Financial Planning For The Recession with Kathleen van den Berg

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My first home work out didn’t go well. 

My head was hurting, I was sucking wind, I had to take a seat on the curb while Cherry ran past me several times and completed the whole workout. 

I only completed 40% of the workout which is really less than 20% of the workout since all the benefits are at the end when it’s most challenging.

This was three weeks ago after My 41st birthday had just passed. I love my wife and kids very much, it was just surreal to spend it without the rest of my friends and family.

Normally I don’t drink at all but when this whole social distancing thing started, I’d have a drink each night, everyone else was doing it so why not indulge, it’s my birthday two-week period after all.  At least that’s the excuse I was telling myself.

Then the workout, a chilly sunny day at Cherry’s suggestion.  Really it was more like she wanted to workout, suited up and walked out the door.  She’s a leader by example.

We were doing planks, burpees, kettlebells, running etc… then I gave up and did not finish. 

I can still count on two hands how many workouts I have not completed. The thought of giving up crosses my mind every workout, but since starting Crossfit, I’ve not finished under ten times, each time my body gave up before my mind.

Looking back this was no different, but at the time, thoughts raced through my mind about what went wrong, asking questions: how was my diet, my sleep, how much I’d been drinking?

This was my bottom, while on my hands and knees trying to catch my breath, I vowed, no more drinking, this is over.

Fast forward to this week, I redid the workout that humbled me, I completed the whole thing at a reasonable pace and even beat Cherry at something for once. 

On the weekend while strolling with the kids we stopped in front of our local Play It Again Sports store, they wisely lined up all their home gym products in front of the window.  Cherry called and ordered us more equipment and the store owner of course was grateful to do some business. Support you local businesses!

One of my biggest takeaways from this period is how grateful I am for Cherry.  She’s my rock, my partner in all areas of my life, my accountability partner, we talk Stock Hacking, investing, marketing etc, and thanks to Covid19, she’s home more often to have dinner together as a family.

Here are some updates from our investing!

Our office is now painted, the same office we are calling the Wealth Hacker Hub and future meetup space for Stock Hacker Academy students.  Hopefully it will be ready to host our friends and clients as soon as restrictions are lifted.

We’ve only had two of our 30 tenants not be able to pay rent for April, they just happened to be in the same property, a house with a legal basement apartment so we deferred that mortgage.

While driving this weekend I noticed the we haven’t used much gas this month.  Not even half a tank in two weeks all the while our other car hasn’t moved in weeks while parked in the garage.

With all of our appointments moved online, I called my car insurance company to reduce my insurance to a parked car and they did it no problem.  Sweet! Saving money!

With all this extra time on our hands, Cherry and I have been Stock Hacking a lot more.

Quick update, Cherry continues to cream me. It’s either 4 – 0 or 5 – 0. We’re going to have to stop tracking this soon.  She made a couple thousand US yesterday so no contest, she’ll win this week again.

For those who remember Adriano the electrician, he’s not working either so he’s making a couple thousand each day stock hacking as well.

I spoke to him on the phone just now, he says trading is a life saver. I asked him to think if this was ten years ago and the virus hit and he didn’t have his stock hacking skills.  Yeah, life wouldn’t be so good and Adriano wouldn’t be his usual cheerful self.

We were actually able to convince our skeptical, mutual friend Chris Zavarise of Hamilton, Ontario. 

Chris is one of my general contractors and while renovating one of my properties, hired Adriano for the knob and tube replacement.  That’s how I met Adriano about four years ago.

Chris now is loving Stock Hacking too, we couldn’t convince him to buy real estate but Chris likes this and is up 21% since he took the December class last year.  He does it all from his cellphone.

That is how we roll, have something great to share and we share it to our friends and family. 

Which is why we are proud to offer you all Stock Hacker Academy 2.0.

With all the Grant Cardone stuff we’ve done recently I tell my friends it should really be 10.0 because we are now partnered with Lee Lowell who will be teaching his four required strategies to maximize your return on investment after we hit the bottom of the stock market.

If you don’t know how to time the market or what stocks to pick and how to trade? We’ve got you covered as part of this program.

Students will receive Lee’s newsletter that he’s been writing for the last 15 years in plain English, detailed instructions on his trades so anyone can Stock Hack like an ex floor trader of the New York Mercantile Exchange on Wall St. in the financial capital of the world.

https://www.stockhackeracademy.ca/specialoffer

Discounted pricing ends April 23rd and the program begins April 25th, live streamed to your home. We’re all stuck at home, may as well learn how to make money from home.

Financial Planning For The Recession with Kathleen van den Berg

On to this week’s guest: Kathleen van den Berg, MBA, CLU, CFP.

I think she’s great because she’s one of the rare Certified Financial Planners who recommends owning real estate and she owns a fair amount of real estate too.  I invited Kathleen to come on the show, asking her to share what advice she has for her clients during these historic times.

Kathleen’s bio:

I have the best job in the world … and I have a ton of fun doing it.
I specialize in working with individuals and families to improve their monthly cash flow and build significantly greater wealth compared to their current approach.

Unlike most other wealth strategists, I include real estate strategies as one of the 6 key components in clients’ wealth building plans.

I implement a 6 step wealth strategy system with clients and routinely am able to create over a million dollars of additional income in retirement. 

