Sam Dolciné, is a founder with a background in Human Resources and Talent Acquisition. Originally from Brooklyn, NY, he is on a mission to teach entrepreneurs, particularly blacks, how to own properties and create generational wealth.
He is behind the podcast show, Black Real Estate Dialogue, where he uses his platform as an information-sharing hub for the black community and a path to generational wealth. He launched the podcast in 2019, and today, the platform has over 83,000 followers on Instagram (@BlackRealEstateDialogue) and 150 in-depth interviews available on YouTube, Apple Podcasts, and Spotify, according to Black Business.
The Los Angeles resident is the founder and host of the Black Real Estate Dialogue [BRED] podcast. According to Black News, Dolciné uses his platform to help potential [black] homebuyers with poor credit and limited capital to partake in the American dream.
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According to him, blacks and other minorities are mostly subjected to discriminatory practices and unfair, as well as unscrupulous government regulations designed to deny them the opportunity to build wealth.
“Real estate investing for black folks is a viable option. It doesn’t matter if you’re poor. It doesn’t matter where you start. You can invest in real estate, and we have over 100 examples proving it can be done,” he said.
“I’ve learned that you need discipline, not a large bank account. We know how and are willing to show you how. We interview Black investors who generously take the time to reveal their process. We are sharing the steps.”
“It takes a leap of faith, and that’s why it is necessary for those in our community to encourage each other, have faith in ourselves, and take the proper steps. Once we do that, there’s no stopping us.”
For Dolciné, real estate is one of the surest ways of building generational wealth. However, access to information about property investment is very low among Black Americans.
“Information grants access, but when it comes to property investment, the Department of Housing and Urban Development cites financial literacy as one of several barriers keeping Black Americans from ownership,” he said.
“Many find details, such as mortgage terms, appraisals, down payment options, government programs, insurance requirements, terminology, and real estate basics difficult to understand. Some find themselves stuck, simply trying to locate certain information,” he added.
One such practice that was used to deny black and brown residents ownership was redlining. Mortgage firms refused to grant loans to areas earmarked as high-risk because of the black population. This was before the Civil Rights Movement and the Fair Housing Act of 1968.
In response, the Community Reinvestment Act was enacted in 1977 to deal with the practice of “redlining” by urging banks to invest in surrounding neighborhoods where residents were not allowed to buy properties.
“The challenges that persisted over half a century ago still have residual effects that leave more Black people paying rent to landlords than owning homes,” Dolciné said. “Of all minority groups, Black Americans are the least likely to purchase a home or invest in property. And while we cannot erase history, educating ourselves on the subject matter is something we, as a people, can change.”
