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Ground Break Properties

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Ground Break Properties

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09/23/2022

Here are a few ways that we’re looking for opportunities that others may not have access to! 👀
Send me a message if you want to learn more!

04/28/2022

Looking to invest but no idea where to start?
Partnering with someone is a great solution, and Joint Ventures work because they can be structured any way you like to fit each parties goals and utilize everyone’s strengths in the partnership💪…I run through a typical 50/50 split scenario in this post, but there are numerous ways to structure it.
Reach out to learn if a Joint Venture sounds like something that could work for you! (And check out my story highlights for a breakdown of the numbers!) 🤓✏️💰

03/02/2022

“I’ll wait for the market to crash and buy then” 😬
I don’t think anyone can argue that the dramatic increase in the housing market raised some very valid questions about what things will look like in the next few years. These are some of the questions I ask myself and how I think about it.
People can speculate but the truth is nobody really knows what’s going to happen - there’s been speculation of a crash coming for many years now and we’ve seen what ended up happening.
That doesn’t mean a correction isn’t coming at some point, but some better questions to ask might be focused around your specific situation and what you want out of your investments.
Are you investing for the future? Focus on the long term benefits of appreciation 5-10-20 years down the line. Invest in the right pieces of property that don’t cost you anything to own each month, and hold onto it through the ups and downs - because history shows that real estate trends up and down, all the way up.
Consider your entire investment situation and what amount of leverage you’re comfortable with, then understand what it means for you if interest rates were to steadily increase or a correction were to happen… In general, I think you’ll find that the likelihood of all the benefits you’ll see by buying the asset now will outweigh waiting for a correction - but that’s just my opinion.
Just make sure to understand the market you’re investing in and buy based on fundamentals instead of emotion - or work with someone who does!

02/21/2022

There’s lots to think about when planning to invest in real estate!
Once I’ve narrowed down where it is that I want to invest, these are my top 5 questions that I ask myself and our investors.
What are some others that you guys consider!

02/14/2022

Want to invest in real estate but not sure where to start?
Here are some great ways to learn from others who have done it.
BOOKS - what’s shown is some awesome books for overall investment, and I can’t forget about fundamental real estate books like Rich Dad, Poor Dad and The Book on Rental Property Investing
SOCIAL ACCOUNTS - here are some great accounts all sharing about their own experiences and general investment knowledge. PS - a lot of them have podcasts too! I know you’ll find some you like!
Kory Mackinnon
Wach Properties
Andrew Hines
Jas Takhar
Your Life Your Terms
Bigger Pockets
Brandon Turner
Alex Mcfadyen
NETWORK - don’t be afraid to reach out to other investors in your city or to any of those above people on social media. You’d be surprised by just HOW MUCH these people love talking about real estate and answering your questions 😂 and that includes me! 🙋‍♂️

01/30/2022

Who else feels like they’re just non stop putting offers in?🙋‍♂️😂
Honestly, when they don’t get accepted sometimes it’s hard to take the emotion out of it and not be disappointed…. But then I remember why we’re doing this, trust the process, stick to the numbers and don’t get caught up in the craziness of the market.
Persistence wins - we’re looking at 3 more places tomorrow which I expect to offer on and after hearing a lot of “no’s” lately it will make the next “yes” that much sweeter! 💪

01/26/2022

There are lots of ways to build wealth for your family. In fact, we invest in other financial assets as well… but here is why analyzing and investing in the right real estate is our main strategy.
TANGIBLE ASSET - as opposed to investing in things like the stock market, we have more control over how we use the actual piece of land and building. With property, there are so many levers you can pull based on your specific situation and current market conditions.
TAX ADVANTAGES - an investment property brings a multitude of tax perks associated with the operation and maintenance of it, including the interest on your mortgage. An investor focused accountant is essential come tax season!
PASSIVE INCOME - the concept of making money while you sleep is not a new one. This is the thing that allows you to step away from the business itself and spend your time how you want to.
TIME - the most valuable commodity of all since we have a finite amount of it. What other things could you be doing if your time was freed up because your money was working for you?
APPRECIATION - history shows that property values go up and down, all the way up. Buying a cash flow positive property that will still generate returns during the downs is how you can continue to hold and see the massive benefits of long term appreciation.
WEALTH AND FINANCIAL SECURITY - Having multiple sources of income is a great way to provide financial stability in case of unforeseen changes to your day job or industry.
There are so many more reasons to think about real estate as an investment - DM if you’re interested in this stuff!

