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Ontario Real Estate Investor's Key to Building A Sustainable Business with Kellan James
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Kellan James is an Ontario-based real estate investor with over 80 rental units in his portfolio on top of other properties. He is with us on the Self Wealth Real Estate show today to talk about the turning point that led him into real estate investing and what his journey has been like through the years.
Listen now to learn more about Kellan’s journey, how his frugal lifestyle helped him build his real estate portfolio, and the lessons he learned along the way!
Key Talking Points of the Episode
00:00 Introduction
01:14 What is Kellan’s background?
11:03 How has Kellan’s success impacted his lifestyle?
19:45 How has Kellan’s childhood impacted the way he approaches real estate?
21:22 Why is it important to focus on one thing if you want to succeed?
22:01 What was it like for Kellan to buy his first duplex?
26:32 How did Kellan find his first few off-market deals?
33:02 Why is it important to calculate your BRRRs accurately?
39:35 What does Kellan’s portfolio look like today?
42:03 How did Kellan make his business sustainable through market cycles?
47:16 What is Kellan’s favorite deal like?
54:26 Why is it important to get better at hiring people for your business?
57:27 What lessons did Kellan learn from his favorite deal?
58:28 What is Kellan’s least favorite deal?
01:07:34 What lessons did Kellan learn from his least favorite deal?
01:10:51 Why are relationships important in real estate investing?
01:19:01 What is Kellan’s advice to his younger self?
01:21:10 What is the most overlooked or overhyped investing strategy today?
01:24:02 How can you connect with Kellan?
Quotables
“That’s a great thing as an investor – to actually hold your properties because it’s one of the things that set people apart, in the long run, is who has actually ridden through that time and allowed these properties to appreciate versus constantly selling and turning and chasing your tail to some degree.”
“I think it’s good to have a default setting of I’m gonna try to hang on to these and then when there’s really moments and times where it makes sense to let go of a property, then do so, but for it to be sort of Plan B and not Plan A.”
“If there are scenarios where you can own real estate and it didn’t really cost you anything, and now you’re getting the mortgage paid down and the appreciation and cash flow, then that’s great too.”
Links
Website: Kellan James
Instagram: Kellan James
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