Financial Peace with Rav Toor

Are you ever really sure you know what you’re doing?

I regularly check in with our investment decisions and, more importantly, what my wife and I are doing as parents. No different than investing, a custom approach is best and kids with their personalities are no different.

Admittedly, I’ve taught my kids some controversial things. Today is international bully awareness day, so I thought I would share. My son enjoys hitting and wrestling, my older daughter not so much. So, I’ve told her to tell him to stop and, if he doesn’t, walk away. If he keeps pestering you, then hit him back, just not in the face.

I know many don’t believe in violence, but from everything I’ve read on bullying and from my experience, there are people out there who don’t understand words. So I view this as a learning experience under the safety of our home. My daughter learns to stand up to bullies and my son learns that unacceptable behaviour will result in being hit by the victim.

Even though their fighting drives me bonkers, to see how they are best friends makes it all worth it. Here they are, my daughter riding my son’s bike, because she got tired of riding her scooter. My son is copying me, how I was pushing my daughter when teaching her to ride without training wheels.

My family is my motivation to work hard to afford more financial freedom and financial peace. Financial peace is a term I first heard from this week’s guest, who is mega successful thanks to his TV show, The Everyday Investor. He has peace, as he does very little other work, other than starting his own church. He has peace, as he called his phone company to remove the texting function from his phone and he deleted all of his social media.

Financial Peace with Rav Toor

Rav was a Realtor and owned his own brokerage, plus several investment properties, but the lifestyle of hustle and the demanding schedule did not suit him. So he stopped being a broker and sold all his investment properties. Instead, Rav focuses on producing his show and teaching others how to invest passively in land developments. However, by far the majority of his time is spent with his wife and two teenagers. Financial Peace indeed, as Rav is rich, yet his favourite store is Old Navy and the only car they own is not fancy and over ten years old.

Here I am as a guest on Rav’s Show: https://www.youtube.com/watch?v=IzRuyalspiY

If you’re interested in learning more about investing in real estate, we have upcoming Street Smart tours of two of the elite 8 towns: Brantford and Barrie.

Saturday morning of April 27th, we have the former Economic Development Officer of Brantford leading our tour of potential investment properties. One property will be ideal for the recreational investor and another for more intermediate to advanced. The tour will be followed by a mastermind lunch with fellow local investors, including experts from the iWIN community.

To get your tickets: https://www.eventbrite.ca/e/iwin-april-27-brantford-street-smart-tour-tickets-59267081436

Save the date: Saturday morning of May 18th, same idea for Barrie: a street smart tour led by award winning Realtor and investor of 10+ properties, John Beddome. He was a guest on this podcast just two weeks ago, and has been investing in Barrie since 2007.  John will be hosting a tour of properties, followed by a mastermind lunch with fellow local investors, including experts from the iWIN community.

Save the date for now and stay tuned for how to buy tickets which will be in the show notes at the http://truthaboutrealestateinvesting.ca, or get on the email list so you are emailed when new episodes are released and informed when we host events.

Subscribe on Android

To follow Rav, again he doesn’t have social media:

Everyday Investor with Rav Toor: https://everydayinvestor.com/
Simple Church: https://simplechurch.ca/

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

W: erwinzeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/
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How to Prevent Basement Leaks with Manny Cabral

The 40th birthday that never ends….

My clients, I call them the infill boys: they buy houses with large lot sizes and build a 2nd building on the same property.

They invited me dinner, a Raptors game, post-game drinks, midnight Chinese food, followed by a night cap of bubble tea because, why not?

My clients are Andy, Charles and Steve. They are my clients and, more importantly, they are my friends and it’s so great to have like minded friends. We can share business ideas and goof around so things NEVER get boring.  

At dinner, Andy was telling me about an opportunity to turn a suburban bungalow into a three family home with basement apartment and rear edition.  I know a little about investing, so I have questions around utilities servicing and parking, to which Andy has answers. We even used whatever was on the table to visualize the plan.

Here, I’m using my phone to represent the addition.  It was the rear addition to the napkin (main house), but now it’s the second storey to the main house.  Mind blown. Imagine buying a house for $400,000 and being able to convert it into a four family home for under $400,000.

