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/

We have my friend Adam Kitchener back on the show as we get along because he keeps it so real. No pictures of him on a private plane, or luxury vehicle or luxury watches. Well he does actually but they’re obviously photoshopped as he’s poking fun at the phonies out there.

Don’t get me wrong, luxury stuffs great. I personally luv it when folks celebrate their success and reward themselves. Keep in mind, most successful people in my experience don’t brag about their wealth, read “the Millionaire Next Door” if you don’t believe me. The book describes 99% of my millionaire clients exactly. Why would anyone brag about their cars and watches or gold chains, on social media? That would make them a target for robbery. Adam actually rips people who do such things and turn out to be frauds on his social media accounts.

On today’s show, Adam recounts his trials and tribulations of being a full time, active investor. He shares how he finances deals including private money, the numbers on the deals he’s done, why they are deals, how cash flow and timely execution is paramount to survival and he pulls no punches, it’s not sexy.

He’s been assaulted and harassed by tenants, arrested by police, bought houses with backyards littered with used syringes from drug dealers.

Investment wise, he’s doing excellent and well setup for the future but it was far from sunshine and rainbow getting here. Feel free to reach out to Adam on social media, he’s happy to take a question or two for anyone who needs a second opinion on anything real estate related.

https://www.instagram.com/mradamkitchener/

https://www.facebook.com/adamrkitchener

Please enjoy the show!

Returning to the show is Andrew Kim from Brampton who identifies as American. He used to invest locally, the return on time wasn’t there so he bought 20 houses in landlord friendly USA ten years ago now he cash flows over ten thousand US dollars per month. His Accountant Carmen was the one who guided Andrew to invest in the USA along with several of her Accounting and Financial Planning Clients since 2008. Since then they’ve combined forces to make the same opportunities available to everyday Canadian investors with the company they co-founded call SHARE thanks to their innovative technology and automation to bring down the costs substantially.

Full disclosure: I am an advisor to SHARE, meaning I get paid to develop their business in Canada through Marketing and Sales. It's the most fun I've ever had in my real estate career. I wake up every morning excited to speak with investors and help them find opportunities in the USA. Active as an investor and landlord since 2005, I'm eager to share with my clients and community a simpler way to combat inflation and build their wealth with less risk and higher cash flow, in places where investors are truly welcomed.

I want to thank Andrew and SHARE for inviting me along for the ride and for helping me invest in USA. I can’t wait to start making offers in May after my rentals here are sold and closed.

As I mentioned, Andrew’s context of real estate and investing is very American since he lived in California for five years and wants to go back. He’s here today to share what 150 Canadians interested in investing in the USA have said to him.

Please enjoy the show.

📅Join Our Upcoming Workshop: How to Invest in the U.S. Real Estate Market as a Canadian Investor! For those who’d like a deeper understanding of how to invest in the USA, we are happy to announce our next US investing workshop on Saturday, April 13th.

🔗Sign up: https://USAworkshop.eventbrite.ca/?aff=YT

We have returning to the show my friend Seth Ferguson and I want to thank him for hosting the biggest real estate event of the year May 24-26th. The Friday is a 101 for beginners then the main course is the Saturday and Sunday and I’m excited to see all my friends from the community, hopefully our 17 listeners and Wolf of Wall Street Jordan Belfort.

I don’t know his full story outside of the Leonardo Dicaprio movie, he did go to jail for doing awful things with peoples’ money but I know he’s got great stories to share how he did it all wrong and if he had only played the long game and stayed legit, he would have made 10X the money.

Robert Herjavec of Dragon’s Den and Shark Tank is the other keynote speaker along with a secret guest Seth will reveal on the show!

Seth is pretty awesome too, I can’t wait to be there to support my friend and I look forward to seeing everyone!

On today’s show Seth shares the journey to the third Multi-family conference, how and why he chose these speakers, how this year will be drastically different than years past. We’ll discuss why Seth from Milton, Ontario owns no income properties in Canada and focusses his own efforts and capital in southern USA along with some of the numbers.

https://multifamilyconference.ca/

Metro Toronto Convention Center

May 24-26th.

Please enjoy the show!

This week we have a very special guest in Patrick Francey, CEO of the Real Estate Investment Network (REIN for short).

What makes REIN special in my experience is they’ve always been affordable, REIN has been around longer than pretty much all the other real estate education or networking organizations. They focus on economic fundamentals and cash flow, they literally teach both subjects extensively once per year in each of the cities they operate.

As such, their members are among the most successful in the investor community and their members risk way less. Never did they teach high leverage investing or promissory notes in my experience.

OPM or joint venturing instruction was almost entirely equity based to preserve cash flow, reduces risk, allow the passive partner to participate in both upside and downside.

On the other hand, I’m having regular conversations with investors about professional coaches and small REIT owners who are behind on payments to their investors and folks are lawyering up. Never in my experience have I seen this scale of lawsuits in my experience hence I feel the timing of this interview with Patrick and last week Tom Karadza of Rock Star real estate is timely.

We’ve had lots of experts on this show including Alberta real estate investors but I do want to highlight what makes today’s guest in Patrick Francey standout.

Patrick’s role at REIN places him at the forefront of research and education, he has thousands of REIN members to network with across the country to help him make informed and profitable decisions. Patrick admits he’s a wee older than I am and benefits from having been both a business owner and real estate investor for several economic cycles both boom and bust.

On today’s show we reminisce about what has made REIN members successful over the decades but it’s been far from perfect, we’re talking about Alberta here who had been in economic winter for a decade, prices had crashed and the energy sector has been neglected at the federal level. As for the future, it’s bright for specific parts and strategies in Alberta which Patrick details.

• Website: reincanada.com

• Email: info@reincanada.com

Please enjoy the show!

On today’s show, we have one of my mentors and brokers in Tom Karadza, co-founder of Rock Star Real Estate Brokerage, Inc who in my experience is one of the best leaders and influencers in our community. If results are what matters to you like they do for me, Rock Star’s 1000+ members are well educated in investing and are among the most successful especially after you adjust for risk. No get rich quick schemes at Rock Star.

On today’s show Tom and discuss how Rock Star members have weathered the current storm, how the pandemic ruined my bitcoin gains, while Tom is laughing all the way to the bank… does that saying work when referring to Bitcoin gains?

Anyways, Tom and his brother Nick Karadza are hosting the next Your Life, Your Terms event live and in person Saturday April 6th at the International Centre near Pearson Airport.

This is likely the largest room, 1000+ attendees expected, or successful, action takers you’ve ever met where the talks are fresh, no repeats allowed, Cherry will have a booth, I’ll be networking wearing a USA Hockey jersey. If you’re a client, I have some pull so you can save the hundreds of dollars on tickets, everyone else, details and link to register in the show notes: https://www.yourlifeyourtermsevent.com/