In this episode, Luc Boiron joins Rav to talk about his strategy of making money in real estate by ‘wholesaling houses’.

Episode Highlights:

How wholesaling works and why Luc loves it so much

Quotes:

“Living the freedom that real estate gives me.”

“There is a lot of work on your part to do this.”

“You don’t have to put the work in on the back end.”

“That’s a part that I love about it – the helping.”

“We market to people that we can make the sale process easy for them.”

“You’re helping people without them necessarily feeling like they are a charity.”

“Hoarders are afraid of their neighbours walking through their house and seeing how they live.”

“In this industry, R & D means ‘rip off and duplicate’.”

“You’re giving me the potential of what I can make.”

“I thank God you came into our lives and bought our home!”

“I really appreciate you sharing this.”

“I sold it 2 days after I bought it.”

“This is not an anomaly, this is what you do.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Nicole Edmonds fills in for Rav on today’s episode and is joined by guest Scott McGillivray who teaches listeners how to make money by flipping properties, something he has done off and on for many, many years.

Episode Highlights:

Scott’s education company, ‘Keyspire’

Quotes:

“Real estate investing’s pretty serious stuff.”

“Helping people with their financial literacy which is something that I think is missing from our curriculum…most people go to school to get a job, they don’t go to school to become successful.”

“It’s not necessarily my favourite investing strategy.”

“It’s how you buy the property that really sets you up to be profitable in the long run.”

“There’s nothing ‘niche’ about this.”

“There’s more juice if you know how to squeeze it right.”

“Traditional flip – you’re in and you’re out.”

“If you’re the person who wants to get into real estate and grow a portfolio as fast as possible, you need to know how ‘flip to yourself’ works.”

“There’s times when flipping makes sense - when the market’s moving with you, it’s a lot easier to make money on a flip than when a market’s moving against you.”

“A quick $80,000!”

“It’s almost infinite returns if you know what you’re doing.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Rav is super excited about today’s episode as he welcomes his very good friend, Carmen Campagnaro, and Gregory Colford, to talk about how to make money in the Real Estate Investment Trust (REIT) area.

Episode Highlights:

District REIT and how it works

Quotes:

“Now they can actually own property with us together and grow the portfolio together.”

“We help subscribers understand the product they’re buying, and we help them determine whether or not it’s actually suitable for them.”

“What people are buying is a unit of a Trust.”

“A lot of people are qualified, and don’t think they are.”

“My fun is a glass of wine and Kijiji Real Estate or MLS Real Estate or eBay Real Estate.”

“It’s a diversified REIT…I personally think that helps mitigate risk.”

“Your private property sits as an anchor in your portfolio and it holds you there.”

“For people to benefit the best from this it would be stay in as long as you can.”

“On top of the cash flow return that you’re getting, you’re getting to benefit from the value that we’re creating in our real estate portfolio.”

“The safest place to keep your money in tough times is in private real estate.”

“I think it’s a low risk investment.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

On today’s episode, Rav’s good friend Darren Voros educates listeners on how they can make money investing in purpose built rentals.

Episode Highlights:

Purpose built rentals and the strategy of investing in them

Quotes:

“That investing that I’ve been sort of doing over the last couple years, really allowed me to take some time and just relax.”

“It’s building a home for the purpose of renting out for cash flow or you could flip it.”

“I am in for zero dollars at this point.”

“It’s not for the faint of heart.”

“The return on investment is almost infinite.”

“There’s nothing worse than partners that are kind of trying to micro-manage you the whole time.”

“These investors are now the tenants of their own investment.” “We call it ‘The Owners’ Suite’, it’s the top floor.”

“We still had rental income coming in the whole year while we were dealing with the city.”

“Real estate is like a yo-yo on an escalator.”

“It’s like a mini-business.”

“The biggest risk is dealing with a reputable builder.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Nicole Edmonds fills in for Rav on today’s episode, and is joined by guest Peter Politis , CEO of Greybrook Realty Partners, to discuss how to make money investing in value-add multi-residential properties.

Episode Highlights:

Greybrook’s strategy with investing in value-add multi-residential properties

Quotes:

“I’m essentially buying a building that needs a ton of renovations in order to increase the values or the rents, and then we’re still selling that property.”

“There’s not a lot of apartments that are built today that families can live in.”

“This type of housing is actually massively in demand, and it’s really a fixed supply.”

“These buildings have been full for 30 years.”

“We’ll pay you a very appropriate price, because we know we have the ability to increase these rents and increase the value - ultimately make a very good return.”

“The rents have been so low for so long because a lot of times the current owners are just renewing leases.”

“A new building would need way more money in rent in order to make any kind of similar return.”

“We have a very arduous due diligence process.”

“It’s meant to let your money work for you rather than working for your money.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Greybrook Realty Partners homepage: https://realty.greybrook.com/

On today’s episode, Rav’s good friend and guest co-host, Nicole Edmonds, explains how listeners can make money by investing in multi-unit properties and shares the reasons that make this her favourite investment strategy.

