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The Truth About Real Estate Investing... for Canadians

For Canadians by Canadians sharing the truths about generating wealth through real estate investing. This show is about getting rich slowly, investing is a marathon, no get rich quick methods will be discussed here hosted by award winning investor and three time Realtor of the Year Erwin Szeto aka Mr. Hamilton
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Jun 1, 2019

What does work/life balance mean to you?

I make it no secret that I take Sunday’s off as Sunday is recovery from Raptors Game 6 Series clincher AND Sunday Family Day!! For all you entrepreneurs out there seeking balance I have no idea what balance is. What I do know is no one likes working on Sundays so it’s a good day to take off.

Note I’ve been a young hustler for over a decade and my business and investments keep working on Sunday’s and statutory holidays so I don’t always have to work. If I do need to check on a property, I’ll bring the kids as it’s part of their education and inheritance.

Going to school will get them a job. Learning to invest in real estate let’s them level up, turn down promotions for little pay, more responsibility and worse more hours so they can spend time with my grandchildren. To me that’s balance and the definition of wealth.

When my kids look back, other than being wildly embarrassed by my antics and silliness, I hope they remember they are a priority for me.

ICYMI (in case you missed it)

 

Our next speaker for iWIN’s Wealth Hacker Conference Nov 9th is...

 

We identified this speaker as the top educator in the area of multi-family (5 units and above) investing during our brainstorming phase and he just agreed to participate.

 

Pierre-Paul Turgeon is Canada’s leading authority and insider when it comes to investing in apartment buildings because of his unique perspective on this type of investment.

 

https://www.youtube.com/watch?v=Qin5AmB1KIc

 

He is a former CMHC multi-family underwriter (he analyzed the risks for an insurance proposal) and a full time multi-family investor with a portfolio of 160 doors valued in excess of $22M. As a former CMHC apartment building underwriter, he has analyzed hundreds of apartment deals in three provinces and three territories. He has analyzed more apartment buildings than most of the largest landlords in the country. Not only is he familiar with the front end of buying apartment buildings, he is also very knowledgeable about the back-end of this business (that is, when apartment deals go sour and investors default on their loan), as he also managed the default management department in CMHC’s Prairie office.

 

This wealth of knowledge and experience enables Pierre-Paul to invest in apartments buildings strategically to ensure a sound return for his investors with low risks.

 

To register for the waitlist to get advance access to tickets at early bird pricing go here: https://www.wealthhacker.ca

 

This week’s guest is….

 

Before I introduce this week’s guest, we just passed 100 episodes which is crazy.

 

What started as a six episode experiment, I was a never wreck with nonsensical questions for my guests, I’ll always Remember asking Julie Broad if she drank coffee or tea.  Her response was do people really want to know?

 

Time went on, it’s been three and a half years now. It’s insane to me how a niche Canadian content only podcast made the top 60 on all of iTunes in the investment category so I want to take a moment to say thank you to all my listeners, my guests, especially my favourite guests many of whom dropped bombs on this podcast publicly for the very first time.

 

One was kicked out of home for substance abuse as a young teenager and lived on the streets for years only to turn it around and now they are super successful and rich.

 

Another lost her parents as a young teen and became homeless only to become on of the top coaches in our industry and is wealthy and successful.

 

Many have shared how they overcame overwhelming odds, Tahani, born in a refuge camp, came to Canada for an arranged marriage only to become a single mom, barely speaking english to go on to become one of the wealthiest people I know.

 

Jules Mckenzie, an “Indian” as he refers to himself born and raised on a reserve was told he was worthless by his teachers, then to have a challenging job of a police officer on the reserve, many dark days, failed investments only to turn it around and become wealthy.

 

To celebrate 100 episodes, I’ve reached out to several of our most popular guests for updates plus for fun a few centurian investors: investors who have owned 100 or more properties to learn their lessons so we too may learn to invest like the best of the best.

 

First off, we have my friend John Roumanis, an old friend now who owns lots of property but also the honour of having our most downloaded episode.

 

John is very well educated: MBA, CPA. He even teaches at a local college for fun. He manages tons of people at work, Canada’s largest coffee producer, he’s really smart too as a conservative stock investor choosing value plays for blue chip companies that pay dividends. He’s also really smart for choosing me to help him make close to $1million in real estate, all part time in only eight years. If you want help build and grow a real estate portfolio let me know.

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