255 episodes

The goal of the Property Profits Real Estate Podcast is to bring proven real estate investing strategies, tactics, and ideas to active real estate entrepreneurs who want to grow their portfolios faster and easier. We deliver several

actionable ideas to boost results using our 10 questions in 17 minutes interview format.

www.PropertyProfitsPodcast.com

Property Profits Real Estate Podcast Dave Dubeau

    • Business
    • 5.0 • 11 Ratings

The goal of the Property Profits Real Estate Podcast is to bring proven real estate investing strategies, tactics, and ideas to active real estate entrepreneurs who want to grow their portfolios faster and easier. We deliver several

actionable ideas to boost results using our 10 questions in 17 minutes interview format.

www.PropertyProfitsPodcast.com

    #InvestorSpotlight: Demetri Boundris, Comfort Living Properties

    #InvestorSpotlight: Demetri Boundris, Comfort Living Properties

    What you will learn from today's episode:


     


    Find out an investment strategy that can weather down any economic or market downturns

    Learn about what economic fundamentals you should consider in choosing the market you invest in   

    Discover strategies to prepare properly, give your business a good cushion, and have a reserve fund for any market reversals 


     


    Resource:


     


    Website: https://comfortlivingproperties.com/


     


    Summary:


     


    Demetri Boundris is a passionate professional real estate investor, realtor, and entrepreneur. He thrives on helping others achieve their goals by investing in real estate. He has invested in real estate for 14 years in areas that exhibit excellent economic fundamentals. With his knowledge and experience, he has acquired properties that provide exceptional returns on investment capital.


     


    In this episode, Demetri shares how investing in commercial multifamily properties allowed him a buffer from any economic losses and how anyone can get involved in real estate investing by becoming an active or passive investor. And with that, whichever way you do it, you can still expect something great to happen in your life.







    Topics Covered:


     


    01:00 - Sharing his background in real estate investing


    02:03 - The type of commercial real estate that he has invested in


    02:54 - What ignited his interest in real estate at an early stage in his life


    04:33 - Why he is engaging in bigger deals


    05:57 - Reasons why he is dealing with multifamily investing


    07:11 - His latest BRRRR property


    08:24 - What kind of property was his five-plex when he acquired it?


    10:09 - How long is the turnaround for his recent BRRRR property


    11:31 - His market preference for his BRRRR properties and why he has a good reason to invest there


    12:55 - Preparing for the bad times


    14:27 - What sets him apart from other investors and the creative ways you can create more income


    17:30 - Lessons learned from his real estate investing journey


    18:39 - Is real estate investing for everyone, and what are the two ways you can be investing in real estate


     


    Key Takeaways:


     


    "The main reason why I invested in real estate was basically for time and to have some options in my life. By making some extra cash flow and having some financial freedom down the road from real estate, I could do what I want with my time." - Demetri Boundris


     


    "It [multifamily commercial properties] produces a little bit more cash flow as well like economies of scale so the more units, generally, really do that. That's one of the reasons why I do like it." - Demetri Boundris


     


    "[His unfair advantage] I think it's finding creative ways to generate more income and properties that some others don't see, like, adding lockers, renting a garage on the property that someone didn't see the opportunity to do, and adding a laundry room." - Demetri Boundris


     


    "Don't pass up on a good deal." - Demetri Boundris


     


    "I don't think it's [real estate investing] for everybody, certainly being an active realtor. But I do think that to some degree, real estate investing can be for everybody. Some people may just want to do it passively. They just want to invest the money and let somebody else take care of everything else, but it certainly can do a lot for someone's life." - Demetri Boundris


     


    Connect with Demetri Boundris:


     


    Website: https://comfortlivingproperties.com/

    LinkedIn: https://www.linkedin.com/in/demetri-boundris-c-e-t-me-b22004158/


     


    Connect with Dave Dubeau:


     


    Podcast: http://www.propertyprofitspodcast.com/

    Website: https://davedubeau.com/home

    Investor Attraction Workshop: http://www.investorattractionworkshop.com/

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

    LinkedIn: http://linkedin.com/in/davedubeau


     

