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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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Now displaying: 2021
Dec 22, 2021

On to this week’s show!!

We have two regular guys, one is a mechanic, another a soon to be retired Accountant and hosts of the Financial Independence Garage Podcast.  They’ve both under 50 and have a lot of financial security thanks to their multiple streams of income, beyond just real estate and their frugal lifestyles.

The Mechanic and the Accountant are pseudonyms to protect their privacy from employers and you can guess, those are the jobs for which they make a living.

On this show, they share how they’ve achieved financial independence from work, details of their real estate investments including out of province investments, private lending, Stock Hacking, crypto, fractional real estate via Addy Invest.  They both share when investments did not go to plan and the lessons.

You can find them on most social media platforms by searching FI Garage and of course in the show notes I post online and in my email newsletter.

Quick disclaimer, we are all consuming adult beverages containing alcohol in this episode, if that doesn’t tell you none of what is discussed is licensed financial advice then I don’t think anything will.  We are sharing our experiences only, past of course does not predict the future unless it’s real estate which always goes up.  I’m only kidding, it only goes up most of the time ;)

Where to Follow FI Garage:

Twitter: https://twitter.com/FI_Garage, https://twitter.com/FIGarage_Mech, https://twitter.com/FIGarage_Acct

Web: https://figarage.ca/

FB: https://www.facebook.com/FinancialIndependanceGarage

Dec 13, 2021

Onto this week’s guest, MCW, Michael Collins Williams he is a professional planner and the CEO of the West End Builders Association and previous to that spend 17 years at the Ontario Home Builders Association.

He is of course an expert in Planning and Policy and he is here today to share several facts and figures to what is causing the housing crisis and where the challenges and opportunities are for the everyday investor.  I follow Mike on Twitter @mikejcw and recommend all do the same.

Please enjoy the show!

To Follow MCW:

LinkedIn: https://www.linkedin.com/in/michael-collins-williams-10ab4176/?originalSubdomain=ca

Twitter: https://twitter.com/mikejcw/ and https://twitter.com/WestEndHBA

Web: https://www.westendhba.ca/

Dec 6, 2021

Stephen Jagger is an entrepreneur, author and speaker. As co-founder and CRO of addy, he’s making real estate investment accessible to everyone.

These guys are applying technology to real estate investing to Canadians, bringing down the cost to invest and folks can invest as little as $1 and max $1,500 per project.  Yup that’s right, this model is very different from other private investments as Addy wants lots of investors vs. traditional investments want very few investors contributing large amounts.

It’s definitely an interesting story to follow.

As always folks, these are investments that come with risks, nothing is guaranteed in life let alone investments, past does not predict the future, we are here just to share experiences and what investors are up to.

To Follow Addy Invest:

Web: addyinvest.com

Instagram: @addyinvest

Facebook: https://www.facebook.com/addyinvest

Twitter: https://twitter.com/sjagger

Nov 29, 2021

On today’s show they share how they did it: systemizing, hiring, outsourcing, and delegating to buy back their time while still being active house flippers.

The Danby’s share their unique flipping strategy where if the renovation exceeds a $30,000 budget, they won’t do it.  Very opposite of the BRRR strategy everyone is talking about these days.

Why should you listen to them though? Well me and the Danbys go way back and not much has changed. Rich has won a ton of awards, regular speaker at several real estate networks, coaches investing, and was President of Ottawa Real Estate Investors Organization (OREIO) for a couple of years.

Together they’ve only bought 60+ properties across every strategy under the sun. In addition to owning real estate, they owned a Pizzeria, staging and construction company. Christina is a Realtor and Rich started a painting company during the pandemic that’s in big demand these days.

Please enjoy the show.

 

To Follow Christina:

Website:  www.christinadanby.com

Facebook:  https://www.facebook.com/Christina-Danby-Realtor

Instagram: @christinadanbyrealtor 

YouTube Channel:  https://www.youtube.com/channel/UCF_7Fkv0VzCrHfz4sXjLo2A

To Follow Rich:

Website: www.richottawainvestments.com

Website for Ottawa House Painters:  www.ottawahousepainters.com

YouTube Channel:  https://www.youtube.com/channel/UCEBSxP7KlZfB10L7HfMII8g

Nov 22, 2021

We have some super successful real estate investors with us today in Stuart and Denise MacPherson.  They’re self-described “Zoomers” as in boomers with a lot of zip.  When you hear about their journey as real estate investors you’ll know how much zip they have.

From starting with limited resources at retirement age including Stuart asking his dad for money for a downpayment on a home to becoming experts in borrowing and lending RSP mortgages to now giving away houses and developing and building multifamily housing.

Denise and Stuart are here today to share how they did it after losing much savings in the financial credit crisis of 2007-8, we get detailed on the ins and outs of RSP mortgages and a how much of numbers on different investments they’re working on.

They’re old friends of mine who’ve been super supportive to the Ottawa and Ontario real estate community so needless to say this is a pretty good show.

Please enjoy!

 

To Follow Denise and Stuart:

Instagram: @deniseandstuart

Facebook: https://www.facebook.com/DENISEandSTUART

Web: https://deniseandstuart.ca/

Nov 16, 2021

On to this week’s show!!

My friend Elizabeth Kelly is joining us to share what’s she’s been up to the last two years since she was last on the show.

Elizabeth was a paid instructor of real estate training and has trained hundreds if not thousands of investors in rent to own, wholesaling, buy and hold, etc… many of the influencers today have been her students.

Elizabeth has done over 100 rent to owns as investments, manages over 400 doors, but most importantly she’s discovered what she enjoys most and that’s helping people via coaching.

She’s on the show today to share many of the lessons and hurdles newer investors make, what market she’s selling her properties in and lesson in investing in a mining town.

So get your pen out, take plenty of notes and please learn from Elizabeth’s lesson and enjoy the show!

To Follow Elizabeth:

Facebook: https://www.facebook.com/EKConsulting.ca/

LinkedIn: https://www.linkedin.com/in/elizabeth-kelly-consulting/?trk=people-guest_profile-result-card_result-card_full-click&originalSubdomain=ca

Website: https://www.sandstonemanagement.ca/index.htm

Nov 8, 2021

On to this week’s show! We have Nick Peitsch, he’s a young, 25 year old hustler making his way investing in stocks, making 500-$1,000 per month by creating educational videos on YouTube and house hacking in Northern Alberta.  

Nick shares how he was able to learn from entrepreneurial parents and grandparents to start his wealth hacking journey without fear. His favourite stock picks (his opinion, not financial advice), the effort and metrics needed to monetize a YouTube channel.

To Follow Nick:

YouTube: https://www.youtube.com/c/nickpeitschinvesting

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

Website: https://www.nickpeitsch.com/

Nov 1, 2021

We have one of our real estate clients in Mike Ferreira, an admitted introvert, shy guy.  He’s full time truck driver for the Beer Store but one day something switched and Mike started making educational videos on real estate and posted regularly to his Instagram.  

Then what do you know, someone approached Mike at a party, asked him for a meeting and was ready to be his joint venture, silent investment partner to buy a property together.

Mike shares his journey, the numbers on his first and most recent investment property, working with Coach Tammy “the Duplex Queen” Ditomaso on my iWIN Real Estate Team.  Also as this is the Truth About Real Estate Investing Show, Mike shares about the basement from Hell… how appropriate for Hallowe’en.

Please enjoy the show. And Mike, from one shy guy to another, I’m super proud of you!

To Follow Mike:

Web: https://www.investedwithmike.com/

Instagram: https://www.instagram.com/mikeferreira82/

Youtube: https://www.youtube.com/channel/UCQfCWpaYZSz089NB2LQJzrQ?app=desktop

Oct 25, 2021

On today’s show, Anderson shares about his humble beginnings, immigrating to Canada (no one told him how much it snows here when he was recruited), how he underemployed as a Chef thanks to the pandemic but pivoted starting new businesses, the side hustle that earns him $25,000/year after expenses to fund his investing, how Anderson explains Stock Hacking to his friends and how he spends his profits on his passions.

Oh yeah, and Anderson cash flows 4% per month on average.

 

To Follow Anderson:

Bajan Kitchen on Instagram: https://www.instagram.com/thebajankitchen_ca/?hl=en

Email: foodiefleet@hotmail.com

Personal Facebook: https://www.facebook.com/dj.gatess

Oct 18, 2021

When we first met Joe, he was 24 years old and had saved $80,000 from holding down multiple jobs at the same time since he was 16. A month later, Joe had his first investment property and one day Joe was complaining to me how expensive properties are these days.  It was then I asked him to review for me what his net worth is today vs. what it was when we first met.  From $80,000 to over $1,000,000 in just two years.

The results are astounding. If you don’t believe me, ask an entrepreneur with a start up business. Or ask around 30 somethings if their net worth is over $1,000,000.

Add to that parents who while supportive in giving young Joseph food and roof over his head but were not fans of Joe investing in real estate, having tenants and taking on debt.

This is Architect Joe’s story on how he went from $80,000 to $1,000,000.

To Follow Architect Joe:

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

Facebook: https://www.facebook.com/joseph.costanza.714

Oct 11, 2021

We have a special treat in my old friend Mike Desormeaux who I met back in 2010 when I joined Rock Star Real Estate.  Mike is modest but from my recollection, he’s been the top agent and coach at Rock Star in terms of unit volume and his clients love him.

Mike wasn’t always successful though, he comes from some serious humble beginnings, from living across from the train junction yard to living out of his car but he discovered investing in real estate and life from there changed forever.

Fast forward to today, Mike is a successful investor and author of Wealth Won’t Wait, a book about creating income during uncertain times.  Funny enough Mike always wanted to write this book and did during the uncertain times of the early pandemic.

Mike is an awesome guy and he’s got a bunch of crazy real estate stories to share. Stuff you can’t make up and for those who think Realtors have it easy, here’s a behind the scenes on the hustle and risk some take on to do the right thing.

 

To Follow Mike:

Mike’s book is on Amazon, physical, kindle versions and audible.

Link: https://www.amazon.ca/WEALTH-WONT-WAIT-FREEDOM-ABUNDANCE/dp/1777393108

Instagram: https://www.instagram.com/mdsoldit/?hl=en

Oct 4, 2021

On to this week’s show!

Today we have my old friend Rachel Oliver who has achieved massive success via an investment strategy called rent to own having executed 500+ deals on said strategy.

As always with this show, we look to bring you the leading subject matter experts and without a doubt we have one today in Rachel Oliver of Clover Properties.

On this show Rachel pulls back the curtain on how she runs such a successful business in real estate from how she generates leads for tenant buyers including 800 applicants in a month, how she chooses markets for properties to invest, how she’s able to help 90% of her tenants buy the house at the end of the term.  

I think Rachel and husband Neil are great in how they run a win-win-win business.  A win for themselves, their investor and most importantly the tenant. 

Rachel also shares how she became an author, co-host of a television show, and about her extended vacation in Costa Rica.

 

To Follow Rachel:

Web: www.rethinkrentals.ca; www.hellocashflow.ca

Book: Rent to Own Essential Guide for Homebuyers: The Key to a Fresh Start and Richer Future: https://www.amazon.ca/gp/product/0992159202/ref=ppx_yo_dt_b_asin_title_o00_s00?ie=UTF8&psc=1

Sep 27, 2021

On to this week’s show!

Tim Tsai is a full time real estate professional investor and for Tim that means only working 20 hours a week. After achieving financial freedom in his late 20’s after 25 months of hustle, he took on a contract to teach what he’s learnt for almost seven years.

Tim and I have a pretty open conversation on today’s show.  He shares how he’s had several heart attacks before the age of 30, how he lost $1,000,000 on a real estate joint venture and how he’s bounced back to currently hold around 380 doors.

 

To Follow Tim Tsai:

Facebook: https://www.facebook.com/thetimtsai/

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

Web: https://trustyourtalent.ca/

Sep 20, 2021

On to this week’s show!

This week we have the lovely Kayla Andrade, hopefully by now all you real estate investors know who Kayla is. She’s been running a not for profit, grass roots organization called Ontario Landlord Watch to bring us landlords together to support one another and mobilize politically, inform the powers that be the challenges we small, private investors face in creating more housing supply and better help good tenants.  

Kayla shares why her family emigrated from Newfoundland to Ontario, changes in policy we landlords need to watch out for and how to escalate our problems at the Landlord Tenant Bureau. Plus we chat about Landlord Credit Bureau, a service that helps tenants build their credit and hold them accountable to paying rent on time.  If you’ve never heard of them, please check them out, these guys are a game changer. We’ve signed up and I wish I knew about this service years ago so we could hold those tenants who roughed up our properties accountable.

Please enjoy the show!!

 

To Follow Kayla:

Web: https://ontariolandlordswatch.com/

Facebook: Ontario Landlords Watch, @ontariolandlordswatchOLW

Email: OLWlandlords@gmail.com

Sep 13, 2021

On to this week’s show!

This is how well planned some of our shows are, George and Jessie were on their way through town for a wedding so they stopped in for a podcast.  George’s story I know, he’s a pharmacist, lives and invests in big cash flow properties in Belleville, Ontario, two hours east of Toronto.

Jessie who I’m meeting for the first time, shares with me that she started an online business, following a passion and selling jewelry during the pandemic on Etsy and generated six figures in revenue. This year she’s looking to 10X after being inspired by Grant Cardone, our keynote speaker from the Wealth Hacker Conference.  

FYI Wealth Hacker Conference II will be in the Fall of 2022.  And like all sequels, we’ve had many learning lessons, we’ve grown so much during this pandemic and Wealth Hacker Conference II will be considerably better. If you’re on my email list, you’ll be informed when early bird tickets are available for best seats and best prices.

If you’re not on our email list you can join the 10s of thousands of Canadians who already are by signing up a investortraining.ca if you’re interested in real estate and stockhackeracademy.ca if you’re interested in of course, Stock Hacking.

Back to Jessie and George who both achieved middle class soon after graduating from university.  Jessie worked as a librarian, George a Pharmacist, bought and live in a big a detached house with big yard with plans of starting a family but that wasn’t enough.

They started buying houses and Jessie hated her dead end career that came with government pension for the life of a new entrepreneur.

George shares who they started investing in student rentals and have since pivoted to legal duplexes and this is their story.

Please enjoy the show!

 

Sep 6, 2021

On to this week’s guest, my very own coach for the last seven years Mary-Anne Gillespie.  She’s a business coach, a Realtor, real estate investor, cancer survivor, orphaned and homeless at the age of 16, and more recently and insanely, an Iron Man Triathlete. 

An Iron Man Triathlon is a mere 2.4 mile open water swim, 112 mile bike ride, and finally a marathon run of 26 miles.  And she trained and completed her first race in the middle of a pandemic at altitude in the US without her team, spouse, anyone. She travelled alone.

To Follow Mary-Anne Gillespie:

Web: https://www.yourgamechanger.ca/game-changer-program

Web: http://www.redapplecoaching.ca/about-me/

Instagram: https://www.instagram.com/maryanne.gillespie_coach/?hl=en

Aug 30, 2021

This week we have YouTuber, real estate and stock investor Griffin Milks on the show.

He’s only 24 years old, for many he was set with a government job that came with a pension, his whole family works for the government and he quit.

Griffin quit to focus on real estate and creating videos.  Today he has four small multifamily properties in Gatineau, Quebec that cash flow quite nicely plus he’s earning a couple thousand per month from YouTube.

For me, it’s quite refreshing to meet such a young go-getter.

On this show, Griffin shares his numbers on small multis in Gatineau, books he recommends, favourite stocks, and advice to beginners. 

To Follow Griffin Milks:

Youtube: https://www.youtube.com/c/GriffinMilks

Aug 24, 2021

On to this week’s show!

We have a special guest in Kevin Hyunh of Empire Mortgages.  He’s special as he’s a friend and one of my trusted mortgage brokers to find me inexpensive mortgages so I may continue to invest in real estate.  Two weeks ago, we closed with a mortgage brokered by Kevin and team and we have another duplex expected to close in about a month from now requiring Kevin’s magic as well.

If you know Kevin, he’s one of those guys who gives 110% in everything he does.  He’s run marathons, he competes in Crossfit, he’s a 11 year veteran of mortgage brokering and not just A and B lenders, he does a ton of C lending which is private mortgages on top of that they do construction mortgages.

Kevin also completed Stock Hacker Academy and is achieving great returns.  If you too want to be a Stock Hacker, I’m giving a few more demos before we deliver the next course starting October 1st. www.stockhackeracademy.ca for details. Don’t delay, the sale price ends this Monday August 31th. Again that’s www.stockhackeracademy.ca

He’s also here today to share how he almost did exist but thanks to massive sacrifices by his family, he’s risen from the bottom now he’s here, drives a Tesla and golfs at one of the top clubs in Canada.

Aug 21, 2021

We have one of our real estate clients on the show today to share expertise and experience as always to grow our mastermind.

If you don’t know what a mastermind is, it’s a group of like minded people who share and support one another and today’s guest recently wrote a book on titled “The Indispensable Survival Guide to Ontario’s Long-Term Care System”

The question is what are your plans when you’re beyond the age of 65?  If you’re listening to this show then you’re an investor and planning for the the future

Many real estate investors clients of ours invest in real estate to retire their spouse and or pay for university for their kids.  Something some haven’t considered is long term care for aging parents or for themselves and I don’t want anyone blindsided by this inevitable expense hence we invited Karen Cumming back on the show.

Karen is a professional journalist, she’s even travelled to and covered the olympics and a teacher.  By nature, she’s a researcher and seeker of truths and loves to share so she’s here to share her challenges in placing her mother into a long term care facility, the range of costs and services, and of course how she invests in real estate and stock hacks.

I hope you enjoy the show!

To Follow Karen:

Web: https://karencumming.com/

Book: https://www.amazon.ca/Indispensable-Survival-Ontarios-Long-Term-System/dp/022882091X/ref=sr_1_1?dchild=1&keywords=karen+cumming&qid=1628802792&sr=8-1

Aug 14, 2021

Today’s guest Michael Ras happens to be both our real estate investor client and graduate of the Stock Hacker Academy.

Michael is successful in both having flipped a couple houses and holds a couple houses in Brantford and the Niagara Region and cash flowing $750-1,000 per month with a $30,000 account.

That’s all par for the course for guests of this show and what’s really interested in Michael has decided he wants a pay cut to work for the government as a Member of Parliament: Michael is running in the upcoming election in the Mississauga-Lakeshore riding.

Michael is here to share about the election issues, largely around housing and the red tape real estate investors like us including Michael face in creating more housing supply.  He knows exactly our pain and he’s kindly stepping up to do something about it in Ottawa.

Yes Michael is running in a party some people do not agree with but I agree with Michael on the issues and if anyone listening is running for a different party, I’m all for having you as a guest on this show to talk about the issues facing our listeners as parents, landlords and small business owners.

To Follow Michael Ras:

Web: https://michaelras.ca/

Twitter: https://twitter.com/mike_ras

Facebook: https://www.facebook.com/MichaelRasCPC

Aug 7, 2021

Here is my cousin’s story: he’s a professional musician and like many, he doesn’t make a ton of money, no pension but he does have supportive parents, he’s invested in real estate and he knows how to research and grind.

