I hope you all had as great a weekend as I did!!! My Friday and Saturday were spent with my wife Cherry and friend James Maggs at the Archangel Summit (a business and self development conference) and it was excellent!! I’m fired up to do more, be more, help more!! I will summarize my notes and present them to you all at a later time.
Happy birthday to my mom, the lovely woman who gave me life. A blessed life that I lead where I can take my mom to lunch on a Monday afternoon in a near empty restaurant as if it were a private, chefs table, for just mom and me.
My dad’s brother was the first to immigrate, who then brought my dad to Saskatoon. Thank the powers that be he soon decided to move to Toronto as he found Saskatoon to be too cold. My mom followed on a student visa a few months later at the age of 19. For my fellow Canadians, imagine uprooting your life from a tropical climate to the frozen tundra that is Canada. 😛
From a language barrier standpoint, we Canadians learn French much like students from Hong Kong learn English. It’s a start but if you’ve been to Quebec, you know how challenging it is to communicate.
Anyway, thank goodness for real estate. My grandpa was able to provide my parents a downpayment on our first house in Scarborough, Ontario. The house was only $61,000 but my parents still had three mortgages. I don’t even know anyone personally who’s had a third mortgage. Seconds on primary residence are quite uncommon.
At the time, my dad was still in University, I know because I was in the family pictures at dad’s graduation. They were quite broke.
Out of necessity to pay the bills, my mom was the first real estate investor in the family. She AirBnb’d rooms in our home (before AirBnb even existed) for $50 per month plus $50 for food. Mom was cooking and cleaning for up to four house guests at a time.
My mom has sacrificed and hustled a lot, resulting in the blessed lives my family and my kids now lead.
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Happy birthday to my mom, the original real estate investor in the family who AirBnb’d rooms in our home for $50 per month plus $50 for food when growing up so we could afford to eat and pay THREE mortgages on the house. Mom was cooking and cleaning for up to four guests at a time. Now she’s retired and can enjoy to the fruits of her labour and I will ensure the pay her back 100 fold. Love you mom!!
My mom is now retired and can enjoy the fruits of her labour and I get to now share my successes with her.
What greater definition of success is there than giving back to your family? This November we’re bringing my mom on a Caribbean cruise with us on a brand new ship in a room with a balcony. Paid for by our real estate. Not bad for a child of immigrants.
How to Invest in Toronto and Actually Cash Flow with Cindy Wennerstrom-Wroblewski
Yes, it’s actually possible and Cindy is doing it.
Cindy is a full time Real Estate Investor, Owner of Oro Properties, and a Consultant specializing in Toronto’s South East End. With 17+ years experience in the rental and investment properties arena under her belt.
Cindy is an old friend from REIN, the Real Estate Investment Network, she’s most famous for targeting high end tenants and renovating her properties accordingly to charge precedent setting, above market rents.
We talk about how it all started, sweat equity, the Toronto market, mistakes, the earlier than expected transition from corporate to full time investor and lessons learned, plus how and where she would invest today if she were to start all over.
So without further ado, I give you Cindy Wennerstrom.
To Reach Out to Cindy:
TitanInvestmentRealEstate.com – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year, just imagine what winning in real estate could do for you. If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at firstname.lastname@example.org. 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.
HaltonREI.ca – This episode is brought to you by my networking group, the Halton REI. We meet in Oakville (part of the Halton Region), but mainly invest in the top investment towns west of Halton: Brantford, Hamilton, Niagara Region, Kitchener-Waterloo-Cambridge.
We regularly feature the top speakers from our industry. The vast majority of our attendees are seasoned investors, so you will want to spend more time around these folks, as you are the average of the five people you spend the most time with. Your net worth is your network, so choose how you spend your time wisely.
Knowledge is power. Every meeting we share the latest in market rents, prices in the top neighbourhoods, and strategies for investment. We share the best property available as our Best Buy Property of the Month. We share the best tips and tricks for you to implement immediately to your investment businesses to fast track YOU on your journey to financial freedom. It’s up to you if you’d like to be on said journey.
To get on the invite list please register at http://www.truthaboutrealestateinvesting.ca/meeting/ and you will receive an invite to the next Halton REI meeting once announced.
But don’t listen to me, here’s what members of our community are saying about the Halton REI!!
Till next time, Just do it because I believe in you.
Hamilton, St. Catharines, Toronto, Land Development, soon to be builder and Real Estate Investor