In this episode of Within Reach, host Guliana Pallotta invites Chuck Swan, a seasoned corporate lawyer from Smith and Associates, to provide insights and strategies on navigating the legal complexities in commercial real estate transactions. Chuck shares his journey to becoming a lawyer, the importance of mindset in achieving goals, and the nuances of commercial real estate law, including title searches, vendor take-back mortgages, and prioritizing tasks in legal practice. Listeners ranging from aspiring entrepreneurs to seasoned investors will find valuable advice on safeguarding their business and making smarter real estate decisions.

Find Chuck here: https://smithaalaw.ca/our-team-2/

00:00 Introduction to Commercial Real Estate

01:30 Meet Chuck Swan: The Legal Expert

02:21 Chuck's Journey to Becoming a Lawyer

07:31 Balancing Work and Personal Life

13:08 The Role of a Lawyer in Real Estate Transactions

21:20 Understanding Vendor Take Back Mortgages

22:00 Challenges with Institutional Lenders

23:34 Benefits for Sellers in Vendor Take Back Mortgages

23:57 Environmental Site Assessments in Real Estate

26:42 Handling Defaults and Power of Sale

28:45 Acquiring Real Estate Through Corporations

32:33 Assigning Real Estate Contracts

34:59 Personal Insights and Advice from Chuck

37:43 Final Thoughts and Closing Remarks

If you found value in today's episode, please subscribe, leave us a review, and share it with your friends. Have a question or topic you'd love us to explore? Reach out to us on social media.

Giuliana Pallotta, Broker

Coldwell Banker Ronan Realty, Brokerage

https://www.facebook.com/pallottaproperty

https://www.instagram.com/pallottaproperty/

https://www.linkedin.com/in/giuliana-pallotta-048412b9

And just a quick reminder, the content provided in this podcast is for entertainment purposes only. We are not offering professional, real estate, legal, or financial advice, and we recommend consulting with the appropriate experts before making any real estate decisions. Neither the host nor the guests or production company are liable for any actions taken based on this podcast.

If you're like me, navigating the world of taxes and accounting can feel a bit overwhelming, but today we're in for a treat. Our guest is here to bring clarity to all those complex issues. Meet Riley Norcross, a chartered professional accountant and the owner of Norcross Accounting, a full-service accounting firm based right here in Beeton, Ontario.

Key takeaways include understanding the differences between income tax and capital gains tax, strategies for estate and liability planning with trusts and corporate structures, and navigating the complexities of HST in commercial transactions. Riley also shares his personal journey and underscores the importance of support systems and persistence. This episode aims to demystify finances, offering actionable advice for long-term financial success in real estate.

00:00 Introduction

01:11 Meet Riley Norcross: Chartered Professional Accountant

02:38 Riley's Journey to Becoming an Accountant

03:50 The Importance of Support Systems

06:07 Starting and Growing an Accounting Business

09:16 The Role of Accountants in Real Estate Transactions

12:03 Understanding Capital Gains and Income Taxes

16:15 Planning for Financial Success in Real Estate

17:39 Benefits of Early Inheritance

18:23 Managing Capital Gains

21:40 Real Estate in Corporations

27:31 Understanding HST in Real Estate

30:55 Advice for Aspiring Investors

32:54 Conclusion and Final Thoughts

Connect with Riley here: https://norcrossaccounting.com/

If you found value in today's episode, please subscribe, leave us a review, and share it with your friends. Have a question or topic you'd love us to explore? Reach out to us on social media.

Giuliana Pallotta, Broker

Coldwell Banker Ronan Realty, Brokerage

https://www.facebook.com/pallottaproperty

https://www.instagram.com/pallottaproperty/

https://www.linkedin.com/in/giuliana-pallotta-048412b9

The content provided in this podcast is for entertainment purposes only. We are not offering professional, real estate, legal, or financial advice, and we recommend consulting with the appropriate experts before making any real estate decisions. Neither the host nor the guests or production company are liable for any actions taken based on this podcast.

In this episode of 'Commercial Real Estate Within Reach', host Giuliana Pallotta interviews Keith Wong, a seasoned financial advisor with over 38 years of experience. They discuss the importance and complexities of risk management in investments. Keith shares his insights on how to make commercial real estate attainable, strategies for saving and investing in TFSAs and RRSPs, and how people's investment approaches should evolve over time. Additionally, they delve into the benefits of diversified investments, including real estate and the importance of understanding one's financial style. Keith emphasizes the risk of not taking enough risk and the value of starting early with small investments. The episode also highlights technological changes and their impact on financial advice and investment processes. The conversation aims to empower listeners with knowledge to effectively navigate the world of real estate investments.

https://brandonlindsay.ca/

Time Stamps:

00:00 Introduction to Risk and Real Estate

01:17 Meet Keith Wong: Financial Advisor Extraordinaire

03:35 Keith's Journey into Financial Planning

06:05 Understanding Risk and Investment Strategies

11:16 Diving into Real Estate Investments

13:37 The Importance of Diversification

15:55 Setting Up Corporations and Tax Benefits

20:06 Navigating the Modern Financial Landscape

26:01 Final Thoughts and Advice

30:12 Closing Remarks

If you found value in today's episode, please subscribe, leave us a review, and share it with your friends. Have a question or topic you'd love us to explore? Reach out to us on social media.

Giuliana Pallotta, Broker

Coldwell Banker Ronan Realty, Brokerage

https://www.facebook.com/pallottaproperty

https://www.instagram.com/pallottaproperty/

https://www.linkedin.com/in/giuliana-pallotta-048412b9

And just a quick reminder, the content provided in this podcast is for entertainment purposes only. We are not offering professional, real estate, legal, or financial advice, and we recommend consulting with the appropriate experts before making any real estate decisions. Neither the host nor the guests or production company are liable for any actions taken based on this podcast.