Invest in real estate to transform your life! That’s what this week’s guest on “Inspired To Invest” did! It’s hard to imagine how a career in musical theater could lead to managing a $30 million real estate portfolio?
Welcome back to the “Inspired To Invest” Real Estate Podcast. This week, Darren Voros joins us to share how he went from a career in musical theatre to a real estate portfolio worth more than thirty million dollars.
Darren’s story is completely fascinating. Come with us as we navigate the world of property investment with our esteemed guest, Darren. Once a musical theater artist, Darren’s tale of transition to a real estate magnate is as intriguing as it is inspirational. His trajectory from buying his first property in Alberta to growing his portfolio each year is a masterclass in resource leveraging and external capital raising.
During our chat, Darren doesn’t shy away from sharing the trials he’s had to face along the road to success. He candidly discusses his experiences managing external partners, emphasizing the significance of investing in education and maintaining clear communication. He also offers some hard-learned lessons on contractor payment struggles, highlighting the key role due diligence plays in hiring contractors.
His journey isn’t just a saga of his achievements, but also a testament to the lessons he’s learned along the way.
As we round out our insightful conversation, Darren delves into the changing landscape of Ontario regulations and the new financing rules of the Canada Mortgage and Housing Corporation. He elucidates how these alterations are streamlining the building permit process for rentals, thereby incentivizing more developers to rent.
If you’ve ever dreamt about swinging the hammer to build a multi-million dollar portfolio, this conversation with Darren Voros is a must-hear for you. Listen in as we dissect the nuances of real estate investment, and perhaps find your own path to financial success.
To connect with Darren, go to @darren.voros on social or darrenvoros.com online.
Thank you to Dijon Properties for bringing us this month’s episodes of “Inspired To Invest”.
To learn more about them, go to @dijon.inc on social.
Tune back in on Wed., Nov. 8 for Episode Twenty-Two for a guest who is focused on educating others to invest in real estate both passively and safely. For past episodes, click here.
Thank you for tuning into “Inspired To Invest”, hosted by @serenaholmesrealtor & remember, “when you invest in yourself, the sky’s the limit!”
Empowering Others To Invest In Real Estate Podcast Transcript
Speaker 1
00:01
Welcome to the Inspired to Invest podcast, where we’re sharing stories from real estate investors and how investing has changed their lives. This episode of Inspired to Invest has been brought to you by Dijon Properties.
Speaker 2
00:18
Hey everybody, welcome to the Inspire to Invest podcast. I have Darren Voros here with me today and he played a pivotal role in my own investing journey. I spoke about five years ago at an event, signed up to receive more education, and now I’m part of his mastermind, Synergy. As we can see, who has had To give you a little bit more detail on Darren and I promise he sounds way better than I do Give you a bit of detail and I’ll pass the mic over to him. He’s got over 20 years experience in real estate, 250 plus stores and a portfolio worth more than $30 million. He has been performing on stage and on TV for many years as well, an on-air renovation expert on the goods on the CBC and City Line on City TV. I’ll let him fill you in on all the great things that he’s been working on. So thanks again, Darren, for joining me today.
Speaker 3
01:10
Thanks for having me on. I had a similar loss of my voice a couple of weeks ago, so I totally feel your pain. But the good news is it doesn’t last long. A couple of days you’ll be feeling much better.
Speaker 2
01:23
So I guess where I want to start. You obviously have this illustrious career in real estate, but what were you doing before real estate?
Speaker 3
01:30
Well, you know it’s. You know, when I talk about my previous life, I call it. People are often shocked. They’re like, well, that’s quite the transition. But I yeah, I worked 15 years professionally in musical theater, so I was a singer, dancer and actor.
01:45
That was my full-time gig from the time I left high school until, you know, around 2010. And so it was a really cool opportunity to travel the world and I worked with incredible people and had a lot of fun. And, you know, on the side I was doing real estate, you know, in my later years. And then at some point I just decided I wanted a bit of a break from, you know, working nights and weekends and not having a lot of vacation time. That was when I started to look at an exit from theater and getting into some other things.
Speaker 2
02:20
So yeah, so what was that catalyst Like you mentioned, kind of like walking that line for a bit? Was there someone that encouraged you or something that you saw?
Speaker 3
02:29
Well, it was. You know, in terms of the exit from theater. Is that what you’re?
Speaker 2
02:32
yeah, you know many like the catalyst in real estate. Like somebody encouraged you to do that or did you just think, oh, this is like interesting to me.
Speaker 3
02:42
Yeah, I worked over in Japan in 2002 and I was able to save up some money while I was working over there because they paid for our you know apartments and our train passes and bicycles and gym memberships, and we got a per diem and a salary bonus at the end of the year. So I never touched my salary the whole year and I never, and I got a nice little bonus at the end of the year as well. So I came back to Canada and I had money a little bit of money, like you know. At the time I felt like I was a million, you know. But yeah, it’s a small amount of money, but I invested it. I bought a piece of property.
03:14
I didn’t really know what I was doing. Yeah, I wouldn’t say that I was educated in any way. I kind of just thought well, this is the only thing that I’ve heard is, when you have money, you should buy a house because it’s a good investment, right? And so I ended up buying a property in Alberta, where I grew up. I was living in Toronto at the time, so you know, that was a major thing for me. I think that a lot of people don’t think of, and that’s to buy your first property as an investment property, which is really what I did, because I had no intentions of ever living in Red Deer again. But you know, I thought I was going to buy it and then fix the finish, the basement renovation, because it was a brand new build, and then sell it and then take the profit and move on to the next one.
03:57
And I didn’t sell it, I kept it. I rented it out for four years. The market went crazy in Alberta. I almost doubled my money and then I went and took that money and bought some property here in Ontario. That was really the catalyst for getting excited about being a real estate investor, because I was like, oh, I went from one property and you know, and four years later I bought three in about six months and that was where I saw kind of exponential growth and I thought, well, this is a strategy that I could hopefully repeat and got really excited about. You know the potential of real estate investing.
Speaker 2
04:32
So then, when did he start to really like dial it up after he left theatre?
Speaker 3
04:37
Yeah, I mean, I didn’t dial it up for a while. I was playing the you know the game that most people play and that is, you know, you let equity build and you try to save some money and then, when you can, you refinance and take that equity and you apply it to a new property or you take your savings and go and have another down payment for another property. I didn’t really understand how to leverage that well. I didn’t really understand how to use private money. I didn’t really understand how to raise capital from external sources. I didn’t understand any of that. So that took a while.
05:12
I mean, not until probably, like you know, 2014, 2015,. Did I really start to understand those elements of building a portfolio I had in that time. You know, I started in 2002, bought my first house. By the time 2014, 15 rolled around, I had bought six, you know, and so that was pretty good, you know. And then from that time, you know, I’ve exponentially grown the portfolio every single year from that point. So but yeah, the first few years were definitely slow and steady, but you know it was decent growth regardless.
Speaker 2
05:48
Now, where did land development come into the equation?
Speaker 3
05:51
Land development started just a couple of years ago, like two and a half, three years ago, and that was really because, well, I say that I’ve been in development for a while. I guess people think of development as like buying a raw piece of land and then, you know, going and changing the zoning and doing that. But I think of development in a lot of different ways. I think when you take a single family dwelling and you create a basement apartment in or a secondary unit, I mean that’s essentially development. You’re adding another unit to the market. It’s just on a smaller scale.
06:23
One of the first pieces of development I kind of did was I took a single family dwelling, I tore it down to the ground and I built up a legal triplex. That was the first one. You know that I kind of consider as experiencing development. But in terms of larger scale developments, what I’m doing now, that started just three years ago when I saw an opportunity in the Toronto market of like we have really good zoning in Toronto that allows us to basically do on a single family lot anything from a single family dwelling all the way up to an apartment building. And then I saw the opportunity in some of these older established neighborhoods with larger pieces of land that I could actually do, you know, like an eight unit apartment building in a single family dwelling, and so that’s where that kind of came to play. And then that just sparked my interest on development in general and learning all about it and then kind of took it from there.
Speaker 2
07:14
Now you’ve obviously got like a really diverse experience with real estate in your career. So, that being said, what do you do find as your biggest success?
Speaker 3
07:27
You know, in terms of like the success of like, like a project, or in terms of like what I feel most successful about.
Speaker 2
07:33
Yeah, like when you look back, like what are you most proud of? What have anything you’ve done so far?
Speaker 3
07:37
I think you know the triplex that I just mentioned. I built that from the ground up, like that was the first project that I had ever built myself, like literally I framed it, I did all the electrical, I did all the plumbing, I did all the drywall. There was like I think I didn’t do the roof and I didn’t do some of the finishing of the drywall, but other than that, like I did install the kitchen. I mean, it was just I did everything from top to bottom. Yeah, and I learned a lot through that process. I learned that you know, you can only grow so fast when you’re in there swinging the hammer every single day. But it was a really cool project and I live in that house, or I live in the laneway suite next to that house, so I look at it every day and it’s kind of a nice thing to be able to say like, hey, I built that, you know, and it’s really well built and it’s a beautiful property in a great neighborhood.
Speaker 2
08:31
Yeah, that was amazing and obviously, with the way that you know, the city has changed things, this is kind of it’s going to become the norm, right? So I think we’ll start seeing that popping up more often. Yeah, he talks just briefly about challenges, so what are some of the biggest challenges that you’ve experienced so far?
Speaker 3
08:48
I think the biggest challenges that I’ve run up against is, you know, just the ability to grow and scale. You know I think that’s a challenge that a lot of investors have and you know it’s also. I think the other big challenge is lack of education. I think I’ve been one of those people that in the past I’ve gotten a bit of education and I’ve tried the trial and error sort of process and that’s not a great way to proceed as an investor. You can do it. It’s expensive.
Speaker 2
09:21
Yeah, maybe one of the other people, hopefully to avoid some of those challenges.
Speaker 3
09:26
Yeah, it’s an expensive way to learn lessons. So I always say, like, put that money into education and, trust me, you’ll be glad you did, because you know, like you say, it’s just a matter of learning to avoid other people’s mistakes that they’ve already made. But also, with education and with mentorship and things like that, you’re not only paying for knowledge, you’re also paying for speed, right? I mean, if I could teach somebody what I did in 20 years and I could probably teach them to do it in 18 months, right, if they have the right tools. So that’s the difference I think, with you know, just maybe not. I was being a little bit naive when I first got started, or, to be honest, I was being a little cheap, right, and just being like, oh, I can save money by doing it my own way and figuring it out by myself, but that’s just my ego getting in the way and my bank account getting in the way of not being able to take that next step forward.
Speaker 2
10:18
Yeah, what would you say is like the biggest obstacle, that like there’s just general challenges, but is there one thing you’re like this has been the biggest obstacle that I’ve had to work through?
Speaker 3
10:28
I think you know, bringing in partners is always interesting and challenging. I have partners on multiple deals, I have JD partners, I have investors, I have all kinds of people that are external to me, that are involved in my projects, and I’m grateful for that. For sure it’s allowed me to scale and grow. But you know it has its challenges, for sure. I mean, if you don’t necessarily align on what you want, it and your partners want, that’s always a tough conversation, right. It’s always a thing that you have to be like okay. It’s like any other relationship where you kind of have to manage expectations and figure out what you want to do. But I would say those have been the biggest challenges, I think, when it comes to building and developing and dealing with municipalities and things like that. That’s just part of the nature of the game. But dealing with investors can be a tricky thing, for sure, if you don’t see eye to eye.
Speaker 2
11:23
Yeah, absolutely, and I think that’s why sometimes it’s also helpful that with partners you have those agreements, because it’s easier to discuss what the ending could look like before you’re there going on good terms, right. So trying to foresee the unexpected.
Speaker 3
11:39
Yeah, like I’m dealing with a situation now where I want to sell a property that I’m a joint venture partner on and my partners one of them, I think is in favor of that, one of them is not, and you know, it’s just like we have a joint venture agreement, so it’s good we have that. You know it cost us about I don’t know $1,500 to get one drawn up at the time, and a lot of people forgo those kinds of things because like, oh, we can save $1,500 because it’s like my friends or my family or whatever. Yeah, and I’m always teaching people like, do not avoid that step, because if there is a situation where you have to go back to this document, at least there’s a legal roadmap that you can follow and be like okay, well, in the document it says this so you know, now do you have to follow that 100% if everyone’s in, agree, in agreeance? No, you don’t, but I mean, at least it gives you some sort of basis to start the conversation with.
Speaker 2
12:30
Yeah, I know, and with that we’re just going to take a really quick break for a word from our sponsors.
Speaker 1
12:35
The Dijon vision is to add value and create beautiful spaces that make a positive impact. We transform homes and lives and believe that everyone deserves a beautiful home. Our homes are where we eat, sleep, relax and play. I value transparency, integrity and trust. If you choose to work with me, you can be assured that business will be conducted honestly and openly. Time is of the essence in this industry, so you can expect nothing short of quick, clear communication from me. I’ll keep you informed every step of the way so you feel comfortable through this entire process and, with this said, my service to you doesn’t end when the transaction does. As your realtor, I’ll not only help you buy and sell your property, I’ll also educate and support you along the way. I can’t wait to share my passion for real estate with you. More importantly, find you the perfect house to turn into your home.
Speaker 2
14:15
Hey everybody, welcome back to the Inspire to Invest podcast. I have Darren Voros here talking about his successes and challenges and learnings from 20 years as a real estate investor. Now one thing I want to know is what’s the craziest thing? That’s ever happened to you, I always bring interesting things out.
Speaker 3
14:36
Well, I mean, I’ll talk about a recent situation because it’s not been fun, that’s for sure. The craziest thing that’s ever happened to me is happened about just about a year ago. Now hired a contractor to complete one of our eight unit buildings in Toronto and basically the way that the payment structure was laid out. We had a deposit, which is normal, and then we had a material deposit, which is also not that abnormal in a year ago when things like steel and glass and wood were even hard to come by. But basically, long and short of it is, we had these two deposits that we gave the contractor and the work kind of started to slow down. Eventually it stopped. We tried to get them back on site, get them back moving, but they were in a position where they had a lot of my money or a lot of my projects money, and they just weren’t showing up to site and eventually we had to bring in the lawyers and everybody. We eventually had to remove that contractor from the site and now we’re chasing them in a court battle to try to recoup that capital.
15:48
So it’s a hard lesson to learn. This person was backed by a brand name that’s been in the construction industry for a long time, but because of that I probably put a little bit more faith in that company than I should have. I didn’t do diligence. There was also a lot of misleading information that that person was giving me. So it’s hard because you kind of take things at face value at certain times and then you dig in a little bit and you get those answers you need to get, but you still can be deceived.
16:24
This person is a professional con artist. That’s what I’ve come to learn. They’ve screwed people out of millions of dollars and we just happen to be one of those people that’s going to be chasing them down. But it’s a tough lesson to learn. The project will will continue, the project will get finished, the project will be profitable in the end. But it’s just a really hard challenge that I’ve had to overcome and really, being the one who spearheading the whole project, it’s been a lot of. It’s been a lot of stress and a lot of anxiety and a lot of just tough conversations and tough things to deal with. But you know, this kind of stuff happens and as a real estate investor you have to and especially as a real estate developer, you have to be ready and willing to weather the storm, because there are gonna be challenges that come up on a right-paces.
17:12
Maybe, not to this scale, but definitely challenges that come up for sure.
Speaker 2
17:16
So with something like that, with the lesson like going forward when you’re doing due diligence with a contractor as a provider, what would you do different now, having gone through this?
