A former teacher turned fulltime investor is dishing all the secrets needed to make a go as a professional real estate investor.
“I tried different ways of investing and I found real estate was the best and quickest way to build wealth,” Quentin D'Souza, a professional investor with over a decade of experience, told Canadian Real Estate Wealth.
D’Souza left a successful career as a teacher – one that he could have easily held down until retirement age – to take a crack at investing.
“When I first left my position as a public school teacher, I had done quite well for myself in teaching,” he said. “The first month that I did my first flip after making the transition, I made the same amount of money in a month that you made the previous year teaching.”
The veteran, who has invested in over 40 homes, is sharing his tips with fellow investors at the upcoming Investor Forum in Toronto.
D’Souza’s favourite investment strategy is to buy, fix, refinance and rent.
“Some people call it the long flip. It gives you the power of a flip, where you’re getting an instant lift in value and it hypercharges your ROI,” he said. “It allows you to get a return quickly and if you do it with cash flowing properties, you get ongoing cash with very low or no money into the deal.”
He will host a session entitled "Real estate flipping: Pitfalls and lessons learned.”
In this session, D’Souza will show you the flipping methodology and process from A to Z by using real-life examples and scenarios. You will walk away with concrete strategies and practical steps, including dos and don’ts of flipping. Through this session, you will learn how to avoid making future mistakes, including:
- Five mistakes that make house flipping a flop
- How to flip homes and make real estate profit the right way
- Tax consequences of flipping
- What is shadow flipping, and how does it work?
- Long flip versus quick flip
“The best time to invest in real estate was 15 years ago,” D’Souza said. “The second best time is today.”
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