Greetings friends to the truth about real estate investing show, I’m your host since 2016, Erwin Szeto from west of Toronto and landlord since 2005.

We have an excellent expert guest with 12 apartment buildings averaging 20-30 units each building plus he just acquired two sizable properties in Alberta and you’ll want to hear why.  Mike’s journey of immigrating to this wonderful country at the age of 10 with his family from Poland… when you hear what Poland was like for Mike growing up.. Needless to say Mike Beer has done very very well for himself.  

But first, I’m not going to lie, I quite enjoyed this past week while the kids are at overnight camp.  They are up in Muskoka at a rustic camp.  They sleep in a cabin without air conditioning but they do have a bathroom the campers are responsible for cleaning.  

There’s no smart devices allowed so no Ipads or cell phones let alone laptops.  Just good old fashioned camp activities like arts and crafts, canoeing, swimming, they have motor boats so my son even went knee boarding and love it.  This is the kids’ now fourth year of overnight camp so for next year they’ve asked to camp for two weeks.  Cherry and I are proud our kids can rough it a little bit including 30 mosquito bites and want to go back.  Parenting win, my son’s camp counsellor said he was the best behaved camper in his cabin. 

Needless to say we’re proud of our kids, our investments of time and effort are paying off and we’ll continue to invest including an RESP of at least one house each in the USA.  Something less hands on because the truth about real estate investing is, in my experience, there are a whole lots of adult children who want nothing to do with their parent’s Ontario rental properties.  The younger generations want more balance, less stress, along with much better numbers and less risk, that’s why I’ve divesting locally and buying American.

What did Cherry and I get up to while the kids were away? Would you believe I golfed more this week than any other week this summer? On Tuesday I went boating with my Entrepreneur’s Organization mastermind group.  Everyone had a turn at water skiing but me, I never grew up with a family cottage, never learnt and feel no burning desire to when being dry, booting around Friday Harbour, conversations with my boys is plenty stimulating.  

In breaking news, my friend Moosa sent me the article, as reported by the Globe and Mail, yet another real estate club organizer, this time Daniel St. Jean of The REITE Club, an organization co-founded by Daniel has a stop order from the Ontario Securities commission. From the article, Daniel has raised more than $25 million in promissory notes.    

https://www.theglobeandmail.com/real-estate/article-osc-investigates-realtor-amid-stalled-real-estate-projects/?login=true

Kyle Ford whose company manages $150 million in private mortgages said on this show, “promissory notes are a bad word” at his company.  Friend of the show Ron Butler is extremely against the use of promissory notes saying they’re worth less than used toilet paper.

Me personally, I like to lean towards being conservative hence I don’t private lend nor borrow. It’s scary times for folks who have privately leant on complicated repositioning and development projects…. I’ve heard too many stories from friends who lend hard money with rates in the teens only have their borrowers not return payment and ghost them. To me there are better options discussed with past guest of this show like Tim Collins and Calvert Mortgages. I’ve posted links to both episodes in the show notes.  In the Calvert mortgages episodes, near the end, I asked how my guests how they personally invest their own money for a much more diversified and secured investment than most private lending options.

https://www.truthaboutrealestateinvesting.ca/exited-real-estate-for-stocks-10k-mth-for-financial-freedom-with-client-tim-collins/

https://www.truthaboutrealestateinvesting.ca/private-lending-update-losses-from-a-downmarket-with-calvert-mortgages/

12 Apt Buildings, Selling ONT, Buying AB&USA With Mike Beer

On to this week’s guest!

Mike Beer is is an owner of a real state investment company Mike Beer Investments. They have developed an investing system that has been working for well over a decade and invest in apartment buildings in Canada. His mission is to enable each of his investors to provide their families with the financial future they truly deserve. In the past he was a professional ski instructor and scuba divemaster. Now he focuses on coaching for charity, ice water plunges, health, and loves personal self development.

Website to contact: https://www.mikebeer.ca/

To Listen:

HELP US OUT!

BEFORE YOU GO…

Before you go, if you’re interested in what kind of properties I am looking at in the landlord friendly states of the USA please go to iwin.sharesfr.com for what I consider the best investment for most Canadians, most of the time.

I’ve been investing in Ontario since 2005 and while it’s been a great, great run. I started out buying properties in the 100,000s and now it’s $800,000 to $1,000,000.  How much higher can it go? I don’t know

To me, the remaining potential for appreciation does not match the risk hence I’m advising my clients to look to where one can find rental properties that are affordable range of $150,000 to $350,000 US$, with rents that range from $1,400 to 2,600/month plus utilities.   As many Canadians recognize, these numbers will be positive cash flow and are night and day compared to anything locally. Plus the landlord has all of the rights, no rent control, and income is US dollars which are better than Canadian dollars.

If you don’t believe me, US dollars are better than Canadian dollars, go ask 100 non-Canadians which currency they prefer to be paid in.

So to regain control of your retirement planning.  Go to iwin.sharesfr.com and check out what great cash flow properties are available in the USA.  

The best part is, my US investments will be much more passive compared to by local investments as I’m hiring an asset manager called SHARE to hand hold me through the entire process.  As their client and shareholder, Share will source me quality income properties, help me with legal structure and taxes, they manage the property manager and insurance provider while passing down to me preferred rates so I save both time and money.  

Share will even tell me when to strategically refinance or sell.  SHARE can even support investors all over the country for proper diversification hence my plan is to own in Tennessee, Georgia, and Texas.  Share is like my joint venture partner but I only have to pay them fees while I keep 100% ownership and control.

If your goal in investing is to increase cash flow, I don’t know of a better strategy for most Canadians most of the time.  One last time that’s iwin.sharesfr.com to see what boring, cash flowing real estate investing can look like on your path towards financial peace.

This is how I’m going to make real estate investing great again for my family and hope you choose the same.  Till next time!

Sponsored by:

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 event.

Till next time, just do it because I believe in you.

Erwin

W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/

Disclaimer:

As a committed advocate for transparent and responsible real estate investment, I want to openly share my involvement with SHARE SFR (Single Family Rental) as an Advisor. I hold an equity position in this company and receive a referral commission for clients I introduce to their services. My endorsement of their business model – focusing on direct ownership of positive cash flow income properties – is consistent with my own personal investing since 2005, is based not only on a professional assessment but also on my personal experience and belief in their approach. Please note that while I stand behind my recommendations, it is crucial for each individual to conduct their own due diligence and consider their unique circumstances before making any investment decisions. As always, my priority is to provide you with honest, insightful, and practical real estate investment education.