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EP267 How She Went From Being Homeless to Building a 250–Unit Portfolio and a $14M Development with Terrica Lynn Smith

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Manage episode 284422844 series 1016697
Content provided by Brian Hamrick and Rental Property Owners Association with Brian Hamrick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Hamrick and Rental Property Owners Association with Brian Hamrick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

My guest today can best be described as someone who has overcome great odds to achieve incredible things.

Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisiana. She’s the developer of a $14Million mixed-use community and founding partner of one of the largest private real estate crowdfunding companies in her state. She also has created her own board game that she designed to teach development concepts, and she’s been invited to the White House.

Terrica has also had to overcome enormous difficulties and challenges, including growing up in the foster system, homelessness, and Hurricane Katrina.

Today Terrica is going to share how she was able to get her real estate license after failing the test many times, how she realized that 3% commissions weren’t going to cut it, how she sought out a particular type of client, and why most of those clients left her when she made a pivotal business decision.

We’ll also discuss Terrica’s rehab projects, the board game she developed to teach development principles, and the mixed-use $14Million development she’ll be breaking ground on in 2021.

I know you’re going to enjoy this conversation with Terrica and hope you’ll be as inspired by her story as I was. You can find out more about her and her businesses through the following websites:

https://www.developersboardgame.com

http://saltcapitalequitygroup.com

http://www.terricalynnsmith.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

  continue reading

474 episodes

Artwork
iconShare
 
Manage episode 284422844 series 1016697
Content provided by Brian Hamrick and Rental Property Owners Association with Brian Hamrick. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Brian Hamrick and Rental Property Owners Association with Brian Hamrick or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

My guest today can best be described as someone who has overcome great odds to achieve incredible things.

Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisiana. She’s the developer of a $14Million mixed-use community and founding partner of one of the largest private real estate crowdfunding companies in her state. She also has created her own board game that she designed to teach development concepts, and she’s been invited to the White House.

Terrica has also had to overcome enormous difficulties and challenges, including growing up in the foster system, homelessness, and Hurricane Katrina.

Today Terrica is going to share how she was able to get her real estate license after failing the test many times, how she realized that 3% commissions weren’t going to cut it, how she sought out a particular type of client, and why most of those clients left her when she made a pivotal business decision.

We’ll also discuss Terrica’s rehab projects, the board game she developed to teach development principles, and the mixed-use $14Million development she’ll be breaking ground on in 2021.

I know you’re going to enjoy this conversation with Terrica and hope you’ll be as inspired by her story as I was. You can find out more about her and her businesses through the following websites:

https://www.developersboardgame.com

http://saltcapitalequitygroup.com

http://www.terricalynnsmith.com

Today’s episode is brought to you by Green Property Management, managing everything from single family homes to apartment complexes in the West Michigan area.

https://www.livegreenlocal.com

And RCB & Associates, helping Michigan-based real estate investors and small business owners navigate the complex world of health insurance and medicare benefits.

https://www.rcbassociatesllc.com

  continue reading

474 episodes

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