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

You may already know this about me, I’m not the most eloquent or well spoken person. It’s always hard for me to explain what it is I do.

Then yesterday, a gentleman messaged me and told me his story how his family is in debt from his wife losing her job when she was pregnant with their son and how he’s on a mission to learn about investing in real estate. 

His question is, how does he come up with a downpayment for an investment property? 

To many of you, this is a no brainer. Almost everyone I know I using a home equity line of credit, or they’ve refinanced their home for their first down payment or more. After they ran out of equity in their homes for down payments, they either went the joint venture route, partnering with friends or family. Or they waited for the market to do its thing, tenants to pay down mortgages and, voila, more equity to refinance for more down payments and more investment properties.

If this is not an option for you, then invest in yourself and look for opportunities in your current employment to add value. For me personally, I studied sales because that is the easiest way to create value. If you are revenue generating in your business, you are invaluable. Same if you save your company money or you can raise money, hence why you see many company CFO’s as the 2nd highest paid. What also happens is the company’s top sales people make more money than the president does.

In my last job, my boss was a workaholic and a genius, so no way I could fill her shoes. I focused on Sales training and investing in real estate when I was not working my day job. 

On to my unwanted tenant… No, not the one who vandalized my AirBnb house before it became an AirBnb – but skunks!

Yes, the black furred rodents with the white stripe down their back.

My nanny alerted me to seeing five of them in our backyard. They were likely attracted to my vegetable garden and kick ass sweet peppers. I sprinted to the backyard only to see a tail disappear under my shed. I’ve been documenting what I call, Skunk vs DIY Skunk removal. Thank you to all who have sent me home remedies. So far I have filled the space under my shed with water. I have played for the skunks “Old Macdonald Had a Farm” on loop with my old iPhone to annoy the crap out of them, because I know it works on me when taking the kids on road trips. I’ve dusted the area at the opening of their hole with flour to track if they are in there or not, then it immediately rained.

I’ve even gone on to mark the territory, but didn’t record that video.

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A post shared by Erwin Szeto (@erwinszeto) on Jul 17, 2019 at 6:20pm PDT

Anyways, the video is all there on my instagram @erwinszeto for you to laugh at me.

Yes, I know I should just hire a pest relocation professional, and I would for any of my tenants, but this is my home and as of right now it gets the least $$ allocated to it because it’s not an asset! It’s a liability!! All you fellow, wealth hacking, frugal investors know what I’m talking about.

Haste & Hustle: Making Entrepreneurship Accessible Via Events and Living Like a Rock Star w/ Shauna Arnott

On to this week’s guest!!

She is not a real estate investor yet, but she really wants to be, so please don’t hate on her or my podcast. She has many dynamo investors as best friends, such as guests of this show Ian Szabo and Dion Beg, and maybe one day guest Brian Scrone, who is a what I call a centurian investor, having owned over 100 investment properties in Florida.  

Why I brought Shauna on this show is because she is one of the most fascinating people I’ve ever met. It is my belief that life is all about experiences, and Shauna at whatever her age she is, has 10X the life experiences of most.

One week she’s having lunch and planning a women’s conference with the Dutchess of York, the next week she flies to California for a meeting and charity concert with Maclemore, then it’s off to India for another major event planning session. Shauna has hosted Gary V in front of 3,000 in Toronto, she’s hosting Sir Richard Branson in the next 12 months, and expanding her events to Californation. But even more crazy, Shauna is going to 10X as she plans my event to host Grant Cardone! 🙂

Funny enough, we investors all hustle and grind so we may one day travel more. Shauna’s Haste and Hustle is so she can one day afford a down payment on an investment property and here is her story.

To follow up Shauna:

Website: https://www.hasteandhustle.com/
Instagram: https://www.instagram.com/hasteandhustle
Facebook:  https://www.facebook.com/groups/hasteandhustlers/

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/

Happy Canada Day and hope you had a great long weekend as the summer kicks off!!

Are your summer BBQ’s like mine? We had a bunch of friends and family over Sunday and Monday and the conversation was about the Leafs, Raptors, and of course real estate, but it wasn’t initiated by me!! It seems more and more real estate is becoming a more and more popular asset class. Note these are friends and family, not from my real estate world, but what surprised me was how bullish everyone was thinking. The worst from the spring of 2017 Housing Fairness Plan correction is past us and my friends and family are all looking to increase their real estate for either where they live or for investment.

