Category Archives: Investing

Understanding The Intricacies of Secondary Suite Conversions



Guest: Ronald De Coteau, Real Estate Investor

Secondary suite conversions are a very lucrative strategy and you can make a lot of money doing it however if they are not done properly, they can cost you just as much. This week’s guest, Ronald De Coteau, Real Estate Investor & President of Property Pathways Inc decided to take action by focusing on secondary suite conversions. He also leveraged his architecture and project management background and started a secondary suite conversion consulting business to help other investors navigate the world of secondary suite conversions.

Ronald has done 100-150 secondary suite designs for clients in the GTA area. He describes himself as the gatekeeper of this strategy and provides insights and advice on converting single-family dwellings into secondary suites. From understanding zoning, obtaining permits, and going through the renovation process his company will be with you every step of the way. His main message is that secondary suites are not a walk in the park, don’t be afraid to reach out to the experts.

In this episode you will learn about:
– The history of the secondary suite strategy
– Criteria for a secondary suite conversion
– Explaining zoning and flood plains
– Misconceptions when converting secondary suites
– Describing heritage buildings and designated areas

Ronald is the President of Property Pathways Inc. and delivers on his promise to pioneer an enriched design and construction management experience for real estate investors and their BRRR projects. He co-founded Property Pathways Inc. after seeking expert advice on the process of converting a single-family dwelling into a two-unit dwelling in Ontario and yielded unsatisfactory results.

By leveraging his years of experience and education in the commercial construction sector, he became a secondary suite zoning bylaws and building code subject matter expert and has since successfully assisted hundreds of real estate investors in Ontario on the legal secondary suite conversions process.

He has helped real estate investors identify Suite-Able properties, prepare building permit drawings, and develop unique renovation strategies. Property Pathways operations have little geographic sensitivity, as we support clients and a BRRR with legal conversion in major real estate investment centers in Ontario.

Navigating municipal zoning bylaws and building code in Ontario can be daunting when considering adding a cashflow property to your portfolio. So, we remove the problem and bridge the gap to creates a pathway to profits.

Get in touch with Ronald:
Website: https://www.propertypathways.ca/
Facebook: https://www.facebook.com/propertypathway
Instagram: https://www.instagram.com/propertypathways/

This episode has been brought to you in part by:
Black Jack Contracting Inc – https://blackjackcontractinginc.ca/

Private Buyers – https://privatebuyers.ca/

Butler Mortgage – https://www.butlermortgage.ca/


How Live-In Flips Led To A Successful Portfolio



Guest: Francois Lanthier, Real Estate Investor
What would you do to get started in real estate? Would you take action or end up with analysis paralysis and not start at all? This week’s guest Francois Lanthier, Real Estate Investor decided to take action by living in his own flip projects. He did this on 3 different occasions over 6 years and then decided to make a change to the long term wealth creation strategy of multi-family.Francois provides insights and advice on how to scale your portfolio. He also shares how he has involved his family with real estate investing and that his kids are excited to get started when they are able. His main message is that you need to have a strong why to help you through the hard times and taking action by starting with one house and going from there.

In this episode you will learn about:
– Mortgage options and strategies for flips
– Financing tips for multi-family properties
– Strategies for approaching buyers with VTBs
– Tips for involving the family
– Self manage vs. property management
– Strategies for finding and dealing with tenants
– The 1% Rule

François Lanthier has been investing in real estate for the past 15 years but with a much heavier focus in the past 2 years after discovering the REITE Club. His portfolio is mostly centred around secondary markets where he’s found the ROI to be exceptional. He now has several multi-unit properties and in different provinces.He is an experienced Marketing and Communications professional with a demonstrated history of working in various industries such as real estate, interior design, consumer goods, professional services, healthcare and much more. He is skilled in Search Engine Optimization (SEO), Sales, Management, Business Development, and Social Media, SEM and email marketing through automated campaigns on Pardot and MailChimp.

Together with his wife and children, he’s building generational wealth with his company FL Homes Corp (Famille Lanthier Corporation).

Get in touch with Francois:
Facebook: https://www.facebook.com/profile.php?id=100005340579857
Instagram: https://www.instagram.com/fl_homes_corp/
LinkedIn: https://www.linkedin.com/in/francoislanthier/

This episode has been brought to you in part by:
White Elm Design Build – https://www.whiteelmdesignbuild.com/Elevation Realty – http://www.elevationrealty.ca/

Butler Mortgage – https://www.butlermortgage.ca/


Sustaining And Building Your Real Estate Investing Business During A Crisis



In this special episode of The Reite Club Podcast, Benjamin Tal answers some of your burning questions and puts some of the concerns to rest on being a real estate investor through this pandemic. The biggest takeaway is to stop, take a breath and consult with trusted sources in order to carefully make meaningful decisions and that this pandemic will pass in time.

Guest: Benjamin Tal, Deputy Chief Economist, CIBC

In this special episode of The Reite Club Podcast, Benjamin Tal answers some of your burning questions and puts some of the concerns to rest on being a real estate investor through this pandemic. The biggest takeaway is to stop, take a breath and consult with trusted sources in order to carefully make meaningful decisions and that this pandemic will pass in time.

In this episode learn about: 

– What real estate investors can expect from the Bank 
– Differences between the market vs. the economy 
– Globalization 
– Purpose built apartment buildings 
– Negative interest rates 
– Gross Domestic Product (GDP)
– Are we in a recession? 

Benjamin Tal is responsible for analyzing economic developments and their implications for North American fixed income, equity, foreign exchange and commodities markets. He also acts in an advisory capacity to bank officers on issues related to wealth management, household/corporate credit and risk.

Well-known for his ground-breaking published research on topics such as labour market dynamics, real estate, credit markets, international trade and business economic conditions, Benjamin not only contributes to the conversation but also frequently sets the agenda.

He has close to 20 years of experience in the private sector advising clients, industry leaders, corporate boards, trade associations and governments on economic and financial issues.

National and global media regularly seek him out for his insight and analysis on economic issues that impact financial markets, consumers, corporations and public policy. He is also a frequent lecturer in the economic programs of various Canadian universities.

Benjamin is a member of the Economic Committee of The Canadian Chamber of Commerce, The Economic Development Committee of the Toronto Board of Trade. He is also a member of board of Governors of Junior Achievement of Central Ontario, and a board member of the Toronto Financial Services Alliance


Special Edition – a REITE Club Founders Conversation



The REITE Club 50th Podcast

Sarah Larbi, Alfonso Salemi, Daniel St. Jean & Laurel Simmons are interviewed together as the founding members on this special edition of The REITE Club podcast.

Guests: Sarah Larbi, Alfonso Salemi, Daniel St.Jean & Laurel Simmons 

Sarah Larbi, Alfonso Salemi, Daniel St. Jean & Laurel Simmons are interviewed together as the founding members on this special edition of The REITE Club podcast.

This is the 50th episode of the podcast. The REITE Club was founded 3 years ago to bring people together to provide education on real estate investing. There were also no clubs of really great value that were in the Burlington/Hamilton region. 

This episode dives into how The REITE Club got started and how the founders met each other and where it is going. There were only 101 attendees at the first event and now there are over 200 attendees.

The REITE Club is a great resource for attendees as there are accountants, lawyers, contractors, insurance brokers etc. in the room and there are various stages of investors from just getting started to investors who have done $10 million dollar development deals.

The mission statement for The REITE Club is “Come Grow With Us” and because of this, there have been many friendships and networks built just by being a part of the club. 

In this episode learn about: 
– How The REITE Club got started
– The growth of The REITE Club 
– Success stories 
– The future of The REITE Club


Insurance Options to Protect Your Generational Wealth



Letitia is a real estate investor and a wealth preservation strategist. She has realized that her knowledge and license in financial services would be able to bring value to real estate investors. She educates them on how they can protect their real estate portfolio from risks both during their lifetime and when it comes down to passing on their estate to the next generation.

Guest: Letitia Montana, Real Estate Investor & Wealth Preservation Strategist

Letitia is a real estate investor and a wealth preservation strategist. She has realized that her knowledge and license in financial services would be able to bring value to real estate investors. She educates them on how they can protect their real estate portfolio from risks both during their lifetime and when it comes down to passing on their estate to the next generation.

For the past few years, Letitia has been developing herself in the world of real estate investing by belonging to groups such as Durham REI, Real Estate Network Toronto, the Thornhill Wealth Forum, and Stilettos & Hammer.; She has also completed seminars with Keyspire and CommercialAcademy.com.

Letitia started her investing journey with a flip project in the Mississauga area in order to supplement her income. However, she felt that it was very time consuming so her next property ended up being a buy and hold. She held onto that property for 5 years, though dealt with tenant issues throughout the term. Consequently, she wants the next property to be in the multi-unit space.

Letitia is a mother to her 4-year-old son and is actively pursuing multiple designations.   

In this episode learn about:
– Taxation
– Different types of life insurance
– Insurance criteria and coverage
– Joint venture partnership and strategies to protect them
 

To get in touch with Letitia:
Website: 
mavenwealth.ca

Email: info@mavenwealth.ca
Phone Number: 647.406.3716


The Tales of Cross Border Flipping & BRRRs



Across the Detroit River Savio is known as “Canadianflipsdetroit”, at home, he is known as “realestateinvestorsav”. In 2018, He netted a profit of $110,000 through flipping in Detroit, of which he shared almost $50,000 with his partners. This was done by purchasing off-market neglected houses and converting them into beautiful single-family homes. His experience there was enriched by, being robbed, sued by a contractor, suing the city, befriending immigration officials, working with city inspectors to name a few of his adventures and he’s still here to tell the tales.

