Leonard Person Jr has been an investor for over 15 years. He’s also the CEO of MyHouseGram.com and a Real Estate Expert that specializes and teaches strategic and creative Real Estate investing. Some things Leonard is known for include:
- Quiet title litigation (Receiving Properties Back Mortgage Free)
- Wholesale Acquisition Deals
- Buying and Selling Nonperforming Notes
- Basics Fix and Flips
He also specializes in Credit Repair in 90 days and Business Lines of Credit for startup companies where tax returns or proof of income isn’t needed. I wanted to learn more about the importance of being financially responsible. Here’s what he had to say.
Hey Leonard! What brought you to this specific career path?
Leonard: I met a good friend named Ravin from one of my best friends named Twin that was doing Real Estate investing in 2003. I saw him collecting checks off of deals he closed for $20,000 each. That inspired me to get into the business, and at that time I already saved up 15k to buy me and my family a house in PA. My friend suggest I flip that money and invest into property until I can get what I truly wanted, so that’s what I did. I found a property worth $306k in Brooklyn, NY where I was born and raised. I put $10k down on the property. I was the youngest black guy on the block that owned a multi-family house which made it hard to rent at times because prospective tenants didn’t believe I owned it. Because I looked so young, I had to always show them the deed and prove I owned the property. Long story short I flip that property for $550k the next year and netted 180k after taxes. I then sold several properties that year making over 1.2m in my first year doing real estate. That’s when I started a company and self-published a book called “Hood Estate The Manual” which was create to give the urban community a idea on how to flip property and build wealth by leveraging credit.
That’s amazing, what has been the most interesting story that’s happened to you since starting MyHouse Gram?
Leonard: The most interesting story is when I bought a property for $6k in Long Island NY and sold it for $270k the next year without fixing anything in the house. I know you’re going to ask me how was that done! It was done through a Quiet Title Litigation which is very rare to do but if you can prove the bank don’t own the promissory note then it’s more than possible. This has to be done through court and you will need to hire great experience counsel to execute this type of deal. We actually teach this in our mentor program which is $10k a member.
Becoming successful involves financial success for some people, what’s your definition of financial success?
Leonard: Financial success is to have multiple streams of income, Real Estate Investment Properties with tons of equity to cash out or for residual income. Being debt free, owning your own property in all cash with no mortgage. Doing what you want, not what you can and making your own rules, not having to follow or settle for less. That’s financial success to me.
How have you used your success to bring goodness to the world?
Leonard: I’ve done great deeds and taught people for free, bought my parents homes, donated money and clothes, given loans to family, friends and people without money all while expecting nothing in return. I put out a book that has taught many people and helped them get successful by just reading my experiences. I’ve taken care of kids and raised two daughters which I had full custody of for over 8 years. I’ve done my great share and still willing to help someone in need to this day. I’m just grateful to heavenly mother and father that he/she continue to use me as they see fit!
How can our readers follow you on social media?
@myhousegram on instagram, Twitter, YouTube and Facebook. Our following is very good on IG so you can definitely follow us there.