How To Acquire Property In Less Than 12 Months - Episode

[@tahntalus]

The formula Terrica is using is a modified 1% rule for! The base case is that a property should rent for 1% of its asking price. So if a triplex is selling for $974,000 then it should rent for $9740 a month. But if rents in the area are $9000 a month for similar triplex then you are underwater! This is by far my favorite podcast!💪🏿💪🏿👊🏿👊🏿👊🏿

[@RealSocialProof]

She's the GOAT!

[@QB-ul5lq]

😮

[@joyceharris7165]

@Tahntalus

[@reggiebailey4522]

❤

[@kevinmitchell9422]

Thank you!

[@erickacole3818]

This episode made it so real for me. Congratulations David on your 85 doors! I did what we discussed at the Terrica's mixer in ATL and focused on my one thing: Real Estate. I joined the property challenge. Thanks for you for being gracious. You all are very down to earth. It was such a pleasure meeting you and Terrica. Thank you David for pushing her to share her knowledge with the people. #VIP

[@RealSocialProof]

You're always welcome, Ericka! 🤗

[@marball7520]

She’s absolutely right. I’ve been In real estate in Los Angeles for over 20 years. You learn real quick that NUMBERS DON’T LIE, PEOPLE DO.

[@RealSocialProof]

Louder!!! 🗣️🗣️🗣️

[@sungaze342]

I’m in the valley Clovis /Fresno

[@danarobinson6156]

True 👍

[@ddfelder2]

As an agent?

[@tahntalus]

Can you reccomend some books on learning how to know your real estate numbers?

[@jacquiegines]

"The transfer of wealth is from the impatient to the patient." 🎯

[@tordeanrivera7983]

Lost a 100k this week in potential gains being impatient

[@RealSocialProof]

WORD! 🗣️

[@AmiltonLBaptista]

🗣 PIN THIS COMMENT 💯

[@ojames1983]

They need to edit that quote because it takes more than patience alone. A lot of broke patient people exists. Lol.

[@NoName-lp3lf]

Warren Buffett quote

[@LisaSumthin]

I learn so much from this channel, from start to finish, every video every time.

[@RealSocialProof]

Yay! Thank you for always supporting fam! 👋🏾

[@mssbucki1]

I’ve spent 100s of thousands in schooling (literally) this podcast is the best free game ever !

[@diversediscoveries3107]

This is a true live example of your network is your net worth. And thank you for teaching and doing these challenges Terrica. Our people are starving unnecessarily.

[@RealSocialProof]

🔥🔥🔥

[@belovedgrounds8697]

The authenticity of your posture in your #purpose is beautiful to watch. The gems that you’re sharing WILL forever give you exceeding returns because of the invested knowledge you have shared!!!!! Knowledge is the new wealth!!! THANK YOU!!!

[@RealSocialProof]

Thanks for watching! Anytime! 💯

[@nony0587]

She is blessing you and everyone she comes across. What a life changing opportunity.

[@williamleonard2242]

Wealth is created by proper investment. When you invest on it, you're buying a day you don't have to work.

[@williamleonard2242]

​@Olivia George Investing in this assets can make you rich Bitcion,Stocks and Real estate.

[@thomasnorris7285]

​@oliviageorge6652I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having inveesting nightmare prior touching base with a advisor. In a nutshell, i've accrued over $850k with the help of my advisor from an initial $120k investment.

[@alanfuller7176]

​@@thomasnorris7285 . I've actually been looking into advisors lately.

[@alanfuller7176]

​@@thomasnorris7285 the news I've been seeing in the market has been so encouraging, who's the person guiding you?

[@thomasnorris7285]

​@@alanfuller7176Credits to Mrs Debbie Pattinson, one of the best portfolio managers out there. she's well known, you should look her up..

[@tiffanyb3000]

This pod episode really blessed me. Y’all have No idea. 🙏🏾 Right now money is tight but will definitely tap in at $97 because i need to hear and be around this mindset. Im gonna Win! Much love

[@RealSocialProof]

Go for it. You'll learn so much for sure! 🔥

[@tiffanyb3000]

Let me tell you! It was everything! Everything! Man listen, I pray to God there is one in Jan 2023 because I will be in the Platinum/V.I.P section. Yes and thank you. 🙏🏾

[@indiva02]

Great interview! I just finished reading her book yesterday! She is so inspiring. She been through so much in her life yet she turned it into triumph! I have so much respect for her. I'm joining her property challenge. Can't wait!!!

