Hello Everyone with Real Estate investments in Hamilton, Ontario!!
Hope you’re all having a great week and enjoying the warm weather!! Last week on Friday a 1-2 hour tour turned into three hour tour on stand up paddle boards!! Time flies when you’re having fun and I always have a good time hanging out with Mike Gillespie.
As the saying goes, you are the average of the five people you spend most of your time with, hence I hang out with Mike who is an entrepreneur, a philanthropist, and real estate investor. Mike’s investment properties allowed him to resign from his cushy government job a few years ago, so he has free time for fun things like paddle boarding on a workday.
With BBQ season upon us, why not host a cook out with your investor friends instead of your old school friends for a change? I have Basement Suite specialist Andy Tran of suiteadditions.com with his young family coming over in a few weeks for play date and a possible discussion on Hamilton’s future for basement apartments. Dinner might even be considered as client entertainment for tax purposes!! Sounds great! We’ll talk about investing to grow our wealth and tax deduction. Win-win-win-win-win-win-win-win. Go do the same today!
The 15 Hour Work-Week w/ Susan White Livermore
Susan started investing in real estate in 2006, five years after watching her younger brother of 5 years achieve great success investing in Hamilton, Ontario. Following her brother’s example, she bought two rental students properties in Barrie, Ontario. She admits that the initial interest was all ego, stepping out on her own and accomplishing something most talk about but rarely do. The problem for Susan was that… she got bored. Next she starting throwing money at the stock market and mutual funds where she could see a daily finite number of what she had made (or lost). I think you all know what happened in 2007 and 2008… Suddenly, the boredom of real estate properties had a new appeal…
Susan then transitioned into a full time real estate investing career, attended any and every event to learn about real estate investing. From many Rich Dad programs to REIN (Real Estate Investment Network) and hiring two coaches. She’s read every book associated with real estate investing she could get her hands on.
Soon after, over a 20 month span, she acquired 13 properties, was awarded “New Comer of the Year Award” from the Canadian Real Estate Wealth Magazine. The Following year in 2012 she won REIN’s “Top Player Award”
Today, she is focused on being a mom to her three children by limiting her work week to only 15 hours. On the investments side, her focus is primarily buying, renovating legal secondary suites, and holding in Barrie, Ontario.
Without further ado, I’m very excited to present to you Susan White Livermore.
Podcast available here:
Google Play: http://goo.gl/CAM5Mn
On itunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr
In this episode we discuss:
- How Susan spends her 15 hours of work each week
- How she balances her life in the remaining hours each week
- Changing gears between investment strategies: Student rentals to the stock market back to real estate, rent-to-own and now legal basement apartments
- Why she no longer does rent to own
- What she learned from Rich Dad real estate training programs
- One’s probability of success as a full time investor
- The plan to leave her executive position in HR to be a full time investor
- How Susan lost $30,000 on a property and the lessons so you don’t make the same mistake
- Susan’s sources of joint venture capital
- RSP second mortgages
- How a mortgage company changed Susan’s grandmother’s life.
- Tips on presenting joint venture opportunities
You can reach out to or learn more about Susan’s business or coaching here:
On Facebook: https://www.facebook.com/susan.w.livermore
Thanks for reading and happy Hamilton real estate investing everyone!
Erwin Szeto | MrHamilton.ca
Rock Star Real Estate Inc., Brokerage
PS: If you are just starting out investing, start by spending more time with like minded people and take guided tour of Hamilton by joining us for the next Mr. Hamilton Inner Circle by clicking here!!!