🚨Emergency Series EP2🚨 To Defer or Not Defer w. Mortgage Broker Claire Drage of the Windrose Group

Hello Wealth Hackers!!

I hope you’re all healthy and staying away from non household members!!

Physical distance and not touching anything in public is what I’m teaching my kids. 

Even before the virus I was always teaching my kids to wash their hands and that everything in the public is assumed to be dirty.

We taught them to use their sleeves or shirts when using public door handles after washing hands.

Meanwhile at home, I’m eyeing my vegetable garden space and looking forward to being able to pay more attention to it this year, and to seeing the kids play in that virus free dirt 😛

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On the real estate side, we’ve had two tenants reach out who were laid off  and asking to use last month’s rent toward April rent.

That’s two out of 30 tenants including our commercial tenant.

We’ve let them know that it was fine and asked them to keep in contact with us if they have further issues.  We even asked one of our tenants, a single mom with Marketing experience, for her resume as we are hiring in that area.

With mortgage and all sorts of bill deferrals available out there we’re not overly concerned. Yet. 

We do have one house we were in the middle of refinancing. The appraisal process is something I’ve never seen before in my 15 year experience. 

In a drive by appraisal, as it’s called, they take pictures of the exterior and the roof to make sure it’s in good condition.

We’ve seen those before, but we have a checklist of photos required from us: all bedrooms, all bathrooms, the electrical panel, furnace, air conditioner, inside the garage, kitchen, living room, etc… This I’ve never seen before.

I’m happy lending is still happening while physical distancing is being maintained for all parties involved, including my tenants.  Fingers crossed!!

As these are extraordinary times, we at the Truth About Real Estate Investing are increasing our episode output to twice per week as we have a backlog from these emergency series webinars.

Coming up we have a stock market update with best selling author of “Get Rich With Options” Lee Lowell. 

Lee shares when he thinks the stock market will hit bottom and the strategies and stock picks to maximize returns after a 30% market correction. 

Last week was my friend Sarah Coupland, multi-family expert investor, on communicating to our tenants during these challenging times, including letters to tenants.  The letter are on our website at www.truthaboutrealestateinvesting.ca on Sarah’s episode page.

Coming up, we have Certified Financial Planner Kathleen van den Berg, MBA and CLU. Kathleen owns 13 investment real estate properties as well. 

She’s sharing her advice to her clients to defer mortgage payments or to not defer, how to pivot their finances during these challenging times, and how she’s up $37,000 in stock hacking by taking advantage of the recent bump up in prices. 

Then we have Derek Foster, the best-selling author of ten books on stocks and options, including “Money for Nothing and Your Stocks For Free” (required reading for Stock Hacker Academy). 

Much has changed since Derek was last on the podcast.

He’s sharing how he’s shifting his portfolio, the favourite stocks he’s adding to his portfolio at these discounted prices, the top 5 Canadian and top 5 US stocks, and where he’s focusing more: Canadian vs US.

Then, for small businesses, contractors, tenants, investors, Realtors, employers, we’re unpacking the latest on government support programs with the lovely Real Estate Accountant Cherry Chan, CA, CPA. 

She’s been busy blogging and supporting her clients and our own rentals business, learning how to navigate the government and bank programs to support us all in this crisis.

FYI – as I try to be as transparent as possible, Cherry funded her account for stock hacking three weeks ago, so without her agreeing to it, her and I are having a she trader vs. he trader competition.  

In week 1: she totally beat me down. Cherry made $4,000 USD vs I was even.

Week 2: she just beat me, we are both close to even but she did beat me by about $200 USD.

This week: haha! I had my best week ever at just over $3,000 USD, but Cherry still beat me by a significant margin. 

We were both trading Dave and Busters, however, I went for the grand slam, Cherry hit a double and her conservatism paid off. 

Her prize is she gets to buy dinner on date night as we get takeout from one of the finest restaurants in own town. We make an effort to support one, local small business each day.

If you too would like to learn a new skill you can use at home, on your phone, while social distancing, I am pleased to announce Stock Hacker Academy version 2.0 in partnership with Lee Lowell!

Lee’s a best selling author, ex Wall Street trader, been trading full time for 30 years, and quit his job in NYC for location freedom to live in Hawaii and Florida. 

Stock Hacking and teaching what we call Stock Hacking is what Lee has done to make his comfortable living. Cherry and I want to bring this to the world as well.

I do love real estate too. Our real estate portfolio is still growing, currently with 10 income properties and 30 something tenants. But I really enjoy Stock Hacking for it’s simplicity: no tenants, no maintenance calls, it’s fun, we already have a fun and supportive community, it’s opened and changed so many lives for the better. 

For Cherry and I, our goal is to each create a six figure income each and I can’t wait to apply these investment techniques to our eventual charitable foundation.

This is the ALL NEW Stock Hacker Academy version 2.0.

I’ve taken in all the feedback from the past courses and redesigned EVERYTHING starting with bringing you all Lee, the godfather of stock options and his top four strategies that everyone should know during this current market correction and eventual recovery. 

All to be taught via live stream in a social distancing friendly format via a weekend bootcamp, followed by eight weeks, of lecture format webinars by Lee.

All new students will receive Lee’s newsletter that he’s been writing for 15 years, written in everyday language that he writes himself, details of his trades in plain everyday language so anyone can do it. 

How do I know? I’m a subscriber too and it’s excellent. It’s a lifeline in these extraordinary times and because he’s been right thus far in timing the market, it’s saved me a bunch of money.

We will host monthly meetups in our new offices, the Wealth Hacker Hub, as continuous, in person learning is a must.  There’s nothing like looking over the shoulder of a fellow Stock Hacker’s phone or just handing them your phone for help.

Cherry did that today as I changed her base currency to report in US Dollars.  Earning US dollars at this very high exchange rate is good times!

This isn’t for everyone, please ignore this all if you have no interest, but my friend Brian Zammit said he’s been waiting 12 years for these next few weeks.

That’s the same Brian, who on this podcast, shared how he achieved financial freedom for his wife and kids in 2011 because of the stock hacking investments he made at the bottom of the 2008 financial crisis.

There’s nothing I want more than for you all to be Brian Zammits within the next two years.

This why I want to grow the Wealth Hacker community, so you may all have freedoms of work, location, finances, stress, and be able to support your local communities.

As such, we do have a promotional price of $2,997 plus HST that is good until April 22nd

Anyone can earn six figures in under 30 mins a day.  Even if you can’t today, like I teach my kids, “you can’t YET,” it all starts with believing in one’s self. To register, the website is www.stockhackeracademy.ca/specialoffer.

The program starts April 25th via live stream, followed by eight lecture based webinars by Lee. I’ve asked Lee to focus on teachings and stock picks that maximize returns for the eventual recovery. 

Funny enough the course starts when Lee predicts the market will bottom. The timing honestly couldn’t be better.  

This, and so much more, we’re doing to support you all, the greater wealth hacker community. And for the Health Care community, we have 200 KN95 respiratory masks we ordered direct from China, certified for use in China (but not by the American FDA) and is approved by the CDC… 

We will hang on to a couple for my family and will donate the rest to friends on the front lines.

My Realtor business is definitely slowing down with open houses and showings of occupied homes halted, but we have our health, some savings, and will do what little we can.

On that note, if you’re a stock or real estate investor and need 15 mins to talk, let me know.

My team or I can get on a call with you to provide you support. It doesn’t matter where in Canada or the US you are.

Email me, DM me on any social media. Never forget, we’re in this together. And shout out to Forza Italia for our Italian friends for reducing the daily new cases.  We need all the positive news we can get.

🚨Emergency Series EP2🚨 To Defer or Not Defer w. Mortgage Broker Claire Drage of the Windrose Group

This episode is with Mortgage Expert Claire Drage  

Claire’s been through this before.

She has been an active member of the mortgage and real estate investing industry for more than 30 years. 

Claire has experience from all sides of the industry, from managing over 140 properties in Spain, to growing her own successful mortgage brokering business in Canada. 

She has consistently been in the top 1% nationally with Mortgage Alliance, and recently has grown a team of mortgage agents, The Windrose Group. 

The Windrose Group team focuses include cost of funds, asset protection, minimizing tax burdens, aligning acquisitions and exit strategies together with ensuring access to cash.

Subscribe on Android

To follow Claire and the Windrose Group: 

Web: https://www.mortgagealliance.com/agent/clairedrage/

Facebook: https://www.facebook.com/TheWindroseGroup/

Instagram: https://www.mortgagealliance.com/agent/clairedrage/thewindrosegroup/

LinkedIn: https://www.linkedin.com/company/the-windrose-group-a-mortgage-alliance-team/

The Windrose Group – Mortgage Alliance

35 Main Street North

Waterdown, ON L0R 2H0

(289) 800-9620

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland

Hello Wealth Hackers,

I’m podcasting to you while in self isolation from my usual place, my home office. 

My fourteen days have passed since we returned from a wedding in Florida, fifteen now at time of recording and no symptoms to report. We got home before all heck broke loose and self quarantine was required so we were just extra diligent about our self monitoring for symptoms while maintaining our distance.

I want to thank everyone for all the birthday wishes that poured in! I’m surprised I didn’t get any hate over what’s going on in the stock market but I did get a nasty iTunes review…

The difference a year makes… last year I turned 40 and Cherry surprised me with a big party at the place that serves alcohol, allows throwing of daggers, axes, and archery.  You just can’t bring your drink into the action areas.

40 something friends and family attended. Fast forward to the present, I enjoyed one of my favourite meals, a whole ton of sushi out of takeout containers at my kitchen table with Cherry and the kids.

No cake, no family and friends, not even my brother, sister and dad who all live within an hour.  My dad is a doctor and my brother has a biology degree so they know full well the importance of staying two meters away from non household members. 

Am I disappointed? Way more disappointed in my stock market losses, but in the grand scheme of things, life is pretty good

We have heat, a full tank of cheap gas in my car, we actually have too much food in the house as I’m receiving a quarter grass fed cow tomorrow. 

I read somewhere to compare our everyday life to the King of England in the 1600 or 1800’s. I have a smart phone where I can google the answer to anything, watch cat videos, or Ripley’s Aquarium live stream of feeding their penguins. 

I can get in my car and drive to the local Korean restaurant for my daily support of a local business and take out a lot of fine sushi. My expected life time is likely more than double that of a royal family member from the 1800’s.

My kids are vaccinated for many horrific diseases.

The richest man in all the world in the 1800’s didn’t even have air conditioning, hence physical distancing to me is not a big deal.  

My kids are managing quite well. Our nanny keeps them busy playing board games, doing home work, riding their bikes in the court. 

Kids are so resilient, they have so little life experience that what ever they’re doing they consider normal.

We bring the kids with us to the office that we are calling the wealth hacker hub to inspect the work and plan our furniture layout, colours, finishings, kitchen, most importantly our classroom, as we call it, where we will host our friends and clients.  

