We are one of the oldest, most listened to, downloaded and rated podcasts, as we’ve kept it pretty real on this show.
The show name “The Truth About Real Estate Investing,” was inspired by my experience of being full-time in real estate since 2010 with the number of unsavoury characters, investments and courses out there and seeing hard-working Canadians lose money in what, in my experience, has been a very boring, all but guaranteed strategy to get rich.
My own journey started with $30,000 in student debt after graduating from Business School shortly after September 9/11, the subsequent recession and dot com bubble burst.
My wife, Cherry Chan, CPA. CA. and I now own an eight-figure portfolio consisting mostly of small multifamily and student rental houses.
My wife has around 500 real estate investor clients, and I have over 350 real estate investor clients, including 45 self-made real estate investor millionaires and multimillionaires.
The lessons are aplenty between the investors I’ve masterminded with, my clients’ experiences, my own experiences and the 300+ plus successful guests of this show.
Cherry and I have found a strategy that works with our busy schedule having businesses and young kids, and we hope you, too, find your own efficient path with the help of this podcast and the many education events that we host, plus the one-on-one coaching for the action takers who want to work with us.
Unfortunately, we haven’t reached everyone, and even worse, many have lost money on get-rich-quick schemes involving high leverage or flips.
A listener of this show, Jay, sent me an article titled “House-flipping influencer and life coach hit with hefty fines in bogus $400 million training program.”
Mentioned in the article is Dean Grazioli, who agreed to pay a fine of $1,250,000 by the Federal Trade Commission.
That’s a massive, massive fine!!!
I first learned of Dean while following Tony Robbins, author of the best-seller “Money – Mastering the Game,” and Tony endorsed Dean Graziosi, the author of “Millionaire Success Habits,” Dean was Tony Robbins’ go-to for investing in real estate.
I remember watching Dean’s commercial walking across his property on his massive estate, greeting his young girlfriend and hearing his pitch.
This was years ago, and his investment model was hyper-aggressive, so I dismissed it immediately; it was too good to be true.
According to the article, 700,000 people attended a free introductory course, and 70,000 paid $1,000 each for a three-day course.
30,000 of the 70,000 paid $40,000 more on courses and coaching. “FTC investigators say the courses did little beyond explaining the basics of real estate investing and were primarily designed to upsell students on more expensive classes.”
Sadly, this all sounds familiar to me.
Last week, I spoke to an investor who paid $15,000 for courses and a coach who bought a pre-construction condo Realtor who sponsors the club, a condo that will bleed money.
That same sponsor sold the investor a non-conforming duplex and did not disclose to the investor the house is located within the rental housing licensing area and the property has zero chance of passing.
Not only that, if there was a fire inspection today, the investor would have to evict tenants to the streets or face severe fines—international students nonetheless with nowhere to go.
I don’t have $15,000 or $40,000 courses or coaching to sell, but I will get on a call with serious investors if they need help, and that’s what I did here, explaining how she was led astray, and I connected her with Andy Tran of Suite Additions to get her on the right path to legally suiting her basement.
Speaking of legal suites, we will be touring small multifamily, income properties around $400,000 this Saturday, June 3rd, east of the GTA, where one can actually cash flow.
Learn how our successful clients invest for themselves to create generational wealth.
No get-rich-quick schemes but rather boring, systematic, proven process, located in a high-demand area by both buyers and tenants, side hustle investing so you can get back to living your life.
The cost is a measly $20 plus fees and taxes, and all proceeds go to charity to provide impoverished children with warm winter clothing.
66 Wholesales/Year, Scammed By Fake Seller, Flipping In A Down Market with Aaron Moore
On to this week’s show!
We have my old friend Aaron Moore on the show, who is an extremely successful real estate investor, wholesaler and flipper.
Aaron and I met monthly to mastermind for three years, so I know him well and can verify he’s a nice guy, and he’s much more successful than many of the real estate influencers on Instagram.
Aaron is the only wholesaler I know who guarantees the purchase from the seller, including the time he got caught in the downturn; he knew he was going to take a loss and did it anyways.
Aaron takes us back to 2008 when he would deliver hundreds of fliers and hang bandit signs, you know, those unauthorised signs on traffic lights saying “I Buy Houses.” Soon after successfully cracking the Google SEO and Ads code back in 2010, Aaron’s one of the best at generating leads for off-market properties. Hence he can wholesale 66 properties in a year.
Aaron walks us through how he grew his organisation, number of employees, his journey from harder deals to easier for long-term holds, what he thinks of the current market, several pro tips, and, if you can believe it, how a scammer impersonated a seller leaving Aaron in limbo as the “new owner.”
According to Aaron, these scams are becoming more common, so you do not want to miss this episode; listen to the end.
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.
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.