BiggerPockets Real Estate Podcast

848: From Bussing Tables as a New Immigrant to Making $5K/Month from Rentals w/Keleisha Carter

Nov 24, 2023

Keleisha Carter, a new immigrant with no green card or ability to get a mortgage, built a $5K/month passive income stream. She shares how to get around banks to buy properties, when to leave a soul-sucking job, and an immigrant's guide to real estate investing. Lessons in bravery, securing financing, and overcoming obstacles are also discussed.

59:04

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Episode guests

Keleisha Carter

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Episode notes

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Quick takeaways

Creative financing strategies like private money and creative financing can help new immigrants build a real estate portfolio.

Having multiple exit strategies and being flexible in the rental market are essential for success in real estate investing.

Forming an LLC and finding a partner can facilitate loan acquisition for real estate investments as an immigrant.

Deep dives

Building a Portfolio with Creative Financing

Kalisha discusses how she built her real estate portfolio by using creative financing strategies, such as private money and creative financing. She shares her experience with private lenders and how she raised funds for her deals.

Introduction

3min

Making a Bold Move and Facing Stigma in the Restaurant Industry

2min

From Service Jobs to Real Estate: Lessons in Bravery

5min

Starting a Real Estate Business as an Immigrant

19min

Securing Financing and Overcoming Challenges

5min

Lessons Learned and Overcoming Obstacles

24min

Engaging Banter, Social Media Handles, and an Ad for BiggerPockets Boot Camps

2min

Keleisha Carter built a $5K/month passive income stream as a new immigrant with NO green card, money, or ability to get a mortgage. After realizing that her corporate job in Jamaica wouldn’t lead her to where she wanted to be, Keleisha made the adventurous decision to pack up everything she had and move to the US. Overnight, she went from a high-respected marketing role to bussing tables in an entirely different country, but she had bigger plans.

Keleisha’s goal was to support her family financially in any way she could and eventually bring them to the States. After numerous promotions, Keleisha built up a small sum of savings that she would use to buy her first rental property. Or, that was the plan until she realized that without being a US citizen, purchasing a home and getting a mortgage would be much more complicated than she thought.

In today’s show, Keleisha shares her smart strategy to get around the banks and buy properties, EVEN as a new immigrant. Plus, she’ll show how she’s buying rentals today WITHOUT using her own money and why she’ll NEVER try to flip houses again.

In This Episode We Cover:

How to get around mortgage qualifications and buy your first property WITHOUT the banks

Quitting corporate and when it’s time to take a risk and leave a soul-sucking job behind

An immigrant’s guide to real estate investing without a Green Card or citizenship

Why EVERY BRRRR (buy, rehab, rent, refinance, repeat) property MUST work as a house flip

How to find the perfect out-of-state investing market even if you have ZERO investing experience

And So Much More!

Links from the Show

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