“Deadbeat. Loser. Failure .Criminal.
Imagine growing up in a family where those words were meant to be your future. Without loved ones supporting you, would you, too, believe “You’ll never amount to anything?”
All around you, right now, there are kids who dream to be great but live without the support or circumstances to do so. Whether you were raised with encouraging parents or you bootstrapped your way on your own, you have the option to give a break to a kid in need.
Successful real estate investor and business owner Roger Auger knows firsthand. No Excuses is his story of hustling stolen mac and cheese and paying his parents’ mortgage at age 13 to running a successful real estate empire. Carve out your own path of growth and learn:
What life can be like at home for some kids, how to spot a kid without support, and the little things you can do that have a big impact,
How hard work can make almost any dream a reality,
The pathway to creating a better future through real estate investing—even if you’re a kid who comes from nothing.
Why YOU could be the answer to changing someone’s world, just by giving them a chance.
No Excuses gives us hope that the world can be improved one kid at a time. The world doesn’t give you handouts…but with a dose of Roger Auger’s hustle and paying it forward, you could be on your way to success.”
SERIAL ENTREPRENEUR OBSESSED WITH EMPOWERING ENTREPRENEURS AROUND THEIR BUSINESS FINANCES.
Her track record speaks volumes: she has built a highly profitable 7 figure company, been on Dragon's Den (the Canadian version of Shark's Tank), done a successful crowdsourcing campaign and sold two businesses in the e-commerce space.
She now works with a fellow entrepreneur, her husband on FFV Capital and Fast Forward Ventures, our real estate companies focussed on private financing and commercial real estate investing.
She’s been featured as one of the top female entrepreneurs in Canada by the w100 and also recognized as a top 20 under 40 entrepreneur by Business London.
We have Victoria Masucci
What I also found fascinating is the insurance program Victoria designed for folks like us – entrepreneurs and investors, and how she successfully included her children in her business. So without further ado, I give you Victoria.
On to this week’s guest, my friend, client, iWIN member, real estate investor, Captain Manny Cabral. He’s a great guy, for years he owned and operated a large scale construction company that even took on government contracts. One day Manny hurt his back and got a desk job running a car dealership. Manny loves cars and he’s got some good stories to share as he turned his passion into a successful side hustle importing luxury sports cars.
Manny eventually made the leap to leave his great job to be full time in contracting and investing in real estate. What I really enjoy about Manny’s application of buying private sales is even doesn’t squeeze the seller for every last dime and instead shares what price he needs for the deal to make sense for the work and risk he’s assuming. So without further do, I give you Manny Cabral of Simcoe House Buyers.
On the real estate front, can we stand down the red alert on real estate?
Not to say challenges are not ahead but much more is known about the problems we as real estate investors face compared to two months ago pre-march break.
Commercial is a sore spot both residential and non residential. Student rentals will be a challenge as McGill and UBC announced many classes will be online. What that means for our student tenants remains to be seen as many programs require labs, group work, in hospital rotations, etc…
For tenants who are looking to rent something, the timing couldn’t be much better. Same for those who have cash and credit to buy. There will always be opportunities for some so take advantage while you can. For example, I have a family member looking to sell a starter home in the suburbs and buy a bigger condo downtown Toronto. The timing could not be better. Again, opportunity will always come to those who know where to find it.
Speaking of chasing opportunities, we have a legit wealth hacker as our guest on this week’s show in Tim Hong.
Tim house hacked his first home, a 2+1 bedroom condo by renting out 1+1 bedrooms to students as his first taste of investing in real estate, then did rent to owns, an apartment building, student rentals, got licensed in real estate and coaches investors, started a property management business, had a tenant offer non monetary rent compensation, I’ll let Tim explain that, and Tim’s has been trading foreign exchange currencies for 5+ years. How’s that for a wealth hacker? I’ve also convinced Tim to do some stock hacking with his TFSA’s 😊. If there is an efficient means to make income, Tim is into it.
Tim is also a coach on my team at IWIN Real Estate and has been with me since I can’t remember, maybe 2012? It’s been a long time and without further ado, I give you Tim Hong.
On to this week’s show!
We have with us today real estate investor and private lending specialist Susan Flanagan!
Susan Flanagan is a seasoned real estate investor of over 25 years’ experience. She has done everything from regular buy and holds, student rentals, rent to own, flips and along the way added creative financing strategies to build her portfolio.
She has also been lending her own funds for mortgages for more than 12 years, as well as using private funds for her various real estate projects. That experience has led her to becoming a Mortgage Agent and then a Mortgage Broker, specializing in "Private Money 4 Mortgages" which is also the name of her website.
Susan services two types of clients.... the person who needs a Private Mortgage and the Investor who has money to lend out for a mortgage.
She considers herself a “matchmaker”, connecting lender’s and borrower’s for a WIN-WIN scenario.
On to this week’s show!
As a real estate nerd, I do enjoy reviewing real estate market stats however, we wealth hackers know, the stats are great for general consumption however none of us are investing in average real estate and the smart money invests in investment grade real estate. This is why I reached out to some of the best Investor agents I know in the top markets for investing just outside the GTA since we all focus primarily on cash flow.
