Learn How to Grow Wealth and Leave Legacy with Dionne Payn

damottaleonardweb
Feb 24, 2022
3 min read

Dr. Dionne Payn shares her first-hand experience in the property investment space here on this episode of The Prosperity Perspective Podcast. Dionne will show our host, Liam Leonard, why she advocates so enthusiastically for high-impact projects and will teach us how vital it is to choose the right partners to achieve your return objectives. Get an honest view of the painful process of learning to have hard conversations with partners who aren't pulling their weight, and identify where your strengths lie through taking time to retrospect. Get raw advice on where to begin your investments, starting with the areas that "fire you up."

3 Key Takeaways:

Why you need to invest in the projects that you're supporting
The power of investing in team education
Dionne's ETHICS acronym for successful investment

Show Notes:

[0:25] Dr. Dionne introduces herself

CEO and founder of High Impact Property Investments
Finding affordable and sustainable homes

[1:00] Her history in development

Seeing an opportunity to purchase a larger piece of land
- Offering for $100,000 less
Needing to have all of her ducks lined up in order to make it a joint-venture project
Recognizing a need for housing in that area
- Testing the market through social media and advisement
Selling all of those properties

[5:05] Where Dionne began to invest her money once reaching financial stability

Investing into the projects that they're supporting
- "One of the strongest commitments that we can make is to invest alongside our investors' projects." -Dr. Dionne Payn
  - It's about the heart and soul
Reinvesting into cryptocurrency
- A lot of property investing doesn't come from your mom-and-pop investors
- Looking at blockchain to give more access to these people

[27:50] The link between blockchain and real estate investment

The only link is between investing in cryptocurrency and a platform that matchmakes developers and investors
- That platform will implement blockchain technology

[9:50] Are there any other areas where Dionne diversifies her investments?

Investing in her education
The power in investing in the team's education as well
Investing in personal development
Investing in business development
- "In each milestone or level of business growth we've had, there's been a mindset shift that I've had to go through to get to that next level." -Dr. Dionne Payn
- "If I invest in this, what's my return on investment going to be?" -Dr. Dionne Payn

[12:00] What is her return threshold?

In terms of property: double-digit returns
- "There's something about property development. It's really creative." -Dr. Dionne Payn
- Her examples of this
Keeping projects that cater for the risk

[13:05] Are affordable housing returns different than non-affordable housing returns?

It depends on the way it's done
- A large scale project with commercial intent is very achievable
- The other developer: their business is non-profit, they're not willing to take risks
  - Two different models, and neither of them are better than the other

[15:34] How Dionne presents for non-profit investors versus other investors

You can have good financial returns and still an outcome
It comes down to risk profile
- In non-profit perspective, the risk is less because of definite buy out clause
People see opportunity and have an established brand
The other type of developer has a great track record but not as much brand study

[18:13] How do you negate risk when protecting friends and family money

Really investing in her personal development
Looking at where she hadn't aligned with her venture partner

[20:30] What would she do differently today?

She wouldn't do development because her skillset doesn't lie there
Doing something centered around building relationships
- "When you're running a development project, you really need to be cracking the whip with your partners." -Dr. Dionne Payn
- Be able to have hard conversations with partners if they're now stepping up

[21:05] The subject of her new book, Ethical Property Investing

Taking people through her developed ethical framework
Looking at the investor's experience
- Their track record
- High-impact projects
- Investment research
- Collaboration partners
- Aligned values
- Legacy
"If you don't plan for high impact projects in the first place, it's easy to let it go when things get hard." -Dr. Dionne Payn

[26:40] One last piece of advice for those looking at where to invest

Follow your passion. Follow your mission!
"Follow the things that get you fired up, because there's gold in that." -Dr. Dionne Payn

About Dr. Dionne Payn:

Dr. Dionne Payn shares her first-hand experience in the property investment space here on this episode of the Prosperity Perspective Podcast. Dionne will show our host, Liam Leonard, why she advocates so enthusiastically for high-impact projects and will teach us the absolute vitality of identifying the right collaborating partners in order to achieve your return objectives. Get an honest rendition of the painful process of learning to have hard conversations with partners who aren't pulling their weight and identify where your strengths really lie through taking time to retrospect. Get raw advice on where to begin your investments, starting with the areas that "fire you up."