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Real Estate Investing Beyond the 9-to-5 with Marc Amyot
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Marc Amyot is a real estate investor in Ottawa who started investing while employed in the government. He has built a portfolio of properties over the years and he is on the Self Wealth Real Estate podcast today to talk about what it was like to get into the business with a full-time job and where his business is heading today.
Listen now to learn more about Marc’s journey, what it’s like to be in multifamily in today’s market, and the lessons he learned along the way!
Key Talking Points of the Episode
00:00 Introduction
01:04 What is Marc’s background?
03:38 How did Marc get involved in real estate investing?
07:29 How did getting a coach help Marc grow more as an investor?
10:20 What did Marc do with his first off-market deal?
13:50 What are the benefits of doing mid-term rentals for corporations?
15:46 How much work did Marc’s first off-market deal need?
18:15 How much is Marc’s first off-market deal renting for today?
21:09 What is the importance of providing value to your tenants?
27:42 What are the challenges in building multifamily properties today?
32:31 What kind of development is Marc focused on today?
36:29 How did Marc come up with the idea for the project?
39:05 How much time would it take to break ground on this new development?
41:49 What is Marc’s favorite deal?
47:35 What lessons did Marc learn from his favorite deal?
49:20 What was Marc’s worst deal like?
52:30 Why is it important to build good relationships with neighbors when building properties?
55:56 What lessons did Marc learn from his worst deal?
59:14 What should new real estate investors be aware of?
01:01:04 What has changed with Marc’s approach to real estate?
01:04:27 What is Marc’s advice to his younger self?
01:05:36 What is the most overhyped investing strategy today?
01:10:59 How can you connect with Marc?
Quotables
“It’s to find that right balance between the level of quality living you’re providing and reducing the square footage in order to make your project make sense.”
“I think that sharing a good piece of the pie is the way to go if you wanna have a sustainable business.”
“Now, the main thing is who has similar values to mine before I align myself to them. Once the values are aligned and the goals are aligned, things are fairly simple.”
Links
Website: Assera Property Group
Website: Virtual Staging Direct
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