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

Published: Feb. 8, 2021, 6 a.m.

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My guest today can best be described as someone who has overcome great odds to achieve incredible things.\\xa0

Terrica Lynn Smith is a real estate broker and investor holding over 250 properties in Louisiana.\\xa0 She\\u2019s the developer of a $14Million mixed-use community and founding partner of one of the largest private real estate crowdfunding companies in her state.\\xa0 She also has created her own board game that she designed to teach development concepts, and she\\u2019s 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\\u2019t 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\\u2019ll also discuss Terrica\\u2019s rehab projects, the board game she developed to teach development principles, and the mixed-use $14Million development she\\u2019ll be breaking ground on in 2021.

I know you\\u2019re going to enjoy this conversation with Terrica and hope you\\u2019ll be as inspired by her story as I was.\\xa0 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\\u2019s 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

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