With all the craziness going on it’s nice to have a palate cleanse with go getters like my old friend Amanda Bouck and Marty Gordon.
I first met Amanda around ten years ago at Rock Star Real Estate when she was running the day to day as the in house Property Management business.
Fast forward ten years she’s managed a team of coaches, created educational content at Keyspire and together with her husband Marty, a licensed carpenter who’s gone from employee in construction to general managing their own property management company and investment portfolio of small multis in Guelph to small apartment buildings in London. Apparently Marty has free time between all that, their one year old son to coach as a Keyspire coach as well.
Hey, I’ll never fault anyone for multiple streams of income ;)
Amanda and Marty’s journey from beginner investors in their early 20s to the present, 17 years later, a fair sized portfolio and getting close to buying and building their dream home on large acreage and custom built mansion. It’s an inspiring and real journey.
Amanda and Marty share how they journey wasn’t easy and required hard work. Success is not guaranteed but with hard work, smart decisions, over a large period of time, it’s hard not to be successful.
To connect with Amanda and Marty
Email: amanda@eliterentalmanagement.ca
LinkedIn: https://www.linkedin.com/in/martygordon-swingingthehammer/?trk=pub-pbmap&originalSubdomain=ca
YouTube: https://www.youtube.com/@HouseHustlers
Facebook: https://www.facebook.com/amanda.gordon.739
On to the show!
I had no idea how many new tax rules we investors have to deal with this year, the Underused Housing Tax is especially concerning as I’ve spoken to many pros out there who don’t understand it either. What’s worse is the penalty is $5-10k for not filling and a lot of us investors have to complete and submit the Underused Housing forms even though we are an excluded owner thus having no liability. We still have to file the forms though.
I’m not an Accountant though but I did invite my lovely wife, Cherry Chan, CPA, CA who happens to be the most in demand Real Estate Accountant speaker to share some of the top tax changes we investors face for 2023.
Cherry does break down these same tax tips on her YouTube Channel Real Estate Tax Tips so make sure to subscribe to her channel along with the 10,000 other subscribers.
https://www.youtube.com/@RealEstateTaxTips
In case you’re curious, yes Cherry is still accepting new clients but not sure for how much longer. admin@cccpa.ca is the email address for your inquiries.
Please enjoy the show!
Today we have my friend Saurabh Singhal who is a real estate lawyer and litigation specialist out of Mississauga, Ontario.
Saurabh services some of our clients and a whole lot more investors from the general public so he’s seeing first hand the financial difficulties that speculators and private lenders have put themselves into.
Saurabh himself is working on 32 files for power of sale, meaning the borrower is in default and the lender is forcing sale to repay the debt. We also discuss lessons from many 2nd mortgages gone bad.
To my 17 listeners, please do extra due diligence out there when vetting partnerships and private lending. There are exit scams going on where gurus are looking to raise capital while already bankrupt or approaching bankruptcy.
At the same time, fear is high and the time to be greedy is good timing. As always, my preference is to invest in assets I control in the markets where I’m an expert and recommend my clients do the same. If these 32 investors in power of sale were to have followed my advice this all could have been avoided. All they had to do was listen to this podcast which is available for free…
Unfortunately they didn’t and it will be my clients looking to buy distressed properties like we already are.
Feel free to reach out if you do enjoy working with professional service providers such as my team and we can get you investing like a professional and all we charge is Realtor commission which is paid by the sellers anyways.
Saurabh Singhal is a returning guest of the show so we did cover his journey to move his family to Canada, transition from a crown prosecutor in India to become a Canadian lawyer. I recommend checking it out as the story is an inspirational one.
Please enjoy the show!
Website: https://www.singhal-law.ca/
Email: lawyers@singhal-law.ca/
We have something a little different, a real estate investor with a lot of heart in Melissa Dupuis, we rarely have investors on this show who target those on social assistance but Melissa has with her renovated, repositioned 10 bedroom rooming house.
As we don’t have many rooming house investors on this show, we spend some time on the subject in terms of numbers, target tenants, regulations, and of course the numbers: $525k on the buy and after fully renovated, $6,000 plus per month in rent.
Melissa is a true sophisticated investor as she’s an avid student and action taker in converting underutilised properties as she’s currently converting a duplex into a triplex to improve cash flow in this rising interest rate environment.
As always, real estate investing is a team sport, Melissa has engaged in hiring a coach and has a mentor. Melissa details how she found them and how it worked out.
Melissa is also a Property Manager, owner of Athena Property Management Inc servicing Niagara Region, Hamilton and she’s also a land banker in Belize.
Please enjoy the show!
IG: @eatsleeprealestaterepeat @athenapropertymanagement
FB: https://www.facebook.com/athenapropertymanagementinc
Kyle Pearce is a Math teacher and Kindergarten to Grade 12 Math consultant to his local school district in Windsor, co-founded an online learning business for Math professional development.
Kyle actively invests in real estate for value and cash flow, stocks and options trades and partners to co-own North Shore Properties that holds 30 units in and around Windsor, Ontario. Please pay attention to how Kyle and partner Matt divide responsibilities as they have complimentary skills.
