Episode 83 - Over 200 Residential Units and Counting w/Mark Loeffler

<p>Gary chats in this episode with Mark Loeffler, a real estate representative, author and award-winning investor! Gary and Mark sat down to discuss his almost two-decade journey as an investor, and Gary considers him one of his earliest mentors. Mark was a master at ‘tenant first’ vs. ‘property first’, which Gary explains in the intro. Not only is Mark an investor he’s also a mentor, helping many grow their portfolios. He currently holds over 200 residential units and shows no sign of slowing down. He’s purchased rent to owns; fix and flips; and many more real estate approaches. He’s been in the game so long, he actually bought a duplex in Toronto for $280,000!</p> <p>What you'll learn:</p> <ul> <li>Mark’s opinion on what will happen with the market once deferrals come due</li> <li>When will the fallout happen, or will it happen at all</li> <li>What were Mark’s biggest mistakes</li> <li>How anyone can makes the same mistakes as Mark and yet be incredibly successful</li> <li>The funny story about Mark’s very first investment property</li> <li>How DID he actually get his first property</li> <li>How Mark currently has OVER 200 RESIDENTIAL UNITS!</li> <li>Which family member inspired him to open his eyes to real estate investing</li> <li>What prompted him to leave his last corporate job and migrate to investing</li> <li>Why his ‘tenant first’ approach is better for the tenant and the neighbourhood</li> <li>A market update as to when the podcast was recorded</li> <li>Why the cottage market is so hot right now, both Muskoka and Kawarthas</li> <li>Why the population will grow in Toronto, and is there enough housing for them?</li> <li>Why a commodity like lumber is delaying housing starts</li> <li>How supply and demand are affecting housing and prices, both for sales and rentals</li> <li>What is “Google, guns and butter economics”</li> <li>Is there a possibility of negative interest rates here in Canada?</li> <li>When does Mark think rates will go back up?</li> <li>Where, geographically should we invest?</li> <li>Why Ma