Colin & Nicole
REI Portfolio Value: $21,460,000
Rental Units/Doors: 154
“The 3 day workshop opened our eyes to all the different investment streams that we never heard of. Fast forward and today we have approximately 154 doors, 40 real estate transactions, 100 private lending transactions, 20 JV’s, land development projects (5 SFH), and handful of flips, 4 apartment buildings and so much more.
Our net worth has greatly increased and cash flow is estimated at 10K/month”
Investing Strategies Used
- Joint Venture Flip to Yourself
- Conventional Financing Private Lending
- Buy & Hold Turnkey Properties
- Vacation Property / Short-Term Rental
- Student Rentals Buy & Build
- Buy, Reno, Rent, Refinance Rehab Properties
- Multi-Unit Residential Flipping
- Under-performing Properties REIT Assignments
- Wholesaling Land Development
Colin and Nicole share how their real estate journey started with Keyspire
Before Keyspire, I had owned a condo in Montreal which I sold and purchased a triplex with a friend of mine. A year later we sold and moved to Vancouver and rented (2013). We had RRSPs, owned no real estate and working 9-5. We were living the life that everyone, including ourselves, expect: go to school, get a job in that field, work until you are 60, retire with a home and no mortgage. There is nothing wrong with that life, but we wanted more. We joined Keyspire in 2016 and realized the potential growth we could achieve with our RRSPs through passive investing. We moved all our RRSP’s into self-directed accounts and invested with Greybrook, Profunds, Equiton and Private Lending to other Keyspire members.
We spoke to so many other Keyspire members, shared what we knew and helped them understand concepts we learned and helped them setup accounts with Trust Companies. It felt good to be able to help others and we found passion and purpose that was missing from our lives. We became selfless and gave so much of our time to others. What we were doing felt right and was making a positive impact in the those we spoke to. Keyspire changed the trajectory of our lives and those lives we have touched. We are forever grateful for the knowledge, friendships and community that Keyspire provided.
The role Keyspire had in Colin and Nicole’s success:
“Before Keyspire, we did not know much about real estate. We were limited to thinking that you had to buy properties in driving distance, find tenants yourself, property manage them yourself, them and then eventually sell for a profit. The 3 day weekend workshop opened our eyes to all the different investment streams that we never heard of. We trusted the knowledge, but still went home and googled everything Paul said during the workshop. We believed in Michael and Scott being authentic people and wanting to truly help others. The staff at the workshop spoke very passionately about Keyspire and their experiences. Everything was there for us to succeed, but it was up to us to make that big step for ourselves. At the end of the 3 day workshop we joined and actively participated in everything Keyspire offered.
Colin and Nicole talk about how Keyspire education and real estate investing helped improve their life:
“The relationships we have made with other like minded individuals has been incredible. When our children were born, the idea was that Nicole would return to her 9-5. We do not see that as being required anymore and we are now planning for the time that I took can quit my 9-5. We want to spend time as a family and not have to be at the mercy of a corporate job and their restrictions. Our families invest with us and benefit from our education. To be able to help them achieve their goals has been very rewarding. The biggest benefit Keyspire provided to us was opening our minds to the possibilities that exist in this world. We truly can make our lives whatever we want them to be. For us, it’s more time together as a family. What is more fulfilling in life then always being there for the ones we love the most?”
How Colin and Nicole increased their net-worth with Keyspire programs:
“The training programs offered today did not exist when we joined back in 2016. Had they existed, we would have participated fully.
After joining, we immediately moved all our RRSP’s into self directed accounts and invested. We purchased our first investment property in Cambridge, ON in Aug 2017. We moved to Ontario in 2019 and purchased a SFH and added a basement suite to help with the mortgage.
At the start of 2022, we only owned these 2 properties in our personal names. Fast forward and today we have approximately 154 doors, 40 real estate transactions, 100 private lending transactions, 20 JV’s, land development projects (5 SFH), and handful of flips, 4 apartment buildings and so much more. Our net worth has greatly increased and cash flow is estimated at 10K/month. We are in this for the
long haul and working to build an empire, not a real estate portfolio.”
Colin and Nicole talk about the obstacles Keyspire helped them overcome:
“Every transaction, had it’s hurtles that we needed to overcome. Our first real estate transaction was a purchase in Ontario. We lived in Vancouver at the time, and never visited the city, let alone the the property before we purchased. This was before Zoom and Facetime
were mainstream, so we had to rely on building a strong team. Keyspire thought us that having the right team was the foundation of a successful transaction and required if you wanted to invest where returns are best. Since then, the community has been our go to when things get tough. So many members offer their time and support when we needed it. We do our best to always give and help others by sharing our experiences.”
Before joining Keyspire Colin and Nicole were living in a rental apartment, and now have since built an empire and are looking forward to their Lifestyle Freedom Day!
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