With today’s market rents, that same property would generate $74,400 rent, plus utilities, per year. All under one mortgage. :p

It’s a dream, but hopefully we are two years from being two years away from making this a reality.  Assuming you have all the money you need for downpayments. Speaking of money…

New addition to the April 13th Agenda

What’s the #1 problem for real estate investors? How to systemize a real estate business, so we have added it to our agenda for April 13th. It is tax season after all, so I’m sure you’re all enjoying figuring out your tax stuff while the weather is all of a sudden warm and sunny. 🙂

How to better systemize your real estate business. And not just teach you – but show you the best systems by actual professional investors. We’ll have best practices for bank accounts, receipt keeping and filing, filing systems for both paperwork and online record keeping. We could go on!!!

Our instructors:

– Kristy Allison McDonald, owner/operator of BK Real Estate with an 80+ property portfolio including lots of flips and legal duplexes.  Kristy and husband Brady live on their new 50 foot boat in the summer in the Bahamas. That’s how systemized their business is.

– Cherry Chan, Real Estate Accountant, investor of a 10+ property portfolio, and Accountant to many of the top investors in Ontario. We got her in the middle of tax season at a massive expense, of course, so you all can benefit.

As per iWIN policy, we learn from the master class experts. Doers. Not Theory.

I have also asked Russell Westcott, JV Jedi, to offer more bonuses to attendees. I’ve negotiated, not ONE but TWO legal document joint venture agreements and the related checklist.  Russell has paid his lawyers a rate of $500/hour to prepare these documents and these will be free to attendees.  Attendees are saving Thousands with these documents alone.

April 13th, all day (9-5), Oakville. Click on the link for full details and to register: https://events.infinitywealth.ca/register

Or email Maria at maria@mrhamilton.ca

iWIN members: this meeting is included in your membership and will be recorded for your future enjoyment purposes.

How to Prevent Basement Leaks with Manny Cabral

Onto this week’s show!

I’m getting a lot of emails and seeing it all over the investor Facebook groups, folks are experiencing basement leaks. I’ve invited my secret contractor, friend and client, Manny Cabral, on the show. Just to warn you, he’s ultra-busy and selective of who he works with. He’s earned the right, as he’s so busy with his own portfolio and existing referral business.

Anyway, Manny is a real professional contractor. He used to manage government renovation contracts for government buildings and schools.  He’s used to large scale projects with lots of regulation and moving parts, which makes him well suited to be a general contractor, investor, and house flipper.

Manny, plus his two sons, are members of iWIN and he used to sing and play guitar in a travelling rock band. As the serial entrepreneur that he is, Manny also collected and sold Corvettes. When our dollar was near par, Manny was the biggest reseller of Corvettes in Canada, but that’s all boring compared to leaky basements, so have at it Manny!

Subscribe on Android

To follow Manny Cabral:

Web: primoinvestmentproperties.ca
Instagram: https://www.instagram.com/emanuelc101/
Facebook: https://www.facebook.com/primorenoinc/

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

W: erwinzeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/
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How to Invest In Barrie Easily And With Stable Cash Flow with John Beddome

Is it weird to work on your birthday?

I kind of enjoy working, and our events allow me to see our clients and friends in person. This past Saturday, our team hosted 50+ investor on the iWIN Flip Tour in Hamilton. Our friend, client and iWIN member, Manny Cabral, is in the middle of flipping two properties so we could get the inside view. Literally, as some walls were not just closed, and Manny explained how the deal went down and planned renovations to maximize returns. Both houses were bought off-market, but will be sold on the market via our top Real Estate Agent team who has been working with investors for last four consecutive years.

One of the key factors of a successful flip is to purchase the property at a price below what it would sell for on the market. Often times the property is so unmarketable, and sometimes dangerous, that some owners prefer to sell off market. When selling a fully renovated, turn key property, the best practice in my experience is to sell it on market. Those who buy off market want a discount. If you’re looking to sell and maximize sale price, then you want to market the property to as many buyers are possible to be in a position of strength when negotiating, as our client and iWIN member Manny Cabral is doing when his flips are done renovating.  

