Ming is a Toronto Real Estate Expert and head of Volition Properties’ Investment Realty Services having helped clients accumulate $200,000,000 worth of income properties in the City of Toronto from condos to mid size apartment buildings, specialising in small multifamily in top neighborhoods.
Ming is here today after Olivia Chow won the Mayoral race of Toronto and vows to build a more affordable city.
To follow Ming:
Nick Karadza is a real estate investor who discovered the power of leveraging real estate through "boot camps." Starting at 21, he bought, renovated, and flipped properties for profit but realised it wasn't generating the desired cash flow to replace his job income and it was a lot of work.
Nick shifted to rental properties, achieving monthly cash flow and recouping his investment. Nick founded Rock Star Real Estate Brokerage Inc. and the Rock Star Inner Circle with his brother to assist real estate investors. Nick publishes a newsletter, shares online articles, teaches classes, and holds events for their 1,000+ members and co hosts the Your Life, Your Terms podcast. Nick remains an active real estate investor, consumes endless economic news and collects some silver, gold and bitcoin.
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Rock Star Inner Circle Website: https://rockstarinnercircle.com/
Live Class Investor Training: https://rockstarinnercircle.com/erwin/ Note, if you would like to work with Erwin’s team and save 50% off the Initiation fee, use case sensitive discount code ERWIN
Kellan James was recommended for this podcast by my wife’s team at Real Estate Tax Tips. You see, Accountants know who are actually successful at making money hence Kellen is our guest today.
Kellan has successfully transitioned out of his corporate job. His timing for explosive growth was well timed, his deals were profitable and well executed including his more recent deleveraging stage of consolidating his portfolio, paying off more expensive private mortgages to manage cash flow.
Kellan shares how his journey started, the importance of coaching early on, his group of 13 real estate friends, and how Kellan proceeded to grow both his portfolio and coaching business too fast leading to burn out.
I invited Kellan onto the show over a year ago but I caught him during his social media black out period and he’s finally here today to share the ups and downs, realities of becoming a full time real estate investor.
Please enjoy the show!
You know about the downturn we just experienced and like many of you, I was curious how private mortgage companies fared so I reached out to Kyle Ford whose company manages $150 in private mortgages.
Kyle tells it like it is, he shares how many mortgages went sideways, what the lessons were, how Kyle and his staff put time and money into taking over failed BRRR’s and flips to finish projects and sell them off and make his clients whole.
Why? Because it’s the right thing to do. Treat other people's money better than you treat your own. If you won’t invest your own money into your project and you can’t pay people back when deals go bad, don’t use other people's money. If you don’t believe me, ask bankrupt investors how much those other people who invested in them hate them and want their money back.
Debt is cheapest like first mortgages, VTB’s, you don’t give up control hence that should be one’s first option.
Back to Kyle’s interview, we journey back to when he was a alternative financing borrower investing in value-add real estate as his deals needed short term money, taking courses on investing including buying, renovating, renting out, financing. Then the 2017 mortgage stress test happened and Kyle had limited options for financing but he needed mortgage money.
As the saying goes, necessity is the mother of all invention, Kyle found other sources of private capital, started brokering his own deals, yada yada which Kyle will explain he now manages his own fund with $150 million dollars under management.
It’s never all sunshine and rainbows as mentioned some borrowers went sideways and Kyle shares how those deals went so we may all learn from Kyle’s lessons in a downturn.
Kyle has a contrarian opinion of promissory notes as well so you don’t want to miss this episode about the truth about being a private lender.
As we are covering securitized investments here comes the disclaimer I used Ai to write and a separate Ai tool to voice all for free. Saves you all from hearing me stumble and mumble 🙂
To reach out to Kyle and company:
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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.
Investing involves risks, including the possible loss of principal. 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.
Have you met Steve Phillips? He’s a member of my team, the four time award winning iWIN Real Estate. Right out of school he worked for one of the largest condo management firms in the GTA, he’s a serial entrepreneur, had a construction business, real estate runs in the family as the Mrs. is a designer. Steve is well known in the Durham region as well within the investor community having been coached by, and taken courses by Quentin D’souza.
If you know Steve like I do, he doesn’t sleep until his clients have a great deal under contract and he’ll be sharing how he’s been doing so along with the numbers behind the deals. You can reach out to steve at Steve@infinitywealth.ca if you’d like to book a call or tour.
To book a call with Steve: https://calendly.com/steve-1502iwinrealestate/30min
On Instagram: https://www.instagram.com/iwin_on_the_eastside/