Keys To Completing Your First Renovation Project
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...
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How to 10X Your Real Estate Business
Black Wealth Effect
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...
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Self Made - From Homeless To 140 Doors
Black Wealth Effect
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...
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Short Term Rental Design & Management Checklist For Thriving In A Challenging Market
Black Wealth Effect
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...
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From Trades To Triumph - Tips For Growing Your Mindset
Black Wealth Effect
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
Black Wealth Effect
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
Black Wealth Effect
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_outlineIn 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
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.
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
- Website: https://www.propertypathways.ca/
- Linkedin: https://www.linkedin.com/in/propertypathways/
- Instagram: https://www.instagram.com/propertypathways/