Hello, back to school and back to routine, hahaha.
On top of that, welcome to another episode of the Truth About Real Estate Show, where we’re on this journey together for the most efficient path to our financial goals.
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A quick note on financial goals: everyone is different, and that’s totally cool. Much like fitness routines, some want to be competitive bodybuilders, some want to garden. Whatever one’s fitness program is, it’s better to do something, anything at all, than to do nothing.
I believe the same for investing; we all have different goals however, just like fitness, in my experience with investing and having 500 clients, including 45 self-made millionaire investors, the speed and efficiency one can arrive at their goal can improve with education.
What this downturn in the markets has shown me is how, sadly, many made uneducated decisions: more cash flow management, renovations, speculative purchases, and overleveraging. This current market will sadly flush out the weaker investors and investments, while in my experience, we’re hearing from our clients they are buying and readying to buy in this dip.
Who knows if our timing is right, but my research is telling me this could be 2008 all over again: the best buying opportunity of our generation.
Only time will tell.
I’m trying something new with my morning routine. I’m coming into the office early while it’s quiet to get my non-urgent, important work done, for example, producing this podcast, completing the new book I’m writing, preparing for our iWIN Meeting on September 17th, a condensed economic update as part of my preparation for the Nov 12th Wealth Hacker Conference.
The Wealth Hacker Conference is a summary of Cherry and I’s journey as entrepreneurs and investors to the present.
I used to be all about making tons of money, owning a 100 property portfolio, but my ambitions tempered once we got married and had kids hence we’re always looking for ways to grow our businesses, investment portfolio, and cash flow streams hence we have leading experts speaking to real estate, stock hacking, cryptocurrency while balancing happiness and raising kids.
Cherry’s talk will focus on cash flow management as it’s a subject that’s extremely important in this current market and will likely save many small businesses and real estate investors from losing their shirts, as many have in the past 2.5 years.
That’s the IQ side.
On the EQ or emotional quotient side, it’s been too long since our close community of investors has been together.
I literally almost shed tears at Seth’s multifamily conference in May as I haven’t seen so many of you for two or more years. Thankfully I get invited to some smaller private, in-person events, but that’s hardly inclusive to our wider community, and based on who’s already bought tickets or sponsorship, pretty much all the who’s who are going to be there.
If you’re from out of town, start making plans for your road trip now, e.g. my friends coming from Ottawa all carpool and the networking on the road trip alone is worth coming.
Speaking of road trips, I drove our Model Y Tesla two hours up north for a golf tournament. Thank goodness it was the best ball as I was more terrible than usual, having not swung a club for over two weeks. Joining me on the road trip were good friends Hussein Kudrati, the real estate lawyer and Kevin Hyunh of Empire Mortgages.
From my experience at iWIN real estate, we’re seeing the best deals I can recall over the last 12 months.
Hussein and Kevin shared their experiences and noticed the same: great deals.
Yes, the real estate market could continue to decline as fear is high as we’re not seeing much competition from regular home buyers. We are, of course, being more conservative with cash flow forecasts, stress testing higher interest rates and longer lead times for permits and renovations.
One positive I’m hearing is with so many big players postponing projects, there will be more contractors available for work. Prices haven’t gone down, but at least renos can get done.
How long does that last? I doubt even 12 months, but we will see.
Building in Florida, Investing in Glamping in Ontario With Andrew Hines
On to this week’s show!
Our guest Andrew Hines I believe, needs little to no introduction.
He graduated from the top Business School in Canada based on my biased opinion of also graduating from the same school.
Andrew is one of the good ones, having shared his losses investing in Ohio early in his investor journey; he’s built townhouse complexes and invested in high-end student rentals.
Currently, he’s more focused on diversification by developing and building in Florida plus a start-up, 90-acre, high-end campground.
We talk about economics, where the market is going and when/where Andrew thinks there will be opportunities.
Have your pens and notepads ready!
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.
Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.
This is for driven folks who want to multiply their current incomes.
APPLY HERE: https://www.infinitywealth.ca/hiring
To Follow Andrew:
Grotto Getaway: https://www.airbnb.ca/users/461668746/listings
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 firstname.lastname@example.org.
I hope to meet you at one of our meetups soon.
Again that’s email@example.com
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 firstname.lastname@example.org.
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.