Commonwealth Home Ownership

For this week's episode, we have Kim Nguyen from Vine Group joining us again. With real estate prices on the rise these past few months (yes, even in Alberta), buying power is quickly being eroded for home buyers and investors alike. Today, Kim will do a recap on how banks look at your file when determining your creditworthiness and go over tips and trick you can do to improve your purchasing power in the eyes of the bank. Whether you're looking to qualify for your first property or you're an investor getting close to the financing wall, this episode is for you. Kim can be reached at kim@vinegroup.ca. For more episodes and content, check out our website at cwho.ca.

Our guest for this episode is Adrian Nedelec from Mogul Realty Group based out of Edmonton. After realizing a career in corporate sales wasn't his passion, Adrian got his Real Estate License and was the first agent to join  James Knull and Mogul Realty Group. With five years of Real Estate investing already under his belt, only 10 months passed before he earned the award of Remax Edmonton Rookie of the year. Since then he has also completed his commercial real estate license.At Mogul Realty Group, Adrian is the Sales Team Lead for the Edmonton office and brings his lived experience as an investor to build confidence and success for new and experienced Real Estate investors alike.Today, we will discuss Adrian's journey from University grad to real estate investor to  Partner at Mogul Realty and the trials and tribulations along the way that has shaped his journey. From learning how to build relationships at networking events, how to deal with bad tenants, to what makes a good, honest realtor and salesperson and more, this is one episode full of nuggets that you don't want to miss. For more information, you can reach Adrian at Adrian@mogulrg.com or 780-966-4471. For more episodes and content, check out our website at cwho.ca.

In this week's episode, Brad and Phil will be doing a deep dive on the purchase process when acquiring residential real estate, and all the details that are important to understand from an Investor's perspective. They will be talking about the relationship between the buyer and their realtor and options when it comes to setting up the relationship from the beginning. This will enable you to better manage the relationship. They'll also be exploring different terms and conditions that investors can include in an offer to purchase to provide a high level of flexibility for the purchase. As well, Brad and Phil will be breaking down all of the steps an investor must execute once an offer is accepted. These steps include all of the different parties involved, how to manage them, and who is responsible for what.If you are new to real estate investing, this is an episode you don't want to miss!For more episodes and content, please check out our website at cwho.ca.

Our guest this episode is Michael Fedun. He is the founder and president of Final Cut Creations, a home renovation company based out of Cochrane, AB. Michael has over a decade of experience in home renovations and in addition to their renovation and remodeling experience, Final Cut Creations also specializes in developing secondary suites. Other than being a journeyman carpenter and business owner, Michael himself is also a real estate investor and he offers a unique perspective when it comes to finding the right contractor for your project. He will go over how to find, interview, and hire the best contractors for any job while protecting your financial interests and ensuring everything stays within budget. For anyone looking to do fix-and-flips. secondary suite developments, or just a kitchen and bathroom reno, this episode is one you don't want to miss. For more information, Michael can be reached at michael@finalcutcreations.com or check out his website at finalcutcreations.com. For more episodes and content, check out our website at cwho.ca. 

Please welcome Dustin Hogan back again for another episode as he engages live with our Mastermind audience as he goes through different strategies one can employ to improve his/her mental health in these hectic times.Dustin is a Men's Mental Wellness Counsellor who is passionate about helping men develop more self-awareness and powerful tools to navigate challenges with anxiety, depression, confidence, self-esteem, relationships, communication, motivation, and more.As someone who has dealt with crippling anxiety and depression for many years, Dustin knows what it is like to struggle with inner demons, a lack of self-belief, and feeling like a failure.Before becoming a Men's Mental Wellness Counsellor, Dustin had a successful career as a professional speaker, trainer, and coach and travelled throughout Western Canada speaking to well over 35,000 students, teachers, mental health professionals, and law enforcement members. In 2019, he decided to step away from that career to pursue counselling and it was one of the best decisions he ever made!Dustin enjoys spending time with his wife, staying physically active, and sharing laughs with friends.Dustin is available for 1-on-1 sessions and he brings his brand of support and inspiring energy to all his clients!As entrepreneurs, we often put mental health on the backburner in the name of the Hustle but what a lot of us are forgetting - or don't like to think about because we're all impatient as eff - is that entrepreneurship is a marathon, not a sprint. Unfortunately, as a result of the hustle culture, we're all burning ourselves out. Not enough sleep, no time for exercise, friends and family pushed to the boundaries, all to achieve our goals yesterday. The result of all this is a record number of us are suffering from crippling anxiety and depression where the only way we know how to move forward will only drag us deeper into this vicious cycle. Fortunately, there's hope and Dustin is here to go over all the various self-care strategies to keep our tanks filled, batteries charged, and let us continue to crush our to-do list and not the other way around. This is an amazing episode and the issues and solutions discussed are more pertinent than ever after what the world has gone through these past 16 months. We know we say this a lot but this is really one episode you don't want to miss. Please enjoy and stay safe everyone! For more information, Dustin can be reached at dustinhogan.com For more episodes and content, please check out our website at cwho.ca @cwho @ iamtheauthenticman

In this latest episode with our favourite Mortgage Associate Kim Nguyen, we'll be learning all about interest rates and why some get better offers than others, and what you can do to get the best interest rate on your next investment property purchase. We'll be exploring how your credit score, down payment amount, amortization, and type of property affect the interest rate you'll be offered. And, as well, the difference between insurable and uninsurable mortgages and what this actually means. Kim will also be discussing all the latest news and updates within the mortgage world from the past couple of weeks.For more episodes and content, please check our website at cwho.caPlease enjoy!For more information, Kim can be reached at mtg@kimngyn..com

For today's episode, Phil Wong will discuss how he saves time on property management. What is the most time-consuming task when it comes to rental property management? Property showings! Nothing is worse than booking a time and driving all that way just to have the prospect no-show. Phil will discuss how he uses a funnel system designed to eliminate no-shows, get your property rented in less than 5 showings, and take back your time! For those investors who still prefer to self-manage or have an in-house team helping you out, this episode is for you! For more information, Phil Wong can be reached at phil@cwho.ca.For more episodes and content, please check out our website at cwho.ca. 

When you hear real estate investing, the conventional thought is buying a beat-up home, HGTV the hell out of it, and sell it or rent it for a profit. What if you don't have the skills or the desire to do all that work? What if you can get the end product without going through all the work?Phil will reveal how he has built a high cash flow, low vacancy portfolio, attracting only the best tenants, with next to no maintenance. Sounds implausible? We'll let you decide.

Our guest for this episode is Dustin Hogan. He is a counsellor who focuses on men's mental health.Dustin is a Men's Mental Wellness Counsellor who is passionate about helping men develop more self-awareness and powerful tools to navigate challenges with anxiety, depression, confidence, self-esteem, relationships, communication, motivation, and more.As someone who has dealt with crippling anxiety and depression for many years, Dustin knows what it is like to struggle with inner demons, a lack of self-belief, and feeling like a failure.Before becoming a Men's Mental Wellness Counsellor, Dustin had a successful career as a professional speaker, trainer, and coach and travelled throughout Western Canada speaking to well over 35,000 students, teachers, mental health professionals, and law enforcement members. In 2019, he decided to step away from that career to pursue counselling and it was one of the best decisions he ever made!Dustin enjoys spending time with his wife, staying physically active, and sharing laughs with friends.Dustin is available for 1-on-1 sessions and he brings his brand of support and inspiring energy to all his clients!As entrepreneurs, we often put mental health on the backburner in the name of the Hustle but what a lot of us are forgetting - or don't like to think about because we're all impatient as eff - is that entrepreneurship is a marathon, not a sprint. Unfortunately, as a result of the hustle culture, we're all burning ourselves out. Not enough sleep, no time for exercise, friends and family pushed to the boundaries, all to achieve our goals yesterday. The result of all this is a record number of us are suffering from crippling anxiety and depression where the only way we know how to move forward will only drag us deeper into this vicious cycle. Fortunately, there's hope and Dustin is here to go over all the various self-care strategies to keep our tanks filled, batteries charged, and let us continue to crush our to-do list and not the other way around. This is an amazing episode and the issues and solutions discussed are more pertinent than ever after what the world has gone through these past 16 months. We know we say this a lot but this is really one episode you don't want to miss. Please enjoy and stay safe everyone! For more information, Dustin can be reached at dustinhogan.com For more episodes and content, please check out our website at cwho.ca @cwho @ iamtheauthenticman#success #business #entrepreneur #finance #financialfreedom #wealth #motivation #businessowner #management #podcast #strategy #video #share #like #entrepreneurship #entrepreneurlife #hustle #money #inspiration #mindset #goals #lifestyle #motivationalquotes #entrepreneurs #follow #successmindset #leadership #entrepreneurmindset #inspire

We're welcoming Kim Nguyen back for our Mortgage Monday series.  Now we've all heard about reverse mortgages at some point, either on the television or on the radio but what are they really? With housing prices higher than ever across all of Canada, purchasing a home, especially for those of us who are younger and new to the workforce, seems like a pipe dream. Today, we'll talk about how some families are using reverse mortgages as a way to pass down generational wealth and help the next generation get a leg up in the housing market.  They are, of course, still a way to access your home equity as a source of income and we talk about that as well. Please enjoy and stay safe everyone! For more information, Kim can be reached at mtg@kimngyn.comFor more episodes and content, please check out our website at cwho.ca

Michael Sheret is a shrewd entrepreneur, successful real estate investor and the Co-Founder of Best Capital Group of Companies, a private lending business. Brought up by parents who were successful real estate investors and builders, Michael gained immense knowledge about the industry from a young age by helping them manage their real estate holdings.Intrigued by his parent's ability to make money through construction and fix and flips, he has worked his way to excelling in the industry, with a bold vision of helping other people build generational wealth through real estate. With over 14 years of experience as a real estate investor and over 5 years as a private lender, he owns and manages a vast real estate portfolio, and has funded over 40 mortgages. He also deals in fix and flips, buy and holds, and agreement for sale.Michael has a background in Instrumentation Technology, which helped him start his first business. His prowess in the business world is built on his exemplary hands-on approach to learning and his openness to being coached and mentored by others who excel in his fields of interest. He is keen on establishing thriving relationships and is a member of many large real estate networking groups and enjoys attending conferences and seminars to expand his knowledge. Michael is an ambitious, passionate, and determined business person who is known for his quality workmanship, organization and attention to detail.  Michael's bold, optimistic, and sure-footed approach to investments sets him apart. He is most passionate about enabling people to live a life of possibilities and show them they are wealthier than they think, with a goal to provide them with worry-free fixed income. Besides real estate, Michael enjoys spending time with his family, summers at the family cabin and travel.Please enjoy and stay safe everyone!For more information, Michael can be reached at mike@pointproperties.caORFacebook - https://www.facebook.com/PointPropIncTwitter - https://twitter.com/pointpropincFor more episodes and content, please check out our website at cwho.ca@cwho @pointpropinc#investing #realestate #privatelending #success #investment #money #invest #business #investor #entrepreneur #finance #investments #investors #jointventure #realestateinvesting #jointventures #property #businessowner #lending

