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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:info@welloff.ca 

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.

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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:andrew@choubetalegalservices.com

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

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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:info@tartandevelopments.com

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.

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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

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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.

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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

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Guest: Craig Race & Ryan Fernandes – Real Estate Investors & Laneway House Developers

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

This week’s podcast guests are Craig Race & Ryan Fernandes – Real Estate Investors & Laneway House Developers.

Laneway houses are a recent phenomenon in Toronto and Vancouver. Craig & Ryan are designing homes ranging from 500 sf up to 1700 sf with 3 bedrooms and even a basement! Toronto has great policies that help investors build laneway houses to increase density in older parts of the city. Utilities are connected to the main house and are then submetered. Beautiful designs have been created and most are 2 stories above great. It’s a very flexible building model that can even eventually be combined with the main house. It’s a harder resale market as there are currently no comparables. On the rental side, it’s amazing! You can get very high rents and revenue data from other investors. Laneway houses are development-charge free which is a huge saving. Parking requirements are null which greatly increases building opportunities.

Make sure the check out Craig & Ryan’s advocacy efforts, they are the leaders in the laneway housing sector.

In this episode, you will learn about:

• What’s a laneway house
• How to prepare for such a project
• Maximizing underutilized space
• Determining if your property is suitable for a laneway house
• Various rental opportunities for laneway houses
• How garden suites differ from laneway houses
• Opportunities in the city of Hamilton

Get in touch with Craig Race & Ryan Fernandes:
Website:www.lanescape.ca
Instagram:https://www.instagram.com/lanescape.ca/
Facebook:https://www.facebook.com/lanescape.ca
Twitter:https://twitter.com/lanescapeca
Instagram: @ryanfernandes94
Instagram: @craigitect

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.

Sarah was recently the guest on the “In Your house” podcast with Toni Sing and Jenny Wun

Listen to the full episode here
https://www.inthehousepodcast.ca/episodes/59-sarah-larbi
or wherever you listen to podcasts

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Guest: Josh Stevenson, Real Estate Investor

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

This week’s podcast guest is Josh Stevenson, Real Estate Investor.

Josh started out about 14 years ago and was slowly acquiring properties at the beginning. He eventually partnered with his friend Brent and they put their resources together and really grew their business in northern Ontario. They invested their capital, equity, and skillsets. They still self-manage even though they now own more than 90 doors. They are slowly adding to their team (Josh’s wife, etc.). They built it all without private lenders or JV partners. They did some no-money-down deals with credit unions, vendor takebacks, and more!

Josh also shared some amazing tips on how to work with credit unions, using collateral mortgages, and getting creative with loans and lenders. This has helped him grow and scale by using liens and other ways to build trust with lenders.

In this episode, you will learn about:

• The importance of staying ahead of the market “explosions”
• Structuring no money down deals
• How to find the right partner
• Self-managing a large portfolio remotely
• Collaborating with tenants as “anchor persons”
• Using collateral wisely to scale up
• More creative tips and tricks of the trade!

Get in touch with Josh:
Instagram: https://www.instagram.com/investnorth.ca/
Website:https://www.investnorth.ca

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

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