Welcome back to another episode of the Latin Wealth Podcast, your go-to resource for entrepreneurship, investing, and business insights tailored for the Latino community. In today’s exciting episode, we are joined by the dynamic Rosalyn Ortega-Elie, Founder of Urban Teach, an educational platform focused on real estate investing and entrepreneurship for beginners.
Latin Wealth family! Let’s jump into the conversation with Rosalyn, a seasoned real estate investor, business owner, and international real estate broker. She’s not just talking the talk; she’s walked the walk, teaching and coaching over 4,000 students on strategically investing in cash-flowing assets. Let’s get started!
Investing in the Dominican Republic: Unlocking Opportunities Our discussion begins with Rosalyn’s excitement about investing in the Dominican Republic (DR). Beyond her Dominican roots, she delves into her investments, including three hotels to be operated by Hyatt. Rosalyn highlights the nuances of investing in the DR compared to the United States, shedding light on the unique benefits and opportunities available.
The Process of International Investing: Setting Yourself Up for Success Rosalyn shares invaluable insights into the process of international investing. She emphasizes the importance of understanding local rules, laws, and building key connections to ensure a smooth investment journey. From her personal experiences, she emphasizes the significance of being hands-on, making regular trips, and fostering relationships to navigate the complexities of international real estate.
Renting vs Owning: Navigating Job Layoffs and Shifting Mindsets In the face of recent job layoffs, particularly in the tech industry, we explore the evolving mindset of the younger generation towards renting and owning. Rosalyn provides her perspective on the increasing focus on freedom and flexibility, emphasizing the need for a mindset shift towards investing. She encourages individuals to evaluate their numbers, emphasizing the financial benefits of ownership over renting in the long run.
Rosalyn’s Approach to Full-Service Investing in the DR Rosalyn’s commitment to providing a comprehensive service to her clients in the DR is evident. She discusses her approach to creating a full-service atmosphere, beyond just selling properties. With frequent visits, she ensures buyers receive detailed information, from legal advice to utilities setup and insurance options. Rosalyn’s dedication to service extends beyond transactions, creating lasting relationships with clients.
The Impact of the Economy on Real Estate: Timing and Preparation The conversation shifts to the broader economic landscape and its impact on real estate. Rosalyn acknowledges the shaky economy but emphasizes the importance of individual financial readiness. She encourages listeners to focus on preparing for future opportunities, even if they aren’t ready to invest immediately. Rosalyn shares her insights into potential market frenzies post-interest rate drops and advises on being well-prepared for such scenarios.
Navigating a Real Estate Bubble: Market-Specific Considerations Addressing concerns about a real estate bubble, Rosalyn emphasizes the market-specific nature of real estate. Each market operates differently, and understanding local trends and statistics is crucial. She advises listeners to delve into their specific market’s dynamics before making assumptions or decisions based on general discussions.
Closing Thoughts and How to Connect with Rosalyn: Before wrapping up, Rosalyn highlights the diversity of the Dominican Republic, not just in terms of its beaches but also its varied landscapes and warm, welcoming people. She encourages anyone considering real estate investments in the DR to plan a visit and experience the rich culture firsthand.
Connect with Rosalyn on Instagram at @urbanteach_ and check out her website at UrbanTeachNYC.com for more valuable insights and resources. And there you have it, Latin Wealth family! A deep dive into real estate investing with Rosalyn Ortega-Elie. If you found this episode valuable, share it with someone who needs to hear it, and don’t forget to subscribe for more wealth-building wisdom. Until next time, let’s continue conquering our financial goals together!