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Scenes from our backyard combo birthday for our youngest and Canada Day. I can’t wait for my retirement to just do this all the time and I selfishly want everyone else to retire fast and rich so we can all hang out and do awesome stuff together.

A post shared by Erwin Szeto 🤓Wiki Of R.E.I. (@erwinszeto) on Jul 2, 2019 at 1:36pm PDT

I’m hoping it’s the right decision. My wife and I are having one ugly property renovated and we recently had one of our existing rental houses switch to AirBnb. I’ll detail some of our own investing in a separate episode, or else this one will be a really long one.

On a sad note, as the child of Chinese immigrants from Hong Kong, the civil unrest and protests back home are the worst it’s been from my recollection. Yet another reminder how grateful my family is to live in the greatest country in the world. Canada is not perfect by any means, but look at our freedoms, low crime, opportunity, clean environment and quality education system. It’s good to call this place home and to own property here. Is it any surprise Canada remains a top destination for immigration?? Immigration to Canada looks to stay strong. If you have developer friends like I do, developing is getting more restrictive and more expensive, which puts upward pressure on housing prices.

Owning property or more appropriately, positive cash flow income properties whichever way your prefer: Airbnb, basement suited houses, apartment buildings, developing land, student rentals.  It’s all great and area dependent. For the Wealth Hacker, I can’t recommend enough that you learn about each strategy to have the skills and knowledge to make a decision. For example, one investor I know switched up his strategy from student rental to AirBnb back to student rental as the service levels required for AirBnb proved to be too much for this investor.  

Wealth Hacking update on my part, I am committed to learn how to sell stock options. I’ve ignored my friend Omar Khan for too long, who’s been encouraging me to learn and implement the strategy he’s used for over ten years to earn himself six figures selling stock options on blue chip stocks that pay dividends. This isn’t a get rich quick thing and Omar is going to show me how, after he’s already taught over 50 of his friends how to, including my electrician. Omar and I have the same electrician, he re-wired the upstairs of my house that I’m AirBnb’ing. Our electrician has made around six figures in the last 18 months using this little known strategy. There are books on this strategy e.g. “Get Rich With Options” by Lee Lowell, but no different than any subject you plan on mastering, some hands on learning with ongoing coaching from an expert goes a long way.

Omar is our keynote speaker at our next iWIN members’ meeting as a warm up for the big stage at iWIN’s Wealth Hacker Conference on Nov 9th, for which you can get your tickets at wealthhacker.ca.  This is an all day event bringing together all the greatest wealth hackers I know who have taken the shortest path to financial success: investing in real estate with other people’s money for 100+ properties, Airbnb, stock options with Omar, making money like the bank, start a small business from zero to $100,000 and from $100,000 to $500,000.

Everything I’ve learned on my entrepreneurial and investor journey, the best subject matter experts, the best lessons from my own investing and business building. We are bringing you all my bests for one day, November 9th, including the most in demand business trainer in the world in Grant Cardone in Toronto. The networking alone is worth the price of admission. My friend Susan White did multiple joint venture real estate deals from people she met in the VIP at a similar event. It was an event similar to the Wealth Hacker Conference that was the catalyst for myself to go from amateur to professional Wealth Hacker. This will arm you with the tools to take a shorter and faster path to financial freedom. Tickets at WealthHacker.ca 

7-8 Figure Commercial Developments with Shane Melanson

On to this week’s guest!

For those with sights on bigger projects, Shane Melanson does exactly that! Shane started like many investors do with single family homes, did a few flips, progressed to commercial real estate including trailer parks, developing industrial condos, and retail plazas.

Other than tackling these very large and complex 7-8 figure projects, we discuss Shane’s path to becoming a commercial expert. He’s here to share what triggered his investing, his career path before his first commercial investment, and the mentorship he received along the way. 

Also fascinating is how Shane structures joint venture investments with these large-scale, capital-intensive projects and % splits via general partner and limited partnerships. Have a listen!

To connect with Shane:

Website: http://shanemelanson.com
Podcast (iTunes): https://podcasts.apple.com/us/podcast/the-investing-advantage-podcast/id1465519313
Stitcher: https://www.stitcher.com/podcast/shane-melanson/the-investing-advantage?refid=asa
Shane’s book: https://www.clubsyndication.com/book1

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

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/

Congratulations Toronto and Canada, we are the champions!! We did it!!

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🎉Party on the Gardiner on our way to the party 🦖🦖. Our first stop was in China town for Oysters because we were hungry, then to a private after party for more 🍸🍺🍻refreshments then finally to Dundas Square to party like it’s been 26 years since we won a 🏆🏆🏆. . 📈Started from the bottom now we’re here. . Parade is over, best fans on the planet and now back to the grind of bringing 🔟❌ and @grantcardone to 🇨🇦🇨🇦🇨🇦. . 🎥 @charleswah

A post shared by Erwin Szeto 🤓Wiki Of R.E.I. (@erwinszeto) on Jun 18, 2019 at 7:34am PDT

History was made, so I may have taken more liberties than I normally do in my conservative, boring life. I like boring. I like being at home and going to bed early, and I’m glad life can finally get back to normal with less late nights and stress replaced by more family time, more sleep, more martials arts and Crossfit. Life isn’t always boring though, I’m getting a new car next week, my challenge to my mastermind group was to CN Tower Edgewalk (that’s walking around the outside of CN Tower at 1,168 feet high or 116 storeys). Nothing beats a low risk thrill for team building, followed by a mastermind lunch in the 360 Restaurant for blue sky dreaming ideas of wealth hacking.

Speaking of Wealth Hacking, while I scroll through the pictures on my phone from the last week, its been busy:

• • Our AirBnb is rocking – a single family home we would normally rent for $2,000/mo has booked $4,600 on AirBnb for June only. We are 77% booked, so we can definitely break $5,000. I’m preparing a presentation right now actually, for iWIN members tomorrow night, to share how we arrived at this point with all the automation, apps, technology, hardware etc… as I didn’t lift a finger.

• • Cherry and I attend an Entrepreneur Bootcamp for two whole days and I have many takeaways around apps, scheduling, and scaling businesses

• • Sadly, I missed a few hours of the 2nd day, as we were out late the night before celebrating history as our Toronto Raptors won the championship. We sent a video of apology to our hosts as we were cheers-ing tequila shots. They understand. This is history and life is all about experiences. We didn’t get in till the sun was coming up and I won’t be doing that again for a while.

• • Saturday was another loaded day, as the kids had the day off from Chinese School and I was teaching my oldest to ride a bigger bike.  It’s really interesting to practice influence skills on a five year old. She resisted and wanted her old bike but she’s a champ and now only wants her new bike.

• • From there it was my clients’ open house of their new build, two semi detached houses, each with basement apartments. I’ll have Steve Ford, one of the investors on this project, on this podcast shortly to explain the ins and outs of new construction. He’s a project manager for a major builder and an expert in construction. As always, we will bring you experts on this show. There is nothing wrong with just starting out, but those starting out should not be offering coaching services. Just saying.
  • For some background on these new builds, my clients bought two houses: one a single family, the other a duplex, severed the backyards and built two more houses, each with a basement suite. Each new build is rented for $3,400 plus utilities and over $10,000 in rent for these now-seven units. This is next level investing, so stay tuned for Steve Ford!

This episode is brought to you by iWIN’s Wealth Hacker Conference:

On November 9th, 2019 at the Toronto Congress Center, we will be sharing the best secrets of the rich including:

• • 10X mindset

• • Six figure income, 15 mins per day, options trading from your phone

• • Earning income like the bank passively, better returns and more stable than the stock market by private lending

• • Investing in real estate: apartment buildings, raising capital, AirBnb, student rentals, accessory apartments, land development

• And so much more as we confirm more Wealth Hacker experts who do, no theory BS

Tickets are on sale now at: www.wealthhacker.ca and don’t delay, prices are going up and if you want VIP, we only have 100 of them and they will sell out first.

www.wealthhacker.ca if you’re interested in the best side hustle and income replacement opportunities.

November 9th we have the rich and successful sharing their secrets on how they became rich and successful. You don’t want to miss this event.

Police Officer Dave Knight Says You Have The Right, No, A Duty To Build Your Wealth

On to this week’s show!

Officer Dave Knight is a friend, an investor, client of ours, fellow podcaster of the First Responder Wealth Network spreading the word how even for those with a pension, people need more. Especially for those who risk their personal safety everyday to protect all of us.

