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The Darker Side of Flipping From The Frugal Investor

by | Jul 31, 2020 | , , ,

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Jon Schoeller is a serial entrepreneur and is currently living in Charleston, West Virginia. He is the sole owner of Jon Schoeller Consulting, where his mission is to help both businesses and individuals with strategy and money management. He is also a partner at an investment firm where they have flipped 110 properties in the last 3 years. 

Guest: Jon Schoeller, Real Estate Investor

Jon Schoeller is a serial entrepreneur and is currently living in Charleston, West Virginia. He is the sole owner of Jon Schoeller Consulting, where his mission is to help both businesses and individuals with strategy and money management. He is also a partner at an investment firm where they have flipped 110 properties in the last 3 years. 

Known as The Frugal Investor, Jon has been in business for himself since the tender age of 20 years old and over the last 12 years, he has developed his business and financial skills through both success and failure. He became financially free in his late 20s and has been debt-free for over 10 years. Jon’s passion is to teach others how to do the same. 

Jon also owns a Crossfit Gym in Charleston where he lives with his wife and a foster daughter, a Jack Russell named Beamer. There are always a few foster animals running around as well. 

In this episode you will learn about:
– West Virginia market fundamentals- Vacancy rates, Taxes and general differences
– Tenant management
– Cash for Keys
– Risks for new and experienced investors

Get in touch with Jon:
Instagram:https://www.instagram.com/thefrugalinvestor/ &  https://www.instagram.com/shotsbyschoeller/
Youtube: https://www.youtube.com/results?search_query=Jon+Schoeller

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Complete Properties – click here for more details

Strategies for Successfully Investing in College Towns

by | Jul 24, 2020 | , , ,

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Inspired to become a real estate investor by his grandpa who had bought 3 properties in the Bay area in California, Ryan Chaw saw that his grandpa’s rental income covered all his expenses and allowed him to retire early. He was even able to use that rental income to help cover his grandchildren’s’ college tuition.

Guest: Ryan Chaw, Real Estate Investor & Pharmacist

Inspired to become a real estate investor by his grandpa who had bought 3 properties in the Bay area in California, Ryan Chaw saw that his grandpa’s rental income covered all his expenses and allowed him to retire early. He was even able to use that rental income to help cover his grandchildren’s’ college tuition.

A graduate of Doctor of Pharmacy in 2015 at age 23. Ryan loves his job but knew he wanted to do something more in life, not wanting to become just “that pharmacist” who worked at his job until he retired at 65.

Ryan bought his first property in 2016 a single-family home close to a college in Stockton. He rented out the home per bedroom to college students and renovated to add extra bedrooms to increase rental profit. He repeated the same process, buying a new property each year. 

He then created a system for getting consistent high-quality tenants, self-managing the property and decreasing expenses through preventative maintenance. Knowing he had his pharmacy income Ryan has approached his investing focus on 15-year mortgages versus 30 and he now makes $10,755 per month in rental income and could retire by the age of 31.

Ryan is now teaching others his system on how to find a college town to invest in, analyzing a deal, generating tenant leads through strong marketing tactics and how to self-manage college tenants so everything is hands-off and automated.

You will learn about:
– Benefits of investing in college towns
– Best types of student tenants to look for and tenant empowerment
– Maximizing the rooms in a property for rental
– Establishing systems and hands-off management.
– Lessons from mistakes made as a new investor
– Tips and why is it important to have a preventative maintenance

Get in touch with Ryan:
Email: rchaw@newbierealestateinvesting.com
Website: www.newbierealestateinvesting.com

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Building An Empire Of $100 Million In Assets By 2023

by | Jul 17, 2020 | , , ,

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DJ Hume is an expert Real Estate Investor out of Cincinnati, Ohio and the expert part took him a while to acquire. He has been investing in Real Estate for just over 4 years and owns $5 million worth of assets at the tender age of 27. And he was able to acquire about $3.5 million worth of his portfolio in the last 12 months.

Guest: DJ Hume, Real Estate Investor

DJ Hume is an expert Real Estate Investor out of Cincinnati, Ohio and the expert part took him a while to acquire. He has been investing in Real Estate for just over 4 years and owns $5 million worth of assets at the tender age of 27. And he was able to acquire about $3.5 million worth of his portfolio in the last 12 months.

