Losing $175,000 lending, accidental long-term landlord, finding joy in a cottage, short-term rental, scaling up to a motel grossing over $100,000 in 90 days so far, and you’ll never guess where the motel is and more on this week’s Truth About Real Estate Investing for Canadians!
Konichiwa from Osaka, Japan, my fellow wealth hackers, I wasn’t sure I was going to be able to produce this episode this week because jet lag is a B. Japan Standard Time is 14 hours of Toronto time and 17 hours ahead of Vancouver time.
A friend asked if I was looking at real estate while here in Japan as we’re just having a blast here. This is my 2nd visit to Japan, first with Cherry and the kids. What I love about this country is how polite and respectful the people are. How dedicated the Japanese are to their craft and go outside their job description to deliver value.
First off, there is no tipping here in Japan, excellent service is the standard inclusion in the price one pays the taxi driver or the waitress. Taxi drivers here will suit and tie too. One waitress even tracked down my daughter’s e-reader. Long story short, my daughter left her Kobo E-reader in a bathroom of a Kabuki Theatre, we thought she left it at the restaurant, Cherry called the restaurant, they didn’t have it but the waitress took down Cherry’s email, the waitress contacted security as luckily someone turned it in, and the waitress emailed Cherry to let her know. We picked it up the next day.
The streets and subways here are spotless. There are no public trash cans, yet there is no litter, everyone is expected to consume their food and drink wherever they bought or take their garbage home.
Personally I’m a big fan of being organised, efficient, manners, and kindness. Japan has that all in spades. If that’s not enough, Japan leads the G7 nations in GDP per capita ahead of the Americans while we in Canada are 2nd last to Italy and projected to fall to last pretty soon. We’re lacking in kindness these days too as hate crimes are skyrocketing back home, since Oct 7th, hate crimes have doubled the totals of 2022. I don’t know what my Canada is coming to.
Will I invest in Japan? No, I haven’t considered it because like many developed countries, Japan is dying. Their birth rate is among the lowest at 1.3 per woman, well below the 2.2 to maintain a population with a declining population… I don’t know. Short term rentals or hotels may make more sense as the Yen is super cheap. There are a ton of boutique hotels and a ton of tourists.
Where the Americans do have the Japanese beat is cheap, affordable real estate, a culture where the men help out more in raising kids hence their birth rate leads the G7… I’m working on a report to aggregate all of my US research and share it with the community so I can stop having to repeat myself: yes investing in Texas is better than Alberta, yes earning in US dollars is better than Canadian dollars. If you don’t believe me, ask any Japanese bank which currency they prefer or any bank in the world really.
No, I’m not investing in Florida, I luv Disney World and Florida but I despise risk and that includes inflating insurance costs AND hurricanes. I just want to cash flow and make money in US dollars and spend US dollars when I travel.
And I can’t wait to do more site visits to places like Memphis, Tennessee, Las Vegas, Nevada, and Phoenix, Arizona. All fun places to visit AND they all have great economic fundamentals, each with thousands of manufacturing jobs on the way. Again, I’ll work on the US research report so you may compare any of these landlord friend markets, with no rent control against whatever city or province you’re looking at.
My asian dad raised me to always look for the best of the best. In investing, that means finding the most effective investments that get you to your goal of early retirement or financial peace as fast as possible. My research says for most people, most of the time, it’s boring, cash flowing properties, in the sunbelt states, bought right and managed by top tier property management with proper, above board financing.
This is exactly what we’ll be teaching Saturday January 13th at our iWIN office in Oakville which we’ll be available virtually via Zoom as well. Details in our email newsletter and the show notes!
Link to register: https://USworkshop.eventbrite.ca/?aff=iwin
Five Figures Per Month, Feel Good Motel Investing With Victoria Cluney
On with the show! This week we have the lovely Victoria Cluney who has a different journey than most… well at least she is the first career Canadian Armed Forces personnel to be a guest of this show. Victoria shares her journey of how she stumbled into being a landlord by renting out her home when she was transferred by work to different bases, which made great money but it wasn’t until she developed her cottage property for short term rental income did she realise what she enjoyed most.
Victoria is now levelling up into commercial, recreational property, specifically a BRRRR motel in Lunenburg, Nova Scotia a vibrant and historic coastal town known for its unique architecture and rich maritime heritage. The perfect location for a vacation property.
It hasn’t been a smooth and easy journey to success as Victoria shares on today’s episode and I do think this is a good one as more and more, Canadian investors want diversification away from long-term rentals. Commercial is one way to go!
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.
To follow Victoria:
Ottawa InvestHer Meetup: https://www.meetup.com/the-real-estate-investher-meetup-ottawa-canada/
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.