From the Projects to Ferrari-Driving 8-Figure Investor! Welby Accely
The BetterLife Podcast: Wealth | Real Estate Investing | Life
Brandon Turner and Cam Cathcart
4.8 • 767 Ratings
🗓️ 2 July 2024
⏱️ 88 minutes
🧾️ Download transcript
Summary
Welby Accely may be a real estate investor with an enviable rental property portfolio and a flashy car... But his journey to wealth wasn’t a cake walk. Not by a long shot.
In fact, Welby started life in government housing in Brooklyn… and found himself financially “wiped out” three times before experiencing the epiphany that made him a fortune flipping and holding real estate.
Today, you’ll hear it all. It’s a story about taking extreme ownership, refusing to quit, and earning the right to demand respect as “the most important person in any deal”: the buyer.
Welby also talks about:
- Growing up in the Canarsie projects and dreaming of being rich someday
- His brother’s incarceration and death, and how he turned them into motivation
- The investing lesson that didn’t sink in until he’d gone broke for a third time
- Commanding a room and demanding respect from tenants and vendors
- Why landlords are “superheroes”, not villains
- Why he says the BRRRR strategy is “extremely dangerous”
- How to BRRRR without getting burned
- Funneling flip profits into rentals
- Sharing his losses on social media
- Why he warns against long-distance investing
Books Mentioned:
- Rich Dad Poor Dad by Robert Kiyosaki
- The ONE Thing by Gary Keller and Jay Papasan
Connect with Welby:
Website: https://www.atmybest197.com/
Instagram: https://www.instagram.com/atmybest197
TikTok: https://www.tiktok.com/@atmybest197
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/
💻 OpenDoor Capital, Brandon’s Real Estate Investing Company: https://odcfund.com/
📸 OpenDoor 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/
Welby’s charitable cause (100% of ad revenue goes here):
- The Brooklyn Bank, the nonprofit he founded to foster financial literacy in urban communities
Show Sponsor:
- Open Door Capital - Providing affordable housing for residents while maximizing returns for investors
BetterLife Tribe:
- Interested in building wealth without losing your soul? Join the BetterLife Tribe here: https://join.abetterlife.com/tribe
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Here's the thing I tell everybody, the most important person in the equation of investing in real estate is you. |
| 0:08.0 | So those people are going to ask, who are you talking about, right? |
| 0:11.0 | Wellie. |
| 0:12.0 | I'm talking about the qualified buyer and or the investor. |
| 0:16.0 | We are the most important person in the entire equation. |
| 0:21.6 | Yeah. |
| 0:22.6 | So you better respect me. |
| 0:26.6 | Welcome to the Better Life Podcast, where we talk about real estate investing, building wealth, |
| 0:30.6 | and all in all living a better life. |
| 0:31.6 | My name is Brandon Turner and I have spent my life investing in real estate to achieve |
| 0:36.6 | financial freedom. |
| 0:38.1 | And alongside my co-host, Mr. Cam Cathcart, we want to help you do the same. |
| 0:43.4 | On this show, you're going to hear from world-class guests who have been handpicked to help |
| 0:48.8 | you level up your investing, your leadership, your goals, your habits, and more to become the very best |
| 0:56.6 | version of yourself. So, join us as we explore the habits, the actions, the beliefs that it |
| 1:02.9 | takes to build wealth through real estate investing without losing your soul. We set on sides Oh, your better life. |
| 1:12.5 | This is the Better Life podcast with Brandon Turner. |
| 1:26.3 | And Cam Cathcart. |
| 1:28.4 | I have no idea why I said it that way. |
| 1:30.5 | What's up, Cam? |
| 1:31.3 | What's up, man? |
| 1:31.8 | How you doing? |
... |
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