Ep 17 - For anyone who has dreams of building their own real estate empire, Jhanel Wilson is a testament that the opportunities to succeed in the industry as a minority and a woman are truly endless. With grit, creativity, and finesse, she started her journey with a lack of capital and, nearly two decades later, has built a portfolio worth over $10 million, comprising 100-plus units. A chemical engineer-turned-investor, Jhanel’s mission is to assist others in removing the fear and complexities around breaking into real estate. By empowering people with the knowledge and resource they need, she hopes to demonstrate how real estate can help individuals to achieve financial freedom and gain greater control over their lives. In this episode, she drops some valuable nuggets of wisdom for those looking to break into the industry. Let’s get started! ________________________________ FREE Discovery call for The Microfamily Investing Accelerator https://calendly.com/noirvest/microfamilymavericks ________________________________
[00:01 - 16:50] Who is Jhanel Wilson?
- Investing in real estate at 22
- Using debt as a capital
- Her strategy: Shifting from credit cards to commercial loans
[16:51 - 27:00] How to Use 100% Financing to Build a Real Estate Empire
- Types of lenders to make your necessary purchase
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- Use the top-tier lenders who have the best rates
- Networking and building relationships are key to success
- The common misconceptions of new homebuyers
- Choose who you listen to
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- Listen to people who are successful in real estate
[27:01 - 37:57] Creating Wealth and Setting up a Protection Plan
- Jhanel talks about her portfolio and what it is comprised of
- How to protect her portfolio
- Making a non-investor a trustee
- Her advice for those just starting out in the industry
- Learn how to spot a property that’s less than what it's worth and know how to get it up and running
[37:58 - 44:05] Closing Segment
- The final 2 questions
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- Jhanel on diversification: Focus on one thing and master it
- Connect with Jhanel!
Key Quotes “This is a common misconception that you can only use business loans or commercial loans on business properties. But no, you're just using these properties as a business… You can get a commercial loan, a business loan on a single-family home because it's generating income. ” - Jhanel Wilson “Some problems are bigger than the next, but they think it's a lot harder than it really is. And maybe once you kind of unlock that, it's not that bad. You kind of start and just go.” - Jhanel Wilson “It's because there is like so many negative people and naysayers that scare you. And you don't realize that you shouldn't listen to them. You don't listen to people who were not successful with it. You shouldn't listen to people who are not investors.” - Jhanel Wilson
Connect with Jhanel Wilson through
jhane@thesavvyrei.com. Visit the
https://linktr.ee/Jhanel.Wilson and follow her on
Instagram and
LinkedIn.
Let’s get connected! You can find Nicole on
LinkedIn,
