Episode 105 - Learn the rules to the game, with The Downing Brothers from HGTV

The Millionaire Talk Show with Todd and Michelle

On this episode guest host Rashauna Scott joins me as we interview The Downing Brothers. The Downing Bros are twin brothers who own multiple multi family properties in Chicago and have executed 8 flips. Hear how their mothers legacy and leadership as an immigrant real estate investor and developer led them to where they are now. Also hear about how they were able to land their show on HGTV! Key Points From The Show Used letters to qualify themselves for government programs and refis All the real estate knowledge you need can be found on google Lenders don’t get paid if you don’t get funded You can’t just stay at home and wish for things to happen for you There is enough real estate out here for everybody Renovate every property that you own Buy properties below market value Don’t be afraid to get in there and renovate everything and build in equity Insulate yourself from a recession by buying below market value Real estate is a lifestyle There is a difference between loaning your family money and investing with your family Doing business with your family is the hack Generational wealth is about passing money down not supporting up Speak to solutions If we are going to build generational wealth we have to have life insurance policies Whatever industry you are in you must learn the rules so that you can be an owner The philosopher Rashauna mentions is Socrates You want to have an asset that pays for the liabilities in your life Books mentioned: Rich Dad Poor Dad Landlording on Autopilot Our guests can be found here: www.thedowningbrothers.com @thedowningbrothers twitter: @thedowningbros Sponsors Ericka Williams: @erickasclassyclimb HoodEstates: @hoodestates BlackerPockets: @blackerpockets 24/7 Watches: @twenty47watches Invest With Teri: @imaninvestor Product Links: Hood Estates Trucking: bit.ly/2JQQnlZ Hood Estates Elite Real Estate: bit.ly/2HCXD25 Ericka Real Estate: bit.ly/2HqKiLb Ericka Williams Youtube: bit.ly/2Co0V6N Twenty 47 Watches: twenty47watches.com Invest with Teri - www.investor101.org Todd Capital: www.gumroad.com/toddcapital Rashauna can be found on all social media platforms: @rashaunascott Todd Millionaire: @toddmillionaire @toddinvestments