Black Wealth Effect

In our recent episode of the Black Wealth Effect podcast, we had the pleasure of speaking with Keziah, a general contractor and business owner. She shared her experiences in the construction industry, offering valuable advice for aspiring contractors. Keziah discussed the challenges of working on older homes, the importance of building a strong reputation through excellent work, and the need for education and empowerment within the Black community. She also highlighted market opportunities like garden suites and property renovations and emphasized the importance of financial planning and leveraging the equity in your home. Key topics covered during our discussion with Keziah: Master a specific skill or trade and continually educate yourself. Consistency, resilience, and excellence are vital for success in the construction industry. Building a strong reputation leads to repeat clients and referrals. Seize market opportunities, such as garden suites and property renovations, to increase income and build equity. Financial planning and leveraging home equity are essential for stability and future growth. We appreciate your support! Please subscribe, follow, rate, and leave us a written review. Sharing the podcast with those who would benefit most helps them discover the show. Thank you for being part of our community! Connect with Keziah: Linkedin:https://www.linkedin.com/in/keziah-osei-734663159 Website: https://www.keyztoyourhomereno.com/ Instagram:https://www.instagram.com/keyzreno/ Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast   Connect with Mario Griffiths:http:// https://www.youtube.com/@blackwealtheffectpodcast Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Or wherever you listen to podcasts.  We ask for your support and some podlove. Please don't forget to subscribe, follow, share, rate, and leave us a written review. That helps people find the show.  Here are the links again: Our website: https://www.blackwealtheffect.com/ Apple Podcasts: https://podcasts.apple.com/us/podcast/black-wealth-effect/id1633534747 Spotify: https://open.spotify.com/show/77Oa4f4L6MirQOtNuRa5rE Thank you!

In our recent episode of the Black Wealth Effect podcast, we had the pleasure of hosting Andre Chin, an experienced entrepreneur and real estate investor. Andre shared his insights on the importance of building relationships in sales and real estate, emphasizing the power of personal conversations and the strategic use of social media to generate leads. He delved into the art of negotiation, advocating for win-win solutions, and highlighted the significance of understanding market trends and key metrics to create urgency and solve client problems.   During the conversation, Andre addressed the current market challenges, predicting a period of tough times followed by a rebound, and encouraged listeners to be patient and look for opportunities. He stressed the value of picking up the phone to foster human connections and the importance of providing value to others in the industry. Andre also shared his entrepreneurial journey, discussing how his desire to create income and alleviate financial burdens drove him from a young age   Takeaways The power of personal conversations in sales and real estate Leveraging social media for lead generation while maintaining personal connections Negotiation as a skill to create win-win solutions for all parties involved Understanding market trends and key metrics to address client needs effectively Navigating current market challenges with a long-term perspective and patience Chapters 00:00 The Journey of an Entrepreneur 08:41 The Power of Relationships 11:14 The Importance of Picking Up the Phone 17:31 Using Social Media to Generate Leads 19:19 The Art of Negotiation 23:06 Understanding the Market and Key Metrics 25:05 Navigating the Challenges of Uncertainty 28:23 Finding Opportunities in Every Market 30:13 The Importance of Patience and Long-Term Thinking We appreciate your support! Please subscribe, follow, rate, and leave us a written review. Sharing the podcast with those who would benefit most helps them discover the show. Thank you for being part of our community!   Connect with Andre: Instagram:https://www.instagram.com/andrechinkw/ Website: https://poweredbyicon.ca/ Linkedin: https://www.linkedin.com/in/andrechinkw     Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast     Connect with Mario Griffiths:http:// https://www.youtube.com/@blackwealtheffectpodcast Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

Ray Glymph, a successful real estate investor and entrepreneur, shares his journey from homelessness to owning over 100 properties. He emphasizes the importance of giving back to the community and taking calculated risks. Ray discusses the challenges he faced and the lessons he learned along the way, including the value of systems and the need for affordable housing. He also highlights the role of mentorship and the power of networking in achieving success in real estate investing. Ray's goal is to help more people in the real estate investing space and he offers free resources and masterclasses to support others on their journey. Takeaways Giving back to the community is an important aspect of being a successful real estate investor and entrepreneur. Taking calculated risks and going against the grain are keys to achieving success. Having systems in place and being organized are crucial for managing a real estate portfolio. Affordable housing is a growing trend in the real estate market and presents a great investment opportunity. Mentorship and networking are essential for personal and professional growth in real estate investing. Chapters 00:00 Introduction and Personal Background 01:09 The Importance of Giving Back 06:37 The Fuel of Failure 10:14 Building Systems and Staying Organized 14:23 Investing in the United States 21:17 The Role of Mentorship 24:14 The Power of Networking 26:07 Helping Others in Real Estate Investing Connect with Ray: Instagram:https://www.instagram.com/rayglymph Website: https://www.rglymph.com/ Linkedin: https://www.linkedin.com/in/rayglymph Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b  Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/  Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

In this episode, Emily Belton shares her experiences and insights on running a short-term rental property management business. She emphasizes the importance of continuously learning and growing in entrepreneurship, drawing from her background as a soccer player. Emily also discusses the do's and don'ts of designing short-term rentals, the current state of the market, and the key considerations for managing properties remotely. She provides advice for those interested in starting a property management business and highlights the significance of documenting everything and knowing your rights as a short term rental business owner. Takeaways Running your own business and being entrepreneurial involves continuously learning and growing, drawing from various experiences and skill sets When designing short-term rentals, it is important to consider factors such as wall art placement, incorporating greenery, and maintaining a consistent design theme throughout the property Short-term rentals can still be profitable in the current market, but it requires being a good operator and adapting to changing trends and pricing strategies Starting a property management business for short-term rentals requires being an expert in the local area, building relationships with key members of your power team such as cleaners and maintenance personnel Documenting everything and knowing your rights as a host are crucial for protecting yourself and resolving issues with guests Chapters 00:00 Do's & Dont's When Designing Your Short-Term Rentals 11:15 Trends & Best Practices To Create Positive Guest Experiences 27:13 Entrepreneurship Advice for Property Management Startups 38:21 Closing Remarks and Key Insights Connect With Emily Instagram: https://www.instagram.com/emilybelton08/ Website: https://www.theclairco.com/ Linkedin:https://linktr.ee/Emilybelton08 Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b  Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/  Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths    

Andy shares his journey in real estate investing and the importance of taking action and being uncomfortable. He emphasizes the need for education, coaching, and networking in order to succeed. Andy also discusses the benefits of managing his own properties and provides tips for vetting property management companies. He believes that now is a great time to buy in the market and shares his goal of growing his portfolio to over 100 units by the end of the year.   Takeaways Take action and be uncomfortable in order to grow and succeed in real estate investing. Invest in education, coaching, and networking to expand your knowledge and opportunities. Consider managing your own properties to have better control and understanding of the business. When vetting property management companies, ask about their experience, fees, and services. Now is a good time to buy in the market, as sellers are motivated and there are opportunities for better prices. Set clear goals for portfolio growth and believe in your ability to achieve them. Chapters 02:02 Getting Started in Real Estate Investing 04:22 The Impact of Trade Background on Property Renovation 06:15 Common Mistakes in Electrical Work for Real Estate Projects 08:11 Inspiration for Getting into Real Estate Investing 10:50 The Importance of Education and Coaching in Real Estate 12:36 Expanding Mindset and Growing Real Estate Portfolio 16:10 Tips for Managing Properties and Vetting Property Management Companies 22:41 Advice for Younger Self and the Role of Education and Networking 26:35 Observations on the Market and Goals for Portfolio Growth Connect With Andy Facebook: https://www.facebook.com/andy.jean.568632 Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022  Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/  Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

In this episode of the Black Wealth Effect podcast, host Mario Griffiths interviews guest Jude, a successful real estate investor. Jude shares his journey of starting as an entrepreneur at a young age and eventually transitioning into real estate investing. He discusses the importance of having a strong work ethic, the influence of his engineering background on his real estate business, and the significance of building relationships and understanding different types of sellers. Jude also emphasizes the value of identifying lucrative opportunities and leveraging virtual assistants to maximize productivity and focus on high-value tasks. He shares his future goals of scaling his real estate business and expanding his virtual assisting company. Takeaways Having a strong work ethic and a drive for independence can lead to success in entrepreneurship and real estate investing Building relationships and understanding different types of sellers are crucial in negotiating win-win scenarios in real estate deals Networking and connecting with like minded individuals in the industry can provide valuable insights and create opportunities to succeed Identifying lucrative opportunities and understanding the mathematics behind real estate investments are key skills for successful investing Leveraging virtual assistants can help maximize productivity and focus on high-value tasks in real estate and other businesses  Chapters 00:00 Introduction and Guest Welcome 08:56 The Influence of an Engineering Background 23:55 Maximizing Productivity and Focus with Virtual Assistants 29:33 Systemizing and Delegating Tasks for Business Growth 35:43 Connecting Buyers and Sellers in the Real Estate Market Connect With Jude Instagram: https://www.instagram.com/judegomess/ Instagram: https://www.instagram.com/task.tuesday/ Website: https://www.tasktuesday.com/ Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022  Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/  Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths    

In this episode of the Black Wealth Effect Podcast, Deji shares his experience starting a tech company and immigrating to Canada to build wealth as a real estate investor. The episode also covers seller motivation and the reasons why homeowners sell their homes privately. Deji shares tips for finding off - market deals, his approach to growing his mindset and being successful as a real estate investor. Takeaways When buying a house as an investor, it's important to consider the seller motivation behind the sale  Financial difficulties can be a strong motivation for sellers to sell their house Focusing on the bigger picture and the future goals is more important than getting the highest price for a house Having the right mindset and being willing to let go of attachments can lead to a smoother selling process. Chapters 00:00 Introduction and Background 3:38 Solving Transportation Problems in Lagos 7:56 The Power of Branding and Community Building 11:52 Building a Unique Brand in the Motorcycle Hailing Industry 29:02 Understanding Seller Motivations in Off-Market Deals 40:39 The Value of Patience and Collaboration in Real Estate Connect With Deji Linkedin: https://www.linkedin.com/in/dejioduntan X:  https://twitter.com/dejioduntan_ Instagram: https://www.instagram.com/dealsestateca/ Facebook: www.facebook.com/groups/751099089507900 YouTube: https://www.youtube.com/@dealsestate Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   Follow us on YouTube: https://www.youtube.com/@blackwealtheffectpodcast Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths  

In this episode of the Black Wealth Effect Podcast, host Mario Griffiths interviews mortgage broker Royston Simon. Royston shares his personal background and career journey, including his unconventional path to becoming a mortgage broker. He discusses the lessons he learned from a challenging pre-construction experience and offers advice for his younger self. Royston also shares insights into current trends among buyers and lenders in the real estate market. He highlights the importance of being proactive and seeking professional advice when it comes to mortgages. Royston shares examples of challenging deals he has worked on and discusses the importance of creative financing. He concludes by providing advice for experienced investors and sharing his future plans.   Takeaways Be proactive and seek professional advice when it comes to mortgages and real estate investing. Understand the risks and challenges involved in different real estate strategies, such as pre-construction purchases and renovations. Maximize your income and minimize your debts to improve your buying power and qualify for better mortgage options. Stay informed about current trends in the real estate market and be cautious of making decisions based on FOMO (fear of missing out). Consider alternative lenders and creative financing options to overcome challenges and achieve your real estate goals. Chapters 00:00 Introduction 01:20 Personal Background and Career Journey 06:20 Lessons Learned from Pre-Construction Experience 09:46 Advice for Younger Self 12:46 Trends Among Buyers and Lenders 21:56 Challenging Deals and Creative Financing 29:36 Advice for Experienced Investors 34:00 Conclusion   Connect With Royston Instagram: https://www.instagram.com/flyynancial.solutions/   Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

The real estate investing market in Ontario has made a major shift in the last few months. With the lack of recent interest rate hikes and predictions of interest rate cuts at some point this year, buyer confidence is on the uptick. In this episode you'll be able to: Understand recent shifts in the real estate market in Ontario Learn about effective ways to generate off market deals In this episode of the Black Wealth Effect Podcast, host Mario Griffiths provides updates on the show and shares recent business updates. He discusses the current market conditions and the impact of interest rates on the market in 2024. The main topic of the episode is finding off-market deals, and Mario shares various methods, including leveraging online classifieds, door knocking, and paid tactics like flyer campaigns and Google Ads. The key moments in this episode are: 00:00 Introduction and Updates 01:04 Real Estate Investing in 2024 03:17 Finding Off-Market Deals 07:16 Conclusion Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Join our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/

