Victor shares a lot today about how to scale up a real estate portfolio, how novices can get started interning/volunteering on development projects to gain invaluable experience for a smoother transition from side hustle developer to full timer.
There’s Victor’s strategy of “buy on the line, move the line” for investing in gentrifying locations. We’ve been practising the same strategy in our local markets, I just didn’t know there was a name for it. In Hamilton the old rules were to stay south of Main St. and West of James St., as a rule breaker we didn’t listen knowing affordability would cause the areas we targeted to appreciate and it worked out incredibly well.
If you too are looking to build out a team in the areas east and west of the GTA where properties actually cash flow then don’t miss out on our street smart tours! New to 2023 we’ll be operating tours of income properties in Oshawa followed by a mastermind lunch for which I’ll be in attendance as well. This a wonderful opportunity for investors of any level, especially novices to see how the FOUR time Realtors of the Year to investors service their clients enabling them to build intergenerational wealth.
Make sure you’re on our email newsletter along with 10,000+ other hard working Canadian investors available at www.truthaboutrealestateinvesting.ca. I hope to see you in 2023 at one of our iWIN Real Estate meetups and/or street smart tours. Like Victor says, there are going to be some great deals available in the near future. Learn what a deal looks like and work with an award winning team that produces successful, multi-millionaire investor clients.
BTW, Victor is also the President of OREIO and if you’re in Ottawa, you want to check them out. In my experience, the value and quality of group can’t be beat hence I’m a paying member as well.
Personal Website: http://www.victorjm.com/
Work Website: www.Ystreetcapital.com
This week is a lovely story about a young Millennial who started his journey in his passion: health and fitness, if you’ve seen Vince Lee in person, he’s jacked and looks like a personal fitness trainer. Unfortunately for personal trainers living in Toronto, it’s hard to get by.
Thanks to his supportive partner, shout out Chewy and the Trust Your Talent community, shout out Tim Tsai, Vince has been able to create a side hustle in real estate investing, specifically rent-to-owns, scaling to larger and more projects, and moved the family from expensive Toronto to more affordable Edmonton, Alberta.
Vince’s story is a good one and reminds me of why I invest so hard, so I can afford to keep my kids close and living in Ontario.
Congrats to Vince’s success, please enjoy the show!
To follow Vince:
How refreshing is our guest Diana today! It goes to show one can’t judge from an Instagram handle. Eg Diana’s is @investorgirldiana when really it should be @sophisticatedinvestordiana but I get it. We are supposed to be humble and modest in our marketing.
But screw it. Diana is legit. She shares her experience and numbers flipping from a $2.3M luxury house in Toronto and to a century home in Hamilton to Windsor private lending as well. There are lots of numbers in this episode including mortgage rates as some of the capital was private money AND Diana shares how she personally lends her own money.
Diana’s taken expensive courses and masterminds. The quality of some is questionable as there were folks in the same masterminds as her years ago who are now bankrupt financially. That’s right, some courses, memberships, and coaching have negative return on investment. You as an investor have to conduct proper due diligence on anything you invest in including education.
Diana however with her conservative projections and husband as a skilled general contractor have navigated this declining market and exited flips profitably. Some are more profitable than others and not without challenges which Diana shares.
Sidenote: I’ve noticed a trend where an investor’s ability to execute on construction or renovations can be make or break for investors. Especially the full timers. In my experience, constantly working with the best of the best contractors has been instrumental to my clients and our own success in our portfolios. Those unable to execute
Not that any contractor is perfect unless maybe you marry them like Diana but much risk can be mitigated with the right one and proper oversight. That’s something we do for our clients, connect them with the same contractors we use and we are in regular weekly contact with them for our own projects and for our clients. As we here at iWIN Real Estate, we do volume hence we are usually our contractors top referral source and we’re all looking for win-win-win results. Win for the contractor, win for the client, win for us in that we have a happy client who buys more houses and sends us referrals.
We are in this for not just long-term but rather intergenerational relationships to create intergenerational wealth as we literally have three generation clients: grandparents, parents and the kids.
To follow Diana:
We have old friend of the show Russell Westcott who was in town all the way from Vancouver to Toronto for the Wealth Hacker Conference.
Russell has owned 100+ properties and has the battle scars and lessons on how to invest better in Edmonton Alberta. Russell is a smart guy and here to share about how his coaching clients are navigating this high interest rate environment with creative, above board financing and a couple different investment strategies for highest and best use to create more housing units and of course generate higher rents on properties that other investors simply don’t see.
As always it’s a treat to have the JV Jedi on the show, someone who’s always thinking outside the box on how to maximise returns for his coaching clients and on their properties.
I give you best-selling co-author Russell Westcott!
Arminda is a student rental investor who’s going to benefit massively from the over 40% increase to the market’s rental rates for student rentals and her current cash flow of $1,500 per month between two properties will more than double. Maybe triple.
That’s the benefit of buying right, using a fundamentally sound investment strategy, renovating with return in mind, and the importance of mentors, friends and community.
If you’re interested in quality investment properties like Arminda, my award winning team of investor specialist Realtors are ready to go. www.infinitywealth.ca
Private RESP CST Savings:
*** these are notes, not endorsements nor advice. Please seek professional financial advice
Today we have Jesse Bobrowski, Vice President of Business Development on to share how Calvert helps flippers and BRRRR investors, how much money down, rates, lender fees, terms on how they lend.
No, their focus is not to raise capital to lend out which is risky in this market but we talk about how Alberta stacks up against Ontario!! Calvert Mortgages the biggest private lender I know with $330 million out there in loans.
For more information check them out at www.chmic.ca. I know several Mortgage Brokers who refer them business and past guests of this show who swear by Calvert as well.
Please enjoy the show!
Cherry Chan, Real Estate Accountant will be sharing how to retire faster with corporate structures so you can pay less tax and invest more. Cherry and her Accounting partners have been consolidating lessons from their experience working with 500+ real estate investor clients. Since no one hides anything from their Accountant, they know the truth about real estate investing returns, losses, and most importantly the path forward.
Cherry’s on the show today to share about the burning questions she’s getting from clients these days:
Please enjoy the show!
To follow Cherry:
Phone: (416) 548-4228
On to this week’s guest we have Danielle Unsworth who has simply caught fire since attending our 2019 Wealth Hacker Conference. Danielle took the whole 10X’ing thing to heart, first she started converting basement apartments in her existing properties, then hired a coach in my old friend Susan White Livermore, she’s since invested in vacation rentals in Turks and Caicos, six townhouses, in Edmonton, each with basement suites using cheap CMHC MLI Select. You probably want to write that down to google it later. To investing in two apartment buildings in New Brunswick and whatever else she’s bought since this interview took place three weeks ago.
Danielle has shot out of a cannon and she’s built a large Instagram following and she shares how. If you’re one of the quality investors or coaches out there looking to raise capital, I suggest you give Danielle a follow as there are bankrupt investors, both morally and financially doing the same and they can raise millions of dollars. At least that’s how I justify to myself in all the content we put out there with more to come in 2023.
For Cherry and I, if nothing else it’s a public service to share the truths about real estate investing.
I give you Danielle Unsworth.
WINC: Women Investors Network Canada: https://www.instagram.com/winc.investors/?hl=en
Today we have Dalia Barsoum who’s everywhere these days and who can blame her. She’s incredibly popular for her diligence in underwriting and guiding her clients towards quality. Unfortunately, Dalia and Streetwise are picking up the pieces from deals gone sideways brokered by other mortgage brokers. I know that feeling…
Today we chat about where rates are going, what private mortgages (rates and terms) are going sideways. Some tips on how to weather this rising interest rate environment including joint venturing, our favourite Economists to follow, where the challenges are in getting new financing, apartment building financing and much much more.
Cheap debt is what makes the world go around which benefits real estate investor returns so you don’t want to miss this episode. Have a pen and paper ready!
Today, we Kyle Pearce who’s a real estate investor with 22 doors. Kyle's been investing since the last recession being braver than many buying the dip in Florida back in 2011. He’s a Stock Hacker, an online education business side hustler as Kyle’s full time job is as a Mathematics Consultant to Kindergarten to Grade 12 teachers as his local school board. Kyle teachers the Math teachers.
