Commercial Investing for 160 Units Locally and in Curaçao. Plus How They Paid For Their Trip Around the World With Leslie and Jamie Collard

Hello my fellow Wealth Hackers!!

Who turned off the heat? It sure feels like summer is over and we’re sort of getting ready to send our kids back to school. 

For us, the start of school was pushed back one week and we’re in no hurry to send our kids back to school thanks to our live-in nanny who has been a lifesaver through the pandemic.

Speaking of back to school, we are back to our publicly available iWIN Networking Meetings to be live streamed via Zoom.

The cost to attend is nominal, the presentations will be world class as always and our guest speaker is exactly the speaker we need for these special times. 

He is a Police Constable, a victim of systemic racism, and at last check he holds 21 investment properties.

He is none other than Constable Jules Mackenzie

If you enjoy stories of inspiration like I do then you don’t want to miss it. Saturday morning, Sept 19th.

Here’s the link: https://www.eventbrite.ca/e/iwin-monthly-meeting-19-sept-2020-tickets-115917948705

These are special times however with back to school that usually coincides with back to business after a quiet August but these are special times, the August real estate market was on fire!!

Average prices in Hamilton were up 21.2% year over year for August and day on market were down from 29.6 days to 21.9 days per the Realtors Association of Hamilton-Burlington. 

If you like to know what’s going on with your real estate then you don’t want to miss our first publicly available meeting in 2020. 

Did you pick up new hobbies during the pandemic?

Because of government regulations, I defaulted to golf as I was dying to socialize with real people outside of my house.

Now here is how I use golf or any hobby as an experiment on learning and wealth hacking. The experiment is to see how quickly I can improve as a beginner. 

This year is the first year I’ve golfed more than twice in a summer, I believe that qualifies me as a beginner.  Last year I shot a 136 at the Hamilton Golf and Country Club.

Here are some best practices I’ve picked up in other areas of my work/investing I’ve applied to golf:

  • I hired a coach. A golf professional who’s coaching both Cherry and I. Like investing, golf is more fun when done with those you enjoy spending time with
  • Practice, I practice at least twice per week via play or the driving range or a lesson
  • You are the average of the five people you spend the most time with. My golf buddies include a couple very successful entrepreneurs, investors, and I’m usually the worst golfer in the group so I usually benefit from the tips from the better golfers
  • Tiger Woods: I read his biography and now I’m reading his book on how to golf. I enjoy reading books on ultra successful people and looking for insights into how they were raised plus how they raise their own kids.
  • Equipment: I bought my clubs on Boxing Day Sale because I’m frugal and they’re widely considered to be good quality.  As with many things, I have more disposable income compared to my talent and skill.
  • Putting mat: I bought a nine foot putting mat to play with in the living room with Cherry and the kids. My putting has improved immensely
  • There is no replacement for experience. As I learn how to play the game, I get better.

This past Friday, I played the same course again but only nine holes instead of 18 as it’s under renovation.  Last year I shot 136 over 18 holes, a couple weeks ago I shot 59 over nine holes and this past Friday I played well shooting 52. 

Proof yet again that investing in oneself pays off. 

From my experience, I’ve practiced similar applications to Crossfit and Brazillian Jiu Jitsu and of course my real estate investing and stock hacking, I have coaches, I read, I invest in education, and I spend a lot of time around both real estate and stock investors hence we offer meetups for both subjects. 

Investing in oneself pays off and this week’s guests have invested well into six figures into their education which has kinda worked out into 160 real estate rental units in not a very long time.

They also love this little side hustle that only takes them 15-30 minutes per day that paid for their next vacation around the world. 

That side hustle is what we call Stock Hacking.

If that’s something that interests you, learning how everyday Canadians like Leslie and Jamie from small town Ontario make money from their phones, I’m hosting another free demonstration, a more comprehensive demonstration than the one I showed my kid cousin over Thanksgiving dinner that resulted in him cash flowing $1,000 per week then the link is in the show notes.

All this talk about socialism and equality. Here, I’m doing my part in offering a demonstration for free… 

Here’s the link to join:

Sept 24: https://us02web.zoom.us/webinar/register/WN_VEx9tUmdTIO3PWMauybnZw

Commercial Investing for 160 Units Locally and in Curaçao. Plus How They Paid For Their Trip Around the World With Leslie and Jamie Collard

This week’s guests are none other than Leslie and Jamie Collard of Collard Properties and this is their 2nd interview on the Truth About Real Estate Investing. 

The Collards did start with smaller residential investments and are now focused on apartment buildings and developing vacation properties internationally.

Leslie and Jamie are quite open and sharing about how they find deals as well so make sure to have your pen and paper ready. 

They’re even hosting a commercial real estate conference online and you can learn more about that on their website www.collardproperties.ca

Subscribe on Android

To Follow Leslie and Jamie Collard:

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

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/

Personal Growth Of A Single Parent From Selling Tupperware To Real Estate To Investing for 50% Returns and Stock Hacking with Lynne Tham

Hello, fellow wealth hackers!

I trust everyone is well!! From people I speak to who are investing in stocks and real estate, the response is overwhelmingly positive with bumps along the way. 

Nothing is ever perfect.

In one of our student rentals, we installed an air conditioner in the attic and the students are happy except for one – The student who’s bedroom closet has the attic hatch.

Well, they’re not happy at all because dust got onto their furniture and they feel they weren’t given enough notice even though my property manager emailed them a week in advance of the installation and cleaners were in the house not even five minutes after the AC installer left.

I know because I was there.

The cleaners pulled into the driveway as I was leaving.

We offered to send the cleaners back but the student’s mom wants to be present to check if the workers and my handyman are wearing masks.

She asked to hold off on any other renovations so she can work it out in her schedule to be on hand but she didn’t want to take responsibility for the delays in letting the other student tenants know the cause of the delays.

Cherry and I are big on customer service hence we already gave a roughly 10% credit for the summer months which the students accepted and to send the cleaners back at our expense or to pay the disgruntled mom to clean herself if she preferred to keep the cleaners from returning.

What does she want? A four-month rent credit?

She also asked that I be present for her to vent her frustrations when my property manager is already present and authorized to represent me. 

I’m pretty busy between family and business and investing so that wasn’t going to happen.  Plus I’m not a fan of confrontation.

We have already offered the student and mom out of the lease as there is no satisfying her and as the saying goes, “How you do anything is how you do everything”, we’d like to avoid any future drama.

Such is the importance of having multiple streams of income.

Our portfolio can handle a hit to cash flow to make everyone’s lives easier. Life is too short to handle the drama from someone who wants thousands of dollars of compensation for dust on bedroom furniture.

This whole COVID thing is responsible for some special times. 

I’ve seen my brother once since January.  He came to my house to pick up a cooler for camping, he didn’t touch anything as he’s a biologist by education and studied infectious disease at school so he’s more cautious than most.

I miss him and my niece who’s only three years old but that’s what being responsible and respecting other people’s wishes is all about.  Families, tribes, society, etc… don’t get along without well, getting along. 

Then I see all the toxicity on social media. It’s crazy.

I generally don’t engage in it like discussing politics and religion on social media.  From anyone who’s read How to Win Friends and Influence People by Dale Carnegie, you’ll recall no one wins in an argument, there are only losers. 

Often both parties walk away angry at each other with neither being convinced to change their views and sometimes strengthening their resolve. 

So what’s the point? It’s a waste of energy in my opinion.

Then there is one of my favourite tips from the super awesome Tim Ferriss, best selling author of the Four Hour Work Week. 

In his book Tim gives the example of an upcoming election, how he saves time and energy, he simply asks a couple of people who have similar values on how they will vote and why and makes his decision from there.

In my experience, I’m lucky enough to be the son of a medical doctor and one of my best friends from school basically got perfect all through elementary, high school, university, and medical school.

I ask Dad how to protect his grandkids and he gives his advice.  Dave my doctor friend now works in a hospital so I ask him what he does for him and his three kids who are around the same age as mine. 

For me, that’s good enough for my family and me.

Everyone is entitled to their opinion, it doesn’t necessarily mean it’s a qualified opinion.  No different than when I say the Leafs need to trade for a defenseman. I have no idea who’s available or who would be good on our team but yeah, I have an opinion. 

You’re more than welcome to ignore it but just don’t argue with me 😛

We should already know this.

But too often we forget it.

You never know what’s going on in somebody’s life; what they’re dealing with.

  • Physical health.
  • Mental health.
  • Racism.
  • Financial burdens.
  • Jobs.
  • Divorce.
  • …the list goes on.

So be kind. Be an ally. Be a friend. Be better. Don’t have anything nice to say then don’t say it at all.

If anyone out there needs help feel free to reach out, I’m not hard to find.

Last week we lost one of Toronto’s finest. Nearly a decade with the Toronto Police and just over a decade with the Canadian Armed forces.  He was lost to suicide due to depression.  Someone who on the outside had it all.

I just wish he had said something and I’m pretty sure we all feel that way when these things happen.

Rest in peace Constable. I hope you’re in a better place, you should have seen your funeral, there were so many people there to say goodbye.

Personal Growth Of A Single Parent From Selling Tupperware To Real Estate To Investing for 50% Returns and Stock Hacking with Lynne Tham

On to this week’s guest, Lynne Tham.

She was nervous to come on the show which is not uncommon. Public speaking by some surveys ranks higher on the lists of fears above death itself….

Lynne’s kids including my friend Simon told her to just do it and she did!

I’ll post Lynne’s full bio on our website, www.truthaboutrealestateinvesting.ca.

It’s a wonderful Canadian success story of a teenager immigrating to Canada, falling in love with the greatest country in the world. 

Started a family, stayed at home to raise the kids, picked up a side hustle in multi-level marketing, excelled, became a single parent, became a Realtor, had a wake-up call at age 55 that she needed a retirement plan.

Invested in real estate, de-invested in real estate and now a pretty successful stock hacker.

I know we have several full time professional, uber-successful real estate investors like Ryan Carr and coming up next Leslie and Jamie Collard and their 160 units but for the investor who wants to take it easy and be a bit more passive…. Well, it worked out for Lynne.

Full bio:

Proud mom of two successful adults (Simon and Melanie) who form our family real estate team (we do between 40 – 50 deals per year as a team). 

I’m a constant advocate for personal growth in my own life and determined to create my own financial future goals of being able to live, travel and work from anywhere in the world. 

My own story – came to Canada by myself as an 18-year-old, without knowing anyone, from the UK, to be a nanny, in 1978.  It was supposed to be a one to two-year work stay.   Fell in love with the country, got married at 21 and became a Canadian citizen. 

Being a stay at home mom I was recruited to sell Tupperware in the ’90s and this was the beginning of personal growth for me.  I realized that I was a salesperson and loved motivating myself and other people to reach goals. 

I was with them for 10 years and ended up owning a distributorship with them in the Toronto area.  

After becoming a single parent in the ’90s, I had a five-year stint in the car business, being a business manager and selling cars, but long hours and very little personal satisfaction, motivated me to take my real estate license. 

I became an agent in 2006 with the desire of being able to have the ability to increase my income and have the flexibility to travel to see my kids, who were both now living in the U.S. (Melanie on a gymnastics scholarship at Iowa State University and Simon modelling in NYC).  

After building my business for six years it was a welcome addition to have my Mel join me in the business after she graduated university and then Simon, two years later. 

Both of my kids did not have real estate as a career goal but they kind of fell into it after realizing that it was a great way to earn good money and also be able to pursue other passions (not to mention my daughter’s teaching degree did little to generate an actual job in teaching and Simon realized that modelling looks don’t last forever – but as his mom, I would disagree 🙂 and he’s still modelling now)

Five years ago, at age 55, I was staring at my future and realizing that I needed more of a retirement plan – at that time, my net worth was basically the equity in my Mississauga townhouse (at the time, worth around 775k, and I had a mortgage of $300k on it) and I had $200k in RRSP’s and that was it. 

When I looked into what the Canadian pension was, if I waited until 65 to draw it, it was a wake up call.  

This started my journey into how to build a consistent income of at least $10k a month within the next five years.

I had met with an investment guy from a reputable company, regarding what to do with my RRSP’s, who told me he could generate me a guaranteed 8 – 10% annually with their various investments. 

It sounded a lot better than the 2% than my Scotia funds were generating, but luckily, I was introduced to investing in second mortgages by profunds in Burlington and decided to put my money there (it has now grown by over $100k in four years).  

Simon had introduced me to your podcasts and it opened up a new world of exploration. 

Around this time, I was invited to an event at my Keller Williams brokerage, put on by two agents who were representing, Brian Pullis’s project in Orillia. 

They were offering an investment opportunity to purchase a townhouse in an older complex that had been refurbished and all the interiors gutted and renovated. 

The homes were offered at $247k, and they were offering a $7k builder incentive and on top of that, my 2.5% real estate commission, so essentially I could buy one of these homes for $235k. 

Again, embarrassingly, I hadn’t realized that I could take an 80% line of credit against my primary residence to take the down payment for an investment property, and I had always had the mindset that I needed to pay off my mortgage before doing so.   

I got the line of credit and purchased my first property. 

The type of property fit me well as it was easy to manage, (one-year property management was offered for free), and it cash flowed ($1400/month in rent). 

This was a great first experience and it encouraged me to buy a second property in Orillia, which I had realized through listening to one of your podcasts (and Jules McKenzie), was listed in REIN’s top 10 cities in Ontario to invest in. 

The second property was easy as it was new construction and the builder was only requiring $20k down.  I closed on it a year later and after buying it for $345k and putting $20k into it, it attracted good tenants and covered itself.    

I sold the first property 3 years later and made around $70k net, and I just sold the second one (closed yesterday) and made $145k in three years.  

Last year, I had looked into the possibility of buying another investment property (at the time, I owned only one of the Orillia properties), but it had become so much more difficult to qualify for a mortgage and I was approved to buy at $600k, with B lender financing and it would have to be a legal duplex, generating $3400/$3500 monthly for it to work. 

I realized that it was too much for me at this point in my life, to drive to Oshawa (where it seemed like the only opportunities to do this, existed in this price range).   

In the summer I attended your IWin meeting where the discussion came up about the upcoming stock hacking course.  I was so inspired by Adriano’s story and I had been listening to your increasing interest in doing it yourself and was following your progress. 

Unfortunately, I was in Portugal in September when the first class was offered but as you know, Simon attended and he seemed to be quite inspired and impressed. 

What sealed the deal for me was hearing Habib’s podcast with you, in the late fall, and I knew I had to sign up.  

Since taking the two day course in December, it has changed my life. 

No other words for it. 

I started with $150k from my HELOC and then added $40k two months later.  Since just before Covid, as of today, I’m up $54k, which is nicely falling into my goal of $10k/month and is opening up my future. 

I plan on taking the profits from the sale of my investment property and adding it to my account, with the goal of making $15k to $20k a month consistently.   

I am constantly amazed at how options trading is not only something that I could grasp but is so easy, enjoyable, flexible and unlimited. 

I now find myself talking real estate clients (especially the ones around my age) out of buying their first investment property and doing options trading instead. 

As you always say, there’s a place for both and they go hand in hand, but for me personally, and others in my situation, looking at retirement and how to fund it, in my opinion and experience, this is an incredible option. 

Subscribe on Android

To Follow Lynne:

Facebook: https://www.facebook.com/lynne.tham/

Web: https://thamteam.com/

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

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/

How To Maximize Returns via Highest And Best Use Real Estate With Ryan Carr

Hello my fellow wealth hackers!

Thank you to everyone for reaching out and asking about my son Bruce.  He seems 100% now as he’s finished his eight days of antibiotics. 

His visit to the dentist was fun as his front tooth is now toast, but the dentist said to leave it since it’s not bothering him.  The dentist also found a cavity while poking around.  Thank goodness we bought our own benefits plan for our family and a few of our employees to soften the financial blow. 

I know many of you out there who are self employed don’t have benefits plans.  We got ours through our local chamber of commerce as I’m a member of the Hamilton Chamber.  Because the benefits plan is spread among the tens of thousands of employees among chamber members, the risk is diversified bringing the cost down which is around $300 per month for us.

We will definitely be getting our money’s worth this month between the emergency dentist visit, upcoming cavity repair, private room at the hospital, and now massage therapy as we have been having an RMT come into the office to massage the staff.  Does that sound right?

Hopefully you’re all taking care of yourselves and enjoying all the returns you’re making from your real estate and stock hacking. Never forget, life is short so do enjoy the fruits of your labour. 

I’ve spoken to many of you, including yet another newer real estate investor and a good friend of mine yesterday who’s real estate is fully tenanted. Everyone is paying rent and he’s cash flowing on average $2,000 per week via stock hacking. 

Have a wild guess if he cash flows more from his real estate investments or his stock hacking. 

Yet again, real estate for wealth creation, stock hacking for cash flow.

Speaking of cash flow and stock hacking, here’s a quick update on Cherry and I’s she trader vs. he trader.

Two weeks ago Cherry beat me by a whopping $40, but a win is a win and last week I won. I believe the score is around 16-6… I’m not sure what the lesson is here, but ladies, you can stock hack just as well or better than men. 

I spoke to a single mom of two this week who has taken the original and as well as the new and improved 2.0 version of Stock Hacker Academy, and her weekly returns average is $2,500.  I hope more single parents out there have the tools to do the same.

The lesson for the men? I don’t know. Maybe you can get lucky like me and have your partner out earn you.

I personally have no problem with my wife making more $$ than me.  I’ll make Cherry pay for our next round of golf together as she had yet another four figure day today. She had a deep in the money call option on Apple for those who know stock hacking.

If you’re interested in learning more about stock hacking, I’ll be hosting another demonstration over Zoom. We almost broke the system last time as we had over 500 people register, but capacity is 500.

We will not be making a recording available for privacy reasons so make sure you’re there on September 10th, 8pm EST. 

I’ll have several friends and family attending as well. I’ve been asked to give the same demo several times each week but unfortunately these are covid times, I’m really busy and protective of my gym, golf, Raptors and family time. 

The link to Zoom is ridiculously long so go to the website www.truthaboutrealestateinvesting.ca and you’ll find the link there.

Link to register for the demo here!!! https://us02web.zoom.us/webinar/register/WN_kOWSraJaQKOmaUDiPn7HRg

Or in my bio on Instagram and Facebook.  This is totally free and it’s a much better demo than I gave my kid cousin Chubby who is averaging over $1,000 per week in cash flow or 28% return on investment in 2020. FYI He’s a musician by trade.

How To Maximize Returns via Highest And Best Use Real Estate With Ryan Carr

Speaking of cash flow we have Ryan Carr of RW Carr Investments as this week’s guest, talking about highest and best use and being creative in real estate. 

How he groups his real estate investments into buy, renovate and hold, short term renos/developments and flips, and longer term projects including a waterfront 14 unit multifamily he renovated that went hundreds of thousands of dollars over budget… how did it work out? You’ll have to listen to find out.

Plus for the first time, Ryan talks about the passing of his real estate coach, Stefan Aarnio.

I think most of you should already know Ryan. He’s been on this podcast more than anyone else and he’s always up to something big whether its writing articles about how to increase cash flow by renting out sheds, vertical splitting of a duplex, tiny homes, etc…

If you don’t know Ryan, you will soon, as he’s up to big things that I’m sworn to secrecy, but here in the interview is what we can share 🙂

I give you Ryan Carr!

Subscribe on Android

To Follow Ryan Carr:

Book: www.TheHighestAndBestUse.com

Facebook: https://www.facebook.com/profile.php?id=100010830488618, https://www.facebook.com/rwcarrinvestment

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

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

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/

How A Veterinarian Quit His Job By Investing in Real Estate and Stock Hacking with Michael Bugg

Hello my fellow wealth hackers!

I hope you’re all having a wonderful summer! 

My family was having an amazing summer, then we hit a speed bump. My son Bruce was running up the basement stairs and fell on his face cutting his lip. He cried a lot but I figured he’d be fine, no big deal right?

The next morning his upper lip ballooned up. I thought, ‘weird, this much swelling this late after the fall.’ I sent a picture to a doctor in my family and he said the swelling was from the fall.

Bruce also had a fever so I thought it was just a coincidence, kids have fevers all the time. Saturday morning, the swelling had spread to Bruce’s cheek and the fever was still there. So we did what any parent would do, we cancelled our St. Catharines property inspection tour to see a doctor. 

It’s what I feared, an infection and Bruce was prescribed antibiotics.  Those were a challenge as Bruce couldn’t swallow them and they tasted awful when ground up, even when mixed with honey.


Next day, there’s no improvement, so off to Emergency Bruce and Cherry go.  In Covid times, only one parent is allowed in Emergency.  Bruce gets admitted and stays the night at McMaster Children’s Hospital. Cherry stays with him and I’m just a ball of stress.

Thankfully McMaster Children’s Hospital is just fantastic, including their pharmacy.  They work their magic and we’re home on Monday with a plan for 8 more days of an antibiotics cocktail that Bruce likes thanks to the pharmacy. 

Even with the good news, I had a terrible headache. Boo hoo, I know, when compared to all those parents with kids who spend extended periods in hospital.  I’ve said it before and I’ll say it again, investing in real estate and stock hacking is waaaaay easier than being a parent.  I’d gladly trade all my houses for the health of my kids.

Thankfully, this will only cost Bruce two weeks in the summer and the lesson as I’ve reminded him before, no socks in the house if he’s running.

For you wealth hackers, I’m hearing from many of you that this has been an extremely profitable summer both in your real estate and for Stock Hackers. 

The Toronto Real Estate Board reported a record number of transactions in July and average prices are up 16.9% from July of last year. Hopefully those of you trying to time the market got in March or April.  The markets where we operate, west of Toronto, we’re seeing multiple offers everywhere and outside of student rentals and condos, our clients are not reporting any significant vacancies.

For those who own real estate, you’re doing great!

For Stock Hackers, I’m receiving regular feedback from students who are achieving four figures per month and some four figures per week in cash flow, which is super awesome! 

It’s why we provided the courses taught by best selling author, Lee Lowell. Our very own VP of Coaching, James Maggs is averaging between $2,500 to 8,000 per month on $120,000 and only investing about four hours per week.  Not bad! It’s more than CERB and that’s more cash flow than a piece of real estate that requires an equivalent investment of $120,000.

But just ask any Stock Hacker how they funded their bankroll, almost everyone did with real estate profits or home equity lines.  Real estate to build wealth, Stock Hacking for cash flow.

Last Tuesday I delivered a demonstration via Zoom, a bit more of a polished demonstration vs. the one I gave my kid cousin over Thanksgiving last year.  He’s a musician by trade and he too is cash flowing over $1,000 per week. Anyways, over 500 registered for the demo which is pretty awesome.  Hopefully the nearly 500 who attended can reproduce the same results as my cousin, Chubby.

In case you missed the demo, sorry you couldn’t make it. If you’d like to be informed of the next one and receive notification of when these podcasts come up, simply sign up for my email newsletter, go to www.truthaboutrealestateinvesting.ca and type in your name and email and that’s it.

This is summer and we’re trying to enjoy what’s left of it, so no more demos till September and no, we’re not sharing the recording.  If these were not covid times, I’d invite you into the office for a live in person demo. Then you could all look over my shoulder and see how I trade on my phone, but we’re in a different normal.

On to this week’s show featuring another successful wealth hacker!

How A Veterinarian Quit His Job By Investing in Real Estate and Stock Hacking with Michael Bugg

Meet Michael Bugg, he’s a young father, husband and just recently a full time real estate investor out of Saskatoon, Saskatchewan.  He began buying properties in 2010, specifically new construction, and his investing has evolved into small apartment buildings.

In July 2018, Michael hung up the stethoscope and quit his job as a veterinarian.

On this episode, Michael shares his journey to owning a couple apartment buildings and how he lost money stock hacking during the covid crash and the shocking returns he’s achieved since then.

I give you Michael Bugg!

Subscribe on Android

To Follow Michael:

  • Personal: 
    • Facebook/LinkedIn:  Michael Bugg
    • Instagram: @michaelbugg.dvm
  •  Real Estate:
    •  Facebook: YXE Real Estate Group
  • Veterinary Project Podcast:

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

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/

Proving The Husband Wrong, Investing in Cottages, Developments, Retail Commercial, and Stock Hacking for Six Figures with Monica Lee

Hello iWINNERs!!

I hope you are having a great week and enjoying the summer!

You may have noticed we didn’t release an episode last week as I was tied up with Cherry’s birthday week and golfing three times including taking a lesson.

Do you know the saying “you can’t have your cake and eat it too?” as in you cannot have two incompatible things or you can’t have the best of both worlds?

Well I’ve never been much to conform to rules so other than Cherry being my wife and mom to our kids, we invest together in both real estate and stock hacking, we own several businesses together and we golf together. 

When I’m more disciplined, I got to the gym with Cherry 😛  

Cherry is better at golf than I am, she beat me two of three outings last week.  She beat me last week at stock hacking as well so I think she-trader is beating he-trader by the score of 15-6.

I do have other family who stock hack as well, my little cousin. His nickname is Chubby, he had big cheeks as a baby so my brother called him Chubby and the nickname stuck.

Chubby is a musician by trade, a beginner real estate investor, and he was a buy and hold investor of stable stocks like Canadian banks.  During thanksgiving, we had my extended family over for dinner, remember what those days were like?

Anyways, I told Chubby he was leaving money on the table investing in stocks the way he was so I showed him how I would stock hack, I gave him Derek Fosters book “Money for Nothing and Your Stocks For Free.”

Fast forward ten months later, he sends me a screen capture of his trading app showing his returns are 22% this year so far. He can’t convince his wife to learn stock hacking but you know the crazy part?  His cash flow is greater than the average Canadian’s work income.

Note that is for all of 2020 so that includes the COVID crash of February and March.

Also note, Chubby wants to buy more real estate, it’s just not easy as a millennial to raise 20% down payments.  But if you can, there is no better asset class to build wealth in my experience.

If you’re interested in learning more about stock hacking, I’ll be giving a demo on Tuesday August 18th in the evening via Zoom. 

It will be a bit more detailed than the demo I did for Chubby over turkey and wine, but my hope is the same for you the listener, to create a steady stream of cash flow. 

The bigger the better.

>> Click here to register for my free trading demonstration. <<

Those who get my emails will also see an invite and if you’re not on my email list, that’s just silly.  Go to www.truthaboutrealestateinvesting.ca and simply input your name and email and I hope to see you Tuesday Aug 18th in the evening on Zoom!

Proving The Husband Wrong, Investing in Cottages, Developments, Retail Commercial, and Stock Hacking for Six Figures with Monica Lee

This week’s guest is Monica Lee who is like family. She is Cherry’s BFF and godmother to our most prized assets, our son and daughter. 

Monica and husband, Rich, are both second generation Canadians. Their parents immigrated to Canada from Korea with not much in search for a brighter future for their kids. 

Rich and Monica both became lawyers who eventually quit law and six figure salaries to be full time real estate investors.

Monica invests in cottages for short term rentals, a couple commercial retail properties, they develop and build houses, she stock hacks for six figures all the while being a mom to three great young kids.

Just wait till you hear the story about how someone told Monica’s oldest son she would fail and give up as a stock hacker.  Her response is pretty epic.

I present to you, Monica Lee.

Subscribe on Android

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

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/

Doubling Down On Real Estate While Balancing Real Estate and Family with Ken Bekendam

Greetings my fellow iWINNERS!

I hope you’re all enjoying this summer as much as I am. 

The craziest recession/depression or whatever we are in continues.  The divide between the haves and have nots is widening, but don’t worry, for the haves, I’m sure our taxes will go up. Let’s all enjoy the great weather and market appreciation.

This real estate market in Ontario has created a lot of wealth for investors, including this week’s guest in Ken Bekendam. We’ll get to him in a moment. I’m sure he’s grateful and I know I’m very grateful for our respective real estate portfolios.

🏌️‍♂️Sunday golf at the beautiful Indian Wells Golf Course w the Mrs..It’s so awesome to have so many common interests…

Posted by Erwin Szeto on Tuesday, July 28, 2020

Cherry’s birthday is coming up and the plan is for us to golf seven of the eight days of her birthday week.  Yes, this is Cherry’s bday and her idea, not mine. In Cherry’s previous life, aka a previous boyfriend who we don’t talk about was an avid golfer so they golfed a lot together.

Cherry has many shots that I do not and has out played me two of the times we’ve golfed this season.  This past Sunday, Cherry and I golfed together with my cousin and his wife.  Cherry and I were playing scramble as in we each shoot then choose who’s shot was better and we both hit from there.

We were playing at the lovely Indian Wells Golf Course and the last time I was there I hit a 119 which I was pretty happy with.  When partnered with Cherry, we scored a 94.  An improvement of 21%.  Cherry mentioned how our golfing that day parallels our lives, we complement one another, raise each other up.  We both have good and bad moments, but we can often compensate for one another.

On the first 9 holes, I was playing great. There was a stretch over two holes where every shot we used was mine.  I mentioned it to Cherry then she hit her best shot of the day immediately after.  She has a competitive fire and wants to be her best, much like I do.

Over the last 9 holes, I struggled a bit and Cherry contributed a lot more.  With my advanced age and 35 degree weather, I tend to fade after the 14th hole.  I think she knows this hence the high volume of 7 golf outings in 8 days so she can kick my butt 😛

Speaking of Cherry kicking my butt, she beat me in stock hacking yet again last week. I had my third best week ever but Cherry managed to make even more.  Our household again realized five figures of cash flow in US dollars. She trader vs he trader is now about 13-6.

The stock hacking gains are great, but don’t forget, our bankroll was funded by our real estate.

For those interested in taking a beginner course taught by a best selling author and fellow stock hacker with 30 years of experience, including as a floor trader on Wall Street, he is none other than the Godfather of stock options, Lee Lowell, then go to www.stockhackeracademy.ca. Also save the date, the weekend of  Oct 3-4th.  This is the version 2.0 of the program and if it’s not called Stock Hacker Academy, then I have nothing to do with it nor endorse it. 

On to this week’s interview giving us the Truth About Real Estate Investing and it’s not an easy one…

Doubling Down On Real Estate While Balancing Real Estate and Family with Ken Bekendam

In planning a future without his wife Kaitlin and mother to one year old son Kingston, Ken Bekendam made the decision to quit his job and double down on his efforts to build his real estate investing business.

At the time, half his income was coming from Ken’s investment properties, plus he needed to build towards the flexibility of schedule, being an entrepreneur, as Ken is now a single father, and financial freedom that comes with being a successful real estate investor.  

Ken is a renovation expert both for his own portfolio and for clients, especially in adding legal, income generating suites and additions to existing properties. Like many high level real estate investors, he’s raising private mortgages so you’ll want to pay attention to that part.  

I don’t want to spoil too much so I’ll let Ken tell you his story. I give you Ken Bekendam.

Subscribe on Android

To Follow Ken:

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

Web: http://legalsecondsuites.com/ken-bekendam/

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

  • Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
  • 8 Weekly coaching webinars taught by Lee.
  • Access to all of the recording for 12 months
  • And so much more…

Right now, until August 14th, you get $500 off! Click here to get your $500.

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/

Quitting Corporate at 29 By Investing In Real Estate and Stock Hacking with MR REI Himself, Cody Yeh

Well that’s not what I expected.

This week’s guest Cody Yeh dropped some bombs on this in the interview I didn’t know about and it was quite the pleasant surprise. It’s days like these I love my work and we’ll get to young Cody in just a moment.

The remediation of my flood damage is ongoing. The emergency clean up work was done. Big commercial, over sized fans were brought in to air out the moisture. A bunch of flooring, trim, doors and drywall, anything the water touched basically, has to be removed and disposed of. Now just to wait for the quote. 

Thank goodness for having a good team and proper insurance, in this case sewer backup coverage.

Cherry and I have so much going on while my kids are at day camp in a conservation area which is awesome. They can swim in one of the cleanest lakes in Ontario. They’re hiking every day, they’re having a blast and to see them happy with big smiles and dark tans makes all this extra hustle stuff worth it. I hope all you out there are able to enjoy the fruits of your labour too.

Quick she trader vs. he trader: last week I won by a pretty wide margin and this week Cherry has a slight lead on me.  So I think the score is 13-6 but at the end of the day, it’s a five figure week in US dollars of cash flow this week and last and probably the last eight weeks. 

Needless to say it’s been a great market for stock hackers no different than this week’s guest, Cody Yeh!

Quitting Corporate at 29 By Investing In Real Estate and Stock Hacking with MR REI Himself, Cody Yeh

Cody is a first generation immigrant who came to Canada while still high school age, went to university, got a white collar job, but apparently it was good enough as he quit this past January.

I learnt of this before we started recording, but I assumed he got a new job.

What 29 year old doesn’t have a job? This one I guess.

Cody is a YouTube influencer, a real estate investor in houses with legal basement apartments in Barrie, Ontario, and he took our Stock Hacker Course last fall.  These investments allowed him to quit his job to focus on building new businesses.

I haven’t known Cody a long time but I do know he hustles which separates him from the pack and his story inspires me. So without further ado, I give you Cody Yeh.

Subscribe on Android

To Follow Cody Yeh:

Youtube: https://www.youtube.com/channel/UC9OnePY_skY0sV8nuvGtRoQ

Linkedin: https://www.linkedin.com/in/cody-yeh-pmp

Facebook: https://www.facebook.com/cody.yeh.7

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/

Big Fines, Student Rentals, and Stock Hacking with Ron Esteban

Hello fellow wealth hackers!

I hope you are enjoying your summer!!

It’s a good thing these covid times are during the summer so local businesses like restaurants can operate on patios to at least earn some income and keep the economy going. 

For most of you Canadians, you’re ahead of us in Ontario for re-opening. We do miss our live and in person meetups with our clients, but for business, we’re in no hurry as we’re busy, if anything we wish this sellers market would slow down so we can help our investor clients acquire more property.

But for our investors taking profits and exiting, this has been wonderful.  We will wait and see what Phase 3 looks like before we host even small meetups in the office again.

This past weekend, unfortunately, we had a basement flood. Thankfully our student tenants were home to call my property manager at 1 AM so he was able to go over and do what he could.

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto) on

That was Saturday morning, by 11am, I was there to have a look and talk to my tenants with a $50 gift card for each student, plus one for my property manager Terry. 

The water had since drained but it went over an inch high so a bunch of drywall, trim, doors, flooring, etc… will have to be replaced.  Our tenants are younger so they asked if our insurance covers their belongings. It doesn’t because that’s what tenant insurance is for. 

