Black Wealth Effect Mario Griffiths and Ron Christopher

Real estate investing has long been seen as a safe, sound, and reliable form of investment. But a market correction can have a big impact on real estate investors, leaving many feeling overwhelmed and wondering how to thrive in a market downturn.
There are periods of time when prices dip which can result in losses. While this can be a difficult time for real estate investors, it doesn’t have to be the end.
It’s important to take a step back and assess the situation. It’s a good idea to keep tabs on the market and know when to adjust your strategy.
It’s also essential to be creative. By following a few simple tips, investors can survive market corrections and come out ahead during various market conditions.
In this episode, Austin Yeh shares key insights to consider when finding deals in today's market so that you can be successful in your projects. He reflects on the most difficult challenges he faced and the important matters he needed to address in his investing journey, providing valuable lessons that can be applied to running a successful real estate investing business.

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What you will learn from this episode:
Learn about creative strategies where tenant issues are concerned and win in your deals. Understand why location matters and know important tips when getting insurance. Know how to find opportunities amidst risky markets. Austin Yeh  is an experienced real estate investor, owning and controlling multi-million dollar assets under management at the age of 25.
He co-founded Ontario Property Deals which uses proprietary marketing systems to find off-market, private, and discounted properties for real estate investors and fix-and-flippers. Scaled the business to be a 7-Figure revenue business with multiple full-time employees within the first year of operations.
He also founded the RISE Network community, one of the largest real estate investor groups in Ontario for aspiring, intermediate, and advanced real estate investors. At the same time co-founded the RISE Real Estate Investing Podcast, a top ranked Canadian Real Estate podcast which aims to educate and inspire the everyday person to take control of their financial future through real estate investing.
He is a University of Toronto Graduate specializing in Finance and maintaining an academic excellence (3.89 cGPA) while taking on executive roles in (inter)national organizations. He has a versatile skill set in a multitude of areas achieved by working in consulting, auditing, financial planning, and data and analytics (D&A).

Connect with Austin Yeh:
Website: https://linktr.ee/austinyeh6 Instagram: https://www.instagram.com/austinyeh6/ Facebook: https://www.facebook.com/jaydenkennedyrealestate/about YouTube: https://www.youtube.com/watch?v=gmth6uO_mnk                         https://www.youtube.com/watch?v=YwwQEdoj9mk&t=3s
                       https://www.youtube.com/watch?v=ZlWDY84oMYo
                      https://www.youtube.com/watch?v=2HkEJ7OOV_w
 Mastermind: https://www.youtube.com/watch?v=2HkEJ7OOV_w Magazine: https://magazine.utoronto.ca/people/alumni-donors/the-property-guy-austin-yeh/                            https://torontolife.com/real-estate/young-investor-success/
 
Topics Covered:
04:07 - What he would do now if he were to start investing all over again
08:25 - Facing a major challenge that tested his spirit but one where he got the most significant learnings
13:59 - What you should need to know about tenant laws, and important tips on location, and getting insurance
16:57 - Important points you need to think about when doing flip deals in today's market
19:12 - Creative conditions you can employ when dealing with multi

The real estate market is constantly evolving, and with the current economic climate, investors need to be even more mindful of their strategies and decisions. Navigating today's real estate investing market can seem daunting, yet there are ways to gain an edge. And making the right decisions and investing in the right markets is key to success, and there are a few key factors to consider when looking to invest in real estate.

In this episode, Mayu Thava helps us explore what investors need to know to make informed decisions and capitalize on current opportunities.

With the ever-changing market conditions and the potential for both profit and loss, it’s important for investors to stay informed on the latest trends and strategies.

While it's important to identify the best investments, it's also important to spread out the risk across different types of investments.

This way we maximize our potential for success especially in today’s downward market.

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What you will learn from this episode:
Learn to stress test your properties so you manage risk and future losses. Find out which strategies to stay away from to minimize risk while still potentially achieving strong returns even in today’s market. Understand the value of due diligence and risk mitigation especially now with the current  market situation. From a young age Mayu Thava was interested in real estate, the gleaming apartment buildings in the suburb he first lived in, to the acres of farmland, fix and flip tv shows and stores of wealth created through real estate – it all amazed Mayu. So it was natural that Mayu began his real estate journey in 2015 immediately upon graduating from his undergraduate degree. As a new undergrad he followed the conventional way of investing, purchasing two pre-construction properties. Soon after, realizing the illiquid investment was not meeting his needs, he purchased a cash flow negative investment property in the greater Toronto area. This was the beginning of a series of lessons which allowed Mayu to develop the real estate knowledge, wisdom and expertise that he has today.

Beginning in 2018, Mayu explored the merit behind the BRRRR method of real estate investing. After having moderate success in the Greater Toronto Area, he began to focus on true cash flowing assets in tertiary markets. Mayu tested the Windsor market with a single-family home and quickly validated his expectations for the region. Seeing the opportunity currently present in the Windsor market, Mayu knew there was an arbitrage opportunity that required quick aggressive action. With the help of investors, Mayu has quickly scaled his portfolio in Windsor to benefit from the arbitrage opportunity, while benefiting from economies of scale.
Along the way, Mayu has participated in wholesale (opportunities where off market properties are purchased, closed and sold on market within a short period of time) and fix and flips on homes he does not intend to keep long term. This has allowed him to create quick wins for some loyal partners along the way as well with attractive returns.

Today, Mayu is a member of a mastermind and coaching program to the tune of low 5 figures which allows him to leverage his network of investors, coaches and mentors. He is focusing on helping other investors achieve similar results through a podcast he co-hosts (RISE Real Estate Investing Podcast), individual coaching calls and more.

Through focusing on the velocity of both his own and his investors capital, Mayu has amassed a portfolio of 20+ properties, 30+ units with single family homes up to fourplexes. He continues to purchase larger multi family properties, actively identifies and flips real estate and acts as a private lend

Many of us have a misunderstanding about investing in land development, which is the misconception that we need a large sum of money to get started. However, investing in land development can be one of the most lucrative and rewarding investment opportunities available.

Not only can land development investments provide high returns, but they can also be a great way to create wealth. With the potential for greater returns than other asset classes, investing in land development can be the best way to diversify your portfolio.
In this episode, Thalia shares valuable insights on how investing in land development is not as daunting as one might think. She provides essential tips and advice to those considering investing in this space, making it easier to understand the process and get started.
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What you will learn from this episode:
Unlock the potential of land development without breaking the bank and discover creative ways to finance land development. Learn the best tips to maximize your potential returns when investing in land development. Understand the mindset about wealth creation in real estate investment. Meet Thalia Cuadra, a woman who decided to start her real estate journey a year ago.Thalia is a dedicated and motivated individual who believes in the power of hard work, determination, and taking action. She has a passion for real estate and loves the thrill of the hunt when it comes to finding the perfect investment property. Unlike many who enter the industry as brokers or agents, Thalia began by investing in real estate to create long-term passive income and build her portfolio. Through hard work, education, and business partnerships, Thalia has successfully purchased 13 units within a year, significantly increasing her net worth.Thalia is always looking for ways to improve and expand her knowledge in the field of real estate. She is constantly seeking out new opportunities to network with like-minded individuals and attend seminars and workshops to learn new skills and techniques.

In addition to her success in real estate, Thalia has also found fulfillment in starting her coaching business. She is honest with her students about her own learning and growth while encouraging them to take action and hold her accountable. For Thalia, taking consistent action has been the key to achieving her goals and making her dreams a reality. With her determination, work ethic, and passion for real estate, Thalia is sure to continue achieving great things in both her personal and professional life.
Connect with Thalia Cuadra:
Instagram: https://www.instagram.com/investwiththalia/ Facebook: https://www.facebook.com/thalia.cuadra.35/ Topics Covered:
03:35 - How Thalia got started in real estate
12:31 - The best thing about land development and what you need to know about it
14:56 - Going through the land development process and the first thing you need to do at the get go
18:20 - Important insights from Thalia's first land development deal
24:12 - Placing value on the power team and due diligence
25:16 - Valuable tips to consider when thinking of land development
26:36 - How useful is the recently passed Bill 23 for those deciding to invest in land development?
30:27 - Important advice when investing in land development
34:05 - What keeps Thalia busy these days when it comes to the real estate space?
 