We're welcoming Kim Nguyen back for our Mortgage Monday series. For today's episode, we will be looking at how the mortgage market is doing after the qualifying rate has increased June 1, 2021 from 4.79% to 5.25%.Learn how to put together a financing package for your lender to minimize financing issues and maximize the chances that you will get the investment property you want.Please enjoy and stay safe everyone!For more information, Kim can be reached at mtg@kimngyn.comFor more episodes and content, please check out our website at cwho.ca

Adrian has completed 21 years of policing and retired early as a result of the choices he made in Real Estate Investing. He is now a full-time real estate investor and entrepreneur of multiple companies. His professional portfolio, built in less than a decade, is undeniable proof of his expertise, consisting of 64+ investment properties, or the equivalent of 240+ units. He is the founder, and co-owner of Executive Properties Inc., a high scale full-service property management company that services over 500 doors in the Hamilton area. The co-founder of Vision Construction Management, a full-service construction company that focuses on multifamily conversions and renovations in the Hamilton area. And, the founder of Executive Properties Capital Inc., an investment company that raises capital through joint venture partnerships, to purchase investment properties. Lastly, he is part-owner of a highly successful real estate team, Mackay Realty Network. His passion is helping others, like himself, achieve generational wealth. Adrian has created a proven model of success, to share with others, through his “buy, renovate,  refinance, and rent (BRRR) strategy."For more information, Adrian can be reached at executiveproperties@rogers.com.For more episodes and content, check out our website at cwho.ca.

Welcome to another episode of the CWHO Mastermind Series! People talk a lot about time management to get things done, but there's one more important thing, and that's energy management. If you can't manage your energy in sync with your most important tasks, then you'll always be suboptimal, no matter how much time you have. Phil will explain how to discover your own daily energy rhythm and the optimal time to schedule your most important tasks to be productive, rather than just busy. Phil can be reached at phil@cwho.caFor more episodes and content, check out our website at cwho.ca. 

We're welcoming James Knull, Owner and Founder of Mogul Real Estate Group, back for another episode! As an investor himself, James has acquired almost 300 rental units in his portfolio and has architected several large joint ventures bringing partners together to acquire great properties. As a Realtor James is one of Western Canada's top producing agents. As a leader the Mogul team, he has grown and expanded into multiple cities and consistently sets the industry standard for exceptional service and performance. Last time, we discussed real estate investing from the Realtor's perspective and what it takes to become a top-producing agent. For those of you who missed that episode, you can listen to it HERE. This time around, James is going to put on his real estate investor hat and discuss what it takes to be a great investor. For this episode, we're going to be talking about what you need to know to get into Multifamily Investing, among a myriad of interesting topics full of little nuggets. James is a well of wisdom and never a dull moment. I hope you enjoy this as much as we did! Stay safe everyone!For more information, James can be reached at james@mogulrg.comFor more episodes and content, check out our website at cwho.ca

We're welcoming Kim Nguyen back for our Mortgage Monday series after a brief hiatus due to a bout of COVID. We're happy to have her back and glad that she has recovered well.  For this episode, we will discuss the upcoming mortgage rule changes and how that may impact home buyers after June 1, 2021 as well as the current state of the market and what things may look like later this year. Please enjoy and stay safe everyone!For more information, Kim can be reached at mtg@kimngyn.com For more episodes and content, please check out our website at cwho.ca

For this week's guest, we have Olivia Walsh from Furniture Connection joining us. When  renting or selling our homes, staging (ie. hiring someone to decorate it like a show home) is often not on our minds or factored into the budget. This episode will likely change your mind on that.Olivia will discuss why staging works and how the cost of staging is easily recouped by a higher sale price and/or a faster sale.  If you're looking to do short-term rentals or planning on selling your home down the road, this is one episode you don't want to miss. Olivia can be reached at info@furnitureconnection.ca.For more episodes and content, check out our website at cwho.ca.

Hey real estate investors! We're doing something a little different this week. On the last Tuesday every month, we host our live online Mastermind events.  The content is amazing and sometimes discusses topics that we don't talk about in our regular podcasts so not wanting our listeners to miss out, welcome to the first episode of our new CWHO Mastermind Series! For this episode, we have Ela Hrycyk (pronounced "hert-sik") from HUB insurance joining us. We discuss common misconceptions when it comes to what your policy covers or doesn't cover, the difference between named versus broad form coverage, why your property value has nothing to do with the insured amount, what is a Hard Market and why we're in one, and so much more. We know property insurance isn't sexy but it's necessary and it covers your ass so pay attention! Ela is also an amazing speaker so I promise you won't be bored. Enjoy! Ela can be reached at ela.hrycyk@hubinternational.For more episodes and content, check us out on our website at cwho.ca.

For today’s guest, we have Russell Westcott joining us from Vancouver, Canada. He is the co-author of Real Estate Joint Ventures and is the founder of Raising Capital Academy. Russell has been a real estate investor since before the turn of the century,  amassed a wealth of knowledge, and built a sizable portfolio along the way. Today, we discuss what it means to be a real estate investor in this connected, social media-permeated world. How we market ourselves, connect with others, network, build relationships, and most importantly, how do we raise capital to build wealth for ourselves and others. If you’re looking to raise money, find more joint venture partners, or just expand your network, you don’t want to miss this episode.

For this episode, we have Trevis McConaghy joining us. Trevis is a real estate veteran who has been investing in the industry for over 20 years.  He is the founder and owner of Cobalt Bay Capital Ltd.,  a founding member of REIGS (Real Estate Investors Group of Saskatchewan), and a philanthropist whose charities have made higher education possible for hundreds of children. Learn how Trevis went from his humble roots as a farmer in Melfort, Saskatchewan to building a real estate portfolio with over 350 residential units, 37,000 sq ft of industrial leasing space, and a partner in 11,000 acres of farmland. We explore the importance of education and more importantly the right type of education, the difference massive action can make, where to find the best deals, how to scale your real estate business as you grow, and so much more.  Please enjoy this far-ranging and very educational episode with the one and only Trevis McConaghy. 

Hey everyone and welcome to another episode of the Commonwealth Home Ownership Real Estate Investing Podcast. For today’s episode, we have Wayne Hillier joining us. He is a veteran real estate investor based out of Edmonton and the host of the Real Estate Investor Dad podcast. Today we have a discussion about the myths around real estate investing. There are a lot of programs and shows out there that might give new investors an unrealistic expectation about the amount of time and effort involved in real estate investing so we discuss the importance of mindset, the amount of work you should expect to put into it, the importance of patience when it comes to generating wealth using this strategy, and so much more.  There are a lot of good nuggets throughout this episode so please enjoy. You can reach out to Wayne at reinvestordad@gmail.comFor more episodes and content, please check out our website at cwho.ca

We have Kim Nguyen joining us again for another episode of Mortgage Mondays and today, we will be discussing mortgage lending for those who are self-employed. Unlike people who have a job, those who are self-employed are not always looked at favorably by the banks when they try to get a mortgage and often run into a number of roadblocks when trying to get financing. In this episode, we look at the various obstacles that the self-employed among us may encounter when applying for mortgage financing and what to do to maximize the chances of getting approved.  If this sounds like you or someone you know, please listen and share! For more information, you can reach Kim at kim@vinegroup.ca.For more episodes and content, please check out our website at cwho.ca

Join us for another episode of Mortgage Mondays with Kim Nguyen where we look into how the mortgage market has progressed this past month and where rates are going. If you're planning on buying a new home, looking to refinance one of your current mortgages, or just want to stay informed, you don't want to miss out!For more information, you can reach Kim at kim@vinegroup.ca. For more episodes and content, please check out our website at cwho.ca

For this episode, we are featuring three talks from February's CWHO Mastermind event by Phil Wong, Victor Pang, and Brad Price. People talk a lot about time management to get things done, but there's one more important thing, and that's energy management. If you can't manage your energy in sync with your most important tasks, then you'll always be suboptimal, no matter how much time you have. Phil will explain how to discover your own daily energy rhythm and the optimal time to schedule your most important tasks to be productive, rather than just busy. Victor provides several real estate-related services, including helping clients buy and sell real estate, but one service that investors can't get enough of is Private Real Estate Lending. Victor provides asset-based short to medium-term equity loans and mortgage financing secured against real property instead of being based on personal credit and income. This provides Investors with a project-specific option beyond the big banks. We're currently living through a time of uncertainty, but with uncertainty comes opportunity. Opportunities are only real if you are not only able to recognize them but are also in a position to secure them. This year will be no exception. Opportunities will be abundant, but will you be ready? Brad will reveal three things you can do to succeed in 2021.  "The best way to predict the future is to create it" - Alan Kay, Computer Scientist.For more episodes and content, visit us at cwho.ca

In this episode, we sit down with veteran real estate investor Valden Palm and discuss how we can use the immense, untapped potential of RRSPs to finance your next real estate project or invest in mortgages for superior returns.  Valden Palm is an Alberta-based, Edmonton-born and raised real estate investor, consultant, and mentor/coach with many students who have become real estate superstars in their own right. Valden started building his personal real estate portfolio in 1995 and has continued this building process for himself and his investor clients, earning his title as the original RRSP educator teacher known as “Mister RRSP”. As a trained Architectural Technologist, Valden has always been immersed in the construction industry, both in the commercial as residential sectors. It was a natural progression that his love for architecture and beautiful homes would lead him to seek out and master the real estate investing business. He is very much a student and master of “the art of the deal”.His many man-hours spent on his real estate education serve him well in owning and managing well-selected pieces of property, minimizing risk, and maximizing profit. If the numbers don’t work and the property doesn’t meet his high standards and criteria, it’s a ‘no-go’. It’s that kind of unemotional, and objective analysis that his clients have come to trust and rely upon. He truly searches for and practices the Win/Win/Win philosophy day-to-day.Valden has devoted much in the way of resources to develop and nurture his passion for the real estate business. He is a true “Transaction Engineer,” and is generous with sharing his time and experience with others. It is from this passion that his knowledge and experience with  RRSP financing was born.Valden has been featured in Moneysense Magazine, a prominent contributor to REIN (Real Estate Investment Network), ROB TV (Report on Business), and local Edmonton business magazine Business Edge.  If you're dissatisfied with your current RRSP investments and want to learn how to generate double-digit returns, or you're an investor who wants to learn how to use RRSPs as a financing vehicle, this episode is for you!For more information, you can reach Valden at: Valden16@gmail.comBe sure to subscribe and check out all of the CWHO podcasts at www.cwho.ca

In this episode, we are joined by Real Estate Investor Carleen Su from Tru Capital Real Estate. Carleen has been an active real estate investor in Western Canada for the past 18 years and over that time has grown her portfolio to more than 33 residential units. Carleen is currently focused on new build real estate developments right here in Calgary, as well as providing investment options for capital partners.We’ll be discussing Carleen’s real estate investing journey over the past 18 years and how the asset class has enabled Carleen to leave her previous 9 to 5 employment and escape the rat race to become a full-time investor and how that’s ultimately enabled her to spend more time with her family. As well, we’ll hear about different investing strategies such as setting up LLP’s, the pros and cons of new build developments, and the power of suited properties. To contact Carleen, check out her website at www.trucapitalrealestate.comBe sure to subscribe and check out all of the CWHO podcasts at www.cwho.ca

We have Kim Nguyen joining us again for Mortgage Mondays. There has been a lot of talk about rising interest rates in the news recently so we will do a quick market update to see exactly what's going on. We will then look at the importance of your credit score and just how much that affects your ability to borrow money. We look at what factors affect your credit score, what interest rates you can expect with different credit scores, how bankruptcy or foreclosure will affect your ability to get a mortgage in the future, and so much more. If you want to help a tenant-buyer to improve their credit on a rent-to-own, do a better job of understanding tenant credit reports, or just want to know how to not screw up your own credit score, this episode is for you!

In this episode, we have Sherwin Dziwenka. Sherwin has been working as an Underwriter and Account Manager at Calvert Home Mortgage for close to 6 years and before that was a Mortgage Broker. He still holds his Mortgage Broker license and is also licensed as a Real Estate Agent. His experience at Calvert and the mortgage industry in general, has allowed him to help real estate investors maximize profit and assist individuals to access the equity in their homes for multiple reasons. Calvert specializes in financing that the banks and other institutional lenders prefer not to service, or are unable to service quickly. They have a very unique Flip Program that allows investors to do projects with very little down allowing them to get into projects they otherwise wouldn’t be able to or do multiple projects at once.In this episode, we discuss different ways investors can take advantage of private lending, the ins and outs of private lending when it comes to doing a flip project, what private lenders will look at when you look to apply for financing, and the pitfalls to avoid when doing a flip project. If you're looking to get into flipping houses or want to know more about how private lending can help you further your goals, this episode is for you!

We have Kim Nguyen joining us again for Mortgage Mondays where we discuss how to avoid the capital barrier. As real estate investors, we often want more properties than banks and lending institutions are willing to lend us money for. In this episode, we discuss the best way to set up your financing in order to maximize your portfolio size and what you can do to keep growing once you've hit that financing barrier. If you're getting close to that wall or you're getting started and have no intention of stopping anytime soon, this episode is for you!For more episodes and real estate investing content, visit us at cwho.ca.

Welcome to episode 26 of the Commonwealth Home Ownership real estate podcast! We have a very special guest today in the one and only Barry McGuire! For those of you who don’t know Barry, he is a veteran real estate lawyer with over 45 years of experience in the industry. He himself is a real estate investor who started investing 48 years ago. Barry is a popular speaker on the REIN stage with his “Tales from the Trenches” where he uses real-life stories of investor legal land mines to teach by example. Barry is also the co-author of “97 Tips for Real Estate Investors” which provides insights, strategies, and success stories to help you build wealth faster.Barry is well-known for his Focus Workshops and Rapid Cash Flow programs which are intensive 1-2 days seminars that really push your investing business to the next level. Today, we do a deep-dive discussion on Agreement for Sales and Rent-to-owns so this is one episode you don't want to miss! Show Notes: Discuss how Barry got started in educating others in creative real estate strategiesA lot more people are aware and want to get into creative real estate strategies nowadays vs 12 years agoTry not to say “Agreement for Sale” when discussing with a seller as it can be confusingDifference between AFS and VTB is that the latter requires qualification, whereas AFS does not require immediate qualificationAFS fell out of favor when CMHC came into the picture and buyers no longer needed to put down a 50% down paymentAFS has a place in a flat to negative market AFS can create a win-win for both parties in a negative marketGo over some pitfalls with the AFS strategyDiscuss the rights of the buyer and seller in an AFS dealBy filing a Power of Attorney and caveat on title, the buyer can have full control of the propertyThe seller still has the right to foreclose if the buyer doesn’t payIt is a strategy that is still legal across Canada but not always well-known in all areasRTO is to help those who want to buy but can’t afford it now for various reasonsRTO starts as a regular lease with an option for the tenant to buy; also known as Lease OptionsRTO works best in a booming marketFigure out why tenant-buyer can’t buy and if it is a correctable problemFind out what tenant-buyer can afford and give them strict parameters for what they can buyGet option money from tenant upfrontFigure out the down payment required and what tenant-buyers need to pay you on a monthly basis for the length of the termThe final price has to be justified in the market at the time of saleIn a flat market, RTO may work better as an exit strategyPredatory operators have given RTO a bad rep by taking advantage of vulnerable people but there are fewer of those than beforeRTOs can be a lot of work requiring a lot of conversations with a lot of potential tenant-buyersDiscussed the pitfalls of tenant-first RTO strategy in a down market and potential ways to mitigate those risksPart of the initial Option money has to be refundableNeed to work with a bank or mortgage broker who understands RTO deals; otherwise can be a pain in the assExpect a future episode with Barry where we will discuss Wholesaling and Joint VenturesFor more information on Barry and his courses, you can find him at: www.barrymcguire.caFor more episodes and other real estate investing educational content, visit us at CWHO.CA

