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For years, “Airbnbing your property” has been the glittering promise of the real estate side-hustle. The surge in short-term rentals (STRs) pre-pandemic painted a picture of lucrative, flexible income. But with shifting regulations and market dynamics, is it still the golden ticket for your rental space? While countless articles hype the potential, let’s cut through…
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My business coach and mentor drilled into me a golden rule of real estate investing: never, under any circumstances, buy a property you haven’t seen in person. And, just as critically: never buy a “garbage” property. It sounds simple, yet the temptation of a “deal” can be blinding—sometimes literally. Buying a property sight unseen is like walking a…
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If your property is in a dense urban core or an area ripe for development, there’s a piece of crucial real estate jargon you need to know: Crane Swing and Tie-Back Rights. Imagine this: a major developer acquires every property adjacent to yours and plans a towering high-rise. Suddenly, your modest building is not just a…
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Before I begin, I can’t help but smile. This is a topic I’ve been eager to write about because it offers such a fascinating glimpse into the human mind. Ghosts, spirits, and the unexplained have a way of weaving themselves into the fabric of real estate, often with a strangely compelling twist. When you manage…
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In real estate, we plan for the expected: market analysis, comps, broker fees, and staged showings. But sometimes, the most extraordinary opportunities arrive not through a meticulously plotted strategy, but through a simple, open door. Our entry into this business was anything but conventional. It began not with a license or a formal plan, but…
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During a search for a future fund CFO, I had a thought-provoking conversation with the CFO of a major Canadian corporation. We discussed a fundamental concept that often gets lost in the spreadsheets and closing documents: the profound realness of the asset class we work with. He pointed out, quite aptly, that we use the term “real…
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In the glamorous world of real estate—the flips, the deals, the skyline views—there exists a deeply unglamorous underbelly. It’s the stuff no one dreams about but every seasoned investor must confront: wastewater backup. Whether you own a multi-family complex, a single-family home, an office, or an industrial site, one of the most critical systems to understand…
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The High-End Flip: When Ambition Outpaces Experience 5 Lessons I Learned From My First Property Flip
In every investor’s journey, there is a project that serves as a crucible. For us, it was a seemingly ordinary bungalow in a highly desirable neighborhood. The value was not in the 1950s structure but in the half-acre of prime land and the potential to redefine it. Our plan was straightforward: buy at $980,000, invest…