Episode #862 (ENCORE OF #761)
Happy holidays, BiggerPockets listeners. You’ve all been good this year, so instead of a lump of coal, you’re getting a special episode delivered on the most merry day of the year. We’ll be sharing Yamundow Camara’s unbelievable journey from dirt-poor poverty to INCREDIBLE passive income, even against all odds. If you’re unsatisfied with your holiday gifts this season, listen to this episode—it may change your ENTIRE outlook on life and give you something to be extra grateful for today!
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How do you go from absolute poverty to passive income in a short amount of time? What if you were raised on the other side of the world, where even a basic education had to be fought for, and every opportunity was a constant struggle? This is the real story of Yamundow Camara, who went from sleeping on a dirt floor in a small village of Gambia to making a million dollars per year thanks to real estate.
Yamundow grew up in an environment foreign to many of us. When her parents passed away in her youth, she was forced to live with relatives that treated her as a nuisance, not someone worth nurturing. She slept on the floor of her family’s home and was sometimes lucky enough to have a cardboard box as a mattress. She was set to be wed in her early teenage years, but thanks to her drive, determination, and pleading of her aunts, Yamundow was given a chance to go to high school and college and later immigrate to the US.
From there, Yamundow put success as her sole focus. She not only academically overachieved, but was able to do an INCREDIBLE amount of investing with almost no money, no credit score, and no experience in the industry. She now sits on over thirty rental units, with a monthly income that rivals most Americans’ yearly salaries. Yamundow has one of the most incredible stories we’ve ever shared on the podcast, and you’ll have to tune in to hear her unimaginable path to success.
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Expand Your Investing Knowledge With the BiggerPockets Books:
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Find an Investor-Friendly Agent in Your Area:
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Grab the Books Mentioned in Today’s Episode:
BRRRR: https://store.biggerpockets.com/products/buy-rehab-rent-refinance-repeat?utm_source=owned_media
Long-Distance Real Estate Investing: https://store.biggerpockets.com/products/long-distance-real-estate-investing?utm_source=owned_media
SCALE: https://store.biggerpockets.com/products/scale-successful-agents-guide-leveling-up?utm_source=youtube&utm_medium=description&utm_campaign=none
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Use the BiggerPockets Rental Property Calculator on Your Next Deal:
https://www.biggerpockets.com/rental-property-calculator?utm_source=owned_media
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3 Ways to Invest in Real Estate With Little to No Credit:
https://www.biggerpockets.com/blog/2016-04-01-3-ways-to-invest-with-no-credit?utm_source=youtube&utm_medium=description&utm_campaign=none
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From Extreme Poverty to DIY Wealth and 2 Full-Time Incomes:
https://www.biggerpockets.com/blog/money-329?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Yamundow:
BiggerPockets: https://www.biggerpockets.com/users/yamundow?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: @buildingwealthfromrentals or https://www.instagram.com/buildingwealthfromrentals/
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Connect with David and Rob on BiggerPockets:
David: https://www.biggerpockets.com/users/davidgreene24?utm_source=youtube&utm_medium=description&utm_campaign=none
Rob: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
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Connect with Rob (Robuilt):
BiggerPockets: https://www.biggerpockets.com/users/robuilt?utm_source=youtube&utm_medium=description&utm_campaign=none
Instagram: https://www.instagram.com/robuilt/
TikTok: https://www.tiktok.com/@robuilto
X/Twitter: https://www.twitter.com/robuiltchannel
YouTube: https://www.youtube.com/c/Robuilt
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Follow David and BiggerPockets on Instagram:
@davidgreene24 or https://www.instagram.com/davidgreene24/
@biggerpockets or https://www.instagram.com/biggerpockets/
Show notes at: https://www.biggerpockets.com/blog/real-estate-761?utm_source=youtube&utm_medium=description&utm_campaign=none
00:00 Intro
01:15 Orphaned and Sleeping on the Floor
05:18 The Dream of Owning a Home
07:15 Scholarships, Degrees, and Moving to the US
14:05 Getting the First Deal (and Things Going WRONG)
24:32 7 Rentals in 1 Year!
32:46 Making $80K a MONTH!
40:01 Analyzing Deals and Biggest Challenges
44:12 Taking a Hit on Taxes
47:43 Yaamu’s Current Portfolio
49:45 Tips to Keep Quality Contractors
50:53 Stop Waiting!
