Building Wealth by Keeping Real Estate: Tips from Dedric and Krystal Polite | Ep. 305

In this episode of Money Talk with Tiff, host Tiffany Grant sits down with Dedric and Krystal Polite to discuss the importance of not selling generational homes. With their experience from their show “50/50 Flip” on Hulu, Dedric and Krystal share insights on how to build wealth by preserving family properties and making strategic home improvements.

They stress the value of land and provide practical advice on leveraging resources to enhance the value of inherited homes. Additionally, they offer a free live training for those interested in real estate investing.

Tune in as they delve into the key aspects of generational wealth and property investment.
About Our Guests

Dedric and Krystal Polite are first-generation, financially free real estate investors who help everyday people make tens of thousands of dollars flipping houses without a real estate license or tons of cash. As the founders of Renovational Wealth Academy they’ve packaged all of their experiences into a suite of services and classes to help others expedite their financial success.

In just a few short years, inspiring power couple Dedric & Krystal Polite have made a name for themselves in real estate. They are the stars of national TV shows on Hulu and A&E, “50/50 Flip,” where they buy, renovate, rent, and flip houses in Krystal’s hometown in NC. In addition to flipping houses, they’ve built long-term wealth by buying and holding rental properties, ensuring financial freedom through passive income and cash flow.

In Season 1 of their nationally televised home renovation series viewers got a front-row seat to see how they do it. Season 2 premieres on Hulu on February 7th and will feature 10 one-hour episodes. The Polites live by the motto “doing good while doing well”; therefore, they focus on providing much-needed affordable housing for their community.

Starting March 4th, the Polites are hosting a 4-week LIVE Wholesaling Accelerator. In this 4-week training class, you’ll learn how to make six figures per year wholesaling houses. Click here for more information, https://politewealthportal.com/4weekwholesalingaccelerator.
Connect with Dedric & Krystal

Instagram: https://www.instagram.com/bepoliteproperties/ & https://www.instagram.com/dedricpolite/

Facebook: https://www.facebook.com/dedric.polite/ & https://www.facebook.com/MSLOVEB

YouTube: https://www.youtube.com/bepolite

LinkedIn: https://www.linkedin.com/in/dedricpolite & https://www.linkedin.com/in/krystallpolite/
Connect with Tiffany

Website: https://www.moneytalkwitht.com (https://www.moneytalkwitht.com/)

Facebook: Money Talk With Tiff (https://www.facebook.com/moneytalkwithT/)

Twitter: @moneytalkwitht (https://twitter.com/moneytalkwitht)

Instagram: @moneytalkwitht (https://www.instagram.com/moneytalkwitht/)

LinkedIn: Tiffany Grant (https://www.linkedin.com/in/tiffanygrant1/)

YouTube: Money Talk With Tiff (https://www.youtube.com/c/MoneyTalkWithTiff)

Pinterest: @moneytalkwitht (https://www.pinterest.com/moneytalkwitht/)

TikTok: @moneytalkwitht (https://www.tiktok.com/@moneytalkwitht)
Timestamps

[00:00] African American property values rise in gentrified areas.

[03:20] Property sold for more, deeply hurting family.

[06:41] Invest in home repairs, boost value.

[12:05] Flipping houses for short-term gain, then renting.

[14:22] Valuable advice on building generational wealth shared.
Key Takeaways

• Generational Wealth: Importance of preserving family property.
• Gentrification: Impact on property values and community.
• Renovation: Making affordable improvements for increased value.
• Real Estate Investing: Building wealth through property ownership.
• Property Evaluation: Understanding value and potential for improvements.
• Business Model: Balancing flipping and long-term property ownership.
• Education and Resources: Providing training for real estate investment.
Additional Links & Resources

• Financial Independence Through Real Estate With Alan Corey | Ep. 111 (https://moneytalkwitht.com/podcast/financial-independence-through-real-estate-with-alan-corey-ep-111/)
• From $1.50 Purses To 20 Doors: Tom Brickman’s Journey To Real Estate Success | Ep. 303 (https://moneytalkwitht.com/podcast/from-1-50-purses-to-20-doors-tom-brickmans-journey-to-real-estate-success-ep-303/)
• Making Money Through Real Estate With Andray And Maisha Stroud | Ep. 74 (https://moneytalkwitht.com/podcast/making-money-through-real-estate-with-andray-and-maisha-stroud-ep-74/)
• Real Estate Investing With Joshlyn Ross | Ep. 46 (https://moneytalkwitht.com/podcast/real-estate-investing-with-joshlyn-ross-ep-46/)

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This podcast uses the following third-party services for analysis:

Chartable – https://chartable.com/privacy