Virtual wholesaling is an innovative and practical business venture into global real estate. Technological advancement has made investing in real estate across the border a reality. However, just like in any business, there are nuances unique to different markets that every investor should understand.  In this episode, you'll be able to:  Learn about virtual wholesaling: Differences and Similarities in Canada and the U.S. Understand the power of networking and building relationships in real estate Learn to overcome challenges and ethical considerations in wholesaling Learn tips for newbies in wholesaling Understand the Market: Tools and Resources for Wholesaling In this episode of the Black Wealth Effect podcast, our guest, Tadela Tedemet (Tadi), is a guru in virtual wholesaling. She discussed the application of virtual wholesaling strategies in Canada and the U.S., focusing on the nuances and differences in the approach on both sides of the border. She shares insights on starting and scaling a wholesaling business, selecting profitable markets, managing relationships ethically with sellers, utilizing specific resources for lead generation, and leveraging current market trends. She also highlights the importance of continuous learning and self-investment. She shares her plans to focus on creative deals, personal branding, content creation, and expanding her network for the coming year. The key moments in this episode are: 00:00 Introduction to Virtual Wholesaling 00:59 Podcast Introduction and Guest Welcome 02:57 Getting to Know the Guest: Tati's Reading Habits 05:07 Tati's Journey into Real Estate Investing 06:58 Tati's Wholesaling Strategy and Experience 08:10 Tati's Future Business Goals 12:29 Understanding Wholesaling Markets 12:40 Building a Power Team for Wholesaling 15:20 Challenges and Ethical Considerations in Wholesaling 18:50 Tips for Getting Started in Wholesaling 27:27 Navigating the Current Real Estate Market 31:38 Looking Ahead: Tati's Plans for the Future Connect with Tadi: Email: contact.tadi@gmail.com  Website: https://hotwholesale.gumroad.com/ Instagram: https://www.instagram.com/tadivirtual/ Youtube: https://www.youtube.com/c/HotWholesale Facebook: https://www.facebook.com/tadivirtual/ Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

Do you want to unlock the secret to effectively managing and maximizing your profits from short-term rental properties? Wondering how to achieve outstanding results in the booming industry of short-term rental property management? Look no further!  Our guest, Chichi Oduntan, will share the ultimate solution to help you achieve your desired outcome - the ability to manage and optimize your earnings from short-term rental properties successfully. Get ready to discover the key strategies and insights that will transform your property management game and propel you toward unprecedented success in the lucrative world of short-term rentals. Meet Chi Chi Oduntan, the co-founder and chief of operations at Oaksuite Living, who brings a wealth of experience and expertise to the world of short-term rental property management. With a background in law and event planning, she has successfully transitioned into the real estate industry, combining her passion for creating exceptional guest experiences with her knowledge of property management. Short-term rentals are not just about listing a property and expecting money to roll in. It requires operational skills, market understanding, and a team to ensure success. - Chichi   In this episode, you'll be able to:  Learn the secrets to successful short-term rental property management and maximize your earnings. Discover the strategies to create compelling listings that attract guests and drive bookings. Unlock the pricing strategies that will help you optimize your rental income and increase your profits. Explore how to transition smoothly from your current career to the exciting world of real estate and short-term rentals. Gain expert insights on analyzing deals for short or midterm rental properties, ensuring you make profitable investment decisions. As a leader in rental arbitrage and short-term property management, Chichi understands the intricacies of running a successful short-term rental business. Through Oaksuite Living, she offers various services, from rental arbitrage to property management, helping homeowners maximize their earnings and navigate the industry's complexities. With her unique blend of skills and dedication to delivering superb guest experiences, she is a trusted expert in short-term rental property management. The key moments in this episode are: 00:00:00 - Introduction 00:02:08 - Chichi's Background and Journey 00:05:44 - Advice to Younger Self 00:08:24 - Successful Property Management for Short-Term Rentals 00:11:39 - Key Factors for Success in Short-Term Rentals 00:15:09 - Identifying the Market 00:18:30 - Catering to a Wider Audience 00:19:49 - Analyzing the Competition 00:21:45 - Adapting to Market Trends 00:24:23 - Pivoting to Midterm Rentals Connect with Chichi Oduntan: LinkedIn: https://www.linkedin.com/in/chichi-uzuh-oduntan-442618a2/ Instagram: https://www.instagram.com/chichioduntan/ Facebook: https://www.facebook.com/cheenyeray.uzuh/ Website: https://oaksuiteliving.com/ HostWithChi Instagram: https://www.instagram.com/hostwithchi Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

Land development is a dynamic and lucrative field that offers tremendous opportunities for those with the knowledge, skills, and determination to succeed. However, breaking into this industry can be challenging, especially for newcomers. In this episode, we will explore the blueprint for landing your first land development deal with our guest, Carina Guzman, highlighting fundamental principles, strategies, and insights that can help aspiring developers achieve their goals. What you will learn from this episode: Gain insights into the captivating world of real estate investing and learn how it could alter your financial landscape. Discover what it takes to transition from your current job into full-time real estate investing, a move that could unlock unthinkable potential. Uncover the secrets to success in land development and transit-oriented opportunities, which could be the golden ticket to your financial freedom. Immerse yourself in the stories of challenges and failures in real estate and understand how they can shape you into a resilient investor. Learn how to analyze real estate markets and city plans for profitable development opportunities and get ahead of the competition. Carina is an accomplished real estate investor whose portfolio and commitment to growth have made her a trailblazer in land development. Working with an unflagging spirit, she delved into real estate investing with the energy and commitment she once dedicated to her corporate career. Despite the challenges she faced, her determination never wavered. She was particularly drawn to properties close to transit, appreciating their potential and the city's initiatives towards intensification. Her first project was a double lot close to a station, which she bought through an estate sale. Although she initially had not made a clear plan for the property, her interactions with other builders and developers opened her eyes to the possibility of flipping the property once the permits were approved. This realization led her to a highly successful venture that doubled her salary and ignited her passion for real estate. Carina found financial success and a sense of purpose and fulfillment in her quest to live the life she truly desired.   Topics Covered:00:00:00 - The Importance of Lifestyle Design,  00:02:57 - Taking a Leap of Faith,  00:06:55 - Motivation to Leave the Corporate World,  00:08:37 - Lifestyle Design and Goal Setting,  00:12:00 - First Land Development Deal,  00:15:14 - The Beginning of Carina's Land Development Journey,  00:16:22 - Finding Purpose and Networking,  00:19:23 - Learning from Failures,  00:25:19 - Starting with the Source,  00:29:26 - Being Thoughtful and Strategic,  00:31:03 - Shifting Strategy in Land Development,  00:35:22 - Doing What Excites You,  00:36:52 - The Currency of Excitement,  00:38:57 - Taking Action and Finding Support,    Connect with Carina Guzman: Linkedin: https://www.linkedin.com/in/carina-guzm%C3%A1n-04647996/ Instagram: https://www.instagram.com/creative.dev.ventures/ Facebook: https://www.facebook.com/carina.guzman.946 Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths

Scaling a portfolio is a critical aspect of investment success. Whether you are a seasoned investor or just starting, the goal is to expand your portfolio strategically to maximize returns and mitigate risks. Traditionally, many investors have relied on Joint Venture (JV) partnerships to achieve this, pooling resources with other investors to access more significant opportunities. However, there is a growing trend of individuals and entities seeking to scale their portfolios without needing JV partners. In this episode, we will explore the key strategies and principles for achieving portfolio growth without the involvement of JV partners, with insights and expertise from Myuren Chanthirakumar, an accomplished investor and portfolio strategist. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Acquire compelling strategies and insights that are revolutionizing the arena of real estate investing. Acknowledge the tremendous impact personal capital can have on the outcomes of your real estate investments. Master creative financing options and overcome your income limitations, irrespective of your current financial situation. Ascertain the overlooked differences between residential and commercial appraisals to make astute investment choices. Unravel the significance of cap rates in property valuation, providing you with an indispensable tool in investment assessment. Safely navigate current market tides and understand why a portfolio of smaller properties could be your best investment yet. Myuren Chanthirakumar is a real estate investor who achieved remarkable success shortly after graduating college. With a background in commercial property appraisal, he identified opportunities in underperforming properties and raised their rental income and value. He owns 13 properties with approximately 40 rental units without joint venture partners. His journey began in 2018 when he transitioned from a traditional corporate job to becoming a commercial appraiser. His experiences in the industry sparked his interest in real estate investing, and he mastered the art of buying underperforming assets and employing creative financing techniques. Within two and a half years, he built an impressive portfolio. He emphasizes the value of sole ownership and believes in the real estate market's power of determination and innovative thinking. Topics Covered:00:00:00 - The Importance of Having Capital in Real Estate Investing, 00:01:43 - Introduction to the Guest, 00:02:27 - Overcoming Early Challenges in Real Estate Investing, 00:07:59 - Understanding Residential and Commercial Appraisals, 00:14:44 - Understanding Cap Rates and Net Operating Income, 00:15:49 - Comparing Cap Rates for Different Property Types, 00:16:57 - Importance of Property Quality and Tenants, 00:19:30 - Pivoting Strategies in the Current Market, 00:28:17 - "Conclusion and Farewell" Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Myuren Chanthirakumar: Linkedin: https://www.linkedin.com/in/myurenc/ Twitter: https://twitter.com/myurenc    

The construction phase of multi-family property development can often be a balancing act between managing costs, staying on schedule, and ensuring quality work. Successful construction management involves leading and coordinating tasks, from supplying materials and labour to risk management and quality control. It requires a thorough understanding of the construction process, market rates, and sound budgeting practices. In this episode, Ronald De Coteau shares from his experience as a construction manager the importance of insurance coverage and the ability to handle challenges. He stresses the necessity of effective communication between investors and contractors for efficient project management, including discussions on modifications and considering cities' financial capacity for building permits.  Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Unearth the immense potential of real estate investing and how it contributes to wealth generation. Decode the complex maze of zoning regulations and learn to select property like a pro. Master design optimization that maximizes profits in property development. Chart your way through the challenging process of obtaining building permits. Hone your communication skills for effective coordination with building departments and contractors.  Introducing Ronald De Coteau, a remarkable individual with a rare combination of architectural expertise and practical experience in real estate investing. From an early age, he was captivated by the intricacies of the real estate industry, and this fascination ultimately propelled him into a journey of discovery and success in property investments. His path began when he decided to purchase his very first home. During this process, he became acutely aware of the lack of knowledge surrounding property conversion—a realization that only fueled his determination to uncover the hidden potential within real estate. Rather than allowing this obstacle to discourage him, he took a deep dive into the subject, actively educating himself on navigating building departments and collaborating with contractors. Driven by his passion and unwavering commitment, he went on to establish his thriving enterprise, aptly named Property Pathways. Through this venture, he has amassed a wealth of practical experience and developed a profound understanding of the intricacies involved in property investment and conversion. Ronald's unique architecture background has given him a keen eye for design and an acute sense of space, enabling him to envision innovative possibilities for transforming properties into valuable assets. His entrepreneurial spirit, coupled with his expertise, has paved the way for the creation of remarkable spaces that harmoniously blend aesthetics, functionality, and profitability. Topics Covered:00:00:00 - Introduction, 00:03:38 - Pursuing Education and First Property Purchase, 00:06:20 - Getting Into the Business, 00:08:05 - First Investment Property Experience, 00:12:51 - Taking Risks and Seizing Opportunities, 00:14:49 - Importance of Zoning and Investing Goals 00:15:47 - Maximizing Profits through Design 00:17:41 - Construction Management and Budgeting 00:19:04 - Importance of Speaking the Language of Construction 00:29:20 - Building Permit Application Fees, 00:29:57 - Levies and Development Charges, 00:30:46 - Pitfalls in Real Estate Development, 00:34:44 - Challenges of Zoning, 00:36:04 - Importance of Choosing the Right Contractor, 00:43:26 - Introduction and Highest and Best Use, 00:43:39 - Additional Opportunities for Investors, 00:44:22 - Historical Context and Legislative Changes, 00:45:17 - Impact of Bill 23, 00:48:37 - Small Scale Real Estate Development, 00:57:04 - Property Pathways Strategy, 00:57:27 - Risk-Free Process, 00:57:55 - Appreciation and Information Sharing, 00:58:09 - Gratitude and Encouragement, 00:58:23 - Conclusion, Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ronald De Coteau: Website: https://www.propertypathways.ca/ Linkedin: https://www.linkedin.com/in/propertypathways/ Instagram: https://www.instagram.com/propertypathways/   

