The Tea on Passive Income: Buying Real Estate When You’re Broke

Erika Brown is a real estate investor, agent, and serial entrepreneur who is working to close the wealth gap by teaching Black and Brown communities how to build a passive income by investing in property. In this episode, Tara and Erika discuss how much you actually need in order to start investing in real estate, and what they wish they’d known before starting to buy properties.  00:00 Intro 00:15 “House Hacking” 04:16 Good housing markets for multifamily homes 09:25 What to consider when thinking about your cashflow numbers 12:27 What Tara and Erika wish they’d known about being a real estate investor before they started buying properties 19:29 How much money you actually need to start investing in real estate 25:52 Why you should buy a home 29:17 Advice for young entrepreneurs  💌 Want to get all of Tara’s resources? Subscribe: https://www.morningbrew.com/bossy-show/subscribe   Get More BOSSY Watch BOSSY on YouTube: www.youtube.com/@BOSSY_Show   Follow BOSSY Instagram: https://www.instagram.com/bossy_show/    TikTok: https://www.tiktok.com/@bossy_show  Twitter: https://twitter.com/BOSSY_Show  BOSSY, hosted by Tara Reed, brings you no-BS conversations about entrepreneurship, confidence, and leaning into your inner boss. Each episode, Tara puts on her boldest outfits and offers tactics and unapologetic advice – from the big names you love to the minds behind your favorite brands. New episodes drop on Thursdays – if you like the show, leave us a review and share with a friend! Learn more about your ad choices. Visit megaphone.fm/adchoices  Learn more about your ad choices. Visit megaphone.fm/adchoices