Ming Lim's guest appearances

Ming Lim

The Truth About Real Estate Investing... for Canadians

Property Profits Real Estate Podcast

Elizabeth Kelly

Mike Rosehart

Jared Hope

Wayne Hillier

Jay Gabrani

Georges El Masri

Rav Toor

Rich Danby

Scott Dillingham

Seth Ferguson

Cody Yeh

Aaron Moore

Susan Flanagan

Susan White

Paul Turgeon

OwlTail

Matthew Lee

Matthew Lee is the founder and managing founder realtor at Volition Properties. He is a thought leader and advocate who are passionate about the transformative change that real estate investing offers when done correctly. Having learned hard lessons from previously "chasing the shiny object" when investing in small towns, he has now created the Volition investing business model (an investment business model that actually works in the Toronto market) predicated on risk-mitigation, scalability, and resiliency, which he has taught to thousands of aspiring investors. Ming Lim is the head of the construction broker at Volition Properties and a passionate educator. He brings 20 years of real estate investment experience in Toronto, the GTA, and Southwest Ontario to the Volition team. He loves nothing more than to teach, mentor, and advise. His background in Computer Science from the University of Waterloo and construction experience give him a unique analytical lens on investing and a practical approach to implementing investing strategies. Are you interested in investing in the Greater Toronto Area? Do you like investing in high-priced markets? Join Matthew and Ming in this episode as they share with us the massive benefits of investing in high-cost markets. They talk about the different investment classes you can build your portfolio on and how to scale further to more sophisticated ones. They also include numbers and analysis of the different investment classes and how you earn more and lessen the time it takes to make profits. And they are not at all theoretical, for what they present is all based on their experiences doing it themselves. Besides, they have more sustainable strategies, risk-mitigated, a better tenant profile, and cash-flowing properties approach. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online): https://investorattractionworkshop.com/ What you'll learn in just 17 minutes from today's episode:  Find out what basic assets you can buy inexpensive markets that are considered a building block to creating your portfolio and scale higher to more sophisticated properties Discover how you can employ this strategy when investing in crazy expensive markets to maximize your return and minimize the length of time to scale higher Learn how you can do better even with limited cash flow in these expensive markets  Resources/Links:  Website: https://www.volitionprop.com  Topics Covered:  01:39 - What is Volition Properties and what do they do 03:48 - The core of their business and the work that Volition Properties do and how they go about it 05:54 - Why and how to invest in crazy expensive markets: the five key questions to ask when deciding to invest in Toronto 09:43 - Taking a look at the home price index to determine where the major economic growth is happening 13:18 - Understanding why there is continued in the Toronto market despite the pandemic 14:48 - Who are they [Volition Properties] targeting: uncovering their tenant profile 19:18 - How to bypass heavily tenant-favored law in Toronto 21:29 - Who are the buyers and where are they buying in Toronto 23:09 - Type of asset you want to buy especially if you're not a sophisticated investor 24:19 - The single most desirable feature to determine where to buy 25:57 - Best places to invest in Toronto 27:30 - Looking at investing beyond the financials and the return: 4 types of risk with an acronym of TIME 33:28 - The role of cash flow and when does it matter 37:39 - Employing the power of the multiplier effect in Toronto properties 42:48 - The bigger and better deals you can buy in Toronto that will have you cash flowing at the same time increase the value of property 49:14 - Transit analysis on turnkey properties 50:21 - More numbers and analysis on successful deals they have done in the past 51:19 - Doing better with limited cash flow 01:00:24 - People think they're investing, but they're actually gambling you  Key Takeaways: "When you were seeing Toronto average prices, it was really a tale of two cities where you're seeing downtown continue to grow and expand in price, but uptown, not growing at nearly the same sort of rate. That's why it's really important not just to be an expert in whatever city you're investing in, but an expert within the neighborhoods within that city." - Ming Lim  "A lot of times people are looking at the property, and then figuring out the tenant. And that's the wrong way to do it. As a business, you don't design the product and then figure out who you're going to sell it to. You're trying to figure out what your customer is? What do they need? And how can you fill that before you go and create a product and investing is no different." - Ming Lim  "The idea here is, in a higher growth market, crazy expensive market, let's call it you have the opportunity to buy a property, at10% growth, you only need to wait about two and a half years before you've built enough equity in that property through appreciation and mortgage pay down to refinance, do an equity ticket and go buy another life property." - Ming Lim   "How do you get those higher rents, and this is where you start hearing about things like renovictions, these big tenant advocacy groups start getting involved. We bypass all of that by just focusing on an inherently transient tenant profile right from the get-go." - Matthew Lee  "Transit is the single most desirable feature to help you determine where to buy." - Matthew Lee "When you're thinking about where and what to buy, we need to start thinking about expanding our criteria and broadening our thinking a little bit in terms of what is it that our renters want." - Matthew Lee   Connect with Matthew Lee and Ming Lim: Website: https://www.volitionprop.com  Connect with Dave Dubeau:  Podcast: http://www.propertyprofitspodcast.com/  Website: https://davedubeau.com/home  Investor Attraction Workshop: http://www.investorattractionworkshop.com/  Facebook: https://www.facebook.com/thedavedubeau  LinkedIn: http://linkedin.com/in/davedubeau   Enjoyed the Podcast?  Please subscribe on iTunes for updates

Matthew Lee is the founder and managing founder realtor at Volition Properties. He is a thought leader and advocate who are passionate about the transformative change that real estate investing offers when done correctly. Having learned hard lessons from previously "chasing the shiny object" when investing in small towns, he has now created the Volition investing business model (an investment business model that actually works in the Toronto market) predicated on risk-mitigation, scalability, and resiliency, which he has taught to thousands of aspiring investors. Ming Lim is the head of the construction broker at Volition Properties and a passionate educator. He brings 20 years of real estate investment experience in Toronto, the GTA, and Southwest Ontario to the Volition team. He loves nothing more than to teach, mentor, and advise. His background in Computer Science from the University of Waterloo and construction experience give him a unique analytical lens on investing and a practical approach to implementing investing strategies. Are you interested in investing in the Greater Toronto Area? Do you like investing in high-priced markets? Join Matthew and Ming in this episode as they share with us the massive benefits of investing in high-cost markets. They talk about the different investment classes you can build your portfolio on and how to scale further to more sophisticated ones. They also include numbers and analysis of the different investment classes and how you earn more and lessen the time it takes to make profits. And they are not at all theoretical, for what they present is all based on their experiences doing it themselves. Besides, they have more sustainable strategies, risk-mitigated, a better tenant profile, and cash-flowing properties approach. Checkout: Raising Capital Without Rejection Full-Day Workshop (Online):<a href="https://investorattractionworkshop.com/" rel="nofollow" target="_blank"> https://investorattractionworkshop.com/</a> What you'll learn in just 17 minutes from today's episode:  <ul><li>Find out what basic assets you can buy inexpensive markets that are considered a building block to creating your portfolio and scale higher to more sophisticated properties</li> <li>Discover how you can employ this strategy when investing in crazy expensive markets to maximize your return and minimize the length of time to scale higher</li> <li>Learn how you can do better even with limited cash flow in these expensive markets</li> </ul> Resources/Links:  <ul><li>Website: <a href="https://www.volitionprop.com" rel="nofollow" target="_blank">https://www.volitionprop.com</a></li> </ul> Topics Covered:  <ul><li>01:39 - What is Volition Properties and what do they do</li> <li>03:48 - The core of their business and the work that Volition Properties do and how they go about it</li> <li>05:54 - Why and how to invest in crazy expensive markets: the five key questions to ask when deciding to invest in Toronto</li> <li>09:43 - Taking a look at the home price index to determine where the major economic growth is happening</li> <li>13:18 - Understanding why there is continued in the Toronto market despite the pandemic</li> <li>14:48 - Who are they [Volition Properties] targeting: uncovering their tenant profile</li> <li>19:18 - How to bypass heavily tenant-favored law in Toronto</li> <li>21:29 - Who are the buyers and where are they buying in Toronto</li> <li>23:09 - Type of asset you want to buy especially if you're not a sophisticated investor</li> <li>24:19 - The single most desirable feature to determine where to buy</li> <li>25:57 - Best places to invest in Toronto</li> <li>27:30 - Looking at investing beyond the financials and the return: 4 types of risk with an acronym of TIME</li> <li>33:28 - The role of cash flow and when does it matter</li> <li>37:39 - Employing the power of the multiplier effect in Toronto properties</li> <li>42:48 - The bigger and better deals you can buy in Toronto that will have you cash flowing at the same time increase the value of property</li> <li>49:14 - Transit analysis on turnkey properties</li> <li>50:21 - More numbers and analysis on successful deals they have done in the past</li> <li>51:19 - Doing better with limited cash flow</li> <li>01:00:24 - People think they're investing, but they're actually gambling you</li> </ul> Key Takeaways: "When you were seeing Toronto average prices, it was really a tale of two cities where you're seeing downtown continue to grow and expand in price, but uptown, not growing at nearly the same sort of rate. That's why it's really important not just to be an expert in whatever city you're investing in, but an expert within the neighborhoods within that city." - Ming Lim  "A lot of times people are looking at the property, and then figuring out the tenant. And that's the wrong way to do it. As a business, you don't design the product and then figure out who you're going to sell it to. You're trying to figure out what your customer is? What do they need? And how can you fill that before you go and create a product and investing is no different." - Ming Lim  "The idea here is, in a higher growth market, crazy expensive market, let's call it you have the opportunity to buy a property, at10% growth, you only need to wait about two and a half years before you've built enough equity in that property through appreciation and mortgage pay down to refinance, do an equity ticket and go buy another life property." - Ming Lim  "How do you get those higher rents, and this is where you start hearing about things like renovictions, these big tenant advocacy groups start getting involved. We bypass all of that by just focusing on an inherently transient tenant profile right from the get-go." - Matthew Lee  "Transit is the single most desirable feature to help you determine where to buy." - Matthew Lee "When you're thinking about where and what to buy, we need to start thinking about expanding our criteria and broadening our thinking a little bit in terms of what is it that our renters want." - Matthew Lee Connect with Matthew Lee and Ming Lim: <ul><li>Website: <a href="https://www.volitionprop.com" rel="nofollow" target="_blank">https://www.volitionprop.com</a></li> </ul> Connect with Dave Dubeau:  <ul><li>Podcast: <a href="http://www.propertyprofitspodcast.com/" rel="nofollow" target="_blank">http://www.propertyprofitspodcast.com/</a> </li> <li>Website: <a href="https://davedubeau.com/home" rel="nofollow" target="_blank">https://davedubeau.com/home</a> </li> <li>Investor Attraction Workshop: <a href="http://www.investorattractionworkshop.com/" rel="nofollow" target="_blank">http://www.investorattractionworkshop.com/</a> </li> <li>Facebook: <a href="https://www.facebook.com/thedavedubeau" rel="nofollow" target="_blank">https://www.facebook.com/thedavedubeau</a> </li> <li>LinkedIn: <a href="http://linkedin.com/in/davedubeau/?originalSubdomain=ca" rel="nofollow" target="_blank">http://linkedin.com/in/davedubeau</a> </li> </ul> Enjoyed the Podcast?  Please subscribe on <a href="https://itunes.apple.com/ph/podcast/property-profits-real-estate-podcast/id1445202776?mt=2" rel="nofollow" target="_blank">iTunes</a> for updates