Kyle is passionate about education and lucky for us. It spills into the investments arena, he loves to share his knowledge, is always sharing his research with our community, and I selfishly had some questions for Kyle on how to teach Math and Investing to kids.
Now that I think of it, Kyle’s method of teaching compound interest, the 8th wonder of the world would work on adults too so you want to have your pens and note taking devices ready.
Please enjoy the show!
One of the reasons we started Stock Hacker Academy was we knew real estate was inaccessible to many AND with cash flow so squeezed on real estate, I know many are looking for better yield after their real estate portfolios had gone up so much in value.
At the end of the day, no matter the investor we’re all in search of a return on our time, passive investments that cash flow and Anderson Carter-Griffith has found a side hustle and investment that works for him.
Anderson is an immigrant and a chef who was underemployed thanks to the pandemic. He’s since pivoted to investing in stocks, trading in options, and delivers food via Door Dash, an online food delivery app.
On this show Anderson shares how he makes a couple hundred dollars combined via his side hustles and how he invests in boring stocks for the long term.
Most importantly, thanks to Anderson’s newfound financial education he has done a 180 degree turn having previously prioritised buying luxury cars and accessories and now prefers to invest for the benefit of compounding returns. Something those who unknowingly were spinning their wheels in the rat race can understand.
If you know someone looking to make some extra money to cover rent increases or inflation, Anderson has found himself a solution in side hustles.
During the interview we mention the stock and options brokerage we use. In the show notes I have a referral link that helps to support this show. Interactive brokers: https://ndcdyn.interactivebrokers.com/Universal/Application?employer=SHA8
Quick disclaimer, none of anything discussed should be considered advice but rather Anderson and I are sharing our experiences for educational purposes. Please seek professional advice.
If you can’t tell, Cherry and I prefer to buy than rent. I like hard assets and being in control. I do rent some things like cottages, hotels, cars while on vacation as I want my life to be simple. We used to lease our cars for tax purposes and those are generally depreciating assets.
Other examples of wanting to be in control is of our estate when we pass on from this world. I don’t want our staff nor our kids to have to sell off our businesses or properties hence we invest in insurance to cover the taxes as the good old government will want their pound of flesh.
As we prefer to own over rent, we prefer whole life insurance over term life insurance. If you don’t know why that’s because you’re among the 99% of Canadians. I only learnt of the Infinite Banking Concept strategy a few years ago at my real estate mastermind where I’m the poor person in the room. Several members were already applying the Infinite Banking Concept and we even brought in an outside expert from one of the big banks to educate us on the subject. Unfortunately, the subject is confusing until we met Jayson Lowe, founder of Ascendant Financial, co-Author of “The Bankers’ Secret, a Simple Guide to Creating Personal Wealth for Canadians.” And leading Financial Professional in Canada.
Jayson being an expert in whole life insurance including being a client of all the insurance providers in Canada alone gives him more experience than anyone I know.
At the end of the day, Cherry and I’s policies, because we own them, shows up on our balance sheet with the banks which they love to see hence they’ll lend us more money. We can also borrow against our policies at rates low rates and can pay it back whenever we want. Cheap money, flexibility and control. All things I like hence our plans in 2023 include growing our policies.
To explain it in further detail, I give you Jayson Lowe.
For priority access to Jayson and his team go to: https://www.ascendantfinancial.ca/cherrychan
Our Market update two weeks ago with Coach Tammy DiTomaso was a hit.
FYI to our 17 listeners, the vast majority of real estate investors are investing as a side hustle. The truth about real estate is the folks who successfully make full time careers as investors is a small minority. I remember asking a mortgage broker friend who focuses on investors tell me only 1% reach 10 or more properties. That number has gone up a lot since then but my point is, do what’s right for you. No need to compare yourself to folks with 100’s of doors. The other truth is several investors are in financial distress right now who were over leveraged and had challenges executing their flips or BRRR’s of simply speculated and can no longer afford their investments at the current interest rates.
Boring, cash flowing starter homes is the bread and butter of our team since 2010. Starter homes with renovations to increase cash flow such as basement suite conversion or student rental worked pre pandemic and still works in this declining market hence we have coach Stephen Phillips to talk to the towns east of the GTAin terms of the deals and the numbers behind the properties investors are buying right now in today’s market that make sense.