Kyle is currently on unpaid leave from teaching to pursue the above business, investing ventures and co-hosting the Invested Teacher Podcast. We get very detailed on Kyle’s most recent acquisition of a 9 plex and the vendor financing and terms.
Please enjoy the show!
Podcast: Invested Teacher Podcast - InvestedTeacher.com/apple
Web: Invested Teacher Website - InvestedTeacher.com
Socials @InvestedTeacher
We have an author, coach, mentor, mom, wife and investor since only 2017 who’s done a lot while keeping her day job. English isn’t even Brooke Shang’s first language as she moved to Canada from Taiwan at age 17.
Brooke has done a lot from losing $50,000 on a joint venture in Winnipeg with a now bankrupt partner who drove a Porsche to owning nearly 30 rent to owns, a bunch of duplexes, and focusing more on private lending and building her custom dream home thanks to the profits from tenants buying out the RTO’s and selling other income properties.
Brooke is also a leader within the Trust Your Talent Academy like past guests Tim Tsai and Vince Lee. Brooke’s story is a good one how much one can accomplish in a short period time while keeping the day job and how one’s goals change, e.g. Brooke has hustled and now wants more passive investments. It all works, one just must decide for themselves what journey they’re on.
Please enjoy the show!
Web: www.RealEstateNetworkingQueen.com
IG: https://www.instagram.com/brooke_shang/
FB: https://www.facebook.com/brooke.shang
Book: FINANCIAL FREEDOM THE ROYAL WAY https://a.co/d/0p90cVB
This week we have Mackenzie Wilson of SingleKey the tenant credit and background check reporting service that recently acquired Naborly.
If you haven’t heard of SingleKey… well they are quite popular in the circles I run in and for you new investors, you’re so lucky you don’t have to run credit checks the old way…
Mackenzie is a very diligent investor from Calgary, Alberta. He shares how we went from oil rigs and IT at Telus and left it behind to start an online business in real estate that didn’t go so well but he survived, still owns his three duplexes in Calgary and works at SingleKey as a Director.
As you’ll soon tell, Mackenzie is a diligent landlord (one of the most diligent I’ve ever met) and loves to help other landlords in Alberta out as he’s always sharing and educating his peer group of 4,200 Alberta Landlords
On today’s show we talk about the difference between commercial and residential in Calgary, Calgary vs. Edmonton. Of course we talk about tenant screening as it appears to be a passion of Mackenzie’s even though his properties are in Alberta and how appropriate it is his day job is now at SingleKey.
One big nugget is I asked Mackenzie as a beginner investor, what should I buy in Calgary and his protip is a good one.
Please enjoy the show!
Website: singlekey.com/
Linkedin: linkedin.com/in/mwyyc/
Alberta Landlord Communit: albertalandlordcommunity.ca/
Two recent articles Mackenzie recommends
https://www.singlekey.com/blog/how-can-landlords-spot-fake-application-documents-from-tenants/
On to this week’s show!
We have something different in that our guest is a successful entrepreneur in the world of Business and not real estate investing, YET.
Nick Kindler is the Chapter President of Entrepreneur’s Organization, a private membership of seven figure entrepreneurs that Cherry and I also belong too.
As a member of the real estate community, I find learning from entrepreneurs just as helpful as learning from real estate investors to broaden my learning. I also see all these memberships and masterminds costing $20,000-30,000 or more, I wanted you my 17 listeners to be aware of other masterminds, membership groups and Entrepreneurs Organization is less than $10,000 per year and I’m a big fan.
Who better to talk about Entrepreneurship than our very own Chapter President Nick Kindler who also happens to be my client who’s working with team member, Chris “the Captain” Hook to acquire quality investment properties.
Nick is here today to share his experience as an EO member, President, his entrepreneurial journey which includes a $4.5M business that went bankrupt but more importantly how he bounced back, the lessons learned so you may avoid the same mistakes.
FYI - failing businesses, losing money and letting staff is not a fun experience in my experience. Please take notes.
If you would like to learn more about Entrepreneurs Organisation please reach out to Nick on his company website www.kindlerandcompany.com/contact you can hit me up on email on DM or you look up your local chapter at https://hub.eonetwork.org/
I’ll be a the open house event on March 9th that Nick mentions so I hope to see you there! Link: https://www.eonetwork.org/toronto/Pages/upcoming-events.aspx?i=2&s=5
Nick’s consulting business helps innovative leaders communicate better, for example I attended Nick’s two day workshop on how to give a TED talk which was excellent where Nick deconstructed what goes into an excellent talk then walked us through to write our own and how to deliver with stage presence.
Nick is also the author of Impact: Simplify, Transform, and Perform Pitches and Presentations available at https://www.impactbook.ca/
Without further ado, I give you Nick Kindler.
Hello and welcome to another episode of the Truth About Real Estate, my name is Erwin Szeto, the four time award winning Realtor to investors, host of this podcast, the #81 Business podcast per iTunes, where we focus on bringing you true experts, masters of their craft and we have a great guest for you today in real estate coach and educator Elizabeth Kelly.