Here’s your friendly reminder to require your tenants to have tenant insurance.

We had a flood which sucks, but we have a client who’s basement tenant improperly disposed of a cigarette and caused a fire so the main floor tenant with a new baby is now without a home at no fault of their own. 

Thankfully, the basement tenant has insurance as the home’s insurance will likely go after the person who caused the fire.  Unfortunately the main floor tenant does not and will have to come out of pocket for a hotel or AirBnb till they find a new home.

Speaking of AirBnb, I had a friend who specializes in AirBnb asking me about Stock Hacking.

He was saying he didn’t want to invest and learn something new as he makes so much money running AirBnb’s. I shared how in my experience, multiple streams of income is the winning formula.  We have small businesses, a portfolio of cash flowing real estate, and both Cherry and I do Stock Hacking.

My deductible for the flood is $5,000.  Well, I made over $5,000 USD this week already from stock hacking, so while it sucks to have an expense of $5,000, I can afford it. 

A reminder to have a buffer and why having multiple streams of income is best.  The opposite is true as well, I’ll have a crappy day or week in the stock market and am grateful for my real estate.  No one is better than the other. Having both in my experience is the ideal.

Thank goodness my insurance specific for investment properties covers sewer back up.  Now this is twice it’s saved my bacon.  You may want to check if your policy includes it too.

Quick Stock Hacker update of Cherry vs. Erwin. 

She beat me again last week so I think it’s 12-4 in Cherry’s favour.  On the plus side, we combined for a five figure week in USD cash flow.  Sorry for repeating this so many times, but I’m grateful to have learned this skill and that Cherry is willing to trade as well.

Also interesting in our real estate world is we had another tenant have a disagreement with her housemates so they want to break the lease. 

To some that’s terrible news. To us, this property generates the least rental income so it’s our chance to improve that by renting it to students. 

We have that option or we could sell it in this complete sellers market we are in right now.  This house we own with a JV and have some of our own money in it, so the return could be better if we owned it 100% or had zero capital invested in the deal.  Or we may just sell it and turn it into a pool 🙂

For the longest time, Cherry and I have wanted a pool for the kids to enjoy and to entertain our friends and family.  In my experience, the best way to pay for luxury items is to have our assets pay for it, so here we go, our investment and returns will now become a pool.  An investment that was born out of a home equity line of credit over six years ago.

Compare that to what friends I have who used their home equity line of credit to pay for a pool.  To each their own, I just have a lot of future plans for early retirement and helping my kids pay for their education and a home.

Speaking of education, I was talking to one of my neighbours about how their daughter wants to be a dentist. 

They have RESP’s to cover some of the undergraduate tuition, but she didn’t know tuition costs for dental school. I’ve googled it before so I was the bearer of bad news as I’ve seen it at 40,000 per year.  I don’t think anyone saves that much nor wants to be saddled with that kind of debt.

On to this week’s show!! 

Big Fines, Student Rentals, and Stock Hacking with Ron Esteban

We have my friend, Ron Esteban on. He considers himself an average investor and not a big shot, but he’s got a couple properties. What is super cool is he’s teaching students how to invest in both real estate and stock options.

That’s right, Ron is a teacher with one of those big fat teacher pensions we’re all jealous of. He received some great advice to invest in real estate from an unlikely source.  Ron made some mistakes early on which lead him to meeting me around eight years ago and we’ve been friends ever since.

On this episode, Ron shares how he got started, how being part of a community helped his investments, and a more recent “life changing” means of investing. On top of all that, he just got married and is about to become a new dad!

Ron also shares what he’s teaching his students.  Parents, pay attention to this part in case you’re trying to get your kids interested in investing.

Subscribe on Android

To Follow Ron:

Twitter – @RonEsteban113

Instagram – @ron.est.113

Facebook – Ron Esteban

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/

Government Subsidy Update, Cherry Beating Erwin at Stock Hacking, BHAG, Investing in Insurance with Cherry Chan

Hello Friends!

I hope you’re having a great summer, I know it’s not like other summers, but this too shall pass.

And no pressure or anything, but hopefully you’re taking this time to learn something new, make more time for yourself and your loved ones.

As it is social distance friendly, I’ve taken up golf and it’s been a lot of fun. I used to avoid golf because it seemed unproductive and time consuming.  But when golf is done for Wealth Hackers, we assemble high level teams of successful entrepreneurs and investors, then it’s a great time!  

The easiest way to improve your mindset is to spend more time with high level people and I’ve been golfing with some high achievers, like my good friend Charles Wah, who is developing, flipping and holding a fair bit of real estate. 

We’re not high achieving golfers. My golf buddies are usually in the 90’s and they let me tag along with my 105-115 range.  Mostly because I’m easy pickings for betting on golf :P. 

One time, I accepted a terrible six handicap which ended in me making a $300 donation to a charity of my choice, the Hamilton Basket Brigade.

Quick update on the Hamilton Basket Brigade. We scaled back significantly for Easter with covid and all.  We gifted $100 gift cards to the 30 something poor families in Hamilton and we plan to do a bit more for Thanksgiving, but expect changes as an indoor party is off the table. Don’t worry, though, we have some great ideas. 

The need is great and we’ll be there to do our small part.

Real estate wise I hope you’re all doing well.  According to the Globe and Mail today, Toronto real estate is up 12% in June from last year.  Hamilton is up 13.7% over the same period or 3% higher May 2020. 

If you’ve been following the news, you know CMHC predicts a drop of up to 18% in Canadian real estate, so if that happened in Toronto or Hamilton, we’d give back maybe 18 months of appreciation? 

If you’re flipping houses, I’d be concerned, but if you’re holding for the long term to pass onto your kids like I am, I’m not too worried.

Speaking of kids, Cherry enrolled our kids in a bunch of camps after other summer camps had to cancel thanks to covid.