On this market update show we have agents from London in the west, Justin Konikow of Prime Real Estate, Rob Break who works the same real estate brokerage I do, Rock Star Real Estate all the way from the East in Durham and Peterborough, most of you know him from the Break Through Podcast.
To the great white north of Barrie, we have John Beddome.
Representing Kitchener, Waterloo, and Cambridge, from my own iWIN Real Estate Team: Tim Hong.
And finally, the duplex queen, from Hamilton, Tammy Ditomaso.
To me this episode is a special treat as these are the agents I call when I want to know what’s going on, on the street in regards to real estate for investors. There is a lot of fear out there which is why I brought this group together to update you all on what’s happening on the front lines of real estate and property management.
I hope you enjoy the show! Without further ado, I give you Justin, John, Rob, Tim and Tammy!
This episode is with my friends Ping and Andrew of Spotted Properties Property Management in Hamilton Ontario. They are good guys and here to share show they are handling managing their tenants across their 6 or 800 door portfolio, they have a unique perspective as well and they do manage quite a few student rentals as well. The letter they sent out to tenants is on our website at http://www.truthaboutrealestateinvesting.ca/ or you are one of the clever ones, we would have sent you an email with this episode and a link to that same letter. All you need to do to make sure you get these episodes and resources we are sharing, simply go to that same website: http://www.truthaboutrealestateinvesting.ca/ and enter your name and email on the right.
On to this week’s guest: Kathleen van den Berg, MBA, CLU, CFP. I think she’s great because she’s one of the rate Certified Financial Planners who recommends owning real estate and she owns a fair amount of real estate too. I invited Kathleen to come on the show asking her to share what advice she has for her clients during these historic times.
I have the best job in the world ... and I have a ton of fun doing it.
I specialize in working with individuals and families to improve their monthly cash flow and build significantly greater wealth compared to their current approach.
Unlike most other wealth strategists, I include real estate strategies as one of the 6 key components in clients' wealth building plans.
I implement a 6 step wealth strategy system with clients and routinely am able to create over a million dollars of additonal income in retirement.
Hello Wealth Hackers!!
As you may know, I was dabbling in stock options, had a lot of early success, took a deeper dive, hired a coach who in turn is my stock hacking mentor as he loves to share and teach me outside of my coaching time. He’s is an ex Wall St, options pits trader as a career for seven years, he left to move to Hawaii and trade from home in paradise. Lee now has been full time trading for 30 years, he is the best selling author of Get Rich With Options author Lee “the Godfather of Stock Options” Lowell. You may recognize Lee’s book as it was required reading for the original Stock Hacker Academy before attending the course. He literally wrote the book of the subject that became foundational reference material for all past and future Stock Hackers.
It only made logical sense we partner with Lee to bring all you Wealth Hackers the all new Stock Hacker Academy version 2.0!! To register go to www.stockhackeracademy.ca/specialoffer all the details are there and prices go up April 22nd so don’t delay. The timing couldn’t be any better as Lee predicts the bottom of the stock market at only a few weeks away.
Needless to say, my Stock Hacking game has improved 10X, the skills I’ve learnt, the strategies that I’ve refined while dialing down my risk. Lee loves to teach and share his experience and he’s invested through THREE major economic meltdowns and recoveries before the Covid19 related correction we’re in now. I honestly don’t know anyone I’d rather learn from right now.
In real estate, I’ve always said, a real estate expert has invested through a full cycle. I’ve been through the credit crisis 12 years ago. Lee has been through THREE economic cycles hence his experience in managing risk through the current down turn and how to maximize returns during the eventual recovery has me beyond excited to maximize returns during this recession.
Yes I love real estate and it’s the best investment in the world however the stock market dropped by close to a third, the real estate market in my target areas are on pause as physical showings and open houses have virtually stopped. Personally I’m taking this social distancing time to learn a new skill that will make me money from home. We’re all stuck at home anyways, may as well learn how to maximize returns while we’re here. I can’t even mow the lawn at my investment property right now if I wanted to.
As always, I love learning something new and sharing, especially with stock prices being so cheap right now and I’m beyond excited to announce the all new Stock Hacker Academy version 2.0 in partnership with Lee Lowell. The course is entirely rebuilt from scratch in my vision, I’ve taken in all the feedback and lessons from the first course and 10X’d the new 12 month program in order to give our students the highest probability of success.
This isn’t for everyone, those who want to learn and willing to commit some time to learning and practicing will succeed. Lee and I are here to provide the education. Only those willing should enroll but knowing many of you came a long way in your real estate journeys, Stock Hacking is a brilliant complement. My wife Cherry and I are trading HELOC monies from our investment properties. All you need to do is take the course and own a smart phone.
As part of the 12 month program you get:
The timing really couldn’t get better, the market is down around 30% and just look at your other opportunities, the real estate market is on pause till the virus goes away, private lending rates don’t interest me when I can stock hack high yielding dividend paying companies, some of my favourite stocks are cash flowing via dividends of 7-10% with equity upside, why would I private lend… we’ll cover this too in the course. We’re all stuck at home anyways so may as well learn a side hustle that requires little time and effort.
To register it’s www.stockhackeracademy.ca/specialoffer
You’re stuck at home anyways, may as well learn how to make money from home and the timing couldn’t be better with the bottom of the market only weeks away. The last correction was 12 years ago, don’t wait another 12 years for the next opportunity.
By the way, speaking of the Godfather of Stock Options, I proudly present to you my mentor, best selling author of “Get Rich With Options,” Lee Lowell.
This episode is with Mortgage Expert Claire Drage
Claire’s been through this before
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.
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.
Tenants under financial distress and ability to pay rent is the subject of this week’s interview, the first in a series of emergency webinars as I’m asking friends who are leading experts in the community for favours to come on my webinar and podcast to share what they are doing starting with multifamily expert and investor Sarah Coupland.
She is a talented multifamily investor, owner of https://tagproperties.ca/ with over 10 years experience, she’s a friend, my regular go to for tenant challenges and when you listen to this interview you’ll understand why. Email subscribers to my podcast will receive the tenant letters she mentions that were sent to her own tenants, they are excellent, if you’re not already subscribed, well that’s just silly. Go to www.truthaboutrealestateinvesting.ca, enter your name and email on the right hand side.
Without further ado, I give you Sarah Coupland.
On to this week’s show!
We have good friends of mine Andy Tran who I’ve been friends with since 2008, Charles Wah I was in his wedding party, and Steve Ford who is a newer friend, client and he’s the general contractor for our new office!! What a coincidence that they happen to be real estate investors too!
They are a team of three who are passionate about infill development projects, and are currently involved in several projects in the Golden Horseshoe. Each one of us brings a unique set of skills and experiences in development, design and home construction that can help you bring your project to reality.
Andy Tran has designed over 160 income suite conversions
Charles has developed land including over 150 houses
Steve has supervised the construction of over 1,000 houses.
They know their stuff, personally invested in small residential developments and are here to share how including the #1 question: the cost to build per square foot plus all the fun soft costs.
Here’s the infill boys!
On to this week’s show!
Jamie and Leslie and Aaron Collard
Jamie and Leslie Collard are a husband and wife team who have spent the last few years building financial freedom through real estate acquisitions. Their focus in the past year has been on apartment buildings with an acquired 73 units.
They were able to “retire” before turning 40 years of age and now, they have the freedom to spend more time as a family, travel when they choose to and have no worries about their financial future.
Throughout their journey, they have become passionate about sharing with others how they used real estate to build their wealth. Because it was a challenge for them to learn the high level investment strategies in the business, they have created their own education series that will allow others to learn from the experts in the field.
Aaron Collard is their 11 year old son and wait till you hear what he’s up to.
Without further ado, Jamie, Leslie and Aaron Collard!
ADVANCED COMMERCIAL INVESTMENT CONFERENCE: https://www.collardproperties.ca/seminars
On to this week’s show!
“Mike Rosehart is Canada's Youngest Early Retiree, an Ivey Business Graduate, Youtube Social Media Influencer, Entrepreneur, and a Real Estate Investor in London, Ontario with an 8-Figure real estate portfolio comprising of over 50 buildings.
Mike is an expert Joint Venture Strategist with a wealth of experience in finding off market private deals, flipping, renovating, and managing the bottom line – focused on cost control and maximized return on investment.
Starting from humble beginnings without a dollar to his name, Mike bought his first property at 19 and built his portfolio up to over 17 properties by the age 24, using the BRRRR Real Estate Snowball Method. He retired from his day job as a Senior Analyst in IT Business Consulting in 2017 and has been enjoying Financial Independence ever since. Mike believes ANYONE can unlock F.I.R.E. and that Real Estate is one of the best vehicles to expedite the journey to freedom and maximize returns through leverage (cheap debt). Mike believes the secret to building wealth is simple: Spend Less, Earn More, and Maximize Returns on the difference.”
Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years. Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year. Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes. Ryan’s has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.
This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming
You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv - a station based in Hamilton that also serves Niagara and the GTA. Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.
There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.
Karen is one of what’s known as “The Mars 100” - 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One.
Long before her space adventures, Karen became involved in real estate investing back in 2008. You remember - the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.
Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario. Soon after, she joined the Real Estate Investment Network - “REIN” - in order to learn what she needed to know about becoming a successful landlord. Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.
Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.
Here’s where things really get interesting. Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.
She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life.
Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.
They felt ill-informed and ill-equipped to make the decisions that had to be made. And they knew that they weren’t alone. Thousands of baby boomers across
Ontario are in the same boat.
In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.
It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” - now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.
Karen …. Welcome to the podcast.
Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate. His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200. Fast forward to today and this same townhouse is selling for $399,000. The moral of the story, don’t be stricken by fear as it will cost you. Since then he has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals. His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted. Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf. Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.
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.
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
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
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.
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.
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.
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!
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.