Long-Term Real Estate Investing Pays Off!

Posted by Alex Wilson on Monday, November 11th, 2019 at 10:53am.

Don't just take my word for it. We have someone else that built a 15M real estate portfolio!

In today's video, we take a look at a recent article in the Toronto Star titled How a TTC driver quietly bought up a corner of the city. 

In this article, The Toronto Star details the life of a Portuguese immigrant, Manuel Gomes, who moved to Canada decades ago with no money and began a career as a TTC driver. What people didn't know about him was that he was slowly accumulating an extensive real estate investment portfolio, which in today's money is worth $15M. 

How is that possible?

Over the years, Manny got in the habit of purchasing property, holding each one for a short while and then renting it out, doing this repeatedly until he eventually ended up with nine properties in total. 

The best part of all of this is, Manny was just a “regular guy." He didn't come from money or have a nest egg, and he didn't have a fancy job in finance. What he did have was a knowledge of real estate and an understanding of the value of time and holding. By slowly buying up real estate and investing in the market, he became a self-made man and could live comfortably until his death at the age of 82. 

What can we learn from Manny?

The importance of real estate investing AND the value of time and holding. By educating ourselves in the real estate market and future trends, we empower our decisions and make property investing so much more attainable for the "regular person."

Build Your Wealth

Need help finding the right investment opportunity for you in Toronto? Send me an email at contact@alexjwilson.com or you can give me a call/text me at (416) 996-5181.We’ll work together to make your real estate dreams come true in helping you build generational wealth and financial freedom.

 

 

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