Business
What you’ll learn in just 17 minutes from today’s episode: Find out how a shift to real estate from being a financial planner made a night and day difference in Kyle’s income Learn why real estate is way more secure than any other investment vehicles Kyle has worked with and advised his clients about in the past Discover the impressive tactic of doing the BRRRR strategy with big buildings. Resources/Links bremacrealestate.com Summary: Kyle Ford has been investing in real estate for 7years. He was a former financial advisor turned mortgage broker. He’s done everything from pre-construction, single-family rentals, multi-family, flips, vacation rentals. His focus now is on big building BRRRs and private lending. In this episode, Kyle shares what made him shift to real estate from being a financial planner. He also shares how he was able to get entrenched tenants to move out of the property in just a few months so he could move forward with renovating his building (without having to be sneaky or unethical). Topics Covered: 01:21 – Why did he switch from being a financial planner to a real estate investor 04:26 – Taking a look at his paradigm shift 05:15 – Real estate versus any other type of investment vehicles 07:06 – Does he bring on investors with self-directed RRSPs 09:07 – His clients are more interested in real estate investing than in financial planning 10:44 – Mistakes people are committing in real estate 12:20 – Be more concerned about security than a high rate of return 13:23 – Don’t make a guarantee when raising capital 15:19 – Taking a closer look at BRRRR strategy with big buildings 17:53 – Treating tenants with dignity is the best way for the eviction Key Takeaways: “I started investing in real estate, and the returns on that side versus in the markets were night and day for me.” – Kyle Ford “One of the things that became evidently apparent to me was, you cannot get rich, given somebody else your money to manage.” – Kyle Ford “I don’t know anybody who becomes independently wealthy off mutual funds, but I know several people who have in real estate.” – Kyle Ford “At the end of the day, there’s always a risk of something happening. But I certainly am much more confident with the control that I could provide partners and lenders in the real estate world as opposed to the traditional financial model.” – Kyle Ford “I wasn’t making any money as a financial advisor because nobody wanted that help. They wanted help with real estate. And the mortgage broker was a great way to monetize that.” – Kyle Ford Connect with Kyle Ford: bremacrealestate.com E: kyle@bremacrealestate.com Connect with Dave Dubeau: Property Profits Podcast www.davedubeau.com www.investorattractiondemo.com Facebook LinkedIn Enjoyed the Podcast? Please subscribe on iTunes for updates