Well Off Podcast – Details, episodes & analysis

Fern got a taste for real estate investing in 2003 with the purchase of his first fourplex in Kingston Ontario. In 2018, he decided to turn his hobby into a business and founded Property Sense where he focuses on creating win-win Joint Venture partnerships in real estate. Three years after founding Property Sense he quit his J.O.B. to pursue real estate investing full time and hasn't looked back.

On This Episode, we discuss:

• 10 duplex conversions out of his 12 properties 
• Fern's experience with burnout and how he was able to turn that around 
• Working a full time job and becoming a full time investor

You can reach out to Fern Gauthier by visiting https://propertysense.ca/

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Adriana Ostapenko, owner of Ace Properties, began her real estate investment journey in Hamilton, Ontario, where she successfully converted single-family homes into duplexes and triplexes. Today, she's setting her sights even higher with a 50-unit project in New Brunswick.

On This Episode, we discuss: 

• The story behind her first investment property in Hamilton, ON 
• Strategies she used to raise capital for her projects 
• Her decision to transition into larger multifamily properties 
• An in-depth look at her 50-unit project, including turnover strategies and plans for refinancing within two years 
• The crucial role of partnerships and the importance of building transparent relationships with investors

You can reach out to Adriana Ostapenko by visiting https://www.ace-properties.com/

Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a
Renovation”

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Cory Matthews has been in Real estate for the past ten years. He and his wife started investing in real estate in 2015. They had a very small budget when it came to renovating their first rental property and they’ve built their portfolio to 12 units to this point.

On this episode, we discuss:
- Learning about renovations through DIYs and hiring the right contractors
- His real estate journey and how he started with very little and was able to apply the BRRR strategy
- How he was able to borrow funds from family to grow his portfolio
- Slow and steady growth - avoiding too much risk and debt

You can reach out to Cory Matthews by visiting his Instagram: @corymatthewsrealtor

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Daniel Foch is a real estate broker, working in the real estate industry for over 15 years. Daniel and his team have transacted over $250M in real estate across a variety of asset classes. Daniel was an active instructor, contributor and researcher in the University of Guelph’s Real Estate Faculty. He hosts The Canadian Real Estate Investor Podcast. On this episode, we discuss:

 

The latest real estate news headlines like:

Inflation in the US and its impact on the Canadian economy

Recent OSFI (Office of the Superintendent of Financial Institutions) regulation changes

Upcoming opportunities in the Canadian real estate market

NAR (National Association of Realtors) lawsuit

Recent TRESA changes and open bidding

 

You can reach out to Daniel by visiting www.danielfoch.com

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Austin Yeh is a mortgage agent at Vine Group and a seasoned real estate investor. He started with $40,000 in savings in late 2018 and expanded his real estate portfolio to over 25 properties within 5 years. He also founded RISE Network and co-hosts the RISE Real Estate Investing Podcast. 

On this episode, we discuss:

- How he was able to grow his portfolio quickly

- How being featured in a Toronto Life articles changed his life

- Why he got into the wholesaling business

- Being over leveraged on a 6plex, the complications and stress it caused

- Credit card points hacking

 

You can reach out to Austin Yeh by visiting https://www.instagram.com/austinyeh6/reels/

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Luc Boiron is a leading Canadian real estate investor who has been investing since 2007. Luc is a former lawyer who also holds an MBA, but left that world in 2016 to start Bliss Realty Inc. with the goal of flipping houses. Since then, he has built one of the largest residential property acquisition companies in Canada and has bought and sold over 850 houses across the country. With an in-house team of over 30 employees, Luc has also grown his residential rental portfolio with a mix of single-family and apartment buildings, short term rentals and coach house builds.

On this episode, we discuss:
- His recent hoarder house purchase
- Why the wholesaling business has slowed down
- Flipping 30-50 properties in a year
- Costly mistakes to avoid when flipping
- His flipping success rate in the last year
- A new motel project he’s working on

CTA: I’m willing to help one person buy their first 10 unit apartment building. If you’re interested in discussing this opportunity, make sure to message me on instagram: @welloffx

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Michael Lombardi shares how his experience in other fields helped him get into real estate investments. His journey in real estate investment began in Toronto in 2016 with a triplex house hack, progressing through a series of moves including an accidental BRRR in Brantford and multiple conversion projects in Welland. Adding value through intentional renovations has been central to his strategy. The influence of his family, particularly his mother, a career property manager, has been invaluable. Michael’s real estate endeavours have been punctuated by both learning curves and small wins, with a portfolio now including 7 properties and 16 units.

 

In this Episode, you’ll be able to

- Understand the process and benefits of house hacking a Toronto triplex 

- Understand how to leverage using HELOCs

- Learn about acquiring property outside of the Greater Toronto Area and outsourcing property management companies 

- Learn about the benefits of adding a basement suite to a bungalow 

 

 

You can reach out to Michael by visiting certaincapital.ca

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Many yearn to have a successful real estate portfolio, but only some truly understand the mechanisms behind it. Today, we focus on an inspiring story of creative financing and strategic investing with Myuren Chanthirakumar, a commercial appraiser and steadfast real estate investor, who shares his journey to owning an impressive portfolio of 14 properties and over 40 doors.

In this episode, you'll be able to: 

• Understand the value of building and financing
• Understand lender requirements and strategies for building cash reserves
• Rapid growth in property acquisition
• Leveraging properties for further investments
• Utilize trust agreements for property acquisition
• Overcoming challenges and building a team

Myuren embarked on his real estate journey in 2019. Outside of investing, he works as a commercial appraiser for a global occupier services team, where he consults commercial real estate practices. Throughout his career, he constantly emphasized the need to think creatively, and so began his journey into real estate investing.

His real estate adventure started with an aborted pre-construction condo purchase. After fully understanding the financial implications, he calculated he'd be outmatched and backed out within the 10-day cooling period. Determined not to be defeated, he opened a map of Ontario. His research pointed him to Windsor, a city on an impressive growth trajectory.

In Windsor, he bought his first property, a single-family home, for $257,000. Thanks to creative financing, the down payment came from a mix of his savings, a loan from his parents quickly repaid via a line of credit. He was now cash flow positive, but his tenants stopped paying rent due to COVID-19. It was a hard setback but a lesson in due diligence and clear communication.

You can contact Myuren by visiting https://www.linkedin.com/in/myurenc/.
FREE REPORT: Download our free report: "Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”

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This episode has been brought to you by Don Chen, Mortgage Agent, Pineapple.
Tel: 647-961-3281
Email: don@gopineapple.com
Follow on Instagram and Facebook @themortgagedon

Despite your best efforts to navigate the complexities of the landlord-tenant relationship in Ontario, you may find yourself stuck in a cycle of ineffective communication and costly legal battles. Your attempts to enforce lease agreements and resolve conflicts may be met with resistance, leading to a breakdown in trust and an unsustainable rental business.

Advocacy has always been my passion, and now I advocate for landlords to ensure fair and equitable landlord-tenant relationships. - Glenn Gosling
Joining us on this week's episode is Glenn Gosling, a paralegal at Caveat LLP with a wealth of knowledge and experience in landlord-tenant law in Ontario. With a background in healthcare advocacy and a passion for fighting for the rights of both landlords and tenants, Glenn brings a unique perspective to the table. Having grown up in Ottawa and spent several years in the UK, Glenn's diverse background and international experience have shaped his understanding of the complexities of the landlord-tenant relationship. 

Whether you're a landlord looking to navigate the legal landscape or a tenant seeking to understand your rights, his expertise will provide you with valuable insights and practical advice. 

Please tune in to this episode as we dive into non-payment of rent, late payments, and other common issues landlords face in Ontario. Get ready to gain a better understanding of the landlord-tenant relationship and learn how to manage your rental property effectively.

In this episode, you will be able to:

• Understand the rights and responsibilities of landlords and tenants in Ontario for a smoother landlord-tenant relationship.
• Discover an online portal that simplifies the process of filing applications, saving you time and hassle.
• Learn how to navigate rent increases and lease renewals effectively, ensuring fairness for both parties.
• Navigate eviction notices and legal processes confidently, following the proper procedures.
• Gain insight into typical inconsistencies in the Landlord and Tenant Board and how to address them, ensuring fairness and justice for all parties involved.

You can contact Glenn by visiting https://caveatlegalservices.cliogrow.com/book or find him in social media.

FREE REPORT: Download our free report: "Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”

Did you like this episode? Please take a moment to subscribe and leave a review today! Youtube Spotify Apple Podcasts Instagram

This episode has been brought to you by Don Chen, Mortgage Agent, Pineapple.
Tel: 647-961-3281
Email: don@gopineapple.com
Follow on Instagram and Facebook @themortgagedon

Do you desire to expand your real estate portfolio and thrive in today's market? Are you searching for a solution that will enable you to achieve this desired outcome? Look no further!

Our guest today will share valuable insights that will empower you to grow your existing real estate portfolio and conquer the challenges of the current market landscape. With his solution, you can attain the outcome you've yearned for in your real estate investments.

Building for the next generation is what it all comes down to. It's about creating a portfolio that can support the life you want to live and pass on to your family. - Abdellah Majd
Meet Abdellah Majd, a seasoned real estate investor and sales professional with a wealth of experience in the industry. Over the past eight years, he has honed his skills in selling real estate while simultaneously growing his own investment portfolio for the past decade. As the owner of a boutique brokerage in Hamilton, he has established himself as a trusted expert. 

His journey in real estate began in 2013 when he joined forces with his family to purchase three duplexes within two years. Since then, he has expanded his investments to include commercial multifamily properties and ventured into the Florida real estate market. With his extensive knowledge and active involvement in the investment community, he is a valuable resource for real estate investors seeking to expand their portfolios and navigate the ever-changing landscape of the industry.

In this episode, you will be able to:

• Discover effective strategies to grow your existing real estate portfolio and increase investment returns.
• Explore the opportunities and benefits of cross-border property investments for expanding your real estate portfolio.
• Learn about the potential for expansion and profitability in the commercial sector and how it can enhance your real estate portfolio.
• Navigate market transitions and uncover affordable properties that can help you expand your real estate portfolio and boost your overall returns.
• Gain valuable insights and practical tips for growing your existing real estate portfolio, regardless of the current market conditions.

You can contact Abdellah by visiting https://www.majdrealty.com/ or find him in social media.
FREE REPORT: Download our free report: "Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”

Did you like this episode? Please take a moment to subscribe and leave a review today! Youtube Spotify Apple Podcasts Instagram

This episode has been brought to you by Don Chen, Mortgage Agent, Pineapple.
Tel: 647-961-3281
Email: don@gopineapple.com
Follow on Instagram and Facebook @themortgagedon