Speaking of cash flow we have Ryan Carr of RW Carr Investments as this week’s guest talking about highest and best use and being creative in real estate. How he groups his real estate investments into buy, renovate and hold, short term renos/developments and flips, and longer term projects including a waterfront 14 unit multifamily he renovated that went hundreds of thousands of dollars over budget… how did it work out? You’ll have to listen to find out.
Plus for the first time, Ryan talks about the passing of his real estate coach Stefan Aarnio.
I think most of you should already know Ryan, he’s been on this podcast more than anyone else and he’s always up to something big whether its writing articles about how to increase cash flow by renting out sheds, vertical splitting of a duplex, tiny homes, etc…
If you don’t know Ryan you will soon as he up to big things that I’m sworn to secrecy but here in the interview is what we can share :)
I give you Ryan Carr
Meet Michael Bugg, he’s young father, husband and just recently a full time real estate investor out of Saskatoon, Saskatchewan. He began buying properties in 2010, specifically new construction and his investing has evolved into small apartment buildings.
In July 2018, Michael hung up the stethoscope and quit his job as a veterinarian.
On this episode, Michael shares his journey to now owning a couple apartment buildings and how he lost money stock hacking during the covid crash and the shocking returns he’s achieved since then.
I give you Michael Bugg
On to this week's guest, Monica Lee who is like family, she is Cherry’s BFF, godmother to our most prized assets, our son and daughter. Monica and husband Rich are both second generation Canadians, their parents immigrated to Canada from Korea with not much in search for a brighter future for their kids. Rich and Monica both became lawyers who eventually quit law and six figure salaries to be full time real estate investors.
Monica invests in cottages for short term rentals, a couple commercial retail properties, they develop and build houses, she stock hacks for six figures all the while being a mom to three great young kids.
Just wait till you hear the story about how someone told Monica’s oldest son she would fail and give up as a stock hacker. Her response is pretty epic.
I present to you, Monica Lee.
To follow Monica…. She doesn’t do social media nor have a website.
In planning on a future without his wife Kaitlin and mother to one year old son Kingston, Ken Beckendam made the decision to quit his job and double down on his efforts to build his real estate investing business. At the time, half his income was coming from Ken’s investment properties plus the need to build towards the flexibility of schedule being an entrepreneur as Ken is now a single father and financial freedom that comes with being a successful real estate investor.
Ken is a renovation expert both for his own portfolio and for clients, especially in adding legal, income generating suites and additions to existing properties and like many high level real estate investors, he’s raising private mortgages so you’ll want to pay attention to that part.
I don’t want to spoil too much so I’ll let Ken tell you his story. I give you Ken Beckendam.