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Are you a Canadian real estate investor looking to make a splash in the US, but feeling held back by common myths about investing across the border? Have you heard that the process is too complicated, too risky, or simply not worth the trouble? 

Let’s bust those myths once and for all. Here are three major myths about investing in US real estate as a Canadian, and Glen Sutherland is here to share the truth with you, an expert in navigating the complexities of investing in US properties as a Canadian.

In this episode, you will be able to:

• Decode differentiating factors and hurdles Canadian investors face in the US real estate market.
• Identify frequent blunders committed by Canadians while venturing into the US property sphere.
• Gain proficiency in effective tactics to achieve fruitful outcomes in US real estate ventures.
• Recognize the value of forming a robust squad and skillfully tackling risks in property investing.
• Learn to adjust to dynamic market conditions using insights garnered from the COVID-19 crisis.

The resources mentioned in this episode are:

• Consider investing in the US to take advantage of more landlord-friendly laws and lower price points.
• Diversify your portfolio by investing in different asset classes and markets to hedge against economic uncertainty.
• Start with one strategy and market before expanding to others to build relationships with property managers and contractors.
• Be aware of the potential disadvantages of investing in the US, such as higher lending rates, currency exchange risks, lack of privacy, and dealing with taxes in two different countries.
• Research specific markets in the US, such as the southern and coastal areas for appreciation and the Midwest for cash flow.
• Look into investing in both single-family homes and multi-unit properties to maximize income streams.
• Don’t be afraid to get started and learn as you go, but seek training, coaching, and mentoring to avoid common mistakes.

Mistakes Canadians Make
Canadian investors should be aware of the potential pitfalls when investing in the US market. These can include assuming the investment process is the same as in Canada, buying off the MLS at fair market value, and a lack of understanding of local school zones or crime maps. 

Additionally, managing the legal and tax implications surrounding cross-border investments can be a common stumbling block for investors. Glen Sutherland advises avoiding these mistakes by doing proper research, seeking professional guidance, and understanding the nuances of the American real estate market. 

He also suggests getting the contractor going with some materials and then doing it like draws by paying for only completed work to avoid losing money should the contractor walk away.

Reasons to Invest in the US
The United States offers numerous advantages for Canadian real estate investors, including favourable landlord laws, rent-to-value ratios, and pricing. Many have found that investing in the US can lead to higher cash flow and better return on investment compared to the Canadian market. 

However, it’s important to consider the disadvantages such as the high cost of lending, exposure to currency exchange, and lack of privacy. By carefully weighing the pros and cons, investors can determine if investing in the US is the right fit for their portfolio. 

Glen Sutherland cites his own experience with tenant screening in Canada as a key reason for exploring investment opportunities in the US. Within the podcast, he speaks about the importance of understanding how local laws and regulations can impact an investment project. Additionally, he mentions that investors should choose markets that align with their preferred investment strategies, such as focusing on cash flow or appreciation potential.

Glen Sutherland started investing in real estate in the early 2000’s and within a few years he transitioned his focus to the US. Glen specializes in where and what to buy. He also hosts the Podcast and Youtube channel, “A Canadian Investing in the US”.

Get in touch with Glen Sutherland
https://www.glensutherland.com/
https://www.linkedin.com/in/glen-sutherland-557bb390
https://www.facebook.com/glen.sutherland.18/
https://www.instagram.com/glenksutherland/?hl=en

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

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If you’re feeling frustrated and defeated because despite all the research and hard work you’re putting into your real estate investments, you’re still not seeing any returns, then you are not alone!

In this episode, you will be able to:

• Surmount hurdles and conquer rejection in your real estate investing endeavours.
• Unravel the importance of tenacity, adaptability, and a growth mindset for your success journey.
• Pay attention to aspects within your grasp while searching for diverse solutions to improve outcomes.
• Develop a robust support infrastructure and connect with fellow real estate investors.
• Grasp new opportunities, spring into action, and do away with any hindrances blocking your way to success.

Our special guest is UnstoppableTracy Schmitt, a source of inspiration for real estate investors everywhere and an unstoppable force of resilience and determination. 

Born with no hands and legs, UnstoppableTracy has defied all odds and challenged the word “no” throughout her life. Embracing possibilities and taking action, she has proven that there are no excuses for success. As a real estate investor herself, she brings a wealth of experience and a unique perspective on overcoming challenges. UnstoppableTracy’s journey serves as an inspiration to fellow real estate investors who embrace the same spirit of resilience. 

Everyone is a Valuable Contributor
Recognizing the value that each individual brings to the table is essential for fostering successful collaborations. By demonstrating appreciation and respect for each person’s contributions, one can create an empowering environment that promotes teamwork, cooperation, and ultimately, success. 

During the interview, UnstoppableTracy shared her insights about the importance of acknowledging and valuing each person’s input. Drawing from the experience of being told she couldn’t attend a school due to her disability, she highlighted the importance of not making assumptions about why someone is saying no, and instead, finding alternative solutions. This approach showcases her belief that everyone has something valuable to contribute, and it is up to individuals to harness and optimize these skills to achieve success.

Overcoming Challenges with No Excuses, No Limits
Embracing the mindset of “no excuses, no limits” serves as a powerful driving force in achieving success, regardless of the obstacles one may face. By adopting this attitude, one can stay focused on their goals and maintain the determination to push through barriers. This mindset allows individuals to take full responsibility for their actions and helps them strive towards their objectives with unfaltering persistence. 

In the podcast, UnstoppableTracy story is a prime example of someone who has faced seemingly insurmountable challenges but has persevered to achieve incredible accomplishments. Born without arms and only one leg, she was determined to rise above it all by adopting this “no excuses, no limits” mantra. This outlook enabled her to participate in the Paralympics, write a best-selling book, and make a name for herself as an insightful real estate investor.

The Importance of Persistence
Persistence in the face of challenges and setbacks is integral to achieving success. Staying committed to one’s goals and consistently working to achieve them helps build the resilience needed to weather adversities. Demonstrating persistence ensures that one continues to move forward, learn from experiences, and grow both personally and professionally.

In her conversation, UnstoppableTracy emphasized the importance of being persistent in one’s pursuits. Her own experiences of overcoming obstacles and embracing challenges show how crucial persistence is in reaching one’s goals. UnstoppableTracy’s determination to excel, despite her physical limitations, serves as an inspiration to all those who wish to pursue their dreams and succeed in any endeavour.

Get in touch with UnstoppableTracy;
Email: me@unstoppabletracy.com
Facebook: https://www.facebook.com/unstoppabletracy
Twitter: https://twitter.com/unstoppabletrac
Instagram: https://www.instagram.com/unstoppabletracy/
LinkedIn: https://www.linkedin.com/in/unstoppabletracyschmitt/

Additionally, UnstoppableTracy has a website at https://www.unstoppabletracy.com/ where you can find more information about her and her work.

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

Tracy is UNSTOPPABLE – and not just because she cameoed in the movie Robo Cop alongside Michael Keaton and Gary Oldman.

TV Host UnstoppableTracy #1 International MegaSuccess TedX Speaker has shared the stage with Jane Fonda, Dr. Phil, Michael Douglas, John Travolta, Mel Gibson, Mark Wahlberg, Mel Robbins and more! 

Her mind-blowing story always gets standing ovations pushing audiences out of their limitation zones. She has been viewed virally with over 100 million views and is the #1 Female Transformational Leader winner by leadership guru John Maxwell out of 160 countries. 

UnstoppableTracy doesn’t just talk about high performance in business…she lives it! Robert W. Jackson Award Recipient [Founder of the Canadian Paralympics], inducted into Canada’s Hall of Fame, C-SASIL Lifetime Achievement Awardee and as seen on ABC, BBC, CBC, City TV, Global News, NBC, FOX and globally in media around the world! 

