Greetings, Canadian Investors!
I trust you all had a great weekend! I know I did, as we here at iWIN Real Estate hosted a sold-out iWin Mastermind Tour in Hamilton this past weekend!
I met some really nice folks and several Truth About Real Estate Investing podcast listeners.
First, we met up for coffee and baked goods; then we toured a fourplex conversion which was special because it will likely be the first of its kind in Hamilton following the Bill 23, ‘More Homes Built Faster’ Act of last year.
We assembled in the living room while my associate Chris “the Captain” Hook walked through the story of the property, the numbers, reno plans, budget etc.
As a real estate geek myself, I found the tour highly educational as I hadn’t been through the property yet, nor had I seen the designer drawings in the handout.
That wasn’t all; next, we toured a house, our bread and butter bungalow, except this one had a two-car, detached garage already roughed in for electricity, water, sewer, and natural gas.
There was already a working furnace in the garage, and if you’ve been a client or attended our events, you know that’s what money looks like to a real estate investor.
Next, we went for lunch. Many of you had questions for me about past episodes, especially the more controversial ones, including the commonalities and red flags to watch out for…
I’ve mentioned it before, and here it is again: multi vacancies means no rent is coming in. Add to that some aggressive investors are borrowing at 8-17% interest rates, delays in renovation and construction, bad general contractors disappear or worse, go bankrupt.
I’ve heard it all over my career of being full-time since 2010 and having family in the trades and renovation business and hundreds of clients executing six-figure renovations.
Another tip is I advised tour attendees to ask how one is getting paid.
I find we Canadians are often too shy to ask. For example, I occasionally am asked if I get paid referral fees from home inspectors, designers, contractors, property managers, etc.
The answer is no, and I’ve had offers, but instead of receiving compensation, I ask that my referrals receive special treatment or reduced pricing.
Pardon me if I’ve said it before, but I jokingly refer to what we do as “being in the business of manufacturing successful real estate investors.”
A successful real estate investor executes as smoothly as possible, generates cash flow, and buys more property from me.
They also refer their friends and family knowing, and that is how we make money – Selling quality income properties where the Seller is paying us our Realtor commission and compensates us for our coaching.
No need to hire a $10,000 – $30,000 coach or coaching program; we have all the experience and power team connections needed to turn anyone into a millionaire real estate investor.
We have over 45 of them among our client roster, and we want to grow that number.
If you are interested in starting or improving upon your investor journey. In that case, I’m hosting and delivering a free training event to answer the #1 question I get, “Erwin, what’s the best investment?”
I’ll cover mostly active investing, which is the only way to become wealthy. Passive is more for the already wealthy and registered funds IMHO.
If you’re on my email newsletter, you’re looped in with the other 10,000+ hard-working Canadians on the latest news and events at iWIN Real Estate.
If you’re not well, that’s just silly. Go to https://www.truthaboutrealestateinvesting.ca/ and sign up today to receive timely updates on our new podcast episodes and be the first to know about upcoming events you won’t want to miss.
Our newsletter is the perfect way to stay connected with us and stay informed about all the exciting things we have in store.
Don’t miss out – sign up now and join our community of 17 engaged and informed listeners!
Quitting Teaching to Full Time Real Estate Agent (31 Doors) & Investor in Windsor With Matthew Biggley
On to this week’s show!
Matt Biggley is doing some very profitable investing in the Windsor, Ontario area with a portfolio of 31 doors, some small waterfront developments, and short-term luxury rentals.
The keys to Matt’s journey are successful partnerships, so we spend some time on how to identify strategic, long-term partners.
Matt Biggley describes himself as a lucky husband; a girl Dad from a family of all boys; a reluctant renovator who once had a chance at an HGTV show; a History teacher once named the Best Teacher in Ontario but who couldn’t remember names and dates; a top Windsor-Essex based realtor who got his license as a side hustle but has quickly become a top earning agent; and an experienced investor with an Airbnb and 31 long term rental units, who hates flips but is still dumb enough to do them anyway occasionally.
Despite telling his wife before getting married that he didn’t like renovating, he once lived in 6 “forever” homes (aka “fornever homes”) in 8 years, taking on massive renovations, which his wife Leslie documented on her way to amassing almost 60,000 Instagram followers and appearing in Better Homes and Gardens magazine, the Toronto Star and on many top design sites.
Matt is a big believer in the power of partnerships, scaling to a 31-door portfolio with his brilliant partner Kyle Pearce and their company, North Shore Properties.
In 2021, he was invited by Doris Lapico, a renowned Windsor Realtor, to partner in the creation of The Real Group, a real estate team that has quickly become one of the top teams in the region.
Matt loves to learn – a little too much sometimes. His favourite book is “Getting Things Done.” He prefers podcasts to the radio in the car, which his family finds incredibly boring.
In light of grieving his youngest brother Ben’s suicide during the pandemic, Matt has awoken a renewed gratitude for life, a passion for self-improvement, and a determination to provide his family with the best life possible.
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.
To Follow Matthew Biggley:
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.