Subscribe on Android

To connect with Kathleen: 

LinkedIn: https://www.linkedin.com/in/kathleen-van-den-berg-mba-cfp-clu-7b20b258/?originalSubdomain=ca

FB: https://www.facebook.com/KAVWealthStrategies

Web: http://www.kavwealthstrategies.com/

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

🚨Emergency Series EP3🚨 Stock Market Update w Best Selling Author, Godfather of Stock Options Lee Lowell

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Hello Wealth Hackers!!

As you may know, I was dabbling in stock options and had a lot of early success.

So I took a deeper dive, hired a coach who in turn is my stock hacking mentor as he loves to share and teach me outside of my coaching time. 

He was an ex-Wall Street options pit trader for seven years. He left the pit and moved to Hawaii to trade from his home in paradise.

Now he has been trading full time for 30 years.

He’s the best selling author of “Get Rich With Options,” known also as the “Godfather of Stock Options”, Lee Lowell. 

His book was required reading for the original Stock Hacker Academy before attending the course. He literally wrote the book on the subject that became foundational reference material for all past and future Stock Hackers.

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No contact delivered and donated these respiratory masks for Chinese health care workers to local 🇨🇦Canadian front line health care workers. . Keep our local health care workers and their families safe!! I ordered mine from here: Www.yoursafetysupplystore.com from a new friend, a fellow Western (Ivey) grad. . For those questioning my donation: I specify Chinese because when I ordered them two weeks ago, these were not certified for use by North American health care workers till just a few days ago. These are KN95, not N95. . As they were not sold for Canadian use direct from China these never would have made it into 🇨🇦Canadian health care workers hands. Cherry and I went out of our way to pay about 6X more for these so as to not impede local 🇨🇦Canadian supply. So please don’t @ me with unresearched opinions. I was already hesitant to share with the ignorant comments I received on another group. . Yes I paid a lot and I’m fine with that if that means more health care workers can stay in the fight longer. Not all heroes wear capes but theyre all wearing masks these days.

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It only made logical sense we partner with Lee to bring all you Wealth Hackers the all new Stock Hacker Academy version 2.0!!

To register go to  www.stockhackeracademy.ca/specialoffer.

All the details are there and prices go up April 23rd so don’t delay.

The timing couldn’t be any better as Lee predicts the bottom of the stock market at only a few weeks away.

Needless to say, my Stock Hacking game has improved 10X. The skills I’ve learned let me use strategies that I’ve refined while dialing down my risk. 

Lee loves to teach and share his experience and he’s invested through THREE major economic meltdowns and recoveries before the Covid19 related correction we’re in now.

I honestly don’t know anyone I’d rather learn from right now.

In real estate, I’ve always said, a real estate expert has invested through a full cycle.  I’ve been through the credit crisis 12 years ago.

Lee has been through THREE economic cycles, hence his experience in managing risk through the current down turn and how to maximize returns during the eventual recovery has me beyond excited to maximize returns during this recession.

Yes, I love real estate. It’s the best investment in the world, however, the stock market dropped by close to a third and the real estate market in my target areas are on pause as physical showings and open houses have virtually stopped. 

Personally, I’m taking this social distancing time to learn a new skill that will make me money from home. We’re all stuck at home anyways, may as well learn how to maximize returns while we’re here. I can’t even mow the lawn at my investment property right now if I wanted to. 

As always, I love learning something new and sharing, especially with stock prices being so cheap right now and I’m beyond excited to announce the all new Stock Hacker Academy version 2.0 in partnership with Lee Lowell.

The course is entirely rebuilt from scratch in my vision. I’ve taken in all the feedback and lessons from the first course and 10X’d the new 12 month program in order to give our students the highest probability of success.

This isn’t for everyone.

Those who want to learn and are willing to commit to practicing will succeed. Lee and I are here to provide the education. 

Only those willing should enroll, but knowing many of you came a long way in your real estate journeys, Stock Hacking is a brilliant complement.

My wife Cherry and I are trading HELOC money from our investment properties.  All you need to do is take the course and own a smart phone.

As part of the 12 month program you get:

  • A two day live streamed course with Lee Lowell
  • All the recordings so you may re-watch whenever you want
  • Eight weeks of webinars where Lee will continue to teach new strategies and take your questions.
  • Lee’s Newsletter that he’s been writing for 15 years (I’m a paid subscriber and it’s truly excellent, the writing is in plain English, Lee is transparent with his trades). You can really tell he cares about his subscribers and has the skill and experience to limit our risks.
  • Monthly meetups at my offices for the year. I (Erwin) love to network and share, in person is best so we can all network with like minded Stock Hackers, look over the shoulder of a fellow stock hacker to get help, ask your questions live and in person.  Nothing beats in person meetings.
  • Private online support group. We have months of questions and answers and interviews with Derek and Lee posted there. Stay in touch with your community 24/7!!
  • Quick Start Guide my team designed for Stock Hacking purposes! We will take weeks off your learning curve using the mobile app!!

The timing really couldn’t get better, the market is down around 20% and we have other opportunities right now!

The real estate market is on pause till the virus goes away.

Private lending rates don’t interest me when I can stock hack high yield dividend paying companies. Some of my favourite stocks are cash flowing via dividends of 7-10% with equity upside. Why would I private lend? We’ll cover this too in the course. 

We’re all stuck at home anyways so may as well learn a side hustle that requires little time and effort.  

To register it’s www.stockhackeracademy.ca/specialoffer

You’re stuck at home anyways, may as well learn how to make money from home and the timing couldn’t be better with the bottom of the market only weeks away.  The last correction was 12 years ago, don’t wait another 12 years for the next opportunity.

www.stockhackeracademy.ca/specialoffer

By the way, speaking of the Godfather of Stock Options, I proudly present to you my mentor, best selling author of “Get Rich With Options,” Lee Lowell.

Subscribe on Android

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland

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Hello Wealth Hackers,

I’m podcasting to you while in self isolation from my usual place, my home office. 

My fourteen days have passed since we returned from a wedding in Florida, fifteen now at time of recording and no symptoms to report. We got home before all heck broke loose and self quarantine was required so we were just extra diligent about our self monitoring for symptoms while maintaining our distance.

I want to thank everyone for all the birthday wishes that poured in! I’m surprised I didn’t get any hate over what’s going on in the stock market but I did get a nasty iTunes review…

The difference a year makes… last year I turned 40 and Cherry surprised me with a big party at the place that serves alcohol, allows throwing of daggers, axes, and archery.  You just can’t bring your drink into the action areas.

40 something friends and family attended. Fast forward to the present, I enjoyed one of my favourite meals, a whole ton of sushi out of takeout containers at my kitchen table with Cherry and the kids.

No cake, no family and friends, not even my brother, sister and dad who all live within an hour.  My dad is a doctor and my brother has a biology degree so they know full well the importance of staying two meters away from non household members. 

Am I disappointed? Way more disappointed in my stock market losses, but in the grand scheme of things, life is pretty good. 

We have heat, a full tank of cheap gas in my car, we actually have too much food in the house as I’m receiving a quarter grass fed cow tomorrow. 

I read somewhere to compare our everyday life to the King of England in the 1600 or 1800’s. I have a smart phone where I can google the answer to anything, watch cat videos, or Ripley’s Aquarium live stream of feeding their penguins. 

I can get in my car and drive to the local Korean restaurant for my daily support of a local business and take out a lot of fine sushi. My expected life time is likely more than double that of a royal family member from the 1800’s.

My kids are vaccinated for many horrific diseases.

The richest man in all the world in the 1800’s didn’t even have air conditioning, hence physical distancing to me is not a big deal.  

My kids are managing quite well. Our nanny keeps them busy playing board games, doing home work, riding their bikes in the court. 

Kids are so resilient, they have so little life experience that what ever they’re doing they consider normal.

We bring the kids with us to the office that we are calling the wealth hacker hub to inspect the work and plan our furniture layout, colours, finishings, kitchen, most importantly our classroom, as we call it, where we will host our friends and clients.  

Check out on my website www.truthaboutrealestateinvesting.ca or on my Instagram Erwin Szeto for my kids chasing the laser from my laser measure.

When sports are back on, I’ll have an 8 foot projector screen to watch the game with friends, talk real estate and stocks.  It will be legendary.

Anyways, my kids will grow up thinking it’s normal to invest in the stock market, real estate, commercial real estate, etc…

They’ll understand economics, sales and marketing, risk management.  All the basics of being an investopreneur.

They’ll grow up thinking being one’s own boss and owning assets is the path to financial peace vs. going to university and get a good job and pension.

There’s nothing wrong with that path, my baby cousin is on the path as he’s now a member of our Canadian Armed Forces as an aircraft mechanic and I couldn’t be more proud.  However I’m raising renegades who will have no boundaries.

On to something about investing! We are finally turning around our stock hacking investments. I am down close to $40,000, however last week was neutral.

I just transferred more cash to my trading and account and we had a wonderful surprise, my wife Cherry funded her account and made a nice and tidy four figure return in USD, all realized profits.  

We are having a friendly competition of he vs. she trader and she’s ahead of me this week as well. 

It is anyone’s guess which way the stock market goes from here.

My best guess is we are a few weeks away from the bottom, things could get worse, yet I have positions that will profit in all markets, including having bought shares in a little company called Zoom.  A lot of you working from home are likely now familiar with the company.

More on the all new Stock Hacker Academy version 2.0 with the Godfather of stock option investing next week.

Quick announcement, we have moved our highly demanded free training sessions on the #1 investment strategy in real estate online. 

Normally we sell out in hours of an email going out. The room we reserved can only hold 50, as per fire code. However the show must go on.

This strategy, that will protect you in down markets and accelerate your returns in up markets, is a must know.

For now these classes are free, social distance friendly and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

In the real estate world, the top 2 concerns are tenants not paying rent and to defer mortgage payments or not to defer.

Our JV partner went ahead and deferred one of our mortgages for six months with one of the major banks.  All she did was phone in. Wait times are long but it was pretty easy.

Please do be sure to read and understand what you are doing. The best terms I’m hearing is the deferred mortgage payments are spread over the remaining years of your entire mortgage and not just the term, which to me is fantastic. 

All lenders are different, so get your info directly from the lender. I’m lucky to be part of the iWIN community, so I’ll get all the real world updates.

Do keep in mind your other expenses: property taxes, utilities, phone, car. I’m hearing deferrals available everywhere should you be in financial distress. 

Take care of your mental health, yes, however, taking care of your financial health will greatly improve your stress levels.

🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland

Tenants under financial distress and their ability to pay rent is the subject of this week’s interview.