As I’ve mentioned on this show, the market is often irrational in how it behaves. I once had two offers on one of my listings, one was our offer, at asking with conditions; the second was $80,000 higher without conditions. If the property was not listed, I would not have received that 2nd offer for $80,000 more. But do know that communication and positioning had to be executed perfectly to generate that crazy aggressive 2nd offer.

As is goes with my networking group, the Infinity Wealth Investment Network (iWIN for short), we will continue to teach about flipping and off market deals and wholesaling, along with our full suite of investment hacker strategies. Our guest speakers last Thursday, Ryan Carr and Susan White, have done it all: tiny houses, vertical splits, horizontal splits, storage rentals, rent to own. They know and have done it all, they are investment hackers which enables them to maximize returns on any given property.

Why is that important? Sometimes, a great deal will come across your desk and the amateur might think, “This is a great buy and hold” or worse, “I’ll pass”. Whereas an investment hacker would look at the same property and think, “This would be a great property for a coach house addition for short-term furnished rental to someone waiting for the insurance claim to come in and rebuild their home and we can 3x the rents of a single family buy and hold.”

Which investor do you think will come out of the next recession in the best shape?

Such is why we will continue to teach the latest and greatest at iWIN events:

As for our upcoming event:

April 13: [iWIN All Day Meeting] in Partnership with Russell Westcott: 7 Steps to Raise $100K+ Real Estate Raising Capital Academy-LIVE

VENUE – Sheridan College Conference Centre – we’re back!!

    • For iWIN members, this is included in your Membership. Tickets are available to purchase for non-members as this is a special event. Members, not sure if you’re registered? Email maria@mrhamilton.ca !
    • Russell Westcott, best selling author, expert instructor on the subject of raising capital for real estate investors is back to take an all day deeper dive on the subject of joint venturing where YOU the real estate expert will learn the expert secrets to attract capital partners for your real estate co ventures.

How to Invest In Barrie Easily And With Stable Cash Flow with John Beddome

On to this week’s guest!!

Sadly, the truth is there are few people I like in the real estate industry and even fewer in the real estate investment industry.  John Beddome is not only of the good ones, he’s one of the great ones.

John is a licensed real estate professional, he listens to what his clients want and gets them exactly that. The job is to guide investors as best as possible with the highest possible return on time and investment, and John delivers exactly that.

When I was checking John’s references (I check references for guests of the show 🙂 I was informed this client was showed seven properties by John, and the investor bought five of them because John listened and found them exactly what they wanted.

John is also an investor, a top 10% investor, as one of the few who achieve double digit investment properties at 12, having started in 2007.  Even more important is what a good man, husband and father he is, but I won’t spoil it for you here, but around the midpoint of the interview he had me choked up.

Finally, John is an original member of iWIN and member of the League of Extraordinary Real Estate Professionals that I personally endorse.  After you have a listen, you will understand how John qualifies.

Without further ado, John Beddome

To reach out to John:

Facebook:https://www.facebook.com/beddome
Web:http://investedinyou.ca/

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

W: erwinzeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/
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How To Get The Bank To Give You Mortgages On Investment Property with Dion Beg

How were your 20’s compared to your 30’s or 30’s compared to your 40’s, … etc?

To me, it’s all a blur and went by so fast. I still look at my kids in astonishment and can’t believe they are mine and I’m responsible for them. Parenting should really be more regulated. LOL

By the time you’ve heard this, I will have turned 40. I can’t help but think back how much more I accomplished in my 30s than my 20s. What blows my mind is what I have planned for the next decade, and I thank you all for listening and following along in my journey. My birthday wish for all of you is to do what you can to build a stable, prosperous portfolio that meets your goals. Maybe one day we can grab a drink somewhere with a warmer climate and share stories, give thanks to our past selves for the hustle we put in so our retired selves could live a little more without worry over money.

This podcast also approaches a milestone of 100 episodes. It started with a crazy-nervous host with some odd ball questions, but top notch guests, as an experiment to do six episodes. We were far from perfect, and still are now, but we got it started and the podcast was ranked #55 on iTunes in the investment category.  An all Canadian podcast vs the whole wide world of podcasts, and it all started in my bedroom. I still record the majority of episodes from my home office.

To celebrate 100 episodes, I have a couple things planned. I’m inviting what I call “centurian investors” on the show to ask them their lessons from owning 100+ properties. What would they do differently so, as usual, we all may learn from their mistakes, their tips and tricks we can apply immediately, and for the long-term for our own portfolios. Even if you’re a beginner, would you want to adopt a centurion investor’s top strategies?

A couple quick announcements to make for our upcoming live and in person events.  In this world of internet and social media, these tools can not replace networking face to face where you will learn at least one thing to take your business to the next level.

March 28th: [iWIN] March Meeting – Off Market Deals, Tiny Houses, Vertical Splits!!

      • Our guest speakers include titans of our industry, Susan White Livermore with over 70+ properties and Ryan Carr who has bought about two houses per month for the last three years. Ryan just sold the Tiny house as well, so let’s find out how the deal went down and how much money he’s counting!
    • This really is a treat to have such high level investors come and share with us all to raise our collective skill and experience levels.  No where else do you find this level of talent in one room

April 13: [iWIN All Day Meeting] in Partnership with Russell Westcott: 7 Steps to Raise $100K+ Real Estate Raising Capital Academy-LIVE

    • For iWIN members, this is included in your Membership. Tickets are available to purchase for non-members, as this is a special event.
      • Russell Westcott, best selling author, expert instructor on the subject of raising capital for real estate investors, is back to take a deeper dive on the subject of joint venturing where YOU, the real estate expert, will learn the expert secrets to attract capital partners for your real estate co-ventures.
    • Getting mortgages is tougher than ever, the ability to raise capital for any business or investment is key to continuing the growth of your portfolio.
    • For tickets, go to events.infinitywealth.ca. Please don’t wait. Our events always sell out and early bird pricing ends April 5th for $100 off, or bring a friend 2 for 1 special. Again, events.infinitywealth.ca

May 30th: [iWIN Members Only Monthly Meeting] Mastermind Dinner

      • After countless requests for more networking time, iWIN is hosting a Members-Only dinner.
        The cost of this dinner is included in your iWIN Membership.
    • Location TBD and near Pearson Airport
    • There will be structured networking, so expect to be having new conversations with experts you have not met before.

Summer iWIN Socials: Mastermind On A Boat, Mastermind on a Bike – Niagara Wineries Bike Tour.

The epic 2019 continues!!!

How To Get The Bank To Give You Mortgages On Investment Property with Dion Beg

On to this week’s show!!

In 1964 a comic strip called “Wizard of Id” was published

In the first panel the diminutive tyrannical King character addressed his subjects from the balcony of his castle and emphasized the need for “peace and harmony”.

In the second panel the King continued by stating “We must all live by The Golden Rule”.

Traditionally, the golden rule is to do unto others as you would have done onto you.  That’s what nice people do. The tyrannical King, the central character to the Wizard of Id, is not nice so you can imagine the confusion by both the reader and the audience before the king.

In the last panel the jackass king character states “Whoever has the gold makes the rules.”

In today’s real world, the banks have all the cheap money, cheap money all us investors want, and on the show we have my old friend Dion Beg who specializes in mortgages for investors. He just so happens to belong to the #1 mortgage company in Canada, Butler Mortgage.

I’ve always believed in working with the best of the best, and bringing you the best of the best, hence I asked Dion to give us all an update on the mortgage markets specific to us investors and across multiple investment strategies.

Pay special attention near the end when Dion explains the break down of his clientele between recreational, intermediate and advanced. I may have many super-stars on this show, but as Dion shares, you don’t need much to build a healthy retirement nest egg. If you’re new to investing, start there. Because no one else is going to give you a pension for this little effort.

Without further ado, I give you Dion Beg.

To reach out to Dion Beg:

Web: https://www.mortgagesbydion.com/

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

W: erwinzeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/
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Aha Moment for the Hamilton Basket Brigade and How to Invest in Brantford Like a 28 Year Veteran with Former Economic Development Officer Paisely Mackenzie

80+ Houses in Only Three Years, Raising Capital on a Boat w Kristy and Brady Mcdonald

Every investor’s greatest fear is buying a lemon of a property. A money pit, if you will.

I made that mistakes way back when I started. We were offered what every investor wants, an off market deal! We made an offer well below what the seller’s Realtor thought they could get and,  boom! We got ourselves a money pit. The house had a log foundation and the driveway was sloped to direct water into the basement window and onto the dirt floor of the cellar.

The water that came out of the taps was brown from time to time… I learned a lot from that house.

Mistake #1 – We didn’t get an inspection.  The brown tap water is a symptom of galvanized steel plumbing. An old type of plumbing known to leak, hence the insurance companies I use today won’t insure it. If you find it, you better have a plan to replace.  No insurance = No mortgage.

If you were going to renovate a house with galvanized steel, would you get permits and update the plumbing to today’s standards when renovating the bathrooms and kitchen or would you leave the old plumbing and just replace the bathroom and kitchen?

A mastermind member of mine, let’s call him Brian, called me and asked my opinion. He had an accepted offer conditional on home inspection, on a nicely renovated property BUT the home inspector found some improper electrical and the bathroom and kitchen fixtures were connected to galvanized steel plumbing. The same stuff I mentioned earlier that insurance companies will not insure. There were no permits taken out, obviously.

What would you do? You bought a house you thought would not need renovation, with a new kitchen and bathrooms, now you find out the electrical is problematic and the plumbing all has to be redone. Doesn’t that feel like bait and switch?

I told Brian what I thought his options were:

  1. Counter with the seller agrees at their own expense to get electrical and plumber permits to fix all the problems.
  2. Get a reduction in price to reflect the cost of remediation.  Not my ideal choice, because now you have to manage contractors and have a vacant property during the renovations.  This was Brian’s Realtor’s preferred option.
  3. Walk away.

A couple lessons here. Trust no ones’ renovations and workmanship, always get an inspection unless you plan on gutting the place anyways. Even brand new, I had my new construction houses in Brantford inspected. They had passed their electrical inspection, but my inspector found a mistake in the arc fault circuit interrupter that should not have passed inspection. The seller fixed it at their expense. My inspector also pointed out how the step was missing off the rear patio door, something required to obtain an occupancy permit allowing people to actually move in.

Houses are a big investment, an ounce of prevention is worth a pound of cure. Get an inspection.

On the other side, when you renovate, don’t cut corners. You don’t want that as your reputation, as the investor community is a tiny one. As Warren Buffet said, It takes 20 years to build a reputation and five minutes to ruin it. If you think about that, you’ll do things differently.

Our next Infinity Wealth Investment Network, or iWIN for short, meeting is here in Toronto on March 28th. If you’d like to come, you have to act fast as these events sell out.

You can grab your ticket here: https://iwinmonthly.com/optin

On to this week’s show!!

While my wife Cherry and I were on a cruise ship in the Caribbean, working the whole time, we fit in a podcast with our new friends Kristy and Brady Mcdonald. With partners who contribute both the cash for down payment and renovation, plus getting the mortgage, they have been able to acquire over 80 properties in just a few years. Some were flips so they only still own 60+ properties, depending on when you talk to them.

Pay special attention on how they are able to manage both the acquisition, renovations, and all those tenants. Also note that the Mcdonalds now spend a lot of time on their 50 foot boat in Florida and the Bahamas, cruising and exploring uninhabited islands. Their boat is called Living the Dream.

Kristy also survived a tragic boating accident as a teenager and lost her arm in the process.  She’s no victim though, as she practices a positive mindset.

I give you, Kristy and Brady Mcdonald.

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

My Wife Cherry Interviewed Me. Asked About the Stuff I Don’t Share…

What can I say? As any of you regular listeners know, I’m far from normal… but you know what I’ve learnt about spending time around successful people?  We’re all sort of crazy.

Anyway, Cherry had a glass of wine, a shot of tequila, loosened up, and felt like asking me whatever she wanted.

If you still trust me afterwards to help you build your wealth through real estate, I’ll be at the next monthly #iWIN meeting on March 28th.

At our last event, we had two of the nicest people in Stuart and Denise MacPherson come all the way from Ottawa to share how to raise money with RSP’s. We also had master of raising capital, Russell Westcott, in the house answering your toughest questions on the subject.

