How The Armchair Investor Achieved Financial Freedom By Age 55 With Michael Dominguez

Have you gotten your shot yet?

I just did at a Costco Pharmacy! I was a bit early for my appointment, so they took me in early, and the pharmacist read me the side effects to expect.

I’m well informed on the subject as my dad is a doctor, and I follow several local ER, ICU, and Infectious Disease doctors on Twitter who share, unfiltered, what they see in their battle against this virus.

One of them is an old friend of mine, Sumon Charkrabati. We went to University and lived in residence together, so I know firsthand how smart he is. Now he’s on the local news all the time.

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Here are their Twitter handles in case anyone is interested:

Dr. Sumon Chakrabarti: https://twitter.com/TorontoIDDoc
Dr. Jennifer Kwan, a wizard with excel who posts stat graphs almost every day: @jkwan_md
Microscope Samantha Yammine, Ph.D. (aka Science Sam): @heysciencesam

Anyways, I showed up about ten minutes early at the Costco Pharmacy and got my Astra Zeneca shot. I barely felt it, unlike the nose swabs for covid tests I’ve taken. I waited 15 minutes till they said I could go.

As soon as I got my shot, I got emotional and immediately started crying.

I don’t know what came over me, but I think it’s that the end is in sight. I know just a single shot is highly effective, and we’re one step closer to seeing our friends, family, clients, and staff again in person.

I cried even more, when the Costco cashier asked for payment for my $300 grocery bill. LOL.

I went a little overboard buying fresh salmon and ribeyes to smoke, three dozen chocolate croissants, a 5 litres of ketchup since I know I’m going to be living longer, there’s a chance of finishing the bottle ;).

It’s been almost 24 hours since my shot.

The only side effect to report is the injection site is mildly sore, and it’s so mild I don’t even notice it. I even rode my Peloton bike this morning without any problem.

If anyone is feeling hesitant about vaccines or Astra Zeneca’s vaccine, you’re not alone; I had questions too.

Here are some of the online resources I read. That and my father is a medical doctor, and my brother is a biologist on the far end of geeking out on the Coronavirus.

Resources:

This is not the time to comparison shop for COVID-19 vaccines: https://www.theglobeandmail.com/opinion/article-this-is-not-the-time-to-comparison-shop-for-covid-19-vaccines/.
AstraZeneca’s Covid-19 vaccine proves safe and effective in Phase III trial: https://www.clinicaltrialsarena.com/news/astrazeneca-vaccine-proves-safe/.
Why comparing Covid-19 vaccine efficacy numbers can be misleading: https://www.vox.com/22311625/covid-19-vaccine-efficacy-johnson-moderna-pfizer.

So far, my mom, dad, stepmom, brother, sister and sister-in-law have all had at least one shot.

My mom is fully vaccinated, she lives in Hong Kong, China, and she legally hosted a birthday party with friends who’ve all been fully vaccinated, without masks, in her condo last weekend.

It goes to show what is possible with the proper response to covid.

Anyways, back to the subject of real estate, on Saturday morning, May 15th, is our monthly iWIN meeting.

This month we have James “Money Baggs” Maggs sharing how to purchase a foreign vacation property as he owns a condo near the beach in Costa Rica. I’m sure many Canadians are feeling the need to escape Canada these days.

Also, Real Estate Accountant Cherry Chan CPA. CA. will share how to deduct the interest expense from the mortgage on your home, aka the Smith Maneuver. It is a must-know money saving strategy for all investors of real estate, stocks, cryptocurrency, stock hacking, etc.

You don’t want to miss it.

If you’re on my email list, you’ll receive invites once registration opens. To receive my totally free newsletter that tens of thousands of Canadian investors already receive, go to www.truthaboutrealestateinvesting.ca.

This week we have my old friend Michael Dominguez as our guest.

He’s here to share his journey and lessons in his accumulation of 11 duplexes and a couple of apartment buildings.

