This Millennial Earned $43,000 As a Paralegal; Now She Has 7 Streams of Revenue in Actual Property
Detroit-based millennial Lauren Wilson is a real estate entrepreneur who has done everything and more.
The millennial social media influencer made $ 43,000 a year as a paralegal and built multiple sources of income on real estate. Wilson is a broker, landlord, investor, brand ambassador, certified life coach, and vending machine owner. She also has her own line of real estate t-shirts that have been bought by thousands of individuals.
More compellingly, Wilson hit all of these career milestones by the age of 28. With over 100,000 followers on Instagram, she continues to share wisdom to inspire other women to achieve their goals.
“I don’t have a spectacular formula. I worked hard and did what I wanted to do, ”said Wilson in an exclusive interview with Black company. “Everything didn’t go as I planned. Some things will be trial and error. But don’t be discouraged. If it’s something you believe in, keep your dreams moving because they can come true. “
Lauren Wilson (Image credit: BreAnn White)
Transition in real estate
After graduating from Boling Green State University in 2014, Wilson moved to Atlanta without a job. When she landed on the job market, she was unstoppable. Wilson worked multiple jobs and worked over 70 hours a week. Although she had had great experiences, she knew that her current positions were not what she wanted to do for the rest of her life.
Her mother, a veteran real estate agent for over 28 years, discussed the idea of Wilson returning to Detroit to begin a career in real estate. Wilson took a crash course in real estate, got her license, and landed her first client on social media within a week of launch.
“It was so quick,” says Wilson. “It all happened right in front of my eyes.”
As her social media fan base grew, so did her clientele. She honed her skills, learned real estate tips and tricks from her mother, and worked to break down homeownership myths.
“People think you have to be a certain age or have a certain amount of money. They increase the actual qualifications to become a homeowner, ”says Wilson. “That’s why I always make sure I get information out and educate people about the importance of credit and financial stability. That is entirely achievable. “
Expanding their sources of income
Wilson built a successful career in real estate at a young age. But she is not resting on her laurels.
Wilson has used her real estate experience to expand her brand and revenue stream. Last year Wilson and her husband added vending machines to their portfolio.
“We bought three vending machines for drinks and snacks and four chewing gum machines and are continuing to build from there,” says Wilson. “We can bring home about $ 1,000 per machine for passive income [drink and snack machines]. We spend about 30 minutes a week managing each machine. “
“My goal for 2020 was to work smarter, not harder. I wanted to have different investments, ”says Wilson. “Whether it was rental properties, home flips, or selling t-shirts, I didn’t want to work long for my money. Vending machines were a way to make a good income without putting a lot of work into the business. “