Welcome to part 4 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Refinancing.Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.Discussion Points:- What makes a worthwhile BRRRR? (0:47)- Preparing for the appraisal (5:23)- Appraisal timing & mortgage considerations (10:55)- Variable or short term fixed? (13:03)- Closing remarks, how to reach Quentin (16:46)- BRRRR summary, interest rates (18:15)RESOURCESQuentin:website: https://quentindsouza.com/Durham Real Estate Investor's Club: https://durhamrei.com/IG: https://www.instagram.com/qmanrei/LinkedIn: https://www.linkedin.com/in/quentindsouza/Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211Books:The Property Management ToolboxThe Filling Vacancies ToolboxThe Finding Properties ToolboxThe Action Takers Real Estate Investing PlannerLink: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713Yatin:Email: beyondmdpodcast@gmail.comWebsite: https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/YouTube: https://www.youtube.com/@beyondmd7203IG: https://www.instagram.com/beyond.md/

Welcome to part 3 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renting.Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.Discussion Points:- Understanding debt coverage ratio, the multiple benefits of positive cashflow (2:10) - Quentin's comprehensive checklist & process for screening and selecting tenants  (5:52)- A, B, C, and D class tenants (16:02)- Using property management & freeing up your time (18:20)RESOURCESQuentin:website: https://quentindsouza.com/Durham Real Estate Investor's Club: https://durhamrei.com/IG: https://www.instagram.com/qmanrei/LinkedIn: https://www.linkedin.com/in/quentindsouza/Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211Books:The Property Management ToolboxThe Filling Vacancies ToolboxThe Finding Properties ToolboxThe Action Takers Real Estate Investing PlannerLink: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713Yatin:Email: beyondmdpodcast@gmail.comWebsite: https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/YouTube: https://www.youtube.com/@beyondmd7203IG: https://www.instagram.com/beyond.md/

Welcome to part 2 of the Buy, Renovate, Rent, Refinance (& maybe repeat) method of real estate investing with Quentin D'Souza. Topic = Renovation.Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.Discussion points:- Strategies for inspecting rental units & getting cost estimates (3:25)- Project timelines & high yield renovation planning tips (9:44)- Considerations for basement suites such as ceiling height, egress, natural light (14:35)- Small renovation maneuvers that can increasing property value (18:32)- Estimating post renovation appraisal value (21:03)RESOURCESQuentin:website: https://quentindsouza.com/Durham Real Estate Investor's Club: https://durhamrei.com/IG: https://www.instagram.com/qmanrei/LinkedIn: https://www.linkedin.com/in/quentindsouza/Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211Books:The Property Management ToolboxThe Filling Vacancies ToolboxThe Finding Properties ToolboxThe Action Takers Real Estate Investing PlannerLink: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713Yatin:Email: beyondmdpodcast@gmail.comWebsite: https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/YouTube: https://www.youtube.com/@beyondmd7203IG: https://www.instagram.com/beyond.md/

Welcome to part 1 of a 4 part series on the BRRRR (buy, renovate, rent, refinance & maybe repeat) method of real estate investing featuring Quentin D'Souza.Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.Discussion points:- Quentin's inspiring story & background in real estate investing (3:45)- Developing the real estate investor mindset (11:46)- Introduction to the BRRRR method (13:45)- Buying - solving problems, finding listings off the MLS (17:22)- Buying - the importance of relationships (23:43)- Key questions to ask a realtor (26:51)- Screening properties efficiently, mapping out a city (29:35)RESOURCESQuentin:website: https://quentindsouza.com/Durham Real Estate Investor's Club: https://durhamrei.com/IG: https://www.instagram.com/qmanrei/LinkedIn: https://www.linkedin.com/in/quentindsouza/Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211Books:The Property Management ToolboxThe Filling Vacancies ToolboxThe Finding Properties ToolboxThe Action Takers Real Estate Investing PlannerLink: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713Yatin:Email: beyondmdpodcast@gmail.comWebsite: https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/YouTube: https://www.youtube.com/@beyondmd7203IG: https://www.instagram.com/beyond.md/

My exploration of investing continues today with Jeremy Donath, LL.B, CIM. Jeremy co-runs the Donath & DiSabatino Wealth Management Group in BMO Private Wealth.Today's topic covers Liquid Alternative Investments.Discussion points:- Jeremy's background & experience (7:06)- Basic investment approach (8:08)- What is a liquid alternative investment? (10:46)- Sectors and asset classes covered by liquid alts (12:34)- Accessed by individuals or institutions? (13:46)- RRSP eligibility (14:42)- Checklist for due diligence - critical (15:16)- Rationale for liquid alternatives in the portfolio (22:40)- Challenging liquid alts through the illiquidity premium (25:32)- Returns of liquid alts vs TSX & SP500 (27:05)- But most rolling 10 year periods since 1937 are + for index funds....(30:08)- Pivoting from alts to equities & vice versa, dealing with market timing (34:50)- Pension funds & liquid alternatives (37:16)- Fund fact sheets - information we need to know (39:04)- Hurdle rates (40:23)- Performance fees, high water mark (41:06)- Any fees when you sell the fund? (44:16)- Upside & downside capture (45:24)- Sharpe ratio, sortino ratio (46:24)- Closing remarks (47:59)Jeremy's email: Jeremy.Donath@nbpcd.comJeremy's website: https://nesbittburns.bmo.com/donath.disabatino/My email: beyondmdpodcast@gmail.comMy website: beyondmdpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram: https://www.instagram.com/beyond.md/

It's an honour to host Sasha Cucuz, CEO of Greybrook Securities on this episode.The focus: understanding real estate development based investingDiscussion points:- Sasha's very interesting path (2:40)- Greybrook's healthcare investments (6:00)- How Greybrook is structured...greybrook capital, realty partners, & securities (7:57)- Overview of types of projects & key markets, investment strategy (9:08)- How a development project works start to finish, how returns are generated (12:20)- Limited partnership structure (18:54)- Tax implications of investment returns (21:36)- Macro: project timelines, roadblocks, supply contraints, the silver lining for returns (22:04)- Micro: project selection, underwriting, risk management (28:06)- Impact of interest rates & commodity prices on development & investment thesis (33:15)- Exit strategies, managing the unexpected (37:42)- A note on developers, additional risk mitigation strategies (43:16)- How taking a contrarian approach can be beneficial (50:10)Greybrook website: https://greybrook.com/Beyond MD website:https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram:https://www.instagram.com/beyond.md/

I'm very fortunate to host individuals like Dr. Ketan Kulkarni.Dr. Kulkarni is an east coast pediatrician specializing in Hematology & Oncology. He wears many hats, having published >>100 papers, is a passionate entrepreneur, keen advocate for financial literacy, & a best-selling author.His journey is inspiring & filled with valuable life lessons. Ketan talks about how striving for a broader identity has made medicine more enjoyable,  his experience with burnout, why creating internal yardsticks for success & living in line with one's core values is critical, his relationship with money, mental traps he is prone to & more.I had the chance to read Ketan's best-selling book (published with Dr. Francis Yoo) called the Legendary Quest. This book is highly applicable to all physicians & professionals. It outlines common mental traps & offers solutions for a more fulfilling personal & professional life.Ketan's book, the Legendary Quest can be found at:https://www.amazon.ca/Legendary-Quest-Professionals-Excellence-Fulfillment/dp/B09TWPHFFRLinks:Ketan's website:https://www.savvyphysician.ca/My LinkedIn Profile:https://www.linkedin.com/in/yatin-chadha-29074b109/My Website:https://beyondmdpodcast.com/Paper covering 1937-1938 (financial history):https://www.nber.org/system/files/working_papers/w17595/w17595.pdf

Elan Weintraub from the Mortgage Outlet is back!Discussion points:- mortgage landscape (4:13)- interest rate thoughts/predictions (7:21)- variable rate vs adjustable rate mortgages, trigger rates, negative amortization (8:36)- variable rate mortgage considerations (14:13)- mortgage approval process today with focus on medical trainees (18:09)- appraisals/refinancing in today's market (22:28)- mortgages through Holding Company: rates, Helocs, joint ventures (25:52)- HELOC - home equity line of credit (28:58)- intro to commercial mortgages (33:18)- final thoughts (35:20)Links:Elan's email: elan@mortgageoutlet.caMortgage Outlet: https://mortgageoutlet.ca/Physician Financial Wellness Conference: https://www.eventbrite.ca/e/physicians-financial-wellness-conference-2022-tickets-382280389937LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this interview I sit down with Mark Halpern, CFP, TEP, MFA-P.Mark is CEO of Wealthinsurance.com & has been assisting professionals and many of Canada's most affluent families for decades with an expertise in insurance solutions and tax strategic philanthropy to enhance wealth and build generational legacies.Discussion points:- Mark's background (5:37)- the reasons people pursue philanthropy (7:36)- gifting of appreciated public securities (11:23)- gifting through professional corporation/HoldCo has a triple benefit (15:13)- who accepts appreciated securities? (17:12)- gifting of appreciated private shares (18:31)- RRSPs - tax implications, charitable strategies (21:02)- CPP philanthropy (23:33)- Additional insurance strategies (28:03)- recognized for large gifts through life insurance (32:49)- charitable receipts (37:19)Resources/links from Mark:website: https://wealthinsurance.com/email: mark@wealthinsurance.comLinkedIn: https://www.linkedin.com/in/markhalperncfptepmfap/Samples from Mark's Monthly Tax Letter:https://wealthinsurance.com/webdoc/TaxLetter-Seven-Defensive-Strategies.pdfhttps://wealthinsurance.com/webdoc/TaxLetter-Preserve-Your-Wealth.pdfhttps://wealthinsurance.com/webdoc/TaxLetter-Accidental-Philanthropy.pdfList of all Tax Letter Publications:https://docs.google.com/document/d/1hNhZ7CSeOr2NBNdwZXCs6nL5gsRZb1Eisht_D5JxfeY/editThis episode is brought to your by taxpay.ca. Taxpay is a safe & user friendly online platform facilitating all of your tax payments (organized by yourself or your accountant).  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 month of free access.Taxpay.ca website: https://taxpay.ca/user/accountantScreenshots guiding set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

In this episode I interview Gareth Tingling, CFA, MBA, who is a Portfolio Manager at Foster & Associates.Gareth's investment blog: https://www.wheelhouseresearch.com/Discussion Points:- Gareth's very interesting background (2:32)- intro to buy & sell side analysts (9:53)- early vs late sell side analysts, why the # of analysts is important (16:02)- understanding analyst incentives, buy, hold, sell recommendations (24:21)- key differences between buy & sell side analysts (28:20)- examples of the buy & sell side (31:39)- buy side: WALAR & TOMO (34:08)- introduction to valuation (37:15)- price to earnings multiples; earnings yield (40:35)- Apple/AAPL (42:50)- Equity risk premium, cost of equity, Beta (45:27)- Trailing vs forward P/E ratios (51:35)- historal P/E ratios (57:01)- NVDA & understanding what you're investing in (58:23)Reach out to me at beyondmdpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram: https://www.instagram.com/beyond.md/

In this episode I sit down with Simon Mass, founder & CEO of the Condo Store.Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space. Condo store website: https://condostorecanada.com/Simon's email: Simon@condostorecanada.com Discussion points:- Simon's experience & journey in real estate (6:12)- The Condo Store's business model (10:59)- rising borrowing costs, interest rates (15:10)- Pre-con basics, GTA corridors, masterplan communities (18:05)- Selecting a builder, maintenance fees (22:55)- Deposit structures (26:24)- macro outlook, supply-demand, development challenges (31:36)- condos vs single family homes (39:25)- resale vs pre-con condos (42:54)- condos are cash flow negative (47:30)This episode is brought to you by taxpay.ca (30:08). Taxpay is a platform I use where you or your accountant can schedule all of your tax payments (personal tax, payroll remittances, corporate tax payments, GST & HST).  Taxpay can help you simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.Taxpay.ca website: https://taxpay.ca/user/accountantArticle with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

Welcome to my 3rd solo episode! Today I discuss a topic that is deeply meaningful to me: the Arrival Fallacy.More importantly, we will talk about overcoming the arrival fallacy and the implications this has for a more successful personal & financial life.Summary:- my past and where I went wrong (1:03)- arrival fallacy definition (7:24)- the role of dopamine (10:35)- 5 ways to overcome the arrival fallacy (14:25)- a tale of 2 doctors (20:51)- spending on what you value (23:14)This episode is brought to you by taxpay.ca (12:56). Taxpay is a platform I've been using where you or your accountant can schedule all of your tax payments. This includes personal tax, payroll remittances, corporate tax payments, GST & HST. Taxpay can help you to simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.Taxpay website: https://taxpay.ca/user/accountantArticle with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

This is THE episode many have been waiting for - a conversation with the founders of Physician Financial Independence (PFI) on facebook, Paul & Jane Healey.We cover a broad spectrum of topics including:- PFI behind the scenes- how they work as a couple/team- what they value in life- the relationship between money and happiness- talking to kids about money- financial/investing lessons- paying off debt vs investingThank you Jane & Paul for your unwavering effort in promoting financial literacy in the Canadian physician community!

In this episode I host Joseph Bakish (CFA, CLU, TEP), wealth & investment advisor, portfolio manager from Bakish Wealth at Richardson Wealth. Joe has abundant experience in the industry, accolades include top under 40 advisor in 2020 and being recognized among Canada's top 50 advisors in 2021.Discussion points:- basic approach to alternatives, discussion of CPP (3:50)- rationale for alternatives (14:08)- are alternatives uncorrelated from stocks? (17:02)- private lending (18:28)- the importance of due diligence (20:55)- illiquidity, rebalancing issues (26:05)- Inflation hedges? (33:09)- private equity (37:43)- why alternatives if stocks will continue to go up in the long term? (40:52)- summary of farmland (43:09)- what is over/under hyped in the alternative space? (45:46)- closing remarks: the benefit of buying, holding, and closing your eyes (48:51)Joe's email: joseph.bakish@richardsonwealth.comemail me at: beyondmdpodcast@gmail.comJoin me on Linkedin: https://www.linkedin.com/in/yatin-chadha-29074b109/Article referenced: - https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3882899 (35:05) - https://blogs.cfainstitute.org/investor/2018/12/03/private-equity-the-emperor-has-no-clothes/ (38:35)

I host Dr. Michael Warner, Medical Director of critical care at Michael Garron Hospital & President of Advisory MD in one of my favourite conversations to date.Michael talks about the importance of maintaining passions outside of medicine, how an MBA helped him in medicine & beyond, the rewards & challenges of starting a business, his investment approach, & the most impactful life lessons he's learned.Advisory MD: https://www.advisorymd.com/Michael's email: michaelwarner@advisorymd.comMy email: beyondmdpodcast@gmail.comFollow me on LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this episode I host Amanda Doucette, TEP.  Amanda is a tax lawyer &  founder of the Tax Chick Podcast and Blog, which are wonderful resources for anyone wanting to learn more about tax and estate planning.Discussion points:- when to start estate planning (8;35)- essential documents (11:12)- durable vs springing power of attorney (14:05)- POA: who to choose, including trust companies (16:00)- summary of wills (18:45)- what happens if you pass away without a will (21:16)- what is probate? (23:19)- pros/cons of joint ownership (28:44)- beneficiary designations (32:47)- choosing an executor (36:36)- executor liability insurance (38:55)- basic overview of tax considerations (40:39)- RRSP: what happens (44:42)- life insurance: what happens (45:39)- preferential assets? (46:55)- tips on communicating with your family (49:24)- DIY estate planning vs getting professional help (51:14)- questions to ask an estate lawyer (55:31)Links to Amanda's workTax Chick podcast - https://podcasts.apple.com/ca/podcast/the-tax-chick-podcast/id1525089244The Tax Chick Blog - https://taxchickca.wordpress.com;Connect with me by email: thetaxchickpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/amandasadoucette   Instagram: @tax.chickSign up for my Newsletter, "Musings of a Tax Chick": http://eepurl.com/hNbXcb Resources discussed in the episode:WillPower: https://www.willpower.ca/Public Legal Education Association of Saskatchewan: https://www.plea.org/

I'm thrilled to have Dr. Wing Lim join me for this episode. Wing has achieved incredible personal, professional, and financial success.  One of his impressive accomplishments is co-developing the Synergy Wellness Centre in Alberta, which provides care for more than 500,000 patients annually.We discuss the challenges of medicine, financial mistakes, the importance adopting a growth mindset for success, the wealth mindset, taking/balancing risk, investing, the importance of our dreams, and more.Wing and I are both speakers at the upcoming Physician Empowerment financial literacy conference for physicians. For details, please refer to: https://www.physempowerment.ca/liveMy YouTube channel is now available:https://www.youtube.com/channel/UCMbWyp5EVB4LGSEutCDn8QgMy website will be active soon.

Thank you for listening to my second ever solo episode! Today I discuss my perspective on what's going on in the world around us (inflation, car prices, interest rates) and touch on key points from recent episodes.Discussion points:- why are (used) car prices so high, what happens from here, impact (2:48)- interest rates: investigating the past to gain insight into what happens next, impact (6:59)- personal pension plan (PPP): contribution limits for early career professionals (14:16)- Evidence-based investing: correlation & uncorrelated returns (17:47)- Critical illness insurance: my policy, how I hold it, a case against return of premiums (24:23)- Holding companies: reasons why one may want to consider one (27:27)Thank you for the support! Reach out at beyondmdpodcast@gmail.com or LinkedIn.Stay tuned for beyondmdpodcast.com & YouTube Videos!Resources for this episode:https://advisory.kpmg.us/articles/2021/used-car-prices-could-crash.htmlhttps://www.vanguard.ca/documents/dynamic-correlations.pdf

Ali Spinner (CPA, CA, TEP) is back! The topic today is Holding Companies.Ali is a partner in tax at Crowe Soberman LLP & has more than 20 years of experience in personal and corporate tax matters. Ali can be reached at Alexandra.spinner@crowesoberman.comWe discuss:- Holding company - what is it, rationale (5:00)- Rationale for protecting investments/assets from medical liability (8:45)- Homes with 2 professional corps, when to set up (11:00)- HoldCo set up, transfer of $ from operating company to HoldCo (14:00)- Lifetime capital gains exemption/LCGE (20:13)- Tax on passive/split income, TOPI/TOSI (26:15)- Surplus stripping (30:02)- Investing in collectibles (40:17)- Rental properties (42:04)- HoldCo downsides/costs (45:58)Reach out anytime on LinkedIn, Instagram (@beyond.md), or beyondmdpodcast@gmail.com

Yatin Chadha, MD, hosts Mehul Gandhi, CFP, CLU, TEPMehul is a financial planner, tax & estate practitioner, & licensed insurance advisor working out of the lower mainland in BC. He is the host of the Mind Your Biz Podcast, which covers topics for business owners & entrepreneurs.Topics discussed:- what is critical illness (CI) insurance, rationale (6:44)- how much insurance is necessary? (9:50)- is it necessary in Canada? (12:20)- potential impact of CI on family (14:08)- coverage of conditions (15:24)- personal, corporate, vs shared policy ownership (17:25)- return of premium (25:23)- loss of independence (27:30)- policies for children (29:20)- must ask questions (33:25)- retirement: mitigating sequence of returns risk (36:44)- retirement: mitigating longevity risk (42:22)You can listen to the "Mind Your Biz Podcast" by Mehul here: https://open.spotify.com/show/2MXapiWUSNcWUtYH76tYCI?si=3c0b6350982d43d9 Mehul's email: m.gandhi@westmountplanning.comFeel free to reach out to me on LinkedIn or email to beyondmdpodcast@gmail.com