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Derek Lobo is called the “Apartment Guru” because of his decades of speaking, writing, consulting, brokerage transactions, relationships, amortized knowledge, and industry wisdom. He is one of the most connected individuals in the apartment industry, living by his personal motto: always stay in traffic!
As a student of new apartment construction, student housing, and affordable housing, Derek has established a sterling reputation and industry credibility as an expert advisor in these fields. Derek’s keen insight and strategies have allowed him to broker some of the nation’s largest and most complex real estate transactions. He is currently the Broker of Record and CEO of SVN Rock Advisors Inc., Brokerage.
Derek emphasizes the immense potential of real estate investments, explaining how his personal journey has opened up new opportunities in this ever-changing industry. He urges early adopters to take advantage of their head start – it could be life-altering.
Derek believes that home ownership should be seen as an opportunity for growth and development, not simply a problem. He emphasizes the importance of educating yourself – plus your family members- on potential opportunities in order to reap long-term benefits early on.
Don’t miss your opportunity to make strides in the world of real estate investing with Derek as your guide! Unlock valuable tips and tricks on how you can achieve success today.
In This Episode
- Derek’s remarkable success story since childhood.
- The power of real estate investing.
- Strategies to start early in the industry.
- Derek’s piece of advice to multiply your wealth.
Welcome to another episode of Wealth Strategy Secrets. We’ve got another great show for you today. Today, we’re joined by Derek Lobo. Derek is called the “Apartment Guru” because of his decades of speaking, writing, consulting, brokerage transactions, and industry wisdom. He’s one of the most connected individuals in the apartment industry, living by his motto: “Always stay in traffic.”
As a student of new apartment construction, student housing, and affordable housing, Derek has established a sterling reputation and industry credibility as an expert adviser in these fields. To date, he’s authored 18 books and is the visionary behind the Apartment University online learning portal.
Firmly established as a thought leader, Derek’s unwavering mission is to impact one of the world’s greatest challenges: the lack of rental housing. He’s leveraged his advisory expertise into his apartment development, full-service experience, and brokerage firm, which continues to serve landowners, financiers, developers, and apartment building owners. Currently, Derek is the broker of record and CEO of SVN Rock Advisors Brokerage. Derek, my friend, it’s so good to have you on the show. I know the audience is going to love this one. This is going to be different.
Yes. But I shoot from the heart.
For sure. I learned something new. It’s always great to be able to speak the same language as someone, but I learned something new we have the same blood type, coming from the Strategic Coach 10x program. So I love it, and I think folks are gonna learn a lot.
The mission that you’re on, and the problem that you’re trying to solve, are inspiring. It has a lot of impact and is really at the core of our listeners and our show because it’s all about financial engineering and innovation as entrepreneurs trying to come up with creative solutions. Tell us a little bit about your background, Derek, and how this passion, this epiphany, started for you.
As a background, first, I’m an immigrant to North America, like many people. I wasn’t born here. Most people like you, Dave, were born in the United States, right?
Right.
You were born once. I was born twice. When I came to the new world, I was reborn. A whole new world appeared. I spent my life growing up as a regular teenager. I was 8 years old when I moved here, so I was a little bit formed in the old world but fully formed in the new world.
I got into the business by profession. I worked in the steel industry as a metallurgist, but I started realizing, “Oh my gosh, all my fellow steelworkers had lots of money.” I syndicated some limited partnerships, started buying apartment buildings, and then I got into the apartment business. I realized, “This is the biggest industry I’ve ever seen in the world.” Yet, there aren’t very many professionals in it.
I studied the industry and became a consultant in the apartment industry. And then, after being a consultant, I realized, “I can do transactions. I know everybody.” So, I became a broker. But at my core, I’m a consultant who happens to do brokerage.
Then I started thinking—this came from the Strategic Coach program we’re in and also a course called Abundance 360 by Peter Diamandis. During COVID, I was watching one of his presentations, and he said, “Think about doing a moonshot.” You know what a moonshot is?
In 1961, Kennedy said, “We’re going to land a man on the moon,” but he didn’t know how we were going to do it. So, I thought, “I’m going to take up that challenge. I’ve got nothing else to do. It’s the middle of COVID. I’m sitting at home.”
A moonshot has three components:
- There has to be a huge problem. This isn’t about having leaves in my gutters in the fall. This is a big problem.
- It needs a radical solution because if it’s a simple solution, someone’s already figured it out.
- It needs to go fast, and for that, you need technology to make it exponentially scalable.
I looked at the biggest problems in the world—climate change, food shortages, inequality—and realized I couldn’t do anything about them. But we have a significant housing problem, specifically an affordability issue for young people, middle-aged people, and older people. There’s also a rental housing problem, where rents need to be affordable. You can’t just build palaces in the sky—you have to build middle-class rental housing.
I thought, “That’s the problem.” I said to myself, “I’m going to solve the affordable housing crisis in the world,” even without knowing exactly how to do it. And then I added to it, “I’ll also address homelessness.” Homelessness is one-third of mental health challenges, one-third of drug challenges, but also one-third of financial. Part of that can be solved, but really, what I’m talking about is housing affordability.
Affordable housing has two sides. On one side, how can parents afford to help their children buy a house? Every parent laments that. On the other side, about 30 to 40 percent of North Americans are renters. How do we produce more supply so they can have affordable housing?
The answer became: it has to be bigger, faster, cheaper, and easier. We’re not waiting for the government to solve the problem. Government legislation and zoning have caused the problem—it takes forever to get things approved.
Then the third part: we need to make this happen quickly, so technology and a learning portal are key. That’s when the idea for the book title came to me, and it’s called The Self-Funding House. I wrote the book, and when I told people the title, they didn’t know exactly what it meant, but it resonated with them. It’s about revitalizing the dream of homeownership.
We got this idea: what if people could buy houses that self-funded? There were four principles involved. This is the “Uberization” of your house. Think about Uber. You have a car, but it sits in your driveway 23 hours a day. What if that car could be used for something else? Now, you can buy a better car, or even have someone else drive your car. The shared economy plays into the thinking of the self-funding house. Makes sense?
Yep.
Dave, we’re taught linear growth in our lives. You know, “Hey Dave, make your business 10% better, 20% better, 30% better,” and work hard. But who ever thought about making it 100 times better or 1,000 times better? Jeff Bezos did. So did Bill Gates.
I started thinking: let me bring the shared economy, exponential growth, and something like education—Coursera is the largest online university in the world, and then there’s Mindvalley and MasterClass. What if we could teach people something that many people could do, which brings in the exponential part?
The shared economy idea applied to housing, right? Those are the principles I was working with. And then, as I reflected on it, I remembered the very first house I bought when I was in my twenties—I couldn’t afford to buy it outright. So, I triplexed it.
The income from those other two units allowed me to buy a bigger, better house in a better neighborhood than I could have ever afforded on my steelworker income. So, I did that, and I’ll share some stories about that later on, maybe during the Q&A.
It was incredible. My upstairs tenant ended up marrying my downstairs tenant. I went to their wedding, and they came to mine. I even interviewed my first tenant for the book, and she shared some surprising insights about why she rented from me, how our interactions impacted her, and what they meant to her. She’s become a friend, and we’ve stayed in touch over the years.
I had around 10 tenants over 3 or 4 years, and I would be happy to meet any of them today. If I saw them in the street, I’d be glad to shake their hand. It’s funny because the number one fear people have about owning rental properties is dealing with tenants. I’m going to address that head-on. That’s how the self-funding house idea came to life. It answers the question: How do my children afford a house? The answer is to become a landlord.
The second point I make in the book is that your first house is also your first business. The skills I learned in my early twenties—buying that house and converting it into a triplex—are the same skills that have gotten me to where I am today, as an entrepreneur, a business owner with employees, and so on. It was foundational for me.
I wrote the book a bit like The Wealthy Barber or The E-Myth by Michael Gerber. In those books, they tell a story and sprinkle in business advice throughout. In my case, only about 5% or 10% of the book is my personal story—buying the house, living there, selling it. The rest focuses on the bigger picture.
What I want to do is inspire children, their parents, and maybe even their grandparents to rethink homeownership. When I bought my first house, it was about three times my income. Today, to buy a house, it’s about 10 to 15 times your income. That’s tough, but it’s the reality.
I don’t think we’ll ever see a house-to-income ratio of 3 again. So, the way to buy a house today is to find additional income through something like an accessory dwelling unit (ADU). This could be a basement apartment, a backyard apartment, a laneway apartment, or even a garage apartment.
Florida and California are both on board with accessory dwelling units now. In 2016, only 1,000 were built. Last year, that number rose to 24,000. When you think about it from an environmental perspective, we’re not adding new streets or cutting down trees. It’s a gentle intensification of existing spaces. And cities are changing zoning requirements, allowing these kinds of units to be built legally and properly.
I’m naturally a free-market person. I don’t want the government interfering in my life. But everyone expects the government to solve the housing problem—do you think they’ll solve it efficiently and cheaply? No, it’s going to cost 10 times what it would cost if it were left to the private sector.
But what if the ordinary person said, “Wait a minute. I want my son or daughter to own a house, but they don’t have the money to buy one.” If they have some equity in their home, they could lend it to them, or be on the title or mortgage. This way, the next generation gets a foot in the game.
Part of the housing issue is that if you haven’t been in the game, it’s hard to get in. But if you got in 10 years ago and even bought the wrong house at the wrong price, you’ve still likely done well.
Just getting a foothold in the game is important. And you can get that foothold by buying a house today. Now, I don’t know if housing prices are going to drop or go up— we’re living in uncertain times. But I can tell you, over the long run, we all know it’s going to be good.
The price of houses may go up and down with interest rates, but ultimately, when adjusted for inflation, housing prices have always done well. As a financial planner, you know that a house is the foundation of so many people’s financial stability and wealth.
That’s why I wrote a book called The Self-Funding House. The book delivers one main message to one reader: You need a mindset shift about how you think about housing. You need to become a landlord, and your first house is your first business.
You also need to write a business plan for buying that house. After reading the book, you’re not ready to buy a house yet—you’re ready to write a business plan.
The first book is The Self-Funding House. The second book, which we’re writing right now, is called The Blueprint for the Self-Funding House. That’s the business plan, the checklist, the blueprint—the how-to guide. But the how-to doesn’t matter if your mindset isn’t right. You see what I mean?
Then, book number three, which will come out at the end of the year, is focused on the stakeholders of the self-funding house. These are politicians, lenders, planners—because a lot of things need to change, like how lenders approach lending on houses. Many jurisdictions are now allowing gentle density, and that’s a good thing.
I believe governments, in most cases, need to get out of the way and let people solve problems. Everyone needs to win here. If you think about it, imagine a single-family home on a decent-sized lot. There’s enough parking, all the infrastructure is already in place. Who wins?
Depending on the age, the environment wins. This approach is environmentally friendly— we’re not cutting down forests or chopping down trees. Most of what’s needed is already there. It might cost $50,000 to $150,000 to create an additional housing unit.
Who else wins? The government. Because now, I’m paying taxes on a duplex instead of a single-family home. So, if my taxes were $10,000 a year, they might go up to $13,000 a year. It’s a net positive for the taxpayer. So, we’re not asking the government to get involved, other than stepping back on zoning and creating the right environment.
This approach is a net positive for the municipality. Who else wins? Renters. Because if I’m going to build a 30-story tower, I’ll need to charge $2,000, $3,000, $4,000, or $5,000 in rent just to make it work, and it’s going to take 5 or 10 years.
If I’m going to build an accessory dwelling unit, a laneway apartment, or a garage apartment, it could take me three or four months. And my rent is going to be $1,500. So, I’m creating the opportunity for homeownership—I’m creating opportunities for you.
You’re creating, right? The opportunity for homeownership, the chance to create affordable rental housing, gentle density that’s safe for the environment, and it generates revenue for the municipality. That’s the story in a nutshell.
Wow, that’s excellent, Derek. I know that’s going to resonate with so many of our listeners, just as it does with me because I’ve got four kids in their twenties right now. I’d like to share this story because I think it’s really powerful. A few things you pointed out are so key and are at the foundation of our wealth strategy. It all starts with mindset and understanding what’s possible—letting go of conventional wisdom and limiting beliefs so you can look at things with a new lens.
For example, my oldest daughter graduated from college and started setting up a whole life insurance policy and infinite banking practice. She was putting money away during high school, saving up. Then, she used that to borrow against and make her down payment on her first property, which she bought in Knoxville, Tennessee—a great growth market.
She moved in with her boyfriend—now fiancé—and they did a bunch of renovations over the year, building up a substantial amount of equity. Now, she’s moved into her second house and is renting out the first one, cash flowing $1,200 a month. She’s got passive income and tax breaks—it’s huge!
But my other kids are trying to figure out the same thing. They face exactly the challenge you talked about—they don’t have strong jobs or a background that would allow them to get a traditional mortgage. That’s a challenge. They also don’t have enough income to buy in the neighborhoods they want to be in.
I love your concept of thinking about real estate as a business. The world of personal finance and education is lacking in so many ways, but when you start thinking about things from a business finance perspective—understanding financial statements, balance sheets, and how to drive marketing—you begin to see it differently. You need to attract tenants, and that’s part of the business. You said you have triplets, right?
Yes, that’s right!
What a blessing! Now, let’s say your triplets are in their twenties and, together, they buy a triplex. Do you see my point?
That would require a small check to help them, but fair enough? Now they’re in the game!
Exactly. That’s the key—you need to be in the game. The earlier you get in, the better off you’ll be.
Here’s another point I don’t know if I mentioned earlier: Let’s say I can afford a $1,000,000 mortgage. If I then have $1,500 in income from an accessory dwelling unit, which might cost $100,000 to build, that $1,500 could support $200,000 to $300,000 worth of debt. So, maybe now I could buy a $1,300,000 house—or whatever that number is.
The point is, we’re typically told to buy a townhouse, then a small house, and then a final house. That means you’re making three trades, paying three sets of real estate fees, etc. What if you bought a house that was flexible? What if you bought your final house now, but partitioned it?
In my case, I bought a triplex. There was a basement apartment where I lived when I was single. Then there was a large ground-floor apartment with a patio and a deck, and then there was a top-floor apartment that was smaller. I moved into the basement apartment. I rented out the middle apartment and the second apartment. I had enough revenue to cover the mortgage and taxes. The rest, my portion, went straight into my down payment, and I paid off that house quickly, relatively speaking.
Maybe you can’t do that today, but maybe you can at least break even with a triplex. But the key is you’re still in the game. Right? And that’s where it gets interesting. Sorry, did you want to ask something, Dave?
No, I was just going to add another point. I don’t want to take you off track here, but we’re talking about, well, my kids are 22, right? They’re out of school and trying to figure out the house situation. A great application for this concept is college students.
Why pay the university for student housing when you can go in and set up a similar arrangement? Prices for student housing are so high. You can go in, knowing that there are other roommates, and start early. You can turn it into a business, and get additional tax benefits. And even if mom and dad help out, some of the expenses can become tax-deductible.
Exactly. Mom and Dad are already helping with tuition, right? And now, some of the housing expenses become deductible. And just think about the lessons your children will learn from that experience. Dave, maybe I’ll write a book called The Self-Funding House for College Students. It’s a different scenario because of the roommates, right? But, yeah, it’s such a great opportunity.
Let’s go back to your 22-year-old your 25-year-old, or even your 35-year-old who’s still living with you, which is also not uncommon today, right? Let’s say I’m a 24-year-old guy living in a house, living in the basement. I met my girlfriend, who later became my wife, and I came with a triplex—that’s my life.
I got married to Celia, and she moved into the triplex. We had kids there and so on. But here’s the interesting thought: had I not bought the triplex and married Celia, when we went to buy a house together, she wouldn’t have let me duplex or triplex it. She was scared of tenants, which is a natural fear to have. But she married me, and the tenants became our friends. They babysat our children, and the upstairs tenant married the downstairs tenant. So many good things happened from there.
I even interviewed one of the tenants for my book. Even though it wasn’t the greatest idea to have her live in the basement initially, we eventually moved to the middle floor. We had our first child, then a second, and then a third. I took over the top floor. The tenants didn’t own my business—I turned the basement apartment, which had a separate entrance, into my office. As we had more kids, the business grew. I eventually moved out and rented office space.
But do you see the flexibility of the situation? Eventually, I sold the house, and I wish I hadn’t. Because as my children grew up and moved out, I could have rented it again and had additional income. Or better yet, my married kids could have lived in one of the units. How great would that have been? My grandchildren could have lived upstairs or downstairs. We’d have only one vacuum cleaner to manage, and one yard to mow—way easier than having kids live next door because then you’d still need to care for two lawns, two furnaces, two roofs, etc.
Intergenerational living has always been around. Your grandparents did it, right? So this isn’t a new concept. We’re just trying to make you rethink housing, intergenerational living, multi-units, and gentle density. And the byproduct of that is so many benefits.
Yes, absolutely. So true, Derek. Does your strategy have any specifics? Could we dive into some specifics about what people are facing? For example, with debt—if kids are coming out of college, they don’t always have the track record to get a mortgage. So how can they approach this? Could they go to a lender and say, “We’re going to create a business, it’s going to be a triplex”? Are lenders likely to give funding to a 22-year-old?
