20 Hour Work Weeks, 60+ Properties, Buying Back One’s Time, Easy Flipping With Christina and Rich Danby

Christina and Rich Danby _real estate

Weekends are for family!

Cherry and I try to do all our business and invest during work hours, so we don’t take away from time with the kids.

We still work a couple of weeknights and Saturdays, but we try to limit our commitments. It’s not easy, nor cheap if you saw the size of our payroll, but it is by design. We could make more money with less staff, but we’d have to sacrifice more of our time.

This is why investing is so great. 

Our real estate portfolio is doing its thing… We plan to close on our newly acquired office space at month-end. Then, the six-figure reno begins and hopefully wraps up two months after. Otherwise, our investments are just cruising!

I was chatting with one of my earliest clients this week, and I asked them, “what if your portfolio only went up 5% per year?”

Their portfolio is worth about $9 million, so 5% is a $450,000 increase in net worth every year! Not bad, eh? 

So how hard do you have to work if your net worth goes up to mid-six figures each year? Is there a savings plan or investment strategy, or pension that comes anywhere near that? 

The truth is, these investment portfolios don’t happen overnight… Rather, it’s a collection of making the right investments over ten years. We teach all these best practices and the #1 investment strategy in our FREE Real Estate training class.

How do I know what the #1 investment strategy is?

Well, I mastermind with some of the top real estate investors in Canada. I’ve had even more of them, including best-selling authors on this podcast. Plus, my wife is the Accountant to many of those same top investors, so we know exactly what works.

If you or anyone you care about wants financial security, simply go to www.investortraining.ca/podcast and register for our next free class. 

We will share details on how to execute on the best investment properties with the least headaches… So you, too, may get back to spending more time with your family and friends.

Speaking of more family time, my old friends Rich and Christina Danby are our guests on the show.

They built up their real estate business and portfolio, so they are working way less than before… Successfully reducing their working weeks to 20-30 hours per week!

Their priorities now include spending more time on their kids’ interests… Like horseback riding, hockey, piano lessons and football.

20 Hour Work Weeks, 60+ Properties, Buying Back One’s Time, Easy Flipping With Christina and Rich Danby

On today’s show, they share how they did it: systemizing, hiring, outsourcing, and delegating to buy back their time... while still being active house flippers.

The Danby’s share their unique flipping strategy where if the renovation exceeds a $30,000 budget, they won’t do it. This is very opposite of the BRRR strategy everyone is talking about these days.

Why should you listen to them, though? 

Well, I and the Danby’s go way back, and not much has changed. 

Rich has won many awards. He’s a regular speaker at several real estate networks, and he coaches investors. He was also President of Ottawa Real Estate Investors Organization (OREIO) for a couple of years.

Together they’ve only bought 60+ properties and used every strategy under the sun! Other than real estate, they’ve also owned a Pizzeria and a staging/construction company. Christina is also a Realtor… and Rich started a painting company during the pandemic, which is in big demand these days.

Please enjoy the show.

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Christina:

Website:  www.christinadanby.com

Facebook:  https://www.facebook.com/Christina-Danby-Realtor

Instagram: @christinadanbyrealtor 

YouTube Channel:  https://www.youtube.com/channel/UCF_7Fkv0VzCrHfz4sXjLo2A

To Follow Rich:

Website: www.richottawainvestments.com

Website for Ottawa House Painters:  www.ottawahousepainters.com

YouTube Channel:  https://www.youtube.com/channel/UCEBSxP7KlZfB10L7HfMII8g

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

Starting With ZERO At Retirement Age To Real Estate Developers Using Borrowed RSP’s With Denise and Stuart

How much cash flow or net worth do you need to retire? 

Well, I have some ideas, but I’ve found everyone’s answer is different.

We have a couple of episodes coming up with guests who semi-retire with as little as $3,000-5,000 per month… But they live more frugal lifestyles.

Cherry and I are a bit more ambitious with a $10,000,000 charitable foundation, so you guys are stuck with me for a while. LOL.

Plus, $3k-5k per month won’t cut it when we have a new Tesla Model Y on the way. I want to limit my oil consumption, and I know that’s not a popular opinion among my Alberta investor friends.

That’s okay though, we all don’t have to agree on everything to get along.

I just like asking questions like, “would Canada have been fighting a war in Afghanistan if not for oil?”  

