06 Jul CREPN #99 – Buy and Hold Investing with Jesse Fragale
Buy and Hold Investing is the standard for most Canadian real estate investors. [x_audio_embed][/x_audio_embed] Jesse Fragale bought his first rental when he was at college. Recognizing a good thing, he grew his student housing portfolio with multiple single family and condo rentals. You might think student housing equals keg parties and irresponsible tenants. While this may be true, it was a guaranteed way to push market rents in a rent controlled market. Jesse is a Commercial Real Estate broker in Toronto, where the rent control policy caps rent growth to a maximum of 1.8%. The only time a landlord can increase rent by more is after a tenant moves out, which is frequent in student housing.