Real Estate Golden Nuggets: Real Estate Investing Simplified

In this episode Alfonso Cuadra, the multi-family whisperer talks about the importance of having mutiple streams of income, financial literacy and the need to scale your business. Various topics and opinions are discussed including Multi-family financing, Raising capital, and more... Connect with Alfonso Website: http://alfonsocuadra.ca Instagram: https://www.instagram.com/alfonsocuadra Facebook: https://www.facebook.com/AlfonsoCuadra13 Connect with Ross Instagram: @ross.nedaee Website: https://linktr.ee/rossnedaee

Not all heros wear a cape! In today's episode I have Alving Wong a full time Nurse who is investing in Real Estate in the Windsor and Sudbury market. Alvin realized early that just one income stream does not suffice and he is now actively looking to build his portfolio while still enjoying his nursing career. Why you have to check out this episode: * Discover the market fundamentals Sudbury, Ontario * Find out how to successfully negotiate and get deals under asking price * Learn how to build your team in different cities Follow Alvin Wong: * Instagram: https://www.instagram.com/thisisalvinwong/ [https://www.instagram.com/investnorth.ca/] Follow Ross Nedaee: * YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos [https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos] * Instagram: https://www.instagram.com/ross.nedaee/ [https://www.instagram.com/ross.nedaee/] * Facebook: https://www.facebook.com/ross.nedaee [https://www.facebook.com/ross.nedaee]

Have you considered investing outside of Ontario? Want to get into a more landlord friendly market with great cashflow? Looking to grow your portfolio faster? Then you need to check out this episode! Why you have to check out this episode: * Discover the market fundamentals of Saskatoon, Saskatchewan * Find out how Amanda was able to purchase two large cash flowing multi family buildings * Learn how you can be a flipper, a buy and hold investor and a developer Follow Amanda Bolan: * Instagram: https://www.instagram.com/multifamilyamanda/ [https://www.instagram.com/investnorth.ca/] Follow Ross Nedaee: * YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos [https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos] * Instagram: https://www.instagram.com/ross.nedaee/ [https://www.instagram.com/ross.nedaee/] * Facebook: https://www.facebook.com/ross.nedaee [https://www.facebook.com/ross.nedaee]

Why you have to check out this episode: * Discover a no-money-down deal on financing properties. * Find out the golden rule he sticks by to grow his portfolio and have a steady cash flow. * Learn how Josh started buying his first property and scaled up steadily to 87 units to date. Have you thought of enjoying a lifestyle you want that allows you time and financial freedom to keep the right balance of business and family life? In this episode, our guest Josh Stevenson shares his journey from being a teacher to a full-time real estate investor - what property deals he got into and the strategies he employed to grow to an 87-unit portfolio and enjoys his freedom. Josh Stevenson has been a property investor for 14 years now. He started in Barrie, Ontario, where he house hacked his first duplex. And then he moved back to his hometown of Orilla, Ontario, where he's been away for about 20 years as he travelled the world for many years and taught English. He came home to Canada and opened an English school that was later shut down by SARS, and started his career in real estate investing from then on. Topics Covered: 01:50 - What got him into real estate investing 05:52 - One thing that initiated his diving into real estate investing 09:48 - Property deals he started out with 13:05 - Growing his portfolio to 87 units 16:38 - A funnel he created that helps in acquiring properties 19:50 - How a Vendor Take Back mortgage works 21:30 - Three main bread and butter deals 21:52 - What you want to know about credit unions including property assessment 25:41 - Things one should be looking at when buying properties other than appreciation 30:11 - Challenges that he overcame 33:49 - Plans of getting into property management 34:44 - Looking at the numbers in one of his deals 40:14 - Doing deals with no JV partners 40:52 - Books he recommends 42:06 - Where he wishes to travel now 42:30 - What he says to someone new to real estate investing Episode Takeaways: "We discovered that we could do something called a no-money-down deal. We deal with credit unions now. I found that credit unions are actually way better lenders, and they don't have as strict rules as conventional banks." - Josh Stevenson "You know the 1% rule, that has been the golden rule for us. Truly believe that's how we've been able to build this portfolio so big. You can look at a building like that, what are the rents? And what is the price?" - Josh Stevenson Resources: * Rich Dad Poor Dad by Robert Kiyosaki [https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1612680194] * Think and Grow Rich by Napoleon Hill [https://www.amazon.com/Think-Grow-Rich-Landmark-Bestseller/dp/1585424331] Follow Josh Stevenson: * Website: https://investnorth.ca/ [https://investnorth.ca/] * Instagram: https://www.instagram.com/investnorth.ca/ [https://www.instagram.com/investnorth.ca/] Follow Ross Nedaee: * YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos [https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos] * Instagram: https://www.instagram.com/ross.nedaee/ [https://www.instagram.com/ross.nedaee/] * Facebook: https://www.facebook.com/ross.nedaee [https://www.facebook.com/ross.nedaee]

Why you have to check out this episode: * Find out what deals to go into to speed up your BRRRR strategy * Find out what existing layout you need to consider for your property deals so you maximize revenue. * Discover a property software that helps users advertise through an automated process and keeps your team organized to scale up your portfolio. With COVID stalling many businesses and the challenges you meet, how do you pivot and find strategies that are cash flowing and provide a return on investment? In this episode, Jared shares how he started investing in different markets and landed in Peterborough's student rentals. He also talks about the deals he focuses on that speed up his BRRRR strategy, eyeing a goal of a 100-unit portfolio when he turns 45. Jared Henderson started investing in 2012 in the Golden Horseshoe at the other end in Niagara Falls and wound up in Peterborough after experimenting in a few different markets. The BRRRR process is his main strategy. Topics Covered: 03:01 - What got him into real estate investing? 04:28 - From condos to duplexes and the challenges 08:13 - Raised bungalow conversion to second suites 10:38 - Why student rentals, right tenant screening 15:08 - Reason for getting into the legal conversion strategy 17:21 - Deals he looks into in Peterborough, an existing layout, areas to go for or stay away from 22:02 - Sourcing deals and his successful off-market deals 26:29 - Finding contractors, funding deals, and raising capital 31:03 - How he manages his properties 32:43 - Going over a project he just recently refinanced 40:42- His travel plans 40:54 - Book recommendation 41:26 - What he would tell his own self when he was just starting out Episode Takeaways: "Why do I want to get into student rentals even when people say that they just party and trash the place, which is just not true. That will happen occasionally. But most people have a damage deposit; their parents are co-signing. You're always going to get your rent; rarely, you don't." - Jared Henderson "The real value, the real equity is working with the right team, the right property managers, the right contractors, for sure. And that includes your legal team, the right mortgage brokers, and once you get a system down, you just rinse and repeat it, because it's simply effective." - Jared Henderson Follow Jared Henderson: * Instagram [https://www.instagram.com/jaredh55/] * Email: jared@buildingstack.com Follow Ross Nedaee: * YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos [https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos] * Instagram: https://www.instagram.com/ross.nedaee/ [https://www.instagram.com/ross.nedaee/] * Facebook: https://www.facebook.com/ross.nedaee [https://www.facebook.com/ross.nedaee]