From flipping a simple duplex to building communities, Drew Toth’s journey in real estate is one of hard work, unwavering dedication, relentless effort, and an unquenchable thirst for knowledge; his story is defined by its unique and unforeseen twist: a profound commitment to both financial prosperity and social responsibility. Now the proud founder of Elevate Living, his company is well on its way to completing its first 129-unit rental building.
In this episode, you will be able to:
Discover insights on embarking upon a fruitful real estate investing journey.
Grasp the vital role of constant learning and networking for success in this field.
Learn about the nuances of land development strategies and associated challenges.
Understand the significance of cultivating valuable relationships in real estate.
Delve into Elevate Living’s commitment to financial stability and social responsibility.
Drew is an exceptional real estate developer whose unwavering commitment to excellence has revolutionized the industry through his visionary company, Elevate Living. With an innate passion for crafting exceptional living spaces, he has set new standards in the field.
His remarkable journey in real estate began with the successful transformation of a duplex. Since then, he has amassed an impressive portfolio, boasting 96 projects valued at over $100 million over 14 years. His extensive experience serves as a testament to his expertise and unwavering dedication.
Beyond his remarkable achievements, he is an ardent financial and social responsibility advocate. He values fostering enduring relationships, prioritizing the long-term impact of his endeavours rather than pursuing short-term gains. By embracing this philosophy, he strengthens business connections and contributes to the development of thriving communities where residents take immense pride in their homes.
Drew’s visionary approach and unwavering commitment to excellence have propelled him to the forefront of the real estate industry. Through Elevate Living, he continues to redefine the boundaries of innovation and create remarkable spaces that enrich the lives of those who inhabit them.
Social media has become a transformative force in today’s linked world as information spreads quickly, changing how people communicate, share ideas, and conduct business.
Among its myriad applications, the real estate industry has harnessed the potential of social media platforms to foster connections, engage with investors, and propel growth. One expert who has successfully navigated this digital landscape is Dave Dubeau, a renowned figure in real estate investment.
This episode continues our conversation from part 1 of last week’s episode with Dave, where he shared Expert Tips for Establishing Credibility and Raising Your First $100,000.
In this episode, you will be able to:
Unlock the secret to establishing valuable relationships with key real estate players.
Explore the impact of sharing your real estate experiences on social platforms for growth.
Realize the dangers of over-estimating or under-estimating potential investors.
Find out how perseverance and taking chances can kickstart your real estate ventures.
Understand why having a capital-raising strategy early on sets you up for investing success.
Please get to know Dave Dubeau, an experienced real estate investor who has made it his mission to provide an authentic look at his journey through social media. Dave believes that sharing the highs and lows of real estate investing can help empower and educate beginners. His personable, conversational approach invites his audience to follow along comfortably and engagingly as they explore the ins and outs of real estate investing.
His journey into real estate investing started with a twist of fate. Faced with limited job prospects and no credit, he dove headfirst into the world of real estate and completed 18 deals in just 18 months. He recognized the power of social media as a platform to document his real estate journey, and he wholeheartedly embraced it. Through sharing his experiences, both triumphs and setbacks, he captivated the attention of potential investors and forged invaluable partnerships.
Today, Dave dedicates himself to guiding novice real estate investors, teaching them how to leverage social media platforms effectively. He empowers others to showcase their journeys and connect with like-minded individuals who share their passion for real estate.
In the dynamic world of business and finance, establishing credibility and raising capital are paramount for entrepreneurs and investors alike. Aspiring to build a solid foundation and secure the necessary resources to turn their visions into reality, individuals often seek the guidance of experienced professionals who have mastered these crucial aspects of the industry. One such expert is Dave Dubeau, a renowned authority in the realm of real estate investing and capital acquisition.
In this episode, you will be able to:
Understand the significance of pinpointing your niche to pique the interest of potential investors.
Master the art of securing your first $100,000 by showcasing your credibility among existing contacts.
Employ innovative techniques for generating revenue through real estate and short-term rentals.
Recognize the impact of networking and maintaining a strong presence in the real estate investing community.
Find ways to dive into lucrative deals and contribute value to obtain equity in return.
Dave Dubeau, a real estate entrepreneur, podcaster, bestselling author, and private capital specialist, resides in Kamloops, BC. With an impressive track record and years of experience in the industry, Dave has developed strategic and targeted methods that go beyond traditional approaches to raising capital, enabling investors to attract funding effectively and build prosperous partnerships.
His unique approach focuses on creating curiosity, fostering genuine connections, and providing value to potential investors, resulting in a win-win scenario for all parties involved.
He emphasizes that selling, marketing, and networking are transferable skills that can be refined through determination and practice. Investors must recognize that rejection is a natural part of the investment process and that perseverance is key.
By continually refining their skills, beginner investors can gradually move past the fear of rejection and establish successful real estate ventures.
What truly distinguishes Dave is not only his expertise but also his genuine passion for helping others succeed. Beginners and aspiring investors find his friendly and approachable personality incredibly valuable as they navigate the challenges and intricacies of the real estate landscape.
With his guidance, they can gain the necessary knowledge, confidence, and strategies to establish credibility and achieve remarkable results in their own ventures.
As cities evolve and societal needs shift, the repurposing of commercial buildings and the initiation of land development projects have emerged as crucial strategies for optimizing urban spaces and fueling sustainable growth. These endeavours not only breathe new life into underutilized structures but also pave the way for innovative and purposeful land use.
This week’s podcast episode is Part 2 of a conversation with Ken Bekendam with a focus on Transforming Historic Buildings into Luxury Living Spaces.
In this episode, you will be able to:
Grasp the significance of adhering to zoning bylaws and building codes for smooth project completion.
Explore the financial and environmental advantages of repurposing commercial properties into residential spaces.
Embrace the necessity of innovative approaches and novel ideas in the competitive real estate sector.
Discover ways to maintain humility and eagerness to learn for a thriving real estate investment journey.
Envision how the housing landscape will be influenced by land development and preserving historical sites.
Ken Bekendam is an accomplished real estate investor and architectural design consultant who specializes in transforming commercial buildings into residential spaces. He has a background in landscape architecture and has founded his own company that focuses on designing, building, and managing construction projects. Ken’s team of talented designers collaborates to create sustainable and innovative solutions for underutilized spaces.
There are numerous opportunities for real estate investors to explore when it comes to repurposing commercial buildings and initiating land development projects. Ken shared his passion for unique ventures such as a 68-unit stacked townhouse development and an adaptive reuse project that transformed a church into luxury apartments. His innovative mindset and willingness to tackle challenging projects breathe new life into existing spaces, bolster the local economy, and provide diverse housing options.
He also emphasizes the importance of preserving heritage buildings and engaging in respectful consultations with indigenous communities. By integrating history, culture, and tradition into his developments, Ken contributes meaningfully to communities while creating valuable housing opportunities.
Property conversions for multifamily usage have become increasingly popular in the dynamic world of real estate development. Reusing existing buildings presents an alluring possibility as urbanization continues to fuel demand for homes. Ken Bekendam is here to share the key factors to consider when converting properties for multifamily use.
In this episode, you will be able to:
Explore creative ways to revamp existing homes and enhance housing availability.
Delve into the intricacies of zoning and building code rules for multigenerational living spaces.
Recognize the advantages of embracing lot severances as a foundation for land development projects.
Understand the impact of compliance with building codes and zoning regulations on a flourishing real estate business.
Ignite your innate curiosity and problem-solving prowess to excel in real estate ventures.
Ken Bekendam is a real estate investor and contractor who has honed his skills in transforming existing properties into multi-unit dwellings. He possesses extensive knowledge and experience in construction, zoning bylaws, and building codes, making him a valuable asset for investors who want to maximize the potential of their properties.
One of Ken’s key areas of focus is converting houses into multi-unit rentals. By utilizing his expertise, he helps investors identify opportunities to add additional housing units to existing properties, thereby increasing rental income potential. This approach is not only financially beneficial for investors but also addresses the growing demand for affordable housing and promotes densification in urban areas.
He also mentioned that when converting houses and adding housing units, it’s crucial to understand and comply with zoning regulations and become familiar with the relevant bylaws. Compliance with zoning rules mitigates renovation issues while adhering to building codes ensures safety and cost-effectiveness. Ken advises looking for sizable buildings with deep lots for zoning compliance and properties with generous side yards for parking. Understanding these considerations is vital for successful multifamily conversions.
Have you heard these myths about the importance of communication and collaboration in real estate transactions?
Myth #1: You don’t need to communicate with your team, just let them do their job.
Myth #2: Collaboration is a waste of time – you’ll get more done working alone.
Myth #3: Communication is overrated – just get the deal done.
But here’s the truth: effective communication and collaboration are essential for successful real estate transactions. And our guest, Raj Malhi, is here to share why.
In this episode, you will be able to:
Strengthen your ability to collaborate and maintain open lines of communication in real estate transactions.
Tackle emotions and establish realistic expectations in the negotiation process.
Master the process of qualifying tenants to ensure a mutually beneficial relationship and the protection of client interests.
Pursue a path of serving others to unlock your full potential and foster personal growth.
Explore the advantages of starting your savings and real estate investment journey at a younger age.
Set boundaries in your real estate business to ensure a healthy work-life balance and avoid burnout.
For those feeling frustrated and defeated because their collaborative mindset fails to yield successful real estate deals, Raj Malhi’s insights will offer solace. Her journey from struggling student to successful real estate expert showcases her determination and growth. Her story goes beyond professional success, as she demonstrates empathy and resilience in unexpected ways. Through her personal experiences, Raj has become an inspiring leader who has been shaped by the challenges she has faced.
Raj Malhi is a highly respected real estate agent and educator with over six years of experience in the Greater Toronto Area market. With a Master of Science in Education, Raj combines her passion for teaching with her extensive knowledge of real estate, providing a personalized approach that suits the learning styles of her clients.
She emphasizes effective communication and collaboration, empowering her clients with the confidence and knowledge to navigate the market successfully. Raj highlighted the importance of having a growth mindset that emphasizes learning, open communication, and flexibility when dealing with the challenges and opportunities in real estate investments.
She shares her own experiences with failure and success in the industry, emphasizing the importance of learning from setbacks. She encourages sharing these lessons with others, particularly newcomers. By being honest and open, personal and professional development can be positively influenced.
Her dedication to serving her clients and her innovative approach to real estate have made her a sought-after professional in the industry, as she strives to guide investors, buyers, and sellers toward achieving their property goals.
Are you a Canadian real estate investor looking to make a splash in the US, but feeling held back by common myths about investing across the border? Have you heard that the process is too complicated, too risky, or simply not worth the trouble?
Let’s bust those myths once and for all. Here are three major myths about investing in US real estate as a Canadian, and Glen Sutherland is here to share the truth with you, an expert in navigating the complexities of investing in US properties as a Canadian.
In this episode, you will be able to:
Decode differentiating factors and hurdles Canadian investors face in the US real estate market.
Identify frequent blunders committed by Canadians while venturing into the US property sphere.
Gain proficiency in effective tactics to achieve fruitful outcomes in US real estate ventures.
Recognize the value of forming a robust squad and skillfully tackling risks in property investing.
Learn to adjust to dynamic market conditions using insights garnered from the COVID-19 crisis.
The resources mentioned in this episode are:
Consider investing in the US to take advantage of more landlord-friendly laws and lower price points.
Diversify your portfolio by investing in different asset classes and markets to hedge against economic uncertainty.
Start with one strategy and market before expanding to others to build relationships with property managers and contractors.
Be aware of the potential disadvantages of investing in the US, such as higher lending rates, currency exchange risks, lack of privacy, and dealing with taxes in two different countries.
Research specific markets in the US, such as the southern and coastal areas for appreciation and the Midwest for cash flow.
Look into investing in both single-family homes and multi-unit properties to maximize income streams.
Don’t be afraid to get started and learn as you go, but seek training, coaching, and mentoring to avoid common mistakes.
Mistakes Canadians Make Canadian investors should be aware of the potential pitfalls when investing in the US market. These can include assuming the investment process is the same as in Canada, buying off the MLS at fair market value, and a lack of understanding of local school zones or crime maps.
Additionally, managing the legal and tax implications surrounding cross-border investments can be a common stumbling block for investors. Glen Sutherland advises avoiding these mistakes by doing proper research, seeking professional guidance, and understanding the nuances of the American real estate market.
He also suggests getting the contractor going with some materials and then doing it like draws by paying for only completed work to avoid losing money should the contractor walk away.
Reasons to Invest in the US The United States offers numerous advantages for Canadian real estate investors, including favourable landlord laws, rent-to-value ratios, and pricing. Many have found that investing in the US can lead to higher cash flow and better return on investment compared to the Canadian market.
However, it’s important to consider the disadvantages such as the high cost of lending, exposure to currency exchange, and lack of privacy. By carefully weighing the pros and cons, investors can determine if investing in the US is the right fit for their portfolio.
Glen Sutherland cites his own experience with tenant screening in Canada as a key reason for exploring investment opportunities in the US. Within the podcast, he speaks about the importance of understanding how local laws and regulations can impact an investment project. Additionally, he mentions that investors should choose markets that align with their preferred investment strategies, such as focusing on cash flow or appreciation potential.
Glen Sutherland started investing in real estate in the early 2000’s and within a few years he transitioned his focus to the US. Glen specializes in where and what to buy. He also hosts the Podcast and Youtube channel, “A Canadian Investing in the US”.
If you’re feeling frustrated and defeated because despite all the research and hard work you’re putting into your real estate investments, you’re still not seeing any returns, then you are not alone!
In this episode, you will be able to:
Surmount hurdles and conquer rejection in your real estate investing endeavours.
Unravel the importance of tenacity, adaptability, and a growth mindset for your success journey.
Pay attention to aspects within your grasp while searching for diverse solutions to improve outcomes.
Develop a robust support infrastructure and connect with fellow real estate investors.
Grasp new opportunities, spring into action, and do away with any hindrances blocking your way to success.
Our special guest is UnstoppableTracy Schmitt, a source of inspiration for real estate investors everywhere and an unstoppable force of resilience and determination.
Born with no hands and legs, UnstoppableTracy has defied all odds and challenged the word “no” throughout her life. Embracing possibilities and taking action, she has proven that there are no excuses for success. As a real estate investor herself, she brings a wealth of experience and a unique perspective on overcoming challenges. UnstoppableTracy’s journey serves as an inspiration to fellow real estate investors who embrace the same spirit of resilience.
Everyone is a Valuable Contributor Recognizing the value that each individual brings to the table is essential for fostering successful collaborations. By demonstrating appreciation and respect for each person’s contributions, one can create an empowering environment that promotes teamwork, cooperation, and ultimately, success.
During the interview, UnstoppableTracy shared her insights about the importance of acknowledging and valuing each person’s input. Drawing from the experience of being told she couldn’t attend a school due to her disability, she highlighted the importance of not making assumptions about why someone is saying no, and instead, finding alternative solutions. This approach showcases her belief that everyone has something valuable to contribute, and it is up to individuals to harness and optimize these skills to achieve success.
Overcoming Challenges with No Excuses, No Limits Embracing the mindset of “no excuses, no limits” serves as a powerful driving force in achieving success, regardless of the obstacles one may face. By adopting this attitude, one can stay focused on their goals and maintain the determination to push through barriers. This mindset allows individuals to take full responsibility for their actions and helps them strive towards their objectives with unfaltering persistence.
In the podcast, UnstoppableTracy story is a prime example of someone who has faced seemingly insurmountable challenges but has persevered to achieve incredible accomplishments. Born without arms and only one leg, she was determined to rise above it all by adopting this “no excuses, no limits” mantra. This outlook enabled her to participate in the Paralympics, write a best-selling book, and make a name for herself as an insightful real estate investor.
The Importance of Persistence Persistence in the face of challenges and setbacks is integral to achieving success. Staying committed to one’s goals and consistently working to achieve them helps build the resilience needed to weather adversities. Demonstrating persistence ensures that one continues to move forward, learn from experiences, and grow both personally and professionally.
In her conversation, UnstoppableTracy emphasized the importance of being persistent in one’s pursuits. Her own experiences of overcoming obstacles and embracing challenges show how crucial persistence is in reaching one’s goals. UnstoppableTracy’s determination to excel, despite her physical limitations, serves as an inspiration to all those who wish to pursue their dreams and succeed in any endeavour.
Additionally, UnstoppableTracy has a website athttps://www.unstoppabletracy.com/ where you can find more information about her and her work.
This episode has been brought to you in part by BM Select/Butler Mortgage – https://bmselect.ca/
Tracy is UNSTOPPABLE – and not just because she cameoed in the movie Robo Cop alongside Michael Keaton and Gary Oldman.
TV Host UnstoppableTracy #1 International MegaSuccess TedX Speaker has shared the stage with Jane Fonda, Dr. Phil, Michael Douglas, John Travolta, Mel Gibson, Mark Wahlberg, Mel Robbins and more!
Her mind-blowing story always gets standing ovations pushing audiences out of their limitation zones. She has been viewed virally with over 100 million views and is the #1 Female Transformational Leader winner by leadership guru John Maxwell out of 160 countries.
UnstoppableTracy doesn’t just talk about high performance in business…she lives it! Robert W. Jackson Award Recipient [Founder of the Canadian Paralympics], inducted into Canada’s Hall of Fame, C-SASIL Lifetime Achievement Awardee and as seen on ABC, BBC, CBC, City TV, Global News, NBC, FOX and globally in media around the world!
Oprah Magazine shared her story as Quest for the Gold World Cup Sailor, who climbed the Himalayan mountains, captained a 110-foot-tall ship, won paraskiing bronze and is funny too.
If you’re feeling frustrated and discouraged because, despite your efforts to improve your real estate investing skills, you still can’t seem to find success, then you are not alone!
In this episode, you will be able to:
Recognize the importance of realistic target-setting for triumphant outcomes.
Grasp the detrimental effect of ‘shoulds’ on your mindset and establishing goals.
Hone your ability to triumph over disheartening self-talk using affirmative self-contemplation.
Appreciate the impact that careful language choices can have on goal-setting efficacy.
Develop the skill of dividing goals into achievable tasks to maintain interest and make headway.
Our special guest is Nancy Morris who delves into the harmful effects of ‘shoulds’ on our mindset and goal-setting. Nancy’s background in functional MRIs and language has given her a unique understanding of how our thoughts and words can shape our success, particularly for real estate investors.
With her delightful sense of humour and knack for sparking “aha” moments, Nancy provides invaluable guidance for those battling negative self-talk and seeking to improve their mindset.
The resources mentioned in this episode are:
Identify your desired outcomes and break them down into sub-desired outcomes and performance goals.
Focus on actions and decisions within your control, rather than external factors.
Avoid using the word should and challenge it when you hear it in your self-talk.
Share this conversation with someone you trust and ask them to point out when you are shoulding on yourself.
Remember that disappointment is natural, but beating yourself up is a learned behaviour that can be unlearned.
Take care of yourself and practice self-compassion, especially when things don’t go as planned.
Nancy Morris, Psychologist (MSc in Applied Psychology)
Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a Ph.D. Some of her clients refer to her as an “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.
For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.
Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.
Nancy has written the book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.
Nancy Morris stumbled upon an unexpected twist that challenged everything she thought she knew about achieving goals. What did she discover? And how did it change the game for her and others? Stay tuned to find out.
In this episode, you will be able to:
Comprehend the cruciality of setting performance targets for effective real estate investments.
Uncover the power of adopting the right mindset and psychological approach in real estate investing.
Master the art of breaking down desired results into feasible tasks that propel investment success.
Realize the impact of one’s language on self-image and investment performance.
Nurture a progressive thought process that contributes to triumphant real estate ventures.
Our special guest is Nancy Morris, a renowned expert in the field of business psychology, who is passionate about guiding real estate investors toward success by helping them better understand their mindset and the role it plays in their investment journeys.
With her extensive background in motivation and mindset, Nancy has shared her invaluable insights through speaking engagements and podcasts, including The REITE Club Podcast. As a close friend of Laurel Simmons, Nancy continues to be a valuable resource for investors seeking to overcome obstacles and achieve their goals in the ever-changing real estate market.
The resources mentioned in this episode are:
Check out Nancy Morris’ website, nancymorris.com, for more information and resources on business psychology.
Set specific, measurable performance goals rather than focusing solely on desired outcomes.
Write down different approaches or strategies for achieving your investment goals each day for a week.
Focus on what you can control or be in charge of, rather than investing your mindset in external factors beyond your control.
Seek out a coach or mentor to help guide and support your real estate investment journey.
Nancy Morris, Psychologist (MSc in Applied Psychology)
Nancy Morris is a Business & Performance Psychology Consultant, Speaker, and Author. She has 19 years of academics under her belt and is about to pursue a PhD. Some of her clients refer to her as an “un-guru” – a no-nonsense specialist in translating the academic theories of business psychology and people development into actionable insight for the real world.
For almost 20 years, Nancy’s science-backed systems have helped thousands of solopreneurs and self-employed professionals (e.g./ lawyers, commercial and residential real estate agents) master the mind game of productivity, creating more consistent revenue and feeling more confident, focused, and valuable at work.
Nancy’s real difference is that she doesn’t float on a cloud with idealistic platitudes or arrive on a stage with fireworks and empty hype. She delivers proven, science-backed advice and ongoing strategy in a system that simply works. She is the same person out at the pub and behind the podium. She is not about pantsuits, long-winded speeches, or pie-in-the-sky ideals. Instead, she cracks jokes, gets vulnerable, doesn’t pull any punches, and says what you need to hear and how you need to hear it while laughing along as your outcomes are improved.
Nancy has written a book on procrastination called Procrastinate Now: Rethinking Time Management and listeners can download it for free from her website.