Remember that war in Afghanistan that was a huge failure? Canada supported the US because the Americans were looking for WMDs and Saddam Hussein in Iraq. 

Before that, Iraq invaded Kuwait over disputes over stealing oil which led to the Gulf War.  There’s quite the history of wars fought and lives lost over oil.

Thankfully, here in Ontario, the vast majority of our electricity is hydroelectric from Niagara Falls and nuclear. So, the fuel for my Tesla emits minimal greenhouse gases. At the same time, we in eastern Canada import our oil, so we’re not even supporting Canadian investments and jobs.  

I’m not judging anyone who doesn’t drive electric cars either… This is just a luxury Cherry, and I can afford no different than giving to charity.

Speaking of charity, the Hamilton Basket Brigade is ramping up for Christmas.  Our focus will be on warm outerwear and footwear.  

The feedback from school administrators in Hamilton is that too many kids have outgrown their shoes. As a result, some children’s shoes have holes with their toes sticking out. These kids are walking in snow and sleet with exposed toes 😠! 

Well, we’re not having that, so our goal is to donate 600 – 700 pairs of brand new shoes/boots to the poor kids in Hamilton. 

Shout out to Kevin for his $5,000 donation from his family foundation!

For those asking how they can support our charity, we’re small and operationally efficient as our charity is a side hustle.  The best way to support our charity honestly is to refer us business… for Stock Hacker Academy, iWIN Real Estate or Cherry’s Real Estate Tax Tips Accounting Practice.  

The more we make, the more we can donate and help people create their own wealth to contribute.

In our experience, it’s easier to support investors than fundraise for charity.  A good place to start would be sharing this podcast or our FREE real estate investing training at www.investortraining.ca.

Starting With ZERO At Retirement Age To Real Estate Developers Using Borrowed RSP’s With Denise and Stuart

Speaking of investors, we have some super successful real estate investors with us today in Stuart and Denise MacPherson.  

They’re self-described “Zoomers,” as in boomers with a lot of zip.  When you hear about their journey as real estate investors, you’ll find out much zip they have 😉.

From starting with limited resources at retirement age, including Stuart asking his dad for money for a downpayment on a home…

To becoming experts in borrowing and lending RSP mortgages… 

To now giving away houses, developing and building multi-family housing…

Denise and Stuart are here today to share how they did it after losing much savings in the financial credit crisis of 2007-08.

We get detailed on the ins and outs of RSP mortgages and the numbers on different investments they’re working on.

They’re old friends who’ve been super supportive to the Ottawa and Ontario real estate community. Needless to say, this is a pretty good show. Please enjoy!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

Subscribe on Android

To Follow Denise and Stuart:

Instagram: @deniseandstuart

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

Web: https://deniseandstuart.ca/

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

Top Coach Elizabeth Kelly Shares Lessons From Having Taught 1,000s of Investors

Can we do away with daylight savings already? I mean I wake up in the dark and drive home in the dark…. At least we can walk our kids to school in the light..

I hope you’re all adjusting better than I am.  I made the mistake of going out Friday night till the early hours of the morning for a guys night with my Hambundance group.

You read that right, my real estate buddies group is called Hambundance, a word mash up of Hamilton and Abundance.  It’s a play off of the elite mastermind group called Gobundance I was too cheap to join lol.

So my buddy Charles Wah and I formed Hambundance with a group of successful real estate investors like James Money Baggs Maggs, Andy Tran, Roger Auger, Kevin my mortgage guy, a builder, and another of my most successful clients John.

We try and meet once per quarter for 24 hours of fun.  The Friday started with Pew Pew, an indoor shooting facility with airsoft guns so we’d move through obstacles shooting targets while being timed.  With a group of competitive A types, that’s a lot of fun.  Thankfully no one got shot like last time when we were in Vegas.

Next is the commute to dinner because getting around downtown Toronto takes forever like it always has.  We dined at a restaurant known for serving game meats called Antler.  They got famous because as a tongue in cheek joke, on their side walk chalk sign they posted “Venison: the new Kale.”

Well animal rights groups did not think that was funny then proceeded to protest outside the restaurant on weekends which made the news internationally.  The owner of the restaurant was even invited on the Joe Rogan podcast to share his story and ever since, celebrities from all over the world stop in to support Antler.

We didn’t see any celebrities but we ate like them when considering the size of the bill afterwards.  I had the elk tartare and venison ribeye which tasted nothing like Kale.

From there it was drinks at one of our friend’s condo, then a roof top restaurant with the CN Tower in the background.

Needless to say the day and night were legendary and while pricey, still a business expense for me since we were talking real estate all night. 

While standing on the roof top on the patio with Andy Tran I couldn’t help but think how much things have changed and how much hasn’t since Andy and I first stood on a roof together.

The year was 2010, Andy the house buyer was inspecting a bungalow he had purchased conditionally on inspection. I was a new agent and keen to learn, I followed the home inspector Andy up the ladder onto the roof while dressed business casual and dress shoes.

Andy looks at me standing there on the roof as if I had two heads.  I ask “what?” 

Andy shares that in 1,200 home inspections, I was only the 2nd agent to ever get on the roof with him at a home inspection.  That was over ten years ago standing on a bungalow he bought for just over $200,000 that is now worth about 4 times…. I’m a good agent…

Fast forward to today, we both have more laugh lines and grey hair, while sipping ridiculously expensive drinks at one of the most exclusive restaurants in the city.

Life can be good and it’s even better with like minded, good friends.

We started from the bottom together and now we are here.

I hope you all take the opportunity to grab some friends for a good time but maybe get more sleep than I did.

Top Coach Elizabeth Kelly Shares Lessons from having taught 1,000s of investors

On to this week’s show!!

My friend Elizabeth Kelly is joining us to share what she’s been up to the last two years since she was last on the show.

Elizabeth was a paid instructor of real estate training and has trained hundreds if not thousands of investors in rent to own, wholesaling, buy and hold, etc… many of the influencers today have been her students.

Elizabeth has done over 100 rent to owns as investments, manages over 400 doors, but most importantly she’s discovered what she enjoys most and that’s helping people via coaching.

She’s on the show today to share many of the lessons and hurdles newer investors make, what market she’s selling her properties in and lessons in investing in a mining town.

So get your pen out, take plenty of notes and please learn from Elizabeth’s lesson and enjoy the show!

 

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Elizabeth:

Facebook: https://www.facebook.com/EKConsulting.ca/

LinkedIn: https://www.linkedin.com/in/elizabeth-kelly-consulting/?trk=people-guest_profile-result-card_result-card_full-click&originalSubdomain=ca

Website: https://www.sandstonemanagement.ca/index.htm

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

Cash Flowing $500-1,000/Mth On YouTube, House Hacking In Northern Alberta With Nick Peitsch

Our iWIN meetings are live and in-person again! 

The next meeting is on November 13th at our iWIN Real Estate office in Oakville, Ontario.  The address is 418 North Service Road East – Unit 3C, Oakville, Ontario.

CLICK HERE to grab your tickets now.

We’ll discuss some current events and how they affect the real estate market… without the fear, uncertainty, and doubt that so many out there are pushing to get your attention. 

We’ll talk about inflation, where interest rates are going, oil prices, immigration, etc. We’ll also discuss what’s happening in the local markets; cost of renovations, what houses are selling for, and market rents for grade A tenants.

Our guest speaker should be well known to you… 

She’s a real estate investor and professional property manager. She’s also President of the grassroots organization, Ontario Landlords Watch and National Ambassador of Landlord Credit Bureau. 

Kayla will join us live and in person to share how we landlords can report our tenants paying rent on time or not, thus affecting our tenant’s credit… without any judgement at the tenant-friendly tenant bureau and Tenancy Act.  

See what I did there? I left “landlord” out of the names since both the Bureau and Act are so one-sided 😏

Unless you’ve been living under a rock, you would have heard the stories… Stories from other investors who recovered thousands or tens of thousands in rent arrears by reporting tenants on LCB.  

Plus, I see LCB is rolling out new additional services… So you don’t want to miss this networking meeting to learn how to service your tenant better and protect your investment. 

Saturday, Nov 13th, is our final publicly available meeting of the year, as our December meeting will be for clients only.  

Following the meeting, we’ll go for lunch, an opportunity to network with successful, like-minded individuals. Everyone is welcome; just pay your own way.

On a personal note, Cherry ordered us a Tesla model Y car without telling me.  

She called me the morning to ask what paint colour a friend of ours chose before having the car wrapped in matte black (it looks super sleek)… and that was it!

Later that day, I saw Cherry’s post on Facebook that she ordered a Tesla. Oh well, I look forward to the day we no longer have to pump gas in the rain or snow or cold. Instead, we’ll leave our driveway each day with a full tank 😎.

On to this week’s show!

Cash Flowing $500-1,000/Mth On YouTube, House Hacking In Northern Alberta With Nick Peitsch

We have Nick Peitsch, a young, 25-year-old hustler making his way by:

  • Investing in stocks
  • Making 500-$1,000 per month by creating educational videos on YouTube
  • House hacking in Northern Alberta.  

Nick shares how he learned from entrepreneurial parents and grandparents to start his wealth hacking journey without fear. 

He also shares his favourite stock picks (his opinion, not financial advice), the effort and metrics needed to monetize a YouTube channel, and so much more.

Please enjoy the show!

 

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Nick:

YouTube: https://www.youtube.com/c/nickpeitschinvesting

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

Website: https://www.nickpeitsch.com/

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

From Truck Driver, Shy Guy To Influencer and Raising Capital on Instagram With Mike Ferreira

Mike Ferreira real estate investor and full time truck driver

Welcome to another episode of the Truth About Real Estate Investing Show for Canadians!

Have you seen the Squid Game? It’s the Korean survival drama series on Netflix everyone can’t stop talking about it.

Well, I watched two episodes with my little cousin, who dropped by for dinner on Sunday for reverse-seared steaks. 

After finishing the 2nd episode, I decided I’d seen enough and went on to “spoil” the rest of the season by reading the show summaries on Wikipedia.z

I’m a big fan of Wikipedia; hence, I make annual donations to them so they remain independent and free of clickbait, agenda/fake news.

Anyways, I generally avoid TV series to save my time.

I don’t binge-watch most stuff unless it’s a new Marvel or Star Wars series :)… or something on Disney plus, but only for research purposes as I’ve been Stock Hacking Disney.

To reduce my guilt in watching TV, I’ll watch while working out on my Peloton stationary exercise bike or doing one of their routines or stretches. 

Full disclosure: I own shares in Peloton and stock hack them too. 

I think it’s such a great product and service because I can get an efficient 20-30 minute workout from home.

It’s in my nature to be efficient with my time and money and That’s why I’m always searching for best practices in all areas of my life, including in business, investing in real estate, Stock Hacking, etc. 

I imagine you and I have that in common since you’re investing in real estate and stocks… So the question is, how else do you make money in your sleep?

Speaking of investing, Cherry and I bought another property. Unlike our last purchase, this property is a commercial office, as we need more office space. 

The decision to buy came down to our rent expense. It would be similar to what I collect in rent for my duplexes in Hamilton, but the price to buy is quite a bit lower.  

My opinion is we’ve passed the bottom for quality commercial office space here in Oakville, Ontario… And we got a pretty good deal!

Thankfully, my wife Cherry is both our Accountant and working with the Business Development Bank of Canada (BDC), for a very favourable mortgage for us as they’ve been great to work with in the past.

I’m managing the renovations, and that will take at least two months to complete as we’re taking out some walls.  

Fun fun, and like Cherry and I discussed the other day, when will things ever slow down? Unfortunately, we don’t have an answer for that! LOL.

On to this week’s show!

From Truck Driver, Shy Guy To Influencer and Raising Capital on Instagram With Mike Ferreira

We have one of our real estate clients in Mike Ferreira; an admitted introvert and shy guy. 

He’s a full-time truck driver for the Beer Store, but one day something switched… Mike started making educational videos on real estate and posted them on his Instagram.  

Then what do you know, someone approached Mike at a party, asked him for a meeting. He was ready to joint venture with him as a silent investment partner to buy a property together.

Mike shares his journey, the numbers on his first and most recent investment property, working with Coach Tammy “the Duplex Queen” Ditomaso on my iWIN Real Estate Team.  

Also, as this is the Truth About Real Estate Investing Show, Mike shares about the basement from Hell… how appropriate for Hallowe’en 🎃.

