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Guest: Joe Costanza, Real Estate Investor
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This week’s podcast guest is Joe Costanza – Real Estate Investor
Joe started investing almost 3 years ago. His focus was on the Hamilton area doing BRRRR projects. He’s more recently shifted to Sudbury. Most of his investment happened during the pandemic and he’s seen amazing appreciation. It really helped him scale and grow but as we discussed, we always have to plan for the worst if a downturn was to happen. Joe is hedging his investments by focusing on high cash flow. He’s self-managing to increase cash flow to protect his properties. There are still opportunities in hot markets such as Hamilton. Joe now has partners to help him invest and grow into the multifamily properties. Joe works with family members and he’s been quite successful at doing so.
In this episode, you will learn about:
- How to not over-leverage
- Rising interest rates
- The importance of cashflow
- DCR ratios (Debt coverage ratios)
- Rent vs. purchase price and its importance
- The power of multifamily investments
- How to manage expectations with JV partners
Get in touch with Joe:
Instagram: https://www.instagram.com/josephcostanza/
This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/
Jon Tenbrinke of https://blackjackcontractinginc.ca/
Meghan Chomut CFP – www.meghanchomut.com/sarah
