Welcome back to the Wisdom Lifestyle Money Show. I'm your host, Scott Dillingham. Today, I'm going to be talking to you about a ton of the investor resources that we have available to every single investor. People just because we have so much, I don't like, people don't understand. And and when we start talking to clients and just different investors and things like that, they're absolutely shocked as to all the things that we have.
Scott Dillingham:So first, I mean, obviously, we have this podcast. We also have it's called a close more deals podcast. So this is a podcast where we specifically touch on all the different special lending programs. It is a mixture of residential and commercial, and it does include some owner occupied stuff. Its primary target is a realtor.
Scott Dillingham:However, we set it up so as an investor or a homeowner, you can listen to it and find out ways to get approved for future transactions. So that is available. But, obviously, if you're listening to this and you are a realtor, you're gonna wanna check that out. K? So it's called the close more deals podcast.
Scott Dillingham:Then I encourage you to visit our website. So this is a massive resource for you. So I've got it up here on the screen. So pretty much the the cool thing, what I really like about it, it's neat, it's fast, it's designed for, you know, accessibility. So if there's any type of visual handicap, that type of stuff, the site is designed for that.
Scott Dillingham:So it's really useful and user friendly. But if you go really, there's well, there's a couple things. Right? So if you go under the expertise tab, that's where you're gonna see all the things that we are really, really good at, as well as details about them if you click into them. So, obviously, I think that's important because if you're trying to acquire financing, you wanna buy these special properties, whether it's US, Mexico, or Canada.
Scott Dillingham:Right? You wanna know what's out there, so this kinda gives you that. But, really, you know, we were talking about resources. Right? And and how this this site helps you.
Scott Dillingham:So currently, there's there's over a 130 blog articles, which are heavily structured. Everything's investor focused on the site, and you can find things about everything. Now we have just completed so this is the January. We have just completed, a whole ton of different markets across Canada, and we are going to be publishing those articles or scheduled. But we've done a lot of research on them, market stats, rental income, vacancy rates, like all this good stuff, investment strategies that investors are doing in those locations.
Scott Dillingham:Okay? So you're gonna wanna look for that. But even without the locations, within the the blog section there, it's there's all kinds of stuff. The way that we designed it was so it's super user friendly. So say you wanted to flip.
Scott Dillingham:Right? When you go to it, you'll see there you can search. Right? So it has and that's the other thing too is we built in the search So you can search whatever you want. So, right, if you wanna search for flipping, you can search for flipping.
Scott Dillingham:But what we did was we built AI into the search behind the scenes. So when you're searching for something, like say you're searching for BRRRR, right, buy, renovate, refinance, and repeat, it will show you articles about refinancing and things like that after renovations. So it's not just literally looking for the term BRRRR and showing you those search results. It's actually searching and finding the meaning of what you're searching and finding those results for you. So I think that is fantastic.
Scott Dillingham:But then again, it does have sort of like an alphabet when you go to it, like a to z, and you can click. Right? So say you want d. I'm just doing it live here. I click d.
Scott Dillingham:It shows me DSCR, deal finding development, development financing, distressed properties, documentation, down payment, due diligence, right, duplex. So it really breaks it down into the categories that are important to you. Now let's say that you click one. Right? There's one that you like and you click it.
Scott Dillingham:Within it, right, we have done our very best to make this detailed. These are not generic blog articles. I see so many people just using AI and writing basic stuff. Like, we actually try to deep dive into the topic. So there's actually something for you to learn from it.
Scott Dillingham:Okay. So I think that's important. We do have we've made it a point that every article has a frequently asked questions, and these are the top questions that we've been asked about this topic, as well as what people are searching online for. So we we've done a mixture of that. So lots of answers to your questions that you may have as an investor.
Scott Dillingham:Then as you scroll down even further, it'll have key terms. So it actually is kinda like a glossary. And so, like, the key terms of that specific article, if you don't understand it or you don't get what that term is, it'll actually be the definition at the bottom of the page. So you just highlight that term and, like a dictionary sort of pops up and it tells you what it is. Then obviously, we've got a a glossary page.
Scott Dillingham:So under the glossary page, which is fantastic as well, it's part of the the resources here. Say you're looking up a specific term, like say bankruptcy. Right? Say that's something that you're going through. Well, under bankruptcy, it'll list all the articles that are related in talking about it so you can learn more about it.
Scott Dillingham:Now, obviously, bankruptcy is not something we we wanna do, you know, but it is part of some investors' journeys. Right? So we wanted to give them education on that and how to make it as painless as possible so you can get back, into the game if if you're interested, of course. So that's there. And then at the end of every article, it does show you related articles again.
Scott Dillingham:So we've infused AI here as well. So it'll actually show you relevant instead of random. So most websites, it's like if the articles are all under one category, so it could be mortgage financing. Right? It'll show you those related.
Scott Dillingham:The way we set this up is actually is so, like, if you're eager to learn more about a topic, you literally have all the resources there to find out more. So super, super cool stuff. Another thing that we've what we've got on there, right, is so we actually have an investor resources tab and page. So within the page, you can see the different podcasts. And then there is our email, like, newsletter.
Scott Dillingham:It's our weekly investor insight, we call it, where we share some best tips, you know, updated programs and different lending opportunities. We are working on finalizing and sharing off off market deals. We have developers on our team, and we're developing properties ourselves. So if there's any great properties or things, you know, like there's an awesome deal that maybe a client, maybe they lack the down payment or maybe they lack the experience, right, if it's a bigger property or project. But if the numbers worked really well and on our end, right, we can't we can't tell you what a good investment is or say, hey.
