Black Wealth Effect

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

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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: [email protected]
• 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: [email protected]
• 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: [email protected]
• 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: [email protected]
• 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/