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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: Page 6
Feb 1, 2020

Speaking of successful clients we have Kaush Nanubhai returning to the podcast.  When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto.  Fast forward to today, he’s quit his day job and gone full time real estate investor and here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver.  The house is currently being finished on the inside including adding a basement apartment.

This basement apartment strategy sure is popular!!

Without further ado, I give you Kaush Nanubhai.

Jan 25, 2020

Elizabeth is a friend, Real estate investor for 15 years, specializing in Buy, Rent and Hold, Rent to Own and Flipping strategies.  Legacy Trainer for 8 years, Investment Coach for 4 years, Founder of Sandstone Property Management (Kirkland Lake), Member of the Executive Advisory Council for Ontario Landlords Watch

Jan 18, 2020

On to this week’s guest, he’s an old friend from REIN and his name is Ming Lim.  He’s a real estate developer, investor in Waterloo and Toronto, Realtor, smart guy who just left his full time job to be in real estate full time.  I know a lot of you out there are looking for a path out of your full time job and Ming is here to share his along with how he’s able to cash flow in Toronto.

Ming and his friends are also hosting a conference that’s coming up really soon: February 1st and he’s here to share about that too. Details are in the show notes so go check them out. Website is www.volitionprop.com/quickstart

Jan 11, 2020

This week’s guest knows all about maximizing return on investment and just as important return on time.  John is an old friend, a very successful part time investor in Hamilton and the Niagara Region as he has a full time job in Toronto that he loves.  This recording was originally done in 2017 and is the #1 downloaded episode of all time for this show. For those who want real estate as a side hustle, that’s totally fine. So without further ado, I give you John Roumanis.

Dec 14, 2019

On to this week’s show!! We have a special guest in Evelyn Lamarsh. 

Evelyn who was on stage in front of almost 1,600 at the Wealth Hacker Conference and one of my first clients emailed me this morning: "Hey Erwin, Just for fun I keep track of my total rents paid over the years. As of this year, tenants have happily paid me over one million dollars in gross rents! 🙂"

Whenever I hear people tell me their reasons they can’t or don’t invest, I think of this 26 year old, single woman will a small amount of life savings pushed herself out of her comfort zone and bought a century home with a spotty roof, leaky basement, knob and tube wiring, in a historically rough area, and a street that shared the same address as many of the steel mills in Hamilton.

Evelyn had the courage to push through all the reasons in her head why she shouldn’t buy this house, I’m sure many non investors told her she was crazy and she did it anyways.  For those who invest in the West Harbour of Hamilton know how history went, that same house has nearly tripled in value and this is Evelyn’s story via flash back to this episode we recorded in 2016.  She’s since acquired more houses for a total of ten with plans for more in 2020. More importantly, husband Mike was able to retire as a car mechanic to work a 15 hour work week to maintain the properties and spend lots of time with their two young kids.

This is the truth about real estate: a 26 year old girl, on her own, can go onto accumulate a portfolio of ten cash flowing properties. I proudly present to you, our super star client Evelyn Lamarsh.

Dec 7, 2019

Hello fellow Wealth Hackers!

I thought I would have more time. More time to enjoy my kids especially my daughter before she grows up. Then I find out from Cherry my daughter has her eye on two boys from her class and two other boys have expressed their interest in her.  She’s five years old about to turn six.

The great thing about turning six is she’s now old enough for Brazillian Jiu Jitsu classes so I’m more motivated than ever to enroll her.  Brazillian Jiu Jitsu or BJJ for short is a martial art, a main staple of the UFC and MMA because of it’s effectiveness and reliance on leverage over size, strength and athleticism.  A great analogy for how to run a business or real estate portfolio: efficiency and leverage.

The scheduling is a bit challenging as our club’s classes are on Mondays and Fridays at 5pm but at least they’re only 15 mins away and its not all the equipment, travel, costs of hockey.  Thankfully, as a wealth hacker, Cherry and I for the most part have control of our schedules without long commutes.

To stir the pot, Cherry informed all four boys from my daughters class are invited to her birthday party.

Now here’s an inside look at how nutty my mind works. I’m going to plan future birthday parties for my daughter at the BJJ club.  Why? Because I figure if kids know my daughter can take care of herself then the bullies will think twice 😊

Planning ahead is big for Cherry and I. It’s why we invest in real estate, invest in ourselves and in our business.  Speaking of planning ahead, we’re already planning for the Wealth Hacker Conference of 2020. Thank you everyone who provided their input on who would rock your world as a keynote speaker, we have offers out and will hopefully have an announcement soon to coincide with the release of early bird tickets at early bird prices.

Do stay tuned here and my email newsletter, if you’re not already on it, well that’s just silly as you can stay informed when we are offering training classes, street smart tours, special promotions, and notified when new episodes of this podcast come out.

Go to www.truthaboutrealestateinvesting.ca and enter your name and email address. It’s that simple to stay on top of the best wealth hacks Canadian investors and entrepreneurs are up to.

Mortgages With & Without Banks For Investing with Claire Drage

Top Producing - Real Estate Investor - Elite Trainer – Mortgage Broker, Mortgage Alliance. Most importantly she was the lead sponsor of the Wealth Hacker Conference 2019 so obviously she has great taste!!!

Claire has been an active member of the mortgage and real estate investing industry for more than 30 years. She has experience from all sides of the industry, from managing over 140 properties in Spain, to growing her own successful mortgage brokering business in Canada. She has consistently been in the top 1% nationally with Mortgage Alliance, and recently has grown a team of agents, The Windrose Group. 

Claire has a passion for educating and sharing her expertise, from new investors to sophisticated landlords. Claire and her specialized Windrose Group Investor Team specialize in helping real estate investors develop a comprehensive strategy from purchasing their first property to their hundredth. 

The Windrose Group team focuses include cost of funds, asset protection, minimizing tax burdens, aligning acquisitions and exit strategies together with ensuring access to cash. According to Claire CASH IS KING! Claire loves sharing little know secrets such as being the banker with RSP’s, LIRA’s and TFSA’s or wholesaling strategies for those with no capital. Claire guides her clients through their entire investment strategy whether you are a newbie or long-term investor! 

 

Dec 2, 2019

This week’s guest is my friend Andrew Hines and this is a great episode. We talk about developing real estate and where the development market is going, high end student rentals, how Andrew didn’t have to invest in disaster properties to receive great price  appreciation, the importance of having a great mentor, borrowing private money to invest with. Again, a great episode.  

Andrew Hines is a real estate investor from Burlington Ontario and he's primarily invested in London Ontario. As of the time of publishing this interview Andrew has a approximately $4,000,000 in real estate holdings and is the host of The Andrew Hines Real Estate Investing Podcast.

Andrew advocates the use of the BRRRR method to achieve financial independence and he has become quite proficient in construction management, building and development due to his value-add approach to real estate investing.

Andrew owns several companies, including a construction general contractor, and has built out multiple investment property units in Southwestern Ontario Canada.

Nov 23, 2019

On to this week’s show!

We have a very special guest in Derek Foster of Ottawa, Ontario.  He’s happily married with eight kids. Derek jokes it’s because Derek doesn’t have a regular job and neither does his wife so they’re home a lot hence the eight kids.  Derek is a six time best selling author and my favourite book of his is Money For Nothing And Your Stocks For Free because he introduces his strategy for option selling.

If you’re new to investing in the stock market, I recommend you read Derek’s books as they are written at an introductory level for a grade schooler. I wish I’d read these books when I was younger as I’d be further ahead.

Anyways, I’m a big fan of Derek and it’s not easy to get him as a guest so I bought of bunch of his books to get his attention that I’ll be giving away to iWIN members.  Derek explains on this show how his strategy worked, the mistakes he made and his biggest wins. How he lost 75% of his savings before finally getting himself properly educated.  

For anyone who thinks stock options is risky, Derek shares his own experience, strategy and stocks he’s trading. 

Disclaimer time!

This service is provided to you for informational purposes only and is not investment advice to you or any other person. We are describing the investments we have made for ourselves and is reflective of our own circumstances. Your circumstances are different and any discussion here is not intended to be and must not be considered to be a recommendation for you to make the same investment(s).  Consult an adviser or dealer licensed in your jurisdiction before making any investment decision.

Derek is a nice guy and so am I I hope. FYI, Cherry and I made a $10,000 donation on behalf of the Wealth Hacker Conference to clothe, feed and provide presents to Hamilton’s most impoverished families.  We’re still processing payments from the event and will make a second $10,000 donation for a total of $20,000. That’s enough to fund an entire holiday budget for us to support 40 families or our preferred metric at the Hamilton Basket Brigade: best Christmases ever.  I’m not bragging however I do believe actions speak louder than words and we Wealth Hackers, we will be the change we want to see in the world.

It is my honour to present to you Derek Foster

Nov 23, 2019

There’s so much going through our heads in the last 48 hours.

As excited as it was for us on Saturday at the Wealth Hacker Conference, we didn’t start out that way.

Our journey started off around the time when Cherry’s grandma passed away. A small idea was planted by Maryanne Gillespie, Erwin’s coach, to host free classes to share the idea of building long-term wealth through real estate investment.

We discussed and we brainstormed, nothing really firmed up and Cherry took off to Hong Kong to attend her grandma’s funeral.

When Cherry arrived at Hong Kong after her 16-hour flight, Erwin already recruited a bunch of his friends, most of them are real estate experts, to join him on hosting an all-day educational event.

Talking about taking action, I’ve never wasted time to take action!

That was the beginning of Wealth Hacker Conference.

In February, we attended 10X Growth Con at Marlins Park Miami, part of the 32,000 people who attended the event. We were completely blown away by the 10X philosophy, but we had little idea how much 10X Growth Con affected our own planning.

We hired an event planner, Shauna Arnott, who’s also the host of the event Haste and Hustle. She brought up the idea of bringing Grant Cardone to Toronto. 

Grant is a real estate mogul. His philosophy is about investing in himself and building long-term wealth. He’s all about taking responsibility of our own lives and 10X the goal and effort to achieve the 10X goal.

Grant was a great fit, but … would his personality get along well with our humble Canadian crowd?

When in doubt, Erwin turned to Facebook.

He posted the question and asked, “would you like to see Grant Cardone or Robert Kiyosaki?”

The rest is history.

We had delay booking Grant, then we had competition. Then we had problems firming up a venue.

We wanted to deliver the best value, instead of just another real estate educational event.

Erwin reconnected with his friend Omar Khan, who has been tirelessly sharing his simple stock investment strategy with everyone around him.

Omar has lived his life on his terms. He spends most of his days managing his properties and trading stocks. Almost no one has seen him speak in public before.

We know that the world needs to hear him sharing his virtually unknown investment strategy, but we had our doubts about him early on. Can we put Omar on stage to speak to 1,500+ attendees?

Our ticket sales weren’t exactly how we expected in the summer. Our marketing agency decided to leave us before end of summer. It was tough, but it was a blessing in disguise.

This was the turning point for us. A light bulb went off in our heads. We realized that both of us needed to step up, take charge, take responsibility and promote.

If this event is our version of 10X, we gotta 10X our effort to 10X our results!

It wasn’t easy. From writing the emails that you see everyday, to posting on social media strategically, to driving for a few hours to present at different venues, to interviewing Grant Cardone in person in Miami, we spent a lot of time, effort, money and tears along the way.

Is it worth it? Hell yes. 

We have grown to become someone that we have never thought possible. We now come to appreciate the value of our network and our list 100X more. Thanks to Tom & Nick Karadza, who taught us about building and nurturing our list, before we even started having any businesses.

Are we done yet? We hope not. 

We still have a message to share. We still want to continue to help you to build your long-term wealth.

