What you didn’t know about Cherry.I have a lot of people asking me about my relationship with Cherry as we work so well together in building a couple successful businesses, a real estate portfolio, a stock hacking portfolio and our registered charity the Hamilton Basket Brigade. On top of that, we have two happy and healthy young kids.
How do we get on the same page? It starts with Cherry being just as driven as I, She’s quite bright. Cherry was honour roll at Waterloo University, top 60 in Canada in the UFE exam (exit exam for all Accounting students) and the first honour rollee in the history of the firm she worked at. Cherry is also ambitious. I’d argue some days she is more ambitious than me in pushing even me for higher levels. It was her idea to register the charity so we could level up both our legitimacy and increase our fundraising by providing charitable receipts. It was my crazy idea to host a conference with Grant Cardone as the headliner but Cherry shocked even me when she was on board at the hop.We support one another and have regular mastermind meetings on business, investment and personal. We rarely say no to one another. For example, Cherry wanted to move our home closer to work to cut down our commute so we could spend more time with the kids. That comes with a big price tag and bigger mortgage payments, something that’s against my core values but when I saw the house and Cherry reminded me it was her dream to have a view of water, something switched inside me, all bets were off and I was negotiating the offer to win. Losing was not an option. We weren’t even actively looking as we are switching over a bunch of our investment properties out of our personal names to a corporation so we can get more mortgages for more properties. Crazy eh?That brings me to a learning lesson I’d like to share. Be cautious of who you accept investment advice from. A mortgage agent advised a real estate investor we know that Accountants just want to sell corporations to make money. The flip side however is some mortgage agents can’t offer you a mortgage in a corporation. It’s a tricky situation as corporations do come with costs but you know what? All the rich people I know personally invest in real estate and stock hack in a corporation.This is hardly advice, I’m just sharing my opinions and observation of my rich friends.
How A Former Teacher, Now A Contractor Buys Off Market Houses to Duplexes And His New Found Six Figure Side Hustle With Rene Masse
Speaking of rich friends, this week our guest is Rene Masse.His parents were school teachers. Rene went to school to become a teacher, didn’t last a week and became a full-time contractor and real estate investor. His focus was largely student rentals and no more on converting single-family homes into two-family homes.Rene is also a successful graduate of www.stockhackeracademy.ca where he’s achieved over $100,000 in returns this year, his rookie year as a stock hacker.For anyone interested in learning more about how to create a six-figure life skill, I will be hosting demos again in the new year… To register go to https://www.stockhackeracademy.ca/demoI present to you Rene Masse
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To Follow Rene:
Facebook: https://www.facebook.com/renepaulmasse/Facebook work: https://www.facebook.com/getbetterreturns.caWeb: https://www.getbetterreturns.ca/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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/12/Rene-Masse.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-12-21 17:05:142020-12-21 17:05:17How A Former Teacher, Now A Contractor Buys Off Market Houses to Duplexes And His New Found Six Figure Side Hustle With Rene Masse
Oh, where to begin! We bought a house so we are moving to be closer to our office so our kids can be closer to us. The new house checks many boxes for what we were looking for… It has a pool, backs onto a pond, a walkout basement, an inlaw suite, fully renovated, great schools in walking distance. It’s kind of funny to see my handyman working at my house more than ever. Normally, all our investment properties get all the investment. We never even painted our house when we moved in. It’s now finally getting painted seven years later!
It’s a funny thing to move homes!My kids were born here and my vision was to leave this house to our kids for when they want to settle down but plans change. I look forward to the challenge of maximizing the sale price of our home to minimize the size of the new mortgage. Because I don’t practice being a realtor on a regular basis, I will enjoy the opportunity to practice my sales skills like I did when I listed our investment property and sold it for over asking, firm last month.As a concerned parent, I’ve asked some friends about kids moving schools including super apartment building investor Brian Pulis of Pulis Investments. A REIT of apartment buildings.Anyways, one of the silver linings of the pandemic is my kids can’t play with the neighbour’s kids and only half the students of their class actually attend in-person classes as my kids do. Now, the new house has a pool, the parks are bigger and closer to home, and the rear pond freezes in the winter for pond skating so we’ll have lots of fun things to do at the new house.As the year 2020 is winding down, I’ve done a lot of reflecting with Cherry and my team on how this year went by fast and at the same time, I think we aged at least three years. I’m looking forward to slowing down in December to recharge as it’s been quite a sprint. Even without doing a conference this year, we still did a bunch more than we had planned to do. We delivered a series of emergency webinars with tenant management experts, Cherry a government subsidy expert, Diane Digiandomenico my super property manager friend.Thankfully the government stepped in with CERB and rental income started coming in.We talked several investor clients off ledges. I had one client tell me his mentor sold all his investment properties and he was asking me why I wasn’t doing the same… in hindsight, we got lucky and we had our best year for price appreciation.Stock Hacker Academy in partnership with Lee Lowell was a massive success.We have one more proven method to help hard-working Canadians create a six-figure side hustle aside from investment real estate. We actually had feedback that Cherry and I’s big hairy audacious goal of helping 10,000 folks create six-figure hustles for themselves was too low. LOL. The website is www.stockhackeracademy.ca. I know many of you are skeptical which is totally cool. I was too and just like real estate, the most common regret among stock hackers is why didn’t they start sooner. It’s not the worst thing to wait, our last course was the best we’ve delivered to date and our next will be the best as well as we roll out additional education modules to ensure the success of our students. 2021 will be a big year for our wealth hacker community and I hope you’ll be a part of it. Fingers crossed we can deliver a live and in-person conference late 2021 and if not then, early 2022. I’m already working on another major keynote speaker and stupid excited about it.
