Mike Everett’s Podcast Show Notes

1:12 - Introduction of Mike

2:36 - Story of Mike - Life and how he started Real Estate: Bought a few houses around 2010, sold some and bought their first multifamily building shortly after. Recently purchased 7 multi family buildings (in 2017).

5:25 - Mike & Wife’s Ventures & about Family. Newborn baby 3 weeks ago.

7:10- More on Mike’s family and some benefits of Real Estate to Family

9:30 - Mike’s Beginnings

11:46 - Mike’s First Investments: Surrey and Langley BC. Prices tripled in 9 years. First multifamily purchased was in Prince George (12 suite building), this was after walking away from a deal in Edmonton that they spent $15,000 in soft costs investigating. Mike wishes he bought it, it was only a $50,000 difference and he would have made a lot of money he could have made. It was a good lesson learned.

15:30 - More about Mike’s Multi-family Investment: the first refinance he got all his money back and improved his cashflow by $5. He used the return of his capital to go buy more, and started raising capital as well. He just closed on 3 buildings and did 3 residential refinances all at the same time. It took a lot of coordination and organization to pull it off.

18:30 - Mike’s Legal Background: Mike's reports are very detailed, it helps with getting funds from JV partners and from the banks.

21:10 - Mike’s Due Diligence Process: Mike's new real estate analysis app. Coming soon!

26:50 - Mike’s current property/investments: currently own 80 suites, the building under contract will bring them up to 95 units. How Mike saw a Billionaire raising capital.

28:30 - How Mike started raising capital: Friends and family was the start, then people learned what he was doing and asked to join him. Learning how to raise capital is the most important skill - it's a mistake to try to earn more money to invest. Better to learn to raise capital and practice.

30:50 - Mike’s perspective about the economy and why Real Estate is important: Financial Darwinism and Economic Species. Most people are in financial quicksand, this is how to get out.

35:40- The workforce these days: Used to be 1 person working in the household working. Lifestyle creep happened and prices raised faster than income. The result was women joining the workforce to that people could get ahead. Now 2 parents working is the norm, kids stay at home well into their adult years, and we are seeing parents moving in with their kids. Terms like "boomerang kids" and "sandwich generation" now describe many families. Financial Darwinism means the strong survive. How you can be financially strong.

38:20- How to get ahead the next financial crisis.

40:30 - Real Estate Investors are an economic subspecies in the world of Economic Darwinism. Apex predator.

42:10 - Question to Mike: What would you tell your younger self?

42:20 - Question to Mike: What are you afraid of and how do you overcome it?

If you'd like to join a group of high achievers, check out our real estate investment meetings. We meet every month, the next one is all about how to buy apartments buildings.  Learn more at www.RENTS.website.

Mike Everett’s Podcast Show Notes

1:12 - Introduction of Mike

2:36 - Story of Mike - Life and how he started Real Estate: Bought a few houses around 2010, sold some and bought their first multifamily building shortly after. Recently purchased 7 multi family buildings (in 2017).

5:25 - Mike & Wife’s Ventures & about Family. Newborn baby 3 weeks ago.

7:10- More on Mike’s family and some benefits of Real Estate to Family

9:30 - Mike’s Beginnings

11:46 - Mike’s First Investments: Surrey and Langley BC. Prices tripled in 9 years. First multifamily purchased was in Prince George (12 suite building), this was after walking away from a deal in Edmonton that they spent $15,000 in soft costs investigating. Mike wishes he bought it, it was only a $50,000 difference and he would have made a lot of money he could have made. It was a good lesson learned.

15:30 - More about Mike’s Multi-family Investment: the first refinance he got all his money back and improved his cashflow by $5. He used the return of his capital to go buy more, and started raising capital as well. He just closed on 3 buildings and did 3 residential refinances all at the same time. It took a lot of coordination and organization to pull it off.

18:30 - Mike’s Legal Background: Mike's reports are very detailed, it helps with getting funds from JV partners and from the banks.

21:10 - Mike’s Due Diligence Process: Mike's new real estate analysis app. Coming soon!

26:50 - Mike’s current property/investments: currently own 80 suites, the building under contract will bring them up to 95 units. How Mike saw a Billionaire raising capital.

28:30 - How Mike started raising capital: Friends and family was the start, then people learned what he was doing and asked to join him. Learning how to raise capital is the most important skill - it's a mistake to try to earn more money to invest. Better to learn to raise capital and practice.

30:50 - Mike’s perspective about the economy and why Real Estate is important: Financial Darwinism and Economic Species. Most people are in financial quicksand, this is how to get out.

35:40- The workforce these days: Used to be 1 person working in the household working. Lifestyle creep happened and prices raised faster than income. The result was women joining the workforce to that people could get ahead. Now 2 parents working is the norm, kids stay at home well into their adult years, and we are seeing parents moving in with their kids. Terms like "boomerang kids" and "sandwich generation" now describe many families. Financial Darwinism means the strong survive. How you can be financially strong.

38:20- How to get ahead the next financial crisis.

40:30 - Real Estate Investors are an economic subspecies in the world of Economic Darwinism. Apex predator.

42:10 - Question to Mike: What would you tell your younger self?

42:20 - Question to Mike: What are you afraid of and how do you overcome it?

If you'd like to join a group of high achievers, check out our real estate investment meetings. We meet every month, the next one is all about how to buy apartments buildings.  Learn more at www.RENTS.website.

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!


Show notes:

02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years

03m10s - How Pierre-Paul started in real estate investing

04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)

05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)

06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself

08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")

09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome

10m30s - travel was and is a big part of Pierre-Paul's life

11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family

13m40s - Pierre-Paul is an early riser!

14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife.

16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards.

18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids.

19m42s - Dealing with regret about leaving a good job with a government pension.

21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)

23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!

25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...


28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles)
 

32m00s - Tony Seba on Clean Disruption of Energy and Transportation 
 

34m00s - Bitcoin and Blockchain technology by Don Tapscott


37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 


40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process."
 

42m21s Pierre-Paul has a brand new free...

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!

Show notes:

02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years

03m10s - How Pierre-Paul started in real estate investing

04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)

05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)

06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself

08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")

09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome

10m30s - travel was and is a big part of Pierre-Paul's life

11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family

13m40s - Pierre-Paul is an early riser!

14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife.

16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards.

18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids.

19m42s - Dealing with regret about leaving a good job with a government pension.

21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)

23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!

25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...

28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles)

 

32m00s - Tony Seba on Clean Disruption of Energy and Transportation 

 

34m00s - Bitcoin and Blockchain technology by Don Tapscott

37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 

40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process."

 

42m21s Pierre-Paul has a brand new free video series, link below:  https://wp.me/p7ZLAq-cx

Felisha Martin was raised in southern Ontario and moved to Kamloops in 2016 after living in San Francisco, England, Taiwan, and Vancouver. Felisha has been living her life in fast forward, forced to grow up fast ever since her mother went missing when Felisha was six years old. From traveling the word, earning her Masters degree very young, managing a severe illness for both herself and her husband, paying off debt super fast, to getting screwed by a contractor on one of her first real estate deals, you'll be inspired by Felisha's tenacity and resilience .

Through hard work, and by having a very positive and optimistic worldview, Felisha has navigated through personal and professional hardship, and managed some amazing success.

Felisha loves travel, the outdoors, kayaking, learning about other cultures, and spends a lot of time volunteering in the communities she lives in. Felisha's career (and life) have taken quite a few twists and turns: she's worked in insurance; lived with a pro hockey player as a personal assistant; and then found her place in the work world as a teacher; academic director, and summer school director. Felisha also spent some time as a schools manager for an EdTech company supporting schools across BC with implementing new technology into existing curriculum. Felisha is one of those lucky people that truly loved her work- it was both inspiring and rewarding every day. Felisha is currently on a work hiatus as she is pregnant with her first child and looking forward to being a full time mom for a while.

