Starting a Bed and Breakfast with Jules McKenzie, Ep. 425

Jules and Ange Mckenzie have been investing in residential real estate in the Orillia and Barrie areas of Canada for over 20 years. His strategy has been buying and holding. He’s currently holding 13 investment properties. His portfolio is a mix of small multifamily buildings. He has raised the money to buy properties from Joint Venture investors. Jules and Ange manage their own properties. Jules has also been a Police Officer for 31 years. 11 of which were with the Ontario Provincial Police and he is currently with the Rama Police Service.   We talked to Jules about his knowledge and experience from investing in Orillia, and how they have overcome some obstacles and challenges with his partner.   Announcement: Download Our Sample Deal and Join Our Mailing List   [00:01 – 02:41] Opening Segment  Jules talks about his background. He talks about how he started investing; [02:41 – 18:01] An Investing Tale from Canada How partnering with other people helped; The reasons why people decided to invest with Jules; How he got interested in real estate in the first place; He talks about the skills he had that were transferable to real estate investing; He talks about a deal with huge profits and breaks down its details; [18:01 – 26:33] Orillia and Barrie Markets He talks about his bed and breakfast deal; The parameters he uses to have guests in where he lives; How holding a property can pay off; He talks about the Orillia and Barrie Markets;  [26:33 – 31:53] Round of Insights Apparent Failure: Financial challenges early in his career.   Digital Resource: Facebook Market   Most Recommended Book: Can’t Hurt Me   Daily Habit: His morning routine   #1 Insight for Investing:  Cashflow is everything.   Best Place to Grab a Bite in Charleston:  The Keg Steakhouse   Contact Jules: To learn more go to www.mckenzieproperties.online or you can connect with Jules directly on Instagram or Twitter.   Tweetable Quotes: “When was the best time to invest in real estate? Maybe 20 years ago. When is the next best time to invest in real estate? Right now!” - Jake Wiley   Thank you for joining us for another great episode! If you're enjoying the show, please LEAVE A RATING OR REVIEW,  and be sure to hit that subscribe button so you do not miss an episode.