How refreshing is our guest Diana today! It goes to show one can’t judge from an Instagram handle. Eg Diana’s is @investorgirldiana when really it should be @sophisticatedinvestordiana but I get it. We are supposed to be humble and modest in our marketing.
But screw it. Diana is legit. She shares her experience and numbers flipping from a $2.3M luxury house in Toronto and to a century home in Hamilton to Windsor private lending as well. There are lots of numbers in this episode including mortgage rates as some of the capital was private money AND Diana shares how she personally lends her own money.
Diana’s taken expensive courses and masterminds. The quality of some is questionable as there were folks in the same masterminds as her years ago who are now bankrupt financially. That’s right, some courses, memberships, and coaching have negative return on investment. You as an investor have to conduct proper due diligence on anything you invest in including education.
Diana however with her conservative projections and husband as a skilled general contractor have navigated this declining market and exited flips profitably. Some are more profitable than others and not without challenges which Diana shares.
Sidenote: I’ve noticed a trend where an investor’s ability to execute on construction or renovations can be make or break for investors. Especially the full timers. In my experience, constantly working with the best of the best contractors has been instrumental to my clients and our own success in our portfolios. Those unable to execute
Not that any contractor is perfect unless maybe you marry them like Diana but much risk can be mitigated with the right one and proper oversight. That’s something we do for our clients, connect them with the same contractors we use and we are in regular weekly contact with them for our own projects and for our clients. As we here at iWIN Real Estate, we do volume hence we are usually our contractors top referral source and we’re all looking for win-win-win results. Win for the contractor, win for the client, win for us in that we have a happy client who buys more houses and sends us referrals.
We are in this for not just long-term but rather intergenerational relationships to create intergenerational wealth as we literally have three generation clients: grandparents, parents and the kids.
To follow Diana: