Blowing Minds & Building 10X Relationships with Ben Oosterveld

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.
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
🏌️♂️But I suck at golf. Even with a few mulligans, I shot at 139 including at 76 on the back nine at the lovely Hamilton Golf and Country Club this past Friday. Thank you to Charles Wah for inviting me out. I suck at many things, golf especially as I only golf 18 holes once per year, but now I want to learn so I set aside time to practice. I took a lesson and will take even more. Trying new things is a challenge and as a teacher of #investinginrealestate I can draw parallels on the most direct path to success: 1️⃣ do it with friends: I’m golfing with friends who happen to be successful entrepreneurs, including my wife. This makes the experience and journey that much more fun. Tomorrow I’m golfing with a successful stock investor who sells options and owns 60 units of investment real estate. His name is Omar and he’s teaching me to trade and he will be one of our speakers at the Wealth Hacker Conference in Toronto on November 9th. Omar made $500,000 in 2018 from utilizing a little known strategy, and has made a living doing so for over a decade. 2️⃣ take lessons: you don’t know what you don’t know, so take advice from a professional that has a track record of successfully coaching others to success. Almost every investor I meet wants cash flow and that’s pretty much impossible to do where they live, so they are relying on local experts to guide them to the correct investment decisions. 3️⃣ don’t be afraid to try new things. Five or ten years from now will look back and laugh at how you started from the bottom, now you’re here. None of my multimillionaire clients expected to be here so fast in five-seven years. The next five-ten years will go by no matter what, how you spend them, or rather invest in them, is what will matter most. With excellent guidance and coaching, you can really minimize your mistakes and maximize your returns. Reach out if you don’t know how to get started, as I may suck at golf but few others have a system and team of coaches that produces #realestatemillionaires like we do. 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:
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:
On November 9th, 2019 at the Toronto Congress Center we, along with Grant Cardone, will be sharing the best secrets of the rich including:
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.
ICYMI (in case you missed it) Our next speaker for iWIN’s Wealth Hacker Conference Nov 9th is… We identified this speaker as the top educator in the area of multi-family (5 units and above) investing during our brainstorming phase and he just agreed to participate. Pierre-Paul Turgeon is Canada’s leading authority and insider when it comes to investing in apartment buildings because of his unique perspective on this type of investment. He is a former CMHC multi-family underwriter (he analyzed the risks for an insurance proposal) and a full time multi-family investor with a portfolio of 160 doors valued in excess of $22M. As a former CMHC apartment building underwriter, he has analyzed hundreds of apartment deals in three provinces and three territories. He has analyzed more apartment buildings than most of the largest landlords in the country. Not only is he familiar with the front end of buying apartment buildings, he is also very knowledgeable about the back-end of this business (that is, when apartment deals go sour and investors default on their loan), as he also managed the default management department in CMHC’s Prairie office. This wealth of knowledge and experience enables Pierre-Paul to invest in apartments buildings strategically to ensure a sound return for his investors with low risks. To register for the waitlist to get advance access to tickets at early bird pricing go here: https://www.wealthhacker.ca
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.