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In this episode of The Property Mindset Podcast, Phil Gadd welcomes back multifamily real estate expert Greg Eaton for an in-depth discussion on identifying and evaluating cash-flowing properties. Greg shares practical insights into key financial metrics like cap rates, ROI, and the 1% rule, breaking down complex concepts into actionable advice for both new and experienced investors. If you're looking to generate steady cash flow and grow your real estate portfolio, this episode is packed with valuable tips on leveraging investment strategies for long-term success.

Tune in to learn:

• How to evaluate cash flow potential
• The importance of cap rates and how they affect your ROI
• The 1% rule and when to use it
• Key factors for managing cash-flowing multifamily properties

Whether you're just starting out or looking to scale your investments, Greg Eaton's expert advice will help you unlock the true potential of cash-flowing properties. Don't miss out on this insightful episode!

Listen to the full episode and take your real estate investing to the next level!

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Buzzsprout Episode Description:

Dive into the evolving dynamics of the Fernie real estate market in our detailed August 2024 analysis on the Property Mindset Podcast. This month, host Phil Gadd explores significant shifts and what they could mean for you, whether you're buying, selling, or investing.

In This Episode:

• Surge in Listings: Discover the implications of an impressive 13% increase in new listings and what it signals about market health.
• Sharp Decline in Sales: We delve into the dramatic 68% drop in properties sold compared to last year, analyzing the potential reasons behind this trend.
• Price Movements: Examine the decreases in both median and average sale prices, with a median drop of 12% and what factors are contributing to this adjustment.
• Market Speed: Understand why properties are selling nearly at their asking price despite the rapid changes, with a sale to list ratio of 99%.
• Buyer’s Market Indicators: Unpack the staggering rise in the Monthly Supply of Inventory (MSI), now at 10.29, and active inventory up by 63%, indicating a strong buyer’s market.

Key Takeaways:

• Gain insights into how current trends can affect your buying or selling strategy in Fernie.
• Learn about the shifting balance of power between buyers and sellers and how to navigate these changes effectively.

🎧 Listen to the full episode to equip yourself with the knowledge to make informed decisions in a fluctuating market.

Stay tuned as we break down the numbers, trends, and what they mean for the future of real estate in Fernie.

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In this insightful episode of The Property Mindset Podcast, host Phil Gadd sits down with multifamily investor Joel Labonte to dive into the strategies behind successful multifamily investing. If you're a real estate investor looking to break into multifamily properties or expand your existing portfolio, this episode is packed with actionable tips. Joel shares his journey, from finding his first 17-unit property in Cranbrook, BC, to building a network of investors and navigating the complexities of value-add real estate deals. You’ll also learn about the importance of underwriting, building relationships with brokers, and finding opportunities in smaller markets like the Kootenays.

Key Takeaways:

• How to approach value-add multifamily deals
• Building a network of trusted investors and partners
• Tips for underwriting and evaluating multifamily investments
• Navigating tenancy laws and managing renovations in smaller markets

Whether you're new to multifamily investing or an experienced real estate entrepreneur, Joel's story offers valuable insights into how to succeed in today’s competitive market.

Tune in now to learn how you can maximize returns in the multifamily space!

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In episode #30 of The Property Mindset Podcast, host Phil Gadd breaks down the recent Bank of Canada rate cut and its impact on Canadians, especially those dealing with mortgage renewals and high debt. Dive into how this 25-basis-point rate cut is providing relief for variable rate mortgage holders and sparking cautious optimism for Fernie homeowners and buyers alike.

We explore insights from the Mari Public Opinion Household Outlook Index and how shifts in economic sentiment might affect the Fernie real estate market. If you're navigating mortgage renewals, variable rates, or considering buying or selling in Fernie, this episode offers crucial insights to help you make informed decisions in a changing landscape.

Tune in to learn how this rate cut could influence your real estate decisions and what you can do to stay ahead. Need personalized advice on your mortgage or the Fernie real estate market? Book a call today to discuss your unique situation.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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n this episode of The Property Mindset Podcast, Phil Gadd explores how the recent stock market fluctuations might impact the Fernie real estate market. With an 80% surge in new listings and stable interest rates, Fernie’s unique appeal to second home buyers and investors offers a level of insulation from broader market trends. Discover why Fernie remains a strong investment, even amid economic shifts. Listen in for expert insights and stay informed on your next real estate move.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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In Episode 28 of The Property Mindset Podcast, host Phil Gadd dives into the latest trends and statistics of the Fernie real estate market for July 2024. With an impressive 80% surge in new listings and a notable drop in average sale prices, we explore what these changes mean for both buyers and sellers. Discover why properties are moving faster but selling for less, and gain insights into how to navigate this evolving market. Whether you're a seasoned investor or a first-time buyer, this episode is packed with valuable information to help you make informed decisions in the Fernie real estate market.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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In this episode of the Property Mindset Podcast, host Phil Gadd delves into the recent decision by the Bank of Canada to reduce interest rates to 4.5%. Discover how this change is set to influence the Canadian economy, with a special focus on the Fernie real estate market. Phil discusses potential impacts on consumer spending, mortgage payments, and market dynamics, offering insights for both buyers and sellers in Fernie. He also explores the broader implications for businesses and the Canadian dollar. Whether you're a potential homebuyer, a real estate professional, or just interested in the market, this episode provides valuable information and practical advice.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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In this episode of The Property Mindset Podcast, Phil Gadd dives into the latest Fernie Real Estate Market Report for June 2024. Discover key insights, including a 6% rise in new listings, a 15% increase in average sale prices compared to last year, and a whopping 36% rise in average house prices since 2021. Stay tuned for detailed analysis and what these trends mean for buyers and sellers in Fernie.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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In this episode of The Property Mindset Podcast, join host Phil Gadd from First Tracks Real Estate Group as he sits down with mortgage expert Stephanie Roughead to debunk two major misconceptions in today's real estate market. Discover how you can buy investment properties with less than 20% down and learn why selling your current home before buying a new one might not be necessary. Stephanie provides actionable insights and strategies to navigate the real estate market effectively, making this episode a must-listen for both aspiring investors and seasoned professionals.

Tune in to get expert advice and elevate your real estate game!

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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In Episode 24 of The Property Mindset Podcast, host Phil Gadd welcomes past client Sam, who shares his inspiring journey from relocating to Fernie from Montreal to building his dream home. Discover the challenges and rewards of this life-changing move and gain valuable insights into the home-building process in Fernie, BC. Sam provides practical advice on buying land, working with builders, and integrating into a new community. This episode is perfect for anyone considering a big move or looking to build a custom home in a beautiful ski town.

Tune in to learn:

• Why Sam chose Fernie for his retirement
• The process of buying land and building a home remotely
• The benefits and challenges of living in Fernie
• Tips for integrating into a new community

Don’t miss this insightful episode filled with practical advice and heartwarming stories from the world of real estate.

Show Sponsor: First Tracks Real Estate Group - eXp Luxury

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