We have my old friend Andrew Hines and his co-author of an all new book John Schwenker! Andrew needs no introduction and John is an everyday hero, a firefighter and recovering real estate investor.

Andrew has taken his turn sharing how he lost money investing in Ohio now it’s John’s turn to share how he made a bunch of money in Ontario, lost all his profits in the recent correction but it’s not all bad news, John’s short term rental property in the US is a winner. I’m confident you’ll agree when you hear his numbers especially when compared to his Niagara Fall, Ontario short-term rental.

In this episode, John and Andrew share their journey to writing this book so we may all learn from their mistakes and how to be successful in their book which is like Tim Ferriss’ “Tools of Titans” where other experts have contributed chapters to the book including yours truly.

To pick up a copy of the book:

“Real Estate Titans: Tools, Tactics and Wisdom for Canadian Real Estate Wealth.”

Link: https://www.amazon.ca/Real-Estate-Titans-Tactics-Canadian-ebook/dp/B0CZZZWP3Z/

To follow Andrew and John:

@theandrewhines

@john.schwenker

On to this week’s show! We have one of my oldest real estate investor friends Andy Tran who was among my first clients and home inspectors.

I’ll always remember the first deal we did together, a detached house in Hamilton for $216,000. The house had been sitting for nearly two months before we came along and during our appointment to see the property, I noticed there was something not right. The owners listed a man and woman’s name but while inspecting in the fridge and closets, I could tell only the father and kids lived in the house.

In speaking with the listing agent to gather information for our offer, the agent informed me the sellers were divorcing and hated each other. Knowing we had a motivated seller, our offer was a low one and was promptly accepted to our surprise. Note that we also included our closing costs to be paid for by the sellers. This was back in 2010 and we’ve both come a long way.

Fast forward to the present, Andy is the market leader in secondary and tertiary suite additions. In plain language, that’s basement apartments, additions for self contained apartments and garage or garden suites which are also apartments.

Andy is a master of maximising the rental income that can be generated from one property. Andy has consulted and designed over 100 apartment conversions between my clients and I including land severances.

If you’d like to learn more about Andy’s services available at Suite additions, simply go to www.suiteadditions.com where he has checklists and beginner guides to secondary suiting plus his in person training program Andy mentions on the show which sold out in April but expect another this fall.

Andy’s a good guy and that’s the truth about real estate investing. Please enjoy the show!

My friend Shawn Bedard who I first met at REIN over ten years ago and our real estate investing paths were quite different. Back in 2010, Shawn couldn’t find deals that make sense in Ontario so he went to landlord friendly USA and bought 4 houses in Atlanta and 10 in Memphis, Georgia. His experience and investment went…. I’ll let him SHARE.

Other than real estate investing, I’ve invited Shawn on the show to discuss his volunteer work at a non-profit organization called Entrepreneur’s Organization (EO), specifically the Accelerator program where Shawn leads the initiative to guide entrepreneurs with $250,000 to 999,999 in revenue USD to get over a $1 million USD and become a full member of EO.

EO has been an invaluable resource for entrepreneurs like Shawn and I. I luv it hence I joined the board of our Toronto chapter. What I luv about EO members is they’re kind, successful people who all want to make their mark in the world.

Our values are:

• Trust and Respect. Each of us is unique and equal. ...

• Thirst for Learning. We have an insatiable curiosity. ...

• Think big, be bold. We innovate, take risks and see opportunity in a challenge.

• Together we grow. We are committed to each other's growth and well-being.

To learn more about EO’s Accelerator program

https://eocanada.com/accelerator/

To connect with Shawn:

LinkedIn: https://www.linkedin.com/in/shawn-bedard-65a3/?originalSubdomain=ca

Web: https://jigtechnologies.com/