If you’ve never been to Phoenix, Arizona, specifically Sedona, please add it to your bucket list.  Actually, if you’re a US real estate investor, I’d prioritize Phoenix for sooner than later.  I just returned from six days in Arizona which was beautiful, the vibe awesome, views, food, I love Mexican by the way, opportunity, sunshine everyday was the perfect way to break up the winter.

Greetings real estate investors, my name is Erwin Szeto, Canadian real estate investor, entrepreneur, author, podcaster, four time award winning Realtor to investors in Ontario who advises friends, family and clients to not invest in Ontario. My guest today, the super awesome Quentin D’Souza who owns hundreds of apartment building doors east of Toronto is still buying and he makes lots of money and that’s the truth about real estate investing for Canadians, there are lots of ways to make money in real estate.

Speaking of, in meeting, networking with Americans in Atlanta, Austin, now most recently Phoenix, I’m finding they generally have significantly bigger businesses and a high incidence of successful entrepreneurs.  I also met a real estate investor in Phoenix, who happens to be Canadian but invested in Phoenix who I believe to be the most successful real estate investor of my generation.

Add to that, there is tax deferral in the US called section 721.  I’ll explain with an example and never forget, I’m not an Accountant, please seek professional advice and verify anything I or my guests ever say.  Back to the example, if you owned a piece of real estate and the buyer, a REIT in this example is structure properly, you could sell your real estate to the REIT in exchange for shares and tax the capital gains until you sell the shares.  If you sold to a good REIT, you can earn dividends and sell shares as you need the money and spread out the tax.

Then when I die, I can gift my shares to my kids and defer taxes till they sell vs. you’d have to pay tax in Canada.

The opportunity is better in America and the tax deferrals available to investors makes building generational wealth easier.

Did I mention the weather is better in the winter too?

To answer a FAQ if I’m moving to the USA. No, no plans for my family and I to physically move in the short or medium term and who knows what the long-term future holds.  Our family’s investment portfolio?  If the objective is to make real estate investing profitable again, we’re only growing our portfolio in the US and shrinking our Canadian portfolio to do so.

From School Teacher to Real Estate Chief Education Officer & 580 Doors With Quentin D’Souza

On to this week’s show! We have my old friend Quentin D’Souza returning to the show at my request as I need a trustworthy real estate expert to share with you the listener about the multi family market who’s not going to sugar coat how tough the last few years have been and what and where the opportunity is going forward.

Quentin is going to share his journey, how he does hard things and involves his family to lead his best, most successful life possible.

Quentin is founder, Chief Education Officer of Durham Real Estate Investors, a private membership group of many excellent real estate investors and professionals.  If you’re in the GTA area, make sure to check out a Durham REI event, they meet monthly in Whtiby and you can learn more about them at https://durhamrei.com/

Quentin has authored several books I highly recommend on the BRRRR strategy, finding deals, scaling up, filling vacancies, property management. You can search Quentin D’Souza on Amazon or go to his website quentindsouza.com

Needless to say, please have a pen and paper ready to take notes and enjoy the show.

To Listen:

HELP US OUT!

BEFORE YOU GO…

Before you go, if you’re interested in what kind of properties I am looking at in the landlord friendly states of the USA please go to iwin.sharesfr.com for what I consider the best investment for most Canadians, most of the time.

I’ve been investing in Ontario since 2005 and while it’s been a great, great run. I started out buying properties in the 100,000s and now it’s $800,000 to $1,000,000.  How much higher can it go? I don’t know

To me, the remaining potential for appreciation does not match the risk hence I’m advising my clients to look to where one can find rental properties that are affordable range of $150,000 to $350,000 US$, with rents that range from $1,400 to 2,600/month plus utilities.   As many Canadians recognize, these numbers will be positive cash flow and are night and day compared to anything locally. Plus the landlord has all of the rights, no rent control, and income is US dollars which are better than Canadian dollars.

If you don’t believe me, US dollars are better than Canadian dollars, go ask 100 non-Canadians which currency they prefer to be paid in.

So to regain control of your retirement planning.  Go to iwin.sharesfr.com and check out what great cash flow properties are available in the USA.  

The best part is, my US investments will be much more passive compared to by local investments as I’m hiring an asset manager called SHARE to hand hold me through the entire process.  As their client and shareholder, Share will source me quality income properties, help me with legal structure and taxes, they manage the property manager and insurance provider while passing down to me preferred rates so I save both time and money.  

Share will even tell me when to strategically refinance or sell.  SHARE can even support investors all over the country for proper diversification hence my plan is to own in Tennessee, Georgia, and Texas.  Share is like my joint venture partner but I only have to pay them fees while I keep 100% ownership and control.

If your goal in investing is to increase cash flow, I don’t know of a better strategy for most Canadians most of the time.  One last time that’s iwin.sharesfr.com to see what boring, cash flowing real estate investing can look like on your path towards financial peace.

This is how I’m going to make real estate investing great again for my family and hope you choose the same.  Till next time!

Sponsored by:

This episode is brought to you by me! We don’t have sponsors for this show. I only share with you services owned by my wife Cherry and me.  Real estate investing is a staple in my life and allowed me to build wealth and, more importantly, achieve financial peace about the future, knowing our retirement is taken care of and my kids will be able to afford a home when they grow up.  If you, too, are interested in my systematic strategy to implement the #1 investment strategy, the same one pretty much all my guests are doing themselves, then go visit www.infinitywealth.ca/events and register for our next event.

Till next time, just do it because I believe in you.

Erwin

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Disclaimer:

As a committed advocate for transparent and responsible real estate investment, I want to openly share my involvement with SHARE SFR (Single Family Rental) as an Advisor. I hold an equity position in this company and receive a referral commission for clients I introduce to their services. My endorsement of their business model – focusing on direct ownership of positive cash flow income properties – is consistent with my own personal investing since 2005, is based not only on a professional assessment but also on my personal experience and belief in their approach. Please note that while I stand behind my recommendations, it is crucial for each individual to conduct their own due diligence and consider their unique circumstances before making any investment decisions. As always, my priority is to provide you with honest, insightful, and practical real estate investment education.