Get Paid Forever For Working Once with Daniel Hogenbirk

Want to delve into a fascinating concept of creating once and generating a lifetime of benefit?

Daniel Hogenbirk owns a group of companies that work synergistically with one another in the Real Estate and Construction Industry. Daniel together with his partner acquired his first company in 2018, continuously seeking improvement and by adding seasoned professionals and experienced coaches to their team, has been able to consistently improve, pivot, and expand his business.

In this episode, Daniel shares how to create wealth that gives you financial freedom for a lifetime in the realm of real estate.

Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/

What you will learn from this episode for 18 minutes:

Learn how to build a cash machine that takes care of you in perpetuity
Find out how to organically get investors on board with your deals and projects
Discover a mutually beneficial ownership structure for you and your partners.

Resources:

Want to chat up and learn more with Danie? Click here: https://northlakesdevelopments.ca/

Topics Covered:

00:41 - Handling landscaping business and doing real estate on the side before going full time

05:38 - From duplex deals, BRRRR to land deals

07:08 - Plans in the pipeline to continue growing the business

10:01 - Ways of funding his deals

11:10 - The rate of returns for their investors

11:50 - What the ownership structure looks like for them and the partners

12:51 - Their unfair advantage when it comes to gaining partners

13:23 - More marketing ideas to get investors on board without chasing them

16:15 - Talking about numbers in their current joint venture projects

Key Takeaways:

"We want to build and hold because I like that idea of getting paid forever from the work that you do." - Daniel Hogenbirk

"From the money side, it started for a number of years with just our own money and money from the business as well. After about three years where we were fairly successful doing that, we had some friends and family invest in our business. As we've gone further, we've had a few professionals that have worked with us as well that have started giving us first and second mortgages in order to keep going. And we have a few people now that are interested in joint ventures with this as well." - Daniel Hogenbirk

“I think that's going to be one of our advantages when we start to look more actively for partners is, we do have a lot of it in-house and because of that as well, typically we can do things a little bit more economically than others.” - Daniel Hogenbirk

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