Massive refinances in 2023? Only if you know how to buy the right building! - The Real Deals Show

Hello, and welcome to the Real Deals Show! In this episode, I will be chatting with Yishi. He and his wife Vivian are entrepreneurs in the design, remodel and building industry since 2014. They started investing in real estate at the beginning of Covid after they had to shut down their business because the clients preferred not having anyone in and out of their houses. This left them thinking… What happens if this shutdown remains for a year? 🤔 They knew they needed a source of passive income they could fall back on to support them. That’s when they started looking for options and they came across our Action Family™ Mentoring Program.

They joined our mentoring program and started looking at places where the price-to-rent ratio made sense for cash flow and started investing in Moncton, New Brunswick. “We first bought a duplex saw the rental potential and started looking for anything 5 units and up from what I learned from the program. Quickly bought another 6 unit… then 8.. then 9.” What an Action Taker, Yishi! 👏 He also shares that their dream was to flip a house one day, and last year they reached that goal, taking on two flipping projects in Ottawa. In this video, he shares some mistakes they made and lessons learned.

👉His advice to the new investors:
1. Make sure to take on a project that has a large enough upside.
2. Run numbers with the worst-case scenario.
3. Have multiple exit strategies.
4. Focus on the lessons gained and stay positive!

👉 If you want to get in touch with Yishi, you can visit his page www.terzettohomes.com or send him an e-mail at: [email protected]
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And if you’re interested in building your real estate portfolio and your network like Yishi did, book a call with one of our Wealth Advisors to discuss how the Action Family™ Mentoring Program can help you achieve your goals. You’ll learn all the strategies including how to buy properties with other people’s money and without joint venture partners as well as other crucial information like how to find deals, how to create win-win scenarios, property management, tax strategies, business structure and much more. Learn more about our mentoring program by booking a call now! https://www.iamreadytoinvest.com/
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🏡 If you want to learn about Real Estate Investing using none of your own money, you can check out our completely free Masterclass on Real Estate Investing with creative financing here. We show you how we purchased 12 multi-family properties in less than 12 months (56 units) ... WITH NO MONEY DOWN AND NO JOINT VENTURE PARTNERS so you can too! We purchased over 240 units in Canada, US, Mexico, Dominican Republic, and Costa Rica. With our strategies… we keep 100% of the cash flow, appreciation, and equity! That’s how you create true generational wealth! 💰https://www.iamreadytoinvest.com/now
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We hope you enjoyed this episode of the Investor Mel & Dave – Real Deals Show! Do you want to be an Action Taker? Take the first step by booking a one-on-one call to discuss how we can help you achieve your real estate goals at a faster pace than you ever thought possible! www.iamreadytoinvest.com

Thanks for stopping by! If you have any investing questions or want us to cover a specific topic, let us know in the comments section below. Chat soon!