What did you do for April Break (formerly known as March Break)?

For us, we’ve made as many plans as we could to stay in and around the home.

We got the kids new bikes a few months ago as a reward for doing great at school and, better yet, paid for by their grandfather :). We also opened the pool on the weekend, and it’s rained ever since, lol.

While pool opening is time consuming, my kids enjoy hanging out with me while I’m working on the pool, checking the pool chemistry, watching youtube videos to learn how to use the control panel and heater, and operating our brand new pool scrubbing robot.

 

 

 

 

 

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The robot and automation is something I wanted to highlight for my kids as it’s a common lesson I’ve come across in my journey working with investor clients…

Some were taught by their parents that one must work hard to achieve anything.

While this is largely true, I believe one must separate hard work using one’s hands vs. what can be outsourced or delegated to focus on higher value activities.

In the example of my pool scrubbing robot, the kids have assigned a pet name “Zobie,” Zobie will vacuum the pool without supervision for a couple of hours on a timer, so I don’t have to scrub and vacuum the pool.

This saves me more time to do more important stuff like hang out with the kids or ride my indoor Peloton bike or work on the business, record podcasts, etc.

It’s no different in my real estate business. I don’t unclog toilets, mow lawns, shovel snow, but I will if I absolutely have to.  I do still pick up garbage when I visit properties for my six month inspections.

I had to pick up garbage at my old house last week in the family minivan and take it to the dump; it was the day of closing, and that’s not the impression I wanted to give the new homeowners.

But the rest of the time, my team operates my investment properties, including architectural drawings, getting city permits, renovations and ongoing management.

If you’re like me and want to be invested in the #1 asset class in an area in high demand by tenants, you want to be on my email newsletter.

It’s completely free, and we’ll inform you of our free online real estate training classes, our free online top investment city and property tours, and my favourite, the iWIN Meetings, where you can connect with local, like minded investors and learn from experts from my team and guest speakers.

Our next iWin Meeting is Saturday Morning, May 15th, where Real Estate Accountant Cherry Chan, CA, CPA, will share about the Smith Maneuver and how to do it properly as many do not get this right.  The Smith Maneuver is the tax minimization strategy of making the interest on the monies borrowed from your home a tax deduction.

You don’t want to miss this presentation as many folks do not execute the Smith Maneuver properly, therefore not deducting as much as they can or getting in trouble with the CRA.

Go to www.truthaboutrealestateinvesting.ca, enter your name and email address on the right, and you’ll be informed about when we host all these great events.

iWIN meetings are publicly available and cost merely $20 for non-clients, for which 100% is donated to charity.  Win/win/win. You learn, you meet awesome people, as the cost to attend supports local kids in Hamilton getting shoes and warm clothing.  What more can you ask for.

Scaling Up From Single Family Houses to 150 Unit Buildings in the US, Hosting a MultiFam Conference w/ Seth Ferguson

On to this week’s show!

This week we have real estate influencer and multifamily/apartment building investor Seth Ferguson.

Seth shares lessons from his nightmare joint venture, his journey from local, small residential investor to apartment buildings in the 150 unit range in the US. The structure of these types of private equity investments and how even passive investors may participate.

Seth also shares his motivations for hosting a multi-family investor conference in 2022; you can find details at https://multifamilyconference.ca/, and the discount code for friends of this show is iwin.

To my friends, please enjoy the show.

HELP US OUT!

To Follow Seth: 

Conference: https://multifamilyconference.ca/, discount code iwin

Web: https://sethferguson.ca/

Real Estate Simplified: https://www.yourtv.tv/node/255026

Youtube, Multifamily Real Estate Investing: https://www.youtube.com/channel/UCtFJbKpP0PKd1YT0PF_WNnQ

UPCOMING EVENTS

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/

Well, we got the keys to our new house this week!

We plan to renovate a little bit. The two 2nd floor bathrooms are original builder so in our ensuite bathroom, we are removing the corner tub since having a bigger shower and double sink vanity is more important to us.  

Renovations have already begun as our general contractor is mutual friends of the sellers and me so that’s a nice bonus. Cherry wants to do a bunch of renovations to the kitchen as well. 

