The Land Banking Real Estate Lawyer w Hussein Kudrati

Does anyone else feel oversensitive these days?

I’m not sure what it is, but my temper and patience have grown shorter over the past years. Even the littlest things make me feel emotional.

Yesterday, I received a late birthday present from my brother and sister-in-law via Amazon – a simple comic book.

No big deal, right? Well, it’s a comic book of Shang Chi, the newest in the Marvel’s Avenger series of movies, and he’s Chinese like me 🙂

 
 
 
 
 
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I’ve watched every single Marvel movie since the first Iron Man at least three times!

I used to borrow my brother’s Netflix, but now I have Disney Plus+, so it doesn’t cost me anything to keep watching them, lol.

Anyways, I felt a rush of emotions come over me as I opened this simple comic book. As I read the first few pages and my eyes started to well up.

I’ve loved superheroes all my life and kung fu movies; my favourites were anything with Jackie Chan. Now I get to see two of my favourite things coming together.

From a business perspective, I don’t know why Disney didn’t do this sooner – feature a superhero of Asian descent who looks like a few billion people in the world.

As this is a real estate show, Spring is here or has been for some time.

The weather isn’t warm enough yet, so we burned some wood to keep warm while the kids used the pre-heated pool. Thankfully, Oakville allows open fires. 😊

For Spring maintenance, I’m sending my handy person Rob to inspect all my Hamilton properties. He’ll document, quote all the inefficiencies. He’ll also prepare a game plan to address any maintenance and renovations needed.

Rob is a smart guy, so I’ll even have him coordinate any specialty trades needed. eg. HVAC if my air conditioner or furnace needs maintenance. I want to stay not involved as much as possible. LOL.

Real estate like property maintenance doesn’t need my regular attention. So, I outsource jobs to spend more time with the family, working on my businesses and working out. Those activities are more enjoyable to me than painting or cleaning out eavestroughs.

Speaking of real estate, we continue to offer free training classes on the #1 investment strategy in real estate.

FYI the #1 strategy has changed three times in the ten years I’ve been a real estate professional, and it will change again. So, I recommend you learn from the experts on my iWIN Real Estate Team who practice daily.

I’ve even recorded a video explaining how I invest for my kids. You can view it at www.investortraining.ca.

It’s a recording so you can watch it at your leisure. Once you register for it, we’ll let you know when our next free training on real estate is.

The Land Banking Real Estate Lawyer w Hussein Kudrati

On to this weeks’ show.

One of my real estate lawyers Hussein Kudrati is here to share his own experience in the family business. They invest in real estate with the long term in mind, including what’s called “land banking”.

Hussein and his family have benefitted from generations of entrepreneurship. He’s here to share what it’s like and, even though he was born into privilege, his parents raised him to be humble and hustle.

Hussein has a ton of experience working in real estate. He also works with folks who have assets they want to pass onto their kids, paying as little tax as possible.

He was kind enough to share some of those stories today… Including why his family chose to live and invest in Canada though they could have immigrated anywhere. He talks about the “abuse” his parents put him through to ground and humble him and how one can start land banking today.

Please enjoy the show!

Subscribe on Android

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 
 

To contact Hussein at HSK Law Firm:

https://hsklawfirm.ca/

289-266-0553

HSK Law Firm Professional Corporation

107- 1001 Champlain Ave 

Burlington, ON L7L 5Z4

 
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

Lessons In Commercial R.E. Through Crashes, Why Focus on Industrial & Nursing Facilities w. Shane Melanson

Greetings, Wealth Hackers!

Everyone enjoying the kids going back to (virtual) school after March break in April? 

Since we moved homes before the break started, my kids switched schools. Our new school is only 5 minutes away by walk vs. our kids took the bus when we lived in Burlington. 

The biggest downside of bussing kids to school is it limits my face-to-face interactions with their teachers.

 
 
 
 
 
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A post shared by Erwin Szeto (@erwinszeto)

Now the kids are in virtual school anyways with new teachers and new classmates.  Their former teachers were happy to have our kids continue with their classes, but the kids chose to move on. 

They’re doing quite well as they did before.  I have no idea why but I wonder if it’s because we limit their screen time.  They do have a crappy tablet that they only use for audiobooks which they absolutely love. 

We play video games only on weekends but not for long. They also don’t have the time between tutoring in Math and English 3X per week and Kickboxing 4X per week to watch any movies.

They’re now in our pool that we’ve had open for 2-3 weeks, and I may jump in after recording this 😜

I’m learning how to be a pool owner. 

Yesterday, I taste-tested the water, then proceeded to dump two bags of salt in the pool.  I hope that does it as I don’t have a fancy saltwater testing kit. I also don’t want to taste-test the water again intentionally. Hopefully, the kids haven’t grown another arm yet. LOL.

We cranked the gas heater to 85 degrees, so hopefully, I don’t freeze to death.

Today is also 48 hours after I’ve had my Astra Zeneca vaccine, and today Justin Trudeau got his Astra Zeneca shot.  Hopefully, what’s good enough for our Prime Minister and Chancellor Angela Merkel of Germany is good enough for a regular joe like me.

I’ve had zero side effects in my experience, and I set a personal record after riding my indoor Peloton bike for over 90 minutes last night. 

I’m feeling very grateful.

I know many are not so lucky with this virus, including my friends on the frontlines in the hospitals, and I’ve gotten several messages from friends disappointed in not being able to get an appointment.

I do believe we are in this together, and I’ll do my part. I’ll stay out of the hospital, heeding the warnings of ER doctors to avoid ER’s. As if one ever needed advice on not doing stuff that would lead to going to the ER.

I tip 15% each time I order takeout. I’ll tip the restaurant directly if ordering Uber Eats and the driver.

I’ll continue my charity work and bring value to our investor community.

Speaking of value, we posted a video about my thoughts on the 2021 Federal Budget on my YouTube channel: The Truth About Real Estate Investing.

Why is it important to know?

Well, the Ontario Government in 2017 tanked the real estate market with their Fair Housing Plan. So, I want to know, as an investor, what’s in the budget, which I summarize for the Canadian real estate investor.

For those who’d like to learn more in-depth about real estate, we have our May 15th monthly iWIN Meeting coming up. We have planned presentations on How to Buy A Foreign Vacation Property and How to Make The Interest Expense On Your Home Tax Deductible. 

Everyone on my email newsletter gets an invite, and it’s available for sign-up at  www.truthaboutrealestateinvesting.ca.

Lessons In Commercial R.E. Through Crashes, Why Focus on Industrial & Nursing Facilities w. Shane Melanson

On to this week’s show!

This week, we have returning guest Shane Melanson, one of the most active commercial real estate investors I know.

He’s pretty big time, having bought 100’s of apartment units. He’s developed tens of thousands of square feet of commercial/industrial properties. He’s now involved in skilled nursing facilities, like less urgent hospitals, so the operating costs are much less than hospitals. 

Shane is here today to share lessons from investing during a crash and the time it took to recover. He’ll also share how he structures these multimillion-dollar development projects and the difference in getting commercial lending/mortgages in Canada vs the US.

We cover a ton of stuff, so for anyone who likes to geek out on commercial real estate, I hope you enjoy the show!

Subscribe on Android

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 
 

To Follow Shane: 

Web: https://shanemelanson.com/

 
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

How The Armchair Investor Achieved Financial Freedom By Age 55 With Michael Dominguez

Have you gotten your shot yet?

I just did at a Costco Pharmacy! I was a bit early for my appointment, so they took me in early, and the pharmacist read me the side effects to expect. 

I’m well informed on the subject as my dad is a doctor, and I follow several local ER, ICU, and Infectious Disease doctors on Twitter who share, unfiltered, what they see in their battle against this virus. 

One of them is an old friend of mine, Sumon Charkrabati. We went to University and lived in residence together, so I know firsthand how smart he is. Now he’s on the local news all the time.

 

 
 
 
 
 
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A post shared by Erwin Szeto (@erwinszeto)

Here are their Twitter handles in case anyone is interested:

Anyways, I showed up about ten minutes early at the Costco Pharmacy and got my Astra Zeneca shot. I barely felt it, unlike the nose swabs for covid tests I’ve taken. I waited 15 minutes till they said I could go. 

As soon as I got my shot, I got emotional and immediately started crying.

I don’t know what came over me, but I think it’s that the end is in sight. I know just a single shot is highly effective, and we’re one step closer to seeing our friends, family, clients, and staff again in person.

I cried even more, when the Costco cashier asked for payment for my $300 grocery bill. LOL.

I went a little overboard buying fresh salmon and ribeyes to smoke, three dozen chocolate croissants, a 5 litres of ketchup since I know I’m going to be living longer, there’s a chance of finishing the bottle ;).

It’s been almost 24 hours since my shot.

The only side effect to report is the injection site is mildly sore, and it’s so mild I don’t even notice it.  I even rode my Peloton bike this morning without any problem.

If anyone is feeling hesitant about vaccines or Astra Zeneca’s vaccine, you’re not alone; I had questions too.

Here are some of the online resources I read.  That and my father is a medical doctor, and my brother is a biologist on the far end of geeking out on the Coronavirus.

Resources:

So far, my mom, dad, stepmom, brother, sister and sister-in-law have all had at least one shot.

My mom is fully vaccinated, she lives in Hong Kong, China, and she legally hosted a birthday party with friends who’ve all been fully vaccinated, without masks, in her condo last weekend. 

It goes to show what is possible with the proper response to covid.

Anyways, back to the subject of real estate, on Saturday morning, May 15th, is our monthly iWIN meeting.

This month we have James “Money Baggs” Maggs sharing how to purchase a foreign vacation property as he owns a condo near the beach in Costa Rica.  I’m sure many Canadians are feeling the need to escape Canada these days.

Also, Real Estate Accountant Cherry Chan CPA. CA. will share how to deduct the interest expense from the mortgage on your home, aka the Smith Maneuver. It is a must-know money saving strategy for all investors of real estate, stocks, cryptocurrency, stock hacking, etc.

You don’t want to miss it.

If you’re on my email list, you’ll receive invites once registration opens. To receive my totally free newsletter that tens of thousands of Canadian investors already receive, go to www.truthaboutrealestateinvesting.ca.

How The Armchair Investor Achieved Financial Freedom By Age 55 With Michael Dominguez

This week we have my old friend Michael Dominguez as our guest.

He’s here to share his journey and lessons in his accumulation of 11 duplexes and a couple of apartment buildings. 

I know we’ve had some past guests share aggressive, full-time, active investing strategies, so it’s a nice change to hear from someone who relied on investing smart and letting time invested in the market do all the heavy lifting for him.

Michael is here to share how he obtained financial freedom and not so fun experiences with tenants, explaining how he shaped his portfolio.

He’s also a serial investor with multiple streams of income beyond real estate, which has enabled Michael to pursue his dream of road tripping in his convertible and taking in a baseball game at all 30 major league baseball stadiums.

Michael also spent the pandemic, after recovering from the Coronavirus, writing a book called “Armchair Real Estate Millionaire” meant for the beginner investor.  

Enjoy the show!

Subscribe on Android

 

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 
 

To Follow Michael: 

IG: https://www.instagram.com/armchair_wealth/

Web: https://armchairrealestatemillionaire.com/

Facebook: https://www.facebook.com/authormichaeldominguez

Twitter: https://twitter.com/armchair_wealth

 
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

Scaling Up From Single Family Houses to 150 Unit Buildings in the US, Hosting a MultiFam Conference w/ Seth Ferguson

What did you do for April Break (formerly known as March Break)?

For us, we’ve made as many plans as we could to stay in and around the home.

We got the kids new bikes a few months ago as a reward for doing great at school and, better yet, paid for by their grandfather :). We also opened the pool on the weekend, and it’s rained ever since, lol.

While pool opening is time consuming, my kids enjoy hanging out with me while I’m working on the pool, checking the pool chemistry, watching youtube videos to learn how to use the control panel and heater, and operating our brand new pool scrubbing robot.

 
 
 
 
 
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A post shared by Erwin Szeto (@erwinszeto)

The robot and automation is something I wanted to highlight for my kids as it’s a common lesson I’ve come across in my journey working with investor clients…

Some were taught by their parents that one must work hard to achieve anything.

