Using Long Distance Investing to Build Generational Wealth with Isaiah Henry

Black Wealth Effect

Getting started in real estate is often thought of as buying that first property and doing it all on your own.

But real estate investing entails many facets but that doesn’t mean you have to do it all yourself. You can always focus on what you are good at and outsource the rest.

Managing this business requires people with different skill sets suitable for the many aspects involved. The skills you have in networking and building relationships will come in handy. Additionally, there are tools, apps, and software available to make communication more efficient.

In this episode, Isaiah Henry shares how he manages his real estate investing business, especially when it comes to BRRR projects, without being physically present on site. Hear about his tools and resources for automating systems and creating efficient processes.

He shares his story about how coaching and mentorship helped him grow personally and professionally and how the fear of risk stops people from getting into real estate. However, he offers a very insightful viewpoint. You have to dig it.

Finally, find out how he gives back to the community as he grows his business.

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What you will learn from this episode:

• Find out how you can successfully run your real estate business from afar without lifting yourself from your office chair.
• Learn how to make the most of the BRRRR strategy and bring in a good return without being present on-site.
• Discover how you can make a sweet property of a deal and scale your real estate business faster.

Isaiah Henry was born and raised in the Durham Region. He attended Wilfrid Laurier University as a dual sport athlete (rugby and football) where he graduated with distinction. Upon graduation, he pursued a career in law enforcement which gave him the platform and stability to start his real estate investment company, First Position Real Estate.

At First Position Real Estate, he strives to provide high-quality housing solutions for community members, clients and investors while adding valuable, attractive, and stable investment opportunities for his partners, focusing on generational wealth. Through the scholarship and co-op program, in-person events, and private lending department, he is excited about the growth and trajectory of First Position Real Estate.

Connect with Isaiah Henry:

• Email: [e-mail]
• Website: http://first-position-real-estate.mailchimpsites.com
• Instagram: https://www.instagram.com/itsmrhenry/?hl=en
• Facebook: https://www.facebook.com/FirstPositionRE/
• Youtube: https://www.youtube.com/channel/UCtVOJ9REWeazii4UBQ-XGpw
• TikTok: https://www.tiktok.com/@itsmrhenry

Topics Covered:

02:21 - Sharing his life as a dual athlete: choosing to play rugby over football 03:06 - How his stint at the Toronto Police Service helped in his real estate business journey

04:24 - What's behind putting up First Position Real Estate

05:42 - Doing initiatives and programs to give back to the community through First Position Real Estate company [scholarships and co-op programs]

08:52- Qualifications to make one eligible for the co-op program

10:09 - What made him and how he got into his first property investment

13:07 - What his succeeding deals after the first one look like[successfully doing full BRRRR without being physically there]

13:00 - Highlighting one particular property that he successfully flipped [BRRRR] for a very good ROI

18:54 - Tools he uses to help him successfully invest long distance

21:55 - Communication systems he is employing to help run his real estate business [free software and apps he uses]

25:48 - Facing risk in the real estate business

27:31 - Growing your real estate investing business with coaching and mentorship

30:41 - Important events and workshops to look forward to and what's in store for his real estate business

Key Takeaways:

"If you can make a business out of real estate, there's power for you to make income and grow wealth for you and your family." - Isaiah Henry

"A lot of people spend time, like, how am I going to finance this? How am I going to run this better? How am I going to find the next deal? I said, what if you took that same effort and worked on building relationships." - Isaiah Henry

"The biggest way that I mitigate risk is with education." - Isaiah Henry

"If you have the mindset to get started, you're more likely to mitigate that risk and come up with a successful investment." - Isaiah Henry

"You don't need all that money to get started to buy; take the money you have, get the skills so that when you know how to get the income, you're going to be able to make those successful investments there." - Isaiah Henry

"Everything comes with risk. I don't think it's something people should avoid; I think it's something that we can all mitigate. And real estate is one of the best ways to mitigate financial risks that I haven't seen in any asset class." - Isaiah Henry

"You can take the risk as it comes, do your due diligence, get some education, invest in real estate, and start changing the financial future for yourself and your family." - Isaiah Henry

"I was always with a coach. And I knew to always get to the next level; you have to be coachable." - Isaiah Henry

Connect with Mario Griffiths:

• Facebook: https://www.facebook.com/marioginvest
• Instagram: https://www.instagram.com/marioginvest/
• LinkedIn: https://www.linkedin.com/in/mario-griffiths
• Website: https://www.mariogriffiths.com/

Connect with Ron Christopher:

• Instagram https://www.instagram.com/ron.investor/