From one shy guy to another, I’m super proud of Mike, and I hope you enjoy the show!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Mike:

Web: https://www.investedwithmike.com/

Instagram: https://www.instagram.com/mikeferreira82/

Youtube: https://www.youtube.com/channel/UCQfCWpaYZSz089NB2LQJzrQ?app=desktop

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

Chef Anderson Is Cooking Up Side Hustles of 25k/year and 4%/month With Anderson Carter-Griffith

Greetings friends and welcome to the Truth About Real Estate Investing for Canadians and here is one of the darker truths about some real estate investors.  Some are out there to line their own pockets at the expense of others.

I don’t mean to be a Debbie Downer so I’ll share some more altruistic means to invest in real estate after but first the bad news.

I attended a golf tournament on the weekend and ran into some old friends who own and operate a very excellent gym and I asked them how business was.   They got through the pandemic and told me about their new landlord who bought their property and then tripled all the rents of their several commercial tenants. Folks who poured their lives into building businesses including investing hundreds of thousands of dollars into equipment and renovations.

For some real estate investors, their plan to make money is to buy property, raise rents without adding any value at the expense of small business owners.  Sadly this is not affordable to many small businesses forced to move or close their doors forever.  The investors’ plan is to sign some leases at these new rents to flip the property to another investor at a higher price thanks to inflated rents.

To each their own and as I often ask my son when he vandalizes our home by drawing on the furniture or hitting his sister, I ask “who are you helping and who are you hurting?” 

In this commercial investing scenario who benefits and who loses?  The investors obviously benefit from higher property values and small businesses lose and so do all those who enjoy the services from the small businesses.

For Cherry and I personally, we will continue to invest in real estate that aligns with our values which is helping people and I firmly believe that the most effective way to improve housing affordability is by adding supply, especially for renters as they are statistically the most at risk financially.

Investing in a single family home be it a house or condo and renting it out adds to rental supply.  Duplexing a property is even better which is our preferred strategy. Next is adding a third unit via garden suite: an addition or tiny home in the backyard for another apartment.

Once rental licensing moves into Hamilton, we may even convert our student rental into a rooming house for adults who can’t afford one bedroom apartments and want a communal living style.  FYI the waitlists for affordable housing are in the tens of thousands for most mid sized cities.  This is how Cherry and I choose to invest to contribute to a solution and we’ll continue to help our clients invest for the greater good while achieving fantastic returns.

Speaking of fantastic returns and helping people we have Anderson Carter-Griffith who has a new side hustle and wants to share it with anyone willing to listen to him including his community back home in Barbados.  

Just check out our picture together in the show notes: Anderson loves Stock Hacking.

I know very little about Barbados other than it’s a beautiful country but as Anderson informs me, opportunity is scarce and minimum wage is $4-5 Canadian dollars per hour.

Chef Anderson Is Cooking Up Side Hustles of 25k/year and 4%/month With Anderson Carter-Griffith

On today’s show, Anderson shares about his humble beginnings, immigrating to Canada (no one told him how much it snows here when he was recruited), how he underemployed as a Chef thanks to the pandemic but pivoted starting new businesses, the side hustle that earns him $25,000/year after expenses to fund his investing, how Anderson explains Stock Hacking to his friends and how he spends his profits on his passions.

Oh yeah, and Anderson cash flows 4% per month on average.

 

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Anderson:

Bajan Kitchen on Instagram: https://www.instagram.com/thebajankitchen_ca/?hl=en

Email: foodiefleet@hotmail.com

Personal Facebook: https://www.facebook.com/dj.gatess

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

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 iwin@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/

From $80 Thousand to $1 Million Net Worth with 26 Year Old Joe Costanza

Hello friends, and welcome to another episode of Truth About Real Estate Investing Show for Canadians.

We are a show all about truth-seeking from leading investors who have demonstrated repeatable, systematic success.

To get the most from this show, one has to have an open mind and be interested in continuous learning.

For me, I’m currently reading Annie Duke’s “Thinking in Bets: Marking Smarter Decisions When You Don’t Have All The Facts”. Annie is a Poker champion with a Ph.D. in Psychology, and I’m really enjoying the book. 

As an analytical thinker who despises risk and an admitted sufferer of analysis paralysis, I enjoy learning more about how humans think and make decisions.

For example, we’re all real estate investors here…

Most of the stars have aligned to make investing in real estate make a ton of sense for investment and, at a minimum, a hedge against inflation and housing affordability for our kids.  

But talk and share as much about real estate as we do, the vast majority of the people we know do not invest as we do.

