Greetings, my fellow Wealth Hackers, i.e. those on the journey of the most efficient path to your financial goals!
Cherry and I just got back from Ottawa and Quebec City. Besides the amazing food, we hung out with six-time best-selling author Derek Foster and top Business Coach, my coach MaryAnne Gillespie and recorded podcasts, so be on the lookout for those.
We toured Christian Szpilfogel’s apartment building developments and recorded it on video. If you ever want to renovate and develop small apartment buildings, you don’t want to miss this. I’ve been around a while and was thoroughly impressed.
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We met with Stock Hackers local to Ottawa plus Jenn, who drove 1:45 from Montreal. The best part was everyone there made local connections to mastermind the stock and stock options investments.
Times like these, with everyone being down on the year: real estate, stocks, crypto, bonds… there’s nowhere for investors to hide, but as discussed here and in our real estate and stock meetups, we’ve been talking about being defensive, mostly going to cash.
As for timing the crypto and stock market, people I follow seem to think there’s more downside, so I’m holding steady, but I think those markets will hit bottom in the next few months.
We will see; I’ve been wrong before, like Doug Ford’s landslide victory in Ontario. I’ve been spending too much time on Twitter, or maybe Conservatives do not post on Twitter.
But more importantly, I hope Doug fixes the RTA/LTB and removes single-family zoning. I can’t wait to turn my single-family homes into triplexes and create more housing supply without any public money.
Speaking of real estate, it’s a bit of a mess out there, but as expected, the more speculative stuff is the hardest hit.
I chatted with a client on Monday who’s closing soon on a wonderful condo in Queen’s Quay. She paid in the high $600s in 2017, which I thought was a great price. However, there are speculators out there who can NOT close on those condos.
So what’s the market for these assignment deals? Terrible!
That’s nuts. Cherry and I bought houses in 2017, and they have doubled in price AND positive cash flow. These poor condo speculators are going to lose money….
On the other side, the opportunities are amazing for anyone in the market to buy if they have the right connections vs. all these new projects that are hitting the market paying agents 4% commission.
Guess what’s going to get promoted and pushed by commissioned salespeople…
Litigation & Buyers Not Closing; Real Estate Lawyer Update With Saurabh Singhal
On to this week’s show!
We have IMO an incredible story of Saurabh Singhal, who came to Canada recently so their kids could have a better life. He worked a full-time job, then every night after work, studied for 12 months to become a lawyer.
Saurabh is a former Crown prosecutor from back home and now practises real estate law here in Ontario, specifically in Mississauga.
Today, he shares what he’s seeing in the market to let you know how the real estate market is going and the importance of working with Realtors who understand economics, something we study here at iWIN Real Estate regularly.
Thankfully our clients are doing great, but unfortunately, many buyers who bought this past December, January, and February aren’t doing so great.
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 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 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 Saurabh:
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.