This is the first in a series of emergency webinars. I’m asking friends who are leading experts in the community for favours to come on my webinar and podcast to share what they are doing, starting with multifamily expert and investor Sarah Coupland.

She is a talented multifamily investor, owner of https://tagproperties.ca/ with over 10 years experience. Sarah’s a friend, my regular go to for tenant challenges, and when you listen to this interview you’ll understand why. 

Download the letters to tenants here:

Letter for Hamilton Tenants

Letter for Kitchener Tenants

Letter for St. Catharines Tenants

Without further ado, I give you Sarah Coupland.

Subscribe on Android

To follow the Infill developers:

TAG Property Management: https://tagproperties.ca/

Sarah’s website (coming soon): www.sarahcoupland.ca

Instagram: https://www.instagram.com/couplandsarah/?hl=en

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Building Income Properties on Free Land with the Infill Boys

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Hello my self-isolated Wealth Hackers!

We too at the Szeto household are self isolated. Sort of. My kids still play in our court riding their bikes but we’re washing their hands and faces when they come back into the house.

With libraries and community centers closed, the kids are finding it challenging to find things to do.  On Sunday night, my daughter’s bangs were getting long so I gave them a trim.

Monday morning, she walks into my office and she had cut a whole bunch more of her hair off.

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I don’t know how we last three weeks. And who knows when we get back to school 🤣🤣. I’m not complaining. It’s always been a gift to be able to work from home as much as I do.  

I’m sorry I keep saying it but what historical times we live in…

Just an hour ago I had to talk an iWIN client and member off a ledge as his parents are advising him to stop using debt to renovate and add an income suite to his 2nd investment property, to avoid risk and hoard cash. 

Let’s call him Joe.  Joe is like a little brother to me and even though I owe him a duty of care as our real estate client and iWIN member, I didn’t mince words.

I told him to get the B**** rented. Risk? What risk is there if the place is rented and you’re cash flowing let alone making mortgage payments. 

You want to talk about risk, how about only having a single income as a job, to me that’s risky. And worry about inflation. Everyone saw the Bank of Canada cut interest rates again.

For those who kept reading the news, they’ll have noticed that OSFI, the government agency that regulates our banks, reduced their capital requirements of the big six banks so they could effectively lend out another $300 billion dollars.

Cheap money and more money means inflation so grab a hold of your hard assets.  Some gold and silver is great as insurance, no different than having some US dollars and cash of the paper variety.  There is also real estate, of course.

Yes, there are definitely those out there who are fearful as they experienced high interest and hyper inflation.  I personally don’t expect it here as that would cripple our economy and bankrupt a lot of Canadians. Something no politician wants to do.

My final words to Joe were that this is the time to double one’s efforts.  Vacancy rates are so low I even suggested he start advertising the apartments right away so he may collect rent sooner.

Speaking of doubling efforts, my team is not sitting back. We are innovating and moving what we can to online, including creating our own virtual tours with permission from sellers of listed properties. 

Our free training classes of the #1 investment strategy will be online. On a positive note, we can admit a lot more people into the webinar because we have less restrictions on room sizes and fire code.

Our monthly iWIN meeting will be moved online as well and I will still pay our AV guy Angelo because he’s a great guy and he just had his baby. I’ve asked him to still DJ the online event. I don’t know how that will work but if I’m paying, I want him to work 😊.

Our coaches will still be showing properties and looking for investments for our clients.  Our real estate board was kind enough to send out tips on how to stay safe.  

Besides investor Joe, there are investors out there shopping or who are ready to shop.  One of our clients was offered 2.6% variable rate mortgage on an investment property.  I would take that all day. lol!!

For the passive stock investor, there are already many great deals out there.  One friend of mine is buying stocks, 10,000 dollars at a time each week as he is a long term investor and he’s not trying to time the bottom like I am. 

I’m a long term real estate investor as timing the market has cost a lot of people a lot of money, so I buy houses when I have capital.  I made more of an effort in 2017 when the real estate market was soft right after Ontario’s Fair Housing Plan came into effect.  My guess is we’ll experience the same very soon as people are staying home and not shopping for property.

Quick update on my stock hacking, I’m down over one third of my initial capital so you’d think, ‘don’t throw good money after bad,’ right? Not us! Cherry’s account is now funded so we are both day trading which has been working out great as we are implementing strategies for a down market and we’ll be eventually moving even more line of credit money for bullish trades on Canadian dividend aristocrat stocks and the S&P 500 index.

Yes it does suck to have lost as much as I have, but I’m really excited for these next few weeks, maybe months, for the eventual reversal and ride the wave back up.

I missed out in 2008/9 which I regret, but this is also why we started and rushed out Stock Hacker Academy as I knew this was coming and I’ve never been more prepared.  

I’ve said many times, those with cash and credit win in downturns.  I’ll add to that, know how and hustle. It’s why Cherry and I continue to invest in our education and receiving coaching…

On to this week’s show!

Building Income Properties on Free Land with the Infill Boys

We have good friends of mine, Andy Tran, who I’ve been friends with since 2008, Charles Wah, I was in his wedding party, and Steve Ford, who is a newer friend, client and he’s the general contractor for our new office!! What a coincidence that they happen to be real estate investors too!

They are a team of three who are passionate about infill development projects, and are currently involved in several projects in the Golden Horseshoe. Each one of us brings a unique set of skills and experiences in development, design and home construction that can help you bring your project to reality.