Russell walks the walk too, having raised 7 figures just last week. That’s capital, not mortgage money, as some people on the social media are including in their definition of other people’s money. We only bring the best of the best guest speakers to #iWIN and Russell qualifies as the best selling co-author of Real Estate Joint Ventures: The Canadian Investors’ Guide to Raising Money and Getting Deals Done.

These are the things you CAN’T learn in a book or podcast . . . These are the things we bring to the table for our Freedom 45 people. My goal for our clients is not to teach them more stuff… it’s to make them more wealth. Anyway, if you’ve had an interest in real estate, let me know. I’ve got a killer Freedom by 45 blueprint.

Don’t worry if you’re over age 45 or close to 45, our blueprint works for anyone looking to make more money and build wealth. Even if you think it’s too late for you, we can help you help your children and grandchildren in building more wealth.

Our next Infinity Wealth Investment Network, or iWIN for short, meeting is here in Toronto on March 28th. If you’d like to come, you have to act fast as these events sell out.

You can grab your ticket here: https://www.eventbrite.ca/e/iwin-march-meeting-with-susan-white-livermore-tickets-57126023474

But before that, we have our Kitchener-Waterloo Street Smart Tour this Saturday on March 9th with Tim Hong! You can find out more information and grab your FREE ticket here: https://www.eventbrite.ca/e/iwin-kitchener-waterloo-investment-tour-march-9-tickets-57141131663

Without further ado, I give you my lovely wife, Cherry Chan of www.realestatetaxtips.ca, asking me crazy questions.

Show notes:

Cherry on the web
To register for iWIN’s monthly meetings
Russell Westcott’s best selling book
Erwin on the web

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Are You Starting Out As An Investor and Thinking About Getting Your Real Estate License?

New record: 24 years old, first time buyer, went firm on an investment property and we couldn’t be more proud.

His name is Joe and we’ll be having Joe on Facebook live for iWIN members and we will share the recording for the podcast and on YouTube.

The number one regret of real estate investors is they wish they started sooner.  

Note this is Joe’s first property ever. We do have other investors who bought investment property at 24, but they already owned their homes.

Mark my words here and now, Joe will be a future real estate millionaire and, if he chooses, a multi-millionaire, and iWIN members will be here to support him.

If you want to meet Joe and learn about his duplex-ing strategy (with the help of Andy Tran and Coach Tammy DiTomaso), stuff we teach all the time at monthly iWIN meetings, then come check us out, assuming we have not yet sold out.

Registration and tickets here: https://iwinmonthly.com/optin

The Vue
195 Galaxy Blvd
Etobicoke, ON M9W 6R7

Thursday, 28 February 2019
6:30 PM – 10:00 PM EST

In other news, I went to the casino on Saturday and came out on top!!

After the sold-out real estate development tour in St. Catharines on Saturday, a couple of us played hooky and went to Fallsview Casino.

Gambling stresses me out. I don’t know what it is, but I get so stressed and I don’t enjoy it, but I’m happy to enjoy an adult beverage or three while watching my friends play.  Plus, I’m extremely risk averse. I prefer my money making me money, rather than losing money. That is the number rule in Warren Buffet’s playbook after all.

Our group of five lost a combined $1,800, or an average of $360 per person. Since I didn’t gamble, the average loss is really $450. Tammy Ditomaso, who’s on my team, broke even, so really the losses were $600 on average.

That’s not even a tax deductible expense!! Patooey!!

Since our team had their wallets handed back to them empty, I picked up the tab at dinner. And since dinner was with a group of clients, that would qualify as tax deductible client entertainment.

The day was super fun, hosting 40 investors to tour an actual development. There were no sore losers from the Casino, and who doesn’t like a decadent Chinese dinner, complete with Peking duck?

Next time though, consider investing your money in hard assets or a small business for yourself, which leads up to this week’s guest, Tim.

Are You Starting Out As An Investor and Thinking About Getting Your Real Estate License?

I get this question a lot from recent graduates and folks switching careers. “I want to be an investors, should I become a Realtor?”

I get it so often, I invited a young gentleman named Tim to ask me his questions, and record it so I may share this for anyone in the same boat as Tim.

For those wanting to get a real estate license to get access to the data available to Realtors, over 50% of agents do 0-1 transactions per year. Don’t you think you could hire one as your assistant to send you reports and the data you need? That would be considerably less expensive than the hundreds of study hours needed to obtain your license, plus the couple thousand dollars per year in fees to maintain your license.

Food for thought and by the way, don’t listen to me for career advice or legal advice. These are merely my two cents on the subject.

Secondly, I learned in the methods of business, to not follow one’s passions. The market does not care if you’re passionate about real estate. I got my real estate license back in 2010 because there was a gap in the market. There was no one focused on guiding investors in Hamilton at the time. I was part of a fair-sized investor network and investors there were demanding the same.

I am a Hamilton investor, I was good at it. I’m a pretty good Realtor too, hence the awards you can see behind me. There was demand and no one was supplying the service to fill such demand. That’s how I made the business decision. If you’re looking to practice as a Realtor, I suggest a similar approach to evaluating the supply, demand, and competition in your target market. A great place to start would be like I did, becoming a member of group of like-minded real estate investors like my own group, the Infinity Wealth Investment Network. The iWIN group meets on Feb 28th and four weeks later on March 28th. If you want to be a investor, I can’t recommend enough that you spend time around local, successful investors.

If you want to take an even deeper dive into our Freedom 45 program, we can create for you a business plan that can truly give you time and freedom to do other things you love.

If that interests you, come to the next iWIN event! You can register here: iwinmonthly.com/meeting

If you’re looking for a get rich quick scheme, this isn’t for you.  Building wealth is a marathon, not a sprint, and playing for the long-term takes a lot of the risks out of investing. No different than the Casino, but I despise risks to my money.

If you’re looking for a “work hard and build an awesome portfolio” scheme, then I’m your man!

Enough from me, I give you Tim, a 23 year old recent graduate with a Psychology degree, $40,000 of student debt, and big aspirations for what’s next.

Books I recommend:

How to Win Friends and Influence People by Dale Carnegie (I can immediately tell when people contacting me, asking questions, asking for my time, if they’ve read this book or not)
Maximum Achievement by Brian Tracy
Psychology of Achievement by Brian Tracy
Rich Dad Poor Dad by Robert Kiyosaki
Renos to Riches by Ian Szabo

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

How To Build a Portfolio of Over 200 Properties and Lessons Learned Surviving An Economic Downturn with Jared Hope

Hello Investors!!

Are you surviving the snow, ice and cold?  What better time than now to get away to Florida, no? This time next year I plan on go back stateside for the 10X Growth Conference as I just got back and it was awesome.  Here are my 🚨Top 3 takeaways from the first day and a half at #10xgrowthcon .

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📐1. More attention to digital assets, specifically websites, thanks to how tos by @tailopez. Check out his website if you want a great example.

🌟📈2. Scaling up is actually a way to reduce competition. Many have yet to learn the skills or raise the capital to do so, so scale up.

🎥3. Share more via video what I’m doing to help clients, members of #iWIN and, most importantly, my charity the @hamiltonbasketbrigade, because this isn’t about me. It’s about providing 1,000 families each year their best holiday ever.

Bonus takeaway: Likes are votes in a democracy, if this video helps you, please like. 🙏🙏🙏

How To Build a Portfolio of Over 200 Properties and Lessons Learned Surviving An Economic Downturn with Jared Hope

This week’s guest is excellent, as always. He’s a coach, a real estate business owner with property management and home construction businesses with 18 staff, and he’s transacted on over 200 properties since 2003. His name is Jared Hope of Tilt Property Group and he’s seen it all, from boom, to bust and 18.5% vacancy rates in the Alberta real estate market.

Jared even shares the moment where he almost lost it all to bankruptcy, having to rely on a stranger to pay for his family’s grocery bill.

Listeners, especially those in Ontario and BC, we’ve been on a very good run since 2008. There will be a downturn and Jared is here to share lessons on where he went wrong in the early days building a massive portfolio, what he would do different to insulate himself from six figure cash calls, and what experts to listen to… I have five pages of notes and know I would have 10X that if I were listening and not interviewing.

Enough from me, I give you Jared Hope.

How to Connect with Jared:

We’re already discussing to have Jared as our May speaker at iWIN. Stay tuned!

