42 episodes

Real estate investing in Canada can be confusing. You own your first home, but where do you go from here? How do you build your portfolio and your wealth? The confusion ends here.

Quentin DSouza is your host, an award-winning real estate investor and founder ofAppleridge Homes, which started with small single-family homes in 2008 and has grown to large apartment buildings and growing towards 100 million+ in assets under management.

On this podcast, you'll learn how to take your high-income, and your first home, andmove into the ultra-rich with our lessons from how Quentin and many others did it withreal estate investing.

Connect with Quentin at https://linktr.ee/qmanrei

Get Real Wealthy Quentin DSouza

    • Business
    • 4.9 • 32 Ratings

Real estate investing in Canada can be confusing. You own your first home, but where do you go from here? How do you build your portfolio and your wealth? The confusion ends here.

Quentin DSouza is your host, an award-winning real estate investor and founder ofAppleridge Homes, which started with small single-family homes in 2008 and has grown to large apartment buildings and growing towards 100 million+ in assets under management.

On this podcast, you'll learn how to take your high-income, and your first home, andmove into the ultra-rich with our lessons from how Quentin and many others did it withreal estate investing.

Connect with Quentin at https://linktr.ee/qmanrei

    How To Succeed in Real Estate Investing

    How To Succeed in Real Estate Investing

    Episode Summary
    In this episode of Get Real Wealthy Season 2, Quentin talks about how to succeed in real estate investing.
    Quentin shares some of the things that he has learned over the years and will hopefully help you to get going with your real estate investing. The most important thing before you start investing in real estate, is the mindset. Mindset is important to help you to get to the place where you want to go. There are lots of great books on this topic, such as Mindset: The New Psychology of Success by Carol Dweck. The second one is understanding where you are in the real estate cycle. All markets, all areas go through the real estate cycle. You want to know where you are and you want to have that understanding of the real estate cycle.
    The third is goals. You want to have specific goals when it comes to investing in real estate. Those goals need to be numbered. It needs to be categorized in a way that relates to you. What are the most important things for you and set those goals and write them down. You can use Quentin’s book The Action Taker’s Real Estate Investing Planner to help you with goal setting. The second last strategy is to buy and hold apartment buildings. The last one is, remember that there are tactics used to implement strategies that are out there to help you to get your other goals done. Remember to be proactive, and not reactive.
    Important Links
    https://educationrei.ca (https://EducationREI.ca)
    https://getrealwealthy.com (https://GetRealWealthy.com)
    https://durhamrei.ca (https://DurhamREI.ca)

    • 7 min
    The ‘BIG DEAL’ Formula for Real Estate Investing

    The ‘BIG DEAL’ Formula for Real Estate Investing

    Episode Summary
    In this episode of Get Real Wealthy Season 2, Quentin discusses the BIG DEAL Formula.
    There is a BIG DEAL Formula scoring system on DurhamREI.ca, which is a free tool that can be used to analyze properties. In the BIG DEAL Formula, ‘B’ stands for below market value. You want to buy properties that are below market value so that you can have some instant equity. The idea behind this is that you're usually solving some sort of problem. Next, ‘I’ stands for income-producing property. We want to see cash flow, because cash flow helps us to hold on to an asset. If we can hold on to an asset for a long period of time, we're going to be able to see that hockey stick growth.
    Lastly, ‘G’ stands for good fundamentals. We want to see an area with a population that's growing, has infrastructure investment at the municipal, provincial or state, and federal levels. The next thing we want to see is job diversity. As for the DEAL, ‘D’ stands for the downpayment. How are you getting the downpayment for your asset purchase? ‘E’ is for equity. You should be equity owners of a property if you are simply getting interest from a private loan, as equity is important to have in any deal.
    ‘A’ stands for asset value, which we want to build. Adding value is an important part of the BIG DEAL Formula. The last one is location. You can do a lot of things to a property, but one of the things you can't do is change the location. So, having a key location in a good area of town or a city makes it a lot easier for you to see appreciation and growth in an area.
    Important Links
    https://educationrei.ca (https://EducationREI.ca)
    https://getrealwealthy.com (https://GetRealWealthy.com)
    https://durhamrei.ca (https://DurhamREI.ca)