01/14/2022

What investments give you a return on your TIME?
Some decisions during a renovation are made not only by asking the question “will we see a return on this investment?”, but by also asking “will this save time or hassle in the future?”
Landlords must change the locks between each tenancy and there is time and money involved with this. If holding the property after the renovation, then installing smart locks where you can just change the code is a simple way to avoid this. To take it one step further, having a lock with remote access allows you to use your phone to lock/unlock the door or add new codes, from wherever you are.
This has proved to be a fantastic feature when needing to let trades in and out of the house during renovations or repairs, or if for whatever reason someone gets locked out.
For this rental we went with .intl.inc Smart Lock. We purchased them on sale and it added $75 to the reno budget for each suite…. This is paid back after 2 tenant turnovers, and with all the other perks when factoring in our time during renovations and property management, it made perfect sense. We’ve been really happy with them so far and they also worked flawlessly in both -25🥶 and +42🥵)
Added bonus - they look really sleek🔥
What are some simple things you invest in that take back your time?

12/30/2021

These are the questions I’ve been answering this week as we head into the New Year.
I love this time of year for a lot of reasons - family, games, turkey, shortbread, just to name a few!… But another one of the biggest reasons is because it’s the perfect time for reflection and growth.
I try to do some form of this daily, but it’s so powerful to get out of that day to day mindset and look back on the past 365 days. The scariest place to be in is the same place as last year, and it’s amazing the amount of change we can create for ourselves in just one year… Often way more than we even thought possible!
Thank you to everyone who supported us this past year 😊… I’ve learned a lot from my own experience as well as from many incredible others. I can’t wait to implement those lessons and find out what I learn during 2022!
Wishing all of you a fantastic New Year! 🥂

12/05/2021

It’s amazing what some new windows and paint can do! 🏚🏠
Besides updating the look, changing out dated windows on our rental properties help lower the cost of utilities either for ourselves or our prospective tenants.
Before getting into real estate investing I had no idea how many tenant applicants would notice and appreciate the age of the windows when choosing a place to rent.
When completing renovations, we don’t just consider what things we will see an immediate return on investment on - either through a flip or a refinance. We also look at what things can command a higher rent while bringing operating costs down, and what sort of tenant we’re trying to attract with the renovations.
Looking at the larger picture in this way when making the renovation plan allows us to move forward with confidence because we understand why we’re making each change and how it adds to the bottom line - either through money, time, or decreased stress!

12/03/2021

Don’t put all the work into baking the cake and then forget to put the icing on!
Truthfully, I prefer pie. But the analogy works better as icing on a cake, and that’s what the landscaping is! 🍰
After spending 10 years in the landscape industry, I’ve seen how it can become an afterthought and often gets overlooked during home renovations. This is unfortunate, because just as there are simple cosmetic things you can do to the home to increase curb appeal, there are simple things you can do to the landscape as well.
Check out these tips to help with curb appeal and set up your investment property for better buyers, appraisals, and prospective tenants.

11/14/2021

Me yesterday really connecting with what it means to bird dog for real estate 😂…
This 3BR Up 2 BR Dn was a potential BRRRR project we viewed yesterday and put an offer on. In a market like this, things move quick, so you have to be ready for opportunities.
It was listed Friday, we viewed Saturday afternoon, went home and ran the numbers on renovations and ROI, and the offer was in 4 hours later.
Knowing the numbers before going into a viewing (like price comparables in the area, what it could rent for, costs of renovations) is so important in a market like this. We need to be ready to take action - If the numbers don’t make sense, we move on. If the numbers look good, the offer goes in.
*Spoiler Alert* We didn’t get it - they went with another offer. That used to feel like a let down to us, but by taking the emotion out of it and relying on the numbers, we know we put in the right offer and it just wasn’t meant to be. There’s other fish in the sea (or ducks in the pond in this case?) 🤔😂
It’s a competitive market, and if we were to get caught up in the bidding wars or stretch the numbers to make it work just so we can put in a higher offer, the potential is there to get stuck with an investment with poor returns. That’s not what we want for us or our investors.
Know the numbers, write the offer, and proceed with confidence. Persistence wins.

Address

Kamloops, BC
V2B1L4

Opening Hours

Monday	7am - 7pm
Tuesday	7am - 7pm
Wednesday	7am - 7pm
Thursday	7am - 7pm
Friday	9am - 7pm
Saturday	9am - 7pm
Sunday	9am - 7pm

Telephone

+17784023667

Website

http://groundbreakproperties.com/

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