As a leader in the real estate industry, Olubisi Shaola has set his sights on expanding his business to the United States. He recognizes the vast opportunities that lie within the US real estate market and is determined to make a positive impact in the field. With his background in real estate development and property law, Olubisi is well-equipped to navigate the challenges that come with expanding his business to a new market.
Olubisi and his team at Finn Grey Projects are a group of go-getters devoted to their work and determined to create exciting opportunities for themselves and others in the industry. With their resilience and passion, they are poised to make a successful move into the international market and continue to provide affordable luxury homes for their clients.
Unlike the US, where loans and other financing options are readily available, many African entrepreneurs are working with their own capital and resources. To overcome this challenge, many African entrepreneurs are seeking to leverage the US system, working with US partners and investors to bring in capital and build their businesses.
In recent years, African entrepreneurs have made a considerable impression on the United States real estate sector. Their contributions to the industry through investments and developments have been instrumental in rejuvenating communities and fostering job creation, and the unique perspectives and creative methods they bring to the table have facilitated the establishment of thriving real estate ventures. Moreover, their participation has diversified the market and brought prominence to previously neglected regions. The impact of African entrepreneurs on the growth and prosperity of the US real estate market has been significant, and it is expected to persist in the upcoming years.
With this in mind, one of Olubisi’s main objectives is to create a harmonized process between the real estate systems in Africa and the US. This would allow African entrepreneurs to come into the US and mix their knowledge and capital with the well-rounded system already in place in the US, resulting in more affordable housing while also reducing the risk exposures of the institutions involved.
Olubisi also recognizes the lack of access to capital as one of the key challenges facing African entrepreneurs entering the US real estate market. “Eighty percent of the time, most African entrepreneurs are working with their own very money and capital. Unlike the US, whereby the system allows you to take loans and all that,” he said, therefore aiming to cause a shift that would allow entrepreneurs to bring in 50% of the capital and leverage the US system, which mostly requires about a 10-20% down payment. By fine-tuning this process, credit can be granted to these entrepreneurs in a non-traditional way, making this a win-win situation for both parties.
The vast amount of information available on the internet has also helped Olubisi stay ahead of the curve, keeping up with the latest trends and regulations in the industry. “Like the saying goes “seek and you shall find,” he said. With the help of social media and the ease of accessing statutes and regulations online, he is well-informed and ready to tackle the challenges that come with expanding his business to a new market.
The real estate opportunities for African entrepreneurs in the US are vast and untapped. With the right approach, African entrepreneurs can leverage the US real estate system to their advantage and create a harmonized process that can impact the present and future generations to come.
Despite the challenges, African entrepreneurs are finding great success in the US real estate market, and individuals like Olubisi are aiming to share the same success story with other Africans too. With their passion, dedication, and resilience, they are creating innovative solutions and opportunities for others to succeed.
