Boy, oh boy!
Never have I seen so much drama going on in the real estate community. Joint partnerships falling apart, a real estate education “university” company being sold off…
With the bull run in real estate over the past 12 years, all these new investors have only experienced a growth phase and never experienced the cons or poor investment models from the credit crisis of 2008-9.
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By the way, a mid-level developer is selling off numerous properties in Hamilton. The same developer I warned friends about when they asked me for reference checks.
I’d personally seen their slum properties and knew people who had done business with them and been screwed over. Investors and business folks would still do business with this developer with a terrible reputation as they were talented at making money.
I always find it fascinating how many will bend/break their integrity for money. I see it all the time in our industry. The money is great until the market turns as it has now.
Capital and credit have tightened, and investors cannot raise any more money for capital-intensive developments, so they’re forced to sell to pay out employees, partners, consultants, trades, etc.
Karma is a B, as the saying goes. The truth is, there are moral and ethical ways to be successful as an investor, and our 17 listeners get to find out about it as I’ve done my best to filter out the shysters on this show.
They do ask to come on but don’t pass my screening tests. I’m not perfect. No one is perfect. However, diligence is ALWAYS required.
Is the market falling apart? No!
If anything, these times are excellent for smart money to invest as the fear is great.
How can I tell the fear is high?
I’ve never seen so many individual investors looking to raise capital or credit. But unfortunately, many are violating securities laws in soliciting investments from the public.
To be clear, there are lots of good investors offering good opportunities, Cherry and I review them all the time. We’re really picky and invest in them from time to time.
My observation is there are more folks than ever, especially beginners looking for other people’s money.
Desperate times call for desperate measures, I guess, as there are some in financial distress, as last week’s article in the Toronto Star detailed with the high amount of private, that means expensive mortgages are being written.
I’ve always said the market falls apart when cheap capital or credit is no longer available, but the problems are being dragged on via private borrowing.
Problems seem to be isolated among those who grew rapidly with significant vacancy you see in flips or major renos or developments.
I can’t say we’re past the bottom, but our clients who bought properties in August 2022 got better prices than today.
The duplexes Cherry and I bought in 2021 are now worth more than we paid, which is nice but matters little as they are ten-year buy and holds or longer.
The market could dip this Spring as power of sales are expected along with anyone who bought recently and can’t afford these rates, so we may see a temporary dip.
Especially the speculators who bought new construction with no well-thought-out exit plan.
There are deals for those able to buy, and there’s so much demand out there.
We’re running into multiple offers, and we’re running out of properties to show. We are literally having challenges finding properties for sale to show our clients.
So if you have an income property or a property that can be an income property, please let me know!
Agents, send me your pocket listings and referrals. We have buyers hungry for properties. Wholesalers. You too.
Our 350-something clients invested the right way for most people, most of the time. They went slow, did NOT over-leverage, and invested for cash flow.
Out of 350+, 45 are already self-made investor millionaires, and we are looking for more kind-hearted people who want to invest smartly to create more financial peace in their lives.
Please don’t end up like one of the many pre-construction speculators out there.
I spoke to one last week who is negative $1,500 per month… hardly a scalable investment strategy for most investors…
Notice how I’m not raising capital or other peoples’ money and never do.
Cherry and I prefer to invest our own money in our own deals to keep our lives simple.
What I’m looking for are smart people who want the whole deal to themselves, prefer working with professionals such as my team and myself to guide them as Yoda did for Luke Skywalker, and folks who want to invest like the pros: slow, boring, low risk, with cash flow for the long-term.
If you’re interested in coming along in our journey on the light side, investing in real estate with morals, ethics and profits, then you don’t want to miss our first ever iWIN Real Estate meeting in Whitby, Ontario, on Saturday, March 25th.
Here’s what we have planned for the event:
- First, I will be giving an economic and market update…
- iWIN Real Estate Coach Stephen Phillips of HGTV fame will share tactical advice on investing in the Durham Region, including Belleville and Kingston…
- And since it’s tax season, everyone’s favourite Real Estate Tax Accountant, Cherry Chan, CPA. CA. will educate us on the most important tax implications we must get right this tax season to improve tax savings and avoid losing thousands of dollars in fines.
The meeting will be followed by a highly educational tour of potential income properties in Oshawa, where we will share professional investor tactics and financial analysis.
Lastly, we’ll have a mastermind lunch with like-minded investors, so you’ll have a chance to connect and network with some amazing people.
I assure you, it’s going to be amazing!
Our track record of successful clients and integrity is second to none, so feel free to spread the word to anyone you care about who is interested in doing what’s best for their financial future, owning income-producing hard assets in the form of real estate.
We’re already 50% sold out! The tour is 100% sold out.
Tickets cost about 20 bucks each plus tax; all profits go to charity to outfit poor schoolchildren with warm winter clothes!
Investing with heart – that’s what we specialize in.
See you there!
17 Years In The Making + Keyspire = 50 Properties with Amanda & Marty
On to this week’s show!
With all the craziness going on, it’s nice to have a palate cleanse with go-getters like my old friend Amanda Bouck and Marty Gordon.
I first met Amanda ten years ago at Rock Star Real Estate when she was running the day-to-day part of the in-house Property Management business.
Fast forward ten years, she’s managed a team of coaches, created educational content at Keyspire and, together with her husband Marty, a licensed carpenter.
Marty has gone from an employee in construction to general managing their own property management company and investment portfolio of small multis in Guelph to small apartment buildings in London.
Apparently, Marty has free time between all that and their one-year-old son to coach as a Keyspire coach as well.
Hey, I’ll never fault anyone for multiple streams of income 😉
Amanda and Marty’s journey from beginner investors in their early 20s to the present, 17 years later, a fair-sized portfolio and getting close to buying and building their dream home on large acreage and custom-built mansion.
It’s an inspiring and real journey.
Amanda and Marty share how their journey wasn’t easy and required hard work.
Success is not guaranteed, but with hard work, and smart decisions over a considerable period of time, it’s hard not to be successful.
Please enjoy the show!
This episode is brought to you by me! We don’t have sponsors for this show. I only share with you services owned by my wife Cherry and me. Real estate investing is a staple in my life and allowed me to build wealth and, more importantly, achieve financial peace about the future, knowing our retirement is taken care of and my kids will be able to afford a home when they grow up. If you, too, are interested in my systematic strategy to implement the #1 investment strategy, the same one pretty much all my guests are doing themselves, then go visit www.infinitywealth.ca/events and register for our next FREE Online Training Class. We will be back in person once legally allowed to do so, but for now, we are 100% virtual.
No need for you to reinvent the wheel; we have our system down pat. Again that’s www.infinitywealth.ca/events and register for the FREE Online Training Class.
To Connect with Amanda & Marty:
HELP US OUT!
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 email@example.com.
I hope to meet you at one of our meetups soon.
Again that’s firstname.lastname@example.org
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 email@example.com.
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.
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.