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).
Dr. Colleen McQuarrie founded the Ottawa Integrative Health Centre in 2004, and continues her role as the Clinic Director, while practicing as a full time Naturopathic Doctor. Her primary focus is family health, fertility, prenatal care, menopause, pediatrics and functional neurology. In 2010, she was awarded the Ottawa Business Journals “Top Forty under 40” award.
Guest: Dr. Colleen McQuarrie, ND – Naturopathic Doctor
Dr. Colleen McQuarrie founded the Ottawa Integrative Health Centre in 2004, and continues her role as the Clinic Director, while practicing as a full time Naturopathic Doctor. Her primary focus is family health, fertility, prenatal care, menopause, pediatrics and functional neurology. In 2010, she was awarded the Ottawa Business Journals “Top Forty under 40” award.
With over 15 years as a practicing Naturopathic Doctor, Colleen is passionate about health, and provides seminars, workshops and lectures to special interest groups, as well as, medical students and private industry.
Colleen is a member of both the provincial and national Naturopathic Associations (OAND and CAND) since her days as a student. She remains engaged in her profession by acting as the Chair for the Board of Governors at the Canadian College of Naturopathic Medicine (www.ccnm.edu).
In this episode learn about:
What is a Naturopathic Doctor
Common health concerns for entrepreneurs
Stress hormones
Tips to improve our mood at home
Fasting benefits
Prebiotics vs. Probiotics
Book Mentioned:
Attracting Perfect Customers: The Power of Strategic Synchronicity by Stacey Hall
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
Adney Fernandes of A2 Real Estate Investments is a self made multi-millionaire running his own real estate investment firm, who went from investing in condos in Toronto at age of 24 to a portfolio now of 74 properties, buying multi-unit apartment buildings, mixed-use retail plazas, office buildings and more recently buying medical plazas in key cities across Ontario.
Guest: Adney Fernandes, Real Estate Investor
Adney Fernandes of A2 Real Estate Investments is a self made multi-millionaire running his own real estate investment firm, who went from investing in condos in Toronto at age of 24 to a portfolio now of 74 properties, buying multi-unit apartment buildings, mixed-use retail plazas, office buildings and more recently buying medical plazas in key cities across Ontario.
Adney has concentrated on learning and implementing his high-income skill sets that have allowed him to raise over $20 million in Joint Venture funds over the last 5 years with most of those funds invested into commercial properties with active investors and partners. He has also coached and consulted several investors, who have successfully learned and implemented his high-income skills sets, and are now multi-millionaires themselves, running their own real estate firms.
As the President of the OnCom Club, an Oakville, Ontario based networking club, Adney is focused on educating, training, networking and growing the portfolios of current and future real estate investors, so that these investors can acquire and manage a vast array of commercial properties such as multi-unit apartment buildings, strip malls, retails plazas, office buildings, medical plazas, storage unit properties, retirement homes, engage in property development and much more.
In this episode learn about:
– What to look for in a commercial property – Key Indicators when looking at a commercial property – The top 3 mistakes that commercial property investors make – Commercial property financing insights and negotiating – Advertising rental tips for your commercial properties
Getting started investing in student rentals helped Matt McKeever to focus on cash flow at the age of 25 while still full-time employed in public practice as a CPA (Chartered Professional Accountant).
Guest: Matt McKeever, Real Estate Investor and CPA
Getting started investing in student rentals helped Matt McKeever to focus on cash flow at the age of 25 while still full-time employed in public practice as a CPA (Chartered Professional Accountant).
He feared his goal of financial independence and to retire early might not be possible when he hit the 3-5 properties hurdle that many Canadian real estate investors reach after only a few years.
Always resourceful, Matt switched to a job that paid more but that was still not enough. He knew he had to figure out how to speed up the velocity of his money and not rely on doing the one property a year that ‘Matt’s Money’ could facilitate.
He decided that the best way was to learn from others, so he started to network as much as possible both to get insights and ideas and then also to meet investors. Building his portfolio mainly focused on the BRRR strategy, Matt now has 18 properties with around 60 doors and quit his full-time job 3 years ago.
Leveraging technology and setting up standard operating procedures Matt, who lives and runs his business out of a mansion in London, Ontario, is currently in the process of handing over all the day to day management and focus on the strategy and growth.
Originally not seeing the benefit of social media, Matt is now highly active to both promote his business, offer insights to others and also document his own journey on his YouTube channel with over 40,000 subscribers. He also runs networking events including London on FIRE and the OREC Conferences which this year ran in London and Windsor, Ontario. He also is the co-host of the ON FIRE podcast and is a member of the Real Estate Rat Pack.
In this episode learn about: – Overcoming the challenges when reaching the first real estate investor hurdle of 3-5 properties. – Having the right mindset and approach for success. – Best technology tools to systematize the processes and procedures of your real estate business – Social Media tips to help your business grow and get noticed.
Following a major life shift Cory Froc, who has been in a corporate life throughout his career wanted to have more control over his future. He looked at a number of opportunities including franchising but liked the freedom and flexibility that real estate investing offered him.
Guest: Cory Froc, Real Estate Investor
Following a major life shift Cory Froc, who has been in a corporate life throughout his career wanted to have more control over his future. He looked at a number of opportunities including franchising but liked the freedom and flexibility that real estate investing offered him.
In his late 30’s Cory started buying distressed properties in London, fixing them up and refinancing, which he later discovered was called BRRR. Believing transportation as one of the key fundamentals in real estate investing he has spread his portfolio to pre-built condos in Vaughan near a new transport hub. Now, with a couple of joint venture partners, he is looking at properties near to the new GO station in St Catharines.
