Episode 515

Flipping with Less Risk: Value-Add Deals and Smart Partnerships in Real Estate with Deji Hambolu

Welcome back to the REI Mastermind Network! In this episode, we have an incredible guest joining us, Deji Hambolu. With a background in enterprise and a transition into real estate, Deji has an impressive story to share. Juggling a part-time real estate venture while working at Coca Cola, they were able to educate themselves and search for properties during their "5 to 9." Leveraging their experience as a project manager in the corporate world, Deji excels in communication and team engagement skills.

We dive into their interest in the Atlanta and Texas markets, particularly Dallas and Houston, which share similarities in immigration and limited housing availability. These areas have high production and demand, especially for affordable housing. Deji is on the lookout for value-add deals, specifically "lift fix flips" that don't require extensive renovation. They share their strategies for finding properties and forming partnerships, utilizing social media and word-of-mouth.

But it doesn't stop there. Deji's mission is to help others succeed in real estate investing. They have already helped 57 people this year, assisting them in acquiring their first or next investment property. They focus on educating individuals on setting up LLCs correctly, developing the right business structure, and improving credit scores.

Join us as Deji shares their unconventional journey in real estate and the importance of choosing the right people to work with. We discuss due diligence for property managers and the impact of conflicts of interest. Plus, Deji reveals their unique approach to help anyone overcome credit hurdles and achieve their real estate goals. You won't want to miss this enlightening episode. Let's dive in!

Connect with Deji Hambolu: https://dejihambolu.com/

Key Topics and Bullets:

Background and Real Estate Journey

  • Transition from enterprise to real estate
  • Part-time real estate while working at Coca Cola
  • Focused on real estate during 5 to 9
  • Project management skills from corporate world

Interest in Atlanta and Texas Markets

  • Atlanta oil foundation market
  • Growing interest in Dallas and Houston
  • Similarities to Atlanta in terms of immigration and limited housing availability
  • High production and demand, especially for affordable housing

Value-Add Deals and Renovation Tasks

  • Focus on value-add deals in real estate
  • Interest in "lift fix flips" that require minimal renovation
  • Preferred occupancy rate of 60% to 80%
  • Specific renovation tasks (painting, updating flooring, cabinets, light fixtures)

Finding Investment Opportunities and Partnerships

  • Using social media and word-of-mouth to find opportunities
  • Active on Instagram and TikTok
  • People reach out for investment opportunities or to learn about investing
  • Exploring partnerships and the process of finding them

Helping Others and Education

  • Goal to help 80 people, already helped 57
  • Assisting with accessing investment properties
  • Teaching about setting up LLCs correctly and establishing trusts
  • Building a strong foundation for growing and creating a portfolio
  • Educating people with bad credit to improve their scores

Choosing the Right People to Work With

  • Importance of selecting the right people for success
  • Referrals and references as a starting point
  • Recommending those with a high-quality product or good business
  • Consider experience and proven track record
  • Due diligence in asking the right questions and checking licenses

Property Management and Conflicts of Interest

  • Due diligence on property managers before choosing one
  • Checking their current portfolio and potential conflicts of interest
  • Property managers prioritizing their own properties over clients'
  • Suggestion of conflicts of interest for property managers who own properties

Deji Hambolu's Website and Credit Improvement

  • Recommendation to visit Deji Hambolu's website
  • Recognizing credit scores as a hurdle for property purchase
  • Helping people improve their credit to expand opportunities
  • Good credit for better lending, funding, and loan options

Considerations for Property Purchase

  • Considering duplexes as single family opportunities
  • Different strategies for single family, duplexes, and triplexes
  • Single family properties as majority choice due to financing options

Unconventional Approach to Real Estate

  • Not being orthodox or conventional
  • Real estate playing a big role in the speaker's life
  • Transition into real estate with a leap of faith
  • Following an unconventional path instead of waiting for a specific plan



"You can invest 10,000 hours and become an expert or learn from those who have already made that investment." - Jack

About the Podcast

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Real Estate Investing with the REI Mastermind Network

About your host

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Jack Hoss

We gather amazing stories from leaders in Real Estate Investing. In each episode, our guests will tell you what they are doing that works, what they tried that failed, and best of all you'll learn actionable steps to take your real estate investing to the next level.