The Wisdom, Lifestyle, Money, Show

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham discusses strategies for profiting in today's real estate market, with a focus on Canadian investors. He highlights challenges in Canada, such as difficulties in cash flowing residential properties in many areas, though opportunities persist in markets like Windsor, Sarnia, Sudbury, and Thunder Bay. Scott explains how external factors, including companies shifting operations due to U.S. tariffs, are impacting Canada's appeal for investment. For instance, as of October 15, 2025, Stellantis announced it would move production of one model to the U.S., redirecting 5,000 jobs that could have gone to Canadian plants, prompting Canada to initiate a dispute resolution process on November 3, 2025. Amid broader trade tensions, with ongoing U.S. tariffs leading to layoffs in sectors like steel and aluminum, Scott emphasizes the need for investors to explore diversified options in the U.S., Mexico, and within Canada.Scott shares how LendCity Mortgages is creating opportunities by partnering with developers to build multifamily properties, particularly in Alberta and Ontario. He contrasts the two provinces: Alberta offers faster tenant eviction processes, no rent control, and stronger rents, making it easier to achieve positive cash flow. In Ontario, rent increases are capped (e.g., 2.5% in 2025 despite rising mortgage costs from renewals at higher rates), limiting profitability for properties with long-term tenants. Through the CMHC's MLI Select program, investors can access up to 95% financing and 50-year amortizations by incorporating affordable housing components, energy efficiency, and accessibility—earning points for premium discounts. In Alberta, affordable rents often align with market rates, avoiding the revenue loss seen in Ontario markets like Toronto, where units might rent for $3,000+ but qualify as affordable at $1,800.Despite economic headwinds, Scott remains optimistic, noting solid appreciation and returns in select markets. He encourages joining LendCity's Weekly Investor Insight for vetted deals, including new construction projects from 8 to 94 units. As of November 2025, Canada's rental market shows moderation in rent growth amid cooling housing starts and economic uncertainty, but areas like Northern Ontario continue to offer strong cash flow potential due to lower property prices and decent rent-to-price ratios. This episode provides actionable advice for navigating shifting markets, blending lending expertise with real-world investor strategies.Key TakeawaysCanadian Market Challenges: Cash flow is tougher in many residential areas due to rent controls and rising mortgage costs from renewals (e.g., rates jumping from 1.5-2% to 4.5-5%), but markets like Windsor, Sarnia, Sudbury, and Thunder Bay still yield positive returns.Impact of Tariffs and Company Shifts: U.S. tariffs in 2025 have led to job losses and companies like Stellantis redirecting 5,000 positions south, reducing Canada's investment appeal; Canada responded with dispute resolution on November 3.Alberta vs. Ontario Advantages: Alberta lacks rent control, has quicker eviction processes, and aligns affordable rents with market rates under MLI Select, enabling better cash flow than Ontario's capped increases and higher affordable rent gaps.MLI Select Program Benefits: Secure up to 95% financing and 50-year amortizations by meeting affordability, accessibility, and climate criteria; affordable units need only 10 years at reduced rents, with Alberta minimizing losses compared to Ontario.Vetted Investment Opportunities: Join LendCity's Weekly Investor Insight for pre-underwritten deals, including developer-built multifamily projects in Alberta (8-94 units) and Ontario, focusing on strong properties from a lending perspective.Diversification Strategy: Explore U.S. and Mexico options amid Canadian exodus; prioritize liquidity, conservative underwriting, and long-term holds for appreciation in appreciating markets.Links to Show ReferencesLendCity Mortgages: lendcity.caWeekly Investor Insight SignupCMHC MLI Select Program: cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselect (00:04) - Introduction to Real Estate Investing (02:56) - Opportunities in Canadian Real Estate (04:40) - The Importance of Investor Insight (08:29) - Focus on Alberta's Real Estate Market (10:35) - Conclusion and Future Insights Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Ming Lim, President of Volition Properties, a Toronto-based real estate team specializing in investor-focused strategies. Ming shares his origin story, starting at age 21 after watching Robert Kiyosaki on Oprah and reading Rich Dad Poor Dad. Fresh out of university and working at Research in Motion (BlackBerry's former name), he dove into real estate investing in Waterloo, Ontario, scaling up to 21 doors. However, the hands-on hassle of managing student rentals—painting rooms, fixing doors, and dealing with tenants—proved far from the passive income dream, leading him to seek a more sustainable model.Frustrated, Ming networked extensively through meetups and events like REIN (Real Estate Investment Network), where he met his business partner Matt. They consolidated their portfolio in Toronto, discovering better yields, lower risks, and a professional tenant base. Volition Properties embodies this philosophy: focusing on "blue-chip" investments in A++ neighborhoods with top-tier tenants, prioritizing risk mitigation over high returns. Ming emphasizes investing in what you know, using a TIME framework (Tenant, Investor, Market, Estate) to evaluate opportunities, and buying where ideal tenants already live—such as young professionals in areas like Little Italy or East York—rather than chasing cash flow alone.The discussion debunks myths about Toronto's market being unaffordable or non-cash-flowing, highlighting duplexes and triplexes that offset costs better than condos, especially with recent CMHC rule changes allowing lower down payments. As of November 2025, Toronto's real estate market shows signs of stability amid cooling trends: October sales dropped 9.5% year-over-year to 6,138, new listings rose 2.7% to 16,069, and average prices fell 7.2% to $1,054,372. Ming advises against condos due to rising fees and rent control, favoring sophisticated models like four-plex developments for long-term wealth. This episode provides actionable insights for investors navigating high-price markets, blending personal anecdotes with updated strategies for sustainable growth.Key TakeawaysRich Dad Poor Dad Inspiration: Ming's real estate journey began at 21 after Robert Kiyosaki's book shifted his mindset from a tech job at Research in Motion to investing, emphasizing assets over liabilities.From Waterloo to Toronto Shift: Scaled to 21 doors in student rentals but found it non-passive; pivoted to Toronto for better yields, sustainability, and professional tenants, reducing risks like evictions and repairs.TIME Framework for Risk Management: Evaluate investments via Tenant (profile quality), Investor (goals alignment), Market (fundamentals), and Estate (long-term planning) to prioritize stability over quick cash flow.Ideal Tenant Targeting: Focus on 25-35-year-old young professionals earning $65K+, car-free, in neighborhoods like Little Italy or East York; buy properties there to ensure reliable renters and avoid issues.Duplex and Triplex Strategies: Use CMHC changes for low-down-payment duplexes where rentals cover costs better than condos; turnkey triplexes can cash flow positively in Toronto despite high prices.Anti-Condo Stance: Avoid condos due to uncontrollable fees, rent control, and poor cash flow; prefer freehold multis for mental health perks like outdoor space post-COVID.Toronto Market Update 2025: October sales down 9.5% to 6,138, listings up 2.7% to 16,069, average price fell 7.2% to $1,054,372; stability amid inventory rise offers buyer opportunities.Investor Mindset and Services: Combine financial planning with real estate; Volition guides from duplexes to developments, helping even moderate-income buyers qualify via property-strength loans.Links to Show ReferencesVolition Properties: Website - volitionprop.com; Instagram/YouTube - @volitionproperties; Email - info@volitionprop.comLendCity Mortgages (for Pre-Approvals and Investor Financing): lendcity.caRich Dad Poor Dad by Robert Kiyosaki: Available on amazon.ca or major bookstoresREIN (Real Estate Investment Network): realestateinvestingincanada.com (00:07) - Welcome to the Wisdom Lifestyle Money Show (02:48) - Ming's Real Estate Journey (07:51) - Strategies for Success in Toronto (11:17) - Understanding Tenant Profiles (14:59) - Beyond Buying: Financial Planning in Real Estate (17:27) - Navigating Income and Investment Options (19:00) - The Case Against Condos Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Carlos Rodrigues, a Canadian real estate investor who transitioned his portfolio from Ontario to the US Midwest, focusing on Cleveland, Ohio. Carlos shares his frustrations with Canadian financing limitations, including being denied a standard refinance despite strong income, leading him to explore US opportunities. He highlights discovering affordable properties in Cleveland, where he started with a $35,000 duplex that required $60,000 in renovations but appraised at $150,000 post-rehab. Emphasizing subsidized housing through the Section 8 program, where the government covers part of tenants' rent, Carlos explains how this strategy ensures stable cash flow in a market with about 50% renters in a metro area of roughly 2.1 million people.Carlos discusses the differences between investing in the Greater Toronto Area (GTA) and the US, noting that while GTA has seen strong appreciation over the past 20-25 years, US markets like Cleveland prioritize cash flow over rapid value growth. He warns of pitfalls like point-of-sale inspections in surrounding municipalities, which can require escrow for repairs, and issues like lead remediation in older homes. With properties often being purpose-built rentals like duplexes and triplexes, Carlos stresses the importance of hands-on management, even with property managers, and shares his experiences with contractor issues and neighborhood selection to avoid high-risk areas. As of November 2025, Cleveland's housing market shows median home prices around $135,000, up 6.1% year-over-year, with modest growth projected at under 1% by year-end amid steady demand.Now helping other Canadians through mentorship, joint ventures, and E-2 visa guidance, Carlos offers resources for setting up US entities and finding reliable professionals. He and Scott touch on LendCity's expansion into US financing with over 25,000 lenders and investor-focused team members. This episode provides practical insights for cross-border investing, blending personal anecdotes with current market data to empower listeners eyeing US real estate for long-term wealth building.Key TakeawaysFinancing Challenges in Canada: Struggles with refinancing and portfolio expansion pushed Carlos to the US, where options are more investor-friendly despite initial hurdles like setting up corporations.Cleveland Market Appeal: Affordable properties (e.g., $35K duplexes) in a renter-heavy city (50% renting in 2.1M metro) offer strong cash flow, especially with Section 8 subsidies covering portions of rent.Renovation and Value-Add Strategy: Invest in older homes needing updates to boost appraisals (e.g., from $95K all-in to $150K), but budget for lead remediation and point-of-sale inspections that may require escrow for repairs.Risk Management Tips: Avoid war-zone neighborhoods; use on-site oversight for renovations; negotiate using city inspections (e.g., $50K repair lists) to lower purchase prices.Helping Canadians Invest: Through cashflowcarlos.com, mentorship programs guide setup, contractor sourcing, and E-2 visas for active US business involvement, plus joint ventures on projects.US vs. GTA Investing: Focus on cash flow in US (easier undervalued deals via wholesalers) versus GTA's historical appreciation; expect modest 2025 growth in Cleveland with median prices at ~$135K.Cross-Border Financing: Partner with investor-savvy lenders like LendCity for US deals, leveraging boots-on-ground expertise in Ohio and Florida.Links to Show ReferencesCarlos Rodrigues' Website: cashflowcarlos.comCarlos' Office Phone: (419) 318-8424Carlos' Instagram: @cashflowcarlosLendCity Mortgages (for US and Canadian Financing): lendcity.ca (00:07) - Welcome to the Wisdom Lifestyle Money Show (01:58) - Carlos's Journey to U.S. Real Estate (05:55) - The Rise of Canadian Investors (08:29) - Mentorship and Support for Investors (10:45) - Navigating Resources and Partnerships (12:44) - Investing in Cleveland vs. the GTA (16:20) - Understanding Inspections and Negotiations (18:31) - Wrapping Up with Carlos Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews David Garner, founder of Garnaco Group, a real estate investment firm specializing in passive US property investments for international clients. David shares insights on helping Canadians and UK investors navigate US real estate financing, drawing from his 10+ years of experience in acquisitions, asset management, and private lending. The discussion focuses on Debt Service Coverage Ratio (DSCR) loans, a product tailored for rental properties where qualification is based on the property's income potential rather than the borrower's personal finances. They bust myths about credit requirements, loan terms, and processes, emphasizing the ease for non-US residents.Scott and David delve into practical strategies for foreigners, including loan-to-value ratios, remote signing options, and optimizing deals in markets like Kansas City and Cleveland. They highlight differences for purchases versus refinances, with tips on leveraging fix-and-flip loans for higher initial leverage before transitioning to long-term DSCR financing. As of November 2025, US mortgage rates for investment properties have stabilized, with average 30-year fixed rates around 6.1-6.35% APR per sources like Bankrate and NerdWallet, though DSCR rates for foreign nationals typically range from 5.75% to 7.5% depending on LTV, prepayment penalties, and property strength. They stress the importance of entity structures to mitigate liability and tax issues, while warning against common pitfalls like unseasoned funds or DIY renovations.The episode offers actionable advice for building a US portfolio remotely, blending David's on-the-ground expertise with Scott's financing knowledge. With rates lower than mid-2024 peaks, now is an opportune time for Canadians to invest, supported by stable markets and infrastructure growth. Listeners gain clarity on creating accurate pro formas, negotiating appraisals, and partnering with specialists to ensure smooth closings, making this a must-hear for aspiring cross-border investors.Key TakeawaysDSCR Loan Basics for Foreigners: Qualification focuses on property rental income covering debt (minimum DSCR 0.75-1.25); no US credit or income proof needed, ideal for Canadians with non-traditional earnings.Loan Terms and Restrictions: Purchases allow up to 75% LTV (25% down) for properties valued $150,000+; refinances cap at 65-70% LTV; rates as of November 2025 range 5.75-7.5%, with remote online notary (RON) options adding slight premiums.Myth Busting on Credit and Rates: Canadian credit scores rarely impact US loans; rates are property-specific, varying by state, flood risk, and prepayment penalties (e.g., 5-year step-down for lower rates).Refinance and Leverage Strategies: Use fix-and-flip loans (10-30% down, 100% rehab funding) for initial purchases, then transfer to DSCR at 75% LTV; avoid cost-basis appraisals by planning ahead.Entity and Liability Protection: Buy in US entities like LLCs or LPs to avoid personal exposure; for Canadians, LPs often prevent double taxation—consult pros to structure properly.Process and Best Practices: Get property-specific pre-approvals in 1 day; underwriting takes 3-4 weeks, focusing on appraisals, leases, and insurance; use FX companies to save on wires and partner with experienced brokers for optimal lender matching.Investment Mindset Updates 2025: Focus on cash-flowing properties in stable markets; rates have dropped from 2024 highs, boosting affordability—verify all details with current sources as conditions evolve.Links to Show ReferencesLendCity Mortgages (for US Financing and Pre-Approvals): lendcity.caGarnaco Group (US Real Estate Investments): Contact David Garner via LinkedInScott Dillingham's Contact: Phone - (519) 960-0370; Email - scott@lendcity.ca; Podcast - Wisdom Lifestyle Money Show on major platforms (00:06) - Introduction to Scott Dillingham (02:21) - Understanding DSCR Loans (04:05) - Terms for Foreign Investors (06:54) - Common Misconceptions in Financing (11:16) - Navigating International Credit Scores (15:00) - Refinancing and Its Challenges (18:55) - Strategies for Fix and Flip Financing (20:52) - Interest Rates and Market Dynamics (24:54) - The Financing Process Simplified (30:00) - Entity Structure and Legal Considerations (35:59) - Final Thoughts and Resources Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham welcomes Jennifer Champion and Christine Trainor from LendCity Mortgages to discuss the advantages of working with seasoned mortgage brokers for multifamily and commercial investments. Drawing from real-world examples, they highlight common pitfalls when investors go directly to banks, such as limited options, higher rates, and outright denials. Scott shares a case where a client with a 57-unit property leased to a single corporate tenant was initially offered $13 million by their bank but faced rejection upon deeper review. Through LendCity's broker network, the client secured approximately $16 million at rates about 1% lower, transforming a "no" into a viable deal with CMHC approval.The conversation emphasizes how brokers provide access to a broader range of lenders, many of whom don't deal directly with consumers, especially in commercial spaces. Christine explains that lenders' appetites vary for products like construction loans or smaller loan amounts, and brokers can shop around to match client needs. Jennifer adds that investor-focused brokers, like herself and Christine who are investors too, offer strategic guidance on portfolio growth using tools such as conventional financing, CMHC insurance, or MLI Select programs for higher loan-to-values and longer amortizations up to 40 years. They stress the importance of forward-thinking planning to avoid suboptimal conventional loans that banks might default to, even when better CMHC options are available.As of November 2025, CMHC has implemented updates to multi-unit mortgage loan insurance premiums effective July 14, 2025, standardizing approaches across products including MLI Select with adjusted premiums to reflect risk and affordability goals. Current Canadian mortgage rates for multifamily properties align with the episode's insights, with variable rates as low as 3.45% and fixed rates around 4.39%-4.44% for terms like 4-5 years, supporting stronger cash flow for investors. This episode provides essential tips for building real estate portfolios efficiently, underscoring the value of expert brokerage in navigating evolving market conditions.Key TakeawaysAccess to Exclusive Lenders: Many commercial lenders don't work directly with consumers; brokers like those at LendCity provide entry to these options, expanding choices beyond big banks.Better Rates and Terms: Clients can secure lower interest rates (e.g., 1% savings) and higher loan amounts, as seen in a $3 million increase for a 57-unit property with a single tenant.Strategic Portfolio Planning: Investor-focused brokers offer holistic advice on using CMHC, MLI Select, or conventional financing to optimize loan-to-value ratios up to 85% and amortizations up to 40 years.Avoiding Bank Limitations: Banks may default to conventional loans with shorter terms (e.g., 25 years) and lower LTVs (75%), missing out on CMHC benefits that enhance cash flow and leverage.Tailored Solutions for Complex Deals: Brokers handle varying lender appetites for products like construction loans or smaller amounts, turning potential denials into approvals.CMHC Updates 2025: Premiums for multi-unit insurance were standardized in July 2025; check current rates (variables ~3.45%, fixed ~4.4%) for multifamily to ensure optimal financing.Links to Show ReferencesLendCity Mortgages (for Strategy Calls and Pre-Approvals): lendcity.caCMHC Multi-Unit Mortgage Insurance Updates: cmhc-schl.gc.ca (00:04) - Introduction to the Experts (02:41) - Broker Benefits Explained (04:10) - Understanding Lender Limitations (05:37) - The Power of Strategic Financing (07:03) - Special Offers and Wrap-Up Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham sits down with Rhys Wyn Trenhaile, broker and team leader of The Vanguard Team at Manor Windsor Realty Ltd. in Windsor, Ontario. Rhys shares his unique path from being a national championship-winning track and field athlete at the University of Windsor to becoming a seasoned real estate investor and broker. Starting in university, he and his teammates dove into student rentals during long training runs, sparking a passion for landlording that led to owning multiple properties early on. After earning a law degree but opting out of practicing due to low starting salaries, Rhys transitioned into real estate, leveraging his investor mindset to build a successful career over 21 years.Rhys emphasizes the importance of working with agents who invest themselves, highlighting how his team practices what they preach—converting active income into passive wealth through properties. He discusses Windsor's evolving market, noting streamlined permitting processes via cloud systems and development coordinators, which have halved approval times from two years to one. With major projects like converting downtown buildings (including the 67-unit Canada Building) into residential spaces, Rhys points to government incentives for conversions and infill developments. As of November 2025, Windsor's real estate market remains stable with an average home price around $544,657, down slightly from previous months amid increased listings and modest sales declines, driven by infrastructure like the Gordie Howe International Bridge and ongoing population growth projections of 31% in Southwestern Ontario by 2051.The conversation covers practical investing strategies, from overcoming mental barriers for first-time buyers to using the BRRRR method (Buy, Renovate, Rent, Refinance, Repeat) for scaling portfolios. Rhys advises on additional dwelling units (ADUs) like mother-in-law suites for cash flow without traditional duplex limitations, and warns against most condos for investments, identifying only a few viable options out of hundreds. He stresses long-term relationships over quick sales, noting how his team's honesty and expertise have led clients to retirement wealth. This episode provides actionable insights for investors in Ontario's commercial and residential scenes, blending personal anecdotes with verified market trends for building sustainable wealth.Key TakeawaysEarly Investing Spark: While running track at university, Rhys and teammates bought student rentals, leading to national championships in 1998 and early wealth-building through real estate.Career Pivot to Real Estate: After law school, Rhys chose real estate over low-paying legal jobs, using transferable skills and personal investments to guide clients effectively.Mindset for New Investors: The first property is toughest due to fear; focus on calculated risks, and by the third, steals become recognizable with experience and team support.BRRRR Strategy: Buy undervalued homes, renovate for ADUs like basement suites, rent for cash flow over $1,000/month, refinance to pull out capital, and repeat for portfolio growth.Windsor Market Update 2025: Average prices stabilized at ~$544,657 in November 2025 with slight declines and more listings; growth fueled by infrastructure, population influx, and easier permitting.Government Incentives: Federal pre-approved sixplex designs bypass local bureaucracy; provincial fourplexes as-of-right in many areas; CMHC financing up to 95% for multi-units.Client-Centric Approach: Avoid junk properties for long-term success; team greed aligns with client wealth—more buys mean more commissions for their own investments.Condo Caution: Out of 179 condos, only three are strong investments; prioritize well-managed buildings for professionals seeking steady, low-maintenance returns.Links to Show ReferencesRhys Wyn Trenhaile's Contact: Phone - (519) 250-8800; Email - rhys@manorrealty.ca; Website - thevanguardteam.com; Instagram - @rhystrenhaileLendCity Mortgages (for Pre-Approvals and Investment Financing): lendcity.caManor Windsor Realty Ltd. Office: 3276 Walker Road, Windsor, Ontario for consultationsYouTube Channel for More Insights: Search "The Vanguard Team Windsor" (00:04) - Welcome to the Wisdom Lifestyle Money Show (02:03) - Journey into Commercial Real Estate (05:03) - Transitioning from Law to Real Estate (10:07) - Understanding Investor Mindset (15:09) - Honest Conversations About Investing (19:23) - Future Topics and Next Steps Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham welcomes Jennifer Champion and Christine Traynor from LendCity's commercial mortgage team to explore value-add strategies for multi-family apartment buildings. They emphasize shifting focus from pure cashflow to forcing appreciation through rent increases to market levels and expense reductions, which are more controllable than in single-family investments. Drawing from their own active investing experiences, the guests explain how renovations and stabilization can dramatically boost property values, leading to tax-efficient wealth building without relying on market comparables.Using a practical example, they illustrate purchasing a $1.5 million building, investing $200,000 in upgrades, and refinancing at $2.1 million for a $1.57 million loan at 75% loan-to-value, effectively recovering initial capital for infinite returns. The discussion covers essential financing tools like bridge loans for interest-only payments during renovations and takeout financing for long-term holds, including CMHC Standard and MLI Select options for higher leverage. They highlight the importance of calculating double closing costs and fees when planning profits.The episode also addresses market selection, noting landlord-friendly regions like Alberta where value-add thrives due to flexible rent adjustments, while rent-controlled areas pose challenges. As of November 2025, Alberta's multifamily sector remains strong, with Calgary and Edmonton seeing low vacancies, population growth, and demand for upgraded units, making it ideal for these strategies. U.S. markets offer similar opportunities. This insightful conversation provides actionable tips for investors aiming to scale portfolios sustainably.Key TakeawaysForcing Appreciation Over Cashflow: Prioritize raising rents to market and cutting expenses in multi-family for controllable value growth, avoiding taxes on cashflow while building equity.Value-Add Example: Buy at $1.5M, renovate for $200K, stabilize to $2.1M value, refinance at 75% LTV for $1.57M loan, recovering capital for infinite returns.Two-Loan Financing Strategy: Use bridge loans (interest-only) during stabilization, then switch to takeout financing like CMHC for long-term holds and higher loan-to-values.Market Considerations: Excel in landlord-friendly areas like Alberta; as of 2025, Calgary and Edmonton boast booming demand and value-add potential due to population influx and low vacancies.Predictable Outcomes: Unlike single-family, multi-family appreciation is driven by internal improvements, enabling accurate refinance projections and portfolio expansion.Expert Advice Integration: Work with seasoned professionals for market analysis, cost calculations, and financing to maximize transparency and long-term wealth.Links to Show ReferencesBook a Call with Jennifer Champion: calendly.com/jennifer-lendcity/30minBook a Call with Christine Traynor: calendly.com/connect-christinetraynor/mortgage-strategy-call-with-christine-traynorLendCity Mortgages: lendcity.caWisdom Lifestyle Money Show Podcast: podcast.lendcity.ca (00:03) - Introduction to Value Add Strategies (01:52) - Understanding Loan Types for Investors (04:02) - Implementing Strategies in Favorable Markets Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham welcomes Jennifer Champion and Christine Traynor from the LendCity Mortgages team to discuss commercial financing options for Canadian investors. Jennifer shares her journey starting as a value-add investor in New Brunswick during the uncertain times of March 2020, focusing on duplexes and fourplexes before shifting to commercial projects and now concentrating on Alberta's opportunities. She emphasizes strategies like targeting landlord-friendly provinces and leveraging the CMHC MLI Select program for 6-10 unit buildings, highlighting the importance of building to fit financing models from the outset. Christine, with her 20-year background as a real estate appraiser on Vancouver Island before transitioning to mortgages in 2024, discusses helping investors build out-of-town portfolios, particularly in Edmonton, to create legacy wealth through structured financing.The conversation dives into how commercial mortgages differ from residential ones, basing approvals on property performance rather than personal debt ratios, similar to U.S. financing. This opens doors for investors turned down by banks, with access to multiple lenders for better terms and rates. They explain the CMHC MLI Select program's benefits, including up to 95% loan-to-cost financing, 50-year amortizations, and a 1.1 debt service coverage ratio, especially effective in markets like Edmonton where median rents support strong returns. As of November 2025, Edmonton's average rent for one-bedroom units hovers around $1,492 for furnished and slightly lower for unfurnished, according to recent rental reports, making it a prime area for multifamily investments amid ongoing economic growth.Scott highlights the team's expertise in pre-qualifying both investors and properties, often within 24 hours, to avoid surprises and streamline deals. Whether analyzing resales or new constructions, they collaborate with builders and realtors to ensure CMHC compliance upfront. The episode wraps with advice on assembling a strong team for success in commercial real estate, teasing a deep dive in the next episode on programs, policies, trends, and pitfalls. This discussion provides actionable insights for investors looking to scale multifamily portfolios in Canada, with potential U.S. expansion.Key TakeawaysCommercial vs. Residential Financing: Unlike residential loans limited by personal debt ratios, commercial approvals focus on property numbers, offering options for investors denied by banks, akin to U.S. models.Jennifer Champion's Investing Path: Started in New Brunswick with value-add duplexes/fourplexes in 2020, now focused on Alberta for landlord-friendly policies and 6-10 unit projects using CMHC MLI Select.CMHC MLI Select Program Details: Provides 95% loan-to-cost, 50-year amortization, and 1.1 debt service ratio; build properties to fit the model upfront for optimal rents and unit sizes, especially in Edmonton with median rents around $1,492 as of November 2025.Christine Traynor's Expertise: 20 years as a real estate appraiser before mortgages; specializes in out-of-town portfolios like Victoria to Edmonton, pre-qualifying investors and properties to build legacy wealth.Pre-Qualification Benefits: Analyze properties in 24 hours to estimate loan amounts; pre-qualify listings for realtors to avoid due diligence