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Entrepreneurs on Fire
Building a Seven-Figure Real Estate Business Using Other People’s Money with Kyara Gray and Khalil Uqdah
Oct 1, 2023
24:13
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Kyara Gray and Khalil Uqdah, co-founders of Charm City Buyers, share their strategies for success in the real estate industry. They emphasize the importance of purpose, working smart, and collaboration. They discuss utilizing other people's money, incorporating housing projects into the new market tax credits program, and creating a better community. Attend their free class to learn more about Baltimore and getting involved.
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Quick takeaways
- Focus on your why and purpose to drive motivation beyond monetary goals.
- Leverage other people's money (OPM) by building relationships and tapping into available funds and grants.
Deep dives
Building a Seven-Figure Real Estate Business Using Other People's Money
Kiara and Kaleel, co-founders of Charm City Buyers, discuss their success in building a seven-figure real estate business by leveraging other people's money. They emphasize the importance of working smart rather than just working hard, focusing on efficiency and delegation. They share their journey of transitioning from their full-time jobs to real estate development and how they strategically built their portfolio and relationships to access funding sources such as nonprofit financing, private money, and grants. They highlight the significance of collaboration over competition and the importance of building meaningful relationships with the community. Their overall vision is to positively impact neighborhoods in Baltimore while also creating generational and community wealth.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode