Property Profits Real Estate Podcast
Business:Investing
Learn how Michael progressed in his real estate career from one strategy to another, find out how Michael brings investors on board, and discover how ‘Build-to Rent-Communities’ is becoming a hot property trend today.
Resources/Links
Summary:
Michael Kharlab is a co-founder of CFP Group, a real estate investing company based in Toronto, Canada. He helps busy professionals in building their wealth by using the best investment vehicle available – real estate.
He spent 20 years in IT and Telecom industries and after several years of investing in real estate part-time he was able to leave the corporate world and become a full-time real estate investor and educator. After changing his own life, he is committed to changing the lives of other people and helping them create the wealth and lifestyle they and their families deserve.
Topics Covered:
01:07 – What led him to the real estate path
03:22 – How did he progress in his real estate career after having two condos
04:35 – Taking a look at his duplex conversions
05:29 – How he ventured into the US market
08:58 – What is development deals
10:47 – How much rent do they charge for townhomes as compared to a traditional rental home
14:28 – How does he get investor partners on board
Key Takeaways:
“One of the very popular trends today is something called co-working. We would create a shared office space in a building; and that’s going to be probably for small companies that come just to work and also for medical purposes, medical offices, that’s what it’s meant to do.” – Michael Kharlab
“There is also what we call co-living, as well. It’s mainly for students. There are many students in downtown Phoenix today and they need a place to live. So we were trying to convert some of the floors of the building to smaller rooms for students to share.” – Michael Kharlab
“The build-to-rent concept around the community, if you are the investor who buys, it is buying a turnkey business that is already set up with triple-A tenants, low maintenance, brand new – so nothing breaks and it’s warranted for the first 12 months.” – Michael Kharlab
“How to get investors? For me, it has been referrals, and when marketing to the cold market, we need to be very careful of compliance. People who work with us introduce us to new people, and there’s a process we go through. We qualify and make sure people know what they’re doing and not putting in the last money.” – Michael Kharlab
Connect with Michael Kharlab:
Connect with Dave Dubeau:
Enjoyed the Podcast?
Please subscribe on iTunes for updates
Northern Pioneers: Real Estate Riches in Edmonton and Beyond with Ian Webb
Unveiling the Cash Flow Blueprint in Belize Real Estate with Linda Hayes
Brothers spreading investments Across Ontario and Beyond with Aifor & Aitorv Mendez
Calgary's Potential through Strategic Moves, Fundraising Triumphs with Liz Hale Boyes
Navigating Real Estate Riches Amidst COVID-19 Challenges with Pankaj Dhir
From Side Hustle to Real Estate Riches with Lauren and Robert Belz
Journey to $8,000 Monthly Surplus in Two Years with Brandon and Dani Tilson
From Broke Student to Millionaire in 2 Years with Varun Batra
Redefining Affordable Living - Mobile Home Parks Unveiled with Landon Clost
Unveiling Real Estate Secrets and Life's Purpose with Jordan Capiral
Coastal Escapes Unveiled - Short-Term Rental Mastery with James Kang
Condos, Canoes, and Collingwood with Colin Ballantyne
From Hesitation to Hustle with Keith Daniel
Making Moves South of the Border with Amanda Spence
Unveiling the Tech-to-Real Estate Transition with John Todderud
Unveiling Real Estate Triumphs with Former Railroader Kenneth Clark
Deal-Making and Relationship Building with Kenny Reimer
Unleashing BRRR and Smith Manoeuvre in Alberta Real Estate with Art Kitchener
Navigating Wealth Through Commercial Real Estate with Michael Choe
Unlocking Real Estate Riches Beyond Vancouver with Pamela Grabowski
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
Aligned Money Show
Dubai Property Podcast
IBKR Podcasts
The Ramsey Show
The Clark Howard Podcast