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Lifestyle Housing Radio, the real life, real estate investing show hosted by Kevin Bunzeluk, founder of the Thunder Bay Real Estate Investment Club, features interviews with professionals from all sectors of the real estate industry. The perspectives presented by featured guests on everything from self-help to million dollar deals offer tips, advice, and must-know information for anybody with an interest in the world of real estate.
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Key Takeaways: - Doing your research up front and having a good team will make things easier. - If you buy good houses, your going to get good tenants. - With rent to own, make sure they can afford the monthly payment. - If you're an investor, it is important to plan out your purchases. - Do not go to your primary bank for your first mortgage. - If…
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Key Takeaways: - The best strategie for you is based on what you're trying to accomplish. - Real estate investing is a long term wealth building plan. Think long term. - 1 or 2 properties, held for a long period can make a huge impact on your financial future. - Keep reserve funds to smooth your ride. - Flipping homes, high end vs. low end. - Flipp…
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Key Takeaways: - There's is no shortcuts to real estate. It's a business like any other. - Real estate is not that scary. - What is wholesaling. - How to find deals. Look for opportunities all over the place. - How you find them is not as important as what you do with it when you find it. - You need to know the values in your area before you can as…
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Key Takeaways: - It's hard to grow your business when you're fixing toilets. - You have to work on the things that make you the most money...finding money and finding properties. - The ups and downs of investing in single family homes. - Every property must cash flow including property manager, vacancy fund and repairs. - How to select the neighbou…
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Key Takeaways: - The perfect plan for getting started. - What kind of market do vendor take backs work in. - It works for everyone because each person is in a different place in their live. - Find their motivations and put together a deal that matches that so it makes sense for them to work with you. - How to present the deal so the seller understa…
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Key Takeaways: - Real estate is the way to save for the future and have cash flow. - With investment advisers, you are just a name on a file. - Everyone should have five homes to supplement your income and give you choices. - How I acquired 21 doors in 24 months. - Nobody cares about your money like you can, take control of your investments. - If y…
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Key Takeaways: - We are always taking education or working with coaches and mentors. - You have to get good at leveraging other peoples money when you don't have any of your own. - Never do business with someone that doesn't have the same integrity, morals and principals as you do. - Set returns vs. joint venture partners. - You make the money on t…
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Key Takeaways: - Once you figure out how to raise money, it's really quite simple. - Whatever your challenge is, work towards overcoming it and then move to the next one. - If you can make bank money work, it's a good option to consider. - The bank is your partner, but if you don't go with them, you need another partner. - When fixing properties, i…
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Key Takeaways: - The benefits of Alberta to other provinces...land transfer tax, rent controls, hst, pet fees. - The Landlord Tenant Board is a polar opposite. - Oil cycles and how they affect real estate...the exit is going to pick you. - Choosing a city within the province you choose and a neighbourhood within the city. - Newer properties work be…
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Key Takeaways: - Where they get there income is not a determining factor of renting to someone. - Some types of housing lend themselves to subsidised renters. - Who is the person in front of you, who are they becoming and how can you help them. - Different types of property have different tenant profiles. - Those with support worker are another che…
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Key Takeaways: - The best way to be free and successful is to own your own business. - Your tenants are the best business partner you can have...Treat them well. - Do yourself a favour by focusing...it simplifies everything..you know what to look for and what to say no to. - Get started and stay in the market and good things will happen. - It's not…
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Key Takeaways: - Property management is the things that have to be taken care of between the buying and the selling. - Concerns about managing purpose built rentals. - If you're trying to save money in the wrong spots, it will backfire. - You have to have a clean place. Whoever is presenting the apartment needs to be on top of their game. - We main…
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Key Takeaways: - Property management is the things that have to be taken care of between the buying and the selling. - Concerns about managing purpose built rentals. - If you're trying to save money in the wrong spots, it will backfire. - You have to have a clean place. Whoever is presenting the apartment needs to be on top of their game. - We main…
