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Short Term Rental Strategies and Creative Finance Tips with Elizabeth Kelly
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Elizabeth Kelly is a real estate investor and coach in Ontario, helping new and experienced investors take their real estate businesses to the next level. Elizabeth has experience with investing in many different asset classes, she has been a trainer for Rich Dad, Poor Dad, and today, she is on the Self Wealth Real Estate podcast to give us some expert advice on real estate investing.
Listen now to learn more about the rent-to-own strategy and what it takes to achieve success as a real estate investor today!
Key Talking Points of the Episode
00:00 Introduction
01:30 What is Elizabeth’s background?
03:14 How did the 2008 crash affect Elizabeth’s real estate investments?
05:42 How did Elizabeth become a trainer for Rich Dad, Poor Dad?
08:02 What is Elizabeth’s favorite real estate investing strategy?
09:30 What is the story behind Elizabeth’s commercial building in Ontario?
12:10 How did Elizabeth get into short-term rentals?
18:48 What is the difference between Rent-to-Own and Lease Options?
24:50 What are the different ways to structure a rent-to-own deal?
26:20 Why did Elizabeth have to move to Kirkland Lake?
27:58 How much has Elizabeth’s real estate portfolio changed over the years?
33:16 What is the importance of understanding when the business needs to pivot?
38:33 What trends are we seeing in the wholesaling space today?
40:33 How did Elizabeth get into coaching real estate investors?
44:53 What is Elizabeth’s most favorite deal?
51:55 What was Elizabeth’s worst deal like?
56:57 How has Elizabeth’s approach to real estate changed over the years? 57:44 What is Elizabeth’s advice for her younger self?
58:23 What is the most overhyped investing strategy today?
Quotables
“I just found that rent-to-owns resonated a lot more for me because I love the idea of taking families, people who had been struggling, who lost their jobs or had some health issues, and being able to help them with home ownership again.”
“If you’re offering housing with good integrity, you’re gonna try and work out a solution where everybody at least walks away – they might not be perfect, they might not be thrilled, but it’s a situation that’s fair. That’s always the goal.”
“My way to give back now in the world of real estate is to do coaching and to do it as transparently and as honestly as possible.”
Links
Social Media: Elizabeth Kelly Consulting
https://www.instagram.com/elizabethkellyconsulting
https://www.facebook.com/EKConsulting.ca/
Website: Elizabeth Kelly Consulting
28 episodes
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