Starting a Bed and Breakfast with Jules McKenzie
Updated: Aug 16
Jules and Ange Mckenzie have been investing in residential real estate in the Orillia and Barrie areas of Canada for over 20 years. His strategy has been buying and holding. He’s currently holding 13 investment properties. His portfolio is a mix of small multifamily buildings. He has raised the money to buy properties from Joint Venture investors. Jules and Ange manage their own properties. Jules has also been a Police Officer for 31 years. 11 of which were with the Ontario Provincial Police and he is currently with the Rama Police Service. We talked to Jules about his knowledge and experience from investing in Orillia, and how they have overcome some obstacles and challenges with his partner.
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[00:01 – 02:41] Opening Segment
Jules talks about his background.
He talks about how he started investing;
[02:41 – 18:01] An Investing Tale from Canada
How partnering with other people helped;
The reasons why people decided to invest with Jules;
How he got interested in real estate in the first place;
He talks about the skills he had that were transferable to real estate investing;
He talks about a deal with huge profits and breaks down its details;
[18:01 – 26:33] Orillia and Barrie Markets
He talks about his bed and breakfast deal;
The parameters he uses to have guests in where he lives;
How holding a property can pay off;
He talks about the Orillia and Barrie Markets;
[26:33 – 31:53] Round of Insights
Financial challenges early in his career.
Most Recommended Book:
His morning routine
#1 Insight for Investing:
Cashflow is everything.
Best Place to Grab a Bite in Charleston:
“When was the best time to invest in real estate? Maybe 20 years ago. When is the next best time to invest in real estate? Right now!” - Jake Wiley
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