Quitting Property Management But Not Real Estate Investing w/ Adam Kitchener
Hello, my fellow wealth hackers!
The real estate market is crazy where I invest. I know many folks are chasing cash flow in Alberta and telling me to divest in Ontario, thinking we’ve peaked yet we had clients offer to buy a bungalow in Hamilton.
Granted, the asking price was low at $800,000, and it drew 67 offers!
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There is a saying in the stock world that the trend is your friend till it ends. Well, the trend continues in Ontario, low supply of listings because we’re not building enough, especially 2 and 3 bedroom homes and the demand is nuts.
I appreciate my Alberta oil bullish friends looking out for me, suggesting I sell high here and buy low in Alberta. But, I’ll continue to be lazy, invest local, and ride this trend until I see a change.
As professional investors, my team and I have our fingers on the pulse. I recently was chatting with my big baller real estate friends, all with 8-9 figure portfolios their predictions for 2022.
Until we see a significant change in trend, we’ll continue to share and educate our community and clients on what’s working. Right now, our investments are working beautifully, and we’ll keep adding 5, 6, 7 figures to our net worth each year.
I do think 2022 will be a rocky one with interest rates expected to rise, and I went into more detail about it at our monthly real estate meetup last Saturday. I shared my predictions and what we are doing to profit from fundamentals. Also, Cherry Chan, CPA, CA of realestatetaxtips.ca, shared how to reduce capital gains taxes.
For our March meeting, my team will share about Belleville, Ontario, which is well east of Toronto; hence prices are lower with more opportunity to cash flow. All my clients will have access to the recordings and veryone on our email list gets invited. If you’re not on our list, that’s just silly, and you’re missing out. Go to https://www.truthaboutrealestateinvesting.ca/ and join our email list along with over 10,000 Canadian real estate investors to be notified of new episodes and new events.
We are back in person in our brand newly renovated office space, so check us out. Stay for lunch to connect with like-minded stock hackers and real estate investors! With restrictions, seating is very limited and will sell out.
Quitting Property Management But Not Real Estate Investing w/ Adam Kitchener
On to this week’s show, we have Adam Kitchener, a young man with a lot of real estate experience. Months ago, I checked in on Adam after announcing he was winding down his property management company.
As someone who’s been around and hired and fired 4 to 5 property management companies and as a customer, I’m familiar with the challenges in running a PM business. But don’t hear it from me; hear it from someone who’s done the job.
Adam is here to share some crazy stories managing property for one of the richest people in the city, in one of the nicest apartment buildings in town.
The pragmatic reasons Adam started investing in real estate, managing through an active stabbing inside the building he was managing.
Also, Adam answers the question, “Who’s harder to manage: The investor or the tenant?” The answer surprised me… Plus, Adam also shares what he is investing his own money into these days.
Please enjoy the show.
Sponsors
This episode is brought to you by me; we don’t have sponsors. I only share with you services owned by my wife Cherry and me. Real estate investing is a staple in my life that allows me to build wealth. More importantly, it has allowed me to achieve financial peace about the future, knowing our retirement is taken care of and my kids will afford a home when they grow up.
If you too are interested in my systematic strategy to implement the #1 investment strategy, the same one pretty much all my guests are doing themselves, then visit www.infinitywealth.ca/events and register for our next FREE Online Training Class. We will be back in person once legally allowed, but we are 100% virtual for now.
There’s no need to reinvent the wheel. We have our system down pat. Again that’s www.infinitywealth.ca/events, and register for the FREE Online Training Class.
This episode is also brought to you www.stockhackeracademy.ca, where everyday real estate investors learn the best practices in stock investing to earn cash flow in about 15-30 mins per day from their mobile phones.
After real estate, Stock Hacking is the next best hustle, as you’ve heard from many past guests on this show. Last year, we shared 31 trades among our students. 30 were profitable for an over 96% success rate!
I will be giving free demonstrations online, similar to the one I gave my kid cousin, a full-time musician who made a 50% return in 2021.
Past, of course, does not predict the future but if you’d like a free demonstration, go to www.stockhackeracademy.ca in the top right click FREE Demo. I’ll have special attendee bonuses at the demonstration that we do not advertise publicly.
Don’t delay; Stock Hacking is what I consider the future of side hustles with real estate so unaffordable for many.
We’re hiring!
Just a friendly reminder that we are hiring more investment Realtors who want a full-time challenge to help our clients, regular everyday people, mostly from the GTA, invest in the top investment towns west of the GTA.
This is for driven folks who want to multiply their current incomes.
APPLY HERE: https://www.infinitywealth.ca/hiring
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HELP US OUT!
UPCOMING EVENTS
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
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 iwin@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.
W: erwinszeto.com
FB: https://www.facebook.com/erwin.szeto
IG: https://www.instagram.com/erwinszeto/
Really enjoyed this podcast! A very open, honest conversation with Adam – lots of introspection and reflection. Glad to hear he’s enjoying and focusing on real estate investing and property ownership!