Felisha and her husband Spencer fell into real estate investing as a side effect of our desire to move around. He bought their first property in Vancouver and then on a whim while considering a move to Kelowna they bought a condo there, but eventually decided Kamloops was a better fit. Instead of selling their existing properties they rented them out and purchased a home in Kamloops that they added a suite to. Now they have a place to live, and one to rent out in Kamloops. This is just the beginning for Spencer and Felisha as they now have a taste of what real estate investment can offer and look forward to creating more opportunities for themselves this way.


RENTS Podcast Show Notes:

1:13 - Introduction of Felisha Martin
2:00 - More about Felisha
2:40 - Career
3:38 - How Felisha became a member of RENTS (Syrian refugee family sponsorship)
4:19 - Experience investing in Real Estate, bought first place in Vancouver, next place in Kelowna, then up/down suite in Kamloops
5:48 - Tiny homes, how to make it happen in Kamloops
8:25 - A crooked contractor (Jason McDowell) stole $58,000 from Felisha
10:10 - Investment over the last few years has been great for equity gains, to get screwed for that much money and still be able to break even is incredible
12:45 - Felisha’s Family, growing up with a mother who went missing when Felisha was 6. See the Lapse Storytelling Podcast in the reference below.
16:40 - Police car driving by interrupting the podcast :)
17:22 - How Felisha met her husband (online dating can work!) Married after 8 months
21:10 - New husband's kidney disease got really serious, she stuck through it
23:25 - Felisha got sick two years later, was misdiagnosed with infertility, early menopause
24:50 - Malta's medical system and how wonderful it is. More doctors in Malta (400,000 people) than all of Western Canada. $70 to spend 1.5 hours with an endocrinologist.
26:30 - Felisha and Spencer are expecting their first child in June
27:28 - Next Real Estate purchase plans is in Croatia, buy a property to Airbnb and then have a place to vacation to and eventually retire
29:05 - It's possible to live there for $1000/mo CAD, minimalism lifestyle and living with less is very happy
31:40 - It's a safe place with laws that protect property owners, there is no...

Felisha Martin was raised in southern Ontario and moved to Kamloops in 2016 after living in San Francisco, England, Taiwan, and Vancouver. Felisha has been living her life in fast forward, forced to grow up fast ever since her mother went missing when Felisha was six years old. From traveling the word, earning her Masters degree very young, managing a severe illness for both herself and her husband, paying off debt super fast, to getting screwed by a contractor on one of her first real estate deals, you'll be inspired by Felisha's tenacity and resilience .

Through hard work, and by having a very positive and optimistic worldview, Felisha has navigated through personal and professional hardship, and managed some amazing success.

Felisha loves travel, the outdoors, kayaking, learning about other cultures, and spends a lot of time volunteering in the communities she lives in. Felisha's career (and life) have taken quite a few twists and turns: she's worked in insurance; lived with a pro hockey player as a personal assistant; and then found her place in the work world as a teacher; academic director, and summer school director. Felisha also spent some time as a schools manager for an EdTech company supporting schools across BC with implementing new technology into existing curriculum. Felisha is one of those lucky people that truly loved her work- it was both inspiring and rewarding every day. Felisha is currently on a work hiatus as she is pregnant with her first child and looking forward to being a full time mom for a while.

Felisha and her husband Spencer fell into real estate investing as a side effect of our desire to move around. He bought their first property in Vancouver and then on a whim while considering a move to Kelowna they bought a condo there, but eventually decided Kamloops was a better fit. Instead of selling their existing properties they rented them out and purchased a home in Kamloops that they added a suite to. Now they have a place to live, and one to rent out in Kamloops. This is just the beginning for Spencer and Felisha as they now have a taste of what real estate investment can offer and look forward to creating more opportunities for themselves this way.

