Investing In Your Passion: “If you’re not building wealth, you’re not black!”

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Episode Summary

Show releases January 20th, 9:00 am CST

During this episode of The Black Money Tree podcast, host Jerome D. Love speaks with entrepreneur Danny McKinney values of investing in passions, what banks/mortgage brokers look for when lending money and what most people could be doing incorrectly.

Danny also breaks down how to get hard money loans, boosting credit scores and how to identify which homebuying ‘box’ you could be in!

Danny McKinney has been an entrepreneur for over 30 years in the area of commercial and residential real estate sales, finance, construction, and development. Mckinney has started and successfully ran several businesses and currently is the founder, President, and CEO of McKinney Real Estate
& Investment Co, where he is the Broker/Owner and managed sales team of agents that listed and/or sold over 350 million in residential and commercial real estate over the last 26 years.

Daniel has personally bought over 20 million in commercial and residential real estate. Mckinney has bought and managed over 300 apartments units. Today: what to watch for in today’s real estate investing market, whether or not there’s really such thing as “equity” and getting a return on your investments!

Timestamped Shownotes

Should You Spend Money on College or Skillsets? Or Should You Invest Money on College or On Your Passion? – [4:34]

 

What Are Banks/Mortgage Brokers Looking For? What Could I Be Doing Wrong? – [10:21]

 

What is a Hard Money Loan? How Do You Get It? – [12:33]

 

What Are First Steps To Buying A Home?  Which Home-buying ‘Box’ Am I In? How can I Boost My Credit Score To Get Where I Want To Be For Home Loans? [22:03]

 

Renting VS Owning: If You’re Spending Money on Rent, Is It Smarter To BUY and Build Equity? – [26:04]