Well Off Podcast Georges El Masri

Cory Matthews has been in Real estate for the past ten years. He and his wife started investing in real estate in 2015. They had a very small budget when it came to renovating their first rental property and they’ve built their portfolio to 12 units to this point.
On this episode, we discuss:
- Learning about renovations through DIYs and hiring the right contractors
- His real estate journey and how he started with very little and was able to apply the BRRR strategy
- How he was able to borrow funds from family to grow his portfolio
- Slow and steady growth - avoiding too much risk and debt
You can reach out to Cory Matthews by visiting his Instagram: @corymatthewsrealtor
Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a
Renovation”
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Daniel Foch is a real estate broker, working in the real estate industry for over 15 years. Daniel and his team have transacted over $250M in real estate across a variety of asset classes. Daniel was an active instructor, contributor and researcher in the University of Guelph’s Real Estate Faculty. He hosts The Canadian Real Estate Investor Podcast. On this episode, we discuss:
 
The latest real estate news headlines like:
Inflation in the US and its impact on the Canadian economy
Recent OSFI (Office of the Superintendent of Financial Institutions) regulation changes
Upcoming opportunities in the Canadian real estate market
NAR (National Association of Realtors) lawsuit
Recent TRESA changes and open bidding
 
You can reach out to Daniel by visiting www.danielfoch.com
Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”
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Austin Yeh is a mortgage agent at Vine Group and a seasoned real estate investor. He started with $40,000 in savings in late 2018 and expanded his real estate portfolio to over 25 properties within 5 years. He also founded RISE Network and co-hosts the RISE Real Estate Investing Podcast. 
On this episode, we discuss:
- How he was able to grow his portfolio quickly
- How being featured in a Toronto Life articles changed his life
- Why he got into the wholesaling business
- Being over leveraged on a 6plex, the complications and stress it caused
- Credit card points hacking
 
You can reach out to Austin Yeh by visiting https://www.instagram.com/austinyeh6/reels/
Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”
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Luc Boiron is a leading Canadian real estate investor who has been investing since 2007. Luc is a former lawyer who also holds an MBA, but left that world in 2016 to start Bliss Realty Inc. with the goal of flipping houses. Since then, he has built one of the largest residential property acquisition companies in Canada and has bought and sold over 850 houses across the country. With an in-house team of over 30 employees, Luc has also grown his residential rental portfolio with a mix of single-family and apartment buildings, short term rentals and coach house builds.
On this episode, we discuss:
- His recent hoarder house purchase
- Why the wholesaling business has slowed down
- Flipping 30-50 properties in a year
- Costly mistakes to avoid when flipping
- His flipping success rate in the last year
- A new motel project he’s working on
CTA: I’m willing to help one person buy their first 10 unit apartment building. If you’re interested in discussing this opportunity, make sure to message me on instagram: @welloffx
Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”
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Michael Lombardi shares how his experience in other fields helped him get into real estate investments. His journey in real estate investment began in Toronto in 2016 with a triplex house hack, progressing through a series of moves including an accidental BRRR in Brantford and multiple conversion projects in Welland. Adding value through intentional renovations has been central to his strategy. The influence of his family, particularly his mother, a career property manager, has been invaluable. Michael’s real estate endeavours have been punctuated by both learning curves and small wins, with a portfolio now including 7 properties and 16 units.
 
In this Episode, you’ll be able to
- Understand the process and benefits of house hacking a Toronto triplex 
- Understand how to leverage using HELOCs
- Learn about acquiring property outside of the Greater Toronto Area and outsourcing property management companies 
- Learn about the benefits of adding a basement suite to a bungalow 
 
 
You can reach out to Michael by visiting certaincapital.ca
Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”
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Many yearn to have a successful real estate portfolio, but only some truly understand the mechanisms behind it. Today, we focus on an inspiring story of creative financing and strategic investing with Myuren Chanthirakumar, a commercial appraiser and steadfast real estate investor, who shares his journey to owning an impressive portfolio of 14 properties and over 40 doors.

In this episode, you'll be able to: 
Understand the value of building and financing Understand lender requirements and strategies for building cash reserves Rapid growth in property acquisition Leveraging properties for further investments Utilize trust agreements for property acquisition Overcoming challenges and building a team Myuren embarked on his real estate journey in 2019. Outside of investing, he works as a commercial appraiser for a global occupier services team, where he consults commercial real estate practices. Throughout his career, he constantly emphasized the need to think creatively, and so began his journey into real estate investing.

His real estate adventure started with an aborted pre-construction condo purchase. After fully understanding the financial implications, he calculated he'd be outmatched and backed out within the 10-day cooling period. Determined not to be defeated, he opened a map of Ontario. His research pointed him to Windsor, a city on an impressive growth trajectory.

In Windsor, he bought his first property, a single-family home, for $257,000. Thanks to creative financing, the down payment came from a mix of his savings, a loan from his parents quickly repaid via a line of credit. He was now cash flow positive, but his tenants stopped paying rent due to COVID-19. It was a hard setback but a lesson in due diligence and clear communication.

You can contact Myuren by visiting https://www.linkedin.com/in/myurenc/.

FREE REPORT: Download our free report: "Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation”

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This episode has been brought to you by Don Chen, Mortgage Agent, Pineapple.
Tel: 647-961-3281
Email: don@gopineapple.com
Follow on Instagram and Facebook @themortgagedon