Chubby’s story is no different than many millennials, he doesn’t have huge savings for down payments for real estate but he’s managed to cash flow $57,000 in 18 months with a less than six figure investment.  How many investors can say that?  Past of course does not predict the future.

If you or someone you care about is interested in an extended version of the demonstration I gave my cousin Chubby sans red wine induced rant, then head over to https://www.stockhackeracademy.ca/freedemo-w to register.  Cherry is actually delivering the next demo but I’ll be there to support plus we will have some seats available in the office if you’re cool :)

Please enjoy the show!

Jul 27, 2021

One of my favourite things to do in the world is to make a difference in people’s lives but not just anyone, those who put in the effort to get ahead in life.

That brings us to Joel Arndt who reached out to me over direct message on Facebook a while ago followed by an ask me anything on my podcast.  Then six months ago Joel was on to share his investing success, now six months later I wanted an update and Joel, our millennial, former barista is back to share about his investment journey, talk real estate, stock hacking, and even crypto currency.

If you too are just starting out on your journey or know someone just starting out, you may want to share this episode with them.  All you veteran investors out there know, it’s harder than ever to cash flow but young Joel is here today to share how he managed a 30% cash on cash return as a beginner stock hacker in his first 12 months.

Don’t forget though, Joel has now invested heavily into his education and past results to not predict the future.  I hope you enjoy the show!

Jul 19, 2021

This episode is actually a re-release of last year’s #1 downloaded episode recorded in October 2020.

Joel Arndt is a young guy, single dad, from North Bay, Ontario millennial who like many wanted to get into real estate but the capital required to invest in a house can be steep for those without help from parents and other relatives but with his newly learnt skill of stock hacking, he’s been able to cash flow 30% over 12 months using strategies learnt from attending Stock Hacker Academy with a $10,000 investment.

For those wondering, Joel’s formal education is in religion as he attended college to become a preacher of Christianity.  He also has no formal finance education, just a willingness to learn.

Of course past results do not predict the future but in my opinion, this is the future of side hustles for cash flow without tenants and toilets and diversification away from real estate.

Jul 10, 2021

Kathleen shares a lot of things in common with you the audience and myself. She doesn’t do mutual funds even though she would get paid to.

She’s not a fan of RRSP’s and prefers cash-flowing real estate, Stock Hacking, her small business as a Financial Planner, and whole life insurance, more importantly how she borrows from her life insurance for the capital to invest in three houses plus bankroll her stock hacking account.

FYI the really good financial planners charge a lot of money for their time so we’re in for a special treat to have Kathleen on to share how she advises clients to invest which matches how she herself invests.

Please enjoy the show.

 

To follow Kathleen:

Website: https://wealthplancoach.ca/  (you can sign up for her newsletter there)

Jul 3, 2021

On to this week’s show!!

Fresh off the golf course from a lesson, we have the mothers of real estate.  For those watching on YouTube, our Truth About Real Estate Investing channel, please pardon our attire as these moms are busy having ten kids in total between the three of them and real estate empires to manage.

We came directly from golf to record this episode so we’re dressed casually and I have hat head lol.

Gillian Irving shouldn’t need any introduction, she’s returning now for the third time as a successful student rentals investor, crypto currency investor, small business owner and mom to four kids.

Monika Jazyk prefers buy and hold and more recently passively investing her capital into storage and industrial warehousing to be less hands on and more time at home to be with her four kids.

Rachel Oliver who’s been on the show before and we mastermind together, Rachel with husband Neil Oliver has the largest rent to own business in Canada with a 90% successful buyout rate by the tenants for a truly win-win-win business model for her, her investor partners, and the tenant.

We discuss if now is the right time to be buying real estate, what their parents taught them about money, if there are barriers to mothers and women to get started investing, what the ladies are teaching their kids about investing.

Please enjoy the show as it was a fun one to record :)

To follow the Mothers of Real Estate (MORE)

Web: https://mothersofrealestate.com/

50% Discount Code for their course: IWIN

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