Investing in Flips with Scott McGillvray

Everyday Investor with Rav Toor

English - January 11, 2020 16:00 - 21 minutes - 14.7 MB - ★★★★★ - 2 ratings
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Previous Episode: Investing in a Real Estate Investment Trust with Carmen Campagnaro and Gregory Colford

Next Episode: Investing In The Wholesale Strategy Luc Boiron

Nicole Edmonds fills in for Rav on today’s episode and is joined by guest Scott McGillivray who teaches listeners how to make money by flipping properties, something he has done off and on for many, many years.

Episode Highlights:

Scott’s education company, ‘Keyspire’
The 4 types of flips and how they work
A case study of one of Scott’s flipped properties

Quotes:

“Real estate investing’s pretty serious stuff.”

“Helping people with their financial literacy which is something that I think is missing from our curriculum…most people go to school to get a job, they don’t go to school to become successful.”

“It’s not necessarily my favourite investing strategy.”

“It’s how you buy the property that really sets you up to be profitable in the long run.”

“There’s nothing ‘niche’ about this.”

“There’s more juice if you know how to squeeze it right.”

“Traditional flip – you’re in and you’re out.”

“If you’re the person who wants to get into real estate and grow a portfolio as fast as possible, you need to know how ‘flip to yourself’ works.”

“There’s times when flipping makes sense - when the market’s moving with you, it’s a lot easier to make money on a flip than when a market’s moving against you.”

“A quick $80,000!”

“It’s almost infinite returns if you know what you’re doing.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/