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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: Page 5
Oct 31, 2020

Andy is a former Home Inspector, he’s a registered House and Small Buildings designer, real estate investor, developer. Andy has a degree in Architectural Science and he’s best known as the leading authority on accessory dwelling units design. In plain english that’s legal basement apartments or garden suites or the million other names for a self contained apartment.

Why you need to know about accessory dwelling units is they are the best way to maximize your cash flow and overall returns in real estate.

I give you Andy Tran

Andy is a former Home Inspector, he’s a registered House and Small Buildings designer, real estate investor, developer. Andy has a degree in Architectural Science and he’s best known as the leading authority on accessory dwelling units design. In plain english that’s legal basement apartments or garden suites or the million other names for a self contained apartment.

Why you need to know about accessory dwelling units is they are the best way to maximize your cash flow and overall returns in real estate.

I give you Andy Tran

To follow Andy:

Web: http://www.suiteadditions.com/

Instagram: https://www.instagram.com/suite_additions/?hl=en

Facebook: https://www.facebook.com/suiteaddition

To follow Andy:

Web: http://www.suiteadditions.com/

Instagram: https://www.instagram.com/suite_additions/?hl=en

Facebook: https://www.facebook.com/suiteaddition

 

Oct 24, 2020

James MBM or Money Baggs Maggs, left his corporate job for a major telecom company, purchased 17 investment properties, retired his wife, tripled his work income in real estate by helping everyday folks invest in real estate, learnt to stock hack for $4,000 cash per month, and improved his health and spends more time than ever with his friends and family in just ten years.  This is his story.

 

To Follow James:

Instagram: https://www.instagram.com/jemaggs/?hl=en

Oct 17, 2020

Hello my fellow wealth hackers!!

Who says you can’t mix business with pleasure??

This past Friday, I hosted Canada’s youngest retiree to come into the iWIN Hub (my office) to record a podcast, show him Stock Hacking, and shot virtual zombies in virtual reality.

This episode was inspired by Mike going on a rant on his Instagram account about his frustration with his real estate: tenant related problems, day to day management of a sizeable portfolio and all its moving parts including property managers and contractors, finding out sex workers were operating out of his short term rentals and related complaints from the neighbours. Add to that the pandemic and it’s hurt on the tourism and short term rental market and student rental market.

I messaged Mike that I was sorry to hear about his challenges and we started talking about stock hacking so I invited Mike to my office to demonstrate for him the strategy, record this podcast episode, have lunch and since he made the 2 hour trip out from London, I figured we would something fun that Mike can’t do in London.

I made a couple suggestions and we settled on Virtual Galaxies, a free roam, virtual reality gaming place in Mississauga.  That’s when the hilarity ensued. For anyone who knows me, I’m an oversized child and like to joke around. 

The game was zombie apocalypse, we are soldiers armed with virtual guns, we do have a physical game controller shaped like a gun to shoot virtual zombies with.  If you seen the movies or TV shows then you know zombies can be aggressive.  The objective is to survive, navigate scenes including walking through buildings to get to a roof top so a helicopter can come rescue you all in virtual reality.

The game is intense, fully immersive and not for the timid as Jimmy, Mike’s mentee found out when we had to split up and he had to fend off waves of brain hungry zombies on his own. His dissatisfaction of being on a team of one… well Jimmy was vocal about it while I was crying laughing.  It’s been five days since the experience and I’m still laughing about it.

After much feedback from Mike and I’s mutual friends who have already been through Stock Hacker Academy, he’s going to give it a go as well. www.stockhackeracademy.ca if you too would like more information about it. We don’t have any more free demonstrations planned for 2020 but I’ll let you listeners know when we do.  

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 somewhere around 75 buildings in his career. He’s a private lender, a private borrower, dad of two young daughters and he loves to give back and share including gifting out space in his own home to his mentees.

Oct 10, 2020

This week’s guest is a returning interviewee in Joel Arndt, when he was on last year, he out of the blue challenged me in my ability to make an investor successful so I had him ask me his questions on the podcast.  Some time has since passed and I thought it a good time to check in with Joel on his progress.

Full disclosure, Joel now works with Cherry and I in our businesses and like all employees of ours, we teach them to be Wealth Hackers.  We don’t offer pensions but we’ll do our darndest to mentor them to be financially free.

Here is the conversation that came from a simple question when I asked Joel what he would do if he had $150,000 cash to invest.

If you’re interested in real estate investing go to www.infinitywealth.ca or if it’s stock hacking, go to www.stockhackeracademy.ca 

Have you met Joel Ardnt!?

Oct 3, 2020

On to this week’s show, we have Seth Ferguson, a real estate TV Show Host, Podcast Host, author, soon to be second time author, apartment building investor and Stock Hacker.

