Category Archives: Renovations

From Retirement Panic to HGTV Star & Retiring 20 Years Early

canada, duplex, Finance, Life Lessons, Mindset, Multifamily Investing, Real Estate, Real Estate Investing, Renovations, , , ,

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Monica Mayorga is a successful real estate investor since 2011 investing in multiple markets for profit by implementing strategies such as re-purposed dwellings, long flips, the BRRRR method (buy, rehab, rent, refinance and repeat), joint venture partnerships and student rentals.

Guest: Monica Mayorga, Real Estate Investor & Retirement Specialist Monica Mayorga is a successful real estate investor since 2011 investing in multiple markets for profit by implementing strategies such as re-purposed dwellings, long flips, the BRRRR method (buy, rehab, rent, refinance and repeat), joint venture partnerships and student rentals.

Monica was previously employed with an international pharmaceutical company as a Pension and Benefits Specialist. When a financial tool was introduced to help the staff determine if their retirement plans were on track, Monica decided to explore it first before introducing it to staff. According to the financial calculator, Monica and husband Raphael were not saving enough to retire the way they wanted. In fact, she would have to continue working part-time during their retirement years.

The terrifying news caused Monica to hit what she calls “her panic button”. She immediately contacted her husband and sold him on the idea to create wealth through real estate investing. Although her husband was on board, he was skeptical and even added a challenge that he wanted their first investment to be a small multi-family property, a triplex.

Together they found a rundown triplex in Toronto in an upcoming neighbourhood that was underperforming. Funds were tight and the entire building needed renovations. That’s when Monica wrote to Scott McGillivray, host of HGTV Income Property, asking for help on their first project. Low and behold help was graciously provided, not only with renovations but also with knowledge on what it takes to be a great landlord and the business of real estate investing.

Monica’s first experience gave her the tools to transition from working countless hours in a corporate job to retiring 20 years earlier and becoming a Retirement Specialist travelling the world. You will learn about: – Investment strategy tips and refinancing – Project cost, numbers and processes – Scaling up your business – Private financing

Get in touch with Monica: E-mail: monica.buildingitright@gmail.com

From Auto Mechanic to Becoming The Vertical Split Genius

canada, duplex, Finance, flip, flipping, Multifamily Investing, off market property, Real Estate, Real Estate Investing, Renovations, secondary suites, ,

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Ryan Carr is a full-time real estate investor from the Durham Region who specializes in helping homeowners get out of tough situations. His company, R.W. Carr Investments, has completed dozens of transactions with people across the GTA where debt, timing, maintenance, and repairs, or family nuances are a critical component to the deal.

Guest: Ryan Carr, Real Estate Investor, Speaker & Mentor

Ryan Carr is a full-time real estate investor from the Durham Region who specializes in helping homeowners get out of tough situations. His company, R.W. Carr Investments, has completed dozens of transactions with people across the GTA where debt, timing, maintenance, and repairs, or family nuances are a critical component to the deal.

Prior, Ryan was an auto mechanic and custom metal fabricator and his involvement with real estate began in 2012 with a rural bank-sale property, quickly followed by a series of deals including buy and holds, fix and flips, multi-family and new construction. The progression from these initial properties and subsequent resale led to fantastic experiences that propelled the concept of “vertical split” homes into the marketplace. The most interesting deal was a coach house that got national exposure on the news.

With a primary focus on the vertical split technique (A clever method of adding 2nd units to existing homes) Ryan has found as home values began to rise in the Durham Region, the cash flow crunch became the mainstream, which transformed the housing industry in two ways. The first being a solution to covering monthly expenses on properties, and the second being outside investor interest. His business focuses on purchasing properties from homeowners in sticky situations quickly and quietly.

Ryan is also involved in partnership opportunities, mentorship programs, and speaking engagements. He continues to innovate the industry with residential real estate purchases, coaching, new construction techniques, JV Partnerships, flipping, and small scale development. The purchasing of residential real estate has become his true passion and not just a business endeavour. You will learn about: – The importance of teamwork – Strategies to scale up your business – Taking deals and financing – Mistakes to avoid – Tips on buying properties

Books Mentioned: Winner Takes All: How Casino Mogul Steve Wynn Won and Lost the High Stakes Gamble to Own Las Vegas by Christina Binkley

Running Scared: The Life and Treacherous Times of Las Vegas Casino King Steve Wynn Paperback by John L. Smith

Get in touch with Ryan: Website: https://rwcarrinvestment.com Email: info@rwcarrinvestment.com

From Troubled Teen to Flipping Master

flip, flipping, Investing in the USA, Life Lessons, Mindset, Real Estate, Real Estate Investing, Renovations, wealth, Well being, WHY, , , ,

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Michael Green is a successful house flipper, is the host of The Flip Factor podcast and has completed over 1100 deals. But at one point in time, this success was just a teenage boy’s dream. At the age of fifteen, prompted by late-night infomercials, Michael bought the book No Money Down by Carlton Sheets, which planted the seed of eventually becoming a house flipper.

Guest: Michael Green, Real Estate Investor, Speaker & Entrepreneur

Michael Green is a successful house flipper, is the host of The Flip Factor podcast and has completed over 1100 deals. But at one point in time, this success was just a teenage boy’s dream. At the age of fifteen, prompted by late-night infomercials, Michael bought the book No Money Down by Carlton Sheets, which planted the seed of eventually becoming a house flipper.

But the road to success wasn’t always easy. Growing up next to the projects in Baltimore, Michael found himself getting into trouble, and his relationship with his dad was built on breaking the law.

At 17, Michael found himself thrown into a paddy wagon with handcuffs around his wrists. Faced with a four-year jail sentence and a cold, uncomfortable prison cell, with terrible food, scratchy blankets and no freedom, Michael had a lot of time to think. He thought about how if his life up to that point were a house, it would be a broken-down, boarded-up house. His negative patterns and limiting beliefs had eaten away at his foundation like hungry termites. Michael could either continue these patterns and let his life crumble around him, or he could step up and fix it.

So he got to work on his first flip – himself

He started out as a flooring installer and in 2008 he was doing a job for a gentleman flipping houses named Jason Shara. Sensing his curiosity and interest in the industry, he invited Michael to a free meeting for house flippers. At this meeting, Michael was introduced to his first mentor. After just a few months of studying under his mentor, he made his first deal flipping a house for $16,000 without a single penny of his money.

For the next year, he continued doing flips and made a total of $106,459 and in 2009 he was able to leave his full-time job and has been flipping houses ever since

Michael believes that the key to success in the house flipping industry is being open to investing in personal growth and seeing the potential in something that’s a little broken-down and rough around the edges, even if others may have given up on it. This includes seeing the potential in oneself.

After learning this, Michael has scaled two houses flipping businesses and flipped over 1100 houses in the last ten years and achieved the success he’d never believed was possible. He finds the most rewarding part of his career to be helping others make profound changes from the inside out and achieving financial freedom. When he’s not flipping houses or giving back, Michael can be found travelling, attempting to surf, and most recently, learning how to hike. You will learn about: – Financing tips and differences – Building your power team – Analyzing deals and the key numbers to look for – Tips on scaling up your business – Closing deals insights

Get in touch with Michael: Website: https://www.theflipfactor.net/ Facebook: https://www.facebook.com/theflipfactor/ Instagram: https://www.instagram.com/theflipfactorpodcast/ Email: GREEN905@LIVE.COM Phone: 443-858-3317

“Where Should I Invest” is brought to you in part through the sponsorship and support of the following;

Dalia Barsoum of Streetwise Mortgages.

Contact her to book a FREE Goals Analysis – be sure to mention the podcast when you call.

DALIA BARSOUM, MBA Finance President and Principal Broker, Streetwise Mortgages

Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255

Mail:  53 Berry Trail, Woodbridge, ON, L4H 2T4 | License # 12900

An award-winning Mortgage Broker, Real Estate investor and financial advisor with over 20 years experience in the banking sector, spanning: Wealth Management, Lending, Strategy and Real Estate.

Dalia holds an MBA in Finance from Dalhousie University and is a Fellow of the Institute of Canadian Bankers Association.

She is the author of Canada’s best selling Real Estate Financing Book and an Amazon Best Seller: “Canadian Real Estate Investor Financing: 7 Secrets to Getting All the Money You Want”.

Dalia’s lending practice encompasses:

> Strategies: Buy / Hold, Renovations, Construction Financing, Rent to own, and Student Rentals, Flipping, Land development and private lending > Structures: Corporations, Joint Ventures and Personal Holdings > Asset Classes: Residential, multi-residential, Commercial, Mixed-use and Land

Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 ]

Mail:  53 Berry Trail, Woodbridge, ON, L4H 2T4 | License # 12900

Dylan Suitor of Elevation Realty

Helping a personal record number of families so far this year, I am totally dedicated to offering my “Industry Best” expertise in residential real estate for clients in the Niagara, Oakville, Burlington and Hamilton area. I believe in assisting my clients in every endeavour whether buying a new dream home or selling your latest strategic residential business investment.

