Real Talk With Gary - Real Estate Investing
Business:Investing
#131: Adelaide & Renate Carriere - Never Too Young, Never Too Late
On this week’s show Gary chats with Adelaide Carriere and her grandmother Renate, who bought their first investment property together. This episode is for new investors, or those considering getting into it. If you’re 18 or 60, this show talks about the basics and fundamentals of investing, searching for a property, screening, property management and more! Adelaide started as the admin at Smart Home Choice, and became interested in becoming a real estate investor by asking a lot of questions, and deciding to invest at age 18!
WHAT YOU’LL LEARN:
Adelaide’s Bio
Adelaide Carriere is a 20-year-old entrepreneur, real estate agent & real estate investor on a mission to lead with intent, inspire people, and innovate.
As a young girl, Adelaide loved to read books and would take any opportunity to learn from the people around her. At age 12, Adelaide picked up 2 books that would change how she saw the world & reshape her mindset. The Secret by Rhonda Byrne and Rich Dad, Poor Dad by Robert Kiyosaki taught her the importance of financial literacy and a positive mindset. After reading both books several times, Adelaide knew her purpose was something greater than she’d imagined but didn’t know where to start.
Adelaide was accepted into university but decided to pursue real estate instead and completed the Humber Real Estate Salesperson program in 2021. Her initial interest in real estate began in March 2019 while employed at Smart Home Choice. One day Adelaide asked at what age she could begin investing and Gary revealed that she could start now if she wanted to. The conversation propelled her on a journey of determination to see if it was true that she could own property despite being young, financially unstable, and unable to qualify for a mortgage.
October 2019 while at an event featuring the world’s best motivational speaker, Les Brown, Adelaide was introduced to Mathew Frederick, a real estate investor with over 30 years of experience and many mentees. After a little persistence, Mathew agreed to mentor Adelaide as well.
With the support and encouragement of her mentors, Adelaide convinced her grandparents to take a chance and invest with her. Now, she and her grandmother Renate, are on a mission together to create generational wealth and encourage others to do the same. Their goals are to show people under 30 that they don’t necessarily need to follow what society says and should feel comfortable taking a chance, while showing people over 30 the importance of building generational wealth for their families.
In March 2020 during the Covid-19 pandemic, Adelaide & Renate partnered to purchase their first investment property in Pembroke, Ontario.
Renate Carriere was born in the Czech Republic and was 13 years old when her family immigrated to what they called “the land of opportunities,” bringing only a suitcase and being unable to speak the English language. As her family attempted to establish a new life in Canada, Renate watched how her parents purchased land near water to build a cottage, purchased their primary home, and then several rental properties. Renate saw it, but never knew HOW it was done.
Growing into a young and curious adult, she became an entrepreneur and this spirit followed Renate throughout her life. She’s had businesses from cleaning, pizza takeout, to owning a working farm.
Aside from her parents, Renate’s first experience investing in real estate began when she and her husband purchased land and built a home in Pickering, Ontario. The home consisted of one 2-level main unit, and 2 lower basement units one under the other (as the home was on a hill.) After considering the benefits of her own previous real estate investment, she decided to take a chance (now 37 years later) and invest with Adelaide as she trusted that Adelaide had the knowledge and tools that could contribute to a successful partnership. Renate plans to grow their portfolio and educate the rest of her grandchildren on the benefits of real estate investing.
Website/contact info for guest
Instagram: callmeadey
Web: https://www.workwithadelaide.com
Resources:
The Secret
Rich Dad Poor Dad
This episode proudly sponsored by AGHI Home Inspections and Brian Daley.
Whether buying or selling a property, AGHI recognizes that the process can be stressful. It is critical that any decision you make be one that is based on knowing all of the facts. Purchasers, vendors, insurance companies and lending institutions have come to recognize the professionally trained residential home inspector as a credible source of key information vital to making these decisions, and AGHI has been doing it for over 15 years!
Contact http://www.bookahomeinspection.com or call (416) 526-7482
Interested in learning more about Real Estate Investing? Visit https://www.smarthomechoice.ca
To learn more about Gary’s mentorship program, visit https://garyhibbert.ca
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#98 - From Subsidized Housing to Multi-Millionaire w/Edna Keep
#97: From War-Torn Refugee to Multi-Million $ RE Empire Using $0 w Sve Pavic
#96 - Transforming Real Estate Investing Into A Business w/Elizabeth Kelly
#95 - The Mindset Required To Succeed in RE Investing w/Rene Masse
Episode 94 - How To Armageddon Proof Your Life w/Alfonso Cuadra
Episode 93 - The Art to Scaling a Real Estate Empire w_Jas Takhar
Episode 92 - A Peek Behind The Curtain with SmartHomeChoice w/Chris Hummell & Quinton Cordick
Episode 91 - Real Estate Investing at a Distance w/Jared Henderson
Episode 90 - Becoming Well Off with Real Estate Investing w/Georges El Masri
Episode 89 - Building An Empire With Butler Mortgages w/Dave Butler
Episode 88 - Investing In Cottages In The Kawarthas w/Sarah Larbi
Episode 87 - Creative Investing Strategies & Understanding the Edmonton Market w/Wayne Hillier
Episode 86 - Finding The Unfair Advantage Over Your Competition w/Ryan Carr
Episode 85 - The $39 Million Dollar Woman w/Mandy Branham
Episode 84 - Market Fundamentals & the New Economy w/Andrew Hines
Episode 83 - Over 200 Residential Units and Counting w/Mark Loeffler
Episode 82 - The Life of a Millionaire Mom w/Susan White Livermore
Episode 81 - How To Wholesale In Ontario w/Alex Kouramanis
Episode 80 (Archives) - Classic Financial Planning Mistakes w/Kathleen van den Berg
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