Having a successful career requires more than just a single source of income. It takes multiple income streams to build wealth and secure financial stability. However, in order to do this effectively, it's important to have a strong personal brand that resonates with your audience. Building a brand can be a daunting task, but with the right strategies and mindset, it can be achieved. In this episode, Reni will help us  explore the importance of building a personal brand and having multiple income streams, and provide actionable tips on how to do so. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Discover how developing a powerful personal brand can help you attract the ideal opportunities. Find out the benefits of a solid financial plan that empowers you to create long-lasting generational wealth. Explore various investment options that can aid you in generating diverse income streams. Reni Odetoyinbo is a content creator, marketing consultant and finance enthusiast based in Toronto, Canada. On her YouTube channel, she shares resources around career development, lifestyle and financial literacy. After buying her first house at the age of 23, she decided to share her knowledge with others with the goal of helping people understand “adulting”. She helps them become more financially literate and share tips to help them excel in their careers. From finance to career and lifestyle content, she aims to make complex topics simple. Connect with Reni Odetoyinbo: YouTube: https://www.youtube.com/c/xoreni Facebook: https://www.facebook.com/xoreni1 Twitter: https://twitter.com/xoreniii Instagram: https://www.instagram.com/xoreni/ Topics Covered: 03:18 - What got her into content creation 04:58 - Crafting your personal brand to attract the opportunities you want 07:08 - Approaching social media with a clear goal in mind as real estate investor 09:50 - How to stay consistent with your content posting [and finding inspiration for creating content] 12:54 - Looking at her real estate investing journey and how she got her first investment property [and how it went about] 16:19 - Important considerations when buying pre-construction properties 20:05 - What she plans to do next with her portfolio given the high interest rates 21:18 - Lesson learned about real estate from a Netflix show 23:48 - Her insights on having sound financial plan as it relates to generational wealth building 26:02 - What she would have done when she was younger and her advice to herself 28:09 - Something exciting she looks forward to in the soonest time Key Takeaways: "Whether you know your brand or you don't know your brand, you have one. So make sure that you are in control of it and craft it so that the right opportunities can come to you." - Reni Odetoyinbo  "Look at what is trending right now. You can even use Google Trends, which tells you exactly what is trending at this current time. Those are a few ways that I stay consistent and come up with ideas[for content creation]." - Reni Odetoyinbo "Having a sound financial plan could not just set you up for success, but also your kids and your kids' kids." - Reni Odetoyinbo "A basic budget would be the beginning of personal finance."- Reni Odetoyinbo "A lot of people see budgeting as restrictive but I really think that people should see it more so as something that empowers you." - Reni Odetoyinbo Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Life insurance is often seen as a safety net for unexpected events, such as death or illness. However, it can also be utilized as a tool for long-term wealth building. By understanding the different types of life insurance policies and how they work, you can leverage them to create a financial strategy that can benefit your loved ones and your own financial future. In this episode we will explore the various ways in which life insurance can be used to build wealth over time, and why it may be a valuable addition to your overall financial plan. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Discover why life insurance is a significant tool in wealth creation. Understand the generational mindset that hinders people from obtaining life insurance. Uncover the advantages of life insurance beyond just its coverage for death. Armed with professional expertise and a passion for financial independence, Nicole Simons has forged a reputation as a knowledgeable and empowering financial educator.  As a Wealth Management Advisor and part owner of CPN Financial Services Ltd, Nicole assists her clients with a range of financial needs. From life insurance and investments to retirement planning and educational savings plans, Nicole helps individuals and families navigate integrated wealth management solutions to achieve their goals.  Nicole holds a Communications degree from York University, and a Marketing diploma from George Brown College. She was inspired to enter the world of financial entrepreneurism by her father, a successful insurance broker in his own right. Seeing the power of financial independence firsthand, Nicole was motivated to offer the same guidance to others. With her innate ability to create genuine connections and her precise professional efficiency, Nicole takes a holistic and personal approach to financial planning and wealth building that resonates with her clients. If you want to learn how to better make your money work for you, or you need help achieving your financial goals, Nicole Simons is here for you. Connect with Nicole Simons: Website: https://www.cpnfinancial.com/ Instagram: https://www.instagram.com/advisoronthego/ Topics Covered: 03:00 - Nicole as she describes herself 05:16 - Life insurance in relation to wealth building 07:55 - Seeing interest in younger people giving a go at life insurance 09:27 - Figure out firsthand your goal for getting life insurance 10:12 - Two types of insurance and the coverage they provide 12:14 -How to grow your policy in value leading up to the death 14:44 - Generational mentality affecting life insurance decisions 15:29 - Why life insurance is not a guaranteed option, who it's truly meant for, and why it's essential to have even with no dependents 19:21 - Life insurance for children is also available and has its advantages 21:32 - Living benefits not just death aspect of life insurance and the trends coming up after COVID 26:35 - Nicole's financial literacy initiatives that are impacting society 27:30 - Nicole's inspirational parting words Key Takeaways: "It [Life insurance]can definitely leave wealth behind; it's not just about final expenses." - Nicole Simons "The generational mentality that has come before you has a lot to do with how you see life insurance." - Nicole Simons "No one cares to look into life insurance until something happens." - Nicole Simons "Life insurance is just having something in place ahead of time; we all know our birth date. We do not know when we're leaving this earth." - Nicole Simons "There's a lot more questions involved in how to use life insurance not only as just the death benefit aspect, but as a living benefit." - Nicole Simons Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Investing in multi-family properties can be a lucrative move, but when it comes to cross-border investing, things can get a bit more complicated. Between navigating different laws and regulations, understanding market dynamics, identifying the right opportunities, and finding financing options there's a lot to consider. However, for those willing to do the work, the rewards can be significant.  In this episode, we'll explore some of the key elements involved in cross-border multi-family investing in the US and offer insights into how to become a successful investor overseas. Whether you're a seasoned investor or just starting out, this episode will provide valuable information to help you make informed decisions and maximize your returns especially in a market situation we have at this time. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Find out what it's like investing in the US market [ the challenges you can possibly face as well as the great reasons for investing there] Learn about significant lessons from a first investment so you understand how to capitalize on your strengths and avoid potential deals that are not your forte. Understand how mentorship and social media play a major role in your real estate investing business. Manny Shiferaw is a registered Nurse by trade and now full-time Real Estate Investor, Manny made the jump into real estate after building a 13+ unit portfolio.   Today, his focus is on expanding investments into the USA to leverage the wealth of value-add opportunities to achieve high ROI. When Manny isn't investing in real estate, you'll find him staying on his game at the gym or spending time with his wife, Michelle, and dog, Honey.  Connect with Manny Shiferaw: Website: https://www.refinedrealestate.ca/ Instagram: https://www.instagram.com/shifproperties/ More info: https://linktr.ee/ShifProperties Topics Covered: 02:44 - Sharing about his family background and how they get to live in Nova Scotia from Ethiopia 03:50 - From a day trader to a real estate investor 05:57 - Qualities that he is able to take over to his real estate business from her nursing job 07:13 - What his first investment looks like and the lessons he took away from that deal 09:59 - Establishing his end-goal early on when he started 09:26 -Diversifying his portfolio by investing in the US market and significant insights to take away from 12:57 - Essential factors you need to watch out for when investing remotely 14:08 - Challenges he faced as well as the best thing about investing in the US 15:53 - Important thoughts on the current interest hikes in the market 17:54 - Overcoming analysis-paralysis especially in the current market [and what makes a successful investor] 20:08- How coaching and mentorship quickens results for you 22:48 - Leveraging social media for your real estate business 24:10 - What he would have done in the early years when he started investing 25:18 - How networking helps you scale up faster 26:23 - What's in his pipeline at the moment and how people can reach him Key Takeaways: "How we were able to kind of really pick the spots because obviously I'm not there. I've talked to multiple realtors and multiple property managers that are there to kind of give me the lay of the land."- Manny Shiferaw "You have to know your numbers, you have to know your areas, you have to have the right power team, especially important in America when you're doing long distance." - Manny Shiferaw "But the beauty of America, though, compared to Canada, there's so many different kinds of lenders. You can find almost any lender to do what you want." - Manny Shiferaw "Interest rates do make it trickier because numbers can be tight but that's when you have to get creative." - Manny Shiferaw "Don't just wait for that perfect no-brainer deal to just fall on your lap. If you can get a decent deal in this market that can cash flow somewhat on the buy, imagine when interest rates go down." - Manny Shiferaw "I would say, take action no matter what. But at the same time you just have to understand your numbers." - Manny Shiferaw "Coaching, if you have the right coach, can really accelerate you in every rich way." - Manny Shiferaw Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Success is not a coincidence, but rather a result of intentional design towards the life you want to live. Achieving financial success requires taking action and not simply letting life unfold. And investing in real estate can offer the most effective route to achieving financial freedom. In this episode, Alfonso doubles down on this significant message that success is not a matter of luck. It's a matter of design. If you want to achieve financial freedom, you need to take control of your life and design your own path to success. Set clear goals, create a plan, invest in yourself, surround yourself with positive influences and the right people, and take action every day. And with dedication, focus, and hard work, you can create the life you truly want. For him, this cannot be emphasized enough as education and mentorship are crucial to developing good habits early on and cultivating an expansive mindset as you scale your business. His insights are worth anticipating; his perspective on today's market is optimistic, as he sees numerous opportunities emerging despite the ongoing recession. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Discover how you can turn your fate around and push towards achieving success. Learn to create 'success by design' and make things happen instead of just letting life happen to you. Find out why today's recession presents massive opportunities for people in real estate than any other investment class. Alfonso Cuadra is the master of showing managers and sales teams how to soar their results by teaching them how to go deeper than standard sales tactics, scripts and processes. His revolutionary insights into how to connect with purpose and give real value to prospects will have your team increasing their close rates in record time. Alfonso is a serial entrepreneur, real estate investor, speaker, author of the 2012 book From the Ground Up!, success coach, and philanthropist who has been seen in Readers Digest, the Ottawa Sun, Vancouver Sun, Rogers TV, New York Times and many more. Born in El Salvador during the revolution, his mother, the head of the newspaper, was arrested for reporting the truth to all about the corrupt government in power. After escaping to Canada and being raised in poverty, at 17 years old, he started a small company that quickly grew to multiple locations across Canada. He is the President/CEO of the Cuadra Group of Companies and has an extensive background in business and Real Estate Management, Investing, and Development. Alfonso is a TV Personality and is the host of a TV show called “Success By Design” and is dedicated to showing others how to overcome their obstacles and become high performers. He has shared his story with thousands of audiences around the world. He is a dynamic leader that is passionate about sharing his story and inspiring others to create the life they want and to never give up on their dreams. He truly is in the business of changing lives and has a special gift in his ability to connect with people and move them forward. Connect with Alfonso Cuadra: Website: http://alfonsocuadra.ca/ LinkedIn: https://www.linkedin.com/in/alfonso-cuadra-75463615/ Instagram: https://www.instagram.com/alfonsocuadra/ Topics Covered: 04:40 - There's always a way to find opportunities [His life before and as an immigrant in Canada] 07:42 - What drives a business's success? 10:11 - A discovery that impacted his investing mindset 18:32 - What he would have told a younger Alfonso when he was just starting years back 21:45 - Overcoming failures and struggles and turning things around [plus how to avoid distractions and get fixed on where you're going] 26:20 - What it means to have Success by Design 31:11- Great advice for those just starting out and those who have few properties under their belt [plus takeaway from Alfonso's success and failures--finding your fulfillment] 38:08 - Putting value in education, mentorship, and coaching 40:53 - Why you should relax when the market goes up and down and why today's recession presents tons of opportunities Key Takeaways: "If you can find a purpose for whatever the goal is, you're gonna become unstoppable." - Alfonso Cuadra "I discovered that the wealthiest people in the world all have one thing in common --- Real Estate." - Alfonso Cuadra "The idea of business and real estate gives you an unfair advantage over everyone else." - Alfonso Cuadra "Whoever's listening to this and you're not investing in real estate, or you haven't taken action, you haven't missed the bus, the window of opportunity has arrived,  especially now in 2023, the average person can build wealth." - Alfonso Cuadra "Belief comes from taking massive action and getting the results." - Alfonso Cuadra "I wanted to be around the wealthiest people in the world, because success leaves clues and I'm only gonna listen to the people that have the results that I'm looking for." - Alfonso Cuadra "Cut those ties faster. I would say scale faster, grow faster, go bigger faster. " - Alfonso Cuadra "There are people that accept life, and there are people that make life happen. And that is success by design." - Alfonso Cuadra "If you're just getting started right now, get educated so you don't build bad habits and you live in expansion." - Alfonso Cuadra Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Are you considering investing in pre-construction real estate but you're worried about the current economy? Despite the challenges, pre-construction as an investment strategy offers a way to maximize your buying power and potentially reap big rewards. Although the pre-construction process may appear daunting and intimidating, understanding the fundamentals and following accepted practices can reduce risks and increase your likelihood of success. In this episode, Jayden outlines three tactics for preconstruction investors to generate income, as well as tips to increase your purchasing power. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Discover essential guidance for making investment choices and top tips for buyers and sellers in today's market climate. Uncover strategies to gain money as pre-construction investors even with today's interest hikes. Stay informed of market trends and forecasts to find better opportunities for success. Jayden Kennedy is a Real Estate Broker who was born and raised in Durham Region. She has spent most of her life engaged with the community through leadership, volunteerism and sport. While attending the University of San Diego in California on a volleyball scholarship, Jayden became interested in real estate and obtained her license when she returned from playing professional volleyball overseas.  Jayden is extremely passionate about bridging the gap between financial literacy and real estate acquisition so that people, especially those within marginalized communities, can build generational wealth through real estate. Her ultimate goals are to 1) both empower and inspire those around her and 2) normalize financial conversations at the dinner table. Connect with Jayden Kennedy: https://linktr.ee/JaydenKennedyRealEstate Topics Covered: 03:20 - From a volleyball player to a real estate investor 05:06 - Taking a look at her second deal [How being resourceful got her a second investment deal] 06:52 - Couldn't emphasize enough the value of networking 07:08 - One big advice she would give herself early on in her investing journey [creating a financial plan and relationship with money] 08:34 - How financial literacy sets you up for success in life 09:52- Top tip you can do to get into the market even with today's interest hikes [plus some market trend forecast for the coming year] 12:31 - Significant advice for buyers and sellers at the current market 14:04 - Seeing things on a brighter perspective when it comes to property appreciation 14:51- Pre-construction versus resale strategy [and finding discounted properties in today's market] 15:37 - How to make money as pre-construction investor 17:41 - Resources to widen your knowledge on pre-construction and resale strategies [plus valuable advice to purchase cheapest pre-construction deals] 18:31 - Key considerations when buying pre-construction properties [plus ensuring your peace of mind and employing quality contractors] 22:29 - Addressing essential pre-construction regulations [inclusionary zoning] 25:46 - Jayden's overall goal when it comes to her real estate investment journey and what you can take away from what she shared 28:12 - Idea for expansion and accelerating your building of wealth Key Takeaways: "If you cannot qualify on your own, one of the ways in which you can get into the market is through joint ventures." - Jayden Kennedy "My biggest piece of advice is to create a relationship with not only, one, your spending habits and understand what your spending habits are, but, number two, creating a relationship with your credit." - Jayden Kennedy "A lot of people think that we're experiencing a crash. I'm simply saying it's a correction. And the main issue is not that there's a lack of demand, there's a lack of people who can actually qualify due to the interest rates." - Jayden Kennedy "It would make more sense to purchase a resale property, have that appreciate for the five years that these condos are gonna be completed." - Jayden Kennedy “If you are a buyer, now might actually be a good time to purchase an assignment, which is where someone sells their contract to you prior to it completing, because you'll be able to get a newer unit at a discounted price because these are distressed purchases.” - Jayden Kennedy "If you are looking to purchase a pre-construction development, number one, you always wanna ensure that you're purchasing during the first round because that is going to be the absolute cheapest.” - Jayden Kennedy Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/  

Real estate investing has long been seen as a safe, sound, and reliable form of investment. But a market correction can have a big impact on real estate investors, leaving many feeling overwhelmed and wondering how to thrive in a market downturn. There are periods of time when prices dip which can result in losses. While this can be a difficult time for real estate investors, it doesn't have to be the end. It's important to take a step back and assess the situation. It's a good idea to keep tabs on the market and know when to adjust your strategy. It's also essential to be creative. By following a few simple tips, investors can survive market corrections and come out ahead during various market conditions. In this episode, Austin Yeh shares key insights to consider when finding deals in today's market so that you can be successful in your projects. He reflects on the most difficult challenges he faced and the important matters he needed to address in his investing journey, providing valuable lessons that can be applied to running a successful real estate investing business. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode: Learn about creative strategies where tenant issues are concerned and win in your deals. Understand why location matters and know important tips when getting insurance. Know how to find opportunities amidst risky markets. Austin Yeh  is an experienced real estate investor, owning and controlling multi-million dollar assets under management at the age of 25. He co-founded Ontario Property Deals which uses proprietary marketing systems to find off-market, private, and discounted properties for real estate investors and fix-and-flippers. Scaled the business to be a 7-Figure revenue business with multiple full-time employees within the first year of operations. He also founded the RISE Network community, one of the largest real estate investor groups in Ontario for aspiring, intermediate, and advanced real estate investors. At the same time co-founded the RISE Real Estate Investing Podcast, a top ranked Canadian Real Estate podcast which aims to educate and inspire the everyday person to take control of their financial future through real estate investing. He is a University of Toronto Graduate specializing in Finance and maintaining an academic excellence (3.89 cGPA) while taking on executive roles in (inter)national organizations. He has a versatile skill set in a multitude of areas achieved by working in consulting, auditing, financial planning, and data and analytics (D&A). Connect with Austin Yeh: Website: https://linktr.ee/austinyeh6 Instagram: https://www.instagram.com/austinyeh6/ Facebook: https://www.facebook.com/jaydenkennedyrealestate/about YouTube: https://www.youtube.com/watch?v=gmth6uO_mnk                         https://www.youtube.com/watch?v=YwwQEdoj9mk&t=3s                        https://www.youtube.com/watch?v=ZlWDY84oMYo                       https://www.youtube.com/watch?v=2HkEJ7OOV_w  Mastermind: https://www.youtube.com/watch?v=2HkEJ7OOV_w Magazine: https://magazine.utoronto.ca/people/alumni-donors/the-property-guy-austin-yeh/                            https://torontolife.com/real-estate/young-investor-success/   Topics Covered: 04:07 - What he would do now if he were to start investing all over again 08:25 - Facing a major challenge that tested his spirit but one where he got the most significant learnings 13:59 - What you should need to know about tenant laws, and important tips on location, and getting insurance 16:57 - Important points you need to think about when doing flip deals in today's market 19:12 - Creative conditions you can employ when dealing with multifamily properties [and how responsive are sellers when it comes to cash-for-keys clause] 21:00 - What his successful deals look like 22:17 - Mitigating issues involving tenants in cash-for-keys properties 26:22 - Resources to help you with market trend updates so you are in control of the situation 29:36 - Anticipating job losses in this downward market and how to pivot to stay afloat 32:42 - Seeing opportunities and avoiding risky markets in this time of volatility 35:16 - Helpful insights for how the market turns out in the coming months 40:23 - What he says to newbie investors who are taking it to the next level in their real estate investing business [the value of mentorship and coaching] Key Takeaways: "If I was starting off investing again today, I would build that network of investors so you have someone to lean on as you go through that journey."- Austin Yeh "For a lot of us, we follow a ton of social media influencers in the real estate space and everyone tries to grab the social media influencers' time. But that's not really the people that you should be reaching out to. Reach out to the people who have maybe one or two more properties more than you who are just slightly more experienced, but can still have the time to build a stronger relationship with you." - Austin Yeh "One thing to be cognizant is the tenant laws."- Austin Yeh "I can't stress enough that you wanna invest in a good location. And even if you choose to not invest in a great location, just make sure the current tenant quality is okay."- Austin Yeh "One of the big things for me is that when I'm doing a deal, the numbers need to make sense off the bat. It needs to cash flow from day one." - Austin Yeh "I need to see a clear exit usually within six months, ideally less than six months. I feel like the longer you are in the market, the more exposed you are to the fluctuations, especially with the uncertainty of everything going on." - Austin Yeh "One of the big things I've been shifting towards in 2023 is to do less single-family homes and more smaller multi's where I can diversify the income among multiple people." - Austin Yeh Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

The real estate market is constantly evolving, and with the current economic climate, investors need to be even more mindful of their strategies and decisions. Navigating today's real estate investing market can seem daunting, yet there are ways to gain an edge. And making the right decisions and investing in the right markets is key to success, and there are a few key factors to consider when looking to invest in real estate. In this episode, Mayu Thava helps us explore what investors need to know to make informed decisions and capitalize on current opportunities. With the ever-changing market conditions and the potential for both profit and loss, it's important for investors to stay informed on the latest trends and strategies. While it's important to identify the best investments, it's also important to spread out the risk across different types of investments. This way we maximize our potential for success especially in today's downward market. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Learn to stress test your properties so you manage risk and future losses. Find out which strategies to stay away from to minimize risk while still potentially achieving strong returns even in today's market. Understand the value of due diligence and risk mitigation especially now with the current  market situation. From a young age Mayu Thava was interested in real estate, the gleaming apartment buildings in the suburb he first lived in, to the acres of farmland, fix and flip tv shows and stores of wealth created through real estate – it all amazed Mayu. So it was natural that Mayu began his real estate journey in 2015 immediately upon graduating from his undergraduate degree. As a new undergrad he followed the conventional way of investing, purchasing two pre-construction properties. Soon after, realizing the illiquid investment was not meeting his needs, he purchased a cash flow negative investment property in the greater Toronto area. This was the beginning of a series of lessons which allowed Mayu to develop the real estate knowledge, wisdom and expertise that he has today. Beginning in 2018, Mayu explored the merit behind the BRRRR method of real estate investing. After having moderate success in the Greater Toronto Area, he began to focus on true cash flowing assets in tertiary markets. Mayu tested the Windsor market with a single-family home and quickly validated his expectations for the region. Seeing the opportunity currently present in the Windsor market, Mayu knew there was an arbitrage opportunity that required quick aggressive action. With the help of investors, Mayu has quickly scaled his portfolio in Windsor to benefit from the arbitrage opportunity, while benefiting from economies of scale. Along the way, Mayu has participated in wholesale (opportunities where off market properties are purchased, closed and sold on market within a short period of time) and fix and flips on homes he does not intend to keep long term. This has allowed him to create quick wins for some loyal partners along the way as well with attractive returns. Today, Mayu is a member of a mastermind and coaching program to the tune of low 5 figures which allows him to leverage his network of investors, coaches and mentors. He is focusing on helping other investors achieve similar results through a podcast he co-hosts (RISE Real Estate Investing Podcast), individual coaching calls and more. Through focusing on the velocity of both his own and his investors capital, Mayu has amassed a portfolio of 20+ properties, 30+ units with single family homes up to fourplexes. He continues to purchase larger multi family properties, actively identifies and flips real estate and acts as a private lender to other investors for attractive returns. Connect with Mayu Thava: Instagram: https://www.instagram.com/mayu.thava/ LinkedIn: https://www.linkedin.com/pulse/retiring-from-your-9-5-mayu-thavarajah-cpa-ca/ Topics Covered: 03:44 - What he would have done differently when he started out in real estate investing 05:49 - Let's take a look at Mayu's latest deal and how things are going with it, lessons learned and insights from it 10:51 - Investor's reward for the problems they solve  12:48 - Major constraints that you have to be aware of in a downward market [cashflow and qualifying] 17:35 - The value of rebalancing and reassessing your portfolio at this time 19:09 - Great tips you can do to lessen the blow  19:56 - What you need to stay away from in today's market if you're a newbie investor [the idea of risk diversification] 22:22 - What is private lending and what are the key considerations if you're new into this stuff? 25:58 - Assessing ARV in the current market [as-is appraisal and as-if completed appraisal] 28:27 - What is a MIC and understand how it works 31:00 - What MIC stands for 32:15 - Due diligence required for private lending versus MICs 35:03 - Talking about his competitive advantage in this industry and what he's up to these days with regard to the real estate space Key Takeaways: “Investors get rewarded for the risk and problems they solve.” - Mayu Thava “Prices haven't come down nearly as much as people's qualifying power has gone down.” - Mayu Thava “I think you got to look at your risk profile. How much liquidity do I have?  If the answer is at least one or two years, I think you have to strongly think about just taking the losses today, because you don't know what the losses will be tomorrow.” - Mayu Thava “I think new investors stick to easier to manage projects.” - Mayu Thava “Pulling together assets and funds is a great way to risk manage.” - Mayu Thava “Focus on trying to find good partners to partner up with and pool funds together. You've naturally got a little bit of risk diversification here.” - Mayu Thava “Do your own due diligence, and get into private lending very cautiously in the current market. It was easy to repay private lenders in the last five years. But in the last six months, not so much.” - Mayu Thava “It's just something to be careful of to make sure that if you invest in a MIC, assess that MIC's liquidity, their financial statements. Don't be afraid to ask for them as well, especially if you're investing in it.” - Mayu Thava “Focus on a few things rather than taking on too many things.” - Mayu Thava Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths   Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/  

Many of us have a misunderstanding about investing in land development, which is the misconception that we need a large sum of money to get started. However, investing in land development can be one of the most lucrative and rewarding investment opportunities available. Not only can land development investments provide high returns, but they can also be a great way to create wealth. With the potential for greater returns than other asset classes, investing in land development can be the best way to diversify your portfolio. In this episode, Thalia shares valuable insights on how investing in land development is not as daunting as one might think. She provides essential tips and advice to those considering investing in this space, making it easier to understand the process and get started. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Unlock the potential of land development without breaking the bank and discover creative ways to finance land development. Learn the best tips to maximize your potential returns when investing in land development. Understand the mindset about wealth creation in real estate investment. Meet Thalia Cuadra, a woman who decided to start her real estate journey a year ago.Thalia is a dedicated and motivated individual who believes in the power of hard work, determination, and taking action. She has a passion for real estate and loves the thrill of the hunt when it comes to finding the perfect investment property. Unlike many who enter the industry as brokers or agents, Thalia began by investing in real estate to create long-term passive income and build her portfolio. Through hard work, education, and business partnerships, Thalia has successfully purchased 13 units within a year, significantly increasing her net worth.Thalia is always looking for ways to improve and expand her knowledge in the field of real estate. She is constantly seeking out new opportunities to network with like-minded individuals and attend seminars and workshops to learn new skills and techniques. In addition to her success in real estate, Thalia has also found fulfillment in starting her coaching business. She is honest with her students about her own learning and growth while encouraging them to take action and hold her accountable. For Thalia, taking consistent action has been the key to achieving her goals and making her dreams a reality. With her determination, work ethic, and passion for real estate, Thalia is sure to continue achieving great things in both her personal and professional life. Connect with Thalia Cuadra: Instagram: https://www.instagram.com/investwiththalia/ Facebook: https://www.facebook.com/thalia.cuadra.35/ Topics Covered: 03:35 - How Thalia got started in real estate 12:31 - The best thing about land development and what you need to know about it 14:56 - Going through the land development process and the first thing you need to do at the get go 18:20 - Important insights from Thalia's first land development deal 24:12 - Placing value on the power team and due diligence 25:16 - Valuable tips to consider when thinking of land development 26:36 - How useful is the recently passed Bill 23 for those deciding to invest in land development? 30:27 - Important advice when investing in land development 34:05 - What keeps Thalia busy these days when it comes to the real estate space?   Key Takeaways: "The biggest wealth transfer is the mindset, it's not really the assets or the money, it's the skill set that you need to sustain that legacy. "- Thalia Cuadra "It took me about a year to really get in the game, I went on multiple walkthroughs, I network with different realtors kind of got familiar with the space and my market, essentially."- Thalia Cuadra "Throughout my journey, I've learned that money is never really the issue. partnership, networking, in land development is a huge thing."- Thalia Cuadra "The great strategies with development is basically that you have multiple exits, before it can even be built." - Thalia Cuadra "Get familiar with the neighborhood you're investing in because people living there can tell you a lot more than you probably think." - Thalia Cuadra   Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Employment never assures us of security. Even with many years of experience and time spent with a company, things are never certain. Sometimes, one day you find yourself being let go, and that's the end of it. That adds to the financial dilemma besides going through the stress of losing your job and finding a new one. Engaging in real estate investing gives you financial freedom. Even with a full-time job, you can always do real estate on the side and eventually focus on it when the time is right. How can a newbie like you get started and do well in real estate amidst the current market situation? In this episode, Deborah Ojo shares what her journey was like shifting from teaching to becoming a real estate entrepreneur earning her a multi-million dollar business and opening doors for her to pay it forward, so others are given the same opportunities that she is enjoying now. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode: Find out how you can create a fallback plan and multiple income streams even with a full-time job. Learn about the upsides to high market interest rates and the strategies that will help you earn well despite the setbacks. Discover how you can not only make but also keep your money in real estate. Deborah Ojo of Deborah Homes is a multi million dollar real estate investor and an award winning real estate broker devoted to serving the needs of real estate buyers and sellers throughout the Greater Toronto Market . When she's not investing into real estate herself, she is helping her clients start or continue to achieve their financial freedom through Real estate. Just as the industry has evolved to become more innovative, so have Deborah. Her clients know her for her honesty, highest level of client service and 100 % determination to help them achieve their goals no matter what. Her clients can count on nothing less than an executive experience with an intimate knowledge of the GTA market. She has also built an incredible network of fellow agents that makes Deborah Homes a natural repertoire of dynamic qualities that set them apart and enable her to successfully procure the goals of the buyers and sellers she represents. Connect with Deborah Ojo: Website: https://deborahomes.com/ Topics Covered: 03:14 - Getting multiple income streams: thinking of deployment versus employment 05:01 - How you can have a fallback plan 06:02 - Transitioning from being a teacher to a real estate entrepreneur [making a good ROI on her first investment property] 08:58 - Applying her teaching skills to the real estate space 10:26 - Market trends and forecasts you should be aware of this year 2023 16:05 - What you can look forward to despite the high market interest rates 18:00 - What is private lending, and how does she vet other investors to partner with her? 21:23 - Collaterals Deborah uses for private lending [discussing promissory notes and second position mortgage] 24:30 - What you can do as a newbie investor who is looking for private lenders to fund a deal 27:35 - Talking about her passion for giving back in the real estate space [opening opportunities for others to have financial freedom] 32:07 - What's coming up next for Deborah in the real estate aspect and what she keeps doing to give back to the community Key Takeaways: "Stick to the fundamentals because we really don't know what's going to happen." - Deborah Ojo "Different strategies apply to different markets."- Deborah Ojo "Real estate is not only about making money; it's about keeping the money as well." - Deborah Ojo "Be strategic in employing all these other strategies; strategies help you to be more tax efficient in dealing with your wealth and your portfolio." - Deborah Ojo "A second mortgage guarantees your money better than a promissory note; you want to be careful of promissory notes. I've done it only for people I've worked with before. But I still have a personal guarantee on their other assets."- Deborah Ojo Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/    

We look forward to what this year has to bring with hope and excitement, but we also never forget to reflect on the year that was, relishing the experiences we had and what they taught us. In this episode, Mario and Ron discuss what it takes to be in the real estate investing business. In addition, they share with us their 2022 investment deals and projects, challenges they overcame, and valuable lessons learned. As real estate investors who continue to grow their portfolios, let's hear them talk about what's coming up for them in 2023, the strategies they have in place, and how they continue to deliver value in the real estate space. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Topics Covered: 01:36 - Mario and Ron's significant learnings in 2022 07:52 - What Mario and Ron would have done differently in their strategies if they were to start again 10:54 - Looking back at these deals and projects that mean so much to Ron [ plus the invaluable learnings from doing these deals] 15:45 - Important thoughts on BRRRRs and flips 16:46 - Mario sharing a successful BRRRR project in 2022 [ plus touching on the value of the power team and due diligence, having a contingency fund and plan] 19:24 - Priorities, plans, and goals for 2023 23:34 - Ways Mario and Ron are delivering value this year 2023 Key Takeaways: "Being comfortable with stress testing our portfolio. Be comfortable with the numbers, more or less. And if the numbers don't work, don't try to massage it; it just doesn't work." - Ron Christopher "A lot of us, we try to focus so much on acquiring that next property. And we don't focus a lot on stabilization and what that would actually look like after we acquire." - Ron Christopher "You probably shouldn't buy anything requiring a lot of renovation just to keep your costs low. And that way you'll be able to refi at a good value." - Ron Christopher "Real estate investing is truly a long-term investment strategy. And it's not a kind of get-rich-quick tactic out there." - Mario Griffiths "In terms of setting goals and thinking about what financial freedom looks like for you? What lifestyle do you truly want to live in 5, 10 years, and worrying less about how -- all the intricate details, and more on the who." - Mario Griffiths "The importance of having a team and obviously due diligence are extremely important, especially when working with contractors for the first time. Because the things that you think might go wrong, likely will. And so you have to ensure that you have that kind of contingency funding in place and a contingency plan." - Mario Griffiths Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/    

At first, everything you do can seem overwhelming. You even doubt yourself, make mistakes, and get confused. In real estate, the same thing can happen. While there are struggles, opportunities are abundant as well. There are ways to get started and seek help. Even without any capital, you can start investing in real estate. This episode discusses Keshera Lyon's strategy for diving into real estate investing without capital. Her experience getting into her first wholesale deal highlights the importance of mindset for overcoming all the challenges you face. In addition, she discussed the importance of considering key factors when analyzing properties to maximize their income potential. With the ongoing high interest rate environment, she discusses ways you can stay afloat. She also recommends strategies that don't require a large amount of money up front and generate steady cash flow if you're considering pivoting. As far as mentorship is concerned, she can't emphasize it enough. It has been instrumental in her success as a real estate investor. There is nothing better than also having a good team on your side. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Find out one smart way to get started in real estate with no money. Learn about finding outstanding wholesale deals that are low-priced. Know what opportunities you can find amidst interest hikes that are happening in the market. Keshera Lyons is the CEO of VHP Inc. She started off in real estate via wholesaling and flipping homes. She's currently exploring property management and arbitrage, but mainly she's focusing on multifamily these days. Connect with Keshera Lyons: Facebook: https://www.facebook.com/Journey2investingRE/ Topics Covered: 00:50 - Who is Keshera Lyons and how she got started in real estate, and what she is focusing now 05:01- Why she jumped into real estate via the wholesaling route, and what her experience was like getting her first wholesale deal [plus how to get the best deals] 08:03 - What she learned from her first wholesale deal 09:34 - How do on-market deals differ from off-market deals [the value you can find with on-market deals and important considerations to close a deal] 10:45 - What it was like pushing her limits with her first deal 12:30 - Best apps and resources that keep her wholesaling business up and running 13:54 - Working on her first multifamily deal [single-family home versus multifamily properties income-wise] 14:28 - Important factors to consider when analyzing properties 18:20 - How rising interest rates impact the multifamily space 19:01 - Win-win strategies during a recession 20:42 - Pivoting her business with arbitrage 23:07 - How coaching massively helped her in her real estate investing journey 25:00 - Important takeaways from the whole experience of getting started in real estate investing 26:38 - What she's up to these days where real estate is concerned Key Takeaways: "Keep doors of communication open with the buyers and with the sellers, to be as transparent as possible. And to definitely know , like, whatever province you're looking to do real estate, know, the forms that come with it." - Keshera Lyons "You're the only one that stands in your own way; it's all about believing in yourself." - Keshera Lyons "Have a mentor or a circle that you can go to to ask questions. A good lawyer, who's not only good in real estate, but who's real estate investor savvy." - Keshera Lyons "The higher you go, the more units you go, the easier it is because, with a single family, they're looking at your personal income. With multifamily. they're looking at the income of the property itself." - Keshera Lyons "With underwriting or analyzing properties, it's important to have the income and expenses; you need to know all the expenses of the property and all the income because that's going to really determine the net operating income." - Keshera Lyons "If you're able to connect with a seller, or like a owner, you could work something out and have some creative financing, even with the high interest rates and the switch in the market."- Keshera Lyons "A big tip is to get a coach, get a mentor. Sometimes it may be a little pricey, but it's worth it because you'll make that back as quickly as possible." - Keshera Lyons Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Navigating the landlord/tenant relationship can be a struggle. And that is made even more challenging by outside forces. And being a landlord is not easy, especially when dealing with issues that test your patience and even your finances. The wrong tenant can cost you a lot of time, money, and effort. To avoid this, we need to set things right from the start. Knowing your rights and responsibilities as well as those of your tenants will set you up for success. You will also know how to protect yourself in the everyday affairs of the business without solely relying on legal representation. In this episode, Andrew Choubeta shares essential tips and insights about tenant/landlord dynamics, so you know your rights, responsibilities, and how to protect yourself. In addition, he shares investment strategies he uses to invest in Canada and abroad. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Find out tenant issues landlords mainly deal with and understand how to avoid those from happening. Learn what you can do at the start to set things right and put systems and processes to help you navigate tenant/landlord concerns. Know whom to get on board your team to help you with tenant disputes and issues. Andrew Choubeta is a paralegal that cares about landlords and their investments. Servicing all of Ontario, Andrew and his colleagues at Caveat LLP have a combined decade of experience dealing with investor-focused Landlord and Tenant issues. As an investor himself, Andrew has a results-driven approach to legal practice. Connect with Andrew Choubeta: Website: www.caveatllp.com Facebook: https://www.facebook.com/Caveatllp/ Email: info@caveatlegalservices.com Phone: 289-339-1311 Topics Covered: 02:42 - How he quadrupled his first real estate investment and went on to invest overseas soon after 04:52 - Properties he invests in in Africa and what the numbers look like 07:52 - What made him invest in his ancestral country? 08:41 - How he found himself in the legal profession and what made him love the job 11:27 - Tenant issues he had to deal with 14:30 - Important aspects of landlord-tenant dynamics you should be conscious about 17:14 - Due diligence is paramount [what you can do right at the start ] 19:47 - What is cash-for-keys, and what should you be aware of if you pursue that strategy? 22:12 - What the process looks like, and how long it takes to get tenants out of the units 25:02 - Valuable resources available for research and tenant screening [plus essential tip to be knowledgeable about regarding landlord-tenant issues] 28:32 -Seeing a hard reality of how landlord-tenant relationship develops years from now and how you can prepare for that 30:25 - Why you need a lawyer or paralegal to get on the team with you 31:13 - What's in Andrew's immediate plans where real estate is concerned Key Takeaways: "Running like a business is important. And even if you have one, it doesn't matter what it is, if it's one unit, two units, or 300. It's business, and you have to make sure your ROI is there." - Andrew Choubeta "You can't be a good landlord without knowing how to protect yourself. And support how to do that and the rights of your tenants and rights of yourself as well in keeping within those rights." - Andrew Choubeta "I read the fine print. The principles are all pretty simple. You can spend 10 or 15 hours on the subject and get very knowledgeable very quickly, enough to handle the day-to-day question from a tenant or issue that you may be dealing with." - Andrew Choubeta Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

