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Meet Georges El Masri, an experienced real estate investor with a wealth of knowledge in property conversions and overcoming market fluctuations. 

Real estate investing poses many challenges and investors need to learn from their mistakes to thrive in the industry. It is important to keep pushing forward and continually refining one’s strategy as situations evolve. 

Adapting to changes in the market or dealing with unexpected obstacles can help investors become more resilient and capable of achieving success. From Georges El Masri’s perspective: 

During the podcast, Georges shares his experience of acquiring four townhomes at an unfavourable market height, leading to negative cash flow. Despite the challenges, he persevered and strategically aimed to convert the properties into legal duplexes. Through his determination, he found creative solutions to improve his investments and has turned this experience into a valuable lesson for his future endeavours.

With a track record of success, Georges has navigated the ups and downs of the industry while maintaining a strong focus on community involvement and networking. 

As the founder of WellOff, Georges is dedicated to helping others achieve their financial goals through real estate investment. His ability to adapt and innovate in the face of change has earned him a reputation as a savvy investor and a valuable resource for others in the field.

In this episode, you will be able to:

• Master the intricacies of landlord-tenant boards and duplex conversions for a smooth property management process.
• Discover the significance of networking and community involvement in crafting a successful real estate portfolio.
• Uncover innovative strategies for maximizing rental property cash flow and securing financial stability.
• Learn how to adapt and overcome challenges in the ever-changing real estate investment landscape.
• Harness the power of technology for efficient property management and growth.
  

The resources mentioned in this episode are:

• Consider reaching out to a planner, accountant, and lawyer before buying properties with joint lot lines to avoid potential complexities with title merging.
• Explore the possibility of vendor take-back mortgages when negotiating with sellers, as it may provide favourable terms for both parties.
• Be prepared to pivot and explore alternative strategies if your initial real estate investment plans don’t work out as intended.
• Keep in mind the potential challenges with tenant evictions and the landlord tenant board process when planning for property conversions.
• Research the municipality and its regulations when applying for minor variances or other zoning amendments to ensure a smooth process.
• Look into investing in growing cities like Welland, Ontario, which is known for its business-friendly environment and potential for growth.

Get in touch with Georges:
Website: http://www.welloff.ca/
Instagram: https://www.instagram.com/welloffx/
Facebook: https://www.facebook.com/georges.elmasri
Email: info@welloff.ca

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

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Understanding the local laws and regulations is a critical step for any real estate investor who is looking to expand their portfolio into a new market. This is especially true when considering an investment in a different country or province, such as Alberta or Ontario, where the legal landscape may differ significantly from one’s current location.

In this episode of The REITE Club podcast, join guest Svetlana Pessotski a real estate broker in Toronto as she shares how she used her creativity and entrepreneurial spirit to soar amidst the uncertainty of the pandemic, building an impressive portfolio and network in Calgary while offering tips to investors on customizing their lives.

In this episode, you will be able to:

• Uncover the perks and promising future of Calgary’s real estate market.
• Unlock the advantages of Alberta’s landlord-friendly policies and rental assurance programs.
• Identify the potential of preconstruction condos as lucrative investments in Calgary.
• Recognize the significance of thorough research and due diligence in real estate ventures.
• Discover various investment approaches and regional markets to diversify your portfolio.
  

From the perspective of engaging in active research and diligently learning about the region’s specific legislation and property management requirements, it can set the stage for a successful real estate venture. 

Recognizing that every market has unique challenges, Svetlana encourages listeners to fully grasp the local laws and guidelines, which ultimately helps protect investors from potential difficulties down the road.

Get in touch with Svetlana Pessotski
Broker

spessotski@hotmail.com
Mobile: 647-838-8484

This episode has been brought to you in part by
BM Select/Butler Mortgage – https://bmselect.ca/

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Passive investing is an investment strategy that seeks to generate consistent returns over time without the need for constant monitoring and decision-making. It involves allocating funds to a well-diversified portfolio, typically designed to track a specific market index or sector. 

In this week’s podcast episode, you will be able to: 
1. Discover the potential opportunities in private equity investments amid the shifting real estate landscape during COVID-19. 
2. Uncover the significance of diversification for a thriving investment portfolio. 
3. Discern the differences and implications of passive and active investing in real estate. 
4. Explore various investment options tailored to suit distinct financial situations. 
5. Recognize the value of education and relationship cultivation for informed investing decisions.

Our guest is Steve Blasiak, an insightful and experienced private equity investor who passionately shares his knowledge in the realm of real estate investing. Steve has successfully navigated the ever-changing real estate market, particularly amid the COVID-19 pandemic, by adapting and embracing new opportunities.

Passive investing can allow investors to achieve steady growth while minimizing the time and effort required to actively manage their investments. This approach often involves holding onto assets for an extended period, letting time work its magic on the investments, and generating returns through compound interest.

This strategy and approach may not be for everyone, as some individuals might prefer the control and potentially higher returns of active investments. However, for those who are open to a more hands-off approach, there is a wide range of investment options available, such as real estate investment trusts (REITs) and private equity funds.

By patiently allowing time to work on their investments and diversifying their assets, investors can potentially reap significant benefits over the long-term.

Steve’s expertise in private passive real estate investments has enabled him to thrive during challenging times, doubling his sales and helping his clients diversify their portfolios. With a keen eye for identifying lucrative investments, Steve’s approach ensures that his clients can achieve their financial goals while mitigating risks.

Get in touch with Steve Blasiak
E-Mail: Steven.blasiak@pinnaclewealth.ca
Phone: 416-464-3085

Brought to you in part by:
BM Select/Butler Mortgage – https://bmselect.ca/

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James Knull, a realtor based on the West Coast, discusses strategies for cash flow properties in Western Canada in light of recent interest rate hikes. One suggestion he has is increasing the down payment, which can offset some of the costs associated with higher monthly payments.

In this week’s podcast episode, James discusses two strategies for increasing cash flow from rental properties: increasing rent and adding short-term rentals. Additionally, he suggests that self-property management can help reduce expenses.

There is a collection of buildings in Vancouver that are now opened up to allow executive rentals on a month-to-month basis. This has increased the amount of available rental inventory in Vancouver. In Edmonton, Alberta, it is easier to rent on a nightly basis due to fewer regulations. In Vancouver, it is still possible to rent on a nightly basis, but it is more difficult.

It is competitive to buy multifamily buildings in Edmonton right now because there are a lot of people who are interested in investing in them. However, there are also a lot of people who are trying to tie up buildings who don’t actually have the capital available to close on the building.

Multi-family realtors in Edmonton spend a lot of time vetting buyers to make sure that deals are likely to go through. This is because the due diligence process for a commercial or multi-family property can take a couple of months, during which time a lot can change in the market. As a result, serious buyers need to be organized and ready to move quickly.

James discusses the recent change to zoning bylaws in Edmonton that now allow for multi-unit dwellings in core neighbourhoods. This change was made in an effort to combat urban sprawl and make the city more sustainable. Investors are targeting these properties because they are cheap and offer a lot of potential for cash flow. 

In this interview, James Knull talks about the importance of consistency in real estate investing. He also discusses the changes in Vancouver’s laws regarding short-term rentals, and how this can impact investors. Finally, he gives some advice on how to establish oneself as a serious buyer in order to be ready to purchase a property when the right one comes along.

Get in touch with James Knull
E-mail: James@mogulrg.com
Website: https://www.instagram.com/mogulrg/
Instagram:  @mogulrg
Facebook: https://www.facebook.com/james.knull

Brought to you in part by:
Legal Second Suites – https://legalsecondsuites.com
BM Select/Butler Mortgage – https://bmselect.ca/