Ep.153 – CDN Lawyer in the USA for Real Estate with Lauren Cohen

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What you’ll learn in just 17 minutes from today’s episode:
  • Find out the important steps when investing cross border in the US and Canada to put you in a better tax situation
  • Find out which kind of visa you need to apply for to allow you freedom of movement between two countries as you invest, live, work, and play in the US
  • Learn about why you should shop for value instead of price when hiring a cross-border lawyer

Summary: 

Serial entrepreneur Lauren Cohen is an International Lawyer, Realtor, and Cross-Border Expert. Lauren is also a best-selling author and sought-after speaker. Lauren is the only globally-acclaimed legal and real estate business advisor.

After experiencing her husband’s deportation on the return trip from their honeymoon, Lauren was devastated. She felt compelled to find solutions for herself and others, and strongly believed that she could make a difference, so she turned to the crazy world of immigration and international law, serving as a concierge/quarterback in order to help others avoid a similar fate, and is recognized as an expert authority in the field.

In this episode, Lauren shares about finding ways for non-US citizens to invest in the US without the usual costly challenges.

Topics Covered:

03:18 – What you need to keep in mind when having cross border investments

06:06 – What brought Lauren to Florida

09:12 – Her recommendation for a Canadian who wants to have a cross-border investment in the US

11:19 – What is the difference between wanting a visa and needing a visa

13:08 – How to create multiple corporations in the US if you are a Canadian

15:00 – Shop for value instead of price when getting a lawyer

Key Takeaways:

“All of those tax issues, it’s truly got to be a holistic cross border approach that covers everything, not just taxes, or investments or financing, or, where to choose the property’s location. It’s everything all in one. And that’s definitely an important feature.” – Lauren Cohen

“Part of the beauty of having that real estate license as well as a law license is that it gives you that comprehensive credibility as well as the comprehensive knowledge base and the ability to look under the hood of things and help people with that holistic approach.”  – Lauren Cohen

“What generally I would recommend is you definitely would be using a Canadian entity, not a person, not you personally but a Canadian entity to make the investments and then set up some type of a corporation in Canada so that you have a shield of protection between you and the company. And also, that’s going to put you in a much better tax situation.” – Lauren Cohen

“There are visas available for people that want a visa. And then there are reasons available for people that need a visa. What’s the difference? Wanting a visa is because you may want to live or work in the US. Needing a visa is because you do so much business in the US that you need that visa to have ease of transport back and forth and so you can have a social security number, potentially set up a US bank account without challenges.”  – Lauren Cohen

“Our goal is for you, as the investor, to just collect your rent at the end of each month. And eventually, that rent will turn into more and then you can buy another property.”   – Lauren Cohen

“This is what I do because I’m dealing with not just the immigration side of the business and the real estate. It’s very unfortunate because a lot of people are shopping for price versus value. And when you’re a real estate investor, you don’t want to shop for price and value in your properties but always look for value in your team.”   – Lauren Cohen

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Ep.152 – Creating a Real Estate Business Around Your Lifestyle with Jeff Woods

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn how to leverage your portfolio to fund the lifestyle you want
  • Find out about a strategy that is not only synergistic – but also reduces cost for you and your investors at the same time helping other investors
  • Discover how investing in yourself can open the floodgates of good fortune

Resources/Links:

Summary: 

Jeff Woods is an award-winning real estate investor and coach that has 22 plus years of real-world experience and now devotes his time to helping others create financial freedom through real estate.

In this episode, Jeff talks about how, from humble beginnings, he was able to grow his real estate portfolio into what it is today, funding the lifestyle that he wants. He also shares ways in which he finds joint partners that allow him to buy multi-million-dollar property investments.

Topics Covered:

01:12 – How Jeff was first introduced to real estate

03:13 – His first real estate investment property

04:43 – What his current portfolio looks like now

06:03 – 22 year-story of hard work

06:47 – The three components of his real estate business

08:57 – Creating a renovation division

10:08 – The importance of investing in your self

13:00 – How he raises capital

14:03 – How he got his first JV partner

15:49 – How he finds JV partners in unexpected places

Key Takeaways:

“I would much rather be the guy collecting the rent than paying the rent.” – Jeff Woods

“I bought a beat-up bank power of sale, three bedrooms on the main floor, and I fixed up the basement and I put three bedrooms and a bathroom and a kitchen in the lower unit. And I started to rent out the rooms to college and university friends. And so that went extremely well.” – Jeff Woods

“As I grew and evolved and started to learn and started to invest more in my education, I focused more on multifamily properties. And I would use a combination of buy, fix, refinance. and rent strategy. I would do that, coupled with joint venture partnerships, private money, and self-directed RSPs.” – Jeff Woods

“So, we’ve slowly evolved and grown. And then just keep pushing forward. And now today, taking that portfolio, and leveraging it so that it now funds my desired lifestyle.” – Jeff Woods

“We built our own team in-house to service our own properties. We mostly do our own properties, but we will help other investors in the area as well. It’s very synergistic. It just lends to everything we were already doing. So, it made sense to create a renovation division as well.” – Jeff Woods

“When I hired a coach who had already accomplished the things that I wanted to do, and was able to help me work on myself, and set goals and attain them, get rid of some of my self-defeating habits and all of these things. When I started to work more on myself, that’s when my real estate portfolio really took off.” – Jeff Woods

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Ep.151 – Boring but Effective Profits in Real Estate with Lee Strauss

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn what investment strategy has worked for him amidst every hit and miss that came along
  • Find out different strategies to raise capital
  • Find out about ideas from being an investor-focused realtor – to help in looking for good deals

Summary: 

Lee Strauss lives and breathes all things real estate. He purchased his first rental property in 2003 when he was 21 and has since acquired a personal portfolio, became a realtor, and has founded his own real estate investing company. He has a passion for working with and coaching, novice and experienced investors through the real estate investing world.

In this episode, Lee talks about the investment strategy that has worked effectively for him, weathering every downturn that comes with it.

Topics Covered:

01:00 – How he got his first real estate investment property

05:03 – What he did before real estate

06:57 – Where did he look for additional when he needed it

07:57 – How did he become a full-fledged real estate investor

09:08 – Why did he decide to become a realtor

13:59 – The strategy that worked best for him in the 20 years he is in real estate

Key Takeaways:

“In buying properties, I do refinancing; that seems to be the best way to go. I did get into joint ventures at some point, and I continue to do that.” – Lee Strauss

I have no issues putting in what people would say is insulting offers because if you don’t ask, you don’t get, and the majority time you don’t get that. But you can open the door, and maybe start the conversation.” – Lee Strauss

“It’s like, anything you do is going to help get your goals there, maybe one way that’s better or faster, but consistency and just doing the same thing is the big secret. There’s no magic sauce out there. There’s no manual. You can put in the time. Take the hits and keep going.”  – Lee Strauss

“I tell this to everybody, the most boring, least appealing, non-shiny object chasing strategy is, just buy a house, rent it out and just sit on and wait. Roll with the punches.”  – Lee Strauss

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Ep.150 – Using Terms to Buy and Sell Property with Zachary Beach

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What you’ll learn in just 17 minutes from today’s episode:
  • Learn how to buy and sell properties without using your own cash, credit, or investors money
  • Find out the three categories of buying and selling properties and get the most profit from them
  • Learn how to use additional terms in order to make deals beneficial for you and good terms for the seller

Summary: 

Zachary Beach is an Amazon Best-Selling Author of The New Rules of Real Estate Investing and co-host of The Smart Real Estate Coach Podcast. He is a Partner, COO, and Coach at Smart Real Estate Coach.

In this episode, Zach talks about buying and selling properties on terms with a variety of techniques and not using cash, credit, or other investors’ money.

Topics Covered:

00:50 – What his real estate business all about

02:22 – What is buying and selling of properties on terms

03:16 – Understanding the three main categories of the buy and sell strategy

05:53 – Overview of how these three categories work

07:54 – Typical price points of the properties he chooses

10:18 – How do they make money in the subject to deals

11:09 – Exit plans for the subject to deals

12:51 – Why do sellers who own free and clear properties sell without interest on it

Key Takeaways:

“Buying and selling terms to us means that we’re not using our own cash credit or investors’ money. We’re primarily buying properties via contract.” – Zachary Beach

“We can mess with different terms such as length of time, monthly payment, deposit, no deposit, I mean, most of our deals, there’s little to no money down.” – Zachary Beach

“Our mindset is always we’re looking to solve people’s problems. And most of the time, we’re able to solve people’s problems that the traditional market cannot.” – Zachary Beach

“All of our exits tend to be, let’s say, 90%, rent to own 10%, owner financing.” – Zachary Beach

“If you’re sitting there and you’re trying to decide which way you would go, I would say know your foreclosure laws versus your eviction laws, because that’s gonna really make the difference.”  – Zachary Beach

“A typical seller that we’ve crafted principal-only payments are somebody that is looking to net the most net profit on the house and doesn’t really want to deal with any type of like tax burden.” – Zachary Beach

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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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