Congratulations Keyspire, Judging award winners, and how slow and steady, winning the race is preferable over the millions and millions of being lost from overleveraged, too fast, too soon, wrong bad timing investing.  All this and more on this week’s Truth About Real Estate Investing Show For Canadians, my name is Erwin Szeto, host/producer of this show since 2016.

I’d like to start off by apologizing to this week’s guest Tim Tsai as we couldn’t get this episode out before the InvestEd Annual Conference for which I was a judge for a category of award winners.  I’m sure the event will be awesome and it will have happened the weekend after you’ll hear this and i’ll detail how great it was next episode 🙂

Congratulations to Keyspire for a successful event. I saw Shaquille O’Neal and he’s such a nice guy.  More importantly I got to connect with the many many, kind members of Keyspire, coaches, staff, partners.  The feedback on our efforts to make USA investing as easy as possible were well recognized.

My friend Scott Dillingham, owner of Lendcity USA and Lendcity Canada had a booth too and as you’d expect, real estate investors who have analysed deals in Canada understand the opportunity to diversify their investments in the USA, it’s just not easy without a team and financing which we at Share and Lendcity USA provide.

Scott and on the behalf of Share I can say we’re excited to help more keyspire members and members of any investor organization invest in the USA.

P.S. Join us at the hybrid workshop this Saturday, October 19th, 2024 at 9 AM – 12 PM EDT where we’ll dive deep into everything you need to know about creating steady, passive income from U.S. real estate—without being a hands-on landlord. 

You’ll learn how to identify cash-flowing properties and get tax advice on the legal and tax structures essential for cross-border investors from Cherry Chan, CPA, CA. Scott Dillingham will also be sharing insights on financing options available to Canadians.

In-person tickets are sold out 🔥, but there’s still time to grab your virtual spot before it’s too late!

GET YOUR TICKET HERE

Slow and Steady Wins the Race & Achieving Financial Freedom With Tim Tsai

Speaking of investor organizations, we have the co-founder of Trust Your Talent, Tim Tsai returning to the show after a two year hiatus from the show. Tim’s members include 150 who have achieved some level of financial freedom, including the first level which is to have one’s monthly expenses covered by the cash flow from their investments.

That’s a lot of people Tim and co-founder Rey have directly coached and mentored but he’s not alone as past guests of this show Vince Lee and Brooke Shang are past members and now coaches of Tim and Rey’s group.

Tim is back this week to share what has worked for his own portfolio including what has not worked, when he saw red flags and was able to avoid damage unlike the many who have lost hundreds of thousands of dollars in private lending in small towns, high leveraged, too much, too fast, too complicated investments.  However Tim’s members have survived and thrived over these same times and I can’t wait to meet the dozens of award members at Tim’s InvestED gala.

About Tim: After retiring himself at the age of 30, Tim began to pursue another goal and passion of his – helping those who are committed to achieving financial freedom do the same. To this day, Tim continues to be an active investor as he believes investing is a “lead by example” venture.

With the investment he made in his own financial education, Tim became financially free in 2 years (25 months to be exact) after his first training. In the past few years, Tim has built cash-flowing portfolios in Canada, US and the UK, using a variety of strategies – income properties, lease options (residential and commercial), creative financing, flipping, wholesale, infill development, mobile home parks, etc.

Website: https://trustyourtalent.ca

Instagram: https://www.instagram.com/thetimtsai/

To Listen:

HELP US OUT!

BEFORE YOU GO…

Before you go, if you’re interested in what kind of properties I am looking at in the landlord friendly states of the USA please go to iwin.sharesfr.com for what I consider the best investment for most Canadians, most of the time.

I’ve been investing in Ontario since 2005 and while it’s been a great, great run. I started out buying properties in the 100,000s and now it’s $800,000 to $1,000,000.  How much higher can it go? I don’t know

To me, the remaining potential for appreciation does not match the risk hence I’m advising my clients to look to where one can find rental properties that are affordable range of $150,000 to $350,000 US$, with rents that range from $1,400 to 2,600/month plus utilities.   As many Canadians recognize, these numbers will be positive cash flow and are night and day compared to anything locally. Plus the landlord has all of the rights, no rent control, and income is US dollars which are better than Canadian dollars.

If you don’t believe me, US dollars are better than Canadian dollars, go ask 100 non-Canadians which currency they prefer to be paid in.

So to regain control of your retirement planning.  Go to iwin.sharesfr.com and check out what great cash flow properties are available in the USA.  

The best part is, my US investments will be much more passive compared to by local investments as I’m hiring an asset manager called SHARE to hand hold me through the entire process.  As their client and shareholder, Share will source me quality income properties, help me with legal structure and taxes, they manage the property manager and insurance provider while passing down to me preferred rates so I save both time and money.  

Share will even tell me when to strategically refinance or sell.  SHARE can even support investors all over the country for proper diversification hence my plan is to own in Tennessee, Georgia, and Texas.  Share is like my joint venture partner but I only have to pay them fees while I keep 100% ownership and control.

If your goal in investing is to increase cash flow, I don’t know of a better strategy for most Canadians most of the time.  One last time that’s iwin.sharesfr.com to see what boring, cash flowing real estate investing can look like on your path towards financial peace.

This is how I’m going to make real estate investing great again for my family and hope you choose the same.  Till next time!

Sponsored by:

This episode is brought to you by me! We don’t have sponsors for this show. I only share with you services owned by my wife Cherry and me.  Real estate investing is a staple in my life and allowed me to build wealth and, more importantly, achieve financial peace about the future, knowing our retirement is taken care of and my kids will be able to 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 go visit www.infinitywealth.ca/events and register for our next event.

Till next time, just do it because I believe in you.

Erwin

W: erwinszeto.com
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Disclaimer:

As a committed advocate for transparent and responsible real estate investment, I want to openly share my involvement with SHARE SFR (Single Family Rental) as an Advisor. I hold an equity position in this company and receive a referral commission for clients I introduce to their services. My endorsement of their business model – focusing on direct ownership of positive cash flow income properties – is consistent with my own personal investing since 2005, is based not only on a professional assessment but also on my personal experience and belief in their approach. Please note that while I stand behind my recommendations, it is crucial for each individual to conduct their own due diligence and consider their unique circumstances before making any investment decisions. As always, my priority is to provide you with honest, insightful, and practical real estate investment education.