On this episode, the boys welcome Jelani Smith who has invested in 8 properties on his way to building a $11 million real estate portfolio. He is recognized as a RE/MAX Hallmark Top 1% realtor. He is also the founder of Bay Street Blog, and if passionate about educating people on personal finance and real estate.
Follow Jelani:
https://www.baystreetblog.com
Timestamps:
0:00 Intro
1:10. Jelani’s journey into building a real estate portfolio
10:16 Any misconceptions about real estate
12:40 What to look for when choosing a realtor
13:39 Private sale vs going through a realtor
14:50 Misconceptions about investing in real estate
16:45 Investing is pre-construction properties
19:44 Real estate investing vs stock investing
21:51 Effects of high interest rate climate
23:10 “Hustle”culture of real estate investing
27:00 Overrated and underrated areas around the GTA
32:45 Bay Street blog
36:25 Differences between current and prior generations when it come to financial literacy
38:12 Growing up with disability
43:00 Role Jelani’s parents have played in his success
45:10 Any big mistakes
46:32 His personal philosophy towards wealth
47:54 How he has leveraged social media
50:10 The BRRRR strategy of real estate investing
54:08 Which hypothetical time period would Jelani want to buy real estate
57:48 Jelani’s dream home
59:08 Goals for the future
1:00:48 Technology in real estate
1:03:08 Ottawa real estate
1:06:40 Suburbs vs city
1:08:40 Advice for buying a home
1:10:10 Advice for future realtors