Lifestyle Housing Radio

Key Takeaways:

 

- Doing your research up front and having a good team will make things easier.

- If you buy good houses, your going to get good tenants.

- With rent to own, make sure they can afford the monthly paym...

Key Takeaways:

 

- The best strategie for you is based on what you're trying to accomplish.

- Real estate investing is a long term wealth building plan. Think long term.

- 1 or 2 properties, held for a long period can make a huge impact on your financial future.

- Keep reserve funds to smooth your ride.

- Flipping homes, high end vs. low end.

- Flipping vs. buy and hold.

- Time can correct your buy and hold mistakes.

- When flipping homes, know in advance who is going to be doing the work.

- A real estate investor is a DIFFERENT role than property manager or maintanance person.

- Most of the problems come from poor tenant selection.

- The cost of a bad tenant is way higher than a vacancy.

 

Kevin is the host of LifeStyle Housing Radio.

 

Get the tenant screening guide at lifestylehousingsummit.com/offer

Key Takeaways:

 

- There's is no shortcuts to real estate. It's a business like any other.

- Real estate is not that scary.

- What is wholesaling.

- How to find deals. Look for opportunities all over the place.

- How you find them is not as important as what you do with it when you find it.

- You need to know the values in your area before you can assess a property.

- Be transparent, when you try to hide things you will get in trouble.

- How to find buyers to assign your contracts to.

 

Ben Muresan, aka, “Humble Wholesaler”, has been a Canadian Real Estate Investor for 12 years. In his early 20’s Ben spent money on every Real Estate course/training that was available. Leaving University early to pursue a cleaning business, Ben always had a passion for understanding Real Estate and business growth. Although he gained plenty of book knowledge, he didn’t take massive action until 2009. During the economic downturn, Ben used the opportunity to “jump in with both feet”. The experience he gained from “hustling” everyday for 10 years, has given him perspective and plenty of “street smarts”. Having completed 118 Real Estate deals, Ben’s focus is on Real Estate Wholesaling and mentoring.

 

Mindset and Purpose have been critical to Ben’s success as a business owner and as a faith-based Christian. He seeks wisdom and relationships that can help him achieve his calling of faithful stewardship. Coming to Canada as an immigrant, Ben’s work ethic has driven him to gain success as an investor. Ben is now the largest private buyer in Windsor, ON. His retail company, Forte Real Estate, is a community focused housing initiative, which makes home ownership affordable for hard-working families. His passion for doing deals and helping people, is fundamental in his Real Estate Wholesaling business. Giving back to his community and church are very important parts of his long-term goals. He loves sharing his passion for business with other investors, and truly aspires to be a mentor who helps students grow, learning from his life lessons. Faith and family are highly important to Ben and he lives by this mindset, “take care of people, and the profit will come”.

 

Meet Ben Muresan at www.chrisrood.com

Key Takeaways:

 

- It's hard to grow your business when you're fixing toilets.

- You have to work on the things that make you the most money...finding money and finding properties.

- The ups and downs of investing in single family homes.

- Every property must cash flow including property manager, vacancy fund and repairs.

- How to select the neighbourhood to invest in.

- How to simplify your renovations by using a system.

- The number one thing that can ruin your business is contractors.

- Take the time and don't underestimate the importance of finding a good contractor.

- The pros and cons of being a realtor to help your investing.

- How to choose your investing strategy...start with the end goal.

 

Coming from a long line of carpenters, Mat has always had an interest in building and renovations- you could even say it is in his ‘blood.’ Combine this with his passion for real estate investing and his desire to achieve financial freedom for both himself and his clients and together you have one motivated real estate agent!

 

As a child, Mat’s family struggled financially like many others and early on, he knew that there was more to life than just ‘living to get by.’ After graduating from high school, he began his carpentry apprenticeship with a small renovations company, working alongside two senior employees who soon became his mentors. With the help from his mentors, Mat soon became a skilled carpenter in residential renovations. A contract with Ontario Housing solidified these skills as he gained both hands on experience and knowledge of residential homes early in his career.

 

Nearing the end of his apprenticeship, Mat began to question his future as a company-employed carpenter. While he loved the work, he found himself caught up in the never-ending ‘rat-race’ they call life- waking up at 5:45am to be at work by 7:00am, racing home at 5:00pm to eat dinner and go to bed, just to start the cycle again the next day. As a 20 year old, this is something he had never envisioned for himself and he delved into a journey of self-reflection and analysis. While for some this type of self-reflection comes later in life, for Mat this type-A mentality was nothing new.

 

Knowing he needed to take control of his life, Mat quickly shifted his focus to real estate investing. He constantly studied the ins and outs of how to purchase property like a sophisticated investor. Much of his knowledge and guidance came from his membership to REIN (Real Estate Investment Network), a network he is still actively involved with today.

 

With his new arsenal of knowledge, Mat took control of his life for the first time and bought his first investment property on his 22nd birthday. This purchase marked a major turning point in his life, giving him the confidence he needed to quit his job and start his own renovation company strictly for other investors. Mat’s innovative renovation methods for saving client’s money set him apart from his competitors and earned him the respect of many local investors, allowing him to build strong relationships and connections with them. Being in control of his schedule was something that he appreciated, especially the freedom that came along with it.

 

As he continued to meet investors at networking events such as REIN, he noticed that their complaints were all the same- “I can’t find a realtor who KNOWS the business of investing and the analysis that is required.” With this in mind, Mat began to wonder about a future in selling real estate.

 

When he analyzed the pros and cons connected to his current career path, he found that he was not completely satisfied. While he had a passion for renovating and helping his clients achieve their goals, he no longer appreciated the backbreaking,

Key Takeaways:

 

- The perfect plan for getting started.

- What kind of market do vendor take backs work in.

- It works for everyone because each person is in a different place in their live.

- Find their motivations and put together a deal that matches that so it makes sense for them to work with you.

- How to present the deal so the seller understands the benefits.

- VTB's are more prevalent than ever in multi family buildings.

- Rates and terms for VTB mortgages.

- The magic of equity pay down is not something you get with other investments.

 

Kepler Real Estate Holdings and Management was founded when Jon Kepler leased his first rental unit in 2009. Today, the business has grown to include seven figures in real estate holdings with an integrated service team.

 

Mr. Kepler's previous work experience has spanned a variety of industries including advertising, technology, food, finance, luxury goods, journalism, direct sales, healthcare, travel and telecom. He has been featured in several news publications including Inc.com, Variety, Mahalo and UOL (Brazil).

 

Meet Jon Kepler at www.keplerresidences.com

Key Takeaways:

 

- Real estate is the way to save for the future and have cash flow.

- With investment advisers, you are just a name on a file.

- Everyone should have five homes to supplement your income and give you choices.

- How I acquired 21 doors in 24 months.

- Nobody cares about your money like you can, take control of your investments.

- If you don't have the time, joint venture with someone with a track record.

- There are many ways to invest within real estate.

- Make a decision, execute it, and see where you are at.

- Talking with other like minded people is really important.

- When you're living, you should never stop learning.

 

Kathy 2014 Nominee, YWCA Woman of Distinction; Business Entrepreneur Acquired 21 rental doors in 24 months Over 6 Million dollars of real estate in Management GET YOUR $$ working for you! DESPITE being a single mom of 3 teenage boys, Kathy acquired and managed 21 investment doors in 24 months.

 

Meet Kathy Long at www.kathylongrealestate.com

Key Takeaways:

 

- Once you figure out how to raise money, it's really quite simple.

- Whatever your challenge is, work towards overcoming it and then move to the next one.

- If you can make bank money work, it's a good option to consider.

- The bank is your partner, but if you don't go with them, you need another partner.

- When fixing properties, it's nice to not have a mortgage payment.

- Banks look at your background, private lenders are more concerned about equity.

- A partner should have a different skill set than you do.

- You need a partner that you like and work well with...are your goals aligned.

- Don't convince people to invest in real estate...if someone who knows they should invest in real estate and convince them to invest with you.

- Money partners are investing in you before the property.

- Under promise and over deliver to make your partners come back for more...having happy investors in important.

- If you want to grow a large portfolio without any of your own money, jv partners are a good way to go.

- Where do you find investors for your deals.

 

Kevin Bunzeluk is the host of LifeStyleHousing Radio.  Click the 'about kevin' page to learn more.

 

Meet Kevin Bunzeluk at www.lifestylehousing.ca

Key Takeaways:

 

- The benefits of Alberta to other provinces...land transfer tax, rent controls, hst, pet fees.

- The Landlord Tenant Board is a polar opposite.

- Oil cycles and how they affect real estate...the exit is going to pick you.

- Choosing a city within the province you choose and a neighbourhood within the city.

- Newer properties work best for out of town buyers.

- The biggest resource is your property manager.

- one of the most important things is finding someone you are comfortable working with.

- Investment performance and how it compares.

 

Stephen Jones is a prolific Realtor®️ and Real Estate Investor whose consistent work ethic, drive, and passion have all earned him the reputation as a dedicated industry leader countrywide. Moreover, he is known as a Preferred Investment-Focused Realtor for the Real Estate Investment Network RBG Program, Keyspire, and Investor on Fire. Over the course of half a decade, he has garnered extensive hands on experience in helping fellow investors achieve their goals. In addition, he formerly served as a Manager for the Province of Ontario.

Embarking on his investment journey back in 1998, Stephen purchased his very first investment property in the heart of Pickering, Ontario for $147,000. To date, he is involved in land development and the owner of multiple properties not only in Ontario, but in Alberta and British Columbia as well. Currently, he is on a mission to assist his valued clients in building secure, lucrative real estate portfolios.

 

When he isn’t working directly with new investors, Stephen Jones can be found spending quality time with his wife, 4 children and his dog Chelsea. He is also a voracious reader and avid traveller.

 

Meet Stephen Jones at www.bluelinerealestategroup.com

Key Takeaways:

 

- Where they get there income is not a determining factor of renting to someone.

- Some types of housing lend themselves to subsidised renters.

- Who is the person in front of you, who are they becoming and how can you help them.

- Different types of property have different tenant profiles.

- Those with support worker are another check on your property.

- Tenants on subsidies are often long term, stable renters.

- Not all low priced housing is low income pricing.

We began our real estate journey in April 2001.  We purchased our first home after penny pinching for three months to save for the down payment!  We bought a house in Midland knowing it was small but comfortable for our upcoming family.  After having our daughter, we moved up to a larger, new home in Victoria Harbour in 2004.  We sold our starter to my brother, allowing him to join the home ownership world with a very nice family discount.

Our family grew, and so became busier and busier.  In 2006, Larry’s employer went through some hard times, as did our financial investments.  We felt it was a good opportunity to create our own safety net.  We took a second mortgage and purchased our first rental property.  It was a very large learning curve, being landlords for the first time, paying two sets of bills, and collecting monthly rents. We enjoyed learning so many new skills.  In 2007 we moved our family back to Midland to a fixer-upper home.  We did all the renovations ourselves and were very happy with the end results.  Larry always said it was 5-year flip, but I felt differently.  We were both correct.  In early 2012 we started down a path to personal development, both as individuals as well as a Power Couple!  We started to look into the further and set goals: where we saw ourselves in five years, ten years, and our family generational legacy.

 

We made our largest move to our current home at the end of 2012, retaining the fixer-upper with tenants arranged prior to us leaving.  That transaction situated us owning three properties.  Our Cash Flow had started.

 

We have audacious goals to help and invest in 1000 families. We want to share our experiences with others.

 

We read books, we are purposeful, we are grateful, and we reaffirm our dreams and goals daily.  We attend workshops, seminars, webinars, work with coaches, and surround ourselves with like-minded, goal oriented people.  We have traded our car radio for a Success audio library, listening to instructional and motivational CD’s.

 

We work hard.  We may have some great results, but those results have been the outcome of sacrifice, and time!

 

There is still a long way to go, but the journey is the beautiful part.

 

2016 has been the craziest year so far.   We accumulated 15 new properties, 11 as Joint Ventures, 4 on our own.  Many Duplexes, 2- Triplexes, 2-4plexes and an 8plex!

Meet Mandy Branham at www.mandybranham.com

Key Takeaways:

 

- The best way to be free and successful is to own your own business.

- Your tenants are the best business partner you can have...Treat them well.

- Do yourself a favour by focusing...it simplifies everything..you know what to look for and what to say no to.

- Get started and stay in the market and good things will happen.

- It's not about having all the resources, it's about being resourceful.

- Understand that the journey includes expecting challenges...embrace it.

- When to diversify and when to stay focused.

- What is private lending and what are the advantages.

- Know your numbers and know your exit.

- The rates are one thing, it's more about how long in need the money.

- How to find private lenders.

- There is money everywhere that is looking for good deals...put together good deals.

 

I love using real estate to meet my investment goals.

 

Those goals change over time.

 

When I became a father back in Aug 2005, the goal was "to create long term wealth via equity appreciation"

 

When my wife passed away suddenly in Oct 2014, the goal changed to "i need my real estate to support me financially as I deal with her passing"

 

After a period of mourning and making huge everyday adjustments in life, the goal now is to use real estate to create income.

 

How?

 

Private Mortgage Lending

 

After lots of research and set up time, I found a legal and structured way to involve others in private mortgage lending.

 

If you are interested in developing a passive income stream using your "idle" equity, please read on..

 

Who would be interested in investing?

 

* Income/Yield Focused Investors who want:

 

-capital preservation

-a passive quarterly income stream

-diversification away from stocks/mutual funds

 

-but don't have the time, energy or inclination to do private mortgage lending by themselves

 

You may be:

 

* Time Challenged Executive - you are good at using your time to make money but need help in using your money to make more money

 

* Retiring/Recently Retired- You need your base of assets to create income which meets your current needs and obligations. What happens when yields are near zero?

 

* Real Estate Investors - finding it tough to buy in a super hot market even though you have money? Use this money instead to create interest income.

 

If you are interested in protecting your wealth and creating a passive income stream(secured by real estate), please connect with me.

 

Meet Jay Gabrani at www.jaygabrani.com