Category Archives: Real Estate Investing

Secrets of Team Work From The BRRRR Power Couple

Education, Podcast, Real Estate, Real Estate Investing, The REITE Club

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Jenn and Michael Richter of Double E Properties, personify the word teamwork by growing an 11 property portfolio as a married couple while raising two young girls. They started their real estate investment journey 5 years ago when they were not happy with the 7% RESP the bank was offering.

Guest: Jenn and Michael Richter, Real Estate Investors & Speakers

Jenn and Michael Richter of Double E Properties, personify the word teamwork by growing an 11 property portfolio as a married couple while raising two young girls. They started their real estate investment journey 5 years ago when they were not happy with the 7% RESP the bank was offering.

They realized that their one rental property had a better return and joked around with the idea of buying a property for their 3-month-old baby and they did. Then, they had a second daughter eighteen months later and had to buy her one to not play favourites. This proceeded into a joke between the two of them of buying “just one more” which quickly turned into 10 properties.

At the time, Jenn and Michael were buying only pre-construction and new build homes in Milton and Guelph. However, after recognizing the change in the market, they focused their attention on an additional strategy, creating legal secondary suites on the Hamilton mountain.

Jenn and Michael focus on the BRRRR philosophy as it creates passive income for their investors through forced appreciation. Michael and Jenn love sharing their passion about real estate by speaking at real estate networking events, hosting their own YouTube video channel, Double E Properties, being guests on podcasts, and have been featured in Canadian Real Estate Wealth magazine more than once.

In this episode learn about:

– New build strategy process
– Financing and planning
– Obstacles
– Managing budgets and other numbers
– Tips for working with your spouse

To get in touch with Jenn and Mike:
E-mail: doubleeproperties@gmail.com
Website: doubleeproperties.ca

Instagram & YouTube: Double E Properties

From Dental Hygienist To New Build Mogul

Education, Podcast, Real Estate, Real Estate Investing, The REITE Club

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Karen was introduced to the real estate industry when she was a teenager in London, Ontario back in the 1980s when her stepfather invested in a number of properties by taking old buildings and converting them into student rentals. Karen worked in all aspects of the property management side of the business from purchases, renovations and rentals. Once the interest rates spiked, her stepfather sold those properties and she took a hiatus from real estate.

Guest: Karen McAdam, Real Estate Investor, Author & Speaker

Karen was introduced to the real estate industry when she was a teenager in London, Ontario back in the 1980s when her stepfather invested in a number of properties by taking old buildings and converting them into student rentals. Karen worked in all aspects of the property management side of the business from purchases, renovations and rentals. Once the interest rates spiked, her stepfather sold those properties and she took a hiatus from real estate. 

Karen went to school and ended up in the Dental industry working as a Dental Hygienist for 15 years. She was reintroduced to the real estate industry by her employer, a Dental Entrepreneur, who was buying and selling dental offices and she would work closely with him on those deals.  

Today, Karen has vast experience in the real estate industry, including but not limited to: 

  • how to purchase property for your own needs
  • how to purchase property for rental income
  • how to complete renovations, building custom homes and purchasing property for investment. 
Her portfolio consists of mainly new builds, though she does have a couple of vacation properties in Florida and in Hollywood, California.

Real Estate is Karen’s passion and she enjoys the freedom of passive income, the leisure of travel and work at the same time, the creative side of financing deals and the creative design putting together a functional home for a family or a design for supplemental income. As the saying goes, when you find something you love to do, it no longer feels like work.

In this episode learn about:

– New Build Strategy and Process
– Advantages and Disadvantages of New Build
– Analyzing the Property
– Financing and Exit Strategy
– Type of Buyers to Look For

To get in touch with Karen:
Website: www.preferentialpropertyinvestments.ca
Email: info@preferentialpropertyinvestments.ca
Phone Number:’ 416-876-3569

Social Media
(FACEBOOK) @preferentialpropertyinvestments
(INSTAGRAM) @preferentialproperty
(YOUTUBE) @preferentialpropertyinvestments

Mastering The Wholesale Game From Canada’s Most Successful Wholesaler

Education, Podcast, Real Estate, Real Estate Investing, The REITE Club

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Luc Boiron grew up in a real estate family so naturally, he developed an interest in real estate at an early age. He purchased his first rental property at the age of 18 while completing his undergraduate studies.

Guest: Luc Boiron, Wholesale Specialist & Real Estate Investor

Luc Boiron grew up in a real estate family so naturally, he developed an interest in real estate at an early age. He purchased his first rental property at the age of 18 while completing his undergraduate studies.

After becoming a licensed lawyer, Luc made the bold decision to change his career path and pursue real estate investing full-time. In just a year and a half, Luc had flipped 15 properties and developed a thriving business.

Since then he has purchased over 25 properties for a mix of flips, cottage rentals and long-term rentals. His primary focus is flipping contracts or wholesaling and he is currently buying 2-3 houses per week with a goal to hit 100 properties in the next year.

He has a strong track record of working with sellers and helping them reach their goals, with a belief that honesty and integrity are the foundation of a good business and this shows in his dealings with homeowners.

Luc is also the founder of a monthly Real Estate Investor Meet-up in Toronto and has been featured on several Canadian Real Estate podcasts.

In this episode learn about:

– Finding good deals & the importance of marketing
– The wholesale process
– Handling multiple deals
– Time management
– Negotiating tips

To get in touch with Luc:
Website: www.cashhousebuyer.ca
Email: lucb@cashhousebuyer.ca or kacy@cashhousebuyer.ca

Insurance Options to Protect Your Generational Wealth

Education, Investing, Podcast, Real Estate, Real Estate Investing, The REITE Club

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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

Education, Investing, Podcast, Real Estate, Real Estate Investing, REITE Club

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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

Education, Investing, Podcast, Real Estate, Real Estate Investing, The REITE Club

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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

Education, Investing, Podcast, Real Estate, Real Estate Investing, Real Estate Investor, The REITE Club

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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

Education, Investing, Podcast, Real Estate, Real Estate Investing, The REITE Club

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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

Education, Investing, Podcast, Real Estate, Real Estate Investing, The REITE Club

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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/

Creative Strategies to Structure Different Real Estate Investments

Education, Investing, Podcast, Real Estate, Real Estate Investing, The REITE Club

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There is not a real estate investment strategy that Mathew Frederick hasn’t executed over the last 25+ years including residential, commercial, new development, raising capital, land development, storage units. USA and off-shore.

Guest: Mathew Frederick, Real Estate Investor

There is not a real estate investment strategy that Mathew Frederick hasn’t executed over the last 25+ years including residential, commercial, new development, raising capital, land development, storage units. USA and off-shore.

With a constant mindset of learning, Mat knew he was not going to stick to one strategy, he started in residential income property then expanded to buy-fix-sell, lease option, commercial buildings and new development projects. 

Mat has led projects renovating properties which includes partnering with a developer over the past 10 years to build 240 houses and low-rise condo buildings. He now focuses on managing the assets of commercial portfolios including mixed retail and residential plazas and multi-use storage units.

Using his creative skills to developing alternative approaches Mat also coaches and mentors investors in real estate and business acquisition. 

In this episode learn about:
– Investing strategy differences like a double VTB 
– Tips on finding the right partners in all aspects
– Market insights into investing in Belize
– Creative steps and processes to structure deals
– Lessons learned in being both successful and when making mistakes

To get in touch with Mathew: 
Email: Mathew.f@rccsol.com
Website: www.rccsol.com
Phone Number: (289) 440-2335