The Real Estate Investor’s Club brings you a podcast about all things Real Estate. We believe that knowledge is power, and that you can leverage intellectual capital for financial success.
Episodes
Wednesday May 24, 2023
Wednesday May 24, 2023
This week, Terrie helps out our friends Stef and Mike as they navigate the world of buying an investment property. This young couple are newcomers who've already bought their first condo and are looking to buy their first investment plex.
Stef and Mike pick Terrie’s brain on how to pick the right property. Covered in this show:
- identifying a market that stands out as your ideal investment opportunity
- understanding key market metrics
- ensuring your new property will be cash flow positive
- common pitfalls to avoid when making offers
Join us as Terrie uses her know-how to help Stef and Mike with their next step in investing. We're going to learn lots of useful tips and get clear examples that can help anyone become better at buying properties.
Let's get started!
What we learned from Mike, Stef, and Terrie in this episode:
- How to identify a market that stands out as your ideal investment opportunity.
- The key market metrics you should keep an eye on to ensure your property transitions smoothly into cash flow neutrality.
- Law of the Jungle: How newbie real estate investors can find deals and be more competitive.
-The deal flow of real estate investing.
- Are tertiary markets good to invest in?
- How to find good deals through MLS as a newbie investor.
- The pros and cons of buying a property through a wholesaler.
- How to safely invest in uncharted territories as a newbie investor.
Quotes:
“Any property that you buy that is cashflow neutral today will make money five years from now, and it will make even more money 10 years from now.” - Terrie
“If you want to have additional deal flow, then you have to cultivate relationships with people.” - Terrie
“Don't be afraid to make offers.” - Terrie
Timestamp:
[00:00] Podcast intro
[00:58] Mike and Stef’s quick introduction.
[02:13] Stef and Mike’s first question: how do you look at a market and know that that's where you're you want to invest?
[06:23] What are the market metrics needed for the property to become cashflow neutral?
[12:13] What is the deal flow of real estate investing? How fast should we expect it to go?
[17:04] Terrie shares his thoughts on tertiary markets.
[19:00] What percentage of deals are happening off of the MLS? Compared to what's happening in the MLS?
[21:45] Are there still opportunities in the MLS?
[24:02] Is it good to buy properties through a wholesaler?
[28:35] Is it good to invest outside of your living space? Let’s hear it from Terrie.
[33:27] Podcast outro
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Wednesday May 17, 2023
Wednesday May 17, 2023
In a world where information is currency, the means of communication are the veins and arteries that nourish your business, especially in the real estate world.
Join us in this episode as we feature our guest live from the REWBCON, Virginia Elder, owner of Podcast Abundance, as she unveils the potential of a powerful information-sharing tool in the real estate industry - podcasting.
We're about to explore how having your own podcast not only sets you apart as an industry thought leader but also serves as a powerful catalyst for your investment career.
Enjoy listening!
What we learned from Virginia Elder and Terrie Schauer in this episode:
- Why having a podcast is essential for your real estate investing journey.
- How to start your podcast the right way.
- How a busy person can start their own podcast.
- Tight budget? Learn how to start your own podcast without breaking the bank.
- How podcast guesting can help you widen your network and gain more audience.
Quotes:
“Any small business needs marketing. Whether it's real estate, whether it's social media support, any small business.” -Virginia Elder
“It's all about creating something that is sustainable.” -Virginia Elder
Timestamp:
[00:00] Podcast intro
[01:40] Virginia talks about the importance of having a podcast in growing your real estate business.
[03:10] Virginia shares how people can start their own podcasts.
[05:01] Worried about the cost of launching a podcast? Virginia will show us how you can get started without breaking the bank.
[08:01] How podcast guesting can be a great start to widen your network and gain more audience.
[11:13] Virginia explains how you can start your own podcast despite your busy schedule and tight budget.
[15:03] Virginia shares her final piece of advice.
[16:18] Podcast outro
Connect with Virginia Elder here:
LinkedIn: https://www.linkedin.com/in/coachvirginiaelder/
Website: https://podcastabundance.com/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Wednesday May 10, 2023
Wednesday May 10, 2023
In today's episode, we delve into Terrie's insightful impressions of the Real Estate Wealth Builders Conference (REWBCON) held in Phoenix, Arizona. This remarkable event aims to foster growth, camaraderie, and valuable connections for real estate investors looking to build wealth in the industry.