Our guest this episode is Nick McCullum. Nick is a software developer and Director of Growth at Passiv. Passiv is portfolio management software that makes it easy to manage your own investment portfolio. Set a target portfolio, rebalance with 1 click, and get notified when your portfolio drifts using the tool available on passiv.com.As awesome as real estate is as an investment vehicle, diversification is still important. With Nick, we go over the difference between ETFs, index funds, mutual funds, stocks, bonds, how it all works, and how you can use these vehicles to create a diversified portfolio outside of real estate. We also discuss the Canadian Couch Potato portfolio, where to invest the extra cash flow from your real estate investments, the importance of rebalancing your portfolio from time to time, and how Passiv helps you do that with a single click. If you've ever wanted to expand your investment knowledge and be more aware of some of the other options out there, you can't miss this episode. Show Notes: Discuss the difference between the stocks, ETFs (Exchange Traded Funds), and Index fundsWhat Passiv does to help you help you rebalance your portfolioWhy is it important to rebalance your portfolioThe definition of an accredited investor and what you need to do to avoid needing an accredited investor to invest with your dealWhat is a hedge fund and why people like to invest in themDiscussing the Canadian Couch Potato portfolioWhat are bonds and how they differ from bondsWhere to find good resources to learn more about stocks and investingLump sum vs dollar-cost-averaging investing; lump sum investing statistically the better choice What are the allocation options for extra cash flow from your investment properties; reinvest in property, take as cash, or invest into the marketHow Passiv works with your online brokerage How much should you allow your portfolio to drift before rebalancing; 5-10% is standardQuestrade customers get to use Passiv for freeFor more info, you can reach Nick at: Passiv.comnick.mccullum@passiv.comFor other cool investing info and content, check out our website at CWHO.CA.

For this episode, we have Kim Nguyen joining us again for Mortgage Mondays where we go over the various forms of financing available for a real estate flip project and the benefits and pitfalls of each. If you're thinking of doing a fix-and-flip, this is one episode you don't want to miss!Show Notes: Different avenues for fix-and-flip financing:Traditional bank financing with open term mortgagePrivate financing – may require less money up front and doesn’t appear on your credit reportLooking at double-digit interest rates with private lendingAmount of lending available based on After Repair Value (ARV)Banks are not a fan of flippers so private lending may be better route if you’re a regular fix and flipperMight be able to stay off bank blacklist if you hold the property for at least a yearEasier to qualify for private financing vs banksGo over what private lenders look for when qualifying a fix-and-flipperBRRR Strategy may be a better strategy to utilize with banksYou can reach Kim at mtg@kimngyn.comFor more episodes and content on how to become a better investor, check us out at cwho.ca.

For this episode, we have Diana Irving joining us. Diana has over 20 years of experience in the accounting and bookkeeping industry with numerous certifications in bookkeeping and integration software including being QBO Advanced certified. She is a member of the Certified Professional Bookkeepers Association of Canada and she is continually educating and keeping up with the latest accounting principles and software. She is also currently working on her CPA designation. In this episode, we go over the importance of having a bookkeeper as a real estate investor, especially if you want to bring on investors. We also look at the time and cost savings of having a good bookkeeper, the best questions to ask when you’re interviewing a bookkeeper and so much more. For those of you who want to grow your real estate portfolio or feeling overwhelmed, this is an episode you don't want to miss. Show Notes: Questions to ask a bookkeeper when looking for someone to fit your needsKnowing the difference between expenses and capital improvementsThe nuances of claiming depreciation on your property and the importance to looking at the big pictureThe importance of delegating vs abdicating Knowing the difference between a good bookkeeper vs someone who just does data entryHow keeping up-to-date on your business allows you to make informed decisions on a month-to-month basis and tax planningThe importance of providing professional financial statements to your JV partnersCan save money with your accountant with a good bookkeeperThe CRA recognizes digital receipts but still recommended keeping the original copy for nowThe necessity for a T776 form when filing your taxes for a rental propertyDiana's contact info:Diana Irving BComm,QBO Advanced Certified Proadvisor Off: (403) 278 5831 dlibus1@gmail.com

Hey everyone and welcome to another episode of the Commonwealth Home Ownership Real Estate Podcast. This is the first episode of our ongoing monthly mortgage education series with Kimm Nguyen. Kimm is a mortgage associate with the Vine Group with over 9 years of experience in the banking industry and has been recognized as a top-performing mortgage specialist and top-performing sales associate with TD Canada Trust. In this series, we will be covering monthly mortgage news and updates as well as everything an investor or home buyer needs to know about the banking and mortgage industry. Show Notes: Lenders usually don’t give promotions in the slow season but one lender is currently offering a promotional rate of 1.44% for both insured and uninsured mortgagesRates expected to stay low or even lower in the next several monthsLenders are starting to look at the T1 general in addition to the lease agreement and mortgage statements; claimable expenses will be reflected. Explanation of DCR (Debt Coverage Ratio) and how it affects how lenders consider you for future financing Banks don’t care much about liquid assets when you’ve hit the residential financing wall (7-10 properties)History of receiving CERB payments where you don’t qualify will automatically disqualify you from financingLenders are treating Alberta with more scrutiny due to higher perceived riskInterest rates are expected to stay low for a while$400K - $500K home price range have been most popular the past few monthsVacation property and acreage demand has increasedTIP: get financing pre-approved before you start shopping for real estateYou can reach Kimm at mtg@kimngyn.com

In this episode, Brad and Phil go over 10 actionable steps that anyone can take to get themselves in the best financial, educational, and psychological position to successfully start their real estate investing journey. The 10 Steps that we cover include:Getting your personal finances in orderStart saving for a down paymentStart your real estate investing education NOWHow to come up with a real estate investment planGet pre-approved for financingDetermining your investment marketDetermining your ideal tenantHow to start building your real estate power teamLearning how to analyze propertiesBecoming a geographic specialistLinks to relevant articles mentioned in the episode:Creating a Tenant Avatar:https://cwho.ca/finding-rental-properties-using-tenant-avatars/https://cwho.ca/how-to-create-a-tenant-avatar/https://cwho.ca/how-to-find-real-estate-investments-using-tenant-avatars/Macroeconomic Analysis:https://cwho.ca/elementor-17266/Analyzing Propertieshttps://cwho.ca/things-to-consider-when-buying-an-investment-property-part-2-microeconomic-analysis/For more tools and resources, please visit us at cwho.caIf you like our episodes, please leave us a review on your favorite podcast app!