We still want to make sure you can take control of your financial life, quit the job that you always want to quit, pay for your children’s education and travel around the world.

You can continue to join us on our wealth hacking journey here.

Thank you once again for joining us at Wealth Hacker Conference.

 

Until next time,

Erwin

Nov 9, 2019

Hello Wealth hackers!!

What a week!! Fresh off Thanksgiving so it’s already a short week and I took a 6am flight to Miami, Florida on Tuesday for my meetings with Grant Cardone and Steve Spray at Cardone Enterprises.  Honestly, I don’t usually book my own flights, Cherry usually does or my travel agent but being ultra frugal at times can cost me in different ways than money and this time it did. Getting up at 2am for a 6am flight really cost me a lot of energy on Tuesday so let that be a lesson learned for next time.

Hotel check in time is not until 3pm anyways so arriving at noon wearing in a suit jacket in humid, 28 degree celsius weather while dragging luggage with me is hardly practical…

Thankfully, I was able to check in early, Thank you Courtyard Marriot, at noon, I felt like crap so I had a nap and did some work. Till my 3pm meeting with my videographer Dorian Nash.

Dorian is a good guy, 25 years old from Michigan and moved down to Miami to get out of his comfort zone, make more money to pay off his student debts from college.  Sadly he could not find his path in college, he did study Psychology but they didn’t teach him anything about the Psychology of Success (That’s the title of a wonderful book by Brian Tracy that I highly recommend).

Sadly Dorian’s story is not uncommon.  He went to college, it hasn’t helped him in his career but he’s still paying off the debt.  He asked me on camera what I would advise someone who is 25 years old and my advice doesn’t change.  

Invest in yourself first, get educated in ways you can provide the most value in your current situation assuming you like where you work.  Look at who makes the most money in your organization then request to take on similar duties. You’ll notice whoever makes the company the most money or saves the company the most money earn the highest incomes. 

My path was no different when I worked in corporate: I explored ways to transition into the Sales Department as our Sales Executives all made six figure base salaries and very lucrative bonuses based on performance.  I was highly inexperienced when I checked the job description so I made the move from Operations to Product Management.

In a software company that sells software products, those who manage the products are valuable and my salary increased by over 40%.  Increase salary meant more savings, more RSP matching, more credit for mortgages for investment properties or funding your stock investing account.

Many people start out trading time for money so you may as well trade your time for as much money as possible.  I was no different and Dorian is no different. Then we discussed real estate and stocks. As he’s still in debt and doesn’t have a downpayment for a property, I suggested stock hacking and he’s definitely interested.  He’ll start small just like we all do but it’s better to start and start small then not at all.

Anyways, as mentioned, I was in Miami, Florida to meet with Grant Cardone’s team and to interview Grant for my podcast.  I’m just waiting on the recording and we’ll publish it right away. For me it was an awesome interview. I took a week to prepare my five questions I had to submit in advance, I wrote a sixth on the spot then had to freestyle as I think Grant was enjoying the interview and we went over the 20 minutes I was allotted.

I don’t want to spoil too much, we discussed how he’s scaling his business both in revenues and in staffing: today, Cardone Enterprises is around 175 staff. I think they were three around ten years ago.

We discussed how to avoid burnout, how he’s raising his daughters and their education, why he shows off so much with his Roll Royce and private Gulf Stream jet plane, why people hate him and why people love him.  The lovely Elena Cardone walked in during the interview as well so I couldn’t help but ask her if she’s coming to Toronto on November 9th and spoiler alert, she is.

Elena Cardone is totally underrated as an influencer by the way.  She has so much presence, it felt like Julia Roberts walked into the room when she did. 

I’m getting side tracked, on to this week’s show!!

Ready, Fire, Aim Real Estate and Stock Hacking w/ Habib Olawale

We have my friend Habib Olawale of no surname :) Habib doesn’t share his surname on social media so to respect his privacy I’ll leave it out here as well.

Habib is a real estate investor with properties all over the Greater Toronto Area.  His strategy is not quite refined but he’s bought mainly new construction condo apartments spread out over the Greater Toronto Area.  He’s done some stock investing as well as he explains but I think it’s safe to say his strategy was hardly sophisticated.

We met over social media as Habib reached out after being a fan of this show, he came to an iWIN meeting in July, saw the presentation by Matthew, Omar and Adriano, my stock hacker friends and ever since, Habib has been obsessed with stock hacking.

Habib took the first Stock Hacker Academy course in September and to date has made himself over $10,000 as a beginner stock option trader.  Note he’s made far more on his real estate but even Habib wouldn’t recommend anyone follow his strategy but the most important part is he got started.

For anyone interested, the presentation that launched Habib to 10k in less than three months, you can see that exact presentation if you use the promo code stock when purchasing your tickets to the Wealth Hacker Conference.

All you need to do is go to www.wealthhacker.ca and just before selecting what level ticket you want, click on the promo code blue hyperlink and enter stock.

Or use the direct link in the show notes: 

Link: https://wealthhacker.eventbrite.ca?discount=stock 

For anyone interested in taking the same Stock Hacker Course Habib did then save the dates Saturday and Sunday Nov 30th-December 1st for the in class portion of the next Stock Hacker Academy.

 
Nov 2, 2019

Here’s a quick update from these parts, my stock option selling is going great, my realized return is $550 and I’ve collected $1,100 in cash. 

In bigger news, my AirBnb is now sold, fully furnished and we close in just a few days! I can’t wait to have that capital back so I may trade more stock options!  The plan is to increase my bank roll into six figures and take it from there. The last six weeks have been amazing for myself and our group of 70 stock hackers. With each day that passes, we have more investors reporting in their first thousand dollars in profits.  Several have a couple thousand, my friend Monica reported 10% in returns in just six weeks. That’s the high number for the group thus far and just to clarify, those are absolute numbers not annualized and the last few weeks have been quite good for the market… let’s see how long the stock market holds up.

In even bigger news, we’re about to pass 1,200 in ticket sales for our Wealth Hacker Conference.  I’m realizing I don’t mention often how many tickets we’ve sold but for everyone involved, this is the biggest audience we’ve ever spoken too.  Grant Cardone our keynote has done several talks to much bigger audiences but this is yet another step out of my personal comfort zone.

Get comfortable being uncomfortable I always say.  If you’ve followed my story of always trying new things out: AirBnb, private lending, stock option selling to stuff in my personal life, I’m a weak swimmer but I got my SCUBA license and have done at least ten dives.  Crossfit, Brazillian Jiu Jitsu, my fear of heights etc…. I’m no one special but I’m determined to just show up, go through the process, give my best on a daily basis and results tend to show up. 

For my fellow introverts, this may shock you, I prepared and delivered a presentation in Toronto last week, I went through my slides once in preparation to a room of 50-60 of mostly strangers. I’ve never given a talk on joint venture investing in real estate before but it was well received.  Just like this podcast, I think people enjoy the, no agenda, no holding back sharing we do on this show. One thing I don’t like to do on this show is to NOT scare the listener. As I produce this episode, Halloween is only days away but I’m talking about much scarier things such as a recession.

Recession, recession, recession.  There I said it. I hear it often, I don’t know when it’s going to happen, my crystal ball is no better than yours but what I know my portfolio is designed for said occurrence because it pays for itself.  My portfolio mix is almost entirely duplexes and student rentals in areas with very little vacancy.  

The great things about recessions however is the opportunity to buy the bottom and retire shortly after like this week’s guest Brian Zammit.

How An Investor Retired Him And His Wife With Dividends in 2011 With Brian Zammit

I’ve known Brian for a couple years.  He’s extremely successful with his ecommerce business of buying goods from the far east to market and sell to the west, some on Amazon too. Brian has been doing it very successfully for years.

Brian is also a real estate investor but he didn’t retire off of his real estate, he is a real estate investor which qualifies him to be on the show however I wanted this specific part of his story so you the listener may benefit and hopefully retire shortly after the next recession like Brian and his wife did.  

Brian retired him and his wife off of the stocks he bought in 2008 and 2009 after learning how to sell stock options by reading Canadian author Derek Foster’s book “Money for Nothing.”  The same book we’ve mentioned one this show a couple times.

Brian timed a once in a lifetime opportunity and nailed it.  He doesn’t think so and I’ll let him explain but if you can make an investment and retire off of it, I’m all ears because who knows when the next correction comes because I want to be ready for it.  

Brian shares how he timed the market, the plethora of books he’s read, what he really thinks of Omar and Matthew’s Stock Hacker Academy, the same program him, myself and a couple other past guests are taking.

Brian is a good guy, really sharp, and I’m really glad we had someone like him in the first group through the Stock Hacker Academy to validate the strategy works.

Oct 26, 2019

Hello Wealth Hackers!! 

Welcome to the truth about real estate investing show and we have a special guest in Grant Cardone this week.  If you’re not familiar with Grant, he is the bestselling author of The 10X Rule and If You’re Not First, You’re Last as well as a sales trainer, speaker, and entrepreneur who has worked in real estate and the auto industry. Grant Cardone is a real estate mogul who built his $1.2 Billion portfolio of multifamily properties from scratch. Moreover he was named the #1 marketer to watch in 2017 by Forbes Magazine.

You know that saying how you can judge someone by how they speak to the secretary?

Well you should see Grant. He definitely leads from the front and I can see it in his people who work with him that he’s well liked. Grant will say people only like him because he makes them money and he’s definitely charismatic, funny, and witty.

Other than hanging out with Grant, I was hanging out with one of Grant’s lieutenants in Steve Spray, he’s the host of Cardone University’s Mastermind and he’s really cool. Steve used to be so broke, he secretly lived in a furniture store where he worked. Since Steve joined Grant when they were only around ten employees, today they are 175 and he is extremely successful. We had lunch and did a bro workout together. Steve did 100 pull ups. I think I did 45. I’m going to play the age card this time as Steve is 10 years younger than me.

Steve shared how Grant personally coaches him which is wild to have a coach on that level and again, Steve is already very successful and is still learning.

The experience of being around Grant and his people definitely expanded my mindset to think bigger and I hope the same for you the listener. It may not seem like it but I stewed on these five questions I was asked to submit in advance. I’ve watched a lot of interviews of Grant and wanted to pull out that story no one has heard yet.

Personally this is one of my favourite interviews in it’s challenge and it was fun from joking about Canadian modesty to next level, multifamily investing in the hundreds of units. Grant’s Cardone Capital manages $1.2 Billion dollars US in real estate so he’s definitely the biggest real estate investor we’ve had on this show.

If you’d like to see Grant live in Toronto, on November 9th, go to www.wealthhacker.ca and use the promo code thetruth to save 10% off the public price.

Link: https://wealthhacker.eventbrite.ca?discount=thetruth

Oct 19, 2019

Hello and welcome to the Oliver Manalese show with your guest Erwin Szeto. LOL.

This episode is something different.  My old friend Oliver Manalese, one of the most successful rent to own investors I know asked me to be his first return guest on his show.  Oliver is a good guy, his business is to coach people through their problems, many self inflicted. I joked with Oliver when booking our interview, I told him “you’d be losing you S&$% with me if I was your client” I know my coach already is. LOL.

Anyway, the tables are turned today, Oliver has known me for years, since 2008’ish so it’s cool to be interviewed by an old friend who will ask those next level deep questions.

Without further ado, I give you some guy, he’s a husband and dad trying to figure out the most efficient path to financial peace and to make his kids proud.

 

Oct 12, 2019

Hello Wealth Hackers!!

Welcome to the Truth About Real Estate Show!!

If you’ve ever felt like an underdog or that project or investment you wanted to start looks insurmountable then please just think of this podcast.

Everyone and everything starts from the bottom. If you did me the displeasure of listening to the first few episodes of this show, you know how bad it was.  I was nervous like heck, I spent hours to prepare and produce the show as part of a six episode experiment. I stuttered more than usual.

I like to experiment, a test, so if a project fails, you move on to the next thing, learn lessons and move forward. I knew from the beginning, I wouldn’t be the most well spoken, our music is well, something I put together on GarageBand, our audio quality won’t be the best as my guests are hundreds if not thousands of kilometers away plus driving is just a time vampire.

I’m not sure what happened in the last month but we’ve had an overwhelming inflow of positive feedback.  Shout out to Jody Fleck, you’re email still makes me smile and happy to hear you connected with Anna Moore who is a past guest of this show and doing amazing things in affordable housing for retirees.

This morning, I checked our reviews of this podcast as a barometer as I’m updating our Marketing from time to time and in the whole world of business podcasts on iTunes, this little podcast that could is ranked 88th.  Lucky number 88. A podcast with a niche of investing and for Canadians.

Want to know the crazy part? There are only three Canadian Business Podcast ahead of the Truth About Real Estate Investing including the CBC who has a lot more funding than I do. LOL. None of the three are about real estate so I’m just speechless.

Please do keep sending in your feedback, it does help me guide where we go with the show.

One consistent feedback we have been getting is how we much truth we are sharing on this show about failures, especially mine.  I’ve shared how I'm selling my now AirBnb as it doesn’t generate enough income above and beyond a long term rental and before that, it was a student rental that didn’t work out thanks to a mentally ill student tenant who was just a nightmare.

I’ve said it from the beginning, this is the Truth About Real Estate.  It’s not always perfect and many influencers out there do have an agenda to promote their businesses and as a marketer, you don’t want to share the scary parts and there isn’t really enough time for it in our format. 

However as the host of this show, I have a lot more talk time and to make it easy on myself, I speak off the cuff, unrehearsed, just telling it like it is.

In case you missed it, the property I offered for short term rental, didn’t work out for me hence I’m selling it to do some stocks with a goal to earn higher cash flow returns like my friend Adriano, my electrician from Etobicoke who earned $120,000 or 30% returns in his first year as a stock hacker.  I can’t thank Adriano enough for getting me off my ass to believe I could be an option trader too and he is the guest of this week’s show!

How An Electrician Learnt to Hack Stocks and Earn Six Figures From His Smart Phone with Adriano

Adriano is a wealth hacker, he operates a six figure business, owns a mid sized apartment building plus three other investment properties, and he’s a six figure stock hacker.

Adriano is also only a few years away from joining Canada’s top 1% of income earners.

Let that sink in. Someone who’s formal education is Electrician college and he will out earn 99 out of 100 Canadians.  I want the same as Adriano hence I’m selling one of my ten properties to fund this investment strategy. Call it diversity, call it a cash flow play, I just want for another six figure stream of income.

Adriano is mentored for Omar Khan and Matthew Todman, both past guest of this show from a 2-3 weeks ago. If you haven’t already, have a listen to those episodes after this one.

If you’d like to take a deeper dive, you will want to see Matthew and Omar present on Nov 9th at the Wealth Hacker Conference where we have some of the world’s leading experts on growing a business, investing in real estate and stocks.  Our keynote speaker is Grant Cardone who also has multiple streams of income totalling over $100 million in revenues and his real estate company manages 1.2 billion of real estate.

As a special bonus to fans of this show and those interested in learning how to hack stocks like Adriano the electrician, use the promo code stock when buying your ticket and we will send you an exclusive video of a private presentation Omar and Matthew and Adriano did for my members only iWIN group.  All you need to do is go to www.wealthhacker.ca and just before selecting what level ticket you want, click on the promo code blue hyperlink and enter stock.

Or use the direct link in the show notes: 

Link: https://wealthhacker.eventbrite.ca?discount=stock 

If you don’t like stocks, that’s ok, I didn’t either, I was almost wiped out in 2008 with my stocks.  The Truth is I chose very young companies, highly speculative ones that didn’t pay dividends. Now I only want to own the cream of the crop of blue chip companies with decades of track record paying dividends. Only boring stocks for me as I despise speculation and gambling.

Oct 5, 2019

On to this week’s show which has been a year in the making!

Rachel Oliver is an award-winning investor and co-host of Mothers of Real Estate TV Show. After 20 years in the corporate world, Rachel retired from the rat race to spend more time with her family and invest in Rent to Own properties. Today, she is affectionately known as the “cashflow queen” because she helps investors profit with Rent to Own properties — without headaches of being a landlord. She is also the author of an Amazon best-selling book Rent to Own Essential Guide for Homebuyers. Together with her husband (Mr. No), Rachel owns and operates Clover Properties, one of the most reputable Rent to Own companies in Ontario. Connect with Rachel at Rachel@RethinkRentals.com

Host notes: pay special attention to husband Mr. NO Neil Oliver’s role and how Rachel gets her leads, and their qualifying criteria. The Oliver’s are extremely good at what they do

Sep 28, 2019

This week’s guest is a real estate investor who received media attention east of Toronto.

Alex Kouramanis is real estate investor from Toronto, specializing in the Wholesale and Flipping strategies in markets throughout Ontario. He has been investing for over 6 years, with the last 2 years being full time. In addition to investing, he is an online educator on Udemy and Skillshare, teaching Real Estate Investment, Negotiation and Personal Finance. Alex also co-hosts the monthly meetup TREIA, the Toronto Real Estate Investors Association with his friend and partner Luc Boiron.

Sep 21, 2019

“Christian Szpilfogel started as a hobby investor in 2005 in the Ottawa area and, with Chaunei Chan, converted the hobby into a full time business in 2017. Originally they would acquire cash-flowing Multi Unit Residential (MUR) buildings and ride the market but this has been refined into a more focused forced appreciation strategy including MUR renovations, expansions and new builds. Their early days taught them the basics of property management and as their portfolio grew they have become much more sophisticated in the management of their properties and the more intricate aspects of tenant management, especially when they pick up distressed assets with troubled tenancies. They have applied a number sophisticated methods in property acquisition, advanced financing and credit techniques, property management and tenant management. While they predominantly focus on MURs they also have about 25% of their holdings in commercial units. Christian enjoys giving back to the community and is an active participant in various landlord support and networking groups.”

Sep 7, 2019

Speaking of short term rentals, Mr Sve Pavic uses AirBnb as part of his repertoire in his rental hacking.  He is the CEO of RentalHacker.com and LUX Rentals.

Sve’s a young man who’s already spent an extended period of time in Costa Rica with wife and young daughter while operating his rental portfolio from there.  What’s interesting about Sve’s story is how he’s implemented several strategies: rooming house, AirBnb, legal suites, mini hotel and he’s getting great rent by pushing the envelope with just a small number of properties. I think Sve’s story should give a lot of young people and those just starting out a lot of hope. Plus his use of automation in his management is impressive.  Get those pens and notepads ready! Without further ado, I give you Sve Pavic

Aug 24, 2019

On to this week’s guest!

Just wow, my mind is blown. I was introduced to Ryan Poole, Founder of Real Trade after I posted on Facebook in search of an expert on BlockChain and real estate and what do you know, Ryan’s Major Goal: To combine blockchain technology with real estate to revolutionize the real estate industry for the better and he’s rolling it out in phases including a globalized version of the MLS using Blockchain technology and a later phase for a Blockchain based currency called the Real to buy and sell real estate including fractional ownership of real estate. I’m probably not explaining it right so listen close to how Ryan explains it.

This is a very fascinating conversation I promise you.  Ryan is also a friend to Canadian’s as he helps Canadians buy real estate in Florida, we even chat about best places for a vacation home, how to finance it as I know you big time listeners can afford vacation property either now or in the near future :)

Aug 17, 2019

Hello fellow wealth hackers!!

How do you convince someone to invest in real estate?

This was a question I was asked while on a podcast which caught me off guard as I generally don’t try to convince anyone actively as I in I don’t tell someone to their face they should invest in real estate but maybe I should because that’s my exact advice to my family.

My cousin Christopher is about to turn 19 and he’s joining the Canadian Armed Forces. I couldn’t be more proud of him. Christopher is like a little brother to me and I’ve kept a close eye on him because we lost his father, my uncle too soon to stomach cancer just over ten years ago.

Christopher is a major gear head, he’s watched every episode of that popular TV show Top Gear five times each. His video game time is spent doing simulators of trains, planes, and automobiles. So naturally, he went to college to become a mechanic and in a few weeks, he will travel to Quebec for army basic training then Kingston for job training for 30 weeks.  Once he’s done training and is working, his salary is in the 60k range and he will get a full pension after 25 years of service. Not bad?

As a treat to Christopher, I allowed him to chauffeur my family and I around as part of his send off party in my new BMW.  He loves cars and driving fast but he said he can’t afford the payments. I agreed with him, he should never be paying so much for a car at his pay and how cars and houses are liabilities if they don’t make you income.

This is all beginner stuffs to all you listeners how if you’re going to buy a home to treat it like an investment: you’re buying for value, the property has value add opportunities whether it be renting out rooms or the basement or the garage or a parking space etc.... the location has amenities in demand, there is demand for both rental and resale. We covered all the basics and I told my cousin to rent and not buy his home but instead buy an investment property in Hamilton.  Why?

The armed forces has some wonderful subsidized housing and dining options. My cousin’s room and board and MEAL Plan is about $100 per week.  To me, that’s a no brainer for a single guy and because he could be transferred anywhere in Canada for work including poor investment towns, it make sense he invest where I can keep an eye on things, where he can adopt my real estate team to manage his property for him.  No need to reinvent the wheel.

That is my honest advice to my cousin in how I convince him to invest in real estate.

More generic advice for the starting investor is to invest within an hour drive of where you live. If your target area is too far, it makes management challenging and you are less likely to make that commute necessary to grow and manage your portfolio.  If you don’t invest where I invest, that’s totally cool, I have referrals for London, Kitchen/Waterloo/Cambridge, Barrie, in the East: Bowmanville, Oshawa, Peterborough, Lindsay, downtown Toronto with full service teams just like I have in Hamilton, Brantford, St. Catharines, and Niagara Region. 

This is your investment for your retirement or to fund your child’s education or a downpayment for their home. You don’t want to trust this process to just anyone, only settle for the best.

Speaking of the best, many of you have been asking for updates on our AirBnb property.  June was great as we grossed $4300 including HST but excluding cleaning fees as that expense is a pass through. Guests pay what we pay the cleaners so personally, I leave it out for this analysis.  We collected HST, AirBnb does not collect HST separately so it comes out of our revenues, and we pay HST on a bunch for cleaning, property management and all our operating expenses. We had lots of capital expenses and one party to clean up after so June was overall negative cash flow and we are ironing out the wrinkles with the property.  

In July we had a breaker fail.  The symptoms were: the 2nd floor lost power, flipping the breaker did nothing but it hummed when flipped on.  An emergency electrical service call was needed for $150. July generated the same revenue as July but without having so many capital costs, our expenses reduced by $1900.  For July we will positive cash flow about $1000 better than a single family. Keep in mind, summer months are better than other months of the year and as such, we were 90% occupied in the month of June and July. 

Our bookings are over 90% for the next 30 days which is great and fingers crossed we keep some momentum for September.  

Note this is just one of my properties and it made a lot of sense for this particular property to be an AirBnb.  The rest of our portfolio student rental and legal basement suites. My wife and I are professional investors so we do what makes most sense with each property.

