On to this week’s show!
We have Matt Biggley who is doing some very profitable investing in the Windsor, Ontario area now with a portfolio of 31 doors and some waterfront small developments and luxury short term rentals. Key to Matt’s journey are successful partnerships so we spend some time on how to identify strategic, long term partners.
Matt Biggley describes himself as a lucky husband; a girl Dad from a family of all boys; a reluctant renovator who once had a chance at an HGTV show; a History teacher once named the Best Teacher in Ontario, but who couldn’t remember names and dates; a top Windsor-Essex based realtor who got his license as a side hustle but has quickly become a top earning agent; and an experienced investor with an Airbnb and 31 long term rental units, who hates flips but is still dumb enough to occasionally do them anyway.
Despite telling his wife prior to getting married that he didn’t like renovating, he once lived in 6 “forever” homes (aka “fornever homes”) in 8 years, taking on massive renovations, which his wife Leslie documented on her way to amassing almost 60,000 Instagram followers and appearing in Better Homes and Gardens magazine, the Toronto Star and on many top design sites.
Matt is a big believer in the power of partnerships, scaling to a 31 door portfolio with his brilliant partner Kyle Pearce and their company North Shore Properties. In 2021, he was invited by Doris Lapico, a renowned Windsor Realtor, to partner in the creation of The Real Group, a real estate team that has quickly became one of the top teams in the region.
Matt loves to learn, a little too much sometimes; his favourite book is called "Getting Things Done" and he prefers podcasts to the radio in the car, which his family finds incredibly boring. In light of of grieving his youngest brother Ben’s suicide during the pandemic, Matt has awoken a renewed gratitude for life, a passion for self-improvment, and a determination to provide his family with the best life possible.
Instagram: mattlovesrealestate
Website: www.therealgroup.ca
Podcast: www.investedteacher.com
On to this week’s show!
This week we have Matthew Varga who together with his wife Nikole have several six figure ventures: a YouTube Channel HealthNut Nutrition Inc. with almost 1,000,000 subscribers for which they generate ad revenue, show sponsorships, and an engaged audience to market their ecommerce store towards.
A growing portfolio of real estate investment properties include some that are AirBnb AND Matthew is doing what’s called AirBnb arbitrage which means he’s the long term tenant to other investors then furnishes and operates an AirBnb business in the property to make money to pay the rent and keeps any remaining profits.
AirBnb arbitrage can be a great way for newer investors to break into the market but not without risk. Matthew was kind enough to detail his wish list of features in order to command great rental rates before taking on an AirBnb arbitrage opportunity.
Matthew also recently returned from Florida as he nows spends winters there to both avoid our cold winters, goes looking for real estate opportunities, and shares how he’s able to do so.
Adam our Podcast Producer, said this is one of the best interviews I’ve done. Me, I have no clue what I’m doing hence we’re stuck at 17 listeners but Matthew is young and successful so I can’t recommend enough that you have a listen and take notes.
Linktree: https://linktr.ee/matthew_varga
YouTube: HealthNut Nutrition https://www.youtube.com/@HealthNutNutrition
On to this week’s show!
Today we have the host of the mega conference the Multifamily Conference, Seth Ferguson, on the show. If you were at the event headlined by Kevin O’Leary last year you know it was a really great one and this year, Seth has been inspired by 10X with headline speakers Grant Cardone and Alex Rodriguez who is best known for his successful baseball career. At one time being Baseball’s highest paid athlete, more recently on television’s Shark Tank and he’s a mega apartment building investor himself.
The event will be a big one with somewhere around 2,000 attendees from all over North America expected for a three day event.
I’ll have a booth there so please come by and say hi or I’ll see you at one of the evening events or lunch or breakfast. I do enjoy networking and if networking is your thing then you’ll likely want to be at Canada's largest investor conference of the year.
Seth here today to share about what it takes to run a successful conference, what one can expect, how there is something for everyone both beginner to mogul. There’s even a whole day dedicated to beginners on the friday and if you like VIP treatment then Seth has you covered with exclusive networking events at exclusive venues but I’ll let Seth explain them to you.
Seth is also working on some investment stuffs he’ll announce at the conference but you’ll get a sneak peek on today’s show.
Now for the disclaimer the lawyers want me to read
The information and opinions expressed in this podcast are solely for educational and informational purposes and should not be considered as investment advice. The hosts and guests of this podcast are not licensed financial advisors, brokers, or registered investment advisors, and their comments should not be construed as recommendations or endorsements of any specific investment, security, or strategy.
Me personally, my team of coaches and I are licensed Realtors of Rock Star Real Estate Brokerage Inc., proud to be. While easy to obtain the same licence, not all are the same, our rates are inline with the market but we’re four time winners as Realtor of the year to real estate investors with 50 or so, self made millionaire and multi millionaire clients.
Investing involves risks, including the possible loss of principal or worse. Before making any investment decision, you should conduct your own research and consult with a licensed financial advisor to determine the suitability of any investment for your specific financial situation and investment goals.
The hosts and guests of this podcast make no representations or warranties as to the accuracy, completeness, or timeliness of any information discussed in this podcast. The podcast is not responsible for any errors or omissions, or for the results obtained from the use of this information.
Listeners are advised to use their own judgement and seek the advice of professionals before acting on any information provided in this podcast. The podcast shall not be liable for any damages, including but not limited to direct, indirect, special, or consequential damages arising out of or related to the use, inability to use, or reliance on any information provided in this podcast.
Web: https://multifamilyconference.ca/
Instagram: https://www.instagram.com/sethfergusonofficial/?hl=en
Facebook: https://www.facebook.com/sethfergusonrealestate
We have the founder of Property Technology company Viler Lika on the show. He is the founder and CEO of SingleKey and if you haven’t heard of them yet you will want to pay attention to this show as in my experience, they are providing us investors a ton of value at affordable prices. SingleKey is the largest tenant screening service out there with their recent acquisition of Naborly.
The majority of the professional investors I know are already using their tenant screening aka credit checking online software as it’s fast, cheap, encrypted, and the reports written in plain english. Even our big local REIT uses SingleKey.
Viler is super smart having both degrees in Engineering and MBA from the same Business school I graduated from at Western University in London. On today’s show, Viler shares his journey of starting up a real estate technology business that brought us small investors the same tools the big corporate REIT’s use.
SingleKey will even underwriter insurance on the tenant which can be purchased by the landlord OR the tenant. How amazing is that? The rental market is highly competitive is most medium/major cities. If I had to enter a bidding competition to rent a place, I would insure my rent to set myself apart from the others.
Viler is also kind enough to share what features are coming in just a few months to forever change how we screen non Canadians and report tenant rents on their credit/Equifax.
This is not an episode to be missed. Please enjoy the show!
As a bonus Viler was kind enough to provide us a discount code “erwin” my name, a five letter word for 20% off a tenant screening, background report that also works on Americans. I’ve included a link in the show notes!
20% off discount code:
https://platform.singlekey.com/screen/request?promo_code=erwin
We have Ben Bergen who has acquired 14 properties over a short period of time and has the scars to prove it! Ben is a graduate of one of those many $13,000 per year group coaching programs, spent close to $50,000 and in his words he grew too fast, too soon, ego driven, nearly lost his shirt when he had 3.5 major renovation projects on the go.
My observation is if not for Ben’s own sweat, hard work on the tools as he is in construction, he would have ended up bankrupt like some of his coaches and fellow students. In the business world Ben filled both the visionary and integrator role. If his business was Apple, he was both Steve Jobs AND Tim Cook or Steve Wozniak. As in Jobs could sell big dreams, raise capital but Steve Wozniak had to build the actual computers or Tim Cook had to make the Operations as smooth and efficient as possible.
In my study of failed real estate investors, they were incredible at raising capital, their influencer marketing was expert level BUT they could not execute on their vision of on time renovations, on budget in a challenging environment both in construction AND the truth about real estate that no one is talking about, there’s more folks out there than ever trying to raise capital from both veterans and weekend guru workshop graduates BUT passive investors/lenders have dried up.
Back to Ben, if not for some prudent decisions and his skillset, Ben would be in huge trouble hence it’s best you give this episode a listen. Ben lives and invests in Sarnia, has a construction background, has since left his six figure job and pension behind, and is starting up a property management company with the help of coach Elizabeth Kelly.
Please enjoy the show!
To Follow Ben:
Instagram: https://www.instagram.com/benbergen_rei/
PM Company: https://www.instagram.com/rsb_property_management_2021/
Facebook: https://www.facebook.com/ben.bergen.7121
With all the craziness going on it’s nice to have a palate cleanse with go getters like my old friend Amanda Bouck and Marty Gordon.
I first met Amanda around ten years ago at Rock Star Real Estate when she was running the day to day as the in house Property Management business.
Fast forward ten years she’s managed a team of coaches, created educational content at Keyspire and together with her husband Marty, a licensed carpenter who’s gone from employee in construction to general managing their own property management company and investment portfolio of small multis in Guelph to small apartment buildings in London. Apparently Marty has free time between all that, their one year old son to coach as a Keyspire coach as well.
Hey, I’ll never fault anyone for multiple streams of income ;)
Amanda and Marty’s journey from beginner investors in their early 20s to the present, 17 years later, a fair sized portfolio and getting close to buying and building their dream home on large acreage and custom built mansion. It’s an inspiring and real journey.
Amanda and Marty share how they journey wasn’t easy and required hard work. Success is not guaranteed but with hard work, smart decisions, over a large period of time, it’s hard not to be successful.
To connect with Amanda and Marty
Email: amanda@eliterentalmanagement.ca
LinkedIn: https://www.linkedin.com/in/martygordon-swingingthehammer/?trk=pub-pbmap&originalSubdomain=ca
YouTube: https://www.youtube.com/@HouseHustlers
Facebook: https://www.facebook.com/amanda.gordon.739
On to the show!
I had no idea how many new tax rules we investors have to deal with this year, the Underused Housing Tax is especially concerning as I’ve spoken to many pros out there who don’t understand it either. What’s worse is the penalty is $5-10k for not filling and a lot of us investors have to complete and submit the Underused Housing forms even though we are an excluded owner thus having no liability. We still have to file the forms though.
I’m not an Accountant though but I did invite my lovely wife, Cherry Chan, CPA, CA who happens to be the most in demand Real Estate Accountant speaker to share some of the top tax changes we investors face for 2023.
Cherry does break down these same tax tips on her YouTube Channel Real Estate Tax Tips so make sure to subscribe to her channel along with the 10,000 other subscribers.
https://www.youtube.com/@RealEstateTaxTips
In case you’re curious, yes Cherry is still accepting new clients but not sure for how much longer. admin@cccpa.ca is the email address for your inquiries.
Please enjoy the show!
Today we have my friend Saurabh Singhal who is a real estate lawyer and litigation specialist out of Mississauga, Ontario.
Saurabh services some of our clients and a whole lot more investors from the general public so he’s seeing first hand the financial difficulties that speculators and private lenders have put themselves into.
Saurabh himself is working on 32 files for power of sale, meaning the borrower is in default and the lender is forcing sale to repay the debt. We also discuss lessons from many 2nd mortgages gone bad.
To my 17 listeners, please do extra due diligence out there when vetting partnerships and private lending. There are exit scams going on where gurus are looking to raise capital while already bankrupt or approaching bankruptcy.
At the same time, fear is high and the time to be greedy is good timing. As always, my preference is to invest in assets I control in the markets where I’m an expert and recommend my clients do the same. If these 32 investors in power of sale were to have followed my advice this all could have been avoided. All they had to do was listen to this podcast which is available for free…
Unfortunately they didn’t and it will be my clients looking to buy distressed properties like we already are.
Feel free to reach out if you do enjoy working with professional service providers such as my team and we can get you investing like a professional and all we charge is Realtor commission which is paid by the sellers anyways.
Saurabh Singhal is a returning guest of the show so we did cover his journey to move his family to Canada, transition from a crown prosecutor in India to become a Canadian lawyer. I recommend checking it out as the story is an inspirational one.
Please enjoy the show!
Website: https://www.singhal-law.ca/
Email: lawyers@singhal-law.ca/
We have something a little different, a real estate investor with a lot of heart in Melissa Dupuis, we rarely have investors on this show who target those on social assistance but Melissa has with her renovated, repositioned 10 bedroom rooming house.
As we don’t have many rooming house investors on this show, we spend some time on the subject in terms of numbers, target tenants, regulations, and of course the numbers: $525k on the buy and after fully renovated, $6,000 plus per month in rent.
Melissa is a true sophisticated investor as she’s an avid student and action taker in converting underutilised properties as she’s currently converting a duplex into a triplex to improve cash flow in this rising interest rate environment.
As always, real estate investing is a team sport, Melissa has engaged in hiring a coach and has a mentor. Melissa details how she found them and how it worked out.
Melissa is also a Property Manager, owner of Athena Property Management Inc servicing Niagara Region, Hamilton and she’s also a land banker in Belize.
Please enjoy the show!
IG: @eatsleeprealestaterepeat @athenapropertymanagement
FB: https://www.facebook.com/athenapropertymanagementinc
Kyle Pearce is a Math teacher and Kindergarten to Grade 12 Math consultant to his local school district in Windsor, co-founded an online learning business for Math professional development.
Kyle actively invests in real estate for value and cash flow, stocks and options trades and partners to co-own North Shore Properties that holds 30 units in and around Windsor, Ontario. Please pay attention to how Kyle and partner Matt divide responsibilities as they have complimentary skills.
Kyle is currently on unpaid leave from teaching to pursue the above business, investing ventures and co-hosting the Invested Teacher Podcast. We get very detailed on Kyle’s most recent acquisition of a 9 plex and the vendor financing and terms.
Please enjoy the show!
Podcast: Invested Teacher Podcast - InvestedTeacher.com/apple
Web: Invested Teacher Website - InvestedTeacher.com
Socials @InvestedTeacher
We have an author, coach, mentor, mom, wife and investor since only 2017 who’s done a lot while keeping her day job. English isn’t even Brooke Shang’s first language as she moved to Canada from Taiwan at age 17.
Brooke has done a lot from losing $50,000 on a joint venture in Winnipeg with a now bankrupt partner who drove a Porsche to owning nearly 30 rent to owns, a bunch of duplexes, and focusing more on private lending and building her custom dream home thanks to the profits from tenants buying out the RTO’s and selling other income properties.
Brooke is also a leader within the Trust Your Talent Academy like past guests Tim Tsai and Vince Lee. Brooke’s story is a good one how much one can accomplish in a short period time while keeping the day job and how one’s goals change, e.g. Brooke has hustled and now wants more passive investments. It all works, one just must decide for themselves what journey they’re on.
Please enjoy the show!
Web: www.RealEstateNetworkingQueen.com
IG: https://www.instagram.com/brooke_shang/
FB: https://www.facebook.com/brooke.shang
Book: FINANCIAL FREEDOM THE ROYAL WAY https://a.co/d/0p90cVB
This week we have Mackenzie Wilson of SingleKey the tenant credit and background check reporting service that recently acquired Naborly.
If you haven’t heard of SingleKey… well they are quite popular in the circles I run in and for you new investors, you’re so lucky you don’t have to run credit checks the old way…
Mackenzie is a very diligent investor from Calgary, Alberta. He shares how we went from oil rigs and IT at Telus and left it behind to start an online business in real estate that didn’t go so well but he survived, still owns his three duplexes in Calgary and works at SingleKey as a Director.
As you’ll soon tell, Mackenzie is a diligent landlord (one of the most diligent I’ve ever met) and loves to help other landlords in Alberta out as he’s always sharing and educating his peer group of 4,200 Alberta Landlords
On today’s show we talk about the difference between commercial and residential in Calgary, Calgary vs. Edmonton. Of course we talk about tenant screening as it appears to be a passion of Mackenzie’s even though his properties are in Alberta and how appropriate it is his day job is now at SingleKey.
One big nugget is I asked Mackenzie as a beginner investor, what should I buy in Calgary and his protip is a good one.
Please enjoy the show!
Website: singlekey.com/
Linkedin: linkedin.com/in/mwyyc/
Alberta Landlord Communit: albertalandlordcommunity.ca/
Two recent articles Mackenzie recommends
https://www.singlekey.com/blog/how-can-landlords-spot-fake-application-documents-from-tenants/
On to this week’s show!
We have something different in that our guest is a successful entrepreneur in the world of Business and not real estate investing, YET.
Nick Kindler is the Chapter President of Entrepreneur’s Organization, a private membership of seven figure entrepreneurs that Cherry and I also belong too.
As a member of the real estate community, I find learning from entrepreneurs just as helpful as learning from real estate investors to broaden my learning. I also see all these memberships and masterminds costing $20,000-30,000 or more, I wanted you my 17 listeners to be aware of other masterminds, membership groups and Entrepreneurs Organization is less than $10,000 per year and I’m a big fan.
Who better to talk about Entrepreneurship than our very own Chapter President Nick Kindler who also happens to be my client who’s working with team member, Chris “the Captain” Hook to acquire quality investment properties.
Nick is here today to share his experience as an EO member, President, his entrepreneurial journey which includes a $4.5M business that went bankrupt but more importantly how he bounced back, the lessons learned so you may avoid the same mistakes.
FYI - failing businesses, losing money and letting staff is not a fun experience in my experience. Please take notes.
If you would like to learn more about Entrepreneurs Organisation please reach out to Nick on his company website www.kindlerandcompany.com/contact you can hit me up on email on DM or you look up your local chapter at https://hub.eonetwork.org/
I’ll be a the open house event on March 9th that Nick mentions so I hope to see you there! Link: https://www.eonetwork.org/toronto/Pages/upcoming-events.aspx?i=2&s=5
Nick’s consulting business helps innovative leaders communicate better, for example I attended Nick’s two day workshop on how to give a TED talk which was excellent where Nick deconstructed what goes into an excellent talk then walked us through to write our own and how to deliver with stage presence.
Nick is also the author of Impact: Simplify, Transform, and Perform Pitches and Presentations available at https://www.impactbook.ca/
Without further ado, I give you Nick Kindler.
Hello and welcome to another episode of the Truth About Real Estate, my name is Erwin Szeto, the four time award winning Realtor to investors, host of this podcast, the #81 Business podcast per iTunes, where we focus on bringing you true experts, masters of their craft and we have a great guest for you today in real estate coach and educator Elizabeth Kelly.
The term coach has been used lightly these days. I see even folks with 1-2 properties as side hustles call themselves coaches. Elizabeth Kelly has a bit more to her resume than that. Her own property management company hundreds of doors, she was a full time real estate investing educator at Rich Dad Canada having personally taught a couple thousand investors including many of the infuencers and coaches you see today on social media.
Today we touch on a couple subjects such as the investment in real estate education and some of the different options out there as there are more than ever but some offer better value than others.
Elizabeth shares about her career and investor journey to arrive at where she is today. Her strategies when starting out investing in 2008 is very different than how she invests today and my intention for you my 17 listeners is to see for yourself how a professional investors at different stages, lessons learn so you may avoid mistakes and make more money.
Then we will offend many when we discuss what’s working and what’s not working in 2023. This may shock you, many of the fad investments getting a lot of hype won’t work in 2023. Make sure to have a listen before investing in any coaching or courses or even property.
2023 is going to be a fascinating year and here at iWIN real estate, we will be arming our community with the best information possible. Staring with our free webinar on how to sell a tenanted property for maximum return on January 17th, followed by our iWIN, in personal networking meeting on Saturday morning Jan 28th when my team and I share our bold predictions for 2023 for our target investment markets and we have at REIT in the house, Lawrence Raponi of Equiton with a brand new presentation explain how professionals buy apartment buildings, from how they find deals, to the numbers they need before even looking further into.
Learn how the professionals invest or at least learn how investing in a REIT works including cash flowing from day 1.
If you’re on my email newsletter, then you know how to register. If you don’t? Well that’s just silly, go to www.truthaboutrealestateinvesting.ca enter your name and email and you will receive an email when we have events and when new episodes of this show is available.
New to 2023 is we will be producing a lot more free educational videos and podcasts. If you have suggestions for topics you would like covered please let us know.
It’s my pleasure to introduce to you, my friend who passed our strict screening, Elizabeth Kelly.
Please enjoy the show!
LinkedIn: https://www.linkedin.com/in/elizabeth-kelly-consulting
FB: https://m.facebook.com/EKConsulting.ca/
IG: https://instagram.com/elizabethkellyconsulting?igshid=MWI4MTIyMDE=
Real Estate Resilience Summit: https://realestateresilience.ca/sumreal-estate-resilience-summit-ek
We have Ken Bekendam who is up to many things to generate cash flow and build wealth in real estate. The best part is Ken is available for hire! One can hire Ken’s company https://legalsecondsuites.com for major renos to your home or investment property including basement apartments and garden suites.
Ken and Legal Second Suites has even been in the news representing one of his clients, a mutual friend of ours Alex who happens to be Ukrainian who wants to convert his garage into a garden suite to rent to Ukrainian immigrants but the rich neighbours think the added density of tenants living in a garage will damage the neighbourhood and increase traffic.
Thankfully, with municipalities trending in the right direction to allow for us private investors to create more housing… well I won’t spoil it and let Ken explain to you how the story ends. Rich homeowners vs. rental housing for Ukrainian immigrants….
In today’s show, Ken details what strategy makes up the majority of his portfolio and provides him with the massive cash flows. It’s not what you expect as none of the influencers out there are promoting, nor offering courses on this strategy.
Ken shares how to invest in garden suites including build costs and rents plus some conversion projects both big and small. This is really great episode for education purposes so do have those pens and pencils ready.
I give you my friend Ken Bekendam
Please enjoy the show!
Web: https://legalsecondsuites.com/
IG: https://www.instagram.com/legalsecondsuites/
FB: https://www.facebook.com/people/Legal-Second-Suites/100086295136299/
Victor shares a lot today about how to scale up a real estate portfolio, how novices can get started interning/volunteering on development projects to gain invaluable experience for a smoother transition from side hustle developer to full timer.
There’s Victor’s strategy of “buy on the line, move the line” for investing in gentrifying locations. We’ve been practising the same strategy in our local markets, I just didn’t know there was a name for it. In Hamilton the old rules were to stay south of Main St. and West of James St., as a rule breaker we didn’t listen knowing affordability would cause the areas we targeted to appreciate and it worked out incredibly well.
If you too are looking to build out a team in the areas east and west of the GTA where properties actually cash flow then don’t miss out on our street smart tours! New to 2023 we’ll be operating tours of income properties in Oshawa followed by a mastermind lunch for which I’ll be in attendance as well. This a wonderful opportunity for investors of any level, especially novices to see how the FOUR time Realtors of the Year to investors service their clients enabling them to build intergenerational wealth.
Make sure you’re on our email newsletter along with 10,000+ other hard working Canadian investors available at www.truthaboutrealestateinvesting.ca. I hope to see you in 2023 at one of our iWIN Real Estate meetups and/or street smart tours. Like Victor says, there are going to be some great deals available in the near future. Learn what a deal looks like and work with an award winning team that produces successful, multi-millionaire investor clients.
BTW, Victor is also the President of OREIO and if you’re in Ottawa, you want to check them out. In my experience, the value and quality of group can’t be beat hence I’m a paying member as well.
