Welcome to the Truth About Real Estate Investing Show for Canadians!
My name is Erwin Szeto, host of the #81 ranked Business podcast per iTunes, President of the Registered Charity, the Hamilton Basket Brigade, four-time Realtor of the Year to Investors, and among our investor clients, 45 self-made real estate millionaires.
We are very grateful for the trust our clients have placed in us, and we’re overjoyed with the results that boring, systematic, cash-flowing real estate has provided.
We will be touring said types of properties in Hamilton, Ontario, on the morning of Saturday, February 25th.
Investors will have a chance to look at real-life, BRRR or flip income properties ideal for someone to hold long-term that belong to our successful clients.
When working with my award-winning team, you don’t need to buy an expensive course or invest in five-figure coaching to invest in quality real estate.
Save the date, the morning of Saturday, February 25th, in Hamilton. Details are in my email newsletter that already goes out to 10,000+ hard-working Canadians.
If you’re not one of them already, that’s just silly, go to www.truthaboutrealestateinvesting.ca, enter your name and email address on the right side, and you’ll begin receiving email updates when new episodes of this show are available and invite to events we make available to the public.
Thank you to everyone who attended the sold-out, in-person-only iWIN Meeting this past weekend.
We raised over $1,000 for the Hamilton Basket Brigade, which will be used to buy warm winter clothing and boots at discounted wholesale prices for underprivileged children in Hamilton.
Needless to say, the idea of children being cold in the winter, wearing water-soaked shoes with holes, and leaving their toes exposed to the elements is just sad; hence we at the Hamilton Basket Brigade are doing something about it.
If anyone would like to help honestly, the best thing to do other than make a donation is to refer people you care about to Cherry and my businesses.
The more good people we can help become rich, the more donations we raise.
Back to Business…
Did everyone see the Bank of Canada’s latest rate increase of 25 basis points?
That’s a 0.25% increase to 4.5% and continued quantitative tightening and plan a conditional hold on rates there and see where inflation and the economy go.
Our central bank is the first major central bank to say it would pause rates.
The BoC forecasts the economy to stall in the first half of this year, does not foresee a significant recession, and inflation is expected to be about 3 percent by the middle of this year.
I have many thoughts, and if you, my 17 listeners, are listening, I’m hoping you want to hear them.
The Bank of Canada mentioned how the unemployment rate remains stubbornly low. To reduce inflation, having folks out of work would help, as people without income typically don’t spend much.
So why didn’t the government and BoC control their spending in the early pandemic?
I think it’s an excellent question for our leadership, especially after our former Finance Minister, Bill Morneau’s book, is out where Bill details how the Ministry of Finance would make fiscally responsible recommendations to target those losing their jobs…
Only for the Prime Minister to ignore said recommendations to create their own decisions to spend more, make people happy and would get more attention from the media.
Great for optics in the short term, terrible fiscal policy for the medium and long term as we as taxpayers will be forever burdened with all this added debt only to see small businesses like restaurants now fail due to inflation, recession and lack of labour.
Plus, we’re going through economic pain now. All this inflation and added debt only delayed this recession three years.
Was it worth it?
In hindsight, I don’t think so, but these government decisions are well above my pay grade, so we, as investor entrepreneurs, must roll with the punches and play the hand we are dealt.
I know that sounds cliche, but if you tuned into my presentation at the Wealth Hacker Conference or Cherry’s client-only webinar or attended our in-person iWIN meeting on January 28th, then you know where we think this is all headed.
I see the green light to acquire more long-term, buy-and-hold, cash-flowing investment properties.
Make sure you’re on our upcoming Hamilton or Oshawa tours of quality income properties, we are past the bottom for our target investment properties, and our clients stand to benefit the most from this market.
www.truthaboutrealestateinvesting.ca, get on our email newsletters, enter your name and email on the right, and I’ll see you at one of our events!!
From 25 RTOs To Building Her Dream Home & LT Holds With Brooke Shang
On to this week’s show!
We have an author, coach, mentor, mom, wife and investor since only 2017 who’s done a lot while keeping her day job.
English isn’t even Brooke Shang’s first language, as she moved to Canada from Taiwan at age 17.
Brooke has done a lot…
From losing $50,000 on a joint venture in Winnipeg with a now bankrupt partner who drove a Porsche to owning nearly 30 rent-to-owns, a bunch of duplexes, and focusing more on private lending.
She’s also building her custom dream home thanks to the profits from tenants buying out the RTOs and selling other income properties.
Like past guests Tim Tsai and Vince Lee, Brooke is also a leader within the Trust Your Talent Academy.
Brooke’s story is a good one about how much one can accomplish in a short time while keeping the day job and how one’s goals change, e.g. Brooke has hustled and now wants more passive investments.
It all works; one must decide for themselves what journey they’re on.
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 connect with Brooke:
Book: FINANCIAL FREEDOM THE ROYAL WAY https://a.co/d/0p90cVB
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.