Episoder
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In this episode Alfonso Cuadra, the multi-family whisperer talks about the importance of having mutiple streams of income, financial literacy and the need to scale your business. Various topics and opinions are discussed including Multi-family financing, Raising capital, and more... Connect with Alfonso Website: http://alfonsocuadra.ca Instagram: https://www.instagram.com/alfonsocuadra Facebook: https://www.facebook.com/AlfonsoCuadra13 Connect with Ross Instagram: @ross.nedaee Website: https://linktr.ee/rossnedaee
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Not all heros wear a cape! In today's episode I have Alving Wong a full time Nurse who is investing in Real Estate in the Windsor and Sudbury market. Alvin realized early that just one income stream does not suffice and he is now actively looking to build his portfolio while still enjoying his nursing career.
Why you have to check out this episode:
Discover the market fundamentals Sudbury, Ontario Find out how to successfully negotiate and get deals under asking price Learn how to build your team in different citiesFollow Alvin Wong:
Instagram: https://www.instagram.com/thisisalvinwong/Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee -
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Have you considered investing outside of Ontario? Want to get into a more landlord friendly market with great cashflow? Looking to grow your portfolio faster? Then you need to check out this episode!
Why you have to check out this episode:
Discover the market fundamentals of Saskatoon, Saskatchewan Find out how Amanda was able to purchase two large cash flowing multi family buildings Learn how you can be a flipper, a buy and hold investor and a developerFollow Amanda Bolan:
Instagram: https://www.instagram.com/multifamilyamanda/Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee -
Why you have to check out this episode:
Discover a no-money-down deal on financing properties. Find out the golden rule he sticks by to grow his portfolio and have a steady cash flow. Learn how Josh started buying his first property and scaled up steadily to 87 units to date.Have you thought of enjoying a lifestyle you want that allows you time and financial freedom to keep the right balance of business and family life?
In this episode, our guest Josh Stevenson shares his journey from being a teacher to a full-time real estate investor - what property deals he got into and the strategies he employed to grow to an 87-unit portfolio and enjoys his freedom.
Josh Stevenson has been a property investor for 14 years now. He started in Barrie, Ontario, where he house hacked his first duplex. And then he moved back to his hometown of Orilla, Ontario, where he's been away for about 20 years as he travelled the world for many years and taught English. He came home to Canada and opened an English school that was later shut down by SARS, and started his career in real estate investing from then on.
Topics Covered:
01:50 - What got him into real estate investing
05:52 - One thing that initiated his diving into real estate investing
09:48 - Property deals he started out with
13:05 - Growing his portfolio to 87 units
16:38 - A funnel he created that helps in acquiring properties
19:50 - How a Vendor Take Back mortgage works
21:30 - Three main bread and butter deals
21:52 - What you want to know about credit unions including property assessment
25:41 - Things one should be looking at when buying properties other than appreciation
30:11 - Challenges that he overcame
33:49 - Plans of getting into property management
34:44 - Looking at the numbers in one of his deals
40:14 - Doing deals with no JV partners
40:52 - Books he recommends
42:06 - Where he wishes to travel now
42:30 - What he says to someone new to real estate investing
Episode Takeaways:
"We discovered that we could do something called a no-money-down deal. We deal with credit unions now. I found that credit unions are actually way better lenders, and they don't have as strict rules as conventional banks." - Josh Stevenson
"You know the 1% rule, that has been the golden rule for us. Truly believe that's how we've been able to build this portfolio so big. You can look at a building like that, what are the rents? And what is the price?" - Josh Stevenson
Resources:
Rich Dad Poor Dad by Robert Kiyosaki Think and Grow Rich by Napoleon HillFollow Josh Stevenson:
Website: https://investnorth.ca/ Instagram: https://www.instagram.com/investnorth.ca/Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee -
Why you have to check out this episode:
Find out what deals to go into to speed up your BRRRR strategy Find out what existing layout you need to consider for your property deals so you maximize revenue. Discover a property software that helps users advertise through an automated process and keeps your team organized to scale up your portfolio.With COVID stalling many businesses and the challenges you meet, how do you pivot and find strategies that are cash flowing and provide a return on investment?
In this episode, Jared shares how he started investing in different markets and landed in Peterborough's student rentals. He also talks about the deals he focuses on that speed up his BRRRR strategy, eyeing a goal of a 100-unit portfolio when he turns 45.
Jared Henderson started investing in 2012 in the Golden Horseshoe at the other end in Niagara Falls and wound up in Peterborough after experimenting in a few different markets. The BRRRR process is his main strategy.
Topics Covered:
03:01 - What got him into real estate investing?
04:28 - From condos to duplexes and the challenges
08:13 - Raised bungalow conversion to second suites
10:38 - Why student rentals, right tenant screening
15:08 - Reason for getting into the legal conversion strategy
17:21 - Deals he looks into in Peterborough, an existing layout, areas to go for or stay away from
22:02 - Sourcing deals and his successful off-market deals
26:29 - Finding contractors, funding deals, and raising capital
31:03 - How he manages his properties
32:43 - Going over a project he just recently refinanced
40:42- His travel plans
40:54 - Book recommendation
41:26 - What he would tell his own self when he was just starting out
Episode Takeaways:
"Why do I want to get into student rentals even when people say that they just party and trash the place, which is just not true. That will happen occasionally. But most people have a damage deposit; their parents are co-signing. You're always going to get your rent; rarely, you don't." - Jared Henderson
"The real value, the real equity is working with the right team, the right property managers, the right contractors, for sure. And that includes your legal team, the right mortgage brokers, and once you get a system down, you just rinse and repeat it, because it's simply effective." - Jared Henderson
Follow Jared Henderson:
Instagram Email: [email protected]Follow Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee -
Why check out this episode:
Find out how to build a 52-unit portfolio without relying on joint partners Learn about an investing strategy that earns a lot more in the long run than what you can generate on a monthly cash flow Find out essential considerations and mindset shift to take in quitting your job to jump into real estate, so you manage expectations and know what you are running towardsIn this episode, Kellan shares how he is able to strike a balance between his personal and professional life while growing his real estate business.
Kellan James reached financial independence through real estate cash flow by the age of 29. He was able to quit the rat race to pursue his passion for real estate investing full time. Kellan hosts the On FIRE Podcast, shares his daily journey on Instagram, and runs local meetup groups like London on FIRE. Kellan started by house-hacking: living in a duplex and renting out the other side in order to live for free. In just over two years, he built a solely-owned, multi-million dollar portfolio consisting of 10 properties with 32 units. Kellan was able to accomplish this while working a full-time job, using the BRRRR investing strategy. Since then, he has added to his portfolio, currently totalling 52 units, all solely owned.
Topics Covered:
01:54 - How he got started in real estate
07:55 - Financing his deals without JV partners
09:34 - How a credit union works for him in refinancing his deals
11:19 - Interest rates with a credit union and where he finds his deals
14:58 - Creating active income and thoughts on borrowing money from private lenders
18:54 - What his lifestyle looks like now and location of his goldmine market
21:19 - From residential to duplexes to apartment buildings -- why the shift to this portfolio
23:20 - Portfolio for someone just starting out in terms of monthly cash flows
24:07 - The extent to which you can self-manage your properties
25:41 - His thoughts when it comes to tenant screening
26:25 - Incorporating versus your personal name
27:19 - Maintaining your focus on where you want to make money
29:02 - What it takes to quit from your full-time job and fully focus on real estate investing
32:32 - His take on the cryptocurrency and the 'shiny syndrome' thing
35:32 - What's a day for him like and plans to scale his portfolio
39:04 - Books he loves and recommends, travel destinations, advice for anyone getting into real estate
Resources:
Bluefishing: The Art of Making Things Happen by Steve Sims The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy FerrissConnect with Kellan James:
Website: https://www.kellanjames.ca/ Instagram: https://www.instagram.com/kellan.james/ YouTube: https://www.youtube.com/c/kellanjamesConnect with Ross Nedaee:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee -
Ross is joined by Cam Rowland, a real estate investor and coach from Winnipeg, Manitoba who specializes in acquiring properties with no money down using the Rent to Own strategy.
In this episode we discuss how to invest with no money down, what is rent to own, the benefits of rent to own strategy, how to find rent to own/off market deals, what to say to a motivated seller to get a deal, how to find the right tenant to place in the program and how to ensure tenants are able to complete the program.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Cam on Social Media:
Instagram: https://www.instagram.com/creativeinvestor/
https://www.creativeinvestor.ca
https://www.creativeinvestor.ca/tfl-ebook -
Ross is joined by Michal Wach, a husband, father, CPA, and real estate investor and coach from Hamilton Ontario.
With investing experience across multiple cities in Southern Ontario, Michal is primarily a long-term buy and hold investor that has used the BRRR (Buy, renovate, rent, refinance) method to acquire 6 properties (15 units) and growing.
After purchasing the first rental property in Hamilton in 2008 (a single family home), Michal has now put building blocks in place to leave his full time job in the near future to be able to focus on real estate investing full time, while spending more time at home with family and living life on his terms.
In this episode we discuss duplex conversions, common concerns/roadblocks of investors, the shiny object syndrome, overcoming mindset limitations and simplifying deal analysis to avoid analysis paralysis.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Michal on Social Media:
Instagram: https://www.instagram.com/wachproperties/
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You are never too young to invest in Real Estate! Ross is joined by Jake Novis, a 25 year old full time Real Estate Investor from Cambridge Ontario who specializes in Multifamily Commercial Real Estate who has been investing since 18! Jake is a very inspirational young entrepreneur who believes in systems and long term wealth with a portfolio of 28 units and growing!
In this episode we discuss multifamily commercial real estate investing, the difference between residential and commercial real estate, the qualification requirements for commercial financing, commercial CAP rates, tenant screening, property management systems and checklist, and the fundamentals of Lindsay Ontario.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Jake on Social Media: https://www.instagram.com/jakehnovis/
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Success does not come without failure and Rob is a true testament to that. Ross is joined by Rob Chopra a Real Estate investor in Hamilton Ontario who shares his inspiring story of losing $65,000 in his first ever flip deal and how was able to bounce back and learn from his experience to become a successful Real Estate Investor.
In this episode we discuss the 7 levels deep of a why, the importance of education, mentorship and networking, how credit scores work, how to build your credit, as well as how to analyze flip deals and how to fund them.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Rob on Social Media:
https://www.instagram.com/rob.chopra/
https://www.facebook.com/rob.chopra.906 -
Everyone wants to be a full time entrepreneur but not many can pull the trigger and make it happen, especially during the pandemic, Scott is an exception. Ross is joined by Scott Zandbergen a Real Estate investor in Georgetown, Ontario who shares his incredible journey of leaving a 6 figure salary job to transition into a full time Real Estate Investor. In part 2 we uncover how to private lend your money to create another source of active income, the benefits of using private money to fund your deals, how to source contractors in a new market, what criteria to use for flips, and how to raise private capital.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee
Follow Scott on Social Media: Instagram: https://www.instagram.com/scott_zandbergen/ Facebook: https://www.facebook.com/scott.zandbergen
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Everyone wants to be a full time entrepreneur but not many can pull the trigger and make it happen, especially during the pandemic, Scott is an exception. Ross is joined by Scott Zandbergen a Real Estate investor in Georgetown, Ontario who shares his incredible journey of leaving a 6 figure salary job to transition into a full time Real Estate Investor. He shares how to mentally prepare to quit your day job by getting clear on your net income/expenses, how to turnover an entire flip project successfully in just 3 months, how to set premium market rents as well as why invest in Bowmanville, Hamilton and Welland, and now Belleville.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Scott on Social Media:
Instagram: https://www.instagram.com/scott_zandbergen/
Facebook: https://www.facebook.com/scott.zandbergen -
Ross is joined by James Fernandez a Real Estate investor in London Ontario. James is a big action taker who does not believe in procrastination or making excuses. He shares WHY he started investing in Real Estate and how he has been able to build a portfolio of over 46 units while working full time as an Engineer. We discuss joint ventureships, house hacking, the secret of getting more line of credit, commercial lending and how to become a super host with Air bnb!
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee
Follow James on Social Media:
Instagram: https://www.instagram.com/james.fernz/ -
Please enjoy an episode from Wine & Real Estate Podcast hosted by Francois & Jennifer Lanthier from FL Homes Corp. I got the opportunity to share my journey, how I got started, where I invest, and how I manage being a realtor, investor while having a full time job!
Follow Ross on Social Media:YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow FL Homes Corp on Social Media:
Instagram: https://www.instagram.com/fl_homes_corp/ -
Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Mike Paquete a Real Estate investor in Cambridge Ontario. Mike discusses the mind shift he had to make to get back to Real Estate Investing after a short fall in his initial journey and why he still chooses to invest in KWC (Kitchener, Waterloo, Cambridge) Area doing duplex conversions. We discuss the strong fundamentals of the market, permits, Joint Venturehship, rents, and most importantly the criteria necessary for successful and profitable duplex conversions!
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Mike on Social Media:
Instagram: https://www.instagram.com/mike_paquete/
Facebook: https://www.facebook.com/mike.paquete -
Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Jeremy Ivany, a Real Estate investor in Chatham Ontario. Jeremy discusses how he’s made the switch from an Electrician to being a full time real estate entrepreneur at the age of 24. We discuss, how to attract JVs (partners), how to get Vendor Take Back Mortgages and most importantly the fundamentals of the Chatham market such as which pockets to invest in, what the market rents look like, the tenant profile to expect and running a successful air bnb business. We also discuss using tools such as Buildium to put property management on auto pilot.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee
Follow Jeremy on Social Media: Instagram: https://www.instagram.com/jeremyivany/
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Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Vardaan Sangar, a Real Estate investor in the Ottawa region. Vardaan shares his inspiring story of how he did not let the obstacles of being a new immigrant with a non permanent resident status stop him from buying and house hacking his first property in Kanata, Ottawa. He shares how he was able to buy a property despite not having his PR (Permanent Residence) status and how he was able to fund the deal. We discuss the importance of coaching and educating yourself in order to build your confidence to take action! We also analyze his deal and go deep into the numbers in this episode so make sure to tune in!
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Vardaan on Social Media:
Instagram: https://www.instagram.com/vardaansangar/
Facebook: https://www.facebook.com/vardaan.sangar -
Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Shawn Rea, a Real Estate agent and an investor in the Niagara region. Shawn shares his inspiring story of how he decided to change his life from working 50 hours a week in the corporate world and still living pay cheque to pay cheque to now having a portfolio of over 40 units in Ontario and 7 parcels of land in Belize! We discuss the importance of shifting our mindset from scarcity to abundance and why creating systems and outsourcing tasks are key elements in growing your portfolio. We also tackle how you can simplify your tenant screening process using Naborly and most importantly how to leverage the banks money to keep on buying more properties without maxing out quickly!
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Shawn on Social Media:
Instagram: https://www.instagram.com/shawnrea/
Facebook: https://www.facebook.com/shawn.rea -
Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Ishan and Sid who immigrated to Canada as international students and changed their pay cheque to pay cheque North American lifestyle to becoming serious real estate investors!
We had so much to talk about that I have decided to divide the episode into 2 parts. In part 2, we talk about the importance of being a Renaissance man and putting in some sweat equity to understand renovation costs and the big ticket items to look out for. You will learn the importance of frugality and why you should not lease or finance a car, the importance of investing in yourself, and most importantly doing the little tasks every day that will compound and make huge difference in the long run. Last but not least, we tackle how to do an airbnb and what makes a good airbnb business.
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee
Follow Sid & Ishan on Social Media: Instagram:https://www.instagram.com/khobare.capital/ Instagram: https://www.instagram.com/ishan.khobare/ Instagram:https://www.instagram.com/kidyounot_sid/
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Welcome to the Golden Nuggets of Real Estate Investing, a podcast dedicated to helping you achieve financial freedom through Real Estate. Ross is joined by Ishan and Sid who immigrated to Canada as international students and changed their pay cheque to pay cheque North American lifestyle to becoming serious real estate investors!
We had so much to talk about that I have decided to divide the episode into 2 parts. In part 1, you will learn how to overcome the barriers of networking, what criteria to use to analyze deals to overcome analysis paralysis, how to buy your first property as an international student or new immigrant, and last but not least, the secret to getting the maximum lines of credit that you can!
Follow Ross on Social Media:
YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos
Instagram: https://www.instagram.com/ross.nedaee/
Facebook: https://www.facebook.com/ross.nedaeeFollow Sid & Ishan on Social Media:
Instagram:https://www.instagram.com/khobare.capital/
Instagram: https://www.instagram.com/ishan.khobare/
Instagram:https://www.instagram.com/kidyounot_sid/ - Vis mere
