Did you notice how retail stores are already playing Christmas carols?
I was bothered by this until Christmas truly came early in the form of proposed legislation from the Doug Ford Government to allow triplexes on residential lots.
This is the toughest talk I’ve seen to increase housing supply to the missing middle going against municipal governments that are voted in by NIMBY constituents.
I thought it was hilarious how the Minister even mentioned how the NIMBYs have gone too far as to become BANANA’s, the acronym first introduced to me by one of our 17 listeners, Christian Szpilfogel, which stands for “build absolutely nothing anywhere near anything”.
I get it; no one wants more cars parked in front of their homes on the street or condo towers casting a shadow on their houses, nor do they want the values of the homes to increase less. Still, unless more supply is created, there will be fewer homes for workers and people who pay taxes and contribute to the economy —Greater good stuff.
Anyways, I can’t wait to get into the details and share at the Wealth Hacker Conference on Nov 12th on what the most optimal real estate investment property is in the rising interest rate and inflation market with an LTB with eight-month backlogs, including how to apply the latest technology to maximize rents and minimize expenses.
www.wealthhacker.ca for tickets and information. My discount code for you is the five-letter word “TRUTH”.
If Triplex by right wasn’t good enough, the Bank Of Canada looks like they’ve pivoted to only increasing rates by 0.50% instead of the market’s expectation of 0.75%.
Governor Tiff Macklem’s talk was the most balanced it’s been in mentioning the economy is softening, and it has from the economic data points I follow like a flash Amazon Prime Day and restaurants are noticeably less busy.
Manufacturing inventories are down worldwide, too, as businesses are ordering less and don’t want cash tied up in inventory for the global recession.
At the same time, my friends who’ve been travelling or working for Air Canada tell how busy tourism is, and airlines are adding more flights even though oil prices are high. So there’s room for inflation to come down more.
Why is 0.50% good news for investors?
I anticipate future rate increases will be fewer and less frequent, so we may go flat after the next raise, then we’ll see only a slow rise till rates are cut again to save the economy.
I’m guessing and will go into more detail at the Wealth Hacker Conference on November 12th for a one-day, all-day event.
We have the best vendors on hand as well, all folks I do business with and recommend all in one place, under one roof for one day only.
We have a bunch of services with the latest technology for Landlords in Front Lobby and Landlord Credit Bureau to screen and hold tenants accountable to their credit, Rent Panda for high-tech screening and leasing services, SingleKey who just bought Naborly for do-it-yourself, to help landlords screening of tenants.
We have my personal insurance guy Jayson Lowe from Ascendant Financial, Suite Addition’s Andy Tran, for all your home addition design needs.
Ken Bekendam’s Legal Second Suites for addition design, renovation and construction; Dalia Barsoum of Streetwise Mortgages, the most in-demand Mortgage Professional in our community.
Multifamily Investments Expert Seth Ferguson, who will teach you how to invest in apartment buildings yourself or if you want passive, registered options we have Equiton Inc. for Real Estate Developments and Real Estate Investment Trust for growth or income investment options.
We have exempt market dealer Steven Blasiak in the house representing Pinnacle Wealth, who placed mine and my mom’s registered investments which are doing just fine in this market.
Shout out to Pulis Investments.
Entrepreneurs Organisation – Toronto Chapter is in the house, the private membership group for 7 figure entrepreneurs that Cherry and I belong to.
Calvert Mortgages, the lender of choice for private, fast funds for your BRRRRs or flips, will be there on Nov 12th.
All the connections any professional investor needs will be there, so you don’t need to go anywhere else!
Again, go to www.wealthhacker.ca for tickets and information, and my discount code for you is the five-letter word “TRUTH”.
Financial Road Map & Mortgage Update With Dalia Barsoum
Today we have Dalia Barsoum, who’s everywhere these days and who can blame her?! She’s incredibly popular for her diligence in underwriting and guiding her clients toward quality.
But, unfortunately, Dalia and Streetwise are picking up the pieces from deals gone sideways and brokered by other mortgage brokers.
I know that feeling…
Today we chat about where rates are going and what private mortgages (rates and terms) are going sideways.
Some tips on how to weather this rising interest rate environment, including joint venturing, our favourite Economists to follow, where the challenges are in getting new financing, apartment building financing and much much more.
Cheap debt is what makes the world go around, which benefits real estate investor returns, so you don’t want to miss this episode.
Have a pen and paper ready!
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.
This episode is also brought to you by 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 who just made a 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 and 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 Dalia and Streetwise Mortgages:
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.