Ep.42 – Breaking the Code on Multi – Family Investing with Pierre – Paul Turgeon

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What you’ll learn in just 17 minutes from today’s episode:
  • Find out how to grow your portfolio through multifamily investing
  • Know how you can make that jump with raising capital from just a hundred thousand all the way up to millions, without going into debt
  • Learn the advantages of multi-family properties over other real estate strategies

 

Summary

Pierre-Paul Turgeon is one of Canada’s leading multifamily investing authorities and a former CMHC multifamily underwriter. He is also a successful multifamily investor with a portfolio of 160 doors worth over $22M while at the same time being a national coach, speaker and trainer in this subject.

In this episode, Pierre-Paul shares value-packed info about investing in multi-family properties, how to go about earning more and lowering operational expenses, picking the right size properties that will give you maximum income and why multi-family investing provides you with a quick wealth multiplier effect.

Topics Covered:

01:07 How he got involved in real estate

04:51 What are the advantages of multi-family properties over other strategies

10:17 Which property size would give you the most income

11:56 Is it possible to scale up without going through the baby steps

14:57 How does he see people just starting out raise capital of million amount without getting into debt

Key Takeaways:

“So the bigger, the better. This being said, beggars can’t be choosers. There’s always an opportunity cost. Even a small 10 sweeter will make you money. Just sit on it long enough and you’re in a reasonable market. You’ll pay your principal down and the property will appreciate, then you’ll get a bit of  cash flow and you’ll always make money. But the more units within the building, the more money you make. There’s no doubt about it.” – Pierre-Paul Turgeon

“Apartment buildings are a lot less labor-intensive because when you crunch the numbers, you got two operating expense items, one for a professional property manager and one for the onsite manager. So they’re the parties that handled the hassle of being a landlord. All right, so more, more time to myself.” – Pierre-Paul Turgeon

“To me, real estate investing is like a recipe and you can have a fairly predictable outcome as long as you really do your homework and do your assessment and evaluation of the asset of the market and all that.” – Pierre-Paul Turgeon

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Ep.41 – Canadian Investing Strategies that Actually Work Time and Time Again with Nick Karadza

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn about the time-proven marketing strategy to employ in real estate
  • What strategies to using to ensure that you are investing right
  • What to consider when you get into buying revenue properties

 

Summary

Nick Karadza started investing at 21 and built a real estate training company and brokerage focused on working with investors called Rock Star Real Estate, which has helped investors acquire over 1.4 billion dollars in real estate investment properties.

In this episode, let’s listen to Nick as he tells us the do’s and don’ts of investing. Learn nuggets of wisdom that he’s discovered along the way that I’m sure will do you good, too, as you navigate your own real estate investing business.

Topics Covered:

01:09 – From a government employee to a real estate investor

03:00 – His buy, hold and own assets type of real estate strategy

07:31 – His thoughts about finding good deals and marketing and motivated sellers

09:53 – Nick talking about where their good deals are coming from 

11:50 – What does newbies or start-ups wrongly and usually fall into and what’s the best thing to do

17:30 – Why the need for a support system and following a proven path

Key Takeaways:

“Put a stake in the ground and then go reach it instead of just going saying, well I don’t know, like real estate.Understand what you’re doing and understand if that particular investment that the property and the strategy you’re choosing to use is actually going to get you one step closer to where you want to be.” – Nick Kadraza

“There’s value to figuring out what works for you and then just plodding away at it. It’s not sexy. It doesn’t make good for social media posts cause you’re doing the same thing over and over again. But man, if you figure out something that works for you and you can create repeatable results for yourself, why fix what ain’t broke, right?” – Nick Kadraza

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Ep.40 – The Mindful Landlord with Terrie Schauer

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What you’ll learn in just 17 minutes from today’s episode:
  • The ins and outs of residential rental investment
  • Profiting from land lording the peaceful way
  • How to treat your tenancy like it is a real business

 

Summary

Terrie Schauer is an investor, property manager and broker. She has worked in Real Estate for over 20 years. She’ s recently authored the book, Mindful Landlord, which looks at how to run rental property for profit and peace of mind For Terrie, investing in real estate is not just about the money, it’s about financial freedom as a way of life.

This is what inspires Terrie to manage properties for others, as well as to help other real estate investors to create more time and more freedom.

In this episode, learn Terri’s tactics and strategies that have created long-term profitability from real estate, spanning decades.

Topics Covered:

01:14 – Sharing  about her life as an athlete and what particular sports she’s into

01:57 – Winning a pretty impressive title in athletics

02:44 – Her accidental foray into real estate

03:40 – Buy and Hold as Terry’s real estate strategy

04:19 – Talking about her forte, multi-residential property homes

05:32 – What her book is all about

07:54 – What is “nickel and diming” 

09:50 – Her thoughts on “giving them an inch and they are taking a mile”

13:56 – Book alert: Mindful Landlord: How to Run Rental Property For Profit and Peace of Mind by Terrie Schauer

Key Takeaways:

“The book is marrying a little bit of my own mindset journey with some of the nuts and bolts stuff that you need to succeed in investing. As time goes on, I have observed my way of doing business changing and also seeing some mistakes and pitfalls that the investors that I managed properties for run into.” – Terrie Schauer 

“I’m a big believer in personal responsibility and I always try to make my tenants sort of as responsible as possible. And that even happens in the way I communicate with them.”– Terrie Schauer 

“Treat your tenancy like your management as if it’s a business.If you only have one condo, it’s not like the tenant needs to know that, right? Like you can say it’s our policy to do this.” – Terrie Schauer 

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Ep.39 – Real Estate Side Hustle with Bigger Pockets CEO Scott Trench

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What you’ll learn in just 17 minutes from today’s episode:
  • How to earn more in real estate investing than in the stock market
  • How to leverage SO MUCH more from a single-family home 
  • What is house hacking and the different ways to do it

 

Summary Scott Trench is the  CEO of BiggerPockets.com, the largest real estate investing network on the internet. He’s  also a personal finance nerd an author of “Set for Life” and host of The BiggerPockets Money Podcast, a real estate agent, and a real estate investor of which he currently owns 8 units across three properties in Denver, Colorado. In this episode,Scott shares his real estate investment hacks to grow your portfolio and generate income passively, if you are a newbie at real estate, check out all the different strategies he has for start-ups.

Topics Covered:

02:05 – His thoughts on real estate as a passive side hustle

03:09 – Book alert: Set for Life: Dominate Life, Money, and the American Dream By Scott Trench  05:35 – How he got interested in the concept of financial freedom

08:26 – How to earn more in real estate than in the stock market

10:57 –  How to moderately leverage on your real estate investment 12:06 – What is house hacking

14:07 – Leveraging on a single-family home real estate 15:56 – Ways on how you can house hack your own residential home

17:18 – What to look forward to in Scott’s biggerpockets.com website

Key Takeaways: “ I love and have been friends with many different investors who are, ‘Hey, this is my business. This is full time. I am, or I’m aggressively pursuing real estate with the intention to make it my full-time thing’. But I think it’s also a very viable approach for someone like me who’s got a full-time job that’s not real estate investing and still intends to deliver significant returns and excess of alternatives like stocks or other different asset classes through privately held real estate that I own and control.” – Scott Trench

“My philosophy around this is ’I’m going to buy consistent properties and I’m going to keep them reasonably leveraged  but make sure that I have strong cash flow and a strong cash cushion to fall back on’.” – Scott Trench

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Ep.38 – Investor Financing Secrets with Dalia Barsoum

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What you’ll learn in just 17 minutes from today’s episode:
  • Why planning ahead when it comes to your financing strategies is vital
  • Learn about the key financing strategies before diving in
  • Learn how to attract money partners, raise capital and stay out of trouble with securities commission

 

Summary

Dalia Barsoum is a multiple award-winning Mortgage Broker, Real Estate investor and finance adviser with over 20 years of experience in the banking sector, spanning: Wealth Management, Lending and Real Estate. Dalia holds an MBA in Finance from Dalhousie University and is a Fellow of the Institute of the Canadian Bankers Association.

In this episode, Dalia shares the nitty gritty side of financing and do away all the challenges that comes with it. Learn the strategies required in order to grow your portfolio, as well as getting tips on how to deal with and approach the right people to help you with your investments.