Join us as Terrie shares her thoughts on various aspects of the conference, including the powerful "Stronger Together" networking theme that encourages mutual support among participants. She also discusses the critical distinction between habit goals and outcomes, shedding light on the importance of understanding these concepts for personal growth.
Furthermore, this episode highlights the numerous benefits of attending REWBCON or other networking events, from expanding one's knowledge to creating long-lasting connections. Terrie offers valuable advice on networking follow-up strategies, ensuring you make the most of the relationships you form at the event.
Enjoy listening!
What we learned from Terrie Schauer in this episode:
- Stronger Together: REWBCON Networking theme.
- The importance of having a networking event that supports each other.
- What's the difference between a habit goal and an outcome?
- The benefits of the REWBCON event.
- Terrie's advice on networking follow-up strategies.
- Boundaries and Obstacles: Why these two things are important in goal setting?
Success Quotes:
“Building a community of people that is going to help lift each other up, it's going to make your networking experience a whole lot more positive.” -Terrie Schauer
“As you grow through networking, don't go through all the hard part of getting the leads, and then not follow up on those leads.” -Terrie Schauer
Timestamp:
[00:00] Intro
[00:26] Live from the REWBCON! Terrie gives a few of her impressions of the conference.
[00:56] Why building a positive network is important.
[04:37] Habit goals, metrics, and outcome — Terrie shares what she thinks about the one-year and five-year term goals.
[07:22] Terrie talks about mental training for real estate success.
[08:00] Networking follow-up tips from Terrie.
[13:54] Outro
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Wednesday May 03, 2023
Wednesday May 03, 2023
Welcome to this week's episode as we grapple with the burning question: ‘Is It Now a Good Time to Invest in Quebec?’
We kick off the discussion by examining the potential 30% rent increase in the Montreal region over the next two years. Could this be a boon or a bust for prospective investors?
The discussion continues by investigating the advantage that existing real estate investors may have in today's economic landscape. With the current situation in Quebec, are they poised for success, or are they facing unforeseen challenges? We'll unravel the truth and its potential implications for new investors.
Furthermore, Terrie and Axel will examine the potential rise of both new and existing real estate investors in Quebec.
Is now the perfect time to buy more properties, or is there a hidden risk lurking around the corner? We'll discuss this and more, helping you make an informed decision.
Don’t miss this episode!
What we learned from Axel Monsaingeon and Terrie Schauer in this episode:
- 30% rent increase in the Montreal region in the next two years… bad or good news?
- The economic chaos of mid-2022 and the subsequent fall in housing prices.
- The advantage of existing real estate investors in today’s economic situation.
- Immigration statistics and the supply pressure on rental housing.
- The rise of new and existing real estate investors… Is it now the best time to buy more buildings?
Resource(s):
Montreal-area rents may rise up to 30% over the next two years, says the CMHC: https://www.cbc.ca/listen/live-radio/1-15-daybreak-montreal/clip/15981658-montreal-area-rents-may-rise-30-next-two-years
Economic activity will remain high in 2023 despite a slowdown: https://www.ccq.org/en/Nouvelles/2022/perspectives-2023
Canada's population grew by record 1 million in 2022, spurred by international migration: https://www.cbc.ca/news/canada/canada-record-population-growth-migration-1.6787428
Timestamp:
00:00 - Intro
00:57 - Axel is back to talk about pressures on the housing market in Quebec, Canada.
02:42 - Axel reflects on the economic chaos of mid-2022 and the subsequent fall in housing prices.
04:27 - Terrie talks about post-COVID economic events and price pressures on rental properties.
07:13 - Axel and Terrie share insights on the current activities in the construction sector.
10:04 - Terrie and Axel discuss immigration statistics and the supply pressure on rental housing.
12:14 - Axel and Terrie talk about today’s economic situation and why big renovation is almost impossible for a rent-controlled market.
14:28 - What is Terrie scared about?
16:00 - Outro
Connect with Axel Monsaingeon here:
LinkedIn: https://www.linkedin.com/in/axel-monsaingeon-42577b28/?originalSubdomain=ca
Podcast: https://www.realestateeffect.ca/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Wednesday Apr 26, 2023
Wednesday Apr 26, 2023
This episode is about networking for Real estate investors. Weirdly, this topic rarely gets the same methodical and scientific attention that other aspects of the industry do. In this solo episode, Terrie discusses the importance of networking and explains - in a nutshell - her methodology for growing her own network.