Key Takeaways:

"The biggest wealth transfer is the mindset, it's not really the assets or the money, it's the skill set that you need to sustain that legacy. "- Thalia Cuadra

"It took me about a year to really get in the game, I went on multiple walkthroughs, I network with different realtors kind of got familiar with the space and my market, essentially."- Thalia Cuad

Employment never assures us of security. Even with many years of experience and time spent with a company, things are never certain. Sometimes, one day you find yourself being let go, and that's the end of it. That adds to the financial dilemma besides going through the stress of losing your job and finding a new one.
Engaging in real estate investing gives you financial freedom. Even with a full-time job, you can always do real estate on the side and eventually focus on it when the time is right. How can a newbie like you get started and do well in real estate amidst the current market situation?
In this episode, Deborah Ojo shares what her journey was like shifting from teaching to becoming a real estate entrepreneur earning her a multi-million dollar business and opening doors for her to pay it forward, so others are given the same opportunities that she is enjoying now.
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What you will learn from this episode:
Find out how you can create a fallback plan and multiple income streams even with a full-time job. Learn about the upsides to high market interest rates and the strategies that will help you earn well despite the setbacks. Discover how you can not only make but also keep your money in real estate. Deborah Ojo of Deborah Homes is a multi million dollar real estate investor and an award winning real estate broker devoted to serving the needs of real estate buyers and sellers throughout the Greater Toronto Market . When she’s not investing into real estate herself, she is helping her clients start or continue to achieve their financial freedom through Real estate.
Just as the industry has evolved to become more innovative, so have Deborah. Her clients know her for her honesty, highest level of client service and 100 % determination to help them achieve their goals no matter what. Her clients can count on nothing less than an executive experience with an intimate knowledge of the GTA market. She has also built an incredible network of fellow agents that makes Deborah Homes a natural repertoire of dynamic qualities that set them apart and enable her to successfully procure the goals of the buyers and sellers she represents.
Connect with Deborah Ojo:
Website: https://deborahomes.com/ Topics Covered:
03:14 - Getting multiple income streams: thinking of deployment versus employment
05:01 - How you can have a fallback plan
06:02 - Transitioning from being a teacher to a real estate entrepreneur [making a good ROI on her first investment property]
08:58 - Applying her teaching skills to the real estate space
10:26 - Market trends and forecasts you should be aware of this year 2023
16:05 - What you can look forward to despite the high market interest rates
18:00 - What is private lending, and how does she vet other investors to partner with her?
21:23 - Collaterals Deborah uses for private lending [discussing promissory notes and second position mortgage]
24:30 - What you can do as a newbie investor who is looking for private lenders to fund a deal
27:35 - Talking about her passion for giving back in the real estate space [opening opportunities for others to have financial freedom]
32:07 - What's coming up next for Deborah in the real estate aspect and what she keeps doing to give back to the community

Key Takeaways:
"Stick to the fundamentals because we really don't know what's going to happen." - Deborah Ojo
"Different strategies apply to different markets."- Deborah Ojo
"Real estate is not only about making money; it's about keeping the money as well." - Deborah Ojo
"Be strategic in employing all these other strategies; strategies help you to be more tax efficient in dealing with your wealth and your portfolio." - Deborah Ojo
"A second mortgage guarante

We look forward to what this year has to bring with hope and excitement, but we also never forget to reflect on the year that was, relishing the experiences we had and what they taught us.
In this episode, Mario and Ron discuss what it takes to be in the real estate investing business. In addition, they share with us their 2022 investment deals and projects, challenges they overcame, and valuable lessons learned.
As real estate investors who continue to grow their portfolios, let's hear them talk about what's coming up for them in 2023, the strategies they have in place, and how they continue to deliver value in the real estate space.
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Topics Covered:
01:36 - Mario and Ron's significant learnings in 2022
07:52 - What Mario and Ron would have done differently in their strategies if they were to start again
10:54 - Looking back at these deals and projects that mean so much to Ron [ plus the invaluable learnings from doing these deals]
15:45 - Important thoughts on BRRRRs and flips
16:46 - Mario sharing a successful BRRRR project in 2022 [ plus touching on the value of the power team and due diligence, having a contingency fund and plan]
19:24 - Priorities, plans, and goals for 2023
23:34 - Ways Mario and Ron are delivering value this year 2023
Key Takeaways:
"Being comfortable with stress testing our portfolio. Be comfortable with the numbers, more or less. And if the numbers don't work, don't try to massage it; it just doesn't work." - Ron Christopher
"A lot of us, we try to focus so much on acquiring that next property. And we don't focus a lot on stabilization and what that would actually look like after we acquire." - Ron Christopher
"You probably shouldn't buy anything requiring a lot of renovation just to keep your costs low. And that way you'll be able to refi at a good value." - Ron Christopher
"Real estate investing is truly a long-term investment strategy. And it's not a kind of get-rich-quick tactic out there." - Mario Griffiths