Coach Steve has extensive experience in real estate having owned and operated a kitchen and countertop business. Their stuff was so nice they caught the attention of HGTV’s Scott McGilvray and his business was part of 20 something episodes on Scott’s shows. Steve grew up in the Durham area, East Greater Toronto Area and now focuses on the areas East in the investor friendly towns from Oshawa and Kingston but primarily the sweet spot of Belleville.
The most common request we receive from new clients is “I want a deal” so as a service to you 17 listeners, we’re here to provide context to what a deal looks like so have your pens, paper, spreadsheets ready as we’ll talk to current opportunities and the analysis behind them.
On to this week’s show!
Full disclosure, Tim Collins is one of our longest time clients hence he’s bought and held properties for several years in order to get rich slowly. He’s also taken our Stock Hacker Academy courses. He’s switched careers a couple times from high paid tech executive to now a Real Estate Agent. Moved his family from Orangeville, Ontario to Nanaimo, BC for warmer weather and a view of the ocean.
Tim is open minded, successful, wants more out of life and is now financially free and has the option to retire early thanks to his now $10,000+ passive, dividend income each month from his stock portfolio. Tim’s mental health is likely better than that of most investors these days.
From my experience working with investors everyday, many of you want passive cash flow hence I’m excited to bring you this episode to learn how Tim escaped the 9-5 rat race and golden handcuffs by building wealth in real estate then pivoting to stocks for greater yields and passivity.
We’re all on this journey of learning together and what better way than to learn from folks who have what we want.
Announcement regarding Stock Hacker Academy, we’ve completely revamped the course to make it more comprehensive and added numerous modules to aid those new to the stock market. Plus several value adds we will announce at the Wealth Hacker Conference. As always, we believe in and practise continuous improvement and I’m beyond excited to share with our community the absolute best version of our beginner course at the lowest price anyone will ever see and only available for purchase at the conference. Just another bonus for those in attendance!
Please enjoy the show!
On to this week’s show!
Our guest Andrew Hines I believe needs little to no introduction. He graduated from the top Business School in Canada based on my biassed opinion of also graduating from the same school. Andrew is one of the good ones in having shared his losses early on investing in Ohio early in his investor journey; he’s built townhouse complexes, invested in high end student rentals, currently he’s more focused on diversification by developing and building in Florida plus a start up, 90 acre, high end campground.
We talk about economics, where the market is going and when/where Andrew thinks there will be opportunities.
Have you pens and notepads ready!
Please enjoy the show!
Grotto Getaway: https://www.airbnb.ca/users/461668746/listings
This week, we have the very successful Quentin D’Souza on the show. There are tons of coaches and Multifamily experts out there but in my experience, Quentin is one of the best. I know many of his past students including Steve Phillips on my iWIN Real Estate team and his investment partners. Not many share a track record of successful like Quentin.
He’s on today’s show with Cherry giving the interview as I was out hosting a golf event with fellow 7 figure entrepreneurs so as we sometimes do, “divide and conquer” I wrote down some questions I wanted to ask Quentin about apartment building investing, investing in US, where best to find cash flow, what the future holds. You know, same stuff you ask anyone who bought five apartment buildings or 177 units this year alone and is always looking to level up.
Quentin is an old friend, the Chief Education Office and founder of Durham REI, a really great, long running networking group that meets monthly, he’s authored four books including the most recent ”The Action Taker's Real Estate Investing Planner” link https://www.amazon.ca/Action-Takers-Estate-Investing-Planner/dp/099367173X?dplnkId=a0338035-2ffa-4400-9b24-053578dc6df7&nodl=1#aw-udpv3-customer-reviews_feature_div
Obviously a big time investor.
Please enjoy the show!
On to this week’s show!
We have a young rock star in Joseph Costanza who was 24 when we met and owner of the title of the youngest client we’ve ever had. He’s a young hustler who when I met him had three jobs: Architect day job; bartender, evening weekend job; landscaper with remaining time not sleeping.
