#114:  Garden Suites: The Future of RE Investing w/ Ronald De Coteau

On this week’s show Gary chats with Ronald De Coteau, founder and President of Property Pathways Inc. They dug deep into Garden Suites, a new-ish way of having tenants or family live close, but independently. It is the future real estate. With the pandemic, many people are looking at maximizing their real estate investments, and getting the best use.

WHAT YOU’LL LEARN:

• What is a garden suite (SDU - Secondary Dwelling Unit) and is it permanent?
• The legal ramifications of a garden suite
• Do different municipalities have different laws and rules?
• The costs of creating one
• Do the numbers work?
• Bill 108 and garden suites
• How are separate utilities (hydro, gas, etc) handled
• Why the provincial government started pushing municipal governments to explore unconventional rental housing
• How big of a lot do you need to do this?
• How much of my lot can I use for this?
• How many units can be created
• Are there different configurations of garden suites?
• Apartment buildings take YEARS from planning to completion, garden suites can be build much faster
• And MORE!

Ronald’s Bio

Ronald is the founder and president of Property Pathways and delivers on his promise to pioneer an enriched design and construction experience for real estate investors.

He started investing in real estate in 2016 and was surprisingly challenged to find a design or contractor that could explain the legal process of secondary suite renovations. He set out to become the subject matter expert and a valuable resource to real estate investors throughout Ontario.

By leveraging his education and experience gained in the commercial construction sector, he created a hybrid service specific to real estate investors, who focus on the creation of long term wealth by buying and holding or BRRR real estate.

He works with real estate investors and their realtors to identify Suite-Able properties and has the battle scars and relationships in municipalities throughout Ontario, to prove it. Navigating the bylaw and building code requirements for a legal secondary suite bridges the gap and creates a pathway between the problems associated with converting properties and the profit that awaits the investors.

Our service is predicated on the belief that the building permitting process for real estate investors should be uniquely tailored and we achieve this through our four-phase design process that produces the detailed and easy to interpret permit drawings for a worry free construction process.

Website/contact info for guest

Facebook: https://www.facebook.com/propertypathways

Instagram: https://www.instagram.com/propertypathways

Web: www.propertypathways.ca

Email: accounts@propertypathways.ca

This episode proudly sponsored by AGHI Home Inspections and Brian Daley. Whether buying or selling a property, AGHI recognizes that the process can be stressful. It is critical that any decision you make be one that is based on knowing all of the facts. Purchasers, vendors, insurance companies and lending institutions have come to recognize the professionally trained residential home inspector as a credible source of key information vital to making these decisions, and AGHI has been doing it for over 15 years!

Contact http://www.bookahomeinspection.com or call (416) 526-7482

Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from!

Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

To learn more about Gary’s mentorship program, visit https://garyhibbert.ca

#113:  Millionaire Mindset w/ Shawn Rea

On this week’s show Gary chats with Shawn Rea, real estate investor, realtor and father of 3. Shawn shares his journey towards real estate investing; travelling to Belize during COVID, and building many new homes; how he got into house hacking, and finally how relatives and friends questioned his decision to sell his primary residence to finance a duplex!

WHAT YOU’LL LEARN:

• What Shawn wrote on a piece of paper a few years ago that changed his life
• The book that also changed his life
• How friends and family questioned his decision to buy a duplex and live with strangers
• How to find Joint Ventures
• What is the *right* joint venture
• Buying and building properties in Belize
• What was involved with travelling to Belize during the pandemic
• What are the ‘golden handcuffs’ and how it relates to freedom
• He was working overtime and working more, but taking home less
• What it was like to buy and live with someone else in a Duplex
• Why he was broke and needed to get 2 secondary jobs
• Shawn’s opinion of mindset
• How he hacked his house
• Why he’s had a ‘mini retirement’ from his 9-5 and why he’ll likely go back to his 9-5!
• And MORE!

Shawn’s Bio

Father of 3

Real Estate Investor

Realtor

Website/contact info for guest

Instagram: https://www.facebook.com/shawn.rea

Facebook: https://www.instagram.com/shawnrea

Web: https://reaig.com/ 

Resources:

Rich Dad Poor Dad - Robert Kiyosaki

This episode proudly sponsored by McMurter & Associates. They are a real estate and estate law firm who can be your partner for every major legal event in your life. If you’re planning an estate, selling or buying real estate, they can help with over 30 years of experience. Their objective is to prevent you from worrying about the legal aspect of your transactions. From the first meeting, McMurter will provide you with straightforward legal advice, and no surprises., including a legal bill you didn’t expect. Find them at: https://www.mcmurter.com

Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from!

Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

To learn more about Gary’s mentorship program, visit https://garyhibbert.ca

#112:  Redefining Success During Covid

On this week’s show Gary chats with investor, philanthropist, author and Dragon’s Den alumnus. He has built extensive holdings in the power generation, hydrocarbon production, real estate development, cannabis, agriculture, sports and entertainment industries, and he shares his insights on how covid has impacted life for investors. They also touch on Brett’s health issues, especially his cancer battle numerous times, and what he learned from it. He shares his number 1 golden rule in life, and how we get back to some sort of normalcy.

WHAT YOU’LL LEARN:

• The SIX priorities are important to him in life
• Why marketing is completely overlooked as a skill or discipline
• His views on masks, lockdowns and vaccinations
• What is ’essential’?
• Why all his businesses are COVID compliance
• What he learned from his 3 dances with cancer
• What is work/life balance for Brett - the more he worked, the more he made, the more he worked
• His family relationships suffered
• Why his book should have been subtitled - Redefining Success - In A Wealth Obsessed World
• Why his daughter asked ‘Why can’t we define success by the size of the smile?’
• Brett’s opinion on ‘How much is enough’ - Musk, Bezos, etc
• Why education is important - ‘you have to better yourself’
• “If wealth is all you care about, don’t worry about your health, don’t worry about your family, just chase wealth” (sarcasm)
• Why the study of entrepreneurship is so valuable
• Why charity is a huge part of his ‘business’
• ‘A good business that is marketed well uses community as its point of engagement’
• And MORE!

Brett’s Bio

Father, Entrepreneur & Philanthropist

W. Brett Wilson is best known as a “Dragon Emeritus” from 3 seasons on CBC’s hit reality TV show Dragons’ Den. He has built extensive holdings in the power generation, hydrocarbon production, real estate development, cannabis, agriculture, sports and entertainment industries.  

His business and philanthropic leadership have brought him considerable recognition including the Order of Canada (2011) and the Saskatchewan Order of Merit (2012).  Brett continues to simplify and organize his life to focus on what is most important - his family, friends and health.  

His  semi-autobiography “Redefining Success: Still Making Mistakes” is an all-time best selling business book in Canada.

Website/contact info for guest

Instagram: http://instagram/wbrettwilson

Facebook: https://www.facebook.com/WBrettWilsonFan

Resources:

Redefining Success: Still Making Mistakes - W. Brett Wilson

This episode proudly sponsored by Deep Pockets - https://deep-pockets.ca

If you’re look to borrow or invest funds, Deep Pockets should be at the top of your list.  It is a preferred choice for secure lending, and as a borrower you have the option of flexible terms and repayment plans, as Deep Pockets has flexible credit criteria and income approvals.

As an investor, YOU GET TO BE THE BANK, using your cash, your RRSPs, LIRAs or even TFSAs. Earn maximum returns with NO out of pocket expenses.

To find out more, visit the website or email hello@deep-pockets.ca

Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from!

Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

To learn more about Gary’s mentorship program, visit https://garyhibbert.ca

#111:  Drugs, Crime & Real Estate Investing

On this week’s show Gary chats Edward Fajardo, an investor on the path to greatness, it was an inspiring and sometimes dark conversation. Growing up in Parkdale, Edward was exposed to crime, drugs and a seemingly hopeless future, but got himself out, after using and selling drugs, robbing others, etc. He eventually turned to RE investing, but made a ton of rookie mistakes. This is a story that shows you can start no matter where you came from, or where you are in your life, it’s a matter of CHOICE. Edward still has his 9-5 job, and wanted to share his story about his beginnings in real estate.

WHAT YOU’LL LEARN:

• How your CHOICES can radically change your life, no matter how old you are
• His early lifestyle was not about ego, but simply survival
• Some have said 90% mindset and 10% skills
• Cory McKinnon said 70% mindset, 20% environment, 10% skill set
• How Edward’s two lives were colliding - personal and work
• He describes himself as a ‘functioning’ addict
• How he realized if he didn’t stop drugs he’d lose everything
• He began a path of self discovery - how where he came from influenced him, but it was NOT his future, and it began with the Joe Rogan podcast
• He then began listening to health and wellness podcasts, then RE podcasts
• He went broke from RE investing initially and then got into debt again
• Why he got a SECOND job to pay debt off, to WORK MORE TO PAY OFF THE BILLS
• Working weekends, nights, not seeing his family
• When a coworker mentioned investing for passive income with none of her own money, Edward was interested!
• His first property was buy/hold with tenants in place
• Why reserves are important on new buys
• Tenants didn’t pay rent
• Why he hired a property manager after 3 months
• Why he moved to the BRRRR strategy
• And MORE!

Edward’s Bio

Edward has goals and aspirations of changing the trajectory of his family’s legacy. As a second-generation Filipino-Canadian born in Parkdale, Toronto Ontario he struggles with self-limiting beliefs of identity and worthiness. Faced with environmental conditions that are more suitable for a life of drugs and crime, Edward battled addiction and perceived feelings of inadequacies.

It wasn’t until his environment changed did he understand that his learnt behaviour was not permanent. This led him on a path of personal-development and a self-directed learning approach. Fast forward to present, with his new understanding of good debt vs bad debt, assets vs liabilities, Edward has carved a niche for himself as a self-proclaimed ‘late bloomer’. He is utilizing the powerful tools of real estate investing alongside his new skillset of trading Stock Options to engineer his lifestyle.

Scaling his real estate portfolio through personal and joint ventures partnerships, Edward uses a combination of BRRRR and buy and hold strategies to help others create generational wealth and improve ROT (return on time).

Website/contact info for guest

Instagram: http://instagram.com/edwardjfajardo

Email: Edward.Fajardo21@gmail.com

Resources:

Rich Dad Poor Dad - Robert Kiyosaki

Think & Grow Rich - Napoleon Hill

7 Habits of Highly Effective People - Steven R. Covey

This episode proudly sponsored by Property Pathways - https://www.propertypathways.ca/

Property Pathways is an investor-focused architectural design service provider that specializes in secondary suite conversions throughout Ontario. We'll assist in developing a strategic design and renovation plan that will get the most out of your investment property.

Please a leave a review, as it helps Gary understand if he’s bringing on the right guests that you want to hear from!

Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca

To learn more about Gary’s mentorship program, visit https://garyhibbert.ca