Nov. 4, 2021

#InvestorSpotlight: Keith Makse, BlueOceanGroup

What you'll learn in just 17 minutes from today's episode: 
 
Find out three real estate profit centers that make it a desirable investment portfolio 
Learn about the different real estate investment strategies you can create cash flows from 
The two maj...


What you'll learn in just 17 minutes from today's episode: 

  • Find out three real estate profit centers that make it a desirable investment portfolio 
  • Learn about the different real estate investment strategies you can create cash flows from 
  • The two major lessons you can learn from real estate investing that can help you carry on and become successful in the real estate business 

 

Resources: 

 

Summary: 

Keith Makse has been actively involved in the Kitchener-Waterloo-Cambridge area real estate investing for a number of years. His mission is to provide quality housing for quality tenants while at the same time providing an above-average return on investment (R.O.I) for his investor partners and himself.  

In this episode, Keith shares his real estate investing experience -- what draws him to the real estate space, why he enjoys and has fun making it a part of his investment portfolio. He also talks about the challenges as part of the game and overcoming them, cash flow strategies, and short-term deals. 

 

Topics Covered: 

  • 00:43 - What got him started in real estate investing 
  • 01:53 - Just having fun and with a property that is appreciating more than thrice 
  • 02:54 - What draws him to real estate as an investment portfolio 
  • 04:16 - A different way of creating cash flows that earn more than renting it out as a single-family rental 
  • 08:12 - Disadvantages of short-term rentals 
  • 09:13 - A case of hospitality over being a landlord 
  • 10:27 - Talking about his short-term rental properties 
  • 11:20 - Expansion plans within and outside Canada 
  • 12:19 - How his background in technology and hospitality helped him in the real estate space 
  • 14:08 - Major lessons he learned from real estate investing 
  • 15:32 - The challenges with real estate investing 

 

Key Takeaways: 

"I think with real estate, it's the fact that you have so many profit centers, you have your mortgage paid down, and you have your appreciation, and cash flow." - Keith Makse 

"We run completely remotely. Very much like real estate; if you have the right systems in place, you don't actually have to be there to manage these properties at all." - Keith Makse 

"It really does make that difference having that hospitality background to knowing that you can't please everybody, but you can really do a lot to please a lot of people and just making sure that you do whatever you can in order to get those five-star ratings." - Keith Makse 

 

"Number one in real estate -- taking action. You can research all you want; you can educate yourself as much as you want. But without taking action, it's just entertainment." - Keith Makse 

"And I also think that it's creativity, and you can look at all the problems that are out there, but to me, problems are just solutions that haven't been found yet. So looking for how do I get around this hurdle or bypass this issue or this problem?" - Keith Makse 

 

Connect with Keith Makse: 

 

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