An insider look at investing in real estate. We met Tonya and Brine in 2021 and were guests on their show. From there, the relationship grew and they joined our Secrets to Success Course to learn how to buy and hold real estate and build wealth. Tonya and Brine share their journey to buying their 1st investment property. This adventurous couple are building generational wealth for themselves and their family and they share how they were able to get it done.

GVAMS Foundation - Making a sustainable difference in Haiti, One Person at a time

Haiti and its people have been faced with challenge after challenge and its come to the forefront the treatment of Haitians at the US boards recently. In this episode of our KEAN on You podcast - www.keangroup.ca/podcast-2, Andrea and I sit down with one of the founders of the GVAMS - Foundation https://www.haitiforward.ca/ - Vikki Borg-Iuele. Herself and her husband along with a small group of volunteers have raised over $100,000 and have been working to support communities, improve living conditions and develop cottage industry since 2010. Get inspired, make a difference by making a donation at https://www.haitiforward.ca/ If you have the time, motivation and skills to help with fundraising, and this on the ground support is always needed.

This energetic couple have so many insights to help others looking to achieve balance and a successful family and financial life. They are the parents of four kids and the hosts of The Disrupt the Everyday Podcast along with holding down full-time jobs. Brine also hosts several of other podcasts that are specifically related to the field that he spent 15 years in, which is Healthcare Security.

Although off this summer, Tonya also runs a home daycare full time. They are renovating their home as well, have started investing in real estate outside the province.  In this episode they share their tips for keeping it all together and balancing their family life and achieve peace and success together.

In today’s episode we are talking to Cameil McLennon, an entrepreneur and PDI consultant. Cameil joins us today to share her tips for PDIs and best practices for new homeowners.

Originally from Jamaica and a recent immigrant to Canada, Cameil originally worked in the tourism industry which gave her a solid foundation of customer care and admin services. From there, Cameil moved on to the construction industry. Now, at 36, Cameil is a new entrepreneur with two businesses based in Toronto.

In this episode:

• About Cameil and her current businesses. (1:35)
• What is a PDI and what does it mean for a brand-new build? (2:45)
• The dangers of sneaking into your new property before it’s ready. (4:20)
• What should you be looking for in a PDI and how should you prepare? (4:56)
• The importance of being thorough in your inspection without obsessing over the little things. (6:45)
• What is the difference between requirements of the builder and warrantable issues? (8:42)
• Reasons why you must be precise when recording issues on your PDI forms. (9:35)
• How you should research your builder and why it’s so important. (11:00)
• About Andrea’s recent experience with her new home. (13:18)
• Holding builders responsible for delivering a polished product. (15:55)
• What Cameil’s life as an entrepreneur looks like. (16:52)
• How The Admin Polishers came to be. (17:30)
• Fine tuning and why it has to be done in this industry. (18:20)
• Some recommended resources from Cameil. (19:57)
• How the pandemic drove change in Cameil’s life. (22:25)

Resources:

• Home Construction Regulatory Authority - https://www.hcraontario.ca/
• Tarion - https://www.tarion.com/
• Tarion's PDI YouTube series - https://youtube.com/playlist?list=PLGI_hEM8F6Sp10prD8dgi9dFQ5kSOykGN

Connect with Cameil:

• Tings Jamaican - https://tings-jamaican.com/
• The Admin Polishers - https://theadminpolishers.ca/
• LinkedIn - https://www.linkedin.com/in/cameil-mclennon

Contact the Kean Group:

• Instagram - https://www.instagram.com/kean.on.you/?hl=en
• Website: https://keangroup.ca/
• Youtube: https://youtu.be/gzviZeuyLO0

We do have a special guest tonight and his name is Andrew Hunter. He is a pro athlete, basketball player. And he moved into real estate and from real estate into banking and from banking. Now, he is an entrepreneur who owns his own brokerage and real estate firm. And he's had an awesome career and he's going to share with us.

Andrew brings us on his travels through Europe while playing professional Basketball and talks about what led him to start investing in real estate. We learn about how he's grown his own portfolio and has now found his way to being a Mortgage Broker and Real Estate professional with his 2 companies

Real Estate Brokerage

Hunterra Real Estate Brokerage Inc.

www.hunterragroup.com

Mortgage Brokerage

Bay Hill Financial Corp.

www.bayhillfin.com

Alfonso shares his experience coming through 2 wars and arriving in Canada, and using his skills and entrepreneurial tenacity to build a successful business. He experienced running a business during a global catastrophe 20 years before covid. Because of his successes and failures he learned the value of Real Estate and shares how he got involved and learned. Today he has over 500 units in his portfolio.