[@RealSocialProof]

Go for it! Read her book and so many gems! 💎💎💎

[@ARTTLife]

"The only way to end that cycle is by becoming obsessed with ending that cycle" Woooo 💯🔥🎯🏘

[@RealSocialProof]

BARS! 💯💯💯

[@Labelle_TrinityMac]

Wow!!! I literally screamed with JOY when I saw the draft footage of that building!!! So many nuggets in this podcast that I can't even name!! After watching this the next podcast on my plalaylist was episode #162 . That helped metro better understand what you and Terrica Smith were referring to...about your real estate investment loss. @David Shands I'm sooo glad you were able to get things turned around! So MUCH MORE I could talk about but I'll end here! Thanks @Terrica Smith and David for showing us what TRUE collaboration looks like! I'm totally encouraged! ❤

[@RealSocialProof]

Yaaayy! Thanks fam. 🙌🏾 You're next!

[@LoverOfTheLamb]

I'm finna lock in on this podcast! Great stuff and I'm never disappointed when I tune in! Keep grinding family ✊🏿

[@RealSocialProof]

Thanks for the unending support fam!

[@sabrinasmith8046]

This content is 🔥🔥🔥..and seeing the love and guidance shown for our own is extremely uplifting. I just started my real estate journey and my mind is blown at how much money can be made.

[@RealSocialProof]

You're in the right track. Real estate is 💰💰💰. One day, you'll be the one sharing your story.

[@temiymahs_World]

What a great legacy to have a property/land with your family’s name!!! ❤❤❤

[@misunderstoodkj]

Terrica is The G.O.A.T.! I wanna buy some real estate with the both of y'all. I am currently working on Investment property #4 (but I sold 2 of them). I am trying to get at least 10 doors positive cashflowing properties.

[@RealSocialProof]

GOALS! You can do it! 💪🏾

[@eloisestrickland593]

Help me please

[@misunderstoodkj]

@eloisestrickland593 I have a KZbin channel, too 😉. But you can definitely learn a lot from the Social Proof KZbin channel.

[@OfficialRonise]

I love seeing Terrica on the podcast !

[@RealSocialProof]

Hope we can have more of her in the podcast! 🔥

[@beautifulnoise949]

I absolutely loved this interview! I have been following the "Female Real Estate Guru" for some time now and she is the truth!

[@RealSocialProof]

Always proud of my sis! 👏🏾

[@pursueandplay2525]

This motivated me so much! I love how they’re reaching back to help others. I can’t wait to take her course

[@RealSocialProof]

Thank you so much! Stay motivated fam 👊🏾

[@MsTM-bt2tu]

Yes indeed! I’m a Louisiana girl/woman living in the Dallas/Fort Worth metroplex and I love this!!! Y’all are doing big, major things in my home state. Thank you both for sharing this inspirational and informative information!

[@RealSocialProof]

Big change coming in the state! Thanks for the support. 🔥

[@rmac1media825]

I’m watching this video at 3:12 am listening to this great interview, and minute 37, when she say men who built America, honestly I thought I was the only black person who watches that documentary 1-5 every week for the last 5yrs, and David I want to thank you so much bro, I’m a Jamaican live in Florida and i can’t go a day without listening to your KZbin and podcast interview, I’m a very successful car salesman for a Ford dealership, farmer server for ihop, making 25k yr now making 10x and your video keeps me well grounded, And shout out mi girl Dani aka Dondada.

[@RealSocialProof]

Wow! That's dope man! Keep it up! Thanks for tuning in bro. Know that I appreciate you! 🔥

[@redblackgreen3371]

This is awesome ! I ❤️ love her mindset on sharing the knowledge

[@RealSocialProof]

We agree!

[@AmiltonLBaptista]

This was dope 🔥 Definitely hope to meet her in person some day. I love that she teaches from the heart.

[@RealSocialProof]

Most definitely!

[@atraya2004]

She is so dope. I gotta learn from her. Thank you for having her on again and shedding light on how you acquired your doors. This is dope.

[@RealSocialProof]

Thanks fam! Hopefully we'll have more of her soon! 🔥

[@JourneyWithJewell1225]

We all need a Terrica as a friend/mentor she’s the 🐐 . I love it🙌🏼

[@RealSocialProof]

I'm blessed to have her. 🙌🏾

[@tysgem7]

This is a beautiful thing…….in honor of your mom. Way to go ☺️☺️

[@RealSocialProof]

We'd do anything for our mom! ♥️

[@gimmeadollar1062]

This is dope .... Uncut raw. I love this I need to be on what they on

[@Loveandlight267]

I’m definitely joining her challenge. It’s something about her that gives she really cares and isn’t hard up for money to teach. She just seem like she’s the truth. I’m proud of her and don’t even know her. Lol!

[@RealSocialProof]

You must follow her! She's an amazing woman. That's what I also felt when listening to her. 💯

[@Loveandlight267]

@@RealSocialProof I started following her as soon as I finished the podcast. We both feel the same way about her that means I’m up next 🙏🏽🙏🏽🙏🏽🙏🏽

[@WhoisBANE]

Love this podcast every episode is very knowledgeable

[@RealSocialProof]

I appreciate it! ✨✨

[@issanadia]

One of your best podcast. Period

[@RealSocialProof]

Ayyyeee!! Thanks for watching! 🤗

[@nony0587]

This is so wonderful David.

[@RealSocialProof]

Thank you! We hope we are able to help you in our little ways. 🤗

[@AweSomeTee]

LuV Your ExPeriences & THankU4 SHareCaring!!! Wishing U All Zee BEST! AllWays Bee 🐝 Happi 🤗 !!!

[@theblackfoodnetwork]

She is the one! Excellent!

[@RealSocialProof]

Proud of my sis!

[@feliciadr]

I’m EXCITED about this!!! (Nervous too but mostly excited😁😁😁) Great interview! I’m getting the VIP packet #generationalwealth

[@RealSocialProof]

GO FOR IT! 💪🏾

[@ddickson43]

This is a great show, I need this now, I need to be in these rooms, cause right now I running around in circles, currently taking a realistate course, but I need people like this to help make this pop for me, people with the understand about how it really works Thank you for this pod cast

[@RealSocialProof]

You're welcome! Happy to hear that you are loving our channel. Thanks!! 💯

[@Lavonwoods]

This is super dope! She said it, we are creators. Ultimately God put us here to create. To me new construction is the true legacy builder especially when you keep the asset. That’s why I’m a builder now building my portfolio from the ground up. I absolutely Love new construction. Commercial mixed use buildings is my next level.

[@RealSocialProof]

Keep it man! You're doing great! 💪🏾✨

[@alvinsellars3446]

You guys always motivate me to keep moving. David you ever thought about getting into the hotel ownership space? This is the next avenue for Black owned business. Less than 2% Black ownership in Hotels.

[@RealSocialProof]

I'll think about that. I'm open for any opportunities that comes my way. 🤗

[@alvinsellars3446]

@@RealSocialProof sounds good. We need leaders like you to help move forward the agenda. Davonne Reaves who was on EYL Is a leader in the space. She may have even been on your show? If not she would be a great guest in this particular under served market for black entrepreneurs.

[@Brikapri]

Right before she mentioned Louisiana, I was saying I hear that LA accent❤ Loved this episode and I appreciate all of her knowledge. Sis know her stuff!

[@RealSocialProof]

Louisiana represent!

[@missnya4368]

Omg I’ve been waiting see this woman glad she is on here now !!!! Found her on Instagram she the 🐐

[@RealSocialProof]

Thanks for watching! She is the 💣💣💣!

[@misunderstoodkj]

I want to be in Terrica’s Mastermind!

[@RealSocialProof]

Tap on her! She's the best! 🔥

[@inspireprogress111]

Congratulations!!! Definitely inspiring and Ill to come visit one day and we will do business! Great podcast

[@RealSocialProof]

Hit up! 🔥

[@dwightdorsey9714]

Man I needed this!

[@RealSocialProof]

Blessing you with this interview! 🔥

[@voluntarygifts6963]

We have to have an army to protect what we build.

[@RealSocialProof]

Period!

