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Episodes
Tuesday Oct 27, 2020
Tuesday Oct 27, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn how to become a great landlord
Find out the mistakes most landlords commit to prevent tenant conflicts from arising
Find out how to screen tenants better to avoid serious issues with them
Resources/Links:
Landlord by Design: Complete Guide to Residential Property Management by Michael Currie
Summary:
Michael Currie is a landlord and property manager from Canada. He had been flipping houses from 2001 until 2009 when he, his wife, and a close friend formed The Fort Nova Group Limited. Since 2009, they have been using a buy/hold investing strategy, and, with the exception of a couple of income property flips, have been building an investment portfolio. Michael has extensive experience working with contractors, tradespeople, project managers, property managers, and tenants to make renovations as non-disruptive as possible.
In this episode, Michael shares how he went from flipping properties to finally become a landlord to many properties. As soon as Michael got involved in buy and hold investing, he saw a need for property management education. He started a mission to educate and assist independent landlords all over the world with his blog. In addition to Michael’s hands-on property-management experience, he created a manual that shows the how-to in repairs and maintenance. Tenant management was also part of what he blogs about as there are issues that came up with his tenants and other landlords may resonate with.
Topics Covered:
01:52 – Getting better at being a landlord and all the issues surrounding it
06:34 – Biggest mistakes that are often seen in property management and tenant management
09:21 – How to handle tenant-from-hell scenarios
11:12 – How to avoid issues with tenants
12:53 – How to screen better your tenants
13:31 – Why you need to look up your tenants’ credit report
Key Takeaways:
“No one really talked about what it actually means to manage a property and negotiate with tenants and negotiate with contractors and just a lifelong customer experience.” – Michael Currie
“Where I see people get into trouble is, they tend to either to buy the book, and they’re afraid of either breaking the rules, or they’re afraid of negotiating out or having what they may consider confrontation and not realizing that it’s a customer service business. Without the tenants, we have no revenue.” – Michael Currie
“I think that you really need to not take it personally and look at the best interest of your company and the tenant, and how it’s going to work out best for both parties and make it a win-win.” – Michael Currie
“To avoid tenant issues, clearly you need to have tenant screening, any place tenants by a landlord that people are in trouble with, it generally can be traced back to the screening because the first thing I ask is,’ send me over the original application when you approve this tenant.” –Michael Currie
“For reference checks, we always do a credit check. That’ll tell you if they might have omitted a place that they were evicted from or had a bad experience, that’ll show up on a credit report.” – Michael Currie
Connect with Michael Currie:
www.landlordbydesign.com
Facebook
Twitter
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
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Friday Oct 23, 2020
Friday Oct 23, 2020
What you’ll learn in just 17 minutes from today’s episode:
Find out the investment strategy that has given Kevin steady cash flow and an appreciation advantage with the property
Learn about the benefits of focusing on rent-to-own properties
Find out the pitfalls you should avoid in dealing with a rent-to-own investment strategy
Resources/Links:
waypointproperties.ca
Summary:
For the past 10 years, Kevin McHardy has built a steady love for real estate through focusing completely on relationships. Whether it’s helping families proudly move into their first Rent-to-Own home, or reporting significant returns to their growing team of investors, or learning from like-minded leaders in the industry, it’s the people that make his work matter. In this episode, Kevin shares about his rent-to-own investment strategy and how he structures deals around them. Creating benefits for both the investor and the tenant-buyer at the same time, and taking the worries off of the property management, as it is taken care of by the tenant.