Check out on my website www.truthaboutrealestateinvesting.ca or on my Instagram Erwin Szeto for my kids chasing the laser from my laser measure.

When sports are back on, I’ll have an 8 foot projector screen to watch the game with friends, talk real estate and stocks.  It will be legendary.

Anyways, my kids will grow up thinking it’s normal to invest in the stock market, real estate, commercial real estate, etc…

They’ll understand economics, sales and marketing, risk management.  All the basics of being an investopreneur.

They’ll grow up thinking being one’s own boss and owning assets is the path to financial peace vs. going to university and get a good job and pension.

There’s nothing wrong with that path, my baby cousin is on the path as he’s now a member of our Canadian Armed Forces as an aircraft mechanic and I couldn’t be more proud.  However I’m raising renegades who will have no boundaries.

On to something about investing! We are finally turning around our stock hacking investments. I am down close to $40,000, however last week was neutral.

I just transferred more cash to my trading and account and we had a wonderful surprise, my wife Cherry funded her account and made a nice and tidy four figure return in USD, all realized profits.  

We are having a friendly competition of he vs. she trader and she’s ahead of me this week as well. 

It is anyone’s guess which way the stock market goes from here.

My best guess is we are a few weeks away from the bottom, things could get worse, yet I have positions that will profit in all markets, including having bought shares in a little company called Zoom.  A lot of you working from home are likely now familiar with the company.

More on the all new Stock Hacker Academy version 2.0 with the Godfather of stock option investing next week.

Quick announcement, we have moved our highly demanded free training sessions on the #1 investment strategy in real estate online. 

Normally we sell out in hours of an email going out. The room we reserved can only hold 50, as per fire code. However the show must go on.

This strategy, that will protect you in down markets and accelerate your returns in up markets, is a must know.

For now these classes are free, social distance friendly and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

In the real estate world, the top 2 concerns are tenants not paying rent and to defer mortgage payments or not to defer.

Our JV partner went ahead and deferred one of our mortgages for six months with one of the major banks.  All she did was phone in. Wait times are long but it was pretty easy.

Please do be sure to read and understand what you are doing. The best terms I’m hearing is the deferred mortgage payments are spread over the remaining years of your entire mortgage and not just the term, which to me is fantastic. 

All lenders are different, so get your info directly from the lender. I’m lucky to be part of the iWIN community, so I’ll get all the real world updates.

Do keep in mind your other expenses: property taxes, utilities, phone, car. I’m hearing deferrals available everywhere should you be in financial distress. 

Take care of your mental health, yes, however, taking care of your financial health will greatly improve your stress levels.

🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland

Tenants under financial distress and their ability to pay rent is the subject of this week’s interview.

This is the first in a series of emergency webinars. I’m asking friends who are leading experts in the community for favours to come on my webinar and podcast to share what they are doing, starting with multifamily expert and investor Sarah Coupland.

She is a talented multifamily investor, owner of https://tagproperties.ca/ with over 10 years experience. Sarah’s a friend, my regular go to for tenant challenges, and when you listen to this interview you’ll understand why. 

Download the letters to tenants here:

Letter for Hamilton Tenants

Letter for Kitchener Tenants

Letter for St. Catharines Tenants

Without further ado, I give you Sarah Coupland.

Subscribe on Android

To follow the Infill developers:

TAG Property Management: https://tagproperties.ca/

Sarah’s website (coming soon): www.sarahcoupland.ca

Instagram: https://www.instagram.com/couplandsarah/?hl=en

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Building Income Properties on Free Land with the Infill Boys

Hello my self-isolated Wealth Hackers!

We too at the Szeto household are self isolated. Sort of. My kids still play in our court riding their bikes but we’re washing their hands and faces when they come back into the house.

With libraries and community centers closed, the kids are finding it challenging to find things to do.  On Sunday night, my daughter’s bangs were getting long so I gave them a trim.

Monday morning, she walks into my office and she had cut a whole bunch more of her hair off.

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I don’t know how we last three weeks. And who knows when we get back to school 🤣🤣. I’m not complaining. It’s always been a gift to be able to work from home as much as I do.  

I’m sorry I keep saying it but what historical times we live in…

Just an hour ago I had to talk an iWIN client and member off a ledge as his parents are advising him to stop using debt to renovate and add an income suite to his 2nd investment property, to avoid risk and hoard cash. 

Let’s call him Joe.  Joe is like a little brother to me and even though I owe him a duty of care as our real estate client and iWIN member, I didn’t mince words.

I told him to get the B**** rented. Risk? What risk is there if the place is rented and you’re cash flowing let alone making mortgage payments. 

You want to talk about risk, how about only having a single income as a job, to me that’s risky. And worry about inflation. Everyone saw the Bank of Canada cut interest rates again.

For those who kept reading the news, they’ll have noticed that OSFI, the government agency that regulates our banks, reduced their capital requirements of the big six banks so they could effectively lend out another $300 billion dollars.

Cheap money and more money means inflation so grab a hold of your hard assets.  Some gold and silver is great as insurance, no different than having some US dollars and cash of the paper variety.  There is also real estate, of course.

Yes, there are definitely those out there who are fearful as they experienced high interest and hyper inflation.  I personally don’t expect it here as that would cripple our economy and bankrupt a lot of Canadians. Something no politician wants to do.

My final words to Joe were that this is the time to double one’s efforts.  Vacancy rates are so low I even suggested he start advertising the apartments right away so he may collect rent sooner.

Speaking of doubling efforts, my team is not sitting back. We are innovating and moving what we can to online, including creating our own virtual tours with permission from sellers of listed properties. 

Our free training classes of the #1 investment strategy will be online. On a positive note, we can admit a lot more people into the webinar because we have less restrictions on room sizes and fire code.

Our monthly iWIN meeting will be moved online as well and I will still pay our AV guy Angelo because he’s a great guy and he just had his baby. I’ve asked him to still DJ the online event. I don’t know how that will work but if I’m paying, I want him to work 😊.

Our coaches will still be showing properties and looking for investments for our clients.  Our real estate board was kind enough to send out tips on how to stay safe.  

Besides investor Joe, there are investors out there shopping or who are ready to shop.  One of our clients was offered 2.6% variable rate mortgage on an investment property.  I would take that all day. lol!!

For the passive stock investor, there are already many great deals out there.  One friend of mine is buying stocks, 10,000 dollars at a time each week as he is a long term investor and he’s not trying to time the bottom like I am. 

I’m a long term real estate investor as timing the market has cost a lot of people a lot of money, so I buy houses when I have capital.  I made more of an effort in 2017 when the real estate market was soft right after Ontario’s Fair Housing Plan came into effect.  My guess is we’ll experience the same very soon as people are staying home and not shopping for property.

Quick update on my stock hacking, I’m down over one third of my initial capital so you’d think, ‘don’t throw good money after bad,’ right? Not us! Cherry’s account is now funded so we are both day trading which has been working out great as we are implementing strategies for a down market and we’ll be eventually moving even more line of credit money for bullish trades on Canadian dividend aristocrat stocks and the S&P 500 index.

Yes it does suck to have lost as much as I have, but I’m really excited for these next few weeks, maybe months, for the eventual reversal and ride the wave back up.

I missed out in 2008/9 which I regret, but this is also why we started and rushed out Stock Hacker Academy as I knew this was coming and I’ve never been more prepared.  

I’ve said many times, those with cash and credit win in downturns.  I’ll add to that, know how and hustle. It’s why Cherry and I continue to invest in our education and receiving coaching…

On to this week’s show!

Building Income Properties on Free Land with the Infill Boys

We have good friends of mine, Andy Tran, who I’ve been friends with since 2008, Charles Wah, I was in his wedding party, and Steve Ford, who is a newer friend, client and he’s the general contractor for our new office!! What a coincidence that they happen to be real estate investors too!

They are a team of three who are passionate about infill development projects, and are currently involved in several projects in the Golden Horseshoe. Each one of us brings a unique set of skills and experiences in development, design and home construction that can help you bring your project to reality.

Andy Tran has designed over 160 income suite conversions

Charles has developed land including over 150 houses

Steve has supervised the construction of over 1,000 houses.

They know their stuff, being personally invested in small residential developments, and are here to share how, including the #1 question: the cost to build per square foot plus all the fun soft costs.

Here’s the infill boys!

Subscribe on Android

To follow the Infill developers:

Web: https://www.infilldevelopments.com/

Development course: https://www.infilldevelopments.com/indepth-training

  • Discount code IWIN for $400 off!!

Instagram: https://www.instagram.com/infill_developments/?hl=en

Facebook: https://www.facebook.com/infilldevelopments/

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard

Did anything happen this past week?

Anything of importance affecting life, the economy, real estate?

No? Nothing?

Good, then let’s just skip straight to this week’s guest. Lol.

At least we will see some cheap gas prices at the pump! I jumped the gun and filled up on regular gas at 93.9 cents/L, an hour later it was below 90 cents.

I haven’t seen gas prices like this since pre Hurricane Katrina in 2005. I remember when all the gas stations had to update their signs to accommodate an extra digit as gas prices skyrocketed and never came back down below a dollar. 

Cheap gas is great for more disposable income for the rest of us, but bad news for Canada’s energy sector in Alberta and Saskatchewan including delayed investment, job layoffs, more hits to their economy.

I’ll make sure to reach out to my Alberta investor friends of this show to get their insights into their local real estate markets. One of them, Edmonton investor Jared Hope shared how he just got a 2.59% mortgage for 5 years and is happy about that!

Some of you may have noticed we missed a podcast episode last week.  Even though my family and I were away for a wedding, my team and I had the episode ready however our guest had to postpone her event she was promoting that included me as a speaker. So sadly, we will have to redo what was an awesome interview when we have new dates to share.

The event was planning to host a few thousand however based on studies of Coronavirus, staying away from large enclosed crowds makes a lot of sense.

The stock market is way down. I actually think it has more to give as we are only learning now how infectious this virus is. 

Long term, I do believe this too will pass but the pain in the next three to six months could be significant as our hospitals are overwhelmed, factories are temporarily closed, and we can’t buy goods including prescription drugs.

I did just spend $644 at Costco yesterday on food plus socks for me that were on sale.  No toilet paper though, but we have lots since I buy it whenever it goes on sale. 

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Bringing it back to real estate, it doesn’t take much to spook the market. There were very few buyers out there immediately following the Housing Fairness Plan.

I remember when I was looking for a property to buy in a great area, great condition, separate side entrance for easy basement suiting for a 2nd rental income. Three months earlier, that open house would have been a zoo, at least six or more offers. At the open house there was no one. Just me and the two listing agents.

I made an offer for under asking price with five business days for both financing and home inspection conditions as I was the only offer. The selling agents were great to deal with as I was their only “customer,” so nothing felt rushed. I even got a price reduction for some unforeseen stuff I found during the home inspection. 

Fast forward to today and my team of investor Realtors have told me about 4,6,9, even 21 offers on a single listing. On one of our listings we have 2 offers on a property that was listed exclusively. That one went well over asking too.

My guess is we will see some softness in the real estate market when people are scared to buy a new house or they will be just too busy taking care of their kids due to school closures for Coronavirus.

If we didn’t just buy our office, I would be readying our mortgage qualification documents, ready to pounce on opportunity.

No different with stock hacking. I’ve transferred cash and patiently wait for opportunity. Cherry is opening an account too so we may both learn from this experience and hopefully create significant wealth like Brian Zammit, a past guest of this show who was able to retire his wife and stop working a job in 2011.  You better believe I’m in regular contact with Brian Zammit and my coach.

This show has never been about getting rich quick or no risk or no effort, but rather the truths about investing.  Yes, stock investors are losing money right now and, no, it’s not fun. I won’t be surprised if real estate prices decline or that we see another recession. 

The other truth is I regret not having the knowledge of how to take advantage of the market correction in 2008 because I didn’t understand how it happened at the time.  So I took responsibility that would never happen again. I’ve gotten myself educated, surrounded myself with the right people to be ready for this moment.

The year 2020 will be one to remember as both a terrible year and one of opportunity. I just hope you all stay safe, wash your hands, stay healthy, and make a massive difference for your financial futures.

Now, on to this week’s show!

Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard

Jamie and Leslie Collard are a husband and wife team who have spent the last few years building financial freedom through real estate acquisitions.  Their focus in the past year has been on apartment buildings with an acquired 73 units.

They were able to “retire” before turning 40 years of age and now, they have the freedom to spend more time as a family, travel when they choose to and have no worries about their financial future.

Throughout their journey, they have become passionate about sharing with others how they used real estate to build their wealth. Because it was a challenge for them to learn the high level investment strategies in the business, they have created their own education series that will allow others to learn from the experts in the field.

Aaron Collard is their 15 year old son and wait till you hear what he’s up to.

Without further ado, Jamie, Leslie and Aaron Collard!

Subscribe on Android

To follow the Collards:

Web: https://www.collardproperties.ca/

ADVANCED COMMERCIAL INVESTMENT CONFERENCE:  https://www.collardproperties.ca/seminars

Facebook: https://www.facebook.com/groups/665392684003319/

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart

What did you do this weekend?

Our family made the best with yet another teacher strike day for an over night ski trip at a friend/s cottage.

Vacation properties sure do seem like a good investment these days.  Even though this is a highly seasonal business, the income from summers and winter snowmobiling season seem to make it worth it.

My friend’s cottage is particularly interesting as it’s a wide lot so she’s looking into having it severed and building a rental property on it.  It’s really interesting stuff to the real estate nerd such as myself.

My friend Monica and I are also really into stock hacking so we jumped in on a volatile market on Friday.  Then Monday came and the financial markets pulled back a couple percentage points. It’s days like this I appreciate my very boring real estate portfolio. 

Yes I had to order a new dryer over the weekend after one died and it’s a nuisance but the returns have and continue to be phenomenal. But you know what, both investments have way more good days than bad and as I learn more, I’m figuring more ways to add to my income. 

Plus all us veteran real estate investors know what we all do when the real estate market pulls back like it did in 2009 and in 2017. That was to buy more as the fundamentals were all in place.  I just look at the traffic on the roads, the packed Go Train parking lots, the packed shopping mall parking lots, my forever increasing rents and prices at all my properties to know where this is going.

I actually got into a conversation with a very old friend about his family cottage.  The family sort of lost access to use of the cottage as his brother in law, moved into the family cottage with his young family.  I can’t blame him, he’s young and affordability is off the charts.

Cherry and I have personally resigned ourselves to the fact we will have to cover 90% of the housing costs for our kids. I see no other way with the path Canada and the GTA is on.  Job income has kept up with inflation rates but real estate has completely outpaced incomes and inflation. So as long as my kids’ housing is mostly taken care of, they don’t have to be mortgage poor. Life is about living and collecting experiences, not about existing to pay bills.

Stock Hacking update. 

For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus to trade till after the conference. So since the conference has ended, I am averaging around 11% in the last 11 weeks.  That is gross and not annualized and that is cash money.

However, now with the Coronavirus causing all sorts of issues, the market is down over 10% and I’ve given back all my gains and then some. Those are unrealized gains and I have not closed any positions. I’m actually adding cash to my account to enter more positions to take advantage of the eventual return, no different than the housing correction in 2017. 

My lesson from the last recession in 2008/9 was we did buy one house, but my regret is not buying more, as you all know what rents and housing prices have done since 2009.

In 2017 after the Provincial Fair Housing Plan came into effect, I invested in two houses and suited both basements. It was wonderful to be the only offer on these MLS listings, offering prices below asking and including inspection conditions.  Hindsight being 20/20, these investments have worked out wonderfully as rents are up and my property values are up as prices have now exceeded the peak of 2017 in my market.

Back to Stock Hacking, I may have to own some stocks like Microsoft, Nike, and Starbucks. In my humble opinion, they’re not going bankrupt and I’m hoping to get some stock at 20 – 40% discounts. Am I happy about the downturn in the market or my unrealized losses? No.  Do I see this as an opportunity? Absolutely.

Here’s a quote that runs through my head in tough times “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett. The quote works in real estate too, in my experience, I’ve seen buy and hold investors create more wealth than flippers.

We have some exciting announcements coming soon for Stock Hacker Academy: intro to options for non Finance professionals. Cherry and I have been reading books, we each hired a different coach and as always looking to bring everyday people the best of the best to help them be successful.

