The BRED podcast focuses on black investor stories, and host Sam Dolciné created the real estate investor community to help others enter the space.
Jason Lewis
Sam Dolciné created Black Real Estate Dialogue (BRED) to share and document the stories of successful black real estate investors.
“Our goal is to share the untold story and show the community that investing in real estate is possible. On my show, I talk to black real estate investors across the country who are able to share their stories and also We also share specific information to help others in our community learn how to invest in real estate.”
Many of Dulcine’s guests are investors developing properties or buying properties with the intention of reselling them for a profit or using them as rental properties. In a recent show, he interviewed developers Don Peebles and Victor McFarlane. These two are the most prominent black real estate investors in the country. The two developers are partnering on his $1.6 billion Angels Landing project in downtown Los Angeles adjacent to the historic Angels Fly Railway.
“I think this will be the biggest project by a black team,” Dulcinet said. “It will bring a lot of economic opportunities and jobs to Los Angeles.”
Dulcine interviewed Mark Jones, a local investor and agent in South Los Angeles who helps people buy real estate and teaches them how to invest in real estate. and interviewed Page Turner, host of HGTV’s “Fix My Flip.” The information provided in Dolciné’s podcasts provides listening audiences with guidance to start investing in real estate.
“What people hear from my guests and myself is just a start,” Drusine said. If something resonates with you, even if you’re a landlord, double down on it and think about how you can get started. Down payment assistance etc. How the average person gets into this space I have very successful guests and I always make sure to ask them how they got started. Because it started somewhere.Nobody started a billion dollar project.Nobody started with 100 rental units.The main thing I want people to get out of the show is I mean you can do it too.Here’s an example of people who look like you who did it and here’s how they did it.
One of the inspirations behind creating this podcast for Dulcine was when he learned about the racist practices of Redline, a segregation-era policy where banks would not fund mortgages for black communities. was.
“That’s one of the motivations for starting the show,” Dulcinet said. “I didn’t learn much about Redline until I was 28. I was stunned. Essentially for years it kept us out of home ownership. It opened up a lot of opportunities for us.” It just closed. For me it was crazy to see the neighborhoods where we lived primarily being red-lined and deemed undesirable. and no investment in that community when we learn about such things and racial covenants prohibiting the sale of property to other minorities, not just blacks. The (white) community of The .
The red line is one of many factors that have created wealth inequality in the country, but Dulcinet believes another problem is keeping more black people from entering the real estate sector.
“I think it’s more of an information gap than an income gap as far as wealth is concerned,” he said. “Because there are programs you can join with zero percent down. There’s obviously a cost there, but the NACA program has a 0% down rate. And it can take some time to save that number, but you can also coordinate with each other.
Podcasts provide a lot of great information, but Dulcine created an online real estate course where the information is presented in a more structured way. We created the BRED Real Estate Investment Community where you can interact with like-minded investors.
Podcasts, courses, and investor communities are ways to address gentrification issues impacting the black community in Los Angeles. One of the problems contributing to gentrification is that black people are selling their inherited property.
“We’re trying to build intergenerational wealth,” Dulcinet said. “If you sell and you have no plans to keep growing that money, are you going to invest in another house? So I think anyone planning to sell needs to have a plan for that money.”
For more information about Black Real Estate Dialogue, visit www.blackrealestatedialogue.com and follow us on social media. Past episodes of the podcast are available on YouTube.