How Dave Knight Got Started in Real Estate, Graduated to Wholesaling and Flipping, and Giving Back to the First Responder Community
Dave Knight is a full-time Police Officer who outside the workplace has been able to grow a multi-million dollar rental income portfolio…He has since written a book, audiobook and created a course intended for first responders to expose the many possibilities to invest in real estate.Full disclosure, Dave is a past client of ours, a friend and like all my friends I’m teaching him stock hacking so he may share that with his community as well. After all, everyday heroes need six-figure side hustles too and thank you to all first responders for your service.
Help us reach new listeners on iTunes by leaving us a rating and review!
To Follow Dave:
www.911wealthnetwork.comhttps://www.facebook.com/dave.knight.5815https://www.instagram.com/daveknighter/?hl=enBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/12/Dave-Knight.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-12-11 17:19:372020-12-11 17:19:40How Dave Knight Got Started in Real Estate, Graduated to Wholesaling and Flipping, and Giving Back to the First Responder Community
Hello, my fellow wealth hackers!!For anyone new to the show, I consider a wealth hacker one who invests in real estate, stock options, private equities, and maybe a bit of infinite banking. These, plus a business that produces income, are the assets of the rich. If you don’t believe me, simply google “Tiger 21”, a network of individuals with 10 million or more of investable assets and have a look at the member surveys of their asset mix.
In my experience, learning from the rich is a great way to become one of them….If you’re on my email I’ve included a link to a CNBC article: https://www.cnbc.com/2019/12/19/heres-where-the-wealthiest-investors-are-finding-opportunities.htmlSpoiler alert: The top three weightings in order are, real estate, public equities (aka stocks and stock options hence we stock hack) and private equities. Personally, I’m way more real estate heavy but otherwise, I’m inline because of my stock hacking and the private equities I invest in for real estate developments and apartment buildings for more diversification within real estate and within Ontario. LOL I know that sounds kind of funny. I’m pretty sure any real financial planner would not call that diversification. However, in my experience, the returns are tough to beat.If you want to email us for a referral of where I personally invest for real estate developments and apartment buildings please feel free to.For those looking for something to read, one of my mentors recommended that I read “Who Not How”by Dan Sullivan, the famous coach to entrepreneurs. I listened to the audiobook at 1.5X on my commute to work. It’s not a heavy technical read so I found the audiobook easy to consume. I now find myself saying who not how a couple times each day to team members, my kids, Cherry, etc…The book is about how we as investopreneurs often focus too much on trying to learn how to do something versus who already has the skills, experience and know-how…I mean that’s how we built iWIN real estate. Our clients are mainly from the GTA, regular Canadians with have busy careers, kids and family. They don’t have 10,000 hours to master real estate investing and build a team like we have. Hence we are their who. They leverage us as their who to help them hack their wealth vs the folks who read 50 books and watch or listen to thousands of hours of YouTube and podcasts. Their focus is on the how. In my experience, I’ve had a lot of success hiring experts to either teach me or do the job for me. Like my golf coach who shot +1 when we played 9 holes together on the weekend. I’ve locked him up for the next two months for coaching. The cool part is less than one day of my stock hacking returns paid for it.Just like my last week’s returns will pay for next year’s golf membership. That is what I’ve learnt from the rich when the cash flow from your investments pays for your expenses.So whatever part of wealth hacking you’re interested in, feel free to sign up for my newsletter and see what we have going on.For Example, January 23rd is our next iWIN meeting, the cost is $20 and it all goes to charity. Clients attend for free. Cherry and our insurance guy will be presenting on the subject of infinite banking, a common practice by my rich friends. My lawyer Hussein will also be in attendance to give any legal perspectives and I’ve sent him a bunch of screen captures I’ve taken from social media from people trying to raise capital. I’ve asked my lawyer Hussein to comment from a securities law perspective so we raise capital safely without massive investigations and fines.
If you are interested in getting more information, go to www.truthaboutrealestateinvesting.ca, enter your name and email to subscribe and you’ll be informed about all our upcoming events and how to get in touch with my team that’s taken me well over 10,000 to assemble. It is our goal to be the who for generations of future wealth hackers, owners of multiple six-figure side hustles.
3 Side Hustles For Multiple Streams of Income: Real Estate Syndication, Hedge Fund, and Realtor with David Sun
Speaking of side hustles, our guest this week is David Sun, who is a Princeton graduate.Yes, he’s American, an engineer who does engineering-type stuff for his day job and he has three serious side hustles, four if you count that he owns a single rental property… I guess that counts. Four side hustles.David is a general partner in an investment real estate syndicate, a structure required for multiple investors and large projects such as a student rental residence with hundreds of bedrooms. David is a part time Realtor and he has his own hedge fund, an alternative investment of pooled funds where he employs stock option strategies to actively increase returns for his investors.David is also a husband and dad to young kids.I suddenly feel lazy.I present to you David Sun.
Help us reach new listeners on iTunes by leaving us a rating and review!
To Follow David:
Web: www.thetradebusters.comBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/12/David-Sun.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-12-04 18:11:182020-12-04 18:11:213 Side Hustles For Multiple Streams of Income: Real Estate Syndication, Hedge Fund, and Realtor with David Sun
Hello, My Fellow Wealth Hackers!A quick share on something that’s always served me well. I have an open mind, it’s something my dad taught me as he comes from a science background, to be inquisitive, but not naive. It’s served me well as an investopreneur as there are naturally tons of ways to lose money. I’ve lost lots of money on poor investments, bad contractors, bad employees, bad Marketing and social media services. I’ve had dentists try to sell me expensive work I didn’t need (my dad’s old business partner is a dentist. He’s very out of the way for me but I’ll make the trip for a second opinion not once but twice). I’ve had a Realtor tell me a sixplex needed $70,000 to increase the property value by $200,000 yet the property had been listed for two months already and was being sold by a well-known slumlord. He didn’t know who I was nor my buddy who is a Fireman as we stared in amazement at the wood fire escape that looked ready to fall off the building and didn’t even have steps that made it to the ground by about 10 feet.
