Where Should I Invest? Real Estate Investing in Canada

Guest:Sahil Jaggi @minkrealestate, Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Sahil Jaggi – Real Estate Investor & Realtor

Sahil Jaggi started investing in 2010. He’s the founder and principal broker of Mink Real Estate an investment-focused real estate firm. His real estate investment career started with a bungalow and house hacking. Sahil was living in the basement. He had 80k to invest which was barely enough. He now owns 17 properties worth over 23 million dollars.  Sahil walks us through his numbers on how to create cash-flowing properties in Toronto. He detailed what’s the minimum investment required to turn a bungalow into an amazing investment property. His main goal is to build equity with some cash flow. When buying such properties, he always looks for the upside. Tune in to learn how Toronto and the GTA as well as any hot market can still work for investors if done properly. 

In this episode, you will learn about: 

• House hacking to get started
• Separate entrances and large lots
• Adding secondary suites
• 80% financing
• Joint Ventures
• How to identify gentrifying areas
• Purchasing detached homes in a hot market

Get in touch with Sahil:
Website: https://minkrealestate.ca/ 
Instagram: https://www.instagram.com/minkrealestate/
Email:[email protected]

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Joel Wilson & Rob Lee of https://www.whiteelmdesignbuild.com/

Meghan Chomut CFP – www.meghanchomut.com/sarah

The post How to Create Passive Income With Toronto Properties first appeared on Sarah Larbi Developments.

Guest: Doug Meyers, Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Doug Meyers – Real Estate Investor

In this episode, you’ll learn how Doug who is a former mining engineer used real estate investing to provide the income needed to leave his full-time employment. This gave him the opportunity to pursue other passions and business interests with his full attention. He has a portfolio of condos, duplexes, and triplexes across Western Canada, and is a partner in an active flipping business in Saskatchewan.

Doug is an award-winning investor and is also the host of RevNYou’s very own RevNYou with Real Estate Podcast where he interviews real estate investors from all walks of life. He is also the host of The Grow Give Expand Podcast, where he speaks with entrepreneurs and business owners, uncovering the personal practices and systems that help them live successful, meaningful lives. We discussed how to create the life you want with a mix of long-term wealth growth and quick cash.

In this episode, you will learn about:

• The importance of good role models
• Using registered funds to create win-win opportunities
• Over 9 years of experience as an investor
• Long-distance investing
• Creative financing
• BRRRR techniques
• Flips for quick cash

Get in touch with Doug:
Website: https://www.revnyou.com/
Instagram: https://www.instagram.com/revnyoucanada/
Facebook: https://www.facebook.com/dougmeyersREI/
Email:[email protected]

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Susan Corcoran & Sue Ore of https://www.completepropertiesinc.com/

The post Becoming a Cashflow Pro and Real Estate Investor at 21! first appeared on Sarah Larbi Developments.

Guest:Jacqueline Bang, Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

Jacqueline Bang began investing in late winter 2021. This was at the height of the pandemic which means that she needed some solid exit strategies. Student rentals were highly affected during the pandemic due to online learning and other factors. Many people delayed their closing, she didn’t!

Jacqueline focuses on student housing in Windsor, Ontario. She saw an opportunity to get into a different asset class by offering high-end student rentals that few others were offering in the area. She offered shorter-term stays and was accomodating with her tenants during a very uncertain time.

Jacqueline jumped into every available resource and did a ton of networking and attended webinars, binge listened to podcasts, and surrounded herself with other like-minded people.

In this episode, you will learn about:

Get in touch with Jacqueline:
Instagram: @bangbangtravels

This episode has been brought to you in part by;
Jon Tenbrinke of Black Jack Contracting Inc.

Meghan Chomut CFP – www.meghanchomut.com/sarah

The post Luxury Student Rentals for Massive Cashflow first appeared on Sarah Larbi Developments.

Guest: Victoria Suen @buildxlab, Architect, Real Estate Investor & Developer

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Victoria Suen, Architect, real estate investor & developer.

Victoria is an architect by trade. She started investing at the age of 19! She only began scaling in the past few years and is now focusing on BRRRRing single-family homes. Victoria wants her projects to be fun and to provide good returns. She started investing in Mississauga when properties were more affordable. She eventually moved to areas where a 300k budget still works. Victoria is now focusing on Welland due to permits and the ease of adding basement suites. The city of Welland is very investor-friendly. Her architectural background helped her find properties that are suitable for secondary suites. Knowing the basics is a great help! Doing is the best way to learn. Sometimes going for the highest and best use at once isn’t the best strategy! Tune in for amazing insider tips and tricks.

In this episode, you will learn about: 

• Adding basement suites
• How to divide properties for high returns
• The city of Welland, Ontario
• Ontario rules surrounding secondary units
• How to create triplexes from single homes
• Features required when considering a conversion

Get in touch with Victoria:
Website:https://buildxlab.com/
Instagram:https://www.instagram.com/buildxlab/
Email:[email protected]

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/

Susan Corcoran & Sue Ore of Complete Properties Inc.

The post BRRRing in Welland & Being Creative When Adding Suites! first appeared on Sarah Larbi Developments.

Guest:Georges El Masri @welloffx, Realtor & Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Georges El Masri – Realtor & Real Estate Investor

Georges started in 2017 after going to university, getting a job, and then getting fired. He then got his license as a realtor with the intention of becoming a real estate investor. His wife also owned a condo that she rented out and eventually sold to acquire a fourplex. He’s scaled from 1 to 17 properties in just under 4 years. His biggest leap happened when he got a coach to help him scale. Georges is now spending a lot more time managing his portfolio while selling less real estate. His net worth has grown substantially and he will eventually reap the rewards of all his sacrifices. It’s not an overnight process. Stabilizing the portfolio and smart growth are essentials for the future. Georges shared some challenges such as bedbugs and how to deal with lies. Make sure to save a final walkthrough!

In this episode, you will learn about: In this episode, you will learn about: 

• The importance of hiring a coach to grow
• The BRRRR strategy is how it all began
• When is the time to sell rental properties
• How to redeploy your capital for growth
• Refinancing tips and tricks
• How the DCR (Debt coverage ratios) work

Get in touch with Georges:
Website:https://www.welloff.ca/
Instagram: https://www.instagram.com/welloffx/
Facebook: https://www.facebook.com/georges.elmasri
Email:[email protected] 

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Joel Wilson & Rob Lee of White Elm Design Build – https://www.whiteelmdesignbuild.com/

Susan Corcoran & Sue Ore of Complete Properties Inc.

The post Scaling from 1 to 17 doors in Less Than 4 Years! first appeared on Sarah Larbi Developments.

Guest:Andrew Choubeta @andrewchoubeta, Paralegal & Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Andrew Choubeta, Paralegal & Real Estate Investor.

Andrew shared his experience as a landlord in Ethiopia and as a paralegal in the GTA. He spoke about some interesting out-of-country opportunities. He also did a deep dive into the world of tenant-landlord relationships in Ontario. Did you know that many changes have taken place at the Ontario Landlord & Tenant Board? There are many new ways that landlords and tenant can communicate and resolve issues. It’s still a very difficult system but a lot of progress has been made during the pandemic. Andrew explained bill 184 and its ramifications for landlords and tenants in Ontario. A lot more work is now required when filing for various issues with tenant matters. Being well-prepared is the key! 

In this episode, you will learn about: 

• Investing in Ethiopia! 
• Ontario Landlord & Tenant Board changes
• L10 – Now able to sue for damages
• Major N12 changes
• How to properly screen a new tenant
• The LTB’s new stance on various issues
• New fines and renoviction restrictions…

Get in touch with Andrew:
Website:https://choubetalegalservices.com/
Facebook:https://www.facebook.com/choubeta
Email:[email protected]

This episode has been brought to you in part by;
Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/

Jon Tenbrinke of Blackjack Contracting Inc. – https://blackjackcontractinginc.ca/

Meghan Chomut CFP – www.meghanchomut.com/sarah

The post How To Be A Well-Prepared Landlord & Succeed in REI! first appeared on Sarah Larbi Developments.

Guest: Paula MacFarlane & Jake Tayler @tartandevelopments, Real Estate Investors & Developers

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guests are Paula MacFarlane & Jake Tayler – Real Estate Investors & Developers.

Paula and Jake were both paramedics and they wanted out! Paula quit her full-time job in 2019 and Jake more recently in 2021. They were able to replace their incomes with the active income earned by flips, land severance, and new build projects. They focus on the London, Strathroy, and Stratford, Ontario markets. They’ve often found that simply severing a lot is sometimes better than building a new house. Their biggest tips are to hire a planner, a project manager and choose the best of trades! Also, if you’re hoping to invest in land and flips, you will need relationship-based financing to acquire development projects. You need private funds and plan accordingly. Lending institutions do not lend on this type of project at the beginning. Raising capital and creative financing is a must! There are huge opportunities to create your own deal rather than getting into bidding wars and doing the same as everyone else. Their new focus is on doing fewer projects that are more profitable. They’re focusing on the best ROI for their time!

In this episode, you will learn about: 

• Land severance basics
• Fees and timeline for land severance
• Development strategies
• How to plan to quit your job
• Having the right team in place
• Active vs. passive income
• How to finance land and development deals

Get in touch with Paula & Jake:
Website:https://www.tartandevelopments.com/
Instagram:https://www.instagram.com/tartan_developments/
Facebook:https://www.facebook.com/tartandevelopments/
Email:[email protected]

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/

Susan Corcoran & Sue Ore of Complete Properties Inc.

