Where Should I Invest? Real Estate Investing in Canada

How do you lose a million dollars overnight and recover? In this week’s episode, we learn how this happened to our guest Tim Tsai, Real Estate Investor, Mentor & Coach, and how he recovered.

Tim talks about how the BRRR strategy (buy-rehab-refinance-rent) is one of the best ways to invest and the importance of the process. We also get his take on Private lending vs Borrowing.

In this episode, you will learn about:

After retiring at the age of 30, Tim began to pursue another goal and passion of his, helping others who are committed to achieving financial freedom do the same. With the help of Rich Dad Education in Canada, Tim successfully became financially free 2 years after his first training.

In the past few years, Tim has built cash-flowing portfolios in Canada, the US and the UK, using a variety of strategies – income properties, lease options (both residential and commercial), creative financing, flip, wholesale, infill development, mobile home parks, etc.

Tim has learned the power of connecting people firsthand and helping others reach their goals.  This has been the core concept of his business model.  Today, he is passionate about paying it forward and helping others reach their financial goals and increase their financial education through real estate investing.

Get in touch with Tim:

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The post Losing a Million Dollars “Overnight” first appeared on Sarah Larbi Developments.

Ever wondered how to diversify your portfolio with cash-flowing properties? In this week’s episode, our guests Katie and Jake share how they got started in the real estate investing business, their first experience purchasing a property and how they were able to make money on the deal.

They also discuss how they use their own property management company to manage all of their rentals. Their overall strategy is to have a diverse portfolio of properties that are cash flowing and well managed.

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Partners Jacob Woodward and Katie Golec have been investing in real estate using the BRRRR strategy for long-term rental properties since 2015, doubled their exclusively owned portfolio, and now work full-time with the company. Their most recent project is a short-term vacation property on the beautiful French River that will be completely renovated into a luxury four-season rental.

Get in touch with Katie and Jake 

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The post Managing Properties in Sault Saint Marie first appeared on Sarah Larbi Developments.

Being well-prepared when becoming a landlord can help make the process easier, particularly when dealing with challenging situations with tenants. This week’s guest is Andrew Choubeta, a paralegal that cares about landlords and their investments.

Andrew shares his take on what relationships between tenants and landlords are looking like post-pandemic. He shares about issuing an N4 notice. There are many new ways that landlords can take action when they have difficult tenants and hold them accountable.

It’s still a very difficult system but a lot of progress has been made. Quick tip! If you have a short-term or midterm rental you can have a lease agreement but it must be attached to the Airbnb listing. Andrew explained what an N-11 is and how it is to be used. A lot more work is now required when filing for various issues with tenant matters.  Tune in to hear more from Andrew!

Servicing all of Ontario, Andrew and his colleagues at Caveat LLP have a combined decade of experience dealing with investor-focused Landlords and Tenant issues. As an investor himself, Andrew has a results-driven approach to legal practice.

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Industrial Real Estate can provide investors with the opportunity to achieve a good return on their investment and allows them to think outside of the box to expand their portfolio.

This week’s podcast guest is Chad Griffith, an industrial real estate broker and this week we discuss triple net leases and what they are. Chad talks about the pros and cons when leasing commercial units and why investors should consider industrial real estate when growing their portfolios.

We also discuss the effect of e-commerce on the commercial real estate landscape and how the pandemic had a positive effect.

In this episode, you will learn about:

Chad has been an industrial real estate broker since 2005. In addition to earning SIOR and CCIM designations, he’s earned a diploma in urban land economics from UBC and an MBA from Thompson Rivers University. He has articles published in Forbes, Western Investor, and Real Estate Magazine

Get in touch with: Chad Griffiths

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The post Taking a look at investing in Industrial Properties first appeared on Sarah Larbi Developments.

Creative financing is the key for investors in expanding their Real Estate portfolios. There is also an opportunity for passive investors to lend their money and make a great return on their investment.

In this week’s podcast, we chat with guest Meghan Chomcut and explore creative financing options to find opportunities to expand your portfolio. We talk about private lending, lender opportunities, tips on retiring and important tips for new investors. Tune in for some great insight.

Meghan Chomut started her career in finance by packing her bags and moving to Scotland. One of her favourite things was learning about the tradition of painting the door of your home red once you’ve paid it off. It’s like checking off a box on your to-do list that also involves celebration, announcing to the world and having your community a part of the accomplishment.

She founded Porte Rouge, a fee-only advanced financial consulting company, that is rooted in the foundation that finance is a group sport. She and her team offer solutions that bridge the gap for real estate investors in the financial services industry.

In this episode, you will learn about:

The post Scaling with creative financing first appeared on Sarah Larbi Developments.

Learn how to get the biggest return on your investment from Lee Pollock, who is a contractor and avid investor with decades of experience. Lee owns Wyse Construction which focuses on investor clients and knows better than anyone that renovations can make or break your return on investment.

In this episode, we learn the process contractors use when providing a quote. Lee also touches upon some foundation issues to keep an eye out for, asbestos and problems that can be found in your basement. Tune in for some real golden nuggets!

Lee is the Co-founder and CEO of Wyse Construction Group, which employs 20 full-time skilled construction staff, and 4 full-time admin staff and specializes in working with investors and converting properties into income-generating properties.

Lee is also a highly successful real estate investor with over 20 residential investment properties and 4 commercial properties in JV partnerships which translates to over 80 doors. In his downtime, Lee loves spending time with his wife, two children and his Harleys!

In this episode, you will learn about:

To connect with Lee from Wyse Construction (Text or phone) 416-525-5951

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The post Investing like a Contractor first appeared on Sarah Larbi Developments.

This week’s podcast guest is Vinny Singh, Real Estate Investor.

In this week’s episode, we learn about investing in mix-use properties, and how their return is greater than other strategies. The importance of hiring a mentor before you invest, and how it saves your money and time. How Vinny is using his networking skills to grow his portfolio, and how joint venture partnerships can be beneficial. We also dive into why Vinny focuses on purchasing value add properties and many other great insights!

In 2020 when the pandemic hit, Vinny realized his lack of financial freedom with his current job. He then dove into educating himself on financial freedom and Real Estate. He purchased his first single-family home in Mississauga and 5 months later purchased his second property in Brampton. The hurdle Vinny faced was they did not cash flow. He then started to listen to the REITE Club podcast and started to understand real estate investment and cash flow.

Vinny then decided to invest in himself and seek out a mentor, to help him on the path to financial freedom. While working with Sarah Larbi as his mentor Vinny was able to find his first BRRRR property in Welland, Ontario. Sarah helped him find the contractor and gave the advice to rent out the garage, that was instant cash coming in while the construction was going on, and helped with his holding cost.

His portfolio was maxed out in terms of financing until, after working with Sarah, he was able to secure a lender that would work with him to continue growing his portfolio. Vinny is currently working on ways to scale his portfolio, network, and grow as an investor.

In this episode, you will learn about:

The post Why mentoring can be key to growing your portfolio first appeared on Sarah Larbi Developments.

This week’s podcast guests are Neal Andreino and Chandler Haliburton, Podcast Hosts, Real Estate Agents and Real Estate Investors.

In this week’s episode, we learn how Neal and Chandler got started in real estate investing and scaled their portfolio and provide their insights on the real estate market in Halifax and why they feel it’s a great place to grow your portfolio. They share with us their thoughts on increasing rates, vacancy rates and rental demands. Tune in for more insight!

The post Real Estate Investing in Halifax first appeared on Sarah Larbi Developments.

This week’s podcast guest Babar Moghal talks about his choice of Port Colborne as an investment location and which strategy he finds most effective there. Babar also talks about the importance of a power team, particularly those who understand the area you are investing in and are an investor themselves. Barbar and Sarah discuss budgeting for your renovation and why it’s important to manage your expectations and buffer your budget.

Babar began his real estate investment journey in Calgary, Alberta and moved to the GTA in 2020 with his wife and son. As a professional engineer with over 17 years in the corporate world as a business development expert, Barbar realized that even with his success in the corporate world, there were limitations but real estate took away that glass ceiling.

His portfolio consists of two flips and a very successful BRRRR project. He recently started a wholesaling and flipping business to grow his portfolio and help other investors get off-market deals. Babar is also actively JVing as a money partner for various flip projects. His philosophy in life is Success = Mindset + Action.

In this episode, you will learn about:

The post Managing your expectations and budget when renovating first appeared on Sarah Larbi Developments.