How to Strategically Choose the Right Investment Strategy with Brian Gordon
Release Date: 09/29/2022
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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...
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Short Term Rental Design & Management Checklist For Thriving In A Challenging Market
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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,...
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How A 22 Year Old University Student Started His Wealth Building Journey
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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...
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Tech CEO Turned Successful Real Estate Investor
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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...
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The Code to Unleashing Your Buying Power
Black Wealth Effect
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...
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Market Pulse & Top Tips For Finding Off - Market Properties
Black Wealth Effect
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...
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Insider Secrets to Virtual Wholesaling
Black Wealth Effect
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...
info_outlineNewbie 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.
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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/