Category Archives: The REITE Club

Having Short Term Pessimism for Long Term Optimism

27 doors, BRRR, career, cash flow, Cashflow strategies, corporate life, Cory Froc, distressed properties, Education, franchising, GO station, Investing, joint venture partners, little hockey, Long Term Optimism., multi-location, multi-million dollar Real Estate Investment, Optimism, Pessimism, Podcast, Podcast Guest, Portfolio, pre-built condos, properties, Real Estate, real estate cycle, Real Estate Investing, Real Estate Investor, refinancing, retirement goals, Setting up teams, Short Term Pessimism, sleeping bag, St. Catharines, The REITE Club, transport hub, transportation, TRC, vacant properties, Vaughan, Weekly Podcast, zero to 50%

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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

Having Real Estate Investing Fund Your Passions and Lifestyle

active realtor, Associate’s Degree in Fine Arts, BFGs, Central Ontario, Dana Snow, Director of Marketing and Communications, Education, first property, first-time buyers, Fund Your Passions, future home, G.T.A., History of Art, Investing, investment property, Joanne, Kawartha Lakes, Lifestyle, Master’s Degree, new investors, Ontario College of Art & Design, orange 1972 Volkswagen van, Podcast, Podcast Guest, punk rock music, Punk Rock Realty Inc, Rancid, Real Estate, Real Estate Investing, Realtor and Artist, Ripcordz, road trip master, the Greater Golden Horseshoe, The REITE Club, TRC, University of Toronto, Weekly Podcast, Wilfrid Laurier University

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Dana Snow is the founder and head of Punk Rock Realty Inc. named after her passion for punk rock music. As a child, she was fortunate to observe and assist her parents in the design, construction and sale of a number of their homes. Inspired by the unlimited potential of real estate, she purchased her first property in her early twenties and has owned countless properties since, employing a wide variety of real estate investment strategies to support her school, art, music, and travel interests.

Guest: Dana Snow, Real Estate Investor, Realtor and Artist

Dana Snow is the founder and head of Punk Rock Realty, Inc. named after her passion for punk rock music. As a child, she was fortunate to observe and assist her parents in the design, construction and sale of a number of their homes. Inspired by the unlimited potential of real estate, she purchased her first property in her early twenties and has owned countless properties since, employing a wide variety of real estate investment strategies to support her school, art, music, and travel interests. 

If you want to know what it’s like to travel North America in an orange 1972 Volkswagen van with friends on a student budget, just ask her. She was a road trip master before there was GPS. Being a creative and expert problem solver helped her then and it still one of her best assets now that the van is gone and she’s moved to the lake.

Fast-forward to today, she has lived, renovated, and transacted in the majority of real estate markets throughout the G.T.A., the Greater Golden Horseshoe and Southern and Central Ontario – from Buffalo, Brantford, Hamilton, and Toronto, to Oshawa / Durham Region, and Peterborough / Kawartha Lakes. She is an active realtor in all of these markets, and able to provide you with the guidance you need to make informed decisions about your future home or investment property.

Her love of learning and trying new things is demonstrated in her extensive education. She holds: a Master’s Degree in the History of Art from the University of Toronto; an Associate’s Degree in Fine Arts / Photography from the Ontario College of Art & Design; Honour’s Bachelor’s Degrees in Philosophy and Contemporary Studies, and a Bachelor’s Degree in Communications from Wilfrid Laurier University; and a Post-Graduate Certificate in Web Design, Development & Maintenance from Humber College. Aside from her scholastic career, she also has over 20 years experience working in the marketing and communications field in various roles including writer, researcher, web developer, graphic designer, and Director of Marketing and Communications.

Some of her favourite bands and musicians include Ripcordz, BFGs, Rancid, Her downtime is spent attending concerts, boating, motorcycling, and hanging out with her wife Joanne and their many pets.

In this episode learn about:
– Dana’s experience and insights into certain markets
– Tips for new investors and first-time buyers in what to look for

To get in touch with Dana: 
Website: www.punkrockrealty.ca
Email: dana@punkrockrealty.ca
Phone:  1-888-999-9731 EXT: 101

Success as a Newbie Real Estate Investor and Lessons Learned

'always learning, always growing', buy and holds, Certified Engineering Technologist, Education, flip, Fort Erie, future freedom, homebuyer investor, Investing, Investing insights, Lessons Learned, mantra, mobile university, Newbie Real Estate Investor, Niagara region, Podcast, Podcast Guest, podcasts, Port Colborne Market, Portfolio, Professional Quantity Surveyor, Project Management Professional, Real Estate, Real Estate Investing, real estate investing education, Real Estate Investor, Roger Sherwood, student debt, team sport, The REITE Club, TRC, Understanding the fundamentals, Weekly Podcast

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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 

To get in touch with Roger: 
Website: https://ontariopropertyfreedom.com/
Facebook: www.facebook.com/ontariopropertyfreedom/
Instagram:www.instagram.com/ontariopropertyfreedom/

Strategies and Insights to Finding and Financing Flips

Buy and Hold, Buy-Fix-Sell, Canadian Real Estate Wealth magazine, Creative Financing, Financing Flips, first-time investor, Flipper, flipping, Flipping Tips, Innerkip, Investing, investing markets, Investor, Investor of the Year, ONREIA, Ontario, Podcast, Podcast Guest, Profit, Real Estate, Real Estate Investing, real estate teams, Residential Real Estate Investing, Shawn Allen, South-Western Ontario, The REITE Club, TRC

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After getting started in real estate investing Shawn Allen realized he had to commit to taking it to the next level, so  5 years ago he left a corporate career in human resources in the automotive industry to go full-time and build one of the busiest real estate teams, flipping 30 properties a year.

Guest:  Shawn Allen, Real Estate Flipper and Investor

In this episode learn about:

– The pros and cons of flipping
– Different strategies to find 30 flip properties a year
– Flipping tips and strategies
– Insights into financing flips
– Crunching the numbers and finding the profit

After getting started in real estate investing Shawn Allen realized he had to commit to taking it to the next level, so  5 years ago he left a corporate career in human resources in the automotive industry to go full-time and build one of the busiest real estate teams, flipping 30 properties a year.

Although specializing in the buy-fix-sell model he has created a large portfolio and gained practical knowledge on everything from flips to buy and hold, joint venture deals to wholesaling, full-scale renovations to creative financing. 

Through his experience developing an in-depth understanding of residential real estate investing Shawn has received numerous nominations for investor awards including Investor of the Year by Canadian Real Estate Wealth Magazine.  

After recognizing the need for an organized, value-driven networking group in South-Western Ontario, he founded ONREIA, The Ontario Real Estate Investors Association and holds monthly education & networking events in London.  He lives in Innerkip, Ontario with his wife Jenn and two boys. 

Get in touch with Shawn:

Email: verandaproperty@hotmail.com

Facebook Personal:  www.facebook.com/shawn.allen.98837
ONREIA:  www.facebook.com/theonreia/
Projects:  www.facebook.com/rescuerealestateteam

Instagram
Personal:   www.instagram.com/shawn___allen/
ONREIA:  www.instagram.com/theonreia
Projects:  www.instagram.com/rescuerealestateteam/

Website:http://onreia.com

Understanding How a Mortgage Broker Can Help You Scale Your Real Estate Investing Business

Amiel Jelinek, Bachelor of Applied Science, commercial buildings, expanding portfolio, GTA, Investing, large multi-family, licensed Mortgage Broker, Mortgage Alliance Company, Mortgage Broker, multi-unit investing, Podcast, Podcast Guest, Professional Engineers Ontario (PEO), Purview Report, Real Estate, Real Estate Investing, Real Estate Investing Business, rent-to-own programs, single-family rentals, The REITE Club, University of Waterloo

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Amiel Jelinek is a full-time licensed Mortgage Broker with Mortgage Alliance Company of Canada located in the GTA and is also an active real estate investor and has been for over 10 years.  He holds single-family rentals as well as large multi-family and commercial buildings.   

Guest: Mortgage Broker, Amiel Jelinek

What you will learn;

  • A Mortgage Agent’s secret sauce – the Purview Report and how it helps investors, especially with multi-unit investing.
  • Some differences between US and Canadian real estate financing
  • Financing everything from single-family units to commercial
  • Tips on expanding your portfolio

Amiel Jelinek is a full-time licensed Mortgage Broker with Mortgage Alliance Company of Canada located in the GTA and is also an active real estate investor and has been for over 10 years.  He holds single-family rentals as well as large multi-family and commercial buildings.   

As a top producing broker Amiel has a wide range of experience from traditional purchases through to the tough deals such as large portfolio investing, handling self-employed income, corporate mortgages and equity lending. His favourite strategy is helping clients get into home ownership through rent-to-own programs.  

Amiel has a Bachelor of Applied Science in Mechanical Engineering from the University of Waterloo and holds a non-practicing Professional Engineers license with Professional Engineers Ontario (PEO) and is a busy father and husband with a young family.  

Get in touch with Amiel:
Website: https://www.jelinekmortgages.ca
Phone Number: 416-402-7448

Understanding What Land Development Involves as a Real Estate Investing Strategy

Calvin Poon, infill developments, Investing, Land Development, mentorship coaching, Podcast, Podcast Guest, pros and cons, Real Estate, Real Estate Investing, Real Estate Investor, The REITE Club, timelines and processes, TRC

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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. 

Get in touch with Calvin:
Website: www.calvinpoon.net

The Philosophical Versus Passion Approach to Real Estate Investing

Alex Kouramanis, Cashflow strategy, Cognitive Science & Philosophy, Florence Littauer, Gary Chapman, Investing, multifamily properties, online courses, Ontario Flipping, Passion Approach, Philosophical, Podcast, Podcast Guest, Real Estate, Real Estate Investing, Real Estate Investor, Skillshare platforms, solid broker, The 5 Love Languages, The REITE Club, Toronto Properties, TRC, Wholesale and Flipping strategies

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Alex Kouramanis is a real estate investor from Toronto, specializing in Wholesale and Flipping strategies throughout Ontario and is easily recognized at investor meetings for wearing his name badge upside down! Double B. A. majors in Cognitive Science & Philosophy and graduating on the Dean’s Honour roll could have meant a very different career path than real estate. 

Guest: Real Estate Investor, Alex Kouramanis

In this episode learn about:

  • Leveraging the internet for sharing knowledge through online courses
  • Having a different mindset and not caring about real estate
  • Cashflow strategy tips and tips on planning and financing your deals
  • Why is it important to have a solid broker
  • The reason he wears his name badge upside down

Alex Kouramanis is a real estate investor from Toronto, specializing in Wholesale and Flipping strategies throughout Ontario and is easily recognized at investor meetings for wearing his name badge upside down! Double B.A. majors in Cognitive Science & Philosophy and graduating on the Dean’s Honour roll could have meant a very different career path than real estate. 

However, after leaving school he invested almost all his savings on a real estate investment program in 2013. With no prior construction experience, Alex borrowed everything to buy his first bungalow in the overheated Toronto market and then worked 7 days a week as a bartender to help cover renovation costs and support himself. 

Alex has still been able to use his degrees and knowledge for practical application by putting together three online courses on the Udemy and Skillshare platforms, with over 11,000 students, covering investment, finance, relationships, personal development, psychology and philosophy.

After a handful of successes in real estate, in 2017, Alex quit his job as a bartender so he could take real estate investment on as a full-time career. As of 2019, he has done over a dozen deals in Ontario, using flips and assignments to create investment capital that he can funnel into rental properties to hold for long term wealth. Alex’s greatest achievement to date is his assignment of a prime Toronto property he bought with a $1 deposit and using under 24 hours of his time, for a whopping $130,000 fee.

When he stops thinking about real estate Alex loves spending his time with his wife and dog, as well as skateboarding, playing videogames, board games, reading, thinking, writing, travel, watching documentaries, enjoying great beer & food, and just about all other things fun. His ultimate goals are to be a professional bum living off of passive income from multifamily properties, to help other investors succeed and to raise a family and grow old with his wife.

Book Mentioned:
Personality Plus by Florence Littauer
The 5 Love Languages by Gary Chapman

Get in touch with Alex:
Facebook: https://www.facebook.com/alex.kouramanis
Facebook Blog: https://www.facebook.com/AlexWillMakeKnown/
YouTube: https://www.youtube.com/channel/UCwbo2biWi3YUQbhCyD5PLw
Udemy:https://www.udemy.com/user/alex-kouramanis/

Benefits of Expanding Your Portfolio Into Short Term Vacation Rentals

Advertising platforms, AM 570 news, Canadian Real Estate Wealth magazine, cottage vacation rental, customer service, Dean Curtis, Investing, Podcast, Portfolio, potential investments, Real Estate, Real Estate Investing, Real Estate Investor, repeat rentals, Serenity Vacation Rentals, short term vacation rentals, The REITE Club, Vacation Rental Success, Vacation Rentals, Your Money Matters

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With over 20 years of investing experience in Ontario, Dean Curtis has chosen over the last 6 years to specialize in the growing investment area of short term vacation rentals. 

Guest: Real Estate Investor, Dean Curtis

In this episode learn about: 
– Looking at the numbers and financials and what else to consider when considering potential investments.
– Key amenities to look for that command higher rentals.
– Challenges you can encounter and how to avoid them.
– Advertising platforms and alternative ways to advertise. 
– The differences in using a property manager for vacation rentals.
– How technology is going to change the market in the future.

With over 20 years of investing experience in Ontario, Dean Curtis has chosen over the last 6 years to specialize in the growing investment area of short term vacation rentals.

Through his management company Serenity Vacation Rentals he has grown his own personal investment portfolio and also manages an inventory of cottage vacation rental properties.

A sought after media source, Dean has been featured in Canadian Real Estate Wealth magazine, and on AM 570 news “Your Money Matters” and the “Vacation Rental Success” podcast.

Dean also coaches investors from start to finish with purchasing the perfect cottage vacation rental, maximizing income potential, furnishing the property appropriately and providing customer service that ensures repeat rentals.

Get it touch with Dean:
Dean can be reached through his website at www.serenityvacationrentals.ca

Looking at Private Equity Investing as a Balanced Approach to Building Wealth

Building Wealth, commercial construction industry, first-time investor, Investing, investing markets, Mortgage Agent, Pinnacle Wealth Brokers, Podcast, Private Equity Investing, Private Market Specialist, Profit Magazine, Real Estate, Real Estate Investing, Real Estate Investor, Steve Blasiak, The REITE Club

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Steve Blasiak paints a very different picture now from an early career in the paint industry. Stemming from a background immersed in the residential and commercial construction industry, he brings over 30 years of accumulated experience to his current passion and position in wealth management consulting. 

Guest: Real Estate Investor & Wealth Management Consultant, Steve Blasiak

In this episode learn about: 
– Insights on different investing markets
– Private equity investing and why we don’t hear more about this
– The private equity investing risks 
– Steps to take for the first-time investor

Steve Blasiak paints a very different picture now from an early career in the paint industry. Stemming from a background immersed in the residential and commercial construction industry, he brings over 30 years of accumulated experience to his current passion and position in wealth management consulting.

Comfortably transitioning from on-site to behind-the-scenes, Steve now enjoys the role of finding a match between investor and investment as a Private Market Specialist and Mortgage Agent with Pinnacle Wealth Brokers who have been recognized as one of the top growth companies in Canada in 2013 and 2018 by Profit Magazine. 

Recognizing a sound investment opportunity includes all aspects; from concept and strategy to the communication and execution for everyone involved. Steve’s mission is to maximize all potential gains for both investor and investment success.

Get it touch with Steve:
Website: https://pinnaclewealth.ca
Email:  steven.blasiak@pinnaclewealth.ca
Phone: 416-464-3085