66 Wholesales/Year, Scammed By Fake Seller, Flipping In A Down Market with Aaron Moore

05/29/23 • 59 min

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The Truth About Real Estate Investing... for Canadians

We have my old friend Aaron Moore on the show who is an extremely successful real estate investor, wholesaler and flipper. Aaron and I met monthly to mastermind for three years so I know him well and can verify he’s a nice guy and he’s much more successful than many of the real estate influencers on Instagram.

Aaron is the only wholesaler I know who guarantees the purchase from the seller including the time he got caught in the downturn, knew he was going to take a loss and did it anyways.

Aaron takes us back to 2008 when he would deliver hundreds of fliers and hang bandit signs, you know those unauthorised sings on traffic lights saying “I Buy Houses.” Soon after successfully cracking the Google SEO and Ads code back in 2010, Aaron’s one of the best at generating leads for off market properties. Hence he can wholesale 66 properties in a year.

Aaron walks us through how he grew his organisation, number of employees, his journey from harder deals to easier for long-term holds, what he thinks of the current market, several pro tips, and if you can believe it how a scammer impersonated a seller leaving Aaron in limbo as the “new owner”

According to Aaron, these scams are becoming more common so you do not want to miss this episode, listen to the end.

To follow Aaron, his website for investors is www.housedealsgta.ca and for sellers www.gtahousebuyers.ca

Please enjoy the show.

Aaron is the only wholesaler I know who guarantees the purchase from the seller including the time he got caught in the downturn, knew he was going to take a loss and did it anyways.

According to Aaron, these scams are becoming more common so you do not want to miss this episode, listen to the end.

To follow Aaron, his website for investors is www.housedealsgta.ca and for sellers www.gtahousebuyers.ca

Please enjoy the show.

Previous Episode

Peak Multifamily Investments W/ $40M AUM & Starting a REIT

We have great guests who just launched their new apartment building REIT, a real estate investment trust. If you don’t know what that is, it’s like a fund where the underlying is a bunch of apartment buildings and regular investors like you and I can own shares in the fund to participate in the investment.

Mike Rockall and Mark Baltazar our guests today are the founders/owners of Peak Multifamily Investments and I’ve known Mike a long time, we met sometime around 2010 as we were members of the same real estate investing network. I know I talk like an old person because I am but I knew Mike when he was still in college but thanks to hard work, surrounding himself with go-getters, great mentorship he’s been full time in apartment buildings for several years and now co-founder his own REIT.

On the show we discuss the journey and get a bit detailed in how and the costs to start a REIT, who they have to hire and partner with to raise capital. We touch on securities regulations which anyone listening who raises capital should pay special attention if you want to stay out of trouble with our securities commission.

if you’re ever looking to partner as Mike and Mark share how their partnership works, roles and responsibilities, how they organise their business and of course we break down some recent deals and discuss the make up of their portfolio, cap rates how they increase value.

Something I want folks to pay attention to is cash flow and I want to thank Mike and Mark for being transparent on where the cash flow comes from as it’s not what many people think.

You can learn more about their business, Peak Multifamily Investments at https://peakmultifamily.ca/

As we are discussing a securitized investment, here comes the legal disclaimer.

The information and opinions expressed in this podcast are solely for educational and informational purposes and should not be considered as investment advice. The hosts and guests of this podcast are not licensed financial advisors, brokers, or registered investment advisors, and their comments should not be construed as recommendations or endorsements of any specific investment, security, or strategy.

Investing involves risks, including the possible loss of principal. Before making any investment decision, you should conduct your own research and consult with a licensed financial advisor to determine the suitability of any investment for your specific financial situation and investment goals.

The hosts and guests of this podcast make no representations or warranties as to the accuracy, completeness, or timeliness of any information discussed in this podcast. The podcast is not responsible for any errors or omissions, or for the results obtained from the use of this information.

Listeners are advised to use their own judgement and seek the advice of professionals before acting on any information provided in this podcast. The podcast shall not be liable for any damages, including but not limited to direct, indirect, special, or consequential damages arising out of or related to the use, inability to use, or reliance on any information provided in this podcast.

This is a really great episode for anyone interested in learning about large scale investing so please enjoy the show.

Next Episode

Why Condos Are Bad. Highest and Best Use, Triplex Conversions East of the GTA Are Good

Have you met Steve Phillips? He’s a member of my team, the four time award winning iWIN Real Estate. Right out of school he worked for one of the largest condo management firms in the GTA, he’s a serial entrepreneur, had a construction business, real estate runs in the family as the Mrs. is a designer. Steve is well known in the Durham region as well within the investor community having been coached by, and taken courses by Quentin D’souza.

If you know Steve like I do, he doesn’t sleep until his clients have a great deal under contract and he’ll be sharing how he’s been doing so along with the numbers behind the deals. You can reach out to steve at [email protected] if you’d like to book a call or tour.

To book a call with Steve: https://calendly.com/steve-1502iwinrealestate/30min

On Instagram: https://www.instagram.com/iwin_on_the_eastside/