Daniel St-Jean's guest appearances

Daniel St-Jean

The Smart Real Estate Coach Podcast|Real Estate Investing

My Worst Investment Ever Podcast

The REITE Club - Real Estate Investing for Canadians

Your Happy Place Podcast

Karen Briscoe

Gary Wilson

Eric Rosenberg

Adam Carroll

Chris Naugle

Scott Carson

Reed Goossens

Kirk Chisholm

Dustin Heiner

Sarah Larbi

Axel Meierhoefer

Barry O’Reilly

Gisela Hausmann

Chris Larsen

Michael Giannulis

OwlTail

Daniel St-Jean was born and raised in Montreal. Still, he has also lived in Whitehorse Yukon Territory, Vancouver BC, Ottawa, and now home is in Niagara-on-the-Lake, Ontario.He is an entrepreneur to the core, and the last time he received a paycheck as an employee was in 1986.Over the 34 years since, he has owned several businesses, including an art gallery and framing shop and a publishing company. As well, he wrote and published two Canadian bestsellers.He started investing in real estate in 2010 with his wife Laurel because they needed a source of income that was not tied to them living in Ottawa, where they were working as consultants.They wanted to move to Ontario’s wine region, so Laurel could pursue a life-long dream of becoming a winemaker.It took them only four years to be in a position to kiss Ottawa goodbye and move to Niagara-on-the-Lake.In their 11 years in the real estate investing business, they have acquired 62 properties worth over $25 million. The fantastic part is that to date; they are yet to invest one dollar in that portfolio—100% financed with OPM–Other People’s Money.How to do that is one of the many things they teach the members of The REITE Club that they co-founded in March 2017. “We are now following our investing system to the letter, no exception for any reason whatsoever. Now we’re successful.”Daniel St-Jean Worst investment everDaniel and his wife kicked off their real estate investing career with the rent-to-own strategy. They built on it slowly and got some real success out of it. In 2012, they went to Nova Scotia to expand their market. They found some cool people who wanted to do a rent-to-own deal, and they decided to get into business with them.Breaking their own rulesDaniel and his wife had a couple of rules that they followed when looking for property to invest in. One was to pick a house that they could quickly sell should the people renting it walk away. The second rule was always to take a deposit. However, they broke these two crucial real estate investing rules.Facing the consequencesAfter two months of renting the house, the people moved out unbeknownst to Daniel and his wife. They were now stuck with a house in the middle of nowhere with snowbanks so high. It wasn’t the easiest house to sell, but they managed to, albeit making a loss of $25,000.Putting in place a reliable investing systemAfter that loss, Daniel spent the next three or four months, setting up an investing system. This system had about 52 points, and this was the system he would always stick to when making investment decisions.Breaking the rules againIn the Fall of 2013, Daniel did a refinancing deal with a family that he felt needed his help. He didn’t like the house much, and he also didn’t take a deposit, but he went ahead and bought the house because he wanted to help this lovely family.The family, however, panicked and moved out just as the purchase was being closed. Now Daniel had this rundown empty massive house in a little town outside of Ottawa. The empty house cost Daniel $2,500 every month to maintain.Finding the elusive buyerIn the Spring of 2014, someone approached Daniel and told him that he’d want to rent the house and turn it into a daycare. He would be paying $4,500 in rent. Daniel got excited about the prospect of finally making some money from this property. However, after a year of waiting for the guy to get approval for his daycare, they found out that the water supply on that side of the street was insufficient for them to run a daycare, and so the client slowly walked away.Finally, Daniel could rent it out to a tenant paying $2,500 just enough to break even. But when the people later moved out, it was a total disaster. The house was in a complete mess.Fixing his messDaniel had to fix the mess before putting the house on the market. This cost him $90,000. Then as luck would have it, the weekend before Daniel listed the house, there was a huge storm that left the basement with two feet of water ruining the drywall and doors. Daniel had to spend another $40,000 to do repairs.At the end of it all, Daniel made a loss of $226,000 and change on that deal, making it his worst investment ever just because he failed to stick to his investing system.Lessons learnedDon’t deviate from your investing systemOnce you put an investing system in place, do not deviate from it come hell or high water. There are many ways to invest, but once you’ve figured out what strategy works for you, never deviate from that system.Don’t conduct business with your heartConduct your business transactions with your head to make money, and then you give it away with your heart. Don’t ever try to conduct your business transaction with your heart because, very often, it’s going to end up not benefiting you.Andrew’s takeawaysBusiness is business; leave philanthropy out of itIf you want to help people, make a profit, and give it to them. But don’t confuse business with helping people in that way. If you use your business to help people, it will bring significant conflict into the business.Don’t break your investing processStick to your investing process, especially during the times that you are tempted to break the system. Your system may underperform for some time, and it can be tempting to change your investing strategy. But if you start to change your system midstream, you bring your entire system down.Actionable adviceWhatever strategy you use, put systems in place and follow them. Period.No. 1 goal for the next 12 monthsDaniel’s number one goal for the next 12 months is to have 20,000 members in his REITE Club community. The goal of that community is to help people experience freedom, whatever freedom means for them.Parting words “Time is finite. So please build a team and use it to save time. Then you can use that nonrenewable resource to do more deals or just to enjoy life.”Daniel St-Jean [spp-transcript] Connect with Daniel St-JeanLinkedInTwitterWebsiteAndrew’s booksHow to Start Building Your Wealth Investing in the Stock MarketMy Worst Investment Ever9 Valuation Mistakes and How to Avoid ThemTransform Your Business with Dr.Deming’s 14 PointsAndrew’s online programsValuation Master ClassHow to Start Building Your Wealth Investing in the Stock MarketFinance Made Ridiculously SimpleBecome a Great Presenter and Increase Your InfluenceTransform Your Business with Dr. Deming’s 14 PointsConnect with Andrew Stotz:astotz.comLinkedInFacebookInstagramTwitterYouTubeMy Worst Investment Ever Podcast

