Hello Wealth Hackers!!

This is the truth about real estate show and our show title couldn’t explain better what it is we do here.

Thank you listeners and thank you guests of this show, September is a new personal best for us in downloads and our top episode is not what one would expect.  The episode with stock hacker Matthew Todman is already one of our most downloaded episodes ever and we did not spend much time talking about real estate.

Matthew is a serious real estate investor having 10 investment properties. To give that number of properties context, past guest of this show, Dion Beg, who is a mortgage specialist to investors, told me around 10% of his clientele achieve 10 or more properties. This coming from someone who only works with investors. What’s interesting is how he raised the funds for his down payments: selling stock options on safe stocks. Have a listen, as he explains it much better than I do.

Update on my Airbnb, as explained last episode, my September rents were projected to fall under that of a single family home.  Like many investors, we have lots of equity as we’ve been investing for quite some time with ten properties, so selling one in the pursuit of more cash flow is not the end of the world.

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Once in a while I get offended. Good friend Susan White Livermore only brought @millionaire_mom_enterprises shirts for the ladies of our mastermind so we piped up “where’s ours?? We look great in VNecks thank you very much!” Guys can be investor babes too!!

A post shared by Erwin Szeto (@erwinszeto) on Sep 27, 2019 at 5:40pm PDT

I’ve shared this story to my mastermind group with some of the top investors in Canada and at the KWCREI meetup up. Thank you Doug and Anna for having me out to share. Surprisingly, no one disagreed with my decision. Well, one friend did, but when I clarified there was not an affordable option to legalize the basement into an apartment, she agreed and now she too wants to learn more about stock hacking. LOL.

Speaking of learning, to quote Warren Buffet, the most successful investor in the world, “the more you learn, the more you earn.”  My wife, Cherry, discovered Warren’s cartoon series for kids and it’s awesome! We don’t let our kids watch much TV. It’s not the easiest, as we have to then be more active parents, but when we discovered this cartoon series by the Oracle of Omaha, we had to give it a try.

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Now this is screen time my kids can watch! @officialwarrenbuffett Secret Millionaires Club!! My youngest already said it’s awesome!! . Credit to @realestatetaxtips for finding the show.

A post shared by Erwin Szeto (@erwinszeto) on Sep 29, 2019 at 2:44pm PDT

The show is called Warren Buffet’s Secret Millionaire Club and it’s all free on YouTube or its website. Link: https://www.smckids.com/ The challenge with the website is I can’t get it to broadcast from my phone to TV. How lazy does that sound?? I’ll plug in my laptop next time, as some of the ads YouTube was showing before a children’s cartoon were quite questionable: ads for upcoming horror movies… smh.

In the show, Warren leads a small group of three young people as they figure through business challenges faced by young people. The first episode is about an unsuccessful lemonade stand. Warren runs down a checklist to figure out the problem and, spoiler alert, the lemonade stand is located on a low traffic street. Warren explains why a high traffic street would produce better results.

Each episode is short. We plowed through about seven episodes, and by the time we shut off the TV, my kids were repeating the “more you learn, the more you earn” catch phrase. Most of the time, the youngest mixes it up and says the, “more you earn, the more you learn”. 🙂

Quick update from my own investing, my ugly house that I bought without seeing that got Cherry really pissed at me: today the basement is being spray foamed, so we asked the tenants to not come back until after dinner. We also had a delivery of two brand new stainless steel fridges. The delivery folks will take the doors off the fridge, but I didn’t have anyone attend the delivery to take the front door off it’s hinges. Sigh. It is what it is, so I hired my property manager to take care of the property while it’s partly vacant.

He’s also the same person leasing out the remainder of the home as a student rental, so fingers crossed we can get it fully rented to cover those steep, B lender mortgage rates! Ironically enough, Warren Buffet is a mortgage share owner of the mortgagee.

My AirBnb is being listed this week. I had two of the coaches on my team provide me what they think I should list for and, not surprisingly, they independently came up with the same number. I’m selling it furnished, which is uncommon, and I am sending in Jacqueline, the same stager who furnished the house, to add some final touches for staging.

Even I learn something new everyday. Even the nicest furnished homes require some staging, Jacqueline tells me she’ll add around 12 items: plants and decorations. I put books and plates and cups on my coffee table at home. Most people keep those spaces clear when selling, but when staging, she will decorate working surfaces. I’m such a nerd, I find this stuff fascinating. The path to success is measured in inches, not miles.

Continue to be open minded and willing to learn everyday. Having Jacqueline, my stager, go also saves me a trip :). She has a detailed eye and will let my handman know to take care of anything touch ups necessary.

Update from the stock hacker world: as my wife always tells me, I’m over thinking it. LOL. My trades continue to be good ones as I continue on a positive trend with 6% returns in about five weeks and my cash flow is now $921. I have to be assigned shares as my low risk strategy is working out. Much credit goes to my friends who are experts: Omar, Matthew and Shawn who have all been trading for 12 years. Disclaimer time: I’m not recommending, only sharing what I do. If you want advice, please seek the advice of a licensed professional.

Just yesterday, I was on a guest of a podcast showing officer Dave Knight of the 911 Wealth Network how I do a trade. From my smart phone, I sold a put on Enbridge and was paid $84 to do so. The $84 is deposited to my account, then I put my phone away. It took me less than 15 minutes. I’ll check in again in the afternoon but just to see how the market is doing, and put my phone away again.

Needless to say that’s the easiest $84 I’ve ever made in my life, and I can not wait to scale my portfolio up to earn more passive income. As an added benefit, I consulted my Accountant for the tax handling of options income and I’m quite happy with it. Please check with your Accountant. 🙂

For anyone interested in learning more about stock hacking, my expert friends Omar and Mattew and sharing this little known secret on November 9th at the www.wealthhacker.ca conference. As an added bonus, if you use the promo code “stock” we will send you an exclusive video of a private presentation Omar and Matthew did for my members only iWIN group. All you need to do is go to www.wealthhacker.ca and just before selecting what level ticket you want, click on the promo code blue hyperlink and enter “stock”.

Or use the direct link in the show notes:
Link: https://wealthhacker.eventbrite.ca?discount=stock

If you don’t like stock hacking, well, I was the same. Then my friend Shawn sent me a YouTube video from 2014 of Robert Kiyosaki, author of “Rich Dad, Poor Dad”, explaining how every professional investor needs to know how to sell stock options along with investing in real estate.

Here’s the link: https://www.youtube.com/watch?v=kfM_wKZ15dI

Selling My AirBnb To Fund My Stock Hacking & the Rent to Own Queen Rachel Oliver

On to this week’s show which has been a year in the making!

Rachel Oliver is an award-winning investor and co-host of Mothers of Real Estate TV Show. After 20 years in the corporate world, Rachel retired from the rat race to spend more time with her family and to invest in Rent to Own properties. Today, she is affectionately known as the “cashflow queen” because she helps investors profit with Rent to Own properties — without the headaches of being a landlord. She is also the author of an Amazon best-selling book, Rent to Own Essential Guide for Homebuyers. Together with her husband (Mr. No), Rachel owns and operates Clover Properties, one of the most reputable Rent to Own companies in Ontario. Connect with Rachel at Rachel@RethinkRentals.com

Host notes: pay special attention to husband Mr. NO, Neil Oliver’s, role and how Rachel gets her leads, and their qualifying criteria. The Oliver’s are extremely good at what they do.

Are you newer to real estate investing or unsure of what to invest in next?

Would you like to know where the best areas to invest are near the GTA for the best return on investment?

Then you’ve found the right place as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.

My name is Erwin and you may know me as the host of this podcast and I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.

My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible.  You are welcome to use any professionals and contractors you want but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.

