Hello Wealth Hackers!!

I hope you are all healthy and wealthy, growing and taking care of all aspects of your lives. It’s great so many of you are looking to 10X your businesses and investments, but don’t forget to 10X your relationships and personal life.  Eat well, exercise regularly, because being rich doesn’t mean anything without friends and family to enjoy it with. That is what being a wealth hacker is all about. That and taking the most efficient path as possible towards your goals.  

Thank for you all for sending in messages about how much you’re enjoying the podcast!! My favourite place to read your positive comments is as a five star review on iTunes. As we approach being eight weeks out from the Nov 9th Wealth Hacker Conference we are experiencing what is called crunch time. All the comments about how much the podcast has helped listeners improve their lives is very heartening during this stressful period.

What has also come with receiving all this attention is requests for my help either via my time, mentorship, free passes to the Wealth Hacker Conference, etc….

More than ever I’m receiving requests. Just recently a gentlemen reached out, out of the blue, and asked for free passes as they don’t have the money. I get not having money, like many of you I graduated university with $30,000 of student debt. I would have never thought of spending more money I didn’t have for an event.  In hindsight, I wish I did. I could have just borrowed from my dad and I could have 10X-ed my progress, but that’s how hindsight goes.

I feel bad for the guy as I have a lot of empathy for people, but for anyone who’s read the book “Win Friends and Influence People” by Dale Carnegie, one does not immediately go in for “the sale.”  Instead one should provide assistance to the person whose attention you seek. With the internet and social media these days, one doesn’t have to do much.

Why not share my ads on Facebook or Instagram? Why not email one’s friends telling them they should go to my event? Why not even participate in one of the promotions I have in giving away a VIP ticket that includes a private and exclusive lunch, plus a separate meet and greet with Grant Cardone?  How about just liking one of my posts?

Nope, nothing. I even gave the gentleman a promo code to sell ten tickets and I’d give him one for free.  His reply was “thank you”, and that’s all I’ve heard or seen.

I recently read an article that interviewed a financial planner for wealthy families who specifically dealt with young people ages 15-25.  In her experience, if the parents paid for all their university, the kids would perform very poorly compared to kids who had to shoulder some of the financial responsibility.  Her suggestion was the child pay for year 1, parents cover the rest.

Same idea here, I don’t believe in giving things away for free. Those who pay, pay attention. The more skin one has in the game, the more serious they will be. Even for an event where we are attempting to change peoples’ lives.  

For anyone who hasn’t bought their ticket yet, come to learn strategies from the most successful wealth builders that will guarantee you to 10x your wealth, 10x your income, and 10x your life.  We have a jammed packed lineup of world class speakers who have already 10X-ed and want the same for you. Seats are extremely limited and this event will sell out.

As an added bonus, 10% of profits from the event go to support the Basket Brigade Charity, providing the most vulnerable local families warm clothing, daily essentials, and food. “Be the change you want to see in the world” ~Mahatma Gandhi

If you need more convincing, use my promo code thetruth to save 10% off.

www.wealthhacker.ca 

Nov 9th. Toronto Congress Center

The networking alone will be worth with folks like this week’s guest who bought a premium ticket and is coming all the way from Ottawa Ontario.

Investing In Multi Family Residential Without Competition Because No One Else Wants It with Christian Szpilfogel

Link to FB Post

https://www.facebook.com/erwin.szeto/posts/10162284775485313

“Christian Szpilfogel started as a hobby investor in 2005 in the Ottawa area and, with Chaunei Chan, converted the hobby into a full time business in 2017. Originally they would acquire cash-flowing Multi Unit Residential (MUR) buildings and ride the market, but this has been refined into a more focused forced-appreciation strategy, including MUR renovations, expansions and new builds. Their early days taught them the basics of property management and as their portfolio grew they have become much more sophisticated in the management of their properties and the more intricate aspects of tenant management, especially when they pick up distressed assets with troubled tenancies. They have applied a number sophisticated methods in property acquisition, advanced financing and credit techniques, property management and tenant management. While they predominantly focus on MURs they also have about 25% of their holdings in commercial units. Christian enjoys giving back to the community and is an active participant in various landlord support and networking groups.”

