INDIANAPOLIS (WTHR) - Budding entrepreneurs are in class learning how to buy and sell real estate.
"I didn't know very much about this and we miss a lot of opportunities by not knowing, so when we see people trying to share information with you I think it's an awesome thing," said Elizabeth Bennett, Indianapolis.
"It's a passion of mine to be able to educate people on the different avenues you can use real estate to build wealth," said Keith Safford of K & T Investment Developments.
Safford is half of K & T. He and Tony McDaniel are part of the growing effort to improve the housing and commercial landscape of Indianapolis.
New developments are popping up all over the city and the trend of renovating older assets continues.
Their construction company is rehabbing an early 1900s home on Temple Avenue near the 10th Street corridor.
"The owner hasn't decided yet if he wants this area to be a master closet or a sitting area,” McDaniel said as he showed our crew the home that has drastically improved from its former state of being boarded up.
"We feel good when we help people. It's good to know that somebody can come into a new home and help revitalize the neighborhood and help bring the neighborhood back."
Riding the real estate roller coaster may not be for everyone but experts suggest it's a great investment option as part of your retirement plan that typically has a great return.
It starts with erasing the "POOR mentality," an acronym, Safford says, for “passing over opportunity regularly.”
"You're going to always remain in the same position that you're in. There's a great, great chance for you to really do something with the vehicle of real estate if you give an opportunity a chance."
Real estate can be part of wealth-building that passes through the generations and if managed properly, can leave a lasting legacy for your family.
"This is something that's yours forever and nobody can take it away from you," Safford said.
His daughter Nyla Safford, 15, is already learning the business and plans for real investment to be part of her financial future.
"It's nice to know that I do have something from the family that I can always be a part of," she said.