748: Sidney Torres, Star of The Deed on CNBC

So Money with Farnoosh Torabi

Farnoosh Torabi

Entrepreneurship, Business

4.7 • 2K Ratings

🗓️ 27 June 2018

⏱️ 33 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is flipping real estate still a thing? Today, I’m interviewing Sidney Torres. You might know him as the star of CNBC’s show The Deed. Sidney is a self-described serial entrepreneur, a real estate expert, house flipper, and investor.

In the last 15 years, he has developed over $250 million in commercial and residential real estate. He got his start in his home city of New Orleans, where he made his first investment with a $40,000 loan from his grandmother and has grown his real estate empire ever since.

On the hit TV show The Deed, now in season 2, Sidney helps rescue other house flippers from financial ruin and continues to improve the beautiful city of New Orleans. We’ll talk about the time he asked his grandmother for that $40,000 loan, advice for first-time home buyers, the key to flipping a home successfully...and the new app that Sidney’s created to help reduce crime in Lousiana.

You can watch the new season of The Deed on CNBC Wednesdays at 10pm and follow Sidney on Twitter @SidneyDTorresIV.

Learn more about Farnoosh's upcoming literary workshop Book to Brand. Early bird registration is now open!

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Transcript

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0:00.0	So Money episode 748, Sydney Torres, star of the
0:04.8	the see nbicy show The Deed.
0:07.2	You're listening to So Money,
0:09.8	with award-winning money guru Farno Shorabi. Each day get a 30-minute dose of
0:14.7	financial inspiration from the world's top business minds, authors, influencers,
0:19.2	and from Farnuus yourself. Looking for ways to save on gas or double your double
0:25.0	coupons? Sorry, you're in the wrong place. Seeking profound ways to live a
0:29.5	richer, happier life. Welcome to So Money.
0:35.0	Is flipping real estate still a thing?
0:38.0	Welcome to So Money, everyone.
0:39.7	I'm your host, Farnouche Terabi.
0:41.4	Our guest today is Sydney Torres, and you may know him as the star of
0:45.2	C NBC's Hot Show The Deed. Sydney is a self-described serial entrepreneur, a real estate expert, house flipper, and investor.
0:55.6	And over the last 15 years, he's developed over 250 million dollars in commercial and
1:01.5	residential real estate. He is in his early 40s people getting a
1:06.0	head start on his empire. He got his start in his home city of New Orleans where
1:11.2	he made his first investment with just a $40,000 loan from his
1:15.6	grandmother on the hit TV show The Deed now in season two.
1:20.1	Sydney helps rescue other house flippers from financial ruin and he continues to
1:25.4	improve the beautiful city of New Orleans. We talk about that time he asked his
1:30.0	grandma for that $40,000 loan, what did she say?
1:34.0	Advice for first-time homebuyers.
	...

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