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7 Figure Real Estate with Edna Keep

Edna Keep

Discover what it takes to create wealth with Real Estate. Build your wealth while you help other's build their wealth. From beginner to seasoned Investors you will discover what it takes to scale this business to build a lifestyle of your dreams.
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Top 10 7 Figure Real Estate with Edna Keep Episodes

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185 Tenants-How to Keep the Good Ones

7 Figure Real Estate with Edna Keep

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07/10/20 • 6 min

One of the things that we learned very early on was to treat our tenants as clients/customers as they are the backbone of the business for landlords like us. Most tenants pay $1,000 monthly rents which help us pay down mortgage for our buildings.

Considering an average turn over of 2 years, they are paying us $24,000. Paying off the mortgage for your buildings by tenants is the main idea behind rental properties. And if the property is vacant or mostly vacant, then the remaining payment comes out of the landlords' pocket. Which is not a good indication for any investors or Real Estate Entrepreneurs like you.

First of all, how do you decide if a tenant is a good one or not?

Well, here are some of the criteria we look for:

  • Those tenants who pay their rents on time, When you call the former landlord – ask.
  • Help you keep your property up to date by communicating with the management if there's any issue with their unit or the building itself.
  • Treat your staff respectfully and also the property while maintaining open and healthy communications.

We also have implemented quarterly inspections of all our properties. By doing so, we come to know if there's any water leaks, mold issues and any of the units are messy which can lead to infestation of bugs.

We've also provide tenants with contact information during any emergency or maintenance need such as smoke detector is going off, or the tap/sink is leaking, drain clogged up. The reason behind that is that some tenants do not want to bother us for some minor issues. They think that it's not that of a big deal.

Sometimes their judgement is not right. As in the case of when someone sees that water is leaking from the sink they don't always report to us as they see it minor issue. But over the time it can cause mold and if its not fixed in time, there may be a damage worth thousands of dollars versus if its fixed when the issue was minor.

Also, when you inspect the property by yourself, you see who are the messy tenants so we educate them to keep their units clean to avoid getting infested from roaches or mice. And if they have damaged the property, we would come to know before they vacate the property and thus saving us from fixing it by ourselves.

These are some of the steps we take to identify the good tenants which help us to reduce or eliminate the turnover expense.

If you need my help to create your Multi-Million Dollar Real Estate Portfolio, reach out to me at

edna@ednakeep.com

Or

Schedule a Free Strategy Call with me.

https://go.oncehub.com/ednakeep

Edna

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07/10/20 • 6 min

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184 Inactive Activity

7 Figure Real Estate with Edna Keep

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07/06/20 • 7 min

What is Inactive Activity and WHY is it important for you?

We live in a world where we need to have tremendous focus on improving our productivity and efficiency.

While everyone wants to improve their ability to produce more, most don't know how they can improve their efficiency.

For me, I do meditation. Meditation allows your brain to calm down and achieve a stable state where you can control your thought process.

Years ago, when I started doing meditation, I thought I'd never be able to do it as I am a very active person and sitting down idly felt like torture to me. But when I mastered it over the years I am experiencing a lot of change in myself. My productivity has soared over the years.

There are so many ways to do meditation. To start with, you can do guided meditation, you can listen to sounds and/or bilateral beats through head phone. One of the way you can start doing meditation is by listening to Holosync.

The reason why Holosync has worked for me is that you can listen and do the meditation as you go to sleep or when you wake up. For most people, just to sit and do meditation for 10-15 mins is very hard. But with this, you can do meditation as you fall a sleep and while waking up in the morning.

I bought the program initially as I was learning to do meditation and it fits my need. As you know monks take years to master the meditation but with Holosync I was able to get into the rhythm easily. I bought a few programs but I loved the Positive Focus and I loved the sound of it.

Another activity I do is VISUALIZATION. I highly recommend that you do it every day. I listen to affirmations that I recorded in my voice every day as I am going to sleep and in the morning.

You're just laying/sitting there and doing nothing but visualize on what you want. But if you can master the visualization and you can literally build your life out of imagination ahead of time and that's another huge short-cut to your improved productivity.

Another activity which is not quite as inactive activity but when you do so, it will help you keep more focused through out whole day which is writing down the affirmations.

Affirmations for the goal you want to achieve, the type of person you want to be, the possessions you want to have or increase your self-image. No matter what you're trying to accomplish, when you write down those affirmations it will keep you more focused towards your goal.

These are the kinds of morning routines that I highly recommend you to follow to be successful in your life.

Edna

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07/06/20 • 7 min

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183 How to Form Partnerships for Your Benefit

7 Figure Real Estate with Edna Keep

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07/03/20 • 7 min

You must have heard the saying; "Two Heads are better than one." Whether creating internal partnerships between colleagues or larger partnerships between businesses, harnessing the strengths and abilities of others from different corners of your ecosystem is one of the most strategic ways for businesses to scale and solve complex challenges.

I know most of you already have a few doors under your belt or want to start. But whether or not to scale your investments is the hard choice.

Let me remind you this; if you're waiting for the perfect timing, it will never come. Getting around like-minded people and learning from their successes and challenges will put you in the right direction.

Right now eight of my current students have deals under contract or offers out waiting for acceptance. What I know is they regularly attended 90 Days to $5K accountability calls each week. They were asking the questions, active in the Facebook groups and reaching out to fellow members and me for any challenges they came across.

I have a huge network of Real Estate Investors located across Canada and USA. If you're committed to your desire to grow your Real Estate portfolio, I am quite certain that with my help and expertise, you can also scale your real estate portfolio the way you like it.

Back in the days, when we started out learning about investing in Real Estate we took many courses and attended seminars from all over Canada and USA and I have always stayed in touch with my coach/mentor who helped me go through the start up challenges and put me in contacts with many great individuals that I'm currently partnered with.

Stop thinking about the market conditions and pandemic situation or you're not going to succeed.

To learn more about how to form partnerships for your benefits, listen to this show.

Edna

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07/03/20 • 7 min

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182 Virtual Investing Master

7 Figure Real Estate with Edna Keep

play

07/02/20 • 28 min

Lauren is the busy mom who started her Real Estate Investing journey about 8 years ago. Lauren started out as a Franchise Development for Subway after her graduation. But after having her children and a full time corporate job, she was not able to give enough time for her children and she thought of quitting her 9-5 job.

Lauren dreamed of creating a business that would give her personal and professional satisfaction, but with the flexibility to make sure she wouldn't miss the important moments of her family life.

She is from southern California and she started as a house flipper in Orange County in LA. As the returns dried up in California, she has diversified her investment portfolio to Nashville, TN and in Oklahoma.

Lauren has a "People First" approach in her business.

She has done all her deals virtually by finding local strategic partners. We all now can imagine how doing deals virtually has helped us sustain our investment portfolio during the pandemic.

Lauren has developed a reputation in the industry for persevering in extremely competitive markets by constantly following the market changes, changing market territories if needed, and buying properties based on comparable sales versus speculation.

To learn more about Lauren Hardy, listen to my podcast.

Edna

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07/02/20 • 28 min

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181 Decision...

7 Figure Real Estate with Edna Keep

play

06/29/20 • 7 min

Decisions are part of our daily life. It helps us carve our life inside out.

I listen to Bob Proctor's video on Decision everyday, which prompted me to discuss today's topic.

To watch Bob Proctors's video, Click here.>>>

I think for so many reasons, we don't really understand what a decision is and what it does for us.

So when we make decision let's say for example, I'm not going to eat after 6 pm everyday. That decision is set in your mind until you eat after 6 pm.

But what if you have made an Advanced Decision that you'd stick to your decision no matter what. My assistanct for an example, fasts once a week. Even if we have an office meeting and having lunch together, he doesn't eat if he's fasting on that day.

He's being fasting for many years and no matter what, he doesn't eat on that day even if we ask him. He doesn't have to decide whether he wants anything or not. Eating on that day is simply not a consideration and that's an advanced decision which is well tempered with discipline.

The exact same concept works for the person who wants to lose weight and is on a strict diet. It doesn't matter when that person being offered a chocolate cake, he/she will refuse to have it.

Most people would have heard this; "We become what we think about".

What do you think about?

How often have you caught yourself saying I'd like to do this, do that, but I can't because...?

Whatever follows BECAUSE is the circumstance. Circumstance may cause a detour in your life, but you must not permit them to stop you from making important decisions.

Whether its following your diet plans,daily exercise plan or sales calls.

Sticking to your decisions, will help you become successful.

So let me ask you, "Where can you make a decision that is going to really matter in your life?"

One of the things that I do everyday no matter what is to write down affirmations and say it out loud to myself. Those things are absolutely working for me.

