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

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

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

Episoder(591)

Unlocking Energy Savings: Green Building Retrofits, Smart PropTech & Decarbonization Strategies for Commercial Real Estate with Robert Politzer

Unlocking Energy Savings: Green Building Retrofits, Smart PropTech & Decarbonization Strategies for Commercial Real Estate with Robert Politzer

Modern energy regulations and rising utility costs are reshaping commercial real estate. In this episode, veteran green-building contractor Robert Pulitzer of Green Street Global explains how owners c...

13 Okt 202527min

From Investor to Developer: How to Build What Your Community Actually Needs with Kristi Kandel

From Investor to Developer: How to Build What Your Community Actually Needs with Kristi Kandel

Most investors stop at buying and renting—but what if your next move was developing the places your community actually needs? In this episode, real estate developer and consultant Kristi Kandel shares...

6 Okt 202532min

Warren Buffett's Rules for Real Estate Investors with Paul Moore

Warren Buffett's Rules for Real Estate Investors with Paul Moore

What would Warren Buffett do if he invested in real estate? In this episode, Brian Hamrick welcomes back Paul Moore, Founder of Wellings Capital and author of multiple real estate investing books, to ...

29 Sep 202534min

What's Hiding in Your Building? The Truth About Property Condition Assessments with Greg Trotter

What's Hiding in Your Building? The Truth About Property Condition Assessments with Greg Trotter

Before you buy or lease commercial real estate, there's one report that can save you from six-figure surprises — the Property Condition Assessment. In this episode, Greg Trotter, a 50-year veteran of ...

22 Sep 202528min

How NFL Insiders Are Building Wealth Through Short-Term Rentals on Florida's 30A Coast

How NFL Insiders Are Building Wealth Through Short-Term Rentals on Florida's 30A Coast

What do NFL players, luxury beach homes, and high-stakes real estate deals have in common? Brooke Kromer. In this episode, we dive into the world of high net worth investing in Florida's exclusive 30A...

15 Sep 202527min

Mastering the BRRRR Strategy in a High-Interest Market with Jessie Lang

Mastering the BRRRR Strategy in a High-Interest Market with Jessie Lang

What does it take to scale from a house hacker to owning 75 rental units—without deep pockets and during a high-interest rate environment? In this episode, Jesse Lang breaks down her journey from "acc...

8 Sep 202530min

Strength in Numbers: Real Estate Syndication Strategies for Raising Capital, Structuring Deals, and Scaling Smart

Strength in Numbers: Real Estate Syndication Strategies for Raising Capital, Structuring Deals, and Scaling Smart

Recorded live at the 2025 Midwest Real Estate Investor Conference, this panel dives deep into real estate syndications—what they are, how they work, and how to do them the right way. Whether you're an...

1 Sep 202559min

Scaling Real Estate Success: Fuquan Bilal on Multifamily, Note Investing, and Building a $50M Portfolio

Scaling Real Estate Success: Fuquan Bilal on Multifamily, Note Investing, and Building a $50M Portfolio

In this episode, host Brian interviews Fuquan Bilal, CEO of NNG Capital Fund, who shares his 25+ year journey in real estate investing. Fuquan discusses his evolution from flipping houses to mastering...

25 Aug 202532min

Populært innen Business og økonomi

lydartikler-fra-aftenposten
stopp-verden
dine-penger-pengeradet
rss-penger-polser-og-politikk
e24-podden
rss-borsmorgen-okonominyhetene
pengepodden-2
livet-pa-veien-med-jan-erik-larssen
pengesnakk
finansredaksjonen
tid-er-penger-en-podcast-med-peter-warren
stormkast-med-valebrokk-stordalen
utbytte
morgenkaffen-med-finansavisen
liberal-halvtime
rss-sunn-okonomi
lederpodden
rss-markedspuls-2
rss-pa-konto
rss-investering-gjort-enkelt