Business
This episode with Andre Harris was inspiring! His story is a great example of how you can bounce back in real estate even when things don't go as planned. When Andre started to invest, he didn't have much capital to get started. A friend of his told him about the Shelby County Land Bank, where he could get properties for a low price. He found out a family member's home was going to be sold due to delinquent property taxes. He negotiated with the family member to pay the taxes in exchange for signing the home over to him. The family member eventually became his first tenant.After doing a cash out refinance on the first property, Andre purchased 2 more landbank properties and a 4th property with a partner within 18 months. Land Bank deals started drying up due to long distance investors and Andre became discouraged. He took several years off from investing until 2020. He learned about several creative financing strategies that helped him bounce back and purchase 7 doors last year. In this episode we discuss creative financing, land bank properties, networking and more. How to find himFacebookAndre Harris (personal)Mane + Side Huscle Podcast (podcast)Instagram@and1_hb03 (personal)@manesidehuscle (podcast)Podcast Websitehttps://manesidehuscle.com/Highlights1) Educate yourself as much as possible. This will help you to be more sure of your decisions. 2) Don't give up if your first investment strategy doesn't work. There are many ways to invest in real estate and it's important to adjust and keep trying.3) Network as much as possible, tell people you're an investor, build relationships with banks and title companies. This can help you find more deals and funding. Access all of our resources on our website- https://www.blackrealestatedialogue.com/linksJoin the B.R.E.D. Real Estate Investing Community for $1- https://www.outofstatemoney.com/community-opt-inLearn how to invest out of state- https://www.outofstatemoney.com/opt-in