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David Sorel is a real estate investor. Together with his wife, they have been actively involved in British Columbia area real estate investing for many years. They have a mission to provide quality housing for quality tenants while at the same time provi...
David Sorel is a real estate investor. Together with his wife, they have been actively involved in British Columbia area real estate investing for many years. They have a mission to provide quality housing for quality tenants while at the same time providing an above-average return on investment (R.O.I) for their investor partners and themselves -- truly a win-win-win way of investing!
In this episode, David talks about the enormous benefits of investing in small-type apartment buildings and real estate, in general, versus any other types of investments. He mentions how promising investment opportunities in Western Canada are due to people's lifestyle choices in work and personal life.
What you'll learn from today's episode:
Resources:
Website: https://dcsorel.com/
Topics Covered:
01:16 - When his interest in real estate started and why he moved to real estate after trying different kinds of investments
03:41 - Advantages of real estate against all other investment vehicles
07:37 - Why is he focusing on small-type multifamily properties over other real estate investment strategies
10:20 - The reason for a positive investment outlook in Western Canada
11:26 - Why a bright market in British Columbia
14:04 - David's biggest strength as a real estate investor
16:00 - Why active real estate investing is not for everyone
Key Takeaways:
"When times are good, everything is fine for all kinds of investments. But when you have bad times, what is fantastic about real estate is that you just get paid for waiting for your investment to increase in value. "- David Sorel
"The advantage of real estate is that it's a protection against inflation. Even if it goes down, at some point, it won't just fall; it will always go back up, and even increase in value." - David Sorel
"The reason for that [investing in small-type apartment buildings] is that I have more control with this kind of investment. I can also add multiple sources of income. We don't want to be at risk; we want something sustainable. And for the long term, we are not shooting for just a one-shot deal. We want to last in the business. And what is interesting is that there are a lot of benefits, like tax benefits. It's a good way to invest our money and keep it safe." - David Sorel
"The economic systems, the bank system is totally different in Canada from Europe. I come from France. Here you've got the opportunity to refinance your property. We are forcing equity, and then we will refinance the deal. And this will allow us to invest in our portfolio. You cannot do this in Europe." - David Sorel
"Real estate investing is not just about finding properties and buying properties. And it's really about a team. Our strength is in the fact that we built our network. We've got a team; a strong team of professionals who are reliable and who know about real estate." - David Sorel
Connect with David Sorel:
Connect with Dave Dubeau:
