Have you travelled yet?
I’m writing this from the airport as we wait to board a plane to Vancouver with the kids. This is our first family trip since March 2020 to Florida and Disney before the world was shut down.
We’re flying using a pile of unused Aeroplan miles since there’s no travelling to be done. If not for points, I don’t know if we’d choose to fly for vacation with gas prices the way they are.
The plan is to explore the city as much as we can as the kids have shorter legs, hike a bit, Capilano Bridge, Deep Cove, eat lots of wild salmon sushi and meet up with a couple of investor friends for dinner.
I hope to check out some houses too, as we are that kind of real estate geeks. No matter the subject, in my experience, there are lessons to be learned, and you never know what will come out of a conversation.
I spoke to a friend who works for a large multinational consumer products company. I asked him about the challenges his company faces, and he shared how part of the problem is the massive swings in demand.
For example, pregnancy tests were in heavy demand during the pandemic, but now the pendulum has swung hard the other way. Now, condoms and anti-nausea drugs for air/sea/travel sickness are in high demand since folks are dating and travelling again.
Planning for such demand shifts in business is not easy. This is on top of manufacturing shutdowns due to covid and the war in Ukraine. Fingers crossed, things will smooth out soon.
On the real estate side, income or potential income properties are still moving. All of Cherry and I’s properties fit those criteria by design. As someone who loses sleep over risky stuff, I’ve designed our portfolio to weather storms such as the downturn we’re seeing now, which is about 15% off from the highs of February.
In a nutshell, we have always optimized our properties for rental income – either duplex, student rental or garden suite potential.
Have their prices declined from the peak? Absolutely but we have no plans to sell. Instead, we are refinancing to access otherwise dead capital. Two of the properties we bought in the dip of 2017 have since doubled in value in only five years. We plan to buy this dip again this year.
Our developer client even bought a couple of development opportunities. Properties were all listed on MLS that can be severed and developed. It’s like Christmas out there for the professional investors while many sit on the sidelines.
Will it go down further?
Likely, as I predict two more interest rate increases at least. But as I shared with one novice investor, if you plan to renovate or buy more than one property during the dip, you may want to book that soon vs waiting till the market starts rocking again.
Everyone rushes back to start buying and renovating when rates hold and then go back down. When that is, is up to the Bank of Canada.
How much are they willing to sacrifice the economy vs controlling inflation? How bad will job losses be?
I have no idea but what I do know is that interest rates will fall again once some of the supply chains and over-demand issues work themselves out as governments need to keep their interest expenses low on their debts, run deficits, and grow exports.
Burnt Out From Job/Covid, Bought 3 Houses, Airbnb Mid-Term Rentals With Red Glasses Emily
On to this week’s show!
We have Emily and Coach Tammy Ditomaso on the show.
Emily is a new investor with three properties under her belt in under two years. Emily’s early journey includes more involved renovations, inherited tenant who was in jail, rent arbitrage, middle term rentals and most importantly, a lot of financial success. Middle-term rentals fall between short-term and long-term rentals in some markets where short-term rentals are banned.
Emily also happens to have a nice job for one of the big Canadian banks in HR and shares what skills and positions earn megabucks, pensions, benefits and work from home.
Working from home is huge for real estate investors so they can get to new listings faster, early to offer and win more deals.
Coach Tammy Ditomaso has been on my team of investor-focused, four-time Realtors of the Year Investors since 2015. She’s also known as the Duplex Queen since she’s helped a couple of dozen buy, renovate, rent and hold more duplexes west of the GTA than anyone, and her knowledge of local zoning is second to none.
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 I. 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 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. I will be giving free demonstrations online, very similar to the one I gave my kid cousin, a full time musician and he just made 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, 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 Emily:
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.