Welcome to the Managing CRE Risk podcast with Jeremy Goodrich. Our guest today is Ola Dantis, a multifamily investor and an absolute dream chaser and action taker. In our conversation, he shares how he moved 3 continents to make his dreams come true, and how to take significant risks and massive actions to succeed in the end.
If you want to learn how to be a risk-taker and build a strong portfolio, this episode is a must for you!
Learn more about Ola and his journey at shineinsurance.com/managing-commercial-real-estate-risk!
“I’ve lived on 3 continents. North America is the best one.”
Ola grew up in Nigeria, West Africa. As a child, he never dreamed of owning a multifamily real estate business. He moved to the UK when he was 16 and 10 years ago ended up in the US with his wife. Here, he got interested in real estate investing.
According to Ola, the US is the best place to live because there are great opportunities and a capitalistic system that is easy to plug into.
“You’re not a tree, you can move. This could be a mental move or geographical move, but you can move, and that will radically change your mind.“
Ola moved to Houston from Baltimore during the pandemic to further his career even more. This transition helped him grow his portfolio significantly. He is very comfortable with moving for different opportunities and this is what he recommends to everyone as well. True success only comes if we’re willing to take risks.
Ola shares his best pieces of advice on how to balance risk and reward while making a decision.
- Educate yourself and take calculated actions.
- Don’t be afraid of making quick decisions but keep evaluating the process as you go.
- Respect the asset that you’re working with and respect the business.
- Create a solid business plan that helps everyone involved in the business to know what to do.
“I’m a big believer that relationships are what really drive the business.”
Ola talks about how he builds his team. He prefers to have people on his team who are faster than him, so they can motivate him to make quick decisions. He likes to find team members through referrals.
At the end of the conversation, Ola talks about what he sees as the biggest risk investors face nowadays.
- We’re possibly entering a recession soon. This will affect investors negatively.
- The high inflation rate makes it harder to invest in real estate.
- The war in Ukraine is affecting the market as well.
About Our Guest, Ola Dantis
Ola, an entrepreneur at heart, brings his experience in owning and managing cash-flowing multifamily property in his personal real estate portfolio to larger multifamily investing with over $40,000,000M in deals. This foundational experience derived from the strategic acquisition, renovation, and repositioning has been instrumental in the apartment syndication space, resulting in a competitive edge in value add and equity creation. In addition, Ola draws from his leadership and analytic skills as a manager for a Fortune 10 company.
Mentioned in the show:
- His Instagram
- Jeremy’s LinkedIn
Need an instant insurance ballpark for your next Multifamily deal?! Answer 9 simple questions and we’ll give you a sense of what insurance should be. Visit us here for everything you need to know: https://www.shineinsurance.com/ballpark/
Special thanks to Ola Dantis for taking the time to share so many great insights with us
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