It's a long-term game to invest in real estate. To keep the business running, you need time, money, and resources. Apart from that, there are challenges and issues to contend with. Additionally, investing in relationships and networks will help you grow your business far into the future. There is no doubt that it takes hard work, a skill set, and a resilient attitude. It may be the way things are, but there are always ways to make things better, letting you start affordably while allowing you to scale quickly. Christopher Katende shares multiple investment strategies in this episode. The kind where there is no maintenance or repairs to be done, low labor costs, less regulatory agency intervention when it comes to inspections, strong layers of tenant screening and due diligence in place, and low competition. He also teaches investors and sellers how to use creative financing strategies to ensure consistent cash flow to the business. He provides tips on interpersonal skills as it's handy for finding deals and dealing with people in the industry. In addition, he talks about cross-border investing and the many attractive and flourishing opportunities available in the US market today. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode: Discover an investment strategy where you don't worry about maintenance and repairs, yet, you get a steady stream of cash flow. Build out an investment portfolio where you invest low but grow fast. Hear of attractive investment opportunities in the US right now.   Having moved to Toronto from Kenya in 2013, this Ugandan-born award-winning Art Director turned real estate investor, Chistopher Katende, brings his knack for creative problem-solving to the table. He also understands the personal needs of the local and international clientele he deals with on a regular basis having had to go through the relocation process himself 3 times. He has experience starting multiple entrepreneurial ventures, such as a successful car rental business, while also investing in the highly competitive Toronto Real Estate market. He began this journey in 2016 with short-term rental properties in the downtown core; he then ventured into cross-border investing in Upstate NY as well as Detroit, Michigan before returning to the Toronto market to fix and flip multiple residential and commercial properties. He also holds ownership of multiple family-owned farms in Uganda that include cattle, timber, various food crops, as well as clay mining. Connect with Christopher Katende: Email: info@smartassetgroup.com Website: https://www.smartassetgroup.com/ Instagram: https://www.instagram.com/smartassetgroup/   Topics Covered: 02:57 - Distinguishing real estate in Kenya versus Canada 05:12 - Drawing the differences between Kenya and Canada from an architectural standpoint 06:47 - Lessons learned from his car rental business that also works for his real estate business 09:45 - What the experience of investing from afar, like in the US during a pandemic, taught him 12:43 - Discussing what a rent-to-own strategy is and how to go about it 14:46 - What happens when a property is suddenly transitioned back to you? 15:59 - The good things about having mobile park homes in your portfolio 18:31 - Taking a look at a successful mobile home park deal that he considers a home run 21:59 - More attractive investment opportunities in the US right now and more tips in finding deals 25:07 - Tenant laws: Canada versus the US 27:43 - Employing creative financing for buying properties 32:30 - Encouraging words from Christopher and what's coming up for him these days Key Takeaways: "Treat people right." - Christopher Katende "I found just being friendly, genuinely nice, looking after your neighbors and the people around you takes you a very, very long way without costing you much money coming out of your pocket." - Christopher Katende "You don't always have to be physically present if you have boots on the ground. And you can definitely scale very quickly. That gave me more courage to buy in places that are even much farther away, that I don't need to drive there." - Christopher Katende "Mobile homes have a huge, huge demand that people don't seem to know about, and they're considered vehicles. So you don't have to go through the traditional inspections and repairs that you would with a home." - Christopher Katende "Working with mobile home park managers, getting to know them; again, relationships, treating them nicely, they will call you when they have a deal coming on, and you'll be the first to know."- Christopher Katende "You have all these different investment vehicles in terms of real estate that you can get into. I think the most important thing would be figuring out what you want to achieve first, and then figuring out which area is best, and then narrowing it down going from there." - Christopher Katende Connect with Mario Griffiths:   Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths   Connect with Ron Christopher:   Instagram https://www.instagram.com/ron.investor/

Investing in real estate requires making business decisions. It pays to be financially savvy to run a real estate investing business. Investors are also susceptible to burnout and mental stress. The number of deals and numbers you have to think about in your business can exhaust you physically and mentally. Your ability to balance your life's pillars will give you the strength, courage, and enthusiasm to show up every day, both personally and professionally. It's all about building wealth while also taking care of yourself. During this episode, Aqui Daps shares how financial literacy is essential for making educated economic decisions, especially when it comes to your personal and business finances. As someone who grew up in a family with a 'taboo culture' around money, she now initiates conversations with her family about it. Early on in a child's life, she recommends setting up a positive mindset about investing and saving. Also, she emphasizes how to be good stewards of the wealth you are creating and how to handle daily money management in running your business. If you're looking for an investment portfolio to focus on, Aqui suggests and talks about land development. There are a lot more opportunities available than you can imagine. She touched on the importance of self-care to stay strong and resilient as you run and manage your business. After all, what is wealth if your health is failing you? Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode: Find valuable money management tips for creating wealth in real estate for newer investors. Discover how you can make a strong interplay of your health and wealth journey to become the best version of yourself for your loved ones and your business. Learn about the endless possibilities surrounding the strategy behind land development Aqui Daps is a lawyer, real estate investor, and personal finance coach. Along with her husband, she built a real estate portfolio that consists of land, single-family homes, and multi-family/apartment buildings. She is also a lender and invests in the stock market, investing in over 1000 shares in the market annually. Aqui is also a co-founder of the Women's Investor Network Canada (WINC), focusing on bringing together women from different backgrounds and walks of life, working together and empowering one another to level up and succeed in real estate investing. Connect with Aqui Daps: Instagram: https://www.instagram.com/financially_savvygirl/ Topics Covered: 03:28 - What she's mostly known for, and one interesting fact about her 04:51 - How the 'taboo culture' of talking about money has affected her in making an informed financial decision. 07:29 - What made her start Financial Savvy Girl and how she imparts financial literacy within her household 13:55 - Bridging that wealth gap with financial literacy 15:53 - Valuable tips for managing daily finances, creating a significant amount of wealth in real estate, and being a good steward of money 18:47 - Due diligence is everything 19:47 - The most important step of your acquisition 22:59 - Becoming the 'Silent Assassin' [how representation is vital in empowering the minority sector in society] 29:23 - Making a strong interplay of her health and wealth journey [ talking about her coaching program, 'Fit and Wealthy'] 32:36 - Finding balance among your pillars in business and personal life 33:55- The strategy behind land development 39:00 - How to implement the strategy behind land development with the prevailing market 40:49 - What's coming up for her in terms of deals and projects Key Takeaways: "Financial literacy allows you not just a seat at the table but makes you an active participant where you're now telling others what you want your money to do for you. And there's nothing more powerful than being in that position." - Aqui Daps "As you are investing in real estate, first, find the strategy that works for you and get really good at it." - Aqui Daps "Sometimes the best deals are the ones that you don't end up closing on because if it's a headache from the get-go, it's probably going to be added later and will cost you instead of allowing you to make money." - Aqui Daps "As you grow your real estate portfolio, do not neglect your personal finances." - Aqui Daps “I always say the most important step of your acquisition when you've acquired new property is the stabilization phase. That is the time where after you've closed, you are now implementing the strategy that will allow the property to be what you have imagined it to be.” - Aqui Daps "When you put yourself last all the time, you only give from that emptiness of yourself. It's about reclaiming yourself, and being the best version of yourself, not just for you, but for your loved ones." - Aqui Daps "One question that people often ask me is, how do you do everything that you do? I strongly show up for myself in the morning. It's about knowing your priorities, setting yourself pumped for success every day, and moving your body is definitely a major part of that." - Aqui Daps "Your pillars in life must be balanced for you to find wholeness and happiness." - Aqui Daps Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Dream big and build small. However, how can you have that mindset if you have no idea where to begin? You don't even have the capital to get your foot in the door? Most people struggle with that, shutting their minds off when opportunities are scarce. The truth is, there are lots of resources just waiting to be discovered. When there are no opportunities, just consider all possibilities. You shouldn't wait; rather, you should create it. And that's exactly what this episode is about. Sandro Ferreira shares how he got into real estate and purchased his first property without spending any money. Furthermore, he reveals a very profitable investment asset class that won't be surpassed by all other investment portfolios combined. Additionally, he discusses a significant business strategy you can employ to accelerate your business growth. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b   Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022   Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode:   Hear of creative strategies where you own properties without spending any dollars acquiring them   Find out the essential factors one should look into when scaling into larger multifamily properties   Discover one clever tactic you can use to scale rapidly in your real estate investing business   Sandro Ferreira is a Brazilian-Canadian Entrepreneur, Award Winning Real Estate Investor, Certified Coach, and Public Speaker that uses his creative skills to find opportunities that most people would ignore. Sandro finally retired from his 9-5 grind to become a full-time real estate investor, and he is recognized in the industry for his creativity, tenacity, and mindset. Since his decision to become a professional real estate investor, Sandro went from 7 doors to 114 doors in his first year, and he's acquiring multifamily properties across Canada, U.S. and Brazil. Sandro graduated in Business and Law and brings over two decades of experience in the field of Sales, Customer Experience, Coaching, and Business Development. Always taking significant risks, his mind constantly expands, allowing him to take massive action and leverage every available resource. Connect with Sandro Ferreira:   Email: info@sandrocanada.com Website: https://sandrocanada.com/ Twitter: https://twitter.com/sandrocanada Instagram: https://instagram.com/sandrocanada Facebook: https://facebook.com/sandrocanada Linkedin: https://linkedin.com/in/sandro-ferreira-b62639182/ Pinterest: https://pinterest.com/sandrocanada Tik Tok: https://tiktok.com/sandrocanada   Topics Covered: 03:00 - Books you can dig in to get insights into how the wealthy think and live life with no regrets 06:16 - What his life was back in Brazil, and how his early years in Canada looked like 12:31 - What do you consider multifamily properties, and how do they keep on earning for you and increase property valuation at the same time 17:14 - Got into his first deal without spending a dollar 19:15 - Understanding what seller financing and vendor-take-back are 24:16 - Looking for ways to increase his ability to see things differently 26:27 - What should an experienced investor look into when deciding to venture into more significant multifamily properties 30:27 - Resources and apps he uses to have a system in place, network, and expand his business 32:58 - Talking about his faith as it relates to his success 36:06 - The need to create a power team 40:29 - Creating opportunities when you don't see them 41:53 - Where to reach Sandro   Key Takeaways: "I'm not using the bank, nor qualifying for the mortgage, because I'm using the agreement for sale strategy." - Sandro Ferreira "If the door is not open, go and create your own opportunities." - Sandro Ferreira "That's why I love real estate because it does not see if I have an accent; if I have education, if I am white or black or yellow. If you understand how to leverage that, anybody can do it." - Sandro Ferreira "Use the power of leverage. I leverage everything and leverage other people's money. I leverage other people's time, I leverage other people's deals, and I leverage other people's credit. That's the only way you're able to scale rapidly." - Sandro Ferreira "Money is abundant by the amount of resources available; it is just unbelievable." - Sandro Ferreira "If you learn to deliver value, the money follows because you become a giver. And as you give, then you receive." - Sandro Ferreira "Invest in a mentor. You cannot want to make millions of dollars if you cannot invest a few thousand dollars." - Sandro Ferreira Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths   Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/  

Newbie investors have a tendency to fall into the shiny object syndrome. Investment opportunities abound. You do not have to jump at every chance you come across. It is best to consider specific considerations when playing the long game of real estate. However, for someone who has been around and owns a portfolio, the question of stepping up and scaling one's company always arises. The key to starting up and accelerating growth is to think strategically, if only to maximize resources and diversify one's assets. In this episode, Brian Gordon shares valuable insights about real estate and financial literacy, which is the foundation for wealth generation. Hear also how he teaches an entrepreneurial mindset to his children. His experience of investing has taught him the importance of not hiring just any contractor, but a specialist. He shares investing strategies and opportunities in Canada, the US, and Europe. Along with that is the emphasis that what you focus on is grounded in your big 'why' and the goals you want to achieve. As a final note, he stresses the importance of taking care of your mindset as you learn about real estate because that will take you further down the road to your goals. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   What you will learn from this episode: Discover investment strategies that allow you to diversify geographically, financially, and legally. Find out one valuable action step to take to identify bleeding necks so you can prepare for bad times and determine when and how to pivot your business. Become more knowledgeable about which properties, such as land or physical assets, are best to invest in first. Brian Gordon is a Real Estate Investor, Wealth Generating Educator & Mentor who is strategically helping others create a path to generating wealth. He has always found an interest in the Canadian financial system and how money works. In part from experience working for a real estate investment trust. Brian's personal interest in real estate investing prompted him to build his portfolio. Aside from acquiring 9 investment properties over the last 6 years, ranging from legal duplex/triplex to vacation rental properties, Brian, a lifelong learner, follows his mantra "acquiring wisdom". This often has him offering insightful perspectives that others hadn't previously considered. Brian is a devoted partner and father and enjoys planning family time or travel, providing microloans to small business owners in developing countries, and dedicating time to his community. Connect with Brian Gordon: Email: bibigroupto@gmail.com Website: https://www.southernontariohomebuyers.ca/ Instagram: https://www.instagram.com/acquiring_wisdom/ Facebook: https://www.facebook.com/brian.gordon.3958 Linkedin: https://www.linkedin.com/feed/ Topics Covered: 02:57 - Never too young to start in real estate [bringing his children to investment groups that offer literacy programs for kids] 05:10 - Always give time to work on your mindset 06:32 - Talking about his first investment property, lessons learned from his deals, and the mistakes to avoid in real estate investing 09:48 - Hiring a specialist and not just any contractor 11:49 - Boosting your confidence as a newbie investor 13:14 - Singling out a property deal that gives a nostalgic feel to it and the most rewarding experience [also sharing upcoming deals he is excited about] 15:42 - Investing in big cities versus the rural areas 17:20 - How his property evaluation background helped him in his real estate investing business 19:56- Tools and resources that work best for him in managing his real estate business 21:34 - Big reasons for investing outside of Canada 22:48 - Investing opportunities in the US to gain active income 25:06 - Deciding which one to own first: land versus a physical property 27:46 - The reason behind him buying investment properties while renting a place to live for his family 30:20 - Stress test your portfolio and tips on how to prepare for downtime 33:17 - Best ways to get in touch with Brian and know the ways he gives back to the community Key Takeaways: "I really just try to instill it every chance I get financial literacy, investing, being an employee versus being a business owner, and the benefits that go along with being a business owner against being an employee." - Brian Gordon "One of the things I do is I spend a lot of time reading, attending sessions on how to get your mind right, have a clear mind, and focusing on mindset, versus just real estate." - Brian Gordon "One of the pitfalls I made and one of the things I stress to new investors is really the importance of a team, but also the importance of having each member be a specialist in what they do." - Brian Gordon "If you don't know, reach out to other individuals who are much further along their journey. " - Brian Gordon "If you want to become a serious investor, you join a mastermind or have an accountability partner to support you on your journey." - Brian Gordon Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Getting started in real estate is often thought of as buying that first property and doing it all on your own. But real estate investing entails many facets but that doesn't mean you have to do it all yourself. You can always focus on what you are good at and outsource the rest. Managing this business requires people with different skill sets suitable for the many aspects involved. The skills you have in networking and building relationships will come in handy. Additionally, there are tools, apps, and software available to make communication more efficient. In this episode, Isaiah Henry shares how he manages his real estate investing business, especially when it comes to BRRR projects, without being physically present on site. Hear about his tools and resources for automating systems and creating efficient processes. He shares his story about how coaching and mentorship helped him grow personally and professionally and how the fear of risk stops people from getting into real estate. However, he offers a very insightful viewpoint. You have to dig it. Finally, find out how he gives back to the community as he grows his business. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ What you will learn from this episode: Find out how you can successfully run your real estate business from afar without lifting yourself from your office chair. Learn how to make the most of the BRRRR strategy and bring in a good return without being present on-site. Discover how you can make a sweet property of a deal and scale your real estate business faster. Isaiah Henry was born and raised in the Durham Region. He attended Wilfrid Laurier University as a dual sport athlete (rugby and football) where he graduated with distinction. Upon graduation, he pursued a career in law enforcement which gave him the platform and stability to start his real estate investment company, First Position Real Estate. At First Position Real Estate, he strives to provide high-quality housing solutions for community members, clients and investors while adding valuable, attractive, and stable investment opportunities for his partners, focusing on generational wealth. Through the scholarship and co-op program, in-person events, and private lending department, he is excited about the growth and trajectory of First Position Real Estate. Connect with Isaiah Henry: Email: ihenry@firstpositionre.com Website: http://first-position-real-estate.mailchimpsites.com Instagram: https://www.instagram.com/itsmrhenry/?hl=en Facebook: https://www.facebook.com/FirstPositionRE/ Youtube: https://www.youtube.com/channel/UCtVOJ9REWeazii4UBQ-XGpw TikTok: https://www.tiktok.com/@itsmrhenry Topics Covered: 02:21 - Sharing his life as a dual athlete: choosing to play rugby over football 03:06 - How his stint at the Toronto Police Service helped in his real estate business journey 04:24 - What's behind putting up First Position Real Estate 05:42 - Doing initiatives and programs to give back to the community through First Position Real Estate company [scholarships and co-op programs] 08:52- Qualifications to make one eligible for the co-op program 10:09 - What made him and how he got into his first property investment 13:07 - What his succeeding deals after the first one look like[successfully doing full BRRRR without being physically there] 13:00 - Highlighting one particular property that he successfully flipped [BRRRR] for a very good ROI 18:54 - Tools he uses to help him successfully invest long distance 21:55 - Communication systems he is employing to help run his real estate business [free software and apps he uses] 25:48 - Facing risk in the real estate business 27:31 - Growing your real estate investing business with coaching and mentorship 30:41 - Important events and workshops to look forward to and what's in store for his real estate business Key Takeaways: "If you can make a business out of real estate, there's power for you to make income and grow wealth for you and your family." - Isaiah Henry "A lot of people spend time, like, how am I going to finance this? How am I going to run this better? How am I going to find the next deal? I said, what if you took that same effort and worked on building relationships." - Isaiah Henry "The biggest way that I mitigate risk is with education." - Isaiah Henry "If you have the mindset to get started, you're more likely to mitigate that risk and come up with a successful investment." - Isaiah Henry "You don't need all that money to get started to buy; take the money you have, get the skills so that when you know how to get the income, you're going to be able to make those successful investments there." - Isaiah Henry "Everything comes with risk. I don't think it's something people should avoid; I think it's something that we can all mitigate. And real estate is one of the best ways to mitigate financial risks that I haven't seen in any asset class." - Isaiah Henry "You can take the risk as it comes, do your due diligence, get some education, invest in real estate, and start changing the financial future for yourself and your family." - Isaiah Henry "I was always with a coach. And I knew to always get to the next level; you have to be coachable." - Isaiah Henry Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/    

Is there anything that keeps you from getting into real estate? Is it a lack of experience and knowledge? Or are you still waiting for the market to go down before you invest? A resolute individual like our guest, Abby Soetan, never let these obstacles get in the way of her first flip, regardless of the pandemic. In this episode, Abby shares with us how she jumped into real estate without knowing what she was getting into. With faith, a strong will, and an openness to learning along the way, she managed to turn her first flip project around and earn a good profit. Her business has scaled since then. As a first-time investor looking to get a steady flow of income, listen in as she offers creative investment strategies and what she has to say about building a power team if you're looking to scale your business. In addition, get valuable tips on DIY flipping projects and how to sell them with outstanding returns. What you will learn from this episode: Find out how one can earn a good amount of profit from flipping a property the first time, even without prior knowledge and experience. Learn about tips and hacks in flipping for the first time, so you manage expectations. Understand how the market works for flipping properties so you maximize your profit margins. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Abby Soetan started investing in real estate in 2020 after reading a book about a couple who flipped houses for a living. She thought to herself, "If they can do it, so can I!". 2 weeks later, she had her first property under contract. When she started sharing her journey, she did so because she wanted to show other women who looked like her that it was okay to be in this space - and that we can succeed at it too! Since buying her 1st property, it's been a fun (and sometimes scary) journey, but she picked up many lessons and loved every step of the way. Her goal for real estate is to develop herself & other people on her journey to building wealth! Connect with Abby Soetan: Email: blackequityrenos@gmail.com Instagram: https://www.instagram.com/blackequity_/ YouTube: https://www.youtube.com/c/BlackEquity Topics Covered: 02:45 - How she got started in real estate and the valuable experience she had from jumping into it 06:22 - No better time to do it than now 07:54 - Why flipping was the best way for her to get started in real estate 11:15 - What the experience was like and how she got through her first flip without prior experience 15:53 - Confidence level achieved 16:26 - How was it like selling the property themselves and not through the realtors 18:45 - Essential factors to look out for when flipping the first time for newbie investors 23:30 - What's the dynamic like when working with your spouse or partner [talking about interpersonal tools and skills] 29:37- Integrating her knowledge in design into her flipping projects [tapping into your creativity and making your property stand out] 34:34 - Changing strategies and pivoting her business with the recent market trends 36:34- What is an arbitrage investment strategy? 38:41 - The system and vital factors you need to set in place when thinking of scaling your business [the power team] 46:17 - Immediate plans for her real estate business Key Takeaways: "Buy low, sell high. That was kind of my strategy." - Abby Soetan "If I just kept waiting and thinking for the market to go down. Or, if I had used my lack of knowledge or experience to say I can't do this, I would never have learned so much. Not even just the financial gain but the mental gain as well." - Abby Soetan "If you're working with any partner, even if it's not someone you're married to and both of you decide to do some work together, it's vital to know each other's strengths, and also each other's methods and give each other the room to do what they can do best." - Abby Soetan "What's the worst that can happen [when it comes to design]? If it doesn't look good, you start again." - Abby Soetan "When you're thinking of arbitrage, all you're considering is like your first and last month rent and your furnishing costs versus a property that you own, which is the downpayment, the closing costs, all the legal fees, and then your furnishing costs as well." - Abby Soetan "Scaling is, I believe, a factor of time and money. It's very important to understand your limits, so I guess that leads me to the Power Team because having a contractor is essential." - Abby Soetan Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/  

Rather than owning their own home, some people believe renting offers greater freedom and flexibility. It relieves them of having to pay a mortgage for many years. Wouldn't it be great to own a house without having to pay off the debt while building wealth at the same time? In this episode, Phylicia Walsh and Mike Allicock share how they purchased a home without having to pay the loan and created passive income at the same time. Besides stressing the importance of having a solid mindset, they discussed how it can help you buy your first home regardless of changing market and economic conditions. Along with that, they emphasized the importance of setting goals as the first step to getting started. Considering all the current market volatility, inflation, and high-interest rates, their golden nuggets and insights as realtors and investors help us see what the market's current state is, where it is headed, and what we can do to find and maximize investment opportunities both short and long term. What you will learn from this episode: Discover one investment strategy that helps you own a home, pays for your debt a,nd creates wealth. Learn about valuable hacks and tips for buying turnkey properties that meet your short and long-term goals. Find an investment portfolio that provides high and steady cash flows even with the rising market and high-interest rates. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Phylicia Walsh is a client-focused and results-driven person who is available to provide you with a customized experience based on your unique needs. Whether you're looking to break into the market as a first-time buyer, sell your home, or leverage equity to buy more real estate, Phylicia takes an informative approach while guiding her clients through the real estate process, and combines her skills, passion, and knowledge to achieve each client's goals. Connect with Phylicia Walsh: Instagram: https://www.instagram.com/justgetrealty/ Email: phylicia@justgetrealty.com Michael Allicock is a serial entrepreneur, real estate investor, and teacher who values the importance of building strong relationships and takes an informative approach while interacting with his clients. He takes the time to listen to his clients and understand their needs and goals to match them with the best financial solution. Michael is passionate about financial literacy and macroeconomics and leverages his knowledge to make decisions that benefit his clients. No matter the situation, Michael is willing to listen and give a helping hand. When he's not busy helping clients, Michael enjoys spending time with his family, playing sports, and working on various renovation projects. Connect with Michael Allicock: Instagram: https://www.instagram.com/miketheentrepreneur/ Email: mallicock@ctmortgagesolutions.com   Topics Covered: 03:04 - What comes to Phylicia's mind when talking about wealth and why she's passionate about financial education and real estate? 04:05 - How she gets clients to relate to her story 04:49 - Maintaining work-life balance 06:22 - What makes their first property purchase the best decision ever [their first house hacking experience] 09:35 - Househacking and its benefits 12:13 - Valuable tips for buying turnkey properties 14:03 - Leveraging equity to buy their second property 16:47 - State of the market from a realtor and investor's perspective 23:38 - How you can get into the real estate market and buy your first property even in today's market [mindset is everything] 26:06 - Other valuable tips and advice to consider to get into real estate and buy your first Property 28:18 - What gets Phylicia and Mike busy in their real estate business 29:01 - Finding good opportunities with short term rentals Key Takeaways: “House hacking was the best option, just because it was a balance between saving and not wanting to be so much in debt, and still having an ownership aspect and building wealth that way.” - Phylicia Walsh “The first property doesn't have to be perfect [turnkey property that needs renovation]. I don't think people realize how inexpensive it is to actually fix these things and increase the value of your property. It's one mistake that I see a lot of people make, and I wish people could kind of have that foresight to see more value in these homes.” - Phylicia Walsh “I'm not gonna say it's a crash right now. I will say we are definitely seeing a market correction. And I don't think it's over yet.” - Phylicia Walsh “Understand what to look for when you're looking for a property that maybe you want to convert into a second suite. Sometimes you just got to take the leap, and you do the learning along the way. It might be a little bit more costly, but you're taking action, which is the most important.” - Mike Allicock “With every correction comes opportunity. This is why it's so important to run your numbers properly and account for risk.”- Mike Allicock “A lot of it comes down to mindset. As a first-time buyer, if you truly want to get in, have your goal in place as to why you want to get a house. What the true long-term future goal is because there's more to real estate than just owning a house.” - Mike Allicock Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Don't have the money or capital to invest in real estate? It might seem that you always need money to get started. But if you get creative and smart about finding ways, you can get your real estate business running without needing to put in your own money. In this episode, our guest Thia Velinor shares how she grew to 66-doors without using her own money. She points out that if you sit on the sidelines, nothing will get accomplished. It's all about hustle and taking action is crucial. Additionally, she discusses the importance of sharpening your skills, investing in yourself, and fixing your mindset to achieve success in this business. She emphasizes the importance of building quality relationships. And even though she has grown her real estate assets, she has also made mistakes, and she shares the lessons she learned from them. In Thia's case, you may not know everything at the start, but you'll learn as you go along. She did exactly that, and look where she is now. What you will learn from this episode: Discover how you can get started in the real estate business without capital. Find out hot markets that offer great opportunities but with low entry points. Learn how you can scale and move your real estate business faster. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/   Thia Velinor is a single mother who has faced tremendous obstacles and hardships. Through perseverance and is dedicated to her goals, Thia was able to quit her 9-5 in January of 2021. She has since grown her wholesaling business to a six-figure business doing over 20 deals and acquiring 18 doors using OPM. Get in touch with Thia Velinor: Website: https://www.velinorproperties.com/ Instagram: https://www.instagram.com/thiavelinor/ or https://www.instagram.com/velinorproperties/ Facebook: https://www.facebook.com/velly.vellz Topics Covered: 02:40 - An environment and upbringing that built so much of her character 05:06 - Overcoming struggles in the early part of her real estate business journey 07:26 - What is it about the wholesale strategy that she got started in the real estate business via that route? 10:53- One important thing she considers about the markets she's focusing on this time 12:58 - Scaling and moving your real estate business quickly 14:22 - The value of a power team 16:01 - What's behind owning 66-door units as of this time 19:17 - Leveraging networking -- the power of relationships 21:35 - Business pivots she's doing with the recent rate hikes that's happening 23:55 - What she would tell someone wanting to start in the real estate business via wholesaling 28:08 - Lessons from a deal that didn't pan out as expected 32:40 - Putting a premium on mentorship and giving back to the community 38:36 - What she's up these days and how you can reach out to her Key Takeaways: "I think it's important to have that mindset where it's like, if one door closes, you're going to figure out how you'll get it done another way." - Thia Velinor "You can only learn so much info. A lot of the learning comes from the action components -- the doing." - Thia Velinor "I got my first 17 doors without putting any money. All I did was find the deal." - Thia Velinor "I would encourage people to get great at recognizing what a great deal is. Once you are able to do that, now you're in front of people who want to talk to you about the deals." - Thia Velinor "People really underestimate the power of starting with wholesaling. There are just so many good skills that you get out of that. Leverage it and get doors with no money at all." - Thia Velinor "You only have so much money; the bank will only lend you so much, you know. It's imperative to speak to people and try to figure out how we can create that win-win; not always you trying to get something from that person. It's like, what can we do together? Like, how can we build together?" - Thia Velinor "Speak to people and just do it properly. You can figure it out by yourself. And it might take you a few years, or you can invest a few bucks and get there in a few months. You know It's not an overnight success story by any means." - Thia Velinor "If you stick with it and build those fundamental skills that you need to go far in the business and not just with wholesaling. Once you have that down, you're good to go. But the main thing, invest in yourself, by all means." - Thia Velinor "I see the value [of mentorship], and it taught me a lot. It also put me in the circles I needed to be in." - Thia Velinor "When you pay for your friends, the conversations are different. Your mindset changes. Your outlook is going to be different. So, pay for your friends!" - Thia Velinor Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/  