Dave is also a big fan and student of Grant Cardone, having taken some of his masterminds and apartment building investing mastery classes, delivered by Grant himself. Dave also has insights into Grant’s strategy and lessons as to what goes into his over $1 billion dollar assets under management portfolio. This was totally not what I expected.

Have a listen, buy a timmies for a first responder when you see them in line, and I proudly give you officer Dave Knight.

To connect with Dave:

Web & ebook: https://www.911wealthnetwork.com/freebook
Email Address: info@911wealthnetwork.com

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

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 hacker nation!

As our regulars know, I converted one of my single family homes from being rented to students to AirBnb after an awful experience with one tenant and then dealing with the pro-tenant, Landlord Tenant Board Tribunal.

Good friends of mine who have much experience with short term rentals told me how great the tenant profile is vs. long term tenants. Guests of short term rentals, or STR’s for short, are happy because they are on vacation and they have budget, otherwise they wouldn’t be taking vacation. My property is inspected more frequently, as my cleaners are there every week to inspect for maintenance and damage issues. Plus damages are paid for by the guest via their damage deposit vs. a long term rental landlord has to collect themselves, it comes out of pocket, possibly goes to small claims court, which can put the tenant into collections, and you’ll possibly not get paid, etc…

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🥇First look at our post renovated and furnished new Airbnb. Honestly, it was pretty easy when you have a great team. Just hard on the pocket book to get to this point 🤣. Thank you to my wife Cherry Chan who lets me experiment and writes the cheques, furnishing by Jacqueline Paradisi, my PM Bryan Kirow. My Realtor: me 🤣 couldn’t have done it without my Realtor. My mastermind friends Tasha Monaghan and Michelle Gauthier who convinced me STRs are the way to go. No auto accept customers right Michelle 😉 Hopefully the PGA Canadian Championship allows us to charge some stupid rents to recoup some of these costs!! 🙏🙏🙏

A post shared by Erwin Szeto 🤓Wiki Of R.E.I. (@erwinszeto) on May 17, 2019 at 5:07pm PDT

So is the grass greener on the other side? We will see, but so far in less than 72 hours we have $3,500 expected revenue for the month of June. Note, that’s inclusive of HST. Our first guests arrived yesterday and we had our first complaint already, LOL. Our grass is too long, as the grass growing conditions have been perfect and as a student rental, we had the house mowed every two weeks.

Note, I raised the rent for this weekend from $250/night to $850/night because the Canadian Golf Championship is in town, so the rent is high but the lesson is to be aware of your market!! Many of my friends with STR’s did not adjust their rents as they weren’t aware of this major tourist event. Fun, useless fact of the day, my guests who booked golf week are from Florida.

Also to note – the upfront investment is significant for time and capital to prepare a house for short-term renting, but I outsourced it all from renovations, cleaners, Property Management, and furnishing the house. I’ll be sharing how we did things from beginning to end at a future iWIN members meeting, plus all the technology involved to make the process completely automated.

This episode is sponsored by our Wealth Hacker Conference on November 9th, and we just announced is our venue: the Toronto Congress Center – North Building next to Pearson Airport in Toronto. We also announced Pierre Paul Turgeon as one of our many Wealth Hacking Speakers. Pierre Paul is an old friend, the best teacher of apartment building investing, and he grew his own portfolio from zero to 22 million in only a few years.  He walks the walk and talks the talk and he’s a good person as he donated several of his apartments to those who lost their homes in the Fort McMurray Fires in Alberta just a few years ago.

Our keynote speaker is none other than New York Times Best Selling Author and leader of the 10X movement, owner of Cardone Capital with over $1 billion in real estate under management, our #1 pick and ultimate Wealth Hacker, Grant Cardone.

To register go to www.wealthhacker.ca, the sooner you register the better the tickets and better the prices, so please don’t delay. Like many iWIN events, this one will sell out too.

Ask Erwin Anything EP1 with Joel Arndt

On to this week’s guest who is less experienced to investing. This all started when I posted on Facebook that we can make any investor who is ready and willing successful, as we have 15 millionaire clients who we directly assisted with their investments. They seriously come from all walks of life. I’ll detail in a future episode some interesting statistics and observations of these millionaires.

Anyway, Joel Arndt sent me a direct message, or as the young people call them, DM’s. He asked if my statement was true and if he could ask me some questions. He shared his back story. Joel actually goes to Church with one of our super star clients and past guest of this show, Evelyn, and though they knew each other they have taken completely different paths.

I asked Joel if we could record our Ask Erwin Anything session to share, as I know we have many young listeners and folks looking to switch careers or learn about investing for a side hustle. He agreed, and here is the interview.

I give you, Joel Arndt.

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

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/

Did you hear about the major happenings this week?  The Toronto Raptors won back to back home games in the NBA Playoffs vs. the Goliath like Milwaukee Bucks.  My wife got us tickets and took me out for date night and it was awesome.

In other big awesome news, I was finally allowed to share our big fat secret I’ve been dying to share for the last three weeks.  That’s when we signed our keynote speaker for Nov 9th’s iWIN Wealth Hacker Conference. He is none other than New York Times Best Seller, the man who sells out stadiums of over 30,000, the top sales trainer and real estate investor whose company owns over 1 billion dollars worth of real estate, Mr 10X himself, Grant Cardone.

Which brings us to this month’s sponsor of the show: iWIN’s Wealth Hacker Conference.

This all started with me putting on a free training event. I told Cherry and she wasn’t impressed. Free stuff is not appreciated nor valued. As the saying goes, “those who pay, pay attention.”

Next iteration was a 30 person event in a library or something, but then we applied 10X thinking. How about a 200+ person paid event, and I’ll reach out to some of my expert friends.

Then we had an idea to hire a celebrity keynote speaker, someone from my favourite CBC business reality show. Around this time, we hired an event planner. Then our thinking grew another 10X. Together we did some blue sky brainstorming. Who is the most in demand speaker in the world of entrepreneurship?

And we got him. Uncle G, Mr 10X, Grant Cardone is our keynote speaker for iWIN’s Wealth Hacker Conference this November 9th in Toronto.

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When @grantcardone Management shares your event 🙏🙏🙏🔥🔥🔥🔟❌. Thank you @stevespray !!! . November 9th, we host Uncle G. . www.wealthhacker.ca to register.

A post shared by Erwin Szeto 🤓Wiki Of R.E.I. (@erwinszeto) on May 22, 2019 at 5:58pm PDT

Our objective for the attendees is for them to walk away knowing they can take control of their financial future, and we will give them the tools to become a wealth hacker: investors who can profit and thrive in any market, and not just in real estate. We will have experts share about blockchain/cryptocurrency, cannabis and options trading as well.

As always, with iIWN events, the networking alone will be worth the price of admission.

We are still working out details for the event, including venue and ticket prices, but we have opened a waitlist at www.wealthhacker.ca. Friends on the waitlist will have first dibs on tickets at early bird pricing, including VIP tickets for the best seats and the opportunity to meet my friend Grant and have your picture taken with him.

Again that’s www.wealthhacker.ca to register for access to early bird pricing and availability of tickets before the public, plus we will announce speakers to the waitlist first.

Active Investing Vs Pre-Construction Investing, Doubling Investments Before Closing with Todor Yordanov

On to this week’s guest, my old friend Todor Yordanov, he’s the first REIN member I ever met.

I first met Todor at a meetup at a Tim Horton’s back in 2008, before anyone knew what a meetup was. This was back in day when email distribution lists were how we communicated. A bunch of Hamilton investors organizing and communicating over an email list of like 50 people.

When I met Todor, he was investing in condos: specifically townhouse condos in Hamilton, because they suit this 8-12% rule: the annual rent had to be 8-12% of the purchase price plus improvements. Todor wasn’t the only one following this strategy, as this was what we were taught. These houses cash flowed, but in hindsight, the tenant profile was not a good one and the condo fees were inflating at about 15% per year. The truth about real estate is that when condo fees go up out of control, it negatively affects affordability and in turn, the resale price.

Anyway, Todor next invested in student rentals, but now his focus is on condos in Toronto. Especially condos known as pre-construction, meaning builders selling apartments in a high rise building before they are built. The strategy works for Todor as it suits his lifestyle and passive investment preference.

To connect with Todor:

Facebook: https://www.facebook.com/todor.yordanov.real.estate/
LinkedIn: https://www.linkedin.com/in/todoryordanov/

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

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/