If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients features on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.

After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of.  As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city. 

You can’t get financing? You’re in luck.  My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.

For any of the above, go to www.truthaboutrealestateinvesting.ca/contact, fill out the form and one of the coaches I’ve personally trained will get back to you.

You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws.  If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman.  They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor. 

If this interests you, go to www.wealthhacker.ca/stock 

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Hello Wealth Hackers!!

I hope you are all healthy and wealthy, growing and taking care of all aspects of your lives. It’s great so many of you are looking to 10X your businesses and investments, but don’t forget to 10X your relationships and personal life.  Eat well, exercise regularly, because being rich doesn’t mean anything without friends and family to enjoy it with. That is what being a wealth hacker is all about. That and taking the most efficient path as possible towards your goals.  

Thank for you all for sending in messages about how much you’re enjoying the podcast!! My favourite place to read your positive comments is as a five star review on iTunes. As we approach being eight weeks out from the Nov 9th Wealth Hacker Conference we are experiencing what is called crunch time. All the comments about how much the podcast has helped listeners improve their lives is very heartening during this stressful period.

What has also come with receiving all this attention is requests for my help either via my time, mentorship, free passes to the Wealth Hacker Conference, etc….

More than ever I’m receiving requests. Just recently a gentlemen reached out, out of the blue, and asked for free passes as they don’t have the money. I get not having money, like many of you I graduated university with $30,000 of student debt. I would have never thought of spending more money I didn’t have for an event.  In hindsight, I wish I did. I could have just borrowed from my dad and I could have 10X-ed my progress, but that’s how hindsight goes.

I feel bad for the guy as I have a lot of empathy for people, but for anyone who’s read the book “Win Friends and Influence People” by Dale Carnegie, one does not immediately go in for “the sale.”  Instead one should provide assistance to the person whose attention you seek. With the internet and social media these days, one doesn’t have to do much.

Why not share my ads on Facebook or Instagram? Why not email one’s friends telling them they should go to my event? Why not even participate in one of the promotions I have in giving away a VIP ticket that includes a private and exclusive lunch, plus a separate meet and greet with Grant Cardone?  How about just liking one of my posts?

Nope, nothing. I even gave the gentleman a promo code to sell ten tickets and I’d give him one for free.  His reply was “thank you”, and that’s all I’ve heard or seen.

I recently read an article that interviewed a financial planner for wealthy families who specifically dealt with young people ages 15-25.  In her experience, if the parents paid for all their university, the kids would perform very poorly compared to kids who had to shoulder some of the financial responsibility.  Her suggestion was the child pay for year 1, parents cover the rest.

Same idea here, I don’t believe in giving things away for free. Those who pay, pay attention. The more skin one has in the game, the more serious they will be. Even for an event where we are attempting to change peoples’ lives.  

For anyone who hasn’t bought their ticket yet, come to learn strategies from the most successful wealth builders that will guarantee you to 10x your wealth, 10x your income, and 10x your life.  We have a jammed packed lineup of world class speakers who have already 10X-ed and want the same for you. Seats are extremely limited and this event will sell out.

As an added bonus, 10% of profits from the event go to support the Basket Brigade Charity, providing the most vulnerable local families warm clothing, daily essentials, and food. “Be the change you want to see in the world” ~Mahatma Gandhi

If you need more convincing, use my promo code thetruth to save 10% off.

www.wealthhacker.ca 

Nov 9th. Toronto Congress Center

The networking alone will be worth with folks like this week’s guest who bought a premium ticket and is coming all the way from Ottawa Ontario.

Investing In Multi Family Residential Without Competition Because No One Else Wants It with Christian Szpilfogel

Link to FB Post

https://www.facebook.com/erwin.szeto/posts/10162284775485313

“Christian Szpilfogel started as a hobby investor in 2005 in the Ottawa area and, with Chaunei Chan, converted the hobby into a full time business in 2017. Originally they would acquire cash-flowing Multi Unit Residential (MUR) buildings and ride the market, but this has been refined into a more focused forced-appreciation strategy, including MUR renovations, expansions and new builds. Their early days taught them the basics of property management and as their portfolio grew they have become much more sophisticated in the management of their properties and the more intricate aspects of tenant management, especially when they pick up distressed assets with troubled tenancies. They have applied a number sophisticated methods in property acquisition, advanced financing and credit techniques, property management and tenant management. While they predominantly focus on MURs they also have about 25% of their holdings in commercial units. Christian enjoys giving back to the community and is an active participant in various landlord support and networking groups.”

To connect with Christian:

Web: http://www.aliferous.ca

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

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions, so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Until next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

My apologies in advance for how many times I say the word “fascinating” in chatting with Ryan Poole who’s company, Real Trade, is coming out with a real estate listings service like MLS on a Blockchain platform.

But before I go there, for those following my story, I made it back in one piece from a bachelor party in Cancun, Mexico. I signed a non disclosure agreement, so not much to share, but I will share how I was getting home sick by the 4-5th day. I’ve been seeing all this talk on the social media about not buying one’s home, which only makes sense in select cases.  In Canada, the homeowner capital gains tax exemption is one of the biggest tax breaks we as Canadians will ever get, so that has to play into your consideration.

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A post shared by Erwin Szeto (@erwinszeto) on Aug 19, 2019 at 11:47am PDT

Another simple one is, how much would it matter to you to have to move at the landlord’s whim? Like any other investor, I don’t like risk and I don’t like the risk of having a landlord or their family member wanting to move back and displacing me and my family from our home.

All you parents out there know how we will do anything for our kids, and I am extremely worried for young people with the state of our housing market. Too much demand from immigration, not enough supply with all the rising costs to build, combined with anti densification sentiment among municipal governments.

Is it out of the question for the cost of a house to double between now and 18 years from now? My real estate investing is not just for investment, but as a hedge in case housing prices get out of control, and I definitely think there is a chance of that happening.

We have hundreds of investor clients whose homes in the GTA worked out as great investments, and then they turned their home equity into 1-5 investment properties and from there, those original investments grew in equity for downpayments for even more investment properties. It’s tough to argue with that track record. Plus, if you own your home, you get to put down roots and enjoy it at the same time.

One still needs to wear their investor hat when choosing a home. I’ve told many not to buy where they want to live. Eg. condos without great transit in Toronto. Instead rent and buy a house just outside the GTA.  I have a family member who did just that. They rent on the east side of Toronto where the landlord deals with negative cash flow while my family member owns two investment properties just outside the city that do cash flow. It’s tough to argue with that logic too.

So remember, buy smart, even for your own home. Consider, would you have any problem renting out your home to pay the bills or part of your home on AirBnb? Vacancy rates are at historic lows where we invest and rents are up 10% over last year. 

Finally, my wife and I plan on leaving our current home to our kids, should they want to live there, and start a family with no mortgage payments. If I were a tenant, I guess I could sublet to my kids so they could take advantage of rent control, but it’s not quite the same. Plus my house could easily have a basement apartment, which was a major consideration when we bought it. In my opinion, your home is an investment if you make it one.

On a side note, I did something on social media that you’re not supposed to do. I replied to a hater’s comment. LOL.

He wrote on my facebook, “Dude my parents did not have as much money as you to give me for Real Estate investing 

Sorry dude I ain’t a rich cbc.”

CBC is short for Canadian born Chinese.

My reply was “dude, my dad came to Canada at 18, youngest of six kids, barely spoke english, my parents had three mortgages on one house, my mom rented out rooms and cooked for people in our home to make ends meet. I graduated university 30k in debt. We started from the bottom now we’re here. 

Your parents might not have been rich so it’s on you if you want your kids to come from a rich family.”

He goes to accuse me to teaching get rich quick schemes. We go on and exchange for a bit, then I click to add him as a friend. He accepts and is of course bewildered, asking if i’m trying to kill a hater with kindness. 

We get chatting, he’s a recent grad living in a small bachelor apartment with precarious income and $45,000 of student debt. I let him know, this is why I worry for my kids, to which he completely agrees. Our first agreement, he actually writes “kids without money are F*&#ed”, hence the reasons I’m trying to get the message out there via this podcast, my email list, my social media, our iWIN membership, and of course the Nov 9th Wealth Hacker Conference.

The hater asks if I have it good now to which I reply, “not when I was your age. lived at home with $30,000 in debt. unemployed for almost 12 months. first job was 35k salary.”

Now I have his respect that I wasn’t handed anything. Then I invited him to this month’s iWIN meeting as my guest, because I think he needs help and a change of scenery. He suggests I give the ticket to someone who could actually be our real estate client as he can’t. I explain that I’m in this business to help people. Don’t care about your net worth. I only care that you leave that meeting having learnt one thing or making one contact that moves you forward.

At the Wealth Hacker Conference on Nov 9th in Toronto, considering the line up of experts we have, I would expect all attendees to have more than one takeaway and one connection made.  If you’re looking to start or build a business, you need to be here. If you want to level up your real estate investing or buy your first investment, you need to be here. If you want to learn how to hack stock investing buy selling options to make six figures in 30 minutes per day, you need to be at the Wealth Hacker Conference.

Even all you haters out there. LOL.

www.wealthhacker.ca

As a listener of this show I have a discount code for you for 10% off. Code is thetruth – that’s it. One word. Do note, prices are going up immediately following labour day weekend and we are almost sold out of the coveted VIP tickets that include a meet and greet with Grant Cardone.

Speaking of Grant, here he is speaking of one of the truths about money..

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A post shared by Erwin Szeto (@erwinszeto) on Aug 14, 2019 at 12:17pm PDT

On to this week’s guest!

Just wow, my mind is blown. I was introduced to Ryan Poole, Founder of Real Trade, after I posted on Facebook in search of an expert on BlockChain and real estate. And what do you know, Ryan’s Major Goal: To combine blockchain technology with real estate to revolutionize the real estate industry for the better. He’s rolling it out in phases, including a globalized version of the MLS using Blockchain technology, and a later phase for a Blockchain based currency called The Real to buy and sell real estate, including fractional ownership of real estate. I’m probably not explaining it right, so listen closely to how Ryan explains it.

This is a very fascinating conversation, I promise you.  Ryan is also a friend to Canadians, as he helps Canadians buy real estate in Florida. We even chat about the best places for a vacation home, and how to finance it as I know you big time listeners can afford vacation property either now or in the near future. 🙂

To follow Ryan:

Real Trade (start by reading the one pager): http://realtrade.io/
Linkedin: linkedin.com/in/ryan-poole-0b50b9162
FB https://www.facebook.com/RyanPooleFCL/
If you’re interested in Florida Real Estate: https://rsiasset.com/team/ryan-poole/

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Till next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing.

Happy birthday to my partner in business and life Cherry Chan!! She’s a Super Woman in how she raises our kids, keeps me and my businesses in order and has her own thriving practice.

Quick funny story about Cherry: While she was still working in the corporate world, we were dating then, and she would surf the MLS at work when bored (which was often) looking for investment properties, but she only owned her own home. After getting to know my business, we discussed investing in a student rental near Brock University in St. Catharines. My credit wasn’t great at the time as I was a new agent, so the house would be in Cherry’s name.

I called Cherry while she was at work after I found a house in my target location, next to the only major mall in St. Catharines that doubles as a major public transit hub. I gave some vague details about the property to Cherry over the phone and we wrote the offer. We paid the owner exactly her asking as she was already discussing listing the house with a Realtor. The location and condition was A++ and any investor would want the same house because the annual rent would be over 1% of the after-renovation value.

Cherry didn’t see the house until after we took possession and was happy with our purchase. A year later we were reminiscing about how Cherry joint ventured on a property without even seeing it, with her boyfriend she only knew less than a year, but she wasn’t concerned at all. Her contingency was that if things didn’t work out between us… she technically owned the house 🤣.

That was seven years ago. There were bumps. That basement flooded, a student snowboarded off the roof (he was on ODSP nonetheless), but otherwise it’s been an excellent investment having doubled in value and the rents have gone up and there’s been zero vacancy the whole time.

Happy birthday again to my wealth hacker wife, to infinity and beyond. Together. 😘🥰😍

On the subject of real estate…

A kind gentleman who left a 5 star review on itunes asked me this: “My commute is 2 hours and I am taking courses to become a licensed real estate professional, what audio books would you recommend?”

My two cents: “If you’re not first, you’re last” by Grant Cardone. The very same book, forms the teachings presented in part of Cardone University that he sells for a lot of money, hence there is a lot of value in the book.  I generally find we can all improve our sales skills. Sales is not what most think. The vast majority of sales people don’t take the profession as seriously as folks like yourselves do.  

No different than how the amateur invests in real estate vs. how a professional does. If you’ve ever been a secret shopper as a tenant viewing properties for rent or for sale vs. toured our clients’ properties, you would see a big difference. Professionals invest more in their properties to attract the best tenants who pay the best rents knowing tenants all want clean and safe.  Investing more includes time and effort in marketing and screening tenants. If you read about tenant nightmare stories in the news, you’ll note the landlords never ran credit checks or a Naborly report on the prospective tenant.

You all know the hoops we must jump through to get a mortgage. It would be advisable to screen tenants similarly, as a bad tenant is a very expensive mistake when you are trusting them with a half a million dollar asset.

If you’re looking to get started in becoming a wealth hacker, someone on the most efficient path to building wealth, let us know.  We offer property tours in each of the top towns around the GTA which upcoming tours in Collingwood.

We have the Wealth Hacker conference on Nov 9th, a master class on the most efficient paths to success in small business, real estate and stock options.  Go to www.wealthhacker.ca for details, discount code: iamawealthhacker 

For those who are very serious about their success, we have my membership group called iWIN, short for the Infinity Wealth Investment Network.  We are a close knit group that meets monthly to share best practices on investing in real estate, staying up on the latest strategies. We meet up quarterly for a mastermind, iWIN style. We do something fun together then we mastermind over a meal. So far this summer we did a Niagara Wine Tour on bike and a separate event on powerboats on a lake up north.  Both were followed by lunch and everyone had an amazing time networking with like minded people and coming away with actionable advice. For details, go to www.infinitywealth.ca 

Ex Financial Planner Now Multifamily Investing East of Toronto, Off Market Deals, Cap Rates and JV Structures with Sarah Coupland

On to this week’s guest, my friend, who is a member of my mastermind group, Sarah Coupland of Tag Properties (www.tagproperties.ca) 

Sarah is a successful, multifamily real estate investor and one of the nicest people you will ever meet. In this interview, she took our virtual meeting from her cottage, afforded to her by her real estate businesses.

Sarah invests mostly where she lives, in Cobourg, Ontario where she owns several small multifamily properties. Sarah shares how she got started and how her boyfriend, now husband, had to help her renovate her house if he wanted to see her (yay free labour!). She shares how she sources properties off market, often buying the properties no one else wants. For the best value-add strategies, some crazy stories of police raiding one of her rental properties, her cap rates and how she structures the financials for joint venture partners – have a listen!

To follow Sarah:

Website: www.tagproperties.ca
Instagram: https://www.instagram.com/couplandsarah
Sarah in CREW Magazine: https://www.canadianrealestatemagazine.ca/features/something-from-nothing-232912.aspx

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Till next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

W: erwinzeto.com
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