Join Keenan, Denzel and top 1% Realtor, Brent Fontaine, as they break down all of the data from the Winnipeg Real Estate market from the March 2024 data dump. Brent dropped a few dozen knowledge bombs this episode, and his unique perspective on markets and the real estate industry at large was fascinating to break down.
3:46 - Market update begins
6:19 - Brent on why rates matter less than you think
11:33 - Denzel on affordability in the entry level price range
15:40 - Brent on what to do if you are approved for $300k or less
24:31 - Denzel on his plans for April, what worked in March, and which listings are coming this Spring
26:55 - Denzel on selling off a portion of his rental portfolio into the price runup
29:12 - Brent on risk mitigation as an investor
30:39 - Brent on how he got started
35:50 - Brent on why he does NOT advertise
39:58 - Denzel on taking ego out of investing and making smart business decisions
41:08 - Brent breaks down the biggest mistakes he sees flippers making in the market
44:04 - Brent delivers the best, most entertaining, and most constructive rant about bad flippers I have ever heard. Pure gold!
45:16 - Brent cautions about hiring a bunch of yes-men agents
45:48 - Denzel outlines his ARV and pricing strategy in the current market
48:35 - Brent on flippers gaining a bad reputation in the agent community
49:51 - Brent on the most critical questions a seller should be asking their agent before they hire them
53:04 - Denzel elaborates on changes he has made to the products he has been flipping lately
55:24 - Brent explains how he uses his information and knowledge edge to beat out other agents
57:42 - Denzel asks Brent about trends he has been seeing in the new construction space
64:56 - Denzel asks Brent how flippers can be successful in the higher end price categories, specifically 650k+
67:24 - Brent explains why half-assing projects at 800k+ does not hold up in the eyes of the buyer
69:33 - Buyer psychology at 700k+ vs 300k
73:48 - Why sell now, and why are there suddenly so many multi family buyers
74:28 - Denzel explains why he is considering selling some real estate
77:10 - Keenan outlines his theory as to why prices are up, why new multi family buyers recently appeared, and why selling rentals right now is not the norm
80:17 - Brent explains the economics behind the current real estate situation
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