January 16, 2024

What Makes The Canadian Housing Market Different w/ Kenny Simpson - E17

50 minutes

In this episode, Alex welcomes back Kenny Simpson, a prolific Mortgage Advisor and Real Estate Investor based in San Diego, California. This is actually an interview Alex did on Kenny's Podcast, "Get In The Cashflow Game". Be sure to checkout Kenny's podcast below: https://getinthecashflowgame.com/

Alex discusses the differences between the US and Canadian Real Estate markets, including how advances in mortgage rates have affected the Canadian market. Alex provides insight into the current housing market in Canada which has become a buyer's market with high rates causing financial stress for homeowners. He also unveils the high immigration rate's impact on the market, driving up rental rates due to increased demand and limited supply. He ends by underlining some investment opportunities such as purchasing land or single-family homes and points out the potential challenges for American citizens interested in buying property in Canada.

Kenny and his wife, Krystal, have funded over 3 billion in loans, own over 46 units and generate 300,000 annually in cash flow. Check out Kenny & Krystal's Podcast "Get in the Cashflow Game with K&K" here: https://getinthecashflowgame.com/podcast/

Kenny’s been navigating the real estate market through two of the most turbulent decades for housing and loans. He’s spent 17 years of working with thousands of borrowers in the San Diego area and beyond—he’s helped fund over $3 billion in loans for his clients.Living and working on both sides of the 2008 housing crisis has given him perspective on how rapidly market conditions and mortgage programs can change. Combine that with his commitment to self development and discipline, and he has a unique insight into how to help clients reach their goals.Kenny shares his journey on how they grew a successful real estate business and achieved financial freedom through investments. They also run a top real estate podcast that focuses on teaching people in-depth insights about real estate investing. Kenny underscores the importance of education, seeking advice from experts, determination, sacrifice, and planning in real estate. He challenges listeners to think about their financial future, evaluate potential investment opportunities, and take steps towards getting in the 'game' of real estate.

Ready to take the plunge into homeownership? Don’t miss our comprehensive First-Time Home Buyers Course available at the link below. This essential resource is designed to guide you through the maze of purchasing your first home with confidence and ease. Free for a limited time to listeners of the show!

https://alex-s-school-7883.thinkific.com/courses/first-time-home-buyer-course

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Don't just dream about your future home, make it a reality! Subscribe to "The Flow: Real Estate & Money Show" for more invaluable insights, and visit our website at getflowmortgage.ca to discover how we can help make your property aspirations come true.

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