Web: https://www.tiltgroup.ca/
Facebook: https://www.facebook.com/pg/tiltgroup
Twitter: @thejaredhope and @tiltproperties

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

How to Lose Weight, Gain Muscle, Be a Beast with My Crossfit Coach Daniel Thiessen

I bought a house two weeks ago and inspected it last week. From the pictures and description of the house, I estimated $100,000 to get the house rent-ready. Sadly, my renovation estimate was accurate at just under $100k. I’ll allow myself a pat on the back for sadly being right about a lot of money going out the door. I bought it without conditions too, which I do not recommend. Please don’t do what I do. You’ll hear in a future podcast episode how Cherry, my wife, is not too pleased that we didn’t have an inspection condition and I didn’t even see the house!

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Bought another ugly 🏚house. I don’t always just 🏋️‍♂️Crossfit and 🥋Brazilian Jiu Jitsu, some times I actually invest for 🏖retirement and the 🏛kids’ education. This one will make a terrific furnished rental being so close to a 🏛university, a 🏩hospital with no area 🏨hotels, where jobs won’t be lost to automation or outsourced overseas. . I’ve been told I’m a risky investor by everyday people, non investors. The truth is I abhor risk hence I’m 👨‍🎓always 👨‍💻learning, 🤝networking, making relationships with the best of the best so my investment and future is taken care of💆‍♂️ . And oh yeah. We found a mouse in the fuse box. What a ⚡️shocking ⚡️discovery

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With the location being so close to a hospital and university, I’ll see what my options for a furnished executive style rental are, as I’d like to avoid future by-law issues with AirBnb and student rentals.

This deal wouldn’t have been possible without my fellow investor friends who all happened to have been on this podcast: Aaron Moore, Susan White, and Ryan Carr. They each inspire me of what’s possible. Aaron provided me the most tactical advice and answered my panicked phone calls. Susan too.

This is the ugliest house I’ve bought in a while, but what I’ve learned is the uglier the house, often the better the deal is. And it’s great to have friends you can call in a panic.

Speaking of real estate friends, you can meet them too at the next Infinity Wealth Investment Network (or iWIN for short) on February 28th. We have confirmed our location at The Vue where the Royal Woodbine Golf and Country Club hosts events. If you’ve ever been to a wedding at a nice golf course, that’s what this place looks like, and it’s located just east of Pearson Airport.  

Our speakers are best selling author, and former Vice President of the Real Estate Investment Network, and founder of the Raising Capital Academy, Russell Westcott, where he is doing something completely different.  Investors are invited to submit videos for Russell and I to review and choose from. Then on Feb 28th, Russell will coach this lucky individual LIVE. Russell is the Joint Venture Jedi, so let’s put his teaching skills to the test!

People rave about Denise and Stuart’s presentation on RRSP investing and they are here all the way from the Nation’s capital in Ottawa to share.

Plus interest rate and financing update from Butler Mortgages, and rent and resale price updates from the League of Extraordinary Real Estate Professionals.

Tickets are available at www.infinitywealth.ca, we sold over 100 tickets in a week and just released another 50 now that we have our venue locked down, so please don’t wait and buy your tickets today. Our last waitlist was 71 people….

How to Lose Weight, Gain Muscle, Be a Beast with My Crossfit Coach Daniel Thiessen

On to this week’s guest who is NOT a real estate investor but a remarkable human being nonetheless. Not all lessons are learned in the world of investing, and my conversation with Dan Thiessen, owner of RAdix Performance Centre in Oakville, Ontario, my Crossfit gym, has parallels to the business/investing world.

You want to be elite? The path is quite similar in athletics when compared to investing, and Dan is an elite athlete. He’s grown up playing sports at the triple A level, he’s competed at the provincial and national level in different sports, fast forward to today, he can handstand walk for 100 feet and lift a 280 lbs barbell from the floor to over his head in one movement.   

In this episode, Dan has advice for how to get started and many best practices to maintain health, fitness and performance. The perfect thing to listen to right now if you’re suffering from the winter blahs and need motivation.

Personally, I’m near the best shape of my life. The best was a few months ago before my November holidays, but I can still beat up any previous version of myself.  

To follow Dan:

Web: https://radixperformance.com/
Instagram: https://www.instagram.com/radixgym

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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