Topics Covered:
00:57 – How he transitioned from an airline pilot to real estate investing
01:42 – What is a rent-to-own investment strategy and how does he structure deals of this type
04:33 – Giving an idea of what a wholesale version of rent-to-own is
07:15 – Benefits for tenant-buyers for doing ren-to-own
09:48 – Advantages to rental operators of rent-to-own properties
10:47 – Price points consideration of properties in the area he is focused on and its typical terms
11:52 – What rental cash flow difference you get doing the rent-to-own versus having the house as a rental property
13:24 – What are the dangers of the rent-to-own strategy
16:56 – The advantage of getting outside credit coaches
Key takeaways:
“The benefits for tenant-buyers of our program is, they’re picking the house and we’re buying it right for them, they’ll know their set purchase price. That’s a great scenario and the rents won’t increase.” – Kevin McHardy
“As a rental operator the benefits for us would be obviously great, great, great returns of monthly cash flow is a big one and also the sale price so there’s a good amount of built-in appreciation so we know the sale price at the end” – Kevin McHardy
“We’ve got a third-party company work outside of our mortgage. Depending on their credit score (tenant-buyer), we’ll set them up and we’ll build that cost into the programs to help them out to really make sure that we can achieve the homeownership at the end.” – Kevin McHardy
Connect with Kevin McHardy:
waypointproperties.ca
Facebook
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Oct 20, 2020
Tuesday Oct 20, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn what a BHIR strategy is and how to fully leverage it
Learn how to buy turn-key properties, increase the value and sell them for higher returns
Learn how to find capital for your deals without digging into your own pocket
Resources/Links:
tysoullinvestor.com
Summary:
Tyler Soulliere is the President and Founder of TySoull Investor, which invests in Real Estate in the Windsor and Essex County Area in Ontario, Canada. They specialize in developing properties in Windsor, and Tyler is the CKO of TySoull Educator, a company that teaches others how to invest in real estate.
In this episode, Tyler shares his real estate strategy that provides cash flow throughout the years; How to increase the value of your property over time and sell it for higher profits.
Topics Covered:
01:10 – How he started out in real estate and what his main focus at this time
03:31 – How he focuses on being a realtor and real estate investor-entrepreneur
04:10 – What properties are giving him the cash flow these days
06:10 – The highs and lows of flipping properties
08:29 – What is a BHIR method strategy he’s focusing into now
12:14 – On being named the Canadian Real Estate Wealth magazine investor of the year a few years ago
14:59 – How he gets capital for his deals
Key Takeaways:
“As I kept flipping a couple of properties here and there, I started looking at the bigger picture, why always depend on a big payday when I could just slowly get out of the solid real estate to then have passive income from rental properties.” – Tyler Soulliere
“If you keep flipping properties, it’s not really a passive income, it’s always active.” – Tyler Soulliere
“If I can increase the income, I can increase the value and that’s kind of my strategy. I actually called it the BHIR method, the Buy, Hold, Improve, and Refinance method.” – Tyler Soulliere
“Because I found renovating any properties expensive, contractor. trades, labor materials are all getting more costly. So, then I look for this kind of almost hidden gems that I don’t need to do any work, they’re turnkey when I buy them.” – Tyler Soulliere
Connect with Tyler Soulliere:
tysoullinvestor.com
LinkedIn
Facebook
Twitter
YouTube
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Oct 16, 2020
Friday Oct 16, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn about how she started from scratch and rose to become a multimillionaire in real estate
Find out about the advocacy she founded to help women create wealth
Find out her main investment strategy that is credited for her real estate success
Resources/Links:
FIRE – http://www.femalesinrealestate.com/
Summary:
Tahani Abunareh is a best-selling author, serial entrepreneur, and real estate mogul (investor and coach). Tahani is now trailblazing a new legacy project, the first of its kind in North America called F.I.R.E, Females in Real Estate. In addition to a wider free Facebook community for women, F.I.R.E. is a movement designed for women who want to build financial independence through real estate. Tahani believes every woman deserves the right to feel financially secure and independent, and she is on a mission to champion as many women as possible.
In this episode, Tahani shares her real estate journey all the way from having nothing to becoming the multimillionaire real estate mogul that she is today. She talks about her advocacy for helping create wealth for women as she believes women have what it takes to bring impactful contributions to the real estate world.