    • 18 min
    Virtual Assistants and Real Estate with Jonathan Farber

    Virtual Assistants and Real Estate with Jonathan Farber

    Jonathan Farber achieved financial freedom at 27. He left his corporate enterprise technology sales job to focus on traditional rentals, short-term rentals, Airbnb arbitrage, and wholesaling podcasting, and course creation. He leads a mastermind group of people looking to start real estate investing. He started with house hacking from 21-25 and then started buying traditional rentals and short-term rentals with creative acquisition and financing strategies. Jonathan has done this by using virtual assistants, systems, and a few close team members.


    In this episode, Jonathan shares how things become more efficient and productive for him as he takes advantage of outsourcing tasks he doesn't like doing, are repetitive and is not good at. 


    Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/


    What you'll learn in just 17 minutes from today's episode: 


    Find out how you can be more productive and grow more your real estate business by leveraging virtual assistants

    Learn how you can start outsourcing to virtual assistants and free yourself of repetitive tasks and focus more on the essential things in your business

    Discover resources you can hire VAs for without costing you much


    Resources/Links: 


    Website: https://jonfarber.co/


    Topics Covered: 


    01:52 - How has his real estate business benefited from having VAs around

    02:32 - What is this 'root cause analysis' about

    03:26 - His system for productivity

    08:06 - Why outsource to a virtual assistant

    10:23 - What more can you gain advantage from having virtual assistants

    15:59 - Something you can start outsourcing 


    Key Takeaways: 


    "I think the mantra with VA is that 80% of something is better than 100% of nothing. It's like an overused, trite expression. But so true. We're all perfectionists. And what I think about with a lot of activities is root cause analysis, like why am I not doing the thing that I want to do?" - Jonathan Farber


    "I would say my system for productivity is a combination of like EOS, Traction, one thing, these are all books, but you know, just for me, like identifying what were the pieces that I like doing, that I'm good at doing? And then what are the things that I don't like doing and I'm not good at doing." - Jonathan Farber


    "I think there's really only three things that can't be outsourced, which are taking care of your body, making goals, and creating relationships. Other than that, I feel like almost everything tactically can be outsourced." - Jonathan Farber


    "I think the absolute easiest way is getting a logo done. I think for a lot of people, it'll open up the mind to the possibility of outsourcing something that in our heads would think is very, may be expensive or difficult." - Jonathan Farber


    Connect with Jonathan Farber: 


    Website: https://jonfarber.co/

    LinkedIn: https://www.linkedin.com/in/jonathanfarber1/

    Facebook: https://www.facebook.com/jonathan.farber.9

    Facebook Group on Real Estate Mentorship Mastermind:https://www.facebook.com/groups/860025821084224/

    Biggerpockets: https://www.biggerpockets.com/users/jonathanf29

    Podcast Systems University Course: https://jonjfarber.clickfunnels.com/opt-in1613585347289


    Connect with Dave Dubeau: 


    Podcast: http://www.propertyprofitspodcast.com/ 

    Website: https://davedubeau.com/home 

    Investor Attraction Workshop: http://www.investorattractionworkshop.com/ 

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

    LinkedIn: http://linkedin.com/in/davedubeau 


    Enjoyed the Podcast? 


    Please subscribe on iTunes for updates

    • 20 min
    Money Alignment with George Grombacher

    Money Alignment with George Grombacher

    George Grombacher is the president of Money Alignment Academy and the host of the Lifeblood podcast. He's working to help people get better at money so they can live how they want.


    In this episode, George talks about what most people’s limiting beliefs about money are, how to become aware of it, and the steps you can do to overcome it. He also shares about handling debt as this is what most people are stuck with that prevents them from being financially secure and prosperous. He also doubles down on the importance of having a budget as this helps you in forecasting for properties to buy where your real estate business is concerned. He also talks about what his Money Alignment Academy is all about and what’s in it for you.


    Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/


    What you'll learn in just 17 minutes from today's episode: 


    Find out how to know if you are going through a negative money mindset so you become aware and take action in the right direction

    Discover about the process of overcoming scarcity mindset so you create abundance and become a successful real estate investor

    Find out how to be financially secure in six months so you end up getting financially prosperous


    Resources/Links: 


    Website: https://moneyalignmentacademy.com/
     


    Topics Covered: 


    01:04 - The negative money mindset most people have

    02:29 - What you can do to turn around that limiting money belief

    04:29 - How to know if you are suffering from a negative money mindset

    05:11 - Managing debts, getting out of it, and become financially prosperous

    08:10 - Key points you need to remember about having debts

    09:27 - Why have a budget

    10:28 - What a budget is in a nutshell

    11:29 - A budget guide you can consider

    12:46 - Why more budget percentage on wants than savings

    14:15 - Talking about Money Alignment Academy -- what’s it all about


    Key Takeaways: 


    “How do I know if I'm suffering from that? I think that if you are plateaued,  you sort of go along doing the same thing, and foods are kind of bland to you. You're just not taking steps up. Or if you feel like you're in a rut, then I bet that you have some kind of negative belief about money or some kind of a negative limiting script running in your head.” - George Grombacher


    “Once you recognize if you do have some kind of a limiting or negative belief about money, well, then it's just a matter of starting to dig into why it is that I think that and it's probably not a rational thing. Once you become mindful of it, then you can actually start to be logical about it and say, “I'm feeling this way, but I'm not going to act on that, or I'm going to choose to act in this fashion.” - George Grombacher


    “When we get into debt -- credit card, that's when we stop living, and you start surviving because you get to service debt.”  - George Grombacher


    “I want everybody to be rich, I want everybody to have financial prosperity, but you can never get financial prosperity unless you have financial security. And that six months will get you there. So get out of credit card debt.” - George Grombacher


    “I don't have any negative opinion about debt, like taking out a loan to buy real estate. I think that's awesome. Do that. But you and I both know that  consumer debt is just crushing, and it stops you from becoming successful.”- George Grombacher


    “There's no certainty in the world, we just don't know what's going to happen next. But that really positions you and it gives you a little bit of certainty at least looking backward. And you are more in charge of your cash flow when you have a budget.” - George Grombacher


    Connect with George Grombacher: 


    Website: https://moneyalignmentacademy.com/

    Podcast: https://moneyalignmentacademy.com/lifebloodpodcast/

    Twitter: https://twitter.com/glgrombacher

    Linkedin: https://www.linkedin.com/in/georgegrombacher/

    Facebook: https://www.facebook.com

    • 15 min
    #FreeFlowFriday: Cottage Rentals 101

    #FreeFlowFriday: Cottage Rentals 101

    Have you heard about rental cottages and how it's creating a buzz in the real estate business?


    Are you interested to know how to go about these investment strategies and cash flow strongly even during off-peak season?


    How about learning all the tips and tricks about expense management, as these are critical to running your rental cottage business?


    These and more on the Free Flow Friday on the Property Profits Podcast. We have our guest presenter to share everything about that.


    Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/


    What you’ll learn from today’s episode:




    Learn about one of the best tools to use to accelerate growth in your cottage rental business

    Find out how to keep massive cash flows and get top dollars from rental cottages

    Discover how to turn those rental cottages into Instagram-worthy experiences for renters to want them for possible bookings with you






    Resources/Links:


    Website: https://www.simplyparadisefr.com/






    Topics Covered:


    03:14 - Talking about the cottage rental business, how we got into it, and of the deals he did

    03:56 - What a 'Vendor Takeback' mortgage is

    06:16 - Taking advantage of an opportunity that presented itself

    08:29 - One great strategy and tool when buying rental cottages

    10:07 - A great way to add value to a property

    13:05 - Where and how to get renters and fill vacancies for your rental cottages

    14:16 - Other things that have become effective in running rental cottages

    14:41 - How offseason marketing looks like

    17:33 - Challenges encountered during COVID and how it turned around

    20:52 - Tips and tricks around expense management

    27:04 - Where Kyle's focus is on the whole rental cottage business

    28:56 - Recalling how rental cottages was just a lifestyle investment which turned out into a primary source of income



