300 Episodes 🥳🥳🥳
That is one episode per week since March 2016 in what started as a six-episode experiment. Each interview is about an hour long, and it would take 12.5 days to consume all 300 episodes to date!
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Greetings, my fellow investors; this is The Truth About Real Estate Show For Canadians where we bring you the truth and nothing but the truth.
We’re not interested in peddling get-rich-quick schemes or hyping up unrealistic dreams. Instead, we provide you authentic, successful investors and industry leaders with authentic insights, practical advice, and invaluable lessons from experts who have been through the ups and downs of the real estate industry.
This week is no different with our guest Nick Karadza who co-founded and co-owns Rock Star Real Estate Brokerage, Inc. with his brother Tom Karadza.
Tom is, unfortunately, feeling under the weather, so we will rebook him separately for a later date, but the show must go on.
Nick and Tom are both mentors to Cherry and me. Their businesses include running a real estate brokerage specializing in real estate investing to service their other business, the Rock Star Inner Circle, a real estate education business that offers amazing value to its members.
The monthly fee is only $50 after a small initiation fee of $500. However, my referrals do get 50% off the initiation fee using my discount code, all caps ERWIN.
Education is an investment; good value is good value, and all good investors comparison shop.
Gym memberships cost more than the Rock Star Inner Circle Membership, let alone playing golf once a week or month, so get educated first on how to get rich slowly in real estate so you can afford that golf membership.
That is the dream, remember, that passive investing pays for the niceties in life and for living. I’ll never forget the first significant, nice thing Cherry and I bought for ourselves: a hot tub paid for when we refinanced a duplex we’d held for years.
As a frugal investor, we generally don’t spend much on ourselves as we know what our returns can be invested in real estate.
If I look back at what our clients purchased in May of 2013, ten years ago, paying an average of under $300,000, those properties, on average, appreciated 260%, assuming 20% down and excluding cash flow and mortgage pay down.
And these did cash flow as the highest and best use investment property in 2013 – Student rentals returned our clients an average of 800% over ten years.
With all the international students, colleges and universities recruiting, student rentals are better than ever.
Note that our colleges and universities need international students as their tuition is not capped in price, unlike domestic undergraduate students.
The government should have seen this coming, but housing hasn’t kept up, so our investor clients benefitted from the complete imbalance of over-demand and under-supply.
The benefit of being a long-time investor is, time in the market is our friend. Same as cash flow which allows smart investors to weather times like today, elevated interest rates so they can weather this storm.
Unfortunately, there are many who overleveraged and/or speculated, so we’ll be seeing more listings hit the market over the next 12 months until we see an interest rate cut which is looking like mid/late 2024, next year.
Once we see a cut, that will signal the market to get in, and we’ll see a flood of buyers pushing us from a balanced market to sellers market in the areas we target for investment.
From what we see on the streets, good quality investment properties that tick every check box still draw multiple offers. While smaller markets, showing traffic and offers is way off and will trail further off as we head into summer.
So what does that mean?
If you have a property to sell, that’s bleeding you money and no longer serving you? Get aggressive, as buyers are rightfully being picky.
For buyers who waited patiently and prepared for a fearful market, you have probably a 12-month window before the rate cut, and we flip back to seller’s market.
Long-term, quality income properties will be a winner. Make sure you only own winning investment properties, and if you’re unsure, reach out, and I’ll let you know.
That is if you want excellence in your real estate investment power team that delivers exceptional results.
In 2022, our clients sold for 19% higher than the average comparable properties. That indicates our clients bought right and renovated for return on investment.
You heard earlier that our clients from ten years ago achieved an 800% return on investment.
Past does not predict the future, but there is a reason we have 50 – 5 star reviews on Google as we are here to set the standard for performance and client satisfaction at iWIN Real Estate.
If any of that interests you, let’s get on a call, email us at email@example.com and let’s understand your goals and determine a strategy to get you there via the remarkable adventure in the world of real estate investing.
But enough about our clients, onto our 300th interview with Nick Karadza.
Episode 300: From Flipping 1 House to 1,000+ Membership With Nick Karadza
Nick Karadza is a real estate investor who discovered the power of leveraging real estate through “boot camps.”
Starting at 21, he bought, renovated, and flipped properties for profit but realized it wasn’t generating the desired cash flow to replace his job income, and it was a lot of work.
Nick shifted to rental properties, achieving monthly cash flow and recouping his investment. Nick founded Rock Star Real Estate Brokerage Inc. and the Rock Star Inner Circle with his brother to assist real estate investors.
Nick publishes a newsletter, shares online articles, teaches classes, holds events for their 1,000+ members, and co-hosts the Your Life, Your Terms podcast.
Nick remains an active real estate investor, consumes endless economic news and collects some silver, gold and bitcoin.
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 me. 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.
To Follow Nick Karadza:
Rock Star Inner Circle Website: https://rockstarinnercircle.com/
Live Class Investor Training: https://rockstarinnercircle.com/erwin/ Note, if you would like to work with Erwin’s team and save 50% off the Initiation fee, use case sensitive discount code ERWIN
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 firstname.lastname@example.org.
I hope to meet you at one of our meetups soon.
Again that’s email@example.com
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 firstname.lastname@example.org.
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.