Do you want to achieve personal growth and happiness that extends beyond financial success?
Tune in now to find out the solution to transforming your life through real estate with Brad Chandler and his life-changing story.
Every problem you have in your life is a thinking problem. Change your thinking and change your life. – Brad ChandlerIn this episode, you will be able to:
Uncover real estate investing success stories that inspire and motivate.
Explore how real estate can transform your life beyond financial success.
Learn the secrets to building wealth through real estate while prioritizing personal growth.
Discover the power of hypnosis for enhancing personal and professional growth in real estate.
Master the art of finding happiness and fulfillment on your entrepreneurial journey through real estate.
Brad Chandler, an accomplished real estate investor with a portfolio encompassing over 4,500 flips and wholesale rentals across the United States. With experience in the industry spanning 22 years, Brad brings a wealth of knowledge and wisdom to the transformative power of real estate.His story goes beyond financial success, as he shares his profound understanding of personal growth and happiness. Expect to gain valuable wisdom from Brad’s extensive experience in the complex world of real estate, making this episode an essential resource for investors seeking growth and fulfillment in their endeavours.
Want to improve your ability to identify profitable investment opportunities?
Discover the secret to building real estate wealth with Mike Mannino as he shares the Widget Cost Secret, helping you scale your business and achieve financial success.
Mike shares his journey in real estate investing, detailing how he successfully flips houses unseen and manages over 100 projects.
Mike Mannino, the founder of Real Estate Wealth Builders, boasts an impressive nine years of experience in the real estate industry, specializing in flipping houses.
His expertise lies in the development of a standardized pricing sheet, meticulously crafted over thousands of hours and substantial financial investment. This tool has proven to provide a 90% accuracy rate in predicting renovation costs, significantly reducing financial risks and maximizing profitability.
With over 100 successful house flips to his name, Mike’s insights and strategies are invaluable for real estate investors aiming to scale their business and effectively identify profitable investment opportunities.
Mike Mannino’s real estate journey is a testament to the resilience and adaptability required in the industry. From early days spent tirelessly working on house renovations, Mike’s determination to streamline the process led to the creation of a game-changing standardized pricing sheet. This innovation not only made renovations predictable but also scalable, propelling his business to new heights.
Venturing beyond Michigan, Mike expanded into multiple states, delving into the world of apartment buildings with the same unwavering commitment to quality. His hands-on approach to every aspect of the business, from finding contractors to overseeing renovations, reflects his dedication to excellence.
Mike’s ability to navigate challenges and turn them into opportunities has been a driving force behind his success. His story serves as an inspiration for real estate investors looking to scale their businesses, showcasing the transformative power of perseverance and forward-thinking strategies in the competitive world of real estate.
In this episode, you will be able to:
Master successful real estate investing strategies to maximize your profits and grow your business.
Explore the art of flipping houses without seeing them, unlocking a whole new realm of investment opportunities.
Learn the secrets to building a rockstar real estate investment team that drives your success to new heights.
Implement standardized pricing in real estate to streamline your processes and boost your bottom line.
Discover the art of finding discounted real estate properties, giving you a competitive edge in the market.
Timestamped summary of this episode:
00:00:04 – Introduction and Guest Introduction
Laurel Simmons and Katherine Nelson-Riley introduce the podcast and guest, Mike Mannino, of Real Estate Wealth Builders.
00:03:36 – Evolution of Flipping Business
Mike shares his journey from hands-on flipping to building a team and standardized pricing sheet over nine years, leading to scalable and predictable renovations.
00:08:36 – Expanding into New Markets
Mike discusses implementing his flipping system in new markets, including out-of-state projects, and the challenges and process of finding and working with contractors.
00:11:12 – Biggest Project and Profitability
Mike shares details about the largest single-family house project, including a fire-damaged property, and how his system enables accurate cost predictions to mitigate risks and maximize profits.
00:12:31 – Managing Large Projects
Mike explains the team structure for managing single-family and apartment projects, including his role, his business partner’s responsibilities, and the streamlined operations for handling renovations and property management.
00:13:26 – Starting Small, Thinking Big
Mike Mannino discusses his journey of buying apartments, starting with a small four-unit property and progressing to larger ones. He shares how his perspective on property size has evolved and the role he plays in managing renovations.
