Global Investors Podcast
GI21: Financially Free By 30 via U.S Real Estate Investing from Canada with Janie Grenier & Kyle Duelund
November 13, 2019
0
GI21: Financially Free By 30 via U.S Real Estate Investing from Canada with Janie Grenier & Kyle Duelund

Janie and Kyle are co-founders of Wemindji Properties and STR Properties. They are based in Canada and have become financially free by the age of 30 by investing in US real estate. They invest in a number of real estate asset classes including; multifamily, mobile home parks and short-term rentals.

Watch The Episode Here:

Listen To The Podcast Here:

Transcript:

Announcer: Welcome to the Global Investors Podcast, a show that focuses on helping foreign investors enter the lucrative US real estate market. Host, Charles Carrillo, combined decades of real estate investing experience with a professional background in international banking to interview experts in all areas of US real estate investing. Now here’s your host, Charles Carrillo.

Charles: Welcome to another episode of the Global Investors Podcast. I’m your host Charles Carrillo. Today we have Janie Grenier and Kyle Duelund. Janie and Kyle are co-founders ofProperties. They are based in Canada and have become financially free by the age of 30 by investing in US real estate. They invest in a number of real estate asset classes including multifamily, mobile home parks and the short term rentals. So thanks so much for you guys being on the show today.

Janie: Thank you for having us

Kyle: Thanks. Absolutely. We’re excited to be here and we’re excited to bring as much of us to you and your audience as we possibly can all the time.

Charles: That’s awesome. Thank you. Yeah. You have a very interesting story. You guys were financially free by the age of I think 27 and 30 is that correct?

Janie: That’s correct. That was two years ago.

Charles: Awesome. Okay, great. Great. So what was your professional background prior to you guys partnering?

Janie: Professionally, I’m a registered nurse with a specialized class, so my specialty is working with the Aboriginal people of Canada and Northern Canada. So that would be considered outpost, a remote nurse and nursing.

Kyle: And for me in a past life I was a math professor. So I’ve actually taught from elementary school all the way up to a university at Concordia university in Montreal.

Charles: Okay, awesome. That’s great. So what asset classes are you guys, I mean you’re focused on a number of different asset classes. What’s your main focus? I know you’re in like seven different cities or something or short term rentals, but for your, our apartments and mobile home parks are, that is, yeah, your main focus.

Kyle: Right. So real quick, because we do a lot of things and that’s not the reason. But when it comes to residential, we’d like to focus in one city and that city is Cleveland, Ohio. So anything, four units under, we’ve got a strong foothold there. When it comes to acquiring larger assets, so when an apartment is, if we’re talking 25 units up, mobile home parks, 25 units up, it really doesn’t matter right now we have holdings in Ohio and Michigan, but we have all them, the U S right now the asset is large enough to sustain building a new team in any, any location that we find an amazing deal in. And for short term rentals really any asset class, we can help renters, we can help investors. We can on the residential side, on the multifamily side and even, hotel owners, mobile home park operators, it doesn’t matter. We can, we can lend a hand in any asset class with this year.

Charles: So for the markets that you’re focused on in the United States is mainly going to be Cleveland for your residential, multifamily and then also for Michigan.

Janie: That’s right. That’s right.

Kyle: That’s where we have the majority of our holdings right now, but we’re always looking.

Charles: What do you guys like about those markets? I’ve heard Cleveland a number of times.

Janie: Yeah. I mean it’s, so, first of all, it’s not too far from where we’re at. So we’re out of Ottawa and Montreal. So it’s not too far. The other thing, I always a great landlord friendly state, which is something that when we explored we fell in Ohio and we really liked the landlord friendly States. The other thing is you can get a lot of bang for your buck in Ohio. So Cleveland specifically. The rents are decently high for the amount of money out of pocket. So your traits and your cash on cash returns are high, higher than the average in the US so that’s why I really liked Ohio. And Michigan similar as some of those.

Kyle: And Janie, the Lake loves water, so Cleveland’s right there.

Charles: How do you guys normally find your properties? Is it off market? Do you have brokers in these select markets that you keep in touch with? Or is it a little bit of both?

Janie: Oh, definitely a little bit of both. So work for a residential properties, and my residential, I mean , the single family home, small multies and small apartment buildings, I buy in Ohio and Cleveland specifically. We do both, we do a lot of networking. We attend a lot of networking as well. We’ve built a network of wholesalers that we work with and other local wrestlers. And of course we dabbled in the MLS as well. So we have some trusted real estate realtor on our team as well. And for the mobile home parks, mainly our offers are in the Midwest as it stands, coz we do have quite a few across the US national wide. We really like the Midwest, Michigan, Ohio, Illinois, Indiana, that, that section. And we built a team of a broker is basically that we work with and they’re specialized in mobile home parks. That’s what we fit in. They’re all off market deals.

Charles: Okay, great. That’s, that’s the best way of doing it. What kind of teams do you guys have in place for putting everything together? I mean, in all the different markets.

Janie: Yeah, well definitely. Yeah. I mean we do have our par teams in the mobile home park district. It is our short term rentals and with our longterm holdings.

Kyle: Yeah. So it’s, it’s different investment models depending on where and what we’re talking about. But just to be able to dive in maybe a little bit more specifically in what we do in Cleveland. And the reason why we only do residential is like, that’s where we do , you know, some residential flips. That’s where we, we help some learn how to do real estate on the smaller deals in Cleveland. It’s because we have the team there. Let’s take a substantial amount of time to build a trusted team. Just in our first year, for example, we brought two contractors and two property managers to court. And you know, so you’re going to kiss a lot of frogs before you, you end on a prince or princess in my case. But absolutely, so if we’re talking residential, we only do Cleveland.

Charles: Okay. Yeah. That’s awesome. And how are you doing your financing if a lot of the stuff’s off market for the mobile home parks? Are you guys doing a lot of bank financing or I imagine the off market stuff you are able to create some sort of seller financing situation,

Janie: Right. All of the above. Properties we do, we have lenders that work with foreign nationals and loan to value is a little different. A little less than your typical American citizen would get. Still works as long as your exit strategy. Yeah, as in place.

Kyle: And cashflow is there. So we basically have some lenders that are just cashflow oriented. So, so long as the asset is cash flowing massively well they’ll land. They were comfortable ending on it. So that works great because that’s what we buy as well. We buy massive cashflow assets.

Janie: So multifamily, we have lenders for that and the mobile home parks as well. So hold on. Parks typically will be a mixture of creative financing with seller camp for the most part on all the parts. And we have a broker that basically it full, it’s hard money, it blenders for mobile home parks.

Charles: Yeah, it’s usually you find lenders will kind of have their own specialty of what they like lending to and if you stay within that then it’s, you can, you can do business with them. But you guys don’t syndicate any of your own deals at this point. Is that correct? It’s all yourself

Janie: Basically been running ourselves, our own capital. But we do have a few partners that we do partnerships but we haven’t seen.

Charles: Okay. What are you looking to when you do sydicate, what are you guys looking to focus on asset class to do? Is it going to be mobile home parks or larger multifamily or,

Kyle: Yeah. Well, so just to maybe back step just a little bit. So we didn’t look at syndication quite a bit and we decided to put it for the time being on the back burner. That doesn’t mean it’s off the table forever. But what would we really like is our specialized knowledge in mobile home parks and the value add opportunities that it holds enough capital backing in that asset class. You can really make a big deal. Well, for example, if you target the home parks with say 30% of vacancy and all you need is to bring in another 20/30 homes, all that just doesn’t happen overnight. You need capital, you need time. You need systems to make that happen. But what you do? That is income that’s just coming out of nowhere and just spending maybe $15,000 to buy a mobile home. Okay. Do some marketing for it. Well, that $15,000 investment once rented can correlate to a 30, 40, 50,000 bump. It’s value. So that value add is very predictable and it’s your own efforts in your control. You’re not where the economies up. You’re not waiting to increase rants. You’re not waiting. You can, as soon as you spend that 15,000 do a little bit of marketing, get a tenant, your value goes up tremendously in the assest.

Charles: Well, how long does it usually take when purchasing a mobile home park? If you’re, I imagine everything you do is you’re adding value to it, just like you explained. How long does it really take to get tenants into those parks? I mean, it’s not just like renting an apartment.

Kyle: That’s right. And that’s why a lot of people ask that question and we’ve come up with a little trick or a little a ratio. I’d say three, two, one. Mark is filled. Three, Two, One is the ratio at which we recommend park operators to fill their parks. So it goes like this for every three usable homes that you buy from wholesalers, from wherever you find used mobile homes, you buy three of them, like that average price in Michigan, you’re talking maybe 10,000 on a deal and then to hook it up and have everything done, maybe 15 all in her whole, so you do that three times and new market to fill it up. Next you’re going to apply it with the 21st mortgage cash program, which is basically Warren Buffett 21st preparation, buying brand new inventory from retailers and placing that inventory on your, cause you’re the park operator. Then it becomes your job to sell the homes to the public. But in, so you have brand new inventory and so you’re upping your Park’s a prestige at the same time. So you buy three used Warren Buffet buys too. And then you try to market to have one person convince one person to bring to your park. So often a mistake that operators do is that they buy a park and they say, I’m just going to start marketing. People are going to bring their homes on my park. Well that’s in fact, you know wishful thinking. Out of six, you can expect one to do that and you need some pretty substantial marketing and incentives, have people move into your park?

Charles: Yeah, I’ve heard like I know down here in the Southeast it’s about $5,000 plus to just move the trailer a short distance. So, I mean I’ve heard other park operators as well were saying that they try to avoid buying, owning the actual trailers. But obviously that’s the fastest way of filling it up like you just explained, is do you find a problem with a tenant base that’s moving into say the older trailers? I imagine the newer trailers you can kind of be a little bit more discerning on who you rent to?

Kyle: So that’s, that’s an excellent point. And yes, that we follow that same model as well. Our goal is not to own the trailer. We might have to purchase the trailer owner temporarily, but the sell it even at cost to get it off the books, but he effectively, and the mobile home space, there’s the rent if you own the trailer and there’s the lot rent really. So we just do everything we can to get homes, fill up the spaces, then sell them off even at cost so that we get the lot rent.

Janie: Not forget that. Mobile homes, it’s a car, so it’s a depreciating asset to break. So the maintenance on those and to be quite high, that’s, that’s why most investors shy away from owning the homes and just basically get the lot rent. Cause that’s where the,

Charles: How do you structure, say you have a used home, it’s a, you said it was $15,000 after it’s all connected. What is something like that? How would you structure that to a potential renter/owner?

Kyle: It is very, very case by case. We work as best we can so that we’re not out of pocket and they can ultimately get in and start paying written. So it becomes very creative.

Janie: Yeah. Because obviously we can offer seller financing, we own these homes, we can, you know, we can work with them. And that sense there’s also, I mean Josh wanted the program, the first 21st century mortgage company. As a specific program or mobile homes. So as an investor you can’t just go to be the what, 21 mortgage and asked for a bank loan on a mobile home except for the cash program. That’s the other side of the program. But, but as an operator, you can’t just ask for a $10,000 loan, but someone who’s going to be actually purchasing the home, the, these types of programs and actually get financing on that specific home. So there’s ways to not only do seller financing but hook them up with specific lenders that do just Mobile home mortgages. So there’s, there’s ways around it.

Charles: Yeah. And then that actually cashes out your money back and then you can restart your program. So that’s an awesome, that’s an awesome strategy. I’ve never, I’ve never heard of that before. And you guys obviously have used it and utilize it. So what size parks do you guys look at? You usually look at when you’re, when you’re focusing on off market deals and stuff.

Kyle: When we got started, it really didn’t matter what size it was. So long as we can get in for as little as possible, the cash flows nicely and there’s value add. Those are kind of the criteria. But we realized after, after doing it for a little while and when we were looking to refinance them on the backside we’re having a hard time refinancing and we learned this by trial and error. So parks appraise and who are valued above $1 million once you’re looking to refinance are going to have to be a lot easier to refinance. There’s a lot more lenders that are willing to do that. So that’s a consideration we put in now that we might buy the part for 300,000. But by the time we’re done with it, we want it to appraise above a million because it opens up a lot more.

Janie: If you’re asking about our ideal park, we’re looking at over a hundred lots and ideally with a public. But we’re not shocked what? We’re not afraid of the private utilities. We were, but, but well, their parents have, I want utility so we’re used to them.

Charles: Okay. Okay. I got you. Yeah. Because I imagine if it’s connected to city sewer, city water, that eliminates a lot of issues that you could, that could come up. Where you were saying just a minute ago when I just lost train of thought, but you were talking about the financing. The same thing with apartments as well. You get it over a million, then you have like Fannie and Freddie. Now ours is the lending that you would find $1 million plus loan amount in a mobile home park. Is that similar to, is that a government backed us loan product like a Fannie and Freddie Mac kind of.

Janie: Fannie or Freddie do mobile home parks. Not sure if it’s just above a million, but they definitely do mobile home parks above a million. And then there’s different banks that will, our lenders that are specifically tailored to mobile home park.

Kyle: There are brokers who specialize in that and there’s not that many. But for those who are interested in, for some reason the names, the mobile home university have a good connection as well. For the financing bit. And it’s just the name is escaping me right now.

Charles: No, it’s just, it’s interesting when he gets over that amount, cause I’ve heard Freddie or Fannie, they, I didn’t know if both of them were doing it but that’s kind of the gold standard loan with any type of housing type of product. But it’s, it’s great that they do it for mobile home parks as well because it just makes sure that the inventory out there is, you can get good operators that are actually taking care of the property. So that’s awesome. Now I want to kind of shift gears a little bit cause this is something that very much interests me and I’ve spoken to people at conferences about short term rentals and you guys have them in eight different cities. Is that correct? Across the US and Canada.

Kyle & Janie: That’s right.

Charles: Wow. So how does, how does a system in place, I mean obviously you’re working with, I imagine like Airbnb and BRBO and how does that, what kind of team on the ground do you need to handle that and how does that differ from like say your, your small multifamily in Cleveland?

Kyle: Right? So those are excellent questions. And the, how we got started is basically we got started just in one city, Ottawa, I don’t want to Terio Canada. Yeah. This capital. And you know, that’s where we just over two years now we set out and we were, we want to learn how to do it well and then we’re going to learn how to X as cities and what do we need to add cities, right? That’s a big, it’s a big scaling obstacle. And what we realize is we need people on the ground out with people with very specific responsibilities. So we need someone who is going to look over the inventories. We’re gonna make sure the cleaners are doing their jobs. We need someone to on an on call basis, is available to go to the property if needed. Do we need someone to go on the property on a non-scheduled basis? But I’m sure you’re going to ask me a question in a couple of minutes. Let’s get to counter-act this much. Nonetheless. You need someone there. So we call them our local listing managers. So SDR properties is the main one and they have local listing managers in every city it operates in. And in those cities we can offer the full service hosting package. Otherwise we’d have to offer a, like an account manager. We can, we can manage anyone’s Airbnb account and bring in so software boosts, you know, marketing boosts. So pricing boosts, calendar management and all of this. We can do that anywhere in the world as it is right now. No problem. But in our eight cities we can do a lot more. We can make it a full service hosting, which is really, really exciting for investors.

Charles: So that’d be someone that lets them in, sets up the cleaning or has that arranged and everything looks at the unit, verifies it after the people leave that there’s not any kind of damage or anything like that. That’s kind of what that listing person, his job is?

Janie: Not quite. So we systematize to be as hands off as possible. So all the check-ins are done remotely. We use electronic logs that are connected to internet. The guests receives their codes that are, is only good between checking and checkout. If they tried to, it can be for checking, it’s not going to work and vice versa. So, so that’s systematize as much as possible. If for instance, the Eli doesn’t work properly, we have backups on, on, on place. So we could tell the guests go in the back of the will in the backyard. For instance, you’re going to see a the lock box that the key, and then we’ll send someone to change the batteries or something like that. So there’s always backups to backups and everything that we do. Ultimately the listing manager is there time, more listings. So that’s fair enough. If you give them a piece of the pie, we give them a percentage of profits. So that’s their incentive a go out and find more listings. We have a cleaning company that has, that supervises. So basically a clean company that comes in, we’ll do the cleanings and make sure everything’s okay. Then also usually, yeah, inventories as well. But yes, the listing manager is responsible to make sure that things are well taken care of and if anything is missing then they’re the ones pick it up. Although again, we systematize a lot of the things. So all the cleaning supplies, everything is sent to the property once a month. It’s, everything is the same everywhere. They just have to pick it up, drop it off at the property and then move on with their lives. So it’s the very nicely done system where we’re very much systematized and hands off as much as possible. Is there anything you wanted to add to that?

Kyle: Yeah, well just say it. So the question maybe a bit less words. The local listing manager is there to supervise the cleaners inventory and be the emergency department.

Charles: I’ve seen a lot of that changing as I do Airbnb and you get there and it’s all it, which I kind of liked better because after you’re traveling the whole day, the last thing you want to do is just be kind of a storm for 30 minutes. Yeah. But the thing is do all the properties now for short term rentals. Now you say you can go and you can handle, I imagine you don’t own all of these. Correct? You have someone that owns them or your partner and you guys are splitting fees. Is that kind of how it works or

Janie: That’s right. So, so we do have our own with our own properties, but we also partner with investors and homeowners that want to get Airbnb or had short term rentals in their homes, their, their spare bedroom or their apartment buildings. And so we partner and we basically just take a percentage like a management company.

Charles: And how does it like for the difference between, I mean how you’re not going to have every 30 days, every day of the month rented out. How does a normal return when you’re selling it to someone that you can help them do it? What does it differ? Say like you gotta you have a two two that runs for 1300 1400 or whatever, and now with your service, less people in there less days occupied, how does that work on returns?

Kyle: Yeah, absolutely. So SCRs value proposition to investors is if we can’t increase your bottom line by 30 to 50% we’re going to be very upfront about that and we gonna say, probably not the best solution for you. We want to at least increase your bottom line by 30%, by working with them

Janie: And in terms of occupancy, our goal is to optimize its occupancy. So across all our portfolio we have an occupancy rate of over 90%

Kyle: Keep in mind that market average occupancy is usually in the 60%. so we are really, we know how to optimize. We know how to work the booking channels. We know how to become the preferred partners, say on booking.com or super hosts or Airbnb or you know, we know how to good get the best ranking on the platforms. Plus we know how to play with pricing exceptionally well and increased revenue and maximize occupancy. That’s really the benefit that we, we go in the, the difference in 60% occupancy and 90% occupancy. That’s where you really get the short term rental and, and that’s where we can, we can come in at.

Charles: Yeah, super host thing. I mean that’s great to have and to be able to, what a selling point when someone looks at it. Cause if you’re, you know, you don’t want to waste time and you find someone and this is like a legitimate company and it’s a legitimate, it’s not just their mom and pop. Who knows what kind of reviews or anything like that. So exactly. When you guys are looking, when you’re ready, we’re working with the short term rentals where you put it through your software, someone gives you a potential property and how, what’s the difference where you see like obviously so 30% that if you can’t reach, but is there anything else that you look at that you say, well that’s probably not gonna fit into our system?

Janie: Well for ones the neighborhood. So, so the first thing we do is we ask the percent of potential owner to send us the address. From there we’re connected with the back office BRBO or Airbnb and those kinds of software. So we can pull out some market data and see how much your property on average and rent on these softwares. So we’re, we’re going to do some market research and make sure it makes sense. Not like Kyle said, most of the time the average occupancy for most hosts about between 50 and 60% we try to maximize that as much as possible. We tried to increase occupancy as much as we can.