<p><a href="https://www.linkedin.com/in/homebusinesssuccess/" rel="noopener noreferrer nofollow" target="_blank"><strong>Daniel St-Jean</strong></a> was born and raised in Montreal. Still, he has also lived in Whitehorse Yukon Territory, Vancouver BC, Ottawa, and now home is in Niagara-on-the-Lake, Ontario.</p><p>He is an entrepreneur to the core, and the last time he received a paycheck as an employee was in 1986.</p><p>Over the 34 years since, he has owned several businesses, including an art gallery and framing shop and a publishing company. As well, he wrote and published two Canadian bestsellers.</p><p>He started investing in real estate in 2010 with his wife Laurel because they needed a source of income that was not tied to them living in Ottawa, where they were working as consultants.</p><p>They wanted to move to Ontario’s wine region, so Laurel could pursue a life-long dream of becoming a winemaker.</p><p>It took them only four years to be in a position to kiss Ottawa goodbye and move to Niagara-on-the-Lake.</p><p>In their 11 years in the real estate investing business, they have acquired 62 properties worth over $25 million. The fantastic part is that to date; they are yet to invest one dollar in that portfolio—100% financed with OPM–Other People’s Money.</p><p>How to do that is one of the many things they teach the members of<a href="https://thereiteclub.com/" rel="noopener noreferrer nofollow" target="_blank"> The REITE Club</a> that they co-founded in March 2017.</p><p> </p><p><strong>“We are now following our investing system to the letter, no exception for any reason whatsoever. Now we’re successful.”</strong></p><p>Daniel St-Jean</p><p> </p><h2><strong>Worst investment ever</strong></h2><p>Daniel and his wife kicked off their real estate investing career with the<a href="https://myworstinvestmentever.com/ep170-andy-hill-avoid-the-trap-of-homeownership-and-build-a-realistic-budget/https:/myworstinvestmentever.com/ep170-andy-hill-avoid-the-trap-of-homeownership-and-build-a-realistic-budget/" rel="noopener noreferrer nofollow" target="_blank"> rent-to-own strategy</a>. They built on it slowly and got some real success out of it. In 2012, they went to Nova Scotia to expand their market. They found some cool people who wanted to do a rent-to-own deal, and they decided to get into business with them.</p><h3><strong>Breaking their own rules</strong></h3><p>Daniel and his wife had a couple of rules that they followed when looking for property to invest in. One was to pick a house that they could quickly sell should the people renting it walk away. The second rule was always to take a deposit. However, they broke these two crucial real estate investing rules.</p><h3><strong>Facing the consequences</strong></h3><p>After two months of renting the house, the people moved out unbeknownst to Daniel and his wife. They were now stuck with a house in the middle of nowhere with snowbanks so high. It wasn’t the easiest house to sell, but they managed to, albeit making a loss of $25,000.</p><h3><strong>Putting in place a reliable investing system</strong></h3><p>After that loss, Daniel spent the next three or four months, setting up an investing system. This system had about 52 points, and this was the system he would always stick to when making investment decisions.</p><h3><strong>Breaking the rules again</strong></h3><p>In the Fall of 2013, Daniel did a refinancing deal with a family that he felt needed his help. He didn’t like the house much, and he also didn’t take a deposit, but he went ahead and bought the house because he wanted to help this lovely family.</p><p>The family, however, panicked and moved out just as the purchase was being closed. Now Daniel had this rundown empty massive house in a little town outside of Ottawa. The empty house cost Daniel $2,500 every month to maintain.</p><h3><strong>Finding the elusive buyer</strong></h3><p>In the Spring of 2014, someone approached Daniel and told him that he’d want to rent the house and turn it into a daycare. He would be paying $4,500 in rent. Daniel got excited about the prospect of finally making some money from this property. However, after a year of waiting for the guy to get approval for his daycare, they found out that the water supply on that side of the street was insufficient for them to run a daycare, and so the client slowly walked away.</p><p>Finally, Daniel could rent it out to a tenant paying $2,500 just enough to break even. But when the people later moved out, it was a total disaster. The house was in a complete mess.</p><h3><strong>Fixing his mess</strong></h3><p>Daniel had to fix the mess before putting the house on the market. This cost him $90,000. Then as luck would have it, the weekend before Daniel listed the house, there was a huge storm that left the basement with two feet of water ruining the drywall and doors. Daniel had to spend another $40,000 to do repairs.</p><p>At the end of it all, Daniel made a loss of $226,000 and change on that deal, making it his worst investment ever just because he failed to stick to his investing system.</p><h2><strong>Lessons learned</strong></h2><h3><strong>Don’t deviate from your investing system</strong></h3><p>Once you put an investing system in place, do not deviate from it come hell or high water. There are many ways to invest, but once you’ve figured out what strategy works for you, never deviate from that system.</p><h3><strong>Don’t conduct business with your heart</strong></h3><p>Conduct your business transactions with your head to make money, and then you give it away with your heart. Don’t ever try to conduct your business transaction with your heart because, very often, it’s going to end up not benefiting you.</p><h2><strong>Andrew’s takeaways</strong></h2><h3><strong>Business is business; leave philanthropy out of it</strong></h3><p>If you want to help people, make a profit, and give it to them. But don’t confuse business with helping people in that way. If you use your business to help people, it will bring significant conflict into the business.</p><h3><strong>Don’t break your investing process</strong></h3><p>Stick to your investing process, especially during the times that you are tempted to break the system. Your system may underperform for some time, and it can be tempting to change your investing strategy. But if you start to change your system midstream, you bring your entire system down.</p><h2><strong>Actionable advice</strong></h2><p>Whatever strategy you use, put systems in place and follow them. Period.</p><h2><strong>No. 1 goal for the next 12 months</strong></h2><p>Daniel’s number one goal for the next 12 months is to have 20,000 members in his REITE Club community. The goal of that community is to help people experience freedom, whatever freedom means for them.</p><h2><strong>Parting words</strong></h2><p> </p><p><strong>“Time is finite. So please build a team and use it to save time. Then you can use that nonrenewable resource to do more deals or just to enjoy life.”</strong></p><p>Daniel St-Jean</p><p> </p><p>[spp-transcript]</p><p> </p><h3><strong>Connect with Daniel St-Jean</strong></h3><ul><li><a href="https://www.linkedin.com/in/homebusinesssuccess/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a></li><li><a href="https://twitter.com/thereiteclub" rel="noopener noreferrer nofollow" target="_blank">Twitter</a></li><li><a href="https://thereiteclub.com/" rel="noopener noreferrer nofollow" target="_blank">Website</a></li></ul><h3><strong>Andrew’s books</strong></h3><ul><li><a href="https://www.amazon.com/Start-Building-Wealth-Investing-Market-ebook/dp/B00Y25765G/ref=sr_1_fkmrnull_1?keywords=How+to+Start+Building+Your+Wealth+Investing+in+the+Stock+Market&amp;qid=1552861894&amp;s=digital-text&amp;sr=1-1-fkmrnull" rel="noopener noreferrer nofollow" target="_blank"><em>How to Start Building Your Wealth Investing in the Stock Market</em></a></li><li><a href="https://www.amazon.com/Worst-Investment-Ever-Andrew-Stotz-ebook/dp/B07C81PYP9/ref=sr_1_fkmrnull_1?keywords=My+Worst+Investment+Ever&amp;qid=1552861947&amp;s=gateway&amp;sr=8-1-fkmrnull" rel="noopener noreferrer nofollow" target="_blank"><em>My Worst Investment Ever</em></a></li><li><a href="https://www.amazon.com/Valuation-Mistakes-How-Avoid-Them/dp/1723884960/ref=sr_1_fkmrnull_1?keywords=9+Valuation+Mistakes+and+How+to+Avoid+Them&amp;qid=1552861978&amp;s=gateway&amp;sr=8-1-fkmrnull" rel="noopener noreferrer nofollow" target="_blank"><em>9 Valuation Mistakes and How to Avoid Them</em></a></li><li><a href="https://www.amazon.com/Transform-Your-Business-Dr-Demings-Points-ebook/dp/B00U5SRHJ4/ref=sr_1_2?ie=UTF8&amp;qid=1524026915&amp;sr=8-2&amp;keywords=andrew+stotz" rel="noopener noreferrer nofollow" target="_blank"><em>Transform Your Business with Dr.Deming’s 14 Points</em></a></li></ul><h3><strong>Andrew’s online programs</strong></h3><ul><li><a href="https://valuationmasterclass.com/" rel="noopener noreferrer nofollow" target="_blank"><em>Valuation Master Class</em></a></li><li><a href="https://academy.astotz.com/courses/how-to-start-building-your-wealth-investing-in-the-stock-market" rel="noopener noreferrer nofollow" target="_blank"><em>How to Start Building Your Wealth Investing in the Stock Market</em></a></li><li><a href="https://academy.astotz.com/courses/finance-made-ridiculously-simple" rel="noopener noreferrer nofollow" target="_blank"><em>Finance Made Ridiculously Simple</em></a></li><li><a href="https://academy.astotz.com/courses/gp" rel="noopener noreferrer nofollow" target="_blank"><em>Become a Great Presenter and Increase Your Influence</em></a></li><li><a href="https://academy.astotz.com/courses/transformyourbusiness" rel="noopener noreferrer nofollow" target="_blank"><em>Transform Your Business with Dr. Deming’s 14 Points</em></a></li></ul><h3><strong>Connect with Andrew Stotz:</strong></h3><ul><li><a href="https://www.astotz.com/" rel="noopener noreferrer nofollow" target="_blank">astotz.com</a></li><li><a href="https://www.linkedin.com/in/andrewstotz/" rel="noopener noreferrer nofollow" target="_blank">LinkedIn</a></li><li><a href="https://www.facebook.com/andrewstotzpage" rel="noopener noreferrer nofollow" target="_blank">Facebook</a></li><li><a href="https://www.instagram.com/andstotz/" rel="noopener noreferrer nofollow" target="_blank">Instagram</a></li><li><a href="https://twitter.com/Andrew_Stotz" rel="noopener noreferrer nofollow" target="_blank">Twitter</a></li><li><a href="https://www.youtube.com/c/andrewstotzpage" rel="noopener noreferrer nofollow" target="_blank">YouTube</a></li><li><a href="https://itunes.apple.com/us/podcast/my-worst-investment-ever-podcast/id1416554991?mt=2" rel="noopener noreferrer nofollow" target="_blank">My Worst Investment Ever Podcast</a></li></ul>

Daniel St-Jean – Choose Your Investing System and Follow It

Daniel is a wealth of information when it comes to "Rent to Owns" . In this episode we discuss rent to own, investing in Nova Scotia and a little about wine.

<p>Daniel is a wealth of information when it comes to "Rent to Owns" . In this episode we discuss rent to own, investing in Nova Scotia and a little about wine.</p>

Interview with Daniel St-Jean

Daniel St-Jean loves The REITE Club! He loves helping people, he loves being in business, and he loves watching people be successful in whatever field they choose. Daniel has been in “sales &amp; marketing” in one form all of his adult life. And since the late ’70s, he has bought, started, or sold ten different businesses. He has been a professional photographer, a publisher of educational material, calendars and greeting cards, the owner of a framing shop &amp; art gallery, a professional tour guide, an independent distributor of health products, a speaker, a trainer, and a teacher. He has also written two published books; his first one became a Canadian bestseller in 1992. Daniel, along with his wife Laurel, owns the Safe &amp; Sound Real Estate Investment Group which specializes in rent-to-own real estate. He and his wife also have several buy-and-hold properties which are located in the Niagara, Ontario region. Daniel loves to try new things…he believes in working smart and having fun AND in creating abundance and sharing the wealth. What you’ll learn about in this episode:  How Daniel initially got started in real estate after a relocation so his wife could go to school when Daniel needed a new source of income How Daniel discovered the rent-to-own real estate niche after attending a Rich Dad Poor Dad workshop How Daniel structures his deals, and why he believes in helping people achieve their dreams of homeownership What challenges and obstacles Daniel faced over the course of his real estate career, and what valuable lessons he learned from those experiences What specific criteria Daniel looks for in a property, and how he works with real estate agents to place tenant buyers Why Daniel believes that investors need to commit to real estate full time to make real estate investing profitable and worthwhile Why Daniel believes in the acronyms UPOD (under-promise, over-deliver) and DWYSYWD (do what you say you will do) Why Daniel believes that finding the right mentor will help you with your investments and most importantly save you time Why, if you are presented with the opportunity to either invest money or time, you should always invest money  Resources:  Website: https://thereiteclub.com/ Daniel’s Business Website: http://sasreig.com/ Facebook: www.facebook.com/TheREITEClub/ Twitter: @TheREITEClub LinkedIn: www.linkedin.com/in/homebusinesssuccess/  Daniel’s Recommended Reading List:  Sapiens by Yuval Noah Harai: https://amzn.to/37YT5hK Homo Deus by Yuval Noah Harai: https://amzn.to/2w3EZOv Robert T. Kiyosaki’s Amazon Author Page: https://amzn.to/2w0QPZK  Additional resources:  Website: www.SmartRealEstateCoachPodcast.com/webinar Website: www.SmartRealEstateCoachPodcast.com/termsbook Website: www.SmartRealEstateCoachPodcast.com/ebook Website: www.SmartRealEstateCoach.com/QLS/ 

<p>Daniel St-Jean loves The REITE Club! He loves helping people, he loves being in business, and he loves watching people be successful in whatever field they choose.</p> <p>Daniel has been in “sales &amp; marketing” in one form all of his adult life. And since the late ’70s, he has bought, started, or sold ten different businesses. He has been a professional photographer, a publisher of educational material, calendars and greeting cards, the owner of a framing shop &amp; art gallery, a professional tour guide, an independent distributor of health products, a speaker, a trainer, and a teacher. He has also written two published books; his first one became a Canadian bestseller in 1992.</p> <p>Daniel, along with his wife Laurel, owns the Safe &amp; Sound Real Estate Investment Group which specializes in rent-to-own real estate. He and his wife also have several buy-and-hold properties which are located in the Niagara, Ontario region.</p> <p>Daniel loves to try new things…he believes in working smart and having fun AND in creating abundance and sharing the wealth.</p> <p>What you’ll learn about in this episode:</p> <ul> <li>How Daniel initially got started in real estate after a relocation so his wife could go to school when Daniel needed a new source of income</li> <li>How Daniel discovered the rent-to-own real estate niche after attending a Rich Dad Poor Dad workshop</li> <li>How Daniel structures his deals, and why he believes in helping people achieve their dreams of homeownership</li> <li>What challenges and obstacles Daniel faced over the course of his real estate career, and what valuable lessons he learned from those experiences</li> <li>What specific criteria Daniel looks for in a property, and how he works with real estate agents to place tenant buyers</li> <li>Why Daniel believes that investors need to commit to real estate full time to make real estate investing profitable and worthwhile</li> <li>Why Daniel believes in the acronyms UPOD (under-promise, over-deliver) and DWYSYWD (do what you say you will do)</li> <li>Why Daniel believes that finding the right mentor will help you with your investments and most importantly save you time</li> <li>Why, if you are presented with the opportunity to either invest money or time, you should always invest money</li> </ul> <p>Resources:</p> <ul> <li>Website: <a href="https://thereiteclub.com/" rel="noopener noreferrer nofollow" target="_blank">https://thereiteclub.com/</a></li> <li>Daniel’s Business Website: <a href="http://sasreig.com/" rel="noopener noreferrer nofollow" target="_blank">http://sasreig.com/</a></li> <li>Facebook: <a href="http://www.facebook.com/TheREITEClub/" rel="noopener noreferrer nofollow" target="_blank">www.facebook.com/TheREITEClub/</a></li> <li>Twitter: <a href="https://twitter.com/TheREITEClub" rel="noopener noreferrer nofollow" target="_blank">@TheREITEClub</a></li> <li>LinkedIn: <a href="http://www.linkedin.com/in/homebusinesssuccess/" rel="noopener noreferrer nofollow" target="_blank">www.linkedin.com/in/homebusinesssuccess/</a></li> </ul> <p>Daniel’s Recommended Reading List:</p> <ul> <li><em>Sapiens</em> by Yuval Noah Harai: <a href="https://amzn.to/37YT5hK" rel="noopener noreferrer nofollow" target="_blank">https://amzn.to/37YT5hK</a></li> <li><em>Homo Deus</em> by Yuval Noah Harai: <a href="https://amzn.to/2w3EZOv" rel="noopener noreferrer nofollow" target="_blank">https://amzn.to/2w3EZOv</a></li> <li>Robert T. Kiyosaki’s Amazon Author Page: <a href="https://amzn.to/2w0QPZK" rel="noopener noreferrer nofollow" target="_blank">https://amzn.to/2w0QPZK</a></li> </ul> <p>Additional resources:</p> <ul> <li>Website: <a href="http://www.smartrealestatecoachpodcast.com/webinar" rel="noopener noreferrer nofollow" target="_blank">www.SmartRealEstateCoachPodcast.com/webinar</a></li> <li>Website: <a href="https://www.amazon.com/Real-Estate-Your-Terms-Continuous/dp/1599328194/ref=sr_1_3?ie=UTF8&amp;qid=1509982180&amp;sr=8-3&amp;keywords=real+estate+on+your+terms&amp;dpID=41OKnuT06bL&amp;preST=_SY291_BO1,204,203,200_QL40_&amp;dpSrc=srch&amp;cookieUUID=3b342f5e-9c13-4b80-8256-7b72b1fe00b2" rel="noopener noreferrer nofollow" target="_blank">www.SmartRealEstateCoachPodcast.com/termsbook</a></li> <li>Website: <a href="http://www.smartrealestatecoach.com/ebook/?cookieUUID=86c7c03d-958d-47f3-b4d3-eb0732aefa48" rel="noopener noreferrer nofollow" target="_blank">www.SmartRealEstateCoachPodcast.com/ebook</a></li> <li>Website: <a href="http://www.smartrealestatecoach.com/QLS/" rel="noopener noreferrer nofollow" target="_blank">www.SmartRealEstateCoach.com/QLS/</a></li> </ul>

Episode 149: From Government Worker to Real Estate - Cold Turkey, with Daniel St-Jean