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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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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.

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