Better Informed Housing

Summary

In this engaging episode, Faith Uncle T, Colin Englesfield, and Drew Wishover dive into the world of real estate, discussing property rehabbing, community wealth-building, and the impact of Opportunity Zones. Colin shares his journey from acting to real estate, while Drew highlights the financial side of rehabbing properties. The conversation also focuses on increasing Black homeownership and wealth in Chicago, with a special event aimed at educating attendees on real estate opportunities, credit checks, and legal resources. The episode emphasizes the need for balanced investment strategies that uplift communities without displacing residents.

Takeaways

• 😀 The speaker is a real estate professional in Chicago, working on multiple properties including gut-rehab projects in the North and South sides of the city.
• 😀 The speaker is preparing to start filming a show related to these real estate projects and is seeking sponsorships for the show.
• 😀 The focus of the upcoming show will be on real estate renovation and investment opportunities in Chicago.
• 😀 A major event is scheduled for Saturday, February 16th, where the Nation of Islam is hosting a convention and community wealth-building day at the McCormick Center in Chicago.
• 😀 The event will feature experts and resources aimed at increasing black homeownership and wealth, with a focus on the Chicago area.
• 😀 Various professionals, including lenders, credit specialists, and attorneys, will be available at the event to help attendees with issues like credit, homeownership, and landlord-tenant matters.
• 😀 The event will also provide attendees with opportunities for credit checks and pre-approval for mortgages.
• 😀 The goal of the event is to make homeownership more accessible, often at a cost lower than renting, particularly for the African American community.
• 😀 The speaker highlights the role of Neighborhood Housing Services, which offers educational resources and support for homeownership.
• 😀 The speaker encourages people to attend the event and get involved, emphasizing that help will be available to navigate legal and financial challenges in real estate.

Q & A

What is the main focus of the real estate show mentioned in the transcript?

The show focuses on real estate investment and homeownership, particularly highlighting the rehab of properties in Chicago and promoting wealth-building through real estate for the black community.

Where are the properties being worked on for the show located?

The properties are located in Chicago, specifically on the north and south sides of the city. There are two properties on the north side that are gutted and ready to start filming, and a six-unit apartment building on the south side that is currently undergoing rehab.

What is the goal of the community event being discussed?

The goal of the event is to promote wealth-building through homeownership, especially in the black and minority communities, and to provide resources such as lenders, credit checks, and legal advice on issues related to real estate.

Who will be attending the community event, and how many people are expected?

The event is expected to draw about 22,000 attendees, with around 1,000 people attending the community day. The event will feature various professionals, including lenders, credit advisors, and attorneys.

What kind of professionals will be present at the event?

The event will have a variety of professionals, including lenders offering pre-approvals, credit experts to help with credit issues, real estate brokers, and attorneys providing legal advice on issues like landlord-tenant relations and taxes.

What is the significance of the partnership with Neighborhood Housing Services?

Neighborhood Housing Services plays a key role in educating the public about homeownership and helping people navigate the challenges of buying homes. Their programs are aimed at increasing black and minority wealth through homeownership.

What specific topics will attorneys address at the event?

Attorneys at the event will address a range of legal issues, including landlord-tenant disputes, property taxes, and matters related to homeownership.

What is the overall mission of the event's organizers?

The organizers aim to increase black homeownership and wealth through real estate, providing educational resources and support to help people navigate the challenges of owning a home and investing in property.

How can attendees benefit from the event's services?

Attendees can benefit from a variety of services, including receiving pre-approval for home loans, getting advice on improving their credit, learning about legal matters in real estate, and exploring opportunities for purchasing homes at costs comparable to or lower than renting.

What is the connection between the show and the community event?

The show and the community event are connected by their shared goal of promoting homeownership and wealth-building in minority communities. The show highlights property rehab in Chicago, while the event provides practical resources and education to help attendees achieve homeownership.