In this episode of His & Her Money, we sit down with Rashauna Scott, a real estate investor in Chicago. Her interest in financial freedom was sparked at a career fair during high school, and since her teenage years, with grit, determination, and a whole lot of self-investment, she has built up a successful real estate career.
More and more people have been turning towards real estate in an effort to increase their wealth. But they’re often met with a lot of overwhelming questions, and the thought of purchasing property can feel incredibly daunting. How do I get a loan? Where do I look for properties? How do I know if it’s a good investment? Or even, how do I even get started?
If you’ve ever asked yourself these questions or have considered investing in real estate, this episode is for you. Rashauna shares her journey in building up her wealth in real estate, from its beginning to its current success.
She pinpoints specific strategies and mindsets that have driven her determination and ability to create strong business relationships, find mentors, and understand what assets she brings to the table. You’ll hear how she determines whether or not a property is worth buying, and she even shares some mistakes she has made in the past.
Throughout the episode, Rashauna emphasizes the importance of knowledge and education during her wealth-building journey. Without knowledge of real estate, credit scores, or how to even go about flipping houses, her first investment was in, not a property, but in herself. She put money into her own education by taking workshops, having more conversations about money with family and friends, and finding mentors to work with.
Despite going to school full-time, working full-time, and leasing apartments on the side, her determination made educating herself a priority.
Now, she is the founder of Flippin’ in Heels, an organization and community that encourages women to enter into the world of real estate investment, and she is leading by example through her efforts to educate others in her field.
What You Will Learn
- How to find mentors and partners in real estate investment
- How to get started in real estate investment with limited finances
- Strategies to pinpoint what assets you can bring to the table in real estate
- How to create a strong business partnership
- How to determine whether or not a property would be a good deal
- Where to find properties
- How to leverage the bank and lender to invest in a property
Resources Mentioned
- Rich Dad, Poor Dad by Robert T. Kiyosaki
- Retire Young, Retire Rich by Robert T. Kiyosaki:
- Rashauna Scott on Instagram
Thanks For Listening!
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