Greetings, Wealth Hackers!

I hear the lockdown in Ontario has been extended by two weeks.

But, great news because the government announced that outdoor recreational activities like golf and tennis courts would be allowed to re-open over the weekend.

Life is slowly getting back to pre-covid normal 😊

Personally, I can’t wait to go golfing again plus I already had my first AstraZeneca shot three weeks ago.

I want to thank the folks sharing their experience of actually having the virus, fever, aches, pain, headaches, hospitalization for two weeks, continued issues months after recovering from the initial severe symptoms.  

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

A post shared by Erwin Szeto (@erwinszeto)

I have no regrets about taking the AZ shot as I know I’ll never have to experience these severe symptoms, let alone be responsible for passing it onto someone else.

In my line of work, I still need to meet with clients.  One lives with his elderly parents; another just had a baby six months ago.  I’d be very upset if I were the one to ever cause them hardship.

Some may disagree with me, and that’s cool. No one agrees on everything with everyone. My kids don’t even agree with me on who their favourite parent is. 😀

Here’s another example… Some took the last 12 months off during the pandemic.  No doubt, life, online school for the kids, health and work all got harder. 

I recall even seeing Facebook posts that one doesn’t need to learn a new skill or side hustle while we are on lockdown.

In my experience, the path to success is not letting things happen to you; it’s making things happen.

As we approach the end of the pandemic, and it will end… places like Israel, several US States, the UK, a mixture of places that either locked down or have high vaccination rates or both have limited restrictions within their borders. 

We’re not that much further away here in Canada but imagine this… Imagine a newspaper, a newspaper all about YOU. 

On the day the pandemic is over, you open the door to your house, the newspaper has been delivered and is waiting for you on your front step.

You open the paper and look at the front page. What does the headline say? 

Does it say you logged 10,000 hours on Netflix, or does it say you came out of the pandemic as your best you?

For all you real estate investors, you’re likely the wealthiest you’ve ever been. No, it hasn’t been easy; I’m there with you. I’ve never had so much vacancy in my student rentals, but all rents have been paid on our regular rentals. 

Even for stock folks, several markets are at or near all-time highs.

On the personal side, I got to spend a lot of quality time with Cherry and the kids.

Just last night on our family after dinner walk, we came across a beaver chewing on a branch.  I’ve only ever seen one other beaver in the wild, so to me, this moment was precious. 

Thanks to my Peloton bike, I’m in great shape between virtual spin classes and strength training. 

Yeah, my golf game stinks not being able to play as it’s too dangerous in covid times, but one day…

Personally, I hope your newspaper headline reads you smashed it!

Totally ok if you needed a couple weeks or months to acclimate to this new environment, but then you went on and crushed it!

If your investing hasn’t been crushing, then hopefully, you’ll connect with us at our multitude of events. We offer free training, free tours, networking events.

If you’re a licensed Realtor on the west side of the GTA, we are hiring full-time agents to work with our real estate investor clients investing in KWC, Hamilton, Niagara Region, etc. 

Go to www.infinitywealth.ca and reach out. If you already receive our email newsletter, reach out if you’re interested.

FYI, our clients are crushing it. 

If you follow the real estate market at all, you’ll know what I’m talking about.

With the federal government committing over a billion dollars to fund the light rail transit system in Hamilton, prices will find another level. 

Hopefully, you’ll let us help you in your journey to a successful side hustle.

The Path To $1M Per Year with Corrie George

This week, we have my controversial friend Corrie George Elieff.

Just a heads up, Corrie has invested in real estate, done a flip and plans to invest in apartment buildings, but that’s not why he’s here today, so we barely talk about real estate.

Why Corrie is here is because the truth about real estate is… The majority of real estate investors have great paying day jobs and that’s how they can convince the bank to lend them hundreds of thousands of dollars. 

But first, having a six-figure income helps, and Corrie has a track record of developing those who are young at heart into successful sales professionals.

Corrie is here and to share his crazy ass story of building his $8 million businesses by the time he was 30 years old. How he met his idol at 26, completely blew it and was laughed at Grant Cardone’s staff meeting of 50 people, heavy drug use as a teenager, quitting cold turkey to move out west and live in a warehouse for eight months…

Almost dying from organ failure, getting stem cells from Columbia, losing $1 million last year, how he’s bouncing back in 2021 and most importantly, how his company competes with post-secondary schools for higher education, giving young people quality sales training.

My apologies in advance if you’re offended by anything Corrie says; if you offend easily, please don’t listen. 

Corrie and I don’t agree on everything, and we don’t have to because, in the end, it’s the results that matter and I’d like to say we both help people.

Please enjoy the show!

HELP US OUT!

UPCOMING EVENTS

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Does anyone else feel oversensitive these days?

I’m not sure what it is, but my temper and patience have grown shorter over the past years. Even the littlest things make me feel emotional.

Yesterday, I received a late birthday present from my brother and sister-in-law via Amazon – a simple comic book.

No big deal, right? Well, it’s a comic book of Shang Chi, the newest in the Marvel’s Avenger series of movies, and he’s Chinese like me 🙂

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

A post shared by Erwin Szeto (@erwinszeto)

I’ve watched every single Marvel movie since the first Iron Man at least three times!

I used to borrow my brother’s Netflix, but now I have Disney Plus+, so it doesn’t cost me anything to keep watching them, lol.

Anyways, I felt a rush of emotions come over me as I opened this simple comic book. As I read the first few pages and my eyes started to well up.

I’ve loved superheroes all my life and kung fu movies; my favourites were anything with Jackie Chan. Now I get to see two of my favourite things coming together.

From a business perspective, I don’t know why Disney didn’t do this sooner – feature a superhero of Asian descent who looks like a few billion people in the world.

As this is a real estate show, Spring is here or has been for some time.

The weather isn’t warm enough yet, so we burned some wood to keep warm while the kids used the pre-heated pool. Thankfully, Oakville allows open fires. 😊

For Spring maintenance, I’m sending my handy person Rob to inspect all my Hamilton properties. He’ll document, quote all the inefficiencies. He’ll also prepare a game plan to address any maintenance and renovations needed.

Rob is a smart guy, so I’ll even have him coordinate any specialty trades needed. eg. HVAC if my air conditioner or furnace needs maintenance. I want to stay not involved as much as possible. LOL.

Real estate like property maintenance doesn’t need my regular attention. So, I outsource jobs to spend more time with the family, working on my businesses and working out. Those activities are more enjoyable to me than painting or cleaning out eavestroughs.

Speaking of real estate, we continue to offer free training classes on the #1 investment strategy in real estate.

FYI the #1 strategy has changed three times in the ten years I’ve been a real estate professional, and it will change again. So, I recommend you learn from the experts on my iWIN Real Estate Team who practice daily.

I’ve even recorded a video explaining how I invest for my kids. You can view it at www.investortraining.ca.

It’s a recording so you can watch it at your leisure. Once you register for it, we’ll let you know when our next free training on real estate is.

The Land Banking Real Estate Lawyer w Hussein Kudrati

On to this weeks’ show.

One of my real estate lawyers Hussein Kudrati is here to share his own experience in the family business. They invest in real estate with the long term in mind, including what’s called “land banking”.

Hussein and his family have benefitted from generations of entrepreneurship. He’s here to share what it’s like and, even though he was born into privilege, his parents raised him to be humble and hustle.

Hussein has a ton of experience working in real estate. He also works with folks who have assets they want to pass onto their kids, paying as little tax as possible.

He was kind enough to share some of those stories today… Including why his family chose to live and invest in Canada though they could have immigrated anywhere. He talks about the “abuse” his parents put him through to ground and humble him and how one can start land banking today.

Please enjoy the show!

HELP US OUT!

To contact Hussein at HSK Law Firm:

https://hsklawfirm.ca/

289-266-0553

HSK Law Firm Professional Corporation

107- 1001 Champlain Ave 

Burlington, ON L7L 5Z4

UPCOMING EVENTS

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Have you gotten your shot yet?

I just did at a Costco Pharmacy! I was a bit early for my appointment, so they took me in early, and the pharmacist read me the side effects to expect. 

I’m well informed on the subject as my dad is a doctor, and I follow several local ER, ICU, and Infectious Disease doctors on Twitter who share, unfiltered, what they see in their battle against this virus. 

One of them is an old friend of mine, Sumon Charkrabati. We went to University and lived in residence together, so I know firsthand how smart he is. Now he’s on the local news all the time.

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

A post shared by Erwin Szeto (@erwinszeto)

Here are their Twitter handles in case anyone is interested:

• Dr. Sumon Chakrabarti: https://twitter.com/TorontoIDDoc
• Dr. Jennifer Kwan, a wizard with excel who posts stat graphs almost every day: @jkwan_md
• Microscope Samantha Yammine, Ph.D. (aka Science Sam): @heysciencesam

Anyways, I showed up about ten minutes early at the Costco Pharmacy and got my Astra Zeneca shot. I barely felt it, unlike the nose swabs for covid tests I’ve taken. I waited 15 minutes till they said I could go. 

As soon as I got my shot, I got emotional and immediately started crying.

I don’t know what came over me, but I think it’s that the end is in sight. I know just a single shot is highly effective, and we’re one step closer to seeing our friends, family, clients, and staff again in person.

I cried even more, when the Costco cashier asked for payment for my $300 grocery bill. LOL.

I went a little overboard buying fresh salmon and ribeyes to smoke, three dozen chocolate croissants, a 5 litres of ketchup since I know I’m going to be living longer, there’s a chance of finishing the bottle ;).

It’s been almost 24 hours since my shot.

The only side effect to report is the injection site is mildly sore, and it’s so mild I don’t even notice it.  I even rode my Peloton bike this morning without any problem.

If anyone is feeling hesitant about vaccines or Astra Zeneca’s vaccine, you’re not alone; I had questions too.

Here are some of the online resources I read.  That and my father is a medical doctor, and my brother is a biologist on the far end of geeking out on the Coronavirus.

Resources:

• This is not the time to comparison shop for COVID-19 vaccines: https://www.theglobeandmail.com/opinion/article-this-is-not-the-time-to-comparison-shop-for-covid-19-vaccines/.
• AstraZeneca’s Covid-19 vaccine proves safe and effective in Phase III trial: https://www.clinicaltrialsarena.com/news/astrazeneca-vaccine-proves-safe/.
• Why comparing Covid-19 vaccine efficacy numbers can be misleading: https://www.vox.com/22311625/covid-19-vaccine-efficacy-johnson-moderna-pfizer.

So far, my mom, dad, stepmom, brother, sister and sister-in-law have all had at least one shot.

My mom is fully vaccinated, she lives in Hong Kong, China, and she legally hosted a birthday party with friends who’ve all been fully vaccinated, without masks, in her condo last weekend. 

It goes to show what is possible with the proper response to covid.

Anyways, back to the subject of real estate, on Saturday morning, May 15th, is our monthly iWIN meeting.

This month we have James “Money Baggs” Maggs sharing how to purchase a foreign vacation property as he owns a condo near the beach in Costa Rica.  I’m sure many Canadians are feeling the need to escape Canada these days.

Also, Real Estate Accountant Cherry Chan CPA. CA. will share how to deduct the interest expense from the mortgage on your home, aka the Smith Maneuver. It is a must-know money saving strategy for all investors of real estate, stocks, cryptocurrency, stock hacking, etc.

You don’t want to miss it.

If you’re on my email list, you’ll receive invites once registration opens. To receive my totally free newsletter that tens of thousands of Canadian investors already receive, go to www.truthaboutrealestateinvesting.ca.

How The Armchair Investor Achieved Financial Freedom By Age 55 With Michael Dominguez

This week we have my old friend Michael Dominguez as our guest.

He’s here to share his journey and lessons in his accumulation of 11 duplexes and a couple of apartment buildings. 

I know we’ve had some past guests share aggressive, full-time, active investing strategies, so it’s a nice change to hear from someone who relied on investing smart and letting time invested in the market do all the heavy lifting for him.

Michael is here to share how he obtained financial freedom and not so fun experiences with tenants, explaining how he shaped his portfolio.

He’s also a serial investor with multiple streams of income beyond real estate, which has enabled Michael to pursue his dream of road tripping in his convertible and taking in a baseball game at all 30 major league baseball stadiums.

Michael also spent the pandemic, after recovering from the Coronavirus, writing a book called “Armchair Real Estate Millionaire” meant for the beginner investor.  

Enjoy the show!

HELP US OUT!

To Follow Michael: 

IG: https://www.instagram.com/armchair_wealth/

Web: https://armchairrealestatemillionaire.com/

Facebook: https://www.facebook.com/authormichaeldominguez

Twitter: https://twitter.com/armchair_wealth

UPCOMING EVENTS

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

 

 

 

 

 

View this post on Instagram

 

 

 

 

 

 

 

 

 

 

 

A post shared by Erwin Szeto (@erwinszeto)

How to Smith Maneuver, Tax Advantages of Owning a Tesla, Personal Real Estate Corporations with Cherry Chan

HELP US OUT!

To Follow Cherry: 

UPCOMING EVENTS

BEFORE YOU GO…

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

• We hosted Stock Hacker Academy for over 200 new students.
• We are moving, so half our house is packed.
• My daughter just finished self-isolation as she was exposed to covid. She just tested negative again this morning, so we can move on.
• Our student rentals are slow to fill as students wait on the sidelines to see if they’re back to in-person school this fall. My guess is yes since the universities are suffering financially and it’s looking like they can get access to vaccines.
• We have a bunch of new hires at work and more on the way.
• We kicked off our Easter Basket Brigade Charity efforts; we will donate $20,000 worth of spring clothing to Hamilton’s underprivileged elementary school kids.
• There was a bit of a minor meltdown in tech stocks and my portfolio took a bit of a hit.
• The new house is being renovated and the scope grows each day.

How To Score 100% On A Personal Finance University Assignment

HELP US OUT!

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

Building a Brand of Influence, Alberta Market Update with Best Selling Author Russell Westcott

HELP US OUT!

To Follow Russel: 

Looking to add another stream of income?

NO MORE Confusion

From Top Real Estate Coach in Canada To Launching New Authors From California

HELP US OUT!

To Follow Julie: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

Financial Lessons of 2020 from the Wealth Hacking CFP With 14 Properties and 1-2% Cash Flow Per Week With Kathleen Van Den Berg

HELP US OUT!

To Connect with Kathleen: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

Leaving Corporate By Investing in Condos, Then Duplex Conversions, Then Apartment Building Conversions, Six Figure Side Hustle Stock Hacking With Martin Kuev

HELP US OUT!

To Follow Martin: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

How A Former Teacher, Now A Contractor Buys Off Market Houses to Duplexes And His New Found Six Figure Side Hustle With Rene Masse

HELP US OUT!

To Follow Rene: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

3 Side Hustles For Multiple Streams of Income: Real Estate Syndication, Hedge Fund, and Realtor with David Sun

HELP US OUT!

To Follow David: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

Replacing Teacher Income With MLM and Real Estate and $200,000 On A Duplex Conversion with Pascale Brisson

HELP US OUT!

To Follow Pascale: 

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

Happy Halloween from our family to yours!!

A post shared by Erwin Szeto (@erwinszeto) on Oct 31, 2020 at 1:36pm PDT

10 Duplexes In Five Years, 100% Committing to Wealth Hacking, Cash Flowing 1-2% per WEEK with Kris Lewis

Looking to add another stream of income?

NO MORE Confusion

To Follow Mike:

Looking to add another stream of income?

NO MORE Confusion

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto) on Sep 28, 2020 at 4:01pm PDT

The Worst JV Divorce I’ve Ever Seen With Seth Ferguson

To Connect with Seth:

• Youtube: https://www.youtube.com/channel/UCtFJbKpP0PKd1YT0PF_WNnQ
• Web: https://sethferguson.ca/
• Podcast: https://sethferguson.libsyn.com/creating-wealth-is-your-duty-erwin-szeto-0

Looking to add another stream of income?

NO MORE Confusion

How A Former Technology Executive Automates His Real Estate For Mega Savings and Profits w Christian Szpilfogel

To Follow Christian Szpilfogel:

• Facebook: https://www.facebook.com/szpilfogel
• LinkedIn: https://ca.linkedin.com/in/szpilfogel
• Instagram: https://www.instagram.com/aliferousproperties/
• OREIO: www.oreio.org
• Facebook: https://www.facebook.com/szpilfogel
• LinkedIn: https://ca.linkedin.com/in/szpilfogel
• Instagram: https://www.instagram.com/aliferousproperties/
• OREIO: www.oreio.org

Looking to add another stream of income?

• Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
• 8 Weekly coaching webinars taught by Lee.
• Access to all of the recording for 12 months
• And so much more…

NO MORE Confusion

• Profiting in a HOT market…
• Municipal bylaws to watch out for…
• Mortgage terms that favour refinancing…
• AND one barely used tactic for higher appraisals…

Hello, fellow wealth hackers!

I trust everyone is well!! From people I speak to who are investing in stocks and real estate, the response is overwhelmingly positive with bumps along the way. 

Nothing is ever perfect.

In one of our student rentals, we installed an air conditioner in the attic and the students are happy except for one – The student who’s bedroom closet has the attic hatch.

Well, they’re not happy at all because dust got onto their furniture and they feel they weren’t given enough notice even though my property manager emailed them a week in advance of the installation and cleaners were in the house not even five minutes after the AC installer left.

I know because I was there.

The cleaners pulled into the driveway as I was leaving.

We offered to send the cleaners back but the student’s mom wants to be present to check if the workers and my handyman are wearing masks.

She asked to hold off on any other renovations so she can work it out in her schedule to be on hand but she didn’t want to take responsibility for the delays in letting the other student tenants know the cause of the delays.

Cherry and I are big on customer service hence we already gave a roughly 10% credit for the summer months which the students accepted and to send the cleaners back at our expense or to pay the disgruntled mom to clean herself if she preferred to keep the cleaners from returning.

What does she want? A four-month rent credit?

She also asked that I be present for her to vent her frustrations when my property manager is already present and authorized to represent me. 

I’m pretty busy between family and business and investing so that wasn’t going to happen.  Plus I’m not a fan of confrontation.

We have already offered the student and mom out of the lease as there is no satisfying her and as the saying goes, “How you do anything is how you do everything”, we’d like to avoid any future drama.

Such is the importance of having multiple streams of income.

Our portfolio can handle a hit to cash flow to make everyone’s lives easier. Life is too short to handle the drama from someone who wants thousands of dollars of compensation for dust on bedroom furniture.

This whole COVID thing is responsible for some special times. 

I’ve seen my brother once since January.  He came to my house to pick up a cooler for camping, he didn’t touch anything as he’s a biologist by education and studied infectious disease at school so he’s more cautious than most.

I miss him and my niece who’s only three years old but that’s what being responsible and respecting other people’s wishes is all about.  Families, tribes, society, etc… don’t get along without well, getting along. 

Then I see all the toxicity on social media. It’s crazy.

I generally don’t engage in it like discussing politics and religion on social media.  From anyone who’s read How to Win Friends and Influence People by Dale Carnegie, you’ll recall no one wins in an argument, there are only losers. 

Often both parties walk away angry at each other with neither being convinced to change their views and sometimes strengthening their resolve. 

So what’s the point? It’s a waste of energy in my opinion.

Then there is one of my favourite tips from the super awesome Tim Ferriss, best selling author of the Four Hour Work Week. 

In his book Tim gives the example of an upcoming election, how he saves time and energy, he simply asks a couple of people who have similar values on how they will vote and why and makes his decision from there.

In my experience, I’m lucky enough to be the son of a medical doctor and one of my best friends from school basically got perfect all through elementary, high school, university, and medical school.

I ask Dad how to protect his grandkids and he gives his advice.  Dave my doctor friend now works in a hospital so I ask him what he does for him and his three kids who are around the same age as mine. 

For me, that’s good enough for my family and me.

Everyone is entitled to their opinion, it doesn’t necessarily mean it’s a qualified opinion.  No different than when I say the Leafs need to trade for a defenseman. I have no idea who’s available or who would be good on our team but yeah, I have an opinion. 

You’re more than welcome to ignore it but just don’t argue with me 😛

We should already know this.

But too often we forget it.

You never know what’s going on in somebody’s life; what they’re dealing with.

• Physical health.
• Mental health.
• Racism.
• Financial burdens.
• Jobs.
• Divorce.
• …the list goes on.

So be kind. Be an ally. Be a friend. Be better. Don’t have anything nice to say then don’t say it at all.

If anyone out there needs help feel free to reach out, I’m not hard to find.

Last week we lost one of Toronto’s finest. Nearly a decade with the Toronto Police and just over a decade with the Canadian Armed forces.  He was lost to suicide due to depression.  Someone who on the outside had it all.

I just wish he had said something and I’m pretty sure we all feel that way when these things happen.

Rest in peace Constable. I hope you’re in a better place, you should have seen your funeral, there were so many people there to say goodbye.

Personal Growth Of A Single Parent From Selling Tupperware To Real Estate To Investing for 50% Returns and Stock Hacking with Lynne Tham

On to this week’s guest, Lynne Tham.

She was nervous to come on the show which is not uncommon. Public speaking by some surveys ranks higher on the lists of fears above death itself….

Lynne’s kids including my friend Simon told her to just do it and she did!

I’ll post Lynne’s full bio on our website, www.truthaboutrealestateinvesting.ca.

It’s a wonderful Canadian success story of a teenager immigrating to Canada, falling in love with the greatest country in the world. 

Started a family, stayed at home to raise the kids, picked up a side hustle in multi-level marketing, excelled, became a single parent, became a Realtor, had a wake-up call at age 55 that she needed a retirement plan.

Invested in real estate, de-invested in real estate and now a pretty successful stock hacker.

I know we have several full time professional, uber-successful real estate investors like Ryan Carr and coming up next Leslie and Jamie Collard and their 160 units but for the investor who wants to take it easy and be a bit more passive…. Well, it worked out for Lynne.

Full bio:

Proud mom of two successful adults (Simon and Melanie) who form our family real estate team (we do between 40 – 50 deals per year as a team). 

I’m a constant advocate for personal growth in my own life and determined to create my own financial future goals of being able to live, travel and work from anywhere in the world. 

My own story – came to Canada by myself as an 18-year-old, without knowing anyone, from the UK, to be a nanny, in 1978.  It was supposed to be a one to two-year work stay.   Fell in love with the country, got married at 21 and became a Canadian citizen. 

Being a stay at home mom I was recruited to sell Tupperware in the ’90s and this was the beginning of personal growth for me.  I realized that I was a salesperson and loved motivating myself and other people to reach goals. 

I was with them for 10 years and ended up owning a distributorship with them in the Toronto area.  

After becoming a single parent in the ’90s, I had a five-year stint in the car business, being a business manager and selling cars, but long hours and very little personal satisfaction, motivated me to take my real estate license. 

I became an agent in 2006 with the desire of being able to have the ability to increase my income and have the flexibility to travel to see my kids, who were both now living in the U.S. (Melanie on a gymnastics scholarship at Iowa State University and Simon modelling in NYC).  

After building my business for six years it was a welcome addition to have my Mel join me in the business after she graduated university and then Simon, two years later. 

Both of my kids did not have real estate as a career goal but they kind of fell into it after realizing that it was a great way to earn good money and also be able to pursue other passions (not to mention my daughter’s teaching degree did little to generate an actual job in teaching and Simon realized that modelling looks don’t last forever – but as his mom, I would disagree 🙂 and he’s still modelling now)

Five years ago, at age 55, I was staring at my future and realizing that I needed more of a retirement plan – at that time, my net worth was basically the equity in my Mississauga townhouse (at the time, worth around 775k, and I had a mortgage of $300k on it) and I had $200k in RRSP’s and that was it. 

When I looked into what the Canadian pension was, if I waited until 65 to draw it, it was a wake up call.  

This started my journey into how to build a consistent income of at least $10k a month within the next five years.

I had met with an investment guy from a reputable company, regarding what to do with my RRSP’s, who told me he could generate me a guaranteed 8 – 10% annually with their various investments. 

It sounded a lot better than the 2% than my Scotia funds were generating, but luckily, I was introduced to investing in second mortgages by profunds in Burlington and decided to put my money there (it has now grown by over $100k in four years).  

Simon had introduced me to your podcasts and it opened up a new world of exploration. 

Around this time, I was invited to an event at my Keller Williams brokerage, put on by two agents who were representing, Brian Pullis’s project in Orillia. 

They were offering an investment opportunity to purchase a townhouse in an older complex that had been refurbished and all the interiors gutted and renovated. 

The homes were offered at $247k, and they were offering a $7k builder incentive and on top of that, my 2.5% real estate commission, so essentially I could buy one of these homes for $235k. 

Again, embarrassingly, I hadn’t realized that I could take an 80% line of credit against my primary residence to take the down payment for an investment property, and I had always had the mindset that I needed to pay off my mortgage before doing so.   

I got the line of credit and purchased my first property. 

The type of property fit me well as it was easy to manage, (one-year property management was offered for free), and it cash flowed ($1400/month in rent). 

This was a great first experience and it encouraged me to buy a second property in Orillia, which I had realized through listening to one of your podcasts (and Jules McKenzie), was listed in REIN’s top 10 cities in Ontario to invest in. 

The second property was easy as it was new construction and the builder was only requiring $20k down.  I closed on it a year later and after buying it for $345k and putting $20k into it, it attracted good tenants and covered itself.    

I sold the first property 3 years later and made around $70k net, and I just sold the second one (closed yesterday) and made $145k in three years.  

Last year, I had looked into the possibility of buying another investment property (at the time, I owned only one of the Orillia properties), but it had become so much more difficult to qualify for a mortgage and I was approved to buy at $600k, with B lender financing and it would have to be a legal duplex, generating $3400/$3500 monthly for it to work. 

I realized that it was too much for me at this point in my life, to drive to Oshawa (where it seemed like the only opportunities to do this, existed in this price range).   

In the summer I attended your IWin meeting where the discussion came up about the upcoming stock hacking course.  I was so inspired by Adriano’s story and I had been listening to your increasing interest in doing it yourself and was following your progress. 

Unfortunately, I was in Portugal in September when the first class was offered but as you know, Simon attended and he seemed to be quite inspired and impressed. 

What sealed the deal for me was hearing Habib’s podcast with you, in the late fall, and I knew I had to sign up.  

Since taking the two day course in December, it has changed my life. 

No other words for it. 

I started with $150k from my HELOC and then added $40k two months later.  Since just before Covid, as of today, I’m up $54k, which is nicely falling into my goal of $10k/month and is opening up my future. 

I plan on taking the profits from the sale of my investment property and adding it to my account, with the goal of making $15k to $20k a month consistently.   

I am constantly amazed at how options trading is not only something that I could grasp but is so easy, enjoyable, flexible and unlimited. 

I now find myself talking real estate clients (especially the ones around my age) out of buying their first investment property and doing options trading instead. 

As you always say, there’s a place for both and they go hand in hand, but for me personally, and others in my situation, looking at retirement and how to fund it, in my opinion and experience, this is an incredible option. 

To Follow Lynne:

Facebook: https://www.facebook.com/lynne.tham/

Web: https://thamteam.com/

Looking to add another stream of income?

On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:

• Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
• 8 Weekly coaching webinars taught by Lee.
• Access to all of the recording for 12 months
• And so much more…

If you want to see this in action, click here to register for the next FREE Trading Demonstration.

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

• Profiting in a HOT market…
• Municipal bylaws to watch out for…
• Mortgage terms that favour refinancing…
• AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca. 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.
Erwin
Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

View this post on Instagram

Thank you everyone for your well wishes and asking about Bruce’s well being. Thanks to the amazing doctors and nurses and pharmacists at McMaster Hospital, we were out in one day and given a prescription for antibiotics for the next 8 days. . I’m grateful this was minor and stayed minor.

A post shared by Erwin Szeto (@erwinszeto) on Aug 19, 2020 at 3:24pm PDT

How A Veterinarian Quit His Job By Investing in Real Estate and Stock Hacking with Michael Bugg

To Follow Michael:

• Personal: 
  • Facebook/LinkedIn:  Michael Bugg
  • Instagram: @michaelbugg.dvm
•  Real Estate:
  •  Facebook: YXE Real Estate Group
• Veterinary Project Podcast:
  • www.anchor.fm/veterinaryprojectpodcast
  • On all the usual platforms and YouTube
  • Facebook/LinkedIn: The Veterinary Project
  • Instagram: @theveterinaryproject
  • www.theveterinaryproject.com

Looking to add another stream of income?

• Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
• 8 Weekly coaching webinars taught by Lee.
• Access to all of the recording for 12 months
• And so much more…

NO MORE Confusion

• Profiting in a HOT market…
• Municipal bylaws to watch out for…
• Mortgage terms that favour refinancing…
• AND one barely used tactic for higher appraisals…