SUCCESS STORY! Young Family On Their Path to Financial Freedom with First Multifamily Investment!Oct 22, 2020
Recently, I just reconnected with one of my graduate students Zorya Belanger, who took my live Canadian Multifamily Investing Blueprint workshop three years ago.
Using the knowledge I shared with her and armed with courage, she and her husband took action and acquired their first multifamily property, a brand new six-plex.
Above is an excerpt (6.54 min.) of my interview with Zorya.
Click HERE to listen to the full interview. I highly recommend you watch the full interview, especially if you're starting out to invest in multifamily properties. There are a lot of gold nuggets!
Although they initially set out to look for a larger existing apartment building in the range of a ten-unit or so, a different opportunity came their way with this brand new three townhouse project with each one having a separate one-bedroom suite below, but all units are above ground.
There are many things I like about their strategy, namely they remained nimble and seized a different opportunity they had not anticipated at the beginning of their journey.
Another great thing is that they found a sweet spot between residential and commercial-residential. On the one hand, they pay taxes and insurance based on a residential product, but on the other hand, they are able to take advantage of commercial financing, namely through CMHC, because all together they have 6 units in total. They had to go the commercial route since they had maxed out their credit on the residential side.
If anyone is interested in connecting with Zorya, whether for future deals or to talk more about her experience, she is happy to do so. You can reach her at [email protected], subscribe to her newsletter at www.brei.ca, or follow @breiproperties on social media.
Zorya and her husband, Patrick, took the time to educate themselves and did their homework and they are on their way to greater financial freedom. Zorya is now able to stay at home with their two little ones on focus full-time on building their real estate empire.
As a real estate educator, I'm very proud to have played a small part in their success!
This could happen to your family too!
Consider joining me next week on my last virtual Canadian Multifamily Investing Blueprint workshop in 2020, on October 30 (evening), 31 and November 1 (all day) and on November 2 (evening) for a bonus session on property management.
EARLY BIRD PRICING is on until midnight Sunday, October 25, 2020, and you get amazing BONUSES valued at OVER $16K, including the first 15 people to sign up for the workshop will be included in a FREE GROUP COACHING PROGRAM.
I hope to see you there!
P.S. If you have not done so yet, please join my Facebook Group (multifamilyinvestingcanada) and follow on Instagram.