Newsfeed | The REITE Club - The Real Estate Investment and Education Club

NEW PODCAST EPISODE - A Day In The Life of a Real Estate Investor & Realtor

Investing in real estate can have its ups and downs and take it from someone who has invested in real estate for well over 30 years. People may even wonder if they should become a realtor, as well as, a real estate investor. So, this week's guest, Michael Domenichetti, Real Estate Investor & Realtor, provides insights and advice on investing in real estate and what a day in the life of a realtor really looks like. The biggest takeaway is to keep things simple and not over complicate them because you will just end up getting overwhelmed. In this episode you will learn about: - Key fundamentals of good vs. bad deals - When is the lowest vs. the highest average price points for homes during the year - Key benefits and challenges for new investors - Main items in a home that will get you the greatest returns - The importance of having a target purchaser - Advantages & disadvantages of being a realtor - Key stats to look for on a first purchase or a long term purchase

Listen to our podcasts here

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I keep hearing experienced investors say, "Know your WHY". My WHY is a fear of having to live under an overpass. I am exagerating of course. I look at my retired friends and family and how they struggle financially. They aren't happy. They have to settle on where to live instead of being able to choose where they want to live. I took a look in the proverbial mirror and saw my retirement years fast approaching. Compared that to my financial situation. It's not good. My grandfather owned many properties in Ottawa. But I was 11 when he passed away and it was all sold. So I he couldn't mentor me. But I did learn something. He built wealth through real estate and never invested in RRSPs. Although he bought city certificates when that was a thing that paid well. I have the chance to teach myself and my two sons what my grandfather knew. My wife and I will be able to live where we choose and our sons will continue growing the portfolio and live a life that I failed to notice I could have. Then pass that on to their children and so on. Hopefully. My first step? We are starting with passive investing in a land development deal. This deal takes us three years out. I will have about 5 years to retirement after that. So the investment curve needs to be exponential. Even with the dips. Well. That's us in a nutshell. We look forward to meeting more like-minded people and hope to reach our goals together. All the best Ken

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NEW PODCAST EPISODE - A Day In The Life of a Real Estate Investor & Realtor

Investing in real estate can have its ups and downs and take it from someone who has invested in real estate for well over 30 years. People may even wonder if they should become a realtor, as well as, a real estate investor. So, this week's guest, Michael Domenichetti, Real Estate Investor & Realtor, provides insights and advice on investing in real estate and what a day in the life of a realtor really looks like. The biggest takeaway is to keep things simple and not over complicate them because you will just end up getting overwhelmed. In this episode you will learn about: - Key fundamentals of good vs. bad deals - When is the lowest vs. the highest average price points for homes during the year - Key benefits and challenges for new investors - Main items in a home that will get you the greatest returns - The importance of having a target purchaser - Advantages & disadvantages of being a realtor - Key stats to look for on a first purchase or a long term purchase

Listen to all our podcasts here

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NEW PODCAST EPISODE HAS DROPPED - Understanding JV Agreements From A Legal Perspective - with Ryan Carson, Lawyer and Real Estate Investor There are so many things to consider when negotiating a JV agreement such as what to include in a JV agreement, how do you protect yourself, and how do you terminate the agreement if things don't work out?

Listen to our podcasts here.

  • Laurel
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The latest podcast has landed - learn all about property management and investing in New Brunswick with Jeff Murray (also a regular guest expert on our Coast to Coast sections in the Sustain & Build Series - search in the videos for Jeff there too).

Listen to our podcasts here.

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I am interested to know WHERE YOU LIVE; Please reply below; IN ALL CAPS; the City/Town you currelty reside in I'll start: HAMILTON, ONTARIO

Would love to connect with any REITE club members located in British Columbia! Send me a message!
Addicted to the podcasts, loving all the great info.
Looking for the insurance company that takes student rental property.

Excited to be a part of this community! we are Vee and Nicole, we are new in the RI investing world and we've just purchase our first investment. A beautiful 5 plex. we are both looking forward to meeting each and everyone of you.

Super excited to be part of this community!

