In this episode of the Hidden Upside Podcast, host Chris Shebib sits down with Nancy Dalgard, an inspiring entrepreneur with a multifaceted background spanning trades, accounting, and real estate investing. Nancy delves into her remarkable journey, beginning as a sheet metal mechanic and eventually transitioning to become the owner of both an accounting firm and a construction company.

Throughout the conversation, Nancy shares her rich experiences in the real estate sector, including her ventures in flipping houses, managing duplexes, and overseeing mixed-use properties. She provides valuable insights into the challenges and rewards of these endeavors, offering listeners a glimpse into the complexities of real estate investment.

A key highlight of the discussion is Nancy's emphasis on understanding personal risk tolerance. She explains how recognizing one's comfort level with risk is crucial in making informed investment decisions. Nancy also underscores the significance of proper planning, detailing how meticulous preparation can mitigate potential pitfalls in real estate projects.

Moreover, Nancy stresses the importance of continuous learning, sharing how staying informed and adaptable has been instrumental in her success. She recounts various lessons learned from her diverse experiences, illustrating how each step in her career has contributed to her growth as an entrepreneur.

Looking to the future, Nancy reveals her ambitious plans to develop a 55-plus gated community. She discusses the strategic planning involved in such a project and highlights the necessity of adaptability in the ever-evolving real estate market. Her vision for this community reflects her commitment to creating value and her ability to anticipate and respond to market needs.

Overall, this episode offers listeners a wealth of knowledge and inspiration, showcasing Nancy Delgard's journey and the principles that have guided her success in the dynamic world of real estate investing.

Connect with Nancy

Ever thought about the intersection of joy and real estate investing? In our latest episode, Avery shares his journey from Airbnb arbitrage to creating an innovative land development business featuring affordable, non-permanent cottages in Halifax, Nova Scotia.

The discussion highlights Avery's hard-earned lessons on adaptability, stress management, and leveraging adversity to achieve success. Avery also shares the various paths to income replacement, long-term wealth, and the pursuit of passion and fun.

Learn about his business model that avoids traditional zoning and building permits, the challenges faced, and what's in store as he aims to scale his pioneering project across North America.

This episode is a treasure trove for investors and entrepreneurs looking for inspiration and practical insights into navigating and excelling in complex real estate markets.

Here are some of the key takeaways and insights from this episode:

• Joy Over Cash Flow: Avery emphasizes the importance of enjoying the investment journey rather than just focusing on cash flow and long-term wealth. It's about finding what makes you happy and integrating that into your work.

• Adaptability is Key: Facing regulatory challenges in the short-term rental market? Avery's pivot to land development with Porter's Peak Adventure Getaway is a masterclass in adaptability.

• Innovative Business Models: Learn about Avery's unique approach to creating affordable cottages with a revenue-sharing model and land lease agreements. This strategy not only provides affordable housing but also creates a new asset class.

• Community and Relationships: Avery highlights the power of leaning into your network and seeking help. Building strong relationships can lead to valuable insights and opportunities.

• Feedback and Market Alignment: "If the world wants red hats, sell them red hats." Avery's mentor's advice underscores the importance of aligning your offerings with market demands.

This episode is packed with inspiring stories and practical advice for anyone interested in real estate investing. Whether you're a seasoned investor or just starting out, Avery's journey offers valuable lessons on how to navigate challenges, embrace creativity, and find joy in the process.

Connect with Chris

https://shebib.com/

https://www.facebook.com/shebib

https://www.linkedin.com/in/chrisshebib/

https://twitter.com/chrisshebib

https://www.youtube.com/c/chrisshebib

Connect with Avery

https://www.porterspeak.com/

https://www.instagram.com/porterspeak/

https://www.facebook.com/porterspeak

In this episode of The Hidden Upside Podcast I provide an in-depth Economic Update exploring the ongoing balancing act by the Bank of Canada and the Federal Reserve as they strive to address economic instability without causing unsustainable growth in the real estate market.

I discuss key performance indicators (KPIs) like unemployment, foreclosures, GDP, and mortgage renewals, emphasizing their impact on rate drops and policy changes.

The podcast also explores recent policy updates including CMHC's changes to support first-time homebuyers, new guidelines on mortgage renewals, and the impacts of immigration trends on housing.

The episode concludes with actionable insights for buyers and sellers and strategic recommendations for both residential and investment clients.

Connect with Chris

https://shebib.com/

https://www.facebook.com/shebib

https://www.linkedin.com/in/chrisshebib/

https://twitter.com/chrisshebib

https://www.youtube.com/c/chrisshebib