What can I say, as any of you regular listeners know I’m far from normal but you know what I’ve learnt about spending time around successful people? We’re all sort of crazy.
Anyways, Cherry had a glass of wine, a shot of tequila, loosened up and felt like asking me whatever she wanted.
If you still trust me afterwards to help you build your wealth through real estate, I’ll be at the next monthly #iWIN meeting on Feb 28th near Pearson Airport. We have two of the nicest people in Stuart and Denise MacPherson coming all the way from Ottawa to share how to raise money with RSP’s and master of raising capital, Russell Westcott will be in the house answering your toughest questions on the subject.
Russell walks the walk too having raised 7 figures just last week and that’s capital, not mortgage money as some people on the social media are including in their definition of other people’s money. We only bring the best of the best guests speakers to #iWIN and Russell qualifies as the best selling co-author of Real Estate Joint Ventures: The Canadian Investors’ Guide to Raising Money and Getting Deals Done.
These are the things you CAN’T learn in a book or podcast . . . These are the things we bring to the table for our Freedom 45 people. My goal for our clients is not to teach them more stuff . . . it’s to make them more wealth. Anyway, if you’ve have an interest in real estate let me know, because I’ve got a killer Freedom by 45 blueprint.
Don’t worry if you’re over age 45 or close to 45, our blueprint works for anyone looking to make more money and build wealth, even if you think it’s too late for you, we can help you help your children and grandchildren to building more wealth.
Our next Infinity Wealth Investment Network or iWIN for short meeting is here in Toronto on Feb 28th and four weeks later on March 28th. If you’d like to come, you have to act fast as these events sell out.
You can register here: iwinmonthly.com/meeting
Without further ado, I give you my lovely wife Cherry Chan of www.realestatetaxtips.ca, asking me crazy questions.
I get this question a lot from recent graduates and folks switching careers. “I want to be an investors, should I become a Realtor?”
I get it so often, I invited a young gentleman named Tim to ask me his questions and record it so I may share this for anyone in the same boat as Tim.
For those wanted to get a real estate license to get access to the data available to Realtors, over 50% of agents do 0-1 transactions per year. Don’t you think you could hire one as your assistant to send you reports on the data you need? That would be considerably less expensive than the hundreds of study needed to obtain your license plus the couple thousand dollars per year in fees to maintain your license.
Food for thought and by the way, don’t listen to me for career advice or legal advice, these are merely my two cents on the subject.
Secondly, I learned in the methods of business, not following one’s passions. The market does not care if you’re passionate about real estate. I got my real estate license back in 2010 because there was a gap in the market, there was no one focussed on guiding investors in Hamilton at the time. I was part of a fair sized investor network at the time and investors there were demanding the same.
I am a Hamilton investor, I was good at it, I’m a pretty good Realtor too hence the awards you can see behind me. There was demand and no one was supplying the service to fill such demand. That’s how I made the business decision.
If you’re looking to practice as a Realtor, I suggest a similar approach to evaluating the supply, demand, competition in your target market.
A great place to start would be like I did, becoming a member of group of like minded real estate investors and my own group, the Infinity Wealth Investment Group meets on Feb 28th and four weeks later on March 28th. If you want to be a investor, I can’t recommend enough that you spend time around local, successful investors.
If you want to take an even deeper dive into our Freedom 45 program, we can create for you a business plan that can truly give you time and freedom to do other things you love.
If that interests you, come to the next iWIN event, you can register here: iwinmonthly.com/meeting
If you’re looking for a get rich quick scheme, this isn’t for you. Building wealth is a marathon, not a sprint and playing for the long-term takes a lot of the risks out of investing. No different than the Casino but I despise risks to my money.
If you’re looking for a “work hard and build an awesome portfolio” scheme, then I’m your man!
Enough from me, I give you Tim, a 23 year old, recent graduate with a Psychology degree, $40,000 of student debt with big aspirations for what’s next.
How to Win Friends and Influence People by Dale Carnegie (I can immediately tell when people contacting me, asking questions, asking for my time if they’re read this book or not)
Maximum Achievement by Brian Tracy
Psychology of Achievement by Brian Tracy
Rich Dad Poor Dad by Robert Kiyosaki
Renos to Riches by Ian Szabo
This week’s guest is excellent as always, he’s a coach, a real estate business owner with both property management, home construction businesses with 18 staff, and he’s transacted on over 200+ properties since 2003. His name is Jared Hope of Tilt Property Group and he’s seen it all, from boom, to bust and 18.5% vacancy rates in the Alberta real estate market.
Jared even shares the moment where he almost lost it all to bankruptcy, having to rely on a stranger to pay for his family’s grocery bill.
Listeners, especially those in Ontario and BC, we’ve been on a very good run since 2008, there will be a downturn and Jared is here to share lessons on where he went wrong in the early days building a massive portfolio, what he would do different to insulate himself from six figure cash calls, what experts to listen to… i have five pages on notes and know I would have 10X that if I were listening and not interviewing.
Enough from me, I give you Jared Hope.
On to this week’s guest who is NOT a real estate investor but a remarkable human being nonetheless. Not all lessons are learnt in the world of investing and my conversation with Dan Thiessen, owner of RAdix Performance Centre in Oakville, Ontario, my Crossfit gym has parallels to the business/investing world.
You want to be elite? The path is quite similar in athletics when compared to investing and Dan is an elite athlete. He’s grown up playing sports at the triple A level, he’s competed at the provincial and national level in different sports, fast forward to today, he can handstand walk for 100 feet and lift a 280 lbs barbell from the floor to over his head in one movement.
In this episode, Dan has advice for how to get started and many best practices to maintain health, fitness and performance. The perfect thing to listen to right now if you’re suffering from the winter blahs and need motivation.
Personally, I’m near the best shape of my life. The best was a few months ago before my November holidays but I can still beat up any previous version of myself.
Before our interview, I invited Steve to lunch at a fabulous restaurant on King William St, they just so happen to be one of Steve’s tenants. I also invited along with Luke Wywrot who is building a 30 storey apartment building around the corner as Luke and Steve have never met before. Luke will be by the show when’s he’s less busy. We had an awesome lunch, I was the old guy among the three of us, lots of ideas were shared on advanced real estate topics and that’s what cool about so many investors I know. Many are open to sharing how to.
Just like this episode, Steve shares what motivates him, tips and strategies to attract commercial tenants, a Field of Dreams strategy if you will in a market with double digit commercial vacancy and low rents, going from residential to commercial and on and on. Hopefully we can get Steve to give a talk at the April iWIN Meeting.