Homeownership is a secure way to build wealth. For many Americans, homeownership is an instrumental way of creating generational wealth for their families. For Jamisa McIvor-Bennett, founder and CEO of Rosebud’s Investments, her introduction to ownership began with a conversation with her grandmother, which ultimately led her to become a real estate investor at the age of 19.
After a conversation with her guardian about being next in kin to own and manage the family home, Mclvor-Bennett was added to the deed. Months later, her grandmother passed away unexpectedly.
“I took what she said to heart…to be responsible and to help my family because this [family home] is all we had. That kept replaying in my mind over and over again,” says Mclvor-Bennett.
At that time, she worked as a cashier and could not afford home renovations on her own, so she had to make an executive decision.