By upholding a 0% contract cancellation rate I strive to guarantee your satisfaction by utilizing an extensive knowledge of property renovation and vast network of industry contacts. I will facilitate my customer’s every desire while smoothening the real estate transaction when marketing your properties far and wide.

My team of qualified and totally committed real estate agents will get the job done right! By honing my team of agent’s real estate matching skills through continuous education and professional development, I maintain a competitive edge for the individuals and families we work with.  I can safely say that I can ensure that my customers receive the best price for their home; prices they deserve.  More importantly, I listen to all my client’s wishes to only deliver those properties that match their needs.

With more than a decade of continuously improving performance and results in successfully helping clients, I have offered the ultimate customer service strategies, met all key goals and deadlines for clients, and negotiated for my clients real winning results.  My team of agents have all committed to doing the same.

So here is my promise to you:

“ I guarantee an awesome experience while locating and negotiating the best real estate deal for you, and then I can confidently coordinate your whole moving experience to ensure a stress-free real estate transition. I do this by truly listening to my client’s needs and dreams to help those dreams come true.  This is my promise to you!”

Call me today at (905) 592-4220 for a free strategy session to discuss your heartfelt real estate needs.”

Elevation

Realty Network

Direct: 905-407-4289

Office: 905-844-7788

Email: admin@elevationrealty.ca

How to Cash Flow Properties in Expensive Markets

BRRR, canada, duplex, Joint Venutre, Multifamily Investing, Property Management, Real Estate, Real Estate Investing, Renovations, tenant, wealth

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Nam Phung arrived in Canada from a refugee camp in 1987, starting high school in Canada speaking very little English and worked part-time to support himself through high school and university.  His formal education includes a degree from York University in Business Administration Studies with a Major in Accounting and his career was spent as a Senior Accountant and Financial Analyst before becoming a full-time investor.
Guest:  Nam Phung, Real Estate Investor Nam Phung arrived in Canada from a refugee camp in 1987, starting high school in Canada speaking very little English and worked part-time to support himself through high school and university.  His formal education includes a degree from York University in Business Administration Studies with a Major in Accounting and his career was spent as a Senior Accountant and Financial Analyst before becoming a full-time investor. He started investing in real estate 13 years ago and focuses on multi-unit properties ideally with 4 up to 12 units in higher-end sub-markets in Toronto, with a current portfolio of a dozen properties valued at over $15 million.  His two more recent investments have been an 11 unit property and also a cottage which he has on Air BnB and enjoys himself. Nam has found his key to successful investing in expensive markets is closely managing the construction, ongoing property management and maintenance and be sure to maintain good relationships with suppliers, the trades as well as his tenants.  Nam has helped a number of his fellow accountants get into real estate investing and also holds a real estate license with Keller Williams in Mississauga. You will learn about: – Toronto market insights – Cap rate, financing and cash flow insights – Tips on finding and financing a property – Some common investor mistakes Get in touch with Nam: Email: namphung@sympatico.ca
“Where Should I Invest” is brought to you in part through the sponsorship and support of Dalia Barsoum of Streetwise Mortgages. contact her to book a FREE Goals Analysis. DALIA BARSOUM, MBA Finance  President and Principal Broker, Streetwise Mortgages Best selling Author: Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want  Winner of the Outstanding Customer Service Award: CMP Top 75 Brokers in Canada ( 2017 and 2018): Canadian Mortgage Professionals Magazine ( CMP) Mortgage Broker of the year (2017, 2015): Canadian Real Estate Wealth Magazine Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 ] Mail:  53 Berry Trail, Woodbridge, ON, L4H 2T4 | License # 12900.

Working With a Contractor and Project Manager as Part of Your Team

canada, flip, flipping, Life Lessons, Real Estate, Real Estate Investing, Renovations

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Brandon Williams is a Real Estate Investor and Contractor with 5 years of experience, executing construction and renovation projects for small to large firms in the Healthcare and Residential sectors. He has also built his real estate investing business with flipping.
Guest: Brandon Williams, Real Estate Investor / Contractor Brandon Williams is a Real Estate Investor and Contractor with 5 years of experience, executing construction and renovation projects for small to large firms in the Healthcare and Residential sectors. He has also built his real estate investing business with flipping. He was born in Jamaica and in a competitive culture, he soon understood the importance of excelling. He now lives in Brampton, Ontario and has degrees and qualifications in Architecture and Architectural Technology and initially started working on Construction and Renovation of fire damaged houses which involved intense projects and long days that soon had him looking for alternative longer-term opportunities and came across real estate investing as a market to work in. He generated over $90,000 in renovation project sales in a 6 month time period while successfully maintaining a 30% profit margin on all projects managed. He has managed the full life cycle of projects with over $1.2 Million in capital costs, including responsibility for multidisciplinary teams from 5-25 people. You will learn about: – Tips on overcoming your fear of quitting your job, getting out and started in real estate – Why educating yourself is important – Lessons learned from the ups and downs of his first flip project including finding $290,000 at the last minute. Get in touch with Brandon: Email: brandon@stewardv.com Linkedin: https://www.linkedin.com/in/brandon-williams-b8643026/ Twitter: https://twitter.com/joshgusscott Instagram: https://www.instagram.com/joshgusscott/ “Where Should I Invest” is brought to you in part through the sponsorship and support of Dalia Barsoum of Streetwise Mortgages. contact her to book a FREE Goals Analysis – be sure to mention the podcast! Read more about Dalia by clicking here.
DALIA BARSOUM , MBA Finance  President and Principal Broker , Streetwise Mortgages Best selling Author : Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want  Winner of the Outstanding Customer Service Award : CMP Top 75 Brokers in Canada ( 2017 and 2018)  : Canadian Mortgage Professionals Magazine ( CMP) Mortgage Broker of the year ( 2017 , 2015 ) : Canadian Real Estate Wealth Magazine [Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 ] Mail:  53 Berry Trail, Woodbridge, ON , L4H 2T4 | License # 12900

How to Increase BRRRR Cash Flow By Expanding Single Homes to Multi-Family Units

BRRR, canada, duplex, Joint Venutre, Multifamily Investing, Real Estate, Real Estate Investing, Renovations, ,

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Elizabeth Milder is the co-owner of Expansion Properties, a real estate investment firm based in Victoria, BC. Expansion Properties currently has 11 units under management and are in the process of building 2 new single-family homes that will be ready to sell around June 2019, a first for the company.

Guest: Real Estate Investor, Elizabeth Milder

Elizabeth Milder is the co-owner of Expansion Properties, a real estate investment firm based in Victoria, BC. Expansion Properties currently has 11 units under management and are in the process of building 2 new single-family homes that will be ready to sell around June 2019, a first for the company.

Elizabeth and her partner in life and business Cole have become experts in the application of the BRRRR method (Buy, Renovate, Rent, ReFinance, Repeat) and identifying properties with the potential for adding additional square footage, By converting single-family homes to multi-unit rentals (2,3 and 4 units) they can significantly add to the property value and cash-flow.

With her passion for entrepreneurialism and a desire to encourage other women to realize the power of real estate investing, Elizabeth has recently started a VLOG called Queens of Expansion. Through Queens, Elizabeth leverages her relationships in the real estate industry, interviewing other successful women investors/developers, to offer insight and encouragement to would-be investors

You will learn about: – Insights on property conversions – The process of converting properties – Key people to have on your team – Insights for doing joint venture projects – Tips on financing your projects

Get in Touch with Elizabeth: Website:https://www.expansionproperties.com E-mail:elizabeth@expansionproperties.com Facebook:facebook.com/queensofexpansion/ Other social media @queensofexpansion

“Where Should I Invest” is brought to you in part through the sponsorship and support of Dalia Barsoum of Streetwise Mortgages. contact her to book a FREE Goals Analysis – be sure to mention the podcast!  Read more about Dalia by clicking here.

DALIA BARSOUM, MBA Finance  President and Principal Broker, Streetwise Mortgages Bestselling Author : Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want 

Winner of the Outstanding Customer Service Award: CMP Top 75 Brokers in Canada ( 2017 and 2018)  : Canadian Mortgage Professionals Magazine ( CMP) Mortgage Broker of the year (2017, 2015 ) : Canadian Real Estate Wealth Magazine

[Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 ] Mail:  53 Berry Trail, Woodbridge, ON, L4H 2T4 | License # 12900

Episode 24 – Identify Your Goals & Up Your Negotiating Skills

BRRR, canada, Finance, flip, flipping, Life Lessons, Mindset, Multifamily Investing, raising capital, Real Estate, Real Estate Investing, Renovations, , , , , , , , , , , ,

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In this episode of Where Should I Invest the Podcast, We interview Lee Strauss and talk about Real Estate Investing.  Lee is an Investor, Speaker, Coach and at the same time works as a firefighter.  He started with Real Estate at the age of 21, a straight rental property.  Lee has an innate desire to drive forward and keep developing his knowledge, skills and success.

He’s currently continuing to build his real-estate portfolio through utilizing new strategies and looking for more opportunities.

In this Episode, Lee and Sarah will talk about. . .

– Buy, Fix and Hold

– Flipping Properties

– Negotiating Tips and Strategies

– Tips on analyzing properties

– Identifying your Real Estate goals

And more about Lee’s portfolio.

