Even thinking about investing after just finishing school can be scary. Slow and steady wins the race so do not ignore getting started;
In this episode of Where Should I Invest, we interview Scott Zandbergen and talk about vertical splits, mortgage plus and all things real estate investing. Scott is a Real Estate Investor, Speaker and a father to two girls. He took almost 20 years to finally decide to invest in real estate. In 2014, he bought 3 single family homes within the span of 3 months that started his real estate investing journey.
In this episode, you’ll learn. . .
– What is a vertical split
– Learn about mortgage plus improvement
– Difference between doing mortgage plus improvement and BRRR
– Joint Ventures
And more about Scott’s portfolio and approach to real estate investing.
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Email him at: email@example.com
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DALIA BARSOUM , MBA Finance
President and Principal Broker , Streetwise Mortgages
Best selling Author : Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want
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Top 75 Brokers in Canada ( 2017 and 2018) : Canadian Mortgage Professionals Magazine ( CMP)
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Here are 10 of the top things I think everyone should know about money by 35.
- Money and finances aren’t something you are taught in school and most parents won’t know enough to help you, so you need to take matters into your own hands and get self-educated (Books, podcasts, blogs)
- The difference between good and bad debt, as not all debt is bad.
- The rule of 72 (How long it takes your money to double based on the interest rate, PS this also works against you such as with credit cards)
- Compounding interest and the benefits of knowing that young so you can start using it to your advantage before time runs out.
- The old saying of “It’s not how much you make but rather how much you keep” should go a step farther and say its “how much money you keep that actually creates more income for yourself”
- You should pay yourself first at least 10-15% before any other expenses or you will look back 5 years from now after working 40-50 hours a week and not have anything to show for it.
- Money needs to be invested, leaving all of it in your savings account will actually be eroded over time, you will have less buying power and inflation will make it less valuable.
- Understanding the power of leverage, through real estate and real estate investing.
- You will most likely not get rich overnight and you have a higher chance to get hit by lightning twice than win the lottery so save your money and don’t waste it there.
- Things will cost more and more each year due to inflation, your salary probably won’t keep up so you will need to get some side hustles to live the lifestyle you may want.
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.
Millennial Real Estate Investors
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.
- 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
For more information;
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!
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
- What you want to know about flipping properties
- Marketing for deals
- Where to look for good flip opportunities
- Risks and Downsides to consider
How to Raise Capital Successfully for Your Real Estate Deals
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.
- 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.
For more details on Dave’s bootcamp visit 2018.investorattractionworkshop.com
For more information or to reach Dave, visit http://www.davedubeau.com