There are a million reasons not to invest; we all know them and a million more reasons to invest. At the end of the day, it’s one’s values and worldview that drive decisions, not just facts, figures, charts and data.

I know many people who say they won’t invest because of tenant risk, as in property damage and tenant-friendly laws and tribunal.

To the professional real estate investor, we screen diligently, provide a great product, and have the Landlord Credit Bureau to hold tenants accountable to their credit report for both good and bad.

Another common reason not to invest is to avoid debt. 

What’s odd, though, is when I ask how their kids will pay for post-secondary education or professional school like doctor, dentist, lawyer etc., their expectation is for their child to take out loans… 

This brings us to this week’s guest, 26 year old Joe Costanza.

From $80 Thousand to $1 Million Net Worth with 26 Year Old Joe Costanza

When we first met Joe, he was 24 years old and had saved $80,000 from holding down multiple jobs at the same time since he was 16. 

A month later, Joe had his first investment property. 

Recently, Joe was complaining to me about how expensive properties are these days. 

I then asked him to review for me what his net worth is today vs. what it was when we first met… From $80,000 to over $1,000,000 in just two years.

The results are astounding. If you don’t believe me, ask an entrepreneur with a start-up business. Or ask around 30 somethings if their net worth is over $1,000,000.

Add to that, parents who, while supportive in giving young Joseph food and a roof over his head but were not fans of Joe investing in real estate, having tenants and taking on debt.

This is Architect Joe’s story on how he went from $80,000 to $1,000,000.

Please enjoy the show!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Architect Joe:

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

Facebook: https://www.facebook.com/joseph.costanza.714

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

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/

From No Fixed Address to Successful Investor and Coach Who Says “Wealth Won’t Wait” With Mike Desormeaux

I hope everyone is well and enjoying the nice fall weather we’re having.

We are getting ready for Halloween in my household. But my kids don’t have costumes yet, so I’m guessing we’ll recycle last year’s costumes. 

As for me, I ordered mine on Amazon last year, and it arrived after Oct 31st. It’s a tracksuit and shirt for Cobra Kai, inspired by the Karate Kid movie with Daniel Larusso and Mr. Miyagi. 

It’s totally cool! 

I wore my yellow and black jumpsuit with a huge red cobra on the back to my kickboxing class on Saturday. Quite a less common thing to do, but no one said anything, LOL.

Speaking of doing uncommon things, Cherry and I closed on a turnkey duplex on the Hamilton Mountain. The property backs onto a shopping plaza that includes a Walmart Super Centre, LCBO, Tim Hortons, a bank, Bulk Barn, the list goes on.  

The location is incredible, and it’s newly renovated. The permit for the basement reno only closed two weeks ago.

The main floor is three bedrooms with refinished floors, a new kitchen, new appliances and new ensuite laundry. 

Our asking price is $2,400 per month plus hydro, and we have already signed a young couple to a lease.

The basement is also fully renovated, with two bedrooms and one bathroom, separate ensuite laundry, renovated with permits. Our asking is $1,800 monthly plus hydro.

My wife, Cherry, and I have to pay higher interest rates because of how our portfolio is structured via a B lender, specifically 4% interest plus 1% lender fee for a total of 5% for 12 months. After 12 months, we will shop around for a cheaper rate.

When we offered on the property, we were projecting negative 2,000 cash flow over the year, but thanks to rents going up, we will be slightly positive, and the market value of our duplex went up about $70,000 already.  

We paid $850,000, and my down payment was 20% plus closing costs. Therefore my return on my investment is almost 40%. Not bad – 40% ROI on day 1 of my investment, completely passive and turnkey! Yes, we got lucky, but we took the risk.

We received a flood of applications, and just this week, two properties like mine were for sale. Between those two properties, they received a combined 44 offers.  

I know some view real estate as an investment, but I also view my detached bungalow as a small business, and my customers are tenants and potential home buyers. 

It looks like there is much demand for my product from both tenants and home buyers, making my detached bungalow a winning business.

No, I don’t make much cash flow, but I have my stock hacking and Realtor business for cash flow.  

I know many folks out there busting their butts for the 1% rule, where one month rent = 1% of the purchase price in places like Alberta or New Brunswick…

My rules include being only a 1-hour drive from my properties, so it’s a reasonable distance for when we check on our properties from time to time.  

