How To Do Market Research Outside Your Home Market | Interview with Kurt Warner

Join us this week for a conversation with Canadian Real Estate Investor, Kurt Warner. Director of JFK Properties Canada, Kurt went from being fired from his 9-5 job to becoming a professional Real Estate investor. 

Kurt’s start in investing wasn’t glamorous. His first project was a flip that made no money! 

That didn’t deter him, however. Some years later, with the right partners, Kurt decided to go full-time. His decision coincided with the beginning of the COVID-crisis, and Kurt had a hard time finding deals where the numbers made sense in his home-market in Greater Toronto. 

Kurt decided to target a secondary market , which he studied from a distance. A true numbers wack, Kurt now closes on properties almost without seeing them! In this interview, he tells us about the value of market research and the importance of having a great power-team when investing away from  your home market. 

Don’t miss this conversation with Kurt Warner!

What we learned from Kurt Warner and Terrie Schauer in this episode:

- Fired from the 9-5 Grind: Kurt's Journey to Real Estate Investing

- Kurt’s first failure as a real estate investor 

- How to overcome real estate disappointment: From Loss to Recovery

- Kurt's Insider Tricks for Studying the Real Estate Market from Afar

- The Essential Role of Property Managers and Realtors in Real Estate Investing

- From multifamily to self storage facilities… a look at how Kurt adapted to change.

- Kurt's tips for scoring big in the real estate game: a winning formula revealed!

Success Quotes:

"Anybody that is starting out, make sure you don't forget other aspects of the way, when you're getting into real estate investing.” - Kurt Warner

“You just have to create action steps that you can do every day, and just to plan things out” - Kurt Warner

Timestamp:

00:00 - Intro

00:56 - Kurt talks about a little bit about his journey through life that has led him to become a real estate investor. 

03:04 - Kurt shares his first failure as a real estate investor and how he was able to recover from it.

08:45 - Kurt shares some interesting guides on how you can study the market without actually seeing it. 

11:25 - Kurt talks about the importance of having a good property manager and a realtor. 

14:16 - Kurt’s business model. 

16:50 - Kurt talks about how he adapts to changes as a result of his new venture.

20:18 - Kurt describes his personal experience of the lifestyle hit that comes with investing.

25:06 - Kurt discusses what real estate investors need to talk about that isn't being discussed.

27:41 - Ways to connect with Kurt. 

28:39 - Outro

Connect with Kurt Warner here: 

LinkedIn: https://www.linkedin.com/in/kurt-warner-8699b63 

Life Balance Mentor Program: https://lifebalancementor.com/ 

Connect with Us:

Facebook Page: https://www.facebook.com/restateinvestorsclub/ 

Email: reic@clubimmobilier.ca 

Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/ 

Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/ 

Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/