One Door at a Time

I am just on the plane wrapping up a highly successful conference in Austin, Texas with one of our shareholders. It's often said that in order to grow you must surround yourself with people that are doing things bigger and better than you are. 

Put yourself in a room with hundreds of multi millionaires and you will feel that shift pretty quickly. Investors that focus on dozens of different strategies, there is truly no one way of doing things. In fact there are dozens of ways to do things. And as one of my mentors says "it's not important what you decide, it's important THAT you decide" Brandon Turner. 

It's no surprise that Real Estate in Canada has been tough the last few years. Interest rates are high, sellers want pricing from 2 years ago and cash flow just isn't there in a lot of cases. 

So we have continued to expand our search into the United States. Yes, a controversial topic at the moment which is why I am mentioning it here first. 

During the conference we learned about multiple different strategies that are working well in many different markets across the country. And wow, there is still a lot of opportunity out there. It's just a matter of digging for the right strategy that fits your goals. 

So before you say, isn't real estate risky, isn't it a flat market, aren't interest rates too high? Don't forget that it's not about timing the market, it's about time in the market. 

Pick a strategy that interests you, do some research and start running some numbers.

It will never feel completely comfortable to do something new, but if you don't get the first deal done, the rest won't start to get easier! 

For example, we just bought our first US deal last month. It felt clunky (still does) and we close this coming week. It almost took me back to my first deal, 16 years ago! But the next deal will be easier and so will the one after that. 

We have a long way to go before we rival some of our colleagues with $500M to $1B in Assets under Management (AUM) but one door at a time will get you closer every time. 

Owning properties is not for everyone, however if you are interested at all in growing a portfolio and building generational wealth for your family; grab a book, attend a conference or chat with another investor. Who knows, it could just change your life. 

Meghan Hubner, President