Speaker 3
17:26
Well, I think, like you know, there was a few little things that didn’t quite line up. I think one of the things, too, that I would definitely never skip ever again and it wasn’t even really part of my process then but just having my lawyers look into the company itself, I mean, because there’s oftentimes numbered companies on contracts and things like that, and they might be like operating, as you know, a brand name or something like that. Like looking into that numbered company and also looking into like, what kind of assets do these companies have? Right, I mean, that’s the challenge in Canada, all these corporate structures and I have a corporate structure as well that I use all the time and I use that for liability protection but anybody that’s, you know, working to hire a contractor, the question would be like, does that contractor own any assets or does that individual that manages that company own any assets?
18:24
Because if there’s ever any situation that comes up and you’ve got to go and try to, you know, let’s say, recoup your capital, like we’re trying to do, if that company doesn’t own anything or that person doesn’t own anything, good luck trying to, you know, recapitalize yourself at that point. So for me it would always be looking into the quality of the person that kind of goes to that saying but also looking into their background and seeing what else they can potentially control and what their entire financial picture looks like before signing when the dotted line especially on large, large contracts right. I mean, we’re talking millions of dollars here. It’s not like it’s a $100,000 renovation to your bathroom or your kitchen. This is a multimillion dollar project that, if it goes sideways, could be detrimental to you and to your investors you represent.
Speaker 2
19:13
Yeah, no, and I think that’s so smart. I just understand the recourse that you have if anything goes sideways. Right, and you talked about education. What is some of the best advice you think you’ve ever had?
Speaker 3
19:26
I think that one of the things that I learned just recently and been trying to impart this to as many people as I can is there’s no natural progression in real estate, like I think a lot of people think well, I gotta get a single family dwelling and then, if I want to, I can go to a duplex, and then, once I graduate from duplex Academy, I get to go and buy a duplex and then a fourplex, and then maybe I get into a six and then an eight. And then I was like there is no rhyme or reason to that. You don’t have to do that. You can go right into buying an apartment building as your first investment. You’re gonna probably learn some serious lessons if you don’t have a mentor or some education behind it, but you don’t need to start with a single family dwelling.
20:09
At the same time, I’m a huge believer in right now, in the current marketplace, that really the best deals are created. They’re not found. People are still. My students are always asking me like I can’t find any good deals. I’m like, yeah, they don’t exist. Like because-.
20:25
Not here, not in Toronto Interest rates don’t make sense, property values don’t make sense. There’s all these factors. So I’m like, if you wanna have a good deal, you have to create it. You have to go and find an opportunity where most people can’t see it. So, like I said to my example earlier, it’s like finding a zoning, a really good zoning code, or some area that is poised for development, poised for, you know, gentrification or poised for expanding right. So you wanna find those areas and then you wanna go and buy properties and then you wanna create opportunities, whether that’s taking a single family dwelling to a triplex or a fourplex. Now you can do that within Ontario and pretty much any lot. Or, you know, if you’re in Ontario and you wanna, you know, do a new development, anything under 10 units now is exempt from site plan approval. I mean that’s a huge, a huge game changer. And if you couple that with, you know, mli, select financing through CMHC, which is a new program, there’s just a lot of opportunities for people, but they’re not found, they are created 100%.
Speaker 2
21:29
Now, if anyone’s watching, that’s not an investor or a land developer. Can you explain why that’s so helpful to avoid that step in the process? Yeah, so the site plan approval.
Speaker 3
21:39
I’ll speak to that first and foremost, and that’s basically a process that takes anywhere from. If a municipality is good and you’re in, your consulting team is good your architects, your engineers, everybody you might be able to get through site plan approval in six months. In my experience it’s usually closer to 18 or 24 months. So that basically means that from the time you submit your application to the city to say, hey, I wanna take this project from a single family dwelling or from a piece of land and I wanna create 10 units on it, you’re gonna add 24 months to your timeline just to get through that. That doesn’t give you a building permit, that just gives you, you know, your site plan approval. Now you’ve gotta go get a building permit and you actually have to build the thing. Well, basically what Ontario did with their new Bill 23 regulation was said okay, anything under 10 units doesn’t have to go through site plan approval. So I can basically buy a piece of land if it’s zoned properly and I can get the 10 units on there, I can go straight to a building permit. Well, imagine the savings of time and money of cutting out all those architects, engineers, everybody that doesn’t need to get involved in a site plan approval and then going straight to building permit.
