Russell Simmons and Hip-Hop Stars Lend Advice about Gaining a Home
ATLANTA - Hip-hop music businessman Russell Simmons, along with mortgage consultants and entertainment figures like Ludacris, Yung Joc, Gorilla Zoe, D. Woods of Danity Kane and music executive Kevin Liles, spoke to the crowd at the Hip-Hop Summit at Clark Atlanta University, the Star Tribune reported.
The theme was "Urging People to 'Get Your Money Right!"
Simmons believes now is the best time to buy a home because the property will eventually appreciate, the Star Tribune reported.
"There are opportunities out there, but people just don't know about it," Simmons said. "With financial stability, it's a great time to buy when it's low. It'll pick back up in the long run."
Participants received an 86-page booklet that is half English and Spanish, stressing the importance of home ownership, a solid credit score and steps for first time home buyers, the Star Tribune reported.
Source: Star Tribune