Education and Taking Action From the Black Real Estate Dialogue w/Sam Dolciné
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Episode Description
Welcome to the Freedom Point Real Estate podcast! In today's episode, Jeremy Dyer is joined by Sam Dolciné to discuss the background and goal behind Sam's show The Black Real Estate Dialogue and much more.
Sam Dolciné, a Haitian-American from Brooklyn, launched the Black Real Estate Dialogue podcast in 2019 to fill a gap in representation. Despite financial hurdles, he creatively acquired funding for his own real estate ventures, primarily in the Midwest. His efforts garnered acclaim, with a Webby Award nomination and a 2023 Plutus Award win for Best Real Estate Content. Sam remains committed to inspiring others through his podcast and expanding real estate portfolio.
CONNECT WITH SAM DOLCINE!
Website: https://blackrealestatedialogue.com/
Instagram: @blackrealestatedialogue
CONNECT WITH JEREMY DYER!
Website: https://startingpointcapital.com/
Instagram: https://www.instagram.com/startingpointcapital/
LinkedIn: https://www.linkedin.com/in/jeremydyer
Facebook: https://www.facebook.com/startingpointcapital
Book a Call! https://calendly.com/startingpointcapital/discuss-investing-with-jeremy-dyer?month=2023-12
Summary
Tip #1: Overcoming Financial Barriers
Sam shares his journey of overcoming financial barriers to enter the real estate market, emphasizing the importance of creative financing and taking calculated risks. He highlights strategies such as utilizing forbearance on student loans and leveraging 401k loans to jumpstart investment endeavors.
"I put my student loans into forbearance... I took a loan against my 401k... those were some of the ways I creatively financed my first property."
Tip #2: Strategic Market Selection
Delving into the Midwest market, particularly Dayton, Ohio, Sam underscores the significance of strategic market selection. He discusses the potential of overlooked markets like Dayton and the importance of thorough research to identify emerging opportunities.
"Dayton is not on anybody's radar at scale... I liked the direction it was going in... so I decided to choose that particular market."
Tip #3: Diversification and Risk Assessment
Sam advocates for diversification within real estate investments, emphasizing the need to evaluate risks comprehensively. He discusses the importance of dollar-cost averaging and surrounding oneself with the right people to mitigate potential challenges.
"I'm a big fan of diversification... surrounding yourself with the right people... it all comes down to taking action."
Tip #4: Navigating Market Dynamics
Reflecting on current market dynamics, Sam shares insights into the residential and commercial real estate sectors. He discusses the impact of fluctuating interest rates on buyer behavior and predicts increased competition in the market.
"Rates steadily coming down... going to increase competition... people were offering over asking and all types of stuff."
Tip #5: Persistence and Continuous Learning
Highlighting the importance of persistence and continuous learning, Sam encourages aspiring investors to take action despite challenges. He shares personal anecdotes of overcoming mental hurdles and emphasizes the value of learning through mistakes.
"Know enough to take the next step... you're going to make mistakes... there's nothing you can't overcome in this business."
Tip #6: Providing Value and Growth
Sam outlines his future goals for the Black Real Estate Dialogue podcast, emphasizing the focus on providing value and fostering growth. He discusses strategies for expanding the platform and inspiring others within the black real estate community.
"Next year is all about continued growth... looking for those little things that can get me around that corner and take things to the top."
Tip #7: Recognizing Achievements and Milestones
Acknowledging his nomination for the Webby Award, Sam reflects on the significance of recognition and milestones in his journey. He shares insights into the impact of his podcast and expresses gratitude for the support received.
"It was a shock to be nominated... hopefully, my work has shown that I'm providing some sort of value to the world."
Tip #8: Leveraging Online Platforms
Discussing avenues for expanding reach and engagement, Sam emphasizes the importance of leveraging online platforms. He highlights the role of social media and podcasting in connecting with audiences and sharing valuable insights.
"You can find the show on Apple, Spotify, YouTube... most active on Instagram... look forward to hearing from you."
Tip #9: Building Resilience and Adaptability
Sam shares strategies for building resilience and adaptability in the face of market fluctuations and challenges. He emphasizes the need to stay informed, remain flexible, and embrace opportunities for growth.
"It's almost like for those who play sports... always looking for that edge... learn as you go... trust that you can learn as you go."
Tip #10: Taking Calculated Risks
In conclusion, Sam underscores the importance of taking calculated risks and seizing opportunities in real estate investing. He encourages listeners to pursue their goals with confidence, acknowledging that mistakes are part of the learning process.
"You could either take the chance... or sit and own nothing... trust that you can learn as you go... there's nothing you can't overcome in this business."
