Episode Transcript
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Speaker 1 (00:02):
Welcome to the 5
Questions Podcast, where we
unlock real estate and businessinsights one question at a time.
Welcome to the 5 QuestionsPodcast.
I'm your host, mario Lamar.
Our guest on today's show isthe co-founder of abundant ohms
(00:27):
and abundant wood, part ofserdar investment corp, blending
our diverse career inhospitality, own businesses and
teaching to create a thrivingreal estate venture.
With a passion for communitybuilding and giving back, she
leads creative real estatestrategies while supporting
(00:47):
causes like the Water Project.
Welcome Dawn Sardar.
Speaker 2 (00:53):
Thank you.
Speaker 1 (00:54):
Welcome to the show,
Dawn, Thank you.
The concept of the podcast isreal simple.
I ask five questions, eitherabout business or real estate,
and we get straight to the point.
You ready questions eitherabout business or real estate,
and we get straight to the point.
You ready?
Yes, I'm ready.
First question I have for youis you co-founded Abundant Homes
and Abundant Hood?
Can you tell us about how theidea of combining real estate
(01:18):
and community building cametogether?
Speaker 2 (01:31):
came together.
Well, I feel that people wantto live an abundant life and
when they are part of acommunity, that's where the
feeling that's inside comes from.
The abundant feeling comes fromthat, from being part of a
community and being involvedwith the community.
So, for myself, I do a lot ofvolunteering and I get a lot of
(01:56):
gratification from that, andwhen we have a community, we
feel part of something and Ithink it's a part of human
nature just to want to be partof something.
Speaker 1 (02:10):
So you like the idea
of people working together for a
certain cause, and then youtied it to real estate as well
to combine the project bothtogether.
Speaker 2 (02:22):
Yes, and just to have
a nice place to live.
So for our rentals, we wantpeople to feel that that is
their home and that they havethat feeling of abundance, even
if they're not an owner, andthen for any developments or
flips or anything like that,that we do the best possible for
(02:46):
our end user.
Speaker 1 (02:49):
That is truly amazing
.
I think that's what's missingis we need more of these types
of properties or apartmentbuildings that can give that
lifestyle to people.
So congratulations on havingthat idea of putting Front
together.
That brings us to our secondquestion, and your involvement
(03:11):
in raising capital and jointventures is a huge part of your
work.
What advice do you have forinvestors looking to raise
capital in today's market?
Speaker 2 (03:23):
I believe that people
should be very upfront with
information about the project.
I have had opportunities in thepast to raise capital for other
projects and I have not beensuccessful, partly because I
(03:43):
don't know enough about the deal.
And for myself I need to knowall the little details.
I need to know the backgroundand all of that, because when I
believe in something, then I canproject that to the people that
(04:04):
I'm talking to.
And, whether I'm part of thatdeal or not, people who trust me
trust that I'm going to workwith somebody that has integrity
and that I have dug up everylittle thing about the project
(04:26):
to be able to speak on that andthat I will find out.
And so when I'm working withsomebody on raising capital, I
need to know the answers.
And when I know the answers, Ican provide that to the investor
, because the investor needs toknow the answers.
People don't invest insomething where you're like,
well, I don't know, I canprovide that to the investor
(04:46):
because the investor needs toknow the answers.
People don't invest insomething where you're like.
Speaker 1 (04:51):
Well, I don't know,
yeah, absolutely.
Speaker 2 (04:53):
Or where you are like
, well, we haven't decided yet,
or we're not sure that will come.
They're not investing today forsomething that you're not sure
of today.
Speaker 1 (05:10):
So, from what I
gathered that you said, it
starts with doing our homework.
If you're going to raisecapital, make sure you know all
the ins and outs of the deal andbring it with confidence to
whoever you're trying to raisecapital from, because, like you
said, people don't invest inuncertainties.
Speaker 2 (05:28):
Yes, exactly yes,
people.
I mean.
Investing is a risk and youknow better returns bring, you
know, usually come with a littlebit more risk.
However, the informationmitigates that risk.
When you have all of the ducksin a row and you have confidence
(05:54):
that these things will happen,your risk is mitigated, and
that's what somebody doing theirdue diligence is going to look
for their due diligence is goingto look for.
Speaker 1 (06:05):
Yeah Well, that
brings us to our third question.
A portion of the cash flow fromyour rental properties goes to
the water project.
Why is giving back so importantto you, and how does this align
with your?
Speaker 2 (06:21):
investment philosophy
.
So a few years back I waslooking for somewhere to put
that donation towards a projector towards something that would
not just about giving to people.
It's about providing a way forpeople to give to themselves or
(06:53):
to provide for themselves, justlike teach a man to fish rather
than give him the fish.
And so with the water project,they set up business loans for
usually women in third worldcountries, so that those people
are not having to haul water tobe delivered to their home, so
(07:25):
that they're not hauling thatwater, because some women will
spend from the time they'reyoung teenagers or young
children hauling water to theirhouse for eight hours a day or
whatever, so that they can justlive.
And so it provides loans sothat they can get water
delivered to their house, eithereither through you know a
system or like through pipelineor whatever, and through that
(07:50):
loan then they can then start.
They get their water, but theycan also start businesses and
provide for their family, and soit helps women provide for
their family and beentrepreneurs as well and have
more abundance in their life andmore free time.
And so that's how it fits inwith my ideals about that and
(08:17):
philosophy.
Speaker 1 (08:19):
I love the fact that
you're not just giving but
you're actually also teachingpeople how to help themselves
for a better life.
And there's nothing wrong aboutjust giving to people, but
there's something more powerfulwhen you're able to teach them
and then they can do it on theirown after.
Because if I feel like if youjust give, then someone might
(08:45):
become dependent on that.
But if they learn, you know,for example, now it's time they
free their time so they canstart a business instead of all
in water for eight hours.
That's a great opportunity forthem.
Well, let's move on to questionnumber four.
(09:05):
You've been blogging for over15 years.
How has blogging shaped yourapproach to networking and
establishing yourself as anauthority in the real estate
space?
Speaker 2 (09:21):
Well, actually my
blogging has not established
myself so much in the realestate space because I am not
blogging advertising it thatmuch.
So I started blogging beforeFacebook and so that was my
(09:44):
outlet.
I like to write and I havewritten quite a bit.
It helps me to sort my thoughts, it helps me to express myself,
but I don't always like leteverybody know that I have a
blog so that I don't haveeverybody reading it.
It has helped me to write.
(10:07):
So when I have written articlesin a magazine when I
homeschooled I wrote articlesfor a magazine and I've given
presentations.
So when it was time to writethe chapter in our book Rising
Above the Rest, I was able tojust kind of take that and, you
(10:32):
know, put out a chapter that'spretty well polished and that
one is about real estate.
So I guess in that respect ithas, you know, helped me with
that and for writing as well.
I have written articles forreal estate.
(10:53):
I did some ghostwriting forsomebody, so I did that, that
and those were basically blogposts as well and so, yeah,
those articles and uh.
And then I don't put a lot ofposts out on facebook or
(11:13):
instagram, but I do comment andadd information to people in the
comments for their posts andstuff, so I write there as well.
Speaker 1 (11:28):
I feel like you might
be a little bit too humble,
because I see some of the workthat you did and you certainly
stand out in the real estatespace, so there might be a
little bit of too much ofhumbleness there.
But how does that help you withnetworking?
As far as you blogging, I'msure it sparks conversations
(11:57):
when people see your blogs.
Speaker 2 (12:02):
Yeah, I think that
people yeah, when people see
things that I've written whetherit's the blogs or it's my
comments or my posts, my writingI try to tell a story.
I like to tell a story.
I like to tell a story.
I like that people can relate,even if they can't relate.
(12:26):
So, for instance, with CyclingHalfway Across Canada, that's
what I wrote about in the bookand I wrote posts about that but
how that relates to life inbusiness.
So a lot of people, most peoplecan ride a bike not everybody,
(12:48):
but a lot of people can ride abike and they can ride a certain
distance and so they can relateto riding a bike.
They may not relate to thedistance traveled in a day or
whatever, but people in realestate can also relate to if
(13:08):
they flipped a house, like howlong it takes or how hard things
can get along the way.
So I like to write things thatpeople relate to.
I like to write things thatpeople relate to as well as tell
interesting stories about howand in interesting ways, and
(13:36):
from that then I guess thathelps with the networking where
people are like, oh, I read yourpost about this, and sometimes
I'm like, oh, or somebody willask me a question about
something and I'm like, how didyou know?
And so that's a littleoffsetting.
And then I'm like, oh, they'refriends with me on Facebook or
or whatever.
And so, yeah, that's.
I guess that helps.
(13:57):
In that way People get to knowme and and it goes back to that,
the know, like and trust, wherepeople can trust you, that
you're going to have integrityand that you are going to do
what you say you're going to do.
And that's one thing that Itell myself when things get hard
(14:18):
.
I do what I say I'm going to doand I also say I do hard things
.
So, yeah, my working out, theworkouts that I do, all of that
is proof to myself, because weall need to believe in ourself
Absolutely that I do hard things, and then that's what I project
(14:42):
also to others.
I hope that's what people see,because that's what I strongly
believe in, is that I do what Isay I'm going to do.
Speaker 1 (14:52):
It's really
remarkable.
And because you're right,people need to believe more in
themselves.
You're right, people need tobelieve more in themselves.
We can achieve great thingsmore than what we can believe we
can achieve usually, so you'reabsolutely right.
