Updates from Richard Brisson
Hi Everyone,
Hope you’re enjoying the summer! Here’s what I’ve been up to this month:
PACK YOUR PATIENCE ON GUNN STREET
Renovating properties has it’s challenges. We faced some unforeseen issues with the Gunn Street triplex—from the electrical and plumbing systems needing to be completely updated to painting chipping away because of prior substandard workmanship, you name it we face it. It taught me to pack my patience and expect the unexpected. Despite the challenges, seeing the transformation is worth it. Patience truly pays off!
PROFIT POTENTIAL OF TRIPLEX CONVERSIONS ( DUNLOP )
One of the best parts of triplex conversions is the potential profit. For example, we bought the Dunlop Street property for $600,000, looking to invest $200,00 renovations and carrying cost. We’re planning to list it for $1,100,000 with a potential gross profit of $300,000 less expenses… awesome project and looking to line up more like the Dunlop triplex conversion. This reinforces the importance of following our plan and buying the right property.
FLIP OR HOLD?
With triplex conversions, we have options. We can flip the property for a quick profit or hold onto it for long-term gains. For the 9 Gunn Street project, we’re planning to sell it once it’s done to roll the funds into another project. But we have two options with the 223 Dunlop Street conversion, ( flip or hold )as we always evaluate which strategy aligns best with ours and our clients’ goals.
PERSONAL UPDATES
On a personal note, I’m looking forward to Canada Day. Pitching in on projects and helping the team paint our latest triplex and enjoying a nice steak dinner. Can’t forget to spend some quality time with my puppy, Chewie. She’s full of energy and always keeps me busy. Check out her picture in this newsletter!
Best,
Richard
**Canada Day: Celebrating Unity and Diversity**
Canada Day, celebrated on July 1st, marks the anniversary of Canada’s confederation in 1867, when New Brunswick, Nova Scotia, and the Province of Canada united to form a single Dominion. Originally called Dominion Day, it was renamed in 1982 following the patriation of the Canadian Constitution.
The day is celebrated with various festivities across the nation. In Ottawa, Parliament Hill hosts live music, cultural performances, and a grand fireworks display. Communities nationwide enjoy parades, concerts, and communal events, reflecting national pride and unity.
Symbols of Canada Day include the Canadian flag, the maple leaf, and red-and-white color themes. Canadians show their patriotism through these symbols and traditional activities such as barbecues, picnics, and outdoor games.
Canada Day is also a time for reflection on the nation’s history and future. It acknowledges Indigenous contributions and the ongoing journey towards reconciliation and inclusivity.
Ultimately, Canada Day is a celebration of the nation’s unity, cultural diversity, and shared values, honoring its history while looking forward to a future built on respect and understanding.
QUOTE OF THE MONTH
A LAUGH OR TWO FOR GOOD MEASURE
HELPFUL LIFE HACK #1
HELPFUL LIFE HACK #2
WHY INVEST IN REAL ESTATE?
Community Impact
Local Development: Real estate investors often contribute to community development and improvement, enhancing neighborhoods and providing quality housing or commercial spaces.
ABOUT RICHARD BRISSON
RichardBrisson.ca is a real estate investment company. We have been actively involved in Barrie, Ontario and surrounding area with our real estate investing. Our mission is to provide quality housing for quality tenants, while at the same time providing an above average return on investment (R.O.I) for our investor partners and ourselves. It is truly a win-win-win way of investing!
Richard offers his investor partners hands-free investment opportunities. If you are interested to learn how to earn an above-average return on your investment, backed by a solid asset, and without the hassle of being a landlord, please contact Richard.
For more information about Richard and his investment program, you may call (705) 321-2148 or email him at invest@richardbrisson.ca or visit https://richardbrisson.ca/.
