Ep.24 – Building Secondary Suites – Turn Your Single Family House into a Real Money-Maker with Rob Break

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn Rob’s strategy in real estate investing: creating a legal secondary suite and refinancing the property and potentially pulling your initial capital investment back out and ‘recycling’ it into the next property
  • Discover how Rob started from flipping houses to doing purchasing sale agreement or wholesaling then ended up focusing on turning single-family homes into multifamily homes by adding a legal basement suite
  • Learn from Rob why finding houses where you can create a legal secondary suite is more profitable than house flipping or wholesaling

 

Resources/Links

  • Podcasting with Breakthrough Investor/Agent Rob Break: Check it out here

Summary

Rob Break is a visionary and entrepreneur in the world of residential investment real estate. Rob has an impressive history as a wholesaler and his investment podcast has helped make him a very respected real estate authority. Canadian Real Estate Wealth Magazine recently recognized him for his savvy. 

In this episode, Rob tells us how he accidentally got into real estate investing, how he started in flipping deals and why he is not doing that now. He will also discuss wholesaling, the difference between a realtor and a wholesaler, and the advantages of creating a legal basement suite and how it is possible to pull out 100% of your down payment as a cashback. 

Topics Covered:

1:18 – Rob’s backstory and how he got started on the real estate investing
3:23 – Rob tells how things progressed, how he got interested in flipping houses but ended up flipping the purchasing sale agreement which is otherwise known as wholesaling
5:36 – Rob explains why people get interested in doing wholesaling and tells us the key to doing it
8:27 – He explains why he is now against house flipping and recalls the time he did it and regretted it
9:37 – Rob tells us why long time investment is where he wants to be and why he ended up looking for properties where he could have a legal basement apartment to it
11:18 – Importance of the legalities of the suites and why it is safer and far from liabilities
13:37 – Rob shares his view on rent to own type of deals and the investors
15:20 – How he managed to pull 100% of their down payment and get a rental cashback
16:03 – He tells us the things he would do differently if he could do everything over again: the deals he passed on and the things he should focus on more
17:45 – Rob tells us about his podcast, Breakthrough Real Estate Investing podcast and what it is all about

Key Takeaways:

“We try and dig deeper into things as much as you can. I mean it’s pretty tough to, a lot of people complain that they don’t get all the answers but you can’t even get the answers in three-day seminars or two-year courses. It’s an ongoing learning process and that’s we’re trying to do every day.”– Rob Break

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Ep.23 – How to Create Lifetime CashFlow Through Multifamily Properties with Rod Khleif

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What you’ll learn in just 17 minutes from today’s episode:
  • Comparison and contrast, the advantages of multifamily properties versus single family properties 
  • Discover how to create lifetime cashflow through multifamily properties 
  • Learn how psychology and having the right mindset helps achieve success in real estate investing

 

Resources/Links

  • Join Rod Khlief’s Multi-family Bootcamp:Create Lifetime Cash Flow Through Multifamily Real Estate: Click Here

Summary

Rod Khleif is a very experienced real estate entrepreneur. He immigrated from Holland, Netherlands to the United States when he was just 6 years old. He got interested in the real estate industry when his mother bought a house and earned $20,000.

He got his real estate broker license and started investing when he was 18 years old. Since then he has owned and managed over 2000 properties, all the way from single family homes to large multi-family complexes.

In this episode, Rod tells us how he got successful in the real estate industry by just having the right mindset and psychology. He also explains why multifamily properties are much better and much profitable than single-family properties. He’ll also reveal the strategies he made to achieve his formidable success.

Topics Covered:

1:45 – Rod’s backstory, how he got interested in the real estate industry
3:09 – The power of mindset and psychology to succeed in life
4:20 – The mission of his podcast Lifetime Cash, the opportunities of multi-family properties
5:35 – The problem he encounters with his single-family portfolio
8:25 – Comparison and contrast, the advantages of multifamily properties versus single family properties
10:07 – Advice for someone who is just starting in the real estate investment career
10:48 – Why it is easier to do commercial, five units or higher deals
12:10 – How to build competence in the business
14:40 – How to get on the right mindset
16:00 – The power of visualization: How having pictures of his goals helped him get in the right mindset

Key Takeaways:

“You got to know exactly what you want and why you want it. So it’s not just writing your goals down, it’s taking your goals to a whole another level.”– Rod Khlief

 

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Ep.22 – Interview with ‘The Deal Maker, Rent-to- Own King’ Jon Simcoe

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn Jon’s strategy in real estate investing especially on rent to own deals
  • Discover how Jon adapted to changes in the economy and how you can learn from his experiences to be successful in real estate investing, even in a down market.
  • Learn Jon’s shortcut on making it in the real estate business.

