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What to Look For and What to Avoid With Basement Conversions with Ken Bekendam

In this episode of Where Should I Invest the Podcast, we interview Ken Bekendam from my favourite investment city of Brantford Ontario.

Ken Bekendam is a full-time Real Estate Investor and expert in basement conversions.
Listen and learn about. . .
– How to successfully complete a basement conversion
– What to look for and pitfalls to avoid
– What the numbers look like
– How to get permits and approvals
– Hear about how Ken was able to grow his portfolio
And so much more. . .

To get a hold of Ken, reach out to him directly on Facebook by searching Ken Bekendam or meet him in person at the next The REITE Club meeting as he is a regular attendee.

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I also now have a Social Media!!! Who knew this day would happen ????
My Instagram and Facebook is @sarahlarbi84

At Last Millennials = Real Estate Investors

A recent Forbes article highlighted millennials as being the next real estate investors of single homes. You can read the full article by clicking here Why Millennials Are Poised To Be The Next Wave Of Single Family Rental Investors

This is a great article and one that is spinning millennials and real estate investing in a positive light. So happy to read these types of articles.
As it mentioned, we have access to so much more information than any generation has had before. Information that is accessible without needing to step outside our homes. Everything is available at our fingertips: Real estate podcasts, blogs, websites, mentors, courses and so much more. We are living in a lucky time where we can learn anything from anywhere and it is time we start to realize this.
We are slowly modernizing this entire industry and due to our population size, companies and industries are adapting to many of our asks and needs. I do think one day we will no longer be working with realtors as the main method of purchasing homes…. What do you guys think?
On another note, Millennials saw their parents go through the crash of 2008 and 2009 and even though they are cautious when investing in general for the fear of losing it all, I think some are starting to see the opportunity through investing in cash flowing assets that have tenants paying down your mortgage principals with each and every payment.
We can’t control the next downturn but at least we can prepare for it as we know one day it will be back. Let us prepare by getting the education and resources in place so that we are in the power to buy and purchase more of these assets when they go on discount next time around. Let’s use the technology to move us ahead and give us those answers.

 

How to Find Off-Market Deals with Kory MacKinnon

In this episode of Where Should I Invest, Sarah featured Kory MacKinnon and his journey in Real Estate Investing. Kory MacKinnon is a successful Real Estate Investor with over a decade of experience.
Image result for kory mackinnon
He started with a 6-plex property back in 2005 and today managing 20+ properties / 60+ rental units. In this episode, he will share his experience on how he was mentored by his landlord and walk us through how he transitioned himself from having a corporate job to doing Real Estate full time. Also, he bought a house for only $5k, WHAT!? Hear about it here and more….
Listen to learn about. . .
– Finding off-market deals
-Different real estate investing methods
– The BRRR method
– Multifamily properties
– and so much more!
Share and Subscribe for more content, visit our Youtube channel at
https://www.youtube.com/channel/UC9DbFl4XFDGpMl4mUQvpi5Q

Why Millennials Need to Develop Investing Habits

Financially Optimistic Millennials Aspire to be Millionaires, Retire Early

TD Ameritrade survey shows how millennials are redefining life milestones

This recent survey identified millennials as being a very positive and aspirational group, another example of the opposite negative labels we see far too often. Although US focused you can most likely draw similar conclusions for Canada.

“Millennials are graduating at record rates and it’s great to see that like most previous generations of college students, young people are optimistic about the future. On average, survey respondents expect to land a job in their chosen field and be completely financially independent by age 25,” notes JJ Kinahan, chief strategist for TD Ameritrade. “This is a financially optimistic group that’s feeling positive about the economy, the job market and their own plans. However, they will need to develop saving and investing habits that will help them reach some pretty big goals.”

The #1 trigger for gaining financial independence is for a millennial to move out of their parents home, the most logical conclusion to that is for them to be investing in their first home to do that.

You can access the full report by clicking here. 

What You Need to Know About the BRRR Method and Why it Works with Matt McKeever and Kellan Paniccia

Matt and Kellan live and invest in London Ontario.

