Elizabeth Kelly

Elizabeth Kelly bought her first investment property in 2005 – a 2-bedroom condo in Newmarket, Ontario. It seemed really easy, so she bought another one. Next, she and her husband Emmett started buying run-down single-family homes and converting them to duplexes because they found the cash flow was even better. Their next purchase was an 8-bedroom licensed student rooming house in Barrie, Ontario. They now owned and managed 19 doors! Like many new investors, she thought, “The cash flow is amazing, how could things go wrong?!”

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In 2008, Elizabeth took the Rich Dad Poor Dad real estate courses with Emmett; it was then they realized they had made a grave error. They now owned some properties that were no longer cash flowing (thanks to a special assessment on their condo properties) and they had no exit strategy planned for any of these properties. Determined to turn things around, Elizabeth and Emmett began talking to their current tenants about the prospect of renting to own the property they lived in. This further increased cash flow on some of the properties, allowing them to cover the losses on the others until they slowly sold them off. But by then it was too late, they were hooked! Emmett was on a mission to find apartment buildings and Elizabeth loved the way she could help families buy homes using the Rent to Own strategy.

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Over the years Elizabeth and Emmett, along with their Joint Venture partners, became full-time investors with hundreds of doors in their personal portfolio. They have successfully flipped, wholesaled, duplexed, renovated, and re-financed dozens of properties.