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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: February, 2022
Feb 28, 2022

From audience requests, one of the one or two dozen listeners of ours asks for stories from beginners early in their journey and for investors who started later in life. 

Today we have both in David Rahilly who is close to retirement age, has been real estate investing for only a handful of years and recently learnt how to trade stock options.

David’s full time job is that of a high school teacher in Civics of all subjects. Civics class teaches students how government works, how to be a good citizen, the Charter of Rights and Freedoms, etc…  Unfortunately this episode was recorded four weeks ago and lately there’s been a lot of confusion over the freedom to protest and when a protest becomes an illegal occupation. Being as this is a sensitive subject, I think I’ll leave it as is as too much has divided our investor community and I’d like nothing more than to find common ground.  Building wealth using best practices in real estate, stocks, private equities, whole life insurance investments for comfortable retirements and leaving a legacy for our children.

David Rahilly being a high school teacher and like minded investor like us, I wanted to hear his perspective on investing and what’s being taught in school.

We ran out of time in the interview but asked David if he’d share lessons during this most recent downturn in stocks and crypto currencies. For brevity and reduce use of technical terms, I’ve had to paraphrase.

For context, David is a student of the beta version of Stock Hacker Academy which predates the current version we deliver with Best Selling Author, Lee Lowell and he also follows the trades of the gentlemen who delivered the beta version vs. I follow Lee hence our strategies differ.

 

David’s Lessons:

  • First, be light on margin which is like borrowing to invest
  • Second, don’t trust the big players who will move the market and look to prey on small retail investors. Sell credit only on a stock you believe in at a price you want to own.
  • Third, work slowly during volatile times in a falling market.  Size the risk of each trade based on the risk of the underlying stock. Risk profile is not the same of Apple vs a Tesla stock.
  • You get paid more premium for more risk but exposure to risk much greater should the stock fall.
  • Not deploying all capital at once on a single stock. 

 

DISCLAIMER FROM Erwin Szeto: I am not an investment adviser. Neither is our guest/s. All opinions are mine alone. Or theirs. There are risks involved in placing any investment in securities or in Bitcoin or in cryptocurrencies or in anything. None of the information presented herein is intended to form the basis of any offer or recommendation or have any regard to the investment objectives, financial situation, or needs of any specific person, and that includes you, my dear listener or reader. Everything you’re going to hear is for informational entertainment purposes only.

 

Feb 21, 2022

On to this week’s show and I’m really excited to share it with you.

There are many crypto experts out there and I’ve always want to bring you my 16-17 listeners the best of the best. Like real estate, there are many experts in crypto, many have asked to come on this show to promote their book or course or coaching but something didn’t sit right with me. Maybe it’s me being too picky or analysis paralysis but being patient as it often does paid off.

A more recent, good friend of mine is close personal friends with Dmitry Buterin who is a super successful tech entrepreneur in his own right having exited his last tech company for millions of dollars in his early 40’s. 

For those of you who’s spent time in the crypto currency space, you’ll recognize Dmitry’s last name Buterin as it’s the same as Vitalik Buterin, the 28 year old Billionaire from Toronto and founder of Ethereum.  Ethereum is 2nd in market capitalization to only Bitcoin and then Ethereum is four times the market cap of third place Tether.

Dmitry has a particularly fascinating story as he grew up during the fall of the Soviet Union, yes he’s Russian so I asked his perspective of living under communism and comparing it to Canada of today.

I asked Dmitry about raising kids, investing in general and of course crypto currencies, and my favourite part, how Dmitry’s look on life changed after selling his business.

As always, when booking guests for this show, I look for interesting stories and stories from folks on the other side of hustle and bustle.  What do they do with their time and money.  It always fascinates me and hopefully you enjoy this episode as much as I did producing it.

Finally as we are talking about risky investments…

 

DISCLAIMER FROM Erwin Szeto: I am not an investment adviser. Neither is Dmitry Buterin. All opinions are mine alone. Or theirs. There are risks involved in placing any investment in securities or in Bitcoin or in cryptocurrencies or in anything. None of the information presented herein is intended to form the basis of any offer or recommendation or have any regard to the investment objectives, financial situation, or needs of any specific person, and that includes you, my dear listener or reader. Everything you’re going to hear is for informational entertainment purposes only.

