Mini Retirements, Mini Hotels, Rental Hacking With Sve Pavic

Another simple one is, how much would it matter to you to have to move at the landlordās whim? Like any other investor, I donāt like risk and I donāt 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. Itās 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. Iāve 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.Ā 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. Itās 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.Ā 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 itās 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 youāre not supposed to do. I replied to a haterās comment. LOL. He wrote on my facebook, āDude my parents did not have as much money as you to give me for Real Estate investingĀ Sorry dude I aināt a rich cbc.ā CBC is short for Canadian born Chinese. My reply was ādude, 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.Ā Your parents might not have been rich so it’s on you if you want your kids to come from a rich family.ā 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 iām trying to kill a hater with kindness.Ā We get chatting, heās 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 ākids without money are F*&#edā, hence the reasons Iām 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, ānot when I was your age. lived at home with $30,000 in debt. unemployed for almost 12 months. first job was 35k salary.ā Now I have his respect that I wasnāt handed anything. Then I invited him to this monthās 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 canāt. I explain that Iām in this business to help people. Donāt 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.Ā If youāre 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 – thatās 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..
On to this weekās 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, Ryanās Major Goal: To combine blockchain technology with real estate to revolutionize the real estate industry for the better. Heās 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. Iām probably not explaining it right, so listen closely to how Ryan explains it. This is a very fascinating conversation, I promise you.Ā 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. š
Hello fellow wealth hackers!! How do you convince someone to invest in real estate? This was a question I was asked while on a podcast, which caught me off guard, as I generally donāt try to convince anyone actively. I donāt tell someone to their face they should invest in real estate, but maybe I […]
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 itās not an asset! Itās a liability!! All you fellow, wealth hacking, frugal investors know what Iām talking about.
Iām hoping itās 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. Iāll 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 itās 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. Itās 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.Ā Itās all great and area dependent. For the Wealth Hacker, I canāt 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.Ā Ā Wealth Hacking update on my part, I am committed to learn how to sell stock options. Iāve ignored my friend Omar Khan for too long, whoās been encouraging me to learn and implement the strategy heās used for over ten years to earn himself six figures selling stock options on blue chip stocks that pay dividends. This isnāt a get rich quick thing and Omar is going to show me how, after heās 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 Iām AirBnbāing. 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. āGet Rich With Optionsā 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 membersā meeting as a warm up for the big stage at iWINās Wealth Hacker Conference on Nov 9th, for which you can get your tickets at wealthhacker.ca.Ā 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 peopleās 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 Iāve 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.caĀ
šļøāāļøBut 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: 1ļøā£ do it with friends: Iām golfing with friends who happen to be successful entrepreneurs, including my wife. This makes the experience and journey that much more fun. Tomorrow Iām golfing with a successful stock investor who sells options and owns 60 units of investment real estate. His name is Omar and heās teaching me to trade and he will be one of our speakers at the Wealth Hacker Conference in Toronto on November 9th.Ā Omar made $500,000 in 2018 from utilizing a little known strategy, and has made a living doing so for over a decade. 2ļøā£ take lessons: you donāt know what you donāt know, so take advice from a professional that has a track record of successfully coaching others to success.Ā Almost every investor I meet wants cash flow and thatās pretty much impossible to do where they live, so they are relying on local experts to guide them to the correct investment decisions. 3ļøā£ donāt 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 youāre 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 donāt 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 iWINās 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 Iām 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 isnāt always boring though, Iām getting a new car next week, my challenge to my mastermind group was to CN Tower Edgewalk (thatās 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: