Breaking Through Investor Gridlock with Andrew Parashis Ep. 132

Meet Ping Hsu,  a seasoned real estate investor and broker, who co-founded Elite Real Estate Network in 2015, managing a diverse portfolio and an educational program. As co-host of Property Hustlers on YouTube, he shares insights to empower investors and help families achieve financial goals through real estate.

In this episode, Ping discusses:

• Shortcomings in real estate education, prompting entry into social media to bridge gaps and stay competitive.
• Social media for networking, capital raising, and business growth, aiming to broaden the top of the sales funnel.
• The need for clear content intentions, balancing entertainment and value to attract viewers.
• Training program to educate individuals in deal sourcing and capital raising, providing business opportunities.
• Challenges in adapting to viewer preferences, analyzing metrics, and the time-intensive nature of content creation.
• Finding an integrator for day-to-day tasks, and the role of active income generation followed by passive investment.
• The importance of clear intentions, consistent content creation, adaptability, data-driven decisions, top-down management, and diversification in real estate strategies.

About Ping
Meet Ping Hsu, a seasoned real estate investor and broker specializing in value-add projects and multiplex in southern Ontario.

Ping started his investing journey in 2010 while he was an engineering student. In 2015, Ping partnered with another entrepreneur Andrew Parashis to expand their investments. They founded multiple companies under their primary business, Elite Real Estate Network, which includes a real estate sales team, investment group, property management with 800+ units, and an educational program specifically for house flippers wholesalers, and landlords.

As a co-host of Property Hustlers on YouTube, Ping shares real estate knowledge and invites experts to discuss Canadian market trends. His goal is to help families achieve financial goals through real estate investing and foster a supportive community of like-minded investors.

Connect with Ping
Instagram - https://www.instagram.com/ping_realestate/
Facebook - https://www.facebook.com/ping.realestate

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Andrew Parashis, a seasoned real estate and business entrepreneur with a background in construction, specializing in transforming distressed properties; he manages over 800 tenancies, flips 8 houses annually, and recently founded Property Hustlers, a real estate education platform, inspiring and educating individuals on strategic wealth-building through real estate investments.

In this episode, Andrew talks about:

• The challenges faced by landlords, including delays in legal processes and lengthy eviction timelines.
• The financial strain on landlords due to extended periods of lost rent.
• Issues such as the tenant protection system, lengthy legal proceedings, and the impact on landlords' finances were highlighted.
• His frustration with the current regulatory system, questioning its efficiency and the prolonged timeline for judgments.
• The trend of investors seeking opportunities elsewhere due to challenges in the Canadian real estate market.
• The importance of staying adaptable and informed about the economic landscape for real estate investors.
• The need for a more streamlined and efficient system to address the complexities faced by landlords in the real estate market.

About Andrew
Andrew is a real estate and business entrepreneur specializing in transforming distressed properties into high-quality rentals and homes for both renters and buyers. He has extensive knowledge of construction through his family's background in home renovations, where he has combined the expertise of a contractor with the mindset of an investor. This combination has led to unique insights in tailoring properties towards a specific purpose.

Having started in 2005, Andrew is a veteran real estate investor with several businesses in operation. His management company operates over 800 tenancies across southern Ontario; he has a house flipping business completing an average of 8 projects per year; and he most recently launched and founded the Property Hustlers, which is a real estate-based education platform sharing countless videos through social media on what it means to be a real estate investor/entrepreneur. The Property Hustlers podcast interviews leading minds in real estate and business all across Canada and the US.

Connect with Andrew
Instagram - https://www.instagram.com/andrew.parashis
Facebook - https://www.facebook.com/parashis.sa

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Thomas Lorini,  founder of Ventureco Capital and Partner at WealthGenius, leverages 15 years of successful investing across North America, blending a background in Mechanical Engineering and manufacturing entrepreneurship, while residing in Southern California with his wife and three children.

In this episode, we discuss:

• The role of networking with US operators for Canadian investors to establish relationships and gain access to lucrative deals, expediting portfolio growth.
• Financing challenges faced by Canadians when investing in the US, highlighting the impact of interest rate differences between the two countries.
• The vast lending options in the US, exceed 4,000 lenders compared to Canada's 32, emphasizing the need for continuous networking to explore diverse financing opportunities.
• Market selection becomes crucial, and the emerging Midwest as promising investment opportunities due to job creation, lower taxes, and landlord-friendly laws.
• The importance of building a robust on-the-ground team, including realtors, property managers, contractors, and lenders, to successfully manage properties remotely and mitigate risks.
• The changing dynamics of the lending environment, urging investors to adapt strategies based on market conditions, job creation, and favorable laws to maximize returns.

About Thomas
Thomas is the Founder and Managing Partner of Ventureco Capital a private investing firm with over $80M AUM. He has been successfully investing across Canada and the US over the past 15 years. Following his studies in Mechanical Engineering, He worked in the manufacturing industry for 18 years including owning his own precision machining company. Thomas is Partner with WealthGenius, a real estate educational network with members all across North America; the group collectively will close on $1B in acquisitions by the end of 2023. Thomas lives in Southern California with his wife Julia of 14 years and their 3 children.

Connect with Thomas
Instagram - https://www.instagram.com/realthomaslorini
Facebook - https://www.facebook.com/thomaslorini77?mibextid=LQQJ4d

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Josh Findlay, a seasoned executor with an entrepreneurial spirit, dedicated to creating exceptional client experiences through smart partnerships, state-of-the-art technology, and unwavering commitment to surpassing expectations.

In this episode, Josh shares:

• How Millennials and Gen Z are embracing smaller living spaces, challenging the traditional notion of large homes.
• How laneway houses, or Accessory Dwelling Units (ADUs), offer significant income potential, catering to the demand for smaller living spaces.
• Tightening lending conditions necessitates collaborative efforts among investors, forming groups to meet lender criteria and execute strategies effectively.
• Success in the brokerage business is attributed to a united team that not only understands real estate but also comprises investors who prioritize relationships and support.
• How investors are advised against impulsive decisions in the face of current market challenges. Seeking advice from knowledgeable mortgage professionals is crucial, emphasizing that challenging market conditions are temporary.
• Despite market difficulties, opportunities abound in the multifamily space, especially with underperforming properties presenting potential for acquisition.
• A people-first approach and a supportive team are identified as crucial factors contributing to the success of Josh's brokerage, underlining the importance of relationships and collaboration.

About Josh
The Findlay Mortgage Team was born out of the idea that through exceptional service and expert advice, we can create a world of more accessible capital for our clients. As real estate capital advisors our mission is to assist investors in strategically scaling their portfolios. We understand the struggle investors face and how difficult it can be to scale once the bank says no. Our experts find alternative solutions by leveraging institutional and private capital stacks, strong networks, and competitive products. Our passion to be industry leaders in combination with our unique skills allow us to offer an industry-leading service that is unparalleled in the Canadian real estate market.

Connect with Josh
Instagram - https://www.instagram.com/thefindlayteam/
Facebook - https://www.facebook.com/FindlayMortgages/

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Diana Lizarazo, a seasoned Real Estate Investor in Southern Ontario, who boasts a successful portfolio of BRRR projects, flips, and private lending endeavors. Leveraging her extensive network, she actively supports aspiring investors by providing valuable information from industry experts and hosting events, all aimed at propelling them toward real estate success.

In this episode, we talk about:

• Shift from flips to considering long-term holds (BRRR method) due to changing market dynamics.
• Emphasis on exploring diverse markets where property numbers are more attractive.
• Prioritizing patience and sticking to investment criteria rather than compromising standards.
• The transition from private lending to considering A or B lenders based on market changes.
• Viewing real estate as a business that requires growth and consistent profit generation.
• Importance of protecting capital while ensuring ongoing business expansion.
• Recognition of the cyclical nature of the real estate market and considering economic factors in decision-making.
• Brief mention of involvement in application development, showcasing a willingness to explore various facets within the real estate industry.

About Diana
Diana is a Knowledgeable and experienced Real Estate Investor in Southern Ontario, with several BRRRs, flips, and private lends under her belt, resources, and events.

As an avid networker, Diana has leveraged her extensive network to position herself as a valuable resource for aspiring investors by providing her community with a broad scope of valuable information from experts in the field.

Diana's vision is to support real estate investors on their journey to success by continuing to deliver valuable content, tools, resources, and events.

Connect with Diana
Instagram - https://instagram.com/investorgirldiana
Facebook - https://www.facebook.com/InvestorGirlDiana

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Inna Hanson, originally from Ukraine, who shifted from biochemistry to real estate after discovering its potential in 2018. Her focus now lies in land development in Ontario, aiming to strategically increase density and ultimately own purpose-built rental apartments.

In this episode, Inna discusses about:

• Her love for the land development process.
• Advocacy for housing solutions for immigrants.
• How to overcome hurdles with city regulations.
• Emphasis on persistence in dealing with consultants.
• The need for tailored financing in short-term land development and collaboration with lenders to understand project timelines.
• Paying above as-is value for properties with future potential and paying above as-is value for properties with future potential.
• Factors in financing challenges and project feasibility.
• Stresses involving builders in the design phase for feasibility and the value of input from experienced builders.
• Importance of market research in designing projects, and more.

About Inna
Inna Hanson was born and raised in Ukraine, leaving the country at 12 years old to join her family in the U.S. and then starting her life again in Canada in 2006. She completed an Honours Bachelor’s degree in Biochemistry from McMaster University and has worked in various roles in healthcare and stroke and cancer research since 2010.

In 2018, she attended a weekend course about Real Estate Investing, and her eyes were opened to the incredible opportunities that exist in owning rental properties, private lending, and equity investments. Since then, her portfolio expanded to a few buy-and-hold properties and a small multi-family.

Over the last two years, her goal was scaling her Real Estate business, but it was challenging as she had no clear strategy in mind. This was her biggest focus in 2022 – research and soul-searching on what she wants her business to look like. That plus the recent market changes in Ontario, Inna has since pivoted to Land Development. Now her focus is increasing density in strategic locations in Ontario with the ultimate goal of owning a free purpose-built rental apartment.

Connect with Inna
Instagram - https://www.instagram.com/rei.innahanson/
Facebook - https://www.facebook.com/REI.InnaHanson

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Andrew Hines, a business and economics-educated real estate investor, entrepreneur, and podcast host specializing in the BRRRR model, construction, and diverse real estate topics.

In this episode, Andrew shares:

• Increased inventory as families opt to live together.
• More listings due to financial constraints and negative rental cash flow.
• Potential shift toward institutional ownership in real estate
• The impact of interest rates on the real estate market.
• Role of international investors and immigrants in housing demand.
• Proactive financial planning, especially before mortgage renewals.
• Facing challenges head-on, using methods like journaling and problem-solving.
• Balancing real estate business growth with family life post-childbirth.
• The importance of time management and building a supportive team.
• Andrew Hines mentions an upcoming book on real estate investment for Canadians.

About Andrew
Andrew Hines is a business and economics-educated real estate investor and entrepreneur as well as the host of the Andrew Hines Real Estate Investing Podcast. Andrew is an advocate of the BRRRR model of investing, owns his own construction company, and has built dozens of new construction units and houses. Andrew regularly speaks on topics of economics, US investing, development, student rental investing, private lending/borrowing, and financing strategies.

Connect with Andrew Hines
Instagram - https://www.instagram.com/theandrewhines
Facebook - https://www.facebook.com/theandrewhines

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Milena Simsic, a Windsor-born ICU nurse turned successful realtor and investor, who leveraged her earnings from nursing to purchase and manage multiple properties in Windsor, transitioning to a thriving real estate career, founding the WindSocial realty team, and organizing the largest real estate investor networking event in the region.

In this episode, we talk about:

• Milena’s journey from nursing to real estate on the Let's Get Real Estate podcast with Danielle Chason.
• The pivotal role of social media, particularly TikTok, in building her network and sharing valuable insights.
• How videos on TikTok, such as one about positively affecting tenants' credit scores, helped Milena amass followers of around 30,000 on various platforms.
• Importance of providing value and entertainment to quickly capture attention on social media.
• Visualizing and understanding the target audience's needs to create resonant content highlights the necessity of continually learning new skills in business.

About Milena
I worked as an ICU nurse across the border in Detroit lived in Windsor, ON, and invested in real estate here using the money I made from my job. I was born and raised in Windsor and went to school here from kindergarten to university. I came from a family of immigrants and I'm the first in my family to own real estate in North America. My first investment property was a 6-unit building in Windsor that I house-hacked while working my first year as a nurse. I bought another property the following year (duplex conversion) and made enough cash flow to be able to sustain my living expenses. I quit nursing after working throughout the entire pandemic and decided to pursue my career as a realtor and real estate investor beginning of 2022. I grew quickly on social media and made 300k my first year as a realtor, started my own team (the WindSocial realty team) with 3 realtors under me (and growing), ran the largest real estate investor networking event in Windsor (Windsor REI Social), and am now looking for larger multifamily projects.

Connect with Milena
Instagram - https://www.instagram.com/milena_simsic
Facebook - https://www.facebook.com/windsocialrealty

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/. 

Meet Sandy Mackay, an experienced real estate investor, entrepreneur, and visionary dedicated to building generational wealth through real estate.

In this episode, we discuss:

• Team building, mindset, and essential elements for creating a successful real estate team.
• Sandy's background, including being a former pro golfer, and how reading "Rich Dad Poor Dad" inspired his transition into real estate.
• Emphasis on having a clear mission and vision for the business to attract the right people.
• Importance of hiring individuals excited about growth within the company, not just seeking a job.
• Key point: Build a team culture based on abundance rather than scarcity in the real estate industry.
• Advocates for a personal mission statement, vision, and values to align with the business's mission.
• Highlight on learning from others' successes and failures, recommending joining a quality team before starting one's own.
• Significance of a coach's role in guiding decisions and recognizing potential in candidates.
• Overall, a focus on intentional hiring, team culture, and personal growth within the real estate business.

About Sandy
Born and raised in the greater Toronto area, Sandy began investing in 2012 with his first property in Oshawa.

In 2014 he transitioned to a career in real estate as a Realtor with Keller Williams, leveraging his expertise to co-host the #1 Canadian real estate investment podcast Breakthrough Real Estate Investment Podcast (over 2 million downloads). Since then, Sandy has built multiple successful businesses within the real estate space - a realtor team selling over 300 units per year, a property management company, and an investment company.

In 2021 he also opened Keller Williams Legacies Realty in Vaughan, Ontario, and in 2022 launched Essential Real Estate Partners.

Connect with Sandy
Instagram - https://www.instagram.com/itssandymackay
Facebook -  https://www.facebook.com/sandy.mackay.3

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat 

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/.

Meet Casandre Salomon, a multifaceted entrepreneur, investor, former CMHC Real Estate Portfolio Analyst, and Multi-Family Realtor. Her depth of experience at CMHC in underwriting multi-family properties has enabled her to effortlessly maneuver the multi-family industry.

In this episode, we talk about:

• Cassandre's insights on CMHC financing and underwriting.
• How thorough file preparation and presentation are crucial when dealing with CMHC submissions, improving the chances of approval.
• Cassandre's journey from realtor to CMHC senior analyst to consulting reflects the challenges and burnout in the industry.
• The importance of knowledgeable mortgage brokers for efficient CMHC financing, especially in underwriting commercial properties.
• How the CMHC Select program, offering extended amortization periods is explored, highlighting the criteria for qualification and the need for careful consideration before opting for CMHC financing.

About Cassandre
Cassandre Salomon is a multifaceted entrepreneur, investor, former CMHC Real Estate Portfolio Analyst, and Multi-Family Realtor. Her depth of experience at CMHC in underwriting multi-family properties has enabled her to effortlessly maneuver the multi-family industry. Her niche is educating on underwriting and CMHC MLI Select products bringing clarity to her clients and real estate professionals alike as an added service. Cassandre is passionately devoted to teaching, public speaking, and demystifying multi-family underwriting.

When Cassandre is not occupied with educating on underwriting, attending speaking engagements, finding her clients' next income property, or negotiating on their behalf, she takes pleasure in traveling, painting, or looking for her next investment.

Connect with Cassandre
Instagram - https://www.instagram.com/cassandre.salomon

Connect with Danielle Chiasson
Website: https://strategicsuccessconsulting.com
LinkedIn: https://www.linkedin.com/in/daniellechiasson/
Facebook: https://www.facebook.com/DaniChiasson
Instagram: https://www.instagram.com/letsgetreal
TikTok: https://www.tiktok.com/@danichiasson
Book in a call: https://calendly.com/strategicsuccess/lets-get-real-estate-20-min-chat

Listen in and subscribe for more.

You can also leave us a review and of course, don’t forget to share. I’m sure there are real people in your network who can take advantage of what they’re going to learn from the show.

Interested in becoming a guest on the show? Email admin@letsgetrealpodcast.com with the Subject: I want to be a guest! OR simply fill out: https://letsgetrealestatepodcast.com/be-a-guest/.