Greetings, fellow Wealth Hackers!
I’ve been investing since 2005, including through the last recession, the financial credit crisis of 2007-8. With a high probability of a recession coming, I can’t recommend enough that newer investors connect with veterans who have personal experience investing during a recession— the more real estate they had, the better. I personally had five properties with partners, and those were good times. I’ll go more into detail at our real estate meetup in May.
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Being back in the gym is so great, especially not having to wear a mask to walk into the gym as I’m often running late, so rushing the kids and me out of the car and into the gym is often… well comical. I have my phone in my hand; I’m pulling my gym bag out of the trunk and trying not to spill water on my stuff while loudly encouraging the kids to move quickly as we are late. Then their gym bag gets stuck in the car’s footwell, and my hands are full… dealing with masks for myself too on top of the kids… well, I’m just glad I have one less thing to worry about.
At our last class, Maz, the owner and lead instructor of the Kick Boxing gym we belong to, welcomed me when I walked in and asked if I had a minute to chat. He knows I’m late for class, and I’m thinking to myself, am I in trouble? Did I pay our dues? The last thing I want to do is owe money to someone who’s won over 30 professional fights and has a dozen championship belts on display throughout the gym.
Maz tells me my daughter Robin is doing great in class and is ready to test for her bronze gloves, a two-hour test to exit the beginners’ program, by far the most comprehensive, longest test of Robin’s career. I’m like, great! So what’s to talk about that couldn’t wait till after class?
Maz informs me that Bruce, who’s 18 months younger, is not ready to test and asks how I’d like to proceed.
First, I ask if the kids will be in separate classes, which I don’t want because that means twice the commuting and time investment on my behalf. The answer is no, so I say no problem! I teach my kids all the time one gets what they earn, and this is a great life lesson opportunity.
The heads-up is appreciated, but I wonder how other parents would deal with this situation. I couldn’t imagine arguing with the head instructor that my son deserves to test when I, too, can see that he’s not ready. On the other hand, Robin is very good, likely the best in her class, and she’s been asked to participate in the recording of demonstration videos.
On the car ride home, it’s just Bruce and me in the car as Robin stayed home with a fever that day (non-covid, I rapid tested her myself). I told Bruce how Robin will be testing for her Bronze gloves as the coach says she’s ready and he’s not ready yet. I ask Bruce if he’s fine with that. Bruce asks if he can attend the test with me to support Robin. That’s the response I was looking for.
Apologies for the proud parent moment 🙂
From Living in Affordable Housing to Building 400 Units of Affordable Housing with Alfredo Hermano
On to this week’s show!
We have a pretty amazing story of Alfredo Hermano, who grew up in affordable housing, and now he’s building and developing a ton of affordable housing. He’s got three buildings on the go for a total of 400 rental apartment units with rents well below market value and plans to grow that number to ten buildings and well over 1,000 units. These are investments, and part of the investment was crowdfunded via Addy, which I think is super cool, so even those with smaller bankrolls are able to invest.
On today’s show, Alfredo shares how his company 3H Properties Group is able to work with the government to provide subsidies AND his investors a return.
As usual, none of what is shared today is an endorsement. Please do your research and due diligence; past results do not predict the future, and please seek professional investing advice. Everything shared today is for educational and infotainment purposes, and I wish you all success in your investment returns!
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. 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 Alfredo:
- Linkedin: https://www.linkedin.com/in/alfredo-hermano/details/experience/
- Web: https://www.3hproperties.com/
- Youtube: https://youtu.be/U1OaCTuf8L4
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.