Building a $11 million real estate portfolio with Jelani Smith (#16)

On this episode, the boys welcome Jelani Smith who has invested in 8 properties on his way to building a $11 million real estate portfolio. He is recognized as a RE/MAX Hallmark Top 1% realtor. He is also the founder of Bay Street Blog, and if passionate about educating people on personal finance and real estate. Follow Jelani:   / jelanismith   https://www.baystreetblog.com Timestamps: 0:00 Intro 1:10. Jelani’s journey into building a real estate portfolio 10:16 Any misconceptions about real estate 12:40 What to look for when choosing a realtor 13:39 Private sale vs going through a realtor 14:50 Misconceptions about investing in real estate 16:45 Investing is pre-construction properties 19:44 Real estate investing vs stock investing 21:51 Effects of high interest rate climate 23:10 “Hustle”culture of real estate investing 27:00 Overrated and underrated areas around the GTA 32:45 Bay Street blog 36:25 Differences between current and prior generations when it come to financial literacy 38:12 Growing up with disability 43:00 Role Jelani’s parents have played in his success 45:10 Any big mistakes 46:32 His personal philosophy towards wealth 47:54 How he has leveraged social media 50:10 The BRRRR strategy of real estate investing 54:08 Which hypothetical time period would Jelani want to buy real estate 57:48 Jelani’s dream home 59:08 Goals for the future 1:00:48 Technology in real estate 1:03:08 Ottawa real estate 1:06:40 Suburbs vs city 1:08:40 Advice for buying a home 1:10:10 Advice for future realtors 1:12:03 Closing off