I first met Seth a year ago when he invited me to his podcast, it’s one of my favourite interviews. Not only is Seth a great producer and great dresser, he came prepared like none other for our interview. Here’s the link in case you’ve missed it: 

Youtube: https://www.youtube.com/watch?v=CYzZrt9Zipc

Web: https://sethferguson.libsyn.com/creating-wealth-is-your-duty-erwin-szeto-0

I haven’t had much free time these days so when folks ask me out for a coffee wanting to know my story, I send them a link to this interview and they’ll learn a lot more about me this way vs. taking me for coffee.

After the interview while Seth wass packing up his kit we got chatting and he mentioned the potholes in his life he’s going to share about in just a moment. You know me, I’m always wanting to help so I invited Seth to take the Stock Hacker Academy the next week, he did but hasn’t done much as these potholes have yet to release back to Seth his capital.

So I invited Seth to our offices at the iWIN Hub for a tutorial and suggested if he wants to learn more he should take the all new 2.0 version of the Stock Hacker Academy and he signed up then and there. The alumni fee is nominal anyways and Seth loves to learn from the best as you’ll hear in this week’s interview.

Seth Ferguson has undergone THE WORST joint venture partnership divorce I’ve ever seen.  The only thing more astounding is how high Seth has rebounded in building his influence and real estate portfolio in apartment buildings in the US.  If you ever feel down, think of Seth and set your efforts and level of action higher.

I give you Seth Ferguson

Sep 26, 2020

This week’s guest is the lovely Kayla Andrade, founder of the Ontario Landlords Watch, a grassroot advocacy group for good landlords and good tenants.  If the environment is good for landlords that only benefits good tenants. 

Kayla also has her own investment properties in Cambridge, Ontario, her own property management business Boardwalk Property Management. She's the mother of four and she’s our guest speaker for the next iWIN Meeting on Saturday morning of Oct 24th.  We have very limited seating to accommodate for safe and social distancing but we’ll have enough space online via Zoom.  Followed by lunch at a local restaurant that could use our support and to network with myself and other like minded investors.  

The feedback from our meeting last weekend was excellent thanks to our guest speaker Jules Mckenzie who was simply amazing with all the knowledge he shared in overcoming obstacles that would have buried the average Canadian.

Kayla is also super awesome in being our collective voice for improvements at the Landlord And Tenant Board and provincial government and her local government in Cambridge.  She’s here today sharing her best practices in tenant management, reporting tenant credit history and just being awesome.

Again she’s our guest speaker on Oct 24th, the link to register is in the show notes and anyone already on my email distribution list will get the invite to register as well.

Link to register: https://oct2020iwinmeeting.eventbrite.ca

Sep 19, 2020

This week’s guest has some crazy awesome advice on how to use technology in his sizeable real estate portfolio to save himself time, money, grief, and it even got rid of a drug dealing tenant who assaulted another tenant out of his property.  Some of Christians’ technology even makes him money.  Needless to say, this is an excellent interview.  

This is a long episode as Christian was generous with his time, he is a former executive at one of Canada’s most well known technology companies in Ottawa, Ontario where he lives. More recently we became the Vice President of Ottawa Real Estate Investors Group.  Shout out to outgoing President Rich Danby. 

We talk about what makes a good investment club and in the second half Christian lists off a bunch of technologies he has personally implemented in his real estate so do have a pen and paper ready, you’re likely going to want everything he’s got after he explains the benefits.

Sep 12, 2020

This week’s guests are none other than Leslie and Jamie Collard of Collard Properties and this is their 2nd interview on the Truth About Real Estate Investing.  The Collards did start with smaller residential investments and are now focused on apartment buildings and developing vacation properties internationally.

Leslie and Jamie are quite open and sharing about how they find deals as well so make sure to have your pen and paper ready. They’re even hosting a commercial real estate conference online and you can learn more about that on their website www.collardproperties.ca

Sep 5, 2020

On to this week’s guest, Lynne Tham. She was nervous to come on the show which is not uncommon. Public speaking by some surveys ranks higher on the lists of fears above death it self….

Lynne’s kids including my friend Simon told her to just do it and she did!

I’ll post Lynne’s full bio on our website, www.truthaboutrealestateinvesting.ca. It’s a wonderful Canadian success story of a teenager immigrating to Canada, falling in love with the greatest country in the world.  Started a family, stayed at home to raise the kids, picked up a side hustle in multi-level marketing, excelled, became a single parent, became a Realtor, had a wake up call at age 55 that she needed a retirement plan. Invested in real estate, de-invested in real estate and now a pretty successful stock hacker.

I know we have several full time professional, uber successful real estate investors like Ryan Carr and coming up next Leslie and Jamie Collard and their 160 units but for the investor who wants to take it easy and be a bit more passive…. Well it worked out for Lynne.

