**Transcripts are auto-generated.

Erwin  

Hello and welcome to another episode of truth about real estate investing in show and unfortunately start off with some negative news. Our community is rocked by another bankruptcy, Clydesdale capitals bankruptcy. And earlier this year we’d Epic Alliance class deals significantly smaller, thank goodness. But I believe we’re so early to have Clydesdales properties were in my market. And my whole team was buzzing about them we didn’t know it was there’s actually one of the sellers actually contacted us to potentially sell the properties for us, for them for them. But anyways, both of them were in mid renovation with asking prices, over 300,000 below what they paid. And those asking prices were well below market value. If you ever want to know what a professional wants to buy, what they offer on these were it not what the investors originally bought off market as they paid. Again, like I mentioned, they paid over $300,000 more than what they’re asking for. And they ended up selling between about 100 or 200,000, less than what they paid for. But they had spent a lot already in terms of renovations. And I believe one of the properties The deal was they would leave behind the kitchen cabinets that were already in the property. Anyways. So really unfortunate for for the sellers, really fortunate for the best investors that did those deals. I’m jealous. I wish they were mine. I do believe there’ll be more deals as we go. As speculative investors who speculated who over leveraged in the supply chain challenged market with rising labour costs, they’re going to continue to struggle, expect at least two more interest rate increases, the investment strategies going forward from here have completely changed based on economic fundamentals. And everything else is going on in the market. Bank of Canada just recently pivoted on increasing rates, Doug Ford’s recent legislation for triplex is by right there, the world is changing the war on Ukraine still goes, there’s a struggle pretty regular public struggle between the West and China, the crash in the stock market and crypto market currency markets, the recession is here. We might be in it. We’re not in it. It’s common in the real estate market to fear is high. From all indications from all the people I talked to, I think it can go higher, and I think it will go higher as interest rates continue to go up Europe has yet to face it’s worse as it sinks into recession, but tend to be greedy is really near possibly the best opportunities to be greedy since 2009. And every investor I know from those days regrets not taking more action. Don’t let these next 1218 months be what you’d regret for the next 10 years. You probably want to arm yourself with as best education as possible. Wealth hacker.ca for tickets and details. November 12. At the wealth hacker conference, I’ll be sharing my research. I’ve been working pretty hard on this. Because I have a lot of questions. I’m not an investor for the sake of investing. I am an investor because everything that I read in touch points towards the type of investments that China will be doing going forward. And I think you all know, my family’s well being financial well being is almost completely reliant on my ability as an investor. So you better believe I give 110% So I know our own destiny will be pivoting based on the current environment. And I’ll be sharing about what we’re doing all about. That’s November 12. On average wealth at the conference. onto this week’s guest. Oh, yes, again, wealth hacker.ca. For more details. onto this week’s show, we have Daniel Unsworth, who has simply caught fires to attending our 2019 wealth hacker conference. Daniel took the whole texting thing to heart. First thing she started doing after well actually, first off, just took the bus being not someone part of our community. She had no one to carpool with to the wealth hacker conference, even though there was a massive contingent from from Ottawa, who attended the 2019 wealth hacker conference. Daniel went solo again taking the bus. It actually made her carsick. But she managed to push through as you attended the conference. You’ll hear from herself that it changed her life. She started converting it based on apartments in her hometown of Ottawa, Ontario. And then she hired a coach. Someone she was introduced to from this podcast isn’t white Livermore, Susan. She’s amazing. Daniels and has now since then invested in vacation rentals in Turks and Caicos. She bought six townhouses. Yeah, six townhouses in Edmonton, Alberta, each with basement suites using really cheap CMHC moi select money. You probably won’t write that down and Google it later. CMHC moi select. Now she’s also investing. She’s invested in two part buildings in New Brunswick. And she’s actually bought a whole lot more since we last spoke into because I see her unit count just keeps going up on her social media. As I mentioned, she shot out over town cannon and she’s built a large Instagram following and she shares how on the show, and now if you’re one of those quality investors out there, or coaches looking to raise capital, or build credibility, I suggest you give Daniel a follow as the truth about real estate investing is there are bankrupt investors out there right now, both morally and financially, and they’re doing the same. They’re social media influencers, and they can raise millions of dollars doing it. But again, they’re morally and financially bankrupt now. So if you are good if you’re a good person, and you were good investor with who can who has experienced doing quality investments that will survive downturns like the ones where we’re in inflationary environments, high interest rate environments, then well, at least I that’s how I justify myself. And all the content that I myself enjoy put out, and there’ll be a lot more to come and 2023 for Terry and I, if nothing else, is sharing the truth about real estate investing. It’s a public service. So I give you Danielle Wandsworth. So, Danielle, you’re up to a lot. Yeah, yes. So you’ve shared like, going to the wealth hacker conference was a big catalyst for yourself?

Danielle  

Yes. Oh, my gosh, or when you know, I took a bus there, right. I know that. Yeah, I have a fear of long distance driving. And at that time, I had a scarcity mindset. So I didn’t think to even fly there. I took a greyhound

Erwin  

airport.

Danielle  

Oh, I know. But I bought a bus ticket. And I got like, sick. But it went the night before. And I got to my friend and I was so sick. I’m like, I gotta get better the conference is tomorrow. And after a few hours, it was fine. And then I went there. And just like, that was my first conference ever, I had never paid to go to anything like that. And so just listening to the speakers and how, you know, investing in stock options in real estate, and networking changed their lives, it really gave me so much motivation and education to leave that conference and start really researching. I was like, on a mission after that conference. And I did end up flying back, because I was like, I can’t take the bus back home. So my husband and I called him I was like, I can’t, I can’t, and he’s like, just buy a plane ticket. It’s fine. And so I did. But now I know better. I mean, there’s nothing wrong with the bus, but I got sick. So I didn’t want to get sick coming back home. But I just knew I had to get there. And you know, it was from your podcast, and you were promoting it. And I said, You know what, I’m just gonna do it, I’m just gonna go, I’m just spending money, and see what it’s all about. Because I was listening to your podcast on my walks to work thinking like, Oh, my God, like, this is not enough, I need to do more. And so I went for it. And it really, really was the catalyst to everything else. Because I was on this mission to change my life and get educated. It was crazy.

Erwin  

Daniel, straight up, like your story is exactly what we want from our people.

Danielle  

And that’s why I’m such a huge promoter of your event, too, because I’m like, I’m the result of attending conferences like that, right? Like, I’m not special, I literally was walking from my bus stop to my office listening to your podcasts, which I’m sure tonnes of people do. Now, maybe just, you know, not on the bus, but maybe they’re at home listening to it or on like their way to running errands. But go to these conferences, and then it’s gonna be what you make of it. When you leave. What are you prepared to do? What actions are you going to take? How inspired are you to change your life? And if you are, you know, all these resources are available, every one of those speakers, like you could reach out to them, and they would provide you to reach out to them. Exactly. And a lot of people have that fear. And that’s what I had to like, they don’t know me, why would they talk to me, that was my mentality. And you actually had Susan on one of your podcast, and she really inspired me and she was doing exactly what I wanted to do. And that was my first time reaching out to someone on like, from a podcast, and I was so nervous. Or when I was like, oh my god, what am I going to say? People is so nice. I went to a website, I feel that her form and we had a Zoom meeting. And that was sort of like the beginning of like coaching relationship. And she also changed like the way I looked at real estate. And even now like I’m always saying thank you to her because I’ll go through issues and I’m like, What would Susan say to me, and I’ll work through that. So, you know, my message to people is like, it’s okay to reach out to all of these speakers. And people on podcasts. It sounds scary. But that’s why we’re on podcast is to educate and like share our journey. And just not to just push past that fear because that’s, that’s where I was, and I’m sure lots of people are in this exact situation where they listen to podcasts, but they don’t take any action because they’re scared that you know, they’re just this random person reaching out to a complete stranger, but that’s okay. That’s what we want you guys to do. Reach out and ask for help and get the resources.

Erwin  

That’s why we offer like free trainings here. Exactly. meet ups.

Danielle  

And I did I went to your free training to do remember, I actually flew there. This is what I mean. Like you guys have been such a huge part of my journey. And I remember after the whole bust right thing, this time you had a free it was a basement conversion, free training that you heard. And that’s exactly what I was looking to do with one of my properties. And I didn’t know how to do it. I just there wasn’t a lot of people in Ottawa who were doing it at the time, or that I knew of that were doing it. And then when I saw your free training on a basement conversions, I’m like, Well, I have to go. And I’m like, this time I’m not taking the bus. I’m just going to fly. So I took the whole day off work. I booked a vacation day, I flew there and then flew back the same day. And that’s when I was like, Okay, I’m doing it. The returns are there. It makes sense. I’m not the only one doing it. This is a huge thing in the GTA Hamilton area. I just didn’t know anyone everywhere in Ottawa. Yeah, it’s everywhere. Now, the time I just didn’t know. Yes, exactly. After I did my first conversion. I started seeing the strategy everywhere. So but that’s sort of what started my journey with the SDU. That’s what we call them here. But yeah, that’s how I kind of got educated was from your free training. Fabulous. Crazy, right?

Erwin  

Yeah, no, we’re unbelievably happy for you.

Danielle  

Thank you.

Erwin  

Thank you so much. You actually chose to attend to get educated and argued now is incredibly important to be educated. Yeah. And of course it take action at some point, because it is scary out there. I think the stock market hit a hit a new one year low. 52. Week low. So I’m sure people are scared. Yes. Are you scared? Okay, let’s actually let’s actually talk about what you got going on, because you have a lot going on. Okay. Sure. Sure. Let me just lift off what I know. Okay. Does you have vacation property that are investments? Yes. In Curacao, where are they? Caymans Turks and Caicos Thank you. Yeah, Turks. Okay, how many properties in Turks

Danielle  

so it’s three condos, but they were sold as one package deal. So it’s three bachelor condos, but they’re all side. But it was one huge unit and the previous owner had severed into three bachelors. And those are vacation rentals. Yes. So this one, we have an active partner. And he He’s a Canadian, and he moved there and he’s the one managing the day to day Airbnb operations. So we’re passive on this one. But it’s been such a great learning opportunity just to have like boots on the ground going through the whole financing process. And yeah, so now I’m always promoting Turks and Caicos. I think it’s such a great place to invest. And it’s not far it’s like a three hour flight from Toronto. Super easy. Yes, you should come Okay. Florida. That’s right. That’s right. It’s super convenient. Like for me, I have to fly to Toronto. So it adds a couple of hours, but it’s super convenient. And it’s beautiful. It’s no taxes. It’s a British dependent territory. It’s backed by the US dollar so so many so many advantages and that’s kind of why we chose the Turks and Caicos no hurricanes hurricane free Yes, there was there was a hurricane that went by but

Erwin  

just one never sorry I’ve I’ve know nothing about Turks and Caicos. They

Danielle  

do have hurricane season. But you just have to prepare like everywhere else and the where we are situated. It’s pretty I want to say like a safer zone it’s not right by let’s say the ocean it’s you know a bit of a maybe five minute drive so it’s kind of like sheltered in a little I want to sit on Cove almost but I’m the one that just went by we were our properties were fine. We went to check them out. So it was okay.

Erwin  

We were you went to check them out already.

Danielle  

Well, our active Well, we went when it was for the we went for the closing in May. Because I just wanted to I thought it was really exciting if all the investors because the other investor was from Toronto as well. And we all went there for the closing and it was amazing just getting to we got to stay at the condos right because we took over the keys were like well might as well stay enjoy the property and then we can work out the kinks. So whatever needed to be fixed before we listed on Airbnb, we did that that week. So it was really good. We were like sort of the guinea pigs for the condos.

Erwin  

Okay. Yeah. Are you able to share some of the high level numbers what got you like what got you into the investment?

Danielle  

Yes, I know you like numbers. So I actually wrote down I wrote down a bunch of the numbers for you. So this one was about what what do you under like the price it was about? Yeah, about 500 USD for all three for all three? Yeah, it’s good. It it was an off market deal. And that’s the beauty. So our partner Mark he because he lives there. He has a lot of local connections. So he’s able to Get off market deals from like realtors, real estate lawyers, friends. So it’s been awesome. And so this one was 500,000 for all three, and we had to put because the financing is a bit different. We had to put 50% down. And then we mortgage the rest interest rate was about 6%, which is not yes, so not too bad. And the fact that there’s no taxes is amazing as well. But you do have to pay a one time tax is called a stamp duty. So it’s just a one time and then after that there’s no like annual property taxes. There’s no capital gains if you sell as well. So lots of benefits there. And their projections for this one, at 70% occupancy, the total ROI is about 29.4%. Sorry to say 70% occupancy, this is 70% projection.

Erwin  

Got it has been going so far.

Danielle  

Really good. We were I think like 90% for the summer. Really? Yeah, it was the time. It’s not supposed to be but it was I know. But now it’s started to decline a bit for September, October, which is normal, and then high season will start vary. But we had a really great summer.

Erwin  

Right. Okay, but just for listeners benefit. It does feel like a bit of a revenge travel time. It may not last forever. Yes. In terms of terms of vacation property demand. We’ve been locked up for so long. So just like they have all saved up money to go travel. Exactly. I’m going to last forever.

