Category: Mastermind (15)

If you’ve opened social media in the past week, you’ve seen the headlines – “Tiny Toronto House – $1 Million!!” and “Record Falling Rents!”. Increasing asset prices and decreasing rents are not exactly the recipe for success. So, as a sophisticated investor, what can you do to position yourself to WIN in this market?

This month’s guest speaker Jin Kim, long time real estate entrepreneur, is navigating the intersection of these challenges and is using two strategies.

1. A combination of short, medium, and long-term rentals to solve the cash flow problem
2. Investing in real estate in alternative ways – (think, development and private lending)

But wait… isn’t that a lot of extra work?? Enter property management.

Join us as we dive into topics like:
· How cash flow is equal or higher (!!!) after being fully managed
· How the short-term rental market is faring during the pandemic
· General costs to switch from long term rentals to short term rentals
· The risks and downsides of this strategy and how to mitigate them
· How to create flexibility and switch between short and long-term rentals

About Jin Kim

Jin Kim is a real-estate entrepreneur and financial consultant based in Toronto. He specializes in urban transformations and infill developments with emphasis on creating high-value real estate portfolios and cash-flow generation. With more than a decade’s worth of experience in real estate investing and financing – focusing on value chain creation and property development – he provides strategic financial direction to various business partnerships.

In the last 10 years, Jin has amassed a diverse portfolio of rental properties and infill developments in Toronto and surrounding areas. He is deeply passionate about creating personal economic freedom through real estate investing and sharing his knowledge and perspective with others.

His financial and real-estate expertise is bolstered by an impressive background in IT management in the field of architecture and construction management, a degree in Structural Engineering from the University of Waterloo and a fine arts degree from OCADU.

Living in the colourful neighbourhood of Little Portugal with his family, he is proud to call Toronto, home. He strongly believes Toronto is at the very beginning of massive transformations and is excited to be part of its growth.

 

Access the slides and full recording below!

 

 

COVID-19 presents a number of challenges and an air of uncertainty for those of us in the real estate investment sector. During these tense times, it takes a different approach to find investors and source capital
for our ventures.

Some people say: “just find a good deal and the money will find you.”
Does that ring a bell? We’ve all heard it.

Unfortunately, it’s NOT that simple. Especially right now…with such HUGE stock market volatility that have affected so many people (and their retirement savings). In reality, you need to have a bunch of investors who are already in the wings, ready to roll… and THEN find a good deal. …THEN it will work.

So how do you reach out to these investors when you have a good deal? How do you get them to pay attention during all of this COVID Pandemic stuff?

Our guest speaker this month, Dave Dubeau, firmly believes that RIGHT NOW is the perfect time to develop a strong bench of partners and investors who are looking for a good deal.

That way, when that golden opportunity comes around, you can pounce on it immediately…Because you KNOW you have their support and financial backing.

And out of this crisis there WILL be a lot of golden opportunities that will be coming up. The question is, will you be ready and able to take advantage of them? That’s why we’re hosting a special LIVE online presentation all about finding investment partners and sourcing capital in uncertain times with Dave Dubeau (Investor, Author, Trainer,
Investor and Capital Attraction Specialist).

You can access the presentation slides and video here

 

 

Following on the heels of our wildly popular FULL-DAY Quick Start Seminar on Feb 1 where we taught 100+ investors how, why, and where to invest in Toronto, we are finally having our first Meetup of 2020.

We ran out of time on Feb 1 (apparently an 8 hour event just isn’t long enough!). By all accounts, it was because Matt kept speaking for too long. While his tangents might have been interesting (to him, anyway), it meant that we only glazed over the some of materials that you investors told us that you want to learn more about.

The focus of this Meetup will be to uncover the Hidden Gems that we only briefly touched upon that were planned as part of the original presentation. Specifically, in this March Meetup we will discuss in greater detail:
– “Real People, Doing Rea $#}+!” — Continuation of our Expert Panel
– Investment Heat Map showing the best areas to invest in Toronto
– Various business models that Volition investors are employing in 2020
– Luxury Triplex Conversion vs. Turnkey Triplex vs. Condo vs. Preconstruction Condo vs. Small Town
– Pros/Cons of those business models
– Financials of those business models
– How to execute on a Luxury Triplex Conversion
– Actual Case Studies of investment properties
– Journey to $10k/month cashflow (10yr Advisory Model)

Hopefully we fit all of this into 2 hours (otherwise we will have to do a “Quick Start” Part 3!)

