Buying The First of Three Properties in 2017

/0 Comments/in /by

This week, we’re doing something different, we do not have a guest but instead you’re stuck with me!  My plan is to buy three houses this year and we just locked up the first of three and I’d like to detail for you the lead up to the purchase, how the purchase went, and where we are going with it.  If the listeners enjoy this episode, I’ll make a series of updates on how I invest.

Just to let you know, we have a new website where we will be posting all new and old podcast episodes, show notes, contact info for our guests. The website is www.truthaboutrealestateinvesting.ca. Going forward, all our other websites will forward you to this website for simplicity.  If you’re a newer listener, I highly recommend you go back and listen to previous guests for lessons on investing and stories of inspiration.  Till next time, my name is Erwin Szeto, thank you for listening and happy real estate investing.

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

If you would like to hear more about my back story, you can listen to Russell Westcott’s interview of me here: http://blog.reincanada.com/transitioning-into-full-time-real-estate

Announcing the Halton Real Estate Investors Club (coming soon: HaltonREI.ca)

If you’re from the Toronto area, especially west of the city and are interested in learning more about investing in real estate, I am happy to announce that coming soon is the Halton real estate investors club this September 2017. This will be the best place to rub elbows with successful real estate investors that can help you.  I know more self made millionaires through real estate than any other job or asset class so you’ll want to be part of the club. As the saying goes, birds of a feather flock together. The Halton REI will be hosted by yours truly, Erwin aka “Mr. Hamilton” Szeto. I have been hosting networking meetings for over three years and we’re simply growing and making our wonderful group open to more investors so we may help more people. As always, we will host a guest speaker or two, provide economic updates and market updates on income property prices and rents, mortgage updates, lessons from the streets so you may learn tactics and strategies you can apply tomorrow to your own portfolio.

 

Who should attend? Anyone interested in learning more about investing in real estate

Why should you attend? If you’re like anyone I know you want to retire early, retire your wife or husband, pay for your kids University, support your favourite charities, the list goes on and on.

 

So stay tuned, I’ll update you all once we have complete details.

Massive Cash Flow in Small Town Investing with Elizabeth Kelly

/0 Comments/in /by

This week we have an exceptional guest in Elizabeth Kelly, who has been investing for over 12 years and has built a large portfolio of buy, rent and hold investment properties with her husband. She co-founded a property management company based in Kirkland Lake, Ontario. Elizabeth also runs a boutique Rent to Own company, which specializes in providing home ownership options for families.

On the business side, Elizabeth coaches and trains investors, and has done so for the last five years. While doing so she noticed a service gap in the mortgage industry for real estate investors, hence she obtained her mortgage license to specialize in helping investors plan, structure and creatively finance their real estate portfolio so they can enjoy their retirement and leave a legacy for their families.

To reach out and connect with Elizabeth:

Facebook: https://www.facebook.com/SandstoneKL/, https://www.facebook.com/Rent2HomeCanada/

http://www.rent2home.ca/contact

http://www.kirklandlakeapartments.ca/

LinkedIn: https://www.linkedin.com/in/elizabeth-kelly-549b6b1b/

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

How to Increase Cash Flow with Basement Apartments with Andy Tran

/0 Comments/in /by

Welcome ladies and gentlemen investors across the greatest country in the world. This is the Truth About Real Estate Investing show for Canadians, where it is my job to bring you experts in the world of investing to learn their expertise and experience. In our interviews, we will flush out their out their strategies and lessons so we may listen and takeaway highly tactical tips and ideas to improve our investment portfolios.

We’ve had guests in the past from the other side of the country. Don Campbell, who resides in British Columbia, Pierre Paul Turgeon, who’s from Alberta. This week our guest, Andy Tran, is on the other side of the world in Japan, visiting his wife’s family. I’ve been friends with Andy since 2009, when we met at a mutual friend’s birthday and ran into each other again at REIN. Andy was one of my first clients, as I helped him purchase investment properties in Hamilton back in 2010, but now the tables have turned as I have hired Andy to prepare my investment property for a legal basement suite conversion. As always, I believe in hiring the best to work on my business and it just so happens that Andy is a leading expert in accessory apartments in the golden horseshoe of Ontario. Andy is guiding me and my property through the city’s permit process including building code, certified drawings, working with the city’s planners and inspectors etc… stuff that I neither enjoy nor have time for.

Andy is a former home inspector and former Manager of Education for Carson Dunlop, a well-known home inspection company in Toronto that produces half of the education material for home inspectors. He’s the Author of book “Legal 2nd Suites – A Beginners Guide.” Andy is a regular guest speaker at different real estate networking events and an all-around nice guy so without further do, I present to you Andy Tran.

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

Erwin’s preferred cheap headphones with mic: https://www.amazon.ca/dp/B00HVVONP4/ref=cfb_at_prodpg

Andy’s website http://www.suiteadditions.com/#home-section

You can download Andy’s book here: http://www.suiteadditions.com/start-here/

And contact Andy here: http://www.suiteadditions.com/contact/

How to Graduate to Apartment Building Investing with Pierre Paul Turgeon

/0 Comments/in /by

Welcome ladies and gentlemen across the greatest country in the world, this is the Truth About Real Estate Investing show for Canadians, where it is my job to bring you experts in the world of investing so we may learn from their experience in hopes that we can duplicate their success, and inspire YOU to take action for a better financial future for yourself and those closest to you.

This week we welcome one of the greatest teachers of apartment building investing. Returning to the show is former lawyer, former CMHC analyst for default management and underwriter for multi-family properties, Pierre Paul Turgeon.  Pierre Paul is one of the foremost experts in this area as an author, high in demand speaker at the Real Estate Investment Network and this past month at Rock Star’s Your Life, Your Terms event.

He’s back to give you an update on oil, Edmonton, Alberta, and why apartment building investment makes sense for any portfolio. If you feel you need more preparation before purchasing a building, Pierre Paul just so happens to be launching both an online course and a live, in person, hands on training class coming up later this year right in Hamilton, Ontario and he’ll be making the announcement on the show. Links and details are in the show notes.

So without further ado, I am pleased to announce Pierre Paul Turgeon.

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

To register for the class: http://www.multifamilyinvestingcanada.com/mrhamilton

Live Workshops

Canada’s ONLY Live Experiential Multifamily Investing Training Program.

Experience every step of a Multifamily deal, from research to financing, with worked examples and a team of experts to walk you through it.

2 and a half days workshop

Hands on experience

Learn from Multifamily experts

Work through REAL MF deals

Next Workshops:

Edmonton, AB – May 26th-28th 2017

Hamilton, ON – Sept. 15th-17th 2017

To register for the class: http://www.multifamilyinvestingcanada.com/mrhamilton

This episode is brought to you by Rock Star Real Estate’s Free 90-Minute Training Class where you can Learn The #1 Real Estate Investing Strategy That Has Created Millions In Cash Flow For Canadian Investors Without Touching A Hammer.

What will you learn at the upcoming free class?

I’ve been part of Rock Star since 2010 and you will be learning the #1 strategy we have implemented in Hamilton, St Catharines & Niagara Region to transact on hundreds of investment properties, producing several millionaire clients.  The strategy works so well, our clients’ success has been noticed, resulting in our real estate team being awarded real estate agent of the year in 2015, 2016, and 2017, by multiple publications.

So don’t delay, please to go www.rockstarinnercircle.com/erwin, there are only a few seats left and there is always a waiting list.

This episode is brought to you by Invest in St. Catharines Inner Circle Meeting. Years ago, when I was a dewy eyed, novice investor, I sought out meet ups and “Mastermind” meetings for networking opportunities. At the time I was already a REIN member and had our first three properties, which made me the expert of the group. I felt like no expert, the meetings were unstructured and most folks were just tire kickers. It was a massive waste of time. I wanted to surround myself with action-takers. Fast forward to today, we host monthly Inner Circle Meetings meant for the serious investor who is serious about taking action in securing a better financial future for themselves and the people they care about. Our focus is on education, on everything an investor needs to be successful and everything I’ve come across to be an award winning real estate agent and investor.

Each and every meeting has a wait list so don’t delay and register today for our Inner Circle Meeting. Immediately following each meeting is an optional, highly recommended Street Smart Tour where you are guided by one of our highly successful investor coaches. They lead a tour of properties in a select top town for investments. Nothing replaces boots on the ground experience, and sometimes we get lucky and uncover a gem of a property. There is no pressure to buy anything EVER!! But we will recommend to you what we would buy for ourselves.

Buy Apartment Building, Fix, Rent, Ski, Repeat

/0 Comments/in /by

Kevin started investing in 2007 with a vacant, run down six-plex that he purchased with no money down. Now a full time investor, Kevin continues to fix up and rent multi-family properties, as well as flipping single family homes. If you know Kevin, you’ll know he has a passion for learning and sharing knowledge, hence he decided to start LifeStyle Housing Radio, a weekly radio show and podcast for real estate investors. That’s not all! Kevin, being from Thunder Bay, hasn’t always been able to attend all the great real estate events in the GTA, so he started the LifeStyle Housing Summit to make great real estate education available to everyone – no matter where they live. When he’s not working on a property, Kevin is skiing and coaching at the local ski resort and for the Lakehead varsity ski team.

In case you haven’t heard Kevin’s LifeStyle Housing Radio show, I’m going to play for you Kevin’s very original radio show introduction. Without further ado, I give you: Kevin Bunzeluk.

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

Kevin created a special offer for listeners of my show!

When you sign up at http://lifestylehousingsummit.com/offer/ you will get:
– Kevin’s ebook, ‘The Ultimate Tenant Screening Guide’
– A few of the presentations from the life style housing summit
– 20% off the LifeStyle Housing Summit all access pass

This episode is brought to you by Rock Star Real Estate’s Free 90-Minute Training Class where you can Learn The #1 Real Estate Investing Strategy That Has Created Millions In Cash Flow For Canadian Investors Without Touching A Hammer.

What will you learn at the upcoming free class?

I’ve been part of Rock Star since 2010 and you will be learning the #1 strategy we have implemented in Hamilton, St Catharines & Niagara Region to transact on hundreds of investment properties, producing several millionaire clients.  The strategy works so well, our clients’ success has been noticed, resulting in our real estate team being award real estate agent of the year in 2015, 2016, and 2017, by multiple publications.

So don’t delay, please to go www.rockstarinnercircle.com/erwin, there are only a few seats left and there is always a waiting list.

This episode is brought to you by Invest in St. Catharines Inner Circle Meeting.  Years ago, when I was a dewy eyed, novice investor, I sought out meet ups and “Mastermind” meetings for networking opportunities. At the time I was already a REIN member and had our first three properties, which made me the expert of the group. I felt like no expert, the meetings were unstructured and most folks were just tire kickers. It was a massive waste of time. I wanted to surround myself with action-takers. Fast forward to today, we host monthly Inner Circle Meetings meant for the serious investor who is serious about taking action in securing a better financial future for themselves and the people they care about. Our focus is on education, on everything an investor needs to be successful and everything I’ve come across to be an award winning real estate agent and investor.

Each and every meeting has a wait list so don’t delay and register today for Invest in St. Catharines Inner Circle Meeting. Immediately following each meeting is an optional, highly recommended Street Smart Tour where you are guided by one of our highly successful investor coaches lead a tour of properties in a select top town for investments. Nothing replaces boots on the ground experience, and sometimes we get lucky and uncover a gem of a property. There is no pressure to buy anything EVER!! But we will recommend to you what we would buy for ourselves.

How a New Investor Acquired Five Duplexes in Six Months

/0 Comments/in /by

Hello ladies and gentlemen investors from across Canada, welcome to another episode of the truth about real estate investing, where it is my pleasure to bring to you investor stories to educate, inspire and maybe even entertain. This week we have a guest referred by a friend of the show in Amy Halpenny. She’s new to real estate investing, but she shot out of a cannon. She acquired five properties in just over six months in Collingwood and the Durham Region, converting each of them to add secondary suites, for a total of ten units.

On-the-job Amy combines strategic ‘big picture’ thinking with well-honed management skills, operational know-how, and a relentless persistence to “get ‘er done.”

Before getting into real estate, Amy worked in small business and start-ups for over 15 years in strategy, sales, marketing and operations.

In this interview we talk about Amy’s reasons for investing, the courses she took, and how they helped. She also discusses how her investing strategy will insulate her from market corrections.

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

Coaching recommended by Amy: https://durhamrei.com/coaching/

Breakthrough Coaching and Living your Purpose

/0 Comments/in /by

Hello ladies and gentlemen investors from across Canada! This week we have a special guest, Oliver Manalese. I’ve known Oliver for many years, dating back to my first year at REIN in 2008. However, he no longer invests in real estate. Just to confirm, you are indeed listening to the Truth About Real Estate Investing show and one of the truths of the investment business is it’s not for everyone. In Oliver’s case, he built a successful business, made a bunch of money doing so, and later decided to change directions.

Since 2012, Oliver Manalese is a Breakthrough Coach. He coaches, consults and trains creative leaders in a process of Aligned Reinvention. Through breakthrough insights, intuitive guidance, and transformational tools, his clients create lives and businesses that reflect their deepest purpose on this planet.

His work is based in Ontology. Simply put, he looks at the different ways we are being and how it determines our reality of what is possible and not possible. In today’s culture of hustle, overwork, and never enough, being is the key component that’s missing. Returning to being is what translates into a greater sense of presence, flow, and trust in the unfolding of our unique process.

In this episode we talk about a variety of topics: how rent-to-own works, how Oliver raised capital as a 22 year old with limited start up capital, how real estate taught him about entrepreneurship, the importance of personal development and growth. He was so good at the business, other investors sought out Oliver to hire him to be their investing coach.  This led to Oliver’s aha moment of wanting to help people in a more fulfilling way as the full time break through coach that he is today.  Apparently, it’s working as for both personal or professional projects, Oliver’s clients report having a greater sense of inner peace, satisfaction, confidence, joy, and abundance.

So, without further ado, I introduce to you, Oliver Manalese

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

Oliver is also host of The Oliver Manalese Show, a podcast that dives into the breakdowns and breakthroughs of influential people. Guests include accomplished entrepreneurs, coaches, and authors who vulnerably share their genuine challenges and the insights that empowered them to breakthrough.

For more information and complimentary sessions visit: http://www.olivermanalese.com/

Connect with Oliver on Facebook: http://www.facebook.com/OliverManalese

Oliver’s podcast: http://www.olivermanalese.com/show

Real Estate Investment Network: reincanada.com

Think and Grow Rich by Napoleon Hill: https://www.amazon.ca/Think-Grow-Rich-Million-Dollars/dp/0449214923/ref=sr_1_1?s=books&ie=UTF8&qid=1492093250&sr=1-1&keywords=think+and+grow+rich

Psycho-Cybernetics by Maxwell Maltz: https://www.amazon.ca/Psycho-Cybernetics-Updated-Expanded-Maxwell-Maltz-ebook/dp/B00SI02BW4/ref=sr_1_1?s=books&ie=UTF8&qid=1492093294&sr=1-1&keywords=maxwell+maltz

Last Word on Power by Tracy Gross

https://www.amazon.ca/Last-Word-Power-Tracy-Goss/dp/038547492X/ref=sr_1_1?s=books&ie=UTF8&qid=1492093380&sr=1-1&keywords=Last+word+on+power

War of Art by Steven Pressfield

https://www.amazon.ca/War-Art-Through-Creative-Battles/dp/1936891026/ref=sr_1_1?s=books&ie=UTF8&qid=1492093420&sr=1-1&keywords=war+of+art+by+steven+pressfield

The Way of the Superior Man by David Deida

https://www.amazon.ca/Way-Superior-Man-Spiritual-Challenges/dp/1591792576/ref=sr_1_1?s=books&ie=UTF8&qid=1492093507&sr=1-1&keywords=the+way+of+the+superior+man

Interview with Don R Campbell – Part 2

/0 Comments/in /by

Welcome to another episode of the Truth About Real Estate Investing, where it is my job to bring you lessons from the streets, education on all things real estate investing, inspiration, and maybe some entertainment.

This week we have a very special guest, a multiple time best selling author, the best selling Canadian real estate author in history – but he doesn’t just write! He knows what he’s talking about. Don is a veteran investor, a teacher, a philanthropist, market analyst, and in his free time, Don pursues his passion which is organic farming – and not just plants, livestock too.

Don has spoken to tens of thousands of people on stages all over North America, Australia, and Ireland, sharing his analysis, his strategies and his life philosophies. When the national media: CBC, BNN, CTV, Global News, Financial Post, Globe and Mail, Sun Media, etc… wants an unbiased comment on the real estate market, they go to Don in his role as Senior Analyst of the Real Estate Investment Network, a company that has provided detailed forecasts and analysis of housing markets across Canada for over 24 years.

Today, my goal is to build upon the interview we did 12 months ago (episode 2). I suggest you listen to it if you haven’t already. Today we dig more into economics, more specifically about the craziness going on in our major markets, what’s causing it, the one book we all need to read (and no, it wasn’t written by Don), and what it was like investing in the 80’s when interest rates were in the double digits and climbing. We also get deeper into Don’s story, to drag out some tips and strategies you may not have heard before. You’ll find this a fast-paced discussion, so I suggest you get your notepad ready. Without further ado, let me welcome Don Campbell to the podcast:

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

Going All In: Poker Player to Full Time Investor

/1 Comment/in /by

This week we have a special guest in Michal Wywrot, who started out investing in real estate at the age of 17 while going to school and playing Poker. He used the winnings to graduate university debt free. Mike traveled the world as a professional poker player on the top three world poker tours, having played in LA, Las Vegas, Croatia, and Monte Carlo. Michal and brother Luke’s investing is just as varied and spread out, having investing in new construction condos in Markham, nine student houses in Hamilton, flips and rent to owns in Brampton and Durham regions, an apartment building in Etobicoke, and finally, their current project, developing 30 units in Toronto.

Should you want to learn more about their business or join them in a future development opportunity, go to their website at www.lch.to

On Instagram: https://www.instagram.com/lch.to/

Facebook: https://www.facebook.com/lifestylecustomhomes.ca/

On the podcast, we talk about:

  • What Michal does to stay in shape and de-stress
  • The boom of online poker, risk analysis, exploiting early advantages
  • Reading opposing poker players and skill transfer when screening tenants
  • Michal’s investing career starting at age 17 with a new construction condo
  • Flipping a house in Etobicoke
  • Converting 3 units into six units near Humber College
  • Current project: 30 unit new development project and the challenges, including an unexpected $500,000 environmental cleanup

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

6 Years Part Time and $600k in Returns

/0 Comments/in /by

That’s right, a part time investor from Toronto investing in cash flowing, Hamilton real estate and improved his net worth by $600,000 in just six years. Gross rents of $8,000 per month and John’s personal efforts to generate those revenues is 30 minutes per week or 2 hours per month, therefore his hourly rate is $4,000/hour.

After over a decade of sitting on the sidelines and knowing real estate was an excellent asset class, John finally took the leap after meeting his real estate coach in Erwin Szeto (full disclosure, John is my client). John, son of Greek immigrants, being a rather smart guy who has his MBA and Chartered Professional Accountant designation, took the leap and purchased his first investment property, in April 2011, a single family, semi-detached for $240,000 which is now worth over $400,000 in today’s market.

John has a full time, management job in Toronto, recently married to lovely wife Freda, and they are expecting their first child. With busy life including teaching at Sheridan College, achieving a black belt in Karate, learning to play guitar and full-time career, John still managed to make investing in real estate a priority and invested in one additional property per year.

John is an avid stock investor within his RRSP account using his own and his company’s contributions and we had a great conversation around SELF DIRECTED, educated, conservative, stock investing as well.

Show notes:

Final thoughts, I couldn’t find my proper mic for in person interviews so please do turn up the volume as I sound quiet and I know for future episodes when I am serving/consuming wine, to remove the wine charms 😛

Podcast available here:

Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr

Download as an MP3 by right clicking here and choosing “save as”

This episode is brought to you by Rock Star’s Real Estate’s Free Training Class: rockstarinnercircle.com/erwin.  As always, I only ever recommend services, investments that I would invest in myself and I have attended this training class at least twice, I’ve been a consumer of Rock Star’s newsletters, events, VIP events, etc. since 2010 and highly recommend them. Recently, I’ve been recommending the Free Training class even more often as I’m finding many novice investors, even the highly educated ones with post graduate degrees (including my brother, Tony, who has a higher IQ than me and my cousin Simon, a professional engineer, who have both recently registered) would benefit from fundamental, real estate training for beginners.

The class is 90 minutes, it will teach you about opportunities in Ontario’s golden horse shoe to invest in. There is no charge, no commitment, and I recommend every investor and entrepreneur to take this class at least once.

To register, the link is rockstarinnercircle.com/erwin