So make a decision for yourself and if you need my help on how can you stay on course with your decision and fulfill your GOAL, reach out to me by email

edna@ednakeep.com

play

06/29/20 • 7 min

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06/26/20 • 6 min

For most Real Estate Investors, coming up with the initial deposit that goes with the offer on a rental property is one of the greatest barriers in buying. And trust me, I've come across many investors who thought they needed hefty cash on hand for the earnest deposit.

For a larger building priced about million dollar or more, people think that they need to come up with at least $100,000 or more for the deposit. Usually, for any multi-family building, the deposit is 1% of the asking price of the property. But you can always negotiate that with the seller/realtor.

I've had put an offer with $1,000 deposit and got accepted in the past for the single family homes. So you don't always have to come up with the asking price for the deposit.

Now let's get to alternative ways you can find deposit for your first Multi-Family.

One of the most effective ways to make an offer on an investment property is to take out a home equity line of credit against your house. It's relatively affordable, flexible.

The other ways my students have been able to fund the deposits are from their savings, TFSAs, RRSPs or personal line of credit.

Your parents, siblings, friends and other extended family members that you can think of are always viable sources for your investments.If you've borrowed money from your relatives or friends then you can give them share in the property and in this way you can make it a fair deal for everyone.

And also let them know that if for any reason, you are not able to close the deal, you'll receive your deposit money back.

At some time in your real estate investing career, you'll run out of money to put down deposit for the deal. As you know there are costs involved closing the deal once your offer gets accepted. Costs like, environmental cost, building inspection report, financing costs, etc.

That's why I encourage people to take acquisition fees to cover up for the time and costs involved closing the deal.

Some of my students also ask for help from my private 90 Days to $5K Mastermind Facebook group in order to secure the deals.

As you can see Real Estate Investors have plenty of options to fund the deposit, all it takes is your DECISION whether you really want that deal or not.

I always say, Don't let MONEY, stop you from getting the deal.

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06/26/20 • 6 min

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179 The NEW CMHC Lending Rules

7 Figure Real Estate with Edna Keep

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06/19/20 • 7 min

The COVID-19 pandemic is affecting all sectors of Canada's economy, including housing. Job losses, business closures and a drop in immigration are adversely impacting Canada's housing markets, and CMHC foresees a 9% to 18% decrease in house prices over the next 12 months. In order to protect future home buyers and reduce risk, CMHC is changing its underwriting policies for insured mortgages.

One of the major change we see as being Real Estate Investors is CMHC will not permit equity takeout to distribute to equity holders. CMHC recommends to seek out for private lenders for this purpose.

Anyway, I don't want you to worry about it a lot as CMHC rules are changing all the time. Since Real Estate market hits hard only when there's significant downturn in economy as we've seen in 2008 financial crisis and now due to COVID-19 pandemic, other than that it's just an economic cycle.

Again if you need my help to answer your questions on your Real Estate Investments or you are skeptical to invest in Real Estate, reach out to me at

edna@ednakeep.com

OR

Schedule a Free Strategy Call with me.

Edna

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06/19/20 • 7 min

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06/17/20 • 22 min

Mobile Home Investments are more popular than ever before. Many believe that it's because housing markets have sky rocketed and there is also tightening of the lending rules.

Today I have the pleasure of introducing Jay and Samera Harvey who left their 9 to 5 jobs and jumped full time in to Real Estate Investing.

Jay was in the Air force and Samera is a CPA by profession. When Jay finished his degree in Finance they both started looking to start their own business. But after trying many businesses they never really got success as they were looking for.

After reading a Rich Dad Poor Dad book they knew straight away that Real Estate was the business they wanted to get into. After taking training from their mentor, they decided to invest in Mobile Homes.

Up until now they have closed over 400 deals with initial investments around $10,000. Their investments are spread all over the USA and now they are teaching others their strategies through "Trailer Cash Academy."

Find out on YouTube why more and more real estate investors are wanting to know the secret behind flipping mobile homes in parks! You can also find their contact information in the description section below the video.

To listen to the interview, Click here.

You can also find the interview on my podcast channel www.7figurerealestate.net and on iTunes.

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06/17/20 • 22 min

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177 Because I Deserve to be...

7 Figure Real Estate with Edna Keep

play

06/15/20 • 10 min

We all want to have the perfect lifestyle. What I mean by perfect here is that your perfect lifestyle will be different than mine. Whether owning that dream car, having financial stability, life-work balance or whatever your mind desires.

For most people, however, it's not the case. And you know why? It's because the way we have been raised and taught. Certain things like owning that fancy car is not for us. Or you can't ask for everything in your life.

These beliefs are ingrained in our thoughts that even if someone tells you that you can achieve your desired income, you can also have the perfect fit body, great relationship with your spouse/family and financial abundance, you will have hard time believing it.

Those beliefs are your fix mindset which have been clouding your potential. Even if you want to see it through you can't see it yourself having the lifestyle you always want.

One of the things I help people with is becoming aware of what those thoughts are and once you are aware of your thoughts then you know what your limiting beliefs are and then you can change it. Remember, you can't change things you are not aware of.

Most of the time you may be thinking about I don't want to have any trouble at my work or I don't wish to have sick spouse. Of course, you don't wish for that. But if that's what you talk and think about then you are living in a reality. You don't have to live there all the time. Go live in the Imagination for a while and imagine about your life how you wanted it to be. Healthy, Happy and Wealthy.

You can live the lifestyle you want.

Many of us are conditioned,that you even don't know what you don't know. So one of the things I wanted to look at is your Results.

Do you have the relationship of your dreams? Do you have the job of your dreams? Do you have the career of your dreams? Do you get to do what you want to do on a daily basis?

Everyone has challenges and there's no way around that. But do those challenges help you to grow or you get stuck in your reality saying how terrible your life is?

The way you can change your reality is by changing your paradigms. When you start recognizing what is holding you back then you start knowing how to overcome your limiting beliefs.

So let me ask you a question.

Where are those paradigms holding you back?

There are two ways to overcome those paradigms. One is through a big emotional impact and another is through consistent, repetitive study which is generally brought around through coaching programs.

If you WANT to make that change in your life, reach out to me by email at edna@ednakeep.com

Or

Schedule a Free Strategy Call with me.

Edna

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06/15/20 • 10 min

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186 The Art of Goal Achieving

7 Figure Real Estate with Edna Keep

play

08/17/20 • 5 min

Today I want to talk about "the art of goal achieving" but first of all I want to talk about why is it so important to have a goal in your life.

A goal is an idea of the future or desired result that a person or a group of people envision, plan and commit to achieve. People endeavor to reach goals within a finite time by setting deadlines.

A goal is very important for your life because it gives you direction, motivation and stops you from getting distracted.

So let me ask you a question:

Are you a Goal Setter or a Goal Achiever?

Meaning, do you just set a goal or when you actually set the goal, you decide to achieve it?

Lots of people are scared to set the goal out of fear because they do not want to be committed to achieving the goal.

When you DECIDE to set a goal and actually achieve it, and I mean decide; that's the difference between a goal setter and a goal achiever.

When you decide to set a goal and start working towards that goal, things actually start happening for you.

So when you set your next goal, here are a few things I want you to do.

First of all, I want you to describe your goal as an A type Goal, B type Goal and a C type Goal.

An A type Goal is described as very similar to what you've done before. For example, you bought yourself a home and now you want to buy another home for rental income. The process of buying another home is quite similar but the only thing added to it now is that you're dealing with a tenant.

Whereas in B type Goal, you might decide to have a 4-plex. Since you already have single family home, now you wanted to stretch your goal a bit further.

Now a C type Goal is something like, I want to own 100 units in three years. And you have no idea on gods green earth, how you are going to achieve it.

So the difference between A or B type goal and C type goal is that in C type goal, you have no idea how you'll accomplish that big audacious goal.

And most people will not set the C type goal just because they don't know how they are going to achieve it.

But the idea behind to have a C type goal is that you have no idea on how you'll accomplish it.

It's not something that you've done before. It has to proceed out of some past experience though, like you're not going to jump into buying something without some kind of education or mentor besides you.

But for the C-type goal, you'll have to find different mentors, you have to thing differently, you have to start doing things differently in order to hit that goal.

So I like to challenge people to set more C-type goals because we don't always need to know how we are going to hit that goal.

When you set the BIG goal for yourself that you have no idea how you are going to accomplish it, the universe will help you to align it for you.

Let me ask you again - Are you a goal setter or are you a goal achiever?

If you're a goal achiever, there are different ways you can do it and if you want my help to get you to the next level, reach out to me

edna@ednakeep.com

Or

Schedule a Free Strategy Call with me.

Edna

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08/17/20 • 5 min

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