In 2019, at the young age of 27, I made a move that would significantly shape my career in the real estate industry. It was in the vibrant city of Chicago, a place known for its magnificent skyline and architectural wonders, where I took a step that not only defined my journey as an entrepreneur but also highlighted my vision and business acumen.
In the heart of Chicago, I set my sights on a 15-unit building. This wasn’t merely a property purchase; it was a strategic decision that underscored my deep understanding of the market. At an age when many are still finding their footing in their careers, I was confidently sealing deals in one of the most competitive markets.
What made this acquisition stand out was not just my age or the scale of the property, but the strategic insight behind it. The building’s prime location, its historical significance, and its growth potential made this investment a remarkable feat.
My journey is more than a personal success story; it’s an inspiration to others. I’ve become a role model for young entrepreneurs, especially in the real estate sector, proving that with the right mindset, age is no barrier to achieving great success. I was able to partner with a close friend to help create passive income for his family through this acquisition as well.
My path emphasizes the importance of vision, hard work, and the boldness to take decisive steps. Through my experiences, I’ve shown that with the right strategy and determination, one can achieve remarkable success at a young age.
As I look back on that pivotal moment in 2019, when I acquired the 15-unit building in Chicago, I see it as a landmark in my ongoing journey. It’s a story that I hope will continue to inspire and guide those who dare to dream big and tirelessly work towards turning those dreams into reality.
2023 marked a significant milestone in my real estate journey, a year where I expanded my footprint in a neighborhood I am deeply invested in. I had the opportunity to acquire a 3-unit building, strategically located on the same block as several other properties I own. This acquisition was more than just an addition to my portfolio; it was a crucial step in my long-term vision of not just owning properties, but shaping a community.
This 3-unit property, nestled within the same block as my other holdings, offered a unique advantage. It presented an opportunity to create a more cohesive community experience and to streamline the management of my properties. Each unit within the building held its distinct charm, appealing to a diverse range of tenants and contributing to the vibrant community fabric.
Purchasing this building was a strategic move aligned with my vision of ‘buying the block’. This concept goes beyond mere acquisition; it’s about creating a unified and thriving community, where each property complements the other. This approach has not only allowed me to make a more significant impact on the neighborhood but also to optimize the value and potential of each property within my portfolio.
With this new acquisition, my influence in the neighborhood has grown stronger. It’s not just about the number of properties I own, but about the role I play in shaping the community’s future. This 3-unit building is a testament to my commitment to responsible and community-focused real estate development.
My journey in real estate is a testament to the power of strategic, community-focused urban development. As I continue to expand my portfolio, my focus remains on creating spaces that enrich lives and foster a sense of community. The 3-unit building is more than just a structure; it’s a cornerstone in the vibrant and thriving neighborhood I am helping to build.
Looking back at my decision to purchase this building, I am reminded of why I entered the real estate industry. It’s not just about the financial returns, but about making a lasting impact. Each property I acquire brings me closer to my goal of revitalizing neighborhoods and creating spaces where people can live.
I am currently in the exciting process of purchasing another multiunit apartment building to add to my growing portfolio. With 31 units already under my ownership and management, this new opportunity perfectly aligns with my real estate appetite and long-term goals. What makes this deal even more intriguing is the fact that it is an off-market deal, adding an element of exclusivity and potential value.
However, like any significant endeavor, there have been some hiccups along the way. Real estate transactions can be complex and challenging, and this deal is no exception. But despite the obstacles, I am fully committed to bringing this deal home.
One of the key factors that drew me to this particular property is its potential for growth and profitability. Through thorough analysis and careful consideration, I have determined that this investment aligns perfectly with my investment strategy and will contribute significantly to the growth of my portfolio. The location, the condition of the building, and the current rental market all indicate a promising opportunity for long-term success.
Throughout the process, I have been diligent in conducting due diligence, performing thorough inspections, and analyzing the financials of the property. I have also been working closely with my team of professionals, including real estate agents, lawyers, and financial advisors, to ensure that all aspects of the deal are carefully reviewed and negotiated.
While there have been challenges and unexpected hurdles, I remain confident in my ability to navigate through them. I understand that in real estate, perseverance and adaptability are essential qualities. I have been proactive in finding creative solutions and exploring alternative options to address any issues that have arisen. I am determined to overcome any obstacles and bring this deal to a successful close.
The process of acquiring another multiunit apartment building is not just about expanding my portfolio; it is about building long-term wealth, creating opportunities for passive income, and providing quality housing for tenants. I am excited about the potential this new property holds and the positive impact it can have on my overall real estate strategy.
As I continue to work diligently towards finalizing this deal, I remain focused, determined, and committed to bringing it home. I am confident that with my experience, expertise, and unwavering dedication, this acquisition will be a valuable addition to my real estate portfolio and a stepping stone towards achieving my long-term financial goals.
In the year 2021, at the age of 28, I further expanded my real estate portfolio by purchasing a 6-unit building. This strategic acquisition marked another milestone in my journey towards building wealth through real estate. With a commitment to growth and a keen eye for investment opportunities, I continued to capitalize on the potential of the market while solidifying my position as a knowledgeable and ambitious real estate investor.
The year 2021 presented new opportunities and challenges within the real estate market. Despite the uncertainties brought by the global pandemic, the demand for housing remained resilient, particularly in urban areas like Chicago. By keeping a finger on the pulse of market trends and leveraging my experience, I identified a promising investment opportunity in the form of a 6-unit building.
Adding the 6-unit building to my growing real estate portfolio was a strategic move to diversify and enhance its overall value. As an investor, I recognized the importance of acquiring assets across various property types to mitigate risk and optimize returns. This acquisition allowed me to tap into the rental market once again, providing a reliable source of passive income while fostering long-term wealth creation.
With each new investment, my knowledge and experience in real estate continued to expand. The lessons learned from previous ventures enabled me to approach the acquisition process with confidence and expertise. Conducting thorough due diligence, assessing market conditions, and analyzing the financial viability of the property were integral steps in ensuring a successful purchase. Additionally, leveraging my network and industry connections played a crucial role in securing favorable financing terms and navigating any challenges that arose.
The addition of the 6-unit building to my portfolio presented an opportunity to strengthen the foundation of my real estate empire. By implementing effective property management strategies, optimizing rental income, and maintaining strong tenant relationships, I aimed to maximize the property’s potential. Continuously monitoring market trends and adapting to evolving industry dynamics allowed me to stay ahead of the curve and position the property for long-term growth and success.
As I navigate the ever-changing real estate market, I remain dedicated to expanding my portfolio, seizing new opportunities, and achieving long-term financial prosperity through the power of real estate investment.
Graduating from the prestigious University of North Carolina is an accomplishment in itself, but my journey took an unexpected turn as the COVID-19 pandemic forced a shift to virtual learning. In the midst of adapting to this new reality, I faced the additional challenge of balancing a full-time job and running Top Coat Nail Bar alongside my younger sister. This period tested my resilience, time management skills, and ability to navigate the complexities of both academia and entrepreneurship in an unprecedented time.
As the pandemic began to unfold, universities around the world were compelled to transition to virtual learning. This abrupt shift presented a unique set of challenges, requiring adaptability and self-discipline. Navigating online lectures, virtual group projects, and remote exams demanded a new level of motivation and organization. Despite the initial setbacks and the absence of the traditional campus experience, I remained steadfast in my commitment to academic excellence.
In addition to my academic pursuits, I had the responsibility of a full-time job. Balancing the demands of a professional career while completing my studies remotely proved to be a rigorous undertaking. Managing work commitments, deadlines, and meetings alongside virtual classes and assignments required meticulous time management and unwavering dedication. This experience pushed me to expand my capacity for multitasking and taught me valuable lessons in prioritization and perseverance.
Simultaneously, I embraced the role of an entrepreneur as my younger sister and I established and managed Top Coat Nail Bar. This venture demanded our time, energy, and creative vision. From overseeing daily operations to providing exceptional customer service, we immersed ourselves in the world of entrepreneurship. Navigating the challenges of supply chain disruptions, health and safety regulations, and adapting to changing customer needs during a pandemic further tested our resilience and determination.
Navigating the unexpected shift to virtual learning, managing a full-time job, and running Top Coat Nail Bar during a global pandemic was a true test of resilience, determination, and adaptability. These experiences have shaped me into a multifaceted individual, capable of thriving in the face of adversity. As I graduate from the University of North Carolina, I carry with me the invaluable lessons learned during this challenging time, instilling in me the confidence to overcome future obstacles and make a positive impact in both my personal and professional pursuits.
In the bustling city of Charlotte, an extraordinary entrepreneurial venture unfolded as my younger sister and I embarked on the journey of opening Charlotte’s first black-owned nail bar. This groundbreaking endeavor not only showcased our entrepreneurial spirit but also tested our resilience and determination. With the support of close family friends, we invested our time, resources, and passion into creating a space that celebrated diversity and provided exceptional nail care services. As we triumphed in the limelight, going viral and gaining media attention, unforeseen circumstances, such as the COVID-19 pandemic, brought our once-thriving business to a painful halt.
Part 1: Trailblazing in a National Mall Chain
Opening a black-owned nail bar in a national mall chain was a trailblazing endeavor that presented both excitement and challenges. We were determined to create a space that not only catered to the diverse community of Charlotte but also celebrated and promoted the talents of black nail technicians. It was a proud moment to see our vision come to life, breaking barriers and providing representation in an industry that lacked diversity.
Part 2: The Testing Ground of Entrepreneurship
As with any entrepreneurial venture, our journey was filled with tests and trials. We faced numerous obstacles, from securing financing and navigating the complexities of business operations to building a loyal customer base. However, our passion and determination propelled us forward, allowing us to learn from each setback and grow stronger as entrepreneurs. It was a constant reminder that success often requires perseverance and the ability to adapt to ever-changing circumstances.
Part 3: Going Viral and Media Recognition
Our nail bar quickly caught the attention of the local community and beyond. Through strategic marketing efforts and word-of-mouth, we went viral, capturing the hearts of many. Our dedication to providing exceptional service and fostering an inclusive environment resonated with customers, leading to a surge in popularity. The media took notice, and our story was featured on the news over eight times, shining a spotlight on our trailblazing business and inspiring others with our journey.
Part 4: The Unforeseen Blow of COVID-19
Just as our business reached new heights and began to thrive, the unforeseen arrival of the COVID-19 pandemic brought about unprecedented challenges. The mandated closures and safety measures imposed to curb the spread of the virus forced our doors to shut indefinitely. Despite our best efforts to navigate the storm, the financial strain and uncertainty made it impossible for our business to recover. It was a devastating blow, not only to our dreams but also to the wider community that had embraced our nail bar as a symbol of representation and empowerment.
Conclusion:
The experience of opening Charlotte’s first black-owned nail bar was a testament to the power of passion, perseverance, and the indomitable spirit of entrepreneurship. We blazed a trail, creating a space that celebrated diversity and fostered inclusive excellence. The recognition and media attention we received validated our vision and inspired others. However, the unforeseen challenges brought by the COVID-19 pandemic proved insurmountable, leading to the heartbreaking closure of our once-thriving business. Despite this setback, the experience taught us invaluable lessons in resilience, adaptability, and the enduring impact of representation. Our entrepreneurial journey may have come to an end, but the spirit of trailblazing lives on, inspiring future generations to overcome obstacles and create meaningful change.
At the age of 23, I had the incredible opportunity to embark on a journey that would change my life forever – purchasing my first investment property. It was a 4-unit multi-family building, and the experience was nothing short of transformative.