When it comes to real estate investing, wealth creation is a sure thing, but hard times are also inevitable. It gets even more difficult when you're alone and have no one to talk to about it, especially when you're just getting started because it sometimes takes time to figure things out on your own. How do you get started and navigate your way to real estate investing success? In this episode, Donalta Hall unpacks how to get it done with the wisdom she shares, knowledge, insights, and the best strategies to succeed in your real estate investing business. As someone who is big on mentorship and whose business is greatly impacted by it, she couldn't stress more the reasons why you have to seriously consider it. For someone just starting out on their investment journey and with little capital available to invest, she has recommendations on how you can start with affordable markets and strategies that will help you excel. Due to her expertise in market trends and data analysis, she discusses what lies ahead in the market and where investing stands as the year 2022 progresses. This way you get to find out which investment strategies generate steady and strong cash flows and maximize revenue generation for you. She talks about her short and medium-term rental investments and how she attracts that market. Also, have you ever considered investing in the US? Donalta provides specific reasons why you should consider it, but also warns that you will face some challenges and provides tips on how to overcome them. What you will learn from this episode: Hear what immense value mentorship contributes to solidifying your mindset, helping you scale and grow your real estate investing business. Understand strategies that will help you find opportunities that will see you through the hard times where others only see misfortunes. Discover helpful tips regarding off-market deals, employing power teams and partners, having a sound system in place, and taxes. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ With a passion for design and luxury hospitality, Donalta Hall and her partner run a 5 star corporate and vacation rental management company. In the past 15 years, she purchased and managed dozens of properties across southern Ontario. Donalta specializes in strategically maximizing rental revenues using a combination of long, mid and short-term rentals. By combining functional modern living spaces with quality guest services, she delivers memorable experiences to guests and high-value returns to investors. Connect with Donalta Hall: Website: https://bunkerliving.ca/ Instagram: https://www.instagram.com/donaltahall/ Facebook: https://www.facebook.com/groups/697379604966774/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/ Topics Covered: 01:52 - Donalta's professional background 04:18 - Travel junkie at heart 05:39 - A win-win solution for purchasing her first property and increasing her credit score 09:18 - Finding value in mentorship 14:54 - Seeing market and business opportunities amidst the pandemic [how Bunker Living started] 17:20 - Differentiating short-term, medium-term, and long-term rentals 19:20 - Attracting medium-term rental market opportunities 21:11 - Discussing data analysis and market trends happening for the rest of the year 2022 and what you can expect 25:17 - Exit strategies you can do to pivot your business during harder times 27:11 - Helpful tips when it comes to off-market deals, employing power teams and partners, having a sound system in place, and taxes 31:45 - Action steps you can do to help in the initial investment of your property even with little or no capital 34:01 - Investment opportunities in the USA 37:05 - Is it hard to invest in the US? 39:38 - The challenging part of investing in the US and how to overcome it 42:31 - More helpful tips to help you invest in the US Key Takeaways: "That's why I advocate for mentorship because once you start immersing yourself in a new community, in a new group, a few things happen, and you change your reality." - Donalta Hall "I want people to know that they can do it. But don't do it on your own. Everything is harder when you're doing it by yourself." - Donalta Hall "You can't do everything yourself. One of the things I do is invest in multiple markets, and I have teams in each market." - Donalta Hall "If you want to get started and don't have a lot of capital and resources, there are still affordable markets. I'm a believer in small multi-units if you can. One thing that makes a difference for me is that we have a secondary suite in our primary residence, and we rent that on Airbnb. That's one thing you can do to become financially free." - Donalta Hall “Going into a recession, it's always a good idea as a lot of my mentors have taught me that the popular idea is to go into buy and hold for a few reasons. As people can't afford their homes. As an investor, you got to pick that up at a lower price.” - Donalta Hall “Large multifamily tends to do really well in a recession. But that still holds true for single family homes, if you buy it at a good price, and are able to rent it out.” - Donalta Hall  

If we are gripped by fear, lack of knowledge, and limiting beliefs, it is hard to find a way out. We will always end up working nine to five. This means trading time for money and sacrificing social life and family time if the work requires it. Remaining in one's safety box will not lead to wealth creation. One must jump out, stretch oneself and make things happen. Otherwise, we can only hope for the life we've always wanted without ever achieving it unless we take action. In this episode, guest Gary Hibbert shares how he approaches his fears as opportunities to deliver his best, network with others, and grow his business. See how changing your perspective and mindset rewards you with breakthroughs. At the time, he never had enough money to purchase his first property when he started in real estate. Add to the fact that he didn't have all the knowledge about everything early on. And if that's not enough, he also had misses along the way. But that didn't stop him from pursuing the dream life he wanted, which beats inflation, provides a healthy work-life balance and time freedom, and achieves not only return on investment but also return on time. How did he do that? It was a matter of mastering his mindset. What you'll learn from today's episode: Find out how to own multiple properties and scale your business even when you don't figure out everything at the start. Learn to face your fear; change your perspective, and you'll find yourself delivering your best and open yourself up for more opportunities. Discover one effective way of creating a roadmap of what you want to become and where you want to be, manifest it, and do away with shiny object syndrome. Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Gary Hibbert is a full-time Real Estate Investor, licensed and award-winning Real Estate Agent, Author, and Educator. In 2008, he made a decision that would be life-changing by purchasing his first investment property. Through hard work and dedication, Gary left the corporate world to become a full-time entrepreneur in 2014. Today, not only does he have a remarkable real estate investing portfolio, and a successful business, but Gary continually inspires the same change in others that transformed his life. In the beginning, Gary lived pay cheque to pay cheque as many others do. He had been accustomed to the reality that at the end of the month, there was more month than money. Realizing that there must be another way to make ends meet, he became determined to educate himself and make a change. However, at that point, he hadn't yet realized that by changing his own life, it would enable him to help 100's of future investors to their path to finding financial freedom. In 2010, Gary launched Smart Home Choice, a company dedicated to educating new and experienced investors through a focus on SMART goals in order to allow them to make informed decisions in their investing strategies. Currently, Smart Home Choice is one of Durham Region's largest groups of Real Estate Investors and although the company is continually growing, it offers networking, mentoring, and self-improvement opportunities to its members. In addition to Smart Home Choice, Gary is the owner of a private investment company called Deep Pockets and most recently has joined 4 others in a partnership of ownership of a real estate brokerage; Our Neighbourhood Realty. This gave Gary the courage and platform to initiate his podcast series, Real Talk With Gary. A podcast that focuses on wealth, health and everything in between. Gary attributes his success to his focus on improving his mindset, rather than improving his skillset and most importantly discovering his “why”. He is also dedicated to helping others realize their “why”, because that is the realization that led Gary to where he is today. Topics Covered: 01:41 - What gets Gary excited for summer 02:32 - Return on time, not just return on investment 03:58 - Childhood lessons he incorporates into his business 05:39 - Touching on financial literacy experience, saving versus investing, and controlling your financial future 11:37 - His journey to owning multiple properties - what worked and what didn't for him 16:47 - Overcoming challenges and focusing your energy on what moves the needle in your business 22:06 - What's so big a deal with writing down what you want to achieve? 24:31 - How to get started and really take action to make things happen [working on your mindset to create your dream life] 28:08 - Valuable market forecast for the rest of the year 2022 31:54 - Is there still something that keeps him up at night? 33:46 - What's keeping him busy at this time Key Takeaways: "You have to be careful that while you're chasing your passion, your dreams, you've also got to remember why you're doing what you're doing." - Gary Hibbert "Winning, you obviously feel great from it, but also from losing. I think that is where you get some of your biggest victories later in life because you have to go back, learn what went wrong, and then improve." - Gary Hibbert “If you write down what you want, you can focus on it with intent. It changes your life, it changes direction. And that's how you can design what you want and manifest these things into your world”- Gary Hibbert "I can't outpace inflation by having a job. That was a light bulb moment for me to say, what if I just had one more property? What if I could purchase another vehicle that could outpace inflation? And that's kind of what changed my life." - Gary Hibbert "Get into the market, learn it, understand it. You can't sit there and just talk about it from the sidelines. The game is played on the field. Get into it." - Gary Hibbert Connect with Gary Hibbert: Website: https://garyhibbert.ca/ Instagram: https://www.instagram.com/garyhibbert/ Facebook: https://www.facebook.com/smarthomechoice/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/

Are you a young Canadian who wants to succeed financially? Then this show is for you. Meet your hosts, Mario Griffiths and Ron Christopher, both young investors in the early stages of their real estate investing careers.  As they continue to build their knowledge and experiences, they've quickly realized that there is a lot to learn about real estate investing.  They definitely don't know it all. They also know this knowledge gap exists for not only themselves but those looking to get started and those looking to take their real estate investment portfolios to the next level.  This is especially true for those in the black community because in their experience, the topic of investing and even just financial literacy was such a taboo subject in their households and those of many they knew. But the great thing about real estate investing is that it's highly collaborative. With a solid network and building your knowledge, you can see positive results from making an investment in time and resources.  Like Ron and Mario, many young people have to deal with a limiting mindset about money, starting at the dinner table. Add to that, exhausting commutes to and from work and all the other challenges of life.  Good thing these two felt differently enough to not only wish to have more control but also took massive action. After taking that leap, house-hacking even before knowing what it was, and buying the first property even during a pandemic they are on the way to reaping the benefits now and in the future of investing in real estate. If this feels familiar to you, the Black Wealth Effect podcast will help you crush those limiting beliefs and fill the financial literacy and knowledge gaps that exist. It will highlight successful black real estate investors, entrepreneurs, and other allies in the investing space, to really inspire the next generation of real estate investors.  The main focus is to shift your beliefs to what is possible and give you the clarity to achieve your wealth creation goals through investing. It's also all about creating value, building a community that fosters growth, and impacts the lives of soon-to-be and existing real estate investors.  Every two weeks, they will bring you episodes that inspire you to take action. Give the show a listen, share the Black Wealth Effect podcast with those you think might benefit from the show, and please subscribe so you don't miss an episode. If you have the time to rate, and give the show a written review it really helps others find the show too - thank you.  Catch you on the next episode! Don't miss an episode - join our announcements email list http://eepurl.com/h6kR9b Join us in our Facebook Group https://www.facebook.com/groups/1650395342027022 Follow us on Instagram https://www.instagram.com/blackwealtheffectnetwork/ Connect with Mario Griffiths: Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths Website: https://www.mariogriffiths.com/ Connect with Ron Christopher: Instagram https://www.instagram.com/ron.investor/