5 Year Real Estate Plan with Kendal Slipchuk

2023-05-19

Want to walk out of your day job and be financially free for life? Let's dig into this episode now! Kendal Slipchuk has been a real estate investor for 10 years and has massive experience in fix and flip, buy and hold, and BRRRR strategies. He has a strong network of investor-focused licensed contractors and power players who can help him get deals done quickly and smoothly. Listen now and live the life you've always wanted with a diversified portfolio and lower risk of doing business. Checkout: Raising Capital Without Rejection Full-Day...

Want to walk out of your day job and be financially free for life? Let's dig into this episode now!

Kendal Slipchuk has been a real estate investor for 10 years and has massive experience in fix and flip, buy and hold, and BRRRR strategies. He has a strong network of investor-focused licensed contractors and power players who can help him get deals done quickly and smoothly.

Listen now and live the life you've always wanted with a diversified portfolio and lower risk of doing business.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you will learn from this episode for 27 minutes:

Discover an investment property that can serve both as a short-term and long-term investment opportunity.
Develop a 5-year real estate plan enabling you to break free from your 9-5 job and achieve long-term financial stability.
Find out the significant benefits of investing in this particular type of property.

Resources:

Have a chat with Kendall, click here: https://kendalslipchuk.com

Topics Covered:

01:39 - Talking a bit about his Japanese wife and what the dynamics is about when it comes to real estate investing

04:00 - What motivated him to pursue real estate and how different is the culture in North America versus Japan when it comes to real estate

06:52 - What his investment properties were when he just started and the mistake he regretted [plus what made him transition to flipping]

09:09 - Where does flipping fit in long-term wealth building?

11:37 - What is so beneficial about purposely-built homes as an investment strategy?

13:52 - Creating a brand new community and not one already run by developers[plus the process of doing it, the initial cost to start, and the timeframe]

17:03 - Why wait later to build garages or suites for these homes when you can do it right away?

18:26 - Taking advantage of the cash flow that comes from renting out garage suites separately

20:11 - The downside to having this investment strategy he's focusing now as well as the advantageous exit strategy for this

23:24 - No instant equity with purposely-built homes only maximizing income from it[and, Is it a good idea doing flips on the side?]

Key Takeaways:

"Real estate is not necessarily passive, but it does make a pretty good amount of money without you really doing much." - Kendal Slipchuk

"On that one [purposely-built home] we’ll eventually build a garage suite in the back and then use that potentially as an Airbnb, and the main house as a long-term rental." - Kendal Slipchuk

"For other investors it may not make sense to go build a garage suite for the amount of cost, but I'm looking at it as a long-term holding property for myself, my family and my kids to pass on." - Kendal Slipchuk

Connect with Kendal Slipchuk: