Thriving in Turmoil: Cory Sperle's Guide to Real Estate Success in Challenging Times

The Hidden Upside

In times of economic decline, when markets are plagued by uncertainty, and investors face mounting challenges, it takes a unique blend of determination, resilience, and strategic thinking to navigate the storm. Real estate investor Cory Sperle embodies these qualities as he confronts the hurdles of remote property management head-on. This episode explores Cory's inspiring journey, highlighting how he seeks guidance, embraces resilience, and conquers the challenges presented by a market downturn. In this episode, you will be able to:

• Walk through Corey Sperle's compelling journey in real estate investing, a mixture of challenges faced and broken barriers.
• Decode the necessary elements of handling property management from afar and the power of a reliable team.
• Encounter firsthand knowledge of maneuvering an economic downturn in a smaller community and its impact on real estate.
• Acknowledge the invaluable role of thorough local market knowledge in shaping informed and profitable investment decisions.
• Distinguish between different real estate investment strategies, scrutinizing their risks and potential rewards.

Cory is an investor based in Kelowna, British Columbia. Originally from Saskatchewan, his investment journey began with a fortunate house hack, introducing him to real estate wealth creation. He gained valuable experience in mid-sized markets like Edmonton and Saskatoon, focusing on adding value to multi-family properties. His time in Saskatoon was challenging and taught him important lessons. After a successful period in Edmonton, where he had a capable team managing his multi-family assets, returning to his hometown brought unexpected difficulties. The city's economy suffered from the collapse of multiple industries, resulting in a high % vacancy rate of 20% throughout the city. He struggled for three years, dealing with declining rents and increasing vacancies. His attempt to take advantage of a potential market upswing became difficult. This experience in Saskatoon sharply contrasted with his previous success in Edmonton, serving as a bitter reminder of the market's unpredictability and the significance of having a solid team to navigate economic downturns. Connect with Cory: Website: https://altynequities.com/ Multifamily Investing Naked Truth Podcast: https://www.youtube.com/channel/UCUsMUwpvcFFUhhho2F5S1jA Facebook: https://www.facebook.com/altynequities IG: https://www.instagram.com/corysperle/?hl=en