NEW PODCAST EPISODE DROPPED TODAY - Great branding and marketing strategies are the most important aspects of starting a business. In addition, your "why" is the most important aspect of your business. In fact, it can actually make or break your business. This week's guest, Bruce Outridge, Author, Speaker, Podcaster, and Television Host, provides insights and advice on marketing strategies, content creation and podcasting.

Listen to our podcasts here.

Hey everyone! Where are the Ottawa investors? I'd love to connect.

About to fill a basement apartment post-reno and after leaving it vacant for the last few months. Looking forward to finally squashing that negative cash flow every month!

Helping You Reach Your Goals & Solutions

This week's guest Mark Frentz, Real Estate Investor & Executive Coach helps business people find their passion, tap into their confidence & make money doing what they love. In this episode you will learn about: - Common things people can't get past - Solutions to the fear of sales - Tips on networking virtually - Strategies for attracting JV partners - Tips for practicing patience - Action items for planning

Listen to our podcasts here.

When choosing to invest in real estate, I find you have two choices: you choose a strategy and then a market that will fit the bill or you choose a market and find a strategy for that market.

Wondering why your insurance has been increasing? Watch Dan Tetzlaff's give us some key insights and information AND what you might be able to do about it.

Watch our videos here.

Hi everyone! Great re-post by Tony Miller about Ottawa's new landlord bylaw: In November 2019, Ottawa city council voted against landlord licensing, and opted instead for a new rental housing property management bylaw. The new bylaw will come into effect on 31 August 2021 which gives landlords time to prepare. The city will be providing templates and forms for landlords to use. These should be ready in spring 2021. Overall, property managers and landlords will need to be organized, update existing systems and processes or create them, and keep track of all correspondence if they aren't already. The new bylaw can be broken into 4 categories: 1) Tenant Service Requests (TSR): Landlords will need to reply to urgent TSR's within 24 hours and to day to day issues within 7 days. Landlords will be expected to start working on the TSR's within those time-frames but apparently will not be expected to have completed the work. Landlords will also be required to keep track of TSR's as well as how and when they are resolved. 2) Capital Maintenance Plan: "For buildings of 10 or more units, or 3 or more floors (with more than one unit), the landlord will be required to inspect the building at least once a year, record the date of the inspection, describe the condition of 8 to 10 key building elements, and note when the landlord plans to remedy each significant deficiency." - From EOLO. 3) Pest Management: Landlords will need to implement an Integrated Pest Management (IPM). The city should be providing a template. The good news here is that tenants will be required to notify landlords about any type of pest problem, keep units clean, and follow pest treatment directions. Tenants can be fined for not adhering to these rules. 4) Information for Tenants: Landlords will be required to provide tenants with parking info, garbage info, when to call 311 info, fire safety info, contact info, and of course the good old Ontario Human Rights Code. Other Stuff: a) Failure to comply with the bylaw can result in a minimum fine of $500 and up to a maximum of $100,000. b) When bylaw asks for copies of your IPM plan or tenant information package, you will have to provide it. Also, Bylaw will be authorized to enter on any land at any reasonable time for the purposes of conducting an inspection of any portion of the property that is not actually being used as a dwelling unit.

Who enjoyed the private lending panel tonight?
Who knows what percentage of Canadians of their home?
Whos the best rent to own expert/ guru in the Ottawa area?

Trying to cope as a landlord during the crisis? - Secrets To Being A Great Landlord During A Crisis with Kayla Andrade

In this episode you will learn about: - What does a payment plan look like? - New bills and updates on government programs - Next steps/call to action for landlords - Getting into property management - Market insights and updates - Steps to take when getting a new portfolio

Listen to our podcasts here.

Check out the replay of our first LIVE!

Join the founders of The REITE club as they have a round-table discussion about all things real estate over the last 6 months, what's coming up and introducing REITE Club Nation to The REITE Partners. Topics discussed include

- The HOT real estate market

- What is happening in the different real estate investing strategies including BRRRR, Rent to Own, Student Rentals, Basement Conversions and more

View our videos here.

Ryan Carson, Investor & Lawyer & Adam Batstone, CIM, Private Equity Investor & Finance Executive discuss the in's, out's and legalities of the private equity market and investments.

