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Toronto Livings Real Estate Podcast

Mark Savel and Joey Virgilio

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Welcome to Toronto Livings Real Estate Podcast. Hosted by, Mark Savel and Joey Virgilio, two Realtors with Sage Real Estate, this podcast is more than just a source of information on Toronto's real estate market - it's a journey through the city's diverse neighborhoods, cultures, events and attractions So whether you're a long time Torontonian looking to learn more about your city, or, if you are a newcomer thinking of making a move to the city, Toronto Livings Real Estate Podcast is your ul ...
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Is time freedom (FIRE) your goal? The two hosts retired early (one at 30; one at 40) each walked from a 6-figure job. They discuss THE critical ingredient to achieve financial freedom, “how to think”. Chris Hanson & Chris Lam each reached freedom by investing & trading in the stock market. This is NOT Dave Ramsey mutual funds; it’s not Kiyosaki real estate; people say it’s akin to living the Tim Ferriss lifestyle. They’re not Ivy League grads; they’re self-taught, studying nights & weekends ...
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If you're going to put less than 20% down when buying a property, the lender is likely to require that you pay private mortgage insurance (PMI) to protect them in case you default on the loan. This usually applies to Nomads™, house hackers, and investors putting 15% down to acquire non-owner-occupant properties. There are 3 ways to pay PMI: Monthly…
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There's a risk to just about everything in life... including investing in real estate. One risk that some real estate investors fear is that rising mortgage interest rates will: Increase their mortgage payment and therefore hurt cash flow, or The rising mortgage interest rates will lower affordability and demand for properties, and therefore the va…
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In this special class about the dangers, risks and warnings of investing in real estate: The #1 fear that keeps potential landlords and new real estate investors up at night! Expert insights on why this fear is more common among inexperienced landlords and investors in challenging real estate markets. Real-life horror stories of tenants causing sig…
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Join Mark Savel and Joey Virgilio in episode 63 of the Toronto Livings podcast as they dive into heated discussions about the inefficiencies of Toronto's landlord-tenant board and the complex issues surrounding rental market policies. The hosts share personal stories from the Toronto real estate scene and debate the pros and cons of damage deposits…
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Interested in learning how to analyze deals using The World's Greatest Real Estate Deal Analysis Spreadsheet™? Specifically, do you need to know how to analyze a deal purchased with an interest-only loan? In this special deal analysis, you will: Discover the secret strategy for analyzing the purchase of a rental property with an interest-only loan …
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In Episode 62 of the Toronto Livings Podcast, Mark Savel and Joey Virgilio dive into the July real estate market numbers, unveiling a not-so-optimistic outlook. Beyond the market updates, the hosts share anecdotes about their week, including Joey's newfound love for Midnight Cookies and Marks frustrating trip to Innisfil, Ontario, which leads to a …
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Life has risks. Investing adds new risks. Investing in real estate adds new risks specific to real estate investing. One risk that is unique to real estate investing is the risk of buying a stigmatized property or having a property become stigmatized while you own it. In this class, James will: Uncover hidden gems in the real estate market and turn…
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Did you know, there are at least 3 ways a condo is measured!?!In episode 61 of the Toronto Livings Podcast, Mark and Joey discuss the complexities and confusion surrounding floor plans and measurements in the real estate world. The episode covers standardized measurements, how to handle discrepancies in square footage, and the importance of profess…
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Real Estate Investing Through Massive Foreclosure Periods Join us for an exclusive episode of the REFP podcast, focusing on "Real Estate Investing Through Massive Foreclosure Periods." In this enlightening episode, you'll dive into the following insights: Discover the secret to making money during economic downturns, a strategy that can set you apa…
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Join Mark Savel and Joey Virgilio in Episode 60 of the Toronto Livings Podcast as they reunite after Mark enriching 3 week-long European trip. They explore the contrasting lifestyles between North America and Europe, emphasizing the relaxed pace of life in Italy and Sicily compared to the rapid, improvement-focused culture in North America. Through…
