#118:  Covering All Your Bases With Property Insurance w/ Todd O’Donnell

On this week’s show Gary chats with Todd O’Donnell from Desjardins Insurance. Gary has most of his insurance needs covered by Todd and his team - car, home, investment properties and yet this was the first time they had met face to face! They touched on replacement cost vs. Resale prices; whether you *need* home insurance in Canada, and many more things!

WHAT YOU’LL LEARN:

• Replacement costs vs. Resale prices, why the difference?
• What to do when tenants leave with your insurance to make sure you’re covered
• Do you need to let your insurer know if you go from single family to multi unit?
• What to do if you are in the middle or about to start a renovation
• Do your rates go up with making claims?
• Umbrella insurance, what it is and how you use it
• Flood protection and premiums
• Content insurance for tenants, can you demand it or force them to have it
• Cottage insurance and coverages
• Do you *need* home insurance in Canada, and the answer may surprise you!
• Why you should drive by your property every month, and enter the property every 3 months
• Mindset of being an entrepreneur
• And MORE!

Todd’s Bio

With two offices in Ontario, Todd and his team of 12 have over 60 years of combined experience in the insurance industry. His offices offer home, auto, investment property, business and life and health insurance products.

Todd lives in Kitchener and is supported by his amazing wife Tara and two teenage boys, Ryan & Cole.

Website/contact info for guest

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

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

Web: www.insurancetodd.com

Resources:

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

#117:  Free & Clear: How To Make $100K yearly w/ Russell Westcott

On this week’s show Gary chats with real estate investor Russell Westcott, an early mentor of Gary’s, partially due to his energy, excitement and confidence when speaking in front of large crowds at RE events! They touched on Russell’s story that he’s never told; the importance of looking after yourself; Russell’s battle with depression; market cycles and MORE, in this not-to-be-missed fun and informative UNSCRIPTED chat!

WHAT YOU’LL LEARN:

• Russell’s story that he’s NEVER shared before
• Russell’s battle with depression and how he got himself out
• The importance of looking after yourself
• Market cycles and what YOU need to be careful of
• “Free & Clear” - make $90,000 - $100,000 a year
• How to find a good mentor
• “Sometimes you have to chisel your gifts out of you”
• How watching Robert Kyosaki on Oprah at age 30 started him down the path when he was lost
• The TWO pivotal moments in high school that changed his outlook
• “If you’ve had a blessed life, you need to be a blessing to others.”
• And MORE!

Russell’s Bio

Helping Real Estate Investors start, grow & scale the Real Estate portfolio of their dreams.

Russell’s presentations have been called passionate, entertaining, educational, and inspirational. At his core, he is a teacher, a master communicator, and has moved more than 250,000 people with his books, audio programs, YouTube videos, online & offline presentations, interviews, and podcasts.

He has built his first million-dollar real estate portfolio within his first year of leaping real estate investing and continues to expand and manage his real estate portfolio.

Russell has co-authored two best-selling Canadian real estate books; 97 Tips for Canadian

Real Estate Investors and Joint Ventures: The Canadian Investors Guide to Raising Money and Getting Deals Done.

Website/contact info for guest

Facebook: httpwww.facebook.com/RussellAllenWestcott/
Instagram: https://www.instagram.com/russellwestcott/
Web: www.russellwestcott.com
YouTube: https://www.youtube.com/russellwestcott
Podcast: https://russellwestcott.podbean.com/ 

Resources:

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

Real Estate Joint Ventures: The Canadian Investor's Guide to Raising Money and Getting Deals Done - Russell Westcott

The 5 Second Rule - Mel Robbins

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

#116:  Take Bold Steps, Follow Big Money w/ Todor Yordanov

On this week’s show Gary chats with Todor Yordanov, someone Gary looked up to when he first got into investing, and met at the Real Estate Investor Forum. Todor already had his own investor club, but took great interest in what Gary and Darlene were doing. They’ve had many conversations over the years, and his insights into many things make for an educational listen.

WHAT YOU’LL LEARN:

• Why you can “NEVER outsave the real estate market!”
• What are Todor’s insights into inflation
• His thoughts on the printing of money
• Where Todor thinks the market is going
• What’s happening in the condo market, both for rentals and sales, especially in downtown Toronto
• They touch on conspiracy theories and the great reset
• The role of AI (artificial intelligence) and what role it will play in RE investing
• Bitcoin
• Canada as a whole, and how we compare to the world according to Todor
• People who are always successful adapt the fastest, because change is inevitable
• Real Estate is always a good investment as it’s one of the basic needs
• Real estate investing gives Todor the lifestyle he wants, when we he travel again
• Has he bought any properties in any location he travels to
• Why you can be more aggressive with investing when younger, and transition into asset protection
• And MORE!

Todor’s Bio

Todor started investing in real Estate few years after coming to Canada. His first purchase was a 2 units in-row townhouse in Toronto at Parliament and Richmond in 1995. What follows is a journey of hard work, many trials and errors through setting up property management company, renovations company, multiple properties purchases in different areas in GTA and eventually focusing on new construction condos and home in downtown and around GTA.

An avid student of business and trends, Todor keeps close relationships with the big builders as an insight to where BIG Money is invested and where the trends are moving to and delivers intel and profitable opportunities to his clients.

Website/contact info for guest

Facebook: https://www.facebook.com/todor.yordanov.real.estate

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

Web: InsiderCondoAccess.com

Resources:

The Snowball: Warren Buffett and the Business of Life

Rich Dad Poor Dad: What the Rich Teach Their Kids About Money That the Poor and Middle Class Do Not!

This episode proudly sponsored by BM Select - https://bmselect.ca

Are you looking to become a millionaire through real estate investing? Then BM Select is for you!

BM Select has helped more people become millionaires over the past 15 years than ANY OTHER mortgage broker in Canada!

BM Select focuses on working with Real Estate Investors who are looking to begin or expand their portfolio, as well as specializing in working with customers that are engaged with our host of Realtor contacts across Canada. At BM Select we offer strategic mortgage solutions with dedicated Agent Support along with leading-edge Underwriting and Fulfillment Services that allow you to sleep well knowing your mortgage transactions are being handled by top quality professionals.

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

Tags: #real estate, #property, #suites, #garden suites, #secondary unit, #permit, #build, #design, #investing, #refinance,

#115:  How The Middle Class Could Lose Everything w/ Marcin Drozdz

On this week’s show Gary chats with Marcin Drozdz, an investor Gary first met while still working at TD. Marcin was talking about raising millions of dollars even back then, which piqued Gary’s curiosity. In this podcast, they chatted about raising money as Marcin is an expert at that; the market and where big money is moving; the ‘easy’ method, is inflation here or is it coming soon and more!

WHAT YOU’LL LEARN:

• What is stagflation, and can it happen in Canada?
• What is the ‘easy’ method that Marcin uses?
• His methods for raising MILLIONS of dollars for investment
• Where is the ‘big money’ moving to
• What you should be doing RIGHT NOW as an investor
• What is the tax on the middle class that they cannot see
• Why governments don’t want inflation
• The advantage government has for paying off debt
• Why hard assets can help you survive crashes
• Why hard assets are better than cash - FIAT currencies
• And MORE!

Marcin’s Bio

Marcin is an active real estate investor and a partner on a several hundred unit portfolio in the US. He got his start in real estate through Private Equity and has sourced over $250,000,000 for several business ventures. Marcin is the creator of The Infinite Cash Flow System based on his 15 years of experience in creating wealth through cash flow real estate. When he’s not working with investors or mentoring students he enjoys inspiring entrepreneurs, business owners, and those just starting to explore living life on their own terms. Outside of real estate, Marcin is the host of the Podcast “The Game”. A platform where he interviews some of the top minds in business, sports, and life.

Website/contact info for guest

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

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

Web: www.marcindrozdz.com

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