I trust everyone is enjoying this lovely spring weather!
I was lucky enough to get in a round with some buddies. I didn’t play great; I shot a 118, but that’s improved from 12 months ago when I shot a 130 for my first round of the season.
Golf prices are always a victim of inflation, the posted rate for the public is up around 30% higher than last year, and I heard the cost of a bag of fertilizer used by the golf course went up from $38 to $71.
That’s a serious increase of 87%, and I’m sure food prices will be higher since fertilizer is used to grow our food.
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One thing that’s not going up right now is the investment real estate that we target for ourselves and our clients. Some see that as a bad thing, but not our client, as last week, we scored a detached bungalow for under $875k in Brantford. The seller is in construction, so the house is renovated well above rental standards, AND the basement is already a basement apartment done to code but without a permit.
Our contractor, however, expects we will need drawings, permits and city inspections but most importantly, little to nothing in hard costs as in no renos required. The big bonus is the ballpark price on converting the garage to a self-contained apartment has the total investment cost under $1M, all in for what will be a triplex. Early estimated rent is $5,600 per month, plus we have a lender who will provide a construction loan for the renovations.
Two months ago, we would have needed to pay $100,000 more for this house, competing against a ridiculous number of offers, vs. today, we’re competing with less and buying the dip.
How awesome is it that, while some out there are panicking about interest rates, historically, this is still cheap money to me, and our client will use cheap money to create some serious cash flow. And who doesn’t want more cash flow in an inflationary environment?! Technically everyone should.
Real estate is a hedge against inflation, and if you follow the stock market, all the best dividend-paying companies are trading at all-time highs. Side note: thank goodness we own some of them. It makes shopping at Costco a little less painful knowing we own a slice of their business excellence.
Anyways, I hope everyone out there has their finances in order in terms of the mortgage capability to go deal shopping.
Lessons From Managing 2,000 Houses & R.E. Investments On The Blockchain With Moe Hansrod
On to this week’s show!
Today we have an old friend of mine, Moe Hansrod, who’s been in real estate since the early 2000s as both investor and property manager.
Moe is currently an owner of KW Property Management (KW stands for Kitchen Waterloo, not Keller Williams) with around 2,000 doors and 600 clients, mostly with single-family homes w/ the average investor client owner 3-5 houses.
Today, Moe is on the show to share some truths about real estate investing, including picking up the pieces after what out-of-town Realtors promised investors in terms of overinflated tenant profiles and rents by as much as 25%.
Moe is also an investor in Realmeproperty, a startup, real estate, and financial technology company offering blockchain-based, affordable investing opportunities in cash-flowing real estate. Moe’s young friends Akshat and Rishard, who are super bright and going places, are here to explain how their business provides opportunities for fractional ownership of investment properties.
As always, anything said on this podcast is for educational, maybe entertainment purposes and not an endorsement of any investment. For investment advice, please seek professional advice from a financial advisor, which my guest and I are not.
My unprofessional opinion? I’m excited to see where RealMe goes. I’m sure many of you would like an opportunity to early exit a portion of our investment properties one day while offering an opportunity to those with smaller amounts of capital to invest because everyone needs exposure to hard assets.
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 Moe Hansrod:
To Follow Akshat and Rishard:
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.