In this episode, Alex McFadyen brings on Michael “Mike” Ponte, an experienced real estate investor and educator. Mike discusses the current trends and potential opportunities in the real estate market in Canada. He emphasizes the importance of understanding numbers and making informed decisions based on current market conditions and what YOU can handle. The conversation particularly focuses on the impact of increased interest rates on property investments as well as what investing looks like for larger multi-family properties. Mike suggests possibilities such as partnering with other investors, buying properties at a discounted price in challenging times, and why investing in multifamily and land development can be beneficial. The episode also touches on the importance of forward-thinking and planning for worst-case scenarios.
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Timestamps: 00:35 Introduction to Real Estate Investment Trends 00:53 Meet the Expert: Mike Ponte 01:30 The Importance of Sharing Knowledge 01:44 Mike Ponte's First Podcast Appearance 02:34 Mike's Journey into Real Estate Investment 03:33 The Value of Genuine Real Estate Education 06:26 Building a Legacy through Real Estate 09:23 Mike's First Real Estate Investment 11:59 The Power of Appreciation and Leverage 13:49 Acquiring a 20-Unit Apartment Building 17:33 The Importance of Patience in Real Estate Investment 19:05 Understanding the Current Real Estate Market 19:34 Predictions for the Real Estate Market in 2024 20:04 Strategies for Investing in Real Estate 22:02 Exploring Opportunities in Different Property Types 22:26 The Impact of High Interest Rates on Real Estate Investment 24:12 The Role of Migration in Real Estate Demand 25:29 The Potential of Land Development in Real Estate 31:32 The Challenges and Opportunities in the 2024 Market 31:50 Building Your Investment Team and Strategy 36:43 Demographics of Real Estate Investors 37:41 Closing Thoughts on Real Estate Investment
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By: Alex McFadyen Title: How-To Find GREAT Real Estate Investment Opportunities with Mike Ponte Sourced From: www.youtube.com/watch?v=TABxWWII4Ec