As a young Black man, I remember feeling a mix of excitement and nervousness as I delved into the world of real estate. I knew that this endeavor carried great significance and had the potential to pave the way for my financial independence and generational wealth.
To start, I immersed myself in research, carefully studying different neighborhoods and analyzing market trends. I sought advice from seasoned real estate professionals, understanding the importance of their expertise in making informed decisions.
Securing financing was a crucial step in this process. I diligently gathered the necessary documents and worked tirelessly with mortgage lenders to find the best terms and interest rates that aligned with my long-term investment goals. It required determination and persistence, but I knew it was essential to set a solid foundation for success.
My next task was to assess the properties I was considering purchasing. This step required a keen eye for opportunities to make renovations that could increase the property value and attract reliable tenants. I was able to negotiate a favorable purchase price, knowing that every dollar saved would contribute to the profitability of my investment.
Navigating the legal aspects of the purchase was equally important. I sought guidance from a trusted real estate attorney who ensured that all the necessary documents were reviewed and finalized, protecting my interests and ensuring compliance with local regulations.
After closing on the property, the real work began. I carefully screened potential tenants, looking for individuals who would treat my property with respect and pay their rent on time. I implemented effective property management strategies, promptly addressing any maintenance issues and fostering positive relationships with my tenants.
As a young Black investor, this experience was not just about financial gains, but also about breaking barriers and defying stereotypes. It was about showing the world that we too can create wealth and build a brighter future for ourselves and our communities.
Over the years, I have continued to manage the property diligently, always striving to provide a safe and comfortable living environment for my tenants. The passive income generated from this investment has not only helped me achieve financial stability but has also given me the confidence and motivation to pursue further opportunities in real estate.
Looking back, I am immensely proud of my journey and accomplishments. It hasn’t always been easy, but the rewards have been immeasurable. I am grateful for the knowledge and experience gained, and I am excited to continue building a legacy of success for generations to come.
N. Finite Hands Charity is a non-profit organization founded in 2015 after I embarked on a transformative service trip to Burkina Faso in West Africa. Inspired by the resilience and determination of the local community, I recognized the immense potential to make a lasting impact by providing essential resources and opportunities. Since its inception, the organization has grown exponentially, making a significant difference in the lives of countless individuals.
Positioning the organization at the crossroads of education and sustainability, a strong vision was established for the organization. Understanding the transformative power of education, I recognized that it was the key to breaking the cycle of poverty and empowering individuals to create a better future. With this in mind, the charity has tirelessly worked to provide educational resources and support to underprivileged communities.
Over the years, N. Finite Hands Charity has forged valuable partnerships with local schools and organizations, ensuring that children have access to quality education. Through the provision of books, school supplies, and learning materials, the organization has made a tangible impact on the lives of countless young individuals, opening doors to a brighter future.
In addition to education, the importance of sustainability is key in creating lasting change. As such, N. Finite Hands Charity has implemented various projects aimed at promoting longevity. Our organization aims to “teach you how to fish instead of just giving fish” By promoting sustainable practices, the organization aims to create a brighter future while empowering communities to become self-sufficient and resilient.
One of the notable achievements of N. Finite Hands Charity is the provision of meals to those in need. Through partnerships with local food banks and community centers, the organization has organized meal programs, ensuring that vulnerable populations have access to nutritious food. By addressing the issue of hunger, N. Finite Hands Charity has created a foundation for individuals to thrive, focusing on their education and personal growth.
Furthermore, N. Finite Hands Charity is dedicated to creating job opportunities and fostering leadership development within the communities it serves. Recognizing that economic empowerment is essential for sustainable community growth, the organization provides vocational training programs, mentorship initiatives, and microfinance projects. Through these efforts, individuals are supported in acquiring the skills and resources necessary to secure stable employment and become leaders in their communities.
