Category Archives: REITE Club

Lessons Learned In Scaling Up To Over 200 Doors

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

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Guest: Sandy MacKay, Real Estate Investor & Realtor

Did you know that 90% of all millionaires become so through owning real estate? But to achieve that status you need to take action. Well this week’s guest, Sandy MacKay, Real Estate Investor & Realtor, built up his portfolio to over 200 doors by taking action. He has done everything from creative wholesaling deals, fix & flips, JVs, buy and hold and multi-family. His company now helps clients build generational wealth through real estate.


Sandy provides insights and advice on being an investor-focused realtor and insights on how to scale up your portfolio. His main message is to take action and stop wasting time continuously reading and listening to things. Instead, go out and apply the learning and grow along the way.

 

In this episode you will learn about:

– Going from an investor to a realtor
– Pros and cons of getting a realtor’s license
– Finding deals and lessons in scaling up
– Who is the perfect JV partner?
– Getting the conversation started for a JV partnership

Sandy Mackay is an experienced realtor and investor with Keller Williams Complete Realty in Hamilton, Ontario. He has worked on hundreds of real estate transactions since 2011 when he got his start as a private sales consultant with PropertyGuys.com and also as a real estate wholesaler. He began his investment career in the Durham Region and now focuses on Hamilton where he currently resides.His main focus currently is to provide a world-class experience for his clients and acquiring great investment properties for himself and his partners. Sandy is also one of the hosts of the Breakthrough Real Estate Investing Podcast,
Get in touch with Sandy:

Website: https://mackayrealtynetwork.com/
Instagram: https://www.instagram.com/mackayrealtynetwork/

Telephone #: 416-567-3866
Email: sandy@mackayrealtynetwork.com

This episode has been brought to you in part by:

Canadian Real Estate Association – https://www.crea.ca/

Elevation Realty – http://www.elevationrealty.ca/
Butler Mortgage – https://www.butlermortgage.ca/

Understanding JV Agreements From A Legal Perspective

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

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There are so many things to consider when negotiating a JV agreement such as what to include in a JV agreement, how do you protect yourself, and how do you terminate the agreement if things don’t work out? Also, what are some of the conversations that each party should have ahead of time?

This week’s guest, Ryan Carson, Lawyer and also a Real Estate Investor, provides legal insights and advice on JV agreements and how to put them together. His main message is to have conversations ahead of time before agreeing to a JV partnership and consult a lawyer throughout the process.

Ryan also discusses the advantages and disadvantages of incorporating for realtors as they are able to do so in Ontario as of October 1, 2020.

In this episode you will learn about:
– Types of JV agreements
– Important conversations and topics to cover
– Terminating JV contracts
– How letters of intent work
– Advantages & disadvantages of incorporating as a realtor

Ryan Carson is the fearless leader of the Carson Law team, establishing the firm in 2013 after working for someone else for 6 years. An undergraduate of Acadia University, Ryan majored in Kinesiology with intentions of going into the sports business or becoming a pro sports agent. The only athlete he ever represented never made it very far and Ryan found his true calling was working intimately with people, families, and businesses. His main focus is in corporate law, wills & estates and real estate law.

One of Ryan’s greatest accomplishments is the fact that he has grown from being a one lawyer shop with only a single administrator to where he now oversees the daily operations at two law firms that employ over 20 people combined. However, Ryan is most proud of the beautiful family that he has built, consisting of his wife and two children.

Ryan can be considered the office philosopher as he often talks about finding the perfect work-life balance, which he pursues by filling his time away from the office with golf, hockey, baseball, time with family and on whatever beach he can find.

Get in touch with Ryan:
Website: https://www.carsonlaw.ca

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/

Helping You Reach Your Goals & Finding Solutions

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

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Guest: Mark Frentz, Real Estate Investor & Executive Coach

We want to have more time, more freedom, more money, better relationships, but in order to get what we want, we need to DO specific things in a specific way, and the only way to ensure we can accomplish this we first need to become.

This week’s guest Mark Frentz, Real Estate Investor & Executive Coach helps business people find their passion, tap into their confidence & make money doing what they love.
His main message is that we need to trust ourselves enough to invest in ourselves. Also, smile more, seek to understand and listen to people because you learn when you are listening. If you put the time and patience into something this will all lead to your success.

In this episode you will learn about:
– Common things people can’t get past
– Solutions to the fear of sales
– Tips on networking virtually
– Strategies for attracting JV partners
– Tips for practicing patience
– Action items for planning

At the age of 20, Mark sat in an audience where the speaker challenged “become sagacious in order to invest in others” This ignited a spark in him, a lifelong passion was born. To learn and grow in multiple areas and disciplines making it possible to invest, support and experience positive change in himself and those who reached out to him.

Over the past 17 years Mark has lived in Sweden, then in China, studied multiple languages, achieved a master’s degree in psychology, and thrown himself into fields that much of our society talks about with discomfort. His draw always to reach those who are in the deepest need. Supporting his greatest passion to journey with others no matter where they find themselves in order to grow, together, at a pace that fits the individual.

Home is Calgary working as a consultant with the Proctor Gallagher Institute focusing on how people can reach much more of their potential by understanding their deepest desires and then learning motivation and moving past procrastination toward success, inspiration, and fulfilment in life.

Get in touch with Mark:
Website: https://markfrentz.com/
Instagram: https://www.instagram.com/markfrentzcoaching/

This episode has been brought to you in part by:
The Canadian Real Estate Association – https://www.crea.ca/

Elevation Realty – http://www.elevationrealty.ca/

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

Understanding The Intricacies of Secondary Suite Conversions

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

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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

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

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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/

Special Edition – a REITE Club Founders Conversation

alfonso salemi, come grow with us, daniel st jean, Education, Investing, Laurel Simmons, Podcast, Real Estate, Real Estate Investing, real estate investing education, real estate training, REITE, REITE Club, sarah larbi, The REITE Club

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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

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

Noises, Voices and Facing Big Challenges

Big Challenges, Consultant, Consulting, daniel st jean, Education, Founder, Investing, Investor, Laurel Simmons, Noises, Podcast, Podcast Guest, Positive Reinforcements, Real Estate, Real Estate Investing, REITE Club, rent to own, Safe and Sound Real Estate Investment Group, Speaker, Trainer, TRC, Voices

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Laurel Simmons bought her first investment rental property in the early 80s when she really didn’t know what she was doing. Fast-forward to today, along with her husband, Daniel St-Jean, Laurel is a partner in Safe and Sound Real Estate Investment Group which specializes in rent-to-own with over 50 properties.

Guest: Laurel Simmons, The REITE Club Co-Founder and Real Estate Investor

In this episode learn about:
– Facing big challenges on your projects
– What the biggest voice says and its effects
– Tips on how to get positive reinforcements

Laurel Simmons bought her first investment rental property in the early 80s when she really didn’t know what she was doing. Fast-forward to today, along with her husband, Daniel St-Jean, Laurel is a partner in Safe and Sound Real Estate Investment Group which specializes in rent-to-own with over 50 properties. 

She’s a Co-Founder of The REITE Club and is affectionately known as the Grounding member because she holds the other Co-Founder’s toes to the fire to help make sure the club’s events are the best they can possibly be.

Laurel spent over three decades working in the consulting world both with hi-tech and government organizations. She traveled the world as a consultant, speaker and trainer and now she’s travelling to where she wants to go WHEN she wants to go and for as LONG she wants to go without in any way having to worry about her clients.

To get in touch with Laurel: 
Email Laurel at laurel@thereiteclub.com

Laurels Upcoming Book Laurel’s upcoming book The Why Factor – Why I Eat and Drink My Way Around the World and Why You Can Too will be released soon. Go to www.TheWhyFactorBook to be notified when and you’ll get free access to a short audio called What’s Your Story?

Millennial Approach to Real Estate Investing Success With Limited Funds or Experience

Canadian Real Estate Wealth magazine, coach, Entrepreneurial Mindset, full-time investor, international professional athlete, Investing, mentor, Millennial, Millennial Approach, multi-family properties, Podcast, Real Estate, Real Estate Investing, Real Estate Investor, REITE Club, Sarah Eder, Sarah Eder Investments, standard deal, Take Back Mortgage

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Sarah Eder went from a former international professional athlete to raising over 7-figures in real estate investments in a little over 3 years. As the owner of Sarah Eder Investments, she approaches the real estate investing world differently than most, with an innovative approach and the mind of a savvy, socially connected millennial.  

Guest: Real Estate Investor, Sarah Eder

In this episode learn about: 
– Understanding a Vendor Take Back Mortgage
– What to do when you can’t find a deal.
– Leveraging social media to gain more than visibility.
– Structuring for a standard deal.
– Tips for short and long-term goals.

Sarah Eder went from a former international professional athlete to raising over 7-figures in real estate investments in a little over 3 years. As the owner of Sarah Eder Investments, she approaches the real estate investing world differently than most, with an innovative approach and the mind of a savvy, socially connected millennial.  

Her firm focuses on flips, multi-family properties, and more lately, larger-scale developments and commercial conversions. She specializes in
multi-family properties and has funded an entire portfolio using none of her own money. 

Now a full-time investor, coach, and mentor, Sarah is constantly developing innovative ways to raise capital, as well as mentoring others on how to successfully use joint ventures. She has been on multiple stages speaking about these topics and her success has been recently featured in Canadian Real Estate Wealth magazine. 

Get in touch with Sarah:
Website: www.saraheder.com

Email: sarah@saraheder.com

Social media tags: @sarahederinvest

Real Estate Investing’s Hot Strategy, Understanding Legal Second Suites with Ken Bekendam.

building code requirements, container businesses., drawings, duplexes, four-plexes, Investing, Ken Bekendam, King Homes Inc, legal basement conversion, Legal Second Suites, millennial investor, Podcast, project management, Real Estate, Real Estate Investing, Real Estate Investor, REITE Club, rental property renovations, second suites, self-storage, student rentals, triplexes, zoning

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Through his company King Homes Inc, Ken Bekendam helps and advises other investors with their portfolios through rental property renovations and in particular legal second suite conversions. Ken does permit drawings and project management and currently has 6 legal second suite bungalows under construction in Brantford and Hamilton.

Guest: Real Estate Investor, Ken Bekendam

Through his company King Homes Inc, Ken Bekendam helps and advises other investors with their portfolios through rental property renovations and in particular legal second suite conversions. Ken does permit drawings and project management and currently has 6 legal second suite bungalows under construction in Brantford and Hamilton.

In this episode learn about: 

– What is a legal basement conversion and how long can a project take from start to finish?
– Tips to meet building code requirements and the minor variance process.
– Where to find the information needed for zoning and drawings.  
– The benefits of real estate investing when life throws you curveballs.

As a young, millennial investor Ken got started investing personally in 2010. He and his partners (Dad and 2 brothers) own and manage a diverse portfolio of 50 plus rental units including student rentals, second suites, duplexes, triplexes, four-plexes, self-storage and container businesses. 

Ken lives on a hobby farm with his family and over 35 alpacas! 

Get in touch with Ken:

Website: Download his property verification checklist www.legalsecondsuites.com/checklist 
Facebook: https://www.facebook.com/kenbekendam
Twitter: https://twitter.com/kenbekendam