While flipping is one of the most popularized and commonly discussed real estate investing strategies, it’s one that we actively avoid.  In this episode, we share our experiences with past flips and some of the challenges and complications that make them one of our least preferred strategies.  We’ll discuss the flipping variables to be aware of and if you are pursuing this strategy, what you can do to help ensure your success.

What you’ll learn: 

• Why the unexpected or expected variables in flipping are not worth your trouble; 
• Where can I earn a better return on my investment than real estate flipping? 
• Why you should consider the Iron Triangle when making decisions; and,
• Why we think rental real estate is OUR bread and butter investment strategy.

Resources: 

• Property Analyzer Spreadsheet
• Retirement Planning Spreadsheet
• Download our Wealth Building Blueprint
• The Invested Teacher Wealth Building Booklist

Interested in Partnership Opportunities?

For those interested in potential Joint Venture (JV) Partnerships, reach out to us here.

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If you listen to podcasts like The Rational Reminder with Ben Felix & Cameron Passmore, The Canadian Investor, The Canadian Real Estate Investor, Build Wealth Canada with Kornel Szrejber, ChooseFI with Jonathan Mendonsa & Brad Barrett, Afford Anything with Paula Pant, The Ramsey Show with Dave Ramsey, BiggerPockets Money, The Money Guy Show with Brian Preston & Bo Hanson, Invest Like the Best with Patrick O’Shaughnessy, Masters in Business with Barry Ritholtz, The Wealthy Barber Podcast with David Chilton, Financial Audit with Caleb Hammer, In the Money with Amber Kanwar, The Loonie Hour with Steve Saretsky, or More Money Podcast with Jessica Moorhouse — we’re confident you’ll enjoy Canadian Wealth Secrets too.

Canadian Wealth Secrets is an informative podcast that digs into the intricacies of building a robust portfolio, maximizing dividend returns, the nuances of real estate investment, and the complexities of business finance, while offering expert advice on wealth management, navigating capital gains tax, and understanding the role of financial institutions in personal finance.