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