The term coach has been used lightly these days. I see even folks with 1-2 properties as side hustles call themselves coaches. Elizabeth Kelly has a bit more to her resume than that. Her own property management company hundreds of doors, she was a full time real estate investing educator at Rich Dad Canada having personally taught a couple thousand investors including many of the infuencers and coaches you see today on social media.
Today we touch on a couple subjects such as the investment in real estate education and some of the different options out there as there are more than ever but some offer better value than others.
Elizabeth shares about her career and investor journey to arrive at where she is today. Her strategies when starting out investing in 2008 is very different than how she invests today and my intention for you my 17 listeners is to see for yourself how a professional investors at different stages, lessons learn so you may avoid mistakes and make more money.
Then we will offend many when we discuss what’s working and what’s not working in 2023. This may shock you, many of the fad investments getting a lot of hype won’t work in 2023. Make sure to have a listen before investing in any coaching or courses or even property.
2023 is going to be a fascinating year and here at iWIN real estate, we will be arming our community with the best information possible. Staring with our free webinar on how to sell a tenanted property for maximum return on January 17th, followed by our iWIN, in personal networking meeting on Saturday morning Jan 28th when my team and I share our bold predictions for 2023 for our target investment markets and we have at REIT in the house, Lawrence Raponi of Equiton with a brand new presentation explain how professionals buy apartment buildings, from how they find deals, to the numbers they need before even looking further into.
Learn how the professionals invest or at least learn how investing in a REIT works including cash flowing from day 1.
If you’re on my email newsletter, then you know how to register. If you don’t? Well that’s just silly, go to www.truthaboutrealestateinvesting.ca enter your name and email and you will receive an email when we have events and when new episodes of this show is available.
New to 2023 is we will be producing a lot more free educational videos and podcasts. If you have suggestions for topics you would like covered please let us know.
It’s my pleasure to introduce to you, my friend who passed our strict screening, Elizabeth Kelly.
Please enjoy the show!
LinkedIn: https://www.linkedin.com/in/elizabeth-kelly-consulting
FB: https://m.facebook.com/EKConsulting.ca/
IG: https://instagram.com/elizabethkellyconsulting?igshid=MWI4MTIyMDE=
Real Estate Resilience Summit: https://realestateresilience.ca/sumreal-estate-resilience-summit-ek
We have Ken Bekendam who is up to many things to generate cash flow and build wealth in real estate. The best part is Ken is available for hire! One can hire Ken’s company https://legalsecondsuites.com for major renos to your home or investment property including basement apartments and garden suites.
Ken and Legal Second Suites has even been in the news representing one of his clients, a mutual friend of ours Alex who happens to be Ukrainian who wants to convert his garage into a garden suite to rent to Ukrainian immigrants but the rich neighbours think the added density of tenants living in a garage will damage the neighbourhood and increase traffic.
Thankfully, with municipalities trending in the right direction to allow for us private investors to create more housing… well I won’t spoil it and let Ken explain to you how the story ends. Rich homeowners vs. rental housing for Ukrainian immigrants….
In today’s show, Ken details what strategy makes up the majority of his portfolio and provides him with the massive cash flows. It’s not what you expect as none of the influencers out there are promoting, nor offering courses on this strategy.
Ken shares how to invest in garden suites including build costs and rents plus some conversion projects both big and small. This is really great episode for education purposes so do have those pens and pencils ready.
I give you my friend Ken Bekendam
Please enjoy the show!
Web: https://legalsecondsuites.com/
IG: https://www.instagram.com/legalsecondsuites/
FB: https://www.facebook.com/people/Legal-Second-Suites/100086295136299/
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.
LinkedIn: https://www.linkedin.com/in/vmenasce/?originalSubdomain=ca
Personal Website: http://www.victorjm.com/
Work Website: www.Ystreetcapital.com
OREIO: https://www.oreio.org/
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:
Web: Trustyourtalent.ca
Instagram: theonlyvincelee
Facebook: https://www.facebook.com/theonlyvince
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:
Linktree: https://linktr.ee/InvestorGirlDiana
Instagram: https://www.instagram.com/investorgirldiana/
Facebook: https://www.facebook.com/diana.lizarazorocha
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!
Website: www.russellwestcott.com
Instagram: @russellwestcott
Facebook: russellwestcott10
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:
https://www.cstsavings.ca/
https://www.cransoncapital.com/
*** 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!
Instagram: https://www.instagram.com/calverthomemortgage_/
Web: www.chmic.ca
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
Email: admin@cccpa.ca
Web: https://realestatetaxtips.ca/
YouTube: https://www.youtube.com/c/RealEstateTaxTips
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.
Web: https://www.danielleunsworth.com/
Instagram: https://www.instagram.com/danielle.unsworth/?hl=en
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!
Website: https://makemathmoments.com/
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.
Email: steve@infinitywealth.ca
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!
Website: https://www.timjpcollins.com/
Facebook: https://www.facebook.com/timjpcollins
LinkedIn: https://www.linkedin.com/in/timjpcollins/?originalSubdomain=ca
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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!
Website: https://youtu.be/j27DutOz8ic
Instagram: https://www.instagram.com/theandrewhines/
Grotto Getaway: https://www.airbnb.ca/users/461668746/listings