Anyway, one of my mentors is investing heavily into Bitcoin which has been on a tear. Personally, I’ll wait for a pullback before getting in but I did purchase some Ethereum and I’m up around 60% ROI in just a week. I also own some gold and gold miner stocks. When smart people who have an extensive track record of making money share advice with me, I listen, research and take action. Saying no is also action… I say no way more than I say yes plus I have Cherry to vet my ideas since she sees hundreds of tax returns. She knows where people make and lose money. It’s that simple. And by track record, I mean at least ten years. With great references… And not because they have a youtube channel or a podcast.This week we’re going to the mailbag to answer some questions.“Hey, Erwin! Love the real estate podcast but I’m also interested in the stock hacking side as well. Just curious on average what amount of money is invested for these kinds of returns?”A: No different than real estate, returns vary between real estate investors. For example, this week’s guest Mat Piche makes more money on his investments than I do. Our appreciation might be the same but he has his own construction crews, own home staging, etc…From what guests have shared on this podcast, Joel Arndt who works for me is averaging 4% per month since June and just did a 7% cash return in November. Ron Esteban, a school teacher who will be returning to the show is averaging a couple thousand dollars per week.Kris Lewis is averaging 1-2% per week since April I think. Michael Bugg, a veterinarian was averaging just over $3,000 per week.Of course, the past does not predict the future.My real estate client Andrew is an outlier as he’s shared with me he’s returned 200% as he correctly invested in mostly electric vehicles manufacturers and some stay at home stocks. I honestly don’t even want to share these grand slam returns my friends are getting because it’s crazy but it’s the truth.
Myself, it’s been a great month, I’m up 20% in November. I realized $4,200 US today.Follow on question: “have about 5k at the moment I’m willing to invest, do you think it’s better spent on education or learning what I can now and taking action? I understand you have multiple stock hacker courses at different levels. Where would you recommend I start?”Answer: The answer depends. When I was younger my focus was first on maximizing my job income so I can save more and get more credit for mortgages hence I invested in my own training. I have consumed a lot of Brian Tracy’s books and programs including Psychology of Success and Psychology of Sales. I soon after switched roles in my company from Operations to Product Management and received a 40% pay increase as I was taking more responsibility. A few years later, I became a successful Realtor very fast. I started in the summer of 2010 and in 2011 I earned six figures in commissions. Both the increased salary and career in real estate allowed me to become a much better real estate investor and qualify for more credit”I don’t mind answering questions from listeners, just please don’t ask me to mentor you, I have kids and team members and clients I’m responsible for.On to this week’s guest in Mat Piche… I invited Mat to come hang out, record a podcast, I showed Mat and his excellent videographer Tyler how to Stock Hack. We went to Virtual Galaxies to shoot zombies in virtual reality where we walk around with game controllers shaped like guns, a headset and headphones, and a battery pack in an empty room but the game is displayed on our headsets. It’s super cool. We were joined by fellow investors Seth Ferguson, Andrew Hines, Ron Esteban, Charles Wah and Kevin Huynh – All six and seven-figure real estate investors and professionals.Needless to say, we had a blast, a lot of laughs, I may have made a comment about how visible minorities never make it out alive in horror movies so our fair skin friends would lead the way, get between us and the zombies. It worked out as Ron and I got the top scores. We went for dinner afterwards where the conversation of course covered real estate, private lending, flipping, and stock hacking. There are few things I enjoy better than hanging out with like-minded, successful people. You never know what you’ll learn. If safe to do so, I recommend you all do the same. Our collective mental health has suffered during this pandemic. I hope you’re all taking care of yourselves. Grab some friends, go for dinner, go for a hike, preferably with like-minded success seeking people. Not sure where to find such people, our iWIN meetings are publicly available. In-person is for clients only. Online is available to anyone. The January 23rd meeting will feature a market update, what we are seeing on the streets of investment properties and a feature presentation on infinite banking by our guest and Cherry Chan. We’ll have Hussein my lawyer on hand as well so attendees have a comprehensive understanding of this secret of the rich. A personal friend of mine was magically able to obtain 3-4 more mortgages after running into a wall. If you’re on my email newsletter, you’ll have the links to register. Go to www.truthaboutrealetateinvesting.ca, enter your name and email address on the right and you’ll receive updates on the podcast, the show notes and event happenings including Stock Hacker Academy.Quick stock hacking update:I’m up 20% return in the month of November and last week I cash flowed $3,000 US. Today $4,200 US. This is my new normal.Growing my real estate businesses and four figures of cash flow per week as a side hustle with plans to golf a lot more next year. www.stockhackeracademy.com for anyone interested in purchasing the course. If you buy today, you get all the resources, recordings and can attend the next live-streamed course in March. Personally, I would want to learn this asap, maybe even over the holiday because if you follow US politics at all, the new President promised a whole bunch of stimulus. I’m not a particularly smart person but I’ve done a job of getting in front of monetary trends. www.stockhackeracademy.com
Raising Capital On Social Media, Flipping, Sourcing Flips, Flip Math, Private Lending With The Fruitful Investor Mat Piche
Mat Piche is a normal guy, a third-generation carpenter. He used to have a job renovating houses, then he started his own business renovating investment properties for investors. Investors ask Mat if he knew any great investment specialist realtors, he didn’t so he became it. Mat started sharing on YouTube back when fire was invented in 2012 and the rest is history. If you didn’t already know Mat, he’s very successful and he’s here today sharing a ton of tips, tricks, market updates, so have those pens ready. Mat is an open book and he’s dropping gold. I give you Mat Piche.
