{"id":1051,"date":"2023-02-03T15:00:04","date_gmt":"2023-02-03T22:00:04","guid":{"rendered":"https:\/\/calgaryreihub.com\/?p=1051"},"modified":"2025-04-29T21:50:14","modified_gmt":"2025-04-30T03:50:14","slug":"the-freedom-chasers-podcast","status":"publish","type":"post","link":"https:\/\/calgaryreihub.com\/fr\/the-freedom-chasers-podcast\/","title":{"rendered":"The Freedom Chasers Podcast"},"content":{"rendered":"<p>Listen to our episode with The Freedom Chasers Podcast!<\/p>\n<p>Link to podcast: <a href=\"https:\/\/www.podpage.com\/the-freedom-chasers-podcast\/they-help-clients-overcome-their-fear-of-investing-with-anthony-santhosh\/\">https:\/\/www.podpage.com\/the-freedom-chasers-podcast\/they-help-clients-overcome-their-fear-of-investing-with-anthony-santhosh\/<\/a><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Quotes &#8211;<\/strong><\/p>\n<p>9:04 \u201cIn general, we see cheaper cost per unit and higher cash flow in the US than in Canada. But Canada historically has appreciated more, so it\u2019s kind of a balance. You\u2019re always getting something and giving something away.\u201d<\/p>\n<p>14:42 \u201cIf we have a client for example that\u2019s looking for a rental property in a certain area of town with certain criteria and we are also looking for the same thing; if we see a good deal, we have to show it to them first. We have to run it by them, get them to check it out and if they don\u2019t want, then we can jump in.\u201d<\/p>\n<p>17:31 \u201cThe reason why these multi-families don\u2019t seem to make sense is that they\u2019ve kind of got overvalued over the years, especially with COVID, kind of \u2018boomed\u2019 in prices.\u201d<\/p>\n<p>19:08 \u201cIt (more houses than apartment buildings) kind of created that imbalance in the market with strong demand for the multi but there isn\u2019t a lot of supply.\u201d<\/p>\n<p>22:47 \u201cI think it would be more meaningful if you went to a landlord union or something of that sort in your area and reached out to the government and if the government\u2019s not taking action to address the issue (then try to fix it) than just building illegal suites across the board.\u201d<\/p>\n<p>24:04 \u201cWe have one called the Calgary residential rental association and they actively lobby governments or city officials to push changes like that. So definitely it\u2019s great to join those groups and have your voice heard because they actually do put a lot of pressure, they\u2019ve got more negotiating power than just you.\u201d<\/p>\n<p>26:25 \u201cFor anyone who\u2019s looking to get their first property, I would say find a reputable realtor or an expert in your area. Seek a mentor of some sort and go to them and talk to them first. Get all your fears answered but also remember that at the end of the day, you\u2019re the one who\u2019s got to pull the trigger.\u201d<\/p>\n<p>28:18 \u201cWe try to make it easier for them because we\u2019ve been there ourselves. We know what it is, right? Like we\u2019ve been at that stage where the new investors are when we bought our first property and we didn\u2019t know where to start either so that\u2019s how we try to view it. To put ourselves in their shoes.\u201d<\/p>\n<p>30:29 \u201cReal estate tends to go up in the long run and you just gotta stick it out, you just gotta survive these periods and then you cash out when it\u2019s the right time to do so.\u201d<\/p>\n<p>32:18 \u201cFor some people, it takes time. For some, they\u2019re more confident to pull the trigger pretty soon, and for some people, it could take six months right? For me, it doesn\u2019t matter. I try to stick it out with every single client and understand that I was once there.\u201d<\/p>\n<p>35:13 \u201cBecause the portfolio, you can rebuild it. You wipe out everything from under my feature model, it\u2019s gonna suck but I\u2019ll rebuild it. Skills, you can acquire them. You can do training. But the relationships are the ones that take the longest. The experience is what takes a lot of time and that\u2019s where the real wisdom is.\u201d<\/p>\n<p>37:32 \u201cA lot of people forget about the process. They look at where people are today but they don\u2019t look at what they\u2019ve been through to be there. And if you only look at the result and not the process, of course, you\u2019re going to miss on that you think that they\u2019re wealthy because they have money.\u201d<\/p>\n<p><strong>Concepts &#8211;\u00a0<\/strong><\/p>\n<ul>\n<li><strong>It is a good idea to diversify your portfolio by getting properties for the cash flow and getting properties for the appreciation value. 9:50<\/strong><\/li>\n<li>If there is a conflict of interest between you and your client, i.e. in cases where you and your client want the same property, the client must always get the first priority. 15:25<\/li>\n<li>In Calgary, the best-performing real estate investment is in two-to-four-unit multi-family properties. Larger multi-family with five units and up, and single-family properties tend to perform worse. 16:45<\/li>\n<li>In Calgary, illegal suites\/basement-rental units have been given a chance to become legal as long as the unit only meets the fire code for a limited time. So, there is a lot of demand right now for acquiring illegal suites as the requirements are less than when you build a new one. 20:21<\/li>\n<li>Giving your clients everything they need and explaining the terms and concepts of real estate to them can help alleviate their fears and worries. 26:10<\/li>\n<li>When showing properties to your clients, talk to them about the pros and cons. You should identify some areas that you think might be problematic later but also offer solutions if they need them. Being transparent with your client and showing them all the possible scenarios that may happen will be a huge plus for you and also gives your clients the confidence they need to \u2018pull the trigger\u2019. 26:50<\/li>\n<li>Having a network of reliable contractors is a huge advantage in securing clients and helps you stand out as a realtor\/real estate agent. 27:32<\/li>\n<li>When working with clients, ask for feedback when working with them so you can work on your deficiencies and continue to improve. 28:45<\/li>\n<li>One of the most common fears of first-time investors is their properties dropping value, fearing that the market will crash. You can help ease their fears on this by educating them on the fundamentals of real estate. It doesn\u2019t need to be thorough, just enough to show them that real estate is a long-term game. 29:55<\/li>\n<li>As for fears of \u2018nightmare\u2019 tenants, you can teach them how to screen their tenants. Tenants should at least have a valid ID and a credit report. Be sure to be thorough in screening your tenants so you can trust them to stay at your property. You can also recommend property managers so they won\u2019t have to do those things if they\u2019re not confident with their screening. 30:55<\/li>\n<li>When working with clients, you should assess how confident they are and offer deals accordingly. If a client is more confident, you can offer them a riskier yet higher payout. While for clients who are fearful, offer them safer deals. Or you can offer them different strategies so they can choose the one that they are more confident about. 33:00<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><strong>Time Stamps &#8211;<\/strong><\/p>\n<p>0:00 Introduction<\/p>\n<p>8:45 Canada or USA, where is your money worth more to invest?<\/p>\n<p>10:20 Property Taxes in Canada<\/p>\n<p>11:25 Parliamentary System vs. Presidential System<\/p>\n<p>12:50 What is your business model?<\/p>\n<p>14:15 Concepts for an investor-focused business model<\/p>\n<p>16:40 Canadian real estate\u2019s focus on Multi-family investments<\/p>\n<p>19:30 What is a legal unit in Canada?<\/p>\n<p>22:35 Your opinion on citizens providing for the gaps\/lapses of the government<\/p>\n<p>25:00 Helping your clients overcome their fears in investing<\/p>\n<p>29:15 Mindset issues first-time investors<\/p>\n<p>31:55 Should you \u2018sit\u2019 your clients down if they are too scared?<\/p>\n<p>34:50 Relationships vs. Skills vs. Portfolio<\/p>\n<p>38:45 The future of Real Estate in Canada<\/p>\n<p>41:35 Predictions for the markets in the future<\/p>\n<p>42:25 Vision for the next 12 months<\/p>\n<p>45:50 If you had a billion dollars, how would you live your life?<\/p>","protected":false},"excerpt":{"rendered":"<p>Listen to our episode with The Freedom Chasers Podcast! Link to podcast: https:\/\/www.podpage.com\/the-freedom-chasers-podcast\/they-help-clients-overcome-their-fear-of-investing-with-anthony-santhosh\/ &nbsp; Quotes &#8211; 9:04 \u201cIn general, we see cheaper cost per unit and higher cash flow in the US than in Canada. But Canada historically has appreciated more, so it\u2019s kind of a balance. You\u2019re always getting something and giving something away.\u201d [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1052,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1],"tags":[],"class_list":["post-1051","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-calgary-real-estate-investing-blog"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Freedom Chasers Podcast - Calgary Real Estate Investor Hub<\/title>\n<meta name=\"description\" content=\"Learn about real estate investing and how to overcome your fears with The Freedom Chasers Podcast. Diversify your portfolio, prioritize your clients&#039; needs, and understand the pros and cons of properties. 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