We are wealth hackers and as such I’m starting stock option trading today. My friend Omar who owns over 30 properties is going to show me how.  Omar only works 30 minutes a day while options investing, he has more than me, works way less than I do and stock options is how he raised the majority of his downpayments to buy his 30+ investment properties.  Omar has been telling me to invest in stock options for almost two years and I didn’t really listen to him till I found out he taught my electrician who updated the electrical in my AirBnb to earn six figures in his first 12 months.  This I have to learn and I’ll provide updates here from time to time and I’ll have Omar and his business partner Matthew, both with 12 years experience options investing on an upcoming episode.

Omar and Matthew are wealth hackers and are speakers at our Nov 9th Wealth Hacker. Omar and Matthew have taught over 50 of their friends and family, funny enough, they’re all real estate investors too how to invest selling stock options. Omar makes a mid six figure income working a fraction of what I do hence we want to share this with the world.

Wealthhacker.ca for details and to get your tickets. Iamawealthhacker is my discount code for you.  November 9th at the Toronto Congress Center near Pearson Airport, all the best wealth hacks in real estate investment, stock option investing and starting a small business.  My friends Tom and Nick Karadza started a small business from zero and were awarded the Profit 500 award as one of the top 500 fastest growing companies in Canada for the last three years. www.wealthhacker.ca for more details and iamawealthhacker is my discount code for you listeners.

New Investor at Age 24, Working 3 Jobs, Lessons Learnt Buying First Property, Importance of Network and REI Friends with Joseph Costanza

On to this week’s guest, young Joseph Costanza who bought his very first property at the age of 24.  He’s a young hustler having a job since 16 and several side hustles as a bartender and landscaping. After graduating from university as an architect, Joseph was lucky enough to get a job in his field of study as an intern architect and quickly realized having a job did not translate into freedom hence he researched then decided on real estate.

After being referred to myself and my iWIN group, Joseph coached by Tammy Ditomaso on my team acquired his first rental property, a single family home he is turning into a house with legal basement apartment. 

Joseph is here to share his experience, the importance of surrounding oneself with like-minded people and has some tips on how to measure to produce drawings as part of the building permit process.  Joseph is an architect, hence he does his own drawings.

Aug 10, 2019

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing.

Happy birthday to my partner in business and life Cherry Chan!! She’s a Super Woman in how she raises our kids, keeps me and my businesses in order and has her own thriving practice.

Quick funny story about Cherry: while she was still working in corporate, we were dating then and she would surf the MLS at work when bored (which was often) looking for investment property but she only owned her own home. After getting to know my business, we discussed investing in a student rental near Brock University in St. Catharines. My credit wasn't great at the time as I was a new agent so the house would be in Cherry's name.

I called Cherry while she was at work after I found a house in my target location, next to the only major mall in St. Catharines that doubled as a major public transit hub. I gave some vague details about the property to Cherry over the phone and we wrote the offer. We paid the owner exactly her asking as she was already discussing listing the house with a Realtor, the location and condition was A++ and any investor would want the same house because the annual rent would be over 1% of the after renovation value.

Cherry never saw the house till after we took possession and was happy with our purchase. The funny part was it wasn't till year after while reminiscing about how Cherry joint ventured on a property without ever seeing it, with her boyfriend she only knew less than a year but she wasn't concerned. Her contingency was if things didn't work out between us, she technically owned the house 🤣.

That was seven years ago. No different than our lives there were bumps, that basement flooded, a student snowboarded off the roof (he was on ODSP nonetheless) but otherwise it's been an excellent investment having doubled in value and the rents of gone up and zero vacancy the whole time.

Happy birthday again to my wealth hacker wife, to infinity and beyond. Together. 😘🥰😍

On to the subject on real estate

A kind gentleman who left a 5 star review on itunes asked me this: “my commute is 2 hours and I am taking courses to become a licensed real estate professional, what audio books would you recommend?”

My two cents: “If you're not first, you’re last” by Grant Cardone. The very same book, forms the teachings presented in part of Cardone University that he sells for a lot of money hence there is a lot of value in the book.  I generally find we can all improve our sales skills. Sales is not what most thing, the vast majority of sales people don’t take the profession as seriously as folks like yourselves do.  

No different than how the amateur invests in real estate vs. how a professional does.  If you’ve ever been a secret shopper as a tenant viewing properties for rent or for sale vs. toured our clients’ properties, you would see a big difference. Professionals invest more in their properties to attract the best tenants who pay the best rents knowing tenants all want clean and safe.  Invest more includes time and effort in marketing and screening tenants. If you read about tenant nightmare stories in the news, you’ll note the landlords never ran credit checks or a Naborly report on the prospective tenant.

You all know the hoops we must jump through to get a mortgage.  It would be advisable to screen tenants similarly as a bad tenant is a very expensive mistake when you are trusting them with a half a million dollar asset.

If you’re looking to get started in becoming a wealth hacker, someone on the most efficient path to building wealth, let us know.  We offer property tours in each of the top towns around the GTA which upcoming tours in Brantford and Collingwood.

We have the Wealth Hacker conference on Nov 9th, a master class on the most efficient paths to success in small business, real estate and stock options.  Go to www.wealthhacker.ca for details, discount code iamawealthhacker 

For those who are very serious about their success, we have my membership group called iWIN, short for the Infinity Wealth Investment Network.  We are a close knit group that meets monthly to share best practices on investing in real estate, staying up on the latest strategies. We meetup quarterly for a mastermind iWIN style, we do something fun together then we mastermind over a meal. So far this summer we did a Niagara Wine Tour on bike and a separate event on powerboats on a lake up north.  Both were followed by lunch and everyone had an amazing time networking with like minded people and coming away with actionable advice. For details, go to www.infinitywealth.ca 

Ex Financial Planner Now Multifamily Investing East of Toronto, Off Market Deals, Cap Rates and JV Structures with Sarah Coupland

On to this week’s guest, my friend who is a member of my mastermind group, Sarah Coupland of Tag Properties (www.tagproperties.ca

Sarah is a successful, multifamily real estate investor and one of the nicest people you will ever meet. In this interview, she took our virtual meet from her cottage afforded to her by her real estate businesses.