To connect with Christian:

Web: http://www.aliferous.ca

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

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions, so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Until next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

My apologies in advance for how many times I say the word “fascinating” in chatting with Ryan Poole who’s company, Real Trade, is coming out with a real estate listings service like MLS on a Blockchain platform.

But before I go there, for those following my story, I made it back in one piece from a bachelor party in Cancun, Mexico. I signed a non disclosure agreement, so not much to share, but I will share how I was getting home sick by the 4-5th day. I’ve been seeing all this talk on the social media about not buying one’s home, which only makes sense in select cases.  In Canada, the homeowner capital gains tax exemption is one of the biggest tax breaks we as Canadians will ever get, so that has to play into your consideration.

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto) on Aug 19, 2019 at 11:47am PDT

Another simple one is, how much would it matter to you to have to move at the landlord’s whim? Like any other investor, I don’t like risk and I don’t like the risk of having a landlord or their family member wanting to move back and displacing me and my family from our home.

All you parents out there know how we will do anything for our kids, and I am extremely worried for young people with the state of our housing market. Too much demand from immigration, not enough supply with all the rising costs to build, combined with anti densification sentiment among municipal governments.

Is it out of the question for the cost of a house to double between now and 18 years from now? My real estate investing is not just for investment, but as a hedge in case housing prices get out of control, and I definitely think there is a chance of that happening.

We have hundreds of investor clients whose homes in the GTA worked out as great investments, and then they turned their home equity into 1-5 investment properties and from there, those original investments grew in equity for downpayments for even more investment properties. It’s tough to argue with that track record. Plus, if you own your home, you get to put down roots and enjoy it at the same time.

One still needs to wear their investor hat when choosing a home. I’ve told many not to buy where they want to live. Eg. condos without great transit in Toronto. Instead rent and buy a house just outside the GTA.  I have a family member who did just that. They rent on the east side of Toronto where the landlord deals with negative cash flow while my family member owns two investment properties just outside the city that do cash flow. It’s tough to argue with that logic too.

So remember, buy smart, even for your own home. Consider, would you have any problem renting out your home to pay the bills or part of your home on AirBnb? Vacancy rates are at historic lows where we invest and rents are up 10% over last year. 

Finally, my wife and I plan on leaving our current home to our kids, should they want to live there, and start a family with no mortgage payments. If I were a tenant, I guess I could sublet to my kids so they could take advantage of rent control, but it’s not quite the same. Plus my house could easily have a basement apartment, which was a major consideration when we bought it. In my opinion, your home is an investment if you make it one.

On a side note, I did something on social media that you’re not supposed to do. I replied to a hater’s comment. LOL.

He wrote on my facebook, “Dude my parents did not have as much money as you to give me for Real Estate investing 

Sorry dude I ain’t a rich cbc.”

CBC is short for Canadian born Chinese.

My reply was “dude, my dad came to Canada at 18, youngest of six kids, barely spoke english, my parents had three mortgages on one house, my mom rented out rooms and cooked for people in our home to make ends meet. I graduated university 30k in debt. We started from the bottom now we’re here. 

Your parents might not have been rich so it’s on you if you want your kids to come from a rich family.”

He goes to accuse me to teaching get rich quick schemes. We go on and exchange for a bit, then I click to add him as a friend. He accepts and is of course bewildered, asking if i’m trying to kill a hater with kindness. 

We get chatting, he’s a recent grad living in a small bachelor apartment with precarious income and $45,000 of student debt. I let him know, this is why I worry for my kids, to which he completely agrees. Our first agreement, he actually writes “kids without money are F*&#ed”, hence the reasons I’m trying to get the message out there via this podcast, my email list, my social media, our iWIN membership, and of course the Nov 9th Wealth Hacker Conference.

The hater asks if I have it good now to which I reply, “not when I was your age. lived at home with $30,000 in debt. unemployed for almost 12 months. first job was 35k salary.”

Now I have his respect that I wasn’t handed anything. Then I invited him to this month’s iWIN meeting as my guest, because I think he needs help and a change of scenery. He suggests I give the ticket to someone who could actually be our real estate client as he can’t. I explain that I’m in this business to help people. Don’t care about your net worth. I only care that you leave that meeting having learnt one thing or making one contact that moves you forward.

