In 20 like 2022 you need multiple stream suffering.
You don't need any money, you don't need any initial, That's how I started, That's exactly how I started.
If you are Intrested, So look at orthodox ways of making money, There are many ways.
Hello every one, How are you all doing, Finally I'm here with a new video,
As you can see setup is completely changed, You are watching a new person on Channel,
And we are here with a very informative video, Literally I'm telling you will get lots of knowledge from this video,
Like you watch many others video on Channel through them you get knowledge,
Right, but this video will gonna change your whole life, In short
People don't like such videos, But this is one of those videos from which you will gonna learn a lot.
So today Firstly let me tell you who is with us on channel, Today KP brother is with us,
He is soo Tall that my hand can't reach to his shoulders, So KP brother Introduce your self to our Audience.
Thank you Akshit, Thanks for the small introduction.
Hi guys my name is Kumar Preet Singh short KP Singh that's what every one's knows me by, Mostly people call me by KP here,
So KP Brother when do you came in Canada, and did you came in winnipeg or some where else,
Brother I came in 2016, almost 6 years have been completed today, In january 2016 I landed in winnipeg,
OK
As a student, Many people come as a student in that age, I completed my 1 year course from MITT Private college,
And after that work permit, Applied for the PR, Worked a few different jobs.
I'ts been 6 years and now we here. Now you are in to real estate,Right.
Yeah now I'm into real Estate, From last 2 years I have started my business aspiration, So I always wanted to do something in Business.
OK Jobs were good but it wasn't for me !
That's right. Still good there are many good and beautiful jobs out there.
Sometime you feel this thing is not made for you,I mean I not made for this and this is not made for me,
So find that job you love to do, you enjoy doing your work, As you can see It's night here and we are still shooting this video,
It's your passion my passion is Real Estate we are still doing it, Right. That's Right.
So Today we are in KP Brother House, It's FLIPPER, What is FLIPPER?, I'll tell you guys later.
First we will show you house, and how KP brother will make $60,000 in just 5-6 months, I mean he just made it, only he have to sell it,
Almost last Finishes left every thing is done, So let me show you the house tour, After that we will talk,
I'm telling you these things because these are the ways to earn money, Like if you are doing jobs,
Many people love to do jobs, we are not saying jobs are wrong, we are saying that you should have a mindset to have more options,
don't just stick to one income, Right.
Exactly Exactly In 2022 you need multiple source of Income.
So some people are in to youtube, Like Akshit is doing very well in youtube, Some people are doing Amazon,
Some people are doing Real Estate, So whatever is your passion, First do research on it, If you like it then do it well.
Continue your job, and try to build up your passion.
Well this is my suggestion, Besides Lets give you the tour of the house. Let's go.
Hey Guys, So we are standing in River heights which is one of the most PRESTIGE Area of winnipeg, It's almost Central of Winnipeg.
And I'ts closed to pool O Park and all the Beautiful Amenities, In this Area In this house will show you a small Tour,
As you can see It's entrence, we made a open Concert Kitchen, It's Living room Area, With an Iland.
If you Follow me I'll show you the Washroom.
This is Washroom, Please Excuse because some things are under Constructions, It's Almost done, But It's not fully done.
But everything working on. But please excuse all of this mess.
But this happens, at the end of the day as you can see this is one room which is fully renovated.
Here's one room, and there's sun room.
Yeah, This is the most Beautiful part of the house, It's Sun room, You can enjoy Sun in summers, Even In winters you can enjoy the sun light and everything.
Yeah because everything is Heated, and windows are here, Light will came through the windows,
we will light up it, I guess, We will continue it, Let's go upstairs there's an Master bed in upstairs ,
In winnipeg mostly people think carpets are cozzy, So carpets are mostly upstairs.
Down stairs was vinyl and laminate Both, Master BedRoom.
And here is the washroom,
This was actually an small Office before, Which have been converted into a Bathroom now.
Ok so 2 Baths now, and what about this door?
It's a closet, Like a walk in closet. Ok
There's is no light right now, So 3 Bedrooms and 2 Bathrooms.
and there's a room in basement too, we can't show you right now because it's messed up,
Exactly like Full of materials, Sorry guys we can't show you right now, But maybe hopefully next time,
So Let's go down.
So KP Brother what were the numbers of this property, In what price you bought, how much you spend on renovation,
How much time it took, and how much profit you will gonna earn from this property comparing others.
Right so It's purchase price was $300,000 , Initian renovation expenses was our budgted It was around $75,000,
But due to some circumstances It increase to $100k CAD So we Almost spent 100k On this property.
It's Sale price will be around 450-500k CAD, So we are expecting anywhere between that.
I mean the market of this Offer is not even $100k.
The Market is very hot right now, As you can see the Market is very hot in winnipeg and all over Canada
So here are Bidding wars, and the people are bidding over the market price anyway
So that's why we expect to Real Estate for Like around $429-$439k, and we are expecting between $450-500k.
So over all we are expecting Net Profit between 50-100k CAD, After all the expenses are covered.
Yeah after covering every thing, real Estate fee , Lawyer fee , we will be nading around 50-60k CAD, so how much time it took 5-6? Yeah 6 months.