REMINDER: IF YOU DID A VIDEO TESTIMONIAL AT THE QUICK START EVENT, YOUR ENTRY TO THIS MEETUP IS FREE!! (please email Janny at janny@volitionprop.com that you will be attending)

You can access the presentation slides and video here

 

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

 

Photos from the event

You can access the presentation slides here

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If you only go to *one* event this year – THIS IS THE ONE! 

If you are new to real estate investing and don’t know how to get started – THIS IS THE EVENT FOR YOU!

If you are a seasoned investor and are looking for ways to take your investing to the next level – THIS IS THE EVENT FOR YOU!

If you have a partner/spouse/family who has reservations about your desire to invest in real estate and is concerned that it’s too risky – THIS IS THE EVENT FOR THEM!

We have jammed years of experience and knowledge into one intense day of learning. We’ve distilled 5 years of Volition meetup content down to the essentials. This course will cover THE BEST AND MOST RELEVANT content with a singular goal in mind – to have the confidence and knowledge to be successful in 2020!

 

You’ll get answers to the MOST PRESSING QUESTIONS from investors, including:

     – When is the best time to buy?
     – Where is the best place to buy?
     – How can I quit my full-time job?
     – What if there is a downturn?
     – What fundamentals underpin a real estate market for long term sustainable growth?
     – What are the relevant factors that I should consider when investing in an area?
     – What kind of ROI can I expect?
     – How does my real estate help me retire?
     – What is the difference between Cheap vs Value Investing?

 

What this IS:

     – A comprehensive course containing EVERYTHING you need to know to get started with your investing in 2020
     – Covering various real estate investment business models that work in Toronto, being used in 2020 by Volition investors
     – An opportunity for you to speak & network with successful investors that were in your shoes who took massive action, as well as other aspiring investors who are in the same level/boat as you.
     – Learn real estate theory & fundamentals, but more importantly, how to APPLY them to the Toronto market to understand if Toronto is a market worth investing in.

 

What this IS NOT:

     – A “get rich quick” scheme
     – 
How to flip houses for a quick buck
     – Trying to convince you that wholesaling is easy, and that anyone can do it.
     – Endorsing $0 money down investment schemes or any other hairbrained “strategies”
     – A theory-only seminar that only gives you high-level information about investing, but doesn’t make it relevant for you and the Toronto market
     – Trying to repurpose US-based content or strategies specific to other provinces / small towns for Toronto.
     – Trying to convince you that this is going to be an easy journey.

 

You’ll leave the session with a repeatable, risk-mitigated blueprint teaching you how to invest in real estate the right way. You’ll learn how real estate makes money, how to properly analyze properties, understand the cashflow myth, how to mitigate risk, and much more!

Come learn from the Volition team, Toronto’s real estate investment experts. We personally hold a $25MM portfolio with over 50 doors doors. We have grown our per folio and net worth using these information and strategies and we are here to help you do the same.

NOTE: this event is not for us, it’s FOR YOU.  If there are burning questions you have that you would lIke addressed during the event, please email them to info@volitionprop.com and we will do our best to incorporate them into the presentation.

 

Date And Time
Saturday, February 1, 2020
9:00 AM – 5:00 PM EST

Location
Ryerson University
245 Church Street
Toronto, ON M5B 1Z4

 

Attendance is limited to ensure quality and tickets are going fast!

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Volition Propertiesis an award-winning Toronto boutique real estate investment firm. We provide real estate education, help clients buy investment properties, renovate and build income properties, and have sophisticated property management. We have helped clients invest over $175MM in real estate in the Toronto area – we can guide you too!

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.

Contact us today for any questions about investing in real estate in Toronto! info@volitionprop.com

 

Joint Ventures are the solution to every real estate problem, am I right? Have no money to invest – find a JV partner! Have too many properties and can’t qualify anymore – find a JV partner! Want to invest from your couch, never lift a finger and get great returns? JV, JV, JV!! Well, not so fast. As our members know, we like to paint the whole investing picture – the good, the bad and the ugly – and joint ventures are no exception. Come join us on October 16th, at Creeds Coffee Bar to hear from Erwin Szeto a master at JV’s. We’ll be covering not only the basics on Joint Ventures, but the rarely discussed downside risks. You’ll come away with a complete understanding of what you’re getting into when deciding on your next Joint Venture.

Erwin Szeto is a wealth hacker and runs an award winning business called iWIN Real Estate and is also the host of the Wealth Hacker Conference featuring Grant Cardone. Erwin and wife’s charity the Hamilton Basket Brigade has provided holiday meals to thousands of people in Hamilton and now focus on providing warm clothing and gifts to the most impoverished children in Hamilton. His podcast The Truth About Real Estate Investing is the top Canadian real estate podcast and he’s also been named a top 20 influencer in Canadian Real Estate.

You don’t want to miss this opportunity to learn about Joint Ventures from our expert speaker Erwin Szeto!

You can access the Meetup slides and video here

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

The secret world of construction financing! Learn how to get the bank to pay for your next project!

You’ve seen our seminars on laneway housing, renovations, flipping and you want to get started. Who wouldn’t be interested in unlocking the potential of a home through construction? Maybe you’re creating a secondary suite, running a BRRR investment strategy (buy, renovate, rent, refinance), or building a green laneway suite? But there is one major problem standing in your way – money. How the heck are you going to pay for all this?

Fear not fellow investor – we’ve got some help on the way! Hugo, Partner at VINE Group, is coming in to talk specifically about the nebulous world of construction financing. He’ll walk through strategies and case studies on how to get your construction project financed!

Hugo Dos Reis is a Partner and Mortgage Agent at VINE Group; the #1 team at Mortgage Alliance Canada in 2017 and 2018. Hugo has been in the finance industry for over ten years, cutting his teeth at some of Canada’s largest banks on Bay Street in Toronto. During his time at the bank, he was frequently recognized as a top performer and for the past two years, was named one of the Top 1% of Mortgage Agents in the country.

Hugo and his team lead the way with investment financing solutions for clients across Canada and provide financing education presentations to thousands of investors on a regular basis through seminars and workshops.

His signature client-focused approach, value-added advice, and background in financial planning is what has helped Hugo with his success year over year. Hugo’s personal philosophy is to “take care of your clients and they will take care of you”.

You don’t want to miss this opportunity to learn about construction financing in Toronto!

You can access the Meetup slides and video here

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

Laneway housing has revolutionized cities like Vancouver and it’s here, now in Toronto. If you’re not familiar with laneway housing, the concept allows the use of the many laneways, which are typically used to access garages and other spaces, and allows for housing development along the laneway. Laneway housing is important to Toronto as it allows for both gentle densification and meets the requirements of the Official Plan.

Savvy developers and seasoned investors are already starting to take advantage of laneway opportunities. Learn how to invest strategically and plan for this massive change to the Toronto housing landscape!

We have an expert in the industry, Daniel Hall, coming to teach us all the critical elements of laneway housing. During this meetup we’ll answer questions like:
– How do I avoid development fees – I heard the can cost upwards of $30k?
– How can I avoid going to the Committee of Adjustments, adding months to my planning process?
– What’s the fastest way to build a laneway house? Are there spec builds out there?
– How can I identify a potential laneway property? What are the zoning rules?
– I heard that you need to be near a fire hydrant, is that true?
– What’s the best way to get services like water, sewage, and electricity to my laneway house?
– What are the parking requirements for a laneway suite?

You don’t want to miss this opportunity to learn about laneway housing in Toronto!

You can access the Meetup slides and video here


Daniel Hall, O.A.A. is the founding principal of The Architect Builders Collaborative Inc, a progressive Architecture and Design studio focussed on delivering great green design. As a licensed carpenter, with the perspective of over 15 years hands-on experience building in addition to 20+ years of exploring architecture, Daniel ensures that our designs will be able to be built efficiently and cost- effectively. Most recently, the firm has been developing smart, eco-friendly prototypes for cost-effective Laneway Suites in Toronto. Daniel was invited to present research and designs to an audience of professional planners, architects, and urban designers as part of the inaugural Spacing School of Urbanism seminar series. He regularly provides informational seminars on the ins-and-outs of Laneway Housing.

You can access the guest speaker’s slides here 

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

When people think about development, they think of it as something reserved for rich, well-connected people. They envision high-rise condos, large commercial projects, or huge sub-divisions. This isn’t reality. Development can be as simple as splitting a large lot or building purpose rental homes. Most importantly, development is something the average person can work towards!

What is reality is that development isn’t easy to learn – there are no courses, no books and certainly no seminars on development. The only way to learn is from someone else and most people don’t know someone who is a developer within their network – but we’re well connected at Volition!

On July 17th, come listen to Jin Kim, founding partner of Golden Triangle Development and learn about his journey from a regular IT guy to building a subdivision of townhouses. Learn about his use of creative financing strategies and entrepreneurial grit to go from a regular 9-5 job to running a development and renovation company!

You don’t want to miss this rare opportunity to get a glimpse into the world of real estate development!

