Monthly Archives: June 2021

How To Get The Best Mortgages And The Most Approvals With Proper Planning



Guest: Daniel Patton, Mortgage Agent & Investor Specialist

Private lending, BRRRRs, owning rental properties are all part of Daniel’s experience. His team helps investors buy in all provinces. During this podcast, we learned about the differences you can expect when buying in other provinces and how to manage this very hot market! Local brokers sometimes are better connected with local appraisers, etc. Work in cohesion with locals. Get your appraisal early! Especially when there are firm offers involved. As we always say, it’s all about relationships. Trust BM Select’s expertise for your next deal.

In this episode you will learn about:

  • 19 years in the mortgage industry
  • 15 years of investor financing
  • Real-time adjustments
  • Scaling and buying various types of properties
  • BM Select is the #1 mortgage brokerage in Canada
  • Backlogs are to be expected all over the market
  • How to navigate this hot market
  • Having coaches and power teams to mitigate the risks


Get in touch with Daniel:
Website:  https://bmselect.ca/
Email:daniel.patton@butlermortgages.com

This episode has been brought to you in part by
Black Jack Contracting – https://blackjackcontractinginc.ca/
Elevation Realty – http://www.elevationrealty.ca/
BM Select – https://bmselect.ca/


The Build Rent Refinance & Repeat



Guest: Natalie Cloutier, Real Estate Investor

Natalie and her husband got started with $0 in their early 20s. They found creative ways to grow wealth. Their main strategy is to buy land, build multi-family properties, move into them and refinance and repeat. It’s a new BRRR – Build, Rent, Refinance & Repeat. They’ve been super successful and have learned a lot along the way. Natalie explores how she went from working with financial institutions to sometimes using private lenders to ensure her projects run smoothly.

Listen to the full episode at https://www.thereiteclub.com/podcast

In this episode you will learn about:

  • How to incorporate sweat equity into new build financing
  • Creative house hacking for quick scaling
  • Working with credit unions for construction financing
  • Having a strong why…
  • Working with your spouse
  • Enjoy the journey!
  • Schedule time for yourself and your loved ones

Listen to the full episode at https://www.thereiteclub.com/podcast

Get in touch with Natalie:
Website: https://www.thenewbuildcouple.com/
Email:
info@rn-properties.ca

This episode has been brought to you in part by
Legal Second Suites – https://legalsecondsuites.com/
Private Buyers – https://privatebuyers.ca/
BM Select – https://bmselect.ca/


Building Confidence & Attracting Private Money



Guest: Mike & Lee-Anne Nicholson, Real Estate Investors

Mike & Lee-Anne are real estate investors located in Sault Ste. Marie, Ontario. They have also recently ventured to Detroit, Michigan. They chose Investor Mel & Dave’s mentorship program to learn how to use other people’s money (OPM) to scale up. They strongly believe in listening twice as much as you speak. Let others speak and you’ll hear some interesting things! They also practiced how to sell the idea of private lending. Get ready to ask! Ask for private money – offer the opportunity to work with you – ask for more mortgages – learn how to present your file differently.

Listen to the full episode at https://www.thereiteclub.com/podcast

In this episode you will learn about:

  • Inspired by investor uncle
  • Job transitions pushed them to look at other income streams
  • 2017 was a turning point
  • Understanding price points – 100k, 200k, 300k, and up
  • How to buy with OPM
  • Exit strategies for your own business and to attract OPM
  • Having solid cash flow and maintenance budgets

Get in touch with Mike & Lee-Anne Nicholson:
Email:
mikebnicholson@yahoo.com
Instagram: @nicholson_property_investments

This episode has been brought to you in part by
Black Jack Contracting – https://blackjackcontractinginc.ca/
Private Buyers – https://privatebuyers.ca/
BM Select – https://bmselect.ca/


Early Mistakes Can Lead To Great Success In The Future



Guest: Austin Yeh, Real Estate Investor

Austin was very candid about his rapid growth and early mistakes. What matters here is that he learned a great deal from taking on too much and not having the right systems in place. Austin discussed how having a power team and the right systems can make a world of difference in your real estate investing. He shared some great tips on how to acquire off-market properties, look for money partners, how to do JVs the right way and so much more!

Listen to the full episode at https://www.thereiteclub.com/podcast

In this episode you will learn about:

  • Early mistakes during the rapid growth phase
  • Quit his 9 to 5 
  • Started with only 40k in Windsor, Ontario
  • The importance of ARVs
  • JVs for success
  • Private money – private lenders
  • Toronto Life article that changed his life
  • Not over-leveraging!

Get in touch with Austin:
Website:  https://linktr.ee/austinyeh6
Email: 
austinyeh95@gmail.com

This episode has been brought to you in part by
Building Stack – https://www.buildingstack.com/
Elevation Realty – http://www.elevationrealty.ca/
BM Select – https://bmselect.ca/