Andy Tran has designed over 160 income suite conversions

Charles has developed land including over 150 houses

Steve has supervised the construction of over 1,000 houses.

They know their stuff, being personally invested in small residential developments, and are here to share how, including the #1 question: the cost to build per square foot plus all the fun soft costs.

Here’s the infill boys!

Subscribe on Android

To follow the Infill developers:

Web: https://www.infilldevelopments.com/

Development course: https://www.infilldevelopments.com/indepth-training

  • Discount code IWIN for $400 off!!

Instagram: https://www.instagram.com/infill_developments/?hl=en

Facebook: https://www.facebook.com/infilldevelopments/

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard

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Did anything happen this past week?

Anything of importance affecting life, the economy, real estate?

No? Nothing?

Good, then let’s just skip straight to this week’s guest. Lol.

At least we will see some cheap gas prices at the pump! I jumped the gun and filled up on regular gas at 93.9 cents/L, an hour later it was below 90 cents.

I haven’t seen gas prices like this since pre Hurricane Katrina in 2005. I remember when all the gas stations had to update their signs to accommodate an extra digit as gas prices skyrocketed and never came back down below a dollar. 

Cheap gas is great for more disposable income for the rest of us, but bad news for Canada’s energy sector in Alberta and Saskatchewan including delayed investment, job layoffs, more hits to their economy.

I’ll make sure to reach out to my Alberta investor friends of this show to get their insights into their local real estate markets. One of them, Edmonton investor Jared Hope shared how he just got a 2.59% mortgage for 5 years and is happy about that!

Some of you may have noticed we missed a podcast episode last week.  Even though my family and I were away for a wedding, my team and I had the episode ready however our guest had to postpone her event she was promoting that included me as a speaker. So sadly, we will have to redo what was an awesome interview when we have new dates to share.

The event was planning to host a few thousand however based on studies of Coronavirus, staying away from large enclosed crowds makes a lot of sense.

The stock market is way down. I actually think it has more to give as we are only learning now how infectious this virus is. 

Long term, I do believe this too will pass but the pain in the next three to six months could be significant as our hospitals are overwhelmed, factories are temporarily closed, and we can’t buy goods including prescription drugs.

I did just spend $644 at Costco yesterday on food plus socks for me that were on sale.  No toilet paper though, but we have lots since I buy it whenever it goes on sale. 

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Bringing it back to real estate, it doesn’t take much to spook the market. There were very few buyers out there immediately following the Housing Fairness Plan.

I remember when I was looking for a property to buy in a great area, great condition, separate side entrance for easy basement suiting for a 2nd rental income. Three months earlier, that open house would have been a zoo, at least six or more offers. At the open house there was no one. Just me and the two listing agents.

I made an offer for under asking price with five business days for both financing and home inspection conditions as I was the only offer. The selling agents were great to deal with as I was their only “customer,” so nothing felt rushed. I even got a price reduction for some unforeseen stuff I found during the home inspection. 

Fast forward to today and my team of investor Realtors have told me about 4,6,9, even 21 offers on a single listing. On one of our listings we have 2 offers on a property that was listed exclusively. That one went well over asking too.

My guess is we will see some softness in the real estate market when people are scared to buy a new house or they will be just too busy taking care of their kids due to school closures for Coronavirus.

If we didn’t just buy our office, I would be readying our mortgage qualification documents, ready to pounce on opportunity.

No different with stock hacking. I’ve transferred cash and patiently wait for opportunity. Cherry is opening an account too so we may both learn from this experience and hopefully create significant wealth like Brian Zammit, a past guest of this show who was able to retire his wife and stop working a job in 2011.  You better believe I’m in regular contact with Brian Zammit and my coach.

This show has never been about getting rich quick or no risk or no effort, but rather the truths about investing.  Yes, stock investors are losing money right now and, no, it’s not fun. I won’t be surprised if real estate prices decline or that we see another recession. 

The other truth is I regret not having the knowledge of how to take advantage of the market correction in 2008 because I didn’t understand how it happened at the time.  So I took responsibility that would never happen again. I’ve gotten myself educated, surrounded myself with the right people to be ready for this moment.

The year 2020 will be one to remember as both a terrible year and one of opportunity. I just hope you all stay safe, wash your hands, stay healthy, and make a massive difference for your financial futures.

Now, on to this week’s show!

Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard

Jamie and Leslie Collard are a husband and wife team who have spent the last few years building financial freedom through real estate acquisitions.  Their focus in the past year has been on apartment buildings with an acquired 73 units.

They were able to “retire” before turning 40 years of age and now, they have the freedom to spend more time as a family, travel when they choose to and have no worries about their financial future.

Throughout their journey, they have become passionate about sharing with others how they used real estate to build their wealth. Because it was a challenge for them to learn the high level investment strategies in the business, they have created their own education series that will allow others to learn from the experts in the field.

Aaron Collard is their 15 year old son and wait till you hear what he’s up to.

Without further ado, Jamie, Leslie and Aaron Collard!

Subscribe on Android

To follow the Collards:

Web: https://www.collardproperties.ca/

ADVANCED COMMERCIAL INVESTMENT CONFERENCE:  https://www.collardproperties.ca/seminars

Facebook: https://www.facebook.com/groups/665392684003319/

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart

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What did you do this weekend?

Our family made the best with yet another teacher strike day for an over night ski trip at a friend/s cottage.

