From $80 Thousand to $1 Million Net Worth with 26 Year Old Joe Costanza

Hello friends, and welcome to another episode of Truth About Real Estate Investing Show for Canadians.

We are a show all about truth-seeking from leading investors who have demonstrated repeatable, systematic success.

To get the most from this show, one has to have an open mind and be interested in continuous learning.

For me, I’m currently reading Annie Duke’s “Thinking in Bets: Marking Smarter Decisions When You Don’t Have All The Facts”. Annie is a Poker champion with a Ph.D. in Psychology, and I’m really enjoying the book.

As an analytical thinker who despises risk and an admitted sufferer of analysis paralysis, I enjoy learning more about how humans think and make decisions.

For example, we’re all real estate investors here…

Most of the stars have aligned to make investing in real estate make a ton of sense for investment and, at a minimum, a hedge against inflation and housing affordability for our kids.

But talk and share as much about real estate as we do, the vast majority of the people we know do not invest as we do.

There are a million reasons not to invest; we all know them and a million more reasons to invest. At the end of the day, it’s one’s values and worldview that drive decisions, not just facts, figures, charts and data.

I know many people who say they won’t invest because of tenant risk, as in property damage and tenant-friendly laws and tribunal.

To the professional real estate investor, we screen diligently, provide a great product, and have the Landlord Credit Bureau to hold tenants accountable to their credit report for both good and bad.

Another common reason not to invest is to avoid debt.

What’s odd, though, is when I ask how their kids will pay for post-secondary education or professional school like doctor, dentist, lawyer etc., their expectation is for their child to take out loans…

This brings us to this week’s guest, 26 year old Joe Costanza.

When we first met Joe, he was 24 years old and had saved $80,000 from holding down multiple jobs at the same time since he was 16.

A month later, Joe had his first investment property.

Recently, Joe was complaining to me about how expensive properties are these days.

I then asked him to review for me what his net worth is today vs. what it was when we first met… From $80,000 to over $1,000,000 in just two years.

The results are astounding. If you don’t believe me, ask an entrepreneur with a start-up business. Or ask around 30 somethings if their net worth is over $1,000,000.

Add to that, parents who, while supportive in giving young Joseph food and a roof over his head but were not fans of Joe investing in real estate, having tenants and taking on debt.

This is Architect Joe’s story on how he went from $80,000 to $1,000,000.

Please enjoy the show!

We’re hiring!

Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.

This is for driven folks who want to multiply their current incomes.

APPLY HERE: https://www.infinitywealth.ca/hiring

To Listen:

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

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

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

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

Youtube: https://youtu.be/QyW1VfTMjcM

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

To Follow Architect Joe:

Instagram: https://www.instagram.com/josephcostanza/

Facebook: https://www.facebook.com/joseph.costanza.714

HELP US OUT!

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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.

From $80 Thousand to $1 Million Net Worth with 26 Year Old Joe Costanza