The Code to Unleashing Your Buying Power

Summary In this episode of the Black Wealth Effect Podcast, host Mario Griffiths interviews mortgage broker Royston Simon. Royston shares his personal background and career journey, including his unconventional path to becoming a mortgage broker. He...

Show Notes

Summary

In this episode of the Black Wealth Effect Podcast, host Mario Griffiths interviews mortgage broker Royston Simon. Royston shares his personal background and career journey, including his unconventional path to becoming a mortgage broker. He discusses the lessons he learned from a challenging pre-construction experience and offers advice for his younger self. Royston also shares insights into current trends among buyers and lenders in the real estate market. He highlights the importance of being proactive and seeking professional advice when it comes to mortgages. Royston shares examples of challenging deals he has worked on and discusses the importance of creative financing. He concludes by providing advice for experienced investors and sharing his future plans.

Takeaways

Be proactive and seek professional advice when it comes to mortgages and real estate investing.
Understand the risks and challenges involved in different real estate strategies, such as pre-construction purchases and renovations.
Maximize your income and minimize your debts to improve your buying power and qualify for better mortgage options.
Stay informed about current trends in the real estate market and be cautious of making decisions based on FOMO (fear of missing out).
Consider alternative lenders and creative financing options to overcome challenges and achieve your real estate goals.

Chapters

00:00 Introduction

01:20 Personal Background and Career Journey

06:20 Lessons Learned from Pre-Construction Experience

09:46 Advice for Younger Self

12:46 Trends Among Buyers and Lenders

21:56 Challenging Deals and Creative Financing

29:36 Advice for Experienced Investors

34:00 Conclusion

Connect With Royston

Instagram: https://www.instagram.com/flyynancial.solutions/

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