#98 - From Subsidized Housing to Multi-Millionaire w/Edna Keep
Real Talk With Gary - Real Estate Investing · Gary Hibbert
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Show Notes
Gary starts off the show by answering the question if NOW is a good time to invest; how to invest; and why 'cash is trash' and hard assets are the safest place to be RIGHT.NOW.
Gary chats this week with Edna Keep, a real estate investor for 13 years with an incredible story. Currently, Edna has 600 doors, and will be adding 84 more soon. She became a single mom at 16, living in subsidized housing, and daughter was in subsidized daycare. Fast forward to today, she is a now multi-millionaire investor, coach and inspires others with her story. Her main strategy is long time, buy/hold apartment buildings. Her claim to fame is a $65 million dollar portfolio with OPM - other people's money. She invests primarily in Canada, but has properties in the US as well. And you can too…
WHAT YOU'LL LEARN:
- Why Edna determined that she would be a success through MINDSET
- Why 'IMPERFECT action is way better than perfect'
- Why it's not 'live within your means', or 'you need to budget'
- Why she wanted to be wealthy
- How as a financial planner she would see how well her clients were doing with RE investing
- How Robert Kiyosaki's training helped her
- Why some financial planners 'don't know everything'
- She initially started with her husband, but moved on to JV/partnerships
- How vendor take back mortgages quickly allowed her to buy more properties
- Why upkeep expenses (roofs, heating, plumbing) initially made her focus on condos
- What is the biggest mistake Edna has seen in the multi family market by investors
- Your first investment will be your hardest, but it gets easier
- Why she's purchased 'turn key' and fixer uppers
- Who is Edna getting financing from
- How she has helped her students set up REITs
- The role of DUE DILIGENCE on the purchase process
- WHERE Edna finds co-investors
- Her best advice on how to scale to multi family investment properties
- Why you have to 'think differently' when you are using other people's money and doing multi family
- Why continuing education/learning is VITAL for success
- Edna believes 'If you're going through hell, keep going!"
- Why she tells her students you 'can study (investing) until the cows come home, but there's nothing like a real, live deal!' TAKE ACTION
- Why Edna offers free Real Estate Coaching Fridays, and Mindset Mondays to her members!
- And MORE!
Edna's Bio
Edna Keep's journey from single mom at age 16 – living in subsidized housing with a daughter in subsidized daycare - to multi-millionaire Real Estate Entrepreneur and Coach inspires others. Her major operations are longterm buy-and-hold rentals apartment buildings.
Her claim to fame is a $65 Million real estate portfolio built with "Other People's Money."
A proponent of education and inspiration, Edna offers live training with her Free Real Estate Coaching Fridays and Mindset Monday live events on Facebook each week.
Website/contact info for guest
Web: https://ednakeep.com or https://ednakeep.com/90daysto5k Facebook: https://www.facebook.com/coachednakeep
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Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
To learn more about Gary's mentorship program, visit https://garyhibbert.ca
hashtags for this episode
#realestateinvesting, #poverty, #success, #mindset, #mentoring, #coaching, #millionaire, #multifamilyhomes, #RobertKiyosaki