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Erwin 0:00
Hello and welcome to the truth about real estate investing show for Canadians. These are definitely interesting times to be a part of my name is Erwin Seto for time realtor of the year to investors and today’s guest I would consider among one of the top top real estate investing coaches in the country. And she’s coaching our claim when she’s coaching our clients do in this market may shock many cashflow is hard to come by than ever. So of course, people who need to pivot they need to be thinking outside the box in terms of what to do going forward. And unfortunately, some of it’s contrary to what many career gurus are out there selling in their in their advertising and courses. But before we get there, Elizabeth, I ran into some old friends of mine from the Real Estate Investment Network. Cindy and Marcin. I hadn’t seen them I actually ran into at a developer it’s developers, quote, unquote, insights and perspectives and events, events, insights and perspectives, events. You know, anyone who knows me knows I really like to learn a lot to know what developers are thinking in this market, what they’re planning on doing, how they see the world. Just understand where the, you know, I like to hear multiple opinions. I don’t do not I’ve never heard of contrary opinions. I’m always open to outside opinions anyways. So Cindy Marcin and I, we all passively invest into this developer and it called gradebook. gradebook is the same company as presenting at our upcoming Island meeting, which is online only on September 19. The presentation was by the CEO of the securities division. The presentation was full of charts and graphs on population growth, GDP are where there was not so much growth, real estate prices on from other major centers in the world and Canada and North America. The presentation gave a lot of perspective on where the Golden Horseshoe as where it sits in a more holistic, global perspective, from someone who has a lot of money at risk. Sasha the CEO even gave his perspective on the Green Belt land swap scandal, which I find fascinating. I love to hear opinions from people who are closer to the subject versus myself, I only get to read what’s in the news. I do pay for my news. So it’s better quality than most of stuff out there. But anyways, the plan is to have Sasha on the show in the near future, so I won’t spoil it for you. But if you are attending the island mastermind tour on that in the neck region on September 23, Saturday, September 23, you can ask me about it then or lunch. I will spoil this for you though, we are touring a super cool conversion project, a 2300 square foot single family house that has been converted into a three family home. So that’s three units. So there’ll be three apartments, and it’s all under one roof. And the same four walls as and there’s no addition there’s no garden suite. This is this is a super cool project. They’re not common. Probably not many of you out there have ever seen one in person. One was that was done with permits and renovated professionally. So if you do enjoy learning about real estate, you want to go deeper into your education or around real estate investing and how to make great investments as much as I do, then you do not want to miss this. We are already a percent sold out. So please do not delay. This will sell out. These events always sell out. The tour starts at 10am. And this will be in welland, Ontario, so there’ll be plenty of time for your beauty sleep. I’ll be there my team will be there. In a world where money makes the world go round. Inflation eats away at our savings, incomes are becoming stagnant. Investing in hard assets and cash flow are a must a triplex would be a good a good example of a an asset hard asset, that’s your cash flow. So come to our national income property owned by our client who is himself an award winning investor. He’s been a past guest at the show. And he owns over 20 plus properties. So he is legit. He’s also a longtime client of mine. So yes, I know exactly what he owns. It’s one of the greatest lessons that I’ve learned in life. Mostly to learn from one is learn from people who have what you want. Again, our client the property has this client has over 20 properties very successful. Number two, trust but verify. verify for yourself that your own eyes see real estate, touch it feel it, smell it taste it before you ever make a decision to invest, such as the beauty of investing in hard assets like real estate I believe that’s why many of us do invest in real estate you can see it touch it control it it’s yours anyways invites to register already went out my new email newsletter that’s why we’re 80% sold out and if you’re not on my email newsletter which is so which shall should be because it was all 17 listeners are on the on our on our email newsletter. You can join for free at www dot truth about real estate investing.ca Let me slow down WWW dot truth about real estate investing.ca. Now back to running into metal friends. They own over a dozen properties in Toronto proper. They’ve been doing it for a long time. This is real estate Winter. That’s what I’m calling it, even though we just finished summer, but it’s a real estate winter, this high interest rate environment has shown me a tale of two investors, I can basically group the investor community into two categories, those who invested primarily before 2020. And those after those who acquire most of the portfolio of their portfolio before 2020, they do feel the pinch, they definitely feel a pinch of the higher interest rates, and many of you likely already sold, or they’re gonna sell, or they’re gonna take some more profits on part of their portfolio. Overall, they’re just fine, especially when you consider the other group. For those who acquire most of the portfolio, like to be in stocks real estate, crypto after 2020 They’re likely not doing so great. My crypto holdings maybe are likely in indicative or indicative that I timed it poorly. Thankfully, I chose the two that are still around the corner theory not advice folks, especially, and those who invested in single family homes or condos, or to get by and bad advice from those, one of the several coaches or trainers that are out there who are themselves struggling. I actually took a call last week from my friend. They have she has clients who want to launch a class action lawsuit against a well known real estate influencer, a membership group leader. Their deals are going bad, they’re not getting paid. They’re not getting communication from the borrower. She so my friend has looking for a lawyer to connect with her cannot connect to a client with as her client is out several hundreds of 1000s of 1000s of dollars, actually across more than one borrower. So there’s, there’s definitely some there’s definitely some pain out there. So tough times are out there for everyone. So like I said, Trust but verify Life is short. I personally take information from winning sources. And I have a non realistic example. I’m a big fan of golf, as many of you know, but I’m terrible at the sport as anyone who has seen me play knows. My podcast of choice in the Gulf air in the Gulf space is Hank Haney his podcast, if you don’t know who he is, that’s totally cool. He’s Tiger Woods is former coach. I think everyone knows who Tiger Woods is. And Hank has another Hall of Fame client named Marco Mira. So Hank has, he always borrows this famous quote from a former football coach. And it goes, you are what your record is, as in your track record of wins and losses. That’s who you are, as a team as a football team. Personally, I judge coaches in real estate by their track record of producing successful happy clients. I ran into to my clients last night at the same event. And they we helped them successfully buy and convert for houses into duplexes that they’ve since exited. Before Interest Rates started going up. So they basically nailed it. They made a lot of money. They are extremely happy. And they’re telling me about this lovely trip that planned to go to Tokyo to watch their daughter run it in the Tokyo Marathon. Congratulations to my clients. I’m so happy for them. You are what your record is. And if you need help improving for your record, myself and my lovely yesterday, today’s guest in Elizabeth Kelly, she loves to help too. It’s why we get along so well. Hopefully Elizabeth Kelly does not need introduction. I believe this is our third or fourth time on the show. She tells it like it is.

As a real estate coach should tell you and helping you shape your portfolio. Elizabeth was a paid professional educator for the rich dad Canada organization since 2012. Before they since before they’ve gone away, this this has rebranded I don’t know where they’re at right now but it is she’s taught a couple 1000 investors including many of today’s today’s influencers and coaches and full time real estate operators. She’s very proud of that you should be she should be proud of that. She has her own property management company called sandstone property management that manages hundreds of doors across multiple strategies including apartment buildings, Airbnb midterm rental rent on Elizabeth’s done around 100 rental and I believe she’s the longest time investor in New Brunswick that I know personally. So before going there, I forget the number. I think she owned something like $45 or something in New Brunswick. So and she’s done it done, done that owned it for close to 10 years. So again, if you’re interested in New Brunswick, you want to hear an unbiased opinion. Talk to Elizabeth. I reached out to her she doesn’t mind. Elizabeth is hosting her second conference after the highly successful inaugural real estate resilience on real estate resilience Conference, which is online and she’s back again for 2023. The price is extremely affordable at $74 and the link is in the show notes. If you just look her up on social media, then you’ll find links there as well. Elizabeth Kelly, really easy to spell. There are several friends of mine Your past guests of the show who who are speakers at this event, and I even have a client on the on the speaker panel. So if you want to go deeper into what successful pros are doing, especially during this environment then you want check out the real estate resilience Summit, a two day event September sorry, Saturday and Sunday, October 14 and 15th. All day recordings I believe are available to you. Please enjoy the show.

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