Quick rant on rent control…
I posted on my Facebook and Instagram story where 100 prospective tenants lined up to view a rental property in Dublin, Ireland. Their government, wisely, please read the sarcasm, implemented rent control so rents do not keep up with inflation forcing landlords to sell their investment properties.
The next property owner may move in this, removing rental supply or a new landlord, typically with deeper pockets than the previous, will want a return on their investment hence turnover of the tenants, renovate, and raise rents.
The supply and lower-end rents are forever gone, and the rich get richer.
Rental developers do not like rent control. However, no capitalist wants their prices to be controlled, so it’s down to the government to build us enough housing… good luck with that.
My team, iWIN Real Estate and I will provide an economic update and drill down into what investments we’re getting into, including turnkey properties. You wouldn’t believe it, triplex conversions.
We’ll get into the details around the strategy, renovation plans, budgets and calculating cash flow, so you don’t want to miss it. Saturday, September 17, 2022, at our office in Oakville. Just two more meetings until the Wealth Hacker Conference on Saturday, November 12th. CLICK HERE TO REGISTER.
Much to learn, network and wealth building to be done!
On the personal front, the new Tesla Model Y we’ve had for three weeks has been an experience! The electrical quotes were steep as we have an in-law suite occupied by our nanny’s family, so our electrical panel is quite full.
The Tesla charger itself is $700, but a dryer outlet will do if you already have one.
The learning curve is steep, like going from my analog Nokia 8210 I had in the year 2000 vs. a modern iPhone.
First off, it’s one-pedal driving because the Tesla abruptly slows down once you remove your foot from the accelerator pedal because the regenerative braking kicks to recover some energy wasted in braking. So I rarely touch the brake pedal anymore.
The Autopilot is pretty sweet. It’s especially good in traffic as the Tesla will come to a stop and go when traffic moves again. I do have to wiggle the steering wheel once in a while when queued, so it knows I’m paying attention.
The storage is great; our hotel on the weekend had a great parking spot near the lobby with free charging. Not that charging is expensive. A full charge for a depleted battery to 100% is $7.30, and that’ll take us over 500km, but we use less than 20% daily, so it costs less than a double double at Tim Horton’s to drive it.
Of course, we would not consider the Tesla without the $55,000 plus HST deduction. Thank you, Justin Trudeau, for giving the rich such a lovely tax benefit, lol.
Much to learn, network and wealth building to be done!
On the personal front, the new Tesla Model Y we’ve had for three weeks has been an experience! The electrical quotes were steep as we have an in-law suite occupied by our nanny’s family so our electrical panel is quite full.
The Tesla charger itself is $700 but a dryer outlet will do if you already have one.
The learning curve is steep like going from my analog Nokia 8210 I had in the year 2000 vs. a modern iPhone.
First off, it’s one pedal driving because the Tesla abruptly slows down once you remove your foot from the accelerator pedal because the regenerative braking kicks to recover some energy wasted in braking. I rarely touch the brake pedal anymore.
The Autopilot is pretty sweet. It’s especially good in traffic as the Tesla will come to a stop and go when traffic moves again. I do have to wiggle the steering wheel once in a while when queued so it knows I’m paying attention.
The storage is great; our hotel on the weekend had a great parking spot near the lobby with free charging. Not that charging is expensive. A full charge for a depleted battery to 100% is $7.30, and that’ll take us over 500km, but we use less than 20% for our daily use, so it costs less than a double double at Tim Horton’s to drive it.
Of course, we would not consider the Tesla without the $55,000 plus HST deduction. Thank you, Justin Trudeau, for giving the rich such a lovely tax benefit lol.
Read more about the tax implications here: https://realestatetaxtips.ca/buying-a-tesla-and-save-22826-of-tax-immediately/.
Closing on 5 Apartment Buildings and 177 Units in 2022 With Quentin D’Souza
Speaking of rich people, this week we have the very successful Quentin D’Souza on the show.
There are many coaches and Multifamily experts, but in my experience, Quentin is one of the best. I know many of his past students, including Steve Phillips, on my iWIN Real Estate team and his investment partners. Not many share a track record of success like Quentin.
He’s on today’s show with Cherry giving the interview as I was out hosting a golf event with fellow 7 figure entrepreneurs, so as we sometimes do, “divide and conquer.”
I wrote down some questions I wanted to ask Quentin about apartment building investing, investing in the US, where best to find cash flow, and what the future holds.
You know, the same stuff you ask anyone who bought five apartment buildings or 177 units this year alone and is always looking to level up.
Quentin is an old friend, the Chief Education Office and founder of Durham REI, a really great, long-running networking group that meets monthly; he’s authored four books, including the most recent ”The Action Taker’s Real Estate Investing Planner” link https://www.amazon.ca/Action-Takers-Estate-Investing-Planner/dp/099367173X?dplnkId=a0338035-2ffa-4400-9b24-053578dc6df7&nodl=1#aw-udpv3-customer-reviews_feature_div.
Obviously, a big-time investor.
Please enjoy the show!
This episode is brought to you by me! We don’t have sponsors for this show, I only share with you services owned by my wife Cherry and I. Real estate investing is a staple in my life and allowed me to build wealth and more importantly, achieve financial peace about the future knowing our retirement is taken care of and my kids will be able to afford a home when they grow up. If you too are interested in my systematic strategy to implement the #1 investment strategy, the same one pretty much all my guests are doing themselves, then go visit www.infinitywealth.ca/events and register for our next FREE Online Training Class. We will be back in person once legally allowed to do so but for now we are 100% virtual.
No need for you to reinvent the wheel, we have our system down pat. Again that’s www.infinitywealth.ca/events and register for the FREE Online Training Class.
This episode is also brought to you www.stockhackeracademy.ca where everyday real estate investors learn the best practices in stock investing to earn cash flow in about 15-30 mins per day from their mobile phones. After real estate, Stock Hacking is the next best hustle as you’ve heard from many past guests on this show. Among our students last year, 31 trades were shared with them. 30 were profitable for an over 96% success rate and 12% return on capital. I will be giving free demonstrations online, very similar to the one I gave my kid cousin, a full time musician and he just made 50% return in 2021. Past of course does not predict the future but if you’d like a free demonstration go to www.stockhackeracademy.ca in the top right, click FREE Demo. At the demonstration I’ll have special bonuses. We do not advertise publicly for all my favourite listeners and I only have two more demos to give in the next few weeks.
Don’t delay www.stockhackeracademy.ca, what I consider the future of side hustles with real estate so unaffordable for many.
Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.
This is for driven folks who want to multiply their current incomes.
APPLY HERE: https://www.infinitywealth.ca/hiring
TO FOLLOW QUENTIN:
HELP US OUT!
BEFORE YOU GO…
If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.
It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.
If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success.
New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.
We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best. In 2018, we again won the same award by the Real Estate Investment Network.
Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment. Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you.
I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics. The intersection of the two, talent and ethics is limited to a handful in each city or town.
Only work with the best is what my father always taught me. If you’re interested, drop us an email at email@example.com.
I hope to meet you at one of our meetups soon.
Again that’s firstname.lastname@example.org
Infinity Wealth Investment Network – would you like to know how our investors returned 341.8% on positive cash flowing real estate over the last five years? On average, that was 68.4% per year.
Just imagine what winning in real estate could do for you.
If you would like to know how we did it, ask us how by calling 289-288-5019 or email us at email@example.com.
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.
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.