Partnering up with the God Father of selling stock options, we’re going to deliver a brand new Introduction Course.  Stay tuned for super exciting announcements on Stock Hacker Academy 2.0.

In other news, following the completion of the Advanced course, Cherry and I and iWIN have no future plans to partner on projects with Theta Trading Co, Matthew and Omar.  We would like to take this opportunity to thank them for their efforts and wish them all the best.

I’d like to also say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy.

We just had our fourth sold out class and we’ve only just started March.  I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in.

Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person. 

For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

And yet another cool announcement, I’m speaking at this year’s Haste & Hustle event in Toronto on Wednesday April 1st. I get to share a stage with Sir Richard Branson. No joke! The speaker list is a knockout lineup of entrepreneurs and change agents sharing their insights and experience. Click here to get your ticket and use the code WEALTHHACKER for 15% off. Haste & Hustle is Shauna Arnott’s big event. Shauna also helps us with the Wealth Hacker conference and we’re so thankful to have her on our side.

Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart

On to this week’s show!

“Mike Rosehart is Canada’s Youngest Early Retiree, an Ivey Business Graduate, Youtube Social Media Influencer, Entrepreneur, and a Real Estate Investor in London, Ontario with an 8-Figure real estate portfolio comprising of over 50 buildings.

Mike is an expert Joint Venture Strategist with a wealth of experience in finding off market private deals, flipping, renovating, and managing the bottom line – focused on cost control and maximized return on investment.

Starting from humble beginnings without a dollar to his name, Mike bought his first property at 19 and built his portfolio up to over 17 properties by the age 24, using the BRRRR Real Estate Snowball Method.

He retired from his day job as a Senior Analyst in IT Business Consulting in 2017 and has been enjoying Financial Independence ever since. Mike believes ANYONE can unlock F.I.R.E. and that Real Estate is one of the best vehicles to expedite the journey to freedom and maximize returns through leverage (cheap debt).

Mike believes the secret to building wealth is simple: Spend Less, Earn More, and Maximize Returns on the difference.”

Subscribe on Android

To follow Mike:

Instagram: https://www.instagram.com/mikerosehart/

Facebook: https://www.facebook.com/mike.rosehart

Youtube: https://www.youtube.com/channel/UCe56q2OeCxBHreMzwiK82Ig

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr

Hello Wealth Hackers!

Happy (belated) family day and for my fellow Ontarians, happy strike and PA days.  I do have to start off by saying thank you to my public schools and teachers.  We have more labour peace when I was going to school and because of it, I know how to ski.  My parents didn’t ski so it was our public school that took us skiing and organized our lessons.  I mention it because I’m just getting back from a four-day week that included yet another PA and family day at a friend’s cottage in Huntsville. 

I’m not a fan of winter cold but enjoy sports and being outdoors.  More importantly I want my kids active and knowing how to ski so they can ski with friends when they are older.  Cherry my wife signed the kids up for lessons and they both did great. Cherry got lessons too as this is I think her third time on skis.

Learning to ski as an adult is way harder. With our largest mass, gravity pulls us down the hill faster and higher center of gravity makes balance harder and the falls much worse.  

OK, warning, proud parent moment.  My oldest Robin was phenomenal. By the 2nd day she was skiing down entire runs independently.  By the third day, she was learning how to do parallel turns and we rode the “red” chair lift together a few times  which was significant as it went to the more challenging runs and away from the beginner hill where all beginners were learning to ski.

While riding the chair lift together, we had some time to chat, I explained to Robin how proud of her I was.  She was proud that she’s better than her mother, I explained she’s better than I was at her age but she needed context.  Robin had three, one hour long private lessons in three days. Mom and dad never had the same privilege. None of her grandparents ski nor took us skiing so I learned in group classes at an older age on school trips.  I asked her if she thought group classes or private lessons are better and which cost more. She replied with the correct answer, I told her it’s the same with her private swim lessons and I let her know how her parents didn’t have the same opportunity which is why she’s the better skier.

Stock Hacking update.  For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus on trading till after the conference so since the conference has ended, I am averaging around 11% in the last 11 weeks.  That is gross and not annualized and that is cash money. I can spend these returns. Understandably I am extremely happy with these results and am inspired by the students of the Stock Hacker Academy. Stay tuned for the next course offering! 

I’d like to say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy. We just had our fourth sold out class and it’s only mid February.  I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in. Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person.  For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr

Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years. 

Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year.  Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes.

Ryan has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.

Subscribe on Android

To follow Ryan:

R.W. Carr Investment on Facenbook: https://www.facebook.com/rwcarrinvestment

R.W. Carr Investment website: http://www.rwcarrinvestment.com/

R.W. Carr Investment on Instagram: https://www.instagram.com/rwcarrinvestmentco/?hl=en

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Investing For The Golden Years, Applying to Live in Space with Karen Cumming

This is a real estate podcast so I guess I should talk about real estate once in a while 😊

Cherry and I purchased the biggest real estate deal we’ve ever done. A commercial office condo in Oakville that will be home to our businesses in Accounting, real estate and Stock Hacking to meet with clients, host meetings; teach, network and coach current and future wealth hackers.  We’re playing with names such as the iWIN Hub. A coming together, one stop shop of awesomeness in the most effective ways to invest.

Commercial office space is a different investment.  We got a great deal on our space, it’s over 4,000 square feet and as we duplex most of our investments, we have doctor tenants who currently rent half the space to help cover our mortgage.  As this is the biggest investment we’ve ever made, it’s also the largest and most expensive long term mortgage we’ve taken on.

Like all investments, we are excited, overwhelmed, and scared.  Yes scared. It’s not like our regular residential real estate where we renovate to suite basements or make ready for university students and the rents cover all our expenses leaving us with cash flow.

In this case our businesses have to generate additional income to cover the majority of the mortgage payments plus all the operating costs of a commercial space.

Plan B if we fail is a sizeable negative cash flow if we had to rent out the space.  The combined rent would not come close to covering just the mortgage. Plus we would likely have to redo our already expensive mortgage for a more expensive mortgage if we the owner did not occupy the space.

Like any and all investments we’ve done such as the Wealth Hacker Conference, the ugly house with bad electrical and leaking basement I didn’t have inspected, bought firm without Cherry knowing.  And the next Wealth Hacker Conference this coming November 2020, we move forward in fear. Our vision of helping 10,000 Canadians become millionaires by investing in real estate and stock hacking is bigger than our fear.

My goal of leaving $10,000,000 to the Hamilton Basket Brigade is bigger than my fear so we push forward through fear.  That same $10,000,000 we leave to our registered charity will be invested via stock hacking to provide a 10% yield of cash flow to provide the poor children of Hamilton warm clothing, food and toys each holiday.  10% of 10,000,000 is one million dollars. So what if we are afraid? The outcome is bigger than our fear and we don’t 10X without this risk.

The great thing is I know we’re not alone. I have an unbelievable partner in my wife Cherry, my team at iWIN Real Estate.  Cherry’s team as her Accounting practice. We have all our clients, students of Stock Hacker Academy, attendees of the Wealth Hacker Conference who hopefully will tell a family member or friend about this podcast if they want to take control of their financial future.

Or if they are beyond the interest stage and want to learn more, we are currently offering FREE training classes on the #1 investment strategy.  The same strategy that’s been discussed a million times on this podcast and practised dozens of times by our clients, my team and myself personally.  These classes are newer so they will be free for now but we will be charging soon so please don’t delay, we sold each and every class in less than 48 hours.  The first two were an hour and three hours each… all the Feb classes are sold out so don’t delay. 

Go to https://www.investortraining.ca/freeclass

Investing For The Golden Years, Applying to Live in Space with Karen Cumming

This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming

You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv – a station based in Hamilton that also serves Niagara and the GTA.  Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.  

There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.

Karen is one of what’s known as “The Mars 100” – 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One. 

Long before her space adventures, Karen became involved in real estate investing back in 2008.  You remember – the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.

Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario.  Soon after, she joined the Real Estate Investment Network – “REIN” – in order to learn what she needed to know about becoming a successful landlord.  Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.

Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.

Here’s where things really get interesting.  Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.

She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life. 

Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.

They felt ill-informed and ill-equipped to make the decisions that had to be made.  And they knew that they weren’t alone. Thousands of baby boomers across Ontario are in the same boat.

In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.    

It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” – now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.

Karen …. Welcome to the podcast.

Subscribe on Android

To follow Karen:

The Indispensable Survival Guide to Ontario’s Long-Term Care System: Practical tips to help you and your family be proactive and prepared by Amazon.ca

Learn more: https://www.amazon.ca/dp/022882091X/ref=cm_sw_em_r_mt_dp_U_aIcrEbGXS5VHH

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook

Hello Wealth Hackers!!

Tonight is date night!! Yes, tonight Cherry and I will have our schedule date night tonight and I’ve planned for us to become Marvel Avengers to save the galaxy from whatever galactic evil is trying to destroy earth.  In virtual reality 😊 No I’m not crazy, not more than usual. If you’re not familiar with virtual reality games, we’re going to Rec Room, a Chucky Cheese for adults with games, food and drink. 

For this particular game in virtual reality, we wear a headset with a display and earphones to immerse us inside a game as if we’re in this virtual world.  I just watched the trailer and it looks like we get outfitted with Black Panther suits and fight Ultron along side all my favourites: Hulk, Spiderman, Iron Man, etc…

What’s funny about super heroes is they are all reluctant heroes.  At some point, the all gave up their responsibilities that come with great power. As you know, I adore super heroes, of course I have no power but one day a switch went off in side me I had to stop playing small in order to help more people. 

It’s partly what drives me to make this world a better place through educating every day Canadians to take control of their financial futures. And of course to fight my arch nemesis: child poverty and hunger via our registered charity the Hamilton Basket Brigade.  It’s not easy but someone has to do it.

If anyone out there is looking for a romantic partner, this is how supportive my wife Cherry is of me.  Tonight at 6:30pm at the Mississauga Library, we have another sold out free training class with 85 registered to learn about #1 investment strategy of basement apartments. 

We practice it. It’s the highest return on investment strategy there is. My team and I have implemented dozens of them ever since they were made legal and likely to have done more of them in our target investment neighbourhoods than anyone else.

Cherry is so supportive, she’s coming with me while I give my portion of the presentation then we may go on our date night.  Cherry values date night over gifts so this is really important to her but she’s willing to make this sacrifice for my business.  Pretty cool eh!

If you’d like to be at the next free training event on the highest ROI strategy please going our invite list at https://www.investortraining.ca/freeclass.

Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook

Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate.  His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200.  Fast forward to today and this same townhouse is selling for $399,000.

The moral of the story, don’t be stricken by fear as it will cost you. Since then Chris has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals.  His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted.

Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf.  Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.

Subscribe on Android

To follow or Connect with Chris:

Facebook: https://www.facebook.com/chris.hook.14203

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

How to Build a House in 30 Days with Kaush Nanubhai

Hello Wealth Hacker Nation!!

