Greetings, Wealth Hackers!
I hope you all had a great weekend! I know I did at Seth Ferguson’s multifamily conference, the first big real estate investment conference post-pandemic. The speakers were great, I took notes from all of them and Kevin O’Leary was quite excellent.
I know he rubs some people the wrong way, he explains it as something his mother taught him, to never tell lies so you don’t have to track what lie you told who. Hence Kevin tells folks how it is including if he thinks your business is going to fail or investment is bad, he will let you know.
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I totally share some of that with Kevin, my journey and this show have entirely been about truth-seeking in the investment real estate space. As one would expect with capitalism, there will be many bad, bad investments.
Just this last week, in chatting with investors one had lost money on growth tech stocks with AI, another investor with three private mortgages from a couple of years back, only one has the capital been returned, getting the rest back is unlikely.
I’m hearing from sources that some REITs are in trouble, none that I’ve invested in and no one I’ve had on this show. Thankfully my due diligence has kept me out of trouble and I’ve developed my screening process by reviewing how other developments have failed.
Coles notes, I noticed commonalities among failed developers: expensive interest rates on being heavily debt-financed, in combination with a less experienced developer. Throw in a pandemic and historical inflation on labour and materials and you have a formula for disaster!
Crypto investors like myself (and I only have a small amount of bitcoin and Ethe) are way down.
I spoke to a successful apartment building investor who made a killing on Boeing shares following the pandemic crash in the stock market only to give it all back on cryptocurrency. I do believe his cryptos based mostly in Bitcoin will likely come back but that’s hardly a guarantee.
Year to date, in 2022, almost everything is down including real estate. The only things that are up are oil and the US dollar. Even gold is down even in this inflationary environment, who’d have imagined that!?
What’s been working though, is boring investing, investment properties with positive cash flow have not gone down like single-family, detached houses or pre-construction condos. On the pre-construction side, I’m hearing some are having trouble qualifying for financing as I’m sure some planned on assigning their contracts without planning to close, hold, become a landlord and rent out the apartment.
On the stock side, generally, stocks that pay dividends have fared much better than speculative companies. For those who understand stock options, a disciplined approach to selling far from the money and using insurance has performed better than those who were less conservative.
Slow and steady wins the race like Warren Buffet has, so we’ll continue to teach defensive investing at both iWIN Real Estate and Stock Hacker Academy.
Anyways, what I think I’m trying to say is gains are easy to make, keeping it is another matter. Slow and steady like buying economically fundamental assets that cash flow has time and time again proven to be a winning strategy. Hence, I’m looking forward to buying this dip with a focus on quality.
Speaking of quality, Kevin O’Leary’s presentation and Q&A revealed a ton of great information and I’ll share my takeaways at Cherry and I’s Real Estate Meetup as Kevin’s input provides me with great content to share in my Investing Through A Recession presentation. Also, my team of award-winning coaches will be sharing the latest we’re seeing on the streets in the real estate rental and resale markets and the keynote will be around garden suites, what I consider the final major value add strategy for the vast majority of real estate investors.
We’ll talk about renovation strategies to maximize return on investment, financing, building code and zoning, etc…
You don’t want to miss it. Saturday, May 28th, same time and place, 8:30 am in our offices at iWIN real estate. In-person only and there’s tons of great networking to be done as many from my network including mega-successful clients attend for the education and to get the latest on the market.
Finding Multifamily Development Deals In Ottawa With Christian Szpilfogel
On to this week’s guest!
Christian Szpilfogel is one smart guy. He’s a former tech executive who worked with Canadian tech billionaire Sir Terry Matthews and he’s implemented a highly analytical and technology-based strategy to maximize the returns on his multi-family investment. Christian detailed the top tech apps and devices for ROI in a past podcast so check it out if you haven’t already, the water metre monitor could save you thousands of dollars via early detection of a water leak.
Christian’s smart on the EQ side as well in his ability to communicate his renovation and development plans with the neighbours to obtain their signed support to get his variances and permits approved. He shares how he’s finding deals, getting offers accepted in multiple offer situations, and even having sellers call him directly.
Cherry and I will be videoing and touring Christian’s properties in early June as part of our Ottawa tour, we’re in town hosting a casual meetup in Centretown at 6 pm on June 7th and on June 8th, Cherry will be a guest speaker at OREIO, the big Ottawa networking group at the Infinity Convention Centre.
OREIO’s Link to register: https://www.oreio.org/event-4738820/Registration
Christian is a good guy, he’s not here to sell anything, his projects are self-funded, and 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 Christian:
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.