Our Market update two weeks ago with Coach Tammy DiTomaso was a hit.
FYI to our 17 listeners, the vast majority of real estate investors are investing as a side hustle. The truth about real estate is the folks who successfully make full time careers as investors is a small minority. I remember asking a mortgage broker friend who focuses on investors tell me only 1% reach 10 or more properties. That number has gone up a lot since then but my point is, do what’s right for you. No need to compare yourself to folks with 100’s of doors. The other truth is several investors are in financial distress right now who were over leveraged and had challenges executing their flips or BRRR’s of simply speculated and can no longer afford their investments at the current interest rates.
Boring, cash flowing starter homes is the bread and butter of our team since 2010. Starter homes with renovations to increase cash flow such as basement suite conversion or student rental worked pre pandemic and still works in this declining market hence we have coach Stephen Phillips to talk to the towns east of the GTAin terms of the deals and the numbers behind the properties investors are buying right now in today’s market that make sense.
Coach Steve has extensive experience in real estate having owned and operated a kitchen and countertop business. Their stuff was so nice they caught the attention of HGTV’s Scott McGilvray and his business was part of 20 something episodes on Scott’s shows. Steve grew up in the Durham area, East Greater Toronto Area and now focuses on the areas East in the investor friendly towns from Oshawa and Kingston but primarily the sweet spot of Belleville.
The most common request we receive from new clients is “I want a deal” so as a service to you 17 listeners, we’re here to provide context to what a deal looks like so have your pens, paper, spreadsheets ready as we’ll talk to current opportunities and the analysis behind them.