Vacation properties sure do seem like a good investment these days.  Even though this is a highly seasonal business, the income from summers and winter snowmobiling season seem to make it worth it.

My friend’s cottage is particularly interesting as it’s a wide lot so she’s looking into having it severed and building a rental property on it.  It’s really interesting stuff to the real estate nerd such as myself.

My friend Monica and I are also really into stock hacking so we jumped in on a volatile market on Friday.  Then Monday came and the financial markets pulled back a couple percentage points. It’s days like this I appreciate my very boring real estate portfolio. 

Yes I had to order a new dryer over the weekend after one died and it’s a nuisance but the returns have and continue to be phenomenal. But you know what, both investments have way more good days than bad and as I learn more, I’m figuring more ways to add to my income. 

Plus all us veteran real estate investors know what we all do when the real estate market pulls back like it did in 2009 and in 2017. That was to buy more as the fundamentals were all in place.  I just look at the traffic on the roads, the packed Go Train parking lots, the packed shopping mall parking lots, my forever increasing rents and prices at all my properties to know where this is going.

I actually got into a conversation with a very old friend about his family cottage.  The family sort of lost access to use of the cottage as his brother in law, moved into the family cottage with his young family.  I can’t blame him, he’s young and affordability is off the charts.

Cherry and I have personally resigned ourselves to the fact we will have to cover 90% of the housing costs for our kids. I see no other way with the path Canada and the GTA is on.  Job income has kept up with inflation rates but real estate has completely outpaced incomes and inflation. So as long as my kids’ housing is mostly taken care of, they don’t have to be mortgage poor. Life is about living and collecting experiences, not about existing to pay bills.

Stock Hacking update. 

For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus to trade till after the conference. So since the conference has ended, I am averaging around 11% in the last 11 weeks.  That is gross and not annualized and that is cash money.

However, now with the Coronavirus causing all sorts of issues, the market is down over 10% and I’ve given back all my gains and then some. Those are unrealized gains and I have not closed any positions. I’m actually adding cash to my account to enter more positions to take advantage of the eventual return, no different than the housing correction in 2017. 

My lesson from the last recession in 2008/9 was we did buy one house, but my regret is not buying more, as you all know what rents and housing prices have done since 2009.

In 2017 after the Provincial Fair Housing Plan came into effect, I invested in two houses and suited both basements. It was wonderful to be the only offer on these MLS listings, offering prices below asking and including inspection conditions.  Hindsight being 20/20, these investments have worked out wonderfully as rents are up and my property values are up as prices have now exceeded the peak of 2017 in my market.

Back to Stock Hacking, I may have to own some stocks like Microsoft, Nike, and Starbucks. In my humble opinion, they’re not going bankrupt and I’m hoping to get some stock at 20 – 40% discounts. Am I happy about the downturn in the market or my unrealized losses? No.  Do I see this as an opportunity? Absolutely.

Here’s a quote that runs through my head in tough times “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett. The quote works in real estate too, in my experience, I’ve seen buy and hold investors create more wealth than flippers.

We have some exciting announcements coming soon for Stock Hacker Academy: intro to options for non Finance professionals. Cherry and I have been reading books, we each hired a different coach and as always looking to bring everyday people the best of the best to help them be successful.

Partnering up with the God Father of selling stock options, we’re going to deliver a brand new Introduction Course.  Stay tuned for super exciting announcements on Stock Hacker Academy 2.0.

In other news, following the completion of the Advanced course, Cherry and I and iWIN have no future plans to partner on projects with Theta Trading Co, Matthew and Omar.  We would like to take this opportunity to thank them for their efforts and wish them all the best.

I’d like to also say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy.

We just had our fourth sold out class and we’ve only just started March.  I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in.

Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person. 

For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

And yet another cool announcement, I’m speaking at this year’s Haste & Hustle event in Toronto on Wednesday April 1st. I get to share a stage with Sir Richard Branson. No joke! The speaker list is a knockout lineup of entrepreneurs and change agents sharing their insights and experience. Click here to get your ticket and use the code WEALTHHACKER for 15% off. Haste & Hustle is Shauna Arnott’s big event. Shauna also helps us with the Wealth Hacker conference and we’re so thankful to have her on our side.

Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart

On to this week’s show!

“Mike Rosehart is Canada’s Youngest Early Retiree, an Ivey Business Graduate, Youtube Social Media Influencer, Entrepreneur, and a Real Estate Investor in London, Ontario with an 8-Figure real estate portfolio comprising of over 50 buildings.

Mike is an expert Joint Venture Strategist with a wealth of experience in finding off market private deals, flipping, renovating, and managing the bottom line – focused on cost control and maximized return on investment.

Starting from humble beginnings without a dollar to his name, Mike bought his first property at 19 and built his portfolio up to over 17 properties by the age 24, using the BRRRR Real Estate Snowball Method.

He retired from his day job as a Senior Analyst in IT Business Consulting in 2017 and has been enjoying Financial Independence ever since. Mike believes ANYONE can unlock F.I.R.E. and that Real Estate is one of the best vehicles to expedite the journey to freedom and maximize returns through leverage (cheap debt).

Mike believes the secret to building wealth is simple: Spend Less, Earn More, and Maximize Returns on the difference.”