RENTS Podcast Show Notes:

1:13 - Introduction of Felisha Martin

2:00 - More about Felisha

2:40 - Career

3:38 - How Felisha became a member of RENTS (Syrian refugee family sponsorship)

4:19 - Experience investing in Real Estate, bought first place in Vancouver, next place in Kelowna, then up/down suite in Kamloops

5:48 - Tiny homes, how to make it happen in Kamloops

8:25 - A crooked contractor (Jason McDowell) stole $58,000 from Felisha

10:10 - Investment over the last few years has been great for equity gains, to get screwed for that much money and still be able to break even is incredible

12:45 - Felisha’s Family, growing up with a mother who went missing when Felisha was 6. See the Lapse Storytelling Podcast in the reference below.

16:40 - Police car driving by interrupting the podcast :)

17:22 - How Felisha met her husband (online dating can work!) Married after 8 months

21:10 - New husband's kidney disease got really serious, she stuck through it

23:25 - Felisha got sick two years later, was misdiagnosed with infertility, early menopause

24:50 - Malta's medical system and how wonderful it is. More doctors in Malta (400,000 people) than all of Western Canada. $70 to spend 1.5 hours with an endocrinologist.

26:30 - Felisha and Spencer are expecting their first child in June

27:28 - Next Real Estate purchase plans is in Croatia, buy a property to Airbnb and then have a place to vacation to and eventually retire

29:05 - It's possible to live there for $1000/mo CAD, minimalism lifestyle and living with less is very happy

31:40 - It's a safe place with laws that protect property owners, there is no property tax!

33:15 - Turning point in life and how she moved on. Felisha's fist marriage and bouncing back...

0:00-1:13 - Rents Introduction
1:14 - Intro of Donna Gibson as the Senior Manager at BDO’s Kamloops Office
1:22 - What does BDO stands for?
1:42 - Donna Gibson’s Employment History
3:08 - Donna Gibson’s Bio
3:45 - Career
5:15 - Family Background
6:08 - How did Donna come to joined the RENTS Club
7:28 - Turning point on the path
8:17 - Tuning point to set a path in life
10:15 - More about busy budget
11:55 - Is it better to hold real estate already inside a corporation with passive income
13:50 - Would it be better to buy a property inside of a company or personally?
16:00 - More about GST
17:22 - Being a GST member
18:40 - Should I depreciate my property?
21:38 - What does the future holds for Donna
22:22 - Evolution of Donna’s career
25:00 - What will you tell your younger age?
25:40 - Clients with Real Estate in their portfolios

0:00-1:13 - Rents Introduction

1:14 - Intro of Donna Gibson as the Senior Manager at BDO’s Kamloops Office

1:22 - What does BDO stands for?

1:42 - Donna Gibson’s Employment History

3:08 - Donna Gibson’s Bio

3:45 - Career

5:15 - Family Background

6:08 - How did Donna come to joined the RENTS Club

7:28 - Turning point on the path

8:17 - Tuning point to set a path in life

10:15 - More about busy budget

11:55 - Is it better to hold real estate already inside a corporation with passive income

13:50 - Would it be better to buy a property inside of a company or personally?

16:00 - More about GST

17:22 - Being a GST member

18:40 - Should I depreciate my property?

21:38 - What does the future holds for Donna

22:22 - Evolution of Donna’s career

25:00 - What will you tell your younger age?

25:40 - Clients with Real Estate in their portfolios

What would you do after 36 years working? For Mel Johnson the answer to that has been real estate investing, volunteering, golf, travel, cycling, spending time with kids and grandkids, and nurturing his 44 year long marriage!

Show notes:

- Mel decided to form a company with his son and wife. - 12:03
- They ended up calling the company MCH (MELCRAIGHETHER) Development Ltd. - 12:20
- They ended up forming 5 shareholders including 2 more of his children.- 12:33
- Splitting the revenue 10% to Mel and Heather and 90% to the 3 Children - 12:50
- The main objective is to get his children involved in real estate. - 13:27
- They also got other options which they have 11 share classes so they could have other investors come in to the company and wanted to do bigger deals. - 13:37
- The appeal of doing a build is a shorter period of hold to earn - 22:11
- Mel talks about what he is afraid of and how he'd overcome his fears - 25:57
- Mel also emphasizes why we just need to be simply authentic and honest with people, he thinks that to be able to be successful in business- personal rapport is really important and Always like the job you are into.- 26:40
- Have a good relationship with the boss and colleagues which you should treat fairly.-26:55
- If you don't have a good boss, life could really be tough. So Mel tries to always become a good boss. - 27:05

- You have to be firm but fair.- 27:12
- Treat everybody the same. 27:14
- Volunteering is also an interest for Mel and his wife because it is like connecting and sharing with people which they find very satisfying. - 27:33
- Volunteering is good for the soul. - 27:48
- Mel also gives advice to people who are asking if the business of real estate is for them.-30:00
- We have to connect with people who have done it themselves, to get some important insights, but probably to make the first deal and overcoming fear is the biggest challenge. - 30:05
- You have to write down everything into steps. so you can identify, do or complete and show progress and get yourself ready to have the resources in place whether it's financing, or the legal advice or realtor have all those people. all the connection that can support you. - 30:22
- "Get the best advice you can and take the plunge" 30:42



Mel's Bio:
- Batchelor of Science in Forestry
- 33 years with Weyerhaeuser in various Managerial roles (Kamloops, Lumby, Vavenby)
- 3 years with Domtar as Fibre Supply Manager at the Kamloops Pulp Mill
- Retired in 2010 at 62
- First Real Estate Investment in 2005
- Have invested in Real Estate Limited Partnerships
- Currently have interests in 4 rental properties, recetly sold 2
- Started a Limited Company in March 2017 to invest in Real Estate and recently completed a build in Kamloops, looking for the next oportunity.

Visit us at the next meeting or view meetings online at www.RENTS.website

Bernard Immel is a BC Chess Champion, and bought his first duplex at age 20! A TON of knowledge is shared here, so enjoy!
Show notes:

- from 100 Mile House, worked while in high school 2:05
- Rich Dad Poor Dad impact on Bernard 2:45
- parents immigrated from Germany and Philippines 3:37
- worked at Cactus Club learned good customer service skills 4:50
- worked for a drilling company to qualify for his first mortgage at age twenty! 5:15
- Bernard's family, personal tragedy as a tool to push for success 6:10
- Growing up in foster care and the danger of becoming a statistic. You need to "Be The Exception" and "Success is Your Duty"
- How to live for free 9:15
- Low Contingency fund, Problem Tenants 10:00
- The importance of support in real estate investing 12:00
- Sometimes you earn, sometimes you learn 12:12
- Working as a financial advisor and a mortgage broker 13:18
- BC Provincial Chess Campion, being a nerd and a jock at the same time 13:47
- Mortgages changes to lending rules in Canada 16:15
- Affordability remains unchanged over the last decade 17:30
- This most recent change will now affect even people with lots of equity (20% or more), people who don't need a government insured high ratio mortgage (CMHC). It will also affect people who wanted to refinance their house, and will hurt those who want to consolidate high interest credit card debt into their mortgage. Those who want a HELOC will also lose some purchasing power. Get your refinances and HELOCs done BEFORE Jan 1st, 2018!! 20:52
- How many mortgages can one person get? "AS MANY AS YOU WANT"
- TIP: Be careful about setting up a "Collateral Charge." Structure your finances among many banks for one major (and potentially dangerous) reason 24:52
- Rule of thumb for income out of your principal residence: how much more can I borrow if I rent out part of my home? 26:08
- Q: Should I stick to a mortgage broker or should I work with the banks as well? A: It's best to "spread around" your consumption of financial products between many different companies. (Dangers of a collateral charge) 29:46
- Creating systems for your business 32:38
- Ways to build your net worth: "The Four Quadrants" 34:40
- Have a job AND invest. Have a job AND build a business 40:07
- Systems exist for each part of your business, use them! 41:00
- "Your tenant is someone who pays all your bills, does all the upkeep, opens up shop in the morning, closes it up at night, then when you sell the property they leave you with all the profits, they are the best business partner you could ever have." 41:07
RENTS Christmas Party 41:40

Visit www.RENTS.website to learn more about real estate investing!