True Wealth Podcast

Summary: In this episode, Andrew Kim discusses different ways to earn a six-figure passive income in US real estate investment. He explains how Canadians are turning to US real estate due to high home prices and restrictive landlord laws in Ontario and BC. Andrew outlines a 10-year strategy that involves buying multiple properties, refinancing, and reinvesting the cash flow. He also discusses the use of HELOCs to accelerate the portfolio growth. The goal is to achieve a sustainable portfolio of up to 15 homes that generate a six-figure passive income. Keywords: real estate investment, passive income, US real estate, Canadian investors, HELOC, portfolio growth Takeaways: Canadians are turning to US real estate due to high home prices and restrictive landlord laws in Ontario and BC. A 10-year strategy involves buying multiple properties, refinancing, and reinvesting the cash flow. HELOCs can be used to accelerate portfolio growth and allow for the purchase of fixer-upper properties. The goal is to achieve a sustainable portfolio of up to 15 homes that generate a six-figure passive income. Titles: The Benefits of Investing in US Real Estate for Canadians Accelerating Portfolio Growth with HELOCs: A Path to Six-Figure Passive Income Sound Bites: "Getting a lot of influx from Canadians looking for direct real estate ownership, but realizing that the numbers and the laws are not working in their favor to invest locally." "Canadians are using the HELOC to accelerate. So now they've got this extra tranche of capital, they can buy homes with quote unquote all cash because they're buying outright their HELOC." "Real estate is a slow climb. It's not a get rich quick scheme. It does take time. You want the markets to improve, you want to diversify." Chapters: 00:00 - Introduction and Overview 07:19 - Slow Climb: The Long-Term Approach to Real Estate Investment 13:13 - Being Aggressive: Front-Loading Investments and Accelerating Growth 24:48 - Conclusion and Closing Remarks Featured on the Show: Andrew Kim CEO & Co-Founder for SHARE Website: Website: https://twa.sharesfr.com To schedule a call with us! Click here to book a convenient time for a discussion: https://calendly.com/sfrteam/twa For more information about Mortgage and Financial Planning services, visit our website: https://www.realty.truewealthadvisors.ca/ To schedule an appointment with us, click here: https://truewealthadvisors.ca/schedule 👉 Subscribe to our channel. And press the bell 🔔 icon. 🔗 https://www.youtube.com/@TrueWealthREAdvisors/featured?sub_confirmation=1 Thank you for supporting “True Wealth - Real Estate Investing for Canadians ” you can follow us on the Social Media Links Below: ✔ TikTok: tiktok.com/@truewealthrealtyadvisors ✔ LinkTree: linktr.ee/TrueWealthAdvisors ✔ Facebook: facebook.com/TrueWealthCA ✔ First Time Home Buyers: truewealthadvisors.ca/securemyhome ✔ Free Guide: truewealthadvisors.ca/mistakestoavoid ✔ Website: realty.truewealthadvisors.ca Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Seun Adeyemi and Dmitri Bourchtein discuss the importance of metrics in real estate investing. They cover topics such as purchase price, location, rental income, expenses, net operating income (NOI), cap rate, cash on cash return, and internal rate of return (IRR). They emphasize the need for diversification and the importance of working with knowledgeable professionals to make informed investment decisions. Takeaways: Understanding the metrics of real estate investing is crucial for making informed investment decisions. Metrics such as purchase price, location, rental income, expenses, net operating income (NOI), cap rate, cash on cash return, and internal rate of return (IRR) help evaluate the profitability and risk of an investment. Diversification is key in real estate investing to mitigate risk and maximize returns. Working with knowledgeable professionals, such as financial planners and real estate experts, can provide valuable guidance and help create a holistic investment strategy. Featured on the Show: Dmitri Bourchtein, Co-Founder & Chief Investment Officer (Share SFR Technologies Inc.) Website: https/twa.sharesfr.com To schedule a call with us! Click here to book a convenient time for a discussion: https://calendly.com/sfrteam/twa ----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------- For more information about Mortgage and Financial Planning services, visit our website: https://www.realty.truewealthadvisors.ca/ To schedule an appointment with us, click here: https://truewealthadvisors.ca/schedule 👉 Subscribe to our channel. And press the bell 🔔 icon. 🔗 https://www.youtube.com/@TrueWealthREAdvisors/featured?sub_confirmation=1 Thank you for supporting “True Wealth - Real Estate Investing for Canadians ” you can follow us on the Social Media Links Below: ✔ TikTok: tiktok.com/@truewealthrealtyadvisors ✔ LinkTree: linktr.ee/TrueWealthAdvisors ✔ Facebook: facebook.com/TrueWealthCA ✔ First Time Home Buyers: truewealthadvisors.ca/securemyhome ✔ Free Guide: truewealthadvisors.ca/mistakestoavoid ✔ Website: realty.truewealthadvisors.ca #realestateinvesting #realestateinvestingforbeginners #realestate #whytheusrealestatemarketismorelucrativethanthecanadianmarket #usrealestatemarketvcanadianrealestatemarket 🚫Disclaimer: Don't Try To Download & Copy Anything From This Channel. It's a Cyber Crime. All Videos of this Channel are Copyrighted by True Wealth - Real Estate Investing for Canadians Thank you for watching this video, 👇 click the "🆂🆄🅱🆂🅲🆁🅸🅱🅴" button to stay connected with this channel. Subscription Link: https://www.youtube.com/@TrueWealthREAdvisors/featured?sub_confirmation=1 Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Andrew Kim discusses the financing options available to Canadians looking to purchase real estate in the US. He explains that Canadian banks with US arms, such as RBC and TD, offer investment mortgages for buying US properties. These mortgages allow Canadians to leverage their Canadian credit and purchase properties in the US. Additionally, there are specialized loans, such as DSCR loans, that focus on the cash flow of the property rather than the borrower's personal credit. Andrew emphasizes the advantages of fixed-rate mortgages and the ability to refinance in the future. He also highlights the importance of credit and track record in securing financing. Overall, financing options in the US market provide opportunities for Canadians to invest in real estate and build wealth. Takeaways Canadian banks with US arms offer investment mortgages for buying US properties, allowing Canadians to leverage their Canadian credit. Specialized loans, such as DSCR loans, focus on the cash flow of the property rather than the borrower's personal credit. Fixed-rate mortgages in the US provide stability and the ability to refinance in the future. Credit and track record are important factors in securing financing for US properties. Featured on the Show: Andrew Kim CEO & Co-Founder for SHARE Website: https://twa.sharesfr.com To schedule a call with us! Click here to book a convenient time for a discussion: https://calendly.com/sfrteam/twa For more information about Mortgage and Financial Planning services, visit our website: https://www.realty.truewealthadvisors.ca/ To schedule an appointment with us, click here: https://truewealthadvisors.ca/schedule 👉 Subscribe to our channel. And press the bell 🔔 icon. 🔗 https://www.youtube.com/@TrueWealthREAdvisors/featured?sub_confirmation=1 --------------------------------------------------------------------------------------------- Thank you for supporting “True Wealth - Real Estate Investing for Canadians ” you can follow us on the Social Media Links Below: ✔ TikTok: tiktok.com/@truewealthrealtyadvisors ✔ LinkTree: linktr.ee/TrueWealthAdvisors ✔ Facebook: facebook.com/TrueWealthCA ✔ First Time Home Buyers: truewealthadvisors.ca/securemyhome ✔ Free Guide: truewealthadvisors.ca/mistakestoavoid ✔ Website: realty.truewealthadvisors.ca #realestateinvesting #realestateinvestingforbeginners #realestate #whytheusrealestatemarketismorelucrativethanthecanadianmarket #usrealestatemarketvcanadianrealestatemarket Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

"In this episode, Seun Adeyemi delves into the intricate landscape of tax structures and ownership options within the US real estate market alongside Carmen Da Silva, CFO of Share. Carmen shares invaluable insights into fostering a cash flow mindset and the pivotal concept of critical mass, pivotal for navigating the complexities of scaling real estate ventures. She provides a comprehensive examination of tax considerations tailored for Canadian investors, ranging from the advantages of limited partnerships to the strategic delineation of separate entities for both active and passive investments." Takeaways: "Key takeaways from the discussion underscore the paramount importance of discerning between net income and taxable income, as well as the nuanced decision-making process involved in determining whether to retain cash flow within the US market or repatriate it to Canada. As the conversation draws to a close, Carmen extends a warm invitation to listeners to partake in an upcoming workshop, where attendees can gain further insights into real estate investing and tax strategies." Featured on the Show: Carmen Da Silva, CPA Tax Specialist, Chief Financial Officer (Share SFR Technologies Inc.) Website: https://twa.sharesfr.com To schedule a call with us! Click here to book a convenient time for a discussion: https://calendly.com/sfrteam/twa ------------------------------------------------------------------------------------------------------------------------ "Watch the recording of the tax webinar” - https://d1aettbyeyfilo.cloudfront.net/taxtips/31014269_1709317906032GMT20240301-003619_Recording.cutfile.20240301145644986_1920x1080.mp4 ------------------------------------------------------------------------------------------------------------------- For more information about Mortgage and Financial Planning services, visit our website: https://www.realty.truewealthadvisors.ca/ To schedule an appointment with us, click here: https://truewealthadvisors.ca/schedule ------------------------------------------------------------------------------------------------------------------- You can follow us on the Social Media Links Below: ✔ TikTok: tiktok.com/@truewealthrealtyadvisors ✔ LinkTree: linktr.ee/TrueWealthAdvisors ✔ Facebook: facebook.com/TrueWealthCA ✔ First Time Home Buyers: truewealthadvisors.ca/securemyhome ✔ Free Guide: truewealthadvisors.ca/mistakestoavoid ✔ Website: realty.truewealthadvisors.ca Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Seun Adeyemi continues the conversation on investing in U.S. real estate. He discusses the differences between the Canadian and U.S. real estate markets, including factors that contribute to the drastic difference in prices. Andrew Kim from SHARE joins the conversation to explain how SHARE helps Canadians invest in the U.S. real estate market. They discuss the resilience of the U.S. single-family rental market and address concerns about market collapse. They also highlight the benefits of building cash flow and long-term wealth in the U.S. market. The episode concludes with a discussion on the process of investing with SHARE and future topics to explore. Takeaways The Canadian real estate market is overpriced and not conducive for investors, leading many to explore the U.S. market. The U.S. real estate market offers lower price points, better stability, and more diverse job markets compared to Canada. The U.S. single-family rental market is resilient, providing opportunities for cash flow and long-term wealth. Investing in the U.S. market requires a shift in mindset and understanding of the different dynamics and investment strategies. Share provides an end-to-end investing service, helping Canadians navigate the U.S. real estate market and manage their properties remotely. Chapters 00:00 Introduction to the Canadian Real Estate Market 03:02 Introduction to Share and Andrew Kim 06:06 Differences Between the Canadian and US Real Estate Markets 10:39 Factors Influencing the Drastic Difference in Prices 13:22 Resilience of the US Single-Family Rental Market 16:16 Addressing Concerns About Market Collapse 18:29 Building Cash Flow and Long-Term Wealth in the US Market 22:39 Differences in Homeownership Culture 25:20 Investing in Out-of-State Properties 29:53 The Process of Investing with Share 31:30 Wrap-up and Future Topics Featured on the Show: Andrew Kim CEO & Co-Founder for SHARE Website: https://twa.sharesfr.com To schedule a call with us! Click here to book a convenient time for a discussion: https://calendly.com/sfrteam/twa Follow us on TwitterInstagramFacebook Connect with SHARE https://instagram.com/sharesfrhttps://www.facebook.com/ShareSFRinvestmentshttps://www.linkedin.com/company/sharesfr/ Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this episode, Seun Adeyemi interviews Dr. Chad Carter about investing in the US real estate market. Seun expresses frustration with the Canadian real estate market and its pro-tenant regulations. Dr. Chad shares his journey into the US market and his first property purchase. They discuss the benefits of investing in the US, including lower prices and better cash flow. They also talk about finding properties, financing options, and managing properties from a distance. Dr. Chad introduces Beyond Borders, a platform that provides education and consulting services for Canadians interested in investing in US real estate. In this episode, Chad Carter discusses the importance of financial literacy and provides insights into common financial mistakes. He shares investment strategies and highlights the role of real estate in building wealth. The conversation also covers retirement planning and the impact of education on financial success. Finally, Chad shares his thoughts on the future of personal finance. Takeaways: The Canadian real estate market is becoming increasingly pro-tenant and anti-landlord, making it less viable for investors. Investors can find better opportunities in the US real estate market, where prices are lower and cash flow is higher. It is possible for Canadian investors to finance US properties using Canadian banks and their Canadian credit history. When investing in the US, it is important to choose the right market and neighborhood based on metrics like population growth, home price appreciation, and household income. Section 8 housing is a government-sponsored program in the US that provides rental vouchers to tenants, offering landlords a steady source of income and reducing the risk of non-payment. Financial literacy is crucial for making informed financial decisions. Avoid common financial mistakes such as overspending and not saving enough. Diversify your investment portfolio and consider real estate as a wealth-building strategy. Start planning for retirement early and take advantage of retirement savings accounts. Education plays a significant role in achieving financial success. The future of personal finance is likely to be influenced by technology and changing economic landscapes. Featured on the Show: Dr.Chad Carter US Real Estate Investor and Sports Chiropractor Email: info.beyondbordersgroup@gmail.com https://linktr.ee/beyondbordersgroup https://www.beyondbordersgroup.com/ Follow us on TwitterInstagramFacebook Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Summary: In this episode of the True Wealth Podcast, host Seun Adeyemi interviews Alfonso Salemi from JAAG Properties about the rent-to-own program. They discuss how the program works, including the roles of tenant buyers, joint venture partners, and referral partners. They also cover topics such as down payment requirements, determining future purchase prices, and the process of exiting the program. The conversation highlights the benefits of the rent-to-own program, including stability, security, and predictable returns for investors. Overall, the program offers a win-win-win solution for all parties involved. Takeaways: The rent-to-own program helps individuals and families who can't qualify for conventional financing to achieve home ownership. Tenant buyers have the opportunity to choose the home they want to own and work towards building their down payment and improving their credit. Joint venture partners invest in the program and receive monthly cash flow and a predetermined profit at the end of the term. Referral partners, such as real estate agents and mortgage brokers, can refer clients to the rent-to-own program and still earn commissions. Chapters: 00:00 - Introduction and Background 01:22 - How Rent-to-Own Works 03:30 - Choosing and Purchasing the Home 06:30 - Moving into the Property 07:21 - Down Payment Requirements 08:46 - Extending the Program 11:11 - Determining Future Purchase Price 12:07 - Agreements and Contracts 14:08 - Exiting the Program 17:30 - Handling Missed Payments 19:03 - Extending the Program Duration 20:51 - Joint Venture Partners 23:20 - Partnership with Referral Partners 32:17 - Location Restrictions 35:24 - Conclusion and Contact Information Featured on the Show: Alfonso Salemi VP of Business Development Schedule a Call C: 905-902-3669 E: alfonso@JAAGproperties.com JAAGproperties.com Follow Us TwitterInstagramFacebook Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Summary In this episode of the True Wealth Podcast, host Seun Adeyemi and guest Chris Bisson discuss the current state of the real estate market and provide insights on making informed decisions. They explore regional variations in the market, including the impact of COVID-19 on prices in cottage country, Windsor, and North Bay. They also discuss the concept of underwater mortgages and the importance of buying low and holding properties for the long term. The conversation covers the types of properties that offer cash flow opportunities, such as small multi-unit residential buildings and student rentals. The episode concludes with a discussion on choosing a realtor and the benefits of variable rates in the current market. Takeaways Chapters 00:00 - Introduction 01:12 - Real Estate Market Fluctuations 03:12 - Regional Impact on Real Estate 04:50 - Real Estate Market in Cottage Country 07:31 - Real Estate Market in Windsor 08:01 - Real Estate Market in North Bay 09:16 - Impact of COVID-19 on Real Estate Prices 10:01 - Underwater Mortgages 12:06 - Real Estate Market in Calgary 13:33 - Types of Properties for Cash Flow 16:42 - Buying Rental Properties 19:35 - Creating Multi-Unit Properties 21:23 - Rental Market in Guelph 23:01 - Choosing a Realtor 29:43 - Emerging Trends in Appraisals 35:59 - Considerations for Variable Rates 37:14 - Final Thoughts Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Summary In this episode of the True Wealth Podcast, host Seun Adeyemi and guest Chris Bisson discuss the current state of the real estate market and provide insights on making informed decisions. They explore regional variations in the market, including the impact of COVID-19 on prices in cottage country, Windsor, and North Bay. They also discuss the concept of underwater mortgages and the importance of buying low and holding properties for the long term. The conversation covers the types of properties that offer cash flow opportunities, such as