Episodi

  • How A 22 Year Old University Student Started His Wealth Building Journey

    How A 22 Year Old University Student Started His Wealth Building Journey
    Apr 26 2024

    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
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    36 min
  • Tech CEO Turned Successful Real Estate Investor

    Tech CEO Turned Successful Real Estate Investor
    Apr 5 2024
    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 houseFocusing on the bigger picture and the future goals is more important than getting the highest price for a houseHaving the right mindset and being willing to let go of attachments can lead to a smoother selling process. Chapters 00:00 Introduction and Background3:38 Solving Transportation Problems in Lagos7:56 The Power of Branding and Community Building11:52 Building a Unique Brand in the Motorcycle Hailing Industry29:02 Understanding Seller Motivations in Off-Market Deals40:39 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/751099089507900YouTube: 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/marioginvestInstagram: https://www.instagram.com/marioginvest/LinkedIn: https://www.linkedin.com/in/mario-griffiths
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    47 min
  • The Code to Unleashing Your Buying Power

    The Code to Unleashing Your Buying Power
    Mar 4 2024
    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/marioginvestInstagram: https://www.instagram.com/marioginvest/LinkedIn: https://www.linkedin.com/in/mario-griffiths
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    39 min
  • Market Pulse & Top Tips For Finding Off - Market Properties

    Market Pulse & Top Tips For Finding Off - Market Properties
    Feb 14 2024

    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/
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    8 min
  • Insider Secrets to Virtual Wholesaling

    Insider Secrets to Virtual Wholesaling
    Dec 4 2023
    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
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    36 min
  • Humble Beginnings, Hospitality and Scaling Your Short-Term Rental Portfolio

    Humble Beginnings, Hospitality and Scaling Your Short-Term Rental Portfolio
    Nov 2 2023
    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/marioginvestInstagram: https://www.instagram.com/marioginvest/LinkedIn: https://www.linkedin.com/in/mario-griffiths
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    31 min
  • Flip the Paper - Your Land Development Blueprint

    Flip the Paper - Your Land Development Blueprint
    Sep 21 2023
    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/marioginvestInstagram: https://www.instagram.com/marioginvest/LinkedIn: https://www.linkedin.com/in/mario-griffiths
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    41 min
  • Strategically Scaling Your Portfolio with No JV Partners

    Strategically Scaling Your Portfolio with No JV Partners
    Jul 27 2023
    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/marioginvestInstagram: 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    
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    29 min