In this episode, we talk about analysis paralysis and more specifically, how to avoid falling into this all-too-common trap. 2020 has been a wild, uncertain year and 2021 is looking more promising but there are still a lot of uncertainties ahead of us. Attached to this uncertainty is a lot of fear when it comes to making a major investment or financial decisions. Questions like, "is this a good time to invest?" and "What if the market goes through another recession?" still abounds. Brad and Phil discuss issues that may cause analysis paralysis and look at strategies and thought processes to allow you to move forward with your decision-making while minimizing your risk. Please enjoy and happy investing!

In the second episode of our unscripted series, we discuss Joint Venture Partnerships. We go over where to look for joint venture partners, the importance of developing strong relationships first before you start looking for money, the importance of having a bookkeeper; especially when it comes to joint ventures, elevator pitches, and so much more!Show Notes: People are not investing in the dealPeople are investing in YOUDeveloping strong relationships first is key in creating a successful joint ventureThree levels of relationships:Friends and familyAcquaintancesEverybody elseFocus on friends and family first for JV partnersMake sure you trust who you’re going into business with as well!Get a bookkeeper!The time savings and perceived professionalism are totally worth it!Tell, and don’t sell your real estate investment projectsDiscussed how to initiate joint venture discussionsElevator pitches

In our first unscripted episode, Brad and Phil go over what they've seen and experienced in the real estate market this year, what's expected to come, and what we've done to put ourselves in the best position to weather whatever comes our way. Show Notes: How we've dealt with vacancies during or as a result of COVIDRental market is still going strongMany would-be buyers are renting longerMany renters and homeowners moving towards larger single homes to accommodate home offices during COVIDThe government CRB payments are ending April 12, 2021If no additional funding is provided, expect to see some opportunities in the summer of 2021Discussion of the definition of a healthy reserve fundPhil's book is out! Real Estate Side Hustle for InvestorsCheck it out HERE on Amazon.caFor additional content and investor tools and resources, check us out at CWHO.ca.

For our latest episode, we have Sandy Fransham. Sandy has been investing in Real Estate since 2007 and raising capital to acquire properties with investors full time since 2008. She is a licensed Real Estate Agent with an interest in working with investors to ensure they complete the necessary due diligence required to secure a preforming investment. She has become an expert at legalizing pre-existing secondary suites in the Calgary Market with more than 30 suites legalized already. She now works with landlords to help them navigate through the legalization process. She is the proud recipient of several awards for her work with investors and her land lording skills including:2013 Joint Venture Partner of the Year (Real Estate Investment Network REIN)2019, 2013 and 2012 Top Player (Real Estate Investment Network REIN)2016, 2013 Tenant Service Award (Calgary Residential Rental Association)2011 Small Landlord Award (Calgary Residential Rental Association)Fransham Properties currently holds a portfolio of well over 10 million dollars ofcash flowing assets and 57 suites in the Calgary area. She attributes her successas much to the personal relationships and trust she has developed with herinvestors as her extraordinary attention to detail and care that she has forimplementing successful systems to manage tenants and cash flow.Sandy holds a Bachelor of Science Degree in Math with distinction in addition to a Bachelor of Education degree with great distinction from the University of Lethbridge. She spends her weekends playing in the mountains: climbing, biking or skiing with her husband Tom and two daughters Danika and Reese aged 12 and 9.

For our guest today, we have Phil Harris. He left his well-paying six-figure job to become the owner of the Property Guys franchise out in the Okanagan area in BC. They are disrupting the real estate industry by providing an alternative, affordable, and convenient way to sell your home. One of the cool things we talked about is risk and how the numbers, or lack thereof, doesn’t always give the full picture and a leap of faith is sometimes required. Keep listening to find out more.Show Notes:Real estate sales service that’s a hybrid between a self-serve and full service real estate service spanning the Okanagan from Osoyoos to RevelstokeQuit his 6 figure project management job to pursue this business to create the lifestyle he wants for himself and his familyJust dived into the business without really knowing much about the financials of the business; leap of faithZoho CRM has a lot of functionality but not the most user friendlyIn hindsight, should’ve started a business sooner with less due diligenceMost businesses are up to the owner to push it across the lineThere’s never a unicorn of a businessSometimes, the concept of the business is more important than the numbers. As long as the concept makes senseContact info:Propertyguys.comnpharris@propertyguys.comCell: 778-932-5947

In this episode, we have Alexandra Nuth. She is a co-founder of Now or Never; a business consulting agency that has already generated a 6-figure revenue despite launching in the middle of a pandemic. In this episode, we discuss the importance of action in a time like this and what you can do to help your business thrive, how to reach out to clients when face-to-face is no longer an option, choosing a business partner for the right reasons, the importance of setting a timeline for your start-up and much, much more!For those of you who are thinking of starting a business or just getting yours off the ground, this is an episode you don't want to miss!Show Notes: Introducing Alexandra Nuth, co-founder of Now or Never – a business consulting companyStarting your own business is a privilege as your life has to be in a situation that allows you to do that BD: business developmentSetting a time-frame for which you decide whether the business is a success or failure is important 4 things organizations are doing:Do nothingCut costs and surviveAggressively investing/pivot/change business modelBusiness is fine and not impactedWhere ever your business is, they should take advantage of this new environmentMoving towards digital platforms and digital marketing may provide more benefit and help companies survive Figuring out ways to get connected with your clients without having that face-to-face interaction Important to replicate the effort that you would normally put into an in-person meeting when reaching out to clients or potential clientsWhen you start your business is important as you may not have the experience or connections when you’re youngerIf you need extrinsic motivation to work hard, you might want to think about another career pathYou need to love the journeyImportant that you choose your business partner for the right reasonsDiscussed paid coaching vs forum of your peersImportance of finding a coach that provides what you need at the timeDiscussing advice for starting your own businessImportant to do the research before starting your own businessIs the market big enough?Who are your competitors?How hard is the execution?Just jump inDiscussed how to best do market research for your businessTalk to others in the industry to get adviceYou can reach out to Alex via:LinkedInAlex@nowornever.network

In this episode, we have Jason and Randi Buerfiend joining us from Vernon, BC. They are the force behind Flight, Camera, Action Home and Drone Photography and we get to hear how Randi, by focusing on doing what she loved, was able to replace her 9 to 5 income with her side hustle in a matter of 5 months. We also talk about the importance of networking and giving back to your community and how your past doesn't have to define your future. It's a great conversation that we feel will resonate with a lot of people. Enjoy!

