This episode is brought to you by Cherry and I’s Wealth Hacker Conference on November 12th, 2022!!
After the success of our first conference in November 2019 and several postponements, we’re finally back and ready to 10X for the conference of the year for investors and entrepreneurs alike!!
We have expert speakers on business building, real estate, stocks, cryptocurrency, etc., who will be sharing their secrets to building wealth most efficiently during a one-day, all-day, live and in-person event.
There won’t be an online option, just good old fashion networking and, for many of you, a homecoming to see all your friends from all the investor organizations: REIN, Keyspire, Rock Star, Legacy/Rich Dad, iWIN, Stock Hacker. We’re all cool people, and we are inclusive like that!
Don’t miss out, as it’s safe to assume all your friends will be going as over 1,500 like-minded individuals attended last time. Get your tickets today at www.wealthhacker.ca
Some recession we’re having, eh?
We’re definitely in for a recession, a real one since we avoided a long one when the pandemic hit, thanks to all the government stimulus money and rock bottom interest rates.
Unfortunately, the government over-shot the spending and stimulus; hence we find ourselves where we are today, with Stocks, Crypto, and real estate all down after going too high in 2021.
How low we go and how soon or how much appetite our governments have for job losses and bad economy till they reverse again and cut rates is anyone’s guess.
To me, it’s if and not when.
CMHC just came out with a study that Ontario needs to double its most ambitious goals for creating supply to achieve affordability. Good luck with that with all the government red tape and lack of construction labour. While Canada just set an immigration record in the last quarter.
Rents for single-family homes have now gone over $3,000 per month on single-family homes in the areas we invest outside the Greater Toronto Area. That’s right; rents are at historic highs since buyers delay buying due to rising interest rates.
I’ve always thought of renting as making the landlord rich, market dependent, and to each their own.
I’ve advised family to rent before as they lived in a less desirable neighbourhood and building and to invest for cash flow just outside Toronto.
Luckily I was right, as the pandemic caused an exodus from urban condos and prices for suburban houses to rise 30-50% during the pandemic.
Back in February, each week, we couldn’t believe what XYZ property sold for, and now the pendulum has swung the other way. We can’t believe what discounts our investor clients are getting, plus home and financing conditions.
We just had a client buy a huge house by our standards, a 1.5 storey in Welland, 1,900 sq ft for over $150,000 off the peak price for low $500s. When including the basement, there is sufficient space to convert this single-family home into a triplex within the existing structure.
We’re tripling the housing supply on one property without a cent of public money. So all in, our client will have spent around mid 800s and have rents at over $5,000 per month when done.
I call that a winning buy, and hold, cash-flowing property with the opportunity to refinance to take much equity out.
Coach Chris “The Captain” Hook and I will go through the deal in more detail in a future youtube episode.
I’ll also be blogging more about investing in general, including the happenings in the world that drove my decision to build an eight-figure real estate portfolio with only Cherry and I’s money.
We only have one student rental joint venture. The rest of the investment, risk and rewards is all ours.
As part of my work, I’m always reading up on the news, usually paid sources, to avoid fake and mainstream media because I don’t want people making money off me telling me what I want to hear.
I’m a truth seeker, and often paying is the more efficient path to finding quality.
Losing 150lbs, Beating Cancer, #1 Business Coach and WINNING the Iron Man With Mary-Anne Gillespie
On to this week’s show!
We have my business coach Mary-Anne Gillespie who I’ve been with since around 2014.
Mary-Anne, or Coach MAG as she’s known, lives in Ottawa and we did coaching over the phone, so I never got to see her. But for as long as I’ve known her, she’s been running long distances and high energy.
Since meeting Coach MAG, she’s beaten Cancer, she didn’t even tell me she had Cancer, and you’d never know talking to her. She lost 150 pounds.
For the first time publicly on this show, she shared with me how her parents died when she was 16 and was homeless.
Our last episode with Mary-Anne shared how she completed her first Iron Man Triathlon in the US during the lockdowns and pandemic. She’s immunocompromised from cancer, only had one shot of the vaccine and still travelled to Tulsa and finished the race.
That was just over a year ago. Last weekend Mary-Anne not only completed another Ironman, but she won 1st place.
I don’t know how she does it.
Coach is a successful Realtor, real estate investor, and entrepreneur. She’s a member of several of the most exclusive mastermind groups and therefore has lots of insights into the markets and economy.
If this interview does not inspire you – I don’t know what will.
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 Coach Mary-Anne Gillespie:
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.