Topics Covered:

01:06 – Book alert:  Canadian Real Estate Investor Financing – 7 Secrets to Getting All the Money You Want by Dalia Barsoum

01:34 – How she got into being a real estate investor and eventually a mortgage broker

02:48 – About being a buy and hold investor

03:50 – Mistakes people commonly commit when investing in Real Estate

04:53 – The Pitfall of not planning ahead especially when it comes to financing

05:51 – The challenge of financing and how to do away with it

07:56 – About her having a great grasp on the numbers and financing guidelines and ability to structure deals

08:39 – How to spot a good deal

12:35 –  How to attract potential investors and raise capital for joint ventures

14:34 – Talking about pre-qualification requirement for clients and potential investors

17:28 – Discussing the confidential matters in financing

19:27 – Where their business is based

Key Takeaways:

“What I find helps everyone, not just clients, is surrounding yourself with people who have been in the same position, who have the experience to actually bring value to the table. When I started investing, it’s helped me tremendously to have the right coach by my side, the right realtor by my side who knew the local market, who knew what’s gonna rent for, what the vacancy rates are, what is a good tenant, what’s a bad tenant.” – Dalia Barsoum

“Definitely everyone is going to eventually run out of their own capital to invest and raising capital becomes a very important topic. So, from a financing standpoint, what I typically advise clients off, if you have a joint venture partner that is coming to the table to invest, it’s really important, first of all, to know what they’re capable of from a financing standpoint before you go shop for a deal. So they go through the same process that we take clients through in terms of planning the financing roadmap for that JV partners.” – Dalia Barsoum

“Sometimes clients rush into forming a corporation, but everybody on the corporation and you get a group of three or a group of four investing together, which really, really complicates financing from a residential standpoint. Commercial is not a problem, but residential becomes complicated. Before clients rush into, you know, these types of strategies again, I would suggest you talk to a mortgage advisor and say, okay, who are the best people to really go on this deal from a financing standpoint? How can we make our deals going forward, simple and most attractive to the lenders. So putting everybody on a deal because they’re a JV partner, doesn’t really make sense all of the time. Sometimes it complicates things significantly.” – Dalia Barsoum 

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Ep.37 – Leap Frogging into Multifamily Properties with Michael Blank

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What you’ll learn in just 17 minutes from today’s episode:
  • How to raise capital without using your own money 
  • Why multi-family strategy lets you quit your job 
  • What is in it for you with multi-family investment 

 

Resources/Links

themichaelblank.com

Summary

Michael Blank is a leading authority on apartment building investing in the United States. He’s passionate about helping others become financially free in 3-5 years by investing in apartment building deals with a special focus on raising money. 

In this episode,Michael walks us through the exciting income-generating world of multi-family real estate. Be awed at his expertise, beginning from when you are a start-up up to the time you want to scale up and diversify your portfolio.

Topics Covered:

01:30 – How he got into Real Estate

03:09 – How many deals to have as a start-up to completely give up one’s job

04:34 – The wrong notion people get about multi-family properties

06:41 – Talking about his system for getting started with multi-family properties

08:02 – Thoughts on investing outside of your backyard

08:35 How to raise capital for real estate business

12:11 – How he got and when did he get into multi-family properties

13:31 – What one  strategy did he use in helping his clients

14:15 – Free E-book: How To Raise Money to Buy Your First Apartment Building.

Key Takeaways:

“So the biggest mistake people make is that they dismiss multi-family as an advanced strategy that they will get to after a decade of single-family house investing. After having saved up a bunch of money, they will then graduate to multi-family and it’s just not true.” – Michael Blank

“The first thing is you do have to educate yourself, to some degree. And I think at one point you have to start investing in yourself. But there’s a lot of free resources out there as well where you can actually educate yourself for either free or very little money. But you have to educate yourself a little bit because you have to appear knowledgeable and confident when you’re talking to other people.” – Michael Blank

“And my other advice is not to go out and raise money. My advice is to simply share your enthusiasm with people in an intentional way.  – Michael Blank

“..clarity allows them to be very, very clear on what action to take because someone’s very clear on something. It’s very easy for someone to take action versus someone who is not clear on what they want. It’s a wishy washy thing and they might take some action here and my take some action here and nullifies what they did over here or a complete inaction. So clarity is really important.” – Michael Blank

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