The Moonlight Real Estate Side Hustles and Syndications Show

Starting With No Money and Juggling Multiple Jobs to Scaling a Commercial Real Estate Business with Bibi Ofiri

โ€ข Eric Lindsey โ€ข Season 1 โ€ข Episode 130

๐ŸŽ™๏ธโœจ New Podcast Episode! Meet Bibi Ofiri: From Grit to Greatness in Real Estate ๐Ÿ ๐Ÿ’ผ๐Ÿ’ช

I had the privilege of sitting down with Bibi Ofiri, the inspiring COO of Blue Ocean Equity LLC! ๐ŸŒŠ๐Ÿ‘ฉโ€๐Ÿ’ผ Her story is one of pure resilience and determinationโ€”balancing multiple jobs ๐Ÿƒโ€โ™€๏ธ๐Ÿ’ป, pursuing a degree ๐Ÿ“š๐ŸŽ“, and caring for her family ๐Ÿ‘จโ€๐Ÿ‘ฉโ€๐Ÿ‘งโ€๐Ÿ‘ฆโ€”all while breaking into the real estate world! If youโ€™re navigating lifeโ€™s challenges and wondering how to start investing in real estate, this episode is for YOU! ๐Ÿš€๐Ÿ’ก

โœจ Bibiโ€™s Real Estate Journey
Originally from Nigeria ๐Ÿ‡ณ๐Ÿ‡ฌโœˆ๏ธ, Bibi came to the U.S. with plans to return home. Life had other ideas, as family health challenges required her to adapt and stay. While working multiple jobs and earning a degree in cybersecurity, she discovered her true passion: real estate ๐Ÿ˜๏ธโค๏ธ.

๐Ÿ’ผ Her big break came when she turned a skeptical boss into a real estate partner ๐Ÿค, opening doors to joint ventures, multiple flips, and even a vacation rental portfolio. ๐Ÿšช๐Ÿ’ธ

๐ŸŽฏ Key Deal Breakdown:
๐Ÿซโžก๏ธ๐Ÿก Student Housing Flip in Pennsylvania:
๐Ÿ•ต๏ธโ€โ™€๏ธ Research & Market Confidence: Extensive research revealed high demand for family rentals.
๐Ÿ’ผ Winning Over Investors: It wasnโ€™t easy, but her persistence and local insights sealed the deal!
๐Ÿ’ธ Overcoming Setbacks: Two weeks before closing, her primary lender backed out. ๐Ÿ˜ฑ Through quick networking, she raised $2.8M within 24 hours! ๐Ÿ”ฅ
๐Ÿ› ๏ธ Execution: Successfully converted student housing into family rentals, creating a high-performing asset with minimal renovations.

๐ŸŒ™๐Ÿ’ก Bibiโ€™s Quick Tips for Real Estate Success:
๐ŸŽ“ Start with education: Learn the basics to make informed decisions.
๐Ÿค Build partnerships: Partnering can help you scale, even with limited cash.
๐Ÿ’ช Play to your strengths: Whether itโ€™s networking, project management, or underwriting, find your edge and leverage it!



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