He has been featured in the Top 100 People in Real Estate and has set a challenging goal of wanting to acquire $100 million worth of assets by 2023. 

DJ embarked on this journey for the freedom more than anything, and now he wants to share his knowledge with others by starting the Real Estate University and offering courses on real estate investing. 

In this episode you will learn about:
– Real Estate pandemic concerns & opportunities 
– Different market insights
– Why invest in multifamily vs. single-family homes 
– Tips finding Investors 

Get in touch with DJ:
Website: https://www.djhumeofficial.com
Instagram: https://www.instagram.com/djhumeofficial/

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Achieving Success Through DIY, Creativity & Determination

by | Jul 10, 2020 | , , ,

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Monica Liscano is a self taught DIY renovator. She purchased her first house 5 years ago and rented out the rooms to cover the mortgage and renovated the house over 2.5 years. Monica then sold that property to purchase the next house which was converted to a duplex. She then refinanced the duplex to purchase a single home, fixed up the home and rented it out.

Guest: Monica Liscano, Real Estate Investor 

Monica Liscano is a self taught DIY renovator. She purchased her first house 5 years ago and rented out the rooms to cover the mortgage and renovated the house over 2.5 years. Monica then sold that property to purchase the next house which was converted to a duplex. She then refinanced the duplex to purchase a single home, fixed up the home and rented it out.

In this episode, various topics are discussed including the advantages and disadvantages of doing renovations yourself vs. contracting the work out, going through various project financials, the legalities of managing AirBnb’s in Ottawa, is it better to have short term tenants vs. long term tenants and thoughts on the current real estate market.  

Monica shares the progress on her renovation projects on Instagram to her large fan base. 

You will learn about:
– DIY projects
– Project financials
– Managing Airbnbs in Ottawa
– Current real estate market insights

Get in touch with Monica:
Instagram: @momos_home_
LinkedIn: https://ca.linkedin.com/in/monica-liscano-7ba63867/

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Gary Hibbert with The Real Estate Empresses

by | Jul 9, 2020 | , ,

Along with my fellow Real Estate Empresses, we were recently interviewed by Gary Hibbert for a special pandemic episode of his podcast.

The Real Estate Empresses are Sarah Larbi, Gabrielle Campbell, Jenn Richter, Jessica-Ann Buchta. This podcast was recorded in May, & while they were speculating about what might happen in the market due to COVID, a lot of it has come true.

They discussed how they have shifted their investments since the pandemic began; also about whether a second wave would happen & its effects; censorship; the narrative that the mainstream media is telling; how to pandemic proof your life!

You can listen here

Tunes – https://apple.co/2UvRI3s  

Spotify – https://spoti.fi/2MIl63X 

Stitcher – https://bit.ly/2HRHSr8

Or watch on YouTube

Embed YouTube video https://youtu.be/T4ve8vxsRR4

Discussion

Market Updates & The Importance of Social Media Branding

by | Jul 3, 2020 | , , ,

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On this special edition of the Where Should I Invest? Podcast, Matt McKeever and Sarah Larbi have an unscripted, sharing of opinions chat on the strategies for social media branding if you really want to scale your business and the continued impact of COVID-19 on the real estate market and the economy. 

Guest: Matt McKeever, Real Estate Investor and CPA

On this special edition of the Where Should I Invest? Podcast, Matt McKeever and Sarah Larbi have an unscripted, sharing of opinions chat on the strategies for social media branding if you really want to scale your business and the continued impact of COVID-19 on the real estate market and the economy. 

Various topics and opinions are discussed including tips for becoming successful on You Tube and Matt shares his own story of utilizing You Tube successfully, the social media branding strategies and the importance of picking one or two platforms to really dominate on, the ways to have multiple streams of income for your business, how to attract investors using social media, insights on the future for commercial real estate  specially office real estate and economic insights and updates.  

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  

In this episode you will learn about:
– Tips for You Tube Success
– Social media branding strategies
– Ways to monetize your business 
– How to attract investors with social media 
– Insights on the future for commercial real estate 
– Economic insights and updates 

Get in touch with Matt:
You Tube:https://www.YouTube.com/MattMcKeever,
Instagram:https://www.instagram.com/mattmckeever85
Facebook:https://www.facebook.com/Mattamatics

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Real Estate Market Updates plus Relationship Advice

by | Jun 26, 2020 | , , ,

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On this special edition of the Where Should I Invest? Podcast, Sarah Eder, Justin Michel and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market and how relationships have been impacted. Sarah provides insights into the real estate market side and as a therapist, Justin provides advice on how to maintain healthy relationships during these times. 

Guest: Sarah Eder, Real Estate Investor & Justin Michel, Registered Psychotherapist

On this special edition of the Where Should I Invest? Podcast, Sarah Eder, Justin Michel and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market and how relationships have been impacted. Sarah provides insights into the real estate market side and as a therapist, Justin provides advice on how to maintain healthy relationships during these times. 

Various topics and opinions are discussed including strategies on talking to your spouse about your passions and particularly the ones they are not on board with, recommendations for splitting things such as bank accounts, how couples are coping during these times, tips on a better way of fighting and still be able to get along, how JV partners have been coping and things you can do to calm them down, how to get more comfortable with networking and tips for communicating with tenants.  

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  

In this episode you will learn about:
– Strategies for talking to your spouse about your passions 
– Recommendations for splitting things 
– How couples are coping 
– Healthier ways of fighting 
– How JV partners have been coping
– Networking tips  
– Tips for communicating with tenants 

Get in touch with Sarah & Justin:
Sarah’s Website: https://www.saraheder.com/
Sarah’s Instagram:https://www.instagram.com/sarahederinvest/
Sarah’s Facebook:https://www.facebook.com/sarah.eder.5070
Sarah’s You Tube:https://www.youtube.com/channel/UCLrKCdPezd_aaqQs0Z9ijPw
Justin’s Website: https://www.justinthetherapist.com/
Justin’s Instagram: https://www.instagram.com/justinthetherapist/
Justin’s Facebook:https://www.facebook.com/JustinTheRP
Justin’s LinkedIn:https://www.linkedin.com/in/justinthetherapist/

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

The Ins & Outs of Property Management

by | Jun 19, 2020 | , , ,

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Complete Properties is a Real Estate Investment Services Company that specializes in property management, leasing and property maintenance led by Susan Corcoran and Sue Ore. Using industry leading technology, comprehensive tenant screening and creating exceptional experiences for owners and tenants, Complete Properties focus is to provide valuable services to like minded people who are committed to their real estate investment. 

Guest: Susan Corcoran, CEO & Sue Ore, COO Complete Properties

Complete Properties is a Real Estate Investment Services Company that specializes in property management, leasing and property maintenance led by Susan Corcoran and Sue Ore. Using industry leading technology, comprehensive tenant screening and creating exceptional experiences for owners and tenants, Complete Properties focus is to provide valuable services to like minded people who are committed to their real estate investment. 

Susan Corcoran is a leading John Maxwell certified business coach, mentor, and transformational leader to entrepreneurs and business owners across Canada. Her proven and highly acclaimed methods have helped small and medium business owners accomplish extraordinary growth in their business. Along with her husband and business partner Susan’s real estate portfolio consists of 4 residential properties and 2 commercial properties. She is also the co-founder of Keller Williams Complete Realty in Hamilton and Keller Williams Complete Niagara Realty in St. Catharines.

Sue Ore has been investing in residential real estate since 2008 with a portfolio consisting solely of multi-unit properties in the Hamilton area. She is responsible for the operations of Complete Properties. Sue specializes in building thorough systems and consulting real estate investment clients to ensure maximum profitability. With professional experience in leasing, property maintenance, sales and operations she has been a key player in growing businesses from the ground up. 

You will learn about:
– Self managing vs. hiring a property management company
– Common mistakes investors make
– Who are the key team members
– 3 key points for self managing
– Tenant screening process
– What happens when a tenant doesn’t pay

Get in touch with Susan & Sue:
Website:https://www.completepropertiesinc.com/
Facebook: https://www.facebook.com/completeproperties
Instagram:https://www.instagram.com/completepropertiesinc/
Susan’s Email: susan@completePMinc.com
Sue’s Email:sue@completePMinc.com

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

White Elm Design Build Inc – click here for more details

Results From Ontario’s Small Landlord Survey

by | Jun 12, 2020 | , , ,

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On this special edition of the Where Should I Invest? Podcast, Tony Miller and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market. Also, Tony conducted a survey of small landlords in Ontario to determine the impact of this crisis and shares the results. 

Guest: Tony Miller, Real Estate Investor & Realtor

On this special edition of the Where Should I Invest? Podcast, Tony Miller and Sarah Larbi have an unscripted, sharing of opinions chat on the continued impact of COVID-19 on the real estate market. Also, Tony conducted a survey of small landlords in Ontario to determine the impact of this crisis and shares the results. 

Various topics and opinions are discussed including private money lending and the terms that are available, Tony goes through the Ontario small landlord survey questions and results, the importance of proper information and messaging, how vacancies are being handled and advice for investors on how to handle the next 6-12 months. 

Feel free to agree or disagree with the thoughts and opinions discussed in this episode. This is for the purposes of sharing information during these unusual times.  
In this episode you will learn about:
– Private money lending & the terms
– Ontario small landlord survey results 
– Importance of proper information & messaging
– How vacancies are being handled 
– Advice for investors on how to handle the next 6-12 months
– Implications on short term rentals 

Tony Miller started in investing in real estate in 2008 and by 2014 he was able to leave his federal government job of 24 years. Today, he primarily invests passively in private money lending. Tony is a Investor Focused Realtor and some people also call him “Mister Ottawa.” He helps people build wealth, by sharing proven strategies and tools to invest in residential and commercial properties in and around the Ottawa area.

Tony will use your why/goals, financial situation, and intestinal fortitude (aka risk tolerance) to determine the best investment strategies that will help you reach your goals. He will be honest and explain why the investment property you want to buy is a lousy investment.

He will take the time that is necessary to explain that using economic fundamentals and understanding the real estate cycle are the foundations to sound real estate investing. Tony only works with a limited number of clients at a time and will tell you if he is too busy for new clients. He will introduce you to the best Investor Focused Realtors in other markets if you choose to park your money elsewhere.

Tony has been interviewed by local and national media including MoneySense Magazine, Canadian Real Estate Wealth Magazine, and Rogers TV.

Get in touch with Tony:
Facebook: https://www.facebook.com/tony.miller.16906
Facebook:https://www.facebook.com/peacetowerproperties/

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details

Understanding The Renovation Process For Investors

by | Jun 5, 2020 | , , , ,

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White Elm Design Build is a fully licensed and insured construction company co owned by Joel Wilson and Rob Lee. Joel and Rob have many years working with their own businesses, Acacia Wood Detail and Prime Time Renovations respectively. After years of friendship, working alongside each other on many projects, learning business and trade techniques from each other a thought crossed their minds – We can make this better by working together under one banner – and so White Elm Design and Build Inc. was brought to life.

Guest: Joel Wilson & Rob Lee, White Elm Design Build

White Elm Design Build is a fully licensed and insured construction company co owned by Joel Wilson and Rob Lee. Joel and Rob have many years working with their own businesses, Acacia Wood Detail and Prime Time Renovations respectively. After years of friendship, working alongside each other on many projects, learning business and trade techniques from each other a thought crossed their minds – We can make this better by working together under one banner – and so White Elm Design and Build Inc. was brought to life.

Joel & Rob have extensive experience working with investors to renovate and prepare their property. They advise clients throughout the entire process; from drawings and permits to final construction and making the home beautiful, durable and within budget.

They understand the importance of detailed and precise preparations to produce high quality and durable work that stands out. They pride themselves on their creativity, knowledge of home building and skilled approach to project management. They can see a space and make it wonderful.

White Elm can work with you to project manage or offer guidance throughout any stage of the work. We have years of experience at working with architects, working from drawings and getting the required permits to provide practical, workable solutions to your building needs.

You will learn about:
– Tips on finding reliable contractors
– Working with investors & the steps involved in providing quotes
– Things to include in contracts
– The steps and trades process for basement conversions
– How to deal with trades
– Average renovation costs
– What is the biggest bang for your buck?

Get in touch with Joel & Rob:
Website: https://www.whiteelmdesignbuild.com/
Instagram: https://www.instagram.com/whiteelmdesignbuild/?hl=en

Thank You to Our Sponsors

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

Dalia Barsoum of Streetwise Mortgages – click here for more details

Jon TenBrinke of Black Jack Contracting Inc – click here for more details

Dylan Suitor of Elevation Realty – click here for more details