Welcome to the Truth About Real Estate Investing show, where we discuss many stories and lessons around real estate investing so that together, we can grow as real estate business owners towards our goals of financial peace, avoid landmines, scams and con artists
As our regular listeners know, it’s not all sunshine and rainbows out there.
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The truth about real estate is these are tumultuous times…
Many novices were too overleveraged and too aggressive, investing with their ego instead of what we teach our clients – a pragmatic, measured approach incorporating best practices we’ve developed in my nearly 20-year career as an investor, $400 million in real estate and it’s translated into 45 self-made millionaire clients.
Here at iWIN Real Estate, we’re like financial advisors but real estate investing focused. As a result, we have clients who have not only made millions of dollars but done it conservatively and systematically with income properties.
One of my millionaire clients reported back to me after attending a newer coaching group’s meetup.
Their pitch was to get rich quickly by buying multiple properties with expensive private mortgages, flip, BRRR, and coaching.
Unfortunately, it’s these same groups producing bankrupt coaching clients.
As an insider in the investment community, I’m connected to some of these students and coaches. We’ll be hosting a few of them on this podcast over the next few months.
Do keep in mind, though, that those who played it conservatively have cash on the sidelines and great credit and will be taking advantage of the increase in the power of sales and distressed sellers hitting the market this spring.
Honestly, our clients have been taking advantage of this market. They will continue to build intergenerational wealth, unlike these new gurus undergoing rebrandings and changes in ownership/leadership with customers demanding refunds because they’ve gone broke.
For anyone who wants to continue learning the truth about real estate investing, Cherry and I will co-host an investors meetup in Whitby, Ontario, followed by an educational tour of income properties and Mastermind Lunch on Saturday, March 25th.
This is our first time hosting an iWIN Meeting in the Durham Region; if this goes well, we’ll make it a regular occurrence.
The cost is nominal, and all profits go to our charity, the Hamilton Basket Brigade, to outfit poor schoolchildren with warm winter wear.
Cherry will be presenting on the absolute MUST KNOWs for Tax Season 2023.
Cherry and her Accounting team at Real Estate Tax Tips have been working away with their 500+ real estate clients and know all the frequently asked questions among investors.
You don’t want to miss it, as there is much confusion around the new tax rules from our lovely Trudeau government.
My team and I will give an economic market update, followed by how to best profit from the opportunities from Oshawa to Kingston, ON.
With interest rates at or near peak and a flood of power of sales, this could very well be the bottom of the market for the properties we target.
Unsurprisingly, the demand is greatest in the sweet spot where we invest.
It is my birthday but no rest for the wicked, and honestly, there’s nothing I enjoy better than helping hard-working Canadians create financial stability and peace in their lives.
Top 4, 2023 Tax Changes Investors Absolutely Have To Know with Cherry Chan, CPA., CA.
On to the show!
I had no idea how many new tax rules we investors have to deal with this year.
The Underused Housing Tax is especially concerning as I’ve spoken to many pros out there who don’t understand it either.
What’s worse is the penalty is $5k-$10k for not filling. Many of us investors have to complete and submit the Underused Housing forms even though we are an excluded owner, thus having no liability.
We still have to file the forms, though.
I’m not an Accountant, though, but I invited my lovely wife, Cherry Chan, CPA., CA., who happens to be the most in-demand Real Estate Accountant speaker, to share some of the top tax changes investors face for 2023.
Cherry does break down these same tax tips on her YouTube Channel, Real Estate Tax Tips, so make sure to subscribe to her channel along with the 10,000 other subscribers.
In case you’re curious, yes, Cherry is still accepting new clients but not sure for how much longer. email@example.com is the email address for your inquiries.
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.
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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.