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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: December, 2018
Dec 22, 2018

Hello investors!!

What a great time it is to be alive!! One of the secrets of happiness is the practice gratitude and I do this a couple times a week in my journal.  One of the secrets of motivation is to have a purpose beyond just you.

I bring this up today because I received a rather nasty email from someone I know.  He challenged the purpose of why I post what I do, saying it’s for self affirmation, states my humility is false, and are making assumptions about me.

As someone who has done a lot of self introspection and studied human psychology, I have learnt a few things.  Among them is we are all human, we are all flawed, there is no such thing as normal. I am no different, I knowingly admit I am crazy in many ways.  Just this morning I signed up for a martial arts tournament to fight other adult men. I am scared, scared of losing, scared of being embarrassed. I have been choked unconscious before in competition in front of my teammates and coaches. I am crazy. I do chase excitement. I am not normal.

Many things we all do is about our nature, we as humans enjoy challenges, we’re territorial, we have egos, we all seek approval and want to be loved.  So no judgement here if anyone wants to publicly share their wins and successes, I personally welcome it. By witness others successes, that motivates me to be successful with you. If you remember the story about the 4 minute mile. A running race to complete a mile, 1600m in under 4 minutes was first done by Roger Bannister in 1954.  How long have humans been racing for? FYI the first Olympics was in the 600’s BC. Two months after Roger Bannister’s record feat, he did it again, a sub four minute along with Australian John Landy. Once John Landy knew it was possible to run sub four, he believed in himself and made it reality.

This is the same reason I’ll continue to share my journey to freedom 45. My success was not overnight nor without sacrifice.  I have more grey hair than my dad and scars on my face from Shingles exactly seven years ago due to stress. I want to be a living case study of what is possible and the rewards that come so you the listener or friend or client (not mutually exclusive) may believe in yourself to do the same.

For the same reason I belong to a mastermind with Michelle Gauthier, Susan White, Ryan Carr, Aaron Moore - our guest this week, Luke Wywrot, Tasha Monaghan and Sarah Coupland to hear others successes to motivate me and to them the same.

If anyone is interested, I’ll share more about what drives me in hopes YOU may be more motivated to make 2019 your best.  Because to answer my hater, I’m not at peace with myself at 3am, my mind gets on a hamster wheel when I wake up in the middle of the night how I can do more, be more. That is who I am and how I arrived to where I am today and take me to places including a multi million dollar charitable foundation for my charity the Hamilton Basket Brigade to ensure hundreds of families will receive the best Easter, Thanksgiving and Christmas ever for decades long after I’m gone.

If people want to hate me for chasing my goals then go ahead. Because a good life for my kids, grandkids and giving underprivileged families their best Christmas ever mean a hell of a lot more to me than one person’s feelings.

If you’d like to spend more time with fellow world changers and investors, save the date for  my networking meeting Wednesday evening on January 23rd. We are still working on a venue but to get on the invite list go to www.truthaboutrealestateinvesting.ca/meeting and register to get on the invite list.  

Wholesaling, Flipping, Investing in the GTA with Aaron Moore

Our guest speakers Charles Wah and Andy Tran will be sharing the how tos on small in-fill real estate developments as they are building two houses from scratch that will each be a duplex.  This is the ideal starter development investment for folks as the land came included with the initial investment that already cash flows thus reducing the risks. Most of my mastermind will be in attendance as well in cash you want to meet someone who’s transacted on 70 properties or buys 12-24 properties per year or is building a 30 storey condo building or owns/manages over 200 apartment doors and of course, this week’s guest Aaron Moore.

Again that’s www.truthaboutrealestateinvesting.ca/meeting to get on the invite list.

Americans call him the “Canadian Investor” as Aaron embodies the Canadian stereotypes as he both helps and invests.  Aaron is a past winner of REIN’s Leslie Cuff Player of the Year award, that’s the big award only given to investor each year.  He’s won renovator of the year as well.

Aaron left his corporate job in the early 2000’s to make investing a full time gig.  He’s also one of the best I’ve seen at incorporating online, paid traffic strategies to source off market properties and he’s been a big help in me getting started as well.

I give you Aaron Moore.

 

To follow Aaron:

Web: https://www.housedealsgta.ca/
Linkedin: https://www.linkedin.com/in/aaronmoore1

 
Dec 7, 2018

The DOW plunged 800 points yesterday so I asked Invest Like Mike's Mike Iuliano what's going on in the markets, how he's investing (since he consistently beats the markets) and how it relates to real estate.