22:44
And then couple that with you know CMHC’s new financing rules which basically, if you’re doing a purpose-built rental, then you can get up to 95% loan to cost on a new build.
22:56
You can amortize that loan over 50 years and you’re getting these incredible premiums, basically, or premium interest rates that you can pay. Like, we just secured one on our recent project. It was a five year term for 3.53%, a 10 year term for 3.93%, and this is commercial financing right. So this is really a bit of a game changer in this space, because a lot of people used to build and sell because that was the most profitable way to do it. But now there’s so many people that are building and renting and that’s really what the government of Ontario and the government of Canada was trying to do with these new rules and regulations was trying to incentivize more developers like myself rent units versus selling. So that’s what’s happening with those two programs. It doesn’t make any sense to sell anything right now. It makes sense to keep it in your portfolio for the long-term and rent it out as long as possible.
Speaker 2
23:51
No. Do you think that obviously we look at it from the perspective that it’s great to skip site blend approval? Do you think there’ll be any negative consequences to that as well, like putting things into a neighborhood where it doesn’t work, or like from a resources standpoint, like, do you think there’s any downside to that?
Speaker 3
24:11
Well, I mean, you still have to meet the building code requirements, right? So it’s like, okay, I can’t go and install a 10 unit building in a residential neighborhood if the zoning doesn’t allow for it, right? So you still have to go through that regulatory process, but you still need a two inch water line and a six inch sewer line if you’ve got a 10 unit building. So none of that really changes. What changes is, and it makes sense? I mean, on a lot of our projects they’re eight and 10 units. They look and feel like a single family dwelling almost. They’re same size and scope, like six or 7,000 square feet. Yeah, they’re probably bigger than your average hosts, but they’re not like these apartment building.
Speaker 2
24:52
You’re putting an apartment building in like.
Speaker 3
24:54
Exactly, and they don’t have underground parking. They don’t have, like, site plan approval is really to do with like, okay, where are the garbage trucks gonna come into this site? Where are these? All you know, where’s the fire trucks gonna enter and exit? Like that’s a bigger project. You have to figure out all that stuff. On a small project, 10 units and under it’s basically like operates like a single family dwelling. So it makes sense that they’re eliminating that. Plus, you know, what happens with site plan approval is the city of the municipality gets a say in what your building looks like, what it you know, kind of like the design, some of those other things. So I don’t think that the municipality should have any say in what a building looks like. Yeah, you know, if it’s like, let’s say, 10 years, it’s gonna be a small building, it’s not gonna be a massive thing. So that’s where it’s just, you know, cutting that regulatory process.
25:47
We need to get units to the market faster and that’s the issue. People complain all the time about real estate prices and rental rates going up. Well, it’s simple economics there’s not enough supply and there is way too much demand. How do you do that? You don’t raise interest rates, you don’t cripple the financial markets. You add more supply, and in order to do that, you have to approve projects faster and get them to market faster. If there was more than enough supply, what do you think happens? Demand drops and so do pricing and everything like that. So it’s economics 101. And if people don’t understand that? You know it’s a hard thing to try to convince people, but that’s why the real estate values are where they are. So it’s just not enough. There’s not enough supply.
Speaker 2
26:31
Yeah, Now obviously you’ve got like a healthy portfolio, Like what would your financial freedom number be? Like see what would be that pinnacle where you’re like, okay, I can maybe take a break or take a step back.
