Learn all about investing in real estate in Riverside, California with a combination of real estate financial planning and modeling with numbers specific to Riverside plus syndicated, more generalized recordings of live and pre-recorded real estate investing classes (not all specific to Riverside).
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"Promote Your Brand, Transform Your Business" Welcome to The PromoMinds Podcast, your business boosting companion. If you are a solopreneur or small business owner who is looking for creative marketing strategies, or wants to learn from other entrepreneurs on how to overcome challenges and build a thriving business, then this podcast is for you. There are many reasons people dive into entrepreneurship; some have exceptional skills, others take the plunge out of necessity. Regardless, a cruci ...
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Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…
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Meet Your Contractor | Ep. 016: Building Your Online Presence as a Contractor w/ Wes Mann & Chris Mackey from Blue Collar Marketing
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Send us a Text Message. This episode features Chris and Wes, the founders of Blue Collar Marketing, a digital marketing agency specializing in the blue-collar sector. We dive into their entrepreneurial journey, exploring the challenges they faced in scaling their business, the valuable lessons learned from their first venture, and the importance of…
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It!
31:03
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…
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How to Analyze an All-Cash Rental Property Purchase
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How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a…
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How Return on Investment Changes Based on Credit Score With PMI
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How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…
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Is It Better to Buy Rentals with 25% Down or All Cash After Buying an Owner-Occupant?
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So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an…
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The Impact of Buying Properties at a 5% Discount When Nomading™
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So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rent…
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Meet Your Contractor | Ep 15: Fixing Post-Pandemic Customer Service w/ Leigh Hinsperger of HPI
1:00:57
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Send us a Text Message. Feeling frustrated with customer service? You're not alone. In this episode, Steve Leslie chats with Leigh Hinsperger of Hinspergers Poly Industries Ltd. about the challenges businesses face in the post-pandemic world. Leigh shares his experiences from both sides of the counter, offering valuable tips on how to improve custo…
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Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…
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Meet Your Contractor | Ep. 014: Changing Trends & Environmental Concerns w/ Chris & Marette of Majestic Pools Barrie
46:32
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Send us a Text Message. Thinking of transforming your backyard into a stunning oasis? This episode focuses on the world of backyard design and construction with Chris Bowman and Marette Sharp, the creative minds behind Majestic Pools of Barrie, Ontario. They'll share their expertise on crafting unique pools and landscapes that perfectly suit your n…
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Warning - Risks of Rental Demand Declining When Investing in Real Estate
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Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…
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Meet Your Contractor | Ep. 013: Showcase Your Construction Business Like Never Before w Bri Wardle from Elevated Productions
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Send us a Text Message. In this episode of Meet Your Contractor, we explore the power of video marketing for contractors and landscapers with Bri Wardle, a passionate videographer and founder of Elevated Productions. Bri shares her journey from film studies to launching her own business, specializing in creating high-quality video content for the c…
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Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…
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Meet Your Contractor | Ep 012: Community, Rosco The Dog, and Swimming Pools | Cory Eagles
50:33
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Send us a Text Message. In this episode of the PromoMinds Podcast, we sit down with Canada's only recipient of the Pleatco Perfect Pool Guy Award - Cory Eagles of Eagles Pool Service in Riverview, New Brunswick. in 2015, Cory also won Pleatco's Big Heart Award after constructing an indoor pool to help save a young dog's life. Cory shares the journe…
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Warning - Risks of Neighborhood Decline When Investing in Real Estate
28:20
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Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …
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Meet Your Contractor | Ep. 011: Building Trust and Protecting Consumers with Angelo Jr of Pools By Angelo
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Send us a Text Message. In this episode, we delve into the world of contracting and consumer protection with Angelo Jr of Pools By Angelo in Windsor, Ontario. A seasoned professional in the pool industry. Angelo shares invaluable insights into how contractors can build trust with homeowners, emphasizing the importance of transparency, communication…
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How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will…
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Meet Your Contractor | Ep 010: Innovating, Connecting, and Standing Out in Business w Rhett Bradshaw of Vantage LeisureScapes
49:24
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Send us a Text Message. Join us as we delve into the world of business innovation and connection with Rhett Bradshaw, owner of Vantage LeisureScapes. In this episode, Rhett shares his insights on the importance of fostering connections with younger minds, constantly innovating to stand out in a competitive market, and creating memorable customer ex…
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How to Analyze Deals with Private Mortgage Insurance (PMI)
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How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…
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Meet Your Contractor | 009: Building Trust & Adapting in Construction w/ John | Action Home Services
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Send us a Text Message. In this episode of the PromoMinds podcast interview series, host Steve sits down with John from Action Home Services to delve into the world of construction and landscaping. From humble beginnings to managing a team of 150, John shares his journey and insights into navigating the industry's challenges. Discover how Action Ho…
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Is it Better to Pay Off Properties with Cash Flow or In Full When Nomading™?
35:59
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In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, …
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Meet Your Contractor | Ep 008: Navigating Pool Construction: Insider Tips with Adam Pink of Creative Pools Ltd
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Send us a Text Message. In this episode, we uncover the secrets to successful pool construction with Adam Pink of Creative Pools Ltd, a veteran in the industry with over 20 years of experience. Adam shares his wealth of knowledge on effectively managing contractors, streamlining the permit process, and choosing the right materials and equipment for…
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Deal Alchemy™ - Residential vs Commercial Property
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Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…
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Meet Your Contractor | Ep. 007: A Customer-Centric Approach w/ Mike & Erik of Riverside Pools
42:21
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Send us a Text Message. In this episode of The PromoMinds Podcast, Mike and Eric from Riverside Pools in the Winnipeg, Manitoba area delve into the intricacies of the pool industry, sharing insights from their years of experience and dedication to customer satisfaction. From their humble beginnings in a big box pool store to founding Riverside Pool…
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Warning - Risks of Loan Called Due When Investing in Real Estate
30:09
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Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…
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Meet Your Contractor | Ep. 006: One Bold Move At A Time with Sara-Marie & Alan Blais of Bold Illumination
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Send us a Text Message. Serial entrepreneurs, Sara-Marie and Alan Blais of Bold Illumination, have a plethora of accomplishments under their belts. This includes Sara-Marie's recent nomination for the RBC Women's Of Influence awards, Alain's expertise in marketing and business consultation - even becoming the President of Les Brown Global for a few…
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How to Analyze Buying a Rental Property at a Discount
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How to Analyze Buying a Rental Property at a Discount in Riverside Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the test…
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Meet Your Contractor | Ep. 005: Balancing Business and Family with Larry from Lanson Pools & Spas
52:52
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Send us a Text Message. In this episode, we sit down with Larry, the founder of Lanson Pools & Spas in the Winnipeg, MB area, to discuss the intersection of entrepreneurship & family life. Larry shares his journey of starting his own service business to prioritize quality time with his family. From nostalgic reflections on generational lifestyle ch…
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How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…
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Meet Your Contractor | Ep. 004: Passion, Purpose, and the Challenges of Entrepreneurship with Johnathan Riehl of Passion Pools & Ponds
58:45
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Send us a Text Message. Join host Steve Leslie in a candid conversation with Jonathan Riehl, founder of Passion Pools and Ponds, as they delve into the intricacies of entrepreneurship. Jonathan shares insights into how passion and purpose drive every aspect of his business design, the challenges he faces in scaling his company while maintaining exc…
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Is it Better to Buy Rentals with 20% Down or For All Cash After Buying an Owner-Occupant First?
31:10
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There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net …
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Meet Your Contractor | Ep 003: Leveraging Digital Grants & Creating Memories with Kadison Hipel
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Send us a Text Message. In this episode of "Meet Your Contractor," Kadison Hipel, founder of Hipel Pools shares his expertise on a variety of subjects. From his journey in the sod industry to the intricacies of fiberglass pool installation, Hipel shares insights, pitfalls, and expert advice for homeowners and business owners alike. Tune in for acti…
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Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate inv…
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Meet Your Contractor | Ep. 002: An Enlightened Guide To Pool Service with Danny Bechtel of PoolGurus.ca
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Send us a Text Message. Dive into the world of pool expertise with Danny, a seasoned industry veteran who has navigated the waters of entrepreneurship and innovation. In this episode, Danny shares how he revolutionized his pool business during the pandemic, offering insights on adapting to change and implementing cutting-edge strategies. Learn abou…
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Warning - Risks of Rental Property Expenses When Investing in Real Estate
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Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate inves…
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Meet Your Contractor | Ep. 001: From Solo Landscaper to Thriving Franchise Owner with Aaron Pritchard of Grounds Guys Newmarket
47:16
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Send us a Text Message. Ever wondered what it takes to turn a solo landscaping gig into a thriving franchise business? Picture this: from a 'chuck in a truck' to the owner of Grounds Guys of Newmarket, Aaron Pritchard spills the dirt on his 15-year journey in the landscaping realm. So, what does it really take to build a landscaping empire? Key Tak…
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How to Analyze a New Construction Single-Family Home Property
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How to Analyze a New Construction Single-Family Home Property in Riverside Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, James…
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Ep 031: How To Get Known In Your Space | The PromoMinds Podcast
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Send us a Text Message. In this episode of The PromoMinds Podcast, Steve shares a couple simple, yet effective strategies you can use to help build your audience and get known in your space. Key Takeaways: 1. Consider the line, "What's In It For Them?" as showcased in Joe Polish's latest book 2. Think of related businesses your customer also buys f…
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The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the c…
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Ep 030: How To Create Simple, Consistent Videos | PromoMinds Media Master Class
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Send us a Text Message. In this special presentation, Steve shares insights on how to use video to build an authentic brand on social media, without worrying about having the "Hollywood" production. He shares tips, tools, and advice that he's used in his own career to help build an online reputation. You will understand how powerful creating consis…
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Is It Better to Pay Off Rentals Early With Extra Cash Flow or Traditional Nomad™?
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Investing in real estate is full of truthy-sounding falsehoods: it is always better to do X than Y. However, if you were crazy enough to sit down and do the math, you'd find the truth to be much more nuanced. For example, should you take all your extra cash flow and savings and apply it to your mortgages each month to pay off rental properties fast…
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Ep 029: Mastering Emotions & Building A Business with Clarissa Paige
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Send us a Text Message. In this episode, Clarissa Paige shares how she launched her hypnotherapy business in Midland, Ontario, and how she crafted her unique approach with hypnosis and becoming a HeartMath practitioner, to help people move past their traumas and struggles. She introduces a unique way of thinking about emotions, and how the body phy…
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Deal Alchemy™ - Cash Flow to Debt Paydown
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Deal Alchemy™ - Cash Flow to Debt Paydown There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate i…
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Ep 028: How To Get Publicity on Super Bowl Weekend - The PromoMinds Podcast
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Send us a Text Message. The NFL is a $12 Billion industry. Taylor Swift has a net worth of over $1.1 Billion. The WWE reached over $1.3 Billion in 2022. All three will be trending over the next 4 days. How can you take advantage of nearly $15 Billion worth of publicity? In this episode, Steve shares tips on how your content can gain more traction w…
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Warning - The Risk of Down Payment Size When Investing in Real Estate
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Warning - The Risk of Down Payment Size When Investing in Real Estate Life is full of risks. When we choose to invest, we choose to take on additional risks. If we invest in stocks, we choose to take on certain risks. When we choose to invest in bonds, we take on different risks. When we choose to invest in real estate, we choose to take on additio…
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Ep 027: Navigating Ontario's Latest Real Estate Changes with Megan Coxworth of Coxworth & Associates
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Send us a Text Message. In today's episode, we're delighted to have Megan Coxworth, a passionate real estate agent representing Coxworth & Associates, an esteemed arm of Sotheby's International Realty Canada. Megan brings a unique perspective, having spent five impactful years helping teenagers and young adults with mental health & addictions, befo…
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How to Analyze a 5% Down Single-Family Nomad™ Property
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How to Analyze a 5% Down Single-Family Nomad™ Property in Riverside Using the latest version of The World's Greatest Real Estate Deal Analysis Spreadsheet™, we will walk through how to analyze a single-family home Nomad™ property with a 5% down payment. Learn how to analyze deals correctly and avoid buying cash flow vampires. Only buy the best deal…
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Ep 026: The Hybrid Road Warrior, Randy Chaffee, Showcases How To Integrate Social Media with Face-To-Face Sales (B2B)
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Send us a Text Message. Randy Chaffee has been around the Roofing Industry for over 4 decades. Like most sales reps, he focused on maximizing face to face meetings with customers from all across the country. But when the pandemic hit, he had to make a change. This is what led to Randy embracing the use of social media, video, and virtual meetings, …
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What Affects Your PMI Rate Lenders prefer that you put at least 20% down, but if you push hard enough, many will allow you to put less than 20% down if you're willing to purchase insurance to protect them in case you default. This insurance is called Private Mortgage Insurance. The cost of this insurance depends on several factors. Some are primary…
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Ep 025: How Business Owners Can Navigate Through Ever Changing Legislation w Ethan Luong of Peninsula Canada
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Send us a Text Message. Have you ever struggled trying to understand how to stay up to date and compliant with the ever-changing rules and legislation for businesses? Ethan Luong of @PeninsulaCanada joins us today to share how business owners can protect themselves and their businesses in one of the more frustrating, but crucial, categories for ent…
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