Listen to all our podcasts here.

Guest: Ronald De Coteau, Real Estate Investor

Secondary suite conversions are a very lucrative strategy and you can make a lot of money doing it however if they are not done properly, they can cost you just as much. This week's guest, Ronald De Coteau, has done 100-150 secondary suite designs for clients in the GTA area. He describes himself as the gatekeeper of this strategy and provides insights and advice on converting single-family dwellings into secondary suites.

Listen to all our podcasts here.

Looking for a good paving company in Ottawa... any recommendations?

Understanding Different Wealth Solutions Through Insurance is the subject of the latest REITE Club podcast with Ara Movsessian a High Net Worth Advisor

Listen to all our podcasts here.

"Get excited about the windshield, not the rearview mirror!" - this sage advice and much more was all wrapped up in last nights Mind Estate webinar with Harry James. The full replay is now up in the video section.

Watch our videos here

Just kinda lost and shocked at the moment. How do you get back up after being knocked down so many times?

Are you good at too many things? Have you gained a reputation as the "go-to" person? Do you get stuck doing things you're rather not be doing? You may have the curse of capability.

Looking for a good appraiser in the Ottawa area... any suggestions?
Looking for a new property or properties that cash flow! Looks like I'm buying in New Brunswick again. Who else invests in NB?
I just closed on two deals... very exciting but now the real work begins... finding the right tenants, renovations, stabilizing the properties, etc.
Looking for a real estate agent with investing experience in Barrie, ON.

Investing in multi-family properties can have added advantages and benefits versus other real estate investing options. With over 100 properties, this week's guest, Mark Gonneau, Real Estate Investor, provides unique insights and advice on investing in commercial deals.

Listen to our podcasts here.

I just joined the REITE Club today. I heard about this club through the podcast and thoguht it would be a great resource for networking, learning, and building knowledge from other great REI's. I am located in Kelowna Bristish Columbia and have a passion for real estate. I lived and worked in the US for a year for Redfin Corp and fell in love with the market and industry as a whole then. I am beginner investor and starting my journey with the strategy of Buy and Hold and hopefully moving into JV's for BRRR or other avenues. I have signed up for the upcoming event September 30th so I am looking forward to that!
Does anyone have a good contact that can install NEST or ECOBEE Thermostats?
Who attended last night's virtual event? The topics covered were amazing! What a great guest lineup.
Happy Canada day everyone
Want to learn more about financing your real estate deals? Curious to learn how to minimize the downpayment required on your next real estate investment? --> Check out this video: https://www.youtube.com/watch?v=7ezmwKcG8xI
Will a pause in open houses slow Ontario's raging real estate market?

NEW PODCAST EPISODE HAS DROPPED - Helping You Reach Your Goals & Finding Solutions This week's guest Mark Frentz, Real Estate Investor & Executive Coach helps business people find their passion, tap into their confidence & make money doing what they love. In this episode you will learn about: - Common things people can't get past - Solutions to the fear of sales - Tips on networking virtually - Strategies for attracting JV partners - Tips for practicing patience - Action items for planning

Find all our podcasts here.

Question; Who has PURCHASED / SOLD / RENTED an Income Property in the PAST 30 days? and WHERE?
What is one thing you do everyday that helps you feel more accomplished?

Does anyone feel that short term cottage rentals are going to become much more valuable during and after COVID?

Closing my second investment property in a week. And, looking for the thrid one. Big plans ahead. Excited!

Trying to cope as a landlord during the crisis?

Secrets To Being A Great Landlord During A Crisis with Kayla Andrade

In this episode you will learn about: - What does a payment plan look like? - New bills and updates on government programs - Next steps/call to action for landlords - Getting into property management - Market insights and updates - Steps to take when getting a new portfolio

Listen to all our podcasts here.