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Key Takeaways: - The investment for you depends on your exit strategy and your risk tolerance. - Single family homes vs. multi family. - Everything is a learning lessons. - If you don't understand your why, how do you know what your destination is going to be. - How to find the best education before you get started in your investing. - Find a realt…
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Key Takeaways: – You could actually borrow money to buy real estate. – What will be the after repair value of the property. – Adding an additional unit will dramatically increase the value of your property. – In life, you have to make short term sacrifices for long term gain. – The downsides of living with your tenants. – Be specific with your leas…
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Key Takeaways: - You may get a better return by buying outside of your backyard. - Lower price and lower expenses make investor a higher cash flow. - Go as far as you can see, and when you get there, go a little further. - Set yourself up so you're properly protected. - What is a turn key provider and what do they do. - Where to invest in U.S.A. an…
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Key Takeaways: - There is more money and opportunity in real estate investing. - College vs. a real estate investing education. - You can make a lot of money doing everything yourself, but the time it takes doesn't make sense. - Your fears lead to excuses. Tell yourself that it's fake and get it done. - I'm going to do this, and it's going to get d…
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Key Takeaways: - What is the Landlord Tenant Board and what is their authority. - When it's up to rent, if the tenant pays, the tenant stays. - Applications of the board. - Too many people believe that rental properties are a passive business. - How landlords can learn the rules of the game. - The RTA is not logical and common sense won't get you b…
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Key Takeaways: - It's not all about smarts, sometimes it's just luck. - How to get rid of drug dealers with a big party. - Reciprocation is really powerful. - You can do business with people that live beyond your property lines. - How to add storage to your property. - Tactics that appraisers value vs. those that don't. - Give them something that t…
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Key Takeaways: - Stuff doesn't happen by it self, find out what you have to do and take action. - The property management is more important than the property itself. - Great rental rental property without a good manager is a lousy investment. - Include the property management expense in your financial projections. - Reasons to hire a property manag…
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Key Takeaways: - When you make a lot of money at a young age, you may take credit for things that have nothing to do with your skills. - Going from a know it all to a learn it all made all the difference. - Don't work hard, work smart, use leverage and have a great lifestyle. - What is different between purchasing in U.S. vs. Canada. - It's hard an…
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Key Takeaways: - The difference between short and long term tenants. - Why it might be good for un-typical rental spaces. - Be sure to do research for your market. - You need to make a lot more gross income to make up for the extra work. - How to find out what your competition is making. - In some markets, success of a location can be microscopic. …
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Key Takeaways: - Economise and stop spinning your wheels by selecting a niche. - How is insurance different for your rental properties vs. a primary residence. - Reduce your risk and owe more buildings by partnering with other investors. - You don't jump into real estate investing, it is a thought process. - Are you an investor or an owner, are you…
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Key Takeaways: - The core skills are accessible; the key to success is who you become. - If you have the right values and ideas in place, anything is possible. - Find someone that has what you want or is who you want to be and look to emulate them. - The first thing to consider is what you want your journey to look like. - Look for properties that …
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Key Takeaways: - Business school teaches you to be an employee not an entrepreneur. - Being a business owner is about being a generalist. - Real estate is a forgiving industry, especially buy and hold. - To grow your business, you have to develop systems and processes or you will get stuck. - CRM software to track and organise your deals. - Virtual…
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Key Takeaways: - Get the knowledge and build a track record. - You can add value physically or with strategies. - What is a furnished rental and how is it different from AirBnB. - The pros and cons of furnished rentals. - If you are just going to be mediocre, it may be more stress than it's worth. - The types of property that work best for furnishe…
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Key Takeaways: - How to secure a property...and why. - Go to real estate networking events and talk to people. - Find out how much home are worth and repair costs. It doesn't have to be trial and error. - How to find out what kind of neighbourhood it is. - Why real estate 'gurus' may not be good for you. - Figure out the pitfalls ahead of time. Do …
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Key Takeaways: - The benefits of real estate investing and why it beats out mutual funds. - How to get a vendor take back and why you should always ask. - The value is not what you pay for the property...Just get the deal done. - Get the building under contract, you can still negotiate until you remove conditions. - Joint venture with someone who k…
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Key Takeaways: - Real estate controls all businesses. - How competitive sports develops the skills required for business. - A lot of people are busy being busy and not busy being productive. - Investing in your backyard has its benefits, but also has its drawbacks. - What's important is understanding how to operate a business...systems, management,…
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Key Takeaways: - The Key thing that separated use from some others getting started is the mentor-ship and coaching...real estate is a team sport. - With the right people around you, there is no limit to what you can accomplish. - Tips for finding a mentor that is right for you. - The biggest challenge for getting started. - If you know how to put t…
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Ep. 108 - Updates and Q & A, with Kevin Bunzeluk
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In this episode, I provide an update to what I've been up to and what I've learnt recently. We also answer some listener questions.By Kevin Bunzeluk
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Ep. 107 - Financial Planning with Real Estate, with Meghan Chomut
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Key Takeaways: - The differences between real estate and a 'typical' investment. - Real estate is not passive, it is like have a part time job. - What does a financial planner do and how do they feel about real estate. - Doing something inefficiently year after year can add up to a later retirement. - Real estate is seen has high risk to people who…
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Ep. 106 - The Secret Sauce, with Matt Skinner
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Key Takeaways: - Why apartment building are good in up and down markets. - How the luxury home business compares to apartment building. - The secret sauce to increasing your return on investment. - How to identify cities that are growing. - Only buy building direct to seller with a motivated seller. - How to compound your equity. - What renovations…
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Ep. 105 - Private Money Lending, with Ian Walsh
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Key Takeaways: - Private lending is very much deal driven. - An all in exposure loan can be 65% of the after repair market value. - Most people think they have a deal that is not a deal... Know your market. - Private lenders can tell a ton by the numbers that the investor puts out. - The deal lives or dies by the numbers, but there is more to consi…
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Ep. 104 - Pushing through the Push Back, with Jordan Boyes
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Key Takeaways: - You will get push back, rejection, and naysayers...just do it! - Buying a personal residence or something with a rental suite is a good way to get started. - Your willingness to not give up is the difference between massive success and mediocrity. - It will be a lot more work than you probably think. - With key team members, find a…
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Ep. 103 - Finding Off Market Deals, with Whitney Nicely
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Key Takeaways: - The three ways to make money with sandwich lease options. - For no money down deals, don't use the MLS - How to create a yellow letter campaign to create your own leads. - How to use FaceBook to get your friends and family to bring you leads. - When you start talking to people and telling them how you can help, tons of leads start …
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Ep. 102 - The Ingredients for Success, with Brant Phillips
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Key Takeaways: - Stop counting down the years until you retire and create the life you want. - Nobody loves the house, it's the freedom and lifestyle that it represents. - When you have a good lifestyle, the idea of taking risks can be scary. - As you gain more knowledge and experience, the fear will lessen. - You are being conditioned by your situ…
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Ep. 101 - Taking it to the Next Level, with Jeff Gunther
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Key Takeaways: - Determine at the outset what you want to do and from there determine the type of property and partners that you need. - The four things you need for real estate: cash, credit, finding property and adding value. - What are you good at and what are you missing and who can fill the gaps. - In order to grow we need partners. You need t…
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Ep. 100 - Hardcore Real Estate Investing, with Ryan Stewman
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Key Takeaways: - The five step process to sell anything. - The only way to get empathy for someone is to ask questions so you know their situation. - Find out about their situation before you begin negotiating. - How to buy run down houses and turn them around. - The most important piece of the equation is having a great general contractor. - How t…
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Ep. 099 - New Regulations for Landlords, with Joe Hoffer
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Key Takeaways: - A lot of the changes that have been based by the legislature are targeted at small landlord. - The key changes to the regulations and how you will be affected. - The upcoming prescribed lease and what you need to know about it. - Rent registry and vacancy decontrol...should you be concerned. - Who do these changes benefit? -The rul…
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Ep. 098 - The Big Secret, with Lee Strauss
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Key Takeaways: - The real estate investing snowball effect. - Your apprehensions will go away after you purchase the house and put a tenant in. - Real estate is a long term game...The big secret is to get in and hang on. - The three real estate income streams. - If you have the drive to do it, you can make it work. - Starting out is hard, but as yo…
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Ep. 097 - Incorporating Your Business, with Cherry Chan
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Key Takeaways: - The biggest tax mistake that people make is they don't incorporate early. - The reasons you may want to incorporate. - Specified investment income and how it's different from an active business. - Money in your pocket today is worth a lot more than the money in ten years. - Different corporate structures and when they might make se…
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Ep. 096 - Marketing Your Rental Property, with rentpanda.ca
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Key Takeaways: - Your property insurance may not cover you for tenant vandalism. - How to take professional quality photos to attract the best tenants. - How a 360 camera can set your listing apart. - Anything you can do to make your information as informative and transparent as possible in your ad, goes a long way to getting the perfect tenant. - …
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Ep. 095 - Low Money Down, No Back Qualifying Strategies, with Julie Hoffman
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Key Takeaways: - Equity is not the same as money in the bank. - From multi millionaire to bankrupt and the lessons learnt. - People make bad business decisions when they get emotional. - It doesn't always make sense to quit your job for real estate. If you are going to get a job, make it an entrepreneurial environment. - Low money, no bank qualifyi…
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Ep. 094 - Turning Your Challenges Into Gifts, with Tahani Aburaneh
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Key Takeaways: - You can do anything! - I have always thought of my challenges as gifts. If you can, you will see a different perspective. - Be grateful for what you have. - In order to succeed, you need to put in the effort and look after your business. - Challenges are going to happen, you need the right mindset to deal with it and learn from it.…
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Ep. 093 - Winning the Game Part 2, with Russell Westcott
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Key Takeaways: - People don't realize the true cost of owning a rental property for the long term. - How to recycle your portfolio and eliminate large maintenance expenses. - A person could get a great retirement income with 3-5 properties. - Make sure you're buying your properties for a purpose. - Just because you don't have the capital, doesn't m…
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Ep. 091 - Legal Advice for Real Estate Investors, with Barry McGuire
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Key Takeaways: - Most real estate lawyers are doing the basic mom and pop deals. When you're buying investment property you need a lawyer who knows about real estate investment law and likes it. - It's important to have a knowledgeable real estate investment lawyer on the other side. - Creative real estate takes more time. Give yourself time...sell…
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Ep. 092 - Winning the Game Part 1 - with Russell Westcott
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Key Takeaways: - People don't realize the true cost of owning a rental property for the long term. - How to recycle your portfolio and eliminate large maintenance expenses. - A person could get a great retirement income with 3-5 properties. - Make sure you're buying your properties for a purpose. - Just because you don't have the capital, doesn't m…
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Ep. 090 - The Rental "Un"fairness act, with Kevin Bunzeluk
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Key Takeaways: - Go to arbitration with your tenant, you have nothing to lose. - If you're a landlord, you are supposed to know what the legislation says, what the notices are for, what the dates are. - You need to understand how my process works in order to get what you want. - They can only hear what's in the application. File multiple applicatio…
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Ep. 089 - Sweet Deals with Suited Homes, with Manny Cabral
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Key Takeaways: - Trying to beat inflation with a job is crazy. - Read, learn, network with like minded people. If you don't, you are in trouble. - Find your investment area and leverage your contact. - Don't buy anything that doesn't cash flow. You have a buffer zone and don't need to speculate on appreciation. - The four step investment process. -…
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