He is able to have this multi-location strategy because of a big learning curve, not having the best team in place when he was hit in the recession, having 27 doors going from a vacancy rate of zero to 50% in a short space of time. This resulted in his spending weekends in a sleeping bag in his vacant properties and burning through money with negative cash flow. Fortunately, he was able to get beyond that nightmare.
With a constant approach of always expecting the end of a real estate cycle, Cory now has built a robust, multi-million dollar Real Estate Investment Portfolio with 9 properties and has been helping his clients for over 13 years. His passion, vision and expertise in Real Estate Investments have helped him work closely with his clients to get closer to their financial and retirement goals.
When he isn’t finding the next great property for his clients, you’ll find Cory spending time with his family or playing a little hockey.
In this episode learn about:- Setting up teams in different areas – Key factors you need to reconsider – Insights on certain markets and fundamentals – Cashflow strategies – Understanding Joint Venture partnerships
To get in touch with Cory: Website: coryfroc.com Email: cory@coryfroc.com Instagram: @coryfrocinvestments
Roger Sherwood is a young, newer Real Estate Investor having started a little over a year ago and already has two buy and holds and recently bought his first flip. Although he has many of the challenges that younger people face, like student debt he still was open to looking at real estate investing and was immediately attracted to the future freedom it offers.
Guest: Roger Sherwood, Real Estate Investor
Roger Sherwood is a young, newer Real Estate Investor having started a little over a year ago and already has two buy and holds and recently bought his first flip. Although he has many of the challenges that younger people face, like student debt he still was open to looking at real estate investing and was immediately attracted to the future freedom it offers.
His goal is to have 31 doors in 5 years and he focuses on up and coming areas in the Niagara region having already found properties that have future development potential as he builds equity in his portfolio. Roger attributes his early success to taking action and following his mantra of ‘always learning, always growing’ being sure to surround himself with the right people. As he says real estate investing is a team sport.
Roger continues to be employed full-time, is a Certified Engineering Technologist, Professional Quantity Surveyor and Project Management Professional and uses his daily commute as his very own mobile university listening to podcasts and continuing his real estate investing education.
In this episode learn about: – Investing insights and process for the first-time homebuyer investor – Opportunities in the Fort Erie and Port Colborne Market – Understanding the fundamentals before investing in an area – Breaking down some of the figures in his investments
Life was good by most people’s standards but something was missing for Maria. She loved her family and had a great government job but was restless and feeling unfulfilled. Spending 15 years in this unfulfilled life she made the decision to leave her husband and start a new life with her two girls.
Guest: Maria Esposito, Real Estate Investor and Entrepreneur
Life was good by most people’s standards but something was missing for Maria. She loved her family and had a great government job but was restless and feeling unfulfilled. Spending 15 years in this unfulfilled life she made the decision to leave her husband and start a new life with her two girls.
In 2015 she left the security of that government job and pension, liquidated all of her assets and reinvested her life’s savings in the personal development of herself. Having been born and raised in St. Catharines and having such a passion for the region, it made total sense for her to focus her real estate investing business in the area.
Maria is now the CEO of Elite Property Investments Inc. a real estate investment company that she founded together with her partner Carlo Cocozza. Managed by Maria, who has spent time building local government and supplier relationships, the company has quickly built a reputation as St. Catharines market specialists with a laser focus on the downtown core in the multifamily arena. Elite has two main avenues available for real estate investors, one an active focus in off-market opportunities and then secondly a more hands-off passive opportunity.
In this episode learn about: – tips on having a multi-family focus and the benefits of that strategy – how to find good deals and the fundamentals to look for when buying properties – benefits of relationship building with local government and suppliers – the importance of investing in your personal development
George El Masri has been a Realtor since 2013 and is also a Real Estate Investor with 2 properties currently working on his third but has always had a dream of having a big portfolio. He likes to focus on working with young people looking to break into real estate investing and uses his realtor business to focus in that space.
Guest: George El Masri, Real Estate Investor and Realtor
George El Masri has been a Realtor since 2013 and is also a Real Estate Investor with 2 properties currently working on his third but has always had a dream of having a big portfolio. He likes to focus on working with young people looking to break into real estate investing and uses his realtor business to focus in that space.
Born in Toronto, George studied in the French school system and is bilingual. After graduating from the University of Toronto he entered the tech space but the pull of real estate was too strong. He is a strong believer in referrals and works hard at building trust through genuine long term relationships that he underlines with small acts of kindness and handwritten notes.
George is also the host of the monthly Well Off Podcast, interviewing other real estate investors and is also a marathon runner, basketball fan and loves the challenge of stretching his brain by playing chess.
In this episode learn about: – Insights on a day to day job as a realtor – Advantage and disadvantages of being a realtor when looking for their own properties – Tips on how to keep working for people’s best interests. – How to build relationships with clients and prospects
To get in touch with George: Websites: welloff.ca Podcast: welloffpodcast.ca Instagram: @welloffx george@welloff.ca 647 719 2040
Calvin Poon and his fiancée, Lichee, had some initial hard lessons after buying at the height of the market but ended up successfully renting out their first property and then completing a flip.
Guest: Real Estate Investor, Calvin Poon
In this episode learn about:
Insights on developing land and infill developments
Risks and the pros and cons of land development, including financing and costs
Various stages of land development, timelines and processes
The value of mentorship coaching
Calvin and his fiancée, Lichee, had some initial hard lessons after buying at the height of the market but ended up successfully renting out their first property and then completing a flip.
Now they are doing an infill land development project in St. Catharines, Ontario and documenting their journey on their website to help other real estate investors see what it takes to do what they term “Flat (land) to Doormat”.
Not coming from a construction background, Calvin emphasizes that land development and construction is more about your mindset, he has discovered it is 80% mental and only 20% actual construction.