We’re going to start a “Heads Up” series for real estate related issues that pop up now and then, this is one of those. Kitec Plumbing wasn’t something we were aware of even a year ago. Now we see it popping up in home inspections with houses and condos built from 1995 – 2007 (not all of them by any means). This plumbing has some faults that investors and home-owners should be aware of. On this episode of The Your Life! Your Terms! Show we break it all down with special guest Mark Griffin from GHI Developments, www.GHIDevelopments.org
Hey, everyone, it’s Tom Kradza, I, hey, listen, this podcast is a little bit of an alert or a heads up to real estate investors out there. And I guess for everyone for all of us who own our own homes as well, there is a type of plumbing that’s causing a little bit of problems. And we thought everyone should have a heads up about it. So we bought it brought in someone who knows what’s going on with this stuff. His name is Mark Griffin. He’s a great guy, his wife actually works as part of the team here at Rockstar. And we just wanted him to break this all down for us so that you understand. So this is our first episode where we’re calling it a rockstar heads up episode just so we’re all aware of what’s going on here. So this isn’t to put fear or scare anyone on type of plumbing that looks like it has a little bit of issues, but definitely something you want to know about for your own home. And especially if you’re buying a new condo, or you’re buying a house, you want to know this kind of stuff so that you can have your home inspector call it out or get it looked at or ensure it doesn’t have it to begin with. So I’ll let Mark get into the details with us on this episode. And listen, I want to share something with you Our son is applying for university right now it’s making me think a lot about University and some of the time that I spent at university and some of the things I thought University was when I was going, and I had kind of incorrectly assumed that a university education was almost going to guarantee my financial future. And that’s definitely not the case. There are obviously huge benefits to education, we are big believers in education. So I don’t want to rant against going to university, but we did put a little report together just for our own curiosity. And we called it to paying for your kids education really makes sense. And what we did is we took the actual cost of university and we compared that the cost of of university and then the starting salary after someone finishes University and compared it to buying a starter home or an investment property and see what happens how to both of those grow. So like, you know, someone spends the money to go to university and then it gets an income. How does that income grow compared to how does how would it How would it work for Somebody if they went to I need to go back to university cuz I’m losing my train of thought, right? How would it compared to if you took that money instead of paying for university and bought an income property? How would that income property grow? And how would the financial future of that person be affected by going to university or if they took the money and put it into an income property instead? I hope I’ve made that clear enough. I haven’t totally screwed that up. But I think you kind of get my point anyway, you can get that report because we compared it we use historical data to look at it. And again, this isn’t a discount going to university there’s a lot of benefits and understanding how to hit deadlines and research and oral communication and written communication. You know, there’s a lot of value, how to think how to how to debate so there’s a lot of value in going to university. We just thought this was an interesting experiment that if you took the money, and instead of spending it on paying for university if you bought your child and income property instead what would grow faster. There is income as they left University, or that starter home value, and again, we cannot predict the future. This is just a little bit of an experiment, but the results absolutely shocked us. So if you want to get access to that report and check it out for yourself, you can go to Rockstar inner circle calm forward slash reports. So we had to make some assumptions on doing this. Of course, it’s not a perfect analysis by any means. But I thought it was rather interesting. So again, you can check that out at Rockstar inner circle.com forward slash reports. And with that, let’s get started with the podcast. Are you
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We are live with Mark Griffin and my Senior last name properly.
actually. Okay, Mark, I just we were going to start we have to get some important stuff about real estate. But what the tattoo you have the story of your life on your arm? Yeah. So what? I see the soccer Okay, go take us through that really quick.
So basically, I made a living playing football or soccer in England. So that’s got the three line shield with the soccer ball. That’s nice. And the three most important people in my life. My daughter, Hannah, my son, George, and my wife, Carolyn. I didn’t see Caroline’s knee with those cats. Okay, got it. Got it. Yeah, yeah. And then the top is death, which is inevitable. Yeah, so that’s the circle. So you
got a series that’s going on there.
Yeah. So those are the five things in life that I can be guaranteed.
So since you have death there at the top, do you have a plan before you dies? Certain things you want to get done? Oh, absolutely. Yeah. Are you on the Rei Are you on your way?
I’ll pretty much there.
For those of you listening Mark It actually has crossed past with my son because in top of doing all this real estate stuff that you do on top of running your contracting company, you also coach soccer here. You’re actually an Ontario Cup champion coach. Yes. And you used to play in England. And I was just telling mark that I thought you were a I figured, I don’t know. I just pegged you as defenseman. No, but you were a goalie. Yeah,
yeah. I should have been a rugby player.
You know what, you know you You’re a big guy. You could be a rugby player. Yeah.
But yeah, no, I made a living playing golf. So how
many years did you play over there?
Eight, eight years.
And then you came back to camp born in Canada went there, too. But did you go there to play?
Yes. Okay. Got it. In spite of the system, a bit like most Canadians, when they do travel abroad, and they play. That’s how we made it. Yeah. So go over there and defiance. Nobody helped me. I just went on my own.
Yeah, I was just gonna ask because that means you left it probably at the age of 20 420-526-2626. And then you went over there. So you had no plan. You just went over there and started trying, yes.
Well, my I had a job lined over there with my father in law. But at 26, I got married. And I said to Caroline, guess where we’re spending our honeymoon and the other side of the planet, we’re going to move. I’m going to go back to England. I’m going to give this soccer thing and go and see if I can make a living out of it. So I managed to do that for eight years.
Yeah, that’s cool. That that was a dream. Yeah,
it was good. Yeah.
All right. Let’s get back to reality because you have some important information to share. And I just want to make sure sure we’re really clear on this kind of stuff. What’s the deal with this? And when i’m pronouncing it properly, what’s the deal with high tech plumbing?
Yeah, high tech plumbing. So
pull up. Can you pull the mic? closer? Yeah. Better.
Yeah, that’s better. Yeah. So can I take pollens been around since 1995. It was a product that was used in the industry heavily in the industry, from 1995 to 2007. And the issues that they had with it now that has been discovered since 2011, I believe is when the lawsuit was finalized. The states they they’ve come up now it’s slowly worked its way up here into Canada, but it was late. Most people didn’t find out about it until 2014 2013. And that’s when a lot of companies started getting involved with the chi tech and and looking at the issues that are there. The biggest problem they have with the guy tech is it’s called the sink of occasion. And what it is, is you have a copper pipe that’s half inch with a brass adapter and the high tech piping which is a polyethylene pipe with a an aluminum insert inside to make it rigid, but late, late and flexible. Is all put together and held in together with a zinc crimping ring. So all three products together, you know as a mishmash, don’t really like each other that much and over time. That’s the main area where we get leakage. We find it and it can be a slowly can be catastrophic. But the biggest issue is when you Have that it’s inside a wall. It’s a slow leak. He may or may not notice it and then you have issues with mold later on and
Okay, and just for everyone listening to this, I just want to be really clear. So we understand the issue with it’s this. The brand is the type of plumbing is that plastic? Like from the for the layman? Yeah. When you see it in the walls, I noticed it in residential construction. I feel like it was the late 90s Yeah, you’re that’s what you’re seeing it started Yeah. Where instead of copper pipes, I saw this colorful plastic looking stuff. I didn’t know inside the plastic. There was it’s lined with aluminum. Yeah. And then there’s the Krumping kind of joints that are made of brass or you’re saying copper and brass correct
the sink, little sink. So the crimping ring is made out of zinc, the cleanser okay.
And so when you see that stuff, chi tech is a brand of this type of is this the name for all of that type of plumbing? Yeah, so Chi
tech is a version of it. There’s like the modern ones now or like open or like a words bow. You have a pack she have like a viper. There’s all different names for High Tech was the the general name used for this product. And the thing with with high tech is, is it’s very distinguishable. The two major colors are orange and blue, when you see orange and blue, but there’s also, you know, a few other different versions of it and they have instead of using plastic elbows and plastic connectors, they’ve used a lot of brass. So and, you know, with the fittings in there, then you have another issue as well too, right with the brass, it tends to distinct vacation process on the brass is much more rapid than on the other two. So, you know, that’s where the majority of the leakage is coming from. But there’s also eight to 10 different names that it’s called, it’s Pax ipac, there’s all different names for it that are also this tight, yeah, that are under the high tech banner, but it’s also the products that are out there. They’re different colors. There’s some deep reds, there’s deep blues, there’s light blues, there’s different colors on right. So you really need a professional Go in and have a look at it and it takes five minutes and we’re there and we just do a couple little tests with the button flexing and we can tell you straight away
and the problem is the zinc connector part I thought it was that the when you bend this stuff, it gets a little little crimp in it that eventually leaks I thought that was the original problem.
That is one of the problems because what happens is like anything is called work hardening with metal so when the plumber is there this stuff was like sliced bread to you and I it was great. They Oh yeah,
I used to running copper welding, all
that stuff. And I could turn around I could go on one side of a room to another and turn a light switch on and off with it. I could lightweight was super strong was flexible, but it stayed in the position that I would bend it in, or whoever was doing would bend and you had in there but basically you try to get around a corner or try to straighten them back out again and you move it three or four times God and then in that same process, your work hardening the metal inside the polyethylene, and nobody really kind of thought too much about this maybe but over time It puts a little stress cracks in there and then that’s where the pressures and the fluctuations in hot water tanks, the hot water cold water supply and demand. That’s what builds a pressure up there. So the piping
can also leak them from the little.
Yeah, the one they’re catastrophic that pipe will burst in that point and you’ve seen high tech plumbing burst like twice twice Yeah,
okay. And I guess the situation is if you’re in a condominium or something with this it can run down multiple or if you have like a triplex it like if you have something it’s going to run down the hole
even in a single family home. They we discovered it in Joshua Creek, Lake Shore woods, okay, for those of you listening, these are communities in Oakville on the west side of orchard in Burlington. But primarily it was used in condominiums because was faster and quicker and cheaper. But in a single family homes. 2 million plus homes are $2 million, I’m sorry, that have it. But a few are up in the main floor on the master shower and let’s go in the master shower all that water’s gotta go somewhere. So you would look You know the depressing
This is to hear because if you’re on vacation for like a week or two yeah and something like that ever how like I’m worried enough about the toilets when we’re on vacation so nothing happening and turning off the water and all that kind of but at least if the hot water tank dumps in your house it’s kind of usually in the furnace room there’s a you know, it’s not great but at least that’s dumping in the basement Yeah, I’m just thinking if it if on the second floor shower or something like that. So I guess how do we if I’m listening to this and then I’m like, holy crap, do I have this in my house? Is there any way without calling someone like you into for us to like is the branding on the pipe or
you can really say it, it’d be x PA, the be numbers high tech will actually be written on there. You’ll see it stamped in their ex pa IP x, AP else. There’s a lot of different small abbreviations that are printed on the actual pipe itself that you can see So
do you have some of that listed on your website?
Yeah, it is on here. On the believe it was on here. It’s on the website. Okay. And you go on there on the gun, the high tech version on our website, you’ll see it on the half
wall link. So if you’re listening to this will link to the URL in the show notes for this episode. But can you also what’s the URL for your website?
www.gh i developments.org.org ok.org
gh I developments.org. So if you want to check that out for yourself, and that’s the stuff that I’m kind of looking for. And then if you do find it, like if you find it in your singing house, so now what, what’s the process? This is what this is?
Yeah. So like, right today. Yeah, my guys are there. We’re doing a house in Joshua Creek. And they’ll come and say we’ll have a look around or go through the house. See how many bathrooms toilets, sinks, realities, will map out the process how we’re going to get the water because not necessarily the way it was ran before was the correct way to do it. So we just reroute things we remap the plumbing in the house, and the easiest way for us to get water from the supply up to the top floor. So on then we map it out your pet
your good just because I know what’s involved in all this kind of stuff like so when you go into a house, you were just saying that you went into someone’s house and you checked it out. And they didn’t have this plumbing that they thought they had. And they basically give you a big Oh, yeah,
so the reaction is like, when I go in there, like, I need
your, like, the boogeyman that nobody wants to see you come here, like, please let me know that everything’s good. Yeah, absolutely.
Yeah. So for me as I yes, we were in business. We were talking about this before, it was like, Yeah, I wanna, I want to make a living like everybody else. But I do really, honestly do get a great feeling. When I go into somebody’s home, I tell them, they don’t have high tech is like, they want a small lottery. Like it’s crazy, because the numbers for this repair can
is something not so this brand, obviously not in business anymore. Know the company. But this this era 1995 to 2007. And I know right in Canada. Yeah. We don’t know exactly when it was stopping us but roughly 95 to 2007.
Yeah, so you might have some of them in 2008 you know, at the end of the day, roughly around
there when it kind of stopped. Yeah,
so there’s a couple of newer built home
homes in Glacier woods that were a little bit later than that. Okay. But it could have been simply because, you know, Joel lammer had 750 rolls of 300 feet long and to be fair to everyone, then no one really knew not right. So to be fair, this is not blasting any of those guys, no one you know, and there’s like, you know, some of the bigger condominium builders, and there’s some great companies out there, and they’re getting a lot of stick over this, but at the end of the day, they put in a CSA approved product at the time.
Yes, and it was so any better either know, so if you’re in a condo, so now the whole condo has to be swapped out. Because the whole condominium would in
some they do. Like there’s a condominium in Fairview of Fairview street in Burlington, that and all the common areas or has to be removed, right. But in say, Bishopsgate, here in Oakville. They have it just inside each unit. So the common area is copper. So but Everything else inside those units is kinda
okay and you were starting to explain when you’re in someone’s house and I want it will take it to the condominium as well when you’re mapping out like how the we’re talking about drywall ripping out of the wall. Yes is a big deal. Yeah,
it is a big deal. And it’s a process that you know, cuz frightens a lot of people because it’s frightening. It’s frightening me just listen to the I mean, you live in a lovely hometown you had a nice so
You never think about this. And then people say, Oh, I spent so much money you know now and I’ve got the house exactly the way I want it. Now you’re going to come and rip it apart? It is we’re not going to I wouldn’t use words rip it apart. We’re going to gently all everything that we do is by hand by the way, we don’t go in there with zip saws and not we cut everything with blades and then bite our hand and reduce the dust a little cleaner. Yeah, clean it up. And we’re we’re fairly well educated with this. We do. We are experts at high tech. So we’ve done over 350 condos we’ve brought down about 150 single homes now. detached and semi detached so it’s everywhere. townhouses still there, it doesn’t matter. You can live in a, you know, a two and a half $3 million home and you could still have high tech right? So, but anyways, when we go in there, we cut them by hand and we’re kind of, we try to make it as least invasive as we possibly can. But we cover the floors with paper with cover everything with plastic, and we tell everybody’s going to be okay. So in generally nine times out of 10 is okay, some people panic. But we always tell everybody this is the biggest thing. Go away for four days. Take your wife away. Take her to your absolutely yeah, go Belton down those water slides. Give me four days when you come back in. You wouldn’t tell him that we were in your house. Yeah, you wouldn’t. Okay, so we repair it we go through the pipes.
Everyone down here.
So you wouldn’t know we run Okay, so actually, I’ll just tell you a quick little story because it was kind of funny. But we were doing a condo in in Oakville we had to do is Chi tech. We had to do some floors and change a couple of doors and windows and Because I’m going away for a week, Mark just specifically for a week so you guys do the work, no problem we’re in. So he came back did the work he’s come back from holidays and I pulled up on the parking lots Monday morning and he’s out there in the parking lot and he’s f&m blind and and carrying on he goes, I trusted you. You said you want to get this stuff done for me and he goes, I could see the windows down I can see you got the floors done, but the kayak and as I said, Hey, relax. It’s okay. I took him through the process. I showed him the videos I showed him the pictures that were done. It’s all done. It’s finished. No way Have you been in my house? I couldn’t tell there’s not a speck of dust as I said Well, that’s what we pride ourselves on right so it was quite funny because he was out there screaming yelling at the some of the tenants are there and they were saying on the next day you know he’s got his arms around you giving you a hug
but if you’re in a condo doesn’t so if you do it in your unit is how our condos handling this right now is every unit owner doing it on the on their own?
It’s 100% their response Yeah,
okay. So but if the guy You doesn’t do it. Yeah,
is insurance covering that it’s all leaks onto my condo and the gray area. So it’s
just this is where it becomes very, very particular I got to be careful what I say here because I don’t want to say insurance companies are going to deny claims I’m not we’ve heard of it, saying that I’m going to look after this I’m going to look after that. There are some insurance companies that say we just don’t want to insure it because it’s just too much of a liability. So there’s a lot of airasia that I would highly suggest everybody thinks they have or they do have to call the insurance company and talk directly with them. Okay, and more importantly, get something in writing from your insurance company from an underwriter that has said that we are going to cover any issues if you have the high tech because the say the will and then when the claims come in, it’s Yeah, it’s it becomes a great that’s a great tip.
Okay, because I was just gonna ask the same thing let’s say I have it in my house I’m like oh my gosh mark, I’m just gonna roll the dice forget it and then I’m if I get something in writing from insurance that they will Cover it at least that I know if it’s a horrible situation I’m covered because that would be the other alternative to just not deal with it. Like I recognize I have it and say Screw it. Like I know I’m rolling like I understand how much damage can be caused by by a water leak especially on a higher level of a house or condo. But that’s my other I’m just trying to think what other options
it you’re gonna pay for. The homeowners gonna pay for it sounds really bad, but it’s at some point you’re gonna pay for. So you’re gonna pay for through a water leak. Yeah, a claim. Yeah. A direct cost for us or when you go to resale that’s the big one. Right? I mean, isn’t real estate you say? First thing comes out of most of us? Yeah, kinda
special anyone, any investor buying an investment property or an investment condo, this is the first thing they should be checking for our home inspectors. I’m finding they’re not educated on it either. So just everyone’s listening to this. We’re talking to our home inspector. So they’re going to be aware of all this kind of stuff. We’ll share your contact information for sure mark so that they can be connected with you. So if they have questions they can kind of reach out to you actually after this I need to give you a couple names right right away and this kind of stuff. And then I yeah, I just never heard of this stuff. Are you finding that people are surprised when they because I’m sure when when someone like something like this comes up if you’ve never heard of it before it came come across a little bit like i a little bit of fear mongering here. I’m okay with this plumbing, never heard of this stuff. But once you’re educated on it a little bit and you realize, damn, if you have this stuff in there, you need to be aware of it because the potential of this happening looks like at some point, it’s going to happen.
It’s gonna it’s gonna fail, right? There is not will it? It’s 100% will fail at some but what time that’s for some people, they’ve been living with it for 15 years already. But can be 15 years in one day or can be 15 years plus another five who nobody knows. It’s it’s a chemical reaction. It’s a physical property that’s going to happen, you know, so it’s it’s difficult to say The last thing in the world, we want to get people to start getting the scaremonger, but the end of the day. It’s a response. Oh, yeah. And you have to have it done. It’s the same as up and especially us and all these things. It’s do your due diligence, right? It’s buyer beware and make sure that you educate yourself these things, right. So
I want to ask, how do you have a cool such a cool story of, you know, going out of the country playing soccer following your dream? And then you know, coming back when you came back, how did you get into real estate was real estate did you go right into? Because you you build custom home? Yes. Yeah. So how did you get into real estate? Was it over there? You told me briefly over there. You were brand new,
and relevant. Yeah. So I was because I mean, I played I played soccer. And you know, I was a goalkeeper. And the reason the biggest reason why I was a goalkeeper kind of couldn’t run. I didn’t like running I thought there’s just crazy right? So I’m going to go and stand and that you’re
playing a sport where there’s basically running a marathon
every game hundred percent. And I’m like, yeah, you know what, I’m not the fittest guy in the world, but I got a big mouth, right so I can command and I did a good job. But just So when I was doing it there, I knew that that wasn’t going to last forever. And I wasn’t playing in the Premiership or anything like that. So, you know, multi million dollar contracts. Were not on my forte, but it’s so I just, I was thinking about the future. And I’ve always been at a construction background. So I thought to myself, you know what? I’ll start flipping some houses over in England. We did that we were successful. We came back to Canada in 2005 when my playing career ended, and my wife Caroline, you know, quite well. She was into daycare. She was an early childhood educator. So we opened up a daycare on Bronte road in in Oakville and a lot of rentals and for in the red tape, and that was crazy two years from start to finish to hit a daycare after it was, you know, a bungalow that we converted to a daycare was really good. But one thing that we noticed over the time in England and the first few years that we were here, we had, we’ve been in I’ve done everything retail, I’ve tried it all right, you know, it’s like selling vacuums. at all, I’m going to be rich every other day. But the one thing has always been consistent. My life is construction and real estate. And I’d said to Karen, and we said, we closed the store down with a retail store. And we closed that down. And then we, the daycare closed down. We had to reevaluate ourselves. And we’re both entrepreneurs. So it’s we think, okay, that’s how we’re going to reinvent ourselves at 40 years old, or 42 years old. Both our livelihoods are kind of taken away, which had the construction. So the one thing that we’ve made money, the only thing that we’ve consistently made money at its properties, right. So over the last 15 years, so we decided this, so we sat down, we said, okay, we bought this little bungalow, let’s convert this was on Winston and that was the first month we met Reuben. Yeah, so anyways, cool. We were going on so yes, you’re pretty good at this mark. Why don’t you keep doing this. So we did a couple more, a couple more. And then I see you know, as we’re In these custom homes around Oakville, Southeast Oakville and Western Bronte area, and it was quite successful. And then that’s when my wife said, You know what? We’re paying all these real estate agents all this money. So we gotta get it I’m sure you’re the same way.
I got our licenses because of the same thing. Why are we paying these realtors these commissions and these things? Let’s just get our real estate
license. Absolutely. And then the next step is obviously then, you know, Caroline’s joined in with you guys which is fantastic and she’s been often yeah you
guys are awesome story. Yeah, that’s that’s really it’s funny because we came to the realization the same way Nick and I, I had started some websites online. I was like selling digital cameras for a little while. Then I started some coupon clipping thing then really was it was taking off like, viral like it was shadley magazine, put it in the magazine, we didn’t even know but I thought my wife would take over because I don’t really like shopping and I don’t like coupons. So I thought she would i would create this and then she would like run it. But you know that didn’t really that wasn’t her cup of tea. She like why I don’t want to be running this website that you’ve created. So kind of shut that down and then Nick and I was a trading options for a little while, like I was two years heavy into option trading back and forth. And then at some point, I was buying rental properties with Nick throughout this whole period. And the rental properties kept producing cash flow, they kept going up in value. And I looked back what was right in front of me and I thought, Nick, why are we chasing all this stuff? Real Estate seems to be the one thing that just if you kind of keep at it, you’re going to make some money. And we put our stake in the ground ground, got our licenses, and eventually a year or two, I guess two years after that started rock star that’s kind of realization. You know, it’s like, why don’t we just go where the money already, you know, I tell everybody about there’s money trails in life, like, don’t try and reinvent the wheel, find out where the flow of money is going already. Yeah. And just step into that flow. And likely if you’re having integrity, if you’re good at what you do, like you are Martin some of that piece of the pie or piece of that money, wherever it’s going to flow to you.
And you know, what’s important to time you have to enjoy what you’re doing. Right like you try Everything right as I I, six years ago, seven years ago, I said to kill this Amazon thing, this online shop and I, I reckon we could do all this. So you know, as I, I don’t know about it right now you’re doing is like, you know, but the this, the construction is something we both love to do, like we really, really enjoy it. And we’re good at it and just know to go specifically into like the high tech and become a specialist and that it’s good to try to do a surface right and offer a service that’s going to help somebody Yes, we have to make a living. But at the end of the day, we want to try to alleviate the pressure from these things too. Right. And, and that gives you a good feeling right? And you feel like you’re helping somebody have some net worth right? So you want to be able to it’s just being able to reinvent yourself on the spot. Mmm, that’s another spot.
