Summary: For most Americans, owning a home is a major factor in the accumulation of wealth. However, research indicates that there exists large gaps in the rate of homeownership between black and White Americans. Specially, more than 70% of white households own their own homes compared to 45-percent of Black Americans. Today, we focus on how to close that gap by interviewing Kendra Barnes, a real estate investor and founder of The Key Resource, a company and community geared toward helping millennials to accumulate wealth through real estate. In this interview, we discuss different types of investments (30:33), how to invest in real estate at any financial level (33:24), myths and misconceptions about investing (37:20), and mistakes that Kendra learned along the way (40:22). We also have a conversation about life as a landlord (43:47) and advice for first time investors (47:14). We close by discussing the importance of real estate investing for wealth building in communities of color (50:03)! Other Topics Include: 00:30 - Catch up with Ty and Daphne 02:30 - BhD Oh Lawd News 24:17 - Tees for Degrees Thank You! 25:00 - Introduction of the Topic 28:10 - Learn more about Kendra 42:01 - Licensing in Real Estate 45:41 - Section 8 Rental Properties 1:00:23- Ty and Daphne Reflect on the Interview Resources: The Key Resource Website: https://thekeyresource.info The Key Resource Facebook Community: https://www.facebook.com/groups/241836009576155/?ref=bookmarks The Key Resource Instagram - https://www.instagram.com/thekeyresource/?hl=en Cash Flow Game - https://www.amazon.com/CASHFLOW-Board-Exclusive-Strategy-Delivered/dp/B00M085AMI STUDY: Single Women Of Color Age 36-49 Have Median Wealth Of Just $5 - https://www.huffingtonpost.com/2010/03/11/women-of-color-have-media_n_495238.html White families have nearly 10 times the net worth of black families. And the gap is growing - https://www.washingtonpost.com/news/wonk/wp/2017/09/28/black-and-hispanic-families-are-making-more-money-but-they-still-lag-far-behind-whites/?utm_term=.92cd5d321594