While this is largely true, I believe one must separate hard work using one’s hands vs. what can be outsourced or delegated to focus on higher value activities.

In the example of my pool scrubbing robot, the kids have assigned a pet name “Zobie,” Zobie will vacuum the pool without supervision for a couple of hours on a timer, so I don’t have to scrub and vacuum the pool.

This saves me more time to do more important stuff like hang out with the kids or ride my indoor Peloton bike or work on the business, record podcasts, etc.

It’s no different in my real estate business. I don’t unclog toilets, mow lawns, shovel snow, but I will if I absolutely have to.  I do still pick up garbage when I visit properties for my six month inspections.

I had to pick up garbage at my old house last week in the family minivan and take it to the dump; it was the day of closing, and that’s not the impression I wanted to give the new homeowners.

But the rest of the time, my team operates my investment properties, including architectural drawings, getting city permits, renovations and ongoing management.

If you’re like me and want to be invested in the #1 asset class in an area in high demand by tenants, you want to be on my email newsletter.

It’s completely free, and we’ll inform you of our free online real estate training classes, our free online top investment city and property tours, and my favourite, the iWIN Meetings, where you can connect with local, like minded investors and learn from experts from my team and guest speakers.

Our next iWin Meeting is Saturday Morning, May 15th, where Real Estate Accountant Cherry Chan, CA, CPA, will share about the Smith Maneuver and how to do it properly as many do not get this right.  The Smith Maneuver is the tax minimization strategy of making the interest on the monies borrowed from your home a tax deduction.

You don’t want to miss this presentation as many folks do not execute the Smith Maneuver properly, therefore not deducting as much as they can or getting in trouble with the CRA.

Go to www.truthaboutrealestateinvesting.ca, enter your name and email address on the right, and you’ll be informed about when we host all these great events.

iWIN meetings are publicly available and cost merely $20 for non-clients, for which 100% is donated to charity.  Win/win/win. You learn, you meet awesome people, as the cost to attend supports local kids in Hamilton getting shoes and warm clothing.  What more can you ask for.

Scaling Up From Single Family Houses to 150 Unit Buildings in the US, Hosting a MultiFam Conference w/ Seth Ferguson

On to this week’s show!

This week we have real estate influencer and multifamily/apartment building investor Seth Ferguson.

Seth shares lessons from his nightmare joint venture, his journey from local, small residential investor to apartment buildings in the 150 unit range in the US. The structure of these types of private equity investments and how even passive investors may participate.

Seth also shares his motivations for hosting a multi-family investor conference in 2022; you can find details at https://multifamilyconference.ca/, and the discount code for friends of this show is iwin.

To my friends, please enjoy the show.

Subscribe on Android

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!
 
 

To Follow Seth: 

Conference: https://multifamilyconference.ca/, discount code iwin

Web: https://sethferguson.ca/

Real Estate Simplified: https://www.yourtv.tv/node/255026

Youtube, Multifamily Real Estate Investing: https://www.youtube.com/channel/UCtFJbKpP0PKd1YT0PF_WNnQ

 
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

How to Smith Maneuver, Tax Advantages of Owning a Tesla, Personal Real Estate Corporations with Cherry Chan

Greetings, my fellow wealth hackers!!

Does anyone actually like moving? I mean selling their house, buying another and moving.  

I’ve had guests on this show who’ve moved 10 or more times which has proven a great way for them to make money but not for me. I enjoy stability.

 
 
 
 
 
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We moved into our new house on Monday, and it’s been awesome. 

Our master bedroom faces east, so we wake up to the sun shining into our window and our newly renovated master ensuite bathroom.

Cherry and I are often in a hurry, so we tore out the single sink vanity and corner tub and replaced them with a wider vanity with two sinks and expanded the shower to about 5 feet by 3.5 feet. FYI 3.5 feet is the minimum width of a hallway. 

The original shower was enclosed with a shower curtain; we replaced it with glass, so the sun shines on us while in the shower – A great way to shower and get vitamin D!

