Purple Dog Blue Collar

I made myself a millioinaire between the ages of 32 and 37. i forced appreciation on properties i was buying off the MLS in a rising market. i specialized in Kamloops and an area called the Shuswap in BC.

I worked the BRRRR starategy with duplex conversions and climbed my way up to having 12 doors at one point. These were all properties i worked on myself. I forced the apprecikation on them with extensice renos right to the studs completed almost all by yoursd truly.

Was this succesful? Yes. Did i make a ton of money? Yes. Would i do it different? Yes and No. When i say yes and no to the last question, what I mean is, I would have had the goal an strategy i no have in mind and made some changes sooner. I still think house hacking and forcing renovations on duplex conversions is a very potent and profitable way to enter the market for some people. However, the chang i would have mad sooner would have been from nail guns and levels to marketign and leads. Heres why.

There are many very successful investors in Canada that have built large portfolios and buisiness by marketign themselves to a certian group and raisinfg funds and then buying properties in large quantity. Some used mail campaigsn and facebook marketing to find off market discount deals in Canada but they hardly got a real bang for the marketing buck compared to opportunity in the US. So why does the US have such opportunity?

Math

US foreclosre rate 1/2500

Canada foreclosres 1/6700

= US 2.68x the foreclosre rate

Population of US is currently 8.3 that of Canada

2.68/1 foreclosures (8.3(pop)) = 22.2x more likely to find aforeclosre discount

Thats 22.2X more likely to find a discount onl ybased on foreclosre on a distressed owner. 22.2X more likekly to solve someones problem of getting out of a bad situation.

On top of this, all information on foreclosre, divorces, bank owned, leins and much more is all public info that can easily be found in the US. Absolutely not the case in Canada

There are many other ways to measure this opportunity but this quick math puts a perspective on it.

So when i say im switching from nail guns and levels to marketing and leads; this is what i mean.

Im using my property that i havent sold in Canada as a bank to leverage and buy huge discount deals to flip or more in the US. No more over paying for MLS deals and then brekaing myself to force appreciaiton. Like Kiyosaki says, and i paraphrase "you make money when you buy, not when you sell"

Stand by for more of this story, past present and future

Thanks for reading

Luke

Purple Dog