    • 6 min
    Rental Unit Renovations – Repainting, Replacing, or Refacing

    Rental Unit Renovations – Repainting, Replacing, or Refacing

    Episode Summary
    In this episode of Get Real Wealthy Season 2, Quentin discusses renovations of the rental unit – repaint replace, or reface.
    Quentin says that firstly, you want to maximize your renovation dollars as well as the possible rents for a given property. We always want to have our property clean, safe and secure, so we want our renovations to match it. You want to make the property appear safe when someone walks up, the curb appeal also makes a huge difference. He adds that when getting into a new rental unit or turning over a rental unit, make sure that you use the same colour paint. Quentin says that they have the same colour scheme that they use as well as similar lighting.
    He adds that usually when turning over a unit, the property might require small-scale minor fixes. Ultimately, it just depends on the condition of the property, and whether a section needs repainting, replacing, or refacing. Whether it is cabinet doors in the kitchen, countertops, bathroom fixtures, vinyl tile flooring, faucet fixtures – you need to find things that work well for you. You want to create that list of items that you're going to continue to do over and over again in every rental unit. He concludes by saying that the key, when it comes to renovations of the rental unit is consistency.
    Important Links
    https://educationrei.ca (https://EducationREI.ca)
    https://getrealwealthy.com (https://GetRealWealthy.com)
    https://durhamrei.ca (https://DurhamREI.ca)

    • 7 min
    Renting vs. Buying a Vacation Property

    Renting vs. Buying a Vacation Property

    Episode Summary
    In this episode of Get Real Wealthy Season 2, Quentin discusses renting versus buying a vacation property.
    Quentin says that over the past few months, there have been a lot of vacation properties being rented out in the Halliburton area, where a few years ago, there were for-sale signs everywhere. So, why would you buy a vacation property? He says that if one of your goals was to own a vacation property and go ahead and buy it. However, if you're just looking to utilize the vacation property, there are a couple of different options. First, how often are you actually going to utilize the actual property? Look at the number of days that you were actually able to go to the cottage versus renting the same type of cottage in the same area. This will give you an idea of whether the expenses owing such a property are feasible or not.
    He adds that oftentimes, the rental vacation properties barely cover the expenses and don’t offer any significant cash flow. It is different for people who are in the business of short-term vacation property rentals. The other thing is can you get a better yield on your money in a different asset? Sometimes it makes more sense to invest money in your business or in a rental property in a different area that has good cash flow and good appreciation.
    Quentin adds that when it comes to vacation properties, there are other types of investments as well like new fractional ownership properties, where there are 12 owners of the property, and each one gets assigned five weeks, where you can go and visit. However, it is not an investment as it does not give a yield that you can get on an investment property with cash flow and appreciation in a good solid investment area. As for timeshare, he says “Get it off the secondary market you can probably pay for like the cost of the paper that it's on like $1 And you just take over the payments. Don't buy a new timeshare.”
    In conclusion, he adds that to learn about whether your property would make sense as a vacation rental, you can use resources like AirDNA, to get an idea of how much time a certain area is being rented out and the prices that they're going for. This will help you make an informed decision.
    Important Links
    https://educationrei.ca (https://EducationREI.ca)
    https://getrealwealthy.com (https://GetRealWealthy.com)
    https://durhamrei.ca (https://DurhamREI.ca)

