Would you like to know the truth about how one gets on the Truth About Real Estate Investing Show?
One criterion is sharing a repeatable, systematic strategy for investing AND sharing what did NOT work and the lessons.
Some influencers are not entirely transparent and do not share about the losing deals or the breakdowns in partnerships, both personal and professional.
There’s nothing wrong with that, but a mentor of mine shared with me how he doesn’t trust someone who’s never lost investing, gambling, or whatever.
If someone is willing to withhold information on losses, what other information are they withholding?
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“How you do anything is how you do everything” is a famous quote often repeated by T. Harv Ecker, so to me, how it applies to real estate investing is if someone is willing to lie, cheat, or steal in any area of life or business; they may be willing to lie, cheat, steal from you.
Hence in my business, one red flag is usually enough for me to stay away from anyone and their business associations.
For example, this one real estate investing club that recently imploded… They’re being accused of many terrible things and have been for years; hence I’ve stayed away, and none of those involved ever guested on my show while they operated that club.
There are so many good people in the investing world; it’s actually hard to keep up with them all and take the time to get to know them and network/mastermind with them, so why spend time with folks with red flags?
Life is short, and never losing money are guidelines I try to live by. I’ve lost plenty of money in my career and have been terrible at times with life balance, but the long-term trajectory looks pretty good.
Speaking of the long-term, from all the news and information I consume about economics, AI, and networking with real estate investors, the long-term view is… interesting.
To me, at least as I find I geek out more than most, and my conclusions are still the same, owning quality income properties is the path to building one’s wealth; AI won’t stop that, but AI is already disrupting a ton of jobs and industries.
One’s ideal window to buy investment properties is about 12 months till we see an interest rate cut. Today, Tuesday, July 25th, at 7:30 PM, I’ll be sharing an economic update at this month’s iWIN meeting via Zoom Webinar, my research in AI which will hopefully take the fear of AI away for most and Coach Tim Hong on my team will be sharing how he and investors with condos and single-family homes are navigating negative cash flow in this high-interest rate environment.
The link to register is in the show notes, which may mean your email or our website at www.truthaboutrealestateinvestings.ca.
To register: https://www.infinitywealth.ca/iwin-meeting-podcast.
The meeting is all virtual, no charge, AND if you prefer a more personal, smaller, tactical, hands-on experience, then you do not want to miss our iWIN MasterMind Tour in Kitchener on Sunday, July 30th, 10 AM, where we tour the insides and out of two income properties.
Real estate investing is about owning physical assets, so this is where the rubber meets the road, and one does hands-on learning about how our clients earn world-class returns investing in income properties.
At the time of writing, we have only three spots left, which always sell out—the link to purchase tickets: https://www.eventbrite.ca/e/664013230447.
Replacing Executive Pay in Tech w/ Mixed Use Commercial/Res with Christian Szpilfogel
On to this week’s show!
Today we have a full-time real estate investor who’s really really smart. I’ve known Christian for a couple of years, but only in this interview did I better understand how he transitioned from an executive position in the tech industry into a full-time investor.
What’s especially interesting is how Christian originally capitalized his investing and found a bunch of cash flow, enough to replace his job income in mixed commercial/residential real estate.
If you’re a geek like me, you’ll enjoy this episode as I can’t think of anyone who’s as successful in mixed-use commercial/residential… the worst commercial, too: retail, yuck!
In my experience, financing is expensive when investing in mixed-use. Still, Christian has cracked that nut, so if you want to learn the truth about how someone replaced their job income with real estate cash flow from operations, you’ll want to take notes and listen to this episode more than once.
FYI, Aliferous means to have wings. I’ll ask Christian to explain why he chose the name in part 2 of this interview, but I’m guessing if you want your retirement planning to have wings, then invest in 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 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.
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.