I know we’ve had some past guests share aggressive, full-time, active investing strategies, so it’s a nice change to hear from someone who relied on investing smart and letting time invested in the market do all the heavy lifting for him.

Michael is here to share how he obtained financial freedom and not so fun experiences with tenants, explaining how he shaped his portfolio.

He’s also a serial investor with multiple streams of income beyond real estate, which has enabled Michael to pursue his dream of road tripping in his convertible and taking in a baseball game at all 30 major league baseball stadiums.

Michael also spent the pandemic, after recovering from the Coronavirus, writing a book called “Armchair Real Estate Millionaire” meant for the beginner investor.

Enjoy the show!

To Listen:

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

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

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

On Google Podcast: https://podcasts.google.com/feed/aHR0cDovL3d3dy50cnV0aGFib3V0cmVhbGVzdGF0ZWludmVzdGluZy5jYS9mZWVkLw
On Audible: https://www.audible.com/pd/The-Truth-About-Real-Estate-Investing-for-Canadians-Podcast/B08JJMFS15

Youtube: https://youtu.be/RwcWYF_oDeA

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

HELP US OUT!

Please help us reach new listeners on iTunes by leaving us a rating and review!

To Follow Michael:

IG: https://www.instagram.com/armchair_wealth/

Web: https://armchairrealestatemillionaire.com/

Facebook: https://www.facebook.com/authormichaeldominguez

Twitter: https://twitter.com/armchair_wealth

UPCOMING EVENTS

You are the average of the five people you spend the most time with! Build connections with empire builders and trailblazers at our iWIN events.

CLICK HERE to check out what’s coming up next.

BEFORE YOU GO…

If you’re interested in being a successful real estate investor like those who have been featured on this podcast and our hundreds of successful clients please let us know.

It is our honour to give back and educate others on how we build cash flowing real estate portfolios using all the best practices shared on this podcast, from the lessons of our hundreds of clients and of course our own experience in owning investment real estate.

If you didn’t know already, we pride ourselves on being the best of the best real estate coaches, having the best property managers, contractors, handy people, cleaners, lawyers, accountants, everyone you need on your power team and we’re happy to share them with our clients to ensure your success.

New investor or seasoned veteran investor, we can help anyone by providing our award winning coaching services and this isn’t all talk.

We have been awarded Realtor of the Year to Investors in 2015 by the Real Estate Investment Network, 2016 by the Canadian Real Estate Wealth Magazine and again in 2017 because no one told the judges no one is supposed to win the award twice but on merit, our peers deemed us as the best. In 2018, we again won the same award by the Real Estate Investment Network.

Hopefully being the most decorated team of Realtors in Ontario will make you consider us for your first or next real estate investment. Even if you don’t invest in our areas, there’s a good chance I know who would be ideal for you.

I’ve been around for a while, some Realtors are talented at servicing investors there are many with great ethics. The intersection of the two, talent and ethics is limited to a handful in each city or town.

Only work with the best is what my father always taught me. If you’re interested, drop us an email at iwin@infinitywealth.ca.

I hope to meet you at one of our meetups soon.

Again that’s iwin@infinitywealth.ca

NO MORE Confusion

After all the Youtube videos, books, and forum posts, you’re probably still left with questions. Starting in real estate is a tricky thing.

Frustrated beginners often ask how a legal basement suite conversion actually works. Most of the time we can only give general answers. But now, we get to dive in.

At this in-depth, free class you’ll learn how to take your first steps as a real estate investor.

Nothing is held back. Everything from analyzing basement suite conversion deals, to renting out your first property at a profit, and even how to refinance and do it all again!

More secrets you’ll uncover are:

Profiting in a HOT market…

Municipal bylaws to watch out for…

Mortgage terms that favour refinancing…

AND one barely used tactic for higher appraisals…

If you’re frustrated, unsure of how to get started, this is for you.

How The Armchair Investor Achieved Financial Freedom By Age 55 With Michael Dominguez