Highlights include critical aspects of networking that receive little attention, for example mapping contacts by profession to identify potential synergies and mastering the 'Business Development Meeting’. Increase your understanding of the science of networking and gain maximum impact for your long-term investment outcomes!
Terrie also provides insights on how to shelter yourself from opening your network to the wrong people.
What we learned from Terrie Schauer in this episode:
- Why networking in real estate is not being talked about in a methodical and scientific way.
- What you should realize about networking.
- What is the ‘Prospecting’ phase? … and how to do it the right way.
- How to proceed to the ‘Business Development’ phase in networking.
- How to prevent yourself from opening your network to the wrong people.
Success Quotes:
“Networking needs to happen in sort of a mutually beneficial way.” -Terrie Schauer
“The goal is to really go through what that person is looking for in terms of growing their business, and then to explain to them what your goals are.” -Terrie Schauer
“If you send someone business or if you connect with them, they will keep it in their mind, and you will have a positive checkmark next to your name that will pay you back over the long term.” -Terrie Schauer
Timestamp:
00:00 - Intro
00:35 - What’s the thing that doesn't get talked about enough in a methodical and scientific way in what we do in real estate?
01:53 - Terrie explains how you can connect and identify people who have a common business interest.
05:44 - Terrie discusses why you shouldn’t randomly refer or open your network to people who are not vetted.
08:15 - Things you should look out for from our podcast.
09: 14 - Outro
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Wednesday Apr 19, 2023
Wednesday Apr 19, 2023
In this exciting episode, the tables have turned! Our usual host, Terrie Schauer, finds herself in the hot seat as she's interviewed by her guest, Stefanie Marchione. Delve into Terrie's captivating real estate journey and uncover the secrets to her success.
Together, they delve into the fascinating world of property management, shedding light on the intricacies of a property manager's role and their ability to achieve success. Adding an element of intrigue, they examine a widely circulated, yet unfounded urban legend concerning affordable housing in Quebec.
As Terrie shares insights on optimizing rental profits with minimal effort, she underscores the importance of networking in the real estate industry and discusses how adopting the 'Showing Up' mindset contributed to her accomplishments.
Do not miss this episode where Terrie Schauer candidly discusses her journey, providing invaluable perspectives to enhance your own real estate investing experiences.
What we learned from Stefanie Marchione and Terrie Schauer in this episode:
- Unravel the captivating world of property management - how does a property manager make it all happen?
- A popular urban legend about low-cost housing in Quebec… that isn’t true.
- Discover Terrie's secrets to achieving maximum rental profits with minimal effort.
- The importance of networking as a real estate investor.
- How the ‘Showing Up’ mentality can lead you to success.
Success Quotes:
“You can feel uncomfortable in a situation and still be there, you can still show up.” - Terrie Schauer
“Understand how that fits into how your mind works, and then learn how to process it.” - Terrie Schauer
“You can have all the technical knowledge you want, just like you can have all the dieting knowledge you want, but if you don't have the mental presence to apply it every time you have a plate of food in front of you, it's useless.” - Terrie Schauer
Timestamp:
00:00 - Intro
02:04 - Terrie shares a little backstory of her real estate investing journey.
06:48 - Terrie shares the remarkable story of how her role as a Property Manager paved the way for her to expand her portfolio beyond expectations.
08:34 - Terrie talks about her business model.
10:36 - A little backstory of how Terrie expanded her network as a real estate investor.
13:06 - Terrie shares what her next game plan looks like.
18:48 - Terrie discusses how lower-income housing works.
21:22 - Terrie spills the tea of how to do the minimum that will bring the maximum amount in a rental property.
22:49 - Terrie talks about different things she would do as an investor if she could return back the time.
26:21 - Terrie highlights the ‘Showing Up’ mentality.
27:54 - What should we be talking about in our industry that we're not talking about?
31:11 - Outro
Connect with Stefanie Marchione here:
LinkedIn: https://www.linkedin.com/in/stefaniemarchione/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Wednesday Apr 12, 2023
Wednesday Apr 12, 2023
Business owners and Real Estate investors / operators share this problem. Very often, we work like crazy without seeing the financial fruits of our efforts.
David Richter, author of Profit First for Real Estate Investing and founder of SimpleCFO.com, has considered how to deal with this issue. In this episode, he breaks down the common mistakes many investors (and business owners) make in how they structure their finances.
