? |
1:37.3 | I was not, but I saw it on Instagram. |
1:38.7 | Yeah, okay. |
1:39.2 | Oh, I got it on Instagram. |
1:40.0 | Did you have your phone in your pocket? |
... |
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