Ep. 148: Road to becoming "Welloff" in Real Estate

After graduating from the University of Toronto in 2012, Georges El Masri embarked on a career path that initially seemed promising—an office job with a tech company. However, he soon found himself grappling with a sense of dissatisfaction and unhappiness. After a prolonged period of self-reflection, George arrived at a pivotal realization: his true passion lay in the realm of real estate.

Contemplating what would bring him genuine happiness over the next decade, Georges made a resolute decision to pursue a career in real estate. Armed with this clarity of purpose, he took the proactive step of obtaining his realtor's license, fully cognizant that this was just the first step towards his ultimate goal of becoming a real estate investor.

In 2017, Georges executed his first successful "BRRR" (Buy, Rehab, Rent, Refinance) strategy, an experience that ignited a fervent passion for real estate investment within him. Since then, he has been unwaveringly committed to the pursuit of building wealth through strategic real estate ventures, all the while harboring a sincere desire to empower others to achieve financial success through property investment.

 

In this episode, we discussed:

• Georges' Transition to Real Estate and career progression
• His Path to Multifamily Real Estate Investment Success
• Transition from single-family to multifamily investment
• Seizing Opportunities: Acquisition of the 11-Unit Building
• Insights from Off-Market Multifamily Deals
• Strategies for Property Conversion and Renovation
• Breakdown of renovation costs and considerations for duplex conversions
• Title and Zoning Strategies
• Business Expansion and Lifestyle Management

Follow Georges' social media on:

YouTube - https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

Website - https://www.welloff.ca/

Follow Mayu on Instagram at: https://www.instagram.com/mayu.thava/

Follow Austin on Instagram at: https://www.instagram.com/austinyeh6/

Follow the RISE Network Facebook at: https://www.facebook.com/groups/risenetworkevent

Follow the RISE Network Instagram at: https://www.instagram.com/risenetworkevent/

RISE Real Estate Wholesaling 101 Course:

https://rise-network-course.teachable.com/p/real-estate-wholesaling-masterclass-101

RISE Network Real Estate Investing Essentials Bundle: https://rise-network-course.teachable.com/p/rise-network-real-estate-investing-essentials

 

If you or anyone you know is looking to sell their house, visit: www.fastontariohomebuyer.ca

 

Disclaimer: This podcast is all about providing you information, not financial or legal advice. So if you need the real deal for your situation, hit up a professional. We can't promise you our information is always up to date or accurate, and we're not responsible for any investment decisions you make based on it.

Markets change, Information change. You know the drill. Anyways. Thank you for hanging out with us responsibly.