I hope you enjoy! If you do, please like and share so I know you want to hear more of these interviews with Mike!

To follow Mike, his group on Facebook is here: https://www.facebook.com/groups/InvestLikeMike

Dec 7, 2018

I’m back from vacation!!

Yes I know, I was back like two weeks ago from Hong Kong, China but this time I’m back from our cruise trip we had booked before our Hong Kong trip!!

We took a Norwegian Bliss cruise out of Miami with stops in St. Thomas USVI, Tortola BVI (my personal favourite for the lovely views of rainforest and coast line, and one of the nicest beaches I’ve been too), and Bahamas.

We did some amazing snorkeling right off the beach in Magens Bay, St Thomas. I was snorkeling with land developer Charles’ Wah’s dad, he goes by Wah and my brother Tony.  My brother is an advanced diver, I’m a recreational diver, we both like to dive but when travelling with kids, snorkelling will have to do. We saw lots of tropical fish, some the size of my forearm, a school of cuttlefish and the highlight was an octopus.  We hung out with our eight legged friend for a bit and were treated to a show as it changed colours to an almost white.

Snorkelling brought back memories of my brother and I snorkelling in Bahamas as kids.  This event and the whole trip was a great bonding experience for us.

On the trip was my wife and kids, Tony’s wife and kid, my mom, friends of the show Charles Wah, land developer and Andy Tran best known for his basement suite consulting business.  They both brought their families including parents. Our total group was 26 and it was so much fun!!! I call this having multiple flavours of cake and eating it too!!

Charles and Andy are my friends who were at first clients of mine then became close friends. We’re all young and ambitious entrepreneurs so it’s great we can get together like family to enjoy a pleasure cruise.  We get each other whereas many of you investors know, not many people “get you.”

I love cruising so much, I already booked my next cruise in early 2019.  You see, I’m turning 40, I thought things were downhill at 30 so even more so now.  Cherry and I are attending the 10X Growth Conference by Grant Cardone in Miami so why not hope on a 4 night cruise i in the Caribbean since we’re already in Miami and it’s so much cheaper than staying in Miami LOL :P

A couple real estate friends look to be coming too.  How great is that, a motivation conference followed by a week with fellow entrepreneurs to mastermind and have a good time.  I truly love mixing business with pleasure!!!!

Quick announcement before we get to our guest, I’m still getting questions on almost a daily basis on timing real estate, the future of real estate, blockchain and real estate, am I worried about interest rates and bubbles, the recently announcement of the GM plant closing in Oshawa etc… so come January at my monthly networking meeting I will go over how I see the world and how the research drives my decisions.  I am not an economist however I am a multi millionaire investor, I’ve coached multiple multi millionaire investors, and I spend a lot of time around other real estate multi millionaires so hopefully I’ve learnt something along the way. I’ll share the research anyways so you may make your own decisions. So go to http://www.truthaboutrealestateinvesting.ca/meeting/ to get on the invite list.

Our January guest speakers are currently developing a small piece of land and building from scratch two houses on a lot they bought with already two properties.  Pretty cool eh? Take two properties and sever the lot, build for a total of four properties and 8 units. How did they do it? Andy Tran and Charles Wah will be at my networking meeting to share how they went about doing it.

Starting Late but Retiring 5 Years Early with Doug and Anna Scott

Have you met Doug and Anna Scott? No? They are at every networking event.  They will even split up to divide and conquer if there are events going on at the same time.  I last saw Doug at the Ontario Landlord Watch Annual Conference but no Anna, she was at Scott McGilvrey’s Keyspire event in Toronto where they are member coaches.

Doug and Anna also host their own networking group in Cambridge, Ontario.  I’ve been before, it’s a great, energetic group of action takers. My wife has spoken their twice, I spoke there just a few months ago. Highly recommend you check them out if you’re in the area… or not from the area as Doug and Anna will tell you.  No great event is too far as they live in Waterloo but are regulars and members of the Durham REI meetings all the way in Whitby, Ontario so that’s 90 minutes in no traffic or five hours in Toronto traffic.

Anyways, here is their story on how even while starting late in life, investing in just a few properties allowed Doug to retire five years early, how retirement/full time investing really means spending more time doing what they want to do.  How they got started, how to be great networkers, and as always, advice for the new investor.

 

To follow Doug and Anna:

Meetup: https://www.meetup.com/topics/real-estate-investors/ca/on/kitchener/
Twitter: https://twitter.com/bikingchick23
Email: lautuspg@bell.net
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