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.

In this episode of 'Commercial Real Estate Within Reach,' host Giuliana Pallotta introduces Lisa Purchase, a seasoned mortgage broker from Tango Financial. Lisa shares her journey into the mortgage industry, detailing how she navigates both residential and commercial real estate financing. The discussion covers the key differences between residential and commercial mortgages, the importance of having a specialized team, and strategies for making real estate investments more accessible. Lisa offers practical advice on restructuring mortgages, minimizing tax burdens, and leveraging equity to acquire investment properties. The episode aims to empower listeners with the knowledge needed to make commercial real estate attainable and financially beneficial.

00:00 Introduction to Commercial Real Estate Within Reach

01:05 Meet Lisa Purchase: Expert Mortgage Broker

02:15 Lisa's Journey into Real Estate

05:18 Understanding Residential vs. Commercial Mortgages

10:01 The Importance of a Strong Real Estate Team

20:02 Investing in Mixed-Use Properties

29:29 Final Thoughts and Advice

31:38 Closing Remarks and Podcast Outro

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.

In this inaugural episode of 'Commercial Real Estate Within Reach,' host Giuliana Pallotta dives deep into the often-daunting world of commercial real estate. Giuliana shares her personal journey from a small-town athlete to a seasoned real estate professional. She discusses the inspiration behind starting this podcast and simplifies the complexities of commercial real estate for aspiring entrepreneurs, real estate enthusiasts, and seasoned investors alike. With insights into asset classes, the importance of building a knowledgeable team, and the various types of clientele she works with, Giuliana provides practical advice on making commercial real estate attainable. The episode wraps up with a fun hypothetical question about working with celebrity athletes, reflecting Giuliana's passion for sports. Tune in to gain valuable knowledge and inspiration for navigating the commercial real estate market.

Time Stamps:

00:00 Introduction to Commercial Real Estate Within Reach

01:52 Meet Your Host: Giuliana Pallotta

02:09 Giuliana's Journey into Real Estate

03:13 Making Real Estate Within Reach

04:29 Understanding Commercial Real Estate

11:16 Clientele and Services

17:07 Advice for Aspiring Investors

17:59 Fun Question and Conclusion

19:32 Final Thoughts and Outro

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.

Does the thought of commercial real estate make you think of boring meetings, stuffy suits, and endless rows of brick buildings? Do you find it confusing or just straight up boring? What if we told you it could be different? What if we told you that we're making it our mission to change the mindset of commercial real estate altogether?

Welcome to the first series of Within Reach, the podcast that makes commercial real estate understandable and exciting. This is the place where you think of commercial real estate like a Friday afternoon, sitting on a patio with friends, and chatting about your next business venture or investment. That's the vibe we're bringing to this series.

We are going to make commercial real estate fun, engaging, and full of insights. Join us as we pull back the curtain and dive deep into the intricate world of commercial real estate transactions. We're here to help you understand what it's all about, from the basics to the more complex aspects. Each episode, we'll sit down with industry professionals and business owners who share their invaluable insights and experiences.

And let me tell you, it's not just about the facts and figures here. We are making commercial real estate fun, creative, and interesting. Prepare for an engaging conversation, innovative ideas, and a fresh perspective on an industry that's always evolving. So if you're ready to unlock the potential of commercial real estate, hit that subscribe button and let's make commercial real estate within reach for you.

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 team are liable for any actions taken based on this podcast.

Welcome to Within Reach, the podcast that takes the complex and makes it accessible, where we break down the barriers and bring the seemingly impossible within reach for everyone. Are you curious about real estate, intrigued by investing, or maybe you're eager to dive into business, health and fitness, music, sports, or entrepreneurship?

Whatever your interest, we've got you covered. In each series, we'll embark on a journey through these diverse topics, one at a time, providing you with the insights you need to master them. Join us as we sit down with industry experts, seasoned professionals, and inspiring guests who are at the top of their fields.

They'll share their knowledge, experiences, and tips, helping you understand that every expert was once a beginner. You'll understand that no matter where you start, as long as you build a solid foundation, you can achieve anything. The key is to take the first step. Start small, build your knowledge, and soon you'll realize that what once seemed impossible is now within reach.

From the intricacies of investing to the fundamentals of fitness, within reach is your go to resource for turning complex ideas into attainable goals. So are you ready to expand your horizons and make the impossible possible? Subscribe now to Within Reach on your favorite podcast platform. Let's take this journey together and discover just how much we can achieve when we break it down step by step.

Remember no matter where you start, everything is within reach. I'm Guliana Pallotta and I'll be your guide. Let's make learning an adventure and together we'll bring the world within reach. Subscribe today and don't miss our first series on commercial real estate, Within Reach.

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 team are liable for any actions taken based on this podcast.