What about privacy, you say? Do we just leave the bathroom window shades open?

We can as we don’t have a back neighbour and the house backs onto a pond which we are really enjoying. 

The view is great, and I enjoy just standing there, feeling like I’m in nature and watching the ducks.

I like having my bedroom face east, so I also stuck both kids in the other bedroom that faces east 🙂

Unfortunately, that happens to be the smallest bedroom in the house, about 10×10, so they’re in bunk beds which they think is great – Damn IKEA bunk beds that took me half a day to assemble, lol. 

Since we can’t travel for March Break in April, we’re opening the pool this weekend, so the kids have something to do over the break. 

No idea how this will work out, but I figure we’ll just crank the heater, and hopefully, in two days, the water will be warm enough, so my body doesn’t go into shock.  

Definitely interesting times we live in, and I’m grateful to be a wealth hacker: a small business owner, real estate investor, stock hacker, and registered charity operator so I can stay busy, make money, and help people. 

I hope you’re all staying healthy and if you need help to stay or become a wealth hacker, simply join our email list so you can take advantage of our free training and free virtual tours or join our Truth About Real Estate Forum, which we are in the middle of creating. 

It doesn’t exist yet, but it will soon, and when it does, our email list will know so they can interact, bounce ideas off of like-minded wealth hackers.

If you are not on my email list, go to www.truthaboutrealestateinvesting.ca.

Speaking of events, Saturday, April 17th, is our next iWIN meeting, all virtual so you can tune in while wearing your pyjamas!!

The topics include, “What is the best side hustle?” as my friend Chris Hook who has tried them all, real estate, essential oils multi-level marketing, ecomm / selling stuff made in China on Amazon, and of course, Stock Hacking.  He’s going to share the realities of each.

Also, we have the co-founder of Life at Key, Daniel Dubois, our guest from the previous podcast, ex Airbnb executive and how his new real estate business allows folks to buy real estate for as little as 2.5% down, about $15,000 on average.

I know I’m super excited to learn more about how he’s made this possible for so many people struggling to get into real estate in this crazy market!

How to Smith Maneuver, Tax Advantages of Owning a Tesla, Personal Real Estate Corporations with Cherry Chan

Now on to this week’s guest, my wife, Real Estate Accountant Cherry Chan, CPA, CA.

We covered a wide range of topics, e.g. what investments work based on the tax returns her team is preparing, how to maximize tax savings on mortgage interest on your home, why buying an electric vehicle like a Tesla makes financial sense from a tax standpoint, what it’s like being a crazy entrepreneur married to a crazy entrepreneur and so much more.

FYI, Cherry will be our May iWIN Meeting keynote speaker presenting in detail how to maximize your returns using the Smith Maneuver as requested, and I hope to see you there!

Enjoy the show!

Subscribe on Android
 
 

HELP US OUT!

Help us reach new listeners on iTunes by leaving us a rating and review!
 
 

To Follow Cherry: 

Web: https://realestatetaxtips.ca/

Instagram: https://www.instagram.com/realestatetaxtips/?hl=en

YouTube: https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA

 
 

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.
 
CLICK HERE to check out what’s coming up next.
 
 

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

 

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

How To Buy A Condo for 2.5% Down, Democratizing Real Estate w/ Former Airbnb Executive Daniel Dubois…

4 Flips in 2021, Changing Diet, 51% ROI Stock Hacking, Investing Must Be FUN with Susan White Livermore

From Not Knowing One’s Own Parents To Immigrating from Scotland to China, to Canada, Leaving Corporate and Buying Duplexes with Tony Cheung

How To Score 100% On A Personal Finance University Assignment

Greetings, My Fellow Wealth Hackers!!

I hope you’re all crushing it out there. I know many of you are because I see your posts on social media and I’m lucky enough to hang with some of you in person.

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto)

A close friend of mine who’s also a client of ours shared with me how between his stock hacking and real estate investments, he’s making significantly more than his spouse, who’s been working 12 hour days at a corporate job that pays six figures.

His cash flow alone from stock hacking exceeds his spouse’s work income! It’s pretty crazy how far a little education and investment in oneself will go.

If you feel your crushing could use some levelling up, we offer free training on the #1 investment strategy in real estate, free virtual city tours of the top places to invest in Ontario.

Our iWIN Meetings are simply outstanding. We have the leading subject matter expert Andy Tran sharing the latest on backyard suiting as in building an apartment in one’s backyard to rent out, the latest on zoning, financing, rents, construction, etc…

We also have Meridian Credit Union in the house, sharing how they’re different from other banks; hence we went with Meridian to refinance a bunch of our investment properties using our corporation to qualify for the financing, freeing up our personal credit to buy more properties.

This presentation will be an AHA moment for new and veteran investors alike.

Many of us could be doing better with our financing…

For example, when we went to get a mortgage on our new home with Meridian, who just financed our rental properties in our corporation, we disclosed to Meridian they have part of our investment portfolio. They didn’t even look at those properties in evaluating us as personal home buyers.

Your situation may be different, but that’s our experience, so you don’t want to miss this presentation. 

If you’re on my email list already, you’re already receiving email updates and invites to these events.

If you’re not on my email list, go to www.infinitywealth.ca, enter your name and email and you’re done. You’ll be tapped into the happenings we have going on to help current and future wealth hackers.

I had a client text me this week that her appraisal just came in for her new mortgage on an investment property I sold her in 2010.  The appraiser valued the house at over FOUR TIMES what she paid for it.  The house increased in value FOUR times!

On the personal side, things couldn’t be much crazier in Cherry and my world.  In the last 30 days:

  • We hosted Stock Hacker Academy for over 200 new students.
  • We are moving, so half our house is packed.
  • My daughter just finished self-isolation as she was exposed to covid. She just tested negative again this morning, so we can move on.
  • Our student rentals are slow to fill as students wait on the sidelines to see if they’re back to in-person school this fall. My guess is yes since the universities are suffering financially and it’s looking like they can get access to vaccines.
  • We have a bunch of new hires at work and more on the way.
  • We kicked off our Easter Basket Brigade Charity efforts; we will donate $20,000 worth of spring clothing to Hamilton’s underprivileged elementary school kids.
  • There was a bit of a minor meltdown in tech stocks and my portfolio took a bit of a hit.
  • The new house is being renovated and the scope grows each day.

The plan was to renovate our main bathroom to make it more functional for our style: remove the corner tub, double the size of the shower, upgrade from a single sink to a double sink. Big project, right?

Well, now the kid’s bathroom is being done and not just that, the whole kitchen too. Then the fridge died, but thankfully, the sellers are awesome people and sent us money to go towards a new fridge.

We’re also turning the basement closet and office nook into a bedroom for our nanny’s teenage daughter. We bought a house with an in-law suite so our nanny could come with us along with her family. Happy nanny, happy life! Plus, our nanny was a lifesaver with our kids online schooling from home as she’d watch the kids while Cherry and I went to the office to work.

All this craziness going on and I still managed to cash flow $8,300 US this week.  Fingers crossed for a good month since 20% of my trading profits go to charity.

If you hate what I’m doing, please send in your best advice so the underprivileged elementary school kids of Hamilton can benefit  – both public and catholic.

How To Score 100% On A Personal Finance University Assignment

Speaking of kids, a young man, Adnan, a university student from the University of Western Ontario, my alma mater, reached out asking me if I would be his subject for a school project on personal finance. 

I’m not a great educator nor storyteller, but I can share my experience on what has worked for me and that’s what this episode is all about. The tables are turned and Adnan asks the questions.

Maybe this episode isn’t for you, but perhaps it would help someone on the younger side.

Please enjoy!

Subscribe on Android

HELP US OUT!

Help us reach new listeners on iTunes by leaving us a rating and review!

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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

Lessons Investing In The Pandemic, Misfiring on US Investments, Building Houses for Investment With Andrew Hines

Well, we got the keys to our new house this week!

We plan to renovate a little bit. The two 2nd floor bathrooms are original builder so in our ensuite bathroom, we are removing the corner tub since having a bigger shower and double sink vanity is more important to us.  

Renovations have already begun as our general contractor is mutual friends of the sellers and me so that’s a nice bonus. Cherry wants to do a bunch of renovations to the kitchen as well. 

Personally, I’m really frugal when it comes to spending on ourselves.  It may be my own issue as it is my personal belief that you cannot become rich by saving. One becomes rich by creating value for more people.

For anyone following the real estate market, you’ll know our investor clients who took action to buy investment properties on land in the areas west of Toronto are doing just phenomenally.

Add to that, our Stock Hacker Academy students are doing amazing as well. 

Susan White Livermore came into the office to record a podcast last week and she’s up 51% since May 2020. Lynne Tham who was on the podcast this past fall provided me with an update, she finished 2020 up 64%.  My ultra-conservative good old friend and I emphasize OLD, Nick Ditomaso, a past guest of this show is up 42% since April 2020.

All of them had no prior experience with Stock Hacking and this weekend we are about to kick off the next 12-month installment of the Stock Hacker Academy to well over 200 new students, new friends and I look forward to seeing them discover a new life skill. A “game-changer” as many of our past students and guests of this show have described.

The nice thing about Stock Hacker Academy vs. my iWIN Real Estate business is that we are able to help more people.

Our real estate coaching business is focused on investment properties west of the GTA and while everyone should be investing in real estate, not everyone can afford to invest and for those who already do invest, you’re like me in that you’re searching for cash flow.

Hopefully, whatever investment vehicle you’ve chosen is doing awesome for you. 

Pretty much all of them work with enough capital and sweat equity, I’ve researched them all and interviewed folks who do. Not theory only take is allowed on this show. 

For me, I know I’ve found the best ones for me.

Speaking of folks who do, our guest speaker for the Saturday, March 27th iWIN meeting is backyard suite expert Andy Tran of Suite Additions will be sharing the latest on construction costs, zoning, rents, and financing because who wants to pay for this themselves when we can get banks to finance our investments with cheap debt. 

We also have my banker Stephen from Meridian Credit Union. Meridian has been awesome to us in refinancing the properties that we’ve moved from our personal names for ownership into a corporation so these investment properties no longer affect our personal credit. 

The benefit is Cherry and I were able to get more mortgages in our personal names, e.g. our new home and maybe one or two more properties this year. We nicknamed the strategy of getting one’s mortgage virginity back 😉

We actually explained the strategy to this week’s guest Andrew Hines who is a former mortgage agent and he too thought it brilliant.

Don’t you love networking? That’s how you pick up these golden nuggets!

Anyways, March 27th, 9 am – 12 pm. We have excellent guest speakers, plus my team sharing the latest on what’s happening at the street level in terms of rents, reno costs, where the opportunities are. 

If you’re on my email list, you’ll see the invites.  If you’re not, that’s just silly.  www.infinitywealth.ca, put in your name and email address and we’ll let you know!!

Lessons Investing In The Pandemic, Misfiring on US Investments, Building Houses for Investment With Andrew Hines

On to this week’s guest Andrew Hines!

Andrew is a builder, invests in student rentals and he has his podcast, The Andrew Hines Real Estate Investing Podcast.

Andrew is on the show today sharing how he started investing in real estate including the time he went to the US to invest, how that experience didn’t go so well but Andrew took responsibility to learn from that experience to become a better investor and how he’s become an in-demand builder of investment properties.

On the show, Andrew shares how build costs have changed, his findings in researching the starting of a real estate investment trust, the changes he’s made to his investing in a pandemic, etc…

I hope you all have as much fun listening as I did having Andrew over for lunch and chatting about investing and money.

Enjoy! 

Subscribe on Android

HELP US OUT!

Help us reach new listeners on iTunes by leaving us a rating and review!

To Follow Andrew: 

Linktree: https://linktr.ee/theandrewhines

IG: https://www.instagram.com/theandrewhines/

FB: https://www.facebook.com/theandrewhines

Youtube: https://www.youtube.com/channel/UCYGIvt3fC0OK378EIEHccpA

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 iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

 Sign up now for the Invitation List and be one of the first to get an invite to the next class.

Sponsored by:

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 meaghan@infinitywealth.ca.

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.

Erwin

Hamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.

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