Jan 15, 2020
As you all know we have a decent size portfolio here in Canada and mostly in Saskatchewan. It has paid out very well so far until now have focused pretty close to home. We are focusing our next purchase in US since we have found some really attractive pricing.
I have partnered with Marcin Drozdz and Phil Wazonek to launch Distinct Real Estate LP Inc, a Real Estate Investment Trust (REIT). I have known Marcin for about 10 years now. Marcin has know Phil for many years too.
Now lets jump on the question; why we are looking to invest in US market?
I have been asked this question a lot lately since we have announced our REIT.
The key factors to take our investments to US are promising growth trends, stable job market, low average cost rental unit, low vacancy rates and landlord friendly conditions (No Rent Control or Tax Incentives) etc.
For example, the majority of investments in USA will be in a mid-west where some of the Fortune 500 companies have their hubs located in cities like Memphis, TN. We can get rental properties in $25,000 to $30,000 a door where as in Canada we have to spend over $500,000 to get a 500 ft space in some areas like Toronto, Vancouver. Marcin says we can't even get a parking space in Toronto for $25,000.
More importantly, the wage in mid-west USA is just above $7. So an average worker needs to work over 90 hours a week to be able to afford a one bedroom rental. The home prices are too high for those who rely on minimum wage and thus presents an opportunity for investors like us to invest in areas like these.
With that being said, we are looking at higher cash flow and double digit returns with our investments.
We have always invested in properties with affordable rental market because we believe even if the economy goes in recession, everyone needs a place to stay. So affordable rental properties has always been our primary focus.
To listen to my Facebook live video, Click here.
So we will be presenting to Accredited Investors an opportunity to invest with us and will provide you more details in my Prairie Real Estate Forum event coming up in March 23rd to 25th, 2020 at Double Tree by Hilton in Regina, SK.
For more information and to buy tickets. visit https://ednakeep.com/2020-prairie/
Both of my partners Phil and Marcin are going to be there and will be sharing you more detailed information during the event.
So I hope to see you all there and tickets are on sale at discounted price until January 31st. So hurry up and buy your tickets since we have only limited seating available.
Again if you need my help to expand your Real Estate portfolio, visit my website www.ednakeep.com and look for the 90 Days to $5K program.
Schedule a Strategy Call with me to discuss more.