Yonelle started with desire. She had the desire to begin investing, but then waited because she believed that you needed money to join, to buy the first property. It wasn’t until Yonelle tried out Affordable Real Estate Investments’ Sub30k Coaching system that she learned what was true and what wasn’t when it came to investing.
“I came across Lisa’s videos on YouTube and I kept looking and she sounded so sincere. The passion she showed for what she did told me that she understood me. Lisa wanted to share with as many people as possible so they could accomplish what she did when her situation was not ideal.”
To achieve the results that she wanted, Yonelle began to put into play the lessons she’d learned from the AffordableREI Sub30k Coaching:
- Assessing personal finances and funding sources
- Selecting a community
- Rescuing Houses and Neighborhoods that others have given up on
- Searching for outside markets
- Renovations for success
- Strong investment strategies
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Assessing Personal Finances
First, she assessed her financial situation. Yonelle believed that she needed $2,000 – $3,000 a month to replace her income, and at least $100,000 just to get started. She knew that, as a single parent and with a high mortgage, that this would be impossible. Then Lisa informed her that with enough passion, you can do this at a lower cost.
She knew that with what Lisa taught her, that some houses can be prospects for working class tenants, and how to find these communities. That it helps to Figure out how much you can receive from what’s going on in the community. She was able to take that knowledge, and look for the next property, like a four bedroom, one and a half baths for just $35,000. She never thought that it was possible to buy a house that she found, much less in nice communities and cities where there are small schools. Where people actually live, within close proximity to each other.
“It’s not like you’re living ten miles from each other and it’s a house sitting there, and it’s just someone trying to get rid of it for $35,000 it’s like really work impacts community. Where you can actually feel comfortable to go into to find a nice home and should give you some great family to live in. Now I always tell people you don’t just buy a home That’s cheap right you still have to be thoughtful so tell me where you were when you first heard Oh, they’re cheap houses to where you actually ended up. Was that a bit of a journey going here? You can’t just buy anything right? I think we have a responsibility, but we also have a responsibility to do it right for ourselves.”
Yonelle’s skills are growing to the point where she can walk into a prospect and see how big of a job it will be, whether she can or can’t do it, and whether it’s going to be in line with her budget. There’s an energy when it feels right. She believes that women especially have an intuition when it comes to finding the right home for someone, and that it’s important to do so. She understands how people can change the landscape of this country if enough people try. She wants to build communities and make life comfortable for her daughters.
Selecting a Community
Lisa has taught her to give back to the community in a way that not only aligns with her pocketbook, but helps to support families. Yonelle was looking for a way out of the 9-5 job. That talented people can be so much more, because corporate America is not who she is.
“That’s not really for us. No, you’re fighting your way through every step, climbing over every obstacle. Like, I’m a senior senator for a big room here in New York and there’s always someone coming to me for help. Because they don’t think you have the education to do something worthwhile, even if you have the knowledge to do it. I’m in southern, Virginia. Underestimation City! They all think that just because I’m black that I have no value.”
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Saving Houses and Neighborhoods
Yonelle bought a property from people that had overhead closure and couldn’t afford the property anymore. They hadn’t fixed anything on the property for 20-plus years, and the house was left in a sad state. No water was running in that house, except for the water in the basement. The heat had malfunctioned for at least four years. Still, Yonelle discovered that the home had a nice layout: four bedrooms, a big bathroom. She knew she could bring this home back to life.
She spent two days cleaning, until the property looked brand-new again. She added tile to the bathroom, and other fixes. Her goal was to sell this house in 5-10 years five years. She was confident that someone would want to buy it, because it had a big kitchen, a nice bathroom, and several utility closets. Yonelle was able to get this property for 35k, all because Lisa let her in on the secret to look for these types of houses, and how to compare them with the market, as well as to pay attention to what’s going on around the community. She says that if she didn’t know this secret, she would have continued to have the mindset of I need 100-200k for the market. With her $35,000, she brought a house back to life, and now it’s a beautiful home. And she can continue to maintain the lifestyle she’d created for her daughter.
Searching for Outside Markets
With Lisa’s help, Yonelle was able to find a market, an hour and 45 minutes away. Others told her she was crazy for trying long distance. She reasoned that if a drive results in financial results and satisfaction, then it was worth it:
“Every time I drive to my latest investment, I’m playing my music. I’m excited about the work. I’m gonna get accomplished that thing. I feel so rewarded with what I’ve been able to do and about the prospect of who’s gonna be living there. And with family, you know they’re going to enjoy the hard work that we did for the entire weekend. So every weekend there’s a fun purchase, an acquisition of the property.”
If This Sounds Like It Makes Sense For Your Business, We’d Love To Schedule A Call And Explore What Kind Of Approach And Campaign Would Generate The Best Results For You. Click Here To Get In Touch!
Renovations for Success
Yonelle is ready to renovate the property within a three-month time span. Three months and then she’s done. She was learning that the excitement comes in right after and that she couldn’t wait to get to the next. She had a goal now, and that made all the difference, along with not spending money on things she didn’t need, instead putting that towards the next property. She was beginning to feel smarter than most investors, with her growing confidence.
“I’m doing so much better than you know, like you pay so much less to make more. I’m like I don’t get why they’ve been giving bad investing advice. But it’s like, the rules that you guys are playing by are not MY RULES, right there on the 30-year rule. You know, thirty-years to pay it off, and then you have fifteen hundred dollars a month, right? Like what are you doing, but then you start to figure it out.”
Yonelle watched the community get better and better until families moved in, wanting to be a part of what was going on. She feels that if we incorporate people who care, then we’re incorporating heart AND business. This leads to a warm feeling of nurture for her.
Lisa is working to help over 10,000 black professional women experience this kind of feeling, and like Yonelle, to let them know that they can come along for the ride, and that caring does not mean being a sucker, but a provider for both client and family.
The Best Value For Your Investment Strategies
Deciding on a market is a crucial part of every Sub30k passive investment strategy. If you are listening to traditional, cookie cutter advice – you may never invest in real estate. The advice to stay local (cost prohibitive in certain places), to buy in “A” neighborhoods (again, this can be extremely expensive costing 100s of thousands of dollars), and to not invest for passive income for investment can have you with a very expensive property and high level of responsibility with very little monetary reward until 20 years down the road (if that).
The SUb30k coaching strategy focuses on a market that meets your budget, finding a market the fits your investment strategy, and finding a property that meets your investments goals. In other words, you need a strategy that is tailored to you so you can get started now, and take as little as 8-16 weeks to accomplish.
If This Sounds Like It Makes Sense For Your Business, We’d Love To Schedule A Call And Explore What Kind Of Approach And Campaign Would Generate The Best Results For You. Click Here To Get In Touch!