LinkedIn: https://www.linkedin.com/in/vmenasce/?originalSubdomain=ca
Personal Website: http://www.victorjm.com/
Work Website: www.Ystreetcapital.com
OREIO: https://www.oreio.org/
This week is a lovely story about a young Millennial who started his journey in his passion: health and fitness, if you’ve seen Vince Lee in person, he’s jacked and looks like a personal fitness trainer. Unfortunately for personal trainers living in Toronto, it’s hard to get by.
Thanks to his supportive partner, shout out Chewy and the Trust Your Talent community, shout out Tim Tsai, Vince has been able to create a side hustle in real estate investing, specifically rent-to-owns, scaling to larger and more projects, and moved the family from expensive Toronto to more affordable Edmonton, Alberta.
Vince’s story is a good one and reminds me of why I invest so hard, so I can afford to keep my kids close and living in Ontario.
Congrats to Vince’s success, please enjoy the show!
To follow Vince:
Web: Trustyourtalent.ca
Instagram: theonlyvincelee
Facebook: https://www.facebook.com/theonlyvince
How refreshing is our guest Diana today! It goes to show one can’t judge from an Instagram handle. Eg Diana’s is @investorgirldiana when really it should be @sophisticatedinvestordiana but I get it. We are supposed to be humble and modest in our marketing.
But screw it. Diana is legit. She shares her experience and numbers flipping from a $2.3M luxury house in Toronto and to a century home in Hamilton to Windsor private lending as well. There are lots of numbers in this episode including mortgage rates as some of the capital was private money AND Diana shares how she personally lends her own money.
Diana’s taken expensive courses and masterminds. The quality of some is questionable as there were folks in the same masterminds as her years ago who are now bankrupt financially. That’s right, some courses, memberships, and coaching have negative return on investment. You as an investor have to conduct proper due diligence on anything you invest in including education.
Diana however with her conservative projections and husband as a skilled general contractor have navigated this declining market and exited flips profitably. Some are more profitable than others and not without challenges which Diana shares.
Sidenote: I’ve noticed a trend where an investor’s ability to execute on construction or renovations can be make or break for investors. Especially the full timers. In my experience, constantly working with the best of the best contractors has been instrumental to my clients and our own success in our portfolios. Those unable to execute
Not that any contractor is perfect unless maybe you marry them like Diana but much risk can be mitigated with the right one and proper oversight. That’s something we do for our clients, connect them with the same contractors we use and we are in regular weekly contact with them for our own projects and for our clients. As we here at iWIN Real Estate, we do volume hence we are usually our contractors top referral source and we’re all looking for win-win-win results. Win for the contractor, win for the client, win for us in that we have a happy client who buys more houses and sends us referrals.
We are in this for not just long-term but rather intergenerational relationships to create intergenerational wealth as we literally have three generation clients: grandparents, parents and the kids.
To follow Diana:
Linktree: https://linktr.ee/InvestorGirlDiana
Instagram: https://www.instagram.com/investorgirldiana/
Facebook: https://www.facebook.com/diana.lizarazorocha
We have old friend of the show Russell Westcott who was in town all the way from Vancouver to Toronto for the Wealth Hacker Conference.
Russell has owned 100+ properties and has the battle scars and lessons on how to invest better in Edmonton Alberta. Russell is a smart guy and here to share about how his coaching clients are navigating this high interest rate environment with creative, above board financing and a couple different investment strategies for highest and best use to create more housing units and of course generate higher rents on properties that other investors simply don’t see.
As always it’s a treat to have the JV Jedi on the show, someone who’s always thinking outside the box on how to maximise returns for his coaching clients and on their properties.
I give you best-selling co-author Russell Westcott!
Website: www.russellwestcott.com
Instagram: @russellwestcott
Facebook: russellwestcott10
Arminda is a student rental investor who’s going to benefit massively from the over 40% increase to the market’s rental rates for student rentals and her current cash flow of $1,500 per month between two properties will more than double. Maybe triple.
That’s the benefit of buying right, using a fundamentally sound investment strategy, renovating with return in mind, and the importance of mentors, friends and community.
