Member Since: April 2019
Province: British Columbia
Number of Real Estate Investments: 8
Number of Doors/Units: 18
Dollar Value of Real Estate Transacted: $4,500,00
Buy & Hold
Buy & Build
Where were you when you started?
I was a full time, self-employed graphic designer, and now I am transitioning into full time real estate investor and slowly winding down my graphic design business (I've started to sub-contract a lot of the work so run it more like a design studio instead of myself doing all the actual work).
** I wasn't sure where to write my COVID success story, but I wanted to share that I bought my very first multifamily (12 unit) property right in the height of the pandemic, back in March/April. I was a back-up of a back-up offer on an accepted offer (so 3rd in line) at the end of February. Once we went into full lockdown, the accepted offer backed out (I think based on uncertainty and panic) and a week later the back-up offer backed out, which put me at the front of the line with an accepted offer. I decided to remain calm and "greedy when others are fearful" so I continued with my 30day due diligence which eventually led to closing on the property. I really think the Covid panic is the only reason why a small player like myself was able to get my hands on this multifamily as they usually get snatched up quick out here in BC. Additionally, the money I was going to use as a down payment was invested in stocks at the time, which took a huge hit and it was the worst time to take that money out, so what I did was to borrow the funds against my investment portfolio on a low, interest-only loan and I borrowed an extra 100k so I could privately lend that in order to cover the interest costs. At the end of the day, I didn't have to take my stock investments out and ended up not having to put any of my actual cash into the deal. I expect to be able to refinance in 3-4 years and repay the down payment loan completely, and it's currently cash-flowing around $2500/month!
What role did Keyspire play in your success?
It gave me the confidence and network to pursue what was already in my mind. It has allowed me to connect with key individuals who have been incredible sources of help, support, encouragement & knowledge.
What has been the biggest benefit of the Keyspire program you attended? How has it helped improve your family life?
The biggest benefit in Keyspire is the community it has helped to build around myself and the networking. I have met invaluable contacts and made great friends who think alike and understand my journey.
Have you made money or increased you net worth using any of Keyspire training programs? If so, how many deals have you done? How long did it take? How much actual time did you spend to make what amount of money? How much has your net worth increased?
Yes, I have acquired many properties that have increased my net worth significantly. I have registered & unregistered funds consistently invested passively which are generating consistent returns for me, I have acquired a multifamily property which has already seen an increase in value
through my active appreciation strategies and I have partnered in various development projects that will see significant returns once completed.
If applicable, how has a Keyspire coach or advanced training helped you?
My coach has helped me walk through & analyse many ideas and opportunities that have crossed my path and determine whether they were good fits or not. She has helped me ask the right questions and see potential weaknesses in deals that I might not have been able to see on my own.
What obstacle(s) did you face and what role did Keyspire play to help overcome the obstacles?
Seeing other people's successes is always helpful in reigniting the fire when things don't go as planned or when doubt & fear start to sneak into my mind! Also, knowing that I can reach out to new investor friends, or even the community at large to answer any questions or to share
struggles has been very empowering.
Whether you have made money using Keyspire programs or not, has your newfound knowledge helped your confidence or outlook for your future?
Has anyone from the Keyspire team inspired you? (e.g. Scott, Michael, coaches etc.) If so, how?
Following the incredible projects Judi Pare has been a part of is hugely inspiring. Also my own coach Catherine has inspired me because her story resonates with my own a lot of the time. I think hearing Michael talk about how he is focusing more and more on passive investing nowadays has given me confidence in accepting that I do not have to be "active" in a project in order to be a successful real estate investor. I have struggled with allowing myself to be hands
off as I don't feel it is as rewarding as being a passive investor.
How do Keyspire programs, strategies and materials compare with others you have seen or used?
I think the Keyspire program is phenomenal, the live event (I luckily attended the Niagara summit las year) was incredible, one of the best events I've been a part of and hugely inspiring and valuable. I do however think that the training material is outdated, including the entire UX inside
the member website could use some revamping. I am a part of another major Canadian real estate group and I think they do a better job at providing ongoing meetups, webinars, special training sessions, and work sessions which are very applicable to the business.
How much has your income increased due to your successful strategies?
About 20-30k/year but I have a lot of investments that will pay out at the end of the project ranging from 1-3 years from now, as opposed to ongoing income.