44 min
How an Ex Teacher Used Creative Lending to Acquire 87 Units with Josh Stevenson Real Estate Golden Nuggets: Real Estate Investing Simplified
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- Investissement
Why you have to check out this episode:
Discover a no-money-down deal on financing properties.
Find out the golden rule he sticks by to grow his portfolio and have a steady cash flow.
Learn how Josh started buying his first property and scaled up steadily to 87 units to date.
Have you thought of enjoying a lifestyle you want that allows you time and financial freedom to keep the right balance of business and family life?
In this episode, our guest Josh Stevenson shares his journey from being a teacher to a full-time real estate investor - what property deals he got into and the strategies he employed to grow to an 87-unit portfolio and enjoys his freedom.
Josh Stevenson has been a property investor for 14 years now. He started in Barrie, Ontario, where he house hacked his first duplex. And then he moved back to his hometown of Orilla, Ontario, where he's been away for about 20 years as he travelled the world for many years and taught English. He came home to Canada and opened an English school that was later shut down by SARS, and started his career in real estate investing from then on.
Topics Covered:
01:50 - What got him into real estate investing
05:52 - One thing that initiated his diving into real estate investing
09:48 - Property deals he started out with
13:05 - Growing his portfolio to 87 units
16:38 - A funnel he created that helps in acquiring properties
19:50 - How a Vendor Take Back mortgage works
21:30 - Three main bread and butter deals
21:52 - What you want to know about credit unions including property assessment
25:41 - Things one should be looking at when buying properties other than appreciation
30:11 - Challenges that he overcame
33:49 - Plans of getting into property management
34:44 - Looking at the numbers in one of his deals
40:14 - Doing deals with no JV partners
40:52 - Books he recommends
42:06 - Where he wishes to travel now
42:30 - What he says to someone new to real estate investing
Episode Takeaways:
"We discovered that we could do something called a no-money-down deal. We deal with credit unions now. I found that credit unions are actually way better lenders, and they don't have as strict rules as conventional banks." - Josh Stevenson
"You know the 1% rule, that has been the golden rule for us. Truly believe that's how we've been able to build this portfolio so big. You can look at a building like that, what are the rents? And what is the price?" - Josh Stevenson
Resources:
Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
Follow Josh Stevenson:
Website: https://investnorth.ca/
Instagram: https://www.instagram.com/investnorth.ca/
Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaee
Why you have to check out this episode:
Discover a no-money-down deal on financing properties.
Find out the golden rule he sticks by to grow his portfolio and have a steady cash flow.
Learn how Josh started buying his first property and scaled up steadily to 87 units to date.
Have you thought of enjoying a lifestyle you want that allows you time and financial freedom to keep the right balance of business and family life?
In this episode, our guest Josh Stevenson shares his journey from being a teacher to a full-time real estate investor - what property deals he got into and the strategies he employed to grow to an 87-unit portfolio and enjoys his freedom.
Josh Stevenson has been a property investor for 14 years now. He started in Barrie, Ontario, where he house hacked his first duplex. And then he moved back to his hometown of Orilla, Ontario, where he's been away for about 20 years as he travelled the world for many years and taught English. He came home to Canada and opened an English school that was later shut down by SARS, and started his career in real estate investing from then on.
Topics Covered:
01:50 - What got him into real estate investing
05:52 - One thing that initiated his diving into real estate investing
09:48 - Property deals he started out with
13:05 - Growing his portfolio to 87 units
16:38 - A funnel he created that helps in acquiring properties
19:50 - How a Vendor Take Back mortgage works
21:30 - Three main bread and butter deals
21:52 - What you want to know about credit unions including property assessment
25:41 - Things one should be looking at when buying properties other than appreciation
30:11 - Challenges that he overcame
33:49 - Plans of getting into property management
34:44 - Looking at the numbers in one of his deals
40:14 - Doing deals with no JV partners
40:52 - Books he recommends
42:06 - Where he wishes to travel now
42:30 - What he says to someone new to real estate investing
Episode Takeaways:
"We discovered that we could do something called a no-money-down deal. We deal with credit unions now. I found that credit unions are actually way better lenders, and they don't have as strict rules as conventional banks." - Josh Stevenson
"You know the 1% rule, that has been the golden rule for us. Truly believe that's how we've been able to build this portfolio so big. You can look at a building like that, what are the rents? And what is the price?" - Josh Stevenson
Resources:
Rich Dad Poor Dad by Robert Kiyosaki
Think and Grow Rich by Napoleon Hill
Follow Josh Stevenson:
Website: https://investnorth.ca/
Instagram: https://www.instagram.com/investnorth.ca/
Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaee
44 min