    Key Takeaways:


    "Great tool for you to use when you're negotiating on buying cottages. It can be an emotional experience for the family to be selling the property. We negotiated a one-year close. So we're going to make the offer today at a greater price, put the deposit down today. And the way we positioned that wasn't, 'Hey, we're not ready to buy it right now.' It gives the whole family one last summer; every kid gets a week at the cottage. Everyone gets a chance to say goodbye to it. And then we'll be closed in the following year. It worked out really well. They went for it right away." - Kyle Ford


    "Airbnb is a great tool. It's one of the core calendars that we use in our business; the actual format and layout of Airbnb are fantastic. It's a great way to fill our vacancies. But the bulk of what we do is actually on Facebook. We rent to people who don't even know that they're looking for cottages. So Chelsea will post in buy and sell groups, Facebook marketplace, just pictures of our cottage and we get a ton of bookings through that." - Kyle Ford


    "Here are some tips and tricks around expense management. Our businesses are basically all Google Drive now, links really well, shares on email. We use a Google Sheet to communicate with our maintenance people. At the point right now we have a full-time guest experience manager that does all the front end of the business, and my fiance' does all the sales." - Kyle Ford


    "We run our cleaning in-house now where we have our own staff cleaners, as well. Generally, that's not going to make sense for you until you hit about the five-property range. Until then, work and hire with a reputable cleaner or cleaning company and pay them well. Do not nickel and dime these cleaners, especially if you're not local to the property. These people can be your holy grail." - Kyle Ford


    "Put professional cottage check-in instructions, the FAQs. Some things might seem obvious to you. But if you've never been there, you don't necessarily know we have people traveling from abroad who don't speak English. So when they're coming to this new countr

    • 25 min
    JV Agreements with Mandy Branham

    JV Agreements with Mandy Branham

    Mandy Branham is an inspired investor with a global vision to impact housing in the world. She's passionate about changing the trajectory of every person’s financial future with real estate as the vehicle for generational legacy. Mandy is the recipient of REIN Canada's 2019 JV of the Year showcasing the emphasis she has on Value-Based Partnerships as a mode of constantly expanding her business on all levels. 


    In this episode, Brandy shares what makes her tick as a JV queen that we can all learn from so we can have joint venture partners one after another with them looking after us rather than the other way around.  


    Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/


    What you'll learn in just 17 minutes from today's episode: 


    Discover tips in getting joint venture partners that reach out to you rather than you going after them 

    Learn the important things to know in the Joint Venture agreement so that expectations are met, roles and responsibilities are clearly stated and agreed upon

    Find out which avenues to go to so you find opportunities for your joint partnerships 


    Resources/Links: 


    Website: https://mandybranham.com/ 


    Topics Covered: 


    00:37 - How she got the title as the JV queen 

    04:40 - Making people reach out to her for joint venture deals 

    06:15 - Options you have to be able to buy the deals you want  

    07:11 - Why show up in real estate investment clubs 

    09:24 - How to let people know what you’re good at 

    10:53 - Mistakes committed when doing joint ventures and joint venture agreement 

    13:50 - What her JVs look like  

    15:21 - Important things to keep in mind in JV agreements 

    18:34 - Valuing transparency 

    20:40 - Minimum maintenance reserve fund to be maintained 

    23:16 - Talking about ‘escape clause’ in the JV agreement 


    Key Takeaways: 


    “Tip number one, in the joint venture world, it doesn't just happen when you talk to one person, you get one joint venture, you have to talk to 10 to get one, so we were talking to a lot of people. We had a lot of those people fizzle away. But we started to attract a lot of people that did like the conversations that we were having and did like the people that we were becoming.” - Mandy Branham 


     “I started to fish in a pond that I knew was fish. I was going to networking groups. So in this time of virtual and digital networking, I want you to go where there are other like-minded investors.  I want you to be going to like-minded sites with people who are talking, thinking about investing.” - Mandy Branham 