Plus, I prefer the economic benefits of investing closer to the economic center of Canada, which is Toronto. Call me lazy, but our investing has an extensive history of providing solid returns.  

I remember my friends who focussed on cash flow investing in towns you’ve never heard of in Ontario or Alberta, regretting their decision due to lack of price appreciation and even price regression for those who bought during the oil boom in Alberta.

My properties are in  Hamilton, Ontario… I like being in the business of owning investment properties that have massive demand.  High demand, low supply – It’s a winning formula in business and investment.

From No Fixed Address to Successful Investor and Coach Who Says “Wealth Won’t Wait” With Mike Desormeaux

On to this week’s show!

We have a special treat in my old friend Mike Desormeaux who I met back in 2010 when I joined Rock Star Real Estate.  

Mike is modest, but from my recollection, he’s been the top agent and coach at Rock Star in terms of unit volume, and his clients love him.

Mike wasn’t always successful though, he comes from some serious humble beginnings, from living across from the train junction yard to living out of his car. Then, he discovered real estate investing, and life from there changed forever.

Today, Mike is a successful investor and author of Wealth Won’t Wait, a book about creating income during uncertain times.  

Funny enough, Mike always wanted to write this book and did so during the uncertain times of the early pandemic.

Mike is an awesome guy, and he’s got a bunch of crazy real estate stories to share… stuff you can’t make up. For those who think Realtors have it easy, here’s a behind-the-scenes on the hustle and risks some take on to do the right thing.

Enjoy the show!

 

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Mike:

Mike’s book is on Amazon, physical, kindle versions and audible.

Link: https://www.amazon.ca/WEALTH-WONT-WAIT-FREEDOM-ABUNDANCE/dp/1777393108

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

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

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/

Lessons from 500+ Rent To Owns With Rachel Oliver

Who knew Canada was so awesome!?

I heard it many times over this past weekend, and no, we’re not perfect. No one, no where, no investment is perfect. 

Even my daughter’s property that I bought in 2014 for $245,000 plus 150k in renovations and worth $875,000 today, is not perfect. Our upstairs tenant is inconsistent in paying us rent on time; It’s not the end of the world.

Few weekends ago, Cherry and I were up north for a getaway for the entrepreneurs networking group we belong to, and there were over 100 of us. 

We stayed at a Marriott in Muskoka, and the views were spectacular!

While networking with fellow entrepreneurs and enjoying the views and lovely food with too much drink, others regularly shared how much they love Canada and Muskoka.  Folks who travel extensively for business and have seen the world, some even come from poverty, including 2nd and third world countries.

If you haven’t had a chance to network with successful people and have more in-depth conversations, I can’t recommend it enough.  

Our conversations varied from travel to where folks are hiding out for the winter months to raising successful kids.  I even talked myself into a tee time at the prestigious Hamilton Golf and Country Club next month.

Real estate came up in conversation many times as I shared what I do.

Everyone likes talking about real estate. Some have a small handful of properties; most do not invest in real estate beyond their own home.  

Some are hardcore: builders, developers, and one gentleman has a metals recycling business, including owning the property.

What stuck out to me was the younger entrepreneurs in the ’30s and ’40s who do not own their homes and are sharing their struggles in buying property within their budget while facing significant competition from other buyers who bid up prices well above asking and sometimes what they thought was market value.

Compare that to you, the listener of this show, who has taken action over the last five, ten, even two years before the pandemic. 

If you did things right, buying a house likely isn’t a problem for you and when you get a chance, remind your spouse and kids how lucky they are to have you 😉

If you’re on the sidelines, I hope you don’t plan on staying there for very long. 

Sophisticated investors I know, including our clients, are still acquiring investment real estate.  If you have a better answer for all the inflation and money printing going on by governments worldwide, I am all ears.

I have many clients worth more than 7 figure small business owners, except my clients did so as a side hustle.

If you’d like to learn more about how our clients and myself invest, I encourage you to go to www.investortraining.ca and register for one of our events: iWIN Real Estate free training, Street Smart Tours, or networking events. 

Some of our events have a nominal charge, and the proceeds go to charity anyway. So you have nothing to lose, and everything to gain!

Lessons from 500+ Rent To Owns With Rachel Oliver

On to this week’s show!

Today, we have my old friend Rachel Oliver who has achieved massive success via an investment strategy called Rent-to-own, having executed 500+ deals on said strategy.

