The ACTUAL Day-In-The-Life of a Real Estate investor: The Good, Bad and Ugly

What's up you guys? It's Graham here. So, I'm here with none other than Matt McKeever, and we've got Jeff Whybeau in London, Ontario, Canada. I realized it looks like we're about to drop a really hot mixtape, so we're gonna call this mixtape "The Day in the Life of a Real Estate Investor."

So, I figured I'll bring you guys along, and let's go take a look at some properties. So, Jeff, where are we off to?

So, we're gonna go check out a triplex that I know about. It's off the market right now, and we'll see what happens there. It's always, you know, there's tenants involved, so we'll see if we can get in. But I contacted a landlord about it; he wants to put it back on the market. It's a bit of a love-hate relationship with this property. I've sold it before, and they never closed because they didn't like the crackheads in the basement.

It's not a mess because there's something on the other side. He had the whole thing. A few moments later, ain't doin' too well for me, and I live here. It's not here. Uh-oh! This landlord takes the first tenants he can get. He's not doing his proper checks and going over it, so we're gonna go check out another one. And that's how the day works, right? We just keep moving on.

The next one, is it kind of intense to have, like, to camp looks pointy? Because that's what I mean. So, it's like today we saw a guy on the porch just sitting there, and you barely even wake up. So, didn't even see him there. We were all there; we had five people there, and I think, like, one person goes down.

Oh yeah, it's because there was garbage. Garbage, and man, yeah. After the triplex, we went over to my buddy Justin's. He just got a new single-family; he showed us what he's gonna be doing. He was renovating; he was keeping some of that beautiful exposed brick and some, what else? He surrounds his own the speakers, and then he was able to, nice enough to show us his four-plex that was just down the street. So, he checked that out; it's a cool spot.

So, one of the best parts about being a real estate investor is always like going around and visiting your clients that purchase the houses and see what progress they're at. So, this place was a pit underneath the basement, and the suit he's got today, but it looks like he's been doing a lot of work. He put the offer through my brother, so Phil, while he got this one, and Justin and I were in the Army together, so he's in there doing hard work right now.

So let's go check it out. Oh yeah, with the floors. Oh yes, we kind of dyed it. It was carpet here before, and it was all laminate, and here just lovely, lovely tile underneath, which actually came up really nice. And this was a steep tail bank, thanks!

Oh yeah! And what'd you get for 171, five?

Once everyone, so you beat out all the other offers?

Got it, yeah! A number still works for you?

Number two, what's your plan? You're gonna do single-family or your B&B work probably?

We're thinking flip right now a lot. It's basically we're gonna put it up for the price that we want to try and get. If we don't get that, we're just gonna end up renting it. Does the single-family? We're probably going to put it up for 269-ish around there, and the comps would support that on the street.

Yeah, absolutely! So, well, you haven't touched this yet, but we're probably going to turn it open this right up. It may be great inside, and I'm not sure, but if it is, we're gonna spend the money, get a glimpse, put in it, and then probably out like a breakfast bar or something similar here.

And then using the idea kitchen planner, we've planned out multiple kitchens for it. What we're gonna keep the island idea here, have the island overhead range with a gas stove, and then the sink's gonna stay there but it's actually going to be facing you up properly this way.

And then we're gonna keep the half of that. Grandma's telling us that exposed brick is still popular in LA just like in Canada, so obviously, Justin's just going to keep this beautiful oversized brick, that's expensive!

Exactly! The cost of those bricks, guys, it's all about that character. Guys, and this house is just brimming with character. And Shaw, so they've decided what reviewing flooring up here, we may end up just continuing on the same.

I think Florida downstairs up here can you refinish this?

We thought about refinishing it. I've been taking quite a good look, but there's a lot of spots where, for whatever reason, it, yeah, I should say so. Maybe a little too far gone in some spots. We're gonna end up putting nice like 12 by 24 tiles. It does have a tongue strand in here now, but we're gonna end up taking the top strand out, doing a full enclosed tile shower as well.

And then same in here, we're gonna go with a new vanity, nice new toilets, little flow, and basically update everything in here for nice high-end single-family finishes.

So, this neighbor has one of the nicest swimming doodles I've ever seen. Check this out! Perfect for summer while reading it. So, it doubles as storage; you can throw your bags in there.

Yeah, we're just in the old East Village here. We're looking at a four-plex that Justin bought off the Weibull limo tour. It was an off-market deal that he picked up, and slowly but surely, he's been turning all the units into like perfect, but he had a bit of headaches when he first got here.

Yeah, when we first got it, we took over the old tenants. One was a chain smoker; one had like a cat hoarding problem. Nice! Yeah, I think, and yeah, yes. So, we ended up working with those tenants; we ended up paying them to leave.

So, work deal for them? We worked it for us. The front tenants, the unit there, we were about to see it was a bit more of a hassle. They were causing quite a few problems with the whole building, so we ended up going through the tenant board, and then before the hearing date, they just ended up leaving regardless.

So, all works out against it?

Yeah, yeah. So, a 1-bedroom, 1-bath, nice ceilings. We didn't intend on ripping up the kitchen, but a closer look, you needed it. So, we just kind of gutted it, built the bare-bones.

So, what's the cost of a kitchen?

Uh, it was about a thousand bucks to do all these.

Yeah, yeah, it's a movement labor.

Wow! Pink foam to help us put it up, but for material we look around thousand objects to achieve.

Yeah, where'd you get the cabinets?

All IKEA! Like, yeah, countertop like, yeah.

So, a lot of place for three hundred rents were: 700, 600, 585 afforded resale pumps, maybe, who knows?

Yeah, something mid-fours. They ain't us! We made a hundred grand! You guys knew about this before the limo tour?

And then when we went to it on the limo tour, you guys had first dibs?

Yeah, everybody was going to trying to get off the limo. I'll be like, what? I'm gonna get into it! And people wanted to offer.

Yeah, 'cause they just rip the numbers or plex in this area. They're like, oh, I want her right now!

So, you've done all the heavy hitting, and now you're gonna get the reward now?

Yeah, that's good! It's a lot of work. You'll be in Costa Rica for, you know?

Yeah, hopefully he doesn't plan amazing, guys, all playing day in the life.

So, we're driving around in a truck right now. Normally I got my Audi; you've seen in previous videos with Graham.

But Graham and I were out networking last night, and Graham, what happened?

Yeah, so we get back, and it seemed a little breezy in the car. Something's up, and I think, oh man, like maybe I just left the back door open a little bit. Maybe something's up, and I reached back to think like, he'll let me close the door, and I realize, like, wait a second, there's no window.

Why is there, there should be a window here? I realize the window's been smashed, and then I'm like, that's kind of weird. But I had my computer in the backpack back there, and I realize wait a second, no, they got my backpack!

So they smashed your window, they took my backpack, which in my backpack was my laptop, had some Gucci sunglasses, camera batteries, camera chargers, just like other little random stuff, but they just stole the entire backpack. Graham's fans are crazy!

I try to look at what positive can I do today instead of just letting that ruin my day.

So now we're driving around on a truck; it's been pretty awesome right now.

So, that is true. I always, I was pissed last night for probably like 20 minutes, and then, no, I honestly longer than I'm not gonna lie. It's been like three hours, and I was like really upset. But then I realize, like, if this is the worst problem that you have, like your worst problem, like, you know, they stole a twenty-five hundred dollar laptop.

Like that's the worst problem you've had in a long time. It's a pretty good problem to have! Like you were saying, like, in Afghanistan, like they have car bombs, yeah, and like we're like, oh no, they stole my laptop!

Yeah, we didn't, we weren't having coffee at a cafe, and something bad happened, right? So it's why I call it first world problems!

Yeah, and I think it's all about our characters. Like what are we gonna do today? Just cry about that or just move on? And we all know how to make money, so it's a piss-off, but yeah, that guy, me, he's probably hanging out with your laptop right now.

He's priced to tin Gram videos! The thing is too you have to think is, well, like the type of person that would need to steal a laptop. Like you have no idea what sort of life they lived and, like, you know how fortunate you are that you know you're in a position where you have laptops to be stolen versus other people that might have a drug addiction or grew up in like a terrible household or whatever.

So hope at least went to a good family. So really quick, I just want to introduce this listing for a second. We just got here.

I believe this is the cheapest listing in London, Ontario, Canada at ninety-nine thousand nine hundred and ninety-nine dollars. We're about to go in, so one of the things I was questioning is why are there so many dandelions? And I didn't realize it, in Canada, they banned the pesticide that was used on all of these weeds.

What is it? To try to bring back the bee population. So now what they do, they just let them grow, right?

Yeah, yeah. I guess we decided cancer or dandelions.

Yeah, I went dandelions. So, plus it up, LA's, those haven't done that since I was a kid!

Superficial, that's fun!

Yeah, they probably ran a million or something right here.

Yeah, those guys, oh well then, it's gonna pick up some steam.

Redneck, let's go! There we go!

It's really the attention to detail though; the big house, no expense spared on the deck. You can tell the attention of detail craftsmanship. You can see more than like an inch in there, souvenir.

$800,000 Canadian gets you this, is it?

That's not faster!

Yeah, no, long enough, nah! Time, I don't know what to say, Joe, I'm with Instagram. I end up doing these things like five times.

I said, so if you guys are curious, the cheapest house on the market in London, Ontario, come with me here. We got ninety-nine thousand nine hundred and ninety-nine dollars, and this is what it gets you.

If this were in West Hollywood, you would get thirty square feet. In London, Ontario, this is what you get. And then now we're at this place for six hundred thousand dollars, so you can see the difference between ninety-nine thousand dollars and six hundred thousand dollars.

So really, what that gets you. And it really gets you even floors. I mean, that's the biggest thing that I've seen is that the floors are not like that.

I'm at one of my listings here, and the two brothers that owned this house have a very interesting story. About ten years ago, they were the first landlords that I ever really remembered meeting, and they were telling me about it—yes, people give you rent money, and you get all the money. You're the landlord!

And they were 1 million dollars in debt with the banks, and I was sitting there in awe, thinking that that was a lot of money, and now doesn't seem like it's bad a lot of—and they probably had five or six London Ontario properties.

They kind of sold them all off; they just kind of lived here. That renovated this house; now they want to sell this house and get back into the game and buy more investment properties, so I gotta sell them this property.

We're on like a busy street in downtown London, and we've got some, you know, different types of tenants next door, and we're kind of trying to sell this either as executive rental or more as a very nice family home.

So we're closed. Some people kind of want the commercial zoning, but if you like turning around, a lot of developers have purchased this land here, so we're probably get a nice apartment building coming up here, and not what I call Kevin McCallister house over here was sold for a million dollars and it was just a hollowed shell.

So we're sitting on at six hundred thousand dollars on this house right now, so check it out cool!

So you could buy six of those previous homes we just saw for one of these. That's right! There we go!

It's a pretty nice place; they've done a really good job. Canada and Ontario, we got a different stress testing now to get a mortgage, so this is a bit higher end; so it's a bit more than what most Canadians can kind of afford right now.

So I gotta find the right buyer for the place right now. So, but they've done a great job. They've got a lot of renovating; we had the place like staged, we have some furniture left over, but it's staged for the photography for the MLS pictures, and hopefully this summer, we find a good buyer for the place because we're right downtown London.

Oh, it looks a lot like this. These kind of houses are all around London, but this one actually has a lot of space upstairs right now. I really like this; there's more places in a lightly small spaces, I think. You think?

Another cool TV here. Lily, were you books over here? Get dressed here. Kind of million dollar listing London today.

Okay, so yeah, we're downtown, and usually downtown basements are challenging, right? Because they're old houses, but we got some pretty good time here. It's great! Potentially you could turn this into a little unit. Not that it necessarily legal, but you could make this the kitchen some kind of bachelor here.

They have a bathroom, and then a side exit. Hello!

We're downtown living; you kind of granny suite the basement if you really wanted to do so.

These guys were just wrapping up here. These guys bought this property for around like two hundred thousand dollars way back in the day of a decade ago, and they put in a lot of work, and now we're trying to get it for sale for six hundred thousand.

So, look like a find them a buyer like I said this summer, and they can go on and buy more properties like the ones we already saw in this vlog today.

So, yeah, thanks for coming around.

Yeah, yeah! As always, you guys, thank you so much for watching. I just wanted to give you a little bit of an idea of what it's like and a day-in-the-life in London, Ontario as a real estate investor and real estate agent, and exactly what you can get at different price points.

So we've seen pretty much from ninety-nine thousand to six hundred thousand here in London, Ontario to give you guys a bit of an example of what you kind of do day to day as a real estate investor.

So make sure to check out Jeff's channel; I'll link down below, it's through your channel and Matt McKeever's channel as well, and also link to Peter's channel as well in the description. It's helping us film, my so yeah, we a lot of plugs here.

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Thank you again for watching, and until next time!