Getting a head start by beginning early is the most effective way to build wealth, with investment taking precedence. I've learned from last year's experience that starting early allowed me to create a better life through early investments this time around.
@Calvertmarian9 ай бұрын
I always consult a financial advisor before investing. During the pandemic, I used their strategies to minimise risks and maximize profits, generating around $3 million in three years with my advisor, Jenny Pamogas Canaya.
@Calvertmarian9 ай бұрын
With the help of google you can book an appointment. She has a wealth of experience in the financial market gained over several years.
@zhongxina84272 жыл бұрын
I am a first time buyer. I am purchasing my first rental property and I will be living in it. If you see this, wish me luck.
@DarrenVoros2 жыл бұрын
Best of luck!
@offnl_ Жыл бұрын
How did it go? Also planning to invest
@slf51412 жыл бұрын
we own our own home and have one rental property.. recently mortgage is paid so we really dont want to get into a mortgage again but possibly will as we are interested in getting a 2nd rental property
@jasonstupak45352 жыл бұрын
Watched and liked, thanks! All 3 of my adult kids have rental properties in the same city where they live. Saves the cost of a property manager and still very passive. Rent is paid by etransfer every month. I agree with everything else you mentioned.
@jasonstupak45352 жыл бұрын
@Lucas - RE Investor in Ontario All the best Lucas!
@DarrenVoros2 жыл бұрын
Thanks for watching Jason and your kids sound like they're on the right path.
@asrattadesse8597 Жыл бұрын
Thank you for the informative video! I liked and subscribed. My wish is to become a real state investor, I have equity in my first home and saved up down payment for my first rental property. Should I use my equity towards the second home or apply for a whole new mortgage with just the money I saved up for down payment and legal fees?
@eunicecollett61216 ай бұрын
I am just starting on my journey of becoming a real estate investor.
@iridetoronto28942 жыл бұрын
thank you for the great contents Darren. It would be interesting to hear your take on buying a property for investment purpose solely while living on rent.
@DarrenVoros2 жыл бұрын
Thanks for watching. I'm a big fan of buying properties for the sole purpose of using them as rentals.
@compoundingloonies Жыл бұрын
Hundred percent agree. Real estate has helped me reach the 1M networth!
@DarrenVoros Жыл бұрын
Giddy up!!
@joesix2040Ай бұрын
Helpful video, tho all the camera angle cuts are a little distracting
@stephenfermoyle4578 Жыл бұрын
yet another person talking about real estate honestly !!
@ABb-xw6jy Жыл бұрын
AmZing !!! I’m looking into purchase OmG out of province Bcz Ontario is insane.. and it’s not my first property .. 3rd but this time alone
@sushilgaur Жыл бұрын
Very well done information thank you
@poppalq2 жыл бұрын
Deal check is the real mvp 😎
@A-rM-qk4pe5 ай бұрын
Sir investment is good when you are not relying only rental income only , if rental doesn't pay and property goes power of sale 2 thing goes . 1. Investor goes on legal Hassel 2. Property price increase 3. Less Home buyer want to go for power of sale which means less inventory in a market. If you can afford investment property then only go in canada because of laws.
@TwistedGorillaFab6 күн бұрын
Ok, I live in Calgary...At the moment it is very expensive. I want to buy a rental 1.5hrs away in central Alberta. House prices in Calgary are out of my reach and a have a decent paying job here. I do not want to move but want to pay cash and then rent it out. Financing is not an option at the moment. Should I leap?
@heatscoremusic5 ай бұрын
Great video. A video on Airbnb income might be cool if you haven’t made one already.
@houseofblayne9632 жыл бұрын
Darren.....love your videos. I'm working towards buying my first home and rent out part of it so that I can start building wealth. I've been watching your videos religiously, I think I've watched them all in less than two weeks. Huge fan! Any pointers for Calgary market?
@houseofblayne9632 жыл бұрын
@Lucas - RE Investor in Ontario lol honestly up until now I cared more about camping and road trips than actually paying attention to $. But now I want a different kind of adventure...so learning the ABCs of investing in Real estate. See where this goes.
@DarrenVoros2 жыл бұрын
Hi Blayne. Thanks for watching. In Calgary and any Alberta market buy for cash flow. The market won't stay flat or down forever but it's important the numbers work now. Hope that helps.
@funshoonasanya95182 жыл бұрын
Very useful and valuable advise.
@DarrenVoros Жыл бұрын
Glad it was helpful!
@paulwalters7984 Жыл бұрын
Great video Darren
@user-jh9qt6vs4o Жыл бұрын
Hey there! Love your content. Your advice is absolutely fantastic! Is your free Masterclass still available? I ask as the link appears to be broken. Let me know, thanks!
@zainabkamran34982 жыл бұрын
Where to invest in Canada? In which city or province? Which type of property.....I mean town house, condo...etc??? Also comparison of investing between Toronto and Surrey....or Toronto and Abbotsford.... My options for investment are Abbotsford, Surrey or Toronto Plz do reply i shall be thankful to u... :)
@aichabenromdhane8786 Жыл бұрын
you are great
@andrewbryan63532 жыл бұрын
Great video
@DarrenVoros2 жыл бұрын
Glad you enjoyed it
@snipinmonsta2 жыл бұрын
Hey Darren I was hoping you could help me, I’m currently trying to look into purchasing a 3 unit multi family but I would need to be approached for 350k plus at a minimum to be able to buy one. I have great credit and only debt is my car loan I have a alright paying job and I am planning to sell extra car so I can either put a down payment down or lower my debt. My question is how can I assure I get approved for more so I can make the move? My strategy is going for cash flow. Thank you even if you don’t answer my man you been so helpful as I’m learning soooo much from your videos ♥️
@tdbaseball47332 жыл бұрын
I am thinking of buying a fourplex with 3 tenants on a month to month lease and the other on a lease until march 2023 in Ontario. Can I end the leases with the month to month lease's to bring in new tenants and how much notice do I need to provide. Thanks
@henryimamshah77068 ай бұрын
I am in alberta I have $20000 down-payment but the bank will not finance.
@steven14072 жыл бұрын
Hi Darren, is it better buying a rental property that already has all the rooms rented out or a less expensive home with no tenants? Also buying a home, is it getting a variable mortgage right now since it's lower or a fixed? This will be my first rental property! Will be putting down 20% downpayment around a local university. Thank you!
@HondaTrumpAi2 жыл бұрын
Can we skip dealing with real estate agents? They sound like rip offs. Would a real estate lawyer help, or be good enough? (Along with a broker and property manager)
@germainenahimana3465 Жыл бұрын
So that you can help me buying my first property income
@AlexAlegriaMariachi2 жыл бұрын
Great video, how can I sign to your free master class webinar? Thank you
@cheekymonkeygirl33782 жыл бұрын
I find your explanation easy to understand but why are your subscribers so low? 😔
@arvinderpalsinghsethi78022 жыл бұрын
I superliked this video as it gives me the intended crux. I am putting across my question for your guidance if you may please. I have bought my first accidental rental property as a detach single family bungalow house in Aug 2021 in Laval (Quebec). I say accidental because it just happened due to the situation. I was not aware of the existence of the word real estate investor. But after buying this property and renting it out after basement renovation, I started to research on how can I expand myself. I am an IT contractor and now I am looking on to expand myself using this rental property but not able to exactly figure put my further strategy. Shall I use the equity of this rental house to buy my next property or shall I wait till I collect some money again to put down the down payment and other expanses for the next rental. I will be obliged with your guidance.
@HondaTrumpAi2 жыл бұрын
I have no properties. In my opinion, as long as you don't over leverage and putt out too much equity cutting into your cash flow, I'd try to grab another one, then in time sell them both for a single multi unit. Then build off of that. - Toronto
@はII2 жыл бұрын
I have some land of about half n acre in my name . Do you think building a quadruplex a d then renting out is worthy
@DarrenVoros2 жыл бұрын
You have to make sure it's zoned for what you want to do. Contact the municipality and see what your options are.
@はII2 жыл бұрын
@@DarrenVoros yes it’s R2
@ashrafhelal9354 Жыл бұрын
Hi Darren, nowadays the bank rate is 6%, Is it wise to invest now?
@DarrenVoros Жыл бұрын
Interest rate is irrelevant. It's wether or not you cash flow or not that is the issue.
@dropian Жыл бұрын
How do I find a good accountant and lawyer?
@DarrenVoros Жыл бұрын
Referrals are the best source or get connected with a local investor network.
@JR_5559111 ай бұрын
This real estate investment culture has ruined society's general living needs. An unfortunate time we live in.
@DarrenVoros11 ай бұрын
We have a supply/demand issue, that's the problem. Cut red tape and bureaucracy and we'd have a much more balanced reasonable market.
@JR_5559111 ай бұрын
@@DarrenVoros true but this culture has played a heavy role in hurting your fellow Canadians. It's a hard truth. But investors don't like talking about this.
@HevahaB Жыл бұрын
Are you married
@HondaTrumpAi2 жыл бұрын
🏆👈 *TRUMP*
@user-jh9qt6vs4o Жыл бұрын
Hey there! Love your content. Your advice is absolutely fantastic! Is your free Masterclass still available? I ask as the link appears to be broken. Let me know, thanks!