Help us reach new listeners on iTunes by leaving us a rating and review!
To Follow Mat:
Youtube: www.youtube.com/thefruitfulinvestorInstagram: https://www.instagram.com/matpicheBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/11/Mat-Piche.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-11-27 19:32:492020-11-27 19:34:12Raising Capital On Social Media, Flipping, Sourcing Flips, Flip Math, Private Lending With The Fruitful Investor Mat Piche
Welcome, Real Estate Investors!I hope you’re all staying awesome, happy, and healthy out there. 2020 has been a terrible year for many and it’s an odd feeling, guilty almost for us Wealth Hackers to celebrate so much success this year. Among our community of investors, after a record year for returns in both real estate and stock hacking, the conversation has shifted to infinite banking – It’s one of the secrets of the rich.It will be the main topic we cover at the iWIN Meeting this coming January. It’s why I avoided drinking for a month before my blood and urine test for the insurance company. This better be good, as my investment is significant but my wife Cherry, who is an Accountant is spearheading this for our family.
Speaking of presentations, at my mastermind with fellow 7 seven-figure entrepreneurs, I was asked to give a presentation on how I’ve learnt to build a mindset of positivity, optimism and gratitude to a group of entrepreneurs…I’ll be sharing the same presentation to a group of investors at the upcoming Nov 28th iWIN meeting. I’m not always happy though, I just make sure I’m working and investing smart and my gratitude outshines the dark moments.If you’re on our email newsletter then you’ll read about our upcoming meetings. Our upcoming Nov 28th meeting includes guest talks from Jay Gabrani who decided to not grow his online business and instead focus on having more free time, personal real estate development investments, and stock hacking. Jay will be sharing how he came to this decision and how he’s developing his investment properties and Stock Hacking.We also have Anna Scott who will be sharing her stories and experiences being on all sides of real estate deals: as the silent money and credit pattern, as the real estate expert, as a private money lender, borrower and now brokering private money deals as a Mortgage Agent.Our iWIN meetings are publicly available again…For non clients, the cost is nominal and all proceeds go to charity. Anyone who subscribes to my email newsletter will be notified when we host events both real estate and stock hacking. To get on my newsletter which comes with being notified of new episodes of this podcast with show notes, go to www.truthaboutrealestateinvesting.ca. Enter your name and email address on the right side and that’s it!Quick update from the stock hacking competition between Cherry and I.Because our stock hacking is going so well and with our plans to upgrade our home, we are closing the personal account and consolidating to trade in only the corporate account. I’ll manage the trading going forward as Cherry will focus more on growing her business and my businesses. Between the two accounts, we are averaging a 42% return and well into six figures.Not bad for a beginner, after a market crash, and a bagillion mistakes eh? I’ve learnt a lot this year and the future for our stock hacking couldn’t be brighter.With the holidays approaching, I’m receiving all these requests for my office address for hate mail and Christmas cards and to be honest, from people wanting to express their appreciation for what this podcast or real estate or Stock Hacking has meant to them. I appreciate all the kind words and what I really enjoy is reading positive reviews on iTunes. Reviews also help new listeners decide on what podcasts they listen to and I would like to help them like we’ve hopefully helped you.So if real estate, Stock Hacking or this podcast has helped you, kindly leave a review, by simply googling “iTunes truth about real estate investing”, go to reviews, 5 stars, of course, is preferred and let me know how this show has helped.
Replacing Teacher Income With MLM and Real Estate and $200,000 On A Duplex Conversion with Pascale Brisson
Pascale is a mom and wife living in Ottawa, Ontario. As a young mom and school teacher, the pandemic hit her pretty hard with the decision to keep teaching in a changing environment and sending her young son back to daycare.Pascale decided to pivot this past summer to work online in multi-level marketing. I’ve invited Pascale on this show because multi-level marketing is a common thread among many investors. Jules Mckenzie has done it. Lynne Tham was a dynamo for Tupperware and I have other friends who’ve been successful in MLM as well who later go on to massive success in real estate. She’s a successful real estate investor and she shares her number on her current project.
Help us reach new listeners on iTunes by leaving us a rating and review!
To Follow Pascale:
Instagram: https://www.instagram.com/pascalinabrissonFacebook: https://www.facebook.com/pascalina.brissonBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/11/Pascale-Brisson.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-11-20 20:22:502020-11-20 20:22:53Replacing Teacher Income With MLM and Real Estate and $200,000 On A Duplex Conversion with Pascale Brisson
What was I thinking not hiring a coach sooner?For regular listeners, you know I’m a big fan of self development, learning, reading, and one of my favourite hacks is having coaches. I have Crossfit coaches, a Realtor coach, two Stock Hacking coaches, a new real estate investing coach and a pretty new golf coach.My golf coach’s name is Chris and he’s a lot better than I at golf. He’s an associate golf pro at a pretty nice public golf course in Oakville, Ontario. He’s a tall, thin, 150 pound scratch golfer and drives the ball 300 yards. Scratch golf means he’s in the top 1.6% of golfers who report their scores.
As with anything in life, business, health, investing, I view it all as an experiment. When the pandemic hit, the first thing we were allowed to do was golf so I took up the sport. 2020 is the first year I’ve played more than twice in a season so I think that qualifies me as a beginner. This past Friday I had just my fourth golf lesson with Chris and finally made some massive improvements, the most improvement I’ve made all season.Right after my lesson, we played nine holes and I proceeded to have my best 9 holes of the season highlighted by landing my ball 12 feet from the hole on a 193 par 3 with my 5 iron. That’s about 30 yards farther than I normally hit my 5 iron and I made the putt for my first birdie of the season. The next day, I was golfing with Cherry and ten other friends and I had one of my better rounds of the season include 3 pars and a birdie on the front 9.What is the point of all this? After the round was over I couldn’t help but kick myself how if I could do it all again, I would have invested more heavily into coaching near the beginning of the season as much of the practice I did this season was kinda wasted.This was yet another experiment that proved to me the value of coaching. Practice and youtube and reading articles online as much as I did… those tens of hours did not compare to the 4 hours of coaching I’ve received. Going forward I will be taking weekly lessons as it is one of my Stock Hacking goals to afford me a nice golf membership.In my experience, I pay tens of thousands each year for coaching and the investment has returned.My question to the listener is where can you fast track your success by hiring a coach? I’ve wasted a lot of time in all areas by not having a coach. Please don’t make the same mistakes I did.This week’s guest, 26-year-old Joe Costanza was smart and worked with Coach Tammy Ditomaso from my IWIN Real Estate team to begin his real estate journey. If you’re interested in learning for free the same strategy implemented by young Joe who’s increased his net worth by over $300,000 in just 20 months then go to www.iwinrealestate.ca and enter your contact information to be notified of our next free training class on the #1 investment strategy in real estate.On to this week’s show!
Age 26, Making $300,000 in 20 Months On Cash Flowing Duplexes and 70 Hour Weeks With Joe Costanza
I first met Joe Costanza 20 months ago when he was a starry-eyed 24-year-old who had been hustling since a teenager, working several jobs, living at home to save up down payments for real estate. An architect by trade and having tried several side hustles less than successfully, Joe settled on real estate without much support from his parents.Fast forward to today, Joe owns three properties, two he’s already duplexed and the third to be duplexed house with a joint venture partner. This is Joe’s story. For those who like numbers, we’re pretty heavy with the numbers in this episode so have your pens ready.I give you Joe Costanza.
Instagram: https://www.instagram.com/josephcostanza/?hl=enFacebook: https://www.facebook.com/joseph.costanza.714Before 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/11/Joe-Constanza.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-11-13 14:58:132020-11-13 14:58:22Age 26, Making $300,000 in 20 Months On Cash Flowing Duplexes and 70 Hour Weeks With Joe Costanza
Greetings my fellow Wealth Hackers,What did you do for Halloween? I love seeing everyone dress up! For my mastermind meeting with real estate dynamos like Susan White, Aaron Moore, Ryan Carr, Rachel Oliver, Sarah Coupland, they all showed up in costume to our Zoom meeting. It was hilarious!As I’m sworn to secrecy of what is discussed, I’ll share that “Beaker of the Muppets and a giant Hamburger made appearances” and I’ll leave it to you to guess who was who.
My costume arrived late but it’s a bit of an evergreen costume, so I’ll do a reveal at a later time.My kids dressed as Batman of course and Captain Marvel but more exciting than Halloween for me was the kids had their belt grading at kickboxing the morning of Halloween. This the first athletic test they’ve done and it’s the first time our club has allowed non-students to watch. Thanks to Covid, I’m stuck waiting outside in the car while the kids are in kickboxing class. I was totally surprised by how much the kids have learnt.For the grading, they had to demonstrate boxing, kickboxing and even Karate style punches and kicks. I personally appreciate a cross-discipline approach, no different than I invest in real estate and Stock Hack.Our club is open-minded to teach different styles of striking. For any mixed martial arts or UFC fans out there, you know the importance of multiple disciplines.The kids both passed and I couldn’t be more proud. We celebrated with ice cream that I bought on sale at Loblaws 🙂
10 Duplexes In Five Years, 100% Committing to Wealth Hacking, Cash Flowing 1-2% per WEEK with Kris Lewis
On to this week’s guest, an award-winning investor, Kris LewisKris is a dad, husband, multiple business owner who is really into spreadsheets while grinding through to earn his ‘luck’.His current priorities include reverse engineering a life he thought was impossible only a few years earlier. His goal from an investment perspective, which massively goes against his personality, is to make his income streams extremely boring.Kris is a real estate investor focusing on the Durham region, specializing in duplex conversions, while knowing in the first 30 seconds whether a property makes sense for his long-term strategy.Kris believes in multiple streams of income as an insurance policy, which makes sense given his chosen profession. He believes in continuing to educate himself and to learn from what others before him have done. While Kris knows that knowledge is key, he also realizes that embracing fear, making sacrifices and most importantly being ready to take action is an even bigger piece of the financial success puzzle, as evidenced by his 10 moves in the last 6 years.He’s come to relish the unpredictability of life and the opportunities that present themselves.Before you go, if you’re interested in learning more about an alternative means of cash flowing like hundreds of other real estate investors have, then sign up for my newsletter and you’ll learn of the next free demonstration webinar I’ll be delivering. It’s a much improved demonstration of the one I’ve given to my cousin Chubby at Thanksgiving dinner in 2019. He now averages 1% cash flow per week.As a real estate investor myself, I got into real estate for the cash flow but with the rising costs to operate a rental business, it’s just not the same it was 5-10 years ago when I started. Never forget cash flow reduces your risk, the more you have, the more lumps you can absorb and if you have no or limited cash flow, you’ll be paying out of your pocket like I did at a recent basement flood at my student rental in St. Catharines, ON.If you’re interested in learning more, register for free for my newsletter at https://www.truthaboutrealestateinvesting.ca/ and enter your name and email address on the right side. We’ll include in the newsletter when we announce our next free stock hacker demonstration.Find out for yourselfwhat so many real estate investors are doing to diversify and increase their cash flow. And if you can’t tell, I love teaching this stuff 🙂
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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/11/Kris-Lewis.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-11-06 16:23:512020-11-06 16:23:5310 Duplexes In Five Years, 100% Committing to Wealth Hacking, Cash Flowing 1-2% per WEEK with Kris Lewis
Hello, my fellow wealth hackers!!
The secret to happiness is practicing gratitude and I’m grateful I can still go to my Radix Crossfit gym in Oakville. I’m thankful several politicians including my local MPP’s who stood up to Doug Ford to not send us back to Stage 2, thus our gyms and indoor restaurants are staying open.Before anyone gets mad, I get enough hate for doing this podcast for FREE. I’m no anti masker, this is hardly political, but I’ll happily stand up for small businesses since they’re not the source problem. It’s private gatherings and “sources unknown”. The sources are unknown because people are gathering in private, getting sick then lying to health officials about it. It’s not rocket science. Knowing the greatest source of transmission is private gatherings, why are restaurants and gyms the ones to be shut down and go bankrupt when in my area, they have not been the problem? And from my experience, they’ve invested thousands of dollars and hired additional staff for cleaning, disinfecting and screening.In my city, the mayor stated how cases are declining below the provincial average and we have ample capacity at our hospitals so why another shut down to put the nail in the coffin of more small businesses. I really don’t get it. Anyways, I’ve always believed talk is cheap and I put my money where my mouth is. I’m making a $250 donation to MPP Jane McKenna who is not my MPP and I’ve let my MPP know about it. I let my MPP know that I support leaders who support local small businesses who will stand up to Doug Ford. I’ve said it a couple of times, this pandemic is making people crazy, so that’s enough ranting from me. The other crazy thing is how not crazy my real estate and stock hacker friends have been. For those who say money doesn’t buy happiness… well apparently it buys sanity. Shout out to Shane Layte who DM’d me. He’s our real estate client and his stock hacking returns this year were 96% but he gave back some to land at 86% currently. Or his returns are $5,000 less than what he’s earned this year at his 40+ hour job. In case I forgot to shout out Ron Esteban, I had lunch with Ron last week, we had him on the podcast just a few months ago but he’ll be coming back asap after he dropped a bomb on me. Ron has the highest percentage returns of any stock hacker alumni I’ve seen at 149% but do keep in mind, he’s account was funded by his real estate investments. You need both real estate and stock hacking to be like Ron Esteban.Happy Halloween everyone!! Fingers crossed my costume arrives. I ordered it from Amazon and paid for express shipping. It’s now 9-10 days late. Hopefully, I’ll have pictures to post next week in the badass costume. From reading what my friend the infectious disease doctor is saying, we will be walking the neighbourhood with the kids in costume to enjoy the decorated homes. Cherry and I will buy our own candy to give to the kids and hide them around the house Easter egg hunt style. I’ll have to figure something that’s healthier as we only let Robin and Bruce eat very little candy so they actually don’t like stuff that’s too sweet as they’re not used to it. So whatever we buy, I have to want to eat it…. Oh boy, I need to get back into the gym more and have my work cut out for me.In the real estate world, I will be speaking at the Investor Forum hosted by Canadian Real Estate Wealth magazine.It is my honour to be one of their guest speakers and to share with everyday Canadians the best opportunities in real estate and hopefully, they will indulge me to share about stock hacking… this is the organization that awarded my team Real Estate Agent of the Year to Investors in back to back years 2016 and 2017. I will be on an expert panel sharing the when and where and what the best strategies are for 2021 for above market cash flow and returns. There is a link in the show notes to join the already 500 Canadians registered for the online conference. Full disclosure, it is an affiliate link and any commissions earned will go to my charity the Hamilton Basket Brigade to make sure some poor families in Hamilton will have their best Christmases ever.Nov 3rd, all day online Investor Forum Conference for real estate investors hosted by the Canadian Real Estate Wealth Magazine.Link:yourrealestateinvestorssummit.com/yourrealestateinvestorssummit1?affiliate_id=2787942Now onto this week’s guest, one of my first real estate clients and long-time friend Andy Tran of Suite Additions.
Free Land to Build Basement and Garden Suites To Maximize Cash Flow With Andy Tran
Andy is a former Home Inspector, he’s a registered House and Small Buildings designer, real estate investor, developer. Andy has a degree in Architectural Science and he’s best known as the leading authority on accessory dwelling units design. In plain English, that’s legal basement apartments or garden suites or the million other names for a self-contained apartment.Why you need to know about accessory dwelling units is they are the best way to maximize your cash flow and overall returns in real estate.I give you Andy Tran.
Web: http://www.suiteadditions.com/Instagram: https://www.instagram.com/suite_additions/?hl=enFacebook: https://www.facebook.com/suiteadditionBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/10/Andy-Tran.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-10-30 15:07:112020-10-30 15:07:13Free Land to Build, Basement and Garden Suites To Maximize Cash Flow With Andy Tran
Hello, my fellow wealth hackers!!
Who says you can’t mix business with pleasure??