If you’re interested in quality investment properties like Arminda, my award winning team of investor specialist Realtors are ready to go. www.infinitywealth.ca
Private RESP CST Savings:
https://www.cstsavings.ca/
https://www.cransoncapital.com/
*** these are notes, not endorsements nor advice. Please seek professional financial advice
Today we have Jesse Bobrowski, Vice President of Business Development on to share how Calvert helps flippers and BRRRR investors, how much money down, rates, lender fees, terms on how they lend.
No, their focus is not to raise capital to lend out which is risky in this market but we talk about how Alberta stacks up against Ontario!! Calvert Mortgages the biggest private lender I know with $330 million out there in loans.
For more information check them out at www.chmic.ca. I know several Mortgage Brokers who refer them business and past guests of this show who swear by Calvert as well.
Please enjoy the show!
Instagram: https://www.instagram.com/calverthomemortgage_/
Web: www.chmic.ca
Cherry Chan, Real Estate Accountant will be sharing how to retire faster with corporate structures so you can pay less tax and invest more. Cherry and her Accounting partners have been consolidating lessons from their experience working with 500+ real estate investor clients. Since no one hides anything from their Accountant, they know the truth about real estate investing returns, losses, and most importantly the path forward.
Cherry’s on the show today to share about the burning questions she’s getting from clients these days:
Please enjoy the show!
To follow Cherry:
Phone: (416) 548-4228
Email: admin@cccpa.ca
Web: https://realestatetaxtips.ca/
YouTube: https://www.youtube.com/c/RealEstateTaxTips
On to this week’s guest we have Danielle Unsworth who has simply caught fire since attending our 2019 Wealth Hacker Conference. Danielle took the whole 10X’ing thing to heart, first she started converting basement apartments in her existing properties, then hired a coach in my old friend Susan White Livermore, she’s since invested in vacation rentals in Turks and Caicos, six townhouses, in Edmonton, each with basement suites using cheap CMHC MLI Select. You probably want to write that down to google it later. To investing in two apartment buildings in New Brunswick and whatever else she’s bought since this interview took place three weeks ago.
Danielle has shot out of a cannon and she’s built a large Instagram following and she shares how. If you’re one of the quality investors or coaches out there looking to raise capital, I suggest you give Danielle a follow as there are bankrupt investors, both morally and financially doing the same and they can raise millions of dollars. At least that’s how I justify to myself in all the content we put out there with more to come in 2023.
For Cherry and I, if nothing else it’s a public service to share the truths about real estate investing.
I give you Danielle Unsworth.
Web: https://www.danielleunsworth.com/
Instagram: https://www.instagram.com/danielle.unsworth/?hl=en
WINC: Women Investors Network Canada: https://www.instagram.com/winc.investors/?hl=en
Today we have Dalia Barsoum who’s everywhere these days and who can blame her. She’s incredibly popular for her diligence in underwriting and guiding her clients towards quality. Unfortunately, Dalia and Streetwise are picking up the pieces from deals gone sideways brokered by other mortgage brokers. I know that feeling…
Today we chat about where rates are going, what private mortgages (rates and terms) are going sideways. Some tips on how to weather this rising interest rate environment including joint venturing, our favourite Economists to follow, where the challenges are in getting new financing, apartment building financing and much much more.
Cheap debt is what makes the world go around which benefits real estate investor returns so you don’t want to miss this episode. Have a pen and paper ready!
Today, we Kyle Pearce who’s a real estate investor with 22 doors. Kyle's been investing since the last recession being braver than many buying the dip in Florida back in 2011. He’s a Stock Hacker, an online education business side hustler as Kyle’s full time job is as a Mathematics Consultant to Kindergarten to Grade 12 teachers as his local school board. Kyle teachers the Math teachers.
Kyle is passionate about education and lucky for us. It spills into the investments arena, he loves to share his knowledge, is always sharing his research with our community, and I selfishly had some questions for Kyle on how to teach Math and Investing to kids.
Now that I think of it, Kyle’s method of teaching compound interest, the 8th wonder of the world would work on adults too so you want to have your pens and note taking devices ready.
Please enjoy the show!
Website: https://makemathmoments.com/