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Deal Alchemy™ - Debt Paydown to Cash Flow Join us for an exciting and enlightening class with James Orr as he delves into the fascinating world of Deal Alchemy™. In this class, listeners will discover a surprisingly powerful strategy that has the potential to drastically improve cash flow on rental properties. Whether you're considering buying a ne…
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Tax Deductibility of PMI Payments Are you an owner-occupant puzzled by the ever-changing rules around PMI (Private Mortgage Insurance) deductibility? Or perhaps an ambitious real estate investor, hungry to maximize your deductions and supercharge your profits? Then this class is your golden ticket to the world of tax wisdom! Join us for an exhilara…
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Functional Obsolescence Unveiled: The Silent Value Killer in Real Estate Investments—and How to Defeat It! There's a often overlooked risk of investing in reale state: obsolescence. Whether we're focused on properties that are or will become functionally obsolete or drift directly into economic or physical obsolescence... these are real-world risks…
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How to Analyze an All-Cash Rental Property Purchase Deal analysis is important. Learning how to analyze deals is a critical skill for all real estate investors, whether you're financing 100% of the purchase or buying a property without a loan at all and paying all cash. In this class, we will look at how deal analysis changes when you plan to buy a…
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How Return on Investment Changes Based on Credit Score With PMI Does your credit score really matter when you're buying rental properties? Sure, your credit score impacts the mortgage interest rate you can get with traditional mortgages. And yes, your credit score affects how much private mortgage insurance (PMI) will cost. Your credit score can al…
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In Episode 59 of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio discuss the top six ways realtors can unintentionally kill a deal, including a lack of professionalism, slow responses, and overly aggressive negotiations. Additionally, they delve into fun topics like popular Toronto dessert spots, fishing adventures, and some of thei…
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So, are you stressing out over higher mortgage interest rates and properties not cash flowing as well as they used to, or in some markets, not having positive cash flow at all... even with 25% down? What's a real estate investor seeking financial independence to do? In this class, we will compare two strategies. In both strategies, you first buy an…
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Mark Savel and Joey Virgilio dive into episode 58 of the Toronto Livings podcast, focusing on capital gains, how they work, and upcoming changes. They discuss the new inclusion rates for capital gains coming into effect on June 25th and provide examples to illustrate the potential tax impacts. The episode also covers recent events, including the Sa…
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So, you're considering Nomading™. Excellent! But as you dig into the details, you may wonder what the impact would be if you chose to buy a more desirable, higher quality, but maybe less optimal property at full price (without a discount), versus focusing on finding a slightly less desirable, slightly lower quality, but slightly more optimized rent…
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Toronto Real Estate: May 2023 Market Updates and More| Episode 57In episode 57 of the Toronto Livings podcast, Mark Savel and Joey Virgilio dive into last month's market updates, discuss sizzling food spots in Toronto, and even take a trip back in time to May 2023. From the Toronto real estate market trends and interest rates to the newest sandwich…
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Deal Alchemy™ - Black Box Cash Flow Deal Alchemy™ is all about manipulating returns to get the returns you desire most. One variation of Deal Alchemy™ has you think about your rental property investment as a black box. You put money into the black box, some magical things happen over the next few years and out pops profit which you can spend like c…
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Toronto Livings Podcast: All About Garden Suites in TorontoIn episode 56 of the Toronto Livings podcast, hosts Mark Savel and Joey Virgilio dive deep into the topic of garden suites, discussing the process, costs, and regulations involved in building one in Toronto. They share insights on the necessary steps, potential challenges, and financing opt…
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Warning - Risks of Rental Demand Declining When Investing in Real Estate Risk, risk, risk... Life is full of risks. To a limited degree, we get to choose which risks we voluntarily take on. For example, if you choose to invest in real estate, you choose to take on some additional risks that you might not—directly—face if you opt to invest in someth…
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Amazon Primes Luxe Listings Toronto Review | Episode 55In this episode of the Toronto Living Podcast, Joe and Mark (dubbed Forerunner Joe and Maserati Mark) dive into the world of luxury real estate with their review of Amazon Prime's show "Luxe Listings Toronto'. The hosts discuss key moments from the show, such as Brett Starke's helicopter date, …
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Private Mortgage Insurance Myths Reputation can be a challenging thing. I have found, through many conversations with clients over the years, that Private Mortgage Insurance (PMI) has a questionable reputation with home buyers in general and investors in particular. However, much of its reputation is based on half-truths, bad information, lies, and…
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Empowering Vision: The Inspiring Story of Canadian Blind HockeyThis episode of the Toronto Livings Podcast features Luca DeMontis, the program manager for Canadian Blind Hockey, who shares the inspiring journey of his brother, Mark DeMontis, and the founding of Canadian Blind Hockey. From the origins of blind hockey in Canada to its growth into a s…
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Warning - Risks of Neighborhood Decline When Investing in Real Estate Everything in life has risks. Not investing adds certain types of risks, while investing adds other risks. One risk that some real estate investors face is the possibility that the neighborhood they're investing in will decline, causing values and/or rents to drop. So, how do we …
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Exploring the Transformative Power of Cold Plunges in Toronto at Othership Ice BathIn this episode of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio dive into the benefits of cold plunges and sauna experiences at Othership, a wellness center in Toronto. They are joined by Sherryne (Sher) and Dan, who share insights on Othership's m…
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How to Analyze a Duplex Some real estate investors are sensitive to their ability to get ten 30-year fixed rate financing loans and would prefer to fill those loan spots with larger purchases than just single family rental homes. One way to do that is to buy more expensive properties like duplexes, triplexes or fourplexes. In this class, James will…
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How to Calculate PMI If you're a house hacker, Nomad™, investor buying properties with less than 20% down, or buying creatively where the seller has PMI, you'll want to make sure you know how to analyze deals that have Private Mortgage Insurance. In this mini-class, James will cover how to analyze deals that have PMI, with an emphasis on doing it u…
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In episode 52 of the Toronto Livings podcast, hosts Mark Savel and Joey Virgilio delve into the critical real estate question of whether to buy a new home first or sell your current one first. They provide listeners with detailed considerations, including financial implications, market conditions, and personal scenarios, to help navigate this compl…
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In many cases—not all, but many cases—real estate investors can speed up the time it takes to become financially independent by choosing to pay off the mortgages on their properties early. Sometimes it makes sense to take every extra dollar beyond a healthy amount of reserves and aggressively pay off properties as quickly as possible. Other times, …
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In episode 51 of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio delve into the heated topic of Canada's new federal budget, specifically focusing on the controversial changes to capital gains tax and the introduction of a vacant home tax in Toronto. They discuss the public's frustration over these changes and their potential impact…
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Deal Alchemy™ - Residential vs Commercial Property Deal Alchemy™ is all about manipulating the returns you're earning on your investments. Often, this is done through the choices we make when selecting the investment property and the strategies we choose to implement. For example, you could choose to invest in residential properties where your tena…
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It's SHOUT-OUT TIME! In our 50th episode of the TorontoLivings Podcast, we celebrate this significant milestone by looking back on our journey and share some ambitious goals for the future. We've got a ton of special shout-outs for our supporters, friends, businesses in Toronto, and previous podcast guests, with a big thank you to everyone who's su…
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Warning - Risks of Loan Called Due When Investing in Real Estate Investing in real estate adds some risk to an already risk-filled life. However, certain activities and strategies when investing in real estate create additional risks that other strategies and activities do not have. For example, choosing to utilize strategies where the lender has t…
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In Episode 49 of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio dive into a comprehensive March market update, discussing key trends and statistics. The episode also addresses the vacant home tax situation, highlighting the confusion and controversies surrounding it. Additionally, they touch upon the proposed renter's b…
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How to Analyze Buying a Rental Property at a Discount in Long Beach Some real estate investors insist on only buying properties where they can purchase them at a significant discount. While not mutually exclusive, other investors insist on buying quality properties at a fair price as long as it gets them their desired returns and will stand the tes…
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In Episode 48 of the Toronto Livings Podcast, we have an incredible chat with guest Alexander Arthur, who discusses the transformation of TAC Sports into a holistic educational platform that nurtures young minds with a blend of sports, financial education, and real estate knowledge.The conversation sheds light on the importance of financial literac…
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How to Calculate PMI If you're planning to buy a property and put less than 20% down, you're likely to be required to pay Private Mortgage Insurance. Lenders prefer that you put at least 20% down, but if you insist on putting less than 20% down, they may still make the loan. However, they will usually do so at a slightly higher mortgage interest ra…
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Navigating Toronto's Pre-Construction Real Estate with TalkCondo FoundersIn episode 47 of the Toronto Livings Podcast, we feature an in-depth interview with Roy and Amit Bhandari, the entrepreneurs behind TalkCondo.com, Toronto's leading online platform for pre-construction real estate. Starting from their entry into real estate in 2007, the Bhanda…
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There are a large number of investing strategies you could pursue as a real estate investor: Nomad™, house hacking, fix and flip, buying 20% down rentals, buying 25% down rentals, saving up to buy free and clear rentals and many, many more options. Which is the best? Which gets you to financial independence fastest? Which gives you the highest net …
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#torontorealestate #gardensuites #torontopodcast Exploring Garden Suites with Lorena Magallanes In this episode of the Toronto Livings Podcast, hosts Mark Savel and Joey Virgilio invite Lorena Magallanes, a real estate expert and part-owner of Stomp Realty, to discuss the concept of garden suites. Lorena shares her insights on the process of buildi…
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Deal Alchemy™ - Increasing Down Payment There are four primary returns from investing in rental properties: appreciation, cash flow, debt paydown, and the tax benefits of depreciation. Additionally, there is a secondary return in the form of the interest earned on the reserves required to make the investment in the first place. Many real estate inv…
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In episode 45 of the Toronto Livings Real Estate Podcast, hosts Mark Savel and Joey Virgilio navigate through daylight savings time changes, share personal stories including Joey's music jam sessions and their food adventures, and delve into news you can use. The episode focuses on market updates for the month of February 2024, discussing the curre…
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Warning - Risks of Rental Property Expenses When Investing in Real Estate Risk is all around us. When we choose to invest in anything, we’re choosing to take on the additional risk characteristics of that investment. For example, when we choose to invest in real estate, we choose to take on the risk characteristics of the specific real estate inves…
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First-Time Home Buyer Incentives: What You Need To Know!The 44th podcast episode of the Toronto Livings Real Estate Podcast dives into the numerous incentives available to first-time homebuyers in Ontario. The hosts, Mark Savel and Joey Virgilio, discuss the six homebuyer incentives, one of which was eliminated recently, that buyers can take advant…
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How to Analyze a New Construction Single-Family Home Property in Long Beach Your ability to analyze deals is arguably the most important skill as a real estate investor. It allows you to make smart investment decisions and helps you avoid making career-ending bad decisions, such as buying cash-flowing-sucking vampire properties. In this class, Jame…
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In this episode of the Toronto Livings Podcast, hosts Mark and Joey visit Lisbon Hotel, a new spot from co-owners Adam Hijazi and David Wex, located at River City in downtown Toronto!They discuss the unique experience Lisbon hotel offers - from its inspired décor to its culinary delights. Although it's not Portuguese nor a hotel, Lisbon Hotel offer…
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The 3 Strategies to Pay Private Mortgage Insurance (PMI) Whether they're putting 15% down and buying a non-owner-occupied property or utilizing an owner-occupied loan with 0%, 3%, 3.5%, or 5% down for Nomading™ or house hacking, some real estate investors will choose to put less than 20% down. With the decision to put less than 20% down comes the c…
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