What is the name of your business and when was it founded?
We recently interviewed the founder of ATLCO Real Estate, Inc., based in Atlanta, GA. in the United States of America. His name is Victor Bomi. Enjoy the conversation below.
1. So our readers get to know you, briefly introduce yourself to our audience.
I am a Nigerian-born entrepreneur, real estate investor, philanthropist, and business owner based in Atlanta, Georgia. I will be 28 years old this May, and started my entrepreneurial journey when I was 20 years old.
When I was 20, my mindset was radically changed after reading the book Rich Dad Poor Dad, which taught me the importance of being a business owner and investor, and the book Think and Grow Rich – which basically helped me understand that whatever we believe in our mind about ourselves ultimately is what we become.
I started off with a photography business, then brand development and consulting business, before ultimately venturing into real estate in 2012. At the time I was also still finishing college, but I took a gap year – a year from college in 2013 to devote my full time and energy towards my businesses. It took me about 3 months to close my first ever real estate deal, which I only made about $4000 on, but once I closed that deal it gave me the confidence I needed to stick with building my real estate company no matter the obstacles.
I was a pre-med major before switching to a business major in college. I decided to return to college in 2014 to finish (being the oldest, I wanted to set a good example to my younger ones). I ended up graduating from the University of West Georgia with a BBA in Finance.
I decided to use my passion for business, finance, and real estate, to make a difference in the lives of as many people as possible who are looking to take control of their future. I have been blessed to be part of several acquisition and real estate deals here in the Atlanta Area and we are still growing and expanding as a company into new markets.
2. What is your business all about?
We find, analyze, acquire, and renovate real estate investments on behalf of our investor clients – with a focus on residential real estate acquisitions. Our professional services include real estate advisory, real estate investment management, wealth management, asset management, and financial planning.
We help resolve complex real estate investing issues and identify opportunities across carefully analyzed emerging markets. Our overall goal is to help individuals work toward creating financial freedom and multi-generational wealth by utilizing real estate investing as the key platform to accomplish their overall financial goals.
3. What inspired you to get started?
I was first inspired to get started in the world of entrepreneurship by two books I read that really changed my mindset on life (Rich Dad Poor Dad & Think and Grow Rich).
In addition to these books, when I was 20, I got introduced to the network marketing industry, in which I was surrounded by people with the mindset of designing their lifestyles, deciding when they want to retire in life, and people who were taking control of their finances and future.
Network Marketing was actually my first introduction officially into the world of business and entrepreneurship. I realized very early on that I had a passion for business, entrepreneurship and all the comes with it. The world of business was perfect fit for me and my personality, because, I have always enjoyed connecting with people from different backgrounds.
4. What is your educational background?
When I first got into college, I was a pre-medical major on the track of becoming a doctor. After my second year, I started realizing that I wasn’t passionate about it, and really only did it to make my mom happy. I discovered my true passion for business around this time and eventually changed my major to business administration (management and marketing).
After this first change I took a year off school, then came back in 2014 (switched again to Finance) because I wanted a more specialized degree and I actually wanted to understand the world of investing more. By the time I finished with college in 2014, I graduated with a BBA in Finance.
5. What are your motivations?
My biggest motivation really just comes from wanting to make my family proud, make a positive difference in the lives of my family, friends and the people around me. I aspire to inspire anyone who sees me and hears my story to have to confidence to go for their dreams too.
6. What advice do you have for other people who want to do this same thing?
I would strongly advise getting a mentor right from the very start. When I first got into real estate, I had 2 mentors, a developer and the other a wholesaler. I learned so much from working with them, and they helped to avoid a lot of mistakes I may have otherwise made if I were too prideful to try to do it all on my own.
The truth of the matter is that real estate by nature is a people and relationship based business, so if this is the industry you want to be involved in, then the one thing you have to be is someone who is open to building relationships with others from all walks of life.
The second piece of advice I would give is to take action, after you have educated yourself on the business and what aspect you want to be a part of, don’t get caught up in “analysis paralysis” and waiting for everything to be “perfect” before taking that leap of faith. There is a saying in business that says “fail early, fail forward” – which means that the faster you fail, the more successful you will be in the long-run, focus on learning from your failures and look at them as experiences.
7. Where do you see yourself in the next 5 years?
In the next 5 years, I see myself being more experienced as a man, and a better person in every area of my life.
I see flourishing in both my personal and professional life even more. I aim to be a more polished businessman, to have taken all my business ventures to greater heights with my companies expanded into several new markets.
I see myself impacting even more people than I have now in a positive way through philanthropic means. I don’t know what the future holds honestly, but what I do know is that I will continue to take each day as it comes, embrace my journey, and strive towards living a purpose-filled life.
8. Any present or future projects?
Last year, I launched my latest business venture called OFFERVEST, Inc. with my younger brother Godwin Bomi.
OFFERVEST Inc. serves as a platform for real property owners who would like to forego the traditional means of selling their property through a real estate agent, broker and instead get an all-cash offer for their property usually within just 24 hours of an initial consultation. OFFERVEST currently is only operating in the Atlanta, GA. & Los Angeles, CA. Markets.
I started out with two very experienced mentors who set me on the right track in the beginning of my business, so I am in the process of starting an education and mentoring company called The Legacy Investors Club as a way to give back to the community.
Legacy Investors Club is an educational firm focused on providing aspiring real estate investors with mentorship, business and financial literacy education and the tools to change their lives for the better.
ATLCO has recently partnered with and raised new investment capital from private international investment group to acquire investment properties and re-develop lower income communities throughout the city of Atlanta.
One of the main missions of our company is to re-stabilize communities, cities, and families – so we are very excited for this project and are looking to deploy millions of dollars worth of capital into the city of Atlanta to help re-stabilize areas that traditionally a lot of investors may shy away from.
If you are a property owner who needs to sell in the city of Atlanta, GA or someone who is looking to also invest – don’t hesitate to contact us.
9. What is the biggest challenge you’ve experienced in your business as a person of color?
I believe that my color has been a blessing to me, because it is part of what makes me different and sets me apart from others. I have never looked at my color as being what creates “challenges” for me, the world of business itself is already challenging enough in so many other ways.
Although I am aware of the fact that there may be certain people in this industry that may judge me based on my color, what I have found in my experience is that those are not the types of people I would want to do business with anyways.
In my business, your ability to actually perform, execute, keep your word, and do what you say you’re going to do hold a lot more weight than color.
The one thing I hope any reader of this article take away is that – although “color” is something that may at some point cause some people do doubt you, it actually doesn’t define you and you should remove the mindset of believing that your color can make or break you in life.
I am married to my queen, Chichebem. My wife is my best friend, number one supporter and has actually helped me in so many ways. I would say that she has helped me really realize my strengths, weaknesses and I have grown in so many ways as a result of her being in my life. (She is an awesome make-up artist, beauty consultant, and creative director – check her out at @Zaraarti on instagram)
10. How can we connect with you on social media?
You can find me on Instagram, Facebook, and LinkedIn @VictorBomi
Business pages on instagram/fb @atlcorealestate and @theoffervest
11. What is your greatest accomplishment?
I wouldn’t honestly say I have a “greatest accomplishment” because I still believe that I have not even touched the surface of my goals in life.
However, one thing I have accomplished has been to be able to speak life into the future of the youth and pass on my knowledge and experience to them. One of the things I have enjoyed most about being an entrepreneur and business owner has been the opportunity to inspire others in my age group, to go after their dreams and not just settle for the status quo.
12. As a person of color, what advice will you give someone starting their own business or career?
If I were to give a person of color any advice, it would be that although it is okay to be aware that you may have to fight a bit more to get to certain levels in your business than your Caucasian counterparts.
Try not to always focus on that or see things from a racial standpoint. Be confident in yourself, and do good work and that ultimately will be what takes you far and to the next level in your life.