Matt McKeever is a full-time Real Estate Entrepreneur who quit the rat race at 31 and Kellan Paniccia is a real estate investor who achieved financial independence through real estate.

Both are successful millennials that are giving back to the community by hosting monthly real estate clubs and sharing their knowledge through many avenues such as on social media and a youtube show.

Episode Highlights:

  • Learn about the BRRR Strategy (Sarah’s Favorite)
  • Hear about the 1% rule for Cashflow in Real Estate Investing
  • Finding Off-Market Houses
  • Tips on where to get leads and deals.
  • Listing Properties; Kijiji Vs Multi Listing Service

Contact Information:

For more information;

  • Matt McKeever: YouTube, www.YouTube.com/MattMcKeever, www.instagram.com/mattmckeever85
  • Kellan: Instagram, www.instagram.com/kellan.pan

Where to Look for Good Flip Properties with Danielle Chiasson

Danielle started with Real Estate Investing at a young age specializing in flipping houses. She is now a successful real estate investor flipping properties. Hear her story on this podcast!

Image result for danielle chaisson

Danielle will also be speaking at the next SO REIT event on June 19th 2018 at 7pm at the Burlington Holiday Inn. If you are interested in hearing more from her register on Eventbrite here: https://www.eventbrite.com/e/so-reit-club-june-19th-real-estate-investing-event-tickets-42856605260

Episode Highlights:

  • What you want to know about flipping properties
  • Marketing for deals
  • Where to look for good flip opportunities
  • Risks and Downsides to consider

Contact Information:

Website: www.perfectpropertyinc.com

Email: info@propertyinc.com

Facebook:  https://www.facebook.com/PerfectPropertyInc  and https://www.facebook.com/DaniChiasson

How to Buy Properties Without Using Your Own Money with Dave Dubeau

How to Raise Capital Successfully for Your Real Estate Deals
YouTube player

Today’s Guest:

Dave Dubeau is a professional real estate investor, a best selling author and a highly sought-after trainer. In this episode, Dave shares his tips and tricks on how to raise capital and how to buy real estate without using your own money.

Episode Highlights:

  • Learn about Dave’s humble beginnings.
  • Get great tips on how to raise capital in Real Estate
  • Learn about the steps Dave takes in order to raise capital and learn about the strategies he teaches at his bootcamps.

Contact Information:

For more details on Dave’s bootcamp visit 2018.investorattractionworkshop.com

For more information or to reach Dave, visit www.davedubeau.com

Young voices from the housing market: “Our financial life centres around the costs of our home…”

A lot of millennials are disgruntled about their economic situation, a recent poll showed. To find out more, The Globe & Mail asked young adult readers to talk about their work experience, their housing situation and what makes them angry and hopeful. You can read what they had to say by clicking here or copy and paste https://www.theglobeandmail.com/investing/personal-finance/gen-y-money/article-young-voices-from-the-housing-market-our-financial-life-centers/

I find it unfortunate that we keep portraying millennials as a generation that is less fortunate than the others were prior. There are different opportunities and challenges today like there were 30 years ago and 30 years prior to that. As the time evolves, we need to adapt and come up with different solutions to the new problems we face.

Some have realized that creating more than one source of income is the way to go and some are still living and thinking like their parents and following their parent’s outdated advice of going to school and getting a safe secure job for the most part. In this new economy, we should be looking at creating different sources of income in addition to our jobs. One huge advantage we have that the generation prior didn’t is access to information online. So much can be done with the internet that would not have been possible then.

As for housing, it is more expensive just like it will be even more expensive in 10 years from now. Taxes will also be higher than they are today. Let’s stop complaining about it and take action on buying investment properties that cash flow to offset our own cost of living instead. I am still baffled that so many people think they need to buy their own house to live in before but they can’t afford it. Look outside of any major city and buy something for half the price, rent it out and ensure its cash flows. The mortgage pays down over 10 years and perhaps some appreciation will allow you to save much faster and more efficiently for buying your residential property in the future.

Click the button below to download my free report – “The 10 Questions Millennials Always Ask Me About Real Estate Investing”

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