I trust everyone is doing well!
Because my personal and family’s health situation allows, I attended an in-person event hosted by the Entrepreneur’s Organisation to mastermind and watch a presentation on the Great Resignation.
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As always, I learned a lot and took many notes that I plan to share at our next meetup hosted by Cherry and me. Three things that stuck out to me:
- Exit Plan – We all need one.
- Money – Not many were taught about money as kids
- 1,000,000 job vacancies in Canada and rising
Speaking of exit plans, we are in the middle of refinancing a couple of properties with a new lender. We plan to take some equity out tax-free and, without having to sell, take advantage of the most sellers’ market I’ve ever seen before the market gets softer, which I believe has already begun. How soft will it get?
As mentioned, we have a ‘Cherry and Erwin’s Real Estate Meetup’ coming up on March 26, and we’ll elaborate more on where the market is at and review what happened during the last correction of 2017. What happened may disappoint you as it was a wonderful time to get into the market.
Did I mention we are back to in-person meetings!! Yay! There will be no virtual/online component as our AV staff have been overworked thanks to the pandemic, and they’d like the weekend off.
I’m personally excited to be back to networking with like-minded people, live and in-person like the old days. The mask mandate is expected to go away before our March 26th meeting, so we’ll let you adults police yourselves, and I’ll have n95s for $1 for anyone who feels they need more protection.
My presentation is on how the rich structure their investment portfolios and share some of the best practices implemented by our clients, several of whom are now retiring early and comfortably.
If you are interested in more affordable markets with better opportunities for cash flow, we have Steven Phillips from Belleville to share how to invest in Belleville, Ontario.
Saturday, March 26, come to network at 8:30 am; we start at 9 am, and the meeting ends at 12 pm but stay for the networking.
Tickets cost $20, which goes to charity. CLICK HERE TO GET YOUR TICKETS
if you are a client, tickets are free, and you’ll get yours in your email.
On to this week’s show!
Out of Africa To House Hacking, Student Rentals & Now Mentoring with Hilary Tolong
Hilary Tolong is a long-time client of ours who’s been on quite a journey…
From growing up and immigrating from small-town Kenya, Africa, coming to Canada on a student VISA as so many immigrants do, then really getting outside his comfort zone house hacking and started investing in real estate.
Imagine that… Coming from a rural community with one or two tea shops to buy houses and rent them to university students and regular rentals. The first property was a student rental in Thorold, Ontario, in 2015 for $351,000.
Hilary’s strategy for systematic, fully furnishing his student rentals is a first that I’ve heard of, so you’ll want to take note!
He didn’t stop there as he started mentoring others in his community and even joint venturing with some of them to purchase properties in Northern Ontario. I hope that’s good news for our investor friends up north with nickel pricings spiking.
Hilary has a full-time job that he enjoys and is proof that one can invest successfully for a comfortable retirement as a side hustle. He has no plans to go full-time into real estate.
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 Connect with Hilary:
Linkedin: Ontario mortgage coaches
Website: Home – My Mortgages Coaches
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.