Subscribe on Android

To follow Mike:

Instagram: https://www.instagram.com/mikerosehart/

Facebook: https://www.facebook.com/mike.rosehart

Youtube: https://www.youtube.com/channel/UCe56q2OeCxBHreMzwiK82Ig

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr

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Hello Wealth Hackers!

Happy (belated) family day and for my fellow Ontarians, happy strike and PA days.  I do have to start off by saying thank you to my public schools and teachers.  We have more labour peace when I was going to school and because of it, I know how to ski.  My parents didn’t ski so it was our public school that took us skiing and organized our lessons.  I mention it because I’m just getting back from a four-day week that included yet another PA and family day at a friend’s cottage in Huntsville. 

I’m not a fan of winter cold but enjoy sports and being outdoors.  More importantly I want my kids active and knowing how to ski so they can ski with friends when they are older.  Cherry my wife signed the kids up for lessons and they both did great. Cherry got lessons too as this is I think her third time on skis.

Learning to ski as an adult is way harder. With our largest mass, gravity pulls us down the hill faster and higher center of gravity makes balance harder and the falls much worse.  

OK, warning, proud parent moment.  My oldest Robin was phenomenal. By the 2nd day she was skiing down entire runs independently.  By the third day, she was learning how to do parallel turns and we rode the “red” chair lift together a few times  which was significant as it went to the more challenging runs and away from the beginner hill where all beginners were learning to ski.

While riding the chair lift together, we had some time to chat, I explained to Robin how proud of her I was.  She was proud that she’s better than her mother, I explained she’s better than I was at her age but she needed context.  Robin had three, one hour long private lessons in three days. Mom and dad never had the same privilege. None of her grandparents ski nor took us skiing so I learned in group classes at an older age on school trips.  I asked her if she thought group classes or private lessons are better and which cost more. She replied with the correct answer, I told her it’s the same with her private swim lessons and I let her know how her parents didn’t have the same opportunity which is why she’s the better skier.

Stock Hacking update.  For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus on trading till after the conference so since the conference has ended, I am averaging around 11% in the last 11 weeks.  That is gross and not annualized and that is cash money. I can spend these returns. Understandably I am extremely happy with these results and am inspired by the students of the Stock Hacker Academy. Stay tuned for the next course offering! 

I’d like to say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy. We just had our fourth sold out class and it’s only mid February.  I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in. Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person.  For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass

Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr

Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years. 

Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year.  Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes.

Ryan has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.

Subscribe on Android

To follow Ryan:

R.W. Carr Investment on Facenbook: https://www.facebook.com/rwcarrinvestment

R.W. Carr Investment website: http://www.rwcarrinvestment.com/

R.W. Carr Investment on Instagram: https://www.instagram.com/rwcarrinvestmentco/?hl=en

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Investing For The Golden Years, Applying to Live in Space with Karen Cumming

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This is a real estate podcast so I guess I should talk about real estate once in a while 😊

Cherry and I purchased the biggest real estate deal we’ve ever done. A commercial office condo in Oakville that will be home to our businesses in Accounting, real estate and Stock Hacking to meet with clients, host meetings; teach, network and coach current and future wealth hackers.  We’re playing with names such as the iWIN Hub. A coming together, one stop shop of awesomeness in the most effective ways to invest.

Commercial office space is a different investment.  We got a great deal on our space, it’s over 4,000 square feet and as we duplex most of our investments, we have doctor tenants who currently rent half the space to help cover our mortgage.  As this is the biggest investment we’ve ever made, it’s also the largest and most expensive long term mortgage we’ve taken on.

Like all investments, we are excited, overwhelmed, and scared.  Yes scared. It’s not like our regular residential real estate where we renovate to suite basements or make ready for university students and the rents cover all our expenses leaving us with cash flow.

In this case our businesses have to generate additional income to cover the majority of the mortgage payments plus all the operating costs of a commercial space.

Plan B if we fail is a sizeable negative cash flow if we had to rent out the space.  The combined rent would not come close to covering just the mortgage. Plus we would likely have to redo our already expensive mortgage for a more expensive mortgage if we the owner did not occupy the space.

Like any and all investments we’ve done such as the Wealth Hacker Conference, the ugly house with bad electrical and leaking basement I didn’t have inspected, bought firm without Cherry knowing.  And the next Wealth Hacker Conference this coming November 2020, we move forward in fear. Our vision of helping 10,000 Canadians become millionaires by investing in real estate and stock hacking is bigger than our fear.

My goal of leaving $10,000,000 to the Hamilton Basket Brigade is bigger than my fear so we push forward through fear.  That same $10,000,000 we leave to our registered charity will be invested via stock hacking to provide a 10% yield of cash flow to provide the poor children of Hamilton warm clothing, food and toys each holiday.  10% of 10,000,000 is one million dollars. So what if we are afraid? The outcome is bigger than our fear and we don’t 10X without this risk.

The great thing is I know we’re not alone. I have an unbelievable partner in my wife Cherry, my team at iWIN Real Estate.  Cherry’s team as her Accounting practice. We have all our clients, students of Stock Hacker Academy, attendees of the Wealth Hacker Conference who hopefully will tell a family member or friend about this podcast if they want to take control of their financial future.

Or if they are beyond the interest stage and want to learn more, we are currently offering FREE training classes on the #1 investment strategy.  The same strategy that’s been discussed a million times on this podcast and practised dozens of times by our clients, my team and myself personally.  These classes are newer so they will be free for now but we will be charging soon so please don’t delay, we sold each and every class in less than 48 hours.  The first two were an hour and three hours each… all the Feb classes are sold out so don’t delay. 

