Quitting Corporate to Build a 23-Unit Post-Pandemic Rental Portfolio
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
Connect with Gus:
Check out the full show notes here: https://biggerpockets.com/blog/rookie-201
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