How a 29 year old Millennial Started Investing Real Estate?

Jamal Newman was born and raised here in Canada but completed high school and university in the US. He graduated with a bachelors of science majoring in biology. After which he came back home and was exploring a career in health care, although he wasn’t quite sure what field specifically he wanted to be in. Jamal's mom was always supportive of whatever he wanted to do, she never pushed her children in a particular direction but whatever they chose she would support, they essentially had to be their own ignition and she was the gas to fuel the fire. 

Currently as an insurance advisor specializing in health and living benefits, Jamal works in education and engagement at the Ontario Medical Association. 

Real estate is more of a passion for him right now and he feels like most people that have jobs where that we do what we need to do and then that helps fund our passions or rather what we want to do. For people that have been able to blend the two they’re extremely blessed.

His journey in real estate most relates to his entrepreneurial spirit which he definitely inherited from his mother. Listen in for how he came to own 4 properties at such a young age, while working full time. He's set to do big things and we can all learn from his drive and determination.

That our future resources are going to be far greater than our present resources. What does that really mean when you borrow money? It should be used to grow your personal assets or you are in a position to grow your business so that you can be successful, hire people and spread the wealth.

The Use of Credit is based on the assumption that are future resources are greater than our present resources

Are you using credit to build wealth?

What is Credit made up of? It is your history, your Score, and your credit report

Myths about Credit clarified:

• You don’t need to carry a balance but you do need to use your credit
• All credit reports are not the same, we have Transunion and Equifax, there can be discrepancies
• Checking your credit will impact your score, there is a difference between hard and soft credit pull.
• Having now credit is not good credit, no record is not good because you are seen more as a risk
• Pay off derogatory debts and settling can remove it from your credit, only in 6-7 years will it be removed, You can’t get it removed unless it was a mistake

The difference between a consumer proposal and bankruptcy.

Why do you need good Credit?

• The better your credit the better your rates and terms & conditions of the mortgages
• To buy or rent a home
• Employers are pulling credit
• To Start a business
• Student Loans now are checking your credit
• Buying or leasing a Car
• Auto or home insurance

There is a need to do your best to maintain good credit

What is Good Credit

• There is a scale from 300-900
• Under 500 is Bad
• 500-600 is Not Good
• 600-700 ready to by
• 700-800 very good
• 800-900 Excellent

What impacts your Score

• 35% is Payment History
• 30% is Utilization, how much of your credit are you using, it helps to bring down your balances to look good to lenders
• 10% - Types of Credit you have e.g. credit cards, mortgages, lines of credit - Lenders prefer to see major types of credit cards
• 10% - Pursuit of new credit - how much new credit are you shopping for
• 15% - Credit History

Your Credit Score does not define you, you can rebuild from a bad Score

Contact Siobhan Bent - Mortgages 4 Moms

www.mortgages4moms.com

[email protected]

www.siobhanbent.com

416-505-3067

Instagram: @mortgages4moms

A secret the Banks don’t want you to know  - The Rule of 72

• A simple calculation to determine how long it will take for you to double your money, banks and lender use this simple rule to determine how long it will take to double their money while extending credit to you.

Set a debt Freedom date

• 2 ways to decide which debts to pay of debts first
• Smallest debts first to feel like you’ve seen success quickly then move on the tackle the next largest debt
• Tackling the debts with the highest interest debt or most costly.
• Listen in for more excellent tips on improving your credit and using your good credit to build wealth

Listen in to get more nuggets!!

We’re here with Candace Harris, an Investor herself who is out there creating so much great value for her investor partners and herself by using a specific strategy called an in-fill. These give an opportunity to create value where it  did not exist before. It’s not the quickest path, but it definitely has the potential to create higher return on investment than other strategies. Listen to the end for Candace's Tips for investing in in-fills!

Not Getting Results Filling a Vacancy? Try a Tenant Placement Service!

A discussion with an investor in the Toronto Condo market faced months of vacancy and after calling the KEAN Real Estate Group, they were able to find him a tenant within a week. As investors, they use their experience and various strategies to ensure that they are able to attract and retain the best tenants for clients. As more landlords face high vacancy rates, especially in Toronto, their client Vincent thinks our services are valuable.