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BiggerPockets Real Estate Podcast

761: From Sleeping on the Floor to Making $80K/Month (in 2 Years!)

BiggerPockets Real Estate Podcast

BiggerPockets

Education, Business, Investing

4.816.5K Ratings

🗓️ 4 May 2023

⏱️ 61 minutes

🧾️ Download transcript

Summary

How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate. Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US. From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success. In This Episode We Cover: How Yamundow went from complete poverty to making $80,000 in cash flow a month Putting education first and the true value of hard work and perseverance Investing with NO credit score and VERY little money and how to find banks that will lend to you Working two jobs and why increasing your income is ESSENTIAL to building wealth Out-of-state real estate investing and what to do when your local market is too expensive How to find (and keep) quality contractors, property managers, and other team members Using the BiggerPockets Rental Property Calculators to make sure a deal is worth doing And So Much More! Links from the Show Find an Agent Find a Lender BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch BPCON2023 Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Work with David Rob's BiggerPockets Profile Rob's Instagram Rob's TikTok Rob's Twitter Rob's YouTube BiggerPockets Rental Property Calculator 3 Ways to Invest in Real Estate With Little to No Credit From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes Books Mentioned in the Show: BRRRR by David Greene Long-Distance Real Estate Investing by David Greene SCALE by David Greene Connect with Yamundow: Yamundow's BiggerPockets Profile Yamundow's Instagram Click here to listen to the full episode: https://www.biggerpockets.com/blog/real-estate-761 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Email [email protected]. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is the Bigger Pockets Podcast. Show 7-61.

0:06.0

You have about 34 doors now, 34 I think is what you said.

0:10.0

When you were a kid sleeping on the floor, all you wanted was a bed of your own in a house.

0:16.0

Yes.

0:17.0

How does it feel to achieve what you've achieved?

0:19.0

It's unreal. Like it's sometimes like this is mean.

0:22.0

It's going on everyone. This is David Green.

0:24.0

Your host of the Bigger Pockets Real Estate Podcast joined today by that echo you hear in the background.

0:29.0

Rob Abbasolo with an episode that frankly I don't have words for.

0:34.0

If you don't like to cry, you might want to just turn this one off right now.

0:37.0

Because even the toughest person out there is probably going to shed a little tear and be incredibly inspired.

0:43.0

Yeah. The story of perseverance that, yeah, I think hit home for me and will hit home for everybody at home.

0:50.0

What do you think?

0:51.0

Today's guest, Yamu Kamara, is like the poster child for Bigger Pockets success.

0:55.0

I mean, she built in three years of portfolio that you will be shocked by.

0:59.0

And she just used the basic techniques we talk about before we get to this interview with Yamu,

1:04.0

which I know you're all going to love.

1:06.0

And I'm going to ask you ahead of time to please share this podcast with other people.

1:10.0

Even if they're not super into real estate, they will be after listening to this.

1:13.0

I'm going to throw it to Rob for today's quick tip.

1:16.0

Hmm. Ooh, yeah, a little curveball here.

1:19.0

They were lucky for you and for everyone at home.

...

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