 

Resources/Links

  • Join Jon Simcoe’s Free Rent-to-Own Training: How To Make Big Money From Rent-To-Own, Without The Headache Of Tenants And Toilets. Even In Declining Markets! Click Here

Summary

Jon Simcoe is a very astute young real estate entrepreneur and he’s been in the real estate game for quite a few years now. Jon is one of these guys that just takes the bull by the horns and goes for it. He started in the by doing single family home deals, and gradually ended up focusing a lot on rent to own deals and has become known as Canada’s rent to own king.

In today’s episode, Jon tells us how he got involved in real estate investing and why he chose to quit his job and focus on real estate full-time. He will also share his strategies on raising capital (he’s raised over $30M so far), and his steps to successful joint venturing with his investor partners.

Topics Covered:

1:40 – Jon’s backstory and how he got involved in real estate investing
4:09 – Why he quit his day job and focused on rent to own deals
6:15 – His advice to his younger self
8:28 – Tips on finding money partners and raising capital for deals

11:45 – Jon describes the ideal people he wants to partner with
16:50 – How to shortcut your way to start the real estate investing business

Key Takeaways:

“I use a little systems things in my phone to remember who they are obviously some people are gonna stick out with you more as your doing it. You always want to make that person feel special every time you talk to them.”– Jon Simcoe

“Having the right type of follow up system and warming them up with a warm-up campaign, I think that’s probably the best way to get people started, to see you as a little bit more professional, so like when you do present a deal to those who are interested, that you already have a little bit of a head start.– Jon Simcoe

 

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Ep.21 – Does Wholesaling Really Work Long Term with Dave Dinkel

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What you’ll learn in just 17 minutes from today’s episode:
  • Discover the power of the wholesaling as your personal blueprint to becoming a successful real estate investor
  • Learn from Dave’s real estate wholesaling techniques in negotiating deals for bigger profits
  • Discover how wholesaling approach can lead to short AND long term profits from real estate

 

Resources/Links

  • Get a Free copy of Dave Dinkel’s e-book on Realtors Morphing into Real Estate Wholesaling Using No Money or Credit. email: DaveDinkel@gmail.com and ask for “Hybridism Course”

Summary

Dave Dinkel began his real estate investment career in 1975. He started as a real estate rehabber and progressed into being a real estate wholesaler. As he began to expand his real estate investing, he became well known for using his real estate knowledge as a real estate expert.  He was a natural real estate trainer and within a few years started a real estate mentoring program that is considered by many real estate investors as the most successful program in the country.

In today’s episode, Dave talks about how he started wholesale investing in real estate. He shares the importance of the wholesale approach in terms of profits margins and shows his techniques and tips for negotiating for wholesaling (and that’s the key to making money with this strategy).

Topics Covered:

01:38 – Dave’s backstory, how he entered into the world of real estate investing, his definition of Wholesaling and his transition from real estate rehab deals

05:00 – How he started and came about into wholesaling mode and their technique of negotiating for bigger profits

06:55 – The difference between assignments and wholesaling in profit margins

07:45 – The 3 things Dave do if he will start all over again given with his knowledge now

09:06 – Biggest mistake new investor make when they get started in real estate investing

10:35 – Dave describe the ideal investor that he likes to work with and the problem he solved with newbie investors

11:50 – Dave’s valuable free action: Interview your coach. In other words, instead of going into a meeting and having two hundred people in a room rushing to the back and so on and so forth, if you can’t talk to the mentor or coach something is wrong because he is the one should be guiding you not somebody else out of another city that wasn’t successful in their own right. This is a serious game once you know how to play it, it’s amazing.

12:41 – How wholesaling can hold on into long term wealth creation in terms of creating passive income

Key Takeaways:

“Wholesaling is putting a property under contract and reselling the property.”– Dave Dinkel

“The key to our success in wholesaling as I tell my students, the bigger your buyers list the more money you’ll going to make.”– Dave Dinkel

“The trilogy of truth: I am fearless, no more excuses and It doesn’t matter.” – Dave Dinkel

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Ep.20 – Cal Ewing: US Real Estate Investing…with A Canadian Twist

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn Cal’s top strategy in real estate investing: choosing locations that make the most economic sense and using strategies that have the best profit potential  
  • Discover the services that Cal is offering for others to help grow personal wealth through real estate 
  • Learn why Cal considers acquiring investment properties at deep discounts in Houston, Texas his top market strategy 

 

Summary

Cal Ewing grew up in a cattle ranch in Calgary, Alberta, Canada.  He pursued his dream of joining a rock band as a successful and professional electric guitar player, but it ended when he read his life-changing book, Rich Dad, Poor Dad.  It shifted his focus, and so he decided to get a degree in Geology at the University of Calgary and eventually got a job in an oil and gas company in Texas.  The book also sparked his interest and passion in the real estate industry.  He got himself educated in real estate investing by reading lots of books and decided to go full time in the last three years. 

In this episode, Cal shares what made him pursue a real estate career and why he decided to invest in the United States market instead of in his hometown in Canada.  He’ll also reveal the strategies he made to achieve his formidable success and the services he offers in helping others grow their personal wealth through real estate. 

 

Topics Covered: 

01:14 – Cal’s backstory and how he ended up in the real estate industry 

03:24 – What made him invest in real estate in the United States 

04:34 – Brought his first property in 2009-2010 and how the progress of his investments turned out 

05:08 – His advice for his younger self 

07:33 – The most significant mistakes other real estate investors are making 

08:44 – Strategies on wholesaling properties  

13:03 – Why he chose to invest in Texas  

15:08 – Services he offers: (1) Building a course to help Canadian investors to learn how to invest in the United States; (2) A private lending training course to learn how to grow retirement savings accounts and grow wealth through lending on real estate 

16:57 – Connect with Cal via his website and Facebook 

17:19 – Advice for a Canadian who wants to invest in the United States –
A good cross border accountant and a good real estate attorney in the market that you’re in and that’s all you need to get going. 

 

Key Takeaways: 

“Pick a strategy.  Pick a market. Because every market is different. Every market has its challenges that you’re going to learn and overcome no matter where it is and just go. And the more you go and the more you do, that snowball starts slowly rolling, and you build that momentum and coincidences happen and you meet the right people, and then you’re off.” – Cal Ewing 

 

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Ep.19 – An Epic Moment In Real Estate Investing with Rochelle Laflamme and Alisa Thompson

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What you’ll learn in just 17 minutes from today’s episode:
  • How Rochelle and Alisa use their knowledge, systems and their partners capital to find opportunities others miss through passive real estate investing
  • Learn what creative financing is all about and how this out of the box strategy became the tool for multi-million dollar investment deals that Rochelle and Alisa oversee today
  • How Rochelle and Alisa help their partners achieve the freedom and comfort provided by the steady stream of growth and income provided by wise real estate investing

Summary

Rochelle Laflamme and Alisa Thompson are a dynamic pair of real estate entrepreneurs. After gaining years of experience in the electrical industry, 6 years ago they founded Epic Alliance Inc. With a mission to simplify and streamline the residential real estate investing. The company was awarded the “Most Creative Deal of the Year” in North America by Fortune Builders in 2016. Learning from some of the best real estate mentors, including Rich Dad coaching and Fortune Builders has been the founding pillars of what these EPIC women do and believe in. From humble beginnings, Epic Alliance Inc. has grown into the company it is today. With a residential real estate portfolio that controls more than 140 properties worth over 32 million dollars and adding more every day. Epic Alliance Inc. is exceptional at leveraging their knowledge, expertise, and creativity to facilitate win-win opportunities in residential real estate deals.  

In this episode, Rochelle and Alisa share how they use their expertise and experience in the world of real estate investing to partner with people interested in using passive investment strategies to generate wealth and income.

Topics Covered:

2:20 – Rochelle shares their non-conventional backstory: female electricians that ‘met in prison’, and how this started them down a path that would change their lives forever

04:07 – Alissa discusses their bread and butter: positioning themselves to be residential real estate problem solvers, then narrow it down to working with “buy & hold” and “flips”

04:29 – What is buy and hold strategy is all about for the seller’s market and the buyer market

06:22 – Alissa talks about their team composition at Epic Alliance Inc.

07:42 – Alissa and Rochelle on what they would do differently if they will look back on how they started in real estate investing

08:57 – Rochelle and Alissa on the biggest mistake they see other investors make when they get started

12:02 – On how they will invest in a house, ‘the sweet spot’

Key Takeaways:

As a real estate investor you’re great being an entrepreneur, you’re great at seeing what the properties are, what you can do with them,you’re not the greatest at the paperwork. And so, you know, why bang your head against the wall just bring somebody in that’s amazing at bookkeeping and you will be able to go so much further don’t try to wear too many hats. For me, I think my biggest take away is making sure you align yourself with people who have  the same morals and principles and integrity that you do.” Rochelle Laflamme and Alisa Thompson

Connect with Rochelle Laflamme and Alisa Thompson

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