『Overcoming the Fear of Debt: Daryll's Success Story』のカバーアート

Overcoming the Fear of Debt: Daryll's Success Story

Overcoming the Fear of Debt: Daryll's Success Story

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 Sylvia Ho welcomes real estate investor Daryll to the show to talk about how his view on debt changed and the one conversation that gave him the confidence to jump into real estate investing. Daryll reveals how he started his property owning journey and how he views debt now.Daryll and his wife were, in his words, very conservative about debt initially and didn’t want to take on more. But a conversation with his acupuncturist changed the course of his life and led to he and his wife buying their first properties. He now understands debt differently and sees how it can be put to use for future wealth. He talks about this shift in his view with Sylvia.Sylvia discusses how the wealthy view debt and how they use equity to accrue more wealth. She also asks Daryll details about his properties which include two condos and one house in Niagara on the Lake. Daryll shares part of his Airbnb ambitions for the house. He tells Sylvia that his advice for anyone is to start the real estate conversations sooner rather than later. Learn all about Daryll’s change in view and new enthusiasm for the process in this talk with Sylvia.–Sylvia Ho | Mortgage Edge Agent 1 | LIC #10680 FSCO# M08003923: schedule a call | facebook | linkedin | youtube | instagram_TranscriptSylvia Ho: [00:00:05] Hey, friends, have you ever wondered how you could pay off your mortgage faster? Or maybe you like to help your kids get into the real estate market. Or better yet, retire with some passive income. Well, you're in the right place. Welcome to the Sylvia Ho Mortgage podcast. My name is Sylvia. I'm here to teach you how to achieve your goals simply by owning just one more property. Today we have Daryll. Daryll is a real estate investor. We're going to talk about his relationship to debt and how him and his wife were very adverse to debt. They're like, Oh, no, we want to get rid of debt. We want to get rid of debt. Until he fell into real estate through a conversation, in a conversation where he found someone that he trusted and guided him through this whole process. And his first two investments were two condos, pre-construction condos, that he bought within the first six months. It's now eight years later and we talk about how he manages his own properties. So Daryll, thank you very much for coming onto the podcast. Why don't you tell me a little bit more about yourself and then we could talk about your real estate investing life. Daryll: [00:01:37] Thanks, Sylvia. I appreciate you inviting me on to this podcast. You know, many moons ago I used to be an accountant and finally got out of that, started to be something different and eventually landed up doing some training and development work. And that led me to owning a couple of health clinics for about ten years or so. Just recently, I got out of the health care business and I went back to doing consulting for manufacturing and service companies. And so in between that time, I've been looking at, my wife and I've been looking at real estate and see how that could be our next stage in our investment. Sylvia Ho: [00:02:16] What's your wife and you're thinking about real estate? Daryll: [00:02:19] We've always thought about real estate, but I think we're always hesitant and probably maybe about eight years ago with the acupuncturist that used to work for me had suggested I talk to his real estate agent. And I talked to her and she gave her story and it kind of said, Oh, this is the right person that we feel comfortable to do our first purchase. And she didn't really push us to buy anything too big. The first one was a one bedroom apartment near St Moritz Market. And so we really thought real estate could expand our portfolio but didn't really know how. And when she came along, that helped us solve that equation, someone to kind of handhold us. I think that's what we were looking for. We are fairly conservative investors. Our house just was paid off for and we were thinking not to expand our debt levels because I don't think we were comfortable at that time. But after our first foray into our condo, I guess the rest was history. Then we started to look at some other properties. I think this was about eight years ago and I think we bought two in a matter of about six months, and then maybe a year later we got another property that's still being constructed. Sylvia Ho: [00:03:37] Okay, so it sounds like you got into this whole real estate investing through a conversation. And then you've been always thinking about it, but just didn't really know how to get started. But because you had someone that you trusted and someone who can really guide you through this, you're like, Oh, I feel comfortable in doing this. And you just did it in little baby steps. Daryll: [00:03:56] Yeah. And I think this is where for people to consider is make sure that they are talking to a few experts, people that they feel comfortable with, and they trust, that can guide them through the process. So they're ...
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