Thanks to all that hustle and saving money by living at home with his parents, young Joe saved up enough money for his first investment property of his now five properties. Crazy enough he’s already made his first million dollars hence he’s now our youngest of 45 self made investor millionaire real estate clients at 28.
Joe’s here today along with Coach Tammy from the iWIN Real Estate team to give us an update on his expansion project in Sudbury which didn’t go so well and his lessons so you may avoid the same mistakes he made.
Plus a gem of an expired listing in Hamilton that coach Tammy helped Joe with that eventually was priced well under market because the property failed to sell, was rough and the challenging tenant with previous orders against him by the Landlord Tenant Board.
We talk numbers on the most recent deal so have your pens and calculators ready or email us at firstname.lastname@example.org and we can send you Coach Tammy’s draft numbers.
Please enjoy the show!
To follow Joe’s journey:
This week we have a really interesting interview of a gentleman, co-worker at Rock Star Real Estate, my friend Montu Dhillon. He has a unique background having worked his way up the corporate ladder in the financial services world, specifically compliance so he saw first hand who really makes the money in the investment services industry, hence he started buying real estate.
Montu shares how he started like most of us do, hustling hard, in search of cash flow buying houses, duplex, fourplex, Airbnb then later transitioned into new construction condos for the negative cash flow but way less headaches. Montu is a bit of a trader as well having divested some properties near the peak and what property type he has his sights set on may surprise you.
Montu shares his experience in the current market of writing low ball offers and being on the receiving end as well.
This is definitely a story of resilience, entrepreneurship, and taking control of one’s financial future.
For Montu’s free digital book: web https://www.dhillonrealtysystems.ca/
Seeing how much folks are travelling these days, a trend I expect to continue, how do real estate investors capitalise? Well today we just so happen to have an AirBNB expert who manages 100 doors for AirBNB use and only owns one of them, a 250 acre property he’s going to develop into a vacation resort and wait till you hear the numbers, they will astound you.
I met Avery Birch at a conference in Quebec City a few months ago, having real estate in common and 7-figure entrepreneurs, we connected right away. Do you see what extents I go to to bring you, my 17 listeners interesting guests?
Ever since covid restrictions loosened, I’ve really enjoyed getting back out there networking with like minded investors and entrepreneurs. If you’re looking for the next can’t miss conference you’ll want to save the date, Saturday November 12th, all day for the Wealth Hacker Conference, live and in-person near the airport with plenty of free parking. We’ve hired speakers and sponsors for all the things you need for your most efficient path to your financial goals so you may have more freedom with how you spend your time: building your own business, retirement, travel, etc…
After interviewing Avery, maybe I’ll diversify a bit into AirBNB because with all the experience Avery shares today in operating 100 AirBNB’s, we get an insider’s look into which AirBNB’s offer the highest returns and it’s not what you think.
Please enjoy the show.
To connect with Avery:
Ryan shares what kind of projects he’s investing in and he’s writing a book and starting a podcast on the subject of highest and best use for real estate. You’ll want to pay attention to what Ryan shares are beginners often get this part wrong in not being efficient with their time and money in maximising their returns.
Please enjoy the show!
Hussein is a trusted advisor to Cherry and I since he understands the problems faced by families with assets hence he prepared our wills for us and handled our most recent refinancing of now five properties. That’s right, we’re freeing up capital, improving our cash flow to be ready to take advantage of these dips in the market.
Hussein knows a good investment when he sees one hence he was one of the first to sponsor Cherry and I’s Wealth Hacker Conference. If you too are interested in sponsoring please reach out to us by responding to any email you receive from us.
Hussein and I discuss several topics including what investments he likes and absolutely refuses to assist clients with (yup, those investments are just that bad). How someone as successful as himself wants to raise humble children, investing in physical gold.
As always, it’s fascinating to pick Hussein’s brain so please do enjoy the show!
Antonio had a broken childhood as the child of hard working, blue collar immigrant parents who were busy working 60 hour weeks to put food on the table. His story of how he turned it around is full of lessons for anyone out there wanting to turn their fortunes or with troubled teenagers.
And did Antonio ever turn it around graduating university top 10 in his class, got the top co-op placements and great jobs after school.
