Get Real Wealthy

10 Episodes
Subscribe

By: Quentin DSouza

Real estate investing in Canada can be confusing. You own your first home, but where do you go from here? How do you build your portfolio and your wealth? The confusion ends here. Quentin DSouza is your host, an award-winning real estate investor and founder ofAppleridge Homes, which started with small single-family homes in 2008 and has grown to large apartment buildings and growing towards 100 million+ in assets under management. On this podcast, you'll learn how to take your high-income, and your first home, andmove into the ultra-rich with our lessons from how Quentin and many others did it withreal estate...

17- From $16K to $1.3M: The Incredible Appreciation of Real Estate
#17
05/09/2023

In this episode of Get Real Wealthy Season 4, Quentin D’Souza talks about how real estate has outperformed other investments over time and why it is a great way to build wealth.

Quentin shares an advertisement from 1973 for a fully detached home in the Toronto area, selling for $16,745. If you wanted carpeting or an attached garage, the cost would increase to $18,275 and $19,495, respectively. A similar home today would sell for $1.3 million, which is 76 times its value in 1973. While the outer shell of the home probably remained the same, the interior was likely updated with $5,000 to $10,000 spent over ti...


16 - The Nine Habits of Highly Effective Real Estate Investors
#16
05/02/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza shares the qualities he has observed in successful real estate investors, and what you can learn from them.

Quentin says that successful investors possess certain qualities that he has observed over the years. He has met investors who own one or two investment properties and those who own $300 million in assets. There is a big difference between the two types of investors in terms of growth. He advises that to achieve your goals, you should follow people who have already succeeded in it. If you want to...


15 - Making Money in Real Estate: Investing Wisely and Avoiding Pitfalls
#15
04/25/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses the reality of real estate seminars and the need to be careful when signing up for them.

Quentin highlights that although some real estate seminars may be legitimate, many of them are merely ways to enroll participants in more expensive seminars. As a veteran of the industry, Quentin provides listeners with tips to make informed decisions and avoid scams.

According to Quentin, attending low-cost or free real estate seminars that cost around $100 or $200 will likely only provide a high-level overview and not much actionable...


14 - Building a Strong Relationship with Your Property Manager: An Essential Guide
#14
04/18/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses how to effectively manage your property manager.

Quentin suggests that before purchasing a property, you should consult a local property manager in the area to determine if they are willing to manage it. This conversation can offer valuable insights into the various factors that may influence a property manager's decision to manage—or not manage—a specific property. Quentin emphasizes that when working with a property manager, it is vital to obtain copies of all lease agreements and addenda given to tenants, as well as any othe...


13 - Why RRSP Mortgages Can Be a Game-Changer for Your Investment Portfoliomortgages
#13
04/11/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses using registered funds for private mortgages to create an income source and the associated risks.

Quentin notes that the public is generally unaware that they can use registered funds, such as TFSAs, RESPs, and LIRAs, to lend as mortgages and earn a fixed return. The reason for this lack of awareness is the mutual fund industry's focus on managing portfolios and not providing information on alternative investment options. People are not aware that this option is available.

He adds that the mutual fund industry...


12 - The Underutilized Housing Tax Form: What You Need to Know
#12
04/04/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses the Underutilized Housing Tax Form.

Quentine explains that property investors in Canada must complete the nine-page form, issued by the Canada Revenue Agency (CRA). Applicable to corporations, holdingc ompanies, and partnerships, it must be submitted annually by the end of April, starting in 2023. The form discloses property ownership under structures like corporations, limited partnerships, or joint ventures and is mandatory for properties with three or fewer units. Non-compliance fines are steep, at $10,000 per property. The form includes details about ownership, partnership, and vacancy, aiming to target...


11 -Maximizing Your Rental Income with Accessory Dwelling Units: Tips and Tricks
#11
03/28/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza shares everything you need to know about accessory dwelling units.

Quentin says that accessory dwelling units usually refer to basement suites, or when a particular house or duplex has another unit added to its footprint. He adds that a new bill, Bill 23, has been implemented in Ontario to increase the number of units in single-family homes. The bill enables the creation of additional basement units or garden suites, thus increasing the density of existing properties. As for what you need to look for in accessory dwelling units...


10 - The Five Golden Rules of Borrowing Against Equity: Expert Tips and Strategies
#10
03/21/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses the five golden rules of borrowing against equity.

Quentin starts by sharing that borrowing is a common financial tool for real estate investing. It is used to buy investment properties and can help grow and diversify a portfolio. Equity in one's home can be used as collateral. If you're investing to build a portfolio, it's a valid financial strategy. But whether you're considering borrowing against equity for investment or other purposes, make sure you follow these five rules. Number one, beware of low-rate offers from banks...


9 - The Importance of Competitive Rental Prices in Real Estate Investing
#9
03/14/2023

[thrive_2step id='834']In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses how to guarantee rental profits.

Quentin says that once you've bought a cashflow-positive property and taken out long-term debt, deciding on the right rent is crucial, as a wrong decision can lead to vacancy and financial losses. You have to consider the benefits and features of the property location and highlight them to potential tenants. If the property remains empty, it may be due to an overpriced or underpriced rent. For example, setting the rent too high could discourage prospective tenants...


8 - Deflationary Cycles in Real Estate: The Good, The Bad, and The Opportunity
#8
03/07/2023

In this episode of Get Real Wealthy Season 4, Quentin D'Souza discusses taking advantage of a deflationary cycle in real estate.

Quentin says that the interest rates in real estate have risen over the past year, leading to lower real estate prices in Canada and the US. Deflation, the opposite of consumer price inflation, where prices for goods and services decrease, also has its own opportunities. People may delay their house purchase, but if selling property in a persistent deflationary environment, one could experience a decrease in equity. Deflationary effects may take six to eight months to materialize...