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Black Wealth Renaissance

S4 Ep167: Land Flipping - $1000 Vacant Lots (Guest: Porsha Edmun)

Black Wealth Renaissance

REVOLT

Business

4.81.1K Ratings

🗓️ 29 June 2022

⏱️ 39 minutes

🧾️ Download transcript

Summary

Tap into the newest episode of the Black Wealth Renaissance Podcast. We have a special guest Porsha Edmun a Dallas-based real estate Investor who specializes in vacant lots and land deals. Porsha will break down how to find vacant lots, how to find heirs to properties, and what red flags to look for while doing land deals. In the episode, Porsha also speaks about the concept of Land Entitlement deals (the process of taking a vacant lot and packaging approved development plans and selling them at 10 X multiples). If you are looking for a lower entry level into real estate this is the perfect episode for you! If you're interested in advertising on the Black Wealth Renaissance podcast, please email podcast@blackwealthrenaissance for further inquiries. Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️ Check out Aspira Pura here and use code BWR10 for a discount 📧 For Business Inquiries: [email protected] Show Your Support To The BWR Podcast: ★Subscribe on YoutubeBlack Wealth Renaissance - YouTube ✿ STAY CONNECTED: ♥ BWR's Instagram ♥ BWR's Twitter ♥ BWR's Website Keep Up With Porsha Twitter - @Theporshaedmun Instagram - @Theporshaedmun Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

My brother-in-law died suddenly, and now my sister and her kids have to sell their home.

0:05.1

That's why I told my husband we could not put off getting life insurance any longer.

0:10.1

An agent offered us a 10-year, $500,000 policy for nearly $50 a month.

0:16.0

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0:17.8

Select Quote found us identical coverage for only $19 a month, a savings of $369 a year.

0:25.3

Whether you need a $500,000 policy or a $5 million policy, Select Quote could save you more than 50% on term life insurance.

0:34.1

For your free quote, go to selectquote.com, selectquote.com, that's selectquote.com, selectquote.

0:41.6

We shop, you save, full details on example policies at selectquote.com slash commercials.

0:48.6

There's no purpose in teaching anybody who don't really want to learn, who really don't want to get to it.

0:57.6

Everybody want to play archipelago. They don't want the sacrifice to come with this shit.

1:02.6

Train, night, there we go.

1:04.6

You're going to lose friends, lose girlfriends, family going to call you crazy, not going to believe in you, then you make it,

1:09.6

and then everybody going to be like, I'm proud of you, let me get some money for some money.

1:12.6

What I've realized that wealthy people understand, and people in general, it's the small concepts that you can apply to get wealthy.

1:21.6

You don't got to be super smart, you got to know all the intricacies of real estate or taxes or e-commerce or whatever trucking, whatever it is.

1:29.6

It's good if you want to be rich in that business, but you don't need to know that.

1:32.6

You don't need to know everything, you just need to know small, basic concepts.

1:37.6

And one of the smallest basic concepts that anybody can understand is get money by income.

1:44.6

Get money by my money.

2:08.6

What's good, my wealthy people, you boy, David Bellard, one-fourth of the Blackwell Friends songs.

2:17.6

Crew checking in on my brother here, Jaylen Clark, Jaylen. How you living, man?

2:20.6

Man, I'm doing great, bro. It's been a great Saturday. I've been just getting some good stuff done, man.

...

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