Personally, I’m really frugal when it comes to spending on ourselves.  It may be my own issue as it is my personal belief that you cannot become rich by saving. One becomes rich by creating value for more people.

For anyone following the real estate market, you’ll know our investor clients who took action to buy investment properties on land in the areas west of Toronto are doing just phenomenally.

Add to that, our Stock Hacker Academy students are doing amazing as well. 

Susan White Livermore came into the office to record a podcast last week and she’s up 51% since May 2020. Lynne Tham who was on the podcast this past fall provided me with an update, she finished 2020 up 64%.  My ultra-conservative good old friend and I emphasize OLD, Nick Ditomaso, a past guest of this show is up 42% since April 2020.

All of them had no prior experience with Stock Hacking and this weekend we are about to kick off the next 12-month installment of the Stock Hacker Academy to well over 200 new students, new friends and I look forward to seeing them discover a new life skill. A “game-changer” as many of our past students and guests of this show have described.

The nice thing about Stock Hacker Academy vs. my iWIN Real Estate business is that we are able to help more people.

Our real estate coaching business is focused on investment properties west of the GTA and while everyone should be investing in real estate, not everyone can afford to invest and for those who already do invest, you’re like me in that you’re searching for cash flow.

Hopefully, whatever investment vehicle you’ve chosen is doing awesome for you. 

Pretty much all of them work with enough capital and sweat equity, I’ve researched them all and interviewed folks who do. Not theory only take is allowed on this show. 

For me, I know I’ve found the best ones for me.

Speaking of folks who do, our guest speaker for the Saturday, March 27th iWIN meeting is backyard suite expert Andy Tran of Suite Additions will be sharing the latest on construction costs, zoning, rents, and financing because who wants to pay for this themselves when we can get banks to finance our investments with cheap debt. 

We also have my banker Stephen from Meridian Credit Union. Meridian has been awesome to us in refinancing the properties that we’ve moved from our personal names for ownership into a corporation so these investment properties no longer affect our personal credit. 

The benefit is Cherry and I were able to get more mortgages in our personal names, e.g. our new home and maybe one or two more properties this year. We nicknamed the strategy of getting one’s mortgage virginity back 😉

We actually explained the strategy to this week’s guest Andrew Hines who is a former mortgage agent and he too thought it brilliant.

Don’t you love networking? That’s how you pick up these golden nuggets!

Anyways, March 27th, 9 am – 12 pm. We have excellent guest speakers, plus my team sharing the latest on what’s happening at the street level in terms of rents, reno costs, where the opportunities are. 

If you’re on my email list, you’ll see the invites.  If you’re not, that’s just silly.  www.infinitywealth.ca, put in your name and email address and we’ll let you know!!

Lessons Investing In The Pandemic, Misfiring on US Investments, Building Houses for Investment With Andrew Hines

On to this week’s guest Andrew Hines!

Andrew is a builder, invests in student rentals and he has his podcast, The Andrew Hines Real Estate Investing Podcast.

Andrew is on the show today sharing how he started investing in real estate including the time he went to the US to invest, how that experience didn’t go so well but Andrew took responsibility to learn from that experience to become a better investor and how he’s become an in-demand builder of investment properties.

On the show, Andrew shares how build costs have changed, his findings in researching the starting of a real estate investment trust, the changes he’s made to his investing in a pandemic, etc…

I hope you all have as much fun listening as I did having Andrew over for lunch and chatting about investing and money.

Enjoy! 

HELP US OUT!

To Follow Andrew: 

Linktree: https://linktr.ee/theandrewhines

IG: https://www.instagram.com/theandrewhines/

FB: https://www.facebook.com/theandrewhines

Youtube: https://www.youtube.com/channel/UCYGIvt3fC0OK378EIEHccpA

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/

Kung Hei Fat Choy my fellow Wealth Hackers, happy new year and I wish you all wealth and prosperity.

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A post shared by Erwin Szeto (@erwinszeto)

Does Money buy happiness?

Well, I wish you wealth because having money in my experience can buy happiness. 