"In terms of setting goals and thinking about what financial freedom looks like for you? What lifestyle do you truly want to live in 5, 10 years, and worrying less about how -- all the intricate details, and more on the who." - Mario Griffiths
"The importance of having a team and obviously due diligence are extremely important, especially when working with contractors for the first time. Because the things that you think might go wrong, likely will. And so you have to ensure that you have that kind of contingency funding in place and a contingency plan." - Mario Griffiths
Connect with Mario Griffiths:
Facebook: https://www.facebook.com/marioginvest Instagram: https://www.instagram.com/marioginvest/ LinkedIn: https://www.linkedin.com/in/mario-griffiths
Connect with Ron Christopher:
Instagram https://www.instagram.com/ron.investor/  
 

At first, everything you do can seem overwhelming. You even doubt yourself, make mistakes, and get confused.
In real estate, the same thing can happen. While there are struggles, opportunities are abundant as well. There are ways to get started and seek help. Even without any capital, you can start investing in real estate.
This episode discusses Keshera Lyon's strategy for diving into real estate investing without capital. Her experience getting into her first wholesale deal highlights the importance of mindset for overcoming all the challenges you face. In addition, she discussed the importance of considering key factors when analyzing properties to maximize their income potential.
With the ongoing high interest rate environment, she discusses ways you can stay afloat. She also recommends strategies that don't require a large amount of money up front and generate steady cash flow if you're considering pivoting.
As far as mentorship is concerned, she can't emphasize it enough. It has been instrumental in her success as a real estate investor. There is nothing better than also having a good team on your side.
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What you will learn from this episode:
Find out one smart way to get started in real estate with no money. Learn about finding outstanding wholesale deals that are low-priced. Know what opportunities you can find amidst interest hikes that are happening in the market. Keshera Lyons is the CEO of VHP Inc. She started off in real estate via wholesaling and flipping homes. She’s currently exploring property management and arbitrage, but mainly she’s focusing on multifamily these days.
Connect with Keshera Lyons:
Facebook: https://www.facebook.com/Journey2investingRE/ Topics Covered:
00:50 - Who is Keshera Lyons and how she got started in real estate, and what she is focusing now
05:01- Why she jumped into real estate via the wholesaling route, and what her experience was like getting her first wholesale deal [plus how to get the best deals]
08:03 - What she learned from her first wholesale deal
09:34 - How do on-market deals differ from off-market deals [the value you can find with on-market deals and important considerations to close a deal]
10:45 - What it was like pushing her limits with her first deal
12:30 - Best apps and resources that keep her wholesaling business up and running
13:54 - Working on her first multifamily deal [single-family home versus multifamily properties income-wise]
14:28 - Important factors to consider when analyzing properties
18:20 - How rising interest rates impact the multifamily space
19:01 - Win-win strategies during a recession
20:42 - Pivoting her business with arbitrage
23:07 - How coaching massively helped her in her real estate investing journey
25:00 - Important takeaways from the whole experience of getting started in real estate investing
26:38 - What she’s up to these days where real estate is concerned
Key Takeaways:
"Keep doors of communication open with the buyers and with the sellers, to be as transparent as possible. And to definitely know , like, whatever province you're looking to do real estate, know, the forms that come with it." - Keshera Lyons
"You're the only one that stands in your own way; it's all about believing in yourself." - Keshera Lyons
"Have a mentor or a circle that you can go to to ask questions. A good lawyer, who's not only good in real estate, but who's real estate investor savvy." - Keshera Lyons
"The higher you go, the more units you go, the easier it is because, with a single family, they're looking at your personal income. With multifamily. they're looking at the income of the property itself." - Keshera Lyons
"With underwriting or analyzing properties, it's important to have