Welcome to our online community!
Have you seen my recent video with Fraser Nybo discussing Frasers first apartment building? 16 Unit building in Saskatchewan. https://www.youtube.com/watch?v=9zNu72If0h4 What questions or subjects should Fraser and I cover in future videos about investing in apartment buildings?
Looking forward to connect with The REITE Club Nation through our Online Community

NEW PODCAST EPISODE - A Day In The Life of a Real Estate Investor & Realtor Listen now - 

Investing in real estate can have its ups and downs and take it from someone who has invested in real estate for well over 30 years. People may even wonder if they should become a realtor, as well as, a real estate investor. So, this week's guest, Michael Domenichetti, Real Estate Investor & Realtor, provides insights and advice on investing in real estate and what a day in the life of a realtor really looks like. The biggest takeaway is to keep things simple and not over complicate them because you will just end up getting overwhelmed. In this episode you will learn about: - Key fundamentals of good vs. bad deals - When is the lowest vs. the highest average price points for homes during the year - Key benefits and challenges for new investors - Main items in a home that will get you the greatest returns - The importance of having a target purchaser - Advantages & disadvantages of being a realtor - Key stats to look for on a first purchase or a long term purchase

Listen to our podcasts here.

I keep hearing experienced investors say, "Know your WHY". My WHY is a fear of having to live under an overpass. I am exagerating of course. I look at my retired friends and family and how they struggle financially. They aren't happy. They have to settle on where to live instead of being able to choose where they want to live. I took a look in the proverbial mirror and saw my retirement years fast approaching. Compared that to my financial situation. It's not good. My grandfather owned many properties in Ottawa. But I was 11 when he passed away and it was all sold. So I he couldn't mentor me. But I did learn something. He built wealth through real estate and never invested in RRSPs. Although he bought city certificates when that was a thing that paid well. I have the chance to teach myself and my two sons what my grandfather knew. My wife and I will be able to live where we choose and our sons will continue growing the portfolio and live a life that I failed to notice I could have. Then pass that on to their children and so on. Hopefully. My first step? We are starting with passive investing in a land development deal. This deal takes us three years out. I will have about 5 years to retirement after that. So the investment curve needs to be exponential. Even with the dips. Well. That's us in a nutshell. We look forward to meeting more like-minded people and hope to reach our goals together. All the best Ken

NEW PODCAST EPISODE - A Day In The Life of a Real Estate Investor & Realtor

Investing in real estate can have its ups and downs and take it from someone who has invested in real estate for well over 30 years. People may even wonder if they should become a realtor, as well as, a real estate investor. So, this week's guest, Michael Domenichetti, Real Estate Investor & Realtor, provides insights and advice on investing in real estate and what a day in the life of a realtor really looks like. The biggest takeaway is to keep things simple and not over complicate them because you will just end up getting overwhelmed. In this episode you will learn about: - Key fundamentals of good vs. bad deals - When is the lowest vs. the highest average price points for homes during the year - Key benefits and challenges for new investors - Main items in a home that will get you the greatest returns - The importance of having a target purchaser - Advantages & disadvantages of being a realtor - Key stats to look for on a first purchase or a long term purchase

Listen to our podcasts here.

Understanding JV Agreements From A Legal Perspective - with Ryan Carson, Lawyer and Real Estate Investor

There are so many things to consider when negotiating a JV agreement such as what to include in a JV agreement, how do you protect yourself, and how do you terminate the agreement if things don't work out?

Listen to our podcasts here.

Learn all about property management and investing in New Brunswick with Jeff Murray (also a regular guest expert on our Coast to Coast sections in the Sustain & Build Series - search in the videos for Jeff there too).

Listen to our podcasts here.

Addicted to the podcasts, loving all the great info.

Excited to be a part of this community! we are Vee and Nicole, we are new in the RI investing world and we've just purchase our first investment. A beautiful 5 plex. we are bot looking forward to meeting each and everyone of you.

Great branding and marketing strategies are the most important aspects of starting a business. In addition, your "why" is the most important aspect of your business. In fact, it can actually make or break your business. This week's guest, Bruce Outridge, Author, Speaker, Podcaster, and Television Host, provides insights and advice on marketing strategies, content creation and podcasting.

Listen to our podcasts here.