Here’s a quick story…

One of my friends has three kids and one is disabled.  They don’t have a lot of money and one day she posted to Facebook how she was fundraising for Easter Seals and for those who hit a target fundraising goal get invited to skate with the Toronto Maple Leafs.

So I clicked on the link and made an anonymous donation for the difference between what she had raised to the goal. 

A few weeks later my friend posted pictures of the Easter Seals Skate with the Leafs event with her kids and Michael Nylander, Darryl Sittler, Morgan Rielly, etc… 

To me, life is about experiences and it makes me happy to play a part in others having a chance at once-in-a-lifetime experiences.

In the absence of money, no Easter Seals skate…. Now my friend’s husband is a Montreal Canadians fan and he’s not in any of the pictures LOL

Anyways, if you’re a good person then forget about whatever self-limiting beliefs you have about yourself and be successful.  Forget what negative people tell you and learn from those who are successful. 

The truth about real estate is everyone has self-limiting beliefs. 

I’ve met many novice investors and worked with them through their careers to see them become dynamos owning 10 or more properties.  Everyone starts somewhere.

Speaking of being a successful investor, even if it’s just a side hustle, my research still points to real estate investing as the best asset class to generate wealth.  The ability to cash flow and refinance to purchase more properties makes real estate the best investment for building wealth.  

My team the iWIN Real Estate team teaches the #1 investment strategy in real estate: legal basement apartments.  To register for the next free event, go to www.investortraining.ca, enter your name and email and you’ll receive email updates about our upcoming events. 

Cash flow however is not what it used to be. 

Rents have not kept up with real estate prices hence I see folks travelling great distances in seek of cash flow when in my experience, my mentee Joel Arndt with no prior experience and only $10,000 to invest manages to cash flow $400 per month with his phone.

If you’d like a free demonstration of how Joel did it plus an overview of the Stock Hacker Academy, simply register for our next demo at www.stockhackeracademy.ca/demo. 

I only have one more planned before we deliver the March program so don’t delay. If Joel, a millennial with limited capital and no experience can cash flow $400 per month in a few hours each month you need to check this out.

Speaking of Stock Hacker Academy, we including Cherry and I are proud to announce…

We are giving away two tickets to this March 5th Stock Hacker Academy for anyone who’s been down on their luck, especially my fellow landlords who are having a tough time either with tenants, vandalism, nonpayment of rent, delays at the Landlord Tenant Board. 

All you have to do is go to https://www.stockhackeracademy.ca/story leave your name, email and tell us what happened.  We will announce the winners by the next episode so don’t delay. You only have a few days from listening to this.

FYI – I’ve already given away the program to two in-need Wealth Hackers. 

One is an everyday hero, a firefighter, father of four and husband who almost died while responding to a warehouse fire that exploded and caved in nearly killing him. 

Two, a commercial airline pilot, father of two and real estate investor who’s been laid off and his collective tenants are not paying him rent and the LTB is doing nothing about it.

I’m keeping tabs on them to make sure they follow through. 

Free is nice however what’s free often is not valued. In my experience, I fall asleep all the time watching Netflix on my brother’s account but I’ve never fallen asleep while watching a movie I paid for.

NEVER.

The Nice Wholesaler Who Did 26 Deals Plus 10 Flips in 2020 with Aaron Moore

I’ve been friends with Aaron Moore for quite some time.

What most people don’t know is he’s very successful and an even nicer guy.This is because he doesn’t have a huge social media presence… he’s quietly doing deals and crushing it!

In 2020 alone, Aaron did 36 deals including 10 flips.

In this episode, Aaron is kind enough to share some tips for those new to wholesaling and his path to build out his team. I know I took a ton of notes and I hope you do too.

I give you Aaron Moore.

HELP US OUT!

To Follow Aaron: 

Web: https://www.housedealsgta.ca/ and https://www.gtahousebuyers.ca/

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

Looking to add another stream of income?

We just completed the long anticipated Stock Hacker Academy Live Introductory Course and it was awesome!

Stock Hacker Academy is the foundation that has helped Erwin, Cherry and many other Stock Hackers make thousands of $$ weekly and now they never have to worry about money again!

If you desire the same for yourself, click here to register now

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/