The RECC Podcast

affordable housing
human: care about people and what they go through
respect rules
forthcoming when late, we can come up with arrangement
empower the people that work with me
challenge of affordable and sustainable housing in Canadian climate that I wish to take on and contribute to

opportunity to improve the property and bring it to market
have enough savings so you don't run out of cashflow with 10-15% vacancy
outrun the competition
time to schedule viewings: I have systems in place but stay involved in screening: potential property to buy and know what questions to ask when screening a tenant
I like to ask tenants what they thought of the unit and how we could improve it and what's next for them

this famous saying: "Your network is your networth"
but not only from a materialistic perspective: if you have deals and connections you can find investors
the more connections you have the more chances you have to find solutions to your problems
you can use social media: LinkedIn, Facebook, meetups, covid is tough but it makes it eeasier to connect with others from the comfort of your office
I have a housing development project for co-living space so I have google alerts about certain topics - including sustainable housing - I read article daily and connect with the key players mentioned in the articles

invest in a province or state with no rent control to hedge against inflation
low income housing like MHPs is a safe way to invest
multifamily and industrial faired well during covid
in retail: make it covid/Amazon proof by focusing on neighbourhood services

Atomic habits: add habits to each other or stack them: swim, meditate for 30 min, listen to CRE podcast on the way back and forth
system with accountability buddy: track 3 things, 1 habit 30 lengths at the pool, 1 professional task and 1 personal task
gratitude list 
translate goal into daily habits

Growing up in France you would be humiliated for making mistakes
in entrepreneurship, failures, mistakes are the most valuable lessons
when you make mistakes: take full responsibility, full ownership like suggested in the book Extreme Ownership by Jocko Willink

Real Estate Investing in Canada by Don Campbell published in 2009, found it in the office at work
it explained job growth population growth 
and the 4 seasons of the real estate cycle: recovery, expansion, hyper supply, and recession
that's how I decided to invest