Carmen and Jordan welcome guests, Simeon Papailias and Jacob Campagnaro, realtors at REC Canada (The Real Estate Centre), to the podcast today. Simeon and Jacob discuss how investors can graduate from owning residential properties to commercial, the many benefits of this asset class, and how to get approved on a commercial mortgage. Jacob also generously offers a free gift for listeners. These two are truly experts in this field, so be ready to take notes on the valuable information and advice that they have to share here today. 

Episode Highlights: ·   The status of the market in the GTA ·   Cap rates ·   Getting started in commercial investment ·   Optimal locations and properties ·   What investors need to know when buying commercial properties ·   A case study ·   Getting approved on a commercial mortgage ·   Jacob’s gift for listeners   Quotes:    “We lead with education.”   “Real estate is the best investment vehicle in the world.”   “You’re actually purchasing for future value.”   “You’re mitigating risk…it’s an economy of scale.”   “Not only is it tax free, you’re going to create an ROI that is through the roof.”   “It is a niche field.”   “What you want to create is a trusting team that’s going to represent your interests for the long term.”   “That’s the power of creative financing.”   “It’s the property that has to identify with the rules that the bank sets.”   Links:   30 Minutes to Wealth homepage:  https://www.30minutestowealth.com/   The Real Estate Centre: www.reccanada.com

To receive a complimentary cash flow analyzer please email: [email protected]

Sahil Jaggi joins Carmen and Jordan on the podcast today to discuss his precise strategy when it comes to buying an investment property, in which he targets properties in the Greater Toronto Area that are poised for accelerated growth. Along the way, he shares his story of getting into real estate investment, his perspective on joint ventures and finding deals, and his plans for the future. Be sure to listen to the full episode to hear a case study of one of his properties and learn his trade secrets when it comes to selecting a region in which to invest! Episode Highlights: ·   How Sahil got started in real estate ·   His first property ·   The metrics that Sahil uses when selecting a property/area ·   His overall strategy and goal ·   Joint ventures and finding deals ·   A case study of one of Sahil’s properties ·   His advice for those looking to get started ·   Sahil’s plans for the future   Quotes:    “I need to…not waste money on rent, and I need to buy something for myself.”   “I feel like land is always king when it comes to real estate.”   “As much as I like to hold properties, at some given point you have to pull the equity out to grow.”   “You have to look for areas that are growing and not saturated.”   “It’s always about how you can beat the market.”   “I have never purchased a property that has more than 30 minutes commute to downtown.”   “I’m going to be risk-averse when the market shifts.”   “I’ve bought 4 or 5 properties in my portfolio just from door knocking myself.”   “One of the things that I always do before I refinance is I make sure that the tenant has been turned over.”   “You have to work with the right experts.”   “If I can do it, a lot of youngsters can do it.”   Links:   30 Minutes to Wealth homepage:  https://www.30minutestowealth.com/   Sahil Jaggi Instagram: @minkrealestate

Carmen and Jordan welcome their special guests, Maria Durdan and Bilal Mirza from Simpson Wigle Law, to discuss what every investor should know prior to purchasing a pre-construction condo. Both real estate lawyers, Maria and Bilal share what clauses to look out for and how to set yourself up properly so that you can ensure your best interests are covered. Brimming with knowledge and advice, Maria and Bilal offer an insightful glimpse into both the complexities and the vast potential benefits of these investments here today.

Episode Highlights:

·   How Maria and Bilal got into their current roles ·   The process involved in purchasing a pre-construction condo ·   Standard and key contract items and conditions to be aware of ·   The importance of diarizing important dates and reviewing adjustments ·   Recommendations for purchasers ·   Assignment clauses and fees ·   Key aspects to look at if considering to use these for short term rentals ·   Warning clauses ·   The importance of having a lawyer review your documents   Quotes:    “It’s so important to understand the community you’re buying into.”   “You have to use reasonable efforts.”   “At the very least you want to cap them.”   “It’s very important for people to be prepared and understand this whole thing.”   “Your condo is developed for a certain amount of occupants. If you start doubling that, the wear and tear is there, replacement is a lot faster than you budgeted for.”   “Our investors or buyers, homeowners, really need to have a lawyer review their condo docs before they waste the day away, and then, the next thing you know, they’re stuck in a contract and have no way of exiting.”   “Short term pain for long term gain.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/   To contact Simpson Wigle Law: Web: www.simpsonwigle.com Email: [email protected] Tel: 1-800-434-4414 (toll free)

Brittany Arnason, aka Investor Girl Britt, joins Carmen and Jordan on the podcast this week to discuss her unique, DIY approach to renos and rehabs. Brittany does all of the manual labour and design on her properties herself, giving her a competitive edge in keeping costs low in order to maximize profitability. From Brittany’s early start in real estate to the strategies she employs in achieving her remarkable level of success, this episode shows the formidable power of determination from this one-woman show!   Episode Highlights:

