beyond MD with Dr. Yatin Chadha

Welcome to part 1 of a 4 part series on the BRRRR (buy, renovate, rent, refinance & maybe repeat) method of real estate investing featuring Quentin D'Souza.Quentin is one of the most trusted voices in Canadian real estate investing. He started as a school teacher and has now built a real estate portfolio worth > $125 million.Discussion points:- Quentin's inspiring story & background in real estate investing (3:45)- Developing the real estate investor mindset (11:46)- Introduction to the BRRRR method (13:45)- Buying - solving problems, finding listings off the MLS (17:22)- Buying - the importance of relationships (23:43)- Key questions to ask a realtor (26:51)- Screening properties efficiently, mapping out a city (29:35)RESOURCESQuentin:website: https://quentindsouza.com/Durham Real Estate Investor's Club: https://durhamrei.com/IG: https://www.instagram.com/qmanrei/LinkedIn: https://www.linkedin.com/in/quentindsouza/Get Real Wealthy Podcast: https://podcasts.apple.com/ca/podcast/get-real-wealthy/id1556449211Books:The Property Management ToolboxThe Filling Vacancies ToolboxThe Finding Properties ToolboxThe Action Takers Real Estate Investing PlannerLink: https://www.amazon.ca/Property-Management-Toolbox-How-Investors/dp/0993671713Yatin:Email: beyondmdpodcast@gmail.comWebsite: https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/YouTube: https://www.youtube.com/@beyondmd7203IG: https://www.instagram.com/beyond.md/

My exploration of investing continues today with Jeremy Donath, LL.B, CIM. Jeremy co-runs the Donath & DiSabatino Wealth Management Group in BMO Private Wealth.Today's topic covers Liquid Alternative Investments.Discussion points:- Jeremy's background & experience (7:06)- Basic investment approach (8:08)- What is a liquid alternative investment? (10:46)- Sectors and asset classes covered by liquid alts (12:34)- Accessed by individuals or institutions? (13:46)- RRSP eligibility (14:42)- Checklist for due diligence - critical (15:16)- Rationale for liquid alternatives in the portfolio (22:40)- Challenging liquid alts through the illiquidity premium (25:32)- Returns of liquid alts vs TSX & SP500 (27:05)- But most rolling 10 year periods since 1937 are + for index funds....(30:08)- Pivoting from alts to equities & vice versa, dealing with market timing (34:50)- Pension funds & liquid alternatives (37:16)- Fund fact sheets - information we need to know (39:04)- Hurdle rates (40:23)- Performance fees, high water mark (41:06)- Any fees when you sell the fund? (44:16)- Upside & downside capture (45:24)- Sharpe ratio, sortino ratio (46:24)- Closing remarks (47:59)Jeremy's email: Jeremy.Donath@nbpcd.comJeremy's website: https://nesbittburns.bmo.com/donath.disabatino/My email: beyondmdpodcast@gmail.comMy website: beyondmdpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram: https://www.instagram.com/beyond.md/

It's an honour to host Sasha Cucuz, CEO of Greybrook Securities on this episode.The focus: understanding real estate development based investingDiscussion points:- Sasha's very interesting path (2:40)- Greybrook's healthcare investments (6:00)- How Greybrook is structured...greybrook capital, realty partners, & securities (7:57)- Overview of types of projects & key markets, investment strategy (9:08)- How a development project works start to finish, how returns are generated (12:20)- Limited partnership structure (18:54)- Tax implications of investment returns (21:36)- Macro: project timelines, roadblocks, supply contraints, the silver lining for returns (22:04)- Micro: project selection, underwriting, risk management (28:06)- Impact of interest rates & commodity prices on development & investment thesis (33:15)- Exit strategies, managing the unexpected (37:42)- A note on developers, additional risk mitigation strategies (43:16)- How taking a contrarian approach can be beneficial (50:10)Greybrook website: https://greybrook.com/Beyond MD website:https://beyondmdpodcast.com/LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram:https://www.instagram.com/beyond.md/

I'm very fortunate to host individuals like Dr. Ketan Kulkarni.Dr. Kulkarni is an east coast pediatrician specializing in Hematology & Oncology. He wears many hats, having published >>100 papers, is a passionate entrepreneur, keen advocate for financial literacy, & a best-selling author.His journey is inspiring & filled with valuable life lessons. Ketan talks about how striving for a broader identity has made medicine more enjoyable,  his experience with burnout, why creating internal yardsticks for success & living in line with one's core values is critical, his relationship with money, mental traps he is prone to & more.I had the chance to read Ketan's best-selling book (published with Dr. Francis Yoo) called the Legendary Quest. This book is highly applicable to all physicians & professionals. It outlines common mental traps & offers solutions for a more fulfilling personal & professional life.Ketan's book, the Legendary Quest can be found at:https://www.amazon.ca/Legendary-Quest-Professionals-Excellence-Fulfillment/dp/B09TWPHFFRLinks:Ketan's website:https://www.savvyphysician.ca/My LinkedIn Profile:https://www.linkedin.com/in/yatin-chadha-29074b109/My Website:https://beyondmdpodcast.com/Paper covering 1937-1938 (financial history):https://www.nber.org/system/files/working_papers/w17595/w17595.pdf

Elan Weintraub from the Mortgage Outlet is back!Discussion points:- mortgage landscape (4:13)- interest rate thoughts/predictions (7:21)- variable rate vs adjustable rate mortgages, trigger rates, negative amortization (8:36)- variable rate mortgage considerations (14:13)- mortgage approval process today with focus on medical trainees (18:09)- appraisals/refinancing in today's market (22:28)- mortgages through Holding Company: rates, Helocs, joint ventures (25:52)- HELOC - home equity line of credit (28:58)- intro to commercial mortgages (33:18)- final thoughts (35:20)Links:Elan's email: elan@mortgageoutlet.caMortgage Outlet: https://mortgageoutlet.ca/Physician Financial Wellness Conference: https://www.eventbrite.ca/e/physicians-financial-wellness-conference-2022-tickets-382280389937LinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/

In this interview I sit down with Mark Halpern, CFP, TEP, MFA-P.Mark is CEO of Wealthinsurance.com & has been assisting professionals and many of Canada's most affluent families for decades with an expertise in insurance solutions and tax strategic philanthropy to enhance wealth and build generational legacies.Discussion points:- Mark's background (5:37)- the reasons people pursue philanthropy (7:36)- gifting of appreciated public securities (11:23)- gifting through professional corporation/HoldCo has a triple benefit (15:13)- who accepts appreciated securities? (17:12)- gifting of appreciated private shares (18:31)- RRSPs - tax implications, charitable strategies (21:02)- CPP philanthropy (23:33)- Additional insurance strategies (28:03)- recognized for large gifts through life insurance (32:49)- charitable receipts (37:19)Resources/links from Mark:website: https://wealthinsurance.com/email: mark@wealthinsurance.comLinkedIn: https://www.linkedin.com/in/markhalperncfptepmfap/Samples from Mark's Monthly Tax Letter:https://wealthinsurance.com/webdoc/TaxLetter-Seven-Defensive-Strategies.pdfhttps://wealthinsurance.com/webdoc/TaxLetter-Preserve-Your-Wealth.pdfhttps://wealthinsurance.com/webdoc/TaxLetter-Accidental-Philanthropy.pdfList of all Tax Letter Publications:https://docs.google.com/document/d/1hNhZ7CSeOr2NBNdwZXCs6nL5gsRZb1Eisht_D5JxfeY/editThis episode is brought to your by taxpay.ca. Taxpay is a safe & user friendly online platform facilitating all of your tax payments (organized by yourself or your accountant).  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 month of free access.Taxpay.ca website: https://taxpay.ca/user/accountantScreenshots guiding set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

In this episode I interview Gareth Tingling, CFA, MBA, who is a Portfolio Manager at Foster & Associates.Gareth's investment blog: https://www.wheelhouseresearch.com/Discussion Points:- Gareth's very interesting background (2:32)- intro to buy & sell side analysts (9:53)- early vs late sell side analysts, why the # of analysts is important (16:02)- understanding analyst incentives, buy, hold, sell recommendations (24:21)- key differences between buy & sell side analysts (28:20)- examples of the buy & sell side (31:39)- buy side: WALAR & TOMO (34:08)- introduction to valuation (37:15)- price to earnings multiples; earnings yield (40:35)- Apple/AAPL (42:50)- Equity risk premium, cost of equity, Beta (45:27)- Trailing vs forward P/E ratios (51:35)- historal P/E ratios (57:01)- NVDA & understanding what you're investing in (58:23)Reach out to me at beyondmdpodcast@gmail.comLinkedIn: https://www.linkedin.com/in/yatin-chadha-29074b109/Instagram: https://www.instagram.com/beyond.md/

In this episode I sit down with Simon Mass, founder & CEO of the Condo Store.Simon has more than 25 years of experience in real estate investing & is a true leader in the pre-construction space. Condo store website: https://condostorecanada.com/Simon's email: Simon@condostorecanada.com Discussion points:- Simon's experience & journey in real estate (6:12)- The Condo Store's business model (10:59)- rising borrowing costs, interest rates (15:10)- Pre-con basics, GTA corridors, masterplan communities (18:05)- Selecting a builder, maintenance fees (22:55)- Deposit structures (26:24)- macro outlook, supply-demand, development challenges (31:36)- condos vs single family homes (39:25)- resale vs pre-con condos (42:54)- condos are cash flow negative (47:30)This episode is brought to you by taxpay.ca (30:08). Taxpay is a platform I use where you or your accountant can schedule all of your tax payments (personal tax, payroll remittances, corporate tax payments, GST & HST).  Taxpay can help you simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.Taxpay.ca website: https://taxpay.ca/user/accountantArticle with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

Welcome to my 3rd solo episode! Today I discuss a topic that is deeply meaningful to me: the Arrival Fallacy.More importantly, we will talk about overcoming the arrival fallacy and the implications this has for a more successful personal & financial life.Summary:- my past and where I went wrong (1:03)- arrival fallacy definition (7:24)- the role of dopamine (10:35)- 5 ways to overcome the arrival fallacy (14:25)- a tale of 2 doctors (20:51)- spending on what you value (23:14)This episode is brought to you by taxpay.ca (12:56). Taxpay is a platform I've been using where you or your accountant can schedule all of your tax payments. This includes personal tax, payroll remittances, corporate tax payments, GST & HST. Taxpay can help you to simplify your life, forget the stress of taxes, eliminate potentially hefty penalties, all so that you can focus on more important things in life.  You can sign up for taxpay.ca today using the discount code "beyondmd" on the pricing page to get 6 months free.Taxpay website: https://taxpay.ca/user/accountantArticle with screenshots to guide set up: https://taxpayca.zendesk.com/hc/en-us/articles/9043147171860

This is THE episode many have been waiting for - a conversation with the founders of Physician Financial Independence (PFI) on facebook, Paul & Jane Healey.We cover a broad spectrum of topics including:- PFI behind the scenes- how they work as a couple/team- what they value in life- the relationship between money and happiness- talking to kids about money- financial/investing lessons- paying off debt vs investingThank you Jane & Paul for your unwavering effort in promoting financial literacy in the Canadian physician community!