small multi-unit residential buildings and student rentals. The episode concludes with a discussion on choosing a realtor and the benefits of variable rates in the current market. Takeaways Chapters 00:00 - Introduction 01:12 - Real Estate Market Fluctuations 03:12 - Regional Impact on Real Estate 04:50 - Real Estate Market in Cottage Country 07:31 - Real Estate Market in Windsor 08:01 - Real Estate Market in North Bay 09:16 - Impact of COVID-19 on Real Estate Prices 10:01 - Underwater Mortgages 12:06 - Real Estate Market in Calgary 13:33 - Types of Properties for Cash Flow 16:42 - Buying Rental Properties 19:35 - Creating Multi-Unit Properties 21:23 - Rental Market in Guelph 23:01 - Choosing a Realtor 29:43 - Emerging Trends in Appraisals 35:59 - Considerations for Variable Rates 37:14 - Final Thoughts Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Summary In this episode, Sharice Walker shares her journey of building passive income through real estate. She initially dreamed of being a stay-at-home mom but had to become the breadwinner for her family. After facing job loss and financial struggles, she turned to real estate investing as a way to create a better future. Sharice started by flipping properties and leveraging other people's money. Despite facing investment losses and trust issues, she persevered and built a successful real estate portfolio. She emphasizes the importance of proper due diligence and finding the right strategies that work for each individual. Sharice offers trainings and webinars to help others achieve financial freedom through real estate. Takeaways Chapters 00:00: Introduction 00:53: Dreams of Being a Stay-at-Home Mom 02:14 Losing Job and Financial Struggles 06:03: Getting Started in Real Estate 07:00: First Flip and Overcoming Challenges 08:22: Investment Losses and Trust Issues 10:30: Getting Back into Real Estate 12:02: Finding Discounted Properties 13:19: Renovating and Flipping Properties 14:46: Strategies for Getting Started in Real Estate 18:18: Different Ways to Invest in Real Estate 23:16: Importance of Proper Due Diligence 25:42: How to Connect with Sharice Walker 26:12: Conclusion Charisse Walker Facebook: https://www.facebook.com/emptynesterinvestor/ Instagram: https://www.instagram.com/emptynesterinvestors/ LinkedIn: https://www.linkedin.com/in/charissewalker/ Twitter: https://twitter.com/7chalker Websites: www.flyfreeretiree.com | www.chalkerproperties.com | https://sotellus.com/r/chalker-properties/ Follow Us FacebookInstagramTwitterTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Summary In this episode, Charisse Walker shares her journey of building passive income through real estate. She initially dreamed of being a stay-at-home mom but had to become the breadwinner for her family. After facing job loss and financial struggles, she turned to real estate investing as a way to create a better future. Sharice started by flipping properties and leveraging other people's money. Despite facing investment losses and trust issues, she persevered and built a successful real estate portfolio. She emphasizes the importance of proper due diligence and finding the right strategies that work for each individual. Sharice offers trainings and webinars to help others achieve financial freedom through real estate. Takeaways Chapters 00:00: Introduction 00:53: Dreams of Being a Stay-at-Home Mom 02:14 Losing Job and Financial Struggles 06:03: Getting Started in Real Estate 07:00: First Flip and Overcoming Challenges 08:22: Investment Losses and Trust Issues 10:30: Getting Back into Real Estate 12:02: Finding Discounted Properties 13:19: Renovating and Flipping Properties 14:46: Strategies for Getting Started in Real Estate 18:18: Different Ways to Invest in Real Estate 23:16: Importance of Proper Due Diligence 25:42: How to Connect with Sharice Walker 26:12: Conclusion Charisse Walker Facebook: https://www.facebook.com/emptynesterinvestor/ Instagram: https://www.instagram.com/emptynesterinvestors/ LinkedIn: https://www.linkedin.com/in/charissewalker/ Twitter: https://twitter.com/7chalker Websites: www.flyfreeretiree.com | www.chalkerproperties.com | https://sotellus.com/r/chalker-properties/ Follow Us FacebookInstagramTwitterTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Dive into the True Wealth Podcast with real estate virtuoso Sai Lee, revealing the game-changing power of leveraging Other People's Money (OPM) for unparalleled success. Lee's inspiring journey from corporate life to trailblazing investor redefines wealth creation. Explore Lee's visionary approach rooted in a profound understanding of OPM, unveiling transformative potential through strategic borrowing, joint ventures, and banking resources. Discover the unconventional path of cultivating local connections and seizing hidden opportunities in targeted neighborhoods. Delve into creating a clear property avatar, focusing on standardized, easily marketable houses for swift turnover and profitability. Lee's emphasis on emerging neighborhoods underscores the importance of strategic location targeting in sustainable wealth creation. Uncover the transformative potential of strategic thinking in real estate investment through Lee's trailblazing success. Join his private Facebook group for exclusive coaching and gain direct access to proven methodologies. Don't miss the blueprint for real estate triumph and financial independence. Featured on the Show: Sai Lee Facebook - https://www.facebook.com/groups/reprofits/ Instagram - https://www.instagram.com/sai_lee_investor/ Email: sai@fliprealestateforprofits.com Website: www.fliprealestateforprofits.com Follow Us TwitterInstagramFacebook Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Dive into the intricate world of real estate appraisals with our latest video! Join us as we distil key insights from a True Wealth podcast episode featuring Chris Bisson of Value Connect, an Appraisal Technology firm that supports both buyers and lenders through the home buying process. What to Expect: Understanding Property Appraisals: Explore the pivotal role of property appraisals in determining fair market value and guiding informed decisions in real estate transactions. Influential Factors: Discover the critical elements shaping appraisal values, including property design, size, maintenance, and presentation. Valuation Approaches: Delve into various methodologies used by appraisers, such as Direct Comparison, Cost, and Income approaches, to estimate a property's true value. Negotiation Strategies: Learn how to leverage appraisals as powerful negotiation tools, empowering buyers to make informed decisions in the complex real estate market. Conclusion: Wrap up with key takeaways from Chris Bisson's expertise, emphasizing the importance of understanding different valuation approaches in navigating the ever-evolving real estate market. Featured on the Show: Chris Bisson · Facebook- /christopherbisson · Linkedin- /christopherbisson · E-mail – chris@valueconnect.ca · Customer Succes Team- info@valueconnect.ca Author: Seun Adeyemi Follow Us TwitterInstagramFacebook Disclaimer: The insights presented are based on the True Wealth podcast episode and are intended for informational purposes. Viewers are encouraged to seek professional guidance from qualified real estate appraisers for personalized advice. Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

In this insightful episode of the True Wealth Podcast, Seun Adeyemi welcomes Aaron Charles, the visionary founder of Golden Triangle Development. The conversation revolves around their shared mission to empower communities through real estate. Aaron reflects on his journey, starting with the innovative Real Estate Assistance Program (REAP), aimed at helping individuals overcome down payment obstacles. As the discussion unfolds, Aaron highlights how the REAP concept evolved into Golden Triangle Development, which is now dedicated to creating sustainable communities in the Greater Toronto Area. Their approach involves a diverse portfolio of residential units, including condos, townhouses, and single-family homes, catering to a wide range of housing needs. Aaron emphasizes their commitment to affordable housing achieved through strategic partnerships with government agencies and organizations, securing subsidies and incentives to make homeownership more accessible. The podcast also features inspiring success stories of clients who started as first-time homebuyers and later became real estate investors, underlining the power of long-term strategies. Aaron's approach to helping first-time buyers includes flexible down payment assistance programs and savings plans, designed to bridge the gap between aspiration and homeownership. The episode concludes by inviting listeners to connect with Aaron Charles and Golden Triangle Development on social media, fostering collaboration and community empowerment through real estate. Aaron's wisdom and innovative solutions serve as a reminder that real estate isn't just about acquiring properties but also about building a better future for communities and individuals alike. Featured on the Show: Aaron Charles Golden Triangle DevelopmentAaronCharles.Gtd Follow Us TwitterInstagramFacebook Support this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Listeners, I want you to get ready for some incredible insights from Natasha Knox. Natasha has a unique background in both finance and psychology and has helped countless individuals and couples navigate their financial challenges with a focus on holistic well-being. You'll gain a deeper understanding of your own relationship with money and learn practical ways to improve your financial well-being. Financial