We had our first free training class teaching the number one real estate investment strategy this past weekend.  The first class sold out in 30 minutes which resulted in a wait list of over 250. We then sent an invite just to the waitlist for class #2 which sold out in hours.  Numbers 3 and 4 will also be to the waitlist and by then hopefully we can offer up free training classes again to all of you on my email list again.

At the class, my team shared the how to’s of investing in real estate specific to basement apartments, a strategy implemented by almost all guests of this podcast, myself personally, and the majority of our clients at iWIN Real Estate.  In case anyone does not already know, I own a real estate business that helps everyday people from the Greater GTA invest in real estate. We treat our clients like family setting them up with the same power team of professionals we use personally to give the highest probability of success.  

If you or your friends and family are interested in learning the best practices on investing with the four time Real Estate Agent of the year in 2015, 2016, 2017, and 2018.  Add to that all the lessons we’ve learnt from over 100 of the top investors in the country from producing this podcast. We’ve helped people with no experience grow to portfolios of ten or more properties.  If interested, you can register at www.investortraining.ca/freeclass

How to Build a House in 30 Days with Kaush Nanubhai

Speaking of successful clients, we have Kaush Nanubhai returning to the podcast.  When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto.  Fast forward to today, he’s quit his day job and gone full time real estate investor. Kaush is here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver.  The house is currently being finished on the inside, including adding a basement apartment.

This basement apartment strategy sure is popular!!

Without further ado, I give you Kaush Nanubhai.

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To follow up with Kaush

Email Address: knanubhai@gmail.com

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Lessons From 8 Years of Teaching Real Estate with Elizabeth Kelly

Hello Wealth Hackers!

Getting motivated is like showering, you have to do it regularly for it to be effective.  I’m paraphrasing what my friend Russell Westcott shared with me so I thought I would share this quote that meant a lot to me after reading on social media how humble it is to NOT broadcast one’s charity efforts…

“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.”
— Marianne Williamson

For you wealth hackers who are scaling up, you can’t possibly do so without getting attention. You need attention from potential joint venture partners, private money lenders, for hiring team members, or finding buyers for your wholesale deals.  If you plan on scaling up, you need to put yourself out there, including your charity work. 

To each their own. If they want to share publicly what they do with their charity efforts, that’s OK. Making anonymous donations is totally fun, too. If you’ve never done it, try it. It’s not hard to scroll through social media to find a worthy cause.  A friend of a friend told me once how their gym friend is a single mom who has a great daughter. As all parents do, they want their kids to have opportunity, this young lady loved hockey. Hockey is expensive, so what did this friend of a friend do?  They offered mom gift certificates to pay for hockey equipment. She declined. The donor then reached out to the hockey coach and mailed him the gift certificates under the agreement he would remain anonymous to the child.  

Here’s a note from the single mom, “Her first game going into the arena was such an awesome moment for both of us and her last game (which turned into 2) was so awesome! She showed such bravery but wanting to try goalie again and for another team of people she did not know! It was a very proud momma moment and one which I know will continue to build her character in all the important ways. Thank you so much for the role you played in this, it really means a lot to us (she still doesn’t know it was you).”

Needless to say, this friend of a friend was happy to play a small part.

If you ever want to lead, leading by example is one of the best methods.  And if you ever post anything on the socials with you doing something awesome, know that you inspire me.

No idea where I was going with that but let’s talk about kids.

My daughter received a small digital camera for Christmas. She loved it.  Loved as in past tense because I took it and hid it from her when she wasn’t looking.  The camera comes with some retro, basic games including a snake. If you owned a cell phone from around the year 2000 you know what I’m taking about where you control a snake to eat food while avoiding walls and your own tail.

Anyways, my daughter was obsessed with the camera and when she didn’t have it, she wanted it.  She’s like her dad in that I’m addicted to my smart phone and social media. I’m not happy with my own issues nor do I want my kids to be addicted to screen time like their old man. So I hid the camera and my daughter’s attitude and emotional control immediately improved.  We found the same to be true when we got home from the cruise ship eating a diet free of regular ice cream.

See problem, fix it. My kids get very little screen time each week. Almost none during school days which is why my son was able to sit with Cherry and I while having lunch with Greg Habstritt for two hours last week.  He had his toy monster truck and sat quietly taking in his new environment.

Now, I have no idea what I’m doing as a parent. I’m hardly well read in this area, but one of my neighbours is a Psychiatrist at our school board. ADD and related drugs prescriptions are on the rise, so Cherry and I will do what we can to raise healthy kids.  Including leasing a minivan without the tv package the car sales person told us was a must.

Like anything else us wealth hackers are faced with, see problem, create solution.  Don’t want to work forever or retire broke, hustle today to invest for the future, however you know to best invest.  Including investing in coaching which leads us to this week’s guest Elizabeth Kelly.

Lessons From 8 Years of Teaching Real Estate with Elizabeth Kelly

Elizabeth is a friend, Real estate investor for 15 years, specializing in Buy, Rent and Hold, Rent to Own and Flipping strategies.  Legacy Trainer for 8 years, Investment Coach for 4 years, Founder of Sandstone Property Management (Kirkland Lake), Member of the Executive Advisory Council for Ontario Landlords Watch. I give you, Elizabeth Kelly.

Subscribe on Android

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to go deep.

 At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

 Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • One barely used tactic for higher appraisals…
  • If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at meaghan@infinitywealth.ca. Don’t delay, the top markets we focus in are trending upward in price, so you can pay today’s price or tomorrow’s price.

Till next time, just do it because I believe in you.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/