The RECC Podcast

make sure it is not a one horse town
private sector has more jobs than public sector
good place to start a portfolio but usually not very liquid so may be difficult to exit unless you refinance until you liquidate at the end of your investment career, accept to be creative

Logan from the True Commercial Mastermind is great at it and I learned a lot from him
I was cold calling tenants to figure out phone number from landlord, soft touch
cold called landlord, spoke a lot about myself and asked for authorization to call back in a year or 2
Friendly calls around the holidays

red flags: want to move in right away, don't want to see the unit, mentions cash now, wants to barter, confusing information, not a good fit: too many people for the size of the unit |  |  |
3 questions: when are you looking to move, who would be living with you, where do you work |  |  |
3 step process: email then phone: try to have a long conversation, then check on Facebook and social media |  |  | 
references: former landlord and current employer, I have had some fake landlords who sounded more like friends so I asked some targeted questions, figure out if they paid on time and how they kept the place |  |  | 
|  | employer: number of hours worked a week, how long in the position, job title and planning to keep them? | 

Key: I love holding others accountable
With no boss, being self-propelled = define your own objectives, plan to attain them and need assistance staying on track 
Translation = translate larger goals (quarter) into daily actions
Enjoy being held accountable: daily, weekly, bi-weekly, monthly even if I only do it the day prior or the day of

I am very interested in green energies and green buildings so today we dive into solar panels with Darcy White who is also a co-host on our other show with Glen Sutherland called Advanced Real Estate Talk.

first loan I qualified for was based on personal income, and I didn't qualify for much
private
refi with commercial lender
bridge loan in situation that allow for it: you buy a property that needs extensive renovations, rehab it and refinance it with a traditional long term loan

I like this strategy: refinance rather than sell, tax free funds you can extract by getting a new loan
real estate appreciates over time but depreciates for tax purposes
legacy for children

buy, rehab, rent, refinance, repeat
powerful strategy to grow one's portfolio: since you extract the funds you have invested once the property has gained in value and invest them somewhere else
I have done it on several properties and it took me longer due to refinancing conditions of my financial institution but it was great

In this episode we interview Adney, a Canadian investor with a special focus on large residential and non residential commercial: medical office...