00:14:39 – Finding Buyers and Making Profit
Mike talks about the types of buyers for his properties, emphasizing the appeal of first-time homebuyer homes and how they insulate against market volatility. He also shares his experience during the 2020 shutdown and the strategies he used to mitigate risks.
00:18:50 – Challenges of Finding Discounted Real Estate
Mike discusses the difficulty of finding discounted real estate, especially in the apartment sector. He highlights the scarcity of opportunities for discounted apartment buildings compared to single-family homes, and the challenges of dealing with property owners who have different motivations for selling.
00:20:57 – Shortage of Supply and Property Finding
Mike delves into the shortage of supply in the real estate market, particularly for discounted properties. He explains the complexities of finding properties, the types of properties he avoids, and the limited number of suitable properties within his investment criteria.
00:22:51 – Helping Others and Publishing a Book
Mike discusses how he helps others become successful real estate investors through webinars, online resources, and one-on-one mentorship. He also introduces his recently published book, “The Infinite Money Glitch,” which provides insights into buying apartments and achieving infinite returns.
00:25:40 – Market Research and Demographics for Real Estate Investing
Mike discusses the importance of market research in real estate investing, highlighting the significance of analyzing demographic trends and growth patterns in new areas.
00:26:52 – Applicability of Tips to Different Industries
Mike emphasizes that the tips and strategies discussed are applicable not only to real estate but also to other industries, such as finance and investment. He stresses the relevance of the information provided in the podcast.
00:29:07 – Embracing Failure and Trying New Things
Mike shares his personal experience of trying different career paths and failing at some, emphasizing the importance of perseverance and self-discovery. He encourages individuals to embrace failure and explore various opportunities.
00:30:16 – Overcoming Learning Challenges
Mike reveals that he was in special education for reading and writing, highlighting his struggles in school. He emphasizes that despite challenges, determination and hard work can lead to success, as evidenced by his journey from special education to becoming an author and real estate investor.
00:31:11 – How to Connect and Access Resources
Mike provides details on how to connect with him and access resources, including his book “Infinite Money Glitch” and free resources on real estate investing available on his website. He also mentions the possibility of an audio version of the book in the future.
About Mike Mannino – Over the past 7 years, Mike has built a business that flipped over 80+ houses by the age of 30 and created multiple companies that generate over 1M per year in revenue, sold tens of thousands of copies of his book (making him an Amazon best selling author), he is the founder of Real Estate Wealth Builders which is an educational company that helps real estate investors quickly scale their real estate business.
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.
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.
On September 7th the Bank of Canada again raised interest rates, perhaps higher than many people expected. They also indicated that they were not finished when it comes to raising rates further.
What does this all mean for real estate investors?
In this special recording from a recent webinar, Daniel Patton of Butler Mortgage outlines the impact this most recent rate increase will have and perhaps what additional rate rises may mean.
In this episode you will learn about:
Stress tests and qualifying rate changes
Commercial rate considerations
Fixed versus variable rates – which one to choose?
Why fixed rates may be cheaper than variable
3% and above means a high risk for the banks
What is a trigger rate and how to calculate it
What does an investor do right now?
Daniel Patton is the co-owner of BM Select and has been helping Investors scale their Real Estate Portfolio for over 15 years. BM Select is the # 1 Mortgage Brokerage for volume for the last 5 years, and in 2021 they funded over $600M in mortgage transactions. BM Select continues to be the industry leader for Investors when it comes to buying and selling real estate.
Daniel was born and raised in Mississauga Ontario Canada and grew up playing competitive sports and music while spending some time at school as well. Daniel suffered from ADHD as a child but often says that it has helped shape his career, and in many ways taught him how to be successful in business and as an investor. He has been involved in mortgages since 2003 and his team routinely ranks among the Top 20 Mortgage Agents across the country.
In this episode, Laurel was able to ask questions gathered from the REITE Club community about what the economy could look like in the next few months and years. As benchmark prices have risen for housing, the fear of missing out has grown even more causing an overheated market. Policies could be put in place by the government in the coming months to calm things down. RBC isn’t predicting a market crash but rather a possibly soft or harder landing with prices stabilizing. Canada had been sustaining a 30% growth in population and supply was way too low to meet demand.
