“If you have the opportunity to get bonus houses, then get bonus houses!” – Gary Spencer-Smith
We’ve been through COVID (hopefully) and there’s signs that the worst of it is behind us, so how did you manage your portfolio during this incredibly unique time?
What are you going to do moving forward to keep your portfolio strong, healthy, and helping you achieve the lifestyle you want to live?
After a brief summer hiatus, RevNYou’s Doug Meyers is back to host another episode with Gary Spencer-Smith discussing how Gary has managed his portfolio over the past 12-18 months, along with some things to look out for as the world continues to (knock on wood) open up again.
Key subjects covered in this episode include:
Personal stories from Gary’s portfolio management over the past 12 – 18 months. The reasons why Gary sold some properties owned with one of his JV partners. How to be a valuable JV working partner in times of uncertainty. Predictions for the future including the cost of doing business, availability of materials, and supply chain delays. Why owning real estate creates financial peace of mind in times of need. How to build a portfolio that has resiliency. The importance of a good joint venture contract. How Gary is using the real estate cycle in different markets to make portfolio management decisions. Two final tips for investors wondering what to do next.
Books referenced in the episode:
Secrets of the Canadian Real Estate Cycle – Don R. Campbell
Thank you for listening and we look forward to welcoming you to the RevNYou with Real Estate community!
– The RevNYou with Real Estate Team
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