Kyle: So we’re connected to the back end of these booking platforms so we can extract the data of comparable listings in your neighborhood. So just like on our website, you can put it in your address and we’ll produce a complimentary report and it literally says your listing should be producing your, your two bedroom apartments should be producing $20,000 of income in the next 12 months. We can provide that information and we do complimentary to people who are interested in onboarding their listing.

Janie: And then from there we’ll take a look at the neighborhood. So I was so the neighborhood and if, if it’s like a sketchy neighborhood where you know it’s more of a hood area, definitely don’t want to manage there. We just would not want to send yes in areas where you would not be comfortable. So we’re not going to be taking on properties that we feel is dangerous or unsafe for guests. So, and then the other thing is if there’s no data whatsoever, we’ll just be up front with the owners and displaying that there’s just no data for us to base ourselves on. So we’re going to do our best to increase its maximize occupants into maximize profit. But we just have no guarantee.

Charles: And I imagine when you get that report back from Airbnb or BRBO of say the $20,000 in 12 months, you can then base it that, Hey, with our system, with our team, with how we, you know, our algorithm, we can get that to whatever number 30% higher or something like this. So.

Kyle: Yeah. From that point on it becomes very case by case and it’s just a conversation at that point we’ll about the property. So a lot of properties have just these special amenities, special perks, and that obviously is attractive to a travelers. So every listing is unique.

Charles: Okay. Awesome. So I want to touch on one thing here with your, you guys do a lot of meetups coaching a bus tour in Cleveland. Tell us all about your, ah, your coaching and your teaching that you have going on with people. I guess you do it both in Canada and then also in the United States. Is that correct?

Kyle: That’s right. That’s right. Our, our focus is remote investing, how to run real estate, a real estate business or businesses like we’re doing completely remotely and successfully. And so we do teach people how to do that here in Montreal. We have a monthly meetup. It’s free, it’s called remote US real estate investing. So very in line with, yeah, this podcast is all about, and so anybody in Montreal, every fourth Thursday of the month we meet up. And we just, we have a new topic every day, guest speakers sometimes, and it’s just purely educational and creating that, that networking power. So that’s in Montreal. J K S Epic bus tour that you just mentioned. We’re actually it’ll be after tomorrow is the next one that’s super excited. That’s in Cleveland. That’s always in Cleveland where people fly into Cleveland and we take them on a weekend tour. So we, we present deals, a different properties, different asset classes within say a flip. We show the gutted the in rehab and listed for sale at different phases of the project as well. So they get [inaudible], they get to see Cleveland and suburbs and we try to give the best taste for possible of the city.

Charles: Then they get to meet our teams. So contractors, property managers, realtors, we give them access to lawyers. So it’s very, very complicated. It’s a great taster as to what us real estate is all about. Or even out of state investing.

Kyle: Yeah, we looked to do it twice a year.

Charles: Wow. That’s a, that’s pretty scary. I imagine every, the majority of people are Canadian who go on the tour and if everybody,

Janie: A lot of them are Canadian, but we’ve had a few out of state, New Jersey, Florida New York, Cincinnati, Cincinnati is still out there though.

Charles: It’s just because if you’re doing your meetups in an area, it’s easier to, I have a friend that does meet meetups in California for investing into the Midwest and in the Southeast. And it’s pretty easy because you’re not gonna make any money investing into like apartments in Southern California. So the thing is when you’re in, but you know, you have people I mentioned from all over that are going to as meet ups, even if they’re just there visiting, they’re in business. So how can, I’ll put all the links in the bottom of the podcast and the YouTube notes. So where you have the meetup, there’ll be, I’ll put a link in there. And then for your other companies, do you want to explain exactly which ones those will be, like STRs or short term rentals. And then what was the other company you have?

Kyle: So Wemindji Properties and STR Properties and JKS real estate partners.

Charles: Okay. Okay. Awesome. Great. Yeah, so I’ll put all that information together at the bottom of the a in the bottom of the notes. And if there’s anything else you want to add, just send me an email while I’m putting it together. What I want to thank you guys for being on the show today. It’s great to have you and thank you very much for going through everything in regards to mobile home parks in the short term rentals.

Kyle: Thank you very much. I would like to just just for the ends if people do want to reach out for STR, str-properties.com that’s our website. You can just punch in your, your properties address and you’ll get the compliment, complimentary report rate there. Otherwise, the best ways to get in touch with us at Facebook, at JKS dot adventure or on our nowfortomorrow.club. That’s the URL where a amongst so much other things in all of our events you can download are freaky book – JK is roadmap to your first million and one property at a time. So this basically outlines the steps that we, that we took ourselves and our very first year, our very first year of real estate investing, we aimed to buy 10 and we fell short at eight. That’s eight more than most people you’ll ever meet. And so this is, these are the steps that we did. It goes through the burn model, how to buy Y buy right. What is Mao, your maximum allowable offer. It gives checklists and tools mindset in there. So it’s really the the GoTo for someone who’s just looking to get started. Highly, highly recommended now for tomorrow.club and you can download your free book.

Charles: Okay, that’s awesome. Yeah, I definitely I think I have that link here so I’ll make sure I, I do have that and I’ll put that in the bottom right for you guys. And then I have your Facebook profiles as well. So anybody who wants to get in touch with you, they won’t have any issue so. Well thank you very much for everything. You guys have a great rest of your day and we’ll talk soon.

Janie: Thank you, Charles. Thank you for having us.

Charles: Hi guys, this is Charles from the Global Investors Podcast. I hope you enjoyed the show. If you’re interested in investing in real estate and you don’t know where to begin, set up a free 15 minute strategy call with me at schedulecharles.com. That’s schedulecharles.com.

Announcer: Thank you for listening to the Global Investors Podcast. If you’d like to show, be sure to subscribe on iTunes or Google play to get new weekly episodes. For more resources and to receive our newsletter, please visit global investor podcast.com and don’t forget to join us next week for another episode.

Announcer: Nothing in this episode should be considered specific, personal or professional advice. Any investment opportunities mentioned on this podcast are limited to accredited investors. Any investments will only be made with proper disclosure, subscription documentation, and are subject to all applicable laws. Please consult an appropriate tax legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of harborside partners incorporated exclusively.

Links and Contact Information Mentioned In The Episode:

About Janie Grenier & Kyle Duelund

Janie Grenier, President and CEO of Wemindji Properties, Inc., S.T.R. Properties Inc. and J/K’s Real Estate Partners, represents the 4th generation of independent multi-million-dollar companies for her family. At the age of 19, Janie began investing in real estate and by the age of 30, owned well over 100 units of income producing assets. Now a full-time real estate investor, Janie believes that business growth and success lies in strategic and effective partnerships.

In 2015, Janie and her business partner Kyle, founded Wemindji Properties, Inc.; their first private real estate company. Their goal – generate massive residual income and helping homeowners and investors increase their financial literacy utilizing judicious real estate investments.

Kyle Duelund
, Vice-President and COO of Wemindji Properties, Inc., J/K’s Real Estate Partners, and co-founder of S.T.R. Properties Inc. is a proud alumnus of McGill and Concordia University (Masters in the Teaching of Mathematics). In fact, while still enrolled in full-time university studies, Kyle became financially free – that is at the age of 27 by investing in real estate. His unique ability to understand, implement, and teach systems translates directly in his effectiveness in real estate investing.

0

About author

Admin

Related items

GI25: Investing in US Real Estate as a Russian Citizen with Attorney Yana Manotas

GI25: Investing in US Real Estate as a Russian Citizen with Attorney Yana Manotas

Read more
GI24: From Silicon Valley Executive to Over 3,000 Units with Spencer Hilligoss

GI24: From Silicon Valley Executive to Over 3,000 Units with Spencer Hilligoss

Read more
GI23: Epic Turnkey Cashflow Investing After 2000+ Properties with Mercedes Torres

GI23: Epic Turnkey Cashflow Investing After 2000+ Properties with Mercedes Torres

Read more

There are 0 comments

%d bloggers like this: