Business
Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate. His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200. Fast forward to today and this same townhouse is selling for $399,000. The moral of the story, don’t be stricken by fear as it will cost you. Since then he has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals. His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted. Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf. Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.