Hey everyone! Where are the Ottawa investors? I'd love to connect.
What are you doing regarding increasing rents now or this year - join the discussion in this forum post - http://thereiteclub.com/forums/5/topics/4554153469436153-should-landlords-increase-rent-during-covid
About to fill a basement apartment post-reno and after leaving it vacant for the last few months. Looking forward to finally squashing that negative cash flow every month!
NEW PODCAST EPISODE HAS DROPPED - Helping You Reach Your Goals & Finding Solutions This week's guest Mark Frentz, Real Estate Investor & Executive Coach helps business people find their passion, tap into their confidence & make money doing what they love. In this episode you will learn about: - Common things people can't get past - Solutions to the fear of sales - Tips on networking virtually - Strategies for attracting JV partners - Tips for practicing patience - Action items for planning Take a listen now - http://thereiteclub.com/podcast/episode/2323044441095652-helping-you-reach-your-goals-finding-solutions

When choosing to invest in real estate, I find you have two choices: you choose a strategy and then a market that will fit the bill or you choose a market and find a strategy for that market.

NEW BLOG POST - Debt Financing v Equity Financing - For companies or entrepreneurs, there are two primary ways to acquire financial capital: debt financing and equity financing. Both hold distinct advantages and disadvantages, which are discussed below to help you discern which option is better. Read the full article http://thereiteclub.com/blog/5197085350897111-debt-financing-vs-equity-financing
Wondering why your insurance has been increasing? Watch Dan Tetzlaff's discussion from last week's webinar for some key insights and information ANF what you might be able to do about it. http://thereiteclub.com/videos/watch?v=5clrb6tif50u
Hi everyone! Great re-post by Tony Miller about Ottawa's new landlord bylaw: In November 2019, Ottawa city council voted against landlord licensing, and opted instead for a new rental housing property management bylaw. The new bylaw will come into effect on 31 August 2021 which gives landlords time to prepare. The city will be providing templates and forms for landlords to use. These should be ready in spring 2021. Overall, property managers and landlords will need to be organized, update existing systems and processes or create them, and keep track of all correspondence if they aren't already. The new bylaw can be broken into 4 categories: 1) Tenant Service Requests (TSR): Landlords will need to reply to urgent TSR's within 24 hours and to day to day issues within 7 days. Landlords will be expected to start working on the TSR's within those time-frames but apparently will not be expected to have completed the work. Landlords will also be required to keep track of TSR's as well as how and when they are resolved. 2) Capital Maintenance Plan: "For buildings of 10 or more units, or 3 or more floors (with more than one unit), the landlord will be required to inspect the building at least once a year, record the date of the inspection, describe the condition of 8 to 10 key building elements, and note when the landlord plans to remedy each significant deficiency." - From EOLO. 3) Pest Management: Landlords will need to implement an Integrated Pest Management (IPM). The city should be providing a template. The good news here is that tenants will be required to notify landlords about any type of pest problem, keep units clean, and follow pest treatment directions. Tenants can be fined for not adhering to these rules. 4) Information for Tenants: Landlords will be required to provide tenants with parking info, garbage info, when to call 311 info, fire safety info, contact info, and of course the good old Ontario Human Rights Code. Other Stuff: a) Failure to comply with the bylaw can result in a minimum fine of $500 and up to a maximum of $100,000. b) When bylaw asks for copies of your IPM plan or tenant information package, you will have to provide it. Also, Bylaw will be authorized to enter on any land at any reasonable time for the purposes of conducting an inspection of any portion of the property that is not actually being used as a dwelling unit.

Hi everyone, I'm just trying to see if there are group members that are in Durham Region.....or even Toronto??

Trying to cope as a landlord during the crisis? - Secrets To Being A Great Landlord During A Crisis with Kayla Andrade

In this episode you will learn about: - What does a payment plan look like? - New bills and updates on government programs - Next steps/call to action for landlords - Getting into property management - Market insights and updates - Steps to take when getting a new portfolio

Listen to our podcasts here.

NEW PODCAST EPISODE DROPS TODAY - Ryan Carson, Investor & Lawyer & Adam Batstone, CIM, Private Equity Investor & Finance Executive discuss the in's, out's and legalities of the private equity market and investments

Listen to our podcasts here.

Understanding The Intricacies of Secondary Suite Conversions

Guest: Ronald De Coteau, Real Estate Investor

Secondary suite conversions are a very lucrative strategy and you can make a lot of money doing it however if they are not done properly, they can cost you just as much. Ronald De Coteau, has done 100-150 secondary suite designs for clients in the GTA area. He describes himself as the gatekeeper of this strategy and provides insights and advice on converting single-family dwellings into secondary suites.

Listen to our podcasts here.

Understanding Different Wealth Solutions Through Insurance is the subject of the latest REITE Club podcast with Ara Movsessian a High Net Worth Advisor.

Listen to our podcasts here.

Looking for a good appraiser in the Ottawa area... any suggestions?

Newbie over here! We often hear from the experienced REIs about why their strategy is great, but I don't hear enough about the cons of each strategy though. It can't be all rainbows. I know there is no right or wrong strategy, and that what works for one may not be a good fit for another, and that they all have some challenges. However, it helps to know what challenges each strategy might present so a newbie can make a more educated decion on what may work best FOR THEM after weighing out all options. This leads to my Question.... What are the some of pros AND CONS of the various REI strategies? (e.g. BRRR v.s. Flip v.s. Buy & Hold v.s. Rent to Own etc). Do you know of any reources that go into a detailed comparison about all this? Thanks!

Looking for a new property or properties that cash flow! Looks like I'm buying in New Brunswick again. Who else invests in NB?

I just closed on two deals... very exciting but now the real work begins... finding the right tenants, renovations, stabilizing the properties, etc.

LATEST PODCAST EPISODE IS NOW LIVE! - Investing in multi-family properties can have added advantages and benefits versus other real estate investing options. With over 100 properties, this week's guest, Mark Gonneau, Real Estate Investor, provides unique insights and advice on investing in commercial deals.

Listen to our podcasts here.

As people are expecting to work more from home for the foreseeable future, there is a lot of demand for rentals in the 905. We ran the stats for July 2020: Hamilton: Average 1 Bedroom rent: $1350. down 2.2% month over month. Up 9.8% year over year. Average 2 bedroom rent: $1620. No change month over month. Up 8% year over year. St. Catharines: Average 1 bedroom rent: $1250. No change month over month. Up 5% year over year. Average 2 bedroom rent: $1430. Down 1.4% month over month. Down 4.7% year over year. The Toronto: Average 1 bedroom: $2,100. No change month over month. Down 8.7% year over year. Average 2 bedroom: $2,640. Down 1.9% month over month. Down 7% year over year.

I just joined the REITE Club today. I heard about this club through the podcast and thoguht it would be a great resource for networking, learning, and building knowledge from other great REI's. I am located in Kelowna Bristish Columbia and have a passion for real estate. I lived and worked in the US for a year for Redfin Corp and fell in love with the market and industry as a whole then. I am beginner investor and starting my journey with the strategy of Buy and Hold and hopefully moving into JV's for BRRR or other avenues. I have signed up for the upcoming event September 30th so I am looking forward to that!

Listen to Helping You Reach Your Goals & Finding Solutions with this week's guest Mark Frentz, Real Estate Investor & Executive Coach.

Mark helps business people find their passion, tap into their confidence & make money doing what they love. In this episode you will learn about: - Common things people can't get past - Solutions to the fear of sales - Tips on networking virtually - Strategies for attracting JV partners - Tips for practicing patience - Action items for planning Take

Listen to our podcasts here.

Enjoying June!

What Realtors, Buyers and Sellers need to know about Vacant Possession. Always a hot topic :) Thank you to Andrew Robertson, Broker of Record at KW Complete for his RECO compliant expereince shared here. https://www.completepropertiesinc.com/post/what-realtors-buyers-and-sellers-need-to-know-about-vacant-possession

Does anyone feel that short term cottage rentals are going to become much more valuable during and after COVID?

Trying to cope as a landlord during the crisis? Listen to Secrets To Being A Great Landlord During A Crisis with Kayla Andrade

In this episode you will learn about: - What does a payment plan look like? - New bills and updates on Ontario government programs - Next steps/call to action for landlords - Getting into property management - Market insights and updates - Steps to take when getting a new portfolio

Listen to our podcasts here.

Multi-family Virtual Workshop - Financing & Acquisition