In this episode
- The music does stop sometimes
- Real estate is a cyclical business
- Create a cushion for downturns
- Avoid properties going underwater…
- Panic selling or buying is a very bad decision
- Negative cashflow can destroy your business
- Focus on increasing revenue no matter the market
Guest
With over 20 years of experience, Michael shared how he began and how he grew. He started out without any plan and slowly grew to realize that he now had two full-time jobs… He chose to quit his full-time job to become a real estate investor and to scale. After buying about 5 properties, the banks started saying no and that’s when he entered the world of JVs. You make the money on the buy! Cash flow is king…
Get in touch with Michael:
Website: www.prosperityinvestments.ca
Brought to you by
This episode has been brought to you in part by
Private Money 4 Mortgages – http://privatemoney4mortgages.com/
Elevation Realty – http://www.elevationrealty.ca/
BM Select – https://bmselect.ca/
The show notes are brought to you in part by:
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