One of the camps is to improve on bike riding. This is the first time my kids are doing a bike riding camp, it’s only one week long but they’re entering directly into level 3.  I expect my kids to pass level three leading to level 4 which teaches riding on the road, the rules of the road, signaling, street signs, etc., but it’s only for six and up. 

My daughter Robin is old enough, but my son, Bruce, only just turned five.  Cherry asked Robin if she’d like to take level 4 after explaining the agenda and that Bruce wouldn’t be able to join her.  Robin said no, she’d rather wait till next year when Bruce can take level 4 with her, so she can watch out for him. 

This is why she deserves the house we bought her and she can have our house when she’s old enough.

Quick Stock Hacking update, I finally beat Cherry for maybe the 4th time in 15 weeks of he trader vs she trader.

She obviously has an enormous lead and had a monster week last week.  It took my 2nd best week ever and almost five figures US dollars to beat her. We’re really lucky to have the trading coaches we have in our lives. 

June was a great month for me with 18% returns.  That is gross and not annualized.  If you’re interested in learning more go to www.stockhackeracademy.ca/specialoffer 

Government Subsidy Update, Cherry Beating Erwin at Stock Hacking, BHAG, Investing in Insurance with Cherry Chan

Speaking of Cherry, she is this week’s guest, here to share about the latest in Government subsidies, why she got into Stock Hacking when I was already deep into trading, our BHAG (big hairy audacious goal), and so much more!

Subscribe on Android

NO MORE Confusion

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

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to 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 Esthetician to 50 Deals Per Year, Top Investor’s Agent, The Duplex Queen Tammy Ditomaso

Hello iWIN Community!!

Happy Anniversary to my lovely wife Cherry Chan!

She reminded me how I invited her mini putting on our first date after meeting on Match.com.  Thankfully she said yes and thankfully, I had learnt how to write rental ads and therefore applied those skills in selling myself as a potential date partner.  That was ten years ago and we celebrated our anniversary yesterday, golfing. 😊

I forget whose idea it was to go golfing and Cherry is a very solid golfer.  Her previous boyfriend had a membership at Angus Glenn, one of the nicest clubs and home of the PGA’s Canadian Open a couple times, so she’s golfed way more than I have.

Stock Hacker Update

My last week was just over $3,700 USD and the majority of that time was at my friend’s cottage without wifi, so it was just my iPhone, my IB app, my emails from my coaches, and my data plan. 

Cherry made over $5,000 USD so we combined for almost $9,000 USD and we beat our combined goal of $4,000 again. It’s been a great run and this week is shaping up to be another great week as I’m already up over $1,300 as I record this on Tuesday morning.

For clarity, when I refer to profits, we have exited the position so the profits are sitting as cash.  Much like cash flow is sitting as cash in your chequing account for your properties.

On the real estate front, the real estate market sure is bouncing off its lows from February and March.  I have family who are heavily invested in Toronto condos and while there is more vacancy than ever, units are renting again after the condo rental market was frozen for months.  Landlords are reducing their rents 1-200 per month and tenants are signing.

Within our own portfolio, COVID cost us one tenant, so they moved out, but they left the apartment immaculate. I don’t know what we did right, but these tenants were younger, early to mid twenties with bright futures ahead of them.  Two of the three young ladies already had their new landlords reach out for references which is not normal.

I mean, we also call previous landlord references, it’s just rare for other landlords to reach out to us for references.  It’s why I always teach investors to learn from successful investors, not the unsuccessful ones.  If uncle Bob, an unsuccessful landlord were to tell you real estate sucks and it’s a money pit, and they never bothered to run a credit check?  That’s not someone I’d want to learn from.

Our new tenants are very nice people, hard working, love their expensive tech gadgets, none of which I can afford, one is a pastor so we’re lucky to have them.  They were one of five applications we received, it’s always nice to have multiple offers, and our new rent is $150 higher than 12 months ago.  Needless to say we’re happy. 

As these are COVID times, Saturday at the lease signing was the first time the new tenants had seen the property. I had paid the previous tenant a $50 gift card to do a video walk through of the property and we required prospective tenants to submit an application before they could see the property.  We felt this was the right thing to do to protect everyone’s health and safety.  I’m glad it all worked out!!

Our student rental however, our students are asking for a significant rebate and some repairs. One of them was a loose faucet that I was able to hand tighten… Such is the challenge with students, I consider myself useless with tools, but I can hand tighten something. It’s all a matter of trying.

We hadn’t visited this property in some time, so just a friendly reminder to visit your properties from time to time, even if they’re being managed.  Or send a home inspector. We did both on Saturday and now we have a decent sized list of to do’s that will ensure a long life for an investment property we bought for our son.

On to this week’s show!

From Esthetician to 50 Deals Per Year, Top Investor’s Agent, The Duplex Queen Tammy Ditomaso

Many of you listeners are interested in careers in real estate. Well, today we have coach Tammy Ditomaso, a.k.a the Duplex Queen, on the show. 

About five years ago, Tammy switched from her esthetician business to becoming a Realtor.  First she joined our iWIN Real Estate team as an assistant, then started taking clients in 2017. Since then she’s rocketed to become an influencer in investment real estate. 

Andy Tran, the leading expert on home additions, says Tammy knows zoning better than any agent he’s ever met, but Tammy is no regular agent.  She regularly gives talks to rooms of one hundred or more attendees, plus that time she spoke in front of over 1,500 at the Wealth Hacker Conference.

Yes, I’ve made Tammy cry before, I’ve had team members want to quit and some actually did. In my experience, 9/10 people are capable of more than what they think is possible. I push investor clients and my team all the same.  Not all can rise to the occasion, but when they do, you get people like Tammy.

Subscribe on Android

To Follow Tammy:

Tammy is our lead instructor on our free training class on the #1 investment strategy in real estate, you can catch her here and our next date is July 8th so don’t delay registering: https://www.investortraining.ca/freeclass

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

NO MORE Confusion

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

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

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

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

More secrets you’ll uncover are:

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

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

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

Sponsored by:

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

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

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