The bearish Ryan Carr is back on the show to share about his latest investment, a 250 square foot house. That’s right, 250 sq feet. That may just be smaller than many of your master bedrooms in your homes.
Sadly that is the reality of today’s housing market. On a recent vacancy of mine that we just filled last night to four lovely young adults, vacancy is too low and rents are unaffordable to many unless folks are willing to share.
The young adult tenants we signed were willing to do just that. The applicants we didn’t get were often couples who could not afford the rent, to them I would highly recommend to find some friends and share a house together. Four adults making a total of 8,000/month can afford a lot more places than just two adults making $4,000/month.
Anyways, Ryan is becoming a regular guest of ours, he invests in the far east areas, east of Toronto, the markets he invests in including Oshawa are behaving differently than what we are seeing in the west so it’s great to hear his perspective on his market and what creative ways he’s thought of to make money in real estate.
This was me (Erwin Szeto) being interviewed as the guest on the Your Life - Your Terms Podcast by Tom and Nick Karadza. Credit to them for the recording, title and show description:
On this episode, Erwin Szeto shares his real estate journey and how he ultimately walked away from his corporate job to work with real estate and investors on a full-time basis. Over the past eight years, together with his growing team, he’s helped hundreds of investors create cash flow, build equity and navigate the tricky business of real estate. Erwin shares how he bought a home with a wooden foundation, how entrepreneurs and investors are risk-averse, why giving back matters and how he calculated quitting his job was the right thing to do!