Real Talk With Gary - Real Estate Investing

Gary chats in this episode with Susan White Livermore, also known as the Millionaire Mom. Gary and Susan sat down in person to talk about investing, Susan’s role as a coach, and how the pandemic has changed the way we do business. They also touched on Susan’s childhood and the fundamentals she picked up from her parents; her coaching programming from beginning to end; and her transition from the corporate world to self employment. What you'll learn: How her parents involved her and opened financial dialog at a young age What prompted Susan’s move from the corporate world into real estate How her brother’s challenging financial situation changed her outlook How he bought his first house while in debt, with no credit and NO job Why he was fearless and how it changed Susan’s course of action Why she bought her first house with her dad She wasn’t aware of any bylaws around renovations at the time She started with renting her house out to students Why it’s better to have a mix of male and female tenants in the sa

Gary chats in this episode with Alex Kouramanis. Gary and Alex discussed his first property, which was BRRRR (Buy, Renovate, Rent, Refinance, Repeat) and parlayed that into many more properties, and has become a big property wholesaler. He also has launched an online learning platform to teach others his strategies. Alex also talks about how people, who lack credit and $$$ can get into real estate investing! What you'll learn: * Why you should work hard, but also play hard * Why downtime can lead investors, and everyone in fact to clarity and allow you to refocus * Why Alex read “Rich Dad, Poor Dad” and what came of it * How mindset and manifesting really work * Why education before investing is essential * How our upbringing plays into our beliefs and how to overcome those * What was his timeline from working on mindset to buying his first property * Why relatives with equity in their homes may be able to help (OPM - Other People’s Money) * Why joint ventures partners are useful and sometimes necessary * How

Gary chats in this archive episode with financial planner Kathleen Van Den Berg. Gary and Kathleen discussed the classic financial planning mistakes that most Canadians make, and Kathleen believes that there are many aspects of traditional financial planning today that are fundamentally flawed. Kathleen deals with life insurance, wealth insurance, RRSPs, etc. She considers herself a ‘wealth strategist’, as she recommends and helps her clients with investments such as real estate, which traditionally does not fall under the umbrella of financial planning. What you'll learn: * The MOST common mistake most Canadians make with financial planning * Why Kathleen’s multi pronged approach examines all aspects of a client’s money profile and how they integrate * Should you invest in RRSPs for tax strategies or retirement, THE ANSWER MIGHT SURPRISE YOU! * What Kathleen thinks about RESPs, and why the funds are locked if they don’t go to school * Do you have the correct life, disability, home and auto insurance? * Why K

Gary chats in this episode with his friend Fabio Campanella who is an accountant. Gary and Fabio chatted about some things that most people don’t think about, or like to think about but should. Wills, probate, joint ventures and many other factors affect estate planning. There are tax implications to be concerned about as well, not leaving your beneficiaries a large tax bill surprise after you pass. These topics and more are discussed in this engaging episode. What you'll learn: Why you should choose an accountant that is familiar with investing and real estate details Investors should be investors and accountants handle the details The details surrounding estate planning and why they are increasingly important - wills, trusts and corporations What is probate? The concerns and benefits of joint ventures, and the implications of estate planning or untimely death How wills work They discussed different types of insurance Should you consider transferring some of your investment properties while you’re alive, to

Gary chats in this episode with George Dube of Dube & Cuttini Chartered Accountants LLP. George is a veteran real estate accountant and an investor himself, and after growing up around accountants he decided that was his path. He and Gary chatted about what to look at before selecting an accountant; should you incorporate before purchasing an investment property; and if you do the work yourself, can you write off the ‘sweat equity’. A quote Gary wanted to share: “Anxiety is thinking about the future, and depression is thinking about the past”. Don’t dwell in the past or in the future.  What you'll learn: * What questions you need answered before selecting an accountant * When and if you need to incorporate when you decide to be a real estate investor * If you do your own renovations on an investment property, can you write off this sweat equity * What research George did with his clients success, to determine the factors that lead to making money * Why an accountant who is also an investor speaks the same

Gary chats in this episode with Tara Baylis from Our Neighbourhood Realty! This was recorded back in March, and held off releasing this due to COVID. They dove deep into why she’s become such a top-seller in the Durham region, how lead-gen works, how the Agent Locator works, the power of mindset and more! This podcast may be focused more for real estate agents, but still some worthwhile information for investors. What you'll learn: * Why online lead generation is and can be extremely effective * How to cultivate and nurture leads that come in * Why she calls herself the ‘hardest working realtor in Durham’ * How Agent Locator helps her track leads and enter them in their CRM system * You could send out targeted emails, etc. * Agent Locator is a great system for new agents * Is calling still an effective method of communication vs. email, text, etc * You can set up Agent locator for your client’s price range and area, and how often they want to see listings * You can also see which properties they have viewed

Gary chats in this archive episode with Nicole Bridges from RYIS Properties! This bonus episode has Gary and Nicole chatting about property management, about why some people choose to use a property manager, and some don’t. Nicole has worked with many of Gary’s clients and done great work. This episode is PACKED with tips and practical advice to make your investments stressless! What you'll learn: Should you get a property manager or do this on your own What to look for when searching for a property manager Get the emotions OUT of the investment Having an investment manager lowers stress and workload Screening tenants and avoid tenants from hell What you should do every year with your investment properties How often you should inspect your investment properties Simple tips to avoid professional tenants How much should a property manager cost The eviction process, how it works and why a property manager can help avoid this How long does an eviction take, and what paperwork is required After hour services of a

Gary chats this episode with his good friend Alfonso Salemi from JAAG Properties.  They talked about how Alfonso got started; the mindset required to do this; and what rent to own is all about. What you'll learn: What book prompted his start in real estate How he transitioned from active to passive income Why his original income goal was only $25,000 Why he started taking courses to increase his knowledge He didn’t have a lot of $$$ when he started in real estate What his first deal was like, and how many families he had to go through before he could help his 1st family What lessons he learned from his first deal and what expenses were incurred Was his first deal a solo deal? Why mindset of ‘just going and doing it’ is so important Why he had a mentor Why the 4 hour Workweek is not plausible, but contains vital information Why it’s important while you are pursuing your financial freedom, that you still enjoy each day, and being present Why time is more important in many ways than money Is ‘rent to own’ still

Gary is chatting in this archive episode with Erik Mitchell, about his start in real estate investing. Erik isn't your typical RE investor, as he has a background in business, became a licensed mortgage agent, taught himself about the challenges in investing, and also now educates others on the possibilities with investing! He and his brother now have a portfolio of over 64 units, so this is a podcast you DON'T want to miss! What you will learn on this Podcast: How to get started in Real Estate Investing Should you use the equity in your home to invest Should you focus on turn-key properties or ugly homes 7 secrets To finding hidden GEMS in Real Estate Investing How solving problems is an important skill to learn Can you still find great deals on MLS The importance of finding motivated sellers What a vendor take back is and how it works The importance of being a local market expert How to get rid of bad tenants easily When and where do tenants make their buying decision The importance of understanding your t

Gary chatted with Bradley Watson, host of #1 podcast on iTunes, Spotify and Google Podcasts for Toronto Real Estate! They had a wide ranging convo on various topics such as can you buy cash flow properties in Toronto; the effect of immigration has impacted the market; the stimulus packages provided by the CDN government, and what happens when they stop, much more! What you'll learn: • Can you buy cash flow properties in Toronto; • The effect of immigration has impacted the market • The stimulus packages provided by the CDN government, and what happens when they stop • Why real estate careers offer more flexibility and perks than a 9-5 jobs • Why cash flow is a deciding factor for first time investors • What is a primary residence exemption, and why it matters • What are the tax implications of your investments? • Should you incorporate to buy properties or do it personally, and you CAN do both • The number of properties you want to hold determines if you incorporate • Do you want a portfolio of properties, or

Gary guests on Real Conversation with Kelly Skar! This bonus episode features Gary on the other side of the mic, and they chatted about mindset, motivation, an overview of real estate fundamentals, and how you can innovate during a time of crisis! What you'll learn: How you can design your own life…what you want to earn, how much vacation time you want? etc. Finding and understanding your ‘why’ Understanding real estate fundamentals How Gary’s financial situation pushed him into real estate, but looking at the Andex chart Why credit encourages you to spend more than you make Consolidation debts can lead to frequent maxing of debts You NEED to find a way to make money while you sleep, or you’ll always be working FOR money! Real estate investing helps you make money 24/7/365 Gary doesn’t necessarily LIKE real estate investing, but it gives him the freedom to do other things As mentioned before, start as SOON as you can… Picking the right neighbourhoods to invest in Population growth is one fundamental Income

The Real Estate Empresses are Sarah Larbi, Gabrielle Campbell, Jenn Richter, Jessica-Ann Buchta. This podcast was recorded in May, & while they were speculating about what might happen in the market due to COVID, a lot of it has come true. They discussed how they have shifted their investments since the pandemic began; also about whether a second wave would happen & its effects; censorship; the narrative that the mainstream media is telling; how to pandemic proof your life! What you'll learn: Sophisticated buyers are still buying, house flippers & professional landlords Great deals are out there, fewer offers, fewer buyers less competition Some properties ARE receiving multiple offers This is still a great time to buy your first investment property Lower supply issues Prices are fairly stable, what about year to year Why new or first time buyers are hesitant Wholesale deals are still happening, makes it easier for sellers Why today is STILL better than buying tomorrow Now may be the best time to

Randy Gill on Finding Your Awesome! They talked about mindset, gratitude and giving back to the community. Gary provides 3 ideas and tips that he uses to help him life! What you'll learn: * Why now is a GREAT time to examine your life and make changes! * What was the moment that crystallized his desire to do more for underprivileged kids * Their opportunity gives hope and opportunity to those that are lacking in both * How many communities are impacted by their work in their 10 year journey * How Their Opportunity gives back, but expects those receiving help to pass it on, and give back as well * How they have created a cycle of generosity * Why it's important that they are invited into communities * What is the intake process for someone wanting their child to be part of Their Opportunity * Why Randy is the ‘hope dispenser’ * Why hope is stronger than fear, especially during COVID times * Why you should believe that good things are about to happen * When you go into a situation with ‘fear first’, you derail

Gary chatted with his good friend Aslan Mirkalami, an author and The Result Doctor! They talked about a wide range of topics… What you'll learn: Why every belief we have is a lie How you become like the people you are in close proximity to Why people that become wealthy all share a certain set of beliefs - e.g. they don’t believe money is evil, or you don’t have to be an evil person to be wealthy They don’t have beliefs like “I’m not worthy of money…”, “Money doesn’t grow on trees”, “Money is the root of all evil”, etc. A belief is statement of idea without any physical proof Aslan can show you how to dismantle limiting beliefs and replace them with empowering ones The amount of hours you conscious mind is awake or aware What a cashless society might look like, and what a new currency could be to replace it Currencies such as cash and cheques convey confidence, and involve trust Why the banks are your friend when you need services, but when times are tough they get tough Aslan’s opinion on mental illness, CO

Gary chatted with investor Glen Sutherland, a Canadian investing in the USA. He started with buy/hold investments early on in Canada What you'll learn: How Glen migrated from buying one investment property for his retirement to multiple units How the ‘Bank Of Grandma’ played in to his early success - family members can be a great source of cash for your investment journey Proactive strategies for dealing with tenants and rent, if they are struggling or lost their job, especially during a pandemic Should we be investing in real estate now, or see how things play out over the coming months? Why it still may be a good time to invest, based on past cycles What happens if there is a shortage in properties for sale, or if there are too many properties for sales? The differences between investing in the States and Canada How you must do research to see where you will invest in the US Why prices are more favourable in certain areas, and make it easier to get into the market vs. Ontario Why renovation costs in the US