Danielle  

And that’s okay, because that was just we we realised it could just be a fluke, right. But our projections are still at the 70% occupancy. And the fact that it was like over 90, we just will take it as a bonus. Exactly, exactly.

Erwin  

Maybe squirrel it away. Yeah. Exactly. That’s amazing. Yeah. Can you share how much it is to rent tonight?

Danielle  

So it depends. The average is about it could be around 200 to 250. Yeah, it’s not bad at this isn’t USD? Yes. Yeah.

Erwin  

Like, no. Isn’t that a hotel around the same thing? Yeah.

Danielle  

So there’s a there’s a shortage of supply just like everywhere else. So a lot of times people will go there. And either the hotels are not available, or it’s too expensive. So they’ll do air b&b. And there’s also actually a shortage for long term rentals, because all these hotels are being built, and then the employees don’t really have anywhere to live. So that’s something that my partner Mark and I have also talked about, you know, maybe switching to finding or building long term rentals for hotel employees.

Erwin  

Yeah. All right. Because you you invest in so many things, and you need to move on. Okay, you do apartment buildings, too?

Danielle  

Yes, yes, I do. So that’s kind of where I shifted from single family homes, to multifamily. And in the vacation rentals were sort of a bonus. But yes, apartment buildings, it’s more stable. It’s not super dependent on like comparables, it’s more so on the building itself. So that’s why we really like it as an asset class. And so we did close on quite a few this year. It’s been crazy. So we closed on a 15 unit, I think back in April, with another active partner. And then the most recent one is the 50 unit. But that one is actually it’s being led by my my or business partner Adriana ostapenko. And she’s the lead on it. And she’s asked us to come and support in terms of like the capital raising and because it’s such a huge project, you have 50 units, we’re turning them over. So we’ll be supporting her and her business partner Ben on any of the extra activities, but the returns that once a full Burr, so two years renovating all units, and then the plan is to refinance with CMHC mortgage. Two years. That’s it. That’s the plan. We have already started working on it. So it’s like ready to go rocking a roll.

Erwin  

It takes three months to get a door done.

Danielle  

Doing it yourself.

Erwin  

Because it needs permits. So it takes

Danielle  

okay, yes, yes.

Erwin  

So where are these properties?

Danielle  

This one is in St. John. So most of the units have been in New Brunswick, we do have one triplex in Nova Scotia. So it’s been on the East Coast, just because the prices made more sense then, like me, we were looking at Ottawa for a long time. And then we just kind of shifted our strategy over to the east coast because it didn’t make any more sense to stay in Ottawa for us.

Erwin  

And how is the apartment building space in terms of prices? Is it still because I keep hearing from people for example, I’ve Dahlia On the show, just recently, it does not seem like there’s any motivated sellers out there.

Danielle  

No, no everybody so far that I’ve spoken to in the apartment building space they’re hanging on, they’re stabilising their properties, I don’t see any, like panic selling is it’s mostly unfortunately, it’s the one to four units. Those are the properties that are feeling that distress, mostly single family homes, but even the two to four, there’s a bit of stability there as well as long as you’ve bought. And it’s cash flowing. I don’t see the need to sell right now unless you know, your strategy was to flip it or something like that. But in the larger apartment building space, from what I’ve seen, or and the investors I’ve talked to everyone is stabilising and just they’re hanging on it continuing their plans for their burgers.

Erwin  

I keep all the apartment building friends I have across the country. They’re all like, even if the Seller is motivated. There’s several offers.

Danielle  

Yes. Yeah, exactly. It’s not quite the same space. I feel like it’s a separate world compared to what they all that.

Erwin  

That’s the way to put it. Anything. I totally agree with that. Yeah, this is nothing like a single family home detached

Danielle  

Exactly, exactly. Like both of these apartment buildings, the appraisal was higher than our purchase price. So we have a huge buffer already. So we’re not too worried about it. And we’ve we have great rates, the 15 unit, we have we got a mortgage for it was 2.5% for two years. So we’re we’re going to push through that. But yeah, I feel like it’s not the same world. I’m in a different bubble, almost. If that makes sense. Yeah.

Erwin  

Why do you choose passive? So I think I think it’s a great question for 17. Listeners,

Danielle  

why choose Make it at NAFTA today?

Erwin  

You will double with your popularity. Why? Because I’m sure many people ask the same question is you’ve done, you’ve done active with your own basement conversion properties. And generally those those struggling those have done really well. So why the decision to go passive? And also, did you exit any existing properties in order to move it into more passive investments?

Danielle  

No. So I am still active, and I am going into passive as well. But that’s because yeah, yeah, yes, yes. Yes, I love both. Like I love being an active partner, because I still have that fire and be right to like, find a deal and raise capital and stabilised properties. So to me, I enjoy that. So I still for me need to be active. And then the passive component for me is just essentially maximising my my time and leveraging other people’s time and experience and their deals as well. Like the Turks and Caicos deal for me, I’m a passive investor in that because I don’t live in Turks and Caicos, I don’t have the local expertise. You know. So that’s why I leverage Marc’s experience and his time. So that’s why I go passive, but it’s also if I’m like, I refinanced everything in 2021, like at the beginning, because all of my, my single family properties have gone up significantly. So I refinance. And at that time, I didn’t have my own active deals to, you know, invest. So I took that money and partnered up with other people who were active so that I could leverage their deal and their time. So that’s how my portfolio grew. Because I had this capital. I didn’t have deals for myself, but all the people came to me and had great deals. And I said, Why not, you know, if you’re going to own 25%, or 50% of a great deal and not have to do the work. I feel like I’ve already done the work. That’s how I got the capital to begin with, right. So I feel like this is sort of like part two, where I’m leveraging the money that I created with my single family properties, and now leveraging them into passive deals. The only one that I sold, I sold one townhouse in Ottawa, and I ended up using the capital for that one to invest with my sister on a pre construction in, it’s near Edmonton. And that’s going really well we just actually had it appraised. And it’s 300,000 More than when we put it under contract for isn’t that crazy? But what is he bought? Three it’s three townhomes but they all have lease.

Erwin  

So one townhome to get three, six. Yeah, so you sold one to get three, six. Yes, that’s right. Do you want a half? Yeah. So it’s kind of like you want three? I guess. So

Danielle  

which is still amazing. Yeah. We so we sold it. And then these three townhomes we bought the block, so it’s three of them with three ground floor units, which will make six total and you’re not going to believe this or when but we do got approved for CMHC you know their new product that they have 5% Down 50 year amortisation because they’re brand new. So we’re keeping two of the smaller one bedroom units for affordable rent. And so that with the fact that it’s gonna be like high efficient fi units, because they’re brand new, we met the other requirements to put 5% down and have a 50 year amortisation. It’s not crazy.

Erwin  

Can we get this in Ontario?

Danielle  

I don’t know. Maybe I think you could, if you have the right property.

Erwin  

Do you know the name of the programme? Yes.

Danielle  

How did you M I think ml I see if you go to the CMHC website. It has really great. Oh, yeah, it’s called MLA select. And they do a really great job of explaining all the different points, the breakdown, how much you need, everything. It’s super easy to read. You can even download the PDF fact sheet. So I actually recommend anybody that has multifamily that’s either a pre construction or they’re about to do like a full Burr, kind of what we’re doing with the 50 unit to look into this programme because you’ll maximise your leverage, right, get as much money out, you know, have the longest amortisation in the world and, you know, this is a game changer for apartment building owners and investors. For most

Erwin  

benefit, I just Googled CMHC MLA and finished it for me select exactly download sheets right there.

Danielle  

It’s super easy to read and understand. And it’s all based on point systems. And there’s believe the categories of fo affordable rents, accessibility and efficiency, like energy efficiency. Exactly. It is super cool. So when we close in December, we’re actually going to get money back because we had put 10% down when we put it under contract. Isn’t that crazy?

Erwin  

Sorry. Are you leveraging always to 5% down? Yeah, 5% on the board. Yeah, it

Danielle  

was and it’s still gonna cashflow. So we’re good.

Erwin  

This is wild. Okay, so yes, wild. Tell me about the the Edmonton townhomes. Sorry, you said. So there’s a six townhouses and they each have a suite. It’s

Danielle  

three townhomes. And then they each have one round unit. So it’s six total six dwellings total. And they also come with detached garages so in the back, it’s really nice. I’ll post the more pictures on my Instagram page for for the listeners if they want to check it out.

Erwin  

It’s beautiful. What’s your Instagram sir contests anyone’s looking?

Danielle  

Super easy to remember. It’s Danielle dot Unsworth UNSW. o r th,

Erwin  

you show up pretty quickly when I say

Danielle  

that’s good. I’m actually hosting a workshop next week to help active real estate investors learn to use social media to grow their portfolio, which is essentially what happened to me. And I’m just going to be sharing all the tips and tricks that I learned in the last year and a half to make their journey easier because I had to do a lot of like trial and error. I’ve had to ask like my niece for tips, because she knows what to do. You know, they’re 15, they’re much more. They’re much better with the iPhones and all the Tick Tock and Instagram features. So yeah, so I’ll be doing that as well. And I feel like I don’t really see anybody else doing that. So I’ve thought you know, it’d be really nice if I could put that together for all of her active investors in the community.

Erwin  

Okay, I don’t know what to ask next. Let’s finish off the townhome example, back to social media. Here’s your house. Townhouses cost.

Danielle  

Oh, well, for this one, because we bought all three, the total was about 1.2 5 million for all three, and it was just appraised at just over 1.5.

Erwin  

And so you bought new construction? What was the down payment structure on the new construction? It was 10%. All there all right away on site?

Danielle  

Yeah. I think it was like within 60 days, it had to be transferred. Right.

Erwin  

Did you fly out? You went to Edmonton?

Danielle  

No, no, we’re going to December 8 is the first inspection. We’ve been getting like videos and pictures and things and just updates from or agent but we haven’t physically gone there. But we will be going in December because I want to I want to check it out and meet some other investors that are there as well. Fabulous. Yeah. It’s amazing because again, it goes back to social media. We were able to connect with you know, local investors there and we actually ended up meeting another Indian So that bought the lot across from us. So when she went to visit her property, she took pictures of ours and sent it to us. Super nice.

Erwin  

Yeah, nearly so important. I think it gets a lot. I know, the whole are in this together, and I can say it, we’re not in this together. So whatever. Like we need to support one another. Because the 10 tenants aren’t going to support us. No, groups aren’t gonna support us. We landlords, we investors needs to support one another. That’s right, because when the pitchforks and the torches come out, good they coming for. So that’s why I’m over exaggerating, obviously. But we need to, you know, look out for one another as investors, right? Yeah, really, there’s no competition amongst one another?

Danielle  

No, I feel like everybody, you know, has their own strategies, their own markets, their own like niche. So it’s really, there’s so much I live in the abundance world now. Like, when we started this podcast, I was telling you how is in scarcity mode a couple of years ago. And so now I’ve shifted to the abundance mindset. So I just feel like there’s so much for everybody all the time, just no need to compete with anybody. Because you know, even with clients or deals, a deal will resonate more with you or a client will resonate with you more than the other person. And that’s how people find each other. Right. So there’s no competition, people will come to you, because they can relate to you. Same thing with deals, that deal is better suited for this investor versus another investor. So there’s no need to compete.

Erwin  

Right. I will just add, though, like, you made the comment about how you reached out to people, for anyone listening, you’re gonna reach out to people be nice. Yes. Don’t expect anything from anyone offer value.

Danielle  

Yes, I’ve had people offer their time, like they wanted to learn from me. And I remember one of my Instagram followers, or friends, now she was on mat leave, and she’s like, I just want to help you. One, I can do it one hour, a week, one hour a day, like, whatever you need, I’m happy to help. And when people do things like that you take notice, right? And so if an opportunity comes, you’re gonna reach out to them first because they sort of they made an impression they went above and beyond someone that’s just going to DM me with a question and, and nothing else, versus someone who is offering their time because they want to learn, and they’re willing to do it. So just so that they can learn. And if they’re if they eventually come to me and say I’m looking for this property, I’m going to put them on the top of my, you know, my mental list when a deal like that comes out, right? So I just feel like if you offer value, whether it’s your time or your knowledge or anything, people will take notice. And you might not know it, but it you know, it’s getting like it’s being placed somewhere in their minds, and they’ll come back to you whether it’s an opportunity, a deal or a partnership, you just never know.

Erwin  

Alright, at a minimum, like, share and comment on Daniel stuff on her Instagram. Yeah. Appreciate that. Yes. And

Danielle  

I love sharing other people’s posts. Like, if I see something that has really great value that I think other people will benefit. I share it whether it’s a course or an event, like a conference, anything I feel like oh my gosh, this would really help somebody. It’s shared. Because why not? It doesn’t really doesn’t take away from from us, right? It just adds it just adds to the community.

Erwin  

Okay, speaking of community, I noticed you’re part of several. Can you name which ones?

Danielle  

Yes, I actually I would love to talk about wink, which is the women investors network Canada. This is a community that myself and two other investors here in Ottawa, we co founded. So it’s Esther and at key. So we felt like there was a need for women to come together, support each other and be inspired to take action to invest in real estate or other investments. So we actually grew we only so we co founded this community last December. So it hasn’t even been one year yet. And we have grown to like so many chapters across Canada. So we have one in Vancouver, Halifax, one in the GTA. We have a chapter in Kitchener, Guelph, Waterloo, Ottawa here and then Calgary and we’re working on another one in another major city. And so all these women are coming together and talking about real estate, life, motherhood, like everything. And I feel really grateful that we were able to do that because there was such a need for like our first event. We had 50 women show up in December, and they were all just like, so happy to be there because we all feel like we’re the only ones in our circle. And we feel like you know, we’re crazy to talk about real estate and investing all the time when our friends and families sometimes are not interested right in listening to us. I’ve talked about that all the time. But when you find your, your circle your tribe, you don’t feel so crazy. Exactly. And we were able to do that. And so wink has really grown, you know, across Canada, we have some Vancouver all the way to the east coast and Halifax. It’s been amazing.

Erwin  

All your wing friends coming for November 12. Do you need your own wink discount code? Because then that way we can least sit you all together for exam.

Danielle  

Oh, okay. Yeah, that would be great. We could definitely talk about that. Because if it’s something that we can promote, because there’s women across Canada, who would you know, love the opportunity? For sure.

Erwin  

Where are you sitting? Because people want for you probably want to sit with you. Oh, I don’t know publicly. But yeah, the point is like, we can give you a discount code again, and then we can reserve seats for your tribe. Okay. See, obviously that CD together. Okay, amazing. All right. Well, cuz you’re gonna be in Toronto, you’re not always in Toronto. Right? That’s right.

Danielle  

Yes. I want to come more often, for sure. Because last time I went was for a mastermind. And I didn’t have enough time to meet with other investors to network and wait quarry to? Yes, yes. Yes, that was so that was the reason I went. I was for his mastermind. I think it was two weekends ago. Yeah. Yeah. Do we can go here? Yeah, it was two weekends ago. That’s right. It was so awesome. So many new new faces to events. So I feel like the real estate community is growing all the time, which I love.

Erwin  

It’s growing and shrinking, because a lot of people got hurt in this environment. You and I probably both know people, or there’s organisations that were really aggressive and the stress I taught, or just people naturally are aggressive, and just over leveraged. Literally talking to Dahlia, she was telling me how people are coming, asking her for help deal with their investments, situations. Really like folks who are 100% leverage paying, like over 10%. And then they also borrowed the money for the renovations. And they’re paying like 15% or more. Yeah, renovation money. And now they’re caught in this downturn.

Danielle  

Yes, especially flippers, right. Like

Erwin  

even burr investors who didn’t have the capital, we didn’t have enough cash. Right? We’re debt heavy over leveraged expensive debt. Like anyone could get caught that

Danielle  

Yeah. It is scary when you think about it. I mean, this is like, could be a whole other topic. But it’s also about planning, right, and preparing and, you know, having that huge buffer, like, we run our numbers super conservatively. And so, I know, like, it wasn’t something that people could have predicted, because, you know, if you were in that growth phase, and a lot of the money was leverage, you know, it’s hard to, to know, like, okay, like, when do we slow down? Or like, you know, the supply chain, that was a huge problem for people who are doing renovations to so it’s hard to know,

Erwin  

it wasn’t because we’ve been living through supply chain issues for last over two years. So I know that we have the supply chain issues budget based on the supply chain issues budget double the

Danielle  

time. Exactly, exactly. So I think it it’s about preparation as well. And then, you know, having that huge buffer, but yes, you’re right. I do know, a few organisations and individuals who, you know, got really hurt during this. And hopefully, like, you know, I’m sending them recovery vibes, because it’s really hard to shift after something like that, right.

Erwin  

I’m hanging on. Right. And Dell you mentioned like this one person with all this money borrowed had three of these. Okay, yeah. Not only being over leveraged on one property, they have three properties. Yes, that’s a lot. That’s a lot. One is a lot. I can’t believe three. Yeah, totally. Well, yeah. So where can folks find more information on wink?

Danielle  

Yes. So we are on Instagram at at wink so wi N c dot investors, and people can find us there. We also have a Facebook page. And it’s the same name women investors, network Canada. And that’s where we post our monthly events. So we have online events and in person events, and then all of the other chapters, they will be posting their own events as well, but it always will show up on the wink main page, which is on the Instagram page. Yeah, so there’s going to be events every month across Canada for our WINC investors. Super cool.

Erwin  

And then we touched on Korea Korea’s group you’re part of carries a certain name for it. There’s an A for Infinity something

Danielle  

infinite real estate results programme? Yes. So I joined chorus programme last year and it’s been amazing because I’ve been in real estate for a long time, but I’ve kind of been on my own you know, just winging it, learning from my own mistakes. because I didn’t have that education or that community when I started, like 1415 years ago. So by joining Corys programme, I was able to have that community and he is super, he’s just so knowledgeable and so experienced that he was able to help me set up, like behind the scenes and set up systems for my business. Because before I was, you know, I didn’t think of myself as an investor, I just thought of myself as a landlord. You know, I was a landlord and I had a couple of properties. But when I shifted my mindset to I’m a real estate investor, this is a business, I need systems so that I’m prepared, and I can scale and without those systems, it’s very difficult to scale when you’re doing everything yourself. Like I was the bookkeeper, the property manager, the marketing agent, the, you know, tenant screening department, so I was everything. I did it all right, but now I have you know, teams in place. It’s great. All my paperwork up today. I just love it. Like mortgage brokers love me because whenever they ask for paperwork, I send it to them within 30 seconds. I know exactly where it is because of my my books are super organised. It’s amazing.

Erwin  

Mortgage brokers hate me. Because I refer them to Cherry. She gets them answers.

Danielle  

Yeah, no cherry has been amazing to like she she was actually one of our speakers for wink. And the women love just listening to her presentation and just answering all tax questions, because some of us are beginners, so we’re, you know, not sure how to set it up properly. And she was able to give like a lot of great guidance. So thank you for that, too. Awesome. Yeah.

Erwin  

So you met her as a speaker. Hopefully, you can invite me to the golf outing.

Danielle  

Yeah, we want to definitely do more golf events. So next year, like in the summer, maybe we’ll have a couple more because it was just it was a huge hit. Yeah,

Erwin  

we’d actually like to come out of it in the winter as well. It’s on chain as both both of our bucket list to stay at the window. We’ve never been Oh, you are not from Ottawa, right?

Danielle  

You have to come. It’s amazing. They

Erwin  

haven’t skated it. I would say a lot. Ya know,

Danielle  

you have to come and you have to make sure you get a beaver tail and hot chocolate with the marshmallows. Because that’s like the whole experience.

Erwin  

Amazing. Yeah. Yeah. Yeah, we’re not sure. Yeah, this is probably the weather dependent. But you know, something listeners want to hear about that. Painting after today. What can you tell us about Ottawa investing? What’s going on in Ottawa,

Danielle  

Ottawa. So, although I think it’s being affected, just like everywhere else, because I’m talking in terms of like the single family homes, because there’s a house down the street. And, you know, it would have, I think it would have sold for over a million back in January or February. And now it’s asking for about 850,000. And this week, I saw a price reduction sign. And now they’re having open house, an open house this weekend. So I definitely see a shift here in Ottawa. But because I’m not in the singles and the two to four unit, my focus is on the larger multifamily or vacation rentals. It hasn’t really impacted me, per se, but I do see a shift just even like around me talking to homebuyers, but I feel like it’s a different world. It’s like the end user world, right people who are buying to live versus the investor world from the investor side, I do know of some flippers who are having a hard time selling at their projection. So they will be getting, you know, they’ll be taking a loss on some of those flips, which is unfortunate. Yeah,

Erwin  

I know, some flippers too, but they had planned for Plan B, which B to rented out the property.

Danielle  

Yes. Yes. So that’s kind of the only issue with that is if you didn’t plan well, for Plan B, let’s say your finishes were, you know, higher. You know what I mean? And then flipper got it? Okay. Yeah. So it could be an issue if you know, you’re choosing really high end finishes, because your plan was not really to keep it and rent it out. So now you have this beautiful home that was not really meant to be a rental, but you’re going to be renting it what your and you won’t be able to ask for like that high of rent to offset the mortgage. Right. So for that, I hope so. Or Yes, exactly. Every problem needs multiple exits. Yes. And but that’s what comes with experience in education, right? If you have like a coach or you’ve been doing it for a long time, you would have had Plan A, B and C because when I look at a property, that’s what I do, like, Can I do short term rentals with this? Can I do long term rentals? What happens if I need to sell it? Or you know what I mean? Like you have to be able to have different exit options.

Erwin  

Right? We work with clients like we know exactly that exactly, but we have a pretty good idea temporal file, what they’re gonna pay you rent, we can fill it. Exactly. Our system is very boring and repeatable.

Danielle  

But that’s those are the best kinds, like boring is good. You know, you want to have Boring, boring strategy, because then you know exactly what to do. Like, you know, these are your tenants, these are going to be the rents This is how much they make. So, you know, this is how much they’re going to afford. So for me, I usually buy in, like a neighbourhoods for the single family homes, because we’re most of us are government employees here. And we all like government employees makes on average, 60 to 80,000, you know, and that’s not management level. So if you’re a manager, you’re talking 90 Plus, right? Yeah, hopefully

Erwin  

get one of those jobs as a side hustle, and just like do not show up. No, you have to show up. I see if I get nervous. I’m totally joking. And just such a so jaded government worker.

Danielle  

I know that’s, that’s another topic. Well, we’ll pause on that one. It’s all

Erwin  

jealousy for offer for any of our listeners, who are government workers. I’m just jealous. I wish I had that kind of situation where I can just turn off my mind at five o’clock.

Danielle  

Yeah, well, that’s the different that’s that kind of like that different lifestyle and mindset, right? Because you do leave, you know, your work at five versus being an investor. It’s, it’s always Oh, yeah, it’s always on your mind is always on weekends, and things like that, which actually, I’m trying to take back some of that, like, I stopped going to walk throughs on the weekends, like I remember, I used to drive to Cornwall on the weekends to look at properties. And after a while, when you get to the point where like, okay, like, I have a great portfolio already. I’m not doing that anymore. Now I’m going to be delegating that task. So I’ve been doing more virtual walkthroughs and things like that, which is super awesome. It saves me so much time. And I just told myself like, I’m not I’m not doing that anymore. It takes away so much time with my kids on the weekends right.

Erwin  

Now we can assume their clients, especially people being more comfortable virtual, more virtual, and also because of the way the market is we can get conditions for inspection. Exactly. Yeah. Our client come then, or they can still stay at home and just wait to see the inspection report.

Danielle  

Exactly. Yes, exactly. It’s gonna real estate’s boring. It’s

Erwin  

so cookie cutter. And yeah,

Danielle  

you know what to look for already? Right. And inspection reports. So the red flags?

Erwin  

Yeah, yeah. And the day does not matter what my opinion is on if I like the kitchen or not. It’s all about what my tenant wants, and what’s likely for renting it.

Danielle  

Yes. And I think that’s the difference between, like an experienced investor and someone starting new, they still are putting themselves, you know, in the apartment versus thinking like, No, you have to look at it through your tenant perspective, you might want this kind of kitchen. But does it really matter? Will your tenant care? No. So you have to look at it like that right?

Erwin  

Now in this market. Beggars can’t be choosers. Yeah, exactly. There’s nothing to rent is that the same non Ottawa is vacant? What has vacancy?

Danielle  

Yeah, vacancy is low, it’s always been low here. I’ve never even had one month of vacant units in any of my properties.

Erwin  

financial hardship.

Danielle  

I know I’m very blessed. I’m very blessed. Because we have never had an empty unit, not even for a month. So when our tenant gives us notice, we, you know, market the property, and it’s filled right away most of the time within weeks. But because we have really great properties, they’re all in really great neighbourhoods. And so, because I know who I’m renting to, right, so I know there’s that demand. But for other investors, I feel like it’s probably the same maybe one month of up, but I feel like the vacancy rates are low. It’s definitely below 3%. So

Erwin  

that makes us even lower. Yeah,

Danielle  

I bet you Yeah, I probably I haven’t checked recently because

Erwin  

vacancy, because we need to, like fix stuff up. But yeah, rent rental supply is like non existent.

Danielle  

No. And the thing is, sometimes I’ll even like sometimes I want that one month to you know, like you said, fix things up, you know, give it like, you know, just a fresh look. Right? But the demand is so high people will be like, no, like, I’ll take care of it. Like I’ve had tenants say like, Don’t worry, like all pays. I just want to get in because I have to get out of my other unit. I have nowhere to go. So they’ll ask me. Can we go you know, like a couple of days early. You don’t even have to clean it like we’ll clean it like it’s the demand is definitely there

Erwin  

is the same in New Brunswick, New Brunswick. It’s

Danielle  

just I feel like it’s the same to like the vacant securing. Yeah, it’s I mean, immigration, like that’s a whole other topic as well, but like, immigration levels are high and they’re going to continue, right. So there’s a demand for housing everywhere. What does that say?

Erwin  

And Generally speaking to our clients, they’re not scared of this of this market. A lot of them are waiting, long waiting, a lot of them are actually getting in.

Danielle  

This is a great time to get in. If you know what you’re doing, right. Like, if you’ve been putting your your money aside for this opportunity, which I know a lot of people were in the last six months to nine months, they were not buying anything because they were waiting for these opportunities. Those people, this is a great time to come in. Maybe you can buy something to house hack, right? This is a perfect opportunity to do that. So yeah, I would only be scared if I was selling my home that I bought in January. And now I need to sell that’s not a good situation. But if you were strategic, I think you would be in a really good spot right now.

Erwin  

Alright, and we bought for cash flow, you can rent it out and cover your costs. Exactly. You didn’t quit your job.

Danielle  

No, yeah. Because, you know, I heard somewhere I don’t remember. But with real estate, if you know, if you have tenants paying down your mortgage, the principal pay down is really the guaranteed of return, right? Because the cash flow comes and goes depending on you know what the expenses are that month. Exactly. But your your principal pay down is always there, you know, for sure every year that X amount will be paid down. So to me that’s, that’s a huge plus. So if you can get in now, do some house hacking, which is my biggest regret. I never got to house hack. I would love to house hack now. But it’s like my house is a gong show, right? So I can’t it’s not possible, I would be so noisy. But if you’re 1718 listeners are, you know, at the beginning of their journey, honestly, my biggest regret is not house hacking. So if you can do it now, go for it. It’s going to be such a game changer. And it’s going to accelerate your real estate investing journey so much like you have no idea.

Erwin  

So buy a house hacking, you mean renting out parts of your home?

Danielle  

Yeah, yeah, or buying a duplex and living in one or buy. I mean, if you could afford it, and it makes sense, I would go all the way up to a four Plex live in one rent the other three. If for some reason that’s not possible, then you know, buy the single family home and then rent out rooms or the basement or something like that. Just because if you’re single, this is the best time to do it. Right? You’re a single individual. Go for it. You’re gonna save so much money, you can just start building wealth. It’s like the best option.

Erwin  

Yeah, the last three houses I’ve owned all had Income Property potential.

Danielle  

Yeah, right. Like, that’s the way to go. I wish I had done that. And,

Erwin  

like, cheap like me, you’ll find ways to save money. I am proud I’ll gladly live in my basement and rent at the main floor and collect rent.

Danielle  

I would totally do it. But I don’t think my kids my and our pets and my husband will come with me they’re gonna just gonna be like Google.

Erwin  

Right, right. I was actually reading I think RBC came out with a report recently. I think something like 4050 years ago, the average household was like 4.2 people. Okay, and now we’re like, too low, too. We’re low too. Now. It’s part of the reason why we need so much housing, because some, so fewer people are in the one property, which is actually funny, because I thought households were getting bigger. But anyways, my point is, is that a lot of people’s homes are very empty. It’s true, I will space to rent out.

Danielle  

This is very true, because people think they need more space than they actually do. So that’s something to think about too. And I mean, I know people like the privacy in their own personal space. But I think sometimes you have to sacrifice a little bit at the beginning, right? You know, you got to rent out those rooms because there was a certain empty, you’re not maximising your home and you’re not leveraging what you have. So yeah, that’s what I wish I could go back in time and do so biggest regret.

Erwin  

So just to feed the FOMO. I actually have a client client Katie’s coming on. Soon, they rent the rooms to international students. Okay. From China, and they pay a lot of money. Yes.

Danielle  

Okay. I actually looked into that. Yeah. To be like a homestay. Right. Yeah. Yeah. But that didn’t work out. too. Like, if I can’t help Zach, I want to be a homestay family. But, yeah, it was the whole process. And then it didn’t work out for us. But yeah, that’s another option for sure.

Erwin  

Cuz it’s a side benefit. For my family. We want our kids to learn Chinese. Right? Yeah. Right. Because if anyone doesn’t think China is gonna be a world economic power more than they are already. Right. So yeah, you know, again, diversification just hedging my risks. learning Chinese is not a bad idea.

Danielle  

No, it’s a great idea. They have choice. Do they have Chinese Saturday school? In Toronto? Because they have them here. It’s free. It’s

Erwin  

yeah, I think we better feed students in our house or Oh, yes, that’s even better. Yes, that’s that’s even better for sure. I think they both appreciate it. Because then the Chinese students can learn some English and my kids can in a very, you know, get a lot of exposure to Chinese.

Danielle  

Yes. Oh, my husband’s family did that they were homestay families for Japanese students for like 20 years. And a lot of the students became like family friends over the years. Right. And I think it’s an amazing experience. So that’s gonna be awesome.

Erwin  

I need a bigger house. Danielle, we’re running out of time. Do you have a couple moments talking about social media? Of course,

Danielle  

I love social media now. I was honestly so afraid of social media. I was I didn’t have any. Yes, I don’t so much. Because I forced myself to do it. I only had Facebook from like, whatever Facebook came out. And then I kind of just stopped after I had my first son. So for 10 years, I was not on Facebook, or Instagram, or anything. It wasn’t until I the the pandemic hit my friends, she kind of forced me to to create an Instagram account. And she said, you know, you have to be part of like the world again, like you have to join the join the world. So I did. And at that time, I was just posting, you know, kids stuff. And I don’t know what happened. But something shifted in me. And January 2021. So last year was when I decided I’m like, I’m going to take social media seriously, I’m going to share my journey, I feel I felt like I had a lot to offer. And I was keeping it all to myself, which I felt like, Okay, if one person can benefit from my real estate investing journey that will be more than enough to make me happy and to push through that fear. So that’s kind of how my journey started. I just forced myself to make posts to go online and and figure it out. And but I didn’t know I didn’t, I literally didn’t know how to create a post on Instagram, I had to ask my friend. And we did it together. I remember at the restaurant, and I just kept doing it. And I felt like people resonated with my content. And I, I started getting a really great following. And then I became more confident. And I just kept sharing, and then the my, my community started growing. And that’s how I ended up making so many incredible friendships like even like the wincle founders, like we met through social media. And now, like, I can’t even imagine how I didn’t know them before. It’s crazy. And a lot of my investors and a lot of my partnerships were all through social media, we became friends, because we resonated with each other’s content, and just took off from there.

Erwin  

As the message just get started, just post to start posting. Yes. So does anyone who looks at your stuff might be feel intimidated.

Danielle  

It’s crazy to me, because if you if you had followed me from the beginning, you can see that I you know, I would stutter I was nervous, my face would be read me to actually. But yeah, like, I didn’t know how to do any of that stuff. When I got frustrated, I decided to get help is which is when I started paying for someone to help me create content. And now I have a virtual assistant, and she helps me and it’s been such a blessing, because now I’m able to do even more content, create more content, because she’s able to take it and like, you know, add the captions and put my logo and do my branding for me, which takes a lot of time. And so she’s able to do that. And I’m just gonna focus on creating the actual content. Yeah, so yes, I think my advice is, if you want to grow your real estate business, you have to be on social media, and you have to share your journey. And you just have to push through that fear of being uncomfortable or being judged or you think, you know, your friends are gonna, like, think, you know, you’re crazy or whatever, just who cares. Just be yourself. Be authentic, and somebody is going to resonate to your message because I find a lot of people reach out to me and they say, like, you’re so relatable, you know, you’re not using crazy fancy words. You’re a mom, you know, you go to the gym, you’re like an everyday person. And if you can do it, it makes me feel like I can do it too. And my message is yes, you can because I’m not special. I literally like you. You heard my story. I got sick, taking the bus to go see you. And then I didn’t know how to create a post. And now I have an amazing community. So everything is like teachable. Just teach yourself these skills and push through that fear and you will see the results. Amazing.

Erwin  

Yeah, I didn’t know I usually ask a lot of questions. So I hung a lot of the air sort of in a way and Final thoughts you’re already overtime I

Danielle  

appreciate. That’s okay. I honestly thank you so much already for for, you know, asking me to be a guest I feel super honoured, I remember, you’re gonna laugh again. But I remember thinking I was listening to your podcast, I was like one day, I’m going to be a guest. Because I would have, I’m going to do like great big things, I’m going to help people and then I’ll be able to share it. And here I am. So thank you so much for for, you know, giving me this opportunity. And my message to people is, if you’re serious about changing your, your finances, you’re serious about helping your family create wealth, and just be more comfortable. You don’t have to be, you know, super rich and own yachts and things like that. But just adding that extra comfort in your life, which is super important to me, because I have two kids. And I know it’s super expensive to have all those extra activities. So if you are ready to change your finances, and create more income for yourself, and you want to invest in real estate, reach out to either you know, a coach, get into a programme, just take action. And if people are not nice to you and don’t want to help you just go to the next person because somebody will want to help you. And that’s how you’re going to grow. And you can reach out to me, I’m happy to help you as well, because I know you know how scary it is. I was there too. But I always tell people the easiest way to reach out to somebody without being scared if you give them like a key word. So for people who are listening to this, and they want to reach out to me, they can just DM me on Instagram. Let’s think of a cool word for them.

Erwin  

I thought range but I guess it’s too generic.

Danielle  

We can you can just say,

Erwin  

let’s get on the bus.

Danielle  

Okay, let’s do a bus. Just DM me the word bus ride because I know you would listen to this story. And that you know, it’s from this podcast. So if someone wants to reach out to me, and they want to DM me the word bus ride, I’m gonna know that they listen to this podcast, and they want me to reach out and just help them get started. And so I’m, I’m totally happy to do that.

Erwin  

Amazing. Daniel, something I’ve been working on. Just I don’t know, my mind, my mind has always been weird. Actually, Turks and Caicos is a good example. I think I think of Caribbean people in general. They work to live, right, and they live a lot. Especially when you live somewhere so beautiful. You’re gonna want to spend more time living and working. I don’t believe that’s the reality for most Canadians. Unless you were born rich, and no one wants to live to work. It’s pretty much the opposite of I think what our purpose is, yeah. So I’m I’m mean towards we work to invest, and we invest to live,

Danielle  

I love that. I think if people can understand what you just said, their lives will change. Like, if you just think about working, so you can have that capital to invest. And then that investment is going to be able to create the life that you want to live. If people understand that cycle, everything else will change. Because I was raised to save money not to invest. No matter how much money you save, you will never be able to create any kind of wealth or freedom because it takes forever to save. And then the money that you’re saving is actually losing value over time. So to me, I no longer save, so I will create money. So it’s either through equity or cashflow, I will create that income and I will invest that income and that income, that investment is what’s going to change my life and make things just more enjoyable. Like I’m creating money to enjoy life, not the other way around. You know, so I think if people can understand that concept, like don’t save, invest instead, if they can just understand that I think everything else will fall into place. Right? Or my the biggest thing I tried to like, change people’s mindset is the whole like, I’m waiting to invest, because I don’t have any money. But you will never have money if you don’t invest. It’s like it’s a cycle, right? So even if you start off with something small, like $50 It’s something at least you’ll get that habit and once you get that habit, you understand how it works, then you’re going to start to actually try to create more money so that you can invest. Do you know like all these side hustles are available to people you can create money from from anything now. You know, you can create a course you can host webinars you can sell like my son was selling e comic books, or $3. And he made 70 bucks. Pretty good.

Erwin  

Fantastic. Right? One of our clients drives DoorDash Okay, yeah, $500 a week.

Danielle  

That’s amazing. Yeah, so imagine you took that and invest. That’s a side hustle, right? So like, get Add a side hustle and take that side hustle and invest it. And that’s how you’re going to create and build momentum. Yeah,

Erwin  

thank you so much for your time. Thank you so much for your support

Erwin  

before you go if you’re interested in learning more about an alternative means of cash flowing like hundreds of other real estate investors have already, then sign up for my newsletter and you’ll learn of the next free demonstration webinar I’ll be delivering on the subject of stock hacking. It’s much improved demonstration over the one that I gave to my cousin chubby at Thanksgiving dinner in 2019. He now averages 1% cash flow per week, and he’s a musician by trade. As a real estate investor myself, I got into real estate for the cash flow but with the rising costs to operate a rental business, it’s just not the same as it was five to 10 years ago when I started there are forgive the cash flow reduces your risk. The more you have, the more lumps you can absorb. And if you have none, or limited cash flow, you’re going to be paying out of your pocket like I did on a recent basement flood at my student rental in St. Catharines. Ontario. If you’re interested in learning more and register for free for my newsletter at www dot truth about real estate investing.ca. Enter your name and email address on the right side. We’ll include in the newsletter when we announce our next free stock hacker demonstration. Find out for yourself but so many real estate investors are doing to diversify and increase our cash flow. And if you can’t tell I love teaching and sharing this stuff.

 

 

To Listen:

 

On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294

On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

On Spotify: https://open.spotify.com/show/6Z8yd37AQfQI5DK0J0Xwzz

On Google Podcast: https://podcasts.google.com/feed/aHR0cDovL3d3dy50cnV0aGFib3V0cmVhbGVzdGF0ZWludmVzdGluZy5jYS9mZWVkLw

Youtube: https://youtu.be/QPVT7GX4GP8