Ready to buy instead of rent? On “Financial Freestyle with Ross Mac,” we dig into the DMs for a segment called “Dear Mac” where we answer your pressing questions. Our audience DM of the week: ”How do I get into the ‘unattainable’ real estate market?”
Today’s expert advice comes from famed urban revitalization strategist Majora Carter, who emphasizes getting your credit right as a start then reaching out to family to see if there are any “low hanging fruit” within your circle. The opportunities in real estate may be closer than you think.
Follow “Financial Freestyle with Ross Mac” for more insights and listen to the full episode here or wherever you get your podcasts.
This post was written by Jimi Corpuz
Video Transcript
So when it comes to real estate as a whole, right?
There’s obviously a lot of misconceptions and I think that many people of color or people that just come from, you know, lower class demographics, it’s often the thought is just unattainable, right?
And then you start hearing the different programs, FH A loans, et cetera.
And so I get a lot of D MS, right?
In this segment called Dear Mac, what advice would you give to someone that is trying to get into the real estate market?
Part of it is just getting your credit?
Right?
I mean, because I’ve, I’ve actually noticed that um you know, folks that wanna do it, like, think that there’s a difference at least to start between their, their personal credit and what they can do later on.
And it’s just like, no, you gotta get your like you, you start there.
And so number one and another thing that I, because I think the multifamily thing is super important um especially in the, in like the, the market that we’re in.
Um you know, in, in New York City, there’s a lot of like multifamily brownstones, et cetera and you know, the other thing that I often tell people is like, is there somebody in your family who has something because chances are they might be willing to sell directly to you and you, and so part of it is just opening your mouth to talk about it.
And that would be some of the first things that you can do.
And I think it’s a lower, its lower hanging fruit.
Um, whereas many people don’t even wanna have that conversations with, with like family, which I think is just so bizarre.
Um, well, it’s not that bizarre because I think, you know, family is weird.
And again, like, within our own community, sometimes we know we’re not like the, the kindest to, to each other even in our own families.
So it’s kind of like, oh, I’m not gonna, like, I’m not gonna ask my uncle about that house.
Um, because it’s like my cousins, da da da.
And it’s just like, no, we need to be, like, more open about that because I do think that sometimes it is just that close to people but we don’t always wanna, like, share it.
#real #estate #market