It’s pretty impressive for you guys to do that is really impressive with your life path and you’re saying something really important. A whole bunch of people go to where the money is you brought up Amazon, we know people killing on Amazon, but they’re really good at doing the arbitrage. They’re really good at crunching numbers with Excel spreadsheets looking at the product analysis, seeing what people are buying Seeing what you can ship products landed cost over here, finding a little opportunity executing on that. But if that’s not your thing, and you’re a very hands on guy, I can tell you you’re not, it’s not my cup of tea either to be like analyzing spreadsheets to that capacity. But if you’re an engineering type background, and you’re very detail oriented, that might be the beautiful business for you. And the reason you have to do what you love, I just love what you said, is because I tell this what I tell my kids all the time, I said, Look, life has a lot of suffering in it doesn’t matter what you’re doing, playing soccer, there’s going to be I’m sure in your time playing professionally, there was a coach you had who gave you some feedback or benched, you forget, you know, there’s going to be suffering and whatever you do, so you might as well go down a path that you enjoy and that you like, because life is has ups and downs no matter what you’re in. So if you’re in something you hate, and then you’re also going through some suffering period, like a down period, life really sucks. At least if you’re doing something you like. When you have those down times in life, you’re on the right path, and you can get through it. All right. I just don’t know, some people told me you follow your passion. And I used to take that to mean that I’m going to be happy every day there’s going to be no hard times. You know, like, follow your passion and that’s a way to and I didn’t realize that even if you follow your passion, there’s still good days and bad days. No one really explained that part to me, you know, I read those personal development books and I miss understood that like, if you follow your passion or do something you love it, it’s always good days. I didn’t realize it could still be bad days.
So yeah, you’re never ever going to get success in anything in life without failure first you have to fail in order to be successful. You know, when people say to me all it’s catastrophic is that embarrassing, you know, I had a soccer store. And I thought this is going to be a I’m going to own a chain, a soccer stores. I’m a professional soccer player, I got all these connections. I know all these people. It’s going to be great. And what a mess. You know what a mess and I’m not embarrassed
by ever sharing that. You know, that’s great.
I’m not embarrassed but I tried something and I failed. But that doesn’t make me any less of a business person doesn’t make me any less of a man. What has done is made me stronger and A little bit smarter. So now when we get into these kind of things, understand a little bit better the processes the things you have to do in life. To get there, we say this all the time to the kids. I’ve been coaching soccer for 16 years, I haven’t been playing for a while. So I’ll get back. But I say to the boys, or girls, whoever I’m coaching that time, it’s Don’t be afraid to make mistakes, go out on that soccer field. And, and don’t be afraid to make a mistake. Because if you go out there, then you’re not going to give 100% because you’d be afraid to make that mistake. So don’t hold back go for right and that’s it.
Life’s too short. Yeah, life is the same. And, and yeah, that’s such great advice I someone wants told me the importance of becoming the person that will automatically generate the success that you want. I never understood that. But you need to make mistakes to become the person that’s capable of handling different responsibilities when when I started that little coupon site. I The joke is my brother always shares this. He’s like, Tom, you realize Groupon? You’ve heard you’ve heard a group. Yeah. You realize Groupon went public about eight years later. A billion dollars. And I basically start I had the URL is called sales in the city, meaning sales going on in the city.com. I started this thing up, it was just people were giving me their email address it was going around like I would get email addresses at Hewlett Packard, for example. And you could tell people were talking about it, because I would get like, one email address. And then later that day, I could see I would have like 40 email addresses at Hewlett Packard. So everyone’s I guess, was sharing like, hey, sign up for this service. And I just hated the business. And more importantly, I wasn’t the person capable to take that business any further. I didn’t know how to get in touch with different retailers like you at the soccer, I didn’t know how to get it all connected and worked out. And then ears later, Groupon did figure it out and went public for a billion dollars. So I always joke with Nick, I wasn’t the PR, it was like, you can have the million dollar ideas. But if you’re not the person that is capable of executing on that you’re going to get nowhere and that’s why I love your idea, but making the mistakes. You have to make those mistakes to grow as a person for sure is important. Absolutely. Yeah. So, so sorry. This started with high tech. No, no, no, no. I love that go. So on the high tech stuff, what else do we need to know you need, you can check it yourself or you can go to gh developments.org. Yeah, your website will link to it. You’ll see some cues on your website and the tie tech section.
There’s a section for high tech
or you call someone like yourself, your contact information is going to be on there. You’ll come in and kind of check it out. Yeah,
it literally takes five minutes
what geographic people listen to this right across Canada? What service area Do you cover in the
right now or southern Ontario?
Okay, okay. So you will cover Southern Ontario. Absolutely. Okay, got it. Okay. And then is the same for condominiums. Unit owner calls you come into the condominium or do you need some other different access for a car? No,
no, not at all. Just the individual condo owner can call us okay, we can go out. I can almost guarantee you. If you’re a condominium was built between 1995 and 2007. And it’s in Ontario. It’s probably 90% got it. Really? Yeah.
So are some very loving the whole building.
Yeah, so some are like Fairview like a saying. That’s in the commentaries as
well. They’re doing everything yeah, so
Apple be lying those ones they’re the orchard they call them. They’re individuals that are doing that so, but some of the areas aren’t like the ramps going to the underground parking. It’s Kotex in there. The crazy thing with that is at some point all that the ramps will have to be dug up in the pipes because
I followed like off because you mean it’s a heated cement ramp? Yeah. And they’re using high tech plumbing in that summer Yeah,
yeah. And that’s full of glycol so if it was to burst there so what’s glycol I don’t I’m not aware it’s a an anti freezing agent that kind of they warm it up. So it just keeps that concrete like above zero so there’s no ice or build up so going down to the ground party almost all anybody’s got underground parking that will have that it’s
okay God and so if you’re listening to this, like I hate to share stuff like this, but it’s also important to share stuff like this so that we all know this so that if you need to, you know if you need to take precautions, check out your house, check out your condo, get educated on this stuff. You can reach out to G at Chai developments for questions. I guess you’re going to email me Rest is on there.
Yeah. Yeah, everything’s on there. Yeah, my cell phone and stuff on there. So cool. I’m always open, but it’s just it’s a good thing just to educate yourself with it right? And just and the choice is yours. No, you don’t have to change it. You can roll the dice. We know some people say you don’t want to wait till it breaks. Okay. But
no, I like knowing I like I like planning for the worst at all times. short time, you know, a big thing in real estate. We’re always short term paranoid, long term optimistic. Yeah, I’m always looking around for all the different dangers around me. So if you want to roll the dice fine, but at least be educated on it. So you know, you’re right,
because that’s where a lot of it comes. We always get it too. We’ll get a call from a real estate agent or a lawyer. Now real estate loans help. Well, we got this, can you come and have a look at this and then you know, negotiations start, and you usually end up paying twice as much right? So yeah,
got it. You mean paying twice as much in that situation? Because it’s not handled beforehand. Someone’s buying your house. They’re asking for twice as much doing plumbing that
is now becomes a hassle, right?
Yeah. Yeah. And I didn’t when they asked twice as much, they asked twice as much for the repair costs of it because they’re gonna have to Deal with it. They’ll still buy your house. Yeah, got it.
Okay, try and get a free holiday.
Mark, anything else about this? I think we’ve covered anything else. Yeah. I really thank you so much. I know you’re busy. We tried to schedule this like 15 both of us need help with scheduling our calendar.
Was it? I think it was like in June.
I don’t know. I think it was a long time ago. And you are officially the last podcast we’re recording in our old office. I wish you could come by the new office. But this is the last one here. So yeah, we’ll do it again. But don’t do it again. Thanks, Mark. Really appreciate that. Thank you very much. Hey everyone, so hopefully you enjoyed that. If you want any other information from Mark about this, you can go to his website g h i developments.org. That’s g h ai development.org. his contact information is out there. And remember if you want any real estate reports, you can always go to Rockstar inner circle calm. The one I was talking about at the intro is available there and instead of paying for your child’s education if you took that money and bought an income property instead, what appreciates faster the value of that property or their income after university. It’s rather interesting data to look at you can get a copy of that at Rockstar inner circle. com forward slash reports. Until next time, your life your terms