Since its founding, N. Finite Hands Charity has experienced remarkable growth and impact. Our team’s dedication and passion have propelled the organization forward, making a tangible difference in the lives of individuals and communities. However, the work is far from over. N. Finite Hands Charity remains committed to expanding its reach, forging new partnerships, and implementing innovative solutions to address the challenges faced by underserved communities. Through education and sustainability, the organization strives to create a world where everyone has the opportunity to thrive and build a brighter future.’
In 2010, I attended Southern Illinois University (SIU). I had an incredible experience that shaped me both personally and professionally. As a student in the College of Business, I was fortunate to have the guidance and support of a mentor who was also the Director of Minority Affairs within the college, Michael Haywood.
Being a finance and accounting major, I immersed myself in a curriculum that challenged me intellectually and allowed me to develop a strong foundation in these fields. However, it was not just the academic aspect that defined my time at SIU. My involvement in the College of Business and the support I received from the Director of Minority Affairs truly transformed my college experience.
The mentorship I received was invaluable. My mentor not only provided guidance and advice regarding my academic pursuits but also served as a source of inspiration and motivation. He helped me navigate the complexities of college life, offering insights and encouragement along the way. Their unwavering support empowered me to overcome challenges and strive for excellence in all aspects of my education.
Additionally, the Director of Minority Affairs within the College of Business played a significant role in my personal and professional development. His dedication to fostering an inclusive and supportive environment for minority students like myself was remarkable. Hey organized workshops, networking events, and mentorship programs that aimed to enhance our skills and expand our professional networks. Through his efforts, I was able to connect with industry professionals, gain valuable insights, and build lasting relationships.
I always was the type to do what was needed to make it happen. I took on the responsibility of being a resident assistant for a few years. This opportunity provided me with free room and board, which, combined with scholarships, significantly alleviated the financial burden of obtaining an education. I was willing to do whatever it took to make my dreams a reality, and being a resident assistant allowed me to focus on my studies without the added stress of financial constraints.
Moreover, my time at SIU opened doors to paid internships that set me up for a successful career in business. These internships provided me with invaluable hands-on experience and allowed me to apply the knowledge and skills I gained in the classroom to real-world situations. The exposure to different aspects of the business world further solidified my passion for finance and accounting and helped me shape my career path.
As I approached graduation, I was thrilled to receive a full-time job offer from GE Capital in metro New York. Accepting this offer was a testament to the education and opportunities I received at SIU. The skills and experiences I gained throughout my time in college, combined with the support and guidance from my mentors, prepared me for this exciting next chapter in my life.
Forever grateful to be a Saluki!
In the spring of 2011, during my freshman year at Southern Illinois University, I embarked on a life-changing adventure – my first trip abroad to Cancun, Mexico. Accompanied by my girlfriend at the time, this journey not only introduced me to the vibrant culture and breathtaking landscapes of a foreign land but also ignited a lifelong love for travel. While the romantic relationship may not have endured, the passion for exploring the world has remained a constant in my life.
As a wide-eyed college freshman, stepping foot on foreign soil for the first time was both exhilarating and nerve-wracking. The vibrant colors, exnihilating nightlife and the warm embrace of the Mexican sun welcomed us to Cancun. From the moment I arrived, I was immersed in a new world and I embraced it all. At that moment, I realized travel as the gateway to experience what’s beyond the comfort of our everyday lives.
During my time in Cancun, I ventured beyond the boundaries of my resort, eager to immerse myself in the local culture. I explored Isla Mujeres, marveled at the crystal-clear waters of Xcaret Park, and indulged in the authentic flavors of Mexican cuisine. Each new encounter and discovery deepened my fascination with different cultures and expanded my perspective on the world.
Since that transformative trip to Cancun where I learned more about the importance of adaptability and embracing change, my passion for exploring the world has only grown stronger. I have ventured to numerous countries, each journey opening my eyes to the beauty of diversity and the power of human connection. Traveling has taught me to be open-minded, to appreciate different perspectives, and to find joy in the unexpected.
My first trip abroad to Cancun, Mexico, during my college spring break marked the beginning of a lifelong love affair with travel. The love for exploring new cultures and embracing the unknown has remained a constant source of joy and inspiration in my life. The lessons learned during that trip have shaped my perspective and ignited a desire to continue seeking new adventures and building a network across borders. Through travel, I have discovered not only the wonders of the world but also the wonders within myself.
Growing up as the son of a dedicated property owner, I had the privilege of witnessing firsthand the world of real estate. My father, a wise and visionary man, purchased a rental property years ago, and it became a catalyst for my own passion for real estate. In this post, I want to take you on a journey back to those early days when my father’s property became the birthplace of my desire to explore the exciting world of investment and rental properties.
The rental property my father owns holds a special place in our family’s history. He acquired it years ago, with the intention of providing a comfortable home for his own father. As a child, I often accompanied my father on the 30-minute drive from our home to the property. It was a time of bonding and connection, as we would chat about life while en route to our destination. Little did I know that these trips would become the foundation of my own real estate journey.
Part 2: Grass-Cutting Adventures
As I grew older and became capable of handling responsibilities, my father entrusted me with a significant task – cutting the grass at the rental property. I vividly remember hitching up the lawn mower to the back of our car and heading out for our regular grass-cutting adventures. It was during these moments that I began to develop a deep appreciation for the property itself and the work that went into maintaining it. The scent of freshly cut grass and the satisfaction of a well-manicured lawn became ingrained in my memory.
Part 3: The Seed of Desire
With each passing visit to the rental property, my curiosity about real estate grew. I started to notice the potential for not only maintaining a property but also generating income from it. The idea of owning my own rental property and creating a legacy for future generations began to take root in my mind. I realized that real estate could provide financial stability, independence, and the opportunity to make a positive impact on communities.
Conclusion:
The rental property that my father purchased for his father ignited a flame within me, a burning desire to explore the world of real estate. From those early grass-cutting adventures to the deep conversations shared between a father and son, I was inspired to embark on my own journey of property ownership and investment over 10 years later. The lessons learned and the experiences gained have shaped my perspective on wealth creation and have fueled my determination to build a brighter future for myself and my community through real estate.
As I reflect on the beginnings of my real estate journey, I am grateful to my father for instilling in me a passion for property ownership and for sharing his wisdom and knowledge. I am excited to continue this journey, building upon the foundation he laid, and creating a legacy of my own in the world of real estate.
When I was just 8 years old, I embarked on my first entrepreneurial venture in my neighborhood. It all started with a simple idea – cutting grass and shoveling snow for my neighbors. I quickly realized that there was a demand for these services, and I saw an opportunity to turn it into a business.
Initially, I was paid per service, earning a few dollars here and there. But as I gained more experience and built a reputation for my work, I decided to take it a step further. I began contracting my neighbors for both summer and winter services, aiming to stabilize my income throughout the year.
During the summer months, I would mow lawns and trim hedges, offering my services to anyone who needed them. I would calculate the time and effort required for each job and set a fair price for my services. It was a great way to earn money while also learning the value of hard work and responsibility.
But it was during the winter season that I faced a unique challenge as a young business owner. I had to come up with a strategy to handle snow removal for my contracted customers. Instead of being paid per service, I decided to offer winter contracts. This meant that my customers would pay me a fixed amount for the entire winter season, regardless of how many times it snowed.
To determine the amount for winter contracts, I had to calculate the potential snowfall and estimate the number of times I would need to shovel snow. I would consider historical weather data, forecasts, and my own observations to make an educated guess. It was a balancing act of pricing the contracts competitively while also ensuring that my time and effort were adequately compensated.
This experience as a young entrepreneur taught me valuable lessons in budgeting, forecasting, and customer relations. I learned how to manage my time efficiently, negotiate fair deals, and provide quality services. It also instilled in me a sense of responsibility and independence at a young age.
Looking back, I’m grateful for the opportunity to have started my entrepreneurial journey at such a young age. It planted the seeds of ambition and creativity within me, and I continue to apply those principles in my endeavors today.