The post Land Severance & Real Estate Development To Quit Your Job! first appeared on Sarah Larbi Developments.

Guest: This week’s podcast guest is Jude Kamal – Interior Designer & Real Estate Investor.

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Jude Kamal – Interior Designer & Real Estate Investor.

Jude has been working on heritage homes for a few years. She discusses the pros and cons of buying an older home with unique features and owning a piece of local history. Jude shared some resources you can use to evaluate the potential of a heritage home as a principal residence or a flip. Determining heritage designation or upcoming designation is very important before buying an older property. Things such as windows, staircases, flooring and so much more could become part of the designation. The most common is the roof, The interior elements are rarely covered but could be. You can restore the heritage elements but they need to look the same. The best use for investors is a high-end flip as there is a very big premium price tag that goes with renovated heritage homes.

In this episode, you will learn about: 

• Working with heritage designated properties
• How preconstruction got Jude started in REI
• Ups and downs of older homes – pre 1920s
• Typical issues of heritage properties
• Investment opportunities, grants & rebates
• The renovation process
• The various approval permits

Get in touch with Jude Kamal:
Website:https://www.sansainteriors.com/
Instagram:https://www.instagram.com/judekamal

This episode has been brought to you in part by;
Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com/

Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/

Meghan Chomut CFP – www.meghanchomut.com/sarah

The post Heritage Homes: How To Flip Them! first appeared on Sarah Larbi Developments.

Guest: This week’s podcast guest is James Svetec – Real Estate Investor & Airbnb expert.

Listen to the full episode at https://bit.ly/WSIILatest

James’ career began by managing other people’s Airbnb. He eventually set up his own short-term rentals by working with investor partners. The trend twoards more local travel has greatly influence how he now sets up his suites. The properties need to be near outdoor attractions and staycations. International guests have shown a preference towards medium term rentals. Airbnb is all about huge cashflow & control over your properties. You don’t need to deal with bad tenants and you’ve got tons of eyes on your property. The cleaners and all other outsourced service providers are constantly checking on the premises. The BNB Mastery program that James has designed will help you set up the systems and strategies to ensure long-term success. The key to a good Airbnb experience is to make everything as smooth as possible for the user.

In this episode, you will learn about: 

• Author of Airbnb for Dummies
• Started by managing for others
• How to work with investors
• Using long-term rental rates as your baseline price
• BNB Mastery Program
• The importance of systems and procedures
• Amazon home decor accessories

Get in touch with James:https://bnbmastery.com/our-story/
Instagram: @jamessvetec
Facebook: https://www.facebook.com/james.svetec

This episode has been brought to you in part by;
Joel Wilson & Rob Lee of White Elm Design Build – https://www.whiteelmdesignbuild.com/

Dylan Suitor of Elevation Realty – https://www.elevationrealty.ca/

Susan Corcoran & Sue Ore of Complete Properties Inc.

The post Airbnb for Dummies! How to Set-Up Cashflowing Short-Term Rentals first appeared on Sarah Larbi Developments.

Guest: Shawn Rea – Real Estate Investor

Listen to the full episode at https://bit.ly/WSIILatest

This week’s podcast guest is Shawn Rea – Real Estate Investor

Shawn’s life changed completely after he read Robert Kiyosaki’s books 7 years ago when he learned how to invest in real estate. He began buying cash-flowing assets. It was a tough beginning with no cash and living paycheque to paycheque. He hustled and took on up to 3 jobs at once to buy his first investment properties. While doing this, he became obsessed with real estate investing and absorbed all the content he could – podcasts, YouTube videos, mentors, etc. As a new real estate investor, his goals changed along the way as he quickly surpassed his 5-year plan. He’s now doing development in Belize and much more! His main tips are to take action by finding out what’s driving you? Accountability is also an important part of any successful investor. Listen to the full episode for some amazing insights! Shawn’s favourite book is the Millionaire Fastlane by MJ DeMarco.

In this episode, you will learn about: 

• How to get started in REI
• 7 BRRRRs in a row
• Scaling your portfolio & your mindset
• Realize that you can do it!
• Networking is the fastest way to grow
• What you do with the information is what matters
• How bad do you really want it?

Get in touch with Shawn:
Website:https://linktr.ee/shawnrea
Instagram: @shawnrea 

This episode has been brought to you in part by:
Jon Tenbrinke of Blackjack Contracting Inc. – https://blackjackcontractinginc.ca/

Dalia Barsoum at Streetwise Mortgages – https://streetwisemortgages.com

Meghan Chomut CFP – www.meghanchomut.com/sarah

The post How To Get Started In Real Estate Investing & Transform Your Life! first appeared on Sarah Larbi Developments.