On this week’s show, we have Super Star, Real Estate Accountant extraordinaire!
I know she’s extraordinary as I’ve stress tested her with my outrageous tax questions, “Can I deduct XYZ” and CFO abilities with our own 8 figure investment portfolio of both residential and commercial holdings, not to mention our four businesses and one registered charity.
All you single Accountants out there know that you’re a hot commodity. Everyone else, you don’t know the benefits of an in-home CFO who understands your books, does your Accounting, takes your calls from the CRA and applies for your mortgages.
I literally took a call from the CRA this week while standing in Cherry’s office on speakerphone so she could feed me answers, lol.
Not to mention she’s an amazing mother to our two kids, Robin and Bruce.
I gave the kids silliness, Cherry’s the disciplinarian and the loving one hence she’s responsible for all the compliments we get for what great kids they are.
I’m the introverted one, while the kids have regular conversations with adults at adult parties we bring them to.
Yup, they get invited to many functions other kids are not invited to, including their Crossfit class for teenagers, because they’re well-behaved.
They definitely didn’t get it from me.
Please do allow me one proud parenting moment, my youngest, Bruce, won King of the mat in his Brazilian Jiu-Jitsu class.
As you all know, I’m a fan of hacks, and efficient shortcuts, so I’ve been teaching Bruce tactics to counter the trips and throws his classmates are taught in class using single and double-leg takedowns.
Bruce successfully countered and took down all his classmates, including his sister Robin.
Robin, unfortunately, lost all her sparring matches, so there’s much more learning to be done.
No one said I was a perfect parent, lol.
Speaking of hacks as in, efficient shortcuts as they pertain to wealth creation, this is the last call for tickets to the wealth hacker conference. www.wealthhacker.ca <<<
This was the event of the year last time, and it will be this time as well as the entire real estate investment community is expected: Rock Star, Keyspire, REIN, Rich Dad, Trust Your Talent, of course, iWIN.
Our community faces the greatest risks I’ve ever seen, I’ve never seen such widespread financial trouble that makes 2009 look like a blip.
More challenges to come, as I’m hearing private borrowing is all the rage right now. Not to invest but as a last resort to hang on and stay liquid as investors can’t sell.
While the fear is high, the time for greed is soon, so you’ll want lessons from the best of the best experts. My friend and six-time best-selling Author Derek Foster who learned to invest by studying Warren Buffet, is outperforming Warren Buffet’s Berkshire Hathaway in 2022. He’s going to tell us how.
Jordan Anderson is the leading Canadian expert on Bitcoin and cryptocurrency. If you understand the need for hard assets and how fiat currency is yuck, you have to hear what he has to say.
Jesse Itzler, our keynote speaker, who’s worth over $200 million and started from nothing, will be sharing how to overcome challenges and thrive.
Again, this is the last call for tickets to the wealth hacker conference. Don’t miss out >> www.wealthhacker.ca
Last Chance For the Wealth Hacker Conference with Cherry Chan
Cherry Chan, Real Estate Accountant, will be sharing how to retire faster with corporate structures so you can pay less tax and invest more. Cherry and her Accounting partners have been consolidating lessons from their experience working with 500+ real estate investor clients. Since no one hides anything from their Accountant, they know the truth about real estate investing returns, losses, and, most importantly, the path forward.
Cherry’s on the show today to share the burning questions she’s getting from clients these days:
- Tax implications of short-term rentals & AirBNBs, especially when selling
- Where clients lost $$ by not understanding the risks
- Setting up businesses and corporations to invest in the US
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.
This episode is also brought to you by 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 who just made a 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 and 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.
To Follow Cherry:
Phone: (416) 548-4228
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.