Episode 2

2 – Switching Careers with Real Estate Investing

Episode Summary

In this episode, Quentin takes the mystery out of real estate investing with a new member who has owned a business for 15 years and is looking for a career change. We go over the best way to get started in real estate investing, and why you should start now and not wait for later.

The member shares that he has worked in the masonry business for the last 15 years, but now he is looking to change from a career in stone masonry. Quentin adds that in real estate, it's about figuring out what works and what doesn't work for you, what you like, and what strategy you want to focus on. The member shares that he has renovated a couple of his properties, planning to sell one later. Quentin suggests that he should focus on both getting his license and buying a property. He says "See what you qualify for, then you can go and figure out what you want to do."

Quentin suggests starting with the financing piece, and then just finding something where numbers make sense. He adds, "If you're looking for numbers that make sense, I would say focus on Barry. Barry right now has the ability to do garden suites, which is not really well known. And so if you can buy a house put, like put a basement suite in and then add a garden suite, you're basically creating a triplex, which would be a good strategy." In conclusion, Quentin suggests starting right away once numbers make sense and he has a good deal.

Topics Discussed

• Introduction [00:00]

• His Masonry Business and How Does it Work? [01:45]

• What is He Doing in Order to Get His First Project Started? [05:18]

Important Links




About the Podcast

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Get Real Wealthy
A Real Estate Investers Journey

About your host

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Quentin DSouza

Quentin D’Souza is a multiple award winning Real Estate Investor, and a trusted authority on real estate investing. He is an Ontario Certified Teacher and holds two university degrees, which includes a Master’s in Education. Quentin has appeared on local and national television and radio, interviewed in national publications, and has been a keynote speaker to large audiences of real estate investors. He owns a real estate portfolio in excess of $80 million dollars of assets under management across Canada and the US and transacted on 80+ properties since 2004. Quentin is the author of several books available on Amazon. He is also mentors real estate investors as the Chief Education Officer of the Education for Canadian Real Estate Investors and Durham Real Estate Investors Club.