What a great weekend of weather!!! The weather man has been way off, it’s been way hotter than forecast these last few days and of course we spent Saturday morning indoors at our Halton Real Estate Investors group meeting talking about ecommerce businesses with Greg Kowalcyk and Brian Zammit. It was great to see so many investors taking interest in becoming more entrepreneurial with side hustle because we all know having a single source of income from a job is not the fastest path to financial freedom. I’ve actually had a number of clients who recently lost their employment and are now going full steam into eCommerce and real estate so I wish them all luck!
We have a big announcement, have you heard of that other real estate podcast out there called the Breakthrough REI Podcast with Rob Break? It happens to be among the top rated real estate investing and possibly the most downloaded podcast on the subject. I know, I haven’t heard of them either….
To tell you the truth when I started podcasting, I looked up to Rob, and have been trying to get the message out to as many as possible. Rob has interviewed 70 of the best Canadian investors. I’ve interviewed around 70 of the best Canadian investors as well. We are both accomplished investors and we’ve helped local investors from in and around the GTA acquire somewhere north of $200 million in real estate.
So we came up with this crazy idea. Why don’t the two of us put together a Master Class on investing for beginners, an investing 101 course for folks who are just starting out, those who need a refresher or your friends and family that you care about and need more financial stability in their lives.
So we want to hear from you. What city would you like us to come to? We are happy to share the secrets to the success our clients investments that have earned them over 400% from their investments in 2012 and a meager 342% for our clients who started in 2013.
Please email me at firstname.lastname@example.org or direct message me on social media.
Thank you and hope to hear from you soon!
Our guest this week is Kayla Andrade, founder of Ontario Landlord Watch, and grassroots landlord advocacy group called the Ontario Landlord Watch, feel free to use the google to check them out.
This all started when the Kayla’s city tried to download unpaid water bills to landlords and not even bothering to try and collect from the tenants whose names were on the bill and used said water. Kayla is now trying to spread word about the issues facing home service providers on the provincial scale with Ontario Landlord Watch and is getting political so have a listen on what she’s up to.
Conference details: http://ontariolandlordswatch.com/2018-ontario-landlords-watch-conference/
I hope you all had as great a weekend as I did!!! My Friday and Saturday were spent with my wife Cherry and friend James Maggs at the Archangel Summit: a business and self development conference and it was excellent!! I’m fired up to do more, be more, help more!! I will summarize my notes and present them to you all at a later time.
Happy birthday to my mom, the lovely woman who gave me life. A blessed life that I lead where I can take my mom to lunch on a Monday afternoon in a near empty restaurant as if it were a private, chefs table, just mom and I.
We had a great meal but more importantly I had time to reconnect with mom about what it was like coming to Canada.
My dad’s brother was the first to immigrate who then brought my dad to Saskatoon. Thank the powers that be he soon decided to move to Toronto as he found Saskatoon to be too cold. My mom followed on a student visa a few months later at the age of 19. For my fellow Canadians, imagine uprooting your life from a tropical climate to the frozen tundra that is Canada :P
From a language barrier standpoint, we Canadians learn French much like students from Hong Kong learn English. It’s a start but if you’ve been to Quebec, you know how challenging it is to communicate.
Anyways, thank goodness for real estate. My grandpa was able to provide my parents a downpayment on our first house in Scarborough, Ontario. The house was only $61,000 but my parents still had three mortgages. I don’t even know anyone personally who’s had a third mortgage. Seconds on primary residence are quite uncommon.
At the time, my dad was still in University, I know because I was in the family pictures at dad’s graduation. They were quite broke.
Out of necessity to pay the bills, my mom was the first real estate investor in the family. She AirBnb’d rooms in our home (before AirBnb even existed) for $50 per month plus $50 for food. Mom was cooking and cleaning for up to four house guests at a time.
My mom has sacrificed and hustled a lot resulting the blessed lives my family and my kids now lead.
Mom is now retired and can enjoy to the fruits of her labour and I get to now share my successes with her.
What greater definition of success is there than giving back to your family? This November we’re bringing mom on a Caribbean cruise with us on a brand new ship in a room with a balcony. Paid for by our real estate. Not bad for a child of immigrants.
Yes it’s actually possible and Cindy is doing it.
Cindy is a full time Real Estate Investor, Owner of Oro Properties and Consultant specializing in Toronto's South East End. With 17+ years experience in the rental and investment properties arena under her belt.
Cindy is an old friend from REIN, the Real Estate Investment Network, she’s most famous for targeting high end tenants and renovating her properties accordingly to charge precedent setting, above market rents.
We talk about how it all started, sweat equity, the Toronto market, mistakes, the earlier than expected transition from corporate to full time investor and lessons learned plus how and where she would invest today if she were to start all over.
So without further ado, I give you Cindy Wennerstrom.
Today I’m a bag of mixed emotions. My daughter is off to her first day of school, as in no more daycare (saving $500/month in daycare fees is a big win! Like gaining cash flowing property!! HAHA) , she’s going to a real school, junior kindergarten to be specific. I was choked up watching her get on the school bus for the 2.1 km commute. Cherry, my wife told me I’m silly and I am.
Here is how just one example of how nuts I am. I’m reading Wonder Woman comic to my daughter (I’ve purchased many childrens’ books showcasing strong female characters where a female is the main protagonist) and we come to the last page of her book and here it is below.
I read the page quickly as I’m getting choked up. Too often I’m looking for lessons in meaning in all aspects of life. This time I’m reading the story from a parents’ perspective, instead of “I would use all my training with the Amazons to make the world a better place.” As it is written, I rephrased the words and turned it around to my perspective, “I will use all my training to teach Robin to make the world a better place.”
Yeah, I’m nuts but she’s been out of the house a whole two hours and I can’t stop thinking about how her first day is going.
And people think real estate investing is hard. Parenting is infinitely harder….
Speaking of real estate investing, check out the new boat belonging to Mike and Evelyn!! Life is good when investing starts at age 26 and 10 properties later and being well on their way to Freedom 45.
Our show guest is none other than best selling author Russell Westcott who co-authored the book “Real Estate Joint Ventures” with Don R Campbell.
I met Russell back in 2008 as a green investor at the Real Estate Investment Network’s weekend workshop called ACRE and he’s always been one of my favourite real estate educators.
He’s on the show to share how he got started, this mistakes and lessons from building a portfolio at its peak size of 60 properties. Russell was buying a property once per month even while having a full time job as the Vice President of the Real Estate Investment Network.
I even put Russell on the spot to pitch me his latest project he’s raising capital for and it’s just as awesome as you’d expect.
Without further ado, I give you Russell Westcott, the Joint Venture Jedi.