    • 7 min
    How to Achieve Your Real Estate Goals Faster

    How to Achieve Your Real Estate Goals Faster

    Episode Summary
    In this special episode of Get Real Wealthy, Quentin talks about how you can achieve your real estate goals faster.
    Quentin says that when we're talking about goal setting, you really want to have a long-term vision, and then a shorter-term vision, and be able to achieve that weekly, whether you take a 10-year view out or 20-year view out, you want to have that big picture. So that you continue to work on that, and then you want to break it down into smaller goals. He adds “I am going to focus on your real estate portfolio. But you can do the same thing to any goals that you have.” He says that the first thing that you need is to have a “vision”, and what are you going to do when you get there. You need that big “why” of doing it and when that difference is big enough, then you will be able to achieve that goal. Quentin shares that his own journey in real estate became successful because of goal setting and goal achieving.
    When it comes to setting long-term goals, he suggests choosing goals across various categories like business, health and fitness, financial, relationship, lifestyle, personal growth and development, contributions, etc. Then, you should have near-future goals, like what type of real estate investor do you want to be? You have to decide for yourself what that looks like, and then you have to be able to measure it. He also says that the trick is, whatever you spend the most time in, you are going to feel more successful doing it. Your mindset affects your behavior, and then you will be able to do something that you didn't think you were able to, he adds “whatever you focus on, grows.”
    Quentin shares that by using the template from Action Taker’s Real Estate Investing Planner, you can set up quarterly goals like him. The other thing that you should be doing is a quarterly challenge, something that takes you out of your comfort zone. If you want to achieve your goals, you got to challenge yourself. You also have to delegate to other people, what you cannot do yourself. Real estate is a multiple-person game, you need other people on your team to be able to help you. For personal deployment, what are those centers of influence, who specifically is going to help you to get your goal? Lastly, what's your real estate strategy, your focus, and then identify what freedoms you have achieved. This is how you will be able to purposefully achieve your goals.

    Resources Mentioned
    Action Taker’s Real Estate Investing Planner (Free Chapter 1)
    https://amzn.to/389eVlY (Action Taker’s Real Estate Investing Planner)
    Important Links:
    https://actiontakerrealestateplanner.com/ (https://actiontakerrealestateplanner.com/)
    https://DurhamREI.ca (https://DurhamREI.ca)

    • 24 min
    Illegal vs. Legal Accessory Dwellings

    Illegal vs. Legal Accessory Dwellings

    Episode Summary
    In this episode of Get Real Wealthy Season 2, Quentin discusses the illegal versus legal secondary suites.
    Quentin says that an accessory dwelling is usually a dwelling that's found in addition to a primary dwelling. So the primary building could be a single detached, semidetached house or one house beside the other and then in the basement of that, there is another unit. Usually, there is another entrance into that unit. Sometimes it's from a shared common area. Sometimes it's a separate entrance from the outside going in. So the accessory dwelling unit can be in the basement, an addition on the back, or the top. Sometimes it could be an exterior building, like a pool building or a garage that has another living unit on the same lot as the building.
    There are some units that are illegal, which were created without permits. They don’t adhere to building codes, the bylaw, or the fire code. So if you are buying a building that has an accessory dwelling, you need to make sure that it's legal. Sometimes there are properties that are legal and non-conforming, though, meaning that they were built perhaps years earlier, met the code at the time, and perhaps they are grandfathered in as being legal but they do not conform to current building codes or the bylaws. He adds that he stays away from the illegal suits because they can easily be shut down if someone complains.
    There are different rules that are out there that allow you to legalize a unit. Sometimes there are pieces of legislation that allow you to grandfather in units. Every municipality is different in this regard. He adds “what I would love to see is that any unit can be made legal as long as it needs fire code, because by law, I think it's a little out of control when it comes to parking regulations and green space.”Quentin further says that there are some risks associated with illegal units. Putting an end to the unit itself can be a big risk because all of a sudden you're losing an income source. If it doesn't meet fire regulations and there's a fire in the unit, and your insurance provider wasn't aware that it was an illegal unit, it could cause some issues for you.
    In conclusion, he says that you should make sure that you have all of those pieces in place. As a professional investor, he likes to stay out of illegal units, adding “that's the way that I like to play and I try to stick to legal units as much as possible. Sometimes I may have a building that has an illegal unit in it and I work to through the process to convert it to make it legal.”
    Important Links
    https://educationrei.ca (https://EducationREI.ca)
    https://getrealwealthy.com (https://GetRealWealthy.com)
    https://durhamrei.ca (https://DurhamREI.ca)

    • 7 min

Customer Reviews

4.9 out of 5
32 Ratings

32 Ratings

Sharon Caetano ,

Phenomenal knowledge base with a practical application.

Quentin is down to earth, knowledgeable and easy to follow. Anyone who puts Quentin’s practical knowledge and suggestions into action is bound to do well in Real Estate Investing!

Investing with Purpose ,

Practical information for practical application

I appreciate Quentin’s podcast because his content offers real estate investors with very practical information, that is beneficial when put into practice.

Peterwilson99 ,

Very informative

I didn’t know much about inviting in real estate but Quentin explains information in a very clear way. He provides actual information that is needed to learn and leaves out all of the useless filler. Great podcast!

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