Archives for June 13, 2015

Think outside the Market

real_estate_calgary_market_mentoring_educationThere are real estate opportunities/deals lurking around every corner in Canada. I was just in BC in the beautiful Shuswap area and on the way there and back I saw multiple lots for sale and abandoned businesses in prime with prime highway frontage. There are many investors that never see these deals because they can’t break off those “Market Manacles” that lock their profits/potential profits to an area that does not exceed a 30 minute drive from their front door! There are good deals in every city in Canada if you have the eyes to look – but just because it is convenient does not mean it is the right deal for you to maximize your profits…there could be a similar deal somewhere else in Canada that could 2x, 3x, or even 10x your profits.  Now, it might take a plane ticket or a few extra phone calls out to your network of investors to make it happen but so what? Is that really so much harder than keeping it in your back yard? I certainly do not believe that it is, so long as you are willing to ask for some help here and there and go a little beyond your comfort zone – which we all have to do at some point in our real estate careers. Of course you have to build relationships with people in other major/minor centers to create the facility for these deals to be possible – but all highly successful real estate investors operate in more than 1 market. Once you start to get to know some of these top players you can begin to leverage their teams on the ground so you do not have to do all that work yourself not to mention the time/money involved with building that team abroad. Why try to re-invent the wheel? Leverage is key in all aspects of real estate, not just in the financial realm of getting your deal funded.  Start putting those relationships to work to broaden your horizons in both profits and amount of deals that you can execute on in the same amount of time. Are you struggling to find deals? Maybe you need to dig out the keys to those “Market Manacles” and get some fresh market perspective!


To your success!

Tim R