The REITE Club - Real Estate Investing for Canadians

The REITE Club - Real Estate Investing for Canadians

By Daniel St. Jean, Laurel Simmons, Sarah Larbi and Alfonso SalemiBusinessEntrepreneurshipInvesting
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The REITE Club - Real Estate Investing for Canadians episodes

  • The Creative Lawyer – Bespoke Agreements and Service for Ontario Investors

    Guest: Milena Cardinal, Lawyer & Real Estate Investor

    Milena’s story is very inspirational! A lawyer, real estate investor, and mom, she leads a busy life and is building a substantial portfolio of over 25 doors. She’s been through many ups and downs over the years. Taking on flips and balancing family life was difficult. However, with proper systems in place and a solid power team, Milena and her husband are now much better positioned for growth.

    Being a landlord can also be quite challenging and have been dealing with some tenant issues. Milena’s law practice is very modern with fully digital services. She works with investors across Ontario for private lending, Joint Ventures, bare trusts, trust agreements, closing deals, assignment contracts, wholesales, private sales, and of course, looks after wills and secondary wills! Listen to the full episode for some golden nuggets.

    Listen to the full episode at https://www.thereiteclub.com/podcast

    In this episode you will learn about:

    • Being a lawyer and a real estate investor
    • Challenges led to more REI
    • Creative ownership and financing
    • Started in 2014
    • Networking for success
    • Leaving work to focus on deals
    • Focuses on multifamily
    • Get in touch with Milena:
      Website: www.cardinallaw.ca
      Email:
      [email protected]

      Listen to the full episode at https://www.thereiteclub.com/podcast

      This episode has been brought to you in part by
      Black Jack Contracting – https://blackjackcontractinginc.ca/

      Private Buyers – https://privatebuyers.ca/

      BM Select – https://bmselect.ca/

      The show notes are brought to you in part by:
      Building Stack is The REITE Club’s official digital signatures provider. Building Stack is an extremely flexible property management platform built in Canada, for Canadians. With hundreds of features throughout the entire tenant and leasing lifecycles, regardless of the size of your portfolio, you can immediately benefit from enormous cost and time savings wherever needed the most. You can now sign documents and leases faster than ever with their new digital signature add-on! Take advantage of a very special Reite Club discount and get started today! www.buildingstack.com

      43 min
    • When Is the Right Time to Leave Your Job and Become a Full-Time Investor?

      Guest: Michael Ponte, Real Estate Investor

      With over 20 years of experience, Michael shared how he began and how he grew. He started out without any plan and slowly grew to realize that he now had two full-time jobs… He chose to quit his full-time job to become a real estate investor and to scale. After buying about 5 properties, the banks started saying no and that’s when he entered the world of JVs. You make the money on the buy! Cash flow is king… 

      Listen to the full episode at https://www.thereiteclub.com/podcast

      In this episode you will learn about:

      • The music does stop sometimes
      • Real estate is a cyclical business
      • Create a cushion for downturns
      • Avoid properties going underwater… 
      • Panic selling or buying is a very bad decision
      • Negative cashflow can destroy your business
      • Focus on increasing revenue no matter the market
      • Get in touch with Michael:
        Website: www.prosperityinvestments.ca
        Email: 
        [email protected]

        Listen to the full episode at https://www.thereiteclub.com/podcast

        This episode has been brought to you in part by
        Private Money 4 Mortgages – http://privatemoney4mortgages.com/

        Elevation Realty – http://www.elevationrealty.ca/

        BM Select – https://bmselect.ca/

        The show notes are brought to you in part by:
        Building Stack is The REITE Club’s official digital signatures provider. Building Stack is an extremely flexible property management platform built in Canada, for Canadians. With hundreds of features throughout the entire tenant and leasing lifecycles, regardless of the size of your portfolio, you can immediately benefit from enormous cost and time savings wherever needed the most. You can now sign documents and leases faster than ever with their new digital signature add-on! Take advantage of a very special Reite Club discount and get started today! www.buildingstack.com

        51 min
      • How to get to 3 Properties Before Turning 30

        Guest: Skyleigh McCallum, Realtor/ Financial educator.

        Skyleigh accumulated a little bit of debt when first starting out in real estate. She eventually learned that she could refinance her property to pay off debt and help to save for the 2nd property.

        She learned the BRRRR strategy!

        Adding basement suites, using secured lines of credit and other creative financing strategies have helped her scale to 3 properties in a short period of time. Appreciation and especially forced appreciation have been the key to Skyleigh’s growth strategy. Skyleigh also helps her clients get into financial education through life insurance and various saving strategies.

        Listen to the full episode at https://www.thereiteclub.com/podcast

        In this episode you will learn about:

        • If you don’t know what career to choose, interview someone!
        • Having a power team to help you continue to grow and evolve
        • Investing in eastern Canada and in the USA for cash flow
        • Appreciation is great but not the end all be all
        • Combining real estate and financial education
        • Life insurance and the possibilities they offer
        • Helping people accumulate and protect assets
        • Get in touch with Skyleigh:
          Website: https://skyleighmccallum.com/
          Email:
          [email protected]

          Listen to the full episode at https://www.thereiteclub.com/podcast

          This episode has been brought to you in part by
          Black Jack Contracting – https://blackjackcontractinginc.ca/

          Private Buyers – https://privatebuyers.ca/

          BM Select – https://bmselect.ca/

          43 min
        • Buying a Condo Right Out of High School & Getting Started in REI

          Guest: Amanda Renzella, Real Estate Investor

          Amanda’s parents were instrumental in getting her started in the world of real estate investing. They pushed her to buy a condo that eventually led Amanda to buy a pre-construction townhouse. She used the equity in the condo to purchase the townhouse. And now, she’s able to use the equity in both properties to get to her next acquisition.

          Amanda has been enjoying our podcasts and applying the content for the past few months and is quickly building her team and learning how to leverage her properties. Tune in to find out how you can get started!

          Listen to the full episode at https://www.thereiteclub.com/podcast

          In this episode you will learn about:

          • Starting right out of high school
          • Parent’s influence
          • Paid rent to parents after high school to save for a downpayment
          • Bought 1st place in downtown Mississauga
          • Looking for your next property
          • How to do it again?
          • Floods, insurance claims, and other challenges
          • Appreciation and refinancing for success
          • Get in touch with Amanda:
            Instagram: @amarenz_
            Facebook: Amanda Renzella
            Email:
            [email protected]

            Listen to the full episode at https://www.thereiteclub.com/podcast
            This episode has been brought to you in part by
            Legal Second Suites – https://legalsecondsuites.com/

            Elevation Realty – http://www.elevationrealty.ca/
            BM Select – https://bmselect.ca/

            36 min
          • How to Grow Wealth with the Right Priorities

            Guest: Cody Yeh, Real Estate Investor & Stock Hacker

            Cody came to Canada on a student visa. He quickly learned about stock options and real estate investing. His goal is to buy two apartment buildings this year. He partnered with his mom on his very first real estate deal. He then saved up the down payment through overtime hours to purchase his first property on his own.

            In this interview, Cody discusses the fact that as you go up the corporate ladder, so does your stress level! More pressure and more pay… he wanted to get out and found creative ways to do so. He’s even looking at firing himself from his own company to focus on what matters the most to him: his family and friends. Tune in to learn how to prioritize for success.

            Listen to the full episode at https://www.thereiteclub.com/podcast

            In this episode you will learn about:

            • Motivation is everything
            • The importance of critical thinking
            • Working in a very competitive environment will forge your character
            • Using overtime pay to finance REI deals
            • Leaving a 6 figure income to become financially free
            • Building a power team 
            • The power of stock options
            • Get in touch with Cody:
              Website:  https://www.codyyeh.com/free-webinars
              Email:
              [email protected]

              Sign up for Cody Yeh’s upcoming free webinar: https://www.codyyeh.com/free-webinars
              Join Cody Yeh’s Stock & Options Fb Group: https://www.facebook.com/groups/StockInvestingCanadaUs
              Subscribe to Cody Yeh’s Youtube Channel: https://www.youtube.com/CodyYeh/
              Follow Cody Yeh on Instagram: https://www.instagram.com/cody__yeh/
              More Cody Yeh’s interviews: https://www.codyyeh.com/interviews

              This episode has been brought to you in part by
              Building Stack – https://www.buildingstack.com/

              Private Buyers – https://privatebuyers.ca/

              BM Select – https://bmselect.ca/

              50 min
            • How to Diversify Your Portfolio During A Crisis

              Guest: Andrew Hines, Real Estate Investor

              Andrew is an experienced real estate investor. He owns many student rental properties in Southwestern Ontario. With the current events, he’s been slowly divesting some of his properties to focus on new projects in Florida.

              Tune in to find out some great tips and insights on how to manage a real estate portfolio during a crisis. Andrew is now looking at new development and buying empty lots. He shares how to choose the right lot and how to identify the right properties for BRRRRs. As Florida is seeing massive growth, there is also an enormous opportunity to invest.

              Listen to the full episode at https://www.thereiteclub.com/podcast

              In this episode you will learn about:

              • Hedging your portfolio against market fluctuations
              • What’s happening with student rentals?
              • Being ahead of the curve
              • How to offer a more unique rental property for higher cash flow
              • Now focusing on new constructions and BRRRRs in Florida
              • Acquiring opportunities during massive population growth in FL
              • How to switch out materials to keep costs down
              • Identifying the right land to buy
              • Get in touch with Andrew:
                Website: https://www.andrew-hines.com/
                Best Place to Contact: 
                https://www.instagram.com/theandrewhines

                This episode has been brought to you in part by
                Black Jack Contracting – https://blackjackcontractinginc.ca/
                Elevation Realty – http://www.elevationrealty.ca/
                BM Select – https://bmselect.ca/

                50 min
              • Lessons Learned Along the Way… How to Grow Your Portfolio and Build Generational Wealth

                Guest: François & Jennifer Lanthier, Real Estate Investors

                Jennifer and François started out dabbling in real estate. There was no plan… they were saving for down payments, using their own credit, and eventually hit a financing wall. They were focusing on secondary markets for higher cash flow and they didn’t pay attention to appreciation.

                Eventually, they chose to enroll in a mentoring program to grow and start using OPM. At that point, they saw an opportunity in distant markets and they’re now investing in eastern Canada, northern USA and now looking abroad.

                Another big lesson they learned is that bad property management can be VERY detrimental. It’s a very open conversation, tune in to find out more.

                Listen to the full episode at https://www.thereiteclub.com/podcast

                In this episode you will learn about:

                • Long-distance investing
                • How to get the whole family involved
                • Slow flips and other beginner strategies
                • How to apply lessons learned from a poor economy
                • Using a mortgage penalty as part of a down payment 
                • Joint Ventures for success
                • Mortgages – look at terms rather than just the interest rate
                • Get in touch with François & Jennifer:
                  Facebook:  https://www.facebook.com/FLHomesCorp
                  YouTube:https://www.youtube.com/channel/UCcPBtxhWjBkTVI2mhZkMWcQ
                  Email:[email protected]

                  Listen to the full episode at https://www.thereiteclub.com/podcast

                  This episode has been brought to you in part by
                  Private Money 4 Mortgages – http://privatemoney4mortgages.com/Private Buyers – https://privatebuyers.ca/
                  BM Select – https://bmselect.ca/

                  53 min
                • How To Get The Best Mortgages And The Most Approvals With Proper Planning

                  Guest: Daniel Patton, Mortgage Agent & Investor Specialist

                  Private lending, BRRRRs, owning rental properties are all part of Daniel’s experience. His team helps investors buy in all provinces. During this podcast, we learned about the differences you can expect when buying in other provinces and how to manage this very hot market! Local brokers sometimes are better connected with local appraisers, etc. Work in cohesion with locals. Get your appraisal early! Especially when there are firm offers involved. As we always say, it’s all about relationships. Trust BM Select’s expertise for your next deal.

                  In this episode you will learn about:

                  • 19 years in the mortgage industry
                  • 15 years of investor financing
                  • Real-time adjustments
                  • Scaling and buying various types of properties
                  • BM Select is the #1 mortgage brokerage in Canada
                  • Backlogs are to be expected all over the market
                  • How to navigate this hot market
                  • Having coaches and power teams to mitigate the risks
                  • Get in touch with Daniel:
                    Website:  https://bmselect.ca/
                    Email:[email protected]

                    This episode has been brought to you in part by
                    Black Jack Contracting – https://blackjackcontractinginc.ca/
                    Elevation Realty – http://www.elevationrealty.ca/
                    BM Select – https://bmselect.ca/

                    59 min
                  • The Build Rent Refinance & Repeat

                    Guest: Natalie Cloutier, Real Estate Investor

                    Natalie and her husband got started with $0 in their early 20s. They found creative ways to grow wealth. Their main strategy is to buy land, build multi-family properties, move into them and refinance and repeat. It’s a new BRRR – Build, Rent, Refinance & Repeat. They’ve been super successful and have learned a lot along the way. Natalie explores how she went from working with financial institutions to sometimes using private lenders to ensure her projects run smoothly.

                    Listen to the full episode at https://www.thereiteclub.com/podcast

                    In this episode you will learn about:

                    • How to incorporate sweat equity into new build financing
                    • Creative house hacking for quick scaling
                    • Working with credit unions for construction financing
                    • Having a strong why…
                    • Working with your spouse
                    • Enjoy the journey!
                    • Schedule time for yourself and your loved ones
                    • Listen to the full episode at https://www.thereiteclub.com/podcast

                      Get in touch with Natalie:
                      Website: https://www.thenewbuildcouple.com/
                      Email:
                      [email protected]

                      This episode has been brought to you in part by
                      Legal Second Suites – https://legalsecondsuites.com/
                      Private Buyers – https://privatebuyers.ca/
                      BM Select – https://bmselect.ca/

                      45 min
                    • Building Confidence & Attracting Private Money

                      Guest: Mike & Lee-Anne Nicholson, Real Estate Investors

                      Mike & Lee-Anne are real estate investors located in Sault Ste. Marie, Ontario. They have also recently ventured to Detroit, Michigan. They chose Investor Mel & Dave’s mentorship program to learn how to use other people’s money (OPM) to scale up. They strongly believe in listening twice as much as you speak. Let others speak and you’ll hear some interesting things! They also practiced how to sell the idea of private lending. Get ready to ask! Ask for private money – offer the opportunity to work with you – ask for more mortgages – learn how to present your file differently.

                      Listen to the full episode at https://www.thereiteclub.com/podcast

                      In this episode you will learn about:

                      • Inspired by investor uncle
                      • Job transitions pushed them to look at other income streams
                      • 2017 was a turning point
                      • Understanding price points – 100k, 200k, 300k, and up
                      • How to buy with OPM
                      • Exit strategies for your own business and to attract OPM
                      • Having solid cash flow and maintenance budgets
                      • Get in touch with Mike & Lee-Anne Nicholson:
                        Email:
                        [email protected]
                        Instagram: @nicholson_property_investments

                        This episode has been brought to you in part by
                        Black Jack Contracting – https://blackjackcontractinginc.ca/
                        Private Buyers – https://privatebuyers.ca/
                        BM Select – https://bmselect.ca/

                        48 min

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