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Jin Kim is a real-estate expert and financial consultant based out of Toronto. He is the founding partner of Golden Triangle Development, where they specialize in urban transformation and infill property development. Jin has more than a decade’s worth of experience in real estate investing and mortgage funding for clients. Prior to founding Golden Triangle Development, Jin amassed a diverse portfolio of rental properties in Toronto, Chatham, and Hamilton.

Jin has a Bachelor’s degree in Structural Engineering from the University of Waterloo, a fine arts degree from OCADU specializing in sculpture, and over 10 years of professional experience in architectural IT management. Jin lives in the Little Portugal neighborhood with his wife, Celine, and daughters, Eloise, and Eden.

You can access the Meetup slides here 

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

Have you always wondered how the world of executive rentals work? How are some investors able to get $3000, $4000 sometimes upwards of $5000 in rents on their condos? Join us to hear Rick Aubry speak! Rick is the Managing Partner at Premiere Suites and will be teaching us all about the world of executive rentals!

For most unsophisticated consumer-level investors, cashflow negative between $200-$400 is a reality when buying a regular investment condo. As sophisticated investors, this isn’t good enough for us. We are supposed to be sophisticated, so let’s act like it!! By thinking creatively and strategically, we can potentially offset or circumvent this negative cashflow. Executive rentals may be the solution: it may be the rental strategy that we employ in order to support your acquisition strategy, allowing you to continue to invest.

More importantly, learn how this can potentially creates a new opportunity for making condos work again… opening the door to investing in Toronto with lower amounts of investable capital. While we still believe in triplexes in downtown Toronto, not everyone has $300-750k of capital available to be able to buy/create a luxurious cashflowing triplex. But perhaps you have $150-200k of capital available? Wouldn’t it be great to also be able to cashflow positive with lower amounts of capital… WITHOUT having to go outside Toronto to the smaller, more risky towns just because it is “cheaper”? While at the same time, rest assured knowing that your property is being occupied by an corporate executive level individual who treat the property like their own?

 

You can access the Meetup slides and the Meetup video here 

 

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Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

 

 

The very first book I read that started me on the path to become a real estate investor, was Rich Dad, Poor Dad. In that book, Robert Kiyosaki uses an analogy on how wealth is built.

Think about wealth as water and your finances are a bucket holding that water. Most people have one tap filling that bucket – their job. But they’ve got lots of holes in that bucket – bills, car payments, their mortgage, and **TAXES**. To build wealth, you’ve got to turn on as many taps as possible and close as many holes in your bucket as possible.

Improper tax planning can be one of the largest drains on your real estate investments, so join us on March 20th and lean how to pay less tax! We’ll be covering topics like:

Corporations – When should I incorporate? Should I buy in a corporation? Taxes on corporations? Active vs passive income? Business corps – using profits to invest?
Estate Planning – How do I pass my assets down to the next generation?
Taxation Best Practices – What is building depreciation and why is it important? What is eligible for interest deductibility? How do I deduct the interest of my HELOC?

It’s essential to understand these things even if you only have one property. If you’ve already accumulated a few properties, it’s even more important to correct any mistakes you’ve made. Bad planning can completely kill some investment business cases, home flipping for example, so come learn how to do things right with one of the best in the industry!

Peter is a Real Estate Investment focused accountant and well known in the investment world. He regularly presents in front of hundreds of people at REIN meetings and is making the trip from Kitchener to speak to our group. His accounting firm provides strategic accounting and taxation services to grow your business and and protect your real estate investments. His partner George Dube literally wrote the book “Tax, Accounting, and Legal Strategies for the Canadian Real Estate Investor”.

Their services include:
> Assurance Services
> Business Advisory
> Real Estate Tax Planning and Structure
> Retirement & Estate Planning
> Tax Consulting
> Business Tax Compliance
> Personal Tax
> US and International Tax Services

To ensure that we are covering topics that are relevant to YOU, email your questions or scenarios to ming@volitionprop.com and we will “incorporate” them into the presentation… 😉

 

You can access the Meetup slides and the Meetup video here 


Volition Properties

Volition Properties is an award-winning Toronto boutique real estate investment firm that provides advisory and turnkey real estate investment services. Its mandate is to help real estate investors sustainably invest to build wealth in the Toronto real estate market by investing in low-risk, freehold, cash-flowing income properties over longer-term real estate cycles.

[Volition (vō-ˈli-shən): The power to make your own choices or decisions; free will. Living life by design, not by default.]

Contact us today for any questions about investing in real estate in Toronto! ming@volitionprop.com

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