delays, covering net worth, liquidity, and CMHC fit.Team Advantages for Investors: Access multiple lenders for better rates/terms; expertise from active investors/developers ensures informed, risk-reduced decisions over single-bank approaches.Success Key: Strong Team: Partner with experienced professionals like LendCity to boost success rates, strategize generational wealth, and navigate commercial trends.Links to Show ReferencesLendCity Mortgages (for Commercial Financing Consultations): lendcity.caJennifer Champion's Profile: lendcity.ca/jennifer-championChristine Traynor's Instagram: instagram.com/christine.traynor.reinvestingCMHC MLI Select Program: cmhc-schl.gc.ca/professionals/project-funding-and-mortgage-financing/mortgage-loan-insurance/multi-unit-insurance/mliselectBook a Call with the Team: Visit lendcity.ca to schedule (00:03) - Introduction to the Team (01:25) - Jennifer's Investing Journey (04:46) - Understanding MLI Select Financing (06:04) - Christine's Background and Expertise (08:32) - The Importance of a Strong Team Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Tom McCormick, a mechanical aerospace engineer turned real estate investor from Windsor, Ontario. Tom shares his entry into real estate during the 2020 COVID era, motivated by job uncertainty and inspired by his brother's duplex purchase near the University of Windsor. Starting with a challenging single-family home converted into an additional dwelling unit (ADU), Tom discusses the sweat equity, city code navigation, and lessons from gutting the property to the studs. He highlights how his engineering background aided in understanding building requirements, and credits his father as his first investor for providing capital to complete the basement unit and achieve cash flow.Transitioning to U.S. investments, Tom explains leveraging his work experience in the States since 2017, including building U.S. credit, SSN, and bank accounts. He contrasts Canadian and U.S. markets, noting lower taxes, cheaper per-door costs, and more landlord-friendly laws in the U.S. as key drivers. Detailing a Detroit flip project financed through LendCity, Tom describes acquiring a dilapidated North End property for $75,000 USD with a $100,000 renovation budget, facing hurdles like an "upside down loan" where renos exceed purchase price. Renovations include structural fixes, adding a bathroom for a 4-bed, 3-bath layout, electrical rewiring, and preserving classic Detroit wood features. With an after-repair value (ARV) projected at $260,000–$270,000 USD, potentially higher in spring 2026, Tom emphasizes conservative planning and partnership models.Tom debunks Detroit's outdated stigma, praising its vibrant downtown and safety improvements, making it an ideal backyard opportunity for Windsor investors. He outlines future projects, from quick flips to larger 8-12 unit multifamily rehabs aiming for the 1% rule on returns. Stressing action over perfection and "failing forward," this episode provides actionable insights for Canadians eyeing U.S. real estate, blending personal anecdotes with practical strategies for cross-border success amid ongoing market stability in Detroit as of November 2025.Key TakeawaysEngineering Roots to Real Estate: Tom's aerospace engineering degree from University of Windsor and automotive career provided skills for navigating building codes and renovations, starting with a 2020 single-family ADU conversion involving full gutting and sweat equity.First Deal Lessons: Bought a challenging property, ran out of funds mid-project, and secured father as investor; emphasized failing forward and self-education on city requirements for future confidence in flips.Cross-Border Shift Motivations: Since working in the U.S. from 2017, Tom built credit and accounts; prefers U.S. for lower taxes, cheaper properties (about two-thirds Canadian prices per door), and easier tenant management.Detroit Flip Details: Acquired $75K North End property (C-class area gentrifying); $100K renos include structural joist sistering (~$15K), new bathroom, open-concept kitchen, full electrical rewiring, and wood preservation for classic appeal.Financing Challenges and Wins: Overcame "upside down loan" issues with LendCity's help; projected ARV $260K–$270K USD, targeting Easter 2026 completion and spring sale for healthy profits.Partnership Model: Uses 50/50 splits for flips and multifamily; seeks partners for quick 6-month returns on flips or longer 1+ year stabilizations on 8-12 plexes hitting 1% rule; stresses skin in the game for fairness.Detroit Market Outlook 2025: Highlights improved safety, vibrant downtown, and value over Windsor equivalents; advises focusing on numbers and market fundamentals for cross-border deals.Links to Show ReferencesTom McCormick's Contact: Facebook/YouTube - Search for Tom McCormick; Linktree - linktr.ee/tommccormickrealestate (verified active as of November 2025)LendCity Mortgages (for U.S. Financing and Pre-Approvals): lendcity.caUniversity of Windsor (Tom's Alma Mater): uwindsor.caDetroit Real Estate Resources: For market updates, check detroitmi.gov or local MLS listings (00:08) - Introduction to the Podcast (01:47) - Tom's Journey into Real Estate (04:29) - Investing Across the Border (06:19) - Navigating the U.S. Market (14:59) - The Detroit Flip Project (18:40) - Future Partnerships and Opportunities Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Carmen Da Silva, a cross-border CPA and co-founder of SHARE, who specializes in helping Canadians invest in U.S. real estate. Carmen shares her journey from articling at PricewaterhouseCoopers (now PwC) in tax programs to building a family wealth management business, before relocating to Florida in 2003. She discusses her pivot to real estate investing during the 2008 financial crisis, starting with single-family rentals to replace income after selling her business. Emphasizing opportunity and preparedness, Carmen explains how she expanded her portfolio through bulk purchases in Florida and Texas, leveraging strategies like refinancing to acquire more properties without additional personal capital. She highlights the challenges of early investments, such as mortgage issues with condos and navigating hedge fund influences, leading her to focus on single-family homes.As CFO and co-founder of SHARE (established in 2021), Carmen describes how the platform simplifies U.S. real estate investing for Canadians, offering end-to-end services from entity creation to asset management. She stresses the importance of cross-border tax planning, including foreign tax credits, state-specific filings, and entity structures like Wyoming holding companies for privacy and asset protection. Carmen warns against using U.S.-centric structures like LLCs without considering Canadian tax mismatches, which can lead to double taxation. The conversation touches on potential impacts from U.S. tax reforms under the One Big Beautiful Bill signed in July 2025, which extended 2017 tax cuts, kept corporate rates at 21%, and introduced higher tariffs—potentially affecting cross-border flows but favoring personal holdings for capital gains benefits. She advises consulting cross-border experts to avoid pitfalls in taxation, estate planning, and probate.Carmen also shares her passion for educating the next generation, teaching her children to invest early for cash flow and tax advantages, using affordable U.S. entry points compared to Canadian markets. Drawing from Robert Kiyosaki's Cashflow 101 game, she illustrates behavioral lessons in investing, such as seizing opportunities and maintaining a cash flow mindset over scarcity. For 2025, U.S. real estate remains attractive for Canadians amid stable markets, with tools like SHARE's portal providing real-time tracking, discounted insurance, and property tax reassessments. This episode offers practical insights for building wealth across borders, blending personal stories with updated strategies amid evolving tax landscapes.Key TakeawaysCross-Border Tax Essentials: Consider residency and property location for taxation; file U.S. federal (and state where applicable) returns, then claim foreign tax credits in Canada to avoid double taxation, with no state income tax in places like Texas.Entity Structures for Protection: Use a Wyoming parent holding company for privacy, registering subsidiaries in each state; avoid U.S. LLCs without Canadian alignment to prevent timing mismatches and higher effective taxes.Investing Strategies: Leverage refinancing (e.g., using equity from six properties to buy more) for portfolio growth; focus on single-family rentals over condos due to mortgage and resale challenges, especially post-2008 and amid 2025 tariff impacts.Accountant Selection: Choose professionals with knowledge of both Canadian and U.S. systems; hybrid entities can cause issues, so integrate estate planning like local wills to streamline probate and avoid administrative delays.Family Wealth Building: Start young investors with affordable U.S. properties for cash flow (e.g., $100,000 homes yielding $1,000 monthly); teach a cash flow mindset to enable financial freedom, using tools like SHARE for seamless management.SHARE's End-to-End Support: Benefit from acquisition teams, institutional-grade property managers, monthly financials, and cost reductions (e.g., 40% insurance discounts, property tax reassessments); ideal for hands-off investing in 2025's stable U.S. markets.2025 Tax Updates: Under the One Big Beautiful Bill, extended tax cuts favor personal holdings for capital gains; corporate rates remain at 21%, but Canadian passive investment rules may still impose high rates—prioritize flow-through structures.Links to Show ReferencesCarmen Da Silva's LinkedIn: linkedin.com/in/carmen-da-silva-cpa-tax-specialist-7ab551235SHARE Website (for U.S. Real Estate Investing Resources): sharesfr.comLendCity Mortgages (for Pre-Approvals): lendcity.ca (00:03) - Welcome and Introduction (01:50) - The Journey into Real Estate (03:16) - Starting Share: A New Venture (04:27) - Tax Considerations for Canadians (09:35) - Choosing the Right Accountant (12:30) - How to Work with Carmen (17:42) - Teaching the Next Generation (21:35) - The Importance of Cash Flow (24:08) - Lessons from the Cash Flow Game (25:53) - Wrap-Up and Resources Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Derek Wormsbecker, a mortgage agent at LendCity who specializes in helping Canadians invest in US properties. Derek shares his journey from starting as a real estate investor in Canada by renting out his first townhouse, to selling properties and redeploying capital into the US market. Motivated by rising costs and tenant issues in Ontario, he partnered with Share—a company founded by Andrew Kim that guides Canadians through US investments—to purchase a brand-new construction home in Arkansas for $176,000 USD. With Share's support, including entity setup, banking, and inspections, the process was seamless, and the property now generates steady US income under landlord-friendly laws.Derek highlights key differences between investing in Canada and the US, such as lower entry barriers, no strict rent controls, and favorable eviction processes. In Arkansas, non-payment of rent remains a criminal misdemeanor, with fines of $1-$25 per day after a 10-day notice, making it the only state with such provisions. He plans to sell another Canadian rental this year and invest in states like Ohio or Michigan, where prices are competitive. Scott and Derek discuss market fundamentals, noting excitement around developments like Google's $2 billion data center in Northeast Indiana, which is under construction and includes collaborations with local colleges. However, they caution on Ohio's Intel factory, which is proceeding with construction but has faced delays and controversies, including calls for CEO resignation in August 2025.As a mortgage expert, Derek explains US financing for Canadians focuses on property cash flow rather than personal credit or income, with access to over 450 lenders through LendCity. He emphasizes the advantages of working with specialists familiar with foreign nationals, avoiding common pitfalls like higher rates on small loans under $110,000 in some states. This episode provides practical insights for Canadians eyeing US opportunities, blending personal experiences with updated market trends for building cross-border wealth.Key TakeawaysStarting Small in Canada: Derek began investing by keeping his first townhouse as a rental, using private sales tactics to avoid high commissions, and gradually building a portfolio before shifting focus to the US.Transition to US Investing: Sold a Canadian property to buy a new-build in Arkansas for $176,000 USD via Share, benefiting from hand-holding services like entity creation, inspections, and a one-year builder warranty.US vs. Canada Advantages: Landlord-friendly laws, lower capital requirements, US currency earnings, and no rent controls allow better cash flow; Arkansas treats rent non-payment as a criminal offense with daily fines.Market Selection Tips: Look for growth areas like Ohio and Michigan for affordability, but research fundamentals—e.g., Google's Indiana data center boosts demand, while Intel's Ohio project faces ongoing delays as of November 2025.Financing Caveats for Canadians: US loans prioritize property viability over personal docs; expect higher rates on small loans, and use specialists like LendCity for access to 450+ lenders tailored to foreign investors.Future Plans and Advice: Derek aims to refinance Arkansas and add more US properties; investors should verify reassessments on taxes and avoid cheap buys without strong employment drivers.Links to Show ReferencesDerek Wormsbecker's Contact: LinkedIn - Search for Derek Wormsbecker; Book a call via lendcity.ca/derek-wormsbeckerLendCity Mortgages (for US Investment Financing): lendcity.caShare (US Investing Support for Canadians): Search for Share Real Estate or visit via Erwin Szeto's resources at iwinrealestate.com (00:04) - Welcome to the Show (01:31) - Investing Across Borders (03:13) - The Journey Begins (06:05) - Challenges in Investing (07:42) - Future Plans and Strategies (09:25) - Advantages of U.S. Investments (12:29) - Understanding Market Dynamics (14:29) - Exploring Different Markets (17:06) - Financing Insights for Investors (21:14) - Working with Mortgage Experts (23:49) - Connecting with Derek Wormsbecker Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Marc Racette, CEO and co-founder of Pulse FX, a Toronto-based foreign exchange and global payments firm. Marc shares his journey starting in international business expansion in Asia, including time in Shanghai, before entering the FX industry over a decade ago. He discusses founding Pulse FX in 2024 to provide personalized FX services, emphasizing how Canadians can save significantly on currency exchanges when investing in US properties. Highlighting the convenience pitfalls of banks and online services, Marc explains how hidden markups in rates can cost thousands, and how his firm offers better rates, tools, and guidance without baking in extra fees.Diving into market dynamics, Marc covers key factors influencing CAD/USD rates, including political shifts like Justin Trudeau's resignation on January 6, 2025, and Donald Trump's January 20, 2025, inauguration with its focus on tariffs and domestic manufacturing. He notes potential US dollar devaluation to boost exports, inflation risks from protectionist policies, and interest rate impacts—higher rates typically strengthen currencies. As of November 2025, the Bank of Canada holds its policy rate at 2.25% following an October cut, while the US Federal Reserve's target is 3.75%-4.00%. Oil prices hover around $61 per barrel, supporting CAD stability given Canada's ties to commodities. Global conflicts and safe-haven flows to USD are also flagged. Marc shares bank forecasts from late 2024 showing USD/CAD peaking near 1.45 before declining, with current rates around 1.40 (1 CAD ≈ 0.71 USD) aligning with expectations of CAD strengthening to 1.33-1.35 by end-2026 per major banks like Scotiabank and TD.Marc outlines FX products like spot transfers, limit orders for targeting rates (e.g., 1.43), forward contracts for businesses to lock in rates up to a year ahead, and multi-currency accounts for collecting US rents without high fees. He stresses partnering with a full-service firm for transparency, lower wire costs (often free via ACH/SEPA), and compliance help for cross-border wires. Savings comparisons from January 2025 data show banks like TD at 1.48 vs. Pulse FX near 1.43-1.44, equating to 2-3% savings—potentially $5,000 on $500,000. Updated November 2025 bank rates remain higher (e.g., TD ~1.42), underscoring ongoing value. This episode equips Canadian investors with strategies to optimize FX for US real estate, blending market insights with practical tools for wealth building.Key TakeawaysFX Career Path and Pulse FX Launch: Marc's international experience in Asia led to over 10 years in FX; he founded Pulse FX in 2024 for personalized, full-service currency solutions beyond online portals.Market Movers for CAD/USD: Watch politics (Trudeau's 2025 resignation, Trump's tariffs), interest rates (BoC at 2.25%, Fed at 3.75-4%), inflation, oil (~$61/bbl), and global conflicts; forecasts predict CAD strengthening to 1.33 by end-2026.Spot Transfers vs. Advanced Tools: Basic exchanges are convenient but costly; use limit orders for rate targets (no funds tied up) and forward contracts (business-only) to lock rates up to a year for predictable costs.Multi-Currency Accounts Benefit: Collect US rental income virtually without bank fees; automate conversions at optimal rates, saving on inbound wires and avoiding auto-exchange markups.Payment Options and Savings: Domestic transfers (ACH) often free vs. bank wires ($30-90); full-service partners like Pulse FX verify details, prepare docs, and save 1-3% overall—e.g., $15,000+ on $500,000 deals.Partner Value Over Banks: Banks charge more for consumers/small businesses; FX firms offer expertise, forecasts, and products like options for all clients, emphasizing timing and transparency for better outcomes.Links to Show ReferencesMarc Racette's Contact: Phone - (416) 848-1028; Email - marc.racette@pulsefx.com; Website - pulsefx.com; LinkedIn - Search for Marc Racette Pulse FXLendCity Mortgages (for Pre-Approvals): lendcity.caPulse FX Office: Contact via website for consultations in Toronto, Ontario (00:07) - Introduction to PulseFX (01:49) - Mark's Journey into Foreign Exchange (03:34) - Understanding the FX Landscape (08:24) - Market Dynamics and Investment Factors (15:56) - FX Products and Services Explained (20:28) - Savings Comparison: Banks vs. PulseFX (23:21) - Q&A: Getting Started with Transfers Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham sits down with Dmitri Bourchtein, CIO and Co-Founder of SHARE, a platform that simplifies US real estate investing for Canadians. Dmitri shares his journey from starting in the debt side of real estate after university to joining Starlight Investments, where he contributed to growing a portfolio from hundreds to nearly 20,000 units. He discusses overseeing over $7 billion in US residential real estate transactions through various funds and joint ventures, providing invaluable experience that shaped his approach to institutional asset management. This background led him to co-found SHARE in 2021 with Andrew Kim and Carmen Da Silva, aiming to democratize access to high-quality US single-family rental (SFR) investments for retail investors.Dmitri explains how SHARE sources properties, blending on-market listings with off-market opportunities from wholesalers, institutional owners, brokers, and builders. He highlights unique deals like leasebacks or subject-to-financing options, often at discounts, and emphasizes thorough due diligence, including third-party inspections, property manager scopes of work, and market validations for rents, taxes, and insurance. Scott notes real-world examples where SHARE's deals appraised above purchase prices, building instant equity for clients. As of November 2025, the US SFR market remains attractive for Canadians seeking diversification amid high Canadian prices, with strong demand in landlord-friendly states driven by population growth and job markets—trends that continue to support long-term appreciation and cash flow.The conversation covers why investors choose SHARE over DIY approaches: its end-to-end platform handles everything from investment planning and entity setup to acquisition, asset management, and reporting. Dmitri stresses technology-driven insights, exclusive networks, and educational support to avoid pitfalls like tax reassessments or underestimated expenses. This episode offers practical guidance for Canadians eyeing US properties, blending Dmitri's expertise with updated market realities for building wealth through passive real estate ownership.Key TakeawaysDmitri's Career Path: Started in Canadian private lending, then moved to Starlight Investments, overseeing $7 billion in US residential deals and growing a 20,000-unit portfolio before co-founding SHARE.Sourcing Off-Market Deals: SHARE accesses unique opportunities via wholesalers, institutions, brokers, and builders, including discounted properties, leasebacks, and subject-to-financing, often unavailable to individual investors.Due Diligence Process: Involves initial screenings, third-party inspections, property manager scopes for renovations, and validations on rents, taxes, and insurance to ensure informed decisions and mitigate risks.Built-In Equity Examples: Clients often see appraisals exceeding purchase prices, creating immediate value, as observed in financed deals through partners like LendCity.Benefits of SHARE Platform: End-to-end service covers planning, acquisitions, management, and refinancing; leverages technology, institutional tools, and education to outperform DIY investing.US Market Appeal for Canadians: Focus on landlord-friendly states with growth potential; avoid common pitfalls like tax reassessments by using data-driven underwriting.Getting Started: Create a free account on SHARE's site for an intro call with Dmitri or CEO Andrew Kim to explore personalized US investment strategies.Links to Show ReferencesSHARE Platform: sharesfr.comLendCity Mortgages (for Pre-Approvals): lendcity.caStarlight Investments (Dmitri's Previous Role): starlightinvest.com (00:07) - Introduction to SHARE (02:18) - Billions in Real Estate Transactions (03:49) - Finding Off-Market Properties (08:17) - Due Diligence Process (12:59) - Why Choose SHARE? (17:13) - Closing Thoughts and Contact Information Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham shares a streamlined approach for Canadians and foreign investors to obtain an ITIN (Individual Taxpayer Identification Number) in as little as two hours to facilitate US real estate purchases. As the president of LendCity Mortgages, Scott explains how his company, which specializes in investor-focused financing across Canada, the US, and Mexico (with a recent soft launch there), addresses common hurdles for investors. Drawing from interactions with nearly 1,000 investors over the past year, he notes that 90-95% get stuck at the entity setup stage due to processing delays, complexity, or timing issues that could cause them to miss out on properties.Scott highlights the advantages of using an entity like an LLC over personal name purchases, including access to more lenders, better mortgage terms, and liability protection amid the litigious US environment. He cautions that personal name holdings may risk double taxation between the IRS and CRA, though he emphasizes consulting a tax professional for personalized advice, as individual situations vary. To overcome delays, LendCity pre-sets up entities using Scott's US citizenship for quick EIN acquisition, then assigns them to clients within two business hours—no magic, just proactive innovation. This service is free for LendCity mortgage clients, with only the accountant's competitive fee required; non-mortgage users pay a small additional fee. As of November 2025, standard IRS ITIN processing times are approximately 7 weeks (9-11 weeks during tax season), while foreign EIN applications via mail or fax take 4-6 weeks or more, confirming the value of this expedited option.The episode also covers building US credit, as most investor mortgages don't report to bureaus—Scott recommends US credit cards and banking products for better future rates. He stresses the importance of having the entity ready for pre-approvals and offers, with options to rename or transfer it based on the purchase state. For accuracy, note that while LLCs provide benefits, some tax experts warn they can lead to double taxation for Canadians due to CRA treating them as corporations, potentially limiting foreign tax credits; personal holdings often allow better flow-through with credits to avoid double tax. This practical guide empowers investors to act swiftly, blending LendCity's services with tips for long-term success in US real estate.Key TakeawaysEntity Setup Hurdles for Investors: 90-95% of Canadian investors stall at forming US entities due to 4-8 week delays, risking lost opportunities; LendCity's pre-setup inventory allows assignment in 2 business hours.ITIN vs. EIN Clarification: While the episode refers to quick ITIN assignment, the process likely involves instant EIN for pre-formed LLCs via a US resident, with ITIN needed later for personal tax filing—standard IRS times are 7-11 weeks for ITIN and 4-6 weeks for foreign EIN.Personal Name Risks: Buying in personal name may expose you to liabilities and potential double taxation (IRS and CRA), per professionals; always consult an accountant, as entertainment only.LLC Benefits: Entities like LLCs offer liability protection, access to more US lenders, and better mortgage terms; however, updated 2025 tax insights show LLCs might cause double taxation for Canadians due to CRA's corporate treatment—consider alternatives like LPs.No-Fee Service for Clients: Free for LendCity mortgage customers (just pay accountant); includes strategy sessions, renaming, and state transfers; non-clients pay a fair fee.Building US Credit: Investor mortgages typically don't report; use US credit cards and banking to establish a score for lower future rates.Broader LendCity Offerings: Specializes in US investment mortgages (fix-and-flips, rentals); expanding to Mexico; book a free strategy call to discuss goals.Links to Show ReferencesLendCity Mortgages (for Mortgages, Entity Setup, and Pre-Approvals): lendcity.caWisdom Lifestyle Money Show on Spotify: open.spotify.com/show/6bzUXElshqVweiYSPkhqGZWisdom Lifestyle Money Show on Apple Podcasts: podcasts.apple.com/us/podcast/the-wisdom-lifestyle-money-show/id1580165534Official Podcast Site: podcast.lendcity.caIRS ITIN Information: irs.gov/tin/itinIRS EIN Information: irs.gov/businesses/employer-identification-number (00:04) - Introduction to ITIN and Real Estate (01:45) - The Entity Setup Challenge (04:00) - Innovating the ITIN Process (06:12) - Helping Investors Move Forward (08:42) - Building Credit in the States Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham chats with Milena Cardinal, founder of Cardinal Law in Ontario, about optimizing corporate structures for real estate investments. Milena explains how leveraging shareholder relationships in corporations can simplify multifamily and development projects, highlighting the benefits of a single corporation for holding investments where investors own shares. She discusses balancing simplicity with drawbacks like lender requirements for qualifications and personal guarantees, drawing from her experience in creating tailored structures that minimize complexity while maximizing value.Scott and Milena dive into various structures, including general partner-limited partner (GP-LP) setups for larger deals requiring CMHC financing, joint ventures for collaborative projects, and transitions between structures during different project phases. They emphasize the importance of early consultations to align on financing options, as lenders vary in recourse levels—from full to none—and ownership thresholds for applications. As of November 2025, CMHC's MLI Select program continues to support multi-unit financing with updates to premiums and new low-interest loans for secondary suites, but structures must be chosen carefully to avoid disqualifying investors or limiting refinance opportunities.The conversation covers Milena's six-pillar approach to decision-making: tax minimization, liability protection, financeability, investor attractiveness, life and legacy goals, and cost. They share practical tips, like using bare trusts for quick purchases before transferring to corporations, and warn against common pitfalls such as mismatched advice from accountants and lawyers. This episode provides actionable strategies for investors aiming to build portfolios efficiently while protecting assets and ensuring long-term growth in Canada's evolving real estate market.Key TakeawaysSimplest Structures for Investments: Use a single corporation with shareholders for straightforward projects like land banking or cash purchases, offering ease and low costs, but evaluate lender demands for qualifications.GP-LP Advantages: Ideal for multifamily deals with CMHC financing to avoid personal guarantees; limits investor liability to their contribution while allowing tax flow-through, though more complex and costly.Joint Venture Flexibility: Combine with corporations for projects without down payments or to mimic GP-LP benefits; pros include shared management, but cons involve potential joint liability and need for clear agreements.Six Pillars for Structure Decisions: Balance tax savings, liability shields, financing ease, investor protection, legacy planning, and costs; collaborate with accountants, lawyers, and brokers for holistic advice.Financing Considerations 2025: CMHC MLI Select offers up to 50-year amortizations with updated premiums; bare trusts aid quick buys but require corporate transfers for refis to show income.Early Consultation Key: Meet experts before raising capital to secure funds in trust, comply with anti-money laundering rules, and pivot structures as needed for optimal outcomes.Exit and Legacy Strategies: One property per corporation eases sales via share transfers (no land transfer tax) and assumes existing mortgages, supporting long-term wealth building.Links to Show ReferencesMilena Cardinal's Contact: Email - info@cardinallaw.ca; Website - cardinallaw.ca; Instagram - @milena_cardinal; Office - 902 Second St. West, Cornwall, OntarioLendCity Mortgages (for Financing): lendcity.caCMHC Multi-Unit Financing Info: cmhc-schl.gc.ca (00:03) - Introduction to Shareholder Value (02:20) - Choosing the Right Structure (05:14) - Understanding Lender Requirements (08:45) - Getting Started with Your Property (12:27) - Capital Raising Strategies (12:55) - Exploring Alternative Structures (16:21) - The Accountant vs. Lawyer Debate (18:24) - The Six Pillars of Structure (27:45) - Collaboration for Optimal Solutions (36:05) - Navigating Complex Financing Questions (36:51) - Conclusion and Next Steps Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham, President of LendCity Mortgages, dives into strategies for qualifying for investment property mortgages in Canada and the USA without relying solely on personal income. He explains how investors can leverage the property's cash flow through Debt Coverage Ratio (DCR) programs in Canada and Debt Service Coverage Ratio (DSCR) loans in the USA. Drawing from his experience starting in banking and transitioning to specialized investor financing, Scott highlights how these options allow real estate investors to scale their portfolios beyond traditional lender caps, which often limit properties to 4-10. He emphasizes avoiding high-rate private equity loans by choosing lenders who focus on the asset's performance, enabling full-time investing without a 9-to-5 job.Scott breaks down key differences: In Canada, DCR applies to residential and commercial properties, including single-family homes (though harder) and mixed-use, with up to 80% loan-to-value (LTV) on purchases or refinances. However, a mortgage stress test—qualifying at least 2% above the contract rate or 5.25% (whichever is higher)—makes it tougher, and lenders may scale back LTV if cash flow is insufficient. In the USA, DSCR loans are more lenient with no stress test, interest-only options, and even 40-year terms to boost qualification. LTVs are typically 75% on purchases and 65-75% on cash-out refinances for foreign nationals (like Canadians), with some lenders allowing up to 80% on stabilized properties. He warns against over-relying on BRRRR strategies in the USA due to conservative LTVs for non-residents and notes that mixed-use properties may not qualify under DSCR.This episode is packed with practical advice for investors aiming to retire from traditional jobs and grow unlimited portfolios, as most DCR/DSCR lenders have minimal caps once debt is sold or switched. Scott stresses running upfront cash flow analyses—including rents, taxes, insurance, and HOA/condo fees—while factoring in Canadian expenses like vacancy and repairs (often using 50-75% of rents). For optimal rates, prioritize positive cash flow; otherwise, expect higher rates or reduced LTVs. Updated for 2025, with USA DSCR booming due to tech-driven closings and Canada maintaining strict stress tests amid stable markets, this guide helps avoid common pitfalls and build wealth through informed lending.Key TakeawaysQualify on Property Cash Flow: Use DCR in Canada or DSCR in USA to approve mortgages based on rental income covering debt, bypassing personal debt-to-income ratios and property caps from traditional lenders.Canada DCR Specifics: Up to 80% LTV on rentals/mixed-use; stress test at 2% above rate or 5.25%; single-family possible but prefer 2+ units; scale back LTV if no cash flow, including vacancy/repair factors.USA DSCR Advantages: No stress test; interest-only and 40-year terms available; 75% LTV purchase, 65-75% refinance for foreign nationals; easier qualification excluding vacancy costs, but mixed-use often ineligible.Avoid Private Equity Traps: Steer clear of high-rate private loans; consult experts for upfront analysis on rents, taxes, insurance, and fees, which vary by loan size/complexity/rush.Unlimited Portfolio Growth: Most lenders allow ongoing funding after debt sales (USA cap example: 15 deals); switch institutions in Canada if market overexposure hits.Investor Strategy Tips: Schedule strategy calls for custom numbers; focus on long-term cash flow for best rates; BRRRR less effective in USA due to conservative foreign LTVs.Links to Show ReferencesLendCity Mortgages (for Strategy Calls & Investor Financing): lendcity.caWisdom Lifestyle Money Show Host Contact: Email - scott@lendcity.ca; Website - lendcity.caFor USA & Canada Investment Mortgages: Visit LendCity offices in Windsor, Ontario or book online consultations (00:05) - Introduction to the Wisdom Lifestyle Money Show (01:59) - Understanding Mortgage Qualification in Canada and USA (04:51) - Exploring Loan-to-Value Differences (07:05) - The Importance of Cash Flow Analysis (10:07) - Unlimited Lending Potential (11:38) - Sharing Knowledge with Investors Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham shares insights from his recent presentation at the WealthGenius EXPAND Investor Conference in November 2025, where over 1,100 tickets were sold. Drawing from his experience speaking to a large audience of investors, Scott emphasizes the importance of assembling the right team for real estate success. Using the analogy of not going to a dentist for braces—instead seeking an orthodontist—Scott highlights why investors should partner with specialists rather than generalists. He warns against blindly following referrals from friends or family, as they may not align with investment-specific needs like multifamily properties or international deals.Scott discusses common pitfalls, such as trusting unverified online experts who sell courses but lack real-world experience. He provides practical tips for vetting team members, including slowing down to conduct due diligence, asking pointed questions about their personal investing history, and distinguishing true experts from marketers. Highlighting his team at LendCity Mortgages, Scott showcases their expertise as active investors with backgrounds in development (reviewing over $1.25 billion in deals), U.S. property ownership (over 20 properties), multifamily rentals (managing 1,800+ tenants), student housing (hundreds of units), and property flipping. This investor-first approach ensures clients receive value beyond basic financing, helping avoid costly mistakes.As of November 2025, LendCity offers mortgage solutions across Canada, the USA (for investors), and Mexico (for both investors and homeowners), specializing in residential and commercial lending tailored to real estate strategies. Scott shares a real example of how his team's development expertise turned around a declined $10 million deal by better communicating project details to lenders. The episode encourages listeners to build portfolios wisely, book a strategy call with LendCity experts, and share the podcast to help others succeed in real estate investing.Key TakeawaysSpecialists Over Generalists: Just as you'd see an orthodontist for braces, choose real estate team members like realtors or lenders who specialize in investments, not just home buying, to avoid mismatches.Vet Referrals Carefully: Don't blindly trust friend or family recommendations; ensure they apply to your goals, such as multifamily or international properties, rather than standard residential needs.Slow Down for Due Diligence: Take a day or two to research potential partners—it's not detrimental to deals and prevents long-term mistakes in your portfolio.Ask the Right Questions: Inquire about a provider's personal experience, like "How many rental properties have you owned?" or "Have you used this strategy yourself?" to gauge true expertise.Distinguish Experts from Marketers: Verify if team members are active investors; for example, LendCity's agents have reviewed $1.25 billion in developments and managed 1,800+ tenants across multifamily and student rentals.Leverage Niche Experience: For U.S. or Mexico investing, work with teams like LendCity that own properties abroad and offer North American-wide lending to minimize fees and pitfalls.Book Targeted Strategy Calls: Select the right service (e.g., U.S. lending, commercial, development) when scheduling with investor-focused lenders to get matched with the ideal expert.Links to Show ReferencesLendCity Mortgages (for Strategy Calls and Pre-Approvals): lendcity.caWealthGenius EXPAND Investor Conference: wealthgenius.ai/expandWisdom Lifestyle Money Show Host Contact: Email - scott@lendcity.ca; Website - lendcity.ca (00:05) - Introduction to the Wisdom Lifestyle Money Show (01:02) - Empowering Investors with the Right Team (03:31) - Tips for Building Your Investment Team (05:13) - Understanding Expertise vs. Marketing (06:38) - The Importance of Team Experience (08:15) - Navigating Financing in the States (10:19) - Working with Experts in Various Niches (11:41) - Building Your Team and Next Steps Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham sits down with Andrew Kim, CEO and co-founder of SHARE, a real estate technology company specializing in US single-family rental (SFR) investments. Andrew shares his entrepreneurial journey, starting with tech startups and transitioning into real estate after discovering the advantages of the US market in 2011 while living in California. He discusses his early investments in Ontario, which were costly and low-yield, compared to the US where properties offered lower prices, higher returns, and professional property management. Motivated by the challenges of balancing family, business, and portfolio growth—especially during the 2020 pandemic—Andrew founded SHARE in 2021 to help busy investors, particularly Canadians, scale their US real estate holdings effortlessly through tech-driven asset management.Andrew explains how SHARE acts as an "asset manager" for retail investors, going beyond traditional property management by handling entity setup, tax strategies, financing, renovations, leasing, and ongoing portfolio optimization. He highlights common barriers for Canadians, such as uncertainty in choosing locations and navigating cross-border setups, and emphasizes landlord-friendly Sun Belt states for their tax benefits and economic growth. The conversation touches on the appeal of US SFR as a stable, predictable asset class with modest but consistent appreciation and rents, contrasting it with Canada's more volatile markets. Scott shares his own experiences investing in Maine's Section 8 hubs, underscoring the mental roadblocks Canadians face and how guided services like SHARE can overcome them.Recorded in December 2024, the episode also explores potential impacts of the incoming Trump administration, including proposed corporate tax cuts and pro-business policies. As of November 2025, the US federal corporate tax rate remains at 21%, with no implementation of the discussed 15% reduction. However, the administration's focus on deregulation and reshoring has boosted industrial real estate and investor confidence, though tariffs have slightly increased construction material costs. Overall, this episode provides actionable insights for Canadians eyeing US investments, blending personal stories with practical strategies for long-term wealth building in a resilient market.Key TakeawaysFrom Tech Entrepreneur to Real Estate Investor: Andrew Kim's background in tech startups led him to US SFR in 2011, where lower prices (one-third of Canadian equivalents) and double the returns after property management made it a no-brainer compared to Ontario BRRRR strategies.Why US Over Canada for Canadians: US markets offer cash flow after expenses, professional management, and stability; avoid choosing locations based solely on drive time—instead prioritize economic growth, job increases, and landlord-friendly states like those in the Sun Belt.Asset Manager vs. Property Manager: Property managers handle maintenance and rents, but asset managers like SHARE focus on portfolio growth, including tax alignment, entity setup, refinancing, and equity extraction to acquire more properties.Overcoming Common Hurdles: Key barriers include location uncertainty and entity/tax setup; SHARE provides education on risk-reward profiles (A-D class homes) and streamlined setups with cross-border CPAs for liability protection and lender compatibility.Impact of 2025 US Policies: Trump's pro-business stance has reduced regulations, benefiting investors, but the corporate tax rate stays at 21%; expect positive effects from reshoring, though tariffs may raise costs—US SFR remains resilient with steady appreciation.Tips for Stable Investing: View US SFR as the "most Canadian" asset—predictable, high-demand, and institution-backed; avoid expecting GTA-style rapid appreciation; focus on long-term hold for modest gains, conservative calculations, and autopilot growth.Links to Show ReferencesAndrew Kim's Contact: LinkedIn - ca.linkedin.com/in/andrewkim83; Website - sharesfr.com; Instagram - @sharesfrLendCity Mortgages (for Pre-Approvals): lendcity.caSHARE Office: Greater Toronto Area, Ontario for consultations (00:03) - Welcome to the Wisdom Lifestyle Money Show (02:32) - Andrew's Journey in U.S. Real Estate (05:34) - Overcoming Investment Fears for Canadians (08:53) - Asset Management vs. Property Management (10:52) - Setting Up for Success (12:58) - Popular U.S. States for Canadian Investors (15:08) - Political Landscape and Real Estate Impact (20:52) - The Case for U.S. Single Family Rentals (24:24) - Final Thoughts and Resources Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham dives into the shifting investment landscape for Canadians, highlighting why many are turning to US real estate amid economic challenges at home. Drawing from charts shared on social media and Statistics Canada data, Scott explains how foreign direct investment has been flowing out of Canada since around 2015, with a significant uptick in outflows to the US by the end of 2023. He attributes this to factors like the recent capital gains tax inclusion rate increase effective June 25, 2024, which taxes two-thirds of gains over $250,000 for individuals and all gains for corporations, prompting investors to seek more favorable environments. Scott shares personal anecdotes, including his own experiences with tenant issues and rising mortgage rates, to illustrate how Canadian policies like rent controls and lengthy Landlord and Tenant Board backlogs—currently averaging 6-8 months—are deterring domestic investment.Transitioning to US opportunities, Scott contrasts Canada's restrictive lending and foreign buyer bans (extended until December 31, 2026) with the investor-friendly US market. He emphasizes easier eviction processes (typically 2-4 weeks), flexible rent adjustments, and lower property costs, where solid homes can start around $110,000 for mortgaged purchases. A key focus is on Debt Service Coverage Ratio (DSCR) loans, which qualify based on property cash flow rather than personal income, allowing up to 75% loan-to-value with rates as low as 6% in late 2025. Scott recommends markets like Ohio for cash flow (e.g., Cleveland and Columbus), Florida for Airbnb potential, and Texas for executive rentals via platforms like PadSplit. He also touches on using RRSPs for down payments through services like Seaport Credit and setting up US banking with institutions like Comerica Bank.As of November 2025, US real estate markets show resilience with median home prices around $428,700 nationally, up 4% year-over-year, driven by job growth in states like Texas. Scott urges diversification to mitigate risks from Canada's economic pressures, including population growth strains and policy hurdles. This episode provides actionable insights for Canadian investors eyeing US properties, blending data-driven analysis with practical tips for getting started, from entity setup to negotiating seller credits for better rates.Key TakeawaysInvestment Outflows from Canada: Since 2015, capital has increasingly left Canada for the US, accelerated by the 2024 capital gains tax hike taxing two-thirds of gains over $250,000 for individuals and all for corporations, per CRA guidelines.Landlord Challenges in Canada: Rent controls limit increases (e.g., from $1,400 to $1,460 over years despite market rents at $3,000), while 6-8 month Landlord and Tenant Board delays hinder evictions or sales, unlike swift 2-4 week processes in the US.US Lending Advantages: DSCR loans focus on property cash flow (minimum 1.0 ratio) over personal income, with 25-30% down payments, rates from 6-8.5%, and no need for US credit or jobs—reserves of 3-12 months often required.Market Recommendations: Target Ohio (Cleveland/Columbus) for low-cost cash flow properties; Florida for lifestyle/Airbnb rentals; Texas for mid-term executive leases via PadSplit, amid strong job growth and population influx.Practical Setup Tips: Use Comerica Bank for free US accounts without a US address; leverage RRSPs via Seaport Credit (net worth-dependent); request up to 5% seller credits to buy down rates, saving more than price reductions.Diversification Benefits: US markets offer lower entry costs (e.g., $110,000+ for mortgaged homes), Section 8 government-backed rents, and growth potential, with national median prices at $428,700 in Q3 2025, up 4% YoY.Links to Show ReferencesLendCity Mortgages (for US Lending & Strategy Calls): lendcity.caStatistics Canada Net International Investment Data: www150.statcan.gc.caSeaport Credit (for RRSP US Investments): seaportcredit.comComerica Bank (US Banking for Canadians): comerica.com (00:05) - Introduction to Investment Trends (03:45) - Shifting Investment to the U.S. (05:19) - Challenges in Canadian Real Estate (08:34) - Personal Landlord Challenges (09:34) - Reasons to Invest in U.S. Properties (10:32) - Understanding U.S. Lending Practices (16:09) - Insights from Canadian Economists (18:30) - Interactive Q&A Session (21:54) - Recommended U.S. Markets for Investment (28:20) - Final Thoughts and Next Steps (35:53) - Conclusion and Farewell Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!

In this episode of the Wisdom Lifestyle Money Show, host Scott Dillingham interviews Milena Cardinal, a real estate lawyer and founder of Cardinal Law Professional Corporation in Cornwall, Ontario. They dive into the essentials of bare trusts and GPLP (General Partner Limited Partner) structures, explaining how these tools help real estate investors navigate complex partnerships. Milena breaks down bare trusts as simple agreements that separate registered and beneficial ownership, often used in joint ventures or family setups to protect assets while allowing flexibility in financing. Scott shares insights on how bare trusts enable clients to access more lenders by closing deals in personal names before transferring to entities, emphasizing the importance of working with investor-focused professionals to avoid pitfalls.Transitioning to GPLPs, the duo discusses limited partnerships as a way to limit liability for passive investors while placing responsibility on the general partner. Milena highlights real-world applications, such as using nominee corporations to hold properties in trust for the partnership, and stresses vetting general partners thoroughly to mitigate risks like poor project management or unqualified leadership. They explore financing challenges, with Scott noting that residential mortgages often require all parties to qualify, while commercial options—available even for single-family homes—welcome GPLP structures but may involve higher rates (e.g., 5.29% vs. 4.89% in recent examples) and fees. As of November 2025, Ontario's real estate market remains stable amid economic shifts, with no major regulatory changes to GPLP setups reported, though investors should consult updated CRA guidelines on trusts for tax implications.The episode offers practical advice for scaling investments, from deciding when a GPLP makes sense (typically for large multifamily or development projects) to setup timelines (often 2-3 weeks for documentation, plus lender approval). Milena warns against overly complex agreements that deter investors and recommends pre-vetting documents for smoother capital raising. Scott and Milena underscore the value of collaborative teams—lawyers, brokers, and accountants—to de-risk deals and ensure long-term success in Ontario's competitive market.Key TakeawaysBare Trusts Explained: Simple contracts separating registered and beneficial ownership, ideal for joint ventures or family partnerships to enable flexible financing without full entity setup upfront.GPLP Basics and Benefits: Limited partnerships protect passive investors (LPs) from liability while the general partner (GP) handles management; best for shielding capital providers in high-stakes projects.Investor Risks to Avoid: Poor documentation, unvetted GPs, or mismatched structures can lead to liability exposure or project failure; always use investor-specialized lawyers to simplify agreements and pre-vet for passive partners.Financing Residential vs. Commercial: Residential requires all parties to qualify, limiting options; commercial underwriting focuses on property cash flow (e.g., debt coverage ratios), welcoming GPLPs but with potential 0.5% higher rates and fees as seen in 2025.When to Use GPLP Structures: Suited for large developments or multifamily properties raising significant equity; not ideal for small deals like duplexes—opt for JVs or corporations instead for cost efficiency.Setup and Mindset Tips: Expect 2-3 weeks for GPLP creation, including GP corporations and subscriptions; foster collaboration among your team to streamline processes and adapt to investor needs for successful outcomes.Links to Show ReferencesMilena Cardinal's Contact: Phone - (613) 935-5919; Email - info@cardinallaw.ca; Website - cardinallaw.ca; Facebook - facebook.com/CardinallawLendCity Mortgages (for Financing Guidance): lendcity.caCardinal Law Office: Visit at 217 Adolphus St., Cornwall, Ontario for consultations (00:07) - Introduction to GPLP Structures (00:59) - Understanding Bear Trusts (03:47) - The Basics of GPLP (05:26) - The Risks of Limited Partnerships (08:55) - Highlighting Investor Protection (10:30) - Importance of Proper Legal Documentation (13:00) - Financing Options for Real Estate (15:17) - Navigating Residential vs Commercial Mortgages (21:06) - When to Use a GPLP Structure (23:37) - Structuring Projects with GPLP (30:36) - Timeline for Setting Up GPLPs (33:33) - Conclusion and Collaboration Importance Here are the top three ways I can help you:Gain Access To Your Weekly Investor InsightBook A Strategy Call With An Expert On The TeamAccess Our Investor ResourcesPlease follow and Rate us 5 stars because it helps us so much!