Frat Brothers Are Combating Gentrification By Buying Back The Block
Timothy Webb Jr. and his Kappa Alpha Psi fraternity brother Rashae Bey aren’t just talking about the devastation of gentrification, they’re doing something to combat it.
The University of South Carolina graduates purchased two acres of land in Columbia, South Carolina and own 26 rental units between South Carolina and Virginia, according to Because of Them We Can.
“There is a lot of gentrification by those who don’t look like us, and I believe if we want to see change, we need to be the change we want to see,” Webb told Because Of Them We Can. “Our goal is to get our hands onto as much real estate in the South Carolina area as possible.”
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Webb graduated in 2013 and was initially focused on using his information technology degree to work with data. His vision evolved after he founded the lifestyle brand “More Than a 9 to 5” in hopes of creating generational wealth for his family by bridging the gap between traditional careers and entrepreneurship.
“What I’ve seen is that you can be a full-blown entrepreneur, do a mix of 9-5 and entrepreneurship, or work so hard in your career that you can build yourself up. My Black is creative, always!”
Webb said he hopes to teach others how to invest in their communities through real estate and stocks and build wealth so they too can provide local families with opportunities to stay in their communities.
He has created an eBook entitled “Buy Back The Block, A Guide to Building Your Real Estate Portfolio” to offer insight and advice.
“The world doesn’t move without Black creativity. All of us are creative people, and we have to make a decision if our God-given talent is something we can use in entrepreneurship or just a hobby. We are too creative not to use our gifts,” Webb said.