In this episode, we discuss the many different opportunities real estate provides, from typical buying and selling to fix and flips as well as private money lending and raising capital. We’ll also discuss the importance of surrounding yourself with not only like-minded motivated individuals but people that are in the business of taking action. Victor Pang recently won the top 10 sales award back to back in 2018 & 2019. While building a successful career in the real estate industry as well as a profitable portfolio, Victor has also created a full-circle real estate service offering property purchasing and sales, property management, real estate consulting providing independent advice, and private Canadian Mortgages funding long and short term real estate projects.Victor can be reached at: www.THEPANGTEAM.comwww.EnterExitRealEstate.com

Tune in for a great conversation with Shelley Visser of Front Door Investments. Shelley covers how she gained a wealth of real estate investing experience while supporting her family. Her experience ranges from 16+ years in the airline industry, quick flips, suited properties, multi-family property management and private money lending.Shelley talks about the necessity of mind-set, strategies to break down mental barriers, and provides a fresh perspective on the age old question “How many properties do you have?”.Shelley Visser can be reached at: shelley@frontdoorinvestments.ca

In this episode of the Just Start podcast series, we have James Knull joining us from Mogul Realty Group in Edmonton. James himself is one of the top 1% of realtors in Edmonton and his team was the top team in REMAX in 2018. He has invaluable advice on not just how to become a successful realtor but a successful entrepreneur. We get to hear his insight on the importance of maintaining a sales funnel and what separates the merely good from the best out there. In addition, we discuss the importance of how a health-focused routine is key to maximum performance, and how creating systems in your business can, in turn, create opportunities for mini-retirements that would make Tim Ferriss proud. We know you will enjoy this episode!BONUS: there was a ton of extra content after the interview was supposed to end so we decided to include all of it. Hang tight until the end because it's totally worth it!

In this episode of the Just Start podcast series, we have Brad Price interviewing Mike Bugg. Michael Bugg is a full-time real estate investor based out of Saskatoon, Saskatchewan. Formerly a Veterinarian, his journey to becoming a full-time real estate investor included overcoming fear and completely shifting his mindset around limiting beliefs and possibilities! Now focusing on multifamily investing, Michael strives to help others make positive changes in their life and enjoy the benefits of real estate investing.Brad & Michael dive deep into the power of a positive mindset and positive thinking, and how coupled with creating good habits can lead to phenomenal success. Michael will take us on a journey recapping his emotional rollercoaster ride going from a highly sought after professional to a full-time real estate investor.

In this episode of the Just Start podcast series, we have Peter Blake Petilos joining us from Accure Wealth Real Estate Investment Solutions. Blake's investment tactics centers around fix-and-flips, rent-to-owns, and the oft-mentioned but little-known tactic of AirBnB lease arbitrage where we dive into some detail. We also hear about Blake's journey as a young man from the Philippines to Canada and how in three short years, Blake goes from not knowing anything about real estate investing to a full-time investor. If you want to learn more about alternative investing tactics and ways to overcome your obstacles, no matter how daunting they may seem, Blake's inspiring story is one you don't want to miss!Blake can be reached through Facebook or his website at accurewealth.com.

In this episode of the Just Start podcast series, we welcome Brett Michaels the CEO of Springport Wealth to talk about the trials and tribulations of starting out as a real estate investor and what it's like to learn the hard way. We'll also dive into why it is so important to work with a coach, how building a strong power team can empower you and why having efficient processes are a must for you to be successful.

In this episode of the Just Start Podcast Series, Bill Biko sits down with MacKenzie Wilson and discusses how his wife Karen was the catalyst that started their real estate investing journey. Since then he's personally managed over 1,500 tenants and screened multiple thousands more! This experience has led Bill to become the go-to expert on the eviction process here in the province of Alberta. We also talk about how he has been able to generate a positive cash flow of over $1500 per month -- 5x market average -- on multiple properties, all while carrying a mortgage!TUNE IN TO LEARN HOW BILL USES THIS GAME CHANGER INVESTMENT STRATEGY!

In this episode of the Just Start podcast series, Phil has a conversation with Darwin Lahue from Tersalus Income Properties. If you think you don't have time to invest, this is the episode for you. Darwin is a nurse, a flight attendant, currently working on his 4th post-secondary degree as a nurse practitioner, and runs his real estate investing business. We also talk about focusing on niches, getting yourself educated, and so much more. This is an episode you definitely don't want to miss.

In this episode of the Just Start Podcast Series, we have Kimm Nguyen joining us. Kim is a mortgage broker working with the Vine Group and originally started her career as an advisor at a large Canadian Bank before transitioning away from the typical 9-5 regaining the control of her own time as a specialist mortgage broker. Kim not only works with home owners and investors to help them find the best products that align with their goals and build their portfolio’s but is also a real estate investor as well. We discuss going from a typical 9-5 to being the manager of your own time, some of the pitfalls people experience starting out and the importance of time management.