Business
This episode with Eugene Marshall was powerful! When Eugen was in college, he was inspired by his peers and books he read to invest in real estate. When he purchased his first property, he used the FHA 203K loan. Everything that could go wrong went wrong. He ended up losing over 50,000 on this deal, but he didn't quit!During this first investment, he learned about the construction side of real estate. After completing the rehab on his first deal, he began coaching people on credit and real estate. The students he became credit coaches for became his partners and helped him to grow rapidly. Eugene has grown his portfolio to over 30 doors and he has been able to scale quickly because of partnership. In this episode we discuss, not giving up, partnerships, tips for investors, the Chicago real estate scene and more. How to find himIG- @__mrmarshallBuy his Renovation Game course here- https://therenovationgame.thinkific.com/courses/your-first-course?ref=7f87f6Highlights1) Even if you are a new investor, don't ignore red flags with contractors. It's okay to move on to another contractor.2) Consider partnerships to grow your portfolio faster. Make sure you have the right partners and make sure you are protected in your contracts. 3) Consider becoming a general contractor or at least that you're educated about the rehab side. This knowledge is crucial to being successful in real estate. Access all of our resources on our website- https://www.blackrealestatedialogue.com/Join the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-opt-in