Leveraging Other People's Time, Money, and Knowledge

Prosperity Through Multifamily Real Estate Investing

Edna Keep, real estate investment teacher and author of Multiple Ways To Wealth: Creating Your Prosperous Lifestyle, has a deep understanding of what investors want in a deal.
As a former financial advisor, she helps connect investors with everyday people who want to create true passive income for the long term. Her team has a portfolio of $75 Million that they built in less than 14 years - primarily multifamily units and primarily with none of their own money. They have over 778 doors, with 178 units having been added in just the last year.
In addition to coaching real estate entrepreneurs, Edna lives near Regina, Saskatchewan between Calgary and Winnipeg with her husband Warren and teenage daughters Desiree and Dhani.

For today’s episode we will cover:

[00:00 - 9:19] Opening Segment.

• Getting to know Edna Keep.
• The first Real Estate Trip.
• Ready, Fire, Aim
• The importance of having a coach

[9:19 - 16:48] The difference between the Canadian and US market.

• Finding bargains out of state.
• Transition after the first few deals.
• Focusing on the smaller multi family market properties.

[16:48 - 20:15] Finding true value add opportunities

• Going direct to the seller.
• Buying something with all cash.
• Focusing on work force housing.

[20:15 - 24:56] The opportunity in the affordable housing space.

• Lack of affordable housing space.
• Find the doctors.
• How to not be taken advantage of.
• Why Real estate isn’t passive

[24:56 - 27:52] Finding people that know what they’re doing.

• The importance of finding people that are efficient.
• The dynamic areas of the operation side.

[27:52 - 37:35] The beginnings of teaching others about real estate.

• Common mistakes to avoid to be more successful in real estate.
• Cashflow game by Robert Kiyosaki.
• Staying on top of the real estate game.
• Why you should get a coach.
• Being the deal expert when talking to investors.
• Getting multiple coaches.
• Protect what’s between your ears.

[37:35 - 42:31] The mindset you need

• Consistently changing coaches.
• You have to level up your coaches.
• Going straight to multi-family.
• Working with people who already own real estate.
• How to find amazing deals.
• Be part of the 10% of people.

[42:31 - 47:09] Learning how to be rich.

• The various ways to become a better investor.
• Knowing your strengths and weaknesses.
• Final words from everyone

[47:09 - 51:35] Closing Segment

• Final questions for Edna

Tweetable Quotes:

Real Estate is never really passive. It can be passive for your investor, but somebody has got to be active. -Edna Keep

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