[Garth Turner - Real Estate in Canada]

Haha Vanier, never would've imagined that little corner of the world mentioned on here. One of my best buddy's family owns the Lorenzo's there in Overbrook, if you are familiar Liberty

[Your 10yr Annualized Returns - Study of the high returners]

I have a new entry from someone, from the forum, that just crushed it in real estate.  IRR north of 60% over a 10yr period.  While it is a different asset class I think there still are many similarities with our other high performers.

 

In this case the investor identified really cheap assets.  He used a clever approach, and a tonne of leverage to buy these assets as quickly as possible on a small amount of initial capital.  Doing all the work himself he was able to conserve as much cashflows as possible that he could then reinvest.

 

Much like the other stories, this investor is extremely patient and only buys a very small portion of the deals he does deep due diligence on.  Then he swings massively.

 

So, path to great returns is still identify something very cheap, swing large, and hold.  In this case, the willingness to get your hands dirty and do all the work yourself was a tremendous part of the success.

 

To those that are thinking the leverage here must have been huge.  It was, however the mortgage payments are covered 3x by rent.  That is already more conservative than anyone buying a house in Ontario these days...

 

Where in the world does he find properties with those kinds of rental yields??