Scott Dillingham:Buy this. It has x return. But what we can tell you is this project qualifies for maximum financing, which that is what is super important to you. Because if it qualifies for maximum financing, that means the banks and the lenders were very happy with the numbers. Right?
Scott Dillingham:So if we're happy with the numbers, generally speaking, it's a good deal. So, all of that is is all built in there for you under the investor resources tab. And then I think the most recent, my most exciting, you know, update right now and I'm gonna say it's maybe beta stage. It's it's it's good. It works well, but there's a few little tweaks that we wanna make to before we launch it everywhere.
Scott Dillingham:But I'm gonna talk about it here because you guys, you know, regularly listen, and I just, you know, I want you to know. But we have the CMHC MLI select or MLI standard max loan calculator built into there. So what is super cool about this is you start off, right, and it it does ask you your details because it's it's going to email you the results. Okay? So you can you can print it.
Scott Dillingham:You can show it to your realtor. I think this is very valuable. I've helped clients get a lower purchase price when they're buying multifamily buildings when I can show that the sales price doesn't support it. Right? There there's gonna be a large down payment because it's got weak cash flow.
Scott Dillingham:So that has helped my buyers get lower purchasing price. So it's fantastic for that if the deal is not great, but you still wanna move forward with it. But how it works is, right, you start off, just put your basic details. I think it's just name and email. It does have a phone number spot there, but it's optional.
Scott Dillingham:You could just put name and email. Then you put in the property details. Right? Are you applying for the standard MLI program or the MLI select program? It asks you a couple more questions like property location.
Scott Dillingham:Right? Then from there, what it does is it has a spot for you to upload any documents that you have pertaining to this deal. Right? So, ideally, you want an appraisal because appraisals will list a whole bunch of income and expenses for the property in there. But if you don't have that right and you wanna just you've got a rent roll, maybe separate from a tax bill, separate from utility bills, right, you can upload them all separately into this, and AI will analyze it.
Scott Dillingham:And then it will let you know, you know, ballpark what your max loan approval is. Obviously, it's fully subject to the the lender's final approval, but it gives you a guideline. That's how I've, you know, created this tool to be like, is it gives you a guideline so you can tell if this is a strong performing property you're interested in buying or not. So the, MLI program is available for five or more units. Generally, it's a million or above.
Scott Dillingham:I can't find a lender. Like, the calculator will probably calculate, and you know what? That's something that we can change. Because right now, I think it would calculate the max that any property could could qualify for. But we are gonna add those minimums in there because lenders, they're not gonna wanna get out of bed.
Scott Dillingham:Like, most lenders are 3,000,000 and above for CMHC. Now, obviously, we have lenders that are smaller, but there there's not a lot of them. Right? And and who knows how long they're gonna wanna keep rates low. We we don't know.
Scott Dillingham:So that's why I'm saying it's in beta. There's a few little tweaks there, but for the most part, I'm gonna say it's it's pretty good, rock solid, ready to go. So that is available for you. Some things to look for, we are gonna be working on a conventional calculator. That one's a little bit harder because there's all these different asset classes.
Scott Dillingham:Right? There could be, Airbnb, could be a mixed use property, could be industrial, office building. Do you know what I mean? Gas station, laundromat, and they all have different rules. So that's why the conventional one's a lot harder where the CMHC was like, it's just multifamily.
Scott Dillingham:Here it is. Right? We fed it, the data that's needed and and, you know, hired developers. And it's it was a, you know, it was a big process, but it's it's there. And I think it's gonna be a huge value add for you, as an investor.
Scott Dillingham:Also throughout the site, it does allow you to have quick and easy access to the team. So as you go through it, if there's an article or something that you like, you can hit book a call. It'll open up a separate menu where you could choose the expert on my team, that you want based on category or niche that you're looking for, and then you can book a call with them. You can reach out to us right away too, if it's business hours, but I really like the the book a call feature. It's complimentary.
Scott Dillingham:There's no there's no fees to tap into the team. We're all here to help. We're all investors ready to go. So it's got all these things. It's got the light and dark mode.
Scott Dillingham:So, you know, if you prefer dark mode on your eyes or it's late at night, right, it's it's got that built in. So it's it's really intuitive. Like, we've really tried to think of of everything. It's been a huge project that's went on for for many months. We have more articles scheduled to come out.
Scott Dillingham:We have more tools we're working with the developers to build. We are working on cash flow calculators. We're working on having property values. So you could search, you know, your property and get an estimate of the value and see if it makes sense to refinance and and that type of thing. It's a lot easier building that out on The US side.
Scott Dillingham:They just have a lot more data. The people in Canada that have the data, they wanna charge an extremely large amount to access it. So we're just trying to figure out how to make this work for everybody. But ultimately, that is like where we're going with this. So it totally is an investor resource.
Scott Dillingham:Lendcity.ca. Go there, bookmark it, use it, and I think you'll be pleasantly surprised at all the data and details that we have in there. So check it out. Let me know how it is. And, of course, if there's a feature or function or just something that you are missing as an investor, right, some type of tool or resource that would be important and valuable to you, let us know.
Scott Dillingham:We wanna hear from you, and we wanna help make your journey as successful as possible. So thanks so much for tuning in today. I know this was a bit different of a style than what we normally do, but these are amazing resources that are available, and I just I wanted to make it known to everybody. So thank you so much, and have a great day.