This week's episode features Alex J Wilson, President and Founder of Wealth Builders Real Estate Broker Owner, who shares his insights on real estate investing. Alex emphasizes the importance of buying and holding real estate for the long term, rather than seeking quick profits. He goes over the best amortizing period for maximum ROI, and encourages listeners to think long-term and consider the potential value of their real estate portfolio in the decades to come.Alex J Wilson, RE/MAX #1 Realtor 2022, Wealth Builder, and Owner and Broker of records for RE/MAX Wealth Builders. Alex has been selling real estate in Toronto for over 15 years. In 2022 he was recognized as the number one RE/MAX agent in Canada for individual transactions. He is also number four for commissions in Canada and eleven for commissions worldwide for RE/MAX. As an individual, he was inducted into the RE/MAX Hall of Fame Award of the RE/MAX Lifetime Achievement Award at 35 and entered the RE/MAX Circle Legends Award at 40. Alex is passionate about helping people build generational wealth through the power of real estate.

What we discuss:[00:03:03] Alex emphasizes the importance of holding onto real estate investments for at least 30 years to maximize returns and avoid losing money.

[00:04:28] Alex explains how leveraging mortgages and compound annual growth can lead to significant wealth accumulation in real estate investments over time.

[00:07:50] Alex explains how owning real estate can help build a pension plan, using leverage and long-term investment strategies.

[00:09:00] Shannon and Tamara Stone discuss the stability of real estate investments, citing population growth and low vacancy rates as factors.

[00:13:33] Alex discusses the potential for real estate investment in Calgary, citing its affordability, strong economy, and diversification efforts. He also addresses concerns about the city's boom and bust cycles and vacancy rates.

[00:16:20] Alex discusses the statistical demographic data for population growth in Alberta, which is expected to grow by 48% over the next two decades.

[00:17:42] Shannon and Tamara Stone talk about the affordability and economic growth in Calgary, including the low corporate tax rate, no provincial sales tax, and no land transfer tax.

[00:22:49] Alex predicts that Calgary will take an outsized role in taking in new Canadians due to its affordability and international airport, leading to a true multinational and multi-ethnic city in Canada.

[00:24:14] Discussion on the challenges of managing tenants, particularly with a large portfolio, and the benefits of owning condos over single-family homes.

[00:29:09] Advice on the ideal size of condos to invest in, depending on the market, and the importance of having a second bedroom or den for remote work.

[00:31:51] Insight into the Calgary real estate market, its affordability, and potential for growth, as well as advice on buying property for children and investing in multiplexes.

[00:31:50] Shannon and Tamara discuss the importance of networking in the real estate industry.

[00:32:10] The speakers talk about the challenges faced by real estate agents, including the need to constantly generate leads.

Episode Resources:Alex J Wilson | WebsiteAlex J Wilson | LinkedinAlex J Wilson | YoutubeAlex J Wilson | Instagram