David shares proven strategies and tips on how to break free from this cycle and finally begin to capitalize on the financial gains available through Real Estate investing.
We dive into the ‘Golden Trio’ of bank accounts, and how to optimize cash flow. Finally, we discuss the six fundamental accounts that every real estate investor should have in order to give themselves a fighting chance on the financial end of their business. David provides expert insights and advice on how to set up these accounts and how to leverage them to maximize your profits.
Join us for an engaging and informative conversation that will help you empower yourself as a real estate investor and create a life of abundance on your own terms.
Tune in now!
What we learned from David Richter and Terrie Schauer in this episode:
- Tired of being stuck in the endless cycle of the rat race? Learn how to break free and unlock the path to financial wealth.
- How to optimize your cash flow using the ‘Golden Trio’ of bank accounts.
- The six fundamental accounts for real estate investors to give yourself a fighting chance on the financial end of your business.
Success Quotes:
“Making sure that you as a real estate investor, know what you need to keep from the business and making sure it's your business.” -David Richter
“Clarity creates confidence, confidence creates better decisions, better decisions equals more money, top line, and bottom line.” -David Richter
Timestamp:
00:00 - Intro
01:01 - David talks about his real estate investing journey.
06:24 - David shares his top two tips on the things that you shouldn’t be doing as a real estate investor.
15:08 - As a real estate investor, is it good to run the business from one bank account? (... a look at the Golden Trio of bank accounts and the six fundamental accounts for real estate investors.)
26:30 - David talks about the lifestyle hits he took when he started his real estate investing journey.
31:44 - Ways to connect with David.
32:37 - Outro
Connect with David Richter here:
LinkedIn: https://www.linkedin.com/in/david-simple-cfo/
Website: https://simplecfosolutions.com/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Wednesday Apr 05, 2023
Wednesday Apr 05, 2023
In this episode, we hear from Florian Monkam, CEO of Global Invest. Florian shares his expertise both on investing abroad and in Quebec. He compares and contrasts the two investment strategies, going through the pros and cons.
On the menu in this discussion with Florian:
- overcoming the fear of investing abroad
- best ways to finance and manage your overseas real estate assets
- two tips you need to know when raising capital and partnering with someone
Tune in to this podcast episode to learn how to make the most of your investments and achieve your financial goals.
Enjoy listening!
What we learned from Florian Monkam and Terrie Schauer in this episode:
- The advantage of investing in Quebec as a real estate investor.
- The best ways to get your financing when your bank declines you.
- How to overcome the fear of investing in uncharted territories.
- The best way to finance and manage your overseas real estate investments.
- How to maintain and leverage your network.
- The top two tips you need to know when raising capital and partnering with someone.
- The secret recipe of how to become a successful real estate investor.
Success Quotes:
"Raise money from people who don't need money.” - Florian Monkam
Timestamp:
00:00 - Intro
00:53 - Florian talks about his real estate investing journey.
04:46 - From France to Quebec: Learn why Florian decided to invest in Quebec.
07:01 - Florian shares some tips and tricks on how to raise capital.
09:41- Florian reveals the right mindset to overcome the fear of investing in uncharted territories.
14:21 - Florian discusses how to finance your foreign real estate investments and manage your properties.
17:37 - Florian shares his secrets of maintaining and increasing your network.
20:02 - Florian shares his secret recipe for how to become a successful real estate investor.
26:55 - Florian talks about the lifestyle hits he took when he started his real estate investing journey.
31:14 - What should we be talking about in our industry that we're not talking about?
33:05 - Ways to connect with Florian.
33:49 - Outro
Connect with Florian Monkam here:
LinkedIn: https://www.linkedin.com/in/florianmonkam/?locale=en_US
Website: global-investisseur.com/
Instagram: https://www.instagram.com/flow_monkam/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Wednesday Mar 29, 2023
Wednesday Mar 29, 2023
Want to invest in Quebec, but afraid of complications? Join this coaching call! In this week’s episode, Terrie shares her expert knowledge with Chauntelle, an investor who owns property in Montreal but lives in Calgary.
We dive into common challenges that real estate investors face when getting started investing in Quebec, and we explore how to overcome them. Terrie shares tips on how to navigate tenant troubles in Quebec and on how to create a great "Power Team" at a distance. (This applies to anyone seeking to invest outside their home market).
Get ready to learn about the power of partnership and why having a reliable real estate ally is an absolute must when investing in uncharted territories.