Sarah invests mostly where she lives, in Cobourg, Ontario where she owns several small multifamily properties.  Sarah shares how she got started and how her boyfriend now husband had to help her renovate her house if he wanted to see her (yay free labour!), she shares how she sources properties off market often buying the properties no one else wants for the best value add strategies, some crazy stories of police raiding one of her rental properties, her cap rates and show she structures the financials for joint venture partners.

Jul 27, 2019

Hello Wealth Hackers!!

 

If you missed the last episode, I shared how family and I were enjoying the weather on our back deck then we stood there powerless to watch a family of five skunks scramble to hide under my shed.

 

I love animals as much as the next person, I’ve had two dogs before, I teach my kids to respect all life, when an electrician was upgrade the service to my home, they left a space the size of a quarter in my wall leading to mice moving into my house. We live trapped over a dozen mice. Each morning I would get the kids all excited to check the live trap, they would ask if we could keep the mouse as a pet and the answer is no.  We would then release the mouse in the ravine as a family. As we kept catching mice, we got less ambitious and simply release the mice to our yard.

 

Anyways, to successfully get rid of the skunks, we didn’t hire professionals, if any of you are regularly having to hire folks to care for your properties, you know how the cost of labour is way up, we paid $100 for an appliance person to just look at my stove.  A fridge repair was $350… 

 

Back on topic, to get the skunks out, our fences and gates already keep out critters, it’s rare for me to find a rabbit in our rear yard but my kids left the gate open the night the skunks moved in.  So step 1 was to leave the gate open so the skunks could escape.

 

Step 2, as shown on my instagram I ran the hose to flood the space under my shelf

 

Step 3, I play kids song on repeat in the shed so the skunks would have no peace. Specifically “Old Macdonald had a farm….” 

 

Step 4, to check if the skunks were even still there, I placed a chunk of watermelon by the opening to the hole the skunks dug to see if they were still there.

 

Step 5, now day three, no sign or smell the skunks were still there, I blocked the opening with rocks.

 

It’s been a week and a half now and now sign of skunks but while I was running last night, I smelled skunk and if anyone was watching me, I looked like an idiot because I stopped cold in my tracks and ran off the sidewalk to the road to avoid the shadows and possible retribution from the skunk family.  I know I would be pissed off if sprayed with cold water and forced to listen to Old Mcdonald for 24hrs straight.

 

On a completely unrelated topic, we have my friend Ben Oosterveld back for now a third time to the show. If you don’t know Ben, he’s previously shared how he ran away from home when very young, lived on the streets and consumed all sorts of alcohol and drugs.

 

He’s since gotten his life together having gone on a binge of acquiring a 50+ investment properties in a short period of time, Ben is also among the highest performing Realtors I know personally having grossed over $800,000 in a year.

 

What sets Ben apart from most is his ability to wow people, let people know he cares.

 

For those of you out there looking to raise capital or build power teams of property managers, contractors, carpenters, etc… if you have a service based business which all of you landlords do: you are all what I call home service providers. Once you make the people you care about know how much you care, that makes doing business that much easier.

 

For those of you looking to level up your businesses, listen to what Ben does to wow his clients to apply to your own businesses because it works for Ben.

 

Without further ado, I give you Ben.

Jul 20, 2019

On to this week’s guest!!

She is not a real estate investor yet but she really wants to be but please don’t hate on her or my this podcast as she has many dynamo investors as best friends such as guests of this show Ian Szabo and Dion Beg, and maybe one day guest Brian Scrone who is a what I call, a centurian investor have owned over 100 investment properties in Florida.  

Why I brought Shauna on this show is because she is one of the most fascinating people I’ve ever met.  It is my belief that life is all about experiences and Shauna at whatever her age she is has 10X the life experiences of most.

One week she’s having lunch and planning a women’s conference with the Dutchess of York, the next week she flies to California for a meeting and charity concert with Maclemore, then it’s off to India for another major event planning session.  Shauna has hosted Gary V in front of 3,000 in Toronto, she’s hosting Sir Richard Branson in the next 12 months and expanding her events to Californation. But even more crazy is Shauna is going to 10X as she plans my event to host Grant Cardone :)

Funny enough, we investors all hustle and grind so we may one day travel more.  Shauna’s Haste and Hustle is so one day she may afford a down payment on an investment property and here is her story.

To follow up Shauna:

Website: https://www.hasteandhustle.com/
Instagram: https://www.instagram.com/hasteandhustle
Facebook:  https://www.facebook.com/groups/hasteandhustlers/

Jul 13, 2019

Onto this week’s guest, my friend, client, and my go to guy on construction.

This interview was triggered by hearing interviews on other podcast by beginner developers which is totally cool. Sharing is awesome and I wanted someone with mastery level experience to come on this show to share on developing and building houses.

That brings us to Steve Ford who has 12 years experience in construction and is a Project Supervisor for a local home builder having overseen the construction of over 800 houses.

Steve is a real estate investor as well having done rent to own and long-term buy and holds but is going next level in aggressively pursuing more active income by developing land and building houses via a strategy called in-fill development in which Steve explains on the show.

Steve is a wealth hacker and a good guy.  I give you Steve Ford.

To follow up with Steve:

Website: https://www.infilldevelopments.com/

Jul 6, 2019

On to this week’s guest!

For those with sights on bigger projects, Shane Melanson does exactly that! Shane started like many investors do with single family homes, did a few flips, progressed to commercial real estate including trailer parks, developing industrial condos and retail plazas.

Other than tackling these very large and complex 7-8 figure projects is Shane’s path to become a commercial expert and he’s here to share what triggered his investing, his career path before his first commercial investment and the mentorship he received along the way.

Also fascinating is how Shane structures joint venture investments with these large scale, capital intensive projects and % splits via general partner and limited partnerships.

To connect with Shane:

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