Go to https://www.investortraining.ca/freeclass

Investing For The Golden Years, Applying to Live in Space with Karen Cumming

This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming

You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv – a station based in Hamilton that also serves Niagara and the GTA.  Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.  

There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.

Karen is one of what’s known as “The Mars 100” – 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One. 

Long before her space adventures, Karen became involved in real estate investing back in 2008.  You remember – the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.

Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario.  Soon after, she joined the Real Estate Investment Network – “REIN” – in order to learn what she needed to know about becoming a successful landlord.  Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.

Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.

Here’s where things really get interesting.  Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.

She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life. 

Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.

They felt ill-informed and ill-equipped to make the decisions that had to be made.  And they knew that they weren’t alone. Thousands of baby boomers across Ontario are in the same boat.

In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.    

It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” – now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.

Karen …. Welcome to the podcast.

Subscribe on Android

To follow Karen:

The Indispensable Survival Guide to Ontario’s Long-Term Care System: Practical tips to help you and your family be proactive and prepared by Amazon.ca

Learn more: https://www.amazon.ca/dp/022882091X/ref=cm_sw_em_r_mt_dp_U_aIcrEbGXS5VHH

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – 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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook

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Hello Wealth Hackers!!

Tonight is date night!! Yes, tonight Cherry and I will have our schedule date night tonight and I’ve planned for us to become Marvel Avengers to save the galaxy from whatever galactic evil is trying to destroy earth.  In virtual reality 😊 No I’m not crazy, not more than usual. If you’re not familiar with virtual reality games, we’re going to Rec Room, a Chucky Cheese for adults with games, food and drink. 

For this particular game in virtual reality, we wear a headset with a display and earphones to immerse us inside a game as if we’re in this virtual world.  I just watched the trailer and it looks like we get outfitted with Black Panther suits and fight Ultron along side all my favourites: Hulk, Spiderman, Iron Man, etc…

What’s funny about super heroes is they are all reluctant heroes.  At some point, the all gave up their responsibilities that come with great power. As you know, I adore super heroes, of course I have no power but one day a switch went off in side me I had to stop playing small in order to help more people. 

It’s partly what drives me to make this world a better place through educating every day Canadians to take control of their financial futures. And of course to fight my arch nemesis: child poverty and hunger via our registered charity the Hamilton Basket Brigade.  It’s not easy but someone has to do it.

If anyone out there is looking for a romantic partner, this is how supportive my wife Cherry is of me.  Tonight at 6:30pm at the Mississauga Library, we have another sold out free training class with 85 registered to learn about #1 investment strategy of basement apartments. 

We practice it. It’s the highest return on investment strategy there is. My team and I have implemented dozens of them ever since they were made legal and likely to have done more of them in our target investment neighbourhoods than anyone else.

Cherry is so supportive, she’s coming with me while I give my portion of the presentation then we may go on our date night.  Cherry values date night over gifts so this is really important to her but she’s willing to make this sacrifice for my business.  Pretty cool eh!

If you’d like to be at the next free training event on the highest ROI strategy please going our invite list at https://www.investortraining.ca/freeclass.

Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook

Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate.  His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200.  Fast forward to today and this same townhouse is selling for $399,000.

The moral of the story, don’t be stricken by fear as it will cost you. Since then Chris has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals.  His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted.

Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf.  Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.

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To follow or Connect with Chris:

Facebook: https://www.facebook.com/chris.hook.14203

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – 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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

How to Build a House in 30 Days with Kaush Nanubhai

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Hello Wealth Hacker Nation!!

We had our first free training class teaching the number one real estate investment strategy this past weekend.  The first class sold out in 30 minutes which resulted in a wait list of over 250. We then sent an invite just to the waitlist for class #2 which sold out in hours.  Numbers 3 and 4 will also be to the waitlist and by then hopefully we can offer up free training classes again to all of you on my email list again.

At the class, my team shared the how to’s of investing in real estate specific to basement apartments, a strategy implemented by almost all guests of this podcast, myself personally, and the majority of our clients at iWIN Real Estate.  In case anyone does not already know, I own a real estate business that helps everyday people from the Greater GTA invest in real estate. We treat our clients like family setting them up with the same power team of professionals we use personally to give the highest probability of success.  

If you or your friends and family are interested in learning the best practices on investing with the four time Real Estate Agent of the year in 2015, 2016, 2017, and 2018.  Add to that all the lessons we’ve learnt from over 100 of the top investors in the country from producing this podcast. We’ve helped people with no experience grow to portfolios of ten or more properties.  If interested, you can register at www.investortraining.ca/freeclass

How to Build a House in 30 Days with Kaush Nanubhai

Speaking of successful clients, we have Kaush Nanubhai returning to the podcast.  When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto.  Fast forward to today, he’s quit his day job and gone full time real estate investor. Kaush is here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver.  The house is currently being finished on the inside, including adding a basement apartment.

This basement apartment strategy sure is popular!!

Without further ado, I give you Kaush Nanubhai.

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To follow up with Kaush

Email Address: knanubhai@gmail.com

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

  • Profiting in a HOT market…
  • Municipal bylaws to watch out for…
  • Mortgage terms that favour refinancing…
  • AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

infinitywealth.ca – 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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/