Proactive Mental Health Strategies Gary chatted with Jen Couto, a trainer who has a passion for movement! She also helps women discover their best selves, and also worked in the mental health space. This journey also helped Jen deal with her own depression, self esteem issues What you'll learn: How she migrated from an in person trainer to online training, and why she feels that yields better results How she has created and fosters an online community for her clients In person training is very focused She guarantees results Jen has both free and paid communities People seem to be binge eating or not getting enough good nutrition Why she asks clients what their ratio of good food to junk food that was eaten in the past week She helps people increase activity and eat well when their bodies are under incredible stress during the pandemic How sugar plays into stiffness How Gary did 1 run this week and it made all the difference in the world We may be able to be positive, but people are struggling How to motivate

Gary answers some questions that have been sent to him on Instagram first, then welcomed Matt McKeever, a young investor who quit his job at age 31, effectively retiring and living life as an investor full time. He started with rentals for students, and moved up to multi unit rental spaces. He and Gary had a robust chat on many topics, especially balancing the need for cash in an investment property vs. the time you devote to your investments! What you'll learn: * EXPECT to make mistakes when you begin as a Real Estate investor * Don’t let it stop you from taking action * Surround yourself with a strong team * You won’t hit a home run on your first property * How Matt has repositioned due to the market realities of COVID * Techniques to attract people to view properties virtually * How commercial lenders are changing their rules almost weekly * Why Matt started his YouTube channel for Canadian investors * Is real estate investing still a worthwhile pursuit during a pandemic? * Matt discusses how to determine

Gary welcomed Aziz Velji, teacher of human potential and author of “CALM BRAIN, POWERFUL MIND: Abolish Stress to Unleash Your True Potential”. CALM BRAIN, POWERFUL MIND is a comprehensive and seminal self-help book about how a person can eliminate stress from their lives in order to access the inherent power of their mind, and live a happy, healthy, and creative life. Gary and Aziz had a great chat about beliefs, thoughts, actions, mindfulness, meditation and the ability for change! What you'll learn: We have two ways or mindsets to respond to events - fear, unhappiness, stress, OR happy, calm, alert, resilient mind. Why the first 7 years program our beliefs for the rest of our lives, by people who want the best for us, but are teaching us what they know 70-75 of programming delivered to us is counterintuitive to our needs and is subconscious a child doesn’t know cause and effect, and this results in “I don’t deserve it mentality” After age 7 the conscious mind starts to evaluate our beliefs and our thoughts

Gary welcomed Howard Tavroges, a paralegal who has represented both tenants and landlords at the Ontario Tenant Review board, but now exclusively represents landlords. Tenants are not paying rent, banding together for support. Since these are difficult times, Gary picked Howard’s brain about the legality of this current situation, and how landlords should proceed. Landlords aren’t powerless, however there must be a process followed to ensure a happy and legal outcome. What you'll learn Why tenants are banding together to defer rent Has the tenant been proactive to propose a rent solution Is the tenant using the pandemic as a ploy, or having genuine trouble paying? Should landlords issue an N4 Should landlords then file an L1 What suggestions Howard has for landlords during this time with COVID 19 What about vacant possession - What if a seller has sold their home with a tenant and the buyer is going to occupy the home Howard’s suggestions about collecting rent Can you use the last month’s rent to fill in the

Gary welcomed Kathryn "RaRa" Asaro Mayers & Colleen Lindberg, founders of WYSIWYG into the studio for a really fun and engaging chat about WYSIWYG. WYSIWYG "What You See Is What You Get" is the easiest explanation we could come up with for the name of our PROJECT. The results KOLBE A Index and KOLBE F (Financial MO) Index provide are clear & concise. You will know exactly how you do things according to your connate abilities. Kolbe A index measures your instinctive way of doing things and the result is called your MO (method of operation). It is the only validated assessment that measures a person’s conative strengths. Gain greater understanding of your own human nature and begin the process of maximizing your potential. What you'll learn Why Kolbe tests can help anyone interested in how they operate The 4 quadrants of a Kolbe test and what they show They can be used for interpersonal relationships, both personal and work-related Build businesses that match our strengths Assess how potential business