Meet Kris - Nearly Bankrupt Then Home Owner 10 Months Later
- Author
- Scott Dillingham
- Published
- Sun 15 Aug 2021
- Episode Link
- None
In this episode, Scott interviews Chris Ramotar, a customer service-focused realtor who shares his remarkable journey from financial hardship to successful real estate professional.
Key Timestamps:
[0:00] 👋 Introduction
- Chris's background and family
- Immigration from Guyana to Canada in 1987
- Path to real estate career
[4:15] 🏠 Real Estate Philosophy
- Focus on comprehensive marketing
- Professional photography and virtual tours
- Selling neighborhoods, not just homes
[8:30] 🤝 Community Involvement
- $500 scholarship for Lakeshore/Belle River students
- Cricket team sponsorship
- Importance of giving back
[12:45] 🌎 Immigration Experience
- Cultural adjustments
- Family separation challenges
- Building a new life in Canada
[16:30] 💼 Real Estate Approach
- Focus on first-time homebuyers
- Ongoing client relationships
- Comprehensive support system
[22:15] 📈 Personal Financial Journey
- $126,000 in debt after business failure
- Personal tragedies and setbacks
- Strategy for debt settlement
[26:45] 🏡 Path to Homeownership
- Debt negotiation success
- Saving $20,000 while rebuilding credit
- Purchasing first home with 25% down
[32:30] 🔑 Career Development
- Evolution through different brokerages
- Importance of team environment
- Benefits of established brand recognition
Key Insights:
1. Debt Recovery Strategy
- Negotiated $126,000 debt down to $40-50,000
- Rebuilt credit through strategic small loans
- Saved aggressively while working steady job
2. Real Estate Philosophy
- Comprehensive marketing approach
- Focus on neighborhood value
- Long-term client relationships
3. Success Principles
- Persistence through adversity
- Strategic financial planning
- Community involvement
Resources Mentioned:
- Chris's contact: Google "Kris Ramota"
- Social media presence: Facebook, YouTube, Instagram, Twitter
*Note: This episode demonstrates how determination and strategic planning can overcome significant financial setbacks.*
