Timing Crazy Markets with Gary Hibbert

With the way real estate prices are going these days, many investors are worried about overpaying for properties and timing the market. Today's guest works and invests in one of the hottest markets in North America and he's got an interesting perspective on this that I think you'll enjoy.

...Plus, he's created a pretty cool lifestyle philosophy thanks to real estate investing, where he's able to take a number of 'mini sabaticles' every year with his family and his businesses keep running and growing without him.

Gary Hibbert is a full-time Real Estate investor, award-winner Real Estate agent and broker, as well as an educator.

In this episode, Gary discusses when’s the right time to get involved in real estate markets, the importance of focusing on the fundamentals, and how you can achieve a successful real estate career and still have the time to live life.

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What you'll learn in just 16 minutes from today's episode:

Understand why you shouldn’t worry too much about timing the market;
Discover the importance of focusing on the fundamentals and seeing things from a long term perspective; and
Find out how you can get a cash-flowing property in a crazy market and still have time to live the life you want to live.

Resources/Links:

Smart Home Choice Inc.: https://smarthomechoice.ca/
Real Talk With Gary – Real Estate Investing: https://podcasts.apple.com/ca/podcast/real-talk-with-gary-real-estate-investing/id1437187189

Topics Covered:

01:05 – When should one get involved in crazy real estate markets?
02:40 – Learning from real estate investors and focusing on the fundamentals
04:01 – Why you should be careful in areas with only one industry
04:41 – Getting a cash-flowing property in a crazy market like GTA
07:21 – Creating an opportunity in times you can’t find one
09:36 – Interest rates during times of active inflation
11:00 – Being able to execute a massive action and still have time to live life
14:20 – How’s it like working with his wife and having the kids involved in the dreaming as well
15:33 – The benefits of having a club and a podcast and being able to keep it going
17:26 – A short recap of what has been discussed in this episode
18:24 – Connect with Gary Hibbert

Key Takeaways:

“It’s been an incredible journey to get to where I am, knowing where I was before. And it really kind of shows us that anybody can do this if you put your mind into it.” – Gary Hibbert

“Just shut the noise out. Don’t pay attention to what the mainstream media is saying and hyping up. Just be careful of where you’re getting your information. What you’d want to do is you’d want to start listening to real estate investors and listen to what people are doing that are actually on the street. Lots of people have tuned out that noise because what they do is they focus more on the fundamentals, they’re focusing on long term growth.” – Gary Hibbert

“Look at the long term. That’s how you pick the right area to invest in.” – Gary Hibbert “If you can’t find the opportunity, create it.” – Gary Hibbert

“We really kind of divide and conquer. What she’s good at, she does. What I’m good at, I will do. But we definitely dream together, and we bring the kids into the dreaming as well. What that does is it instills those values into them, too, of not just flowing down the river of life but actually having a strategic game plan for a life of what you want.” – Gary Hibbert

“Along the way, you will fall down, you will scratch your knee, you will bruise your shoulder, but that’s part of it. That’s the journey. That’s the fun part of everything that you’re doing. It’s not the destination.” – Gary Hibbert

Connect with Gary Hibbert: