Welcome to the Truth About Real Estate Investing Show For Canadians with Erwin Szeto as your producer and host.
The truth is we have more than 17 listeners of this show, and I want to thank every one of you who has left a five-star review and shared this show with people you care about.
Thanks to you and our wonderful guests, we ranked #81 in all of iTunes in the Business Category 🥳. Shout out to Jay Wong, mega podcast producer to serious podcasts, for letting me know.
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As an ask to you, my 17 listeners, please do continue to share this podcast with those you care about because the truth about real estate is there are unqualified real estate experts out there.
I was chatting yesterday with a recently bankrupt real estate influencer who has been advised against coming onto this show by their lawyer.
Still, I’ll share my thoughts, verified as accurate by this bankrupt investor.
There are several real estate investors and businesses who are going bankrupt….
Many are good people; they just have bad advice from inexperienced but charismatic coaches. They put their trust and tens of thousands of dollars into memberships and coaching programs that taught a lot of good stuff.
So, too many investors bought too many properties too fast and without proper systems to execute.
Mindset is not everything; it’s a first step.
A quality deal is everything, quality coaching and mentorship is everything, and based on track record, there are a lot of unsuccessful coaches out there too.
Right or wrong, I evaluate a coach on their client outcomes.
I was lucky; my first joint venture partner, my ex-wife, has a renovation business. Her father was a successful Master Plumber.
I experienced firsthand how difficult renovation projects and staffing was.
I’ve swung hammers, removed rusted-out plumbing stacks and slung paint on walls and ceilings.
I’ve had my BRRRRs and flips go over budget and take months too long to complete.
For that reason, I only ever did one local project at a time, as that’s all my team could handle.
We teach the same to our clients as we’ll only work with the best of the best contractors, and there are only so many.
This may have kept us from scaling up big but also from being overstretched, as generally, we only had one vacant property at a time, so we always had rental income coming in.
Whereas our past guests of this show who grew big portfolios or 50-100 doors or properties like Russell Westcott, Jared Hope, Ben Oosterveld: all good people, but they shared on this show, they learnt their lessons.
The pursuit of a big portfolio and the rush of raising capital is not the way to build an investment portfolio.
Making money is the key performance indicator, not how many doors or properties one has. Making money, a good enough return on your time and grief is a sign of a good investment.
While being a visionary is great, without execution, a business is doomed.
Apple would be nowhere without Steve Wozniak and Tim Cook. Elon Musk didn’t do it alone; one of his greatest talents is attracting top talent.
Risk is great in every business. Apple, Tesla, and SpaceX have all nearly gone bankrupt.
I believe novice investors with novice coaches do not understand the risks as these recent bankruptcies involved multiple flips, BRRRRs, and developments with no rent coming in, financed by expensive private money.
No investment is without risk.
It’s all about mitigating risk through continuous improvement, implementing best practices, and surrounding yourself with a quality team, quality coach, and quality mentor.
None of our clients like these interest rates, and their worst case is to sell a property to take profits.
Funny thing, though, on this advice, 80% of my clients say no thanks; they expect their investments to improve over the medium and long term. They’ll suffer, cancel Netflix and Disney Plus, eat at home more often for greater future returns.
If you too want to learn my best practices from investing since 2005, an original investor specialist Realtor since 2010, my team of award-winning coaches who have done 100 duplex conversions and another 100 student rentals…
Then do make sure you’re on our email list for offers to get a copy of my FREE Book, “The Canadian Real Estate Investing Playbook”…
Attend our webinars, the next one being “How to Convert A House Into a Triplex,” which the new Doug Ford legislation will allow us to do…
And join our Street Smart Property Tours of Hamilton and Oshawa, where the rubber meets the road for the true application of investing practices.
You don’t want to miss it because, from my experience, we all have to work to invest, then invest to live.
A Legacy of $1,500/Month Cash Flow Via Student Rentals With Arminda Simao
Speaking of folks who invest to live, we have our client and single mom, Arminda Simao as our guest today.
Arminda is a student rental investor who will benefit massively from the over 40% increase to the market’s rental rates for student rentals.
Her current cash flow of $1,500 per month between two properties will more than double. Maybe triple.
That’s the benefit of buying right, using a fundamentally sound investment strategy, renovating with return in mind, and the importance of mentors, friends and community.
If you’re interested in quality investment properties like Arminda, my award-winning team of investor specialist Realtors is ready to go. www.infinitywealth.ca
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.
This episode is also brought to you by www.stockhackeracademy.ca, where everyday real estate investors learn the best practices in stock investing to earn cash flow in about 15-30 mins per day from their mobile phones. After real estate, Stock Hacking is the next best hustle, as you’ve heard from many past guests on this show. Among our students last year, 31 trades were shared with them. 30 were profitable for an over 96% success rate and 12% return on capital. I will be giving free demonstrations online, very similar to the one I gave my kid cousin, a full-time musician who just made a 50% return in 2021. Past, of course, does not predict the future, but if you’d like a free demonstration, go to www.stockhackeracademy.ca in the top right and click FREE Demo. At the demonstration, I’ll have special bonuses. We do not advertise publicly for all my favourite listeners, and I only have two more demos to give in the next few weeks.
Don’t delay www.stockhackeracademy.ca, what I consider the future of side hustles with real estate so unaffordable for many.
Private RESP CST Savings:
*** these are notes, not endorsements nor advice. Please seek professional financial advice.
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.