On today’s show they share how they did it: systemizing, hiring, outsourcing, and delegating to buy back their time while still being active house flippers.
The Danby’s share their unique flipping strategy where if the renovation exceeds a $30,000 budget, they won’t do it. Very opposite of the BRRR strategy everyone is talking about these days.
Why should you listen to them though? Well me and the Danbys go way back and not much has changed. Rich has won a ton of awards, regular speaker at several real estate networks, coaches investing, and was President of Ottawa Real Estate Investors Organization (OREIO) for a couple of years.
Together they’ve only bought 60+ properties across every strategy under the sun. In addition to owning real estate, they owned a Pizzeria, staging and construction company. Christina is a Realtor and Rich started a painting company during the pandemic that’s in big demand these days.
Please enjoy the show.
YouTube Channel: https://www.youtube.com/channel/UCF_7Fkv0VzCrHfz4sXjLo2A
Website for Ottawa House Painters: www.ottawahousepainters.com
YouTube Channel: https://www.youtube.com/channel/UCEBSxP7KlZfB10L7HfMII8g
We have some super successful real estate investors with us today in Stuart and Denise MacPherson. They’re self-described “Zoomers” as in boomers with a lot of zip. When you hear about their journey as real estate investors you’ll know how much zip they have.
From starting with limited resources at retirement age including Stuart asking his dad for money for a downpayment on a home to becoming experts in borrowing and lending RSP mortgages to now giving away houses and developing and building multifamily housing.
Denise and Stuart are here today to share how they did it after losing much savings in the financial credit crisis of 2007-8, we get detailed on the ins and outs of RSP mortgages and a how much of numbers on different investments they’re working on.
They’re old friends of mine who’ve been super supportive to the Ottawa and Ontario real estate community so needless to say this is a pretty good show.
On to this week’s show!!
My friend Elizabeth Kelly is joining us to share what’s she’s been up to the last two years since she was last on the show.
Elizabeth was a paid instructor of real estate training and has trained hundreds if not thousands of investors in rent to own, wholesaling, buy and hold, etc… many of the influencers today have been her students.
Elizabeth has done over 100 rent to owns as investments, manages over 400 doors, but most importantly she’s discovered what she enjoys most and that’s helping people via coaching.
She’s on the show today to share many of the lessons and hurdles newer investors make, what market she’s selling her properties in and lesson in investing in a mining town.
So get your pen out, take plenty of notes and please learn from Elizabeth’s lesson and enjoy the show!
On to this week’s show! We have Nick Peitsch, he’s a young, 25 year old hustler making his way investing in stocks, making 500-$1,000 per month by creating educational videos on YouTube and house hacking in Northern Alberta.
Nick shares how he was able to learn from entrepreneurial parents and grandparents to start his wealth hacking journey without fear. His favourite stock picks (his opinion, not financial advice), the effort and metrics needed to monetize a YouTube channel.
We have one of our real estate clients in Mike Ferreira, an admitted introvert, shy guy. He’s full time truck driver for the Beer Store but one day something switched and Mike started making educational videos on real estate and posted regularly to his Instagram.
Then what do you know, someone approached Mike at a party, asked him for a meeting and was ready to be his joint venture, silent investment partner to buy a property together.
Mike shares his journey, the numbers on his first and most recent investment property, working with Coach Tammy “the Duplex Queen” Ditomaso on my iWIN Real Estate Team. Also as this is the Truth About Real Estate Investing Show, Mike shares about the basement from Hell… how appropriate for Hallowe’en.
Please enjoy the show. And Mike, from one shy guy to another, I’m super proud of you!