Speaker 3
26:44
I mean, it’s a good question and probably a question that I get asked a lot from my family, for instance, or like when is enough going to be enough? And the answer is not yet. You know, I think I have a number in my head, like you know, I think for a while for me it was like I was striving for like $5 million net worth, and you know I don’t want to sound pompous, but $5 million is not a lot of money anymore, right? I mean, people used to strive to be a millionaire. I’m like millionaire is almost the baseline now. You know. So for me, you know, I think there’s it’s less about net worth, I think, for me, and more about what is that? Annual or monthly income that I’m striving towards and passive income that I can then step back and say, okay, this really supports the lifestyle that I want to live. That’s the number that I’m striving for and you know, for me it’s there’s a lot of things that I’d like to add to my lifestyle and I’m trying to work towards that.
27:39
But I also love working. I think that’s the other thing, too that people are afraid to admit is that I enjoy work. I would be. I spent four months a year in Costa Rica in the winter and everyone’s like, oh, it must be nice to be on vacation. I’m like vacation, I’m like I just work from a better location, that’s all it is right. And so, yes, I take my time and I love spending time with my friends and my family and I love walking my dog and going to the gym and doing yoga and all those kinds of things. But I also would be bored out of my mind if all I did all day was like sit on the beach. I would not. I would not be a good person to be around if that’s what I was doing.
Speaker 2
28:13
So yeah, I think that you know everyone needs a sense of purpose, right? So I think, at the end of the day, investing gives you that, but it also gives you the flexibility and the freedom to work when you want, where you want and how you want, right?
Speaker 3
28:25
For sure, absolutely.
Speaker 2
28:27
Now, is there any particular quote that you find inspires you or motivates you?
Speaker 3
28:32
You know I’m not big on quotes, so that’s a good question. I don’t there’s anything in particular. I mean I always was. You know, I still am a sports fan, so I love the Wayne Gretzky quote.
28:45
I think it’s I’m going to paraphrase it and probably screw it up but he said you don’t want to. You don’t want to go where. You think that, where the puck is bent, or something like that. You want to go to where the puck is going to be, and I think that’s similar in real estate. Right? I think you don’t want to look at what’s happening right now in the marketplace. If you looked at what’s happening right now, people would be scared out of their minds and say, oh my gosh, like the world is going to crumble. Well, no, you have to look at what. What’s the market going to look like in 12 months or in 24 months? And you want to be ahead of the curve. You want to be setting the trends versus trying to adapt to them. You know and that’s that’s one of my favorite things about the real estate market is it’s it’s pretty predictable if you look at the data.
Speaker 2
29:26
Yeah, amazing. And so you have created other courses, specific land development, all of that, so I’m sure there could be people that want to get in touch. What is the easiest investment for anyone to get in contact with you?
Speaker 3
29:38
Yeah, it’s simple. I mean, there’s two things that I always encourage people to do. One is check out my YouTube channel. It’s YouTube, I think, slash Darren Voros. I’ve got, I think I think, 400 videos on my YouTube channel, something like that. I just surpassed a million views. It’s something that I put my heart and soul into and and and really don’t get a whole lot in return, but I love it. I love helping people. I get that all the time. It gets stopped on the street pretty regularly and be like hey, I love your videos, which is like so cool. The second thing they can do is check out my website, darrenvoroscom, and all my course information’s on there for all my development courses and everything else that I do.
Speaker 2
30:15
Okay, great. So we’ll leave all your information below and thank you for your time today. If you like what you’ve just seen, make sure you subscribe to watch future videos and you’re following along at inspired to invest podcast on social. I promise my voice will improve with future episodes. And remember invest in yourself. The sky’s the limit. Thanks for tuning in.
Speaker 1
30:38
Thanks again to our sponsor, dijon Properties, for bringing us this episode of the Inspired to Invest podcast. The views represented on this podcast are for general information only and does not constitute investment or other professional advice or an offering of securities. The hosting guests featured on Inspired to Invest make no representations as to the performance of any particular investment. Should you decide to make an investment, you are responsible for conducting your own review and analysis. It is recommended that you obtain independent legal, accounting and tax advice from licensed professionals.