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...
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:
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:
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
"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 guarantees your money better than a promissory note; you want to be careful of promissory notes. I've done it only for people I've worked with before. But I still have a personal guarantee on their other assets."- Deborah Ojo
Connect with Mario Griffiths:
Connect with Ron Christopher: