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Black Wealth Renaissance

S4 Ep186: Real Estate: Relationships Build Revenue (Guest: Derrick Johnson)

Black Wealth Renaissance

REVOLT

Business

4.81.1K Ratings

🗓️ 17 November 2022

⏱️ 76 minutes

🧾️ Download transcript

Summary

In this episode of the Black Wealth Renaissance Podcast, we speak to Real Estate investor and developer Derrick Johnson. Derrick is an out-of-state investor that lives in Texas but buys and develops real estate in Louisiana. Derrick covers how he finds his deals and funds his deals by leveraging his personal credit and lines of credit. We speak about how you can scale up to becoming a real estate developer and find blueprints for new builds. Derrick also gives tips on how you can get started with real estate with as little as $100 by paying back taxes. Sign Up For Justworks today - https://www.justworks.com/partners If you're interested in advertising on the Black Wealth Renaissance podcast, please email [email protected] for further inquiries. Leave Us A 5 Star Rating & Review ⭐️⭐️⭐️⭐️⭐️ If you love the show and want to show us some support donate below. Donate here 📧 For Business Inquiries: [email protected] ★Subscribe on Youtube Black Wealth Renaissance - YouTube Keep Up With Derrick Instagram 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

Then we called Select Quote.

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.

0:47.6

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

0:58.2

Everybody want to play archipelago.

1:00.2

They don't want the sacrifice to come with the shift.

1:03.2

Train, night, there we go.

1:05.2

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

1:09.7

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

1:12.8

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

1:22.2

You don't got to be super smart.

1:23.6

It got to know all the intricacies of real estate or taxes or e-commerce or whatever trucking, whatever it is.

1:29.6

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

1:33.0

You don't need to know everything.

1:34.0

You just need to know small basic concepts.

1:38.0

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

1:46.0

Get money by my money.

...

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