What you’ll learn in just 17 minutes from today’s episode:
How to turn low expectations into hot prospects 
Strategies that have him overflowing with cashflows 
How to make a really good deal 
 

Resources/Links
https://thereinvestors.ca/

Summary
Steve Arneson is a full-time real estate investor and educator who helps people use the equity in their homes to set themselves up for earlier retirement and a more fulfilled life. 
In this episode, Steve shares his strategies in turning doubts about a particular situation and market into his own advantage. Even when everyone says otherwise, time and again, he’s proven them wrong. Hear it from him how he did it.
Topics Covered:
01:08 – Sharing his story of how he started in Real Estate
01:47 – His type of Real Estate investing
02:15 – Real Estate as a wealth generator
02:53 – Advice he would give himself if he would go back in time as a start-up
03:47 – Talking about his meet up group, a real estate club in Victoria, what is it about
05:25 – Not accounting for expenses as being one of newbie real investors’ common mistake
05:45 – The most common expense being overlooked
07:28 – The one big strength that guides him in running his business
08:21 – How does a good deal look like
09:32 – A never-say-die attitude of finding cashflow generating income properties
11:16 – Sharing about one golden deal he just had
13:21 – Creating instant equity on your properties
14:47 – Attractive market to invest in
Key Takeaways:
“One of the biggest mistakes that we always see is people just not accounting for all of the expenses. And so you know, trying to find cashflow in any hot market is difficult. But when you’re not accounting for all of the expenses, you know, that cashflow property can turn sideways real quick.” – Steve Arneson
“One of like, the mantras that we had in our business from day one has, we will pass on nine good deals to find one great deal because we know when that correction does come, that great deal is still a good deal. Where as a good deal you might not be making any money in a downward turn.” – Steve Arneson
“Very first thing that my family told me when I started getting into real estate investing as a career was he can’t find cashflow in Victoria, and I don’t know if you’re the same way as me, but I think you are. When somebody tells me I can’t do something, I work day in and day out to make sure I prove them wrong. And I wrote down a couple of things as we were talking before this on how people can execute that and the number one thing that everybody can do is just track all the offers that they’re making and then follow up with those offers a month, three months, six months down the road. Some of the best deals that we have in our portfolio right now came from falling up six months down the road after our first offer.” – Steve Arneson
Connect with Steve Arneson:
thereinvestors.ca
Facebook
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates