Well Off Podcast

Kasey Wong, CEO of Cacoeli Asset Management, is a multi-unit real estate investor. We had a lot of fun discussing certain topics, including his $400,000 Hamilton apartment building mistake! On this episode, you’ll hear about:

Soft analysis techniques (i.e visiting the property on a Friday night and observing the tenant profile)

The first things to do to secure an apartment building immediately after purchase

How to reduce expenses on all-inclusive leases

How to effectively self-manage 250 doors

You can learn more about Kasey by visiting http://www.cacoeli.com/

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

http://welloff.ca/

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

Rachel Oliver is real estate investor and founder of Clover Properties. She retired in 2009 to spend more time with her family and invest in rent-to-own properties. Over the past 10 years, she has done nearly 350 deals across Ontario. On this episode, we discussed:

Immigrating from the Ukraine at 9 years old

Learning about rent-to-owns in 2009

How she made the RTO process more effective over the years

Creating a 90% purchasing success rate

How to generate $800-1,000 in cash flow

How to avoid mistakes as a tenant buyer

You can learn more about Rachel by visiting http://renting2own.ca/

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

http://welloff.ca/

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

Danielle Chiasson is a real estate investor and entrepreneur focused in Southern Ontario. Her projects have ranged from light clean-ups to full guts, flips and legal suite conversions. She works as a general contractor managing various trades & staff. She shares her experience and knowledge, we discuss:

How to manage 5 flip projects at once

How to efficiently finance a flip

The true duration of a flip and other timelines to be expected

How to screen contractors

Managing being a mom and a full time real estate investor

You can find out more about Danielle at perfectpropertyinc.com

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

http://welloff.ca/

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

Mandy Branham is the CEO of Solutions Driven and has become a very successful real estate investor through Joint Ventures. Today we’ll break down joint ventures from beginning to end.

Active vs passive partner responsibilities

Step by step breakdown of how to create a JV, from establishing a relationship to drafting an agreement

Setting up a power team and learning to identify good deals

Identifying a potential JV’s “ready to buy scale”

Creating a 60 second pitch and pro forma

Why she doesn’t JV on flips, there’s a cheaper alternative

You can find out more about Mandy Branham at https://mandybranham.com/

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

http://welloff.ca/

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

Brady is one half of the Kristy and Brady McDonald team. They started BK Real Estate Investing in 2014 when they realized the wealth and freedom that real estate investing can bring. On this episode, Brady and I discuss:

Growing up in Owen Sound

Working his first job as a snow shoveler at 12 years of age

Working with Hydro One while having a 40-50k side hustle

Looking into acquiring assets after 12 years of work

Purchasing 96 properties since 2015

Their systems and procedures to scale

You can learn more about Brady and Kristi by visiting https://www.bkrealestateinvesting.com/

Subscribe and review today!

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

http://welloff.ca/

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

Gary Hibbert is a full-time Real Estate Investor, licensed and award-winning Real Estate Agent, Author, and Educator. In 2008, he made a decision that would be life-changing by purchasing his first investment property. Through hard work and dedication, Gary left the corporate world to become a full-time entrepreneur in 2014. Today, he has close to 15 investment properties. In this episode we discuss:

How Gary lived paycheque to paycheque as many others do

How an inflation chart made him realize he needs to make a change

The importance of the right mindset

You can learn more about Gary by visiting https://smarthomechoice.ca/

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

http://welloff.ca/

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

Born in Delhi, India, Sahil Jaggi started off his Canadian journey with student loans and was deeply in debt. He shares how he was able to build a large portfolio in Toronto as opposed to smaller cities on the extremities. We discuss:

Immigrating to Canada with the help of his father

Saving $80,000 from his banking job in New York

Purchasing his first bungalow near Yonge and Finch for $515,000 with the help of his uncle

How he grew his Toronto portfolio to 14 properties

How he chooses his properties and what to look for

Focusing on accelerated property growth as opposed to cash flow

How he attracted partners to grow quickly

You can learn more about Sahil by visiting https://minkrealty.ca/

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

http://welloff.ca/

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

Starting off as a property manager with 150 doors

Raising $3M to apply the BRRR strategy

Acquiring 32 doors in less than 1 year

Key to success in raising capital is consistency

Using the power of attraction to draw JV partners

Should you have a letter of intent before working with your partner?

Most effective marketing technique to find off market properties

Find out more about Sarah Eder https://www.saraheder.com/

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

http://welloff.ca/

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

The owner and founder of Elite Property Investments Inc., the focus is on real estate investment and personal development. Maria specializes in multi-unit commercial properties. In this episode, we discuss:

Pros and cons of investing in Hamilton vs. St Catharines

Breaking down St. Catharines by region

Future economic plans in the city of St. Catharines

Where to find opportunities

Required rental license in Thorold

Covering multi-unit properties in St. Catharines

Price per unit in apartment buildings

Price points in different neighbourhoods in St. Catharines

How to find off market opportunities

You can learn more about Maria by visiting https://www.elitepropertyinv.com/

Subsribe and review today!

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

http://welloff.ca/

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

Sarah Larbi is a 30-something year old real estate investor and already owns 9 properties! She’s positioned herself for early retirement and we discuss the following:

“If I lost my job tomorrow, I wouldn’t look for another one”

Applying the BRRR strategy (listen to learn)

What type of properties she goes for

Targeting multi-family homes

The changes in her personal network of friends

Her thoughts on joint ventures

You can learn more about Sarah by visiting her website https://sarahlarbi.com/