Adventures in Real Estate, Horse Back Riding, Modeling Gigs, Butter Coffee and More with Rock Star John Paul Gulbis

Transcript

Tom Karadza: 00:00:00 Everyone, it’s Tom Karadza and on this episode we have Rock Star coach John Paul Gulbis sharing some stories with us and we do hear some of his story. I mean at this point together, we’ve done over a billion dollars in investment real estate here with a different real estate investors over the years and we’ve seen everything and it’s why when people come up to us and then they say, oh my gosh, I have this real estate problem. We kinda, you know, nothing is really even a problem anymore. It doesn’t even really surprise us or shock us and you’ll understand a little of that when you hear John Paul or jp tell his story of one of his first investment properties really early on in the podcast. So we talk about real estate upfront in this podcast and we talk about some of the latest investing stuff he’s working with with investors here at Rock Star.

Tom Karadza: 00:00:41 Towards the end of the podcast and in the middle we talk about some of his modelling background, some horseback riding, even some P90X if that means anything to you, a bulletproof coffee and some coffee strategy. So in the middle that we kind of go all over the place, so we begin with some real estate stuff and end some real with some real estate stuff. John Paul’s a great guy and you’ll get to know them on this episode and before we get into it, if you’re listening to this and you want some information about property prices versus income levels. It’s data that we’ve put together over the year that absolutely shocks us. We call it the destruction of the middle class and how incomes which you use and are necessary to buy property are not increasing as fast as asset prices like real estate and we mapped out the stats Canada data on income levels here in Canada and map them against Toronto real estate prices here in Canada and it’s not a perfectly fair comparison because it is Canadian incomes against Toronto prices.

Tom Karadza: 00:01:34 So there is a little bit of a difference there because of the Toronto real estate. Prices are definitely not representative of the Canadian average, but it does give us or give us a little insight into really what’s happening between income levels and property prices. If you want that you can go to, if you want that report, sorry, you can go to rockstarinnercircle.com/nomoremiddle. So rockstarinnercircle.com/nomoremiddle. And in that report, we also have maps of the golden horseshoe and the greenbelt and how the density is filling up within the golden horseshoe. And we how we use that as a little bit of a treasure map when we’re looking to buy properties. I can’t even speak this morning. Um, so there you go. So, Rockstar, inner circle.com. Forward slash no more middle. And with that, let’s get on with the show.

Announcer: 00:02:20 Are you ready to live life on your terms? Is it time to take charge of business? Building the economy, health and nutrition and more. It’s The Your Life! Your Terms! Show with Tom and Nick Karadza. Are you ready? Let’s go.

Tom Karadza: 00:02:47 Good level you. It’s, it’s a perfect level. So Nick’s going to walk in. I’m going to leave that mic live. We are live. John Paul Gulbis known within Rock Star as JPG because have multiple John Paul’s in here. That all gets short formed down to jJP and then you somehow inherited JPG based on your last name and now we just call you JPG

JPG: 00:03:09 if you don’t mind it. I don’t mind it. And it’s funny. Some, some, uh, some of the investors when, when they’ll be like messaging me, they’ll actually say, hey, JPG. No. Yeah, that’s just kind of a chocolate bunny.

Tom Karadza: 00:03:22 Um, so we were just, just before we pressed record here, it went live. We were just talking about when jp met us and he was going to come and work with us and make some quick and easy money in real estate in about, for what? Like 18 months maybe.

JPG: 00:03:34 I asked how long was the minimum that I could or what was the minimum timeframe that I could work, a thinking that I would come in, swoop in, make 100 grand and bounce. And uh, yeah, that didn’t happen. What did you say? Uh, I think you said 18 months. Yeah. And it’s funny knowing how young like 10 years ago, I can’t see myself sitting there seriously saying you must make a 10-month commitment to our, sorry, 18-month commitment to us, John Paul. And then I think, um, yeah, I had grossly underestimated how long it would take to actually make money.

Tom Karadza: 00:04:08 Oh my God. So yeah. Okay. So if, if you’re not familiar with JPG or John Paul Gulbis sitting here, he’s now. We’ve worked together here at Rock Star for over 10 years. He’s one of the, you know, the best Rock Star coaches here at Rock Star. Um, and I just mean that because he’s done so much, been through so much, um, well we think we’re going to do next time, we should have the accurate number, but we think over $100,000,000 of investment real estate that you directly have worked with real estate investors on, um, since you’ve been here. And what makes that interesting to me is these aren’t like $2,000,000 properties. These are all, you know, little income properties and they’ve all added up to over $100,000,000, which is ridiculous that you’ve worked on that much real estate at this point, but I’ll never forget that the day you started with us, we had done a training class, like an introductory class here at Rock Star for new investors and you came to the class and at the end of the class you must have passed us a note or someone left a note. Do you remember this?

JPG: 00:05:00 It’s the signup form. And I think it was different back then because on the back I believe it was blank. And so I just wrote this big thing. I was like, I know what you guys are doing, like investing, I love your marketing and I hate my broker where I’m at and uh, please let me know. Let me join or let me talk to you guys or whatever. And uh, yeah, you, you were generous enough to let me sit down and.

Tom Karadza: 00:05:22 Right. Well, I remember to take us and no, I think we were just so, I don’t want to just say, I think we were just desperate at that point, but what we put you through, we took the note. I remember getting that note. I’m going to nick and saying liquid this guy wrote and it was just what you said, you know, I know what you guys are, I know your style of marketing. I kinda like it and I want to work with you guys and I remember you came in and uh, Nick’s walking in here, so we’ll let him grab the mic and you walked in and uh, we, you and I sat, sat down together and you told me a couple of things that were like, baffling my brain. First of all, you were saying like you train a horse or you train people or you work with horseback riders to jump these obstacles. What’s it called? Showjumping. Showjumping. Thank you. You, you did it yourself and you train people.

JPG: 00:06:03 Yeah, I mean, uh, not professionally but, but, uh, it’s been something I’ve been doing pretty much my whole life. Yeah, started when I was 10, so it will be 30 years coming up on my neck,

Tom Karadza: 00:06:17 so I had never, I’ve never met anyone who did that. And then you said, yeah, I’m also doing a, you know, a little bit of modelling jobs on the side. I think you were trying to earn some money and I was just trying to make. I was trying to make quick. You were hustling and then uh, I went back to talk to Nick and I don’t know, this guy seems like a pretty good guy except I don’t know what to make is as, he’s a model modelling and he’s like trains horses or something that I don’t quite understand, but I don’t know. He doesn’t scare me off. My gut feeling is that he’s good. And Nick, nick, he looked at me and I think we just looked at each other like I guess. Yeah, let’s, let’s say I remembered you. I think I came over to meet you after and I remember, I don’t know if this was the first time or second time I forget, but I do remember the first time I met you because I was at our old office and one of those little kind of meeting cubby things and um, I don’t know, I think sometimes you can just get a sense of a person and sometimes it’s wrong first impressions, but I just kind of, at that time we were just like, today we’re just kind of looking for good people to work with someone.

Tom Karadza: 00:07:17 Someone’s a good person. And he just was like, yeah man, that seems like a really cool guy. He like, yeah,

JPG: 00:07:23 remember that meeting a distinctly and I don’t, I don’t know why, but actually remember exactly what I was wearing.

Tom Karadza: 00:07:29 Yeah. So odd because I think it was like one of my best, like, like dress shirts. I was trying to let God you didn’t have to. Yeah, we don’t know we’re the wrong guys that do. I’m impress with that kind of stuff. And then. And then we didn’t. You didn’t work with investors right away because we forced you to become an investor yourself. We’re like, hey jp, you gotta go buy a property yourself. In the meantime, we want you for any investors we’re working with that have vacant properties, we want you to find tenants for them. And I mean there’ll be a fee of course and stuff. And you did that for like a year and a half and I mean there’s very little money in that and we didn’t even realize how little money maybe you would make for that first year. Like, I don’t even know how you survived.

JPG: 00:08:09 Yeah, I mean I had a. So before I had done like a couple, like little flips with a, with a friend of mine and, and didn’t really make any money at all. And then the deal was a. But we were like, we had gone to the rich dad poor dad thing and we’re like, oh, we’re doing this, you know? And uh, then yeah, one of the prerequisites as well, the way you gotta actually still own property. So I had to go do that. And it was during that,

Tom Karadza: 00:08:36 it was good that you’re looking to try to make ends meet and to be able to do it where like here, go spend all this money to buy a property. That was nice at that point. It wasn’t,

JPG: 00:08:44 that part wasn’t as difficult at that time. Um, but, uh, yeah,

Tom Karadza: 00:08:48 properties, why it’s expensive, but it payments question was, okay, so how long

JPG: 00:08:52 until I make money and you guys are about two months. I was like, okay, I can do that. Eight months later I was,

Tom Karadza: 00:08:59 yeah, we didn’t even really know what we’re talking about at that time. I think two months is that you said that I just say two months you would start making money. I asked this. So about two months. You’re like, yeah, you know what we tell people I don’t like 18 months. His business. Two months. Okay. So maybe we learned from you. So. But you know what, the good news in all of this as though you have been such a great asset to real estate investors because of all the stuff that you went through, you know, you bought a property, didn’t know what you were doing, you know, you had those flips before that. Then you, uh, we forced you to find tenants for vacant properties. You have to go run advertisements, deal with tenants. So by the time you started working with investors, you had like all this experience. So it kind of worked out.

JPG: 00:09:37 Yeah. That first, uh, that first rent to own property? Yeah. Went through a few of, like three different, like sort of major, major problems.

Tom Karadza: 00:09:46 Is that the first rental property where you had that suicide situation? Correct. Okay. So yeah, if you’re listening to this, this is, this is when everyone tells us when people come up to us and they’re like, you know what, I got a big problem with my property, you, I’m going through a little bit of a mess. And we’re like, you know what? I don’t know what’s your problem and try us. Because I think at this point we’ve seen houses burned down, we’ve seen suicides and properties, but yeah. Why don’t you describe what you went through on this product?

JPG: 00:10:08 Yeah. So, so, uh, it actually started before we even took possession a where the financing, uh, what had happened, the friend that were bought the house together, he had had a little issue with the CRA and some of the down payment money got frozen in account right before closing. So we had to scramble to come up with a down payment. And then the insurance, uh, the guy that was going to do the insurance, um, he, he just vanished basically. And uh, we said, hey, we’re, we’re, you know, do we have the policy? Like we got close and coming up. And he’s like, Oh yeah, we’re not giving you the policy because we think that there’s a best deciding, uh, on the side of the house. And he didn’t even tell us. He was like, yeah, I’m off fishing. So then we were scrambling trying to, like in the last two days, trying to find another insurance company to give us a policy to close.

JPG: 00:11:02 And then it, and then it closed, I think a week late or something like that, but it all kind of worked out. And Mike was my coach at the time. Uh, yeah. And then a week in a we went out to the property to start showing it. And uh, yeah, we had like four families, a Waterloo literally. Yeah. Yeah. And uh, we get there, we, we opened the front door, go away. And it’s the first time you’re showing it. Uh, it, uh, pretty much I think. Yeah, I mean we’ve may have showed it the weekend before, but we’d only had it for like a week and then we, uh, we went in and the place was just like burning hot inside. And I was like, I told my friend, I’m like, man, didn’t you like, did you not turn the furnace down? Because this was like early April, so it’s still pretty cold.

JPG: 00:11:48 And he’s like, no, I totally did. I absolutely did. And he’s like, well, it’s boiling hot in here. And then all within probably 30 seconds I noticed that the door going into the garage was kind of open. And then the framing was kind of broken a little bit and so I looked inside and then there was like some insulation from the ceiling that had come down and it was the back window of the garage door was broken and so this is all happening very quickly. And then I’m like, Oh man, we got broken into. And so literally the weekend before, uh, the, the home came with, uh, a home theater system. And so we had just bought like a, a ceiling mounted movie projector. So we’re like, God damn it, we just spent 700 bucks on this thing and it’s the only thing of value. So I ran downstairs just to make sure it was there and I didn’t even turn the lights on.

JPG: 00:12:35 I could see the red light, it was still flashing on the ceiling. I’m like, okay, perfect. So I turned to go into the laundry room and there’s a guy on his hands and knees and he’s crawling underneath the stairs. So I immediately was like, oh my God. I ran up to fight. At that point I just kind of like ran. I was like, oh my God, I don’t know what’s going on. So I ran upstairs, close the door. I’m like, Hey Mike, you know, we’ve been broken into and the dude is still in the house. Did you have tenants looking through the house when you were there to show the property? We were there to show the property, so they were a little bit early just to turn the lights on or whatever. And then so we phoned the police and um, uh, we barricade the door, uh, Mike goes out and he, he phones the police anyway, it took about 20 minutes for the cop to actually show up between that time, like for families roll up.

JPG: 00:13:23 And we, of course, we had to tell them like, I’ve got someone in the basement, we can’t let you in, you know, uh, going through the rest of the what? What’d you tell him? You said that someone broke into the house? None of the basement. Yeah, I think he did. Yeah, he did. They didn’t turn around and leave. They still look through the house. Uh, well what happened was, is that they were like, well, can we look at the backyard? So Mike actually came in and got the, like we had these little feature sheets and so they went around to the back, they checked with the yard and then we kind of had to send all of them away except for one guy he stayed and he left his family in his van out on the road. He came and he’s like, do you mind if I just look at the main level?

JPG: 00:14:00 I guess? I guess so. Yeah, sure. And, um, did you tell this guy there was somebody in the basement? Oh yeah, he knew, he knew. Yeah, for properties, right? Yeah. Oh my God. And uh, you know, and, and actually before people started showing up, I forgot this part, we heard some shuffling in the basement and we thought, oh man, here he comes. So we’re both standing at the door, like barricading the basement door and see barricaded. What did you barricaded within the garage that was like, you know, those old, like a kind of frame, like things like, four sawhorses almost like, yeah, so there was an old one of those that the previous owner had just left there. So we just use that to the door and you know, there’s two of us and we’re pretty big guys. Like I don’t know, but you never know what’s gonna happen.