Episode Highlights:

Nicole’s vision for real estate investing

Quotes:

“I guess I had always kind of envisioned that one day when…real estate made me a good chunk of money I would gift her a trip…so this past Christmas I surprised her with our flights to go there.”

“It’s really just a tool for you.”

“You just do the real estate investing so you can do what you love.”

“Knowledge mitigates risk.”

“The purchase price is going down in relation to the rents that you’re bringing in.”

“The banks, when getting a mortgage, favour what you’re doing.”

“It’s like a mini-business.”

“I like to combine that strategy – the buy, fix, refinance strategy.”

“This is where you can get in trouble, because you have to know what to do and where to put that money.”

“You don’t have enough deals for the money that people want to give you.”

“There are so many people out there who have the funds, and don’t want the headache of managing a renovation, managing tenants.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

On today’s episode, Rav’s good friend Mat Piche teaches listeners how to make money investing in single family rentals, and highlights the ways in which this strategy aligns perfectly with his perspective on real estate.

Episode Highlights:

Mat’s perspective on real estate

Quotes:

“The whole point of real estate for me is to fund my life so I can have fun in my life.”

“We can make a big mistake in this game and get addicted to just the investing, making money for the sake of making money.”

“Real estate is not my passion. Spending time with loved ones is my passion – real estate investing is a tool.”

“It’s important to align your ideal lifestyle with the real estate investment strategy you’re using.”

“I’m just looking for the easy stuff, consistent.”

“I’m using all the partners’ moneys.”

“That’s the hardest part…finding the great trades.”

“You’re just managing your property managers.”

“My partnerships are all built on trust.”

“This is easy, this is boring, this is simple.”

“It doesn’t have to be, you know, sexy…the best money is made just slow and steady.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

This week, Rav is joined by Rachel Oliver, co-author of ‘Rent to Own Essential Guide for Homebuyers’, who teaches listeners how to make money by growing capital through ‘rent-to-owns’.

Episode Highlights:

Rachel’s involvement in Mothers of Real Estate (MORE)

Quotes:

“I love that humanistic part of your business.”

“Believe it or not, real estate agents and mortgage agents are actually jumping on the bandwagon to educate themselves about how rent-to-own works!” “And investors!”

“When you know what your ‘why’ is, you’re going to overcome any hurdle, any challenge, and any unknown.”

“We really needed that juicy, predictable cash flow.”

“It’s passive whether you want the front end heavy cash flow or you want the back end capital gain…you don’t have to manage this, the money’s just coming in every month.”

“I perspire when there’s tenants and toilets, and that’s why I’m rent-to-own all day long.”

“The rent-to-own process allows them to take their 5%, lock in some equity, and every month continue to…build up that equity and create stability.”

“There’s a ‘feel good’ aspect from the investor’s point of view.”

“You’ve doubled your money in 3 years, helping another family become an owner.”

“It’s a really wonderful experience to be part of their journey into home ownership.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

This week, Nicole Edmonds fills in for Rav and explores how to make money through the strategy of ‘being the bank’ with President and Founder of Pro Funds Mortgages and co-host of ‘30 Minutes to Wealth’, Carmen Campagnaro.

Episode Highlights:

How Carmen got her start both as an entrepreneur and in the real estate and mortgage business

Quotes:

“A lot of people don’t realize that you can lend your money privately.”

“If you can borrow money at the bank…you can lend your money to somebody else who’s looking for a mortgage privately and make the difference on that spread.”

“You need to do your due diligence throughout the whole process.”

“Myself, I borrow private money all the time…because I can close really quickly, and it increases my chances of getting a better deal…I have negotiating power.”

“The most important thing is to understand who you’re lending your money to.”

“ You will receive the package, and you make the decision on whether you like it or if you have any further questions on that property or that mortgage investment.”

“They actually have security on the real estate – it’s tangible.”

“It’s literally, while you’re sleeping you’re earning interest.”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Greybrook Realty Partners homepage: https://realty.greybrook.com/

30 Minutes to Wealth homepage: http://www.30minutestowealth.com/

This week, Rav interviews good friend and Director of Private Capital Markets at Greybrook Realty Partners, D’Arcy McConvey, about how to make money investing in ‘large scale value-adds’.

Episode Highlights:

What large scale value-adds are

Quotes:

“The value-add component is doing…renovations…to make older units sort of up to modern look and feel.”

“We’re talking 200+ units.”

“Renovate…a percentage of the units…and then sell it to another buyer.”

“These are very sought after assets because they’re very stable.”

“When you’re in the rental market and you’re investing there, it doesn’t matter what the economy is doing.”

“You take your net operating income, you divide it by the cap rate, and that spits out the value.”

“There’s big players…even like banks that want to get in on this with Greybrook…they see that the risk is mitigated because we’re doing this in areas where vacancy is low.”

“In some ways it’s a foolproof investment strategy.”

“In good markets it’s good, and in down markets, it’s proven to be resilient over time.”

“Did I tell you I love your values?”

Links:

Everyday Investor homepage: https://everydayinvestor.com/

Greybrook Realty Partners homepage: https://realty.greybrook.com/