Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years. Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year. Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes. Ryan’s has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.
This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming
You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv - a station based in Hamilton that also serves Niagara and the GTA. Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.
There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.
Karen is one of what’s known as “The Mars 100” - 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One.
Long before her space adventures, Karen became involved in real estate investing back in 2008. You remember - the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.
Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario. Soon after, she joined the Real Estate Investment Network - “REIN” - in order to learn what she needed to know about becoming a successful landlord. Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.
Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.
Here’s where things really get interesting. Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.
She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life.
Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.
They felt ill-informed and ill-equipped to make the decisions that had to be made. And they knew that they weren’t alone. Thousands of baby boomers across
Ontario are in the same boat.
In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.
It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” - now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.
Karen …. Welcome to the podcast.
Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate. His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200. Fast forward to today and this same townhouse is selling for $399,000. The moral of the story, don’t be stricken by fear as it will cost you. Since then he has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals. His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted. Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf. Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.
Speaking of successful clients we have Kaush Nanubhai returning to the podcast. When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto. Fast forward to today, he’s quit his day job and gone full time real estate investor and here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver. The house is currently being finished on the inside including adding a basement apartment.
This basement apartment strategy sure is popular!!
Without further ado, I give you Kaush Nanubhai.