Guest speaker Robert Hogue, Senior Economist with RBC explains this and more. Listen to the full interview to find out how you can use this information as an investor. Part 2 of 2 – the 1st part of this interview was an overview of the current market macroeconomic situation.
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/
Guest: Ryan Carson, Real Estate Investor and Lawyer
Let’s face it, succession planning and estate planning are the last things on investors’ minds as they scale their portfolios. Though one thing is for certain, no one lives forever so it is very important that you protect the assets that you worked so hard to acquire to secure your family’s financial future. Otherwise, the government and taxes could step in and take a huge chunk of that future.
This week’s guest, Ryan Carson, Real Estate Investor and Lawyer, provides insights and advice on how to plan your portfolio and succession plan at the same time. Also, Ryan discusses how change is the only constant in life and in order to stay in control and up-to-date, you need to have a proper lawyer and accountant on your power team so they can help you minimize any impacts on your family down the road.
In this episode you will learn about:
– Defining succession planning
– Personal vs. Corporate wills and their benefits
– Where to start if you are in the growth phase
– What happens if there is a conflict between a personal will vs. a corporate will
– The steps of estate administration
– How often should you review wills?
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.
Guest: Harry James, Real Estate Investor, and Entrepreneur
How do you handle the ups and downs and cyclical nature of real estate? Listen to the advice from someone who has been investing in real estate and in other businesses for well over 40 years. This week’s guest, Harry James, Real Estate Investor, and Entrepreneur, provides insights and advice on what he term’s value investing. He has invested in everything from commercial to single-family homes and everything in between. The biggest takeaways are to buy the building you are running your business in and to build wealth in real estate over time. Also, don’t be so focused on your goals, that you miss out on the present.
In this episode you will learn about:
How to manoeuvre the ups and downs of market shifts
Tips on breaking through fear and how to talk yourself through the tough times
Streetlight analogy
What is something tangible an investor can do today
Chinese bamboo plant analogy
How to keep yourself motivated to push forward
Harry James has been dispensing advice for real-life since 1984 and is a serial entrepreneur. He is also a businessman, a strategic consultant and a motivator. Harry has built one of Canada’s premier independent financial planning boutiques and sold it for an unprecedented price.
Along with his primary business, an extensive net worth building practice with a robust employee benefits division, Harry’s portfolio includes three restaurants, a natural stone quarry, and over the past 20 years, has orchestrated in excess of $100 million worth of real estate deals.
Harry has earned his black belt in successes and failures and that experience resonates with people. Many entrepreneurs that he has spoken to across Canada have adopted his “Vital Signs” philosophy of “building a business and a life” which is more than a personal philosophy, it’s what he lives every day.
Guest: Tony Miller, Real Estate Investor & Realtor
COVID-19 has had numerous impacts on the real estate market and for tenants and landlords. This special episode is a conversation with Tony Miller, Real Estate Investor & Realtor where he provides insights and advice on the real estate market and shares his survey results for small landlords. The biggest takeaway is we all need to do a better job of stepping up, getting involved and create a stronger community as professional landlords. Take Tony’s survey so that there will be more data for analysis and information will be posted in the forum at thereiteclub.com.
In this episode you will learn about:
– Updates on the cottage rental market
– LTB updates
– What is Bill 184 and what does it mean for investors?
– Tenant screening steps
– Small landlord survey results and insights
– Should you sell in this market?
Tony Miller is an Investor Focused Realtor and is also known as “Mister Ottawa.” He helps people build wealth, by sharing proven strategies and tools to invest in residential and commercial properties in and around the Ottawa area.
Tony will use your why/goals, financial situation, and intestinal fortitude (aka risk tolerance) to determine the best investment strategies that will help you reach your goals. He will be honest and when needed explain why the investment property you want to buy is a lousy investment.
He will take the time that is necessary to explain that using economic fundamentals and understanding the real estate cycle are the foundations to sound real estate investing. Tony only works with a limited number of clients at a time and will tell you if he is too busy for new clients. He will introduce you to the best Investor Focused Realtors in other markets if you choose to park your money elsewhere.
Tony has been interviewed by local and national media including MoneySense Magazine, Canadian Real Estate Wealth Magazine, and Rogers TV.
