If you follow the real estate news in Canada as much as I do on paid and free sources as much as I do then you will have already heard of my guest this week in Ron Butler who started in the Mortgage Brokering business just after the housing crash happened in the late 1980s and his business Butler Mortgage is one of the largest Mortgage Brokerages in Canada.
Ron is known as the Angry Mortgage guy. His podcast is literally called Angry Mortgage where he rips on all the things wrong about real estate in Canada on both his podcast and to his 56,000 twitter followers where he has no filter so I’ll warn you now, there is some adult language not appropriate for the young ones during our episode. Ron is also a regular expert who is regularly interviewed on pretty much all the major, mainstream news outlets.
He’s here today to give you an insider’s view on why this current housing market is different than the crash of the late 80’s, who’s actually buying real estate today, advice to young people who don’t have rich parents, how he called my strategy of buying houses for my kids a sickness and ridiculous.
But before we get to Ron, I do hope you’re all having a great summer and getting ready for what will be an opportunistic fall/winter! For buyers, this will be as good as it gets before rates peak and the rhetoric from the Bank of Canada is pause and rate cuts.
For sellers, the smart, motivated, those who cannot hold on for the next year or two while rates are higher. They will successfully exit or else be stuck holding the bag till the spring.
I’ll be sharing more of my research, what our clients and I are investing in including the stocks I’m buying on the cheap if there’s interest at the September iWIN Meeting Tuesday night, September 19th for those interested in the truth about what successful, everyday investors are doing with their investments. We have a big time developer how they can still make money in this market, how folks can participate in the development and building of preconstruction without having to take possession of a property because personally, I wouldn’t want to own, rent out, pay out of my pocket massive negative cash flow.
I’d rather make money alongside the developer and only risk my investment. Unfortunately, some preconstruction investors did not realise they can lose more than their investment if the property drops more in value than their deposit.
If you’re already on our email newsletter, you’ll see we’ve already announced the event and how to register. If you’d like to be on our email newsletter like the over 10,000+ iWinningest investors in Canada are already receiving to gain that information advantage, go to www.truthaboutrealestateinvesting.ca to stay connected, be informed like a sophisticated investor should.
There’s a right way to use leverage and a wrong way and if you don’t believe me, you can hear it from the biggest real estate bear I know personally in this week’s guest, the Angry Mortgage Broker, 30+ year mortgage veteran, Ron Butler!
Again, a warning, the language used by Ron to express his opinions are not appropriate for those easily offended, nor children and they are Ron’s opinions, not mine nor that of any of my businesses. If you do offend easily please skip this episode.
In seeking any truth, getting opinions from several expert sources is ideal.
Please enjoy the show!
On to this week’s show!
The Ottawa Senators recently dominated the hockey headlines as it’s been reported they sold for around $1 billion dollars US. While Bruce M Firestone is no longer the owner, I’m sure he’s proud that what he started has ballooned to a massive success. Imagine if the Sens had kept future hall of famer, defenceman, Zdeno Chara then the Sens like every NHL team would have a Stanley Cup before the Leafs but I digress.
As mentioned before, Bruce has built 1000s of homes, dozens of commercial plazas and office buildings.
For fun and to give back, Bruce was an entrepreneur-in-residence at the University of Ottawa’s Business School, Telfer School of Management. Per his wikipedia, Bruce was a university professor as he does have his Masters in Engineering and a Phd in Urban Economics.
Bruce now focuses more on coaching real estate investors as he finds the work really rewarding so he’s here today to share the journey of his super successful career, how to be a successful leader/CEO, how he overcame much opposition to building an NHL arena on farmland, what his everyday investor coaching clients are doing to create cash flow in their portfolios.
The industrial land, co sharing, garden shed workshop strategy is particularly fascinating. That’s all on one property by the way. Pay particular attention to that part as that same real estate startup is now for sale for a couple million dollars.
Please enjoy the show.
To connect with Bruce you can find his information on his website: https://brucemfirestone.com/
On to this week’s show where we discuss deflation and how to be on the winning side of AI.
Our guest Nicholas Ning likes solving complex problems making them easy to understand and creating value. Over the last 10 years, he’s worked for Fortune 500 companies on multi-billion dollar projects around the world in strategy, finance, design, and marketing.
He’s also been hired by real estate companies, big time developers to design business models using numerous AI tools to design and market real estate projects and he’s here today to share how we small investors may learn, borrow some of these ideas for our own businesses.
Nicholas shares the story of using an AI tool to break into his bank account, what him and the bank’s CEO discussed, why the hype in AI is justified, tools he used to build a business a website to sell furniture in 15 mins for what a traditional Marketing firm would want $35,000 to 60,000 for. The moment Nicholas say the writing on the wall his day job was at risk to AI and resigned.
What he’d be teaching his children (if he had some) to prepare them for the AI revolution and the question we investors are all asking, “are real estate investors safe from Ai?”
Me personally, I’m using AI tools quite frequently these days and don’t see myself ever going back. I can’t recommend enough that everyone pay attention to what’s going on and this episode is a great place to start your journey so feel free to share with anyone you care about.
Please enjoy the show.
We have my friend Darvin Zurfluh who has a huge private equity brokerage called Pinnacle Wealth Brokers. If you’ve been around the investor community, you’ve likely seen them around at events but today we have the founder of the company joining us from Calgary, Alberta.
If you’re not familiar with private equities, well you need to be as good as private equities is part of the reason you’ll hear me say, it’s better than ever to be rich as the options for investing have never been so good and available.
I was introduced to Darvin when I asked my own Pinnacle Wealth Broker representative Steve Blasiak for a large scale podcast guest in the recreational investment space since so many of my listeners are interested in AirBnb.
Darvin having been in the investment industry since 1997 starting out at the bank, has since progressed to owning a couple hundred acres, hundreds of RV sites, cabins, campgrounds, a hotel, a golf course. Darvin details the story behind the purchase of the golf course, the analysis, and value add strategy which I find particularly fascinating.
This is a fascinating interview into entrepreneurship in the private equity, real estate investing space at large scale that is also available to middle class investors to participate in passively.
Active or passive investors will appreciate this interview and if you enjoy it, Darvin has confirmed as guest speaker at the online, November 21st, monthly iWIN Meeting. There Darvin will go more into detail what private equity investments are, how to start one to raise capital, and the story behind starting his recreational properties investment fund so make sure you’re on our email newsletter like the over 10,000 plus iWinningest investors in Canada at www.truthaboutrealestateinvesting.ca.
As we are discussing securitized investments please enjoy the show both the show and this legal disclaimer as required by the iWIN Legal Department.
If you’d like to learn more about investing with Darvin’s company Pinnacle Wealth Brokers:
Dealing Rep – Exempt Market
Pinnacle Wealth Brokers Inc.
7 Kingslea Gardens
Toronto, On M8Y2A7
Phone: 416 464 3085
Book an appointment with Steve - https://calendly.com/steven-blasiak/30min
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