If you're thinking about investing in Quebec, you're in luck! Terrie has some insider tips to share with you on finding a good network and making money in a rent-controlled market.
You won't want to miss out on this valuable advice. Enjoy listening!
What we learned from Chauntelle Sweeney and Terrie Schauer in this episode:
- Tenant troubles in Quebec? Terrie’s top tips on how you can handle them.
- The Power of Partnership: Why a Reliable Real Estate Ally is a Must-Have for Investing in Uncharted Territories
- How to create a ‘Power Team’ that will work with you.
- How anyone who wants to invest in Quebec can find a good network.
- How to make money in a rent controlled market.
- How to keep your investment game strong and your portfolio even stronger!
Success Quotes:
"If you're from out of province and you have no real experience with the ecosystem here. At the very least, you need an excellent property manager.” -Terrie Schauer
“If you just keep doing the right things and showing up consistently, eventually the results will come.” -Terrie Schauer
“The outcome is generated by the habits.” -Terrie Schauer
“Don't get obsessed with the outcome.” -Terrie Schauer
“We don't live in an Instagram reality, it is not a reality. If we want to do stuff that's difficult, that takes hard work and it takes time. There's no way around that.” -Terrie Schauer
Timestamp:
00:00 - Intro
00:56 - Get to know more about Chauntelle and her investing journey.
02:50 - What advice do you have for a small-time landlord who wants to evict a tenant? (... let’s hear Terrie’s advice!)
07:50 - Terrie gives some advice for someone who wants to invest in Montreal with limited French.
11:44 - Terrie highlights the importance of networking… and how anyone who wants to invest in Quebec can find good networks.
13:25 - How do you make money as a real estate investor in a rent controlled market?
16:03 - How do you attract buyers to invest in Montreal but they're turned off by rent control?
19:53 - How to take advantage of the free resources online as a real estate investor.
22:11 - Terrie spills the beans on her real estate mojo - Learn how to keep your investment game strong and your portfolio even stronger!
26:30 - Outro
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/
Thursday Mar 23, 2023
Thursday Mar 23, 2023
Are you curious about the habits and traits of successful seven-figure earners when it comes to maximizing their investments?
Join us on this exciting podcast as Jonathan Cattani, principal of Cattani Capital Group and host of The Cash Flow Chronicles podcast, delves into some of the most fascinating topics related to investing and real estate. Get a glimpse at how alternative investments are the key to building generational wealth.
He will unpack the most effective business models to raise funds and gain a deep understanding of their unique advantages that can take your fundraising game to the next level.
Enjoy listening!
What we learned from Jonathan Cattani and Terrie Schauer in this episode:
- Discover the common thread among seven-figure earners when it comes to maximizing their investments!
- From being a stockbroker to a commercial real estate investor.
- The similarities between Canada and the US.
- How multifamily lending works in the US.
- The top three business models of a capital raiser.
- The advantages of a general partnership.
- What you didn’t know about people with shiny objects.
- Strut your stuff or keep it on the down-low… What's the best way as a real estate investor?
Success Quotes:
"People don't want to make those sacrifices and that's okay, it's not for everyone. But in my eyes, it's necessary.” - Jonathan Cattani
“If you're growing and your goal is to continue to grow it, it's a job.” - Jonathan Cattani
“If you want to get into real estate full time, then choose the active side.” - Jonathan Cattani
Timestamp:
00:00 - Intro
00:50 - Jonathan talks about his real estate investing journey.
05:17 - Jonathan shares how multifamily lending works in the US.
12:13 - Jonathan reveals how his business model works.
18:56 - Jonathan shares the lifestyle hit he took when he started the path of his real estate journey.
28:34 - What should we be talking about in our industry that we're not talking about?
34:18 - Ways to connect with Jonathan.
35:03 - Outro
Connect with Jonathan Cattani here:
LinkedIn: https://www.linkedin.com/in/jonathan-cattani-53159b179/
The Cash Flow Chronicles: https://apple.co/3rhXrNs
Website: https://cattanicapitalgroup.com/
Connect with Us:
Facebook Page: https://www.facebook.com/restateinvestorsclub/
Email: reic@clubimmobilier.ca
Terrie Schauer’s LinkedIn: https://www.linkedin.com/in/terrieschauer/
Terrie Schauer’s Instagram: https://www.instagram.com/terrieschauer/
Terrie Schauer’s “Mindful Landlord” book: https://mindfullandlord.com/