As always with this show, we look to bring you the leading subject matter experts, and without a doubt, we have one today in Rachel Oliver of Clover Properties.

On this show, Rachel pulls back the curtain on how she runs such a successful business in real estate, how she generates leads for tenant buyers, including 800 applicants in a month, chooses markets to invest in, and how she’s able to help 90% of her tenants buy the house at the end of the term. 

I think Rachel and her husband Neil are great in how they run a win-win-win business – A win for themselves, their investor and most importantly, the tenant. 

Rachel also shares how she became an author, co-host of a television show, and about her extended vacation in Costa Rica.

I hope you enjoy the show!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Rachel:

Web: www.hellocashflow.ca

Book: Rent to Own Essential Guide for Homebuyers: The Key to a Fresh Start and Richer Future: https://www.amazon.ca/gp/product/0992159202/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

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/

From 3 Heart Attacks, Losing A Million Dollars to Accumulating 380 Doors with Award-Winning Mentor Tim Tsai

I hope everyone is well!

Most investors I’ve spoken to had wonderful summers, but I’m noticing some mental health issues or stress related to the election and covid vaccines.

I’m well-read on both subjects but will not engage anyone besides close personal friends and family in information sharing. 

I will hear other peoples’ opinions, including what my anti-vaxxer friends share on social media.  I read the articles they share and fact check, often they fail fact-checking, but I keep that to myself as I’m not arguing with anyone. 

For anyone who’s read How to Win Friends and Influence People’ by Dale Carnegie, you know that there are no winners to an argument.

“Back to in-person school” is in full swing at our home.

Since we’ve moved houses and switched our kids’ schools, I’ve taken the opportunity to walk the kids to school each morning.  

We take the path behind our house that wraps around a pond and take the bridge to cross the pond each morning. 

Every day we look forward to seeing what wildlife we can see from the bridge. 

We’ve seen ducks, Canadian Geese and almost every day since back to school, there’s been a blue heron, which is a massive bird fishing for breakfast or an afternoon snack. 

I think the blue heron followed me to the golf course later in the afternoon as I saw one there as well.

After school, my kids have kickboxing class four days a week, and good/bad news, our gym’s renovation of a 2nd workout room was just completed. 

They host adult classes simultaneously as the kids’ classes so parents can workout instead of being spectators.

My first thought was, “oh no, I feel tired all of a sudden,” then, as the news sunk in, I recalled how bored and fidgety I get when sitting around the kids’ practice, so I signed up for Monday’s class and had a blast. 

We hit the heavy bag with various punches, from taps to going hard with burpees sprinkled in.  In the 2nd half of the workout, we circuit trained, which left me a sweaty mess.

The class was taught by the gym owner, Coach Maz as we call him, who has a professional Kickboxing record of 38-6-2. After class, he asked to get a picture with my kids for their marketing. 

It was only then I realized I was the only parent who took the club up on the offer of a free trial.  The rest of my classmates were there just to train; they didn’t have kids in the kids’ class.

After class, my kids were asking me about what I learnt, specifically what combos I learnt. I told them it was the first class, so I did a jab, cross, hook, and uppercut combination.  

My kids informed me that was not a real combo as all their combos include kicks. SMH. 

This is an example of a business management strategy of leading from the front.

I’m taking a class in something entirely new to me; I’m demonstrating I’m not asking them to learn something I’m not willing to do myself. It’s not easy, but I do it anyway. 

From 3 Heart Attacks, Losing A Million Dollars to Accumulating 380 Doors with Award-Winning Mentor Tim Tsai

On to this week’s show!

Tim Tsai is a full-time real estate professional investor, and for Tim, that means only working 20 hours a week. 

After achieving financial freedom in his late 20’s after 25 months of hustle, he took on a contract to teach what he’s learnt for almost seven years.

Tim and I have a pretty open conversation on today’s show.  

He shares how he’s had several heart attacks before the age of 30, lost $1,000,000 on a real estate joint venture and how he’s bounced back to currently hold around 380 doors.

It’s a great show, and I hope you enjoy it!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA. 

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

 

Subscribe on Android

To Follow Tim Tsai:

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

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

Web: https://trustyourtalent.ca/

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success. 

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best.  In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment.  Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you. 

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics.  The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me.  If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

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/