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Real Estate Rookie

201: Quitting Corporate to Build a 23-Unit Post-Pandemic Rental Portfolio w/Gus Ofili

Real Estate Rookie

BiggerPockets

Entrepreneurship, Education, Investing, Business, How To

4.71.8K Ratings

🗓️ 20 July 2022

⏱️ 70 minutes

🧾️ Download transcript

Summary

The beautiful thing about real estate is that there is endless room for growth. While some jobs have a capped amount of opportunity, real estate encourages constant advancement. Today’s guest, Gus Ofili, began his investing journey after the pandemic and now has nine properties with twenty-three units.  Gus turned to real estate after deciding to leave his nine-to-five at a bank. He didn’t hate his job, in fact, he was doing very well, but there wasn't adequate room to grow. Gus started realizing he was getting passed up on opportunities by people who dedicated at least a decade of their life to the bank. He couldn't see himself taking ten years of his life for a career milestone—so he quit. Initially, real estate intrigued Gus because of the thrill he got from negotiating. He started taking classes to become a realtor while working his nine-to-five. As an agent, he sold fifty homes in his first year, seventy-one in his second, and 108 in his third year. While he did exceptionally well as a realtor, he wanted a backup plan and knew investing would be a fundamental part of his real estate career. He had the opportunity to sell a five-unit house, but when the first appraisal fell through, he began to see potential in the home, decided to buy it, and as the saying goes—the rest is history.  In This Episode We Cover Quitting your nine-to-five and how to prepare to do so How to use social media to gain free exposure and grow your brand   Finding a profitable side hustle in real estate and the benefits of becoming a leasing agent Clubhouse and how to use it to learn more, expand your network, and gain motivation Overcoming the fear of buying your first investment property and how to make the transition as smooth as possible And So Much More! Links from the Show Ashley's Instagram Tony's Instagram BiggerPockets Real Estate Rookie Podcast Real Estate Rookie Facebook Group BPCON2022 Airbnb STR Summit Clubhouse Discord BiggerPockets Forums Facebook Marketplace Connect with Gus: Gus' Facebook Gus' Instagram Check out the full show notes here: https://biggerpockets.com/blog/rookie-201 Interested in learning more about today's sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

This is Real Estate Rookie Episode 201.

0:05.7

Now that I got into Real Estate as an agent wise, I knew it was time for me to have a

0:11.0

backup plan.

0:12.0

You know, I can't just be your realtor.

0:14.2

You know, what if I break my leg?

0:15.4

What if something happened to me?

0:16.6

I need something as a foundation to back it up and the more I started diving into the

0:21.4

podcast that you guys do, speaking to my mentor, things along those lines, I knew that investing

0:28.6

was going to be a key part of my journey to eventually where I don't have to be an agent

0:33.4

and, you know, just sling houses all day.

0:36.0

I can start focusing on my time on developing houses and making money off of that.

0:41.8

My name is Ashley Care and I'm here with my co-host Tony Robbins.

0:46.0

And welcome to the Real Estate Rookie podcast where every week, twice a week, we give you

0:50.0

the inspiration, information, and amazing stories you need to hear to help you kickstart

0:54.8

your Real Estate investing journey.

0:56.8

And it's something else we like to do from time to time when the Real Estate Rookie podcast

0:59.8

is read some of the amazing reviews we get from some of our listeners, but I'm going

1:03.8

to switch it up today because we got a less than amazing review and I just wanted to share

1:09.1

with you guys.

1:10.1

I got a good laugh out of it.

1:11.1

So this one is from Rexie Poo Poo and Rexie said, I've listened to the show since the

1:17.1

beginning and I've learned some interesting information.

...

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