Why you have to check out this episode:

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:

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