therapy is a specialized form of therapy that combines elements of both financial planning and psychological counselling to address the emotional, behavioural, and relational aspects of an individual's or a couple's relationship with money. It aims to help individuals and families improve their financial well-being by exploring the underlying beliefs, attitudes, and behaviors related to money that may be causing distress or hindering financial progress. Financial therapy can be beneficial for individuals or couples experiencing financial stress, conflicts around money, compulsive spending or saving behaviours’, financial infidelity, feelings of guilt or shame related to money, or difficulty managing finances effectively. It can also be helpful for individuals or families going through major life transitions, such as marriage, divorce, career changes, or retirement, where financial issues may be particularly significant. Here are some key advantages of financial therapy: 1. Improved Financial Management 2.Enhanced Emotional Well-being 3.Increased Self-Awareness 4.Improved Communication and Relationships 5. Improved Communication and Relationships It is important to note that financial therapy is not a substitute for financial planning or professional financial advice. Instead, it complements these services by addressing the emotional and psychological aspects that can impact financial well-being. By integrating the principles of therapy and financial planning, financial therapy offers a holistic approach to help individuals and couples achieve their financial goals while promoting emotional well-being and healthier financial behaviors. Featured on the Show: www.alaphia.ca Follow Us TwitterInstagramFacebookSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Home insurance may help protect your home and its contents in case of theft, loss or damage to the inside and outside of your home or property. It may also help you cover additional living expenses if you're temporarily unable to live in your home. These additional living expenses may include living in a hotel or renting a home. Generally, your home insurance policy covers you and your family members. If you share your home or rent out a part of your home to a friend, relative, or roommate, you must let your insurance company know. Home insurance claims can be rejected due to exclusion clauses, delay in reporting, failure to disclose information or give false information, and insufficient evidence. Shop around, get quotes, and compare policy details, such as coverage and cost. Some policies may be cheaper but may not offer the same level of service or coverage. Before getting insurance, take the time to determine the type and amount of insurance coverage you need. Consider reviewing your insurance needs on a regular basis as they may change over time. Read the policy carefully before signing. Make sure you understand what your policy does and does not cover. Ask your insurance agent or broker about anything you don't understand. Featured on the Show: Kumssa Hassan BIG Insurance Aurora Follow Us TwitterInstagramFacebookYouTubeTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Today we're diving into a fascinating topic that's been making waves in the lending industry: prime mortgage lending and private mortgage lending. Whether you're a homeowner, a potential homebuyer, or simply interested in the world of real estate, this episode will shed light on the key differences and implications of these two types of lending. Prime mortgage lending refers to traditional lending practices offered by banks and other financial institutions. These lenders follow strict underwriting guidelines, ensuring borrowers meet specific criteria, such as a good credit score, stable income, and a low debt-to-income ratio. Prime mortgages are typically associated with lower interest rates, higher prepayment privileges, standard amortizations of 30 years or less, and are considered less risky for lenders due to the rigorous evaluation process. Private mortgage lending, also known as non-prime or alternative lending, offer a different avenue for borrowers who may not qualify for prime mortgages. Private lenders are typically individuals or small companies that are not subject to the same strict regulations as traditional banks. This allows them to consider other factors when evaluating borrowers, such as the property's value, potential rental income, or the borrower's equity. Private mortgage lending can be a lifeline for those with less-than-perfect credit scores, self-employed individuals, or even real estate investors. In conclusion, understanding the differences between prime mortgage lending and private mortgage lending is essential for anyone navigating the world of home financing. Prime mortgages, offered by traditional lenders, follow strict guidelines and are ideal for borrowers with good credit and stable income. Private mortgages, on the other hand, provide an alternative for individuals who may not meet the criteria for prime lending but still need financing for their real estate endeavors. Join us in the upcoming episodes as we bring in experts from the lending industry, share real-life stories, and provide valuable insights to help you make informed decisions about your mortgage needs. Stay tuned to "True Wealth Podcast," where we empower you with the knowledge to navigate the world of real estate investing. Featured on the Show Othneil LitchmoreFacebookTikTok Instagram Follow Us TwitterInstagramFacebookYoutubeTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Welcome to True Wealth Podcast, where we explore the importance of hiring a property manager. Today, we'll uncover why having a skilled property manager is crucial for property owners. From enhancing tenant relations to handling maintenance and legal compliance, they take the burden off your shoulders. Join us as we provide valuable insights and expert tips from industry professionals to help you make informed decisions about property management. A residential property manager is responsible for the day-to-day management of residential properties on behalf of the owner. Their key duties include tenant relations, property maintenance, rent collection, financial management, marketing, legal compliance, and administrative tasks. They handle tenant screening, lease agreements, maintenance requests, rent collection, property inspections, marketing vacant units, ensuring legal compliance, and maintaining accurate records. So, get ready to tap into the wisdom of industry leaders, expand your knowledge, and unlock the potential of your real estate ventures. Stay connected as we bring you engaging conversations that will inspire and empower you on your journey. Featured on the Show: Christine MintonOthneil LitchmoreFacebookTikTok Instagram Follow Us TwitterInstagramFacebookSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Join hosts Seun Adeyemi, a Certified Financial Planner®, and Realtor Othniel Litchmore in this episode of the True Wealth Podcast as they delve into the crucial process of vetting potential tenants for rental properties. Drawing from their expertise in financial planning and real estate, they provide insights on tenant selection, red flag identification, and maintaining a balanced approach to ensure successful property management. Episode Highlights: Key Considerations: The hosts highlight the importance of thorough tenant vetting, stressing its impact on rental property success. Red Flags: Learn how to identify warning signs during the screening process, such as inconsistent income and rental history gaps. Balancing Caution and Fairness: Discover tips on maintaining fairness while avoiding potential legal pitfalls. Using Technology: Explore online tools to verify tenant information and ensure a secure selection process. Building Positive Relationships: The hosts underscore the value of effective communication and fostering a harmonious tenant-landlord dynamic. Tune in for expert advice from Seun Adeyemi and Othniel Litchmore on making informed tenant selection decisions for lasting property success. Featured on the Show Othneil LitchmoreFacebookTikTok Instagram Follow Us TwitterInstagramFacebookYouTubeTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.

Welcome to "True Wealth Podcast”, I'm your host Seun Adeyemi, and today, we delve into a topic that impacts not only seasoned investors but also aspiring ones looking to make their mark in the real estate world. Today, we turn our attention to the far-reaching effects of taxes on real estate investments. Real estate has long been considered one of the most reliable and lucrative investment vehicles, providing individuals with a means to generate passive income, build equity, and create long-term wealth. However, behind the allure of real estate investing lies a complex landscape of tax implications that can significantly impact your bottom line. From Depreciation to Capital Gains and Property Flipping, we explore the impact of taxes on real estate investments, bringing you insights from an Accountant who's passion is to help his clients avoid the costly mistakes many investors make. Together, we'll unravel the mysteries of tax laws, explore ways to optimize your investments and provide you with the tools you need to navigate this intricate landscape. Join us on this captivating journey as we unlock the secrets of tax-efficient real estate investing. Featured on the Show Mohammed from Tax HeroesTwitterE-mail Follow Us TwitterInstagramFacebookYouTubeTikTokSupport this show http://supporter.acast.com/the-dollarsavvy-podcast. Hosted on Acast. See acast.com/privacy for more information.