Well Off Podcast

Tim Blake is a Real Estate investor and Commercial REALTOR from Grande Prairie Alberta. He picks and chooses properties with substantial cashflow. Tim has also completed private financing, flips and land development. He’s been investing in Grande Prairie since 2002.

Tim’s NHL aspirations as a child

Why he chose to focus on commercial real estate

The benefits of investing in multi-unit commercial

Cap rates & garget ROIs in the Grande Prairie region

The impressive cash flow possibilities and replacing your income

How to protect your assets in case of a downturn

The advantages of commercial real estate (passing on expenses to tenants)

You can reach out to Tim at [email protected]

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Chad Guziewicz is the co-founder of Rentify, a tenant screening solution for landlords. He had a bad experience with a tenant at his rental property which led to him wondering how he can improve the tenant screening process. Rentify simplifies things by allowing you to find a great tenant right from the start. On this episode, we discuss:

Rentify’s relationship with the Fintec industry

The landlord’s access to 12 months of the prospective tenant’s bank statements

How Rentify saves the landlord and the tenant time

How it is a cheat-proof system

Why you should use it in combination with hiring a property manager to find tenants

Setting up an application as a landlord

You can reach out to Chad by visiting https://rentify.house/

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Jamie and Leslie Collard are Real Estate Investors that bought their first rental property in 2017 and now own more than 200 units! Their main focus is on multifamily apartment buildings. Their properties are located in Brantford, Hamilton, Woodstock and now, New Brunswick. On this episode, we discuss:

Growing up in Burford, ON

How they went from buying small multis to large apartment buildings

What do they look for in apartment buildings

Why and how they started investing in New Brunswick

How they leverage RRSPs and TFSAs for real estate investment purposes

How they approach tenants with a cash for keys proposition

You can reach out to Jamie and Leslie by visiting collardproperties.ca

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Alex is a realtor and real estate investor located in Hamilton, ON. His company, Pal Property Solutions, buys and renovates properties throughout Southern Ontario. On this episode, we discuss:

Alex’s recent 8 unit apartment purchase

Addressing structural issues and reconfiguring unit layouts

Putting a 2nd storey addition on his bungalow

Flipping the worst hoarder house in Hamilton

Changing the use of one property from commercial to residential

You can reach out to Alex by visiting http://www.palpropertysolutions.com/

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Cliff Ford with Skyview Realty specializes in the sale of apartment buildings throughout Ontario. He has been involved in the sale of over 200 residential buildings throughout his real estate career. On this episode, we discuss:

Challenges in multi-res during the pandemic

Contacting some tenants on a monthly basis to discuss payment plans

Seeing multiple offers on larger buildings

Apartment building environmental deficiencies, structural issues and work orders

VTB terms in this market

Why you should have coin-op laundry

Important things to consider during your due diligence period

You can reach out to Cliff by visiting skyviewrealty.com

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Lisa is a real estate investor, mom, wife and entrepreneur. She is also a talent management expert and executive coach. Her and her husband invested in real estate  to help exit a 25-year career in corporate. On this episode, we covered 3 major points:

Overcoming overwhelm (lack of clarity, taking a step back, shift in behaviour)

Self Confidence (high frequency mode)

Moving through fear (comfort zone vs learning zone vs danger zone)

You can reach out to Lisa by visiting www.greenappleconsulting.ca

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Michael Ponte from Prosperity Real Estate Investments Ltd is an active residential & multi-family investor with over 20 years of experience. His portfolio includes over $30 Million dollars of real estate. Michael is investing across Canada in markets like Edmonton, Halifax, New Brunswick, Calgary and more. On this episode, we discuss:

Buying his first multi-unit in 2010

Michael’s strict criteria when searching for buildings in other markets

Always having an exit strategy prior to purchasing

How to manage properties in other markets

The importance of having a local team

Priorities and action steps when acquiring a building to increase NOI

You can reach out to Michael by visiting http://prosperityinvestments.ca/

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Elizabeth has been investing for over 15 years and has a passion for helping people achieve their financial dreams through the purchase of investment properties. Her portfolio includes Rent to Own and multi-unit residential properties. She also has a property management company - Sandstone Management. In addition, she’s a coach! On this episode, we discuss:

Why she decided to invest in multi-family rather than single family homes

Taking real estate courses for 1.5 years

Why her and her husband started investing in Kirkland Lake

Working with your spouse, getting on the same page & setting goals together

Tenant profile in Kirkland Lake

You can reach out to Elizabeth by emailing her at [email protected]

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

http://welloff.ca/

https://www.instagram.com/welloffx/

James Knull has invested in real estate for 11+ years. He’s also an investor focused realtor. James has a personal portfolio of over 250 doors in the Edmonton Area. On this episode, we discuss:

Selling smaller properties to acquire multi-units

The 3 things James looks for in a multi-family investment property

Pros and cons of investing in Edmonton, Alberta

Why the Edmonton market was flat the last 5 years

What your money can buy in Edmonton

Rental rates for different property types

Typical tenant profiles

The advantages of landlord and tenant laws in Alberta

You can reach out to James by visiting https://www.MogulRG.com

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98

https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261

http://welloff.ca/

https://www.instagram.com/welloffx/

Eric Upchurch is an Army vet who has a passion for educating the military community on how to create long term wealth through real estate investing. He went from the army to educating himself on general partnerships and real estate investing in general. Through his knowledge, he’s been able to acquire hundreds of doors. On this episode, we discuss:

How to start a general partnership

Biggest obstacles in a GP/LP structure

Investing in 80+ unit buildings

Pros and cons of having a GP vs a Joint Venture

How he’s contributing to ending military veterans homelessness

You can reach out to Eric by visiting https://www.activedutypassiveincome.com/

__

Subscribe and review today!

https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w

http://welloff.ca/

https://www.instagram.com/welloffx/