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.
Ashley:
This is Real Estate Rookie, episode 201.
Gus:
Now that I got into real estate as an agent wise, I knew it was time for me to have a backup plan. I can’t just be a realtor. What if I break my leg? What if something happened to me? I need something as a foundation to back it up. And the more I started diving into the podcast that you guys do, speaking to my mentor, things along those lines, I knew that investing was going to be a key part of my journey to eventually where I don’t have to be an agent and just sling houses all day, I can start focusing on my time on developing houses and making money off of that.
Ashley:
My name is Ashley Kehr, and I am here with…