This past Friday, I hosted Canada’s youngest retiree to come into the iWIN Hub (my office) to record a podcast, show him Stock Hacking and shot virtual zombies in virtual reality.This episode was inspired by Mike going on a rant on his Instagram account about his frustration with his real estate: tenant related problems, day to day management of a sizeable portfolio and all its moving parts including property managers and contractors, finding out sex workers were operating out of his short term rentals and related complaints from the neighbours. Add to that the pandemic and it’s hurt on the tourism, short term rental market and student rental market.I messaged Mike that I was sorry to hear about his challenges and we started talking about stock hacking so I invited Mike to my office to demonstrate for him the strategy, record this podcast episode, have lunch and since he made the 2 hour trip out from London, I figured we would do something fun that Mike can’t do in London.I made a couple of suggestions and we settled on Virtual Galaxies, a free roam, virtual reality gaming place in Mississauga. That’s when the hilarity ensued. For anyone who knows me, I’m an oversized child and like to joke around. The game was zombie apocalypse, we are soldiers armed with virtual guns, we do have a physical game controller shaped like a gun to shoot virtual zombies with. If you have seen the movies or TV shows then you know zombies can be aggressive. The objective is to survive, navigate scenes including walking through buildings to get to a rooftop so a helicopter can come rescue you all in virtual reality.The game is intense, fully immersive and not for the timid as Jimmy, Mike’s mentee found out when we had to split up and he had to fend off waves of brain-hungry zombies on his own. His dissatisfaction with being on a team of one… well Jimmy was vocal about it while I was crying laughing. It’s been five days since the experience and I’m still laughing about it!After much feedback from Mike and I’s mutual friends who have already been through Stock Hacker Academy, he’s going to give it a go as well. www.stockhackeracademy.ca if you too would like more information about it. We don’t have any more free demonstrations planned for 2020 but I’ll let you listeners know when we do. 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 somewhere around 75 buildings in his career. He’s a private lender, a private borrower, dad of two young daughters and he loves to give back and share including gifting out space in his own home to his mentees.
Youtube: https://www.youtube.com/c/MikeRosehart/Instagram: https://www.instagram.com/mikerosehart/?hl=enFacebook: https://www.facebook.com/mike.rosehartBefore 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, Click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/10/Mike-Rosehart.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-10-16 20:45:072020-10-16 20:45:10Landlord of 75 Properties Retiring From Landlording With Mike Rosehart
Hello, my fellow wealth hackers!How is everyone this week?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.If you’re interested in real estate investing go to www.infinitywealth.ca or if it’s stock hacking, go to www.stockhackeracademy.caHave you met Joel Arndt!?
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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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, Click here to register now
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello, my fellow Wealth Hackers!
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.
Here’s the link in case you’ve missed it: Youtube: https://www.youtube.com/watch?v=CYzZrt9ZipcWeb: https://sethferguson.libsyn.com/creating-wealth-is-your-duty-erwin-szeto-0I 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. I hope to meet you at one of our meetups soon.Again that’s iwin@infinitywealth.ca
Looking to add another stream of income?
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.Click here to join the notification list
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/10/Seth-Ferguson.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-10-02 20:44:182020-10-03 04:12:15The Worst JV Divorce I’ve Ever Seen With Seth Ferguson
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 www.truthaboutrealestateinvesting.caFree Demonstration: https://us02web.zoom.us/webinar/register/WN_VEx9tUmdTIO3PWMauybnZwDetails for Stock Hacker Academy 2.0: www.stockhackeracademy.ca/
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 MeetingsTo be notified of the next iWIN Meeting just sign up for my email list at www.truthaboutrealestateinvesting.caHope to see you there soon!
Looking to add another stream of income?
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello my fellow Wealth Hackers!!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.
Here’s the link: https://www.eventbrite.ca/e/iwin-monthly-meeting-19-sept-2020-tickets-115917948705These 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…
Here’s the link to join:
Sept 24:https://us02web.zoom.us/webinar/register/WN_VEx9tUmdTIO3PWMauybnZw
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
**Disclaimer:**
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.
Please note that Jamie Collard and Leslie Collard are currently involved in ongoing legal proceedings, specifically the case of Collard & Markus Construction Inc. v. Collard Properties Inc. and Collard Holdings Ltd., 2024 ONSC 356. For more details on this case, you can refer to the official court document [here](https://www.canlii.org/en/on/onsc/doc/2024/2024onsc356/2024onsc356.html?fbclid=IwZXh0bgNhZW0CMTEAAR0_1SwpgLFcbIMgf9JWv3oDJYcfjA6QhUNEYX-M2VuJ4jg9tgECbIUDlZY_aem_AdN3lwL9v0PxlNcq6AiY2iHhNB2-axrQXQK77cPUOXUbS-3ywVpoUz96kxM72tO1uNMPxc0IwANsWDbPrbTFnkdb). Additionally, a supplemental report related to these proceedings can be viewed [here](https://docs.grantthornton.ca/document-folder/viewer/docul8LWsxcWho7J/2472424223861269481?_gl=1%2Aholdht%2A_ga%2ANTQzOTkzNTk5LjE3MTc0NzY2NDY.%2A_ga_JLRBBJ6PTP%2AMTcxNzU5MDQyNi4zLjEuMTcxNzU5MDQ0My40My4wLjA&fbclid=IwZXh0bgNhZW0CMTEAAR28VnVNhM7J8OG3Uie-lHTavyrC_3aPM3NQuyqRF_TB24pg1sC0a_hGdsM_aem_AUYWkiUE9XtACvy7SnEv6iIzM08a05xudcRSdTS_OPrNY_n4o9GtrlW3LrMCrqCUwHzRqO2asFEdUElcIqwAWYyc).
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
Hello my fellow wealth hackers!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. The link to Zoom is ridiculously long so go to the website www.truthaboutrealestateinvesting.ca and you’ll find the link there.Link to register for the demo here!!! https://us02web.zoom.us/webinar/register/WN_kOWSraJaQKOmaUDiPn7HRgOr 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 🙂I give you Ryan Carr!
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello my fellow wealth hackers!I hope you’re all having a wonderful summer! 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.I give you Michael Bugg!
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello iWINNERs!!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. The bigger the better.
>> Click here to register for my free trading demonstration. <<
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.I present to you, Monica Lee.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Greetings my fellow iWINNERS!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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Well that’s not what I expected. 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello fellow wealth hackers!I hope you are enjoying your summer!! 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello Friends!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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/07/Cherry-Chan.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-07-10 14:04:482020-07-10 14:42:19Government Subsidy Update, Cherry Beating Erwin at Stock Hacking, BHAG, Investing in Insurance with Cherry Chan
Happy Fathers Day iWIN Nation!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.Without further ado, I give you Wade Graham.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello iWIN Nation!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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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.
I give you, Diana House.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
What an interesting time we live in! 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.
Web: www.oraclerms.comLinkedIn: https://www.linkedin.com/in/victoria-masucci-31b390a/?originalSubdomain=caOne 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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 money last week. 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello my fellow awesome Wealth Hackers!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.For more information on our free training class, go to: https://www.investortraining.ca/freeclassOn to this week’s show!
Private Lending Update with Susan Flanagan
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello my fellow Wealth Hackers!!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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/05/erwin-podcast-image.png7201080Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-05-01 19:04:292020-05-08 02:51:57Investor Greater GTA Market Update With A Whole Bunch of Awesome Realtors
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.
Spotted Properties Letter to TenantsAll you need to do to make sure you get these episodes and resources we are sharing, you can sign up using the form at the top right of this page.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/04/Ping-anqd-Andrew.jpg6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-04-22 16:42:062020-04-22 16:42:08Property Management During Covid19 with Spotted Properties
My first home work out didn’t go well. 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.https://www.stockhackeracademy.ca/specialofferDiscounted 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello Wealth Hackers!!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.To register it’s www.stockhackeracademy.ca/specialofferYou’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.www.stockhackeracademy.ca/specialofferBy 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello Wealth Hackers,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/freeclassIn 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello my self-isolated Wealth Hackers!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 conversionsCharles has developed land including over 150 housesSteve 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.Here’s the infill boys!
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Did anything happen this past week?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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
**Disclaimer:**
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.
Please note that Jamie Collard and Leslie Collard are currently involved in ongoing legal proceedings, specifically the case of Collard & Markus Construction Inc. v. Collard Properties Inc. and Collard Holdings Ltd., 2024 ONSC 356. For more details on this case, you can refer to the official court document [here](https://www.canlii.org/en/on/onsc/doc/2024/2024onsc356/2024onsc356.html?fbclid=IwZXh0bgNhZW0CMTEAAR0_1SwpgLFcbIMgf9JWv3oDJYcfjA6QhUNEYX-M2VuJ4jg9tgECbIUDlZY_aem_AdN3lwL9v0PxlNcq6AiY2iHhNB2-axrQXQK77cPUOXUbS-3ywVpoUz96kxM72tO1uNMPxc0IwANsWDbPrbTFnkdb). Additionally, a supplemental report related to these proceedings can be viewed [here](https://docs.grantthornton.ca/document-folder/viewer/docul8LWsxcWho7J/2472424223861269481?_gl=1%2Aholdht%2A_ga%2ANTQzOTkzNTk5LjE3MTc0NzY2NDY.%2A_ga_JLRBBJ6PTP%2AMTcxNzU5MDQyNi4zLjEuMTcxNzU5MDQ0My40My4wLjA&fbclid=IwZXh0bgNhZW0CMTEAAR28VnVNhM7J8OG3Uie-lHTavyrC_3aPM3NQuyqRF_TB24pg1sC0a_hGdsM_aem_AUYWkiUE9XtACvy7SnEv6iIzM08a05xudcRSdTS_OPrNY_n4o9GtrlW3LrMCrqCUwHzRqO2asFEdUElcIqwAWYyc).
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
What did you do this weekend?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/freeclassAnd 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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
https://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2020/03/Mike.png6301200Erwin Szetohttps://www.truthaboutrealestateinvesting.ca/wp-content/uploads/2017/06/TruthRectangleLogo.pngErwin Szeto2020-03-03 07:30:002020-03-02 16:44:25Canada’s Youngest Retiree, 50+ Properties, Mentoring Housemate JVs with Mike Rosehart
Hello Wealth Hackers!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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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. Go to https://www.investortraining.ca/freeclass
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 CummingYou 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.Karen …. Welcome to the podcast.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
Hello Wealth Hackers!!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!If you’d like to be at the next free training event on the highest ROI strategy please going our invite list at https://www.investortraining.ca/freeclass.
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.Sign up now for the Invitation List and be one of the first to get an invite to the next class.
Sponsored by:
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.
ErwinHamilton, St. Catharines and Toronto Land Development, Real Estate Investor, and soon to be builder.W: erwinszeto.comFB: https://www.facebook.com/erwin.szetoIG: https://www.instagram.com/erwinszeto/
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
What you didn’t know about Cherry.
I have a lot of people asking me about my relationship with Cherry as we work so well together in building a couple successful businesses, a real estate portfolio, a stock hacking portfolio and our registered charity the Hamilton Basket Brigade.
On top of that, we have two happy and healthy young kids.
Hello, my fellow wealth hackers!!
What was I thinking not hiring a coach sooner?
Hello, my fellow wealth hackers!!
My first home work out didn’t go well. 
