Welcome to the Truth About Real Estate Show!
…The little Canadian podcast meant only for Canadian Real Estate Investors, which make up 1-2% of the Canadian population…
The #39th ranked country in terms of population, yet we manage to punch above our weight with a #81 ranking in all of iTunes in the Business Category.
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We’re not even that well rated as we have numerous haters, and to the annoyance of my team, I almost never ask for five-star reviews, which I should as that would make this show more prominent on the interwebs and thus reach more people who want to learn the actual truths about real estate investing vs. those with agenda to sell garbage investments.
The Truth About Real Estate is if one’s investments are garbage, they will eventually catch up to you.
Paramount Equity Financial Corporate was in the news recently as the receiver is currently suing the developer partner for stealing funds from retail investors who are average, hard-working, everyday Canadians.
As someone who’s followed the case because I had clients invest, the whole fund and investments look terrible, same with the fund management; hence they were shut down by the Ontario Securities Commission.
And rightly so, as the fund managers changed the investment focus from 2nd mortgages on principal residences to land developments to build large projects like retirement homes while offering low returns compared to the risk.
I take responsibility to learn from this experience, so this may never happen again to anyone I care about.
My lesson is to invest in oneself and control the asset.
Yes, being more active means more effort and time, but I avoid losses and achieve world-class returns. In turn, I educate myself, gain experience and create value for our coaching clients.
My business, iWIN Real Estate, is a bit different than others, though, in that we are licensed Realtors, and we coach our 400-something clients into the execution of a world-class investment property, and the numbers show.
Excluding the pandemic run-up, our clients’ five-year return from 2015 to January 2020 was 341% or about 68% per year.
While the media keeps pouring out stories of folks struggling to afford higher interest rate mortgage payments, my clients are making travel and retirement plans, travelling while retired and buying houses for their adult kids.
At the Wealth Hacker Conference, our keynote speaker Jesse Itzler shared that his secret to success was to pour his heart and soul into each project, whether it be a private jet company or a marathon through Death Valley.
For me, you better believe I’ve poured my heart and soul into our 8 figure real estate portfolio and, in turn, the lessons for our friends and clients to create their own means towards financial peace.
No, it’s not easy, but it sure beats losing money and having taxes, governments, and inflation eat away at your wages and savings.
It’s only getting worse, as that is one of my bold predictions for 2023 and beyond.
Speaking of bold predictions, in contrast to what the Bank of Canada and the US Federal Reserve are saying, my bold prediction for interest rates is that cuts are coming sooner than expected.
My team and I will share our bold predictions for Canadian real estate on January 28th at our in-person iWIN Meeting.
With the new normal, or work from home, we’re focussing more on networking this year, so you don’t want to miss out.
You never know what connection or introduction you will receive that will change the trajectory of your career.
Want to learn how big-time professional apartment builders invest? Are you interested in multifamily investing?
Then you don’t want to miss our guest speaker from Equiton – Lawrence Raponi.
I’ve asked Lawrence to share the benefits of investing in a real estate investment trust AND how Equiton invests: specifically, how they find deals and what numbers/returns they need before even considering making an offer.
I want our attendees to understand the relative difference between investing passively and being completely active.
In my humble opinion, one must earn 3X more than the passive rate to consider being active. Plus, I know many are looking for cash flow, and REITs often make regular cash distributions.
So be there on January 28th. Doors open at 8:30 am, optional mastermind lunch follows immediately after, and I’ll be there.
From the questions flooding my email for you, our 17 listeners, there’s definitely a lot of uncertainty, and honestly, my team and I can likely be of help.
If you’re on my email newsletter, you’re already receiving event invites.
If not, that’s just silly: www.truthaboutrealestateinvesting.ca name and email address on the right, and you’re good to go.
I know it’s late January, but happy new year to you, my 17 listeners. I wish I knew all your names as I’d shout you out.
December wasn’t a fun month for Cherry and me.
Even though the Wealth Hacker Conference had passed, we couldn’t get away on vacation, not that we didn’t try.
We had a Caribbean cruise booked as we had credits from 2018 we had to use before they expired and a pile of Aeroplan miles accumulated over the last three years thanks to covid.
Unfortunately, on December 16th, my daughter Robin complained of an earache. We swim a lot, so I suspected an ear infection, confirmed by the ER doctor at 11 am before our 6 pm flight, so we had to cancel everything.
We got some money back, but my Aeroplan miles are gone, and we had to make a travel insurance claim.
More importantly, we were not going on a badly needed vacation… so we booked everything again for the 2nd week of January, AND the cruise cost was 20% more than the one we cancelled.
We like to travel for cheap; hence we had originally chosen the most affordable week, but we made the best of the situation aboard a gorgeous ship, ate waaaay too much as the food was excellent.
We took full advantage of the complimentary babysitting, where my son played Nintendo most of the time, and my daughter did crafts.
We hit the beach, and the highlight for me was taking the kids snorkelling in the open water for the first time.
Bruce took to the experience really well while Robin held onto my arm.
The kids are used to murky lakes and backyard pools, so seeing clear open water that goes forever and all the aquatic life shocked their senses.
We are grains of sand compared to the grand expanse that is the Atlantic Ocean.
We saw sea turtles, and a stingray; my daughter and I were early to one beach and were fortunate to be the only ones to see an Octopus hiding in the hollow of a coral reef.
I’ve SCUBA dived a bit, so I know a bit about how to look around and find the goodies. Hence we were the only two on the beach to see the octopus and, later, a puffer fish.
Super cool, and I’ll count that as a memory made with the kids.
For Cherry and I, making memories is our main objective with the kids, and this trip was a good one.
Bouncing Back From Losing A $4.5 Million Business To Bankruptcy In Months With Nick Kindler
On to this week’s show!
We have something different in that our guest is a successful entrepreneur in the world of Business and not real estate investing YET.
Nick Kindler is the Chapter President of Entrepreneur’s Organization, a private membership of seven-figure entrepreneurs to which Cherry and I also belong.
As a member of the real estate community, I find learning from entrepreneurs is as helpful as learning from real estate investors to broaden my learning.
I also see all these memberships and masterminds costing $20,000-30,000 or more.
I wanted you, my 17 listeners, to be aware of other masterminds, membership groups, and Entrepreneurs Organization is less than $10,000 per year, and I’m a big fan.
Who better to talk about Entrepreneurship than our very own Chapter President, Nick Kindler, who also happens to be my client who’s working with team member, Chris “the Captain” Hook to acquire quality investment properties.
Nick is here today to share his experience as an EO member, President, his entrepreneurial journey, which includes a $4.5M business that went bankrupt but, more importantly, how he bounced back, and the lessons learned so you may avoid the same mistakes.
FYI – failing businesses, losing money and letting staff go is not fun in my experience. Please take notes.
If you would like to learn more about Entrepreneurs Organisation, please reach out to Nick on his company website www.kindlerandcompany.com/contact.
You can hit me up via email or DM, or you look up your local chapter at https://hub.eonetwork.org/.
I’ll be at the open house event on March 9th that Nick mentions, so I hope to see you there! Link: https://www.eonetwork.org/toronto/Pages/upcoming-events.aspx?i=2&s=5
Nick’s consulting business helps innovative leaders communicate better.
For example, I attended Nick’s two-day workshop on how to give a TED talk which was excellent. Nick deconstructed what goes into an excellent talk, then walked us through to write our own and how to deliver with stage presence.
Nick is also the author of Impact: Simplify, Transform, and Perform Pitches and Presentations, available at https://www.impactbook.ca/
Without further ado, I give you Nick Kindler.
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.