[@retiredfromthestreetstv7875]

Definitely love how she says "You in the Big Boy Club now!" 🤙🏾♥️ #flowers

[@RealSocialProof]

I felt that fr. 💪🏾

[@retiredfromthestreetstv7875]

@@RealSocialProof Your legacy is definitely cemented fam. The impact you've started can't be explained in metrics. My incarcerated "bros" are calling home discussing your platform. That's MAJOR!!! With no degreed college programs in prisons; You, EYL, The Grace Tribe, Him500, WS Trapper and the rest of the black and financial literacy family are all they got. All WE got. Love is love. Keep going and I'm certain we'll bump heads in the near future 🤙🏾♥️.

[@Raquel-jg6wt]

I definitely would like to meet her. May you both stay Blessed 🙌

[@DionyosSylvester]

I'm about to watch The Men Who Built America and get ready for the Property Challenge starting tomorrow

[@kayfreeConsults]

💕it true name💕 Gby wonderful loving family.. this is sooo inspirational..Terrica is Amazing thanks for all the gems 💎…

[@RealSocialProof]

Indeed so inspirational! Thanks for tuning in, fam! 👋🏾

[@Raquel-jg6wt]

Love the art in your studio

[@MrDurham1986]

Dope episode 🔥🔥🔥

[@RealSocialProof]

Eeeeyyy thanks man! 🔥

[@mentalhealing5666]

She has a beautiful heart. God bless her

[@RealSocialProof]

One of the most genuine people I know!

[@BANANALANDMEDIA]

Waiting eagerly

[@RealSocialProof]

Thanks for watching fam!

[@norvellatastytopia1687]

OMG how inspiring!!!!!!!!!!!!!!!!!!!!!

[@RealSocialProof]

You're next! 💪🏾

[@79Wizzle]

Damn I love Terrica!

[@RealSocialProof]

Yessir!! 💯

[@the7thanswer589]

this lady is so genuine

[@RealSocialProof]

Truth! 💯

[@Raquel-jg6wt]

I appreciate this. I definitely plan to invest once I become more knowledgeable on Real Estate

[@RealSocialProof]

Glad it was helpful!

[@markho9653]

Smart woman...I'm learning so much

[@RealSocialProof]

I'm so glad this was helpful to you. 🙏🏾

[@royaltyestateinvestments]

@Social Proof great information & thank you Terrica for the input. My question is how does the person on the bottom, like your beginnings, start? What's the best process to acquire multiple properties starting from the mud?

[@RealSocialProof]

Thanks for tuning in! Will ask your queries once she gets back on the pod soon. 🙌🏾

[@gladys.Eliasrecruitertrucking]

You have touched my heart where can I reach you

[@temiymahs_World]

How much should I have in reserves or cash on hand to start this process?

[@Tharealari_tv]

Dave who is your team for tax preparation? Or where can we find reputable tax strategists/ tax managers

[@bigtreyg2154]

😮❤ love it

[@RealSocialProof]

Thank you for the love! 🤎

[@PrinceJ227]

Wow, this is an amazing video, where can we find real estate portfolios for sale? Are they mostly from networking or is there an online marketplace to find and purchase the portfolios?

[@RealSocialProof]

Glad this was helpful to you! 👏🏾

[@santanaacker1377]

Thank you both, and thank you Jesus for all of this insight!!!!!!

[@RealSocialProof]

Thanks for tuning in fam! 🔥

[@kakashitheakitainu3551]

I bought 2 of her development board games!🔥

[@davidelrockafella2870]

Where is it available at?

[@kalstonii]

Where from?

[@RealSocialProof]

🔥🔥🔥

[@robbiemerriweather7093]

I like what I am hearing. Intelligence = 💰

[@RealSocialProof]

Glad you liked this episode. Full of gems whenever she's my guest 🔥

[@stockmarket6726]

Good info

[@RealSocialProof]

Glad it was helpful! 🤗

[@chellefin]

The deal is made when you buy!

[@patienceo6980]

Terrica I Patience Ogola will be the need person and family that the circle ends with me.

[@abanks257]

Dope… currently in real estate school here in Las Vegas I paid for it 6 months ago and never went .Glad I finally started,I been dealing wit real estate agents for years but I plan to invest

[@RealSocialProof]

Real estate is good when you have enough knowledge. And glad you invested on it. 👏🏽👏🏽

[@ARTTLife]

What is the proper spelling for the "Hold Harmless" R- Clause mentioned ? That was a 💎💎💎

[@Moreelifee9]

What was the name of the law she mentioned in Louisiana that they sign when closing,

[@jimmiebazz2586]

Where is Byron Allen picture for your wall he go way back and doing great things and he would be a great brain to pick....

[@Nicholem718-1]

I’d like to hear more about how she is able to purchase investment property without 20% down. The only way I see that happening is if the property is being sold significantly below the appraisal value, and if that’s the case, how do you find motivated sellers?

[@RealSocialProof]

We'd love to have her back once our schedule are fixed. Let's park your question. 🙌🏾

[@tahntalus]

You can buy rentals(4 units and less) for under 20% using fha at 3.5% or go through naca with no money down. Don't mention investment property and you have to live in one of the units..

[@Nicholem718-1]

@@tahntalus That's the problem... I have a single family home already and I'm nervous to rent it out. I'm in a state where laws are tenant friendly.

[@Nicholem718-1]

@@tahntalus I appreciate this-- I may be able to work something out.

[@safarihakizimungu8437]

Very powerful interview. do I need a Real estate license for this?

[@RealSocialProof]

Hey! Thanks fam! 👋🏾

[@TAYYRAWW]

How do you find a property manger 🤔

[@emariet2421]

This is my favorite podcast episode! The way she just took my vision up a notch. I feel like I’m becoming a stalker

[@RealSocialProof]

You should join her challenge.

[@crownNglory23]

Do you still offer the free trial for morning meet up? I just tried to sign up.

[@RealSocialProof]

Please send DM on IG.

[@THEREALESTATEHUSTLER]

I love it!🔥🔥🔥😎 I want to be down.

[@rahjasreign]

I need the hoodie she's wearing!!!!!

[@RealSocialProof]

🔥🔥

[@shellyannrichards6565]

That's exactly... how I think for the longest time... Naming Rooms in my building after my Parents.

[@RealSocialProof]

🔥🔥🔥

[@gladys.Eliasrecruitertrucking]

This is my dream to change my family life and stop living in poverty

[@vicsvibes]

A true legend

[@RealSocialProof]

🔥🔥🔥

[@miguelmontrell996]

Terrica…..🚀🚀🚀🚀

[@RealSocialProof]

🔥🔥🔥

[@EssenceOfSpiritVlogs]

I missed the challenge. Will there be another one?

[@RealSocialProof]

Follow my sis for the updates!

[@RellaEmbray]

Where can I purchase that sweatshirt? “The cycle ends with me” - Terrica Lynn

[@divinefrequenseez7383]

Y'all said you would take tips of places that could be great investments...I have a few for y'all they're international though. Great spot for tourists I'd love to chat with you guys about it. It must be quick though out of 25 hectares 18 have already been bought.

[@RealSocialProof]

Thanks for the tips!

[@TerahDaBarber]

Gems and I’m here for all of it…..

[@RealSocialProof]

🔥🔥🔥

[@Smooveandpretty]

40:33 yes

[@RealSocialProof]

💯💯

[@nony0587]

I need to be in her inner circle! Please allow me.

[@queencoins9913]

OMG oh my God she's so dope do I own 10 lots right now but yeah I want more

[@RealSocialProof]

That's big!! Congrats sis

[@kakashitheakitainu3551]

In the first 15 watchers!!

[@RealSocialProof]

Thanks fam! 👋🏾

[@Alovelyme1]

Went to property challenge and there's a wait list and only states the challenge that was this past July. When's the next one?

[@Alovelyme1]

What's the name of the clause again?

[@timothyburke3971]

What do you guys look at in regards to the magic number for Debt Service Coverage Ratios (DSCR) in regards to multi fam purchases??👊🏽

[@freedommmc]

🔥🔥🔥🔥🔥🔥

[@RealSocialProof]

💯💯💯

[@here2watch]

I want to hear people talk about what happens when the housing market crashes. I want to hear more about how to protect yourself when bad things occur. I do love that reminder to be patient. I don't know when the bubble will burst but I want to be ready. I've lost so much money over the years and I need to get it right this time. I'm 35 and literally starting over. Just saving as much as I can to prepare.

[@RealSocialProof]

That's a different story. Would love to cover that.

[@ca3713]

Monthly rent payments times 100?

[@dwanagory2769]

How can I get into your program

[@RealSocialProof]

Join www.ThePropertyChallenge.com

[@tstone7284]

Put me in Coach T!