Inner-city kids are learning the art of real estate investing from these major property tycoons

On a cold and blustery afternoon in the South Bronx, about a dozen high school students were roaming the streets of their neighborhood, but they weren’t just hanging out. They were figuring out values, calculating capitalization rates on multifamily properties and scouting out investment opportunities.

They are part of Project Destined, a nonprofit program that teaches inner-city students the fundamentals of real estate development and investing, right on their own streets. The program then lets them participate in and gain financially from the profits on real deals in which Project Destined invests.

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RSK: Kudos to all involved in this...great idea and program.



- - Volume: 7 - WEEK: 47 Date: 11/19/2019 8:15:15 AM -