With everything going on in the world right now, we’re fortunate to be Canadian!
If you don’t believe me, ask your friends with family in China, Pakistan, Sri Lanka, Russia/Ukraine, and even New Zealand.
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If you can believe it, a country with a population of only 5 million people has a higher average home price than we do here in Canada; hence they’re experiencing a massive brain drain in losing talented people moving out of the country.
In Dublin, Ireland, over 100 people waited in line outside a house for rent in Dublin, Ireland!
Thanks to inflation, rising interest rates, and the inability to raise rents to match rising costs of living thanks to rent control, Ireland serves as a sneak peek into what we who operate under rent control have to look forward to.
The Smart Prosperity Institute just produced a report stating our housing shortage in Ontario is 471,500 units, and 1,034,900 new units are needed to keep up with demand over the next ten years for a total of 1.5 million units.
Unfortunately, the government forecasts only 700,000 new homes to be built over those same ten years.
If you’ve been following the news or speaking to builders like me, you’ll know many projects have been paused, delayed or even cancelled.
There are a lot of unknowns going forward; however, here at iWIN Real Estate, my coaches and I are staying on top of the available economic data.
I’m talking to people like my neighbour who works for a major consumer product company in supply chain management.
From what he can tell, the Americans are 4-5 months ahead of us economically because they never truly completely locked down as Canada did, and the numbers don’t look great out of the US.
Consumption is down; some job losses are already announced. For example, Ford Motor Company just announced 3,000 job cuts this week. I don’t see how we, as Canadians avoid the same fate.
But I’m no fear monger; I fear for the short term and bullish in the long run for real estate; hence my team and I will be summarising all our research and how our clients and we are taking action.
Some are selling; some are buying.
We’ll be sharing what deals look like in this market to prepare and weather the current storms, and we’ll share our predictions on what interest rates will be doing over the short term at our September 17th iWIN meeting.
This is our first iWIN meeting since the summer break, so we have tons to share on what income prices are selling for, why certain properties take longer to sell, and what the rental market is doing; hence it’s not one you want to miss.
We’ll be cutting through the clickbait and bullshit by sharing what we’re doing with our own $$ and portfolios all on September 17th at our iWIN Real Estate office in Oakville.
This market is also the wildest I’ve seen, making 2017 look like a speed bump in the road. 2008/9 is a closer comparison, and we invested back then and will survive this cycle as well.
On the personal side, I’m now volunteering at our Brazilian Jiu Jitsu club during my kids’ class. I must have ADHD as I have issues sitting still and watching, then the problem got worse as they asked us, parents, to wait outside the matted class area.
So what’s a bored parent who already spends too much time on their phone do? I bought a uniform and volunteered, so now I’m an extra set of hands, eyes and ears to ensure the kids don’t hurt each other plus, I get to observe the instruction and provide some pointers to the kids.
The best part is I’m learning the curriculum so I can practice with the kids outside of class, have more in common and spend more time with the kids as I work enough as is.
The kids seem to dig it, so I guess I’ll keep this up till they’re sick of me 🙂
Recent Self Made, Real Estate Investor Millionaire, Hamilton/Sudbury, 28 y/o Joseph Costanza
On to this week’s show!
We have a young rock star in Joseph Costanza, who was 24 when we met and owner of the title of the youngest client we’ve ever had.
He’s a young hustler who, when I met him, had three jobs: Architect day job; bartender, evening weekend job; landscaper with remaining time not sleeping.
Thanks to all that hustle and saving money by living at home with his parents, young Joe saved up enough money for his first investment property of now five properties.
Crazy enough, he’s already made his first million dollars; hence he’s now our youngest of 45 self-made investor millionaire real estate clients at 28.
Joe’s here today, along with Coach Tammy from the iWIN Real Estate team, to update us on his expansion project in Sudbury, which didn’t go so well, and his lessons so you may avoid the same mistakes he made.
Plus, a gem of an expired listing in Hamilton that coach Tammy helped Joe with, that eventually was priced well under market because the property failed to sell, was rough, and the challenging tenant with previous orders against him by the Landlord Tenant Board.
We talk numbers on the most recent deal, so have your pens and calculators ready or email us at firstname.lastname@example.org, and we can send you Coach Tammy’s draft numbers.
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 Joe’s journey:
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.