At the Wealth Hacker Conference on Nov 9th in Toronto, considering the line up of experts we have, I would expect all attendees to have more than one takeaway and one connection made.  If you’re looking to start or build a business, you need to be here. If you want to level up your real estate investing or buy your first investment, you need to be here. If you want to learn how to hack stock investing buy selling options to make six figures in 30 minutes per day, you need to be at the Wealth Hacker Conference.

Even all you haters out there. LOL.

www.wealthhacker.ca

As a listener of this show I have a discount code for you for 10% off. Code is thetruth – that’s it. One word. Do note, prices are going up immediately following labour day weekend and we are almost sold out of the coveted VIP tickets that include a meet and greet with Grant Cardone.

Speaking of Grant, here he is speaking of one of the truths about money..

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto) on Aug 14, 2019 at 12:17pm PDT

On to this week’s guest!

Just wow, my mind is blown. I was introduced to Ryan Poole, Founder of Real Trade, after I posted on Facebook in search of an expert on BlockChain and real estate. And what do you know, Ryan’s Major Goal: To combine blockchain technology with real estate to revolutionize the real estate industry for the better. He’s rolling it out in phases, including a globalized version of the MLS using Blockchain technology, and a later phase for a Blockchain based currency called The Real to buy and sell real estate, including fractional ownership of real estate. I’m probably not explaining it right, so listen closely to how Ryan explains it.

This is a very fascinating conversation, I promise you.  Ryan is also a friend to Canadians, as he helps Canadians buy real estate in Florida. We even chat about the best places for a vacation home, and how to finance it as I know you big time listeners can afford vacation property either now or in the near future. 🙂

To follow Ryan:

Real Trade (start by reading the one pager): http://realtrade.io/
Linkedin: linkedin.com/in/ryan-poole-0b50b9162
FB https://www.facebook.com/RyanPooleFCL/
If you’re interested in Florida Real Estate: https://rsiasset.com/team/ryan-poole/

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Till next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing.

Happy birthday to my partner in business and life Cherry Chan!! She’s a Super Woman in how she raises our kids, keeps me and my businesses in order and has her own thriving practice.

Quick funny story about Cherry: While she was still working in the corporate world, we were dating then, and she would surf the MLS at work when bored (which was often) looking for investment properties, but she only owned her own home. After getting to know my business, we discussed investing in a student rental near Brock University in St. Catharines. My credit wasn’t great at the time as I was a new agent, so the house would be in Cherry’s name.

I called Cherry while she was at work after I found a house in my target location, next to the only major mall in St. Catharines that doubles as a major public transit hub. I gave some vague details about the property to Cherry over the phone and we wrote the offer. We paid the owner exactly her asking as she was already discussing listing the house with a Realtor. The location and condition was A++ and any investor would want the same house because the annual rent would be over 1% of the after-renovation value.

Cherry didn’t see the house until after we took possession and was happy with our purchase. A year later we were reminiscing about how Cherry joint ventured on a property without even seeing it, with her boyfriend she only knew less than a year, but she wasn’t concerned at all. Her contingency was that if things didn’t work out between us… she technically owned the house 🤣.

That was seven years ago. There were bumps. That basement flooded, a student snowboarded off the roof (he was on ODSP nonetheless), but otherwise it’s been an excellent investment having doubled in value and the rents have gone up and there’s been zero vacancy the whole time.

Happy birthday again to my wealth hacker wife, to infinity and beyond. Together. 😘🥰😍

On the subject of real estate…

A kind gentleman who left a 5 star review on itunes asked me this: “My commute is 2 hours and I am taking courses to become a licensed real estate professional, what audio books would you recommend?”

My two cents: “If you’re not first, you’re last” by Grant Cardone. The very same book, forms the teachings presented in part of Cardone University that he sells for a lot of money, hence there is a lot of value in the book.  I generally find we can all improve our sales skills. Sales is not what most think. The vast majority of sales people don’t take the profession as seriously as folks like yourselves do.  

No different than how the amateur invests in real estate vs. how a professional does. If you’ve ever been a secret shopper as a tenant viewing properties for rent or for sale vs. toured our clients’ properties, you would see a big difference. Professionals invest more in their properties to attract the best tenants who pay the best rents knowing tenants all want clean and safe.  Investing more includes time and effort in marketing and screening tenants. If you read about tenant nightmare stories in the news, you’ll note the landlords never ran credit checks or a Naborly report on the prospective tenant.

You all know the hoops we must jump through to get a mortgage. It would be advisable to screen tenants similarly, as a bad tenant is a very expensive mistake when you are trusting them with a half a million dollar asset.

If you’re looking to get started in becoming a wealth hacker, someone on the most efficient path to building wealth, let us know.  We offer property tours in each of the top towns around the GTA which upcoming tours in Collingwood.

We have the Wealth Hacker conference on Nov 9th, a master class on the most efficient paths to success in small business, real estate and stock options.  Go to www.wealthhacker.ca for details, discount code: iamawealthhacker 

For those who are very serious about their success, we have my membership group called iWIN, short for the Infinity Wealth Investment Network.  We are a close knit group that meets monthly to share best practices on investing in real estate, staying up on the latest strategies. We meet up quarterly for a mastermind, iWIN style. We do something fun together then we mastermind over a meal. So far this summer we did a Niagara Wine Tour on bike and a separate event on powerboats on a lake up north.  Both were followed by lunch and everyone had an amazing time networking with like minded people and coming away with actionable advice. For details, go to www.infinitywealth.ca 

Ex Financial Planner Now Multifamily Investing East of Toronto, Off Market Deals, Cap Rates and JV Structures with Sarah Coupland

On to this week’s guest, my friend, who is a member of my mastermind group, Sarah Coupland of Tag Properties (www.tagproperties.ca) 

Sarah is a successful, multifamily real estate investor and one of the nicest people you will ever meet. In this interview, she took our virtual meeting from her cottage, afforded to her by her real estate businesses.

Sarah invests mostly where she lives, in Cobourg, Ontario where she owns several small multifamily properties. Sarah shares how she got started and how her boyfriend, now husband, had to help her renovate her house if he wanted to see her (yay free labour!). She shares how she sources properties off market, often buying the properties no one else wants. For the best value-add strategies, some crazy stories of police raiding one of her rental properties, her cap rates and how she structures the financials for joint venture partners – have a listen!

To follow Sarah:

Website: www.tagproperties.ca
Instagram: https://www.instagram.com/couplandsarah
Sarah in CREW Magazine: https://www.canadianrealestatemagazine.ca/features/something-from-nothing-232912.aspx

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Till next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing.

You may already know this about me, I’m not the most eloquent or well spoken person. It’s always hard for me to explain what it is I do.

Then yesterday, a gentleman messaged me and told me his story how his family is in debt from his wife losing her job when she was pregnant with their son and how he’s on a mission to learn about investing in real estate. 

His question is, how does he come up with a downpayment for an investment property? 

To many of you, this is a no brainer. Almost everyone I know I using a home equity line of credit, or they’ve refinanced their home for their first down payment or more. After they ran out of equity in their homes for down payments, they either went the joint venture route, partnering with friends or family. Or they waited for the market to do its thing, tenants to pay down mortgages and, voila, more equity to refinance for more down payments and more investment properties.

If this is not an option for you, then invest in yourself and look for opportunities in your current employment to add value. For me personally, I studied sales because that is the easiest way to create value. If you are revenue generating in your business, you are invaluable. Same if you save your company money or you can raise money, hence why you see many company CFO’s as the 2nd highest paid. What also happens is the company’s top sales people make more money than the president does.

In my last job, my boss was a workaholic and a genius, so no way I could fill her shoes. I focused on Sales training and investing in real estate when I was not working my day job. 

On to my unwanted tenant… No, not the one who vandalized my AirBnb house before it became an AirBnb – but skunks!

Yes, the black furred rodents with the white stripe down their back.

My nanny alerted me to seeing five of them in our backyard. They were likely attracted to my vegetable garden and kick ass sweet peppers. I sprinted to the backyard only to see a tail disappear under my shed. I’ve been documenting what I call, Skunk vs DIY Skunk removal. Thank you to all who have sent me home remedies. So far I have filled the space under my shed with water. I have played for the skunks “Old Macdonald Had a Farm” on loop with my old iPhone to annoy the crap out of them, because I know it works on me when taking the kids on road trips. I’ve dusted the area at the opening of their hole with flour to track if they are in there or not, then it immediately rained.

I’ve even gone on to mark the territory, but didn’t record that video.

View this post on Instagram

A post shared by Erwin Szeto (@erwinszeto) on Jul 17, 2019 at 6:20pm PDT

Anyways, the video is all there on my instagram @erwinszeto for you to laugh at me.

Yes, I know I should just hire a pest relocation professional, and I would for any of my tenants, but this is my home and as of right now it gets the least $$ allocated to it because it’s not an asset! It’s a liability!! All you fellow, wealth hacking, frugal investors know what I’m talking about.

Haste & Hustle: Making Entrepreneurship Accessible Via Events and Living Like a Rock Star w/ Shauna Arnott

On to this week’s guest!!

She is not a real estate investor yet, but she really wants to be, so please don’t hate on her or my podcast. She has many dynamo investors as best friends, such as guests of this show Ian Szabo and Dion Beg, and maybe one day guest Brian Scrone, who is a what I call a centurian investor, having owned over 100 investment properties in Florida.  

Why I brought Shauna on this show is because she is one of the most fascinating people I’ve ever met. It is my belief that life is all about experiences, and Shauna at whatever her age she is, has 10X the life experiences of most.

One week she’s having lunch and planning a women’s conference with the Dutchess of York, the next week she flies to California for a meeting and charity concert with Maclemore, then it’s off to India for another major event planning session. Shauna has hosted Gary V in front of 3,000 in Toronto, she’s hosting Sir Richard Branson in the next 12 months, and expanding her events to Californation. But even more crazy, Shauna is going to 10X as she plans my event to host Grant Cardone! 🙂

Funny enough, we investors all hustle and grind so we may one day travel more. Shauna’s Haste and Hustle is so she can one day afford a down payment on an investment property and here is her story.

To follow up Shauna:

Website: https://www.hasteandhustle.com/
Instagram: https://www.instagram.com/hasteandhustle
Facebook:  https://www.facebook.com/groups/hasteandhustlers/

Do you have questions on wealth hacking? The shortest path to financial success or questions on investing in: houses, basement suites, coach houses, syndicated mortgages, private equities, public equities, sandwich leases, lease to own, student rentals, AirBnb, wholesaling, off market deals, house construction.  I’ll admit when I don’t know and will dial a friend for an answer.  

If you have a question, we don’t have any fancy means to receive questions so if you enjoy the show and want to leave a five star review on iTunes, your question will definitely make its way to me and I’ll answer your question on a future episode of this podcast.

I’m also grateful for all your positive comments and fans of this show. It is my view that life would be a bit better for everyone if we all could make and save a bit more money at the end of the month and if you make a lot more then your family and community would benefit even more and nothing would make me happier.  Till next time, my name is Erwin and I am a wealth hacker bringing you the truth about real estate investing for Canadians.

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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

Happy Canada Day and hope you had a great long weekend as the summer kicks off!!

Are your summer BBQ’s like mine? We had a bunch of friends and family over Sunday and Monday and the conversation was about the Leafs, Raptors, and of course real estate, but it wasn’t initiated by me!! It seems more and more real estate is becoming a more and more popular asset class. Note these are friends and family, not from my real estate world, but what surprised me was how bullish everyone was thinking. The worst from the spring of 2017 Housing Fairness Plan correction is past us and my friends and family are all looking to increase their real estate for either where they live or for investment.

View this post on Instagram

Scenes from our backyard combo birthday for our youngest and Canada Day. I can’t wait for my retirement to just do this all the time and I selfishly want everyone else to retire fast and rich so we can all hang out and do awesome stuff together.

A post shared by Erwin Szeto 🤓Wiki Of R.E.I. (@erwinszeto) on Jul 2, 2019 at 1:36pm PDT

I’m hoping it’s the right decision. My wife and I are having one ugly property renovated and we recently had one of our existing rental houses switch to AirBnb. I’ll detail some of our own investing in a separate episode, or else this one will be a really long one.

On a sad note, as the child of Chinese immigrants from Hong Kong, the civil unrest and protests back home are the worst it’s been from my recollection. Yet another reminder how grateful my family is to live in the greatest country in the world. Canada is not perfect by any means, but look at our freedoms, low crime, opportunity, clean environment and quality education system. It’s good to call this place home and to own property here. Is it any surprise Canada remains a top destination for immigration?? Immigration to Canada looks to stay strong. If you have developer friends like I do, developing is getting more restrictive and more expensive, which puts upward pressure on housing prices.

Owning property or more appropriately, positive cash flow income properties whichever way your prefer: Airbnb, basement suited houses, apartment buildings, developing land, student rentals.  It’s all great and area dependent. For the Wealth Hacker, I can’t recommend enough that you learn about each strategy to have the skills and knowledge to make a decision. For example, one investor I know switched up his strategy from student rental to AirBnb back to student rental as the service levels required for AirBnb proved to be too much for this investor.  

Wealth Hacking update on my part, I am committed to learn how to sell stock options. I’ve ignored my friend Omar Khan for too long, who’s been encouraging me to learn and implement the strategy he’s used for over ten years to earn himself six figures selling stock options on blue chip stocks that pay dividends. This isn’t a get rich quick thing and Omar is going to show me how, after he’s already taught over 50 of his friends how to, including my electrician. Omar and I have the same electrician, he re-wired the upstairs of my house that I’m AirBnb’ing. Our electrician has made around six figures in the last 18 months using this little known strategy. There are books on this strategy e.g. “Get Rich With Options” by Lee Lowell, but no different than any subject you plan on mastering, some hands on learning with ongoing coaching from an expert goes a long way.

Omar is our keynote speaker at our next iWIN members’ meeting as a warm up for the big stage at iWIN’s Wealth Hacker Conference on Nov 9th, for which you can get your tickets at wealthhacker.ca.  This is an all day event bringing together all the greatest wealth hackers I know who have taken the shortest path to financial success: investing in real estate with other people’s money for 100+ properties, Airbnb, stock options with Omar, making money like the bank, start a small business from zero to $100,000 and from $100,000 to $500,000.

Everything I’ve learned on my entrepreneurial and investor journey, the best subject matter experts, the best lessons from my own investing and business building. We are bringing you all my bests for one day, November 9th, including the most in demand business trainer in the world in Grant Cardone in Toronto. The networking alone is worth the price of admission. My friend Susan White did multiple joint venture real estate deals from people she met in the VIP at a similar event. It was an event similar to the Wealth Hacker Conference that was the catalyst for myself to go from amateur to professional Wealth Hacker. This will arm you with the tools to take a shorter and faster path to financial freedom. Tickets at WealthHacker.ca 

7-8 Figure Commercial Developments with Shane Melanson

On to this week’s guest!

For those with sights on bigger projects, Shane Melanson does exactly that! Shane started like many investors do with single family homes, did a few flips, progressed to commercial real estate including trailer parks, developing industrial condos, and retail plazas.

Other than tackling these very large and complex 7-8 figure projects, we discuss Shane’s path to becoming a commercial expert. He’s here to share what triggered his investing, his career path before his first commercial investment, and the mentorship he received along the way. 

Also fascinating is how Shane structures joint venture investments with these large-scale, capital-intensive projects and % splits via general partner and limited partnerships. Have a listen!

To connect with Shane:

Website: http://shanemelanson.com
Podcast (iTunes): https://podcasts.apple.com/us/podcast/the-investing-advantage-podcast/id1465519313
Stitcher: https://www.stitcher.com/podcast/shane-melanson/the-investing-advantage?refid=asa
Shane’s book: https://www.clubsyndication.com/book1

If you enjoyed the show and would like to learn more about investing in real estate then you do not want to miss my Top 10 Tips On Real Estate. It’s FREE to Download!!

I’ve interviewed many of the leading authorities in real estate, including Best Selling Authors like Julie Broad, Don R Campbell, Russell Westcott, and Tom Karadza. My super star investors include folks who acquire two properties per month or have transacted on over 100 properties. I have learned a thing or two in my own investing and distilled it down to 10, you-can-not-ignore, tips if you want to be a successful investor.

To download the report go to www.truthaboutrealestateinvesting.ca/book

Sponsored by:

TitanInvestmentRealEstate.com – 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 admin@mrhamilton.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, Toronto, Land Development, soon to be builder and Real Estate Investor

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