Black Wealth Effect Mario Griffiths
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- Business
Have you found when it comes to investing, a knowledge gap exists for many people looking to get started or take their existing portfolio to the next level?
In the black community, investing and even the topic of financial literacy almost seem to be taboo subjects.
Introducing the Black Wealth Effect podcast, a show about Inspiring the next generation of black Canadian real estate investors, looking to fill the financial literacy and knowledge gaps that exist.
Every two weeks join your host, Mario Griffiths, a young investors who is in the early stages of his real estate investing career in Canada, as he talks to black real estate investors, entrepreneurs, and other allies and uncover their successes, insights, and lessons.
Listen in as we inspire and inform you to help align your wealth creation goals and set you on the path to your own real estate investing success.
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How A 22 Year Old University Student Started His Wealth Building Journey
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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Tech CEO Turned Successful Real Estate Investor
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 house Focusing on the bigger picture and the future goals is more important than getting the highest price for a house Having the right mindset and being willing to let go of attachments can lead to a smoother selling process. Chapters
00:00 Introduction and Background 3:38 Solving Transportation Problems in Lagos 7:56 The Power of Branding and Community Building 11:52 Building a Unique Brand in the Motorcycle Hailing Industry 29:02 Understanding Seller Motivations in Off-Market Deals 40:39 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/751099089507900 YouTube: 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/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths -
The Code to Unleashing Your Buying Power
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/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths -
Market Pulse & Top Tips For Finding Off - Market Properties
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/ -
Insider Secrets to Virtual Wholesaling
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 -
Humble Beginnings, Hospitality and Scaling Your Short-Term Rental Portfolio
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/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths