A quick update from these parts, unfortunately with the rising daily cases of COVID in Ontario and the ever increasing restrictions, we at the Hamilton Basket Brigade will not be able to throw our birthday style party for the kids and the families we are supporting.
I’ve regretfully had to inform both Superman and Wonder Woman their attendance will not be necessary.
The most impoverished families as identified by both the Hamilton public and catholic school boards however still do need our support hence we are delivering to them gift cards of $100 each per family member.
It’s not much but it’s what we can do and you better believe Cherry and I will continue tofocus on growing our wealth hacking: business, investing, and stock hacking so we may grow the funding of our charity.
We don’t just volunteer and raise money, for 2020, Cherry and I are the #1 donors and we’ll be looking to take over the #1 donor spot in history very shortly.
Shout out to Scott Dillingham and Matt Green for being amazing donors and for making us work for #1.
Practice makes perfect, right? Well no, according to my daughter, she taught us the other night, practice makes progress.
Practice makes perfect describes a finish line but all your wealth hackers know, there is no finish line. We strive to be 1% better each day or be better than the person we were yesterday, the week or month or year before.
If you don’t believe me, did you know Tiger Woods did a complete overhaul of his golf swing? After just a few months and winning one in every four tournaments including winning the Masters by 12 strokes, Tiger wasn’t happy and worked with his coach to create a new golf swing.
That would be the first of a couple times the greatest golfer and one of the greatest athletes of all time would decide his historical dominance of the sport was not enough. He could always improve.
It truly is fascinating to study the super successful. For example, I am asked quite regularly on the benefits of coaching. To continue with the Tiger Woods example, his first two coaches as a professional golfer are widely consider the #1 and #2 coaches in the sport.
Don’t worry folks, I’m not offering coaching. I take my work too personally and prefer more control or sometimes lack of control when it comes to my own golf game 😛
How To Cash Flow $400 Per Month With $10,000 to Invest With Joel Arndt
Anyways, this week’s guest is a returning interviewee, Joel Arndt.
When he was on last year, he out of the blue challenged me in my ability to make an investor successful so I had him ask me his questions on the podcast.
Some time has since passed and I thought it a good time to check in with Joel on his progress.
Full disclosure, Joel now works with Cherry and me in our businesses and like all employees of ours, we teach them to be Wealth Hackers. We don’t offer pensions but we’ll do our darndest to mentor them to be financially free.
Here is the conversation that came from a simple question when I asked Joel what he would do if he had $150,000 cash to invest.
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 at 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.
We just completed the long anticipated Stock Hacker Academy Live Introductory Course and it was awesome!
Stock Hacker Academy is the foundation that has helped Erwin, Cherry and many other Stock Hackers make thousands of $$ weekly and now they never have to worry about money again!
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/10/Joel-Ardnt.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-10-09 18:15:372021-07-19 17:47:16How To Cash Flow $400 Per Month With $10,000 to Invest With Joel Arndt
Today was my kids’ first kickboxing class and they loved it!
Kids in kickboxing? That’s crazy right?! Well, I am one of those neurotic fathers of a daddy’s girl so what do you expect?
And if you’ve ever watched any UFC then you know all pro fighters are trained in kickboxing and Brazillian Jiu Jitsu. Unfortunately our Brazillian Jiu Jitsu has remained closed during this pandemic, so it’s just kickboxing for now.
Next will be track as I’ve told my kids it’s actually best to run away and run away fast from a fight 😛
In all seriousness, I want to bully proof my kids, especially my daughter should she ever have to teach a boy their manners. As the saying goes, two black belts are better than one 🙂
Don’t worry though, we’re not letting the kids have all the fun… Our kickboxing gym is expanding so they’ll have adult class for Cherry and me to take while the kids have their classes.
I’ll need all the practice I can get to postpone that day where the kids can beat up their old man 😛
The Worst JV Divorce I’ve Ever Seen With Seth Ferguson
On to this week’s show, we have Seth Ferguson, a real estate TV Show Host, Podcast Host, author, soon to be second time author, apartment building investor and Stock Hacker.
I first met Seth a year ago when he invited me to his podcast, it’s one of my favourite interviews.
Not only is Seth a great producer and great dresser, he came prepared like none other for our interview.
I haven’t had much free time these days so when folks ask me out for a coffee wanting to know my story, I send them a link to this interview and they’ll learn a lot more about me this way vs. taking me for coffee.
After the interview, while Seth was packing up his kit we got chatting and he mentioned the potholes in his life he’s going to share about in just a moment.
You know me, I’m always wanting to help so I invited Seth to take the Stock Hacker Academy the next week, he did but hasn’t done much as these potholes have yet to release back to Seth his capital.
So, I invited Seth to our offices at the iWIN Hub for a tutorial and suggested if he wants to learn more he should take the all new 2.0 version of the Stock Hacker Academy and he signed up then and there. The alumni fee is nominal anyways and Seth loves to learn from the best as you’ll hear in this week’s interview.
Seth Ferguson has undergone THE WORST joint venture partnership divorce I’ve ever seen.
The only thing more astounding is how high Seth has rebounded in building his influence and real estate portfolio in apartment buildings in the US.
If you ever feel down, think of Seth and set your efforts and level of action higher. I give you Seth Ferguson
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 ourselves 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 at 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, there are some Realtors who 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.
We just completed the long anticipated Stock Hacker Academy Live Introductory Course and it was awesome!
Stock Hacker Academy is the foundation that has helped Erwin, Cherry and many other Stock Hackers make thousands of $$ weekly and now they never have to worry about money again!
If you desire the same for yourself, join the notification list now so you know when we have our next opening in the Stock Hacker Academy.
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.
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.
Welcome to the Truth About Real Estate Investing Show where we’re here to learn to build wealth together.
Having wealth is great, being part of a community where your friends and family have financial freedom, well that’s just a lot more fun to be a part of in my opinion.
How is back to school for everyone?
Our kids’ classes start date was delayed which is fine. I can see all the precautions being made and I’m confident in our school and teacher that everything is being done.
No different than in business or investing or stock hacking, I took an analytical approach to our decision to send the kids back. Note that we didn’t have to send the kids back as we have a full time nanny that the kids love and she loves our kids back the same.
Science, stats, whatever you want to call it, our school and the neighborhoods that attend our kids’ school is in the bottom 10% of covid cases in Ontario.
We don’t have any elderly living in our home so no at risk groups will be exposed to greater risk being around my family. Our kids are skipping the school bus and instead bike about 10 mins to school under adult supervision which they are enjoying.
So far so good. The kids are enjoying seeing their old friends and meeting new ones.
To show our appreciation, Cherry and I have sent gift cards to the teachers and our Vice Principal.
We received back notes of thanks, one teacher stated how the gift cards will be used to purchase class materials. I’ve followed up asking both what materials they need. Cherry and I will donate some or all of them.
To me, it’s the least we can do to give back after what has been a very successful six months for our real estate and stock hacking investments.
I mean, the government is pouring money into the schools for all the added expenses of cleaning, technology, personal protection equipment, etc…
As always, I believe we as private citizens need to step up and fill gaps when possible.
Same goes for our charity, the Hamilton Basket Brigade.
The need is greater than ever, we have more challenges than ever to host an event for these families in need but we are making it happen.
We are hosting an outdoor BBQ in the lower city of Hamilton, shout out to Charles Wah for donating the use of his parking lot and bathrooms.
The budget will be the same, the love and care will be the same, it will just mean fewer gifts, more gift cards and a lot more hand sanitizer 🙂 As always, we can’t wait to be the change we want to see in the world.
There is much to be thankful for after what I saw two weeks ago…
Two weeks ago, I volunteered to help an entrepreneurs’ group I’m a part of to check out potential office/event space to rent out.
Typical me, I show up excited without thinking it through but what did we find? Lots of beautiful space.
But think about it… Who is giving up their office space? Failed small businesses.
It was the saddest experience for me, it was like hopping between funeral homes for small businesses and as a real estate investor, I ask the question, why the space became available?
All these businesses no longer needed office space, some were on life support as their businesses were adversely affected and some simply moved to work from home.
Is it any surprise that August Go Transit ridership is 23% of what it was a year ago.
As far as I can tell, it’s a complete renters market for office space downtown Toronto and I imagine the same for many of the urban centers across Canada.
It was in the news last week how a couple of the biggest companies in Canada including banks are subletting unneeded space in their Toronto offices.
What a crazy world we live in!
Speaking of crazy or maybe not so crazy as it’s becoming a regular occurrence, Cherry beat me again the last two weeks of she trader vs. he trader.
Each week, her aggressiveness paid off, I think she beat me by around $2,000 US for each of the last two weeks.
The positive feedback on the Stock Hacker Academy 2.0 continues to pour in. We had a client last week choose freedom over continuing at his day job in exchange for being a full time wealth hacker: both real estate investor and stock hacker.
I’ll have Joe on the show soon to share his story of how he obtained his freedom.
If you’re interested in learning more, I’m giving a demonstration, totally free over Zoom.
This demonstration is in crazy high demand, we’ve had to upgrade our Zoom account and it’s the last one we have planned for 2020.
If you don’t know the story, I showed my kid cousin Wil, he’s known as “Chubby” to his family. Anyways, I taught him how to stock hack over Thanksgiving dinner, he’s a full time musician and in 15-30 mins per day, he’s able to cash flow over $1,000 per week all from his mobile phone.
September 24th, 8 pm again is the last demo we have planned for the year followed by Stock Hacker Academy 2.0 Featuring “the Godfather of Stock Options” – Best Selling Author of Get Rich With Options Lee Lowell. Links to register are in the show notes at
How A Former Technology Executive Automates His Real Estate For Mega Savings and Profits w Christian Szpilfogel
Speaking of making money with technology, this week’s guest has some crazy awesome advice on how to use technology in his sizeable real estate portfolio to save himself time, money, grief, and it even got rid of a drug dealing tenant who assaulted another tenant out of his property.
Some of Christians’ technology even makes him money.
Needless to say, this is an excellent interview.
This is a long episode as Christian was generous with his time, he is a former executive at one of Canada’s most well known technology companies in Ottawa, Ontario where he lives.
More recently we became the Vice President of Ottawa Real Estate Investors Group. Shout out to outgoing President Rich Danby.
We talk about what makes a good investment club and in the second half Christian lists off a bunch of technologies he has personally implemented in his real estate.
So, do have a pen and paper ready, you’re likely going to want everything he’s got after he explains the benefits.
Before you go, a quick announcement, my real estate networking meetings are back and open to the public!
We only have limited seating in person and they sold out fast for the September iWIN Meeting but we have plenty of space online on Zoom.
For those who have been before, the presentations are excellent only exceeded by the quality of the attendees to come out.
As always, I have several phenomenal guest speakers lined up, you’ve heard many of them already on this Podcast but with networking meetings, you get to interact and ask them questions.
As the saying goes, you are the average of the five people you spend the most time with you.
Personally, I like hanging out with successful, goal driven people or quality character and that’s what you’ll find at the iWIN Meetings
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/09/Christian-Szpilfogel.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-09-18 15:37:512020-09-18 15:37:55How A Former Technology Executive Automates His Real Estate For Mega Savings and Profits with Christian Szpilfogel
Who turned off the heat? It sure feels like summer is over and we’re sort of getting ready to send our kids back to school.
For us, the start of school was pushed back one week and we’re in no hurry to send our kids back to school thanks to our live-in nanny who has been a lifesaver through the pandemic.
Speaking of back to school, we are back to our publicly available iWIN Networking Meetings to be live streamed via Zoom.
The cost to attend is nominal, the presentations will be world class as always and our guest speaker is exactly the speaker we need for these special times.
He is a Police Constable, a victim of systemic racism, and at last check he holds 21 investment properties.
He is none other than Constable Jules Mackenzie.
If you enjoy stories of inspiration like I do then you don’t want to miss it. Saturday morning, Sept 19th.
These are special times however with back to school that usually coincides with back to business after a quiet August but these are special times, the August real estate market was on fire!!
Average prices in Hamilton were up 21.2% year over year for August and day on market were down from 29.6 days to 21.9 days per the Realtors Association of Hamilton-Burlington.
If you like to know what’s going on with your real estate then you don’t want to miss our first publicly available meeting in 2020.
Did you pick up new hobbies during the pandemic?
Because of government regulations, I defaulted to golf as I was dying to socialize with real people outside of my house.
Now here is how I use golf or any hobby as an experiment on learning and wealth hacking. The experiment is to see how quickly I can improve as a beginner.
This year is the first year I’ve golfed more than twice in a summer, I believe that qualifies me as a beginner. Last year I shot a 136 at the Hamilton Golf and Country Club.
Here are some best practices I’ve picked up in other areas of my work/investing I’ve applied to golf:
I hired a coach. A golf professional who’s coaching both Cherry and I. Like investing, golf is more fun when done with those you enjoy spending time with
Practice, Ipractice at least twice per week via play or the driving range or a lesson
You are the average of the five people you spend the most time with. My golf buddies include a couple very successful entrepreneurs, investors, and I’m usually the worst golfer in the group so I usually benefit from the tips from the better golfers
Tiger Woods: I read his biography and now I’m reading his book on how to golf. I enjoy reading books on ultra successful people and looking for insights into how they were raised plus how they raise their own kids.
Equipment: I bought my clubs on Boxing Day Sale because I’m frugal and they’re widely considered to be good quality. As with many things, I have more disposable income compared to my talent and skill.
Putting mat: I bought a nine foot putting mat to play with in the living room with Cherry and the kids. My putting has improved immensely
There is no replacement for experience. As I learn how to play the game, I get better.
This past Friday, I played the same course again but only nine holes instead of 18 as it’s under renovation. Last year I shot 136 over 18 holes, a couple weeks ago I shot 59 over nine holes and this past Friday I played well shooting 52.
Proof yet again that investing in oneself pays off.
From my experience, I’ve practiced similar applications to Crossfit and Brazillian Jiu Jitsu and of course my real estate investing and stock hacking, I have coaches, I read, I invest in education, and I spend a lot of time around both real estate and stock investors hence we offer meetups for both subjects.
Investing in oneself pays off and this week’s guests have invested well into six figures into their education which has kinda worked out into 160 real estate rental units in not a very long time.
They also love this little side hustle that only takes them 15-30 minutes per day that paid for their next vacation around the world.
That side hustle is what we call Stock Hacking.
If that’s something that interests you, learning how everyday Canadians like Leslie and Jamie from small town Ontario make money from their phones, I’m hosting another free demonstration, a more comprehensive demonstration than the one I showed my kid cousin over Thanksgiving dinner that resulted in him cash flowing $1,000 per week then the link is in the show notes.
All this talk about socialism and equality. Here, I’m doing my part in offering a demonstration for free…
Commercial Investing for 160 Units Locally and in Curaçao. Plus How They Paid For Their Trip Around the World With Leslie and Jamie Collard
This week’s guests are none other than Leslie and Jamie Collard of Collard Properties and this is their 2nd interview on the Truth About Real Estate Investing.
The Collards did start with smaller residential investments and are now focused on apartment buildings and developing vacation properties internationally.
Leslie and Jamie are quite open and sharing about how they find deals as well so make sure to have your pen and paper ready.
They’re even hosting a commercial real estate conference online and you can learn more about that on their websitewww.collardproperties.ca
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
The views and opinions expressed by our guest Jamie Collard during this podcast episode are solely those of the guest and do not necessarily reflect the views or positions of our podcast, its hosts, producers, or any affiliated entities. The information shared by the guest is provided for general informational purposes only and should not be construed as legal, financial, or professional advice.
Any discussions or references to these cases or related matters during this podcast are intended to provide context and should not be interpreted as definitive statements of fact or legal conclusions.
Listeners are advised to consult with qualified professionals for any legal or financial advice related to the topics discussed. We make no representations or warranties about the accuracy, completeness, or currentness of any information shared in this episode.
By continuing to listen to this episode, you acknowledge that you have read and understood this disclaimer and agree that our podcast, its hosts, and producers shall not be held liable for any damages arising from the use of the information provided during this episode.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/09/Leslie-and-Jamie.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-09-11 14:26:252024-08-23 14:59:12Commercial Investing for 160 Units Locally and in Curaçao. Plus How They Paid For Their Trip Around the World With Leslie and Jamie Collard
I trust everyone is well!! From people I speak to who are investing in stocks and real estate, the response is overwhelmingly positive with bumps along the way.
In one of our student rentals, we installed an air conditioner in the attic and the students are happy except for one – The student who’s bedroom closet has the attic hatch.
Well, they’re not happy at all because dust got onto their furniture and they feel they weren’t given enough notice even though my property manager emailed them a week in advance of the installation and cleaners were in the house not even five minutes after the AC installer left.
I know because I was there.
The cleaners pulled into the driveway as I was leaving.
We offered to send the cleaners back but the student’s mom wants to be present to check if the workers and my handyman are wearing masks.
She asked to hold off on any other renovations so she can work it out in her schedule to be on hand but she didn’t want to take responsibility for the delays in letting the other student tenants know the cause of the delays.
Cherry and I are big on customer service hence we already gave a roughly 10% credit for the summer months which the students accepted and to send the cleaners back at our expense or to pay the disgruntled mom to clean herself if she preferred to keep the cleaners from returning.
What does she want? A four-month rent credit?
She also asked that I be present for her to vent her frustrations when my property manager is already present and authorized to represent me.
I’m pretty busy between family and business and investing so that wasn’t going to happen. Plus I’m not a fan of confrontation.
We have already offered the student and mom out of the lease as there is no satisfying her and as the saying goes, “How you do anything is how you do everything”, we’d like to avoid any future drama.
Such is the importance of having multiple streams of income.
Our portfolio can handle a hit to cash flow to make everyone’s lives easier. Life is too short to handle the drama from someone who wants thousands of dollars of compensation for dust on bedroom furniture.
This whole COVID thing is responsible for some special times.
I’ve seen my brother once since January. He came to my house to pick up a cooler for camping, he didn’t touch anything as he’s a biologist by education and studied infectious disease at school so he’s more cautious than most.
I miss him and my niece who’s only three years old but that’s what being responsible and respecting other people’s wishes is all about. Families, tribes, society, etc… don’t get along without well, getting along.
Then I see all the toxicity on social media. It’s crazy.
I generally don’t engage in it like discussing politics and religion on social media. From anyone who’s read How to Win Friends and Influence People by Dale Carnegie, you’ll recall no one wins in an argument, there are only losers.
Often both parties walk away angry at each other with neither being convinced to change their views and sometimes strengthening their resolve.
So what’s the point? It’s a waste of energy in my opinion.
Then there is one of my favourite tips from the super awesome Tim Ferriss, best selling author of the Four Hour Work Week.
In his book Tim gives the example of an upcoming election, how he saves time and energy, he simply asks a couple of people who have similar values on how they will vote and why and makes his decision from there.
In my experience, I’m lucky enough to be the son of a medical doctor and one of my best friends from school basically got perfect all through elementary, high school, university, and medical school.
I ask Dad how to protect his grandkids and he gives his advice. Dave my doctor friend now works in a hospital so I ask him what he does for him and his three kids who are around the same age as mine.
For me, that’s good enough for my family and me.
Everyone is entitled to their opinion, it doesn’t necessarily mean it’s a qualified opinion. No different than when I say the Leafs need to trade for a defenseman. I have no idea who’s available or who would be good on our team but yeah, I have an opinion.
You’re more than welcome to ignore it but just don’t argue with me 😛
We should already know this.
But too often we forget it.
You never know what’s going on in somebody’s life; what they’re dealing with.
Physical health.
Mental health.
Racism.
Financial burdens.
Jobs.
Divorce.
…the list goes on.
So be kind. Be an ally. Be a friend. Be better. Don’t have anything nice to say then don’t say it at all.
If anyone out there needs help feel free to reach out, I’m not hard to find.
Last week we lost one of Toronto’s finest. Nearly a decade with the Toronto Police and just over a decade with the Canadian Armed forces. He was lost to suicide due to depression. Someone who on the outside had it all.
I just wish he had said something and I’m pretty sure we all feel that way when these things happen.
Rest in peace Constable. I hope you’re in a better place, you should have seen your funeral, there were so many people there to say goodbye.
Personal Growth Of A Single Parent From Selling Tupperware To Real Estate To Investing for 50% Returns and Stock Hacking with Lynne Tham
On to this week’s guest, Lynne Tham.
She was nervous to come on the show which is not uncommon. Public speaking by some surveys ranks higher on the lists of fears above death itself….
Lynne’s kids including my friend Simon told her to just do it and she did!
I’ll post Lynne’s full bio on our website, www.truthaboutrealestateinvesting.ca.
It’s a wonderful Canadian success story of a teenager immigrating to Canada, falling in love with the greatest country in the world.
Started a family, stayed at home to raise the kids, picked up a side hustle in multi-level marketing, excelled, became a single parent, became a Realtor, had a wake-up call at age 55 that she needed a retirement plan.
Invested in real estate, de-invested in real estate and now a pretty successful stock hacker.
I know we have several full time professional, uber-successful real estate investors like Ryan Carr and coming up next Leslie and Jamie Collard and their 160 units but for the investor who wants to take it easy and be a bit more passive…. Well, it worked out for Lynne.
Full bio:
Proud mom of two successful adults (Simon and Melanie) who form our family real estate team (we do between 40 – 50 deals per year as a team).
I’m a constant advocate for personal growth in my own life and determined to create my own financial future goals of being able to live, travel and work from anywhere in the world.
My own story – came to Canada by myself as an 18-year-old, without knowing anyone, from the UK, to be a nanny, in 1978. It was supposed to be a one to two-year work stay. Fell in love with the country, got married at 21 and became a Canadian citizen.
Being a stay at home mom I was recruited to sell Tupperware in the ’90s and this was the beginning of personal growth for me. I realized that I was a salesperson and loved motivating myself and other people to reach goals.
I was with them for 10 years and ended up owning a distributorship with them in the Toronto area.
After becoming a single parent in the ’90s, I had a five-year stint in the car business, being a business manager and selling cars, but long hours and very little personal satisfaction, motivated me to take my real estate license.
I became an agent in 2006 with the desire of being able to have the ability to increase my income and have the flexibility to travel to see my kids, who were both now living in the U.S. (Melanie on a gymnastics scholarship at Iowa State University and Simon modelling in NYC).
After building my business for six years it was a welcome addition to have my Mel join me in the business after she graduated university and then Simon, two years later.
Both of my kids did not have real estate as a career goal but they kind of fell into it after realizing that it was a great way to earn good money and also be able to pursue other passions (not to mention my daughter’s teaching degree did little to generate an actual job in teaching and Simon realized that modelling looks don’t last forever – but as his mom, I would disagree 🙂 and he’s still modelling now)
Five years ago, at age 55, I was staring at my future and realizing that I needed more of a retirement plan – at that time, my net worth was basically the equity in my Mississauga townhouse (at the time, worth around 775k, and I had a mortgage of $300k on it) and I had $200k in RRSP’s and that was it.
When I looked into what the Canadian pension was, if I waited until 65 to draw it, it was a wake up call.
This started my journey into how to build a consistent income of at least $10k a month within the next five years.
I had met with an investment guy from a reputable company, regarding what to do with my RRSP’s, who told me he could generate me a guaranteed 8 – 10% annually with their various investments.
It sounded a lot better than the 2% than my Scotia funds were generating, but luckily, I was introduced to investing in second mortgages by profunds in Burlington and decided to put my money there (it has now grown by over $100k in four years).
Simon had introduced me to your podcasts and it opened up a new world of exploration.
Around this time, I was invited to an event at my Keller Williams brokerage, put on by two agents who were representing, Brian Pullis’s project in Orillia.
They were offering an investment opportunity to purchase a townhouse in an older complex that had been refurbished and all the interiors gutted and renovated.
The homes were offered at $247k, and they were offering a $7k builder incentive and on top of that, my 2.5% real estate commission, so essentially I could buy one of these homes for $235k.
Again, embarrassingly, I hadn’t realized that I could take an 80% line of credit against my primary residence to take the down payment for an investment property, and I had always had the mindset that I needed to pay off my mortgage before doing so.
I got the line of credit and purchased my first property.
The type of property fit me well as it was easy to manage, (one-year property management was offered for free), and it cash flowed ($1400/month in rent).
This was a great first experience and it encouraged me to buy a second property in Orillia, which I had realized through listening to one of your podcasts (and Jules McKenzie), was listed in REIN’s top 10 cities in Ontario to invest in.
The second property was easy as it was new construction and the builder was only requiring $20k down. I closed on it a year later and after buying it for $345k and putting $20k into it, it attracted good tenants and covered itself.
I sold the first property 3 years later and made around $70k net, and I just sold the second one (closed yesterday) and made $145k in three years.
Last year, I had looked into the possibility of buying another investment property (at the time, I owned only one of the Orillia properties), but it had become so much more difficult to qualify for a mortgage and I was approved to buy at $600k, with B lender financing and it would have to be a legal duplex, generating $3400/$3500 monthly for it to work.
I realized that it was too much for me at this point in my life, to drive to Oshawa (where it seemed like the only opportunities to do this, existed in this price range).
In the summer I attended your IWin meeting where the discussion came up about the upcoming stock hacking course. I was so inspired by Adriano’s story and I had been listening to your increasing interest in doing it yourself and was following your progress.
Unfortunately, I was in Portugal in September when the first class was offered but as you know, Simon attended and he seemed to be quite inspired and impressed.
What sealed the deal for me was hearing Habib’s podcast with you, in the late fall, and I knew I had to sign up.
Since taking the two day course in December, it has changed my life.
No other words for it.
I started with $150k from my HELOC and then added $40k two months later. Since just before Covid, as of today,I’m up $54k, which is nicely falling into my goal of $10k/month and is opening up my future.
I plan on taking the profits from the sale of my investment property and adding it to my account, with the goal of making $15k to $20k a month consistently.
I am constantly amazed at how options trading is not only something that I could grasp but is so easy, enjoyable, flexible and unlimited.
I now find myself talking real estate clients (especially the ones around my age) out of buying their first investment property and doing options trading instead.
As you always say, there’s a place for both and they go hand in hand, but for me personally, and others in my situation, looking at retirement and how to fund it, in my opinion and experience,this is an incredible option.
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/09/Lynne-Tham.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-09-04 16:26:232020-09-04 17:02:08Personal Growth Of A Single Parent From Selling Tupperware To Real Estate To Investing for 50% Returns and Stock Hacking with Lynne Tham
Thank you to everyone for reaching out and asking about my son Bruce. He seems 100% now as he’s finished his eight days of antibiotics.
His visit to the dentist was fun as his front tooth is now toast, but the dentist said to leave it since it’s not bothering him. The dentist also found a cavity while poking around. Thank goodness we bought our own benefits plan for our family and a few of our employees to soften the financial blow.
I know many of you out there who are self employed don’t have benefits plans. We got ours through our local chamber of commerce as I’m a member of the Hamilton Chamber. Because the benefits plan is spread among the tens of thousands of employees among chamber members, the risk is diversified bringing the cost down which is around $300 per month for us.
We will definitely be getting our money’s worth this month between the emergency dentist visit, upcoming cavity repair, private room at the hospital, and now massage therapy as we have been having an RMT come into the office to massage the staff. Does that sound right?
Hopefully you’re all taking care of yourselves and enjoying all the returns you’re making from your real estate and stock hacking. Never forget, life is short so do enjoy the fruits of your labour.
I’ve spoken to many of you, including yet another newer real estate investor and a good friend of mine yesterday who’s real estate is fully tenanted. Everyone is paying rent and he’s cash flowing on average $2,000 per week via stock hacking.
Have a wild guess if he cash flows more from his real estate investments or his stock hacking.
Yet again, real estate for wealth creation, stock hacking for cash flow.
Speaking of cash flow and stock hacking, here’s a quick update on Cherry and I’s she trader vs. he trader.
Two weeks ago Cherry beat me by a whopping $40, but a win is a win and last week I won. I believe the score is around 16-6… I’m not sure what the lesson is here, but ladies, you can stock hack just as well or better than men.
I spoke to a single mom of two this week who has taken the original and as well as the new and improved 2.0 version of Stock Hacker Academy, and her weekly returns average is $2,500. I hope more single parents out there have the tools to do the same.
The lesson for the men? I don’t know. Maybe you can get lucky like me and have your partner out earn you.
I personally have no problem with my wife making more $$ than me. I’ll make Cherry pay for our next round of golf together as she had yet another four figure day today. She had a deep in the money call option on Apple for those who know stock hacking.
If you’re interested in learning more about stock hacking, I’ll be hosting another demonstration over Zoom. We almost broke the system last time as we had over 500 people register, but capacity is 500.
We will not be making a recording available for privacy reasons so make sure you’re there on September 10th, 8pm EST.
I’ll have several friends and family attending as well. I’ve been asked to give the same demo several times each week but unfortunately these are covid times, I’m really busy and protective of my gym, golf, Raptors and family time.
Or in my bio on Instagram and Facebook. This is totally free and it’s a much better demo than I gave my kid cousin Chubby who is averaging over $1,000 per week in cash flow or 28% return on investment in 2020. FYI He’s a musician by trade.
How To Maximize Returns via Highest And Best Use Real Estate With Ryan Carr
Speaking of cash flow we have Ryan Carr of RW Carr Investments as this week’s guest, talking about highest and best use and being creative in real estate.
How he groups his real estate investments into buy, renovate and hold, short term renos/developments and flips, and longer term projects including a waterfront 14 unit multifamily he renovated that went hundreds of thousands of dollars over budget… how did it work out? You’ll have to listen to find out.
Plus for the first time, Ryan talks about the passing of his real estate coach, Stefan Aarnio.
I think most of you should already know Ryan. He’s been on this podcast more than anyone else and he’s always up to something big whether its writing articles about how to increase cash flow by renting out sheds, vertical splitting of a duplex, tiny homes, etc…
If you don’t know Ryan, you will soon, as he’s up to big things that I’m sworn to secrecy, but here in the interview is what we can share 🙂
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/08/Ryan-Carr-updated.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-08-28 15:04:092020-09-04 14:03:12How To Maximize Returns via Highest And Best Use Real Estate With Ryan Carr
My family was having an amazing summer, then we hit a speed bump. My son Bruce was running up the basement stairs and fell on his face cutting his lip. He cried a lot but I figured he’d be fine, no big deal right?
The next morning his upper lip ballooned up. I thought, ‘weird, this much swelling this late after the fall.’ I sent a picture to a doctor in my family and he said the swelling was from the fall.
Bruce also had a fever so I thought it was just a coincidence, kids have fevers all the time. Saturday morning, the swelling had spread to Bruce’s cheek and the fever was still there. So we did what any parent would do, we cancelled our St. Catharines property inspection tour to see a doctor.
It’s what I feared, an infection and Bruce was prescribed antibiotics. Those were a challenge as Bruce couldn’t swallow them and they tasted awful when ground up, even when mixed with honey.
Next day, there’s no improvement, so off to Emergency Bruce and Cherry go. In Covid times, only one parent is allowed in Emergency. Bruce gets admitted and stays the night at McMaster Children’s Hospital. Cherry stays with him and I’m just a ball of stress.
Thankfully McMaster Children’s Hospital is just fantastic, including their pharmacy. They work their magic and we’re home on Monday with a plan for 8 more days of an antibiotics cocktail that Bruce likes thanks to the pharmacy.
Even with the good news, I had a terrible headache. Boo hoo, I know, when compared to all those parents with kids who spend extended periods in hospital. I’ve said it before and I’ll say it again, investing in real estate and stock hacking is waaaaay easier than being a parent. I’d gladly trade all my houses for the health of my kids.
Thankfully, this will only cost Bruce two weeks in the summer and the lesson as I’ve reminded him before, no socks in the house if he’s running.
For you wealth hackers, I’m hearing from many of you that this has been an extremely profitable summer both in your real estate and for Stock Hackers.
The Toronto Real Estate Board reported a record number of transactions in July and average prices are up 16.9% from July of last year. Hopefully those of you trying to time the market got in March or April. The markets where we operate, west of Toronto, we’re seeing multiple offers everywhere and outside of student rentals and condos, our clients are not reporting any significant vacancies.
For those who own real estate, you’re doing great!
For Stock Hackers, I’m receiving regular feedback from students who are achieving four figures per month and some four figures per week in cash flow, which is super awesome!
It’s why we provided the courses taught by best selling author, Lee Lowell. Our very own VP of Coaching, James Maggs is averaging between $2,500 to 8,000 per month on $120,000 and only investing about four hours per week. Not bad! It’s more than CERB and that’s more cash flow than a piece of real estate that requires an equivalent investment of $120,000.
But just ask any Stock Hacker how they funded their bankroll, almost everyone did with real estate profits or home equity lines. Real estate to build wealth, Stock Hacking for cash flow.
Last Tuesday I delivered a demonstration via Zoom, a bit more of a polished demonstration vs. the one I gave my kid cousin over Thanksgiving last year. He’s a musician by trade and he too is cash flowing over $1,000 per week. Anyways, over 500 registered for the demo which is pretty awesome. Hopefully the nearly 500 who attended can reproduce the same results as my cousin, Chubby.
In case you missed the demo, sorry you couldn’t make it. If you’d like to be informed of the next one and receive notification of when these podcasts come up, simply sign up for my email newsletter, go to www.truthaboutrealestateinvesting.ca and type in your name and email and that’s it.
This is summer and we’re trying to enjoy what’s left of it, so no more demos till September and no, we’re not sharing the recording. If these were not covid times, I’d invite you into the office for a live in person demo. Then you could all look over my shoulder and see how I trade on my phone, but we’re in a different normal.
On to this week’s show featuring another successful wealth hacker!
How A Veterinarian Quit His Job By Investing in Real Estate and Stock Hacking with Michael Bugg
Meet Michael Bugg, he’s a young father, husband and just recently a full time real estate investor out of Saskatoon, Saskatchewan. He began buying properties in 2010, specifically new construction, and his investing has evolved into small apartment buildings.
In July 2018, Michael hung up the stethoscope and quit his job as a veterinarian.
On this episode, Michael shares his journey to owning a couple apartment buildings and how he lost money stock hacking during the covid crash and the shocking returns he’s achieved since then.
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/08/Michael-Bugg.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-08-24 13:54:432020-08-24 15:52:07How A Veterinarian Quit His Job By Investing in Real Estate and Stock Hacking with Michael Bugg
I hope you are having a great week and enjoying the summer!
You may have noticed we didn’t release an episode last week as I was tied up with Cherry’s birthday week and golfing three times including taking a lesson.
Do you know the saying “you can’t have your cake and eat it too?” as in you cannot have two incompatible things or you can’t have the best of both worlds?
Well I’ve never been much to conform to rules so other than Cherry being my wife and mom to our kids, we invest together in both real estate and stock hacking, we own several businesses together and we golf together.
When I’m more disciplined, I got to the gym with Cherry 😛
Cherry is better at golf than I am, she beat me two of three outings last week. She beat me last week at stock hacking as well so I think she-trader is beating he-trader by the score of 15-6.
I do have other family who stock hack as well, my little cousin. His nickname is Chubby, he had big cheeks as a baby so my brother called him Chubby and the nickname stuck.
Chubby is a musician by trade, a beginner real estate investor, and he was a buy and hold investor of stable stocks like Canadian banks. During thanksgiving, we had my extended family over for dinner, remember what those days were like?
Anyways, I told Chubby he was leaving money on the table investing in stocks the way he was so I showed him how I would stock hack, I gave him Derek Fosters book “Money for Nothing and Your Stocks For Free.”
Fast forward ten months later, he sends me a screen capture of his trading app showing his returns are 22% this year so far. He can’t convince his wife to learn stock hacking but you know the crazy part? His cash flow is greater than the average Canadian’s work income.
Note that is for all of 2020 so that includes the COVID crash of February and March.
Also note, Chubby wants to buy more real estate, it’s just not easy as a millennial to raise 20% down payments. But if you can, there is no better asset class to build wealth in my experience.
If you’re interested in learning more about stock hacking, I’ll be giving a demo on Tuesday August 18th in the evening via Zoom.
It will be a bit more detailed than the demo I did for Chubby over turkey and wine, but my hope is the same for you the listener, to create a steady stream of cash flow.
Those who get my emails will also see an invite and if you’re not on my email list, that’s just silly. Go to www.truthaboutrealestateinvesting.ca and simply input your name and email and I hope to see you Tuesday Aug 18th in the evening on Zoom!
Proving The Husband Wrong, Investing in Cottages, Developments, Retail Commercial, and Stock Hacking for Six Figures with Monica Lee
This week’s guest is Monica Lee who is like family. She is Cherry’s BFF and godmother to our most prized assets, our son and daughter.
Monica and husband, Rich, are both second generation Canadians. Their parents immigrated to Canada from Korea with not much in search for a brighter future for their kids.
Rich and Monica both became lawyers who eventually quit law and six figure salaries to be full time real estate investors.
Monica invests in cottages for short term rentals, a couple commercial retail properties, they develop and build houses, she stock hacks for six figures all the while being a mom to three great young kids.
Just wait till you hear the story about how someone told Monica’s oldest son she would fail and give up as a stock hacker. Her response is pretty epic.
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/08/Monica-Lee.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-08-14 10:02:292020-08-14 10:20:40Proving The Husband Wrong, Investing in Cottages, Developments, Retail Commercial, and Stock Hacking for Six Figures with Monica Lee
I hope you’re all enjoying this summer as much as I am.
The craziest recession/depression or whatever we are in continues. The divide between the haves and have nots is widening, but don’t worry, for the haves, I’m sure our taxes will go up. Let’s all enjoy the great weather and market appreciation.
This real estate market in Ontario has created a lot of wealth for investors, including this week’s guest in Ken Bekendam. We’ll get to him in a moment. I’m sure he’s grateful and I know I’m very grateful for our respective real estate portfolios.
Cherry’s birthday is coming up and the plan is for us to golf seven of the eight days of her birthday week. Yes, this is Cherry’s bday and her idea, not mine. In Cherry’s previous life, aka a previous boyfriend who we don’t talk about was an avid golfer so they golfed a lot together.
Cherry has many shots that I do not and has out played me two of the times we’ve golfed this season. This past Sunday, Cherry and I golfed together with my cousin and his wife. Cherry and I were playing scramble as in we each shoot then choose who’s shot was better and we both hit from there.
We were playing at the lovely Indian Wells Golf Course and the last time I was there I hit a 119 which I was pretty happy with. When partnered with Cherry, we scored a 94. An improvement of 21%. Cherry mentioned how our golfing that day parallels our lives, we complement one another, raise each other up. We both have good and bad moments, but we can often compensate for one another.
On the first 9 holes, I was playing great. There was a stretch over two holes where every shot we used was mine. I mentioned it to Cherry then she hit her best shot of the day immediately after. She has a competitive fire and wants to be her best, much like I do.
Over the last 9 holes, I struggled a bit and Cherry contributed a lot more. With my advanced age and 35 degree weather, I tend to fade after the 14th hole. I think she knows this hence the high volume of 7 golf outings in 8 days so she can kick my butt 😛
Speaking of Cherry kicking my butt, she beat me in stock hacking yet again last week. I had my third best week ever but Cherry managed to make even more. Our household again realized five figures of cash flow in US dollars. She trader vs he trader is now about 13-6.
The stock hacking gains are great, but don’t forget, our bankroll was funded by our real estate.
For those interested in taking a beginner course taught by a best selling author and fellow stock hacker with 30 years of experience, including as a floor trader on Wall Street, he is none other than the Godfather of stock options, Lee Lowell, then go to www.stockhackeracademy.ca. Also save the date, the weekend of Oct 3-4th. This is the version 2.0 of the program and if it’s not called Stock Hacker Academy, then I have nothing to do with it nor endorse it.
On to this week’s interview giving us the Truth About Real Estate Investing and it’s not an easy one…
Doubling Down On Real Estate While Balancing Real Estate and Family with Ken Bekendam
In planning a future without his wife Kaitlin and mother to one year old son Kingston, Ken Bekendam made the decision to quit his job and double down on his efforts to build his real estate investing business.
At the time, half his income was coming from Ken’s investment properties, plus he needed to build towards the flexibility of schedule, being an entrepreneur, as Ken is now a single father, and financial freedom that comes with being a successful real estate investor.
Ken is a renovation expert both for his own portfolio and for clients, especially in adding legal, income generating suites and additions to existing properties. Like many high level real estate investors, he’s raising private mortgages so you’ll want to pay attention to that part.
I don’t want to spoil too much so I’ll let Ken tell you his story. I give you Ken Bekendam.
On October 3rd & 4th, you can join the next Stock Hacker Academy Live Introductory Course. Learn the foundations that have helped Erwin and Cherry make upwards of $2000 USD a week. Stock Hacker Academy includes:
Live, in person or digital, weekend Course with the Godfather of Stock Options, Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/07/Ken-Beckendam.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-07-31 14:31:482020-08-04 20:21:56Doubling Down On Real Estate While Balancing Real Estate and Family with Ken Bekendam
This week’s guest Cody Yeh dropped some bombs on this in the interview I didn’t know about and it was quite the pleasant surprise. It’s days like these I love my work and we’ll get to young Cody in just a moment.
The remediation of my flood damage is ongoing. The emergency clean up work was done. Big commercial, over sized fans were brought in to air out the moisture. A bunch of flooring, trim, doors and drywall, anything the water touched basically, has to be removed and disposed of. Now just to wait for the quote.
Thank goodness for having a good team and proper insurance, in this case sewer backup coverage.
Cherry and I have so much going on while my kids are at day camp in a conservation area which is awesome. They can swim in one of the cleanest lakes in Ontario. They’re hiking every day, they’re having a blast and to see them happy with big smiles and dark tans makes all this extra hustle stuff worth it. I hope all you out there are able to enjoy the fruits of your labour too.
Quick she trader vs. he trader: last week I won by a pretty wide margin and this week Cherry has a slight lead on me. So I think the score is 13-6 but at the end of the day, it’s a five figure week in US dollars of cash flow this week and last and probably the last eight weeks.
Needless to say it’s been a great market for stock hackers no different than this week’s guest, Cody Yeh!
Quitting Corporate at 29 By Investing In Real Estate and Stock Hacking with MR REI Himself, Cody Yeh
Cody is a first generation immigrant who came to Canada while still high school age, went to university, got a white collar job, but apparently it was good enough as he quit this past January.
I learnt of this before we started recording, but I assumed he got a new job.
What 29 year old doesn’t have a job? This one I guess.
Cody is a YouTube influencer, a real estate investor in houses with legal basement apartments in Barrie, Ontario, and he took our Stock Hacker Course last fall. These investments allowed him to quit his job to focus on building new businesses.
I haven’t known Cody a long time but I do know he hustles which separates him from the pack and his story inspires me. So without further ado, I give you Cody Yeh.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/07/Cody-Yeh.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-07-24 13:39:222020-07-24 16:57:10Quitting Corporate at 29 By Investing In Real Estate and Stock Hacking with MR REI Himself, Cody Yeh
It’s a good thing these covid times are during the summer so local businesses like restaurants can operate on patios to at least earn some income and keep the economy going.
For most of you Canadians, you’re ahead of us in Ontario for re-opening. We do miss our live and in person meetups with our clients, but for business, we’re in no hurry as we’re busy, if anything we wish this sellers market would slow down so we can help our investor clients acquire more property.
But for our investors taking profits and exiting, this has been wonderful. We will wait and see what Phase 3 looks like before we host even small meetups in the office again.
This past weekend, unfortunately, we had a basement flood. Thankfully our student tenants were home to call my property manager at 1 AM so he was able to go over and do what he could.
That was Saturday morning, by 11am, I was there to have a look and talk to my tenants with a $50 gift card for each student, plus one for my property manager Terry.
The water had since drained but it went over an inch high so a bunch of drywall, trim, doors, flooring, etc… will have to be replaced. Our tenants are younger so they asked if our insurance covers their belongings. It doesn’t because that’s what tenant insurance is for.
Here’s your friendly reminder to require your tenants to have tenant insurance.
We had a flood which sucks, but we have a client who’s basement tenant improperly disposed of a cigarette and caused a fire so the main floor tenant with a new baby is now without a home at no fault of their own.
Thankfully, the basement tenant has insurance as the home’s insurance will likely go after the person who caused the fire. Unfortunately the main floor tenant does not and will have to come out of pocket for a hotel or AirBnb till they find a new home.
Speaking of AirBnb, I had a friend who specializes in AirBnb asking me about Stock Hacking.
He was saying he didn’t want to invest and learn something new as he makes so much money running AirBnb’s. I shared how in my experience, multiple streams of income is the winning formula. We have small businesses, a portfolio of cash flowing real estate, and both Cherry and I do Stock Hacking.
My deductible for the flood is $5,000. Well, I made over $5,000 USD this week already from stock hacking, so while it sucks to have an expense of $5,000, I can afford it.
A reminder to have a buffer and why having multiple streams of income is best. The opposite is true as well, I’ll have a crappy day or week in the stock market and am grateful for my real estate. No one is better than the other. Having both in my experience is the ideal.
Thank goodness my insurance specific for investment properties covers sewer back up. Now this is twice it’s saved my bacon. You may want to check if your policy includes it too.
Quick Stock Hacker update of Cherry vs. Erwin.
She beat me again last week so I think it’s 12-4 in Cherry’s favour. On the plus side, we combined for a five figure week in USD cash flow. Sorry for repeating this so many times, but I’m grateful to have learned this skill and that Cherry is willing to trade as well.
Also interesting in our real estate world is we had another tenant have a disagreement with her housemates so they want to break the lease.
To some that’s terrible news. To us, this property generates the least rental income so it’s our chance to improve that by renting it to students.
We have that option or we could sell it in this complete sellers market we are in right now. This house we own with a JV and have some of our own money in it, so the return could be better if we owned it 100% or had zero capital invested in the deal. Or we may just sell it and turn it into a pool 🙂
For the longest time, Cherry and I have wanted a pool for the kids to enjoy and to entertain our friends and family. In my experience, the best way to pay for luxury items is to have our assets pay for it, so here we go, our investment and returns will now become a pool. An investment that was born out of a home equity line of credit over six years ago.
Compare that to what friends I have who used their home equity line of credit to pay for a pool. To each their own, I just have a lot of future plans for early retirement and helping my kids pay for their education and a home.
Speaking of education, I was talking to one of my neighbours about how their daughter wants to be a dentist.
They have RESP’s to cover some of the undergraduate tuition, but she didn’t know tuition costs for dental school. I’ve googled it before so I was the bearer of bad news as I’ve seen it at 40,000 per year. I don’t think anyone saves that much nor wants to be saddled with that kind of debt.
On to this week’s show!!
Big Fines, Student Rentals, and Stock Hacking with Ron Esteban
We have my friend, Ron Esteban on. He considers himself an average investor and not a big shot, but he’s got a couple properties. What is super cool is he’s teaching students how to invest in both real estate and stock options.
That’s right, Ron is a teacher with one of those big fat teacher pensions we’re all jealous of. He received some great advice to invest in real estate from an unlikely source. Ron made some mistakes early on which lead him to meeting me around eight years ago and we’ve been friends ever since.
On this episode, Ron shares how he got started, how being part of a community helped his investments, and a more recent “life changing” means of investing. On top of all that, he just got married and is about to become a new dad!
Ron also shares what he’s teaching his students. Parents, pay attention to this part in case you’re trying to get your kids interested in investing.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/07/Ron-Esteban.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-07-17 15:48:462020-07-17 15:48:48Big Fines, Student Rentals, and Stock Hacking with Ron Esteban
I hope you’re having a great summer, I know it’s not like other summers, but this too shall pass.
And no pressure or anything, but hopefully you’re taking this time to learn something new, make more time for yourself and your loved ones.
As it is social distance friendly, I’ve taken up golf and it’s been a lot of fun. I used to avoid golf because it seemed unproductive and time consuming. But when golf is done for Wealth Hackers, we assemble high level teams of successful entrepreneurs and investors, then it’s a great time!
The easiest way to improve your mindset is to spend more time with high level people and I’ve been golfing with some high achievers, like my good friend Charles Wah, who is developing, flipping and holding a fair bit of real estate.
We’re not high achieving golfers. My golf buddies are usually in the 90’s and they let me tag along with my 105-115 range. Mostly because I’m easy pickings for betting on golf :P.
One time, I accepted a terrible six handicap which ended in me making a $300 donation to a charity of my choice, the Hamilton Basket Brigade.
Quick update on the Hamilton Basket Brigade. We scaled back significantly for Easter with covid and all. We gifted $100 gift cards to the 30 something poor families in Hamilton and we plan to do a bit more for Thanksgiving, but expect changes as an indoor party is off the table. Don’t worry, though, we have some great ideas.
The need is great and we’ll be there to do our small part.
Real estate wise I hope you’re all doing well. According to the Globe and Mail today, Toronto real estate is up 12% in June from last year. Hamilton is up 13.7% over the same period or 3% higher May 2020.
If you’ve been following the news, you know CMHC predicts a drop of up to 18% in Canadian real estate, so if that happened in Toronto or Hamilton, we’d give back maybe 18 months of appreciation?
If you’re flipping houses, I’d be concerned, but if you’re holding for the long term to pass onto your kids like I am, I’m not too worried.
Speaking of kids, Cherry enrolled our kids in a bunch of camps after other summer camps had to cancel thanks to covid.
One of the camps is to improve on bike riding. This is the first time my kids are doing a bike riding camp, it’s only one week long but they’re entering directly into level 3. I expect my kids to pass level three leading to level 4 which teaches riding on the road, the rules of the road, signaling, street signs, etc., but it’s only for six and up.
My daughter Robin is old enough, but my son, Bruce, only just turned five. Cherry asked Robin if she’d like to take level 4 after explaining the agenda and that Bruce wouldn’t be able to join her. Robin said no, she’d rather wait till next year when Bruce can take level 4 with her, so she can watch out for him.
This is why she deserves the house we bought her and she can have our house when she’s old enough.
Quick Stock Hacking update, I finally beat Cherry for maybe the 4th time in 15 weeks of he trader vs she trader.
She obviously has an enormous lead and had a monster week last week. It took my 2nd best week ever and almost five figures US dollars to beat her. We’re really lucky to have the trading coaches we have in our lives.
June was a great month for me with 18% returns. That is gross and not annualized. If you’re interested in learning more go to www.stockhackeracademy.ca/specialoffer
Government Subsidy Update, Cherry Beating Erwin at Stock Hacking, BHAG, Investing in Insurance with Cherry Chan
Speaking of Cherry, she is this week’s guest, here to share about the latest in Government subsidies, why she got into Stock Hacking when I was already deep into trading, our BHAG (big hairy audacious goal), and so much more!
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.
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.
And happy 2nd mother’s day to all you moms pulling double duty!
I have much to be grateful for thanks to my dad who moved to Winnipeg from Hong Kong when he was 17 years old in pursuit of more opportunity.
He later escaped those crazy winters and black fly seasons for a less crazy winter in Toronto but he didn’t have any parents to guide him better so he ended up finishing high school at one of the roughest schools in the roughest areas of Toronto.
My dad is also a real estate investor but different from me, he makes a Doctor’s income so when he started investing in real estate, he chose Toronto new construction condos near subway stations. Needless to say he’s done quite well.
How silly was I to tell him he wasn’t an investor but rather a speculator. Those were the exact words I’d heard spoken from stage at a real estate network I belonged to.
Buying Then Exiting $11M of Real Estate, Pursuing Passion In Buying A Business with Wade Graham
Buying high in-demand assets with growing demand makes a lot of sense in hindsight. The business case for Canada to grow the economy via immigration makes a lot of sense financially to attract investment and talent.
Unfortunately, many investors heard the same advice I did and instead of investing in Toronto, they invested in Edmonton and Calgary Alberta. Again, hindsight being 20/20, that was not a good decision. I know many of these people personally.
Then last week, Wade Graham, a long time Facebook friend of mine commented on one of my posts about real estate how he’s glad to have exited all his Alberta real estate, $11 million dollars worth.
Wade was part of the same network and community I was, for just as long, and I wanted someone who’s not all “rah rah real estate” to come on this podcast. Wade fits exactly that bill. 😛
What Wade offers as a guest is what went wrong in his real estate journey so you may all get it right. But real estate was not all bad to Wade as the network and skills he built translated into acquiring a failed business, making it successful, in an industry that he loves.
In these trying times, there will be many businesses that fail which is terribly sad. However, there will be some entrepreneurs who can buy these businesses and their equipment for cents on the dollar. In the restaurant industry, that’s commonly known.
The restauranteur who is the first into a space and invests hundreds of thousands for commercial stoves, ovens, fryers, fridges, freezers, furnishings etc.. They have to pay retail prices plus delivery and installation.
Sadly, often the debt servicing and rent is too much, the restaurant folds, another businessperson then buys the assets for cheap and has a much better chance at survival and might even prosper. Wade has a similar experience to share which is timely considering the current environment and I wanted you my community to be aware of it.
If you don’t know Wade, he describes himself as a:
“Thinker. Feeler. Active. Outdoor. Trying to love a little more and forgive faster. I fail often.”
Wade tells it like it is so the language is not safe at work or if you have little ones in the car with you.
We talk about groupthink in real estate investing, the challenges of having tenants, some wild stories including when Wade had to rescue 200 pounds of gold in a backpack, and buying a business.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/06/Wade-Graham.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-06-26 12:42:392020-06-26 14:20:25Buying Then Exiting $11M of Real Estate, Pursuing Passion In Buying A Business with Wade Graham
How are you holding up during these historic times?
Please do what you can to spend more time around positive awesome people. Feed yourself inspiring information.
For myself I’m taking some time to myself each day to get lost in my thoughts. I can do so by going for a walk or pacing around my home on rainy days. My house has a central staircase so I’ll leave a notepad and pen on the dining table so I can pace and stop and make notes 😛
It’s crazy how many good ideas have come to me in these moments to myself.
Health wise I was near my heaviest weight just two weeks ago at 191 pounds, and that’s not muscle. I was getting skinny fat. Cherry bought herself a scale that I found in our closet, I found it and hopped on it. 191. This morning I was down nine pounds at 182 after intermittent fasting the last two weeks.
My intermittent fasting is simple. I basically don’t eat after dinner and for breakfast I only have coffee with a bit of grass-fed butter, 1-2 tablespoons. The fat keeps me from being hungry and I’ve been feeling pretty good, but I really can’t wait to get back into the gym.
Speaking of gyms, sadly my friend Denise who owns a gym announced this week she is closing her doors.
She is an amazing athlete and an even better trainer. Her energy and passion are something to be witnessed, but even with all that talent, the business didn’t work. I could be wrong, but I think the lesson is to own the real estate one’s business occupies.
The BDC has been very accommodating from my experience, allowing mortgage holders to pay interest only during these extraordinary times.
The more control the better, is my saying. It’s why we chose to buy our office location instead of renting. Commercial tenancy laws are heavily in favour of the landlord, so I’m not interested in being in a position of weakness when we can afford to buy.
One of the reasons we can afford to buy is because we have a residential real estate portfolio.
One of the biggest lessons from this pandemic is the government will support those in need, which includes our tenants so they can make rent.
In a poll of iWIN members, rent collection for June was typical, many reporting 100% collected, but commercial business tenants are having all sorts of problems. And with Prime Minister Trudeau’s announcement that he will extend the CERB, the Canadian Emergency Response Benefit, it looks good for residential real estate investors.
Combine that with a hot market for the properties our clients and iWIN members hold, we continue to be really lucky and in great shape to ride this out.
Quick update on the stock hacking world, with the US Fed committing even more money to prop up the US economy, many stock hacker students are reporting great results.
Cherry continues to kick my butt and we combined bring in over $4,000 US cash flow per week. Cherry beat me last week but I have a lead this week so I think the score is 11-2 for Cherry.
At the end of the day, I hope you’re all improving your cash flow positions through small business, real estate, stock hacking, bitcoin, I don’t care what as long as you’re making money and making a difference in your community.
Speaking of making a difference, we have an author on today’s show, an old friend named Roger Auger. I don’t have a bio for Roger so I’ll read you the description of his new book ‘No Excuses’ available on Amazon:
No Excuses, Growing Up Poor, Abused, Failing College to Real Estate Multi Millionaire with Author Roger Auger
“Deadbeat. Loser. Failure .Criminal.
Imagine growing up in a family where those words were meant to be your future. Without loved ones supporting you, would you, too, believe “You’ll never amount to anything?”
All around you, right now, there are kids who dream to be great but live without the support or circumstances to do so. Whether you were raised with encouraging parents or you bootstrapped your way on your own, you have the option to give a break to a kid in need.
Successful real estate investor and business owner Roger Auger knows firsthand. No Excuses is his story of hustling stolen mac and cheese and paying his parents’ mortgage at age 13, to running a successful real estate empire. Carve out your own path of growth and learn:
What life can be like at home for some kids, how to spot a kid without support, and the little things you can do that have a big impact,
How hard work can make almost any dream a reality,
The pathway to creating a better future through real estate investing—even if you’re a kid who comes from nothing.
Why YOU could be the answer to changing someone’s world, just by giving them a chance.
No Excuses gives us hope that the world can be improved one kid at a time. The world doesn’t give you handouts…but with a dose of Roger Auger’s hustle and paying it forward, you could be on your way to success.”
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/06/Roger-Auger.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-06-19 15:58:162020-06-19 16:00:04No Excuses, Growing Up Poor, Abused, Failing College, to Real Estate Multi Millionaire with Author Roger Auger
Thank goodness the limits on gatherings are increasing to 10 people on June 12th!
Like many of you, I’m getting a wee bit tired of the lock down. Especially when my mom who lives in Hong Kong tells me their economy didn’t shut down; restaurants recently increased capacity from 4 per table to 8.
It’s been over one month since a new, local case of Covid was reported. There are plenty of lessons on how to handle a pandemic. Places like Korea, Hong Kong, even New Brunswick nailed it. BC is already going back to school part time.
It just sucks to be an entrepreneur, when, like many of you, we chose the entrepreneurial life so no one could tell us what to do and we are now being told what to do.
On the positive side, with all the rioting and violence going on the south of the border, I’m reminded yet again how grateful I am to be Canadian and grateful for stock hacking and real estate.
All are opportunities equally available to anyone no matter the colour of your skin. As a minority growing up in Canada, my family was one of the early Chinese to come here fleeing Communism.
When I was in elementary school, there were three Chinese kids in the whole school. There was my brother and I plus another Chinese boy who everyone assumed was also my brother.
Investing has enabled those considered poor to enter the top 10% and even top 1% and we’ve had many of those folks on this show and we’ll have many many more.
The investing community as I know it, is inclusive to all backgrounds and unfortunately a lot of assholes too, but we’ll do our best to only have cool people on this show, including today’s guest in Diana House.
Before we get to Diana, a few updates from our parts:
For the 2nd time in 11 weeks, I beat Cherry in our weekly stock hacking competition. It took a personal best by me: a five figure week, all USD in cash return which is great and all, but Cherry still maintains an overall lead of five figures. It will be tough to catch her in the overall race as we’re both adding to our accounts after our most recent refinance.
We successfully refinanced that house that Cherry was mad at me for buying, sight unseen, no conditions, which I do not recommend to beginner and intermediate investors.
This house had a leaky basement, black mold on all foundation walls, and a cockroach infestation. We found a dead mouse in the electrical panel and the whole house was knob and tube electrical: a known fire hazard and because of it’s proximity to a University, no bank would give us A rates.
On top of that, we’re buying with a corporation and we’re a weee bit stretched on credit.
In the end, we renovated top to bottom and I’m beyond ecstatic with the 2nd appraisal. The first appraisal sucked, the second was $40,000 higher after I provided the 2nd appraiser extensive details of the costly renovations plus a quality comparable sale of my choosing 😊.
The plan is to reinvest the real estate profits via stock hacking, which is my favourite thing to do, have profits reinvested for more profits, reinvest again two more times, then eventually we can pay for a new pool next year paid for with profits.
None of this would have been possible without: A) Being Canadian and B) Investing in whatever.
I don’t care what you invest in, just that you invest and exit the rat race.
On to this week’s show! This week we have Diana House!
Balling out on Necker Island, Commercial Investing and Lending, New Start Up to Fight Covid19 with Diana House
A SERIAL ENTREPRENEUR OBSESSED WITH EMPOWERING ENTREPRENEURS IN THEIR BUSINESS FINANCES.
Her track record speaks volumes: she has built a highly profitable 7 figure company, been on Dragon’s Den (the Canadian version of Shark’s Tank), done a successful crowdsourcing campaign and sold two businesses in the e-commerce space.
She now works with a fellow entrepreneur, her husband, on FFV Capital and Fast Forward Ventures, their real estate companies focused on private financing and commercial real estate investing.
She’s been featured as one of the top female entrepreneurs in Canada by the W100 and also recognized as a top 20 under 40 entrepreneur by Business London.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/06/Diana-House.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-06-12 10:09:232020-06-12 10:09:25Balling out on Necker Island, Commercial Investing and Lending, New Start Up to Fight Covid19 with Diana House
Remember when you could not get toilet paper? The new metaphorical toilet paper includes many things, things that are hard to buy: I hear in some places flour is hard to come by, tee times for golf, bicycles, and now trampolines. I’m sure there are tons of other stuffs I’ve left out but the trampoline is my family’s current problem.
That and school and summer camps are cancelled. Hence we’ve been on the hunt for backyard activities, specifically a Springless Trampoline at the recommendation of my friend Gillian Irving who used to own an indoor trampoline park.
When Covid first hit, the company had no availability, I assumed it was supply issues, then I found out this week, they had sold out their entire spring season supply. You had to get on a wait list for the fall shipment… This has been the weirdest recession, depression, or as Ben Tal the economist calls it, something in between.
There are some who are still spending, e.g. these Spring-free trampolines are all well over $1,000 and for now, you can only now get them used.
Thankfully, Cherry has a client who owns one and is getting rid of it as her kids are closer to university age than kiddie age. We’re supposed to go pick it up tonight as part of our weekly date night. We’ll romantically eat Chinese take out in our van since there is no dine in option.
Oh and I have to take this trampoline apart. I have trouble assembling IKEA furniture, but this trampoline… I doubt there are instructions. This could be a late night.
Quick stock hacking update. Sorry ladies, this gentleman finally broke the streak. I won last week with -$100. Cherry lost a bit more than I did. Not a great way to win but investing is not always winning and even though both Cherry and I lost last week, she’s still averaging four figures per week and I’m over $600 USD per week, cash.
Our goal for trading now is to make enough for a pool next year and I hear they’re expensive. Not just the pool but people spend tons on sheds and landscaping… ugh. Life is a money pit.
Thank you everyone who took the time out to send some kind words after hearing about haters posting negative reviews of this podcast on iTunes.
Thank you Dwight, Kory, Kate, Letitia, Andrew, Bill, the list goes on. Thank you Kate who defended my honour by posting her review on iTunes as she took exception to the negative posts and she took the Stock Hacker Academy 2.0 along with 200+ others and the feedback has been overwhelmingly positive and a significant improvement over the original.
Dwight was kind enough to share how he became intrigued with stocks in February after listening to this podcast, took action, opened a TFSA and has since more than doubled his investment into the six figures. That made my day!
Just like real estate, it’s not for everyone. I do believe anyone and everyone CAN stock hack or invest in real estate, it just may not be their priority right now.
On to this week’s show!
Starting Investing in the Later Years, Both Stocks and Real Estate And Selfishly Customizing Legal Insurance For the Investor with Victoria Masucci
We have Victoria Masucci
Very happily married mother of two
Self employed for over 20 years and former business owner
Voted Insurance Business Canada’s top 10 Women of Distinction
Huge life change resulting from the diagnosis of a life threatening illness of a child
Became a real estate investor at 53 years of age and a stock hacker at 56 years of age to ensure financial freedom (better late than never!)
Working towards bigger goals including letting others know about our journey to ultimate financial freedom (maybe a book, blog or speaking engagements – or all three!) and the eventual setting up of a charity
What I also found fascinating is the insurance program Victoria designed for folks like us – entrepreneurs and investors, and how she successfully included her children in her business. So without further ado, I give you Victoria.
One hater even took the time to detail all the challenges with options trading. Oddly enough we covered all the criticisms in the version 2.0 of the course and we made it available to past students for a whopping $100. And we’re donating a good bunch of that money to support health care workers. Am I all about making sales? Those who know me know the answer. Not nameless people who go posting online.
What these haters and people who don’t know me is I was raised by Asian parents, whatever criticisms the haters have my parents were tougher. In turn, Cherry and I give our best in everything we do, take responsibility, yada yada.
For example, my new friend Gino from Calgary took the original course in the fall, he’s been trading a while and taken other courses and he was kind enough to share his constructive criticisms with me. I was all ears. For many business owners, you know it’s often hard to collect feedback whereas Gino was very sharing and I took notes.
Now here’s Gino’s feedback on the all new version Stock Hacker Academy 2.0:
What a breath a fresh air to hear from someone (Lee Lowell) that approaches his trades in conservative matter and has a plan in place as in how to navigate the market if it starts going against you. I wish I would have known how to implement the rolling strategy a few months ago. I love his thought process when putting in a trade. Example not doing naked puts on stocks over 50 dollars and use spreads on more expensive stocks. Stay out when there are earnings reports. Never gamble with your money. Thanks Lee and I look forward to working with you in the future.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/05/Victoria-Masucci.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-05-29 16:06:232020-06-02 04:40:57Starting Investing in the Later Years, Both Stocks and Real Estate And Selfishly Customizing Legal Insurance For the Investor with Victoria Masucci
I lost $1,400 USD Stock Hacking while Cherry turned in another four figure weekly profit.
This competition or rather lack of competition is love serving eight. Terrible for me right? Combined we were still net positive last week ,and well, I made $2,100 on Monday so I’m on track to recover my losses and turn more profits in what has been a great side hustle for Cherry and myself. Especially during these trying times.
These trying times have caused some problems in our real estate too.
I’m quite sure the value of our commercial property has gone down since we purchased it in early February and the haters who surprisingly listen to this podcast will be happy about it.
I find it so odd haters would waste their time listening to this podcast and leaving me terrible reviews, thinking I’m all about making money, telling me about their dislike for offering Stock Hacking as an opportunity, as if the stock market is guaranteed to lose one”s money.
Whereas past guests of this show, like best selling authors Lee Lowell and Derek Foster, both have financial freedom from stock hacking and own virtually no real estate besides their homes.
If someone has success in the world of money making, I’m all for hearing more about it. As you long time listeners know we’ve had past guests in ecommerce and cryptocurrency.
A friend of mine who has a TV show shared with me he disabled all ability to comment on his content as he too doesn’t like reading negative feedback. I’m honestly the same, even though some of the negative posts are baseless.
Here’s what I mean. This is an example of someone who was pretty grateful to learn stock hacking, especially in the midst of crazy meltdown.
For a bit of context, after the market correction, I know a bunch of my friends who took the original course did not fair well during the correction. No different than many investors, including myself, as well as the top investors in the world. So we offered all past students to retake the all new 2.0 version of Stock Hacker Academy for $100.
Here’s what one student messaged me after taking the course a 2nd time.
“Man, you have no idea how much this means to everyone learning this. It’s literally something we’ll all be doing until the very end and will benefit our families. My premiums right now are helping my parents who have lost their jobs because of Covid. Many many thanks.”
At the end of the day, those who put in the work will be the most successful.
I know hundreds of people who lost money in real estate. I have too, but my clients and I have made a whole lot more money to make up for the losses. It’s why I ask guests about what works and what doesn’t, so we as a community may rise up and create better futures for ourselves, our families and communities we live in.
Speaking of supporting our communities, there are sectors of our local economies that are really suffering, restaurants, services, and tourism. If you’re able too, they could really use our patronage. Emma’s Back Porch in my own city just announced that, after 30 years, they are closing. Same with Crocodile Rock in downtown Toronto.
I really hope those business owners also own the real estate they are located in. The former is right on the lake, Crocodile Rock is downtown. There is a chance owning the real estate is a better investment than operating the business.
As a friendly reminder, that’s McDonald’s real business. Even though they’re a burger chain restaurant, they own most of the real estate their restaurants occupy and they often have great locations while they collect rent from the franchisees.
From Back Injury, Flipping Corvettes to Full Time BRRRR Investor with Manny Cabral
On to this week’s guest, my friend, client, iWIN member, real estate investor, Captain Manny Cabral.
He’s a great guy, for years he owned and operated a large scale construction company that even took on government contracts. One day Manny hurt his back and got a desk job running a car dealership. Manny loves cars and he’s got some good stories to share as he turned his passion into a successful side hustle importing luxury sports cars.
Manny eventually made the leap to leave his great job to be full time in contracting and investing in real estate.
What I really enjoy about Manny’s application of buying private sales is he doesn’t squeeze the seller for every last dime and instead shares what price he needs for the deal to make sense, for the work and risk he’s assuming.
So without further ado, I give you Manny Cabral of Simcoe House Buyers.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/05/Manny-Cabral.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-05-22 14:43:172020-05-22 14:43:58From Back Injury, Flipping Corvettes to Full Time BRRRR Investor with Manny Cabral
Happy belated mothers’ day and shout out to the dads pulling double duty!
My own mom came to Canada on a student VISA when she was 17 with my dad to finish High School at Jarvis Collegiate in downtown Toronto, a really bad area back then as they didn’t have parents here to give them guidance.
My earliest memories are of living in Scarborough, Ontario in a small 1.5 storey house, again in a bad neighbourhood near a bunch of government housing.
I’ll never forget the day my brother’s classmate ripped his Optimus Prime Transformer toy out of his hands after school. He had brought the toy for show and tell. The Principal wouldn’t do anything about it because it was done off school property.
This was a house my parents could only afford with THREE mortgages with interest rates in the teens. To make ends meet while my dad was finishing university, mom operated an unofficial bed and breakfast out of our home. She would rent out rooms in our home to friends of friends and make them breakfast in the morning. The original AirBnb.
Only now that I’m a parent trying to do right by my kids, getting them to eat their vegetables, not waste food, cleaning up after them (mind you I have a full time nanny), do I fully appreciate what mom did in raising us at a much younger age, with a lot less resources then Cherry and I have.
I was 12 years older than my mom when we had our daughter, I owned a house plus a couple investment properties and a successful, award winning Realtor business.
I have much to be grateful for with the mom I got so thank you mom and again, happy Mother’s Day to all the wealth hacking moms.
Update on the Cherry vs. Erwin stock hacking competition or rather lack of competition. Cherry eked out $1,600 USD victory. That’s how much she beat me by, not her one week return. I had a low four figure week, a great week but yeah. The score is now 8-0.
Because business for both of us is slower with less appointments we are partaking in what I call Corona trading which just means I am trading a couple hours per day, more than we normally would to take advantage of the current market conditions.
We won’t stay at this pace forever, but it’s great to have this added source of cash flow. And this is cash flow, the returns I’m sharing are realized gains and are cash.
Serial Investor, Ultimate Side Hustler, Real Estate Coach Tim Hong
On the real estate front, can we stand down the red alert on real estate?
Not to say challenges are not ahead, but much more is known now about the problems we as real estate investors face compared to two months ago, pre-march break.
Commercial is a sore spot, both residential and non residential. Student rentals will be a challenge as McGill and UBC announced many classes will be online. What that means for our student tenants remains to be seen as many programs require labs, group work, in hospital rotations, etc…
For tenants who are looking to rent something, the timing couldn’t be much better. Same for those who have cash and credit to buy. There will always be opportunities for some, so take advantage while you can.
For example, I have a family member looking to sell a starter home in the suburbs and buy a bigger condo downtown Toronto. The timing could not be better. Again, opportunity will always come to those who know where to find it.
Speaking of chasing opportunities, we have a legit wealth hacker as our guest on this week’s show – Tim Hong.
Tim house hacked his first home, a 2+1 bedroom condo by renting out 1+1 bedrooms to students as his first taste of investing in real estate.
Then he did rent to owns, bought an apartment building, invested in student rentals, then got licensed in real estate. Now Tim coaches investors, started a property management business, had a tenant offer non monetary rent compensation (I’ll let Tim explain that), and Tim has been trading foreign exchange currencies for 5+ years.
How’s that for a wealth hacker? I’ve also convinced Tim to do some stock hacking with his TFSA’s 😊. If there is an efficient means to make income, Tim is into it.
Tim is also a coach on my team at IWIN Real Estate and has been with me since I can’t remember, maybe 2012? It’s been a long time and without further ado, I give you Tim Hong.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/05/Coach-Tim-Hong.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-05-15 15:34:042020-05-15 15:34:05Serial Investor, Ultimate Side Hustler, Real Estate Coach Tim Hong
I hope you’re all staying safe and doing your thing to make cash flow and income no matter the situation.
For anyone keeping score at home, Cherry beat me again last week by about $1,600 US in our weekly stock hacking challenge. Elon Musk and his big twitter mouth got me and cost me a bunch of my profits. Cherry shook it off and continues to lead 7 weeks to nothing…
For you ladies listening please know this isn’t just for men.
For the men listening, Cherry and I are happy to hear you are encouraging your lady partners to stock hack. Wealth Hacking has always been about multiple streams of income and I’m so lucky that Cherry was willing to learn and practice stock hacking.
We thought me doing this would be enough, no need to double our efforts, but this has worked out wonderfully for our family and we hope it does for you too.
I don’t even have anything to sell you in regards to Stock Hacking as we won’t run another course till the fall.
In less exciting news, I let my kid cut my hair on Friday.
Cherry was sick of it but she wouldn’t let the kids shave my hair into a mohawk. The kids had fun till they got bored and Cherry took over and shaved my head fully. She says I look like a new man. For me, this is my first shaved hair job as confirmed by my mom, so it’s a new experience for me and I own a bunch of cool hats anyways 😛
I haven’t unveiled my hair cut on social media yet but I have a free training to host tonight on the subject of the #1 investment strategy: legal basement apartments.
Now I can’t wear a hat in a professional setting so I guess this will be the first public unveiling. The training is conducted online via Zoom since we must respect social distancing, but I can’t wait to host classes and meetings in our new offices once it’s safe to do so. I do miss the interaction, sharing and networking that goes on in person.
If you haven’t attended our free training, well that’s just silly. When done wrong, the costs are massive, we had a client who against our advice, brought with him his contractor team from out of town and he was never able to legalize his suite.
This is the only client who went against our advice and the only client we have who’s been unable to win using this strategy vs. the dozens and dozens of other happy clients we have with legal basement apartments.
Even in these challenging times, I only have one tenant who can’t make rent. You bet I’m glad I have mostly legal basements and student rentals and got rid of my AirBnb last year.
My rents are going up and prices in my market still manage to be up 5% over this time last year.
We have with us today a real estate investor and private lending specialist Susan Flanagan!
Susan is a seasoned real estate investor with over 25 years of experience. She has done everything from regular buy and holds, student rentals, rent to own, flips and along the way added creative financing strategies to build her portfolio.
She has also been lending her own funds for mortgages for more than 12 years, as well as using private funds for her various real estate projects. That experience has led her to becoming a Mortgage Agent and then a Mortgage Broker, specializing in “Private Money 4 Mortgages” which is also the name of her website.
Susan services two types of clients…. the person who needs a Private Mortgage and the Investor who has money to lend out for a mortgage.
She considers herself a “matchmaker”, connecting lender’s and borrower’s for a WIN-WIN scenario.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/05/susan.png7201080Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-05-08 19:41:252020-05-10 09:30:00Private Lending Update with Susan Flanagan
I hope you are all doing well and staying healthy in every way!
Yesterday we shaved my son’s head as it was getting a bit long. He’s got nothing on his dad as my hair hasn’t been this long since I was in high school as an avid Metallica fan. I had shoulder length hair back in those days.
I posted a picture on Facebook asking what my friends think I should do: grow it long or shave it all off.
I confirmed with my mom, I’ve never had a shaved head before. I know, to my memory, I haven’t shaved my head, but I wanted to confirm with my pre-memory days, pre-bowl cuts by my mom in our kitchen.
Literally a bowl cut, a steel bowl on my head to guide her scissors. I was definitely the coolest kid in school with a bowl cut and barely speaking English. My how far we have come….
We just hosted the all new Stock Hacker Academy to over 200 students this past weekend. As always, we are looking to improve over each and every event and this was no different. Thank you all for the kind words and feedback from both the new students and past students back for a refresher.
With over 400 students who went through the original program, we had loads of feedback from before which we implemented this past weekend and for the rest of the program.
It was a ton of work, but really rewarding. I’m recording this on Wednesday and I’m only starting to feel recovered. LOL.
Thankfully, it’s another winning week of trading while at home for both Cherry. It keeps us busy and we have fun. For anyone keeping score, Cherry is beating me at trading 6 weeks to nothing. We are close this week but we will see.
Real estate wise, not much to update, we had a fridge die in one of our rentals. This was from our executive rental in Etobicoke, west of Toronto.
These tenants rarely call since the house is newer so Cherry “manages” it if you can call it that. The phone call comes in, our first suspicion is it’s a problem in paying rent but no, it’s just the fridge.
In the grand scheme of things, the new fridge costs a lot less than one month’s rent. Our tenants are super grateful for a new fridge and missing having adult conversations as they chatted Cherry’s ear off. Having a great, low maintenance property with a low maintenance tenant with the income like a doctor makes this business a pleasure.
On to this week’s show!
Investor Greater GTA Market Update With A Whole Bunch of Awesome Realtors
As a real estate nerd, I enjoy reviewing real estate market stats.
However, we wealth hackers know, the stats are great for general consumption, but none of us are investing in average real estate and the smart money invests in investment grade real estate. This is why I reached out to some of the best Investor agents I know in the top markets for investing just outside the GTA since we all focus primarily on cash flow.
On this market update show, we have agents from east to west; Justin Konikow of Prime Real Estate in London, Rob Break who works the same real estate brokerage I do, Rock Star Real Estate, all the way from the East in Durham and Peterborough. Most of you know him from the Break Through Podcast.
To the great white north of Barrie, we have John Beddome.
Representing Kitchener, Waterloo, and Cambridge, from my own iWIN Real Estate Team, Tim Hong.
And finally, the duplex queen, from Hamilton, Tammy Ditomaso.
To me, this episode is a special treat as these are the agents I call when I want to know what’s happening on the street in regards to real estate for investors. There is a lot of fear out there which is why I brought this group together to update you all on what’s happening on the front lines of real estate and property management.
I hope you enjoy the show! Without further ado, I give you Justin, John, Rob, Tim and Tammy!
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.
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.
I’m losing count of how many of these Covid19, urgent episodes we are doing.
These are historic times and as such we are doubling our podcast volume so you, our listeners, get all the important information when you need it most.
This episode was recorded April 2nd and things are a moving target. I’ve seen rumblings of government packages for students and commercial tenants and we will make sure to update you all when we know.
Quick announcement, hopefully when you listen to this the opportunity hasn’t passed, but the all new Stock Hacker Academy 2.0 intro course, in partnership with best selling author Lee Lowell, the Godfather of Stock Hacking will be helping us teach all willing wealth hackers how to maximize return on investment after the stock market has crashed.
I’ve been waiting 12 years for the opportunity that will present itself in just a few weeks to invest in the stock market at the bottom, and Cherry and I want you all to benefit from the same opportunity.
Be strategic and take advantage of this once a cycle opportunity. Again, the last one was 12 years ago and this one may be an ever better opportunity. For details go to https://www.stockhackeracademy.ca/specialoffer note that discounted pricing ends April 23rd.
Property Management During Covid19 with Spotted Properties
This episode is with my friends, Ping and Andrew of Spotted Properties Property Management in Hamilton Ontario.
They are good guys, here to share how they are managing their tenants across their 600 – 800 door portfolio. They have a unique perspective and they manage quite a few student rentals as well.
Download the letter they sent out to tenants here.
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.
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.
My head was hurting, I was sucking wind, I had to take a seat on the curb while Cherry ran past me several times and completed the whole workout.
I only completed 40% of the workout which is really less than 20% of the workout since all the benefits are at the end when it’s most challenging.
This was three weeks ago after My 41st birthday had just passed. I love my wife and kids very much, it was just surreal to spend it without the rest of my friends and family.
Normally I don’t drink at all but when this whole social distancing thing started, I’d have a drink each night, everyone else was doing it so why not indulge, it’s my birthday two-week period after all. At least that’s the excuse I was telling myself.
Then the workout, a chilly sunny day at Cherry’s suggestion. Really it was more like she wanted to workout, suited up and walked out the door. She’s a leader by example.
We were doing planks, burpees, kettlebells, running etc… then I gave up and did not finish.
I can still count on two hands how many workouts I have not completed. The thought of giving up crosses my mind every workout, but since starting Crossfit, I’ve not finished under ten times, each time my body gave up before my mind.
Looking back this was no different, but at the time, thoughts raced through my mind about what went wrong, asking questions: how was my diet, my sleep, how much I’d been drinking?
This was my bottom, while on my hands and knees trying to catch my breath, I vowed, no more drinking, this is over.
Fast forward to this week, I redid the workout that humbled me, I completed the whole thing at a reasonable pace and even beat Cherry at something for once.
On the weekend while strolling with the kids we stopped in front of our local Play It Again Sports store, they wisely lined up all their home gym products in front of the window. Cherry called and ordered us more equipment and the store owner of course was grateful to do some business. Support you local businesses!
One of my biggest takeaways from this period is how grateful I am for Cherry. She’s my rock, my partner in all areas of my life, my accountability partner, we talk Stock Hacking, investing, marketing etc, and thanks to Covid19, she’s home more often to have dinner together as a family.
Here are some updates from our investing!
Our office is now painted, the same office we are calling the Wealth Hacker Hub and future meetup space for Stock Hacker Academy students. Hopefully it will be ready to host our friends and clients as soon as restrictions are lifted.
We’ve only had two of our 30 tenants not be able to pay rent for April, they just happened to be in the same property, a house with a legal basement apartment so we deferred that mortgage.
While driving this weekend I noticed the we haven’t used much gas this month. Not even half a tank in two weeks all the while our other car hasn’t moved in weeks while parked in the garage.
With all of our appointments moved online, I called my car insurance company to reduce my insurance to a parked car and they did it no problem. Sweet! Saving money!
With all this extra time on our hands, Cherry and I have been Stock Hacking a lot more.
Quick update, Cherry continues to cream me. It’s either 4 – 0 or 5 – 0. We’re going to have to stop tracking this soon. She made a couple thousand US yesterday so no contest, she’ll win this week again.
For those who remember Adriano the electrician, he’s not working either so he’s making a couple thousand each day stock hacking as well.
I spoke to him on the phone just now, he says trading is a life saver. I asked him to think if this was ten years ago and the virus hit and he didn’t have his stock hacking skills. Yeah, life wouldn’t be so good and Adriano wouldn’t be his usual cheerful self.
We were actually able to convince our skeptical, mutual friend Chris Zavarise of Hamilton, Ontario.
Chris is one of my general contractors and while renovating one of my properties, hired Adriano for the knob and tube replacement. That’s how I met Adriano about four years ago.
Chris now is loving Stock Hacking too, we couldn’t convince him to buy real estate but Chris likes this and is up 21% since he took the December class last year. He does it all from his cellphone.
That is how we roll, have something great to share and we share it to our friends and family.
Which is why we are proud to offer you all Stock Hacker Academy 2.0.
With all the Grant Cardone stuff we’ve done recently I tell my friends it should really be 10.0 because we are now partnered with Lee Lowell who will be teaching his four required strategies to maximize your return on investment after we hit the bottom of the stock market.
If you don’t know how to time the market or what stocks to pick and how to trade? We’ve got you covered as part of this program.
Students will receive Lee’s newsletter that he’s been writing for the last 15 years in plain English, detailed instructions on his trades so anyone can Stock Hack like an ex floor trader of the New York Mercantile Exchange on Wall St. in the financial capital of the world.
Discounted pricing ends April 23rd and the program begins April 25th, live streamed to your home. We’re all stuck at home, may as well learn how to make money from home.
Financial Planning For The Recession with Kathleen van den Berg
On to this week’s guest: Kathleen van den Berg, MBA, CLU, CFP.
I think she’s great because she’s one of the rare Certified Financial Planners who recommends owning real estate and she owns a fair amount of real estate too. I invited Kathleen to come on the show, asking her to share what advice she has for her clients during these historic times.
Kathleen’s bio:
I have the best job in the world … and I have a ton of fun doing it. I specialize in working with individuals and families to improve their monthly cash flow and build significantly greater wealth compared to their current approach. Unlike most other wealth strategists, I include real estate strategies as one of the 6 key components in clients’ wealth building plans. I implement a 6 step wealth strategy system with clients and routinely am able to create over a million dollars of additional income in retirement.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/04/Kathleen.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-04-17 18:56:062020-04-17 18:56:08Financial Planning For The Recession with Kathleen van den Berg
As you may know, I was dabbling in stock options and had a lot of early success.
So I took a deeper dive, hired a coach who in turn is my stock hacking mentor as he loves to share and teach me outside of my coaching time.
He was an ex-Wall Street options pit trader for seven years. He left the pit and moved to Hawaii to trade from his home in paradise.
Now he has been trading full time for 30 years.
He’s the best selling author of “Get Rich With Options,” known also as the “Godfather of Stock Options”, Lee Lowell.
His book was required reading for the original Stock Hacker Academy before attending the course. He literally wrote the book on the subject that became foundational reference material for all past and future Stock Hackers.
All the details are there and prices go up April 23rd so don’t delay.
The timing couldn’t be any better as Lee predicts the bottom of the stock market at only a few weeks away.
Needless to say, my Stock Hacking game has improved 10X. The skills I’ve learned let me use strategies that I’ve refined while dialing down my risk.
Lee loves to teach and share his experience and he’s invested through THREE major economic meltdowns and recoveries before the Covid19 related correction we’re in now.
I honestly don’t know anyone I’d rather learn from right now.
In real estate, I’ve always said, a real estate expert has invested through a full cycle. I’ve been through the credit crisis 12 years ago.
Lee has been through THREE economic cycles, hence his experience in managing risk through the current down turn and how to maximize returns during the eventual recovery has me beyond excited to maximize returns during this recession.
Yes, I love real estate. It’s the best investment in the world, however, the stock market dropped by close to a third and the real estate market in my target areas are on pause as physical showings and open houses have virtually stopped.
Personally, I’m taking this social distancing time to learn a new skill that will make me money from home. We’re all stuck at home anyways, may as well learn how to maximize returns while we’re here. I can’t even mow the lawn at my investment property right now if I wanted to.
As always, I love learning something new and sharing, especially with stock prices being so cheap right now and I’m beyond excited to announce the all new Stock Hacker Academy version 2.0 in partnership with Lee Lowell.
The course is entirely rebuilt from scratch in my vision. I’ve taken in all the feedback and lessons from the first course and 10X’d the new 12 month program in order to give our students the highest probability of success.
This isn’t for everyone.
Those who want to learn and are willing to commit to practicing will succeed. Lee and I are here to provide the education.
Only those willing should enroll, but knowing many of you came a long way in your real estate journeys, Stock Hacking is a brilliant complement.
My wife Cherry and I are trading HELOC money from our investment properties. All you need to do is take the course and own a smart phone.
As part of the 12 month program you get:
A two day live streamed course with Lee Lowell
All the recordings so you may re-watch whenever you want
Eight weeks of webinars where Lee will continue to teach new strategies and take your questions.
Lee’s Newsletter that he’s been writing for 15 years (I’m a paid subscriber and it’s truly excellent, the writing is in plain English, Lee is transparent with his trades). You can really tell he cares about his subscribers and has the skill and experience to limit our risks.
Monthly meetups at my offices for the year. I (Erwin) love to network and share, in person is best so we can all network with like minded Stock Hackers, look over the shoulder of a fellow stock hacker to get help, ask your questions live and in person. Nothing beats in person meetings.
Private online support group. We have months of questions and answers and interviews with Derek and Lee posted there. Stay in touch with your community 24/7!!
Quick Start Guide my team designed for Stock Hacking purposes! We will take weeks off your learning curve using the mobile app!!
The timing really couldn’t get better, the market is down around 20% and we have other opportunities right now!
The real estate market is on pause till the virus goes away.
Private lending rates don’t interest me when I can stock hack high yield dividend paying companies. Some of my favourite stocks are cash flowing via dividends of 7-10% with equity upside. Why would I private lend? We’ll cover this too in the course.
We’re all stuck at home anyways so may as well learn a side hustle that requires little time and effort.
You’re stuck at home anyways, may as well learn how to make money from home and the timing couldn’t be better with the bottom of the market only weeks away. The last correction was 12 years ago, don’t wait another 12 years for the next opportunity.
By the way, speaking of the Godfather of Stock Options, I proudly present to you my mentor, best selling author of “Get Rich With Options,” Lee Lowell.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/04/Lee-Lowell.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-04-08 15:59:152020-04-08 16:01:11🚨Emergency Series EP3🚨 Stock Market Update w Best Selling Author, Godfather of Stock Options Lee Lowell
I’m podcasting to you while in self isolation from my usual place, my home office.
My fourteen days have passed since we returned from a wedding in Florida, fifteen now at time of recording and no symptoms to report. We got home before all heck broke loose and self quarantine was required so we were just extra diligent about our self monitoring for symptoms while maintaining our distance.
I want to thank everyone for all the birthday wishes that poured in! I’m surprised I didn’t get any hate over what’s going on in the stock market but I did get a nasty iTunes review…
The difference a year makes… last year I turned 40 and Cherry surprised me with a big party at the place that serves alcohol, allows throwing of daggers, axes, and archery. You just can’t bring your drink into the action areas.
40 something friends and family attended. Fast forward to the present, I enjoyed one of my favourite meals, a whole ton of sushi out of takeout containers at my kitchen table with Cherry and the kids.
No cake, no family and friends, not even my brother, sister and dad who all live within an hour. My dad is a doctor and my brother has a biology degree so they know full well the importance of staying two meters away from non household members.
Am I disappointed? Way more disappointed in my stock market losses, but in the grand scheme of things, life is pretty good.
We have heat, a full tank of cheap gas in my car, we actually have too much food in the house as I’m receiving a quarter grass fed cow tomorrow.
I read somewhere to compare our everyday life to the King of England in the 1600 or 1800’s. I have a smart phone where I can google the answer to anything, watch cat videos, or Ripley’s Aquarium live stream of feeding their penguins.
I can get in my car and drive to the local Korean restaurant for my daily support of a local business and take out a lot of fine sushi. My expected life time is likely more than double that of a royal family member from the 1800’s.
My kids are vaccinated for many horrific diseases.
The richest man in all the world in the 1800’s didn’t even have air conditioning, hence physical distancing to me is not a big deal.
My kids are managing quite well. Our nanny keeps them busy playing board games, doing home work, riding their bikes in the court.
Kids are so resilient, they have so little life experience that what ever they’re doing they consider normal.
We bring the kids with us to the office that we are calling the wealth hacker hub to inspect the work and plan our furniture layout, colours, finishings, kitchen, most importantly our classroom, as we call it, where we will host our friends and clients.
Check out on my website www.truthaboutrealestateinvesting.ca or on my Instagram Erwin Szeto for my kids chasing the laser from my laser measure.
When sports are back on, I’ll have an 8 foot projector screen to watch the game with friends, talk real estate and stocks. It will be legendary.
Anyways, my kids will grow up thinking it’s normal to invest in the stock market, real estate, commercial real estate, etc…
They’ll understand economics, sales and marketing, risk management. All the basics of being an investopreneur.
They’ll grow up thinking being one’s own boss and owning assets is the path to financial peace vs. going to university and get a good job and pension.
There’s nothing wrong with that path, my baby cousin is on the path as he’s now a member of our Canadian Armed Forces as an aircraft mechanic and I couldn’t be more proud. However I’m raising renegades who will have no boundaries.
On to something about investing! We are finally turning around our stock hacking investments. I am down close to $40,000, however last week was neutral.
I just transferred more cash to my trading and account and we had a wonderful surprise, my wife Cherry funded her account and made a nice and tidy four figure return in USD, all realized profits.
We are having a friendly competition of he vs. she trader and she’s ahead of me this week as well.
It is anyone’s guess which way the stock market goes from here.
My best guess is we are a few weeks away from the bottom, things could get worse, yet I have positions that will profit in all markets, including having bought shares in a little company called Zoom. A lot of you working from home are likely now familiar with the company.
More on the all new Stock Hacker Academy version 2.0 with the Godfather of stock option investing next week.
Quick announcement, we have moved our highly demanded free training sessions on the #1 investment strategy in real estate online.
Normally we sell out in hours of an email going out. The room we reserved can only hold 50, as per fire code. However the show must go on.
This strategy, that will protect you in down markets and accelerate your returns in up markets, is a must know.
For now these classes are free, social distance friendly and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass
In the real estate world, the top 2 concerns are tenants not paying rent and to defer mortgage payments or not to defer.
Our JV partner went ahead and deferred one of our mortgages for six months with one of the major banks. All she did was phone in. Wait times are long but it was pretty easy.
Please do be sure to read and understand what you are doing. The best terms I’m hearing is the deferred mortgage payments are spread over the remaining years of your entire mortgage and not just the term, which to me is fantastic.
All lenders are different, so get your info directly from the lender. I’m lucky to be part of the iWIN community, so I’ll get all the real world updates.
Do keep in mind your other expenses: property taxes, utilities, phone, car. I’m hearing deferrals available everywhere should you be in financial distress.
Take care of your mental health, yes, however, taking care of your financial health will greatly improve your stress levels.
🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland
Tenants under financial distress and their ability to pay rent is the subject of this week’s interview.
This is the first in a series of emergency webinars. I’m asking friends who are leading experts in the community for favours to come on my webinar and podcast to share what they are doing, starting with multifamily expert and investor Sarah Coupland.
She is a talented multifamily investor, owner of https://tagproperties.ca/ with over 10 years experience. Sarah’s a friend, my regular go to for tenant challenges, and when you listen to this interview you’ll understand why.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/03/Sarah-Coupland.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-03-30 07:30:002020-04-03 15:34:52🚨Emergency Series🚨 Tenants and Rent with Sarah Coupland
We too at the Szeto household are self isolated. Sort of. My kids still play in our court riding their bikes but we’re washing their hands and faces when they come back into the house.
With libraries and community centers closed, the kids are finding it challenging to find things to do. On Sunday night, my daughter’s bangs were getting long so I gave them a trim.
Monday morning, she walks into my office and she had cut a whole bunch more of her hair off.
I don’t know how we last three weeks. And who knows when we get back to school 🤣🤣. I’m not complaining. It’s always been a gift to be able to work from home as much as I do.
I’m sorry I keep saying it but what historical times we live in…
Just an hour ago I had to talk an iWIN client and member off a ledge as his parents are advising him to stop using debt to renovate and add an income suite to his 2nd investment property, to avoid risk and hoard cash.
Let’s call him Joe. Joe is like a little brother to me and even though I owe him a duty of care as our real estate client and iWIN member, I didn’t mince words.
I told him to get the B**** rented. Risk? What risk is there if the place is rented and you’re cash flowing let alone making mortgage payments.
You want to talk about risk, how about only having a single income as a job, to me that’s risky. And worry about inflation. Everyone saw the Bank of Canada cut interest rates again.
For those who kept reading the news, they’ll have noticed that OSFI, the government agency that regulates our banks, reduced their capital requirements of the big six banks so they could effectively lend out another $300 billion dollars.
Cheap money and more money means inflation so grab a hold of your hard assets. Some gold and silver is great as insurance, no different than having some US dollars and cash of the paper variety. There is also real estate, of course.
Yes, there are definitely those out there who are fearful as they experienced high interest and hyper inflation. I personally don’t expect it here as that would cripple our economy and bankrupt a lot of Canadians. Something no politician wants to do.
My final words to Joe were that this is the time to double one’s efforts. Vacancy rates are so low I even suggested he start advertising the apartments right away so he may collect rent sooner.
Speaking of doubling efforts, my team is not sitting back. We are innovating and moving what we can to online, including creating our own virtual tours with permission from sellers of listed properties.
Our free training classes of the #1 investment strategy will be online. On a positive note, we can admit a lot more people into the webinar because we have less restrictions on room sizes and fire code.
Our monthly iWIN meeting will be moved online as well and I will still pay our AV guy Angelo because he’s a great guy and he just had his baby. I’ve asked him to still DJ the online event. I don’t know how that will work but if I’m paying, I want him to work 😊.
Our coaches will still be showing properties and looking for investments for our clients. Our real estate board was kind enough to send out tips on how to stay safe.
Besides investor Joe, there are investors out there shopping or who are ready to shop. One of our clients was offered 2.6% variable rate mortgage on an investment property. I would take that all day. lol!!
For the passive stock investor, there are already many great deals out there. One friend of mine is buying stocks, 10,000 dollars at a time each week as he is a long term investor and he’s not trying to time the bottom like I am.
I’m a long term real estate investor as timing the market has cost a lot of people a lot of money, so I buy houses when I have capital. I made more of an effort in 2017 when the real estate market was soft right after Ontario’s Fair Housing Plan came into effect. My guess is we’ll experience the same very soon as people are staying home and not shopping for property.
Quick update on my stock hacking, I’m down over one third of my initial capital so you’d think, ‘don’t throw good money after bad,’ right? Not us! Cherry’s account is now funded so we are both day trading which has been working out great as we are implementing strategies for a down market and we’ll be eventually moving even more line of credit money for bullish trades on Canadian dividend aristocrat stocks and the S&P 500 index.
Yes it does suck to have lost as much as I have, but I’m really excited for these next few weeks, maybe months, for the eventual reversal and ride the wave back up.
I missed out in 2008/9 which I regret, but this is also why we started and rushed out Stock Hacker Academy as I knew this was coming and I’ve never been more prepared.
I’ve said many times, those with cash and credit win in downturns. I’ll add to that, know how and hustle. It’s why Cherry and I continue to invest in our education and receiving coaching…
On to this week’s show!
Building Income Properties on Free Land with the Infill Boys
We have good friends of mine, Andy Tran, who I’ve been friends with since 2008, Charles Wah, I was in his wedding party, and Steve Ford, who is a newer friend, client and he’s the general contractor for our new office!! What a coincidence that they happen to be real estate investors too!
They are a team of three who are passionate about infill development projects, and are currently involved in several projects in the Golden Horseshoe. Each one of us brings a unique set of skills and experiences in development, design and home construction that can help you bring your project to reality.
Andy Tran has designed over 160 income suite conversions
Charles has developed land including over 150 houses
Steve has supervised the construction of over 1,000 houses.
They know their stuff, being personally invested in small residential developments, and are here to share how, including the #1 question: the cost to build per square foot plus all the fun soft costs.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/03/Infill-Boys.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-03-23 07:30:002020-03-20 17:49:43Building Income Properties on Free Land with the Infill Boys
Anything of importance affecting life, the economy, real estate?
No? Nothing?
Good, then let’s just skip straight to this week’s guest. Lol.
At least we will see some cheap gas prices at the pump! I jumped the gun and filled up on regular gas at 93.9 cents/L, an hour later it was below 90 cents.
I haven’t seen gas prices like this since pre Hurricane Katrina in 2005. I remember when all the gas stations had to update their signs to accommodate an extra digit as gas prices skyrocketed and never came back down below a dollar.
Cheap gas is great for more disposable income for the rest of us, but bad news for Canada’s energy sector in Alberta and Saskatchewan including delayed investment, job layoffs, more hits to their economy.
I’ll make sure to reach out to my Alberta investor friends of this show to get their insights into their local real estate markets. One of them, Edmonton investor Jared Hope shared how he just got a 2.59% mortgage for 5 years and is happy about that!
Some of you may have noticed we missed a podcast episode last week. Even though my family and I were away for a wedding, my team and I had the episode ready however our guest had to postpone her event she was promoting that included me as a speaker. So sadly, we will have to redo what was an awesome interview when we have new dates to share.
The event was planning to host a few thousand however based on studies of Coronavirus, staying away from large enclosed crowds makes a lot of sense.
The stock market is way down. I actually think it has more to give as we are only learning now how infectious this virus is.
Long term, I do believe this too will pass but the pain in the next three to six months could be significant as our hospitals are overwhelmed, factories are temporarily closed, and we can’t buy goods including prescription drugs.
I did just spend $644 at Costco yesterday on food plus socks for me that were on sale. No toilet paper though, but we have lots since I buy it whenever it goes on sale.
Bringing it back to real estate, it doesn’t take much to spook the market. There were very few buyers out there immediately following the Housing Fairness Plan.
I remember when I was looking for a property to buy in a great area, great condition, separate side entrance for easy basement suiting for a 2nd rental income. Three months earlier, that open house would have been a zoo, at least six or more offers. At the open house there was no one. Just me and the two listing agents.
I made an offer for under asking price with five business days for both financing and home inspection conditions as I was the only offer. The selling agents were great to deal with as I was their only “customer,” so nothing felt rushed. I even got a price reduction for some unforeseen stuff I found during the home inspection.
Fast forward to today and my team of investor Realtors have told me about 4,6,9, even 21 offers on a single listing. On one of our listings we have 2 offers on a property that was listed exclusively. That one went well over asking too.
My guess is we will see some softness in the real estate market when people are scared to buy a new house or they will be just too busy taking care of their kids due to school closures for Coronavirus.
If we didn’t just buy our office, I would be readying our mortgage qualification documents, ready to pounce on opportunity.
No different with stock hacking. I’ve transferred cash and patiently wait for opportunity. Cherry is opening an account too so we may both learn from this experience and hopefully create significant wealth like Brian Zammit, a past guest of this show who was able to retire his wife and stop working a job in 2011. You better believe I’m in regular contact with Brian Zammit and my coach.
This show has never been about getting rich quick or no risk or no effort, but rather the truths about investing. Yes, stock investors are losing money right now and, no, it’s not fun. I won’t be surprised if real estate prices decline or that we see another recession.
The other truth is I regret not having the knowledge of how to take advantage of the market correction in 2008 because I didn’t understand how it happened at the time. So I took responsibility that would never happen again. I’ve gotten myself educated, surrounded myself with the right people to be ready for this moment.
The year 2020 will be one to remember as both a terrible year and one of opportunity. I just hope you all stay safe, wash your hands, stay healthy, and make a massive difference for your financial futures.
Now, on to this week’s show!
Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard
Jamie and Leslie Collard are a husband and wife team who have spent the last few years building financial freedom through real estate acquisitions. Their focus in the past year has been on apartment buildings with an acquired 73 units.
They were able to “retire” before turning 40 years of age and now, they have the freedom to spend more time as a family, travel when they choose to and have no worries about their financial future.
Throughout their journey, they have become passionate about sharing with others how they used real estate to build their wealth. Because it was a challenge for them to learn the high level investment strategies in the business, they have created their own education series that will allow others to learn from the experts in the field.
Aaron Collard is their 15 year old son and wait till you hear what he’s up to.
Without further ado, Jamie, Leslie and Aaron Collard!
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.
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.
The views and opinions expressed by our guest Jamie Collard during this podcast episode are solely those of the guest and do not necessarily reflect the views or positions of our podcast, its hosts, producers, or any affiliated entities. The information shared by the guest is provided for general informational purposes only and should not be construed as legal, financial, or professional advice.
Any discussions or references to these cases or related matters during this podcast are intended to provide context and should not be interpreted as definitive statements of fact or legal conclusions.
Listeners are advised to consult with qualified professionals for any legal or financial advice related to the topics discussed. We make no representations or warranties about the accuracy, completeness, or currentness of any information shared in this episode.
By continuing to listen to this episode, you acknowledge that you have read and understood this disclaimer and agree that our podcast, its hosts, and producers shall not be held liable for any damages arising from the use of the information provided during this episode.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/03/Collard.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-03-16 07:30:002024-08-23 15:00:35Retiring Before 40, 73 Units in 12 Months with Jamie, Leslie & Aaron Collard
Our family made the best with yet another teacher strike day for an over night ski trip at a friend/s cottage.
Vacation properties sure do seem like a good investment these days. Even though this is a highly seasonal business, the income from summers and winter snowmobiling season seem to make it worth it.
My friend’s cottage is particularly interesting as it’s a wide lot so she’s looking into having it severed and building a rental property on it. It’s really interesting stuff to the real estate nerd such as myself.
My friend Monica and I are also really into stock hacking so we jumped in on a volatile market on Friday. Then Monday came and the financial markets pulled back a couple percentage points. It’s days like this I appreciate my very boring real estate portfolio.
Yes I had to order a new dryer over the weekend after one died and it’s a nuisance but the returns have and continue to be phenomenal. But you know what, both investments have way more good days than bad and as I learn more, I’m figuring more ways to add to my income.
Plus all us veteran real estate investors know what we all do when the real estate market pulls back like it did in 2009 and in 2017. That was to buy more as the fundamentals were all in place. I just look at the traffic on the roads, the packed Go Train parking lots, the packed shopping mall parking lots, my forever increasing rents and prices at all my properties to know where this is going.
I actually got into a conversation with a very old friend about his family cottage. The family sort of lost access to use of the cottage as his brother in law, moved into the family cottage with his young family. I can’t blame him, he’s young and affordability is off the charts.
Cherry and I have personally resigned ourselves to the fact we will have to cover 90% of the housing costs for our kids. I see no other way with the path Canada and the GTA is on. Job income has kept up with inflation rates but real estate has completely outpaced incomes and inflation. So as long as my kids’ housing is mostly taken care of, they don’t have to be mortgage poor. Life is about living and collecting experiences, not about existing to pay bills.
Stock Hacking update.
For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus to trade till after the conference. So since the conference has ended, I am averaging around 11% in the last 11 weeks. That is gross and not annualized and that is cash money.
However, now with the Coronavirus causing all sorts of issues, the market is down over 10% and I’ve given back all my gains and then some. Those are unrealized gains and I have not closed any positions. I’m actually adding cash to my account to enter more positions to take advantage of the eventual return, no different than the housing correction in 2017.
My lesson from the last recession in 2008/9 was we did buy one house, but my regret is not buying more, as you all know what rents and housing prices have done since 2009.
In 2017 after the Provincial Fair Housing Plan came into effect, I invested in two houses and suited both basements. It was wonderful to be the only offer on these MLS listings, offering prices below asking and including inspection conditions. Hindsight being 20/20, these investments have worked out wonderfully as rents are up and my property values are up as prices have now exceeded the peak of 2017 in my market.
Back to Stock Hacking, I may have to own some stocks like Microsoft, Nike, and Starbucks. In my humble opinion, they’re not going bankrupt and I’m hoping to get some stock at 20 – 40% discounts. Am I happy about the downturn in the market or my unrealized losses? No. Do I see this as an opportunity? Absolutely.
Here’s a quote that runs through my head in tough times “The stock market is a device for transferring money from the impatient to the patient.” – Warren Buffett. The quote works in real estate too, in my experience, I’ve seen buy and hold investors create more wealth than flippers.
We have some exciting announcements coming soon for Stock Hacker Academy: intro to options for non Finance professionals. Cherry and I have been reading books, we each hired a different coach and as always looking to bring everyday people the best of the best to help them be successful.
Partnering up with the God Father of selling stock options, we’re going to deliver a brand new Introduction Course. Stay tuned for super exciting announcements on Stock Hacker Academy 2.0.
In other news, following the completion of the Advanced course, Cherry and I and iWIN have no future plans to partner on projects with Theta Trading Co, Matthew and Omar. We would like to take this opportunity to thank them for their efforts and wish them all the best.
I’d like to also say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy.
We just had our fourth sold out class and we’ve only just started March. I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in.
Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person.
For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass
And yet another cool announcement,I’m speaking at this year’s Haste & Hustle event in Toronto on Wednesday April 1st. I get to share a stage with Sir Richard Branson. No joke! The speaker list is a knockout lineup of entrepreneurs and change agents sharing their insights and experience. Click here to get your ticket and use the code WEALTHHACKER for 15% off. Haste & Hustle is Shauna Arnott’s big event. Shauna also helps us with the Wealth Hacker conference and we’re so thankful to have her on our side.
Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart
On to this week’s show!
“Mike Rosehart is Canada’s Youngest Early Retiree, an Ivey Business Graduate, Youtube Social Media Influencer, Entrepreneur, and a Real Estate Investor in London, Ontario with an 8-Figure real estate portfolio comprising of over 50 buildings.
Mike is an expert Joint Venture Strategist with a wealth of experience in finding off market private deals, flipping, renovating, and managing the bottom line – focused on cost control and maximized return on investment.
Starting from humble beginnings without a dollar to his name, Mike bought his first property at 19 and built his portfolio up to over 17 properties by the age 24, using the BRRRR Real Estate Snowball Method.
He retired from his day job as a Senior Analyst in IT Business Consulting in 2017 and has been enjoying Financial Independence ever since. Mike believes ANYONE can unlock F.I.R.E. and that Real Estate is one of the best vehicles to expedite the journey to freedom and maximize returns through leverage (cheap debt).
Mike believes the secret to building wealth is simple: Spend Less, Earn More, and Maximize Returns on the difference.”
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.
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.
Happy (belated) family day and for my fellow Ontarians, happy strike and PA days. I do have to start off by saying thank you to my public schools and teachers. We have more labour peace when I was going to school and because of it, I know how to ski. My parents didn’t ski so it was our public school that took us skiing and organized our lessons. I mention it because I’m just getting back from a four-day week that included yet another PA and family day at a friend’s cottage in Huntsville.
I’m not a fan of winter cold but enjoy sports and being outdoors. More importantly I want my kids active and knowing how to ski so they can ski with friends when they are older. Cherry my wife signed the kids up for lessons and they both did great. Cherry got lessons too as this is I think her third time on skis.
Learning to ski as an adult is way harder. With our largest mass, gravity pulls us down the hill faster and higher center of gravity makes balance harder and the falls much worse.
OK, warning, proud parent moment. My oldest Robin was phenomenal. By the 2nd day she was skiing down entire runs independently. By the third day, she was learning how to do parallel turns and we rode the “red” chair lift together a few times which was significant as it went to the more challenging runs and away from the beginner hill where all beginners were learning to ski.
While riding the chair lift together, we had some time to chat, I explained to Robin how proud of her I was. She was proud that she’s better than her mother, I explained she’s better than I was at her age but she needed context. Robin had three, one hour long private lessons in three days. Mom and dad never had the same privilege. None of her grandparents ski nor took us skiing so I learned in group classes at an older age on school trips. I asked her if she thought group classes or private lessons are better and which cost more. She replied with the correct answer, I told her it’s the same with her private swim lessons and I let her know how her parents didn’t have the same opportunity which is why she’s the better skier.
Stock Hacking update. For those who have followed the podcast for a while you know I’ve been stock hacking since September but didn’t have much in funds or time to focus on trading till after the conference so since the conference has ended, I am averaging around 11% in the last 11 weeks. That is gross and not annualized and that is cash money. I can spend these returns. Understandably I am extremely happy with these results and am inspired by the students of the Stock Hacker Academy. Stay tuned for the next course offering!
I’d like to say thank you the fans of this podcast for attending our Free Training Classes on the #1 Real Estate Investment Strategy. We just had our fourth sold out class and it’s only mid February. I’m especially honoured by the attendees who made it all the way from Ottawa, Ontario to attend the class. FYI that’s a five hour drive. Another young lady choose to fly in. Sometimes I forget to appreciate the vast amount of knowledge and quality delivered in those free 90 minutes and it was great to meet fans of this podcast in person. For now these classes are free and I personally attend them so if you want to come by say hi, learn the #1 investment strategy that is practiced by all the top investors I know including today’s guest then you’ll want to sign up at https://www.investortraining.ca/freeclass
Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr
Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years.
Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year. Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes.
Ryan has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.
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.
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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/02/Ryan-Carr.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-02-24 07:30:002020-02-21 14:40:40Full Time Investing in a Dozen Properties Per Year and Updates with Ryan Carr
This is a real estate podcast so I guess I should talk about real estate once in a while 😊
Cherry and I purchased the biggest real estate deal we’ve ever done. A commercial office condo in Oakville that will be home to our businesses in Accounting, real estate and Stock Hacking to meet with clients, host meetings; teach, network and coach current and future wealth hackers. We’re playing with names such as the iWIN Hub. A coming together, one stop shop of awesomeness in the most effective ways to invest.
Commercial office space is a different investment. We got a great deal on our space, it’s over 4,000 square feet and as we duplex most of our investments, we have doctor tenants who currently rent half the space to help cover our mortgage. As this is the biggest investment we’ve ever made, it’s also the largest and most expensive long term mortgage we’ve taken on.
Like all investments, we are excited, overwhelmed, and scared. Yes scared. It’s not like our regular residential real estate where we renovate to suite basements or make ready for university students and the rents cover all our expenses leaving us with cash flow.
In this case our businesses have to generate additional income to cover the majority of the mortgage payments plus all the operating costs of a commercial space.
Plan B if we fail is a sizeable negative cash flow if we had to rent out the space. The combined rent would not come close to covering just the mortgage. Plus we would likely have to redo our already expensive mortgage for a more expensive mortgage if we the owner did not occupy the space.
Like any and all investments we’ve done such as the Wealth Hacker Conference, the ugly house with bad electrical and leaking basement I didn’t have inspected, bought firm without Cherry knowing. And the next Wealth Hacker Conference this coming November 2020, we move forward in fear. Our vision of helping 10,000 Canadians become millionaires by investing in real estate and stock hacking is bigger than our fear.
My goal of leaving $10,000,000 to the Hamilton Basket Brigade is bigger than my fear so we push forward through fear. That same $10,000,000 we leave to our registered charity will be invested via stock hacking to provide a 10% yield of cash flow to provide the poor children of Hamilton warm clothing, food and toys each holiday. 10% of 10,000,000 is one million dollars. So what if we are afraid? The outcome is bigger than our fear and we don’t 10X without this risk.
The great thing is I know we’re not alone. I have an unbelievable partner in my wife Cherry, my team at iWIN Real Estate. Cherry’s team as her Accounting practice. We have all our clients, students of Stock Hacker Academy, attendees of the Wealth Hacker Conference who hopefully will tell a family member or friend about this podcast if they want to take control of their financial future.
Or if they are beyond the interest stage and want to learn more, we are currently offering FREE training classes on the #1 investment strategy. The same strategy that’s been discussed a million times on this podcast and practised dozens of times by our clients, my team and myself personally. These classes are newer so they will be free for now but we will be charging soon so please don’t delay, we sold each and every class in less than 48 hours. The first two were an hour and three hours each… all the Feb classes are sold out so don’t delay.
Investing For The Golden Years, Applying to Live in Space with Karen Cumming
This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming
You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv – a station based in Hamilton that also serves Niagara and the GTA. Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.
There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.
Karen is one of what’s known as “The Mars 100” – 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One.
Long before her space adventures, Karen became involved in real estate investing back in 2008. You remember – the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.
Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario. Soon after, she joined the Real Estate Investment Network – “REIN” – in order to learn what she needed to know about becoming a successful landlord. Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.
Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.
Here’s where things really get interesting. Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.
She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life.
Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.
They felt ill-informed and ill-equipped to make the decisions that had to be made. And they knew that they weren’t alone. Thousands of baby boomers across Ontario are in the same boat.
In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.
It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” – now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.
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.
infinitywealth.ca – 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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/02/Karen-Cumming.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-02-17 07:30:002020-02-14 15:18:19Investing For The Golden Years, Applying to Live in Space with Karen Cumming
Tonight is date night!! Yes, tonight Cherry and I will have our schedule date night tonight and I’ve planned for us to become Marvel Avengers to save the galaxy from whatever galactic evil is trying to destroy earth. In virtual reality 😊 No I’m not crazy, not more than usual. If you’re not familiar with virtual reality games, we’re going to Rec Room, a Chucky Cheese for adults with games, food and drink.
For this particular game in virtual reality, we wear a headset with a display and earphones to immerse us inside a game as if we’re in this virtual world. I just watched the trailer and it looks like we get outfitted with Black Panther suits and fight Ultron along side all my favourites: Hulk, Spiderman, Iron Man, etc…
What’s funny about super heroes is they are all reluctant heroes. At some point, the all gave up their responsibilities that come with great power. As you know, I adore super heroes, of course I have no power but one day a switch went off in side me I had to stop playing small in order to help more people.
It’s partly what drives me to make this world a better place through educating every day Canadians to take control of their financial futures. And of course to fight my arch nemesis: child poverty and hunger via our registered charity the Hamilton Basket Brigade. It’s not easy but someone has to do it.
If anyone out there is looking for a romantic partner, this is how supportive my wife Cherry is of me. Tonight at 6:30pm at the Mississauga Library, we have another sold out free training class with 85 registered to learn about #1 investment strategy of basement apartments.
We practice it. It’s the highest return on investment strategy there is. My team and I have implemented dozens of them ever since they were made legal and likely to have done more of them in our target investment neighbourhoods than anyone else.
Cherry is so supportive, she’s coming with me while I give my portion of the presentation then we may go on our date night. Cherry values date night over gifts so this is really important to her but she’s willing to make this sacrifice for my business. Pretty cool eh!
Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook
Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate. His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200. Fast forward to today and this same townhouse is selling for $399,000.
The moral of the story, don’t be stricken by fear as it will cost you. Since then Chris has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals. His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted.
Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf. Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.
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.
infinitywealth.ca – 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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/02/Chris-Hook.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-02-10 07:30:002020-02-14 03:05:27Ecommerce vs Real Estate vs Stock Hacking with Chris the Captain Hook
We had our first free training class teaching the number one real estate investment strategy this past weekend. The first class sold out in 30 minutes which resulted in a wait list of over 250. We then sent an invite just to the waitlist for class #2 which sold out in hours. Numbers 3 and 4 will also be to the waitlist and by then hopefully we can offer up free training classes again to all of you on my email list again.
At the class, my team shared the how to’s of investing in real estate specific to basement apartments, a strategy implemented by almost all guests of this podcast, myself personally, and the majority of our clients at iWIN Real Estate. In case anyone does not already know, I own a real estate business that helps everyday people from the Greater GTA invest in real estate. We treat our clients like family setting them up with the same power team of professionals we use personally to give the highest probability of success.
If you or your friends and family are interested in learning the best practices on investing with the four time Real Estate Agent of the year in 2015, 2016, 2017, and 2018. Add to that all the lessons we’ve learnt from over 100 of the top investors in the country from producing this podcast. We’ve helped people with no experience grow to portfolios of ten or more properties. If interested, you can register at www.investortraining.ca/freeclass
How to Build a House in 30 Days with Kaush Nanubhai
Speaking of successful clients, we have Kaush Nanubhai returning to the podcast. When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto. Fast forward to today, he’s quit his day job and gone full time real estate investor. Kaush is here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver. The house is currently being finished on the inside, including adding a basement apartment.
This basement apartment strategy sure is popular!!
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.
infinitywealth.ca – 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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/01/Kaush-Nanubhai.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-02-03 07:30:002020-01-31 20:44:24How to Build a House in 30 Days with Kaush Nanubhai
Getting motivated is like showering, you have to do it regularly for it to be effective. I’m paraphrasing what my friend Russell Westcott shared with me so I thought I would share this quote that meant a lot to me after reading on social media how humble it is to NOT broadcast one’s charity efforts…
“Your playing small does not serve the world. There is nothing enlightened about shrinking so that other people will not feel insecure around you. We are all meant to shine, as children do. It is not just in some of us; it is in everyone, and as we let our light shine, we unconsciously give others permission to do the same. As we are liberated from our fear, our presence automatically liberates others.” — Marianne Williamson
For you wealth hackers who are scaling up, you can’t possibly do so without getting attention. You need attention from potential joint venture partners, private money lenders, for hiring team members, or finding buyers for your wholesale deals. If you plan on scaling up, you need to put yourself out there, including your charity work.
To each their own. If they want to share publicly what they do with their charity efforts, that’s OK. Making anonymous donations is totally fun, too. If you’ve never done it, try it. It’s not hard to scroll through social media to find a worthy cause. A friend of a friend told me once how their gym friend is a single mom who has a great daughter. As all parents do, they want their kids to have opportunity, this young lady loved hockey. Hockey is expensive, so what did this friend of a friend do? They offered mom gift certificates to pay for hockey equipment. She declined. The donor then reached out to the hockey coach and mailed him the gift certificates under the agreement he would remain anonymous to the child.
Here’s a note from the single mom, “Her first game going into the arena was such an awesome moment for both of us and her last game (which turned into 2) was so awesome! She showed such bravery but wanting to try goalie again and for another team of people she did not know! It was a very proud momma moment and one which I know will continue to build her character in all the important ways. Thank you so much for the role you played in this, it really means a lot to us (she still doesn’t know it was you).”
Needless to say, this friend of a friend was happy to play a small part.
If you ever want to lead, leading by example is one of the best methods. And if you ever post anything on the socials with you doing something awesome, know that you inspire me.
No idea where I was going with that but let’s talk about kids.
My daughter received a small digital camera for Christmas. She loved it. Loved as in past tense because I took it and hid it from her when she wasn’t looking. The camera comes with some retro, basic games including a snake. If you owned a cell phone from around the year 2000 you know what I’m taking about where you control a snake to eat food while avoiding walls and your own tail.
Anyways, my daughter was obsessed with the camera and when she didn’t have it, she wanted it. She’s like her dad in that I’m addicted to my smart phone and social media. I’m not happy with my own issues nor do I want my kids to be addicted to screen time like their old man. So I hid the camera and my daughter’s attitude and emotional control immediately improved. We found the same to be true when we got home from the cruise ship eating a diet free of regular ice cream.
See problem, fix it. My kids get very little screen time each week. Almost none during school days which is why my son was able to sit with Cherry and I while having lunch with Greg Habstritt for two hours last week. He had his toy monster truck and sat quietly taking in his new environment.
Now, I have no idea what I’m doing as a parent. I’m hardly well read in this area, but one of my neighbours is a Psychiatrist at our school board. ADD and related drugs prescriptions are on the rise, so Cherry and I will do what we can to raise healthy kids. Including leasing a minivan without the tv package the car sales person told us was a must.
Like anything else us wealth hackers are faced with, see problem, create solution. Don’t want to work forever or retire broke, hustle today to invest for the future, however you know to best invest. Including investing in coaching which leads us to this week’s guest Elizabeth Kelly.
Lessons From 8 Years of Teaching Real Estate with Elizabeth Kelly
Elizabeth is a friend, Real estate investor for 15 years, specializing in Buy, Rent and Hold, Rent to Own and Flipping strategies. Legacy Trainer for 8 years, Investment Coach for 4 years, Founder of Sandstone Property Management (Kirkland Lake), Member of the Executive Advisory Council for Ontario Landlords Watch. I give you, Elizabeth Kelly.
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 go deep.
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…
One barely used tactic for higher appraisals…
If you’re frustrated, unsure of how to get started, this is for you.
infinitywealth.ca – 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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/01/Elizabeth-Kelly.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-01-27 07:59:002020-01-24 20:12:41Lessons From 8 Years of Teaching Real Estate with Elizabeth Kelly
We have exciting news relating to the Wealth Hacker Conference coming soon! We are about to sign our super amazing keynote speaker and venue, we’ll release details and early bird priced tickets soon.
The feedback was off the hook, we received over 300 comments, emails, DM’s on how it was one of the best conferences they’d ever been too. Even from veterans of real estate conferences who had been to dozens of them. If you ever doubt yourself, that the David within you can’t beat Goliath, just look to the Wealth Hacker Conference
Cherry’s an immigrant to Canada at 16, her parents literally made all their money with their hands, hard work and hustle to put her through school. I’m a child to immigrants, a mediocre student in school, and this was our first conference on a whim. The biggest investment of time, money and grief in our lifetime. I still question why we want to do this again! 😛
Anyways, Cherry and I have a goal to eat even healthier and cleaner. My picky ass wants better tasting food too so I’ll eat more (I was under-eating for quite some time by not taking the time to prepare more food and by not sitting an eating properly).
As with anything, if you don’t like reality then change your reality. We hired a personal chef to cook our meals for us for the week, choosing only fresh and natural ingredients with quality products and cooking oils. Poor quality anything equals trouble for my weak stomach.
Needless to say, this is the best lunch and dinner I’ve had at home for some time. The food lasted us a full week, as we still do eat out time to time.
Well worth the investment! Added bonus is Chef Roxy is a Red Seal Chef who is a dynamite shopper who gets all the best price matches.
We pay an hourly rate, this took Roxy 4.5 hours and cleaned up after herself. This would have taken me 9 hours and the kitchen would still be a mess! LOL. The pictures and videos are on my Instagram and I recommend you do not look if you are on an empty stomach!
Cash Flow In Toronto, Executive Condos, Triplex Conversions with Ming Lim
On to this week’s guest. He’s an old friend from REIN and his name is Ming Lim. He’s a real estate developer, investor in Waterloo and Toronto, Realtor, smart guy who just left his full time job to be in real estate full time. I know a lot of you out there are looking for a path out of your full time job and Ming is here to share his along with how he’s able to cash flow in Toronto.
Ming and his friends are also hosting a conference that’s coming up really soon, February 1st. He’s here to share about that too. Details are (below) in the show notes so go check them out. Website is www.volitionprop.com/quickstart
Date And Time
Saturday, February 1, 2020
9:00 AM – 5:00 PM EST
Location
Ryerson University
245 Church Street
Where Should I Invest?
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place. We’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast. I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors from the Real Estate Investment Network and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want, but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients featured on this podcast will even make an offer conditional on a home inspection so they can beat the competition and have a chance to view the property before making a final decision.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants who never call you. You can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests, Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
infinitywealth.ca – 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.
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/01/Ming-Lim.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-01-20 07:30:002020-01-17 20:00:55Cash Flow In Toronto, Executive Condos, Triplex Conversions with Ming Lim
We are back after a well deserved vacation and holidays!! In early December we took a trip down to New Orleans, Louisiana for a day before hopping on a nine day cruise in the Carribean. Yet another amazing trip, we went to Jamaica, Belize, Grand Cayman, Mexico, and Honduras not in that order. Some of the highlights were visiting an animal rescue with monkeys, Scarlet Macaw’s, hugging a sloth, feeding iguanas and ocean carp, relaxing on beautiful beaches, visiting a turtle farm and getting into a wading pool with the kids to pet sea turtles.
In true frugal nature, we booked all these excursions privately as in not through the cruise ship. With cell phone roaming being so much cheaper than the old days, I was able to research the top touristy things to do and we took taxis or public transit to keep costs down. But cost money everything did.
I have been doing a lot of thinking about the psychology of money lately. What is it people think about money for example those old sayings: “the best things in life are free” or “money can’t buy happiness.”
What is the truth about these statements? I believe both are partially true and there is a spectrum of how true each statement is to each of us. Lots of great things are free like sunshine and public beaches. What isn’t free is the car and gas it took to get to the beach. Then the picnic you packed, it’s less expensive but hardly free. Then if you’re a hard core parent and buying everything organic the costs go up.
It’s true that money can not buy happiness BUT, big but, once you progress from being broke, to getting by, to financial security, to independent, to financially free where you no longer care about prices on the menu at a nice restaurant. That would make me happy.
Our cruise trip was hardly free and we could not possibly replicated fun in the sun here in snowy cold Canada.
Speaking of money, while on the trip, whenever in port and my data roaming was available, I would stock hack. For the week and a half that I was away, I earned just over $1000 in a week in a half with a $60,000 bankroll. It’s still a small bankroll while I wait for my corporate account to be opened to stock hack even more as I pursue earning six figures in 2020 in only 30 minutes per day. I personally really enjoy stock hacking as I find it fun like playing a game but I’m getting paid. Also reading on economics and business helps with my real estate as I follow the geopolitical stuffs going on in the world and how it ultimately affects our Canadian real estate. For example, conflict in the middle east is a risk to oil supplies causing the price of oil to go up. Canada has a lot of oil that we export. More exports is good for our economy. The better our economy, the more incomes go up and as incomes go up, rents and real estate prices go up. I’m over simplifying and we need to see significant increases to oil prices but I hope you get the point.
I wake up each morning excited to see what’s going on in the markets and can’t wait to try to get this income stream anywhere close to my real estate investments.
Real estate does indeed offer a higher return with more effort however I truly find stock hacking and real estate go wonderfully together. If you’re interested in learning more, keep an eye out for the next beginners program which is delivered live and in person. The online program will be launched in Q1 however in person is always best for learning in my opinion as you’re attention will be undivided and you’ll meet and network with other like minded investors. At the last event, a friend of mine, a real estate investor connected with a doctor also in attendance with significant funds and wanted to JV in r8eal estate. They booked a meeting. These opportunities only come live and in person, not online.
Speaking of real estate, my last acquisition, a house in Hamilton near McMaster University is now leased for the May to April 2021 school year. I’m super excited as we set some new market highs in rents getting $650 per room above grade and $550 for basement rooms. I was proud to walk the students and parents through the house pointing out all the renovations, brand new electrical, the renovation permit, where we went above and beyond to cancel noise and create fire separation. Plus an egress window in the basement which is not required as we don’t have a kitchen in the basement. The feedback was excellent, questions and objections were limited and that’s what happens when you put in 110% into a property and can be proud of the work.
Thank to you Manny and Matt Cabral for the renovations.
If you’re looking to earn more active income in real estate in 2020, we at the iWIN Real Estate team are growing. From the success of the Wealth Hacker Conference and our membership group, we could use more help servicing our real estate clients. If you are looking to be more involved in investment real estate, have your Realtor license, you have a great attitude, already own some investment property, highly motivated and live west of Toronto, let me know you are interested. DM me, call me, email me your resume at iwin@infinitywealth.ca and let’s talk about how we can help even more people be successful investing in real estate. Making a difference in peoples’ lives.
If you’re a real estate investor looking to learn from the #1 investment strategy in real estate, the same strategy I’ve repeatedly done for the last few years the produces the highest return on investment, keep an eye out on your inbox for our new Free Training Classes. If you’re not already getting my podcast to your email and show notes to your inbox letting you know when new episodes of this show are out that’s just silly. Go to www.truthaboutrealestateinvesting.ca/ , enter your name and email on the right to be notified of our free training event where we teach the #1 strategy that has been discussed on this podcast by professional, full time investors almost every week.
$600,000 in 6 Years Part Time with John Roumanis
This week’s guest knows all about maximizing return on investment and just as important return on time. John is an old friend, a very successful part time investor in Hamilton and the Niagara Region as he has a full time job in Toronto that he loves. This recording was originally done in 2017 and is the #1 downloaded episode of all time for this show. For those who want real estate as a side hustle, that’s totally fine. So without further ado, I give you John Roumanis.
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast and I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients features on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.
For any of the above, go to www.truthaboutrealestateinvesting.ca/contact, fill out the form and one of the coaches I’ve personally trained will get back to you.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
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
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/01/John-Roumanis.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-01-10 18:00:002020-01-10 23:19:35$600,000 in 6 Years Part Time with John Roumanis
Yes!! I finally bought myself something I’ve wanted for ages!! A Sony PlayStation 4. It’s been on my Amazon wish list for a few years and I finally pulled the trigger and now giving it away.
As the holiday approach, we at the Hamilton Basket Brigade are into full swing to answer the wishes of 30 in need families in Hamilton. How do we find the families? We go to the public and catholic elementary school boards and ask them to give us their families who have it worse than anyone else. We’ve had a long working relationship with both wonderful, very supportive school boards, administration and teachers.
As much flack as the teachers and schools get in the media… in our experience, they go above and beyond to help us help those in need. As the saying goes, it’s better to give than receive, and a family of six that just lost their dad will enjoy this more than I will. Hopefully they can at least enjoy a mental escape for a few hours. I know how much getting a Nintendo from my parents meant to my brother and I when we were just kids, and for me to gift the PS4 to someone else in need means more to me than enjoying playing games myself. Plus video games will kill my already terrible productivity. 🤣 Anyway, the Leonard family (not their real name) just lost the man of the family, the sole income provider, leaving behind mom and six kids (including 2 under the age of 2). As the President of the Hamilton Basket Brigade, as tradition, my team assigns me a special case for whom the budget needs to be broken for and we did just that to the tune of 3X. Cherry and I will donate the 2X so the charity stays on budget. As usual, I didn’t tell Cherry about my spending spree until after and, to compensate, I explained the PS4 is something I always wanted, it’s for me, the only Xmas present I want, and it’s my preference to give it away. Call me nuts but whatever, I’ve always preferred to give than receive. Other stuff for the Leonard family: laptop, hover board for the only daughter, clothes for the whole family. Toilet paper (it was on sale at Costco so why not). For anyone who still thinks money is the root of all evil… well, I don’t know how else these gifts get in the hands of those who need it most. Get your mindset right on money. If you’re a good person, get more of it to give away.
As always, actions speak louder than words, so I’m not bragging but rather stating facts. On behalf of the Wealth Hacker Conference, Cherry and I have donated $10,000 to the Hamilton Basket Brigade and will make a 2nd installment of $20,000, for a total of $30,000. We are now 75% of our annual operating budget and we proudly retake our position as the number 1 donor of the Hamilton Basket Brigade. It was no easy feat as our friends Matt Green and Scott Dillingham are extremely generous individuals. One a successful entrepreneur, the latter an ultra successful mortgage professional and real estate investor. Only those with wealth are able to make such sizeable donations. Special thanks as well to James “MBM” Maggs VP of iWIN who firmly holds 4th place on the all time donations list.
If you’re looking to earn more active income in real estate like a James MBM Maggs, the iWIN Real Estate is growing. From the success of the Wealth Hacker Conference and our membership group, we could use more help servicing our real estate clients. If you are looking to be more involved in investment real estate, have your Realtor license or looking to get one, you have a great attitude, already own some investment property, highly motivated and live west of Toronto, let me know you are interested. DM me, call me, email iwin@infinitywealth.ca with your resume and let’s talk about how we can help even more people get into investing in real estate. Making a difference in peoples’ lives.
Collecting a Million in Rent, Starting at Age 26 With Evelyn Lamarsh
On to this week’s show!! We have a special guest in Evelyn Lamarsh.
Evelyn, who was on stage in front of almost 1,600 at the Wealth Hacker Conference and is one of my first clients, emailed me this morning: “Hey Erwin, Just for fun I keep track of my total rents paid over the years. As of this year, tenants have happily paid me over one million dollars in gross rents! 🙂“
Whenever I hear people tell me their reasons they can’t or don’t invest, I think of this 26 year old, single woman will a small amount of life savings who pushed herself out of her comfort zone and bought a century home with a spotty roof, leaky basement, knob and tube wiring, in a historically rough area, and a street that shared the same address as many of the steel mills in Hamilton.
Evelyn had the courage to push through all the reasons in her head why she shouldn’t buy this house. I’m sure many non investors told her she was crazy and she did it anyways. For those who invest in the West Harbour of Hamilton know how history went, that same house has nearly tripled in value and this is Evelyn’s story via flash back to this episode we recorded in 2016. She’s since acquired more houses for a total of ten, with plans for more in 2020. More importantly, husband Mike was able to retire from his job as car mechanic to work a 15 hour work week to maintain the properties and spend lots of time with their two young kids.
This is the truth about real estate: a 26 year old woman, on her own, can go onto accumulate a portfolio of ten cash flowing properties. I proudly present to you, our super star client, Evelyn Lamarsh.
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast and I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients features on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.
For any of the above, go to www.truthaboutrealestateinvesting.ca/contact, fill out the form and one of the coaches I’ve personally trained will get back to you.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
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
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2019/12/Evelyn.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2019-12-15 23:05:302019-12-15 23:05:30Collecting a Million in Rent, Starting at Age 26 With Evelyn Lamarsh
For those of you who attended the Wealth Hacker Conference, thank you again for the outpouring of positive feedback. It’s been quite overwhelming. The performance of this podcast in downloads is quite humbling as well as we are now 50% above our 2019 monthly average. We will have announcements soon regarding the Wealth Hacker Conference of 2020 as we are engaged with certain elite level Wealth Hackers to keynote our next conference in the fall of 2020. We are definitely looking to 10X from an already 10X’d 2019, so stay tuned, subscribe to this podcast where ever you listen to podcasts, or better yet subscribe to our email newsletter at www.truthaboutrealestateinvesting.ca so you can receive the latest episodes of this podcast and have all the show notes and links so you don’t have to scramble and take notes while you’re listening.
One of the biggest lessons for me in 2019 was because of the quantity of time Cherry and I spent working and investing, we had to make a concerted effort to at least improve the quality of our time together as a family. I’m a bit of a workaholic and on my phone way too much at times, so one game we started was if the kids catch mom or dad on their phones at the table during meal time, they would get a sticker. 5 stickers earned them a present, so both parties were highly motivated to police the no phone at the table rule and I’m very frugal and don’t want to spoil my kids more than they already are.
The kids also get a sticker each time they finish one of their workbooks as homework. Again, five stickers equals a present of their choice. As usual, I have no idea what I’m doing, and I’m trying to incent the kids to do work so they understand work equals rewards.
Funny enough, my daughter keeps asking if we’re doing another conference… imagine that. A five year old’s context is to put on a major event each year and to speak to thousands. Will be interesting to see where this goes.
This week’s guest is my friend Andrew Hines, and this is a great episode. We talk about developing real estate and where the development market is going, high end student rentals, how Andrew didn’t have to invest in disaster properties to receive great price appreciation, the importance of having a great mentor, and borrowing private money to invest with. Again, a great episode.
Andrew Hines is a real estate investor from Burlington, Ontario and he’s primarily invested in London, Ontario. As of the time of publishing this interview, Andrew has a approximately $4,000,000 in real estate holdings and is the host of The Andrew Hines Real Estate Investing Podcast.
Andrew advocates the use of the BRRRR method to achieve financial independence, and he has become quite proficient in construction management, building, and development due to his value-add approach to real estate investing.
Andrew owns several companies, including a construction general contractor, and has built out multiple investment property units in Southwestern Ontario Canada.
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast and I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients features on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.
For any of the above, go to www.truthaboutrealestateinvesting.ca/contact, fill out the form and one of the coaches I’ve personally trained will get back to you.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
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
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2019/11/Andrew-Hines.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2019-12-03 01:05:212019-12-03 20:28:54Flipping, Developing, Building, Podcasting, BRRR’s, High End Student Rentals at Barely 30 Years Old With Andrew Hines
Thank you all again for feedback and support of the Wealth Hacker Conference! I still haven’t gotten back to all the overwhelmingly positive feedback, and also thank you for the constructive criticisms. Our objective from day 1 was to provide the attendees value, so expect the next conference to be even better. On a future episode I’ll share some of the truths about conferences. It’s not the prettiest story, but I’ll save that story for another time.
Welcome to all the new listeners! We are currently experiencing a new level of downloads, about 50% above our previous monthly average in 2019. If you are new to this podcast and are enjoying it, you can sign up for our email newsletter with my show write ups, show notes, and new episodes right in your inbox so you never have to miss an update or great guest. We have another great one today with a six time best selling author, but we’ll get to Derek shortly.
If you’d like to help shape the Wealth Hacker Conference 2020, let me know who you’d like to see as our keynote speaker next year. Tag me @erwinszeto on Instagram or facebook so I see your feedback. Remember, this conference is for the people and we will reach out to speakers based on who the people want. We’ve already started reaching out to major influencers in business and investing.
Speaking of keynote speakers, Grant Cardone was our keynote for the Wealth Hacker Conference that just passed. Grant was great to work with and well liked by his team and community, hence I made note of how he interacts with people. Grant says people don’t actually like him, they like how he makes them money. For those who enjoy money and the options money provides, you can understand what he means. When I give money to charities, they are always most appreciative. They don’t like me per se, they don’t know me, but they like what I do for them.
Back to Grant, as big and as successful as Grant is, he doesn’t act like it. On our scheduled phone calls, Grant would still ask me if I had a couple minutes for him. On Nov 9th at the Wealth Hacker Conference, Grant and family took their private Gulf Stream jet (I hear they’re $60 million to buy, plus pilot, plus fuel, plus jet parking) to Toronto. We sent them a limo to pick them up from the airport, and when Grant walked in to the Toronto Congress Centre with his beautiful wife he greeted me like an old friend and asked if I had a couple minutes to discuss his thoughts about his coming keynote talk.
My response was of course, “Yes Grant, I have more than a couple of minutes for you 😊”
Contrast that to the cold calls, emails, and messages from random strangers selling me themselves as speakers, or negotiating ticket prices. I felt like sending them each a link to How to Win Friends and Influence People by Dale Carnegie, as basic manners seem lost on many.
One of the rules of the Wealth Hacker journey to success is inch by inch, not mile by mile. If a star like Grant can talk to anyone like a guest in their home, then I’m going to as well.
How 6 Time Best Selling Author Derek Foster Retired at 34
On to this week’s show!
We have a very special guest in Derek Foster of Ottawa, Ontario. He’s happily married with eight kids. Derek jokes it’s because Derek doesn’t have a regular job and neither does his wife, so they’re home a lot, hence the eight kids. Derek is a six time best selling author, and my favourite book of his is Money For Nothing And Your Stocks For Free because he introduces his strategy for option selling.
If you’re new to investing in the stock market, I recommend you read Derek’s books as they are written at an introductory level for a grade schooler. I wish I’d read these books when I was younger, as I’d be further ahead.
Anyways, I’m a big fan of Derek and it’s not easy to get him as a guest, so I bought of bunch of his books to get his attention, and I’ll be giving away to iWIN members. Derek explains on this show how his strategy worked, the mistakes he made, and his biggest wins. How he lost 75% of his savings before finally getting himself properly educated.
For anyone who thinks stock options is risky, Derek shares his own experience, strategy and stocks he’s trading.
Disclaimer time!
This service is provided to you for informational purposes only and is not investment advice to you or any other person. We are describing the investments we have made for ourselves and is reflective of our own circumstances. Your circumstances are different and any discussion here is not intended to be and must not be considered to be a recommendation for you to make the same investment(s). Consult an adviser or dealer licensed in your jurisdiction before making any investment decision.
Derek is a nice guy and so am I, I hope. FYI, Cherry and I made a $10,000 donation on behalf of the Wealth Hacker Conference to clothe, feed and provide presents to Hamilton’s most impoverished families. We’re still processing payments from the event and will make a second $10,000 donation for a total of $20,000. That’s enough to fund an entire holiday budget for us to support 40 families or, our preferred metric at the Hamilton Basket Brigade, Best Christmases Ever. I’m not bragging, however I do believe actions speak louder than words and we Wealth Hackers, we will be the change we want to see in the world.
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast and I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients features on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t and often they’re less expensive.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
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
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2019/11/Derek-Foster.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2019-11-25 17:00:192019-11-25 17:00:22How 6 Time Best Selling Author Derek Foster Retired at 34
There’s so much going through our heads in the last 48 hours.
As excited as it was for us on Saturday at the Wealth Hacker Conference, we didn’t start out that way.
Our journey started off around the time when Cherry’s grandma passed away. A small idea was planted by Maryanne Gillespie, Erwin’s coach, to host free classes to share the idea of building long-term wealth through real estate investment.
We discussed and we brainstormed, nothing really firmed up and Cherry took off to Hong Kong to attend her grandma’s funeral.
When Cherry arrived at Hong Kong after her 16-hour flight, Erwin already recruited a bunch of his friends, most of them are real estate experts, to join him on hosting an all-day educational event.
Talking about taking action, I’ve never wasted time to take action!
That was the beginning of Wealth Hacker Conference.
In February, we attended 10X Growth Con at Marlins Park Miami, part of the 32,000 people who attended the event. We were completely blown away by the 10X philosophy, but we had little idea how much 10X Growth Con affected our own planning.
We hired an event planner, Shauna Arnott, who’s also the host of the event Haste and Hustle. She brought up the idea of bringing Grant Cardone to Toronto.
Grant is a real estate mogul. His philosophy is about investing in himself and building long-term wealth. He’s all about taking responsibility of our own lives and 10X the goal and effort to achieve the 10X goal.
Grant was a great fit, but … would his personality get along well with our humble Canadian crowd?
When in doubt, Erwin turned to Facebook.
He posted the question and asked, “Would you like to see Grant Cardone or Robert Kiyosaki?”
The rest is history.
We had a delay booking Grant, then we had competition. Then we had problems firming up a venue.
We wanted to deliver the best value, instead of just another real estate educational event.
Erwin reconnected with his friend, Omar Khan, who has been tirelessly sharing his simple stock investment strategy with everyone around him.
Omar has lived his life on his terms. He spends most of his days managing his properties and trading stocks. Almost no one has seen him speak in public before.
We know that the world needs to hear him sharing his virtually unknown investment strategy, but we had our doubts about him early on. Can we put Omar on stage to speak to 1,500+ attendees?
Our ticket sales weren’t exactly how we expected in the summer. Our marketing agency decided to leave us before the end of summer. It was tough, but it was a blessing in disguise.
This was the turning point for us. A light bulb went off in our heads. We realized that both of us needed to step up, take charge, take responsibility and promote.
If this event is our version of 10X, we gotta 10X our effort to 10X our results!
It wasn’t easy. From writing the emails that you see everyday, to posting on social media strategically, to driving for a few hours to present at different venues, to interviewing Grant Cardone in person in Miami, we spent a lot of time, effort, money and tears along the way.
Is it worth it? Hell yes.
We have grown to become someone that we have never thought possible. We now come to appreciate the value of our network and our list 100X more. Thanks to Tom & Nick Karadza, who taught us about building and nurturing our list, before we even started having any businesses.
Are we done yet? We hope not.
We still have a message to share. We still want to continue to help you to build your long-term wealth.
We still want to make sure you can take control of your financial life, quit the job that you’ve always wanted to quit, pay for your children’s education, and travel around the world.
Are you newer to real estate investing or unsure of what to invest in next?
Would you like to know where the best areas to invest are near the GTA for the best return on investment?
Then you’ve found the right place, as we’re here to help everyone from new investors to seasoned professionals. We have helped 100’s of everyday men and women buy their first investment property to their tenth property. It’s easier than you think.
My name is Erwin and you may know me as the host of this podcast. I’m also the owner of the iWIN Real Estate Team, the four time Realtor of the Year to Investors per the Real Estate Investment Network, and Canadian Real Estate Wealth Magazine.
My team of investor coaches are licensed real estate professionals who help everyday, hardworking men and women from the GTA grow their real estate portfolio in the most efficient way possible. You are welcome to use any professionals and contractors you want, but you’re welcome to our personal rolodex of professionals, the same people I use to become a successful real estate investor.
If you’re too busy, we understand. You have better things to do, have dinner with the family, watch the kids play sports. What we do differently is we will preview properties on your behalf to pre-screen only the ones that are ideal investment properties. Many of our clients featured on this podcast will even make an offer conditional on a home inspection so they can both beat the competition and have a chance to view the property before making a final decision during a professional home inspection.
After the purchase, we can refer you to our favourite property manager who is a former police officer with 20 year experience with the local police department. He also happens to be well over six feet tall and 220 pounds with a keen eye for finding you great, worry free tenants so tenants never call you and you can go on enjoying life knowing your investment is taken care of. As an added bonus of being our client, he only takes referrals from our team. This property manager is the most well reviewed property manager I’ve ever seen in my city.
You can’t get financing? You’re in luck. My personal mortgage broker is the best I’ve ever seen in my investing career. You may just be talking to the wrong people about a mortgage whereas my guy has more relationships with various banks and lenders others just don’t, and often they’re less expensive.
You don’t have enough down payment or earn enough income? On my first properties I partnered with my ex in-laws. If you don’t have family to partner with, then I would suggest you learn how to hack stocks like my past podcast guests Omar Khan and Matthew Todman. They both earn a mid-six figure income in only 30 minutes a day by getting paid to own blue chip stocks at prices they want anyways. It’s almost money for nothing and as Robert Kiyosaki says, a must for the professional investor.
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
What a week I had last month!! Fresh off Thanksgiving, it was already a short week and I took a 6am flight to Miami, Florida on Tuesday for my meetings with Grant Cardone and Steve Spray at Cardone Enterprises. Honestly, I don’t usually book my own flights. Cherry usually does, or my travel agent, but being ultra frugal at times can cost me in different ways than money, and this time it did. Getting up at 2am for a 6am flight really cost me a lot of energy on Tuesday, so let that be a lesson learned for next time.
Hotel check in time is not until 3pm, so arriving at noon wearing in a suit jacket in humid, 28 degree celsius weather, while dragging luggage with me is hardly practical…
Thankfully, I was able to check in early, at noon (Thank you Courtyard Marriott). I felt like crap, so I had a nap and did some work until my 3pm meeting with my videographer, Dorian Nash.
Dorian is a good guy, a 25 years old from Michigan who moved down to Miami to get out of his comfort zone, and make more money to pay off his student debts from college. Sadly, he could not find his path in college. He did study Psychology, but they didn’t teach him anything about the Psychology of Success (That’s the title of a wonderful book by Brian Tracy that I highly recommend).
Dorian’s story is not uncommon. He went to college, it hasn’t helped him in his career, but he’s still paying off the debt. He asked me on camera what I would advise someone who is 25 years old and my advice doesn’t change.
Invest in yourself first, get educated in areas where you can provide the most value in your current situation, assuming you like where you work. Look at who makes the most money in your organization, then request to take on similar duties. You’ll notice whoever makes the company the most money or saves the company the most money earns the highest incomes.
My path was no different when I worked in corporate: I explored ways to transition into the Sales Department as our Sales Executives all made six figure base salaries and very lucrative bonuses based on performance. I was highly inexperienced when I checked the job description, so I made the move from Operations to Product Management.
In a software company that sells software products, those who manage the products are valuable and my salary increased by over 40%. Increased salary meant more savings, more RSP matching, more credit for mortgages for investment properties or funding your stock investing account.
Many people start out trading time for money, so you may as well trade your time for as much money as possible. I was no different and Dorian is no different. Then we discussed real estate and stocks. As he’s still in debt and doesn’t have a downpayment for a property, I suggested stock hacking and he’s definitely interested. He’ll start small just like we all do, but it’s better to start and start small then not at all.
Anyway, as mentioned, I was in Miami, Florida to meet with Grant Cardone’s team and to interview Grant for my podcast. For me, it was an awesome interview. I took a week to prepare my five questions I had to submit in advance. I wrote a sixth on the spot then had to freestyle, as I think Grant was enjoying the interview and we went over the 20 minutes I was allotted.
We discussed how to avoid burnout, how he’s raising his daughters and their education, why he shows off so much with his Rolls Royce and private Gulf Stream jet plane, why people hate him and why people love him. The lovely Elena Cardone walked in during the interview as well so I couldn’t help but ask her if she’s coming to Toronto on November 9th and spoiler alert, she is.
Elena Cardone is totally underrated as an influencer by the way. She has so much presence, it felt like Julia Roberts walked into the room when she did.
I’m getting side tracked, on to this week’s show!!
Ready, Fire, Aim Real Estate and Stock Hacking w/ Habib Olawale
We have my friend Habib Olawale of no surname 🙂 Habib doesn’t share his surname on social media, so to respect his privacy I’ll leave it out here as well.
Habib is a real estate investor with properties all over the Greater Toronto Area. His strategy is not quite refined, but he’s bought mainly new construction condo apartments spread out over the Greater Toronto Area. He’s done some stock investing as well, as he explains, but I think it’s safe to say his strategy was hardly sophisticated.
We met over social media, as Habib reached out after being a fan of this show. He came to an iWIN meeting in July, saw the presentation by Matthew, Omar and Adriano, my stock hacker friends and ever since, Habib has been obsessed with stock hacking.
Habib took the first Stock Hacker Academy course in September and to date has made himself over $10,000 as a beginner stock option trader. Note, he’s made far more on his real estate. However, even Habib wouldn’t recommend anyone follow his strategy, but the most important part is he got started.
For anyone interested in taking the same Stock Hacker Course Habib did then save the dates Saturday and Sunday Nov 30th-December 1st for the in class portion of the next Stock Hacker Academy.
Two books mentioned: Money for Nothing by Derek Foster Get Rich With Options by Lee Lowell FYI – both authors are expected as future guests of this show
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
My first home work out didn’t go well. 