It took 6 months because of Cold, most of the work was pending, you know as your viewers are from winnipeg and If they are from Canada they know winnipeg winters are horrible.
This year It snow too much, so some time we delay the work, So that's why our work was delay,
Initially I was expecting 3 to 4 months, But It part of Business.
Yeah, you have to consider the unexpected, and If I tell you about the structure, I have a partner in this who brought in the funds
And I brought In the project.
and my banker, Like I have tie ups to the banks who provides me
In that way they bring in the 20% funds i bring in the bank mortgage and we do the project.
So you mean overall everyone get his profit cut,But one thing is good as you can see $60k and 6 months.
It's a really good number, Like $60k in 6 months,
As you can see it gives you $10k per month as long as you kept the property
Right, and initially as I told you viewers expecting more because it takes our more expense but if we did'nt do more expenses on it, So we would have made like Almost close to $100k,
$100k yeah exactly, But yeah you can never say what happen in Real Estate, you just go with the flow,
As long as It's working you have to move on, And yeah tell me one thing like if I want to start this or someone else,
Like $300k is a very big amount, Like we can't manage $300k at the moment,
But if we want to start at Minute Level, If you can give Introduction on it, what can we do, what's that thing .
There are many strategies in Real Estate, Fix and Flip is not the only one, There are Wholesaling, Birdog then you have BRRRR Properties
Buy renovate, Rent and Refinance, So there are many Strategies so for beginers, I would suggest Wholesaling,
Wholesaling is like that you go out and search a property whom need renovation,
First of all guys we don't look such properties whom are already done, and newly built that's not our cup of tea
So we need to find that old house whom need to be renovate.
I mean in which we can work, Like if we bought this house which is already complete so we can't earn money from it
So you have to find only that property as KP brother told us FIX and FLIP, Like he bought this house Fix it and Flip it,
Like I have seen that people renovate the old Drawers and sell them.
Idea is same, consept is same, It's just asset is different.
So let me tell you about wholesaling let's say you live in neighbourhood, In that neighbourhood you can drop off Flyers by yourself and through Canada post too
In Flyers there's already written that I'm a real Estate Investor I'm looking to buy some properties in this area,
So If you find private seller, Hopefully, So you can Lock his property that I'm gonna buy it from you,
Now when you have property in your hand, Contract in your hand, you can sell that contract in the market just like people like me,
So I'm Already in this business so you can hand over me that property, And I'll give you your commission like $5k and $10k
In whichever condition we both will understand, So That's wholesaling, That's how you can do it, It takes some time but it works,
It definitely Works !
So what I understand, I was just talking about this with KP brother, I mean in simple Language
That there are 10 houses infront of you , and only one is need to be renovate, and we have to send him a Flyer,
What is Flyer, If someone don't know about Flyer in India and Canada, Like if you send a letter via It's hand written or printed, That I want to buy,
And the good thing for them to sell this property to us is they don't have to pay the fee of realtor,
They don't have to pay the realtor that's a big advantage for them, and they don't have to renovate their house they don't have to move anything, As It is we can buy!
and that's the main point we can Negociate with them, Like If the house cost is $200k we will offer $150k
because obviously It needs to be renovate, As like we take it now the contract is in our hands, we did'nt pay the $150k, We just said to them that we will buy the house.
You can give him $100k or $200k as a deposit, you don't need to but still like to keep the relation and reputation maintain,
That's it and the contract is in your hands , and only that Contract have the value.
You have to give that Contract to the Flippers who Flip, Like this house was $280k but he bought in $300k, but the wholesalier found this house
He distribute the Flyers in the houses, Lock the Contract and sell this $280k house to them in $300k so in this way he earned $20k
whom done this, But the renovations work and hold the property for soo long time, It's all depends on you , So the more headache more money.
It's headache in wholesaling too , but It's a good way to start, because you don't need money, you don't need any Initial that's how I started
That's exactly how I started 3 years ago Almost, I'll still suggest wholesalirs and If you want to learn wholesaling
So you can contact with me through Akshit, So I'll provide you guys link of KP Brother down in description, So follw him because he uppload many real Estate Reels on Insta,
And If you guys have some questions to ask just DM KP Brother, I think he will take care of that,
Yeah guys, I want to say one more thing look at an unurthodox ways of making money, Jobs is good thing no doubt , do job , we came here for being settled,
But once you are little bit set up, Like if your house expenses are going well, and If you are intrested look at unorthodox ways of making money,
There are many ways find your passion, Look in which you are Intrested, Follow it, It cost nothing to try,
Exactly I tried the youtube and now I'm enjoying it, So nothing bad, As you guys know, How much I'm looking into Real Estate,
So I thought why don't I talk with an Expert, Literally we just talked on phone twice, and now look It doesn't look like we are meeting first time.
So It's another level of Fun, Before this I already post a Real Estate video you support alot on that.
I hope you like the video, If you like it , then gives it a thumbs up, Like Aim for this video is 5k,
So do it, and Subscribe my Channel and follow us both on Instagram, we will meet soon , If you like the video, we will let you know more about it
will show you more properties, Till then take care bye bye see you in the Next Video. bye bye