On to this week’s show!
Tim JP Collins is an old friend of ten years or so, one of our most successful clients and has achieved the cash flow goal almost every new investor has when we first meet with them. $100,000 or more passive cash flow per year so they can vacation more, not worry about money, retire their spouse, etc…
Tim is back on the show to update us on his journey from high paid, high stress Tech Sales Executive to being debt free, over $10k cash flow per month from his stock portfolio, and being a full Realtor on his terms at REAL Broker.
Ever since I’ve known Tim, he’s done things differently. He invested in himself heavily by hiring a coach, getting educated, taking massive action, buying student rentals, several with joint venture partners. As a Realtor at REAL Broker, it’s just him and his admin assistant. No team, no plans to build a team so less moving parts and people to manage. Tim likes making money and keeping his life simple which I think we all want more of in our lives.
He’s a father of three boys, husband, debt free living in the lovely Nanaimo, BC, Brazilian Jiu Jitsu white belt and has much to teach us all.
If you enjoy the show you’ll want to tune in when Tim is our guest speaker at our Tues, October 17th iWIN Meeting. 7:30 pm EST. I’ve asked Tim to present on how he built his 7 figure bank roll in real estate and what he now invests in to generate that $10,000+ cash flow per month. He’ll also share his experience belonging to REAL Broker including saving money on commission splits and their revenue sharing program.
So save the date! 7:30pm EST, October 17th iWIN Meeting. Online only as Tim will be joining from Nanaimo, BC. Got to love technology!
Please enjoy the show!
Instagram: https://www.instagram.com/timjpcollins/?hl=en
LinkedIn: https://www.linkedin.com/in/timjpcollins/?originalSubdomain=ca
Facebook: https://www.facebook.com/timjpcollins/
On to this week’s show!
Today we have a full time real estate investor who’s really really smart. I’ve known Christian for a couple years but only in this interview do I get a better understanding of how he transitioned out of an executive position in the tech industry into a full time investor.
What’s especially interesting is how Christian originally capitalised his investing and how he found a bunch of cash flow, enough to replace his job income in mixed commercial/residential real estate. If you’re a geek like me, you’ll enjoy this episode as I can’t think of anyone off the top of my head who’s as successful in mixed use commercial/residential… the worst commercial too: retail, yuck!
In my experience, financing is expensive when investing in mixed use but Christian has cracked that nut so if you want to learn the truth about how someone replaced their job income with real estate cash flow from operations you’ll want to take notes, listen to this episode more than once.
You can find Christian on the web: https://aliferous.ca/ or instagram: https://www.instagram.com/aliferousproperties/, facebook and LinkedIn @Aliferousproperties. FYI Aliferous means to have wings. I’ll ask Christian to explain why he chose the name on part 2 of this interview but I’m guessing if you want your retirement planning to have wings, then invest in real estate.
Please enjoy the show!
On this week’s show we have a very real conversation with full-time, professional investor Austin Yeh who does it all: wholesales, flips, BRRR’s, negotiates his own cash for keys, podcaster, meetup host and it’s not all pretty.
Austin shares how he’s had to rebalance his portfolio, wholesaling market slow down, which are short-term problems as he’s successfully transitioned out of his corporate job in Feb 2022 to investing in Windsor, Sudbury, even downtown Toronto.
Austin shares how he got started networking at local investor groups, connecting with locals to build out his teams. We walk through the numbers of a couple deals and Austin doesn’t candy coat the challenges that come with buying ugly properties including a case of arson where his property was intentionally burnt down by criminals, the phone call his partner received from the police, the sleepless nights if the insurance would get paid out… How his target markets and properties have evolved over his career.
This is a very real, truth about real estate investing episode where problems are not always worth the profits. Hopefully you, my friend, one of our 17 listeners can takeaway how to improve upon your real estate business, leverage the lessons from this episode and the 300+ episodes before this one.
To follow Austin Yeh, you can find him on Instagram @AustinYeh6 or Austin’s podcast and meetup network @risenetworkevent.
Please enjoy the show!
This week we have our friends from Calvert Home Mortgage Investment Corporation back to give an update on the private lending/mortgage market including lessons from the downturn: e.g. what did in default real estate investors do wrong have in common so you the listener, my clients and I may avoid the same mistakes.
Please keep in mind, real estate investing can easily be done wrong and less right. Ask anyone who speculated on pre-construction and is negative cash flowing or does not have the means to close. Long-term, that could be a fine investment but most can’t handle today’s interest rates and strict lending guidelines.
Anyways, on today’s show we have Garret LaBarre, Underwriter at Calvert. He’s the guy who actually reviews mortgage applications from a risk perspective and determines if they’ll lend and Jesse Bobrowski, who is Vice President of Calvert.
One of the magical things about real estate investing is the asset is so good that banks will lend me a lot of money which suits my objective of keeping the deal and equity to myself. This is why learning about all your financing options is key to being a successful investor BUT debt is a double edged sword as your risk is greater as you’re about to hear about in this interview. Such is the truth about real estate investing.
Since Jesse and Garret live and invest in Calgary, they share a market and economic update on Alberta which I know is a hot topic for investors.
As we do discuss securitized investments, here comes the disclaimer. You can check out Calvert at https://chmic.ca/. Please enjoy the show!
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.
On to this week’s show!
We have Hart Togman, owner, founder of Rent Panda who’s been helping our clients locate tenants for my clients’ investment properties.
How good is Rent Panda? Hart tells me they’ve had one non-payment of rent issue among 900 to 1,000 successful leases. That’s pretty darn amazing so if you want to know how to be a successful landlord with paying tenants you will want to listen to this episode.
Rent Panda also now offers Property Management Services and Hart shares step by step how to create a rental ad and how to automate as much as possible how to handle the deluge or responses because if you bought right like our 350+ clients, your property is in high demand.
Please enjoy the show!
You can find Rent Panda at their website: www.rentpanda.ca, Facebook: https://www.facebook.com/RentPanda/, and Instagram: www.instagram.com/rentpanda