Oprah Magazine shared her story as Quest for the Gold World Cup Sailor, who climbed the Himalayan mountains, captained a 110-foot-tall ship,  won paraskiing bronze and is funny too.

Oh, did we mention she was born a 4-way amputee?

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If you’re feeling frustrated and discouraged because, despite your efforts to improve your real estate investing skills, you still can’t seem to find success, then you are not alone!

In this episode, you will be able to:

• Recognize the importance of realistic target-setting for triumphant outcomes.
• Grasp the detrimental effect of ‘shoulds’ on your mindset and establishing goals.
• Hone your ability to triumph over disheartening self-talk using affirmative self-contemplation.
• Appreciate the impact that careful language choices can have on goal-setting efficacy.
• Develop the skill of dividing goals into achievable tasks to maintain interest and make headway.

Our special guest is Nancy Morris who delves into the harmful effects of ‘shoulds’ on our mindset and goal-setting. Nancy’s background in functional MRIs and language has given her a unique understanding of how our thoughts and words can shape our success, particularly for real estate investors. 

With her delightful sense of humour and knack for sparking “aha” moments, Nancy provides invaluable guidance for those battling negative self-talk and seeking to improve their mindset.

The resources mentioned in this episode are:

• Identify your desired outcomes and break them down into sub-desired outcomes and performance goals.
• Focus on actions and decisions within your control, rather than external factors.
• Avoid using the word should and challenge it when you hear it in your self-talk.
• Share this conversation with someone you trust and ask them to point out when you are shoulding on yourself.
• Remember that disappointment is natural, but beating yourself up is a learned behaviour that can be unlearned.
• Take care of yourself and practice self-compassion, especially when things don’t go as planned.

Get in touch with Nancy Morris
Nancy@NancyMorris.com
https://www.nancymorris.com/
https://twitter.com/NancyMorris

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

Nancy Morris, Psychologist (MSc in Applied Psychology)

Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a Ph.D. Some of her clients refer to her as an  “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.

For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.

Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.

Nancy has written the book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.

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Nancy Morris stumbled upon an unexpected twist that challenged everything she thought she knew about achieving goals. What did she discover? And how did it change the game for her and others? Stay tuned to find out.

In this episode, you will be able to:

• Comprehend the cruciality of setting performance targets for effective real estate investments.
• Uncover the power of adopting the right mindset and psychological approach in real estate investing.
• Master the art of breaking down desired results into feasible tasks that propel investment success.
• Realize the impact of one’s language on self-image and investment performance.
• Nurture a progressive thought process that contributes to triumphant real estate ventures.

Our special guest is Nancy Morris, a renowned expert in the field of business psychology, who is passionate about guiding real estate investors toward success by helping them better understand their mindset and the role it plays in their investment journeys. 

With her extensive background in motivation and mindset, Nancy has shared her invaluable insights through speaking engagements and podcasts, including The REITE Club Podcast. As a close friend of Laurel Simmons, Nancy continues to be a valuable resource for investors seeking to overcome obstacles and achieve their goals in the ever-changing real estate market.

The resources mentioned in this episode are:

• Check out Nancy Morris’ website, nancymorris.com, for more information and resources on business psychology.
• Set specific, measurable performance goals rather than focusing solely on desired outcomes.
• Write down different approaches or strategies for achieving your investment goals each day for a week.
• Focus on what you can control or be in charge of, rather than investing your mindset in external factors beyond your control.
• Seek out a coach or mentor to help guide and support your real estate investment journey.

Get in touch with Nancy Morris
Nancy@NancyMorris.com
https://www.nancymorris.com/
https://twitter.com/NancyMorris

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

Nancy Morris, Psychologist (MSc in Applied Psychology)

Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a PhD. Some of her clients refer to her as an  “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.

For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.

Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.

Nancy has written a book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.