Thank you to the listeners who took that next step to reach out and connect.
I wish I could be a superhero like Batman or Superman and help people the way they do, but I can’t, so the closest thing I have to a superpower is my ability to give real estate investing advice for active and passive opportunities.
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I’m always looking for ways to improve in my search to be better in all areas of life. E.g. I’m learning more about intermittent fasting even though I’ve been doing it on and off for 4-5 years, but I don’t have much understanding of how it works.
Hence I was listening to a podcast with Dr. Jason Fung, a University of Toronto-trained Medical Doctor who’s successfully “prescribed” intermittent fasting to obese patients to solve diabetes.
For my family’s martial arts journey, we’re switching BJJ clubs back to my old club as the instruction is so much better.
We had our first class on Saturday, and the neat thing about martial arts is the belt system which tells you one’s technical knowledge and practical skills within the art.
I wish we had these in real estate investing….
The kids’ class we led by three brown belts, so folks with around 7-10 years or more experience.
During a takedowns drill, the adults with blue and purple belts, so roughly 2-7 years of experience, were invited to supervise the kids to keep them safe as getting thrown to the matted floor can be dangerous.
Compare that to the club we are leaving, which has 1-2 purple belts responsible for a class the same size.
Quality of coaching matters; hence we’re making the switch effective immediately even though we have over a month left on the old membership.
In real estate investing, there have been all these new coaching organizations within the last 2-5 years, and with their popularity, the founders had to hire more coaches to handle all the students they’ve recruited.
Folks with 1-3 years experience, some with no personal experience owning investment properties.
That may be fine for some but no thanks for me.
With so many good options out there who’ve been through a couple of real estate cycles, I choose coaches and investments who’ve demonstrated more technical knowledge and practical skills for over a decade.
My kids feel the same.
I asked them which club they preferred and why. Both want to switch because their fellow students are more serious because the instructors are better.
It doesn’t hurt that making the switch will also save Cherry and me money. Quality and money saving. It doesn’t get better than that!
Speaking of quality and money saving, Cherry and I will be hosting a networking meetup, our March iWIN event, on Saturday, March 25th, for the first time ever in Whitby, Ontario, followed by a tour of an income property or two in Oshawa followed by a mastermind lunch with like-minded investors!!
Cherry will share what you need to know about tax filing in 2023. I’ll share an economic and GTA market update, and coach Steve Phillips on my team will be sharing best practices on investing in the Durham to Kingston regions.
Cash flow is harder than ever to come by, so you do not want to miss this opportunity to meet up for our first time ever in Whitby, Ontario, on Saturday, March 25th.
If the demand is there, we may make this a regular occurrence.
The cost is nominal, and all profits go to charity to outfit school children with warm winter clothes!
The tour of potential income properties in Oshawa will be highly educational, where we will share professional investor tactics and financial analysis.
If you’re new to investing, you do not want to miss the opportunity to learn and to buy for value on this dip in the housing market.
We’ll release details in about a week; space is limited for both the meetup and tour, so for now, save the date, Saturday, March 25th!
You’ll be the first to receive the details if you’re on my email newsletter.
If you are not, go to www.truthaboutrealestateinvesting.ca, enter your name and email to join and stay updated.
32 Power of Sales, Legal Market Update With Lawyer Saurabh Singhal
On to this week’s show!
Today we have my friend Saurabh Singhal, a real estate lawyer and litigation specialist out of Mississauga, Ontario.
Saurabh services some of our clients and many more investors from the general public, so he sees firsthand the financial difficulties that speculators and private lenders have put themselves into.
Saurabh is working on 32 files for power of sale, meaning the borrower is in default, and the lender is forcing sale to repay the debt. We also discuss lessons from many 2nd mortgages gone bad.
To my 17 listeners, please do extra due diligence when vetting partnerships and private lending.
There are exit scams going on where gurus are looking to raise capital while already bankrupt or approaching bankruptcy.
At the same time, fear is high, and the time to be greedy is good timing.
As always, I prefer investing in assets I control in the markets where I’m an expert and recommend my clients do the same.
If these 32 investors in power of sale had followed my advice, this could have been avoided.
All they had to do was listen to this podcast which is available for free…
Unfortunately, they didn’t, and it will be my clients looking to buy distressed properties like we already are.
Feel free to reach out if you enjoy working with professional service providers such as my team, and we can get you investing like a professional.
All we charge is Realtor commission which is paid by the sellers anyways.
Saurabh Singhal is a returning guest of the show. In the previous episode, we did cover his journey to move his family to Canada and transition from a crown prosecutor in India to becoming a Canadian lawyer.
I recommend checking it out, as the story is an inspirational one.
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 Follow Saurabh:
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.