What a strange time to be alive!
One day, I’ll stop saying these are historical times we live in, but I’ll say again, these are historical times we live in.
I’ve spoken to a couple of real estate investors who have lost significant amounts of money in alternative cryptocurrency coins. I find it difficult to reconcile how one invests in cash-flowing real estate because it’s an incredibly defensive and offensive investment, and then place their money into such speculative… I don’t even know what to call them, alternative coins, e.g. Luna coin, which fell from $80 to 2 cents in a matter of hours.
Personally, I’m a believer of the Ethereum and Bitcoin, but I don’t have much because I don’t like the current prices; I own enough stocks I overpaid for, so I’m being patient this time as the risks in the crypto and financial markets are high compared to the reward, so I’m being patient. What I’m not being patient about is pushing our refinancing process through to free up more capital to take advantage of opportunities in real estate, stocks and crypto.
So far in 2022, cash is a winning asset, but I don’t think it will stay that way for long. The central banks in both Canada and US have been very successful in cooling both housing and stock markets.
My crystal ball is no better than yours, but I expect at least two more interest rate increases this year. The pain for some will be great, and that may also be the best opportunity to get into any quality asset for the next who knows how long.
Today reminds me a lot of 2017 when the housing market corrected, and Cherry and I picked up two houses in the 4-500s. There were no competing offers; I had conditional offers. We have since converted both into duplexes, each recently appraised for $1 million. We plan to buy this dip as soon as our refinancing is done.
The nice part of the market today is there are turnkey duplexes available for sale, which was not a luxury back in 2017. Cherry and I are too busy with our lives and prefer turnkey these days, collecting rent and cash flow ASAP, and going back to our busy lives, including watching our kids in sports since they grow up so fast!
When I was a bit younger and had more time, I’d be all in doing BRRRs and renos, but our businesses provide enough cash flow, and we’re having fun hence no immediate plans for retirement.
Everyone needs to choose an investment strategy suited to their goals, those who want to quit their day jobs will have to be more active than Cherry and I. That’s the Truth About Real Estate Investing, AND I have several multi-millionaire clients who invest as a side hustle.
If you’re new to investing, whichever you choose, please start with quality education and have some expert eyes review your deals. This week, I learned of an investor who bought a property from a well-known wholesaler. Unfortunately, the wholesaler did not disclose there was a legal marijuana grow-op in the basement. An honest omission? Maybe but at the end of the day, buyers beware. Verify everything, and do your own due diligence.
This wouldn’t have slipped by my coaches. If we wouldn’t buy a property with our own money, we’ll let you know.
A few other investors asked me how to scale their real estate portfolios when they own pre-construction condos when theirs are negative cash flow. I tell them they don’t. The bank doesn’t like negative cash flow.
If you were the bank, would you prefer a negative cash flow property or a positive one? Definitely the latter; hence I’m able to keep getting more mortgages to buy more real estate, which is in line with our goals.
BRRRs To Pre Construction Condos; Travelling to the Ukrainian Border To Help Refugees With Todor Yordanov
On to this week’s show!
We have an incredible story from my old friend Todor Yordanov, one of the first serious real estate investors I met in 2007, and he’s done quite well for himself.
He’s done so well that he’s progressed to helping others, specifically Ukrainian refugees in Varna, Bulgaria, where he’s from. How his partner Natalia would cry all night when the war broke out, and one morning, they dropped everything to get on a plane to go help.
Today, Todor is sharing how he became a successful investor and Broker, from BRRRR investor to his now focus, pre-construction condos.
As I type, Todor is actually on his way back to help Ukrainian refugees. What a guy!
Todor’s gofundme for charity the Ukrainian Humanitarian Emergency Relief: https://gofund.me/bc23b150
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 Todor:
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.