In E281B, I provide an update you on various projects I am working on. We start off with my past weekend guest Bridgette Clarke, who discussed “pad splits,” a strategy where multiple people rent rooms in a house. I see a ton of potential for this innovative approach in Canada especially with the looming housing crisis.
I share a recent success in Florida off-market acquisitions, securing a 20-acre parcel for $65,000, with a recommended listing price of $19,000 per acre. This highlights my entrepreneurial real estate approach and ongoing business growth.
Reflecting on market changes since 2022, I stress maintaining a winning mindset and focusing on controllable factors. I discuss incentivizing my team and using double-close strategies, where properties are listed and sold on MLS before ownership transfer.
I also discuss investment opportunities like our camp and glamping facility in Tobermory, Ontario, for accredited investors with projected returns over 20%. Creative thinking and unique value propositions are essential in real estate.
Acknowledging my detail-oriented nature, I emphasize balancing analysis with strategic oversight. I share burnout experiences, highlighting delegation, partnerships, and continuous learning.
I discuss analyzing deals using internal rate of return calculations and efforts to optimize business operations. My commitment to improvement and efficiency is clear. Connect with me and provide feedback on my episodes to ensure valuable content.
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