·   Brittany’s start in real estate ·   The story of her first property ·   How she selects the areas to invest in ·   The renovations that Brittany does on her properties ·   Her portfolio and how she builds it ·   The BRRRR Strategy ·   Her typical turnaround time ·   A case study of one of Brittany’s properties ·   The cash flow on her properties ·   Her advice for investors ·   Where Brittany gets her creative design ideas ·   Her vision for the next 5-10 years   Quotes:    “I was really lucky to have my mom as an inspiration for me.”   “It was a great first buy.”   “There’s not a lot of people that want to put in the work.”   “Taking a property that’s run down and really ugly and then making it beautiful and a place that someone wants to live.”   “I purchased the property…on a personal line of credit.”   “That’s why I love this strategy, because we are able to pay ourselves back.”   “Start very small and take on one little thing at a time.”   “I learned a lot through online - YouTube, Instagram.”   “You blow me away.”   “There’s so many opportunities out there.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Carl Gomez is Carmen and Jordan’s very special guest this week. With over twenty years of business experience, Carl is a well-known Canadian economist and respected investment professional specializing in real estate. He discusses what housing affordability looks like across Canada, demographic trends, where investment opportunities may present themselves, and what the future of Canadian real estate looks like. Filled with experience, knowledge, and wisdom, Carl has so much to share with all of us here today.   Episode Highlights: ·   Carl’s start in the industry ·   His thoughts on the Canadian real estate market and low interest rates ·   The rental market and its ‘missing middle’ ·   Comparing Canadian and international housing affordability ·   Housing affordability drivers and problems ·   Carl’s predictions regarding Canadian real estate and housing prices ·   The impact of immigration on the real estate market ·   His perspective on buying real estate in Ontario   Quotes:    “There’s supply and demand factors that are really driving the housing market right now.”   “All those people coming to Canada really want that Canadian dream of home ownership.”   “Interest rates have really come down over the last 30 years.”   “It is so tough to find income property today.”   “I think the reality is we’re going to continue to see these rates very low for a long period of time.”   “As people look at the housing market, and they’re priced out of the market, it pushes them into the rental market.”   “There’s a lot of older rental buildings out there that are not functional for a lot of people.”   “I think the real trick with it is to build the right product for the right people.”   “One of the things I am concerned about is growing imbalances or bubbles.”   “It’s much more stable than, you know, a lot of other investments.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Today’s episode is a very special one where Carmen and Jordan welcome international interior designer, Regina Sturrock of Regina Sturrock Design, back to the show for a home makeover episode. This time around, four lucky individuals have won the opportunity to receive a design consultation on how to improve a space in their home through a designer’s eye! The incredible transformations of a bathroom, kitchen, master bedroom and living space are all described in detail, as are Regina’s thoughts on the value of home design as an investment. Episode Highlights: ·   Regina’s background ·   The room transformation consultation contest ·   The four entries into the contest ·   The importance of addressing underlying issues ·   Framed art TVs ·   Why design is such a good investment ·   Designing homes for resale investors   Quotes:    “I absolutely love what I do.”   “We’ve been in business for over 23 years now!”   “The roots of design are really based on and hinged with beauty.”   “We did take a certain degree of artistic license.”   “I’m sure that they’re going to be able to, you know, transform their real spaces based on those visuals.”    “It’s screaming 70’s.”   “It’s really about maximizing the layout.”   “I call this room Modern Renaissance.”   “That brings happiness, it brings productivity, it brings positivity, and it brings success in our lives.”   “That is return on investment that is priceless.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/   Contact Regina Sturrock : Web: www.reginasturrockdesign.com     Instagram: @ReginaSturrock

In this week’s episode, Carmen and Jordan meet with Jaimie Walker, Independent Self-Storage Consultant, to discuss the investing opportunity for self-storage facilities. Jaimie talks about how the industry has evolved in the past decade, why this makes for a fantastic investment, and she also provides key industry insight on how to purchase, convert, and build a storage facility of your own. Self-storage has increased considerably in popularity and innovation over the past decade or so, and Jamie is here today to tell us all how to get in on this highly lucrative investment.   Episode Highlights:   ·   Jamie’s start in the self-storage investing space ·   The services Jamie provides ·   What self-storage is exactly ·   Jamie’s consultations ·   The best areas in Canada right now for this investment ·   Typical storage rates ·   Cap rates and what they are currently for storage facilities in the GTA ·   Why this is such a good real estate investment ·   The factors involved in running a successful and profitable facility ·   The most comm0n ways to get started ·   Purchasing an existing facility ·   Key points for those with a piece of land available ·   Converting a current industrial space   Quotes:    “Self-storage has changed a lot from what we see in the movies and television.”   “Now they’re rivaling A-class office buildings with the highest technology that you could possibly imagine and they’re beautiful.”   “There’s still a lot of opportunity out there.”   “There’s kind of a little bit of something for everybody.”   “There are no restrictions in rental increases.”   “It’s a very lucrative business.”   “You’re going to buy that facility based on the income in place today.”   “Really do your research.”   “I want to get into self storage!”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

Carmen and Jordan Campagnaro welcome their new partner in District REIT, Scott McGillivray, to the podcast today to discuss how average individuals can make money by investing in these real estate investment trusts (REITs). Focusing on their District REIT, a private, diversified REIT that invests in income producing real estate in South Western Ontario, Scott and our hosts reveal how such investors share in the collective ownership of a portfolio of real estate assets, generating cash flow and capital appreciation along the way. They also explore exactly what a REIT is, what the benefits and associated risks are, as well as how to get involved. This is an exciting time for these consistently lucrative investments, and today’s episode shows you how you get in on the ground floor.

Episode Highlights:   ·   Scott’s background in real estate investing ·   What a REIT is ·   Scott’s partnership with District REIT ·   How investors make money on REITs ·   The potential risks in REITs ·   Types of funds eligible for investing in REITs   Quotes:     “This isn’t something that was taught to us in school. Our financial literacy in this country is very low, unfortunately.”   “Over the last 15 years, they’ve so astronomically outperformed other average and conventional stocks and bonds.”   “I’m so happy now that we can share with our investors the wealth we create.”   “You will now be able to participate in something that is super scalable.”   “Basically, you’re owning a portion of a large scale portfolio of real estate assets.”   “It allows the average individual to kind of ride the coattails of…industry investors like ourselves.”   “District…it’s got flexibility.”   “Historically, District has been distributing 8%.”   “It won’t affect your tax rate because it’s considered return on capital.”   “You’re getting the cash flow and the capital appreciation.”   “It continues to diversify.”    “Overall, it’s always been a great gain for me.”   “Typically, when stocks go down, we’ve seen REITs either stay stable or even go up because they’ve become more valuable with those consistent returns.”   “The sky’s the limit!”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/

This week, Carmen and Jordan sit down with their good friend, Rav Toor, to discuss the mindset required in being an entrepreneur and real estate investor. They look at when and when not to invest, when to use contracts, their approach to investing, and buying properties with a vision. They also introduce a new website they have launched, the importance of their brain health strategies, their overall mission, as well as ‘District REIT’ which they have started. The friendship and mutual respect between Rav and our hosts is palpable throughout this very special and thoroughly informative episode today, making it one you just can’t pass up.   Episode Highlights:  

• Knowing when to say ‘Yes’ or ‘No’ to an investment
• Carmen’s perspective on having contracts
• Carmen and Jordan’s approach to real estate investing
• Their first deal together
• Buying a property with a vision for it
• onceuponastay.com
• Maintaining brain health
• Carmen and Jordan’s mission
• District REIT

Quotes:    “I’m very challenged at saying ‘No’.”   “What are the sacrifices I’m making in order to acquire that?”   “It really is such a skill to be able to find these properties that others are overlooking…you definitely have that vision.”   “I had a breakdown 5 years ago because I couldn’t feel it in my brain.”   “When I get home - and my family knows it - we don’t talk business at all.”   “You could easily be consumed by it.”   “I do not work on the weekends.”   “We have to be more self-aware of what brings stress, and what, you know, we can handle.”   “Everybody should take that break.”   “This kind of stuff is not taught in schools.”   “We really want to be able to educate and empower others to be able to go out there and create wealth for themselves based on different approaches that we want to convey in our show. So, for us, it’s all about that education.”   “You can participate with us in this.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/   Once Upon a Stay homepage:   https://onceuponastay.com/

Carmen and Jordan welcome their guest, Craig Harrison, to the show this week to talk about passive real estate investments. Craig utilized equity from the sale of his home to invest in mortgage investments, land development, and REITs (real estate investment trusts), enabling him to earn passive cash flow without active management. If you ever dreamed of retiring early and enjoying life while your money works for you, this is the show for you!   Episode Highlights:  

• Craig’s background
• Getting involved in passive investments
• The security in real estate investing
• How mortgage investing works and Craig’s involvement in it
• A case study of one of Craig’s investments
• Utilizing RRSPs
• Craig’s other investments
• What’s next for Craig

Quotes:    “You basically earn while you’re sleeping, golfing, travelling, skiing. Like, how amazing is that?”   “I can control my own destiny. I have no more stocks.”   “From my perspective, I only invest in real estate…in real estate, you actually have tangible security.”   “Basically filling the shoes of the bank.”   “I don’t know too many other places that you can go and get those kinds of returns.”   “You need to be flexible with those funds if they’re in there.”   “I call your team to find out how I’m doing.”   “We’re very protective over our investors.”   “It is inspiring for others to see what you’ve done.”   “I think it’s a really, really great place to be in.”   Links:   30 Minutes to Wealth homepage: https://www.30minutestowealth.com/