Topics Covered:
02: 30 – How she got into the real estate space
03:42 – From a realtor to a real estate investor
05:06 – Her primary investment strategy
05:37 – The primary market she’s focusing on
06:06 – What is this Fire Movement that she started on
09:23 – Lessons learned from helping other people
10:21 – Talking about the real estate book she wrote about
11:29 – What she thinks are the challenges facing women today
13:28 – What women bring to the whole formula of real estate investing
Key Takeaways:
“I focus mostly on adding a second suite house where I bought, I fix them, but not a flip. But we add some second suites and then we just going to rent them and sometimes on odd times we flip.” – Tahani Abunareh
“Fire movement, it’s a real estate for women where I get together with women, where I teach whoever wants to learn, they can come in and I’m willing to help them learn and I teach them.” – Tahani Abunareh
“It all really stems from the belief that if you can help more people, that people will push you and will lift you up as well. And that’s what happened to me is like, I had it, I just wanted to help my clients and the more I helped, the more I got helped.” – Tahani Abunareh
“The challenges that women face is, it’s right here in between their heads because it truly is them believing. If you believe that this is something that you really, really want, you’ll find a way to make it work. And if you believe it’s going to be too hard, then it’s just an excuse. Because even if it’s too hard, there are others who have already paved the way. You just have to ask questions.” – Tahani Abunareh
“Women bring something different to the table. That’s what I love about it. They bring in a lot of amazingness into the whole formula of real estate investing.” – Tahani Abunareh
Connect with Tahani Abunareh:
tahani.ca
Facebook
Instagram
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Oct 09, 2020
Friday Oct 09, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn why not to proceed with a joint venture at the beginning and go for private money instead
Find out about the pros and cons of different refinancing options
Learn what private lenders are primarily used for, especially to real estate entrepreneurs and investors
Resources/Links:
www.privatemoney4mortgages.com
Summary:
Susan Flanagan has been investing in real estate for well over 25 years, and has done everything from regular buy and holds to student rentals to rent-to-owns, as well as many flips. She started lending her own money for mortgages over 12 years ago, so it was a natural progression to eventually become a Mortgage Broker so that she could connect lenders with borrowers on a regular basis. She is still an active investor but mainly focused on private lending these days. Susan is known as the “go-to person” when it comes to Private Money Lending.
In this episode, Susan shares what a ‘private money lender’ is and how useful these lenders are to real estate entrepreneurs especially when investors don’t qualify for a bank mortgage. With a private money lender it’s fast and not much of a hassle.
Topics Covered:
01:30 – What is private money lending
02:09 – Is there any difference between private money lenders and hard money lenders
05:28 – What are the advantages and disadvantages of using different refinancing options
08:03 – What do they need private money for
08:33 – How to qualify for a private money loan
09:33 – When do people usually use private money for first mortgages
11:35 – Why do people get on JV partners at the onset when they could go through private money lenders
12:51 – A logical reason as to why go for private money lenders rather than JV right away
Key Takeaways:
“Another good example of why real estate investors use private money is and I just did this on my last project. I took a second mortgage on one of my rental properties. I use that money for my down payment and my rental costs. And then I also took out the first mortgage on the purchase. All were private money again. And this is very expensive when you really work it in there. However, when I looked at all my numbers at the end of the day, I’m still making a decent profit once I flip the property.” – Susan Flanagan
“Sometimes it makes sense that people are using private money. First of all, it’s probably a lot less onerous to qualify. Second of all is probably, it’s a lot faster than jumping through all getting it through a big bank. And third of all, it’s when your debt ratio and all that kind of jazz that the banks are looking at don’t line up.” – Susan Flanagan
“There are many other reasons why you need private money. It could be a bridge loan, it could be you’re in the middle of selling, but then you need it. And it’s fast.” – Susan Flanagan
“The biggest thing you have to qualify for is to show that you can pay it back.
We want to know the story, the property, the exit strategy. I don’t care about your debt ratios. We don’t say we don’t care about your credit report. But if it tells me a story about your character that we don’t like, then I do care about it.” – Susan Flanagan
“What I do suggest to a lot of investors though, don’t try to figure this out on your own. I say give me a call. And let’s brainstorm before you purchase it. And sometimes, getting a couple of people’s input prior is better than making the decision going in, no conditions, the works and then finding out this one isn’t a great property to even do this strategy with.” – Susan Flanagan
“It’s just another option for people to explore without assuming the only way to do it is to bring in a JV partner who qualifies for the mortgage.” – Susan Flanagan
Connect with Susan Flanagan:
privatemoney4mortgages.com
Facebook
Instagram
Twitter
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Oct 06, 2020
Tuesday Oct 06, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn and understand how preconstruction condos work from an investor, buyer, and developer’s point of view
Learn how to leverage from purchasing pre-construction condos
Find out the pitfalls when diving into this investment strategy so you are forewarned at the onset
Resources/Links:
www.hersh.ca
Summary:
Mitch Parker is an energetic and passionate, real estate sales and investment expert. He is the Vice President of Sales and Marketing with Hersh Condos; a real estate brokerage specializing in marketing and selling some of the top new developments in the Greater Toronto Area. He’s been investing in real estate since 2006 and has transacted hundreds of millions of dollars of property for both clients and himself while becoming a go-to media expert featured on Canada Am, CTV, SiriusXM, Toronto Sun, Huffington Post, and more.