Podcast Special Episode_ Profitable Investing in CRAZY Expensive Markets with Matthew Lee and Ming Lim

Find out the investment strategy he started out with that had cash flow pouring in steadily for him, learn about how he turned a very old single-family home into a multi-family investment without paying developmental fees, and discover how cash flows are generated after renovations of single-family homes in super-expensive markets like downtown Toronto.    Resources/Links Rich Dad Poor Dad by Robert Kiyosaki  Meetup group: https://www.meetup.com/volition   Summary:  Ming Lim is the founder of Volition Properties, a real estate investment firm focused on Toronto. He began investing in real estate in 2001 and now has approximately 50 doors between him and his partners.  In this episode, Ming shared how he started his first deal in real estate and has grown his portfolio since starting with buying old single-family houses and turned them into duplexes, and triplexes without necessarily paying development fees. And after which he turns them into cash flow generating machines.  This is especially important in expensive markets like where Ming invests, like Toronto.  Topics Covered:  01:06 – What was his area of concentration in real estate when he started  02:02 – How Rich Dad Poor Dad book paved his entry into real estate  03:44 – How he does his multi-family strategy out of a single-family home   10:04 – How he avoids development fees when building a triplex  13:43 – The process of turning a single-family home into a duplex and eventually into a triplex  16:32 – The cost of renovations for single-family homes and how they generate cash flows after  Key Takeaways:  “Another reason why we actually went to this model, single-family homes turned into duplex and triplex because it was easier for us to scale one property generating nine thousand, ten thousand bucks is like easier for us to scale than it is to have to manage 50 or a hundred units.” – Ming Lim  “After we’ve done the renovations to refinance and get our money back, this is nothing more than a complicated strategy for us, but we get them rented out. And then we refinance and rents and these kinds of places are pretty good. Anywhere between 7,500, 8,000 for the property. So about 10,000 for the three units. So, we’re still cash flowing after we’re done.” – Ming Lim Connect with Ming Lim:  Instagram  LinkedIn  Facebook  Volitionproperties.com   Connect with Dave Dubeau: Property Profits Podcast www.davedubeau.com www.investorattractiondemo.com Facebook LinkedIn  Enjoyed the Podcast? Please subscribe on iTunes for updates

Find out the investment strategy he started out with that had cash flow pouring in steadily for him, learn about how he turned a very old single-family home into a multi-family investment without paying developmental fees, and discover how cash flows are generated after renovations of single-family homes in super-expensive markets like downtown Toronto.  Resources/Links <ul><li><a href="https://www.amazon.com/Rich-Dad-Poor-Teach-Middle/dp/1543626610" rel="nofollow" target="_blank">Rich Dad Poor Dad by Robert Kiyosaki</a> </li> <li>Meetup group: <a href="https://www.meetup.com/volition" rel="nofollow" target="_blank">https://www.meetup.com/volition</a> </li> </ul> Summary:  Ming Lim is the founder of Volition Properties, a real estate investment firm focused on Toronto. He began investing in real estate in 2001 and now has approximately 50 doors between him and his partners.  In this episode, Ming shared how he started his first deal in real estate and has grown his portfolio since starting with buying old single-family houses and turned them into duplexes, and triplexes without necessarily paying development fees. And after which he turns them into cash flow generating machines.  This is especially important in expensive markets like where Ming invests, like Toronto.  Topics Covered:  01:06 – What was his area of concentration in real estate when he started  02:02 – How Rich Dad Poor Dad book paved his entry into real estate  03:44 – How he does his multi-family strategy out of a single-family home   10:04 – How he avoids development fees when building a triplex  13:43 – The process of turning a single-family home into a duplex and eventually into a triplex  16:32 – The cost of renovations for single-family homes and how they generate cash flows after  Key Takeaways:  “Another reason why we actually went to this model, single-family homes turned into duplex and triplex because it was easier for us to scale one property generating nine thousand, ten thousand bucks is like easier for us to scale than it is to have to manage 50 or a hundred units.” – Ming Lim “After we’ve done the renovations to refinance and get our money back, this is nothing more than a complicated strategy for us, but we get them rented out. And then we refinance and rents and these kinds of places are pretty good. Anywhere between 7,500, 8,000 for the property. So about 10,000 for the three units. So, we’re still cash flowing after we’re done.” – Ming Lim Connect with Ming Lim:  <ul><li><a href="https://www.instagram.com/investorming/" rel="nofollow" target="_blank">Instagram</a> </li> <li><a href="https://www.linkedin.com/in/investorming/" rel="nofollow" target="_blank">LinkedIn</a> </li> <li><a href="https://www.facebook.com/VolitionProp/" rel="nofollow" target="_blank">Facebook</a> </li> <li><a href="http://www.volitionprop.com/" rel="nofollow" target="_blank">Volitionproperties.com</a> </li> </ul> Connect with Dave Dubeau: <ul><li><a href="http://www.propertyprofitspodcast.com/" rel="nofollow" target="_blank">Property Profits Podcast</a></li> <li><a href="https://davedubeau.com/home" rel="nofollow" target="_blank">www.davedubeau.com</a></li> <li><a href="http://www.investorattractiondemo.com/" rel="nofollow" target="_blank">www.investorattractiondemo.com</a></li> <li><a href="https://www.facebook.com/thedavedubeau" rel="nofollow" target="_blank">Facebook</a></li> <li><a href="http://linkedin.com/in/davedubeau/?originalSubdomain=ca" rel="nofollow" target="_blank">LinkedIn</a></li> </ul> Enjoyed the Podcast? Please subscribe on <a href="https://itunes.apple.com/ph/podcast/property-profits-real-estate-podcast/id1445202776?mt=2" rel="nofollow" target="_blank">iTunes</a> for updates

Making Houses Cash Flow in Stupid Expensive Markets with Ming Lim

On to this week’s guest, he’s an old friend from REIN and his name is Ming Lim.  He’s a real estate developer, investor in Waterloo and Toronto, Realtor, smart guy who just left his full time job to be in real estate full time.  I know a lot of you out there are looking for a path out of your full time job and Ming is here to share his along with how he’s able to cash flow in Toronto. Ming and his friends are also hosting a conference that’s coming up really soon: February 1st and he’s here to share about that too. Details are in the show notes so go check them out. Website is www.volitionprop.com/quickstart

On to this week’s guest, he’s an old friend from REIN and his name is Ming Lim.  He’s a real estate developer, investor in Waterloo and Toronto, Realtor, smart guy who just left his full time job to be in real estate full time.  I know a lot of you out there are looking for a path out of your full time job and Ming is here to share his along with how he’s able to cash flow in Toronto. Ming and his friends are also hosting a conference that’s coming up really soon: February 1st and he’s here to share about that too. Details are in the show notes so go check them out. Website is <a href="http://www.volitionprop.com/quickstart" rel="noopener nofollow" target="_blank">www.volitionprop.com/quickstart</a>

Cash Flow In Toronto, Executive Condos, Triplex Conversions with Ming Lim