These are some of the challenges I think people face. Yes, they are valid points. I’m not saying this happens just by reading a book or having a mind shift. But if I’m starting a business, I’m going to write a business plan. And if I’m going to a lender, I need to show them that plan.
Exactly. You also need to show your source of the down payment. Maybe you ask five people you know to lend you $10,000 each. That’s what I did when I bought my first home. I borrowed from my brothers and sisters. The interest accrued, and I paid them back as soon as I could. And they were my younger brothers and sisters, by the way.
Let’s address the down payment challenge separately. And here’s the thing: I didn’t view this as a one-month journey. I viewed it as a 25-year journey. That’s why I wrote the third book—specifically for politicians and lenders.
Once you change the culture, a lot of things will change quickly. But the first step is changing the culture. So when a client at the bank says, “You don’t have a program for my son,” and another bank does, that’s when the shift begins.
Do you see my point? Part of my mission with this book is to send it to politicians and boards of directors at banks, saying, “Look, here’s a way to solve so many issues all at once.” So, I believe it’s going to be impactful. The ideal way is to buy a $100,000 house, put down $25,000, and take on $75,000 in debt. Off you go, right? Or perhaps a larger amount, depending on the situation.
But I think you’re going to face some challenges with younger people. You may not be able to do it right now, but if you have that vision and goal, you’ll get there. You’ll find a way to come up with the money. In my case, I borrowed money for my down payment, and a lot of it was paper money—that was a long time ago, and you could do that back then.
I can see a bright young person approaching me and saying, “Derek, here’s the neighborhood I want to buy a house in. I’ve done my homework. Here’s the house that’s up for sale right now. If you lend me $100,000, I’ll give you this return in five years, and I’ll be on title.”
You know what? I might do that deal. We’re talking about alternative investments. It’s about investing in your child’s or your nephew’s or niece’s success. It’s not just about following a formula. Everyone’s situation is different. But I don’t think you can even start down this road unless you have the vision and the idea to make it happen.
That’s what this first book is about. The second book is the how-to book. We’re writing it right now, and it includes a business plan. There are Excel spreadsheets showing you how much rent you can collect, how much money you can borrow, what you can afford, and so on.
Your income and expenses are all laid out. None of the math is hard, but we need to make it easy for people to understand. But nothing happens without a thought first, right? And that’s what this book is designed to inspire—getting people to think.
I completely agree with that, Derek. The mindset is key at the beginning. If you can’t rethink homeownership, if you can’t see this as a solution, then you’ll never take action. You’ll never get off the dime.
I’ve already seen this with one of my sons. He’s just writing that rent check every month. It’s fine if you own the building, but when you’re on the other side, paying rent, you’re not building equity. Maybe that’s something I should include in my next book. Getting a rent check is much nicer than writing a rent check.
It’s really powerful for people to look at this as a business and rethink what homeownership truly is. It’s a massive problem, especially in America, where we still have this perception of homeownership—white picket fences, the 30-year mortgage, and paying it off over time.
But things are changing. You’re putting together a great concept to solve a big problem and help people. I think you’re on the right track. As you said, it’s a 25-year journey. Whether your kids are in college, in their twenties, starting families, or having grandchildren, there’s an entry point for everyone along the way.
I’d like to add that many of our investors are accredited investors. They have the opportunity to invest in larger deals, like commercial properties, and things like that.
But they have kids they’re trying to help. And if you’re not accredited yet, this is an excellent way to build up your balance sheet and track record as a business person to become accredited. And I think it would be so much fun to do this with your child.
Yes, exactly. As your children grow up, their time becomes harder to get, right? And I think the idea of intergenerational living appeals to me. There are so many benefits to this approach.
And there’s another component to this that we’ve been practicing for the past 10 years, which has had an amazing impact on my life and my family’s: creating a rental property where you vacation.
Of course! If you create a rental property in a place where you like to vacation, you’re bringing your family there. You’re teaching them about the business. They can get involved with renovations, marketing, finding renters, and things like that. This way, they learn about the business and how it works. And, of course, you get some nice tax benefits. You get income to help offset the cost of your vacation. And you can even expand this further into things like boats.
For sure. A boat is an Airbnb on the water.
Yes! It’s the shared economy—what we call the “Uberization” of housing.