In this episode, Mitch shares what goes into the whole process of preconstruction condos, the timeframe with which it can be livable from inception. Basically, he walks us through strategies in which you can profit from these properties while under construction and during the time it’s ready for occupancy, while also sharing potential disadvantages of this type of investment strategy.
Topics Covered:
01:16 – What is a pre-construction condo
03:08 – From student housing how did he transitioned to pre-construction condos
05:40 – What goes through when you are ‘assigning a property’ in pre-construction condos
07:30 – How long is the property livable from inception
08:38 – As a buyer, how much do you put up as down payment
10:09 – Timeframe with which you fully pay your down payment
11:29 – How do developers profit from this whole pre-construction condos
13:43 – What are the disadvantage of this investment strategy
Key Takeaways:
“Originally, I was selling homes, I was selling condos. And then I love business. I love the scalability of a business. So, selling buildings allows me to do that where you can come in some days, we’re selling like 120 to 150 condos in one day.” – Mitch Parker
“With pre-construction condos, if you can assign it down the road and make a fortune, that’s awesome. But you have to have that plan B, where you’re going to close the property, put a tenant in also, and sort of ride it out until the values are stabilized. At the end of the day, that’s really how you build wealth, by keeping the properties, paying down the mortgage, or having a tenant pay down the mortgage. And I think you thank yourself at the end of the day for it.’ – Mitch Parker
“Typically, a deposit structure would be like 5,000 on signing, balance, 5% in 30 days, and then your next 5% might come six months down the road, and then you might have another five for a year and a half down the road. So, it’s staggered out pretty well which is one of the nice advantages of doing it pre-construction condos.” – Mitch Parker
“And from a developer’s side, they’re putting up their own capital, they’re investing their time into it, you’re into hundreds of millions of dollars with these things. They do get paid well, for sure. But I would say it’s a direct correlation of the incredible risks that they take as well.” – Mitch Parker
“You always want to be working with a developer that has done it before and has built that kind of product before. You know a lot of headlines have come out about projects that are not getting built. And I think that’s probably the biggest risk, but typically, buyers are protected. The money that you put in a deposit goes into a lawyer’s trust account.” – Mitch Parker
“Some people like buying houses because they ultimately have the control of what they can do with the property, and with condos, you own a box in what is one of many, so you’re a little bit restricted. So, I think condos have to be your style and it has to be what you want to invest in. But it comes down to personal preference at the end of the day.” – Mitch Parker
Connect with Mitch Parker:
hersh.ca
LinkedIn
Instagram
Facebook
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Oct 02, 2020
Friday Oct 02, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn about the tools and systems to automate your transactions to become more efficient in getting your leads and finding undervalued properties
Find out how to run your real estate business by removing the day-to-day operations off yourself
Find out the essential steps on how to get deals every time
Resources/Links:
The 7 Simple Steps Guide on Closing a Real Estate Deal in 3 Weeks
Summary:
Laura Alamery began in real estate in 1987 while studying in Honolulu, Hawaii. Also where she joined Dolman and Associates as an agent. She moved to Missouri after graduating in 1991, receiving her real estate Broker license in 1993 when she started her own brokerage company, Midwest Realty Corp. Her core business was flipping properties, with a management division for clients who purchased properties from her.
In 2001 she started a real estate investment club with a group of cash investors, buying and selling foreclosure properties. She quickly became very active in this sector in St. Louis, with an average turnaround of 40 buildings per year.
In this episode, Laura, who has been in the industry for decades-long, talks about reinventing her real estate business from being manually-led to an efficiently automated one. She uses tools and systems to run the day-to-day operations, thus, creating a business around her lifestyle and not the other way around.
Topics Covered:
01:22 – Transitioning to ultimate virtual online real estate investing model
03:30 – What is it about wholesaling that makes it her primary focus these days
05:02 – Reinvention has been her thing
06:16 – What is wholesaling or flipping the contract is
07:55 – Which money does she use to buy her properties
09:07 – What is a virtual online real estate investing
13:11 – Her advice to those just starting in real estate
Key Takeaways:
“One of the reasons I have thrived as a real estate investor over the years is because I always reinvented myself. If you don’t adapt yourself to the times and see what’s going on in the industry and position yourself in a competitive market, you’re going to be squeezed out of the market. That’s why it brings me here to talk about how we’re developing our systems nowadays.” – Laura Alamery
“Wholesaling is really where heavily my market is because wholesaling can be done virtually very easily. It can be automated very easily. And then from that you can still pick property if you do want to buy and hold, or fix and flip.” – Laura Alamery
“But it’s really about creating the business around your lifestyle, not the other way around. I see a lot of real estate investors struggling with this.” – Laura Alamery
“Virtual online real estate investing is about using systems and things in place where you remove the day to day operations off yourself, meaning you don’t have to text or call or send letters physically.” – Laura Alamery
“A successful real estate investor doesn’t go hunt for deals; the deals come to them. And so then I sat down and thought about my own experience. And I was like, ‘You know what, that’s right.” – Laura Alamery
Connect with Laura Alamery:
lauraalamery.com
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Sep 29, 2020
Tuesday Sep 29, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn how Jared’s investment strategy is keeping a steady cash flow going
Find out about an exit strategy, just in case the student population dries up
Find out where the sweet spot is, in single-family homes, so that it brings in steady cash flow and has manageable results
Resources/Links:
hatleyfunds.com
Summary:
Jared Henderson lives in Montreal and started investing in real estate in 2012. He now focuses on cash-flowing student rentals in Peterborough and only invests in Ontario.
In this episode, Jared shares about the cash flow opportunities in student rentals versus single-family rentals. The odds of a vacancy in student rental property are slim compared to a single-family rental property.
Topics Covered:
01:06 – What his primary investment strategy
01:41 – Why choose a small city in Ontario for his investments and not in his own city
04:50 – Why he continues to invest in Peterborough and not in Montreal
07:13 – Are his properties pre-existing student rentals or single-family homes converted as student rentals
09:04 – What is a sweet spot in terms of the number of rooms for cashflows
09:53 – How is his student rental set-up – co-ed or all-male or all-female
10:32 – What good property management can do with cleanliness and orderliness
11:41 – How long is the tenancy for student rentals
13:11 – Is he catering to international students and how advantageous is it in having them over local students
14:32 – How does he raise capital to buy properties
15:20 – How much does he get having the place as student rental versus renting it as a family home
16:43 – The advantage of having student rentals versus renting out the place as a family home
Key Takeaways:
“What really attracted me to the student rental model is that I have multiple leases in these houses. I would never be without any revenue altogether. Worst case scenario is these days I’m perhaps half full or four out of six students are there. I’m always receiving a steady flow of cash which provides my business stability.” – Jared Henderson
“The reason why I continued investing in southern Ontario instead of Montreal is because of the strong fundamentals in the GTA, through transportation development, job formation, and migration.” – Jared Henderson
“If the student population dries up. And there’s too much competition with investors like myself or concentrating on cash flow and filling up all these rooms, I can either do a single-family by just converting it to a nice new home, or I can duplex the building.” – Jared Henderson
“Six-beds is a sweet spot in terms of good cash flow and manageable results.” – Jared Henderson
“I aim for a year-long lease. Most of my students are at Fleming College where you’re having certain terms to be 1, 2, 3 years versus typical University, which would be four years. So, with these shorter periods of time, I do have a little bit more turnover.” – Jared Henderson
“I’ve had success filling out my homes in the summer they would be slightly less occupied. But we’re talking four to five rooms complete versus six over the summer.” – Jared Henderson
Connect with Jared Henderson:
hatleyfunds.com
E: jared@hatleyfunds.com
Instagram
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Friday Sep 25, 2020
Friday Sep 25, 2020
What you’ll learn in just 17 minutes from today’s episode:
Learn about the simple strategy that has served Jay well in his real estate career
Discover the tragic story that inspired him to create a business called Prepared Fathers focusing on how to build a real estate portfolio
Learn about a new project he is venturing into called Teen Finance Accelerator
Resources/Links:
http://www.theshorttermshop.com/
Summary:
After his first child was born in 2005, Jay Gabrani jumped into the world of real estate investing. Despite several challenges along the way, he built a seven-figure real estate portfolio that helped him take a multi-year sabbatical to deal with the heartbreaking tragedy when his wife passed away in 2014. Today, Jay makes an impact in raising three children and empowering families to secure their Family’s Financial Future as the founder of Prepared Fathers.
In this episode, Jay shares how his income from real estate provided him the financial cushion when he needed it the most. And in his quest to find out how millionaires become millionaires, he found that real estate was the way to go.
Topics Covered:
01:15 – The primary investment strategy that has served him well
01:58 – What does he buy and hold and why does he advocate one’s focus
03:14 – What does he do with the properties with bungalows on it that he bought
04:22 – Are they bungalows with secondary suites or are they just single-family homes
05:51 – A backstory of what his career was before real estate and what made him shift to the latter
07:15 – How his first real estate investment in Edmonton started
08:17 – What’s his name of the game when in trouble
09:53 – Making the most of joint venture when looking for capital
11:39 – Number of properties he builds with his partners and how did the investment go
12:14 – What is his business called Prepared Fathers all about
13:08 – The tragic story behind what made him start Prepared Fathers
17:51 – What this tragic story taught him and how real estate has been a financial cushion to him
19:56 – His new project: Teen Finance Accelerator – what is it all about
Key Takeaways:
“I am a strict buy and hold long-term guy. It served me pretty well. And that’s the strategy I just like. I like things simple. I find buy and hold to be simple so that’s what I tend to stick with.” – Jay Gabrani
“I had always driven to be successful. I was always rather ambitious, but I wanted to know how millionaires became millionaires. I read a whole bunch of stuff. I chose real estate.” – Jay Gabrani
“When you’re going through some trouble. Keep it rented. Keep the space full. So that’s one thing I want people to point out. It’s not always doom and gloom, even when the numbers go down if you stay rented.” – Jay Gabrani
“There’s so much money just sitting around. You should never have the excuse of, there’s no money. Because if you don’t have one, that’s fine. Partner, partner. Be resourceful. It’s not about having resources. It’s about being resourceful.” – Jay Gabrani
“I love doing the consulting and coaching so Prepared Fathers is what we’ll call an everyday business that I do.” – Jay Gabrani
“What I encourage people to do is be ready for life’s curveballs and real estate lets me be ready after that tragic and obviously, a very difficult experience I went through.” – Jay Gabrani
Connect with Jay Gabrani:
preparedfathers.com
LinkedIn
Instagram
Facebook
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
Facebook
LinkedIn
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Tuesday Sep 22, 2020
Tuesday Sep 22, 2020
What you’ll learn in just 17 minutes from today’s episode:
Find out about investment properties that give him the most profit, at the same time providing returns for his investors
Learn why forging good relationships matter when looking for good partners and investment deals
Learn about the best practices for the maintenance and the management of properties
Resources/Links:
Maintenance Man to Millionaire: Real Estate Wealth Creation for Everyday People by Glenn Gonzales
Summary:
Glenn Gonzales has been in the business for the past 30 years. He started as a building maintenance man, learned the industry, and ran his own property management company. He then purchased 4500 units and in 2018/19 he sold the majority of those units.
In this episode, Glenn talks about his wide range of experience in the maintenance and the management of properties and how that experience prepared him to eventually own his management company as well as several other multifamily units.
Topics Covered:
01:01 – His primary focus of concern as far real estate is concerned
01:19 – What he loves about the investment strategy he chose
02:49 – Why he chose to sell versus hold on for long-term before
03:16 – The transition from being a maintenance guy to buying apartments
06:48 – How he dabbles from one role to another
09:16 – The time he finally got to buy his own apartment
12:02 – How he found other deals from the first time he did
Key Takeaways:
“Part of my preference for selling versus holding on was where I was in my station in life. I wanted money in my pocket. And that was the quickest way to put more money in my pocket.” – Glenn Gonzales
“I learned a very valuable lesson of how important it is to have a good maintenance guy and a good manager. Because you can’t have a successful apartment complex without both of those people being on the same team and working together.” – Glenn Gonzales
“For 25 years, I navigated through property management with several different management companies. And along the way, I was just getting more and more and more experience for sure, what to do and what not to do.” – Glenn Gonzales
“Getting 4,500 units, it’s not that simple, but yes, relationships and being in the right place and the track record to experience the 25 years in the trenches, so to speak, it gave me the experience because I could tell what was a good deal from what was a bad deal.” – Glenn Gonzales
Connect with Glenn Gonzales:
obsidiancapitalco.com
LinkedIn
Connect with Dave Dubeau:
Property Profits Podcast
www.davedubeau.com
www.investorattractiondemo.com
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