Share and Subscribe for more content, visit our Youtube channel at

https://www.youtube.com/channel/UC9DbFl4XFDGpMl4mUQvpi5Q

On Facebook at https://www.facebook.com/SarahLarbi84/

Get more about Lee Strauss at:

www.straussinvestments.com

Email him at:

lee@rockstarbrokerage.com

Instagram:

https://www.instagram.com/strauss_investments/

Don’t forget:
Please Rate and Subscribe to this podcast 
For more content, or visit my website: www.sarahlarbi.com

“Where Should I Invest” is brought to you in part through the sponsorship and support of Dalia Barsoum of Streetwise Mortgages. contact her to book a FREE Goals Analysis.

DALIA BARSOUM , MBA Finance 
President and Principal Broker , Streetwise Mortgages
Best selling Author : Canadian Real Estate Investor Financing: 7 Secrets to Getting All The Money You Want 
Winner of the Outstanding Customer Service Award : CMP
Top 75 Brokers in Canada ( 2017 and 2018)  :  Canadian Mortgage Professionals Magazine ( CMP)
Mortgage Broker of the year ( 2017 , 2015 ) : Canadian Real Estate Wealth Magazine
[Direct: 416-985-4698 | www.streetwisemortgages.com | Toll Free & Fax: 1-800-208-6255 ]
Mail:  53 Berry Trail , Woodbridge , ON , L4H 2T4 | License # 12900

Episode 23- What to Look for & What to Avoid With Basement Conversions

basement conversions, BRRR, canada, duplex, Finance, flipping, Mindset, raising capital, Real Estate, Real Estate Investing, Renovations, secondary suites, wealth, , , , , , , , , , , , , , ,

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In this episode of Where Should I Invest the Podcast, we interview Ken Bekendam from my favourite investment city of Brantford Ontario. Ken Bekendam is a full-time Real Estate Investor and expert in basement conversions.
Listen and learn about. . .
– How to successfully complete a basement conversion
– What to look for and pitfalls to avoid
– What the numbers look like
– How to get permits and approvals
– Hear about how Ken was able to grow his portfolio
And so much more. . .

To get a hold of Ken, reach out to him directly on Facebook by searching Ken Bekendam or meet him in person at the next REITE Club meeting as he is a regular attendee.

Don’t forget:
Please Rate and Subscribe to this podcast 
For more content, or visit my website: www.sarahlarbi.com
I also now have Social Media!!! Who knew this day would happen 🙂
My Instagram and Facebook is @sarahlarbi84

Episode 22- How to Find Off-Market Deals

BRRR, canada, Finance, flip, flipping, Life Lessons, Mindset, Multifamily Investing, off market property, raising capital, Real Estate, Real Estate Investing, Renovations, wealth, , , , , , , , , , , , , ,

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In this episode of Where Should I Invest, Sarah featured Kory MacKinnon and his journey in Real Estate Investing. Kory MacKinnon is a successful Real Estate Investor with over decade of experience. He started with a 6-plex property back in
2005 and today managing 20+ properties / 60+ rental units. In this episode, he will share his experience on how he was mentored by his landlord and walk us through how he transitioned himself from having a corporate job to doing Real Estate full time. Also he bought a house for only $5k, WHAT!? Hear about it here and more….
Listen to learn about. . .
– Finding off market deals
-Different real estate investing methods
– The BRRR method
– Multifamily properties
– and so much more!
Share and Subscribe for more content, visit our Youtube channel at
https://www.youtube.com/channel/UC9DbFl4XFDGpMl4mUQvpi5Q

 

Episode 21- What You Need to Know About the BRRR Method & Why it Works

BRRR, canada, off market property, Real Estate, Real Estate Investing, REIA, Renovations, , , , , , , , , , , , , , , , ,

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Matt and Kellan live and invest in London Ontario.

Matt McKeever is a full time Real Estate Entrepreneur who quit the rat race at 31 and Kellan Paniccia is a real estate investor who achieved financial independence through real estate.  Both are successful millennials that are giving back to the community by hosting monthly real estate clubs and sharing their knowledge through many avenues such as on social media and a youtube show.

Episode Highlights:

  • Learn about the BRRR Strategy (Sarah’s Favorite)
  • Hear about the 1% rule for Cashflow in Real Estate Investing
  • Finding Off-Market Houses
  • Tips on where to get leads and deals.
  • Listing Properties; Kijiji Vs Multi Listing Service

Contact Information:

For more information;

  • Matt McKeever: YouTube, www.YouTube.com/MattMcKeever, www.instagram.com/mattmckeever85
  • Kellan: Instagram, www.instagram.com/kellan.pan