As a kid, I just was very interested in business and entrepreneurial things. Started buying stocks through my dad, you know, like doing a custodial account - doubled my first investment. My dad's brother, my uncle Dick, is his name. He passed away a few years ago. But he had kind of like, he was the hard driver who always wanted to push and push and expand and do more. They did offices and condominiums and all kinds of stuff. At their peak, they were doing 100 homes a year probably.
Patrick Donley sits down with Nick Hill and Dan Foch from The Canadian Real Estate Investor podcast where they interview Patrick on how he got started in his real estate investing career, his real estate investing strategies, the pros and cons of running a fix and flip business, why he is transitioning from residential to commercial RE, and what he’s learned being the co-host of The Real Estate 101 podcast.
IN THIS EPISODE, YOU’LL LEARN:
00:00 - Intro
03:46 - How his first real estate investments went.
03:58 - What Patrick learned growing up in a real estate family.
27:08 - What the pros and cons of fix and flips are.
21:46 - How his real estate strategies have evolved over his career.
31:33 - How he is financing his deals.
31:33 - How he is transitioning from residential to commercial real estate investing.
39:18 - Why he decided to focus on just one niche in just one area.
39:18 - What it has been like hosting the Real Estate 101 podcast and his top guest takeaways.
42:56 - What his most complicated renovation project looked like.
01:00:10 - What his best investment has been.
And much, much more!
*Disclaimer: Slight timestamp discrepancies may occur due to podcast platform differences.
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