Advertise on podcast: 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/ Follow Ross Nedaee: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: 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/ Follow Ross Nedaee: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: 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 Think and Grow Rich by Napoleon Hill Follow Josh Stevenson: Website: https://investnorth.ca/ Instagram: https://www.instagram.com/investnorth.ca/ Follow Ross Nedaee: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: 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 Email: [email protected] Follow Ross Nedaee: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee

Why check out this episode: Find out how to build a 52-unit portfolio without relying on joint partners Learn about an investing strategy that earns a lot more in the long run than what you can generate on a monthly cash flow Find out essential considerations and mindset shift to take in quitting your job to jump into real estate, so you manage expectations and know what you are running towards In this episode, Kellan shares how he is able to strike a balance between his personal and professional life while growing his real estate business. Kellan James reached financial independence through real estate cash flow by the age of 29. He was able to quit the rat race to pursue his passion for real estate investing full time. Kellan hosts the On FIRE Podcast, shares his daily journey on Instagram, and runs local meetup groups like London on FIRE. Kellan started by house-hacking: living in a duplex and renting out the other side in order to live for free. In just over two years, he built a solely-owned, multi-million dollar portfolio consisting of 10 properties with 32 units. Kellan was able to accomplish this while working a full-time job, using the BRRRR investing strategy. Since then, he has added to his portfolio, currently totalling 52 units, all solely owned. Topics Covered: 01:54 - How he got started in real estate 07:55 - Financing his deals without JV partners 09:34 - How a credit union works for him in refinancing his deals 11:19 - Interest rates with a credit union and where he finds his deals 14:58 - Creating active income and thoughts on borrowing money from private lenders 18:54 - What his lifestyle looks like now and location of his goldmine market 21:19 - From residential to duplexes to apartment buildings -- why the shift to this portfolio 23:20 - Portfolio for someone just starting out in terms of monthly cash flows 24:07 - The extent to which you can self-manage your properties 25:41 - His thoughts when it comes to tenant screening 26:25 - Incorporating versus your personal name 27:19 - Maintaining your focus on where you want to make money 29:02 - What it takes to quit from your full-time job and fully focus on real estate investing 32:32 - His take on the cryptocurrency and the 'shiny syndrome' thing 35:32 - What's a day for him like and plans to scale his portfolio 39:04 - Books he loves and recommends, travel destinations, advice for anyone getting into real estate Resources: Bluefishing: The Art of Making Things Happen by Steve Sims The 4-Hour Workweek: Escape 9-5, Live Anywhere, and Join the New Rich by Timothy Ferriss Connect with Kellan James: Website: https://www.kellanjames.ca/ Instagram: https://www.instagram.com/kellan.james/ YouTube: https://www.youtube.com/c/kellanjames Connect with Ross Nedaee: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee

Ross is joined by Cam Rowland, a real estate investor and coach from Winnipeg, Manitoba who specializes in acquiring properties with no money down using the Rent to Own strategy.    In this episode we discuss how to invest with no money down, what is rent to own, the benefits of rent to own strategy, how to find rent to own/off market deals, what to say to a motivated seller to get a deal, how to find the right tenant to place in the program and how to ensure tenants are able to complete the program.  Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Cam on Social Media: Instagram: https://www.instagram.com/creativeinvestor/ https://www.creativeinvestor.ca https://www.creativeinvestor.ca/tfl-ebook 

Ross is joined by Michal Wach, a husband, father, CPA, and real estate investor and coach from Hamilton Ontario.  With investing experience across multiple cities in Southern Ontario, Michal is primarily a long-term buy and hold investor that has used the BRRR (Buy, renovate, rent, refinance) method to acquire 6 properties (15 units) and growing.  After purchasing the first rental property in Hamilton in 2008 (a single family home), Michal has now put building blocks in place to leave his full time job in the near future to be able to focus on real estate investing full time, while spending more time at home with family and living life on his terms. In this episode we discuss duplex conversions, common concerns/roadblocks of investors, the shiny object syndrome, overcoming mindset limitations and simplifying deal analysis to avoid analysis paralysis.  Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Michal on Social Media: Instagram: https://www.instagram.com/wachproperties/

You are never too young to invest in Real Estate! Ross is joined by Jake Novis, a 25 year old full time Real Estate Investor from Cambridge Ontario who specializes in Multifamily Commercial Real Estate who has been investing since 18! Jake is a very inspirational young entrepreneur who believes in systems and long term wealth with a portfolio of 28 units and growing!  In this episode we discuss multifamily commercial real estate investing, the difference between residential and commercial real estate, the qualification requirements for commercial financing, commercial CAP rates, tenant screening, property management systems and checklist, and the fundamentals of Lindsay Ontario.  Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Jake on Social Media: https://www.instagram.com/jakehnovis/

Success does not come without failure and Rob is a true testament to that. Ross is joined by Rob Chopra a Real Estate investor in Hamilton Ontario who shares his inspiring story of losing $65,000 in his first ever flip deal and how was able to bounce back and learn from his experience to become a successful Real Estate Investor.  In this episode we discuss the 7 levels deep of a why, the importance of education, mentorship and networking, how credit scores work, how to build your credit, as well as how to analyze flip deals and how to fund them.  Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Rob on Social Media: https://www.instagram.com/rob.chopra/ https://www.facebook.com/rob.chopra.906

Everyone wants to be a full time entrepreneur but not many can pull the trigger and make it happen, especially during the pandemic, Scott is an exception. Ross is joined by Scott Zandbergen a Real Estate investor in Georgetown, Ontario who shares his incredible journey of leaving a 6 figure salary job to transition into a full time Real Estate Investor. In part 2 we uncover how to private lend your money to create another source of active income, the benefits of using private money to fund your deals, how to source contractors in a new market, what criteria to use for flips, and how to raise private capital.  Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Scott on Social Media: Instagram: https://www.instagram.com/scott_zandbergen/ Facebook: https://www.facebook.com/scott.zandbergen

Everyone wants to be a full time entrepreneur but not many can pull the trigger and make it happen, especially during the pandemic, Scott is an exception. Ross is joined by Scott Zandbergen a Real Estate investor in Georgetown, Ontario who shares his incredible journey of leaving a 6 figure salary job to transition into a full time Real Estate Investor. He shares how to mentally prepare to quit your day job by getting clear on your net income/expenses, how to turnover an entire flip project successfully in just 3 months, how to set premium market rents as well as why invest in Bowmanville, Hamilton and Welland, and now Belleville.   Follow Ross on Social Media: YouTube: https://www.youtube.com/channel/UCXJeEiAaVaEtYt0Sqr36TVQ/videos Instagram: https://www.instagram.com/ross.nedaee/ Facebook: https://www.facebook.com/ross.nedaee Follow Scott on Social Media: Instagram: https://www.instagram.com/scott_zandbergen/ Facebook: https://www.facebook.com/scott.zandbergen