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 I.  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 FREE Online Training Class.  We will be back in person once legally allowed to do so but for now we are 100% virtual.

No need for you to reinvent the wheel, we have our system down pat. Again that’s  www.infinitywealth.ca/events and register for the FREE Online Training Class.

 

This episode is also brought to you www.stockhackeracademy.ca where everyday real estate investors learn the best practices in stock investing to earn cash flow in about 15-30 mins per day from their mobile phones. After real estate, Stock Hacking is the next best hustle as you’ve heard from many past guests on this show. Among our students last year, 31 trades were shared with them. 30 were profitable for an over 96% success rate. I will be giving free demonstrations online, very similar to the one I gave my kid cousin, a full time musician and he just made 50% return in 2021.  Past of course does not predict the future but if you’d like a free demonstration go to www.stockhackeracademy.ca in the top right, click FREE Demo.  At the demonstration I’ll have special bonuses. We do not advertise publicly for all my favourite listeners and I only have two more demos to give in the next few weeks.

 

Don’t delay www.stockhackeracademy.ca, what I consider the future of side hustles with real estate so unaffordable for many.

Feb 14, 2022

On to this week’s show we have Adam Kitchener, a young man with a lot of real estate experience.  Months ago I checked in on Adam after he announced he was winding down his property management company.  As someone who’s been around and hired and fired 4-5 property management companies, as a customer, I’m familiar with the challenges in running a PM business but don’t hear it from me, hear it from someone who’s done the job.

Adam is here to share some crazy stories.  Property Managing for one of the richest people in the city, in one of the nicest apartment buildings in town.  Everyone in town knows this investor’s name. 

The pragmatic reasons Adam started investing in real estate, managing through an active stabbing inside the building he was managing.  Adam answers the question, who’s harder to manage, the investor or the tenant.  The answer surprised me…

Plus what Adam is investing his own money into these days but he does write funny posts on his facebook. https://www.facebook.com/adamrkitchener

Feb 7, 2022

On to this week’s show.

As always, we do our best from time to time to bring you leading authorities in investing and today I wanted someone to talk to investing in Alberta who also happens to invests in apartment buildings.  His name is Pierre Paul Turgeon and he has 160 doors valued at over $22 million.  Pierre-Paul is a former CMHC underwriter so he was the financial expert who reviewed the financials of apartment buildings and apartment building investors to decide if CMHC would insure the mortgage.

Pierre-Paul is very knowledgeable, he doesn’t pull any punches today so apologies in advance to anyone he offends.

He shares where his research went wrong before the most recent oil crash, the challenges of operating apartment buildings during those times. Where the oil, Alberta, apartment building market is going.  The silver lining of a major fire in one of his apartment buildings where his daughter lived. How he’s renovating for the new wave of tenants moving into Alberta.

Pierre-Paul has lots of tips so listen close if this is a subject you’re interested in and please enjoy the show!

To Follow Pierre-Paul Turgeon:

Web: www.multifamilyinvestingcanada.com

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

Email: Support@multifamilyinvestingcanada.com

Feb 1, 2022

On to this week’s guest Scott Dillingham, formerly the #2 Mortgage Broker in all of Canada for one of the big banks.  Scott shares how the investor mortgage programs changed, almost overnight at the bank, the deterioration of Scott’s health leading to his exit to start Lendcity Mortgages, an independent mortgage brokerage with investor friendly lender relationships including for corporations and even commercial lending on single family rentals.

Scott has grown his business pretty quick with almost 30 staff including a commercial lending department. He also has a sizable real estate portfolio so he knows first hand what we investors go through and he’s a good guy for being one of our top donors to the Hamilton Basket Brigade.

Scott shares his predictions for interest rates in 2022, fixed or variable rate mortgages, where he's investing in the US.

Please enjoy the show!

To Follow Scott and Lendcity Mortgages:
Web: https://lendcity.ca/
Instagram: https://www.instagram.com/lendcity_mortgages/
Facebook: https://www.facebook.com/LendCity/

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