Yes, it’s super enlightening, and I love the idea of house hacking. With real estate, I think it’s one of the few assets where you can get creative, right? You can structure things in a way that truly supports your goals. If you’re trying to make something work, you can affect the outcome.
With stocks, like buying Google shares, there’s nothing you can do to affect the outcome. You’re just riding the market. But here, with real estate, you can make changes that have an immediate effect on the outcome.
Right, and in addition to all the other great things about real estate—like leverage, amortization, and tax efficiency—you also have renters helping to pay down your loan.
There are about 10 chapters in the book. Chapter 8 is about the fear of tenants. I address this head-on. By the way, the book is available at theselfundinghousebook.com. It’ll also be on Amazon for $20, so it’s not an expensive book.
I think the biggest issue people face is fear. People naturally have fears, but many of these fears are unfounded. If you’re careful with tenant selection, you’re going to get people who are a delight to live with.
Let me share my number one tenant selection tip. If I owned 100 units across town, and I rented an apartment to a guy, and after he moved in, I find out he has a dog and is smoking hashish, that’s a problem. But if he’s living in my backyard, that’s a much bigger problem. Makes sense?
Right, exactly.
One of the things I learned over the years is to always do credit checks, landlord checks, and reference checks. But I also go a step further—I visit them where they live right now. That’s where the rubber hits the road.
I’ll drive to their current residence because if I’m renting to someone locally, I’m going to try to find someone through my church or word-of-mouth. But I’m also going to visit them where they live. How they’re living right now will tell me a ton about them. It’s important not to skip that step. Later on, when I had more units, I started skipping that step, but I didn’t recommend it.
I had the occasional not-so-great tenant, but the only problem I ever had was with a guy I never met in person. I only interviewed him over the phone, which is not the right thing to do. When you own thousands of units, sure, let someone else handle it. But when it’s your private residence, yeah, you need to be more involved.
I wanted to address that because people are immediately going to be concerned about it. But with proper checking, you won’t face those issues. I remember once, my tenant upstairs called and said, “Hey, it’s Kelly upstairs. What are you cooking? That smells delicious.” That’s not a bad call to get from your tenants!
And when it comes to student housing or tenants in their twenties, they usually have a group of friends all looking for a place, so they already have potential tenants ready to go. It’s culturally a good fit. If you’re buying a house with your child for college, make sure they have the constitution for it. There may be situations where one of their friends can’t pay rent—what do you do then? Make sure they’re prepared and educated because it teaches them important life skills that will carry them through.
Derek, do you have any advice on markets that work better than others?
I would suggest visualizing yourself 10 or 20 years from now. When you buy a house, it’s like building with LEGO blocks over time. You might rent out some parts of it, but eventually, you might want to take over the entire place. So think ahead. If you plan to get married and have a family, your needs will be different from someone who plans to stay single and live in a trendy neighborhood.
I projected out for myself—I wasn’t dating anyone at the time, but I figured I’d get married and have kids. So I chose a good neighborhood, close to the YMCA, public library, and other facilities. In hindsight, that was an important factor in the value of that first house. I wish I never sold it because my kids could have lived there when they got married, or maybe even my grandchildren could have lived there one day. It’s important to think long-term when buying a home.
If you could give one piece of advice to our listeners about how they could multiply their wealth, what would it be?
Your home is your foundation. Once you pay it off, you can borrow against it. So for people who are geographically settled, I’d recommend choosing an area you want to live in and becoming an expert in that area.
When the perfect house comes up, you’ll recognize it. You might even be willing to pay full price because it’s ideal for the long term—easy to rent out, space for an ADU in the backyard, or a wide enough driveway. It’s not about getting the best deal—it’s about finding the right house for the future.
Writing a business plan is important, especially for something as big as buying a house. I’ve found that some people spend more time shopping for a pair of shoes than for their home. Know the market, and have a plan, and when the right house comes up, you’ll know it.
In 2023, there may be great opportunities as the market softens. Go to open houses every Sunday afternoon. No two houses are the same—they’re not commodities. You won’t know until you see it.
Great advice, Derek! I’m sure this will help people rethink things at different stages of their journey, whether it’s for their kids or themselves. Can you give out the URL again and any other places people can find you?
Sure! The website is theselfundinghouse.com, and our corporate page is rockadvisorsinc.com, where we also offer brokerage and consulting services for apartments.
Thanks so much for sharing your time and valuable information today, Derek. Enjoyed it.
Thank you.