Welcome to the Truth About Real Estate Investing Show for CANADIANS… The little show that started as a six-episode experiment in 2016!
And after blogging every week for five years, we pivoted to podcasting.
I used to ask guests if they preferred tea or coffee, and what they had for breakfast, along with another 80+ prepared questions to now only a handful of questions, including my favourite ice-breaking question: “what’s keeping you busy these days.”
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What’s keeping me busy is all the Strategy Calls I’ve been doing with attendees who bought them at the Wealth Hacker Conference.
Next, I’ll be offering strategy calls to all my past clients as I’m finding that many investors are stuck and unsure of what to do next.
In general, I’m finding a lack of confidence which is fine.
All the cons out there are by overly confident shysters who lack experience and know-how. Worse, some coaches are setting up their clients for failure.
To avoid failure, we’ve always taught our clients the risks of real estate investing one property at a time.
We guide them through the cash flow analysis and the execution of acquiring, renovating, renting and sometimes refinancing.
99% of our clients complete one property at a time to ensure a winning portfolio of investment properties.
Boring, systematic, proven, predictable, low risk and profitable, just the way we like it.
We have a lot of data backing up our investment strategy, with currently over 45 self-made real estate investor millionaires among our clients, and our goal is to get that number to 200 in a few years.
Enough about investing, as all the talk about investing makes Erwin a dull boy 😄
The Saturday before last, I attended a long overdue guys’ night out and not just any guys’ night out, but a real estate mastermind of sorts. Charles Wah is an award-winning land developer and builder, Andy Tran is a leading authority in renovating additions and has been the consultant for all of my basement apartments, and Roger, who I think owns 17 investment properties now. It’s hard to keep track.
Anyways, there was a ton of real estate knowledge out and about downtown on Saturday night, enjoying dinner twice and a couple of beverages.
Roger even received an offer on one of his properties while we were having dinner LOL.
Hopefully, you have a great group of real estate friends too, and as I advised one of my clients, always be looking to expand your circle of real estate friends to those with more skills and experience than yourself and those five people you spend the most time with.
From Fearing Tenants to Working at Single Key with MacKenzie Wilson
Speaking of investors with knowledge and experience, this week we have Mackenzie Wilson of SingleKey, the tenant credit and background check reporting service that recently acquired Naborly.
If you haven’t heard of SingleKey… well, they are quite popular in the circles I run in, and for you new investors, you’re so lucky you don’t have to run credit checks the old way…
Mackenzie is a very diligent investor from Calgary, Alberta.
He shares how we went from oil rigs and IT at Telus and left it behind to start an online business in real estate that didn’t go so well, but he survived, still owns his three duplexes in Calgary and works at SingleKey as a Director.
As you’ll soon tell, Mackenzie is a diligent landlord (one of the most diligent I’ve ever met). He loves to help other landlords in Alberta out, as he’s always sharing and educating his peer group of 4,200 Alberta Landlords.
On today’s show, we talk about the difference between commercial and residential in Calgary, Calgary vs. Edmonton.
Of course, we talk about tenant screening as it appears to be a passion of Mackenzie’s even though his properties are in Alberta and how appropriate it is his day job is now at SingleKey.
One big nugget is I asked Mackenzie, “As a beginner investor, what should I buy in Calgary?” His protip is a good one.
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 Mackenzie:
Alberta Landlord Community: albertalandlordcommunity.ca/
Two recent articles Mackenzie recommends
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.