Guest: Savio Almeida, Real Estate Investor

Across the Detroit River Savio is known as “Canadianflipsdetroit”, at home, he is known as “realestateinvestorsav”. In 2018, He netted a profit of $110,000 through flipping in Detroit, of which he shared almost $50,000 with his partners. This was done by purchasing off-market neglected houses and converting them into beautiful single-family homes. His experience there was enriched by, being robbed, sued by a contractor, suing the city, befriending immigration officials, working with city inspectors to name a few of his adventures and he’s still here to tell the tales.

Savio is a full-time real estate investor specializing in fix-and-flips in Detroit, Michigan and buy-and-holds in Windsor, Ontario. His mission is to help you get to financial freedom, safely, faster, without all the screaming!

In 2019, Savio will complete 7 flips and make $280,000 in net profit. During the last 7 months, in Windsor, he purchased 3 buy-and-holds. All of his properties cash flow in excess of $800+ per month and he manages them himself. His focus is on suited single-family homes in South Windsor where the schools are some of the best in Ontario.

In this episode learn about:
– Insights to Detroit and Windsor market
– Investing & Financing differences in Canada and the US
– Why building relationships and having a power team is super important
– Legalities when buying properties


Lessons Learned Making the Transition from Full Time Employment



Scott lives in Georgetown, Ontario, with his wife and two daughters. He has been working in corporate, full time, for large technology companies since 1993, with experience ranging from sales and business development to marketing and product management. He also has a passion for investing in real estate as a vehicle for creating wealth and freedom.

Guest: Scott Zandbergen, Real Estate Investor & Entrepreneur

Scott lives in Georgetown, Ontario, with his wife and two daughters. He has been working in corporate, full time, for large technology companies since 1993, with experience ranging from sales and business development to marketing and product management. He also has a passion for investing in real estate as a vehicle for creating wealth and freedom.

Scott started his side hustle in real estate around 5 years ago as he became frustrated with his poor-performing investment portfolio of mutual funds and ETFs from his employer contribution RRSPs. He realized that the only growth was the money being put in every month and nothing was happening from a market perspective. The light bulb went off and Scott decided to educate himself by attending courses and networking groups to diversify into self-managed real estate investing. 

Originally interested in Rent-to-Owns but after a few interesting experiences, Scott decided to shift his focus to buying single-family homes and converting them to legal duplexes by adding a secondary suite in the basement. This strategy is a proven method of raising property value in a short period of time while maximizing monthly cash flow. Currently, he works part-time at his corporate job in order to have more time to focus on managing his many properties. 

In this episode learn about:
– Property legalization costs and financing tips
– Mortgage plus improvements
– Project processes and how it works
– Ideal Duplex Conversion 
– Choosing contractors
– Finding the right person for your team

To get in touch with Scott: 
Website:
https://scottzandbergen.com/
Email: szandbergen@gmail.com
Instagram: szandbergen
Twitter: https://twitter.com/szandbergen
LinkedIn: https://www.linkedin.com/in/szandbergen


Importance of Education & Coaching to Gain Confidence, Clarity and Achieve Success



Danielle Chiasson is a full time residential real estate re-developer who is looking to serve her community by helping people find a way out of difficult situations and restoring single-family houses for young new families to build their lives and make a home.

Guest: Danielle Chiasson, Real Estate Investor, Speaker, Coach

Danielle Chiasson is a full time residential real estate re-developer who is looking to serve her community by helping people find a way out of difficult situations and restoring single-family houses for young new families to build their lives and make a home.

Although she has had properties all over Canada, Danielle is currently focused in Hamilton, Ontario using flipping as an active strategy, because she likes to have boots on the ground and be close to her projects.

Danielle understood the importance of education and was in no rush to implement being a stay-at-home mom. Therefore, in 2013 she got a coach and started a real estate educational program in the United States in order to learn the industry. Taking action on that knowledge at the end of 2015, to date she has since completed 11 rehabs, as well as, secondary suite conversions, joint venture projects and partnerships.

As a requested speaker Danielle more recently became the founder of a coaching company called Strategic Success Consulting. She has always had a passion for helping others reach their goals, launching her company in May 2018 with the mandate to strategically teach others how to invest in real estate and gain confidence and clarity in moving forward. Strategic Success Consulting runs live events and will be expanding to include webinars and online training in early 2020. 

Originally from the East Coast, in addition to being a full-time real estate investor, speaker and coach consultant, Danielle is a mom to 3 kids.