Well, this brings us to ourfifth and final question for
today, and talking about cycling.
(15:14):
Between cycling, snowboarding,gardening, you clearly have a
full life outside of work.
Speaker 2 (15:30):
How do you balance
personal hobbies with the
demands of real estate?
Speaker 1 (15:32):
investing and
managing a business, sometimes
not very well.
Speaker 2 (15:35):
Well, thanks for the
honesty there, there are days
where I do feel overwhelmed andI feel like I'm just spinning my
wheels.
I think that comparison is theenemy, and I can look at other
people who have grown their realestate really fast and have
(15:58):
done a lot of things in a shorttime, and I would say it's
probably taken me longer to getwhere I'm going.
And part of that is that I feelit's important to make sure
that I am enjoying life and thatI am staying fit, so that at
(16:27):
some point where I do slow downwhich I probably won't I look at
my mom, my mom and my dad.
They're in their 80s and, andyou know, they are busier than
ever.
They have all their things thatthey're doing physically and
mentally and like just keepingactive, and so I feel like I'm
(16:51):
not that person who's going tostop anytime soon.
I look forward to my future.
I have future goals, but alsoeven with raising capital, and
this is where I speak up and saywhat's true.
(17:15):
So I was asked well, what doesthis look like for this
particular project I'm workingon?
What does this look like foryou in your daily life as a job
or a work or whatever?
And I said, well, it has to fitaround a volleyball and my
(17:37):
workouts round of volleyball andmy workouts.
So and that was the rightanswer, because that's what
their vision was for raising thecapital as well I need to be
able to exercise so I stayhealthy, so that I can say I do
hard things and so that I canfeel equipped to have the energy
(18:00):
to do all of the things that Ineed to do in a day and want to
do in a day and so and to enjoyit, because there are times when
(18:27):
I do too much and then I needto take a break and I know when
I'm doing too much and I can doit for a little while.
Like everyone, we have ourseasons and our moments where we
do more, and then I know totake my downtime and I also take
(18:50):
a day of rest every week.
I also take a day of rest everyweek.
So my day of rest is not alwaysresting per se, but it is away
from my phone or answeringemails or looking at emails.
So if somebody wants, ifthere's an emergency, I will
respond to it, but I'm notchecking my emails that day, and
so I do take a day of rest aswell, and that helps me to
(19:14):
balance.
I'll ride my bike on that day,but it helps me to balance the
work portion and to be fresh totackle the emails or do the
other things that I need to doon the other six days of the
week things that I need to do onthe other six days of the week.
Speaker 1 (19:39):
Well, certainly,
having a balance is where it
takes you further.
You don't burn out, you stillfeel like you can have fun while
doing work and running business.
So you're a true, true examplein that, uh, in that domain.
For, for the rest of us,because it's true, sometimes we
push ourselves and we want toaccomplish, and we also you said
(20:01):
something really important donot compare yourself to others.
You don't know their situationand is how it compares to yours.
So do with your world, what youhave in your life, and find a
balance to you know balance, tomix pleasure and work, to the,
(20:23):
to the amount that brings youhappiness, and then, and then go
with that.
Speaker 2 (20:27):
Yeah, the other thing
I want to add is one of the one
of the things that so I didn'tdo a job.
I didn't work through all of myadult life.
My husband provided for ourfamily and I was home with the
(20:48):
kids and homeschooled them andonce they were older, I did
volunteer jobs and I didpart-time jobs and stuff like
that through that time.
But one of the things when I wasthen transitioning out of that
and we had some, you know,caretaking stuff that we were
(21:11):
doing as well, but it wasimportant for me to find
something to do that did nottake away from the little
moments in a day, the times toas our children married and had
their children that time to goand watch a ball hockey game or
(21:36):
go and watch soccer or to spendtime with the grandchildren, to
watch them for a couple of hoursor whatever.
So I wanted that freedom forthose things as well, as an
older adult to be able to takethose times and have a
(21:58):
relationship and it comes backto community again to have a
relationship within our family.
So your family is your firstcommunity and and I want, like
we want, our grandchildren toknow us and to to have us in
their lives and and part of thatis to go to their events
(22:19):
because so that they get to knowthat we were there, we were we,
we, you know, cheered them onin in their sports or whatever
it is that they're doing as theyas they grow older, that
they're doing as they grow older, and to form that relationship
and be part of that smallercommunity while also, you know,
(22:40):
being part of a bigger community.
Speaker 1 (22:44):
Well, Dawn, this was
a real pleasure having a
conversation with you today.
I hope that our listeners takea piece of your wisdom with them
on their journey, and I'm surethat we'll talk to each other
soon again.
Once again, thank you for beingon the show today.
Speaker 2 (23:01):
And thank you for the
opportunity.
Speaker 1 (23:03):
Bye-bye, Bye.
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