Well Off Podcast

Erwin Szeto is the founder of the iWIN Real Estate, a team of veteran real estate investors, who coach investors from the Greater Toronto area how to to achieve wealth. He built his portfolio by focusing on bungalow to duplex conversions and now is exploring investment opportunities in the US Market.   On this Episode, we Discuss:  Investing Opportunities in the US market Major manufacturing companies and their influence on real estate Erwin's plans for his current Ontario properties  Risks and factors that will impact the success of entering the US market You can reach out to Erwin Szeto by visiting: https://www.truthaboutrealestateinvesting.ca/   Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

Cindy Wennerstrom, an experienced real estate investor and property consultant, offers renovation and cashflow strategies to her clients through ORO Properties. Beginning at a young age, Cindy successfully grew her cashflow and expanded her portfolio over the years. Leveraging her expertise in renovations, she crafted a stunning custom home in Mississauga, ON. On this Episode, we Discuss:  - What investing in real estate has been able to do for her lifestyle - The challenges of building her custom home - How she negotiated cash for keys when selling her property - How she built her cashflow from a young age You can reach out to Cindy Wennerstrom by visiting https://oroproperties.ca/ Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

Prior to becoming a REALTOR®, Serena ran her own brand experience agency for around 18 years. She grew the agency to ten full-time and over 2,200 part-time staff across the country. She currently focuses on working as a REALTOR® and active real estate investor. She also hosts a podcast called “Inspired To Invest”. On this episode, we discuss: - Selling her business to focus on other ventures - How networking and real estate events altered her life - Private lending - pitfalls to avoid and mistakes she’s made - Secured loans vs promissory notes and the risks associated You can reach out to Serena Holmes by email at: info@serenaholmesrealtor.com Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

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 Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

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 Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

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/ Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” __ Subscribe and review today! Youtube Spotify Apple Podcasts Instagram

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: @wello

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 b

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

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 relation

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

When you look at a piece of land, do you see potential? It's all about buying properties, splitting the land, and constructing new units for rental purposes. Quite often, the size of the lot matters less than the potential it represents. Unearth that creativity, dust off your strategic brain, tackle the process with open eyes, and who knows? You could turn something ordinary into extraordinary. If you can essentially wipe out your land cost from a new build, you're already put yourself a fair bit ahead when it comes to equity and making the numbers work. - Dan Illes Dan Illes is a real estate investor and property developer who has made a name for himself in the industry. With a background in civil engineering, he brings a unique perspective to his projects. Originally from a small town near Stratford, he started investing in real estate on the side while working as an engineer. However, it was only a short time before he realized that his true passion lay in real estate investing and development. Since the

If you're feeling frustrated and overwhelmed with your real estate investments constantly struggling to achieve the results you desire, then you are not alone!  Instead of experiencing successful real estate ventures, you may face missed opportunities, costly mistakes, and a lack of expertise in critical areas. Instead, take responsibility, don't try to do everything yourself, and pay attention to the power of a strong investment team.  Jessica Narula is an accomplished real estate investor, mortgage agent, and professional dancer. With a start in real estate investment in 2020, she has already completed four successful flips and currently manages a portfolio of ten doors. Originally from India, she moved to Canada as a teenager, giving her a unique perspective and a drive for success. Her journey as an investor began with a keen interest in the real estate market and a desire to create wealth and financial freedom.  She found her business partner through networking and attending investor meetups, and tog

Cory Froc is a seasoned real estate investor and entrepreneur who's been making waves in the industry since 2006. With a focus on residential conversions, he has recently branched out into larger developmental projects. From buying low-cost properties in unattractive neighbourhoods to managing duplex and triplex conversions in the highly sought-after Niagara area, Cory has navigated both the ups and downs of investing with resiliency.   Today, in the second significant real estate cycle of his career, this former sales executive for top-companies like H.J. Heinz and Kraft stands even more resolute, expanding his portfolio while concurrently serving as real estate investment coach.   In this episode, we discuss the following: A detailed exploration of the strategic itinerary in real estate investment. Insightful life lessons from real-life transformational property conversion challenges. How to optimize profits leveraging government programs and effective energy use. Critical role of careful budgeting and cos

Jack Bernstein is a serial entrepreneur and established real estate investor with an impressive journey rich with experiences to share. As a child growing up in Mississauga, he was surrounded the better things in life, sparking curiosity about a life beyond his own. After a short career as a professional snowboarder, he launched a startup at the age of 18. For five years, he navigated the stormy seas of business, learning and growing with each hurdle. However, it wasn't until a stint in tech sales that Jack discovered the allure of real estate. He noticed his coworkers, despite earning hefty paychecks, lived humble lives, with the bulk of their money flowing into real estate investments. This revelation was a turning point for Jack, leading him to purchase his first duplex in Oakville in 2017. Today, he has built a substantial portfolio with properties worth over $12 million. His innovative approach to real estate can be a useful learning curve for all aspiring investors.  In this episode, we discuss the

Leading a balanced life can sometimes seem like an impossible task, especially in today's fast-paced world. However, establishing harmony among different facets of life (personal, professional, physical, and emotional) can have profound benefits. It elevates overall well-being, enhances resilience in dealing with stress, and fosters healthier relationships with oneself and others. Bridging the gaps between stress, health, and well-being is the nutritionist tag team, Kirsten Colella and Eileen Fauster. Kirsten, a holistic nutritionist with a unique background in property management, embodies determination. Following a career shift eight years ago, she navigated the demanding period of final exams while heavily pregnant with her second child and has been transforming lives ever since. Eileen, her devoted partner in this journey, lends an invaluable dimension to understanding stress, its effects, and how to combat it effectively. Together, their shared wisdom promises to unlock new perspectives on managing str

Being a landlord in Ontario comes with its own unique set of challenges. From slow eviction processes to dealing with damages left by tenants, these problems can often result in significant financial losses. Kayla Andrade, my guest for this week's episode, sheds light on these issues. Kayla's journey into understanding landlord-tenant relationships started close to home in her childhood community in Newfoundland. Her early experiences living in government housing offered her a unique insight into the complexities of property management. When the property market in Ontario became volatile, Kayla sought opportunities elsewhere, even if it meant stepping out of her comfort zone. She noticed that different provinces like Newfoundland were less bureaucratically complicated and more landlord-friendly. In 2010, Kayla founded Ontario Landlords Watch, a platform aimed at helping landlords, property managers, realtors, and paralegals navigate the intricate web of regulations that govern property ownership and tenancy

Seif El-Sahly is a self-made entrepreneur who has breathed new life into over 150 units in three years. Born in Abu Dhabi from a family of engineers, he sailed into the Canadian construction industry in 2006, and in just a decade, he went from being an employee to running his own construction company.  His hands-on approach is rooted in an eye-opening experience in 2016 when he took over an abandoned renovation job and turned it into a showcase of his organic learning. Seif's massive leap from a solo operation to leading a team of professionals in under four years shows his prowess in the field.  In this episode, we discuss the following: Transitioning from employment to construction entrepreneurship. The crucial role financial stability and credit status play in the entrepreneurship journey. Secrets to forging long-lasting relationships with subcontractors in the construction industry. Unfolding the myriad options and pivotal considerations before venturing into building garden suites. The code on the t

To solve the housing issues faced in Canada will require innovation. Our guest this week, Ben Julius, approaches the challenges of land use and best building use with a creativity that sees a 91 lot land development turn into 132 lots and unit space for 1200 square foot apartments turn into two apartments leveraging technology.  As an active real estate developer and founder of Lionheart Development, a thriving land development company based in Southern Ontario, Ben is the go-to guy for liaising between planners, construction companies, and municipalities looking for more affordable housing options.  His journey into real estate began in 2017 when he successfully joined multiple parcels of land and managed to rezone a property from housing 91 units to a whopping 132 units. His distinct approach has seen him oversee projects with impressive assets under management of $200 million.  In this episode, we discuss the following: From Ben's professional basketball coaching experience, discipline and adaptability

Darren Voros is a seasoned real estate investor and developer with an innate grasp of the intricate dynamics inherent to property investing. His trajectory is as remarkable as it is unique, transitioning from a globetrotting musical theatre luminary to an adept and hands-on real estate magnate. From his formative years gracing stages worldwide to orchestrating the management of a robust real estate portfolio valued at $30 million, his narrative resounds with echoes of passion and unwavering perseverance. As a self-made entrepreneur who has meticulously cultivated over two decades of investment acumen, he exemplifies resilience and unyielding entrepreneurial zeal.  In this episode, we discuss the following: Secrets to prosperous real estate development. Strategies to increase your revenue and minimize loss in real estate investments. Benefits of adding garden suites and laneway suites to your property. Potential impact of legislative changes on the multi-unit properties. Strategic property additions and c