Today we have the lovely Kayla Andrade who’s been advocating for us landlords since 2010. We’ll be talking about the challenges Landlords face, how we can better come together and advocate for ourselves, her plans for next investment and so much more!
Before we get to Kayla, welcome to the Truth About Real Estate Investing Show for Canadians where we’re on this journey together to seek out the truth on how to best invest in real estate. We host leaders in our community who have demonstrated repeatable investment strategies, I ask them about their tips and tricks so we may leverage their experiences to improve our own portfolios and in turn our lives on a path to financial peace.
My name is Erwin Szeto, I’ve owned over 40 investment properties since 2005, full time in investment real estate and coaching since 2010, four time Realtor of the Year to Investors and I’m looking to pivot away from Canadian real estate.
You heard that right. Cherry and I are looking to divest some of our properties to take profits, pay off debt on properties that don’t cash flow positive with these higher rates and rents we’re not able to increase. I have two properties that are under rented by $1,000 each and thanks to rent control, I’ll sell them. There is a 95% chance someone looking to move in will buy and move into one or more units removing rental supply, not that our government cares. They knew this would happen thanks to rent control.
Combine that with the opportunities in southern, landlord friendly States in the US combined with debt coverage ratio mortgage options meaning qualification is based entirely on a minimum down payment of 25% and the financial performance of the property combined with a managed service company I’m currently doing due diligence on…
For those new to sunbelt, USA states, there is no rent control, no Landlord Tenant Board, single family homes in the $100-300k range that cash flow. The numbers are so good the 5-7 cap rates are better than apartment buildings here with way less headaches hence I’m throwing myself into the due diligence and am booking a trip south next month. I’ll report back my findings when I’m back.
I have no doubt prices will go up again when the Bank of Canada cuts rates but I also have no doubt I can not raise my rents when my property taxes go up 6-14% and the Landlord Tenant Board is effectively broken.
I’m left with no option but to figure out how to Make Real Estate Investing Great Again 😉
Based on the survey we sent out, 92% of respondents are interested in a workshop on how a Canadian can invest in US real estate. You have spoken so we are doing just that. On Saturday morning, Oct 21st we are offering an investing in the US Workshop in partnership with SHARE SFR (https://iwin.sharesfr.com) and LendCity USA (email@example.com).
We will be covering US ownership structures to optimise mortgage options while limiting tax and liability, the top areas for investment including everyone’s favourite: Florida, Texas, Nevada, Arizona, basically all the landlord friendly, sunbelt States; how you can improve the cash flow and returns while buying US houses in the $100,000-$300,000 range. Needless to say, the affordability is significantly better stateside.
In person seating is limited to 24 seats, yes there will be a hybrid option to attend via Zoom but in person learning is always best but if you live in BC, we got you 😉
Tickets are a silly $30 plus tax both in person and online, all proceeds go to Charity. If you’re a frustrated Canadian landlord like I am, you owe it to yourself to learn how to Make Real Estate Investing Great Again because inflation is real, you need to be able to raise your rents and there’s more inflation on the way.
See you there! For tickets: https://iwinworkshop.eventbrite.ca
Starting a Private Housing Task Force With Kayla Andrade
On to this week’s show!
We have a long-time friend of the show Kayla Andrade, President of Ontario Landlords Watch, a grass roots, not for profit organisation, there’s almost 10,000 Facebook group members. Kayla has been advocating for landlords ever since her local city passed a by-law that if a tenant doesn’t pay their water bill, said debt gets applied to the landlord’s property tax. Got to love how landlords are expected to back stop the tenant’s debt.
Kay is here to share about best practices and how we may advocate for our rights so we may all come together to make a healthier rental market for everyone including the vast majority of tenants who are great. We discuss challenges we face, how she’s pausing growing her portfolio, and the always amazing, upcoming Ontario Landlord Watch Conference on October 28th, doors at 1pm and dinner is included.
I’ll be there along with many wonderful speakers and a certain member of Parliament Kayla announces for the first time on this show!!
Link to receive more information and tickets available here: https://www.eventbrite.ca/e/ontario-landlords-watch-5th-annual-private-housing-sector-conference-tickets-681955085017?fbclid=IwAR2BgiOKha4BOJhFvCHjY9MSN7UwA2AUISHy-tUsPRgMZO6hqNOUlpajMUI
Again that’s Saturday Oct 28th, doors at 1pm, my friends from SingleKey and Front Lobby will be there too. Dinner buffet included!
Please enjoy the show, I present to you Kayla Andrade
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 Kayla:
Facebook Group: https://www.facebook.com/groups/818378618219840
Personal FB: https://www.facebook.com/Kayla.Andrade.olw
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.