Well Off Podcast

Alfonso and I had a chance to discuss his specialty, rent-to-own, the last time we got together. Here are some of the things we discussed:

Growing up in Hamilton

Being analytical and extremely cautious during his first investment

How an RTO works

How to create a win-win with this strategy

The expectations for the tenant buyer and the landlord/owner

The benefits of the RTO strategy

You can find out more about Alfonso at https://jaagproperties.com/

Lee Strauss and I had an opportunity to discuss what it's like to flip properties and invest in real estate while simultaneously being a fire fighter. Interesting combination! Here's what we discuss:

How his father influenced him - he owned a Mr Transmission and had a large portfolio of properties

Instilled a strong work ethic in him

Lee tagged along with his father as child when he dropped off small gifts to tenants

Lee bought his first rental property at 21 while he lived with his parents

Has 2 larger scale flips in progress today

Finding good contractors and avoiding costly mistakes

Treating and paying good contractors well

Making multiple firm offers to capture a great deal

Not being too selective with homes, taking action instead

Using income from flips to fund buy and hold properties

Targeting mid-century homes for the lots, the trees and the character

The top value-adds in a flip

What to do if a flip goes sideways

Being a firefighter while flipping

The benefits of owning a tangible asset

Lee is a realtor with Rock Star Real Estate Inc. you can reach him at 905-361-9098 or by checking out his website: http://www.straussinvestments.com

This was an action-packed conversation with Tyler Pearson. Here are some of the things we covered:

Growing up in South Western Ontario (Sarnia)

Attending Laurier, getting a business degree

Having a corporate background and leaving 3 years ago

Personally investing in real estate for 10-12 years

Starting with single family homes, and later focussing on multi-family

Getting into the Toronto market about 10 years ago

Living in Toronto for 10 years during his corporate career

Learning what to do when you run out of capital

Where Tyler found JV co-venturers

Finding his Bay Street business partner through his wife

Starting private equity funds

Raising over $22M over the last 2+ years

Growing at a comfortable pace

Having a General Partner/Limited Partner model

Discussing Malleum Partner's fee structure

Target gross returns

Purchasing properties in Hamilton, Brantford, St Catharines, Kitchener/Waterloo, Toronto

Why he likes Hamilton

Unexpected issues with buildings

His motivation to succeed

You can find out more about Tyler and Malleum Partners at https://malleumpartners.com/

In our time together, Luc and I discuss the following:

• Growing up in a real estate family with 5 siblings

• Getting into real estate full time in 2016

• Buying his first property at 18 years (rooming house at Jane and Finch)

• Getting an MBA and law degree in university, being called to the bar

• Creating a business around flipping homes

• Learning to renovate on his own

• Completing 2 flips during his articling

• Investing in real estate allowed him to pay off his student debt while in school

• Financing through private lenders and MICs

• Flipping, wholesaling and whole-tailing

• Luc's investment criteria

• The benefits of flipping through a corporation

• Mitigating risk during an assignment by finding a great deal

• Building a team: acquisitions manager and admin

• Outbound marketing: adwords, kijiji, mailings and print marketing

• Buying 1 house per 100 incoming calls

• Most effective marketing: long term SEO (organic results)

• His idea of financial freedom

• How to get lending on a flip because banks won't

   

Blake and I had a chance to discuss the following:

• Growing up in Vancouver
• Having a mother in interior design
• Architecture and design focus in his projects
• Moving to Toronto in 2011
• Starting Wyatt Development Group at 29 years of age
• Never allowing his young age to be a deterring factor in acquiring partners and clients
• Hiring people who compliment him and his business
• The benefits of keeping his company relatively small
• Differentiating his projects from other developers
• The importance of open concepts, livable space and “human design”
• Good design doesn’t have to cost more
• Simplicity and colour choices
• Continuing to experience sustainable growth
• Avoiding driving down cost to maximize profit, rather focusing on delivering quality for a reasonable price
• Marketing a new development through the ‘Toronto Star’, ‘Globe and Mail’ and other news outlets.
• The importance of relationships and connections in building a strong team
• Nurturing business relationships
• The highest and best use of Blake’s time
• Keeping a balance between business and personal goals, raising a child while growing the company
• Breaking down Blake’s work day

This time, Adrian Pannozzo and I discuss the following:

• Being a retired sergeant with the Peel Regional Police
• Beginning his real estate investment career 7 years ago
• Bought first rental property in New Market
• Heavily invested in the city of Hamilton
• Focus on Triplexes and Fourplexes while applying the buy, fix, refinance strategy
• Joint Ventures
• Working within the police department: patrol, homicide, bureau, bank robbery, drug squad etc.
• Spending 21 years in policing
• Finding investment partners within the police force
• Owning 33 properties
• Is it possible to live off the rental income?
• The value of networking
• Retiring early

On this episode, Ryan and I had a chance to speak about the following:

• Starting off as a licensed mechanic, building armoured cars and transitioning to real estate after getting bored
• Self-teaching how to renovate through Youtube, TV shows and reading books
• Switching his focus from short term to long term investing
• How is business is currently structured
• Real estate money is made in the purchase, specifically off market deals
• Financing properties after reaching a cap with traditional banks
• Borrowing private funds versus having a co-venturer (joint venture)
• The importance of relationships and your reputation
• Using bandit signs and other methods to generate off market deals (door knocking, mailers, posters)
• The impact of social media on his business
• Giving without any expectations
• The vertical split method

Ryan is always willing to share and help other, if you’d like to reach him, you may do so at  [email protected]

On this episode, Cindy Wennerstrom and I discuss:

• How receiving a “package” from her employer lead to a full time investment career
• The advantages of joining local small groups and surrounding yourself with like-minded people
• Who inspired her to invest in real estate
• How owning real estate helped her through her post-secondary education

Cindy’s an awesome person to work with. She helps people find tenants, provides renovation advice and many other things. You can find out more at https://oroproperties.ca/

On this episode, Andrew Brennan and I discuss:

• How losing his job lead to a full time investment career
• Owning 100 doors (mostly with JV partners)
• Vendor Takeback Mortgages
• How to find a JV partner
• The importance of business relationships and building a team
• The power of referrals
• The role of continuing education
• Applying the buy fix refinance strategy
• How to attract JV partners

Andrew's a very successful real estate investor with a huge portfolio. You can find out more about him at http://www.bpirealestate.ca/

Sandy Mackay is a real estate agent, investor, Joint Venture partner, husband and several other things. Today, he owns dozens of properties, mostly around Hamilton, Ontario. He also leads a successful real estate team in that region.

Sandy discusses:

The things he learned while attending an all-boys boarding school

How he met his wife

How he almost quit on his very successful podcast

Wholesaling real estate

What inspires him

Why he’s willing to give and help others

Things don’t always appear as easy and they may seem. He’s had to overcome several challenges in his personal life and career to become a successful investor and real estate agent.