As he’s a student of some of the greatest investors out there: Warren Buffet, Ray Dalio; he’s in private equity for the Ontario Teachers’ Pension learning from some of the best investors out there and currently works for one of the big five Canadian Banks on Bay Street.
Like myself, Antonio is not loyal to real estate, he’s an investor who happens to prefer real estate for highest returns and best investment thesis.
This is a pretty cool episode and if you know any troubled younger people, you may want to share this with them.
Please enjoy the show!
On to this week’s show! We have my business coach Mary-Anne Gillespie who I’ve been since around 2014 back when there was no Zoom. Mary-Anne or Coach MAG as she’s known, we did coaching over the phone and she lives in Ottawa so I never got to see her but for as long as I’ve known her, she’s been running long distance and high energy.
Since meeting Coach MAG, she’s beaten Cancer, didn’t even tell me she had Cancer and you’d never know talking to her. She lost 150 pounds. For the first time publicly on this show, she shared with me how her parents died when she was 16 and was homeless.
On our last episode Mary-Anne shared how she completed her first Iron Man Triathlon in the US during the lockdowns and pandemic, she’s immunocompromised from having Cancer, only had one shot of the vaccine and still travelled to Tulsa and finished the race.
That was just over a year ago, last weekend Mary-Anne not only completed another Ironman but she won 1st place.
I don’t know how she does it.
Coach is a successful Realtor, real estate investor, entrepreneur, she’s a member of several of the most exclusive mastermind groups therefore has lots of insights into the markets and economy.
If you’re not inspired by this interview - I don’t know what will.
Please enjoy the show!
Episode 2 of the Stock Hacker Academy Show!
In addition to all of the weekly real estate episodes, we’re trying out this monthly stock market focused episode.
The audio for these episodes are taken from our weekly Stock Hacker Youtube Show. We realize that many of you aren’t video people. These monthly Stock Hacker shows will bring you the best information and stock market education we put out on a regular basis.
This month we cover:
A synopsis for each segment is below.
And if you’re a real estate investor who’s investigating the stock market, we’ve prepared a free guide just for you.
“How Real Estate Investors Find Cash Flow in the Stock Market” is a collection of 5 stories from real estate investors and entrepreneurs just like you who are using stock hacking to augment their cash flow.
Beginners Guide to Canadian Dividend Stocks:
There’s only one form of truly passive income… Dividend stocks.
You can find Canadian dividend stocks that have increased their dividend for almost 50 years straight!
Long running dividend increases could be a sign that the company is healthy and stable.
Learn more about dividend stocks in this segment.
How real estate investors left money on the table with stocks
The stock market lost more than 50% of its value over a 17 month period between 2008 and 2009. And many of us ran from it.
We turned to real estate. It was so much more stable! And it’s treated us very well.
But then you compare the stock market returns vs real estate returns between march 2009 and May 2022…. 😱
This segment reveals how we left a LOT of money on the table when we swore off stocks and what you can do about it now.
That’s all for this month’s Stock Hacker Show.
If you enjoyed this new stock market focused material, let us know in an Apple Podcasts review, on Instagram, or on Facebook.
Building wealth together,
On to this week’s show! We have my friend Derek Foster who successfully retired a long time ago, 2004 was the last time he had a job and Derek is retired, retired. Enjoying his time off, chilling and raising his eight, that’s right eight kids so it’s not like he has nothing to do.
As a wealth hacker, I have a natural interest in studying how the rich get rich in lazy ways, Derek has done that for almost two decades and has written six best selling books on the subject, and recently he’s been navigating the crash in the stock market quite masterfully as at the time of the recording, the stock market was down 15% year to date, Derek is only down 5% hence he’s completely outperforming the market and likely outperforming pretty much every professional money manager out there. Is there any wonder Derek helps us teach at Stock Hacker Academy?
On our recent visit to our nation’s capital of Ottawa, we invited Derek and his wife to lunch and record this podcast episode in our AirBnb. It’s great to catch up with Derek and learn about how he’s investing in stocks these days so you the listener and I may learn and hopefully create another passive income stream.
No, he’s not on social media other than Linkedin but he doesn’t update that lol