Ep.135 – Rent to Own in Real Life with Kevin McHardy

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What you’ll learn in just 17 minutes from today’s episode:
  • Find out the investment strategy that has given Kevin steady cash flow and an appreciation advantage with the property 
  • Learn about the benefits of focusing on rent-to-own properties 
  • Find out the pitfalls you should avoid in dealing with a rent-to-own investment strategy

Resources/Links:

Summary: 

For the past 10 years, Kevin McHardy has built a steady love for real estate through focusing completely on relationships. Whether it’s helping families proudly move into their first Rent-to-Own home, or reporting significant returns to their growing team of investors, or learning from like-minded leaders in the industry, it’s the people that make his work matter. 

In this episode, Kevin shares about his rent-to-own investment strategy and how he structures deals around them. Creating benefits for both the investor and the tenant-buyer at the same time, and taking the worries off of the property management, as it is taken care of by the tenant. 

Topics Covered: 

00:57 – How he transitioned from an airline pilot to real estate investing 

01:42 – What is a rent-to-own investment strategy and how does he structure deals of this type 

04:33 – Giving an idea of what a wholesale version of rent-to-own is 

07:15 – Benefits for tenant-buyers for doing ren-to-own 

09:48 – Advantages to rental operators of rent-to-own properties 

10:47 – Price points consideration of properties in the area he is focused on and its typical terms 

11:52 – What rental cash flow difference you get doing the rent-to-own versus having the house as a rental property 

13:24 – What are the dangers of the rent-to-own strategy 

16:56 – The advantage of getting outside credit coaches 

Key takeaways: 

“The benefits for tenant-buyers of our program is, they’re picking the house and we’re buying it right for them, they’ll know their set purchase price. That’s a great scenario and the rents won’t increase.” – Kevin McHardy 

 “As a rental operator the benefits for us would be obviously great, great, great returns of monthly cash flow is a big one and also the sale price so there’s a good amount of built-in appreciation so we know the sale price at the end” – Kevin McHardy 

“We’ve got a third-party company work outside of our mortgage. Depending on their credit score (tenant-buyer), we’ll set them up and we’ll build that cost into the programs to help them out to really make sure that we can achieve the homeownership at the end.” – Kevin McHardy 

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Ep.134 – Replace Your Income with Tyler Soulliere’s BHIR Strategy

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn what a BHIR strategy is and how to fully leverage it 
  • Learn how to buy turn-key properties, increase the value and sell them for higher returns 
  • Learn how to find capital for your deals without digging into your own pocket

Resources/Links:

Summary: 

Tyler Soulliere is the President and Founder of TySoull Investor, which invests in Real Estate in the Windsor and Essex County Area in Ontario, Canada. They specialize in developing properties in Windsor, and Tyler is the CKO of TySoull Educator, a company that teaches others how to invest in real estate. 

In this episode, Tyler shares his real estate strategy that provides cash flow throughout the years; How to increase the value of your property over time and sell it for higher profits.

Topics Covered: 

01:10 – How he started out in real estate and what his main focus at this time 

03:31 – How he focuses on being a realtor and real estate investor-entrepreneur 

04:10 – What properties are giving him the cash flow these days 

06:10 – The highs and lows of flipping properties 

08:29 – What is a BHIR method strategy he’s focusing into now 

12:14 – On being named the Canadian Real Estate Wealth magazine investor of the year a few years ago 

14:59 – How he gets capital for his deals 

Key Takeaways: 

“As I kept flipping a couple of properties here and there, I started looking at the bigger picture, why always depend on a big payday when I could just slowly get out of the solid real estate to then have passive income from rental properties.”  – Tyler Soulliere 

“If you keep flipping properties, it’s not really a passive income, it’s always active.”  – Tyler Soulliere 

“If I can increase the income, I can increase the value and that’s kind of my strategy. I actually called it the BHIR method, the Buy, Hold, Improve, and Refinance method.”  – Tyler Soulliere 

“Because I found renovating any properties expensive, contractor. trades, labor materials are all getting more costly. So, then I look for this kind of almost hidden gems that I don’t need to do any work, they’re turnkey when I buy them.”  – Tyler Soulliere 

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Ep.133 – Women Real Estate Investors on FIRE with Tahani Abunareh

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn about how she started from scratch and rose to become a multimillionaire in real estate 
  • Find out about the advocacy she founded to help women create wealth 
  • Find out her main investment strategy that is credited for her real estate success

Resources/Links:

Summary: 

Tahani Abunareh is a best-selling author, serial entrepreneur, and real estate mogul (investor and coach). Tahani is now trailblazing a new legacy project, the first of its kind in North America called F.I.R.E, Females in Real Estate. In addition to a wider free Facebook community for women, F.I.R.E. is a movement designed for women who want to build financial independence through real estate. Tahani believes every woman deserves the right to feel financially secure and independent, and she is on a mission to champion as many women as possible.  
 
In this episode, Tahani shares her real estate journey all the way from having nothing to becoming the multimillionaire real estate mogul that she is today. She talks about her advocacy for helping create wealth for women as she believes women have what it takes to bring impactful contributions to the real estate world.

Topics Covered: 

02: 30 – How she got into the real estate space 

03:42 – From a realtor to a real estate investor 

05:06 – Her primary investment strategy 

05:37 – The primary market she’s focusing on 

06:06 – What is this Fire Movement that she started on 

09:23 – Lessons learned from helping other people 

10:21 – Talking about the real estate book she wrote about 

11:29 – What she thinks are the challenges facing women today 

13:28 – What women bring to the whole formula of real estate investing 

Key Takeaways: 

“I focus mostly on adding a second suite house where I bought, I fix them, but not a flip. But we add some second suites and then we just going to rent them and sometimes on odd times we flip.” – Tahani Abunareh 

“Fire movement, it’s a real estate for women where I get together with women, where I teach whoever wants to learn, they can come in and I’m willing to help them learn and I teach them.” – Tahani Abunareh 

“It all really stems from the belief that if you can help more people, that people will push you and will lift you up as well. And that’s what happened to me is like, I had it, I just wanted to help my clients and the more I helped, the more I got helped.” – Tahani Abunareh 

“The challenges that women face is, it’s right here in between their heads because it truly is them believing. If you believe that this is something that you really, really want, you’ll find a way to make it work. And if you believe it’s going to be too hard, then it’s just an excuse. Because even if it’s too hard, there are others who have already paved the way. You just have to ask questions.”  – Tahani Abunareh 

“Women bring something different to the table. That’s what I love about it. They bring in a lot of amazingness into the whole formula of real estate investing.” – Tahani Abunareh 

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Ep.131 – Pre-Construction Condo Investing with Mitch Parker

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn and understand how preconstruction condos work from an investor, buyer, and developer’s point of view 
  • Learn how to leverage from purchasing pre-construction condos 
  • Find out the pitfalls when diving into this investment strategy so you are forewarned at the onset

Resources/Links:

Summary: 

Mitch Parker is an energetic and passionate, real estate sales and investment expert. He is the Vice President of Sales and Marketing with Hersh Condos; a real estate brokerage specializing in marketing and selling some of the top new developments in the Greater Toronto Area. He’s been investing in real estate since 2006 and has transacted hundreds of millions of dollars of property for both clients and himself while becoming a go-to media expert featured on Canada Am, CTV, SiriusXM, Toronto Sun, Huffington Post, and more.

In this episode, Mitch shares what goes into the whole process of preconstruction condos, the timeframe with which it can be livable from inception. Basically, he walks us through strategies in which you can profit from these properties while under construction and during the time it’s ready for occupancy, while also sharing potential disadvantages of this type of investment strategy. 

Topics Covered: 

01:16 – What is a pre-construction condo 

03:08 – From student housing how did he transitioned to pre-construction condos 

05:40 – What goes through when you are ‘assigning a property’ in pre-construction condos 

07:30 – How long is the property livable from inception 

08:38 – As a buyer, how much do you put up as down payment 

10:09 – Timeframe with which you fully pay your down payment 

11:29 – How do developers profit from this whole pre-construction condos 

13:43 – What are the disadvantage of this investment strategy 

Key Takeaways: 

“Originally, I was selling homes, I was selling condos. And then I love business. I love the scalability of a business. So, selling buildings allows me to do that where you can come in some days, we’re selling like 120 to 150 condos in one day.” – Mitch Parker 

“With pre-construction condos, if you can assign it down the road and make a fortune, that’s awesome. But you have to have that plan B, where you’re going to close the property, put a tenant in also, and sort of ride it out until the values are stabilized. At the end of the day, that’s really how you build wealth, by keeping the properties, paying down the mortgage, or having a tenant pay down the mortgage. And I think you thank yourself at the end of the day for it.’  – Mitch Parker 

“Typically, a deposit structure would be like 5,000 on signing, balance, 5% in 30 days, and then your next 5% might come six months down the road, and then you might have another five for a year and a half down the road. So, it’s staggered out pretty well which is one of the nice advantages of doing it pre-construction condos.”  – Mitch Parker 

“And from a developer’s side, they’re putting up their own capital, they’re investing their time into it, you’re into hundreds of millions of dollars with these things. They do get paid well, for sure. But I would say it’s a direct correlation of the incredible risks that they take as well.” – Mitch Parker 

“You always want to be working with a developer that has done it before and has built that kind of product before. You know a lot of headlines have come out about projects that are not getting built. And I think that’s probably the biggest risk, but typically, buyers are protected. The money that you put in a deposit goes into a lawyer’s trust account.” – Mitch Parker 

Some people like buying houses because they ultimately have the control of what they can do with the property, and with condos, you own a box in what is one of many, so you’re a little bit restricted. So, I think condos have to be your style and it has to be what you want to invest in. But it comes down to personal preference at the end of the day.” – Mitch Parker 

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Meet Your Host

Dave Dubeau is a professional real estate investor, a best selling author and a highly sought after trainer and consultant.

Dave understands that over 80% of Real Estate Entrepreneurs get stuck with 3 or less properties in their portfolio. They want to grow it more, but they don’t know how to attract investors and raise capital, which is why he has decided make helping frustrated, Capital-strapped Real Estate Entrepreneurs his life’s work.

Dave is also the founder of the first and only done-for-you investor attraction marketing service for Real Estate Entrepreneurs in the world . . . The Money Partner Formula™

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