7-8 Figure Commercial Developments with Shane Melanson

I’m hoping it’s the right decision. My wife and I are having one ugly property renovated and we recently had one of our existing rental houses switch to AirBnb. I’ll detail some of our own investing in a separate episode, or else this one will be a really long one. On a sad note, as the child of Chinese immigrants from Hong Kong, the civil unrest and protests back home are the worst it’s been from my recollection. Yet another reminder how grateful my family is to live in the greatest country in the world. Canada is not perfect by any means, but look at our freedoms, low crime, opportunity, clean environment and quality education system. It’s good to call this place home and to own property here. Is it any surprise Canada remains a top destination for immigration?? Immigration to Canada looks to stay strong. If you have developer friends like I do, developing is getting more restrictive and more expensive, which puts upward pressure on housing prices. Owning property or more appropriately, positive cash flow income properties whichever way your prefer: Airbnb, basement suited houses, apartment buildings, developing land, student rentals. It’s all great and area dependent. For the Wealth Hacker, I can’t recommend enough that you learn about each strategy to have the skills and knowledge to make a decision. For example, one investor I know switched up his strategy from student rental to AirBnb back to student rental as the service levels required for AirBnb proved to be too much for this investor. Wealth Hacking update on my part, I am committed to learn how to sell stock options. I’ve ignored my friend Omar Khan for too long, who’s been encouraging me to learn and implement the strategy he’s used for over ten years to earn himself six figures selling stock options on blue chip stocks that pay dividends. This isn’t a get rich quick thing and Omar is going to show me how, after he’s already taught over 50 of his friends how to, including my electrician. Omar and I have the same electrician, he re-wired the upstairs of my house that I’m AirBnb’ing. Our electrician has made around six figures in the last 18 months using this little known strategy. There are books on this strategy e.g. “Get Rich With Options” by Lee Lowell, but no different than any subject you plan on mastering, some hands on learning with ongoing coaching from an expert goes a long way. Omar is our keynote speaker at our next iWIN members’ meeting as a warm up for the big stage at iWIN’s Wealth Hacker Conference on Nov 9th, for which you can get your tickets at wealthhacker.ca. This is an all day event bringing together all the greatest wealth hackers I know who have taken the shortest path to financial success: investing in real estate with other people’s money for 100+ properties, Airbnb, stock options with Omar, making money like the bank, start a small business from zero to $100,000 and from $100,000 to $500,000. Everything I’ve learned on my entrepreneurial and investor journey, the best subject matter experts, the best lessons from my own investing and business building. We are bringing you all my bests for one day, November 9th, including the most in demand business trainer in the world in Grant Cardone in Toronto. The networking alone is worth the price of admission. My friend Susan White did multiple joint venture real estate deals from people she met in the VIP at a similar event. It was an event similar to the Wealth Hacker Conference that was the catalyst for myself to go from amateur to professional Wealth Hacker. This will arm you with the tools to take a shorter and faster path to financial freedom. Tickets at WealthHacker.ca
7-8 Figure Commercial Developments with Shane Melanson
On to this week’s guest! For those with sights on bigger projects, Shane Melanson does exactly that! Shane started like many investors do with single family homes, did a few flips, progressed to commercial real estate including trailer parks, developing industrial condos, and retail plazas. Other than tackling these very large and complex 7-8 figure projects, we discuss Shane’s path to becoming a commercial expert. He’s here to share what triggered his investing, his career path before his first commercial investment, and the mentorship he received along the way. Also fascinating is how Shane structures joint venture investments with these large-scale, capital-intensive projects and % splits via general partner and limited partnerships. Have a listen!To Listen:
Google Play: http://goo.gl/CAM5Mn
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr
Youtube: https://youtu.be/smDEkeynjCQ
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