#126: Build Back Better - Real Estate Investing Forecast 2021
On this week’s show Gary chats with friend and longtime investor Frank Taylor. Frank purchases his first property during the 1987-1988 boom (just like 20/21), then the market crashed in 1990, leading to a recession. He’s being going strong since then, with no signs of slowing down!
He believes in buy and hold, and putting equity into his properties so that they are part of his retirement, and will be lasting assets for his children. Check below for all the great details of what you can learn!
WHAT YOU’LL LEARN:
At 18 years of age I started my first company, CanClean, which specialized in commercial steam cleaning and restoration services throughout Toronto, Peel and Halton region. The company provided services to some of the largest commercial office space providers and several multi-residential rental asset firms as well as service calls for Leon’s Furniture, based from their Burlington location.
At 20, I began to invest in real estate for the future of my children's post secondary education and for retirement, purchasing older homes in Hamilton and converting them into duplexes and triplexes. I taught myself the ins and outs of total restoration as I engaged in rebuilding those properties. In 1992, having discovered that my true passion lay in the real estate, I divested from CanClean and became a licensed realtor who specialized in multi- residential and mixed-use commercial holdings. My business ranged widely, from single family flips to rebuilding older / historical multi-unit residential buildings of scale. Clients were able to take advantage of my background in reconstruction, as I offered project management services that included multiple million dollar restorations of many properties of distinction in Hamilton and Burlington. Over the span of 36 years as a multi-res / mixed use specialist, I was involved in the sale, acquisition, property management and full restorations of commercial and residential real estate worth hundreds of millions of dollars.
I retired from organized real estate to open Frank Taylor Consulting Ltd in August 2020.
Of course, my most rewarding job has been as a full-time father to three amazing adult children - Ryan, Sierra, and Mathison. I reside in downtown Toronto.
Website/contact info for guest
This episode proudly sponsored by AGHI Home Inspections and Brian Daley.
Whether buying or selling a property, AGHI recognizes that the process can be stressful. It is critical that any decision you make be one that is based on knowing all of the facts. Purchasers, vendors, insurance companies and lending institutions have come to recognize the professionally trained residential home inspector as a credible source of key information vital to making these decisions, and AGHI has been doing it for over 15 years!
Contact http://www.bookahomeinspection.com or call (416) 526-7482
Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
To learn more about Gary’s mentorship program, visit https://garyhibbert.ca
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