In this episode learn about:– Importance of education and continual learning
– How to put together private money lender packages
– Why you should avoid partnering with someone you like
– Differences between shareholder partnerships and joint venture agreements
– The secrets to delegating

To get in touch with Danielle: 
Website: 
https://strategicsuccessconsulting.com
Contact Page: https://daniellechiasson.com
Events Page: https://events.strategicsuccessconsulting.com


Award Winning Passive Real Estate Investing



Mark Baltazar started in real estate investing around 5 years ago after spending a couple of years researching and procrastinating and is the founder of Peak Property Investments, a company designed to help real estate investors building wealth through passive real estate investing in multi-family commercial assets and single-family properties through partnerships and coaching.

Guest: Mark Baltazar, Real Estate Investor 

Mark Baltazar started in real estate investing around 5 years ago after spending a couple of years researching and procrastinating and is the founder of Peak Property Investments, a company designed to help real estate investors building wealth through passive real estate investing in multi-family commercial assets and single-family properties through partnerships and coaching.

Winner of the Real Estate Investment Network’s Top Player Award in 2017, Mark continues to build strong momentum in growing his real estate portfolio.  Investing in the GTA and surrounding areas, Mark has developed a proven system to identify strong investment opportunities and take the necessary actions to acquire and grow the value of these assets for his investor partners’ portfolio and his own.  

With 22 doors in his buy & hold portfolio and over 20 flips successfully completed over the last 4 years in key Ontario growth markets, Mark currently leads a team of professionals in the acquisition of multi-family commercial properties to fuel long-term wealth, while continuing to operate a buy-fix-sell (flip) division that generates active income.  In each asset class, Mark works with time-starved investors to help them take action and get past the hurdles that many faces along the path to financial freedom.   

Mark`s business interests also include ownership of a Toronto-based marketing research firm that services some of North America’s leading consumer brands.  

In addition to helping others build their real estate portfolio, Mark’s family life fuels his ‘why’ – he is a husband and father of 3 very active, hockey-playing young boys.

In this episode learn about:– Multi-family and understanding cap rate
– Exponential growth using cap rate
– Financing your project
– Joint Venture insights
-What is NOI (net operating income) how it works and going to the analytics gym

To get in touch with Mark: 
Email: 
Mark@PeakPropertyInvestments.ca
Website:
 PeakPropertyInvestments.ca


Tax and Accounting Changes & Insights for Real Estate Investors



George Dube is a partner at BDO and a veteran tax accountant and investor whose practice focuses on providing the knowledge and tools clients need to increase and preserve the value of their businesses. Around 20 years ago he started to get more involved in working with real estate investors after getting involved in investing himself.  This gives him a synergy with many of his clients and an obvious incentive to stay on top of the latest developments in tax and accounting. 

Guest: George Dube, Real Estate Investor and Accountant

George Dube is a partner at BDO and a veteran tax accountant and investor whose practice focuses on providing the knowledge and tools clients need to increase and preserve the value of their businesses. Around 20 years ago he started to get more involved in working with real estate investors after getting involved in investing himself.  This gives him a synergy with many of his clients and an obvious incentive to stay on top of the latest developments in tax and accounting. 

He is a frequent guest speaker at a variety of meetings, events and workshops in which he addresses a range of tax and accounting topics with implications for real estate investors, with a particular focus on tax strategies. He talks about ways investors can improve communication with their accountants and better organize their financial affairs. George also updates listeners about how their businesses are impacted by rule changes in the accounting and tax industries.

George is a graduate of the University of Waterloo’s Master of Accounting Program, where he completed a double specialization in Taxation and Public Accounting. He also completed the Canadian Institute of Chartered Accountants’ two-year In-Depth Taxation Course.

Also, an author, George has written and contributed to articles in various national and regional publications. He has co-authored two books: 81 Financial and Tax Tips for the Canadian Real Estate Investor: Expert Money-Saving Advice on Accounting and Tax Planning (Campbell, Murji and Dube: Wiley 2010) and Legal, Tax & Accounting Strategies for the Canadian Real Estate Investor (Cohen and Dube: Wiley 2010). He also developed the accountant in-a-box™ program, a cloud-based accounting and bookkeeping solution.

George has a long-time commitment to family, church, community and professional service.

In this episode learn about:– Why is it important to look for real estate specialist accountant 
– The mistakes investors frequently make and what to do about it
– Insights into tax, accounting and the spin-off from there
– Changes investors should be staying on top of. 
– Different strategies for buying properties
– The cost of setting up a trust

To get in touch with George: 
Email:
georgeedube@georgeedube.com
Website:
https://www.bdo.ca/en-ca/our-people/george-dube-1/