JPG: 00:14:44 But um, anyway, so, the police finally arrive after pretty much sending everyone home and you know, Waterloo regional police, he’s, you know, he, he, he’s saying come out or whatever, their silence. So he goes down the stairs, they flips on the light and he’s like, Oh shit. He’s hanging, like I remember those distinct words. And then yeah, he cut them down. He was God the competition went there and cut the guy down. Yeah, he had. He. So that shuffling was him. Yeah. He had found a bungee in a, in like a drawer in the laundry room. And Yeah, he had just attached to one of the floor joists and the ceiling and uh, yeah. So he knew how to make one of those things that would like. So yeah, I mean the basically what I’m talking about a news, but pretty. Yeah, pretty much that’s what it was.

JPG: 00:15:31 And then, um, uh, you know, within five minutes it was CSI, like those fire trucks, ambulance, like cops. It was crazy and a dead. Oh yeah, yeah. He was dead. And um, were you freaked out? Yeah, we were like, Whoa, like, it’s all happening so fast, you know, and uh, and then, but what, when they got there, they, they, you know, within not very long, they’re like, look, we know who this guy is. He, we actually picked him up squatting at another vacant house, one exit down the highway. So they knew who he was, probably. I think, you know, he had some mental health issues of course. And uh, and then we got a call about a week or two later and the detective on the case was like, yeah, we were looking through the file, we were comparing notes to the other house that he had broken into and he had damaged our furnace. And so what he was asking, he was actually trying to kill himself by taking the exhaust off of the furnace and just letting it pump into the basement and he would. But that would’ve taken them like a week and be like, so and then I guess we rolled up, blocked him in the basement and I felt bad after. But what are you going to do?

Tom Karadza: 00:16:38 No, we’re just reacting. You’re trying your own safety to. I didn’t know if he had a knife walking around the house at the same time that you don’t know there to look at the property. I mean there’s

JPG: 00:16:49 totally. So anyway, I kind of like, you know, had a little bit of a, you know, he had to think about it quite a bit. But anyway, it’s hard to process. Yeah, a little bit. Yeah.

Tom Karadza: 00:17:00 But anyway. And then he went and told other investors. Investing was a great idea. Then when you went to rent that property out, you have to disclose that that happened

JPG: 00:17:08 property. How is that tech? Technically it wasn’t a crime. We called the lawyer and he said, technically you don’t have to, but I would strongly advise you to do that. So that’s what we did. Um, and it just so happened that the, uh, the tenants that we put in there, he worked at a meat processing plant, wasn’t squeamish, squeamish about those things. And then she worked in an old folks home and saw people pass away all the time, so they just didn’t care. So yeah. And I worked out.

Tom Karadza: 00:17:34 Yeah, I know someone that, that there was a death in the house. I don’t know, I don’t remember it being a more like, I don’t think it was a crime. Yeah, I think it was natural causes or something and it caused the house to sit a little bit because some people didn’t want it. And um, he ended up getting it with his, uh, with his girlfriend at the time and you know, he didn’t phase him at all. They put some sort of dollop in the garage or something to represent the ghost in the house. Like he just took it to even another level. Uh, so some people don’t. That stuff doesn’t bother them at all. I’m sure others not a big fan of it. Right. So when you, when investors come to you now with a problem that you don’t break out that story right away, probably just petrify them

JPG: 00:18:12 actually. Sometimes I do, depending on their personality. I’m just like, look, I think we’ve. And not only that, but after all these years, it’s like, come on, what’s the problem we can get,

Tom Karadza: 00:18:22 you know, everything at this point. I want to back up a second. The whole modelling thing. How does that business work? You just, their jobs are advertised. You go and say, yeah, I’ll, I’ll, uh, I’ll apply you, walk in people just stare at you and see if you’re a good fit because you ended up being on one of those belts and pedicle billboards in British Columbia. No, like the only people we know like saw year big face on this. I still have that you have received. Not that you have a big face, but uh, you know what I mean?

JPG: 00:18:49 Yeah. So I actually, I tried it a couple times with a couple different agencies in the first two were not good and then I went to like a really good one and then I started.

Tom Karadza: 00:18:59 Why, why was it really good? Because they actually had the contacts that we’re calling them to actually do business, real business

JPG: 00:19:06 and, and so, uh, basically you go there, people take your picture. Yeah, well you have to go out on your own and get like a portfolio made. And then um, uh, so I did that and then you basically just give it to them and you have to get these little comp cards put together. Uh, and then basically they, they, when companies call them, um, for the type of sort of model that they’re looking for, then they’ll say, okay, we’ll check these people out and then they’ll send you on auditions. And uh, if you get picked from the audition then you get the Gig. But it’s a lot of go audition and don’t get the Gig. So it’s a lot of running around. And then they also want you to show up with basically like what they want you to wear and if you don’t own it, like I had to go buy it. So it was really annoying because it would take so much time to like go buy it, go to the audition, which was always in Toronto and I live in St Catharines and then drive. And if you don’t get it, well regardless, I’m going to return the stuff anyway. So

Tom Karadza: 00:20:06 slightly less percent because otherwise, I mean it’s just so good. Yeah. So okay. Yeah. You’re hustling. So then, and then the horseback stuff like you were, how did you get involved in that? Such an early age? I just loved it. I don’t know what your family owned horses?

JPG: 00:20:27 No. Uh, I don’t know why to be honest. But I saw the movie, the Black Stallion, I think when I was like three years old and I was just like mesmerized by horses and then, um, yeah, that, that was pretty much it. And then, you know,

Tom Karadza: 00:20:42 they are majestic creatures. Like I remember when our, when our grandfather in Croatia there had a white horse and I remember when that horse would walk up next Gen, but just looked at the size of the muscles on this animal just and the way it moves. It just very kind of like proper and a not intimidating, but you kinda respect the animal like a lot different than like a cow or a pig for some reason. I know this sounds ridiculous, but just when a horse approaches you, there’s something about the energy. I know that sounds crazy, you know, there’s something about the energy of the horse, the way it carries itself while you’re talking to a horse guy. So He’s, I know he’s going to agree with, I agree with you, but then it’s a white horse. This was a beautiful horse, like, Oh man, it was just a beautiful horse. No,

JPG: 00:21:23 I mean I think it’s just through the, the process of domestication over the last however millennia this they’ve become kind of partners in a lot of things and it’s only very recently that we haven’t used them for stuff if you look back. So, uh, yeah, they just have a presence.

Tom Karadza: 00:21:41 I think I will tell you how it starts because I started with my daughter recently, so she came to me and Diana, my wife, and she’s like, I want to do horseback riding. And we said, okay, this will cost us. And then she started doing horseback riding. So it starts as simply as that. Your daughter’s lucky and I’m banking on you to train some horses that I can buy for cheap or something. I didn’t know Tom. Tom’s waiting for me to buy a horse. I want Nick to buy a horse really badly. Well, uh, I can hook you up. Trust me. I know. How much, how much does it cost for nick, for his daughter? A good horse. A donkey. I’ll take a donkey. No different. Different.

JPG: 00:22:17 Um, your daughter is what? Eight?

Nick Karadza: 00:22:20 Eight, but she can’t… wait hold up. We’re getting way ahead of ourselves here. But I’m curious, how much does a good horse? Well, good is, is I know relative, but like, I dunno, she’s eight. No, no, no, no. She wants a horse. Tell me how much.

JPG: 00:22:32 Eight. It’s probably between five and 15 for or something.

Tom Karadza: 00:22:40 It’s like a season of hockey. That’s good. Thousand by the time you put a boy in hockey, in tournaments and stuff like that. Wrap some extra ice time. That’s just the horse. No, this is why I want Nick to buy it because I wanted to see him by something that he then has to toss money at regularly. Your food. I’m not going to get money from the bank and crumple it up and make the horse eat the money because it’s going to be a better, a better story than for it to eat the Hay. Literally, eat money. Yeah. But yeah, no,

JPG: 00:23:12 I, we didn’t have money growing up so I actually got a paper route when I was 10 years old and uh, paid for my own writing lessons and then a pretty much a year to year and a half after that. I just started working at the stables every weekend from like 7:30 in the morning until 4:30 in the afternoon and was making a little bit more money and then I would just pay to, to be able to ride more.

Tom Karadza: 00:23:34 That’s cool. And then when do you start? At what age do you start jumping with these horses?

JPG: 00:23:38 Oh, I mean, right away within the first few months. So you’re like 10 years old. You can jump this with this and I think it’s when you’re younger too, because your muscle memory is just like any sport, you know, you’re gonna you’re gonna catch on faster yet.

Tom Karadza: 00:23:51 And then have you ever got tossed from a horse? Were you running up to something? It’s like, nope, I’m not going over. And it just throws you over.

JPG: 00:23:56 Yeah, 100 percent done for you. You know, lately it hasn’t happened too often. I’ve been pretty lucky to be honest. But uh, occasionally it will happen, you know, they’ll, they’ll be like, just that some just are dirty, you know, and, and, and they’ll just get like, you think all is good and then they just Bam, boom. Yeah, they’ll just jump sideways and throw you completely off or they can time it to, you know, they get smart. So

Tom Karadza: 00:24:26 sometimes, but yeah, great. This is what I have to look like flying through the air and they’re, I mean to get on a horse. I remember when we had that horse over there, they’re high up like compared to dawn because we had donkeys as well and donkeys are so much shorter and I felt like the donkeys were just such strong things, man, so much smaller than a horse, but they, you could just load those things up with like as many potatoes as you could possibly imagine. And that donkey was going to have no problem with it. Same with the horse, but it was harder to load the horse up because it was so high and these were just has a work animal. That donkey was just definitely the way to go

JPG: 00:24:59 and for sure. And, and for, for the weight that they are, they definitely are more beasts of burden.

Tom Karadza: 00:25:06 Sure. And, and you’re still doing horse stuff now. What? What’s the, what are you doing

JPG: 00:25:09 mean? We’re training, but I mean, it’s, it’s, we try to get some, some shows in, but it’s, the truth is, what do you mean you get chosen? You participate in the show. Yeah, in the, in the summer months. I’m like, we’re not heavy rent a horse or something, a horse do you own way, you know, what we have been like Aimee and I had been and been kind of lucky enough to, um, because we started early on we were, you know, uh, I guess got to a certain level where we’ve been able to just have a train other people’s horses and it sort of kept us well mounted without actually having to go in and buy her own horses. Um, which, uh, has been helpful. But it, you know, it’s not a perfect situation, but it’s, it’s, you know, what we can sort of handle at this point because we’re busy with work and everything else. But um, um, so yeah, currently we, we’ve got uh, one that, that we’re working with for, for a lady and we’ve had her for a couple years and then uh, we recently picked up another couple from actually the same place that uh, that, um, where Aimee and I met was a breeding farm. So anyway, those are both young prospect, so one’s off getting started with a, a kind of a cowboy to give them their first, like kind of 90 days because I’m not that interested in that kind of stuff. Like pretty

Tom Karadza: 00:26:36 unique. Someone who’s a, we were just nick, we were just talking about how JP helped investors with over $100,000,000. I mean we’ll get the actual number but think at this point it’s

Tom Karadza: 00:26:43 over $100,000,000 investment property. But he also deals with his horse stuff. And that’s your real passion. Let’s face it. It is, yeah. I mean it’s,

JPG: 00:26:51 it’s one of them, yeah. I’m kind of a person that has um, I get real deep into just a few things and then I get it

Tom Karadza: 00:26:59 real bored with everything else. So I like, yeah, St Louis specific real estate, so it’s a means to an end, you know what I mean? I don’t know. Like it’s, it’s something that gives you the opportunity to do stuff like that. Yeah. For some of the moves that you made earlier with. Yep. You know, I mean we were talking about dealing with that, that suicide, that’s one thing within the other, the other movies you’ve made in real estate gives you the flexibility to do these types of things. Absolutely.

JPG: 00:27:25 And, and I would say that, yeah, I mean sure there’s, we all have days where the real estate thing is, is it’s tough and you know, it’s a bit of a grind sometimes, but it is one of those like basically few things that I do like and I do, you know, in the grand scheme of things,

Tom Karadza: 00:27:42 it’s always going to be something that I’m going to be doing in those patients you take, you know, what? Can you describe that? Where do you go? So you’ll go to like Colorado or out west and you’ll go out. Yeah. What, what does that vacation

JPG: 00:27:52 not like? I think I’ve been to the Caribbean once and sat on a beach for seven days and then that was like, that’s great. But I like to like Aimee and I both like to get out and, and uh, just explore. So our vacations are more like, it’s more like travel, like we’re not stationary, like if I’ve got a certain window of days to go

Tom Karadza: 00:28:12 packing that thing like you have, you’ve done things where you go and get a horse and then just go climb through some mountains are two different lodges or something like that. Right? Yeah. So, so yeah, I think give you a Ho, like how do they know that you know, what the heck you’re doing with the horse.

JPG: 00:28:27 Well they have like a, they ask you questions before you go, you know? Uh, and then some places will just sort. It’s like a tour. Yeah, I mean the, the places that I go just because I, I ride horses. I do explain kind of that I can ride because a lot of people that go to some of these places they’ll have like a different level of kind of adventure. But I generally, I’ve been pretty good at picking places and I’ll, I’ll call around to the different places that I’m interested in. I’ll say, look, this is what I want to do. And uh,

Tom Karadza: 00:28:58 okay, late, but you’re going to Colorado or something and then you’re going into the backcountry. Correct. Right by yourself. Like not with a, not like a guided tour. It

JPG: 00:29:09 like a tour with a whole whack of people. Usually the places that I, uh, that I go on, of course I’m going to have a guide because I don’t know that, you know, so an outfitter basically they’re called outfitters and, and uh, yeah, they’ll take you out and, and take you to the places that, that they can take you in and kind of the kind of, it’s tailored to what you want in a way. Um, but to me it’s like the best way to Sorta, you know, go actually a landscape or see an area, a get out into it and you know, and uh, and then I warn all of the guides too because I asked a million questions on like the area, the landscape, uh, how their business, which one, honestly, if the San Juan Mountains in southwest Colorado is probably the most beautiful place, um, it’s the way that the landscape is set up, um, in, in Colorado, the low country is kind of dry and more deserty.

JPG: 00:30:16 Um, but when you get up onto these things called Mesa’s, there’s extremely lush and green, but they’re also at such a high elevation that, um, you’re, you’re basically right at where, like the peaks are. So it’s like you’re in these lush, like high elevation plateaus, but you’re also very close to the tops of the mountains. So it’s just, it’s just stunning with a horse and what you just set up a tent and camp player, um, they, they have camps already that they, like locations that they have set up. And then I’m like, they get permits through, through, you know, um, different wilderness association, so when, whenever they have permits and licenses to do this stuff. But yeah, they basically will take you out and take you where you want to go, you know, within, within reason. So yeah, we’ve gone on some crazy stuff like yeah, describe one, like a literally going to the tops of mountains and then like on the edge with the horse, like 8,000 foot drop like right beside you.

JPG: 00:31:22 And like, yeah, it’s such a narrow little path on the side of a cliff. Yeah. Sometimes no pads. Just finding your way across the top. Who are these outfitters? I know, I know. And that’s why I do a lot of research at the side of this cliff. Yeah. The outfitter knows where he’s going. Sometimes you’re on a horse that you don’t know, hoping that it listens to you. Well the horse is trying to save itself to A. Yeah. But these horses are, they live out there like they’re, they’re used to this kind of stuff. So you’re not going to take like one of our like. Yeah, okay, sure. Horses, they’re trying to do this. Yeah, I mean they’re just used to it. Yeah. Um, but yeah, I mean sometimes you have to do a little bushwhacking or you have to get through some situations and uh, yeah, it, it can be a little crazy.

JPG: 00:32:09 Yeah. The Mexican all-inclusive resorts. Not, no, it’s, it’s, it’s not for the faint of heart. Some of it you’re in some pretty dicey spot. So yeah. Let me switch gears a little bit here. Are you still drinking bulletproof coffee? Yes, I am. Actually, if you’re listening to this and you don’t know what bulletproof coffee is, I who started this first. You or me? I don’t have one person that was doing that before. I think so because I think I heard of it on London real when that. And I said, oh, you’d probably like this my. And think it was from that.

Nick Karadza: 00:32:40 I remember somebody blindly emailed in, send this to Tom. I think you would like it. It was like the bulletproof website and it was the bulletproof executive. So if you’re listening to this and you don’t know what bulletproof coffee is, it’s basically this Guy Dave Asprey, coined this idea that existed well before him, but he kind of mix these ingredients together where he gets like really good coffee, you put butter in it, you put about a tablespoon of grass-fed butter in it, and then you put about a tablespoon of concentrated coconut oil, sometimes referred to as MCT oil, which is medium chain triglycerides is kind of what MCT stands for and this combination of the coffee and the fat prolongs the effect of the caffeine in your system and how your body metabolizes it. So the caffeine is stretched out over a few hours and the fat is really satiating so that when you drink this coffee, you’re not really that hungry, you know, kind of fills you up and you, uh, you have this caffeine effect that lasts, like for, for a few hours.

Nick Karadza: 00:33:36 And that combination of the fats with the caffeine hits you pretty hard when you’re not used to it. And I did it every day for two and a half years, hardcore, like two cups. I, at the beginning, I liked the butter so much I was doing six tablespoons of butter that that’s the one thing I, I haven’t been adding is the butter. I did too many calories. I did it for two and a half years. I like and I think the first six months or a year it was two cups of coffee, six tablespoons of butter. I think of it, that six months senator I was going, it’s like a third of a bottle. That’s what I was trying to import butter in from a Wegmans and agora false because we didn’t have grass-fed butter and important and smuggling. No, no. I know all the dairy laws in Canada.

Nick Karadza: 00:34:14 Now you’re allowed $20 or at the time because I haven’t done it in a little bit, but you know, a lot of $20 of worth of dairy, a person. Um, and then that gets you like four or five bars of grass-fed Kerrygold butter over the border. But then I got aggressive and I just went to Wegmans one day and I’m like in Niagara Falls and I’m like, ah, I’ll just take a case. I forget how many bars are in a case, but I took a cold case of grass-fed butter. I get to the border and I have nexus, so you have to like declare everything. So they’re like, do you have anything to declare it? I’m like, yeah, I got some butter and jam. If you didn’t have nexus you wouldn’t declare it. No, I have. I actually doesn’t matter now, like that time we were trying to get through the border where the firecrackers, firecrackers times you wanted to clear.

Nick Karadza: 00:34:57 We don’t have to declared those ones. But uh, anyway, the butter I declared and they’re like, she was about to wave me through. She’s like, well, how much better do you have? I guess I had like 80 bars or something. I Dunno, some obscene amount and uh, she sends me in, I go to the guy and uh, with the receipt from Wegmans and he’s like, you know, the tax on this is like 300 percent. And I’m like, yeah, no problem. It’s like 300 percent of whatever the tax was I paid, right? He’s like, no, it’s the, the duty on this is 300 percent. The value of the butter and a. So like a butter cost me, like for these bars, I think it costs me. I’d spent like 150 200 bucks I can remember, so I had to pay like five or $600 in duty.

Nick Karadza: 00:35:36 And unlike nuts, it was nuts. It’s all, you know how trump has been saying that we protect our dairy farmers or dairy industry. I know all about it because of this. So actually drove back to Wegmans and returned the butter and when I returned the butter, because I’m like, guys, I can’t spend $500, 600 bucks on just duty here. I’m so sorry. I got to return this butter. And they were so gracious. They were like, absolutely, you can return it. No problem. And they returned it. They gave me my money back and then literally after I got my money back, she turns and says something to somebody else and throws all the butter and a garbage garbageman am like, oh my gosh. Excuse me. What’d you just do? That’s perfectly good grass. That’s great. Grass-fed butter and she’s like, well you took it out of the store.

Nick Karadza: 00:36:11 Yeah, it’s a product that we have to keep cool. We don’t know what you did with it. We can’t resell it and she just trashed it. My heart sunk to the ground. I drove back with like my $20 worth of butter, which is like four bars I declare to the border and went home, but I had to buy that much butter because it’s six tablespoons of butter. You. I was just going through so much butter in my body I guess because they hadn’t eaten fat and so many years was just loving it. Like I couldn’t get enough butter, like my body was craving the fat and even though it was a lot of calories because you ultimately. Those calories were really satiating. I actually ate less calories, I’m sure through the day and I was like losing weight, eating all that stuff. Um, and I don’t know, it was really good for me for a couple of years.

Nick Karadza: 00:36:52 And then I think I just was going to the gym. I was a, this was when Nick was telling me, hey, you’re not eating enough. I cut out all carbs at that time too, and the coffee in the car, but that kind of destroyed my adrenal glands. Yeah, pretty good. You’re kind of downplay. See Tom up plays the part that he wants to then downplays the other ones that he destroyed his anal glands, adrenal glands, and took them years to have this weird a mastermind meeting in and just outside La. A really nice place where it was that really good place. Um, and I met Dave Asprey, the bulletproof executive guy, the guy that’s promoting all this stuff and I walk up to them, I’m like, hey dude, I love your coffee. You completely destroyed my adrenal glands. Remember when I said that? And he just kinda laughed it off because he had been there too. And I’m like, I actually don’t blame you for any of this. I mean, the information has been amazing. We’re big supporters. We actually brought bulletproof coffee out to one of our events and served everybody was like 700 cups of bulletproof coffee. I’m a few people claim that they had major heart attack situations, but uh, but are you still drinking it or.

JPG: 00:37:51 Yeah, uh, the, the coffee beans and then I’m touching. Go on the oil, but then I’ll also put in. I’m not for the First Cup because I find the taste isn’t as good, but I’ll put in the Collagen you will. So you’re going to do black coffee with cream. Oh, your will. What kind of cream? Well, it’s a whole cream from like a health food store that. So it’s, it’s coffee with whole cream and a tablespoon of Collagen? Yeah.

Nick Karadza: 00:38:20 Okay. No MCT oil anymore sometimes. Okay. Just sometimes. Okay. You know, what I’m doing right now is I have a Ben Greenfield’s coffee beans that have you heard of his means? Oh, I got to tell you about Devon greenfields means I have, I think his brand is key on the websites on.com or whatever. And he has a couple of podcasts episodes just talking about how, you know, the cleanliness, how clean this coffee is given. Listen to these episodes. I don’t think I. Oh yeah, I got to show me, but behind it it’s really, this guy goes deep on coffee. Anyway, I bought Ben Greenfield’s coffee and putting that through my espresso machine right now, which grinds it and I’ll have Dave Asprey’s brain octane oil, about a tablespoon and boat, two espresso shots in the morning. So that’s what I’m doing now. Like two espresso shots with Ben Greenfield’s being key on the key on brand and uh, the brain octane oil from Dave Asprey. That’s a good mix. Me. I love it. You’re. Yeah. Nick, you’re not drinking. You don’t drink it too, you know, I don’t drink any coffee. I mean I’ll have the oddest. So after, after a meal, we’re legit in the morning I get up and go to the gym, empty stomach, don’t eat, don’t drink water, get up, put on clothes. That was one thing I do go to the church thing is

JPG: 00:39:25 Chug, like one of those swell bottles. The first thing I do before even have coffee, it’s just drink one of those and I just find that it just helps everything. Just get going a lot faster.

Nick Karadza: 00:39:36 So just water with anything in it, a little bit of salt or just water? Yeah. Well you did, you get more dehydrated over the overnight. Right. So it makes sense. So then are you still working? I remember when we had the same time that we were both doing bulletproof coffee at that time. No, I guess it was before I was doing that, uh, the p nine dx stuff and I think. Oh yeah, this was way before because I got in fact car accident and I was doing P90x and it was making me dizzy. I still had some post concussion symptoms and I couldn’t really do it that well. Um, so yeah, this is long time ago. So you’re not curious, you didn’t carry on what that P90x stuff did you?

JPG: 00:40:07 No, I, I, I did it I think right before really jumping on board here and then. Yeah, basically that thing is so time consuming because we followed the menu and everything

Nick Karadza: 00:40:18 thing like it was almost three hours a day. They still sell it. I think so. I think it’s changed, modified it and I don’t know what it is either now, but if you’re listening to this, you don’t want P90x is, it was this workout program where you put in like a DVD which was like high intensity or something and you would like to do jumping jacks and push-ups and stuff like that. And I remember at one point it was just too much for me. I had never worked out and I put these things in and I’m like, what the heck is this? So it wasn’t good.

JPG: 00:40:43 Put me in the best shape of my life and I have, I have not been that fit sense. Um, but I still, I still try to do little workouts. Yeah.

Nick Karadza: 00:40:51 So your morning routine is, are you doing anything with music daily?

JPG: 00:40:55 Not Daily, unfortunately. Are you should be, if I was more disciplined, I forgot. Are you still singing any band stuff? Yeah. So when we do, I’ll still get together with a friend of mine, uh, try to get together once a week and we still just try to like write and record music and then that will encompass basically programming the, the, you know, the drums and he, he does the base and I’ll do guitar and try to put some vocals and little keyboards and whatever. Um, so it’s more just like the producing and the recording and you know, just trying to make something just for. It’s just an outlet, a creative outlet. Really. That’s about it. You’re a creative person. I mean, I could

Tom Karadza: 00:41:34 never sing along. Nobody’s gonna want to hear me sing. Nick can’t sing. Jp Sings you horseback riding. Real estate investor. I’m under any new. What’s your daily schedule? Like coffee in the morning? Yeah. To. So what else are you, what are you having for breakfast? Nothing. So just the coffee.

JPG: 00:41:49 Yeah, I’ll, I’ll have a snack probably or a very light lunch. And then the main meal is his dinner, which is, is uh, we’ve been doing that for almost a couple years now. Um, yeah, kind of. There was a, there was a good chunk of time where it was just like I was just road food and like I was driving everywhere and it’s nice now because I’m doing more stuff in Niagara so I have a little bit.

Tom Karadza: 00:42:16 I ended up stopping at grocery stores more than any place else now because I always try because I usually have a rough idea where a grocery store is depending on where I am and most of them now have decent, totally decent options. Right. But other than that, that’s the tough thing about when you’re in different places all the time. It was to find decent foods. What do you mean decent options? Like the hot plate you’re eating from the grocery store? Just Salad. So I, I mean, I don’t know, whenever I feel like that day like you. Meaning I’m not going to get pasta, Salad. I eat more vegetables than meat. Anything like my whole life of alternative of vegetable. I think vegetables first and then I figured out what to go with them for after

JPG: 00:42:51 I’ve got. Well, I had a, uh, a whole freezer full of meat that I bought from this place called neutral farm. And um, because you guys buy like a cow still or. No,

Tom Karadza: 00:43:01 I get, yeah, I get a half a half a cow right around this time of year. I’ve got a few weeks ago I get a half a cow for that’s in my freezer.

JPG: 00:43:08 So. So yeah, this guy came to the door, like door to door sales and, and I was like, Huh? He’s like, do you want a free sample of meat? And I’m like, yeah, hell yeah I do. So he’s like, okay, well you need an appointment. So they came back like the next day with, okay, this free sample is ground beef

Tom Karadza: 00:43:25 through that with the same guys or not, but I’ve been through the same process. Yeah.

JPG: 00:43:29 But after talking to the guy and he was like, we just hit it off and uh, you know, he, he was listening to the Joe Rogan podcast, we were just talking about all this different stuff. And uh, yeah, I bought like $3,800 worth of meat for like the year and filled up like an entire freezer. You bought more than a cow. Yeah, well, yeah, not just beef. So there’s like chicken and pork and fish and whatever and some vegetables and it’s all organic. All free range. Even like the chickens, they’re not like, they’re like pasture raised in those pens and they move them around and so, and you know, the meat is excellent.

Tom Karadza: 00:44:08 Excellent. There is a difference. There’s a, uh, a significant difference between the stuff that I get in, like the typical grocery store. Oh yeah. Like even my kids have even noticed it. My wife who was not a believer in it at all, she, once we had it, she’s like, well this, it, it’s even hard to um, to overcook because it’s so juicy. Like you really got to try to overcook the stuff to make it like a dry state or something. You really kind of got to do a really job. But yeah, it’s made. Uh, I, I love, I love the process. I’d never, I’d like, I hope I never have to change that. I, I get it directly from a farm up in the St Jacobs area. I’ve been up to the farm, the farmer saw the cows, so tying in each you later, you know, and I saw the chickens running around like a real headhouse running around and it cool.

Tom Karadza: 00:44:51 The only problem with it is still you don’t know like, so I went to the farm but you don’t know if this guy is. That’s the cows that I’m getting from there. He could be getting it from some other guy somewhere else. Sure. You still got to put your trust someplace unfortunately, but I just decided to do that. Right. But I’ve been through that process is a good process that they have there and I remember even the meat, I don’t know if it was the same exact same company or not, but the sample I got was very comparable to the stuff that I get from the farm. It, it definitely wasn’t in my eyes. It definitely wasn’t the standard grocery store stuff. Know that we used.

JPG: 00:45:18 No, I mean it’s night and day and, and like the rib eye is unbelievable, but they’re located I think just south of Collingwood and for, for farms. It’s a big one. It’s like 2000 acres in Ontario. That’s a big farm. Like you don’t get that kind of property, uh, in this area.

Nick Karadza: 00:45:35 Yeah. And you’re always looking at rural properties and stuff. So like what is it that you like working with people who are going, oh I know you work with investors all over the place, all over the golden horseshoe and stuff, but you do have like a special place in your heart for rural properties as well. And is that like just a home on acreage or are we talking horse farms? Like what is it?

JPG: 00:45:53 Uh, yeah, it could be any, any sort of rural property like a rural real estate property. So it could be a horse farm, but I mean, you know, there’s not a ton of horse farms that are sold yearly but, but just people that are want to be kind of, I guess more connected or, or outside of the city. I just enjoy that space a little bit more than being in the city. Uh, and obviously just always being with the horses, it’s just kind of I’m just comfortable there and I, but I also am, I really love the idea of like people that are passionate about the land and then also being stewards that land and making it better and improving it and then, you know, yeah, just, just being more of a license.

Nick Karadza: 00:46:38 That was a checklist. If someone comes to you and say, oh, this says, all right JP, I wouldn’t mind some, you know, I want some rural country land. Is there a checklist? How do you walk people through or do they come to you already knowing like, hey man, here’s what we want.

JPG: 00:46:48 You know, what, it probably starts like any transaction and that’s budget and then you kind of go, okay, from budget, then you can kind of look at, okay, where can we get what you’re looking for? And then you have to kind of like hack away at all the all the wants and until you get to reality. And that’s like an unlimited. But of course, yeah,

Nick Karadza: 00:47:08 yes. Not the case, like rural properties. For you now in the Golden Horseshoe area, where would you be looking?

JPG: 00:47:14 Niagara? Uh, yeah. Nagra. I’m Halton hills area around. Well, yeah, there’s a lot of good stuff and, and I’m, I’m kind of more drawn to the stuff where there’s a little bit of landscape, um, when you get further sort of west and it’s just flat farmland not so drawn to that, but stuff that where you can like have a kind of a nice view and, and uh, have some.

Nick Karadza: 00:47:41 So where are the good price point opportunities right now? Do you feel, is it Niagara? Niagara has got to be cheaper than Holton hills? No.

JPG: 00:47:47 Oh, by far, yeah, for sure. Um, but Halton hills is arguably more attractive.

Nick Karadza: 00:47:56 Yeah, you’re right on the escarpment there.

JPG: 00:47:59 Cool spots in Niagara that are really, really nice. Um, and

Nick Karadza: 00:48:03 there’s a Halton Hills if you’re listening to this just north of Milton, Ontario. That’s what we’re talking about. Like if you just follow the,

JPG: 00:48:08 like basically east of Guelph all the way across, you know, all the way across to basically Stouffville that whole swath across the top of Toronto all the way up to calling Woodbury. Um, you know, if you’ve ever driven a to calling but not gone on the 400 and gone up like Kinda through Creemore and you know, you have the escarpment to the west and all that country to the east. It’s all that beautiful. Rolling Hills. Huge value.

Nick Karadza: 00:48:36 You go up like airport road to blue map. So that, that whole area. Yeah. Yeah. So like if I had a million bucks and I wanted to, that was my budget. Can I get anything halfway from Toronto up airport road to Collingwood. Oh, you can get something. What could I get? Oh, you’re not going to get probably more excited and now you just, the first words I, whether you know you’re basically not going to get anything for your million bucks. There’s like, they’re so limited. 2 million, what can I get? $2 million. I get a house on some land. Oh God, yeah. You’re going to get a house, that’s where most of the value is going to come from and it just depends on, on how much land you actually want. How many acres you’re halfway between here and calling. Would $2,000,000 and half way between here and Collingwood? Yeah. Yeah. I mean I can get a house on how much land? Probably less than 10 acres. Yeah. Do I get them? You got to go get a burn maybe. Okay. Actually, I’ve further out. So check this out.

JPG: 00:49:39 Do you guys, uh, do you guys, do you guys ever watch? Uh, like any of the voice stuff? I’m not like a huge advice fan. Yeah. There’s this one guy Matty Matheson. I was just like this crazy chef from Fort Erie, but he’s got like this show, these different shows. One’s called a keep it Canada and another one. Anyway, they’re hilarious. It’s really funny. But I just found out he bought a little, uh, a little property. Just a. Why should I be saying this? I don’t care. Okay. Uh, west of Fort Erie. Uh, and uh, I was just kinda checking out. Um, you know, what he paid for it.

Nick Karadza: 00:50:17 So I’m just curious, you know, doing the classic KGB totally in real estate, real estate professional, you’re like, well what does a guy like that by? Well now sold data is going to be everywhere anyway. I mean, look, it is public record. You can go look, you can go pull it from the registry office anywhere. And now with the new tribunal, Niki and I used to go to a title offices and what did we have to pay eight bucks or something? But you can pull a couple title. Yeah.

JPG: 00:50:44 So I mean you don’t know the exact price, but you know, uh, I think he had a boat. It was about seven acres on this property and uh, you know, it was well under a million. Okay, cool. So you know, he had a barn and this little greenhouse thing,

Nick Karadza: 00:51:02 it doesn’t go that way. Don’t go. Great. So where’s that? What area is that? Right?

JPG: 00:51:07 Yeah, between, I think east port Colburn, Kinda just north of [inaudible].

Nick Karadza: 00:51:11 Okay. You don’t like that area? You like Halton hills more just because it’s more scenic? Oh yeah. The two areas more flat, I think I would rather be in that Halton Hills area. Oh, Krimigis bridges, Moraine and all that.

JPG: 00:51:23 I mean, it’s all. I mean, that’s why it’s so expensive. I mean, it’s beautiful. That’s the thing about the rural properties is everyone, all the places that are really stunning. Well that eventually they’re going to get scooped up by the people that have money because people want

Nick Karadza: 00:51:38 the beauty and so they’ll pay for us. Yeah. Um, what about with, you know, we talked about all this stuff we didn’t talk about actually where you’re helping investors right now. I’m just curious. We should probably throw that out there. Where are you working? Because we used to make fun of you in a good, good hearted way that we were pulling you all the way from St Catharines where you live to our office in Burlington at the time. Now we’re in Oakville. Um, and we’re doing a lot of stuff in Hamilton, in Kitchener and Barrie, which we still are. But then St Catharines kind of got a name for itself and all of a sudden you weren’t driving to us anymore. We were all driving to you are you, I know you help people pretty much everywhere. Um, St Catherine’s is still something that’s hot right now. Definitely. Okay. What, so what parts of St Catherine’s can you get? So for those people listening, don’t know St Catherine’s well, is there a kind of like, a little bit you can break it down for us yet? South end is a

JPG: 00:52:23 typically kind of a more um, where you would find like student rentals, um, because it’s a little closer to Brock University. Um, but, but the vast majority I would say of, of what we all do here is going to be in the north end, which is north of the Qew to Lake Ontario.

Nick Karadza: 00:52:41 Okay. So north end for single-family homes to rent out as a single family or duplex it out as a second suite because basically, so the history of St Catherine’s is post World War Two. They had to, GM plant

JPG: 00:52:53 sprung up. So I mean it was just like postwar boom. So you have this huge area, Kinda like southwest Oakville, similar to those kind of films, big lots, big trees, bungalows, back splits, sides blitz. I love the 50 foot by 100, 20 foot lots. Those are perfect for secondary suite conversions. So, uh, what’s, what’s good about those houses, and not to knock Hamilton, but if you want something that has 11 to 1200 square feet, you pay for it more in Hamilton because typically those wartime homes and Hamilton’s in Hamilton or probably like a thousand, but you really, that extra couple of hundred square feet makes a huge difference in the basement, which is typically where you have to. Yeah. Um, and how much you’re spending for something like that in St Catherine’s right now for 50, uh, for, for a turnkey. Sure. Okay. Yeah. Uh, you’re looking at um, well really anywhere between 404 50 depending 440/50. Yeah, I mean I, I’m a little bit maybe a little bit more conservative so I, you know, maybe you could push that over the 450. I know we were chatting about this, but um, and then for something that you’re going to do a conversion on, you’re looking at, you know, Kinda 350 if you get really lucky, uh, if it’s really kind of tired and needs a lot of work, but you know, up to about 380 generally you can, you can get something for, for a secondary. So we conversion.

Nick Karadza: 00:54:19 Yeah. And the price went. You remember just a few years ago we were doing stuff in St. Catharines at like 275 to 300 now it’s 400, 450 or 475.

Tom Karadza: 00:54:29 Well the prices of St Catherines didn’t move for quite a long time right there. They were, you know, and then it was when the money started going from Toronto to these other areas, so into places like Hamilton that started changing affordability trends in Hamilton that then a lot of people, not just from Hamilton but, but you know, from a larger population-based started looking at these other areas saying, well look, if I’m working in Hamilton, why am we’re going to pay the price here? I can go out to these other areas and still work and drive around that area, whether it’s Branford or Hamilton or they’re working wherever maybe they’re working at St Catharines, do more money, kind of flooded all those areas. Going to the St Catharines way.

JPG: 00:55:02 And were you actually noticed it really early on was the south end where uh, all the investors that we’re getting kind of pushed out a Hamilton Hamilton around the student rentals because they’re getting so expensive. They all blew down to Brock and now it’s kinda saturated. There’s just so much inventory for the kids to choose from. So it can be a little bit of a struggle to.

Nick Karadza: 00:55:23 The funny part is that how people think Hamilton. I mean we’ve been in Hamilton, we’ve been doing stuff in Hamilton for, I don’t know, 10, 15 years now. And now people, there’s two kinds of people. Some people will come to Hamilton, they’ll discover Hamilton now for, they’re from Toronto and they’ll think, oh my God, it’s such a good buy because in Toronto I’m spending like a million dollars for nothing and Hamilton. I can spend half of that and get something and then you have the crowd that’s been in Hamilton for the last 10 years and says, screw it, this place is too expensive because I remember when I could buy a fully detached home on the Hamilton Mountain for like 235,000 bucks and now it’s like 500,000. It’s overpriced. I’m Outta here. And then when we meet those people, we never know which people we’re dealing with. Are we dealing with a Toronto guy who thinks it’s a deal or the guy from like Burlington who’s used to Hamilton and just think it’s overpriced. Like everything is. There’s so much perspective involved in real estate investing. It’s completely ridiculous, but that whole area, St Catherine’s to Hamilton to Brantford to even up to Cambridge, Kitchener, Waterloo, Guelph, that kinda whole area is to me just still an absolute goldmine because everyone’s getting pushed

Tom Karadza: 00:56:24 this way. It’s still continuing. You know, one area we’ve never really done a lot in, which is a great little areas. Orangeville. We’ve never done a lot in Orangeville. I think I went out there a few times, but uh, yeah, you’re right. We did do a little bit. We just didn’t have investors in that area at time. Yeah. Great little spot. It is inept, but it’s shot up to right. I know every time I drive through there I’m like, why are we not doing nine out here in a windmill? But uh, we can be close to your farms. So, uh, um, where, where you started, what did Aimee started website for? Rural Properties and stuff.

JPG: 00:56:56 So it’s called landentitled.ca and um, yeah, basically you can search rural properties on there. It’s got a bunch of information on how we bring up. Is Aimee, sorry, Aimee is my longtime girlfriend and partner. So uh, and you know, she has her license and in and works with me. So landentitled.ca. You guys are feeding in rural properties on that website, correct? Yeah, it’s specific to country homes, rural properties, equestrian properties, yeah. Got It. And then the number one strategy with investors who are not doing rural stuff, we’re actually buying income properties. What’s your number one thing right now? If I had to pick? I know you’re doing pretty much a lot of everything, but what? What’s, what’s one of the cookie cutter ones right now? You know what? This is probably student rentals and single-family homes.

JPG: 00:57:44 And then more lately have been the secondary suites or trying to find duplexes and redoing stuff in London. Recently you were out in London a lot. You’re still telling stuff and handed student rentals and regular rentals in London. I would say for the most part the student rentals just because people that want to do single family homes, there’s just not that many because generally the people that want to do single family homes, they’re not from London so it doesn’t make sense for them to go do it out there. Um, they want something a little bit closer. But because London is still very good for student rentals, at least for now. But I can, I can see that also starting for western Western, Western. Okay. And not, what is it? Fanshaw and Woodstock. Anything in Woodstock or no, not too much yet.

Tom Karadza: 00:58:31 Just skip over what? Yeah, we do stuff in Brantford and London but we don’t do too much and KWC so we’re all around the points around it

JPG: 00:58:39 and I feel like Woodstock is such a great position being where it is, you know, it’s right. Then we kind of skipped

Tom Karadza: 00:58:49 the challenge is there’s a lot of different areas and depending on what the investors are looking for will share because we have done. But other people here have done more iWoodstockck. Not a ton but, but, but there have been some things but it’s just kind of what people are looking for and depending on, like you said, there’s the, depending on what the investors, where they’re from, they might not want to go to London where some of them are like I wanted, I want to go to London because it’ll force me never to go to the property and just let the property manager deal with everything. Right. So. Yep. Cool. JP, thanks for chatting man. So, um, yeah, we’ll have you back in. We’ll bring amy back to, to chat some more about, of you guys together.

Tom Karadza: 00:59:22 Cool. Thanks dude. Hey everyone. It’s Tom Karadza so hopefully enjoyed that episode with John Paul Gulbis. Great Guy. Um, will definitely be bringing him back on talking some more real estate stuff. And in the meantime if you want that destruction of the middle class report, you can get it@rockstarinnercircle.com forward slash no more middle. That’s the report where we map out income levels against property prices just so that we can see the widening gap that’s happening between the income you can earn this country on average it property prices, which we refer to that as the destruction of the middle class. We feel like it’s really good information. That is at least everyone should be aware of what’s happening. So if you want some of that data for yourself or to share with somebody, you can get that report@rockstarinnercircle.com forward slash no more middle. Thanks for all the feedback on the podcast. Keep it coming. If you want to email us email podcast@rockstarinnercircle.com, that will get through to us. Thanks for all the feedback on itunes. If you haven’t had a chance to give us a rating yet, we would really appreciate it. That. Thank you very much and I think that’s it for this episode. Until next time, your life, your terms.