Investing Outside of Canada with Marc Ramsay
In this episode, I talk to Marc Ramsey, a global real estate investor. Marc shares his journey from Vancouver to becoming a global real estate investor, with projects in the US, Costa Rica, Mexico, and potentially Europe. He discusses the importance of hands-on management, especially in the beginning stages, and how it's crucial to protect your investment by being present and involved.
Marc talks about his initial venture into the US real estate market through a seminar that led him to Florida for further education. This experience was foundational, providing him with the knowledge and confidence to tackle various projects, from fix-and-flips in Orlando to multifamily units in Cleveland. Despite facing challenges, such as underestimating repair costs and dealing with difficult property managers, Marc emphasizes the valuable lessons learned from each project. He highlights the significance of due diligence, not just in terms of property but also understanding the legal and management aspects of real estate investing.
The episode also explores Marc's international investing endeavors, particularly in Costa Rica, where he now resides. He shares insights on managing properties remotely, leveraging technology, and the importance of having reliable local teams. Marc's approach to real estate investing, focusing on both the challenges and successes, offers listeners a comprehensive view of what it takes to succeed in this competitive field.
What you will learn if you listen to the episode: - Mark Ramsey's journey from Vancouver to global real estate investor - Lessons learned from early US real estate investments - The importance of hands-on management in protecting investments - Navigating challenges and successes in international investing - Strategies for remote property management and building reliable teams.?
Timestamps:
?? Mark Ramsey's global real estate journey (00:41)
?? Starting with US real estate: The first seminar (01:39)
?? Learning and growth: From seminars to actual investing (05:10)
??? Overcoming challenges: The Cleveland multifamily project (07:09)
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?? Key lessons from the Cleveland experience (09:30)
?? Moving and investing in Costa Rica (17:44)
?? Expanding to Mexico and exploring Europe (19:47)
?? Strategies for successful real estate investing (22:00)
?? The importance of partnerships and due diligence (24:01)
?? Adapting strategies for different markets (26:26)
?? Leveraging technology for remote management (28:34)
?? Future plans and the pursuit of freedom through real estate (30:22)
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