    “It started out with a deal that had to be so good that I was willing to put my own name on it. And so people kind of got that confidence level of ‘Well, if Mandy's willing to put her money on it, then I'm willing to put my money on a deal that I know.” - Mandy Branham 


    “How we hold the asset in the joint venture is one of the important factors that people need to understand. Another thing to really understand is the exit strategy for the joint venture to be able to go in and that's identified in the joint venture agreement, this is a five-year buy and hold. This is a three-year flip, or this is a three-year buy-and-hold. And so nobody is shocked and shaken when five years comes up.” - Mandy Branham 


    “The other thing really, really, really big in a joint venture agreement is to identify very clearly, whose roles and responsibilities are.” - Mandy Branham 


    Connect with Mandy Branham: 


    Website: https://mandybranham.com/

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

    Facebook: https://m.facebook.com/solutionsdrivenpropertygroup/

    LinkedIn: https://ca.linkedin.com/in/mandy-branham

    Google Business Page: https://g.page/mandy-brahnam?share 


    Connect with Dave Dubeau: 


    Podcast: http://www.propertyprofitspodcast.com/ 

    Website: https://davedubeau.com/home 

    Investor Attraction Workshop: http://www.investor

    • 28 min
    #RealEstateClub/AssociationSpotlight: Chesterfield REIA, Olatokunbo Oni and Keoshoa Gordon

    #RealEstateClub/AssociationSpotlight: Chesterfield REIA, Olatokunbo Oni and Keoshoa Gordon

    Olatokunbo Oni is the Founder and Executive Director of Chesterfield Real Estate Investors Association – a premier real estate investment club in Chesterfield, Virginia formed last 2018. Together with Keoshoa Gordon – the Co-Founder, Chesterfield REIA aims to provide the best education, resources, tools, and networking opportunities to help their members see the results they want in their career. Chesterfield REIA has a total of 110 members at present.


    In this episode, Oni and Keoshoa share stories on how Chesterfield REIA helps members reach great heights in their career. Here, they talk about the effects of having diverse minds through having speakers not limited to one, as well as the importance of giving back.


     


    Checkout: REAL ESTATE CLUB/ASSOCIATION SPOTLIGHT: :https://www.chesterfieldreia.com/


      


    What you’ll learn in just 14 minutes from today’s episode: 


    Understand how the network creates more opportunities for REIA members;

    Find out stories about the wonders of having two to three speakers in a meeting;

    Learn about the value of giving back, regardless of the money we’re earning on what we do.


      


      


    Key Takeaways: 


      


    “We try to diversify – just all different types of aspects in one meeting – and it really helps our members and our guests.” – Keoshoa Gordon


     


    “It has given me a reputation that I’m an expert in my field. Most importantly, when you go to meetings, you get more networks, but sometimes, you don’t know who is in a network. Now, that network is coming to me.” – Olatokunbo Oni


      


      


    Connect with Olatokunbo Oni:


    Website: https://www.chesterfieldreia.com/default.aspx

    Email: oni@realvestorgroup.com 

    Mailing Address: 1221 Mall Drive North Chesterfield Virginia 23235


     


    Connect with Chesterfield REIA:


    Email: ambeypropertiesllc@gmail.com 


     

    • 10 min

Customer Reviews

5.0 out of 5
11 Ratings

11 Ratings

Fashionistagirly1967 ,

Great Show!

I loved Dave’s episode with James and Riley where they spoke about how their AirBnB properties have thrived despite COVID times. That was a very positive and inspiring podcast episode to listen too!

Sharon Vornholt ,

Great podcast every time.

I have been a long time listener of this show. Dave always provides great content without all the fluff. He has extensive knowledge of real estate investing, and always provides great tips for growing a profitable real estate investing business. If you want a great mentor that will help you grow your business, you should definitely be listening to this podcast. I highly recommend it.

Daray25 ,

Amazing Podcast and Message

Great podcast that Dave and his team put together here, I enjoyed being on a guest on the show back in November 2019. I’m highly recommended for real estate entrepreneurs!

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