Full bio:

Proud mom of two successful adults (Simon and Melanie) who form our family real estate team (we do between 40 - 50 deals per year as a team).  I'm a constant advocate for personal growth in my own life and determined to create my own financial future goals of being able to live, travel and work from anywhere in the world. 

My own story - came to Canada by myself as an 18 year old, without knowing anyone, from the UK, to be a nanny, in 1978.  It was supposed to be a one to two year work stay.   Fell in love with the country, got married at 21 and became a Canadian citizen.  Being a stay at home mom I was recruited to sell Tupperware in the '90's and this was beginning of personal growth for me.  I realized that I was a sales person and loved motivating myself and other people to reach goals.  I was with them for 10 years and ended up owning a distributorship with them in the Toronto area.  

After becoming a single parent in the 90's, I had a five year stint in the car business, being a business manager and selling cars, but long hours and very little personal satisfaction, motivated me to take my real estate license.  I became an agent in 2006 with the desire of being able to have the ability to increase my income and have the flexibility to travel to see my kids, who were both now living in the U.S. (Melanie on a gymnastics scholarship at Iowa State University and Simon modelling in NYC).   After building my business for six years it was a welcome addition to have my Mel join me in the business after she graduated univeristy and then Simon, two years later.  Both of my kids did not have real estate as a career goal but they kind of fell into it after realizing that it was a great way to earn good money and also be able to pursue other passions (not to mention my daughter's teaching degree did little to generate an actual job in teaching and Simon realized that modelling looks don't last forever - but as his mom, I would disagree :) and he's still modelling now)

Five years ago, at age 55, I was staring at my future and realizing that I needed more of a retirement plan - at that time, my net worth was basically the equity in my Mississauga townhouse (at the time, worth around 775k, and I had a mortgage of $300k on it) and I had $200k in RRSP's and that was it.  When I looked into what the Canadian pension was, if I waited until 65 to draw it, it was a wake up call.   This started my journey into how to build a consistent income of at least $10k a month within the next five years. I had met with an investment guy from a reputable company, regarding what to do with my RRSP's, who told me he could generate me a guaranteed 8 - 10% annually with their various investments.  It sounded a lot better than the 2% than my Scotia funds were generating, but luckily, I was introduced to investing in second mortgages by profunds in Burlington and decided to put my money there (it has now grown by over $100k in four years).   Simon had introduced me to your podcasts and it opened up a new world of exploration.  Around this time, I was invited to an event at my Keller Williams brokerage, put on by two agents who were representing, Brian Pullis's project in Orillia.  They were offering an investment opportunity to purchase a townhouse in an older complex that had been refurbished and all the interiors gutted and renovated.  The homes were offered at $247k, and they were offering a $7k builder incentive and on top of that, my 2.5% real estate commission, so essentially I could buy one of these homes for $235k.  Again, embarrassingly, I hadn't realized that I could take an 80% line of credit against my primary residence to take the down payment for an investment property, and I had always had the mindset that I needed to pay off my mortgage before doing so.    I got the line of credit and purchased my first property.  The type of property fit me well as it was easy to manage, (one year property management was offered for free), and it cash flowed ($1400/month in rent).  This was a great first experience and it encouraged me to buy a second property in Orillia, which I had realized through listening to one of your podcasts (and Jules McKenzie), was listed in REIN's top 10 cities in Ontario to invest in.  The second property was easy as it was new construction and the builder was only requiring $20k down.  I closed on it a year later and after buying it for $345k and putting $20k into it, it attracted good tenants and covered itself.    

I sold the first property 3 years later and made around $70k net, and I just sold the second one (closed yesterday) and made $145k in three years.  

Last year, I had looked into the possibility of buying another investment property (at the time, I owned only one of the Orillia properties), but it had become so much more difficult to qualify for a mortgage and I was approved to buy at $600k, with B lender financing and it would have to be a legal duplex, generating $3400/$3500 month for it to work.  I realized that it was too much for me at this point in my life, to drive to Oshawa (where it seemed like the only opportunities to do this, existed in this price range).   

In the summer I attended your IWin meeting where the discussion came up about the upcoming stock hacking course.  I was so inspired by Adriano's story and I had been listening to your increasing interest in doing it yourself and was following your progress.  Unfortunately I was in Portugal in September when the first class was offered but as you know, Simon attended and he seemed to be quite inspired and impressed.  What sealed the deal for me was hearing Habib's podcast with you, in the late fall, and I knew I had to sign up.  

Since taking the two day course in December, it has changed my life.  No other words for it.  I started with $150k from my HELOC and then added $40k two months later.  Since just before Covid, as of today, I'm up $54k, which is nicely falling into my goal of $10k/month and is opening up my future.  I plan on taking the profits from the sale of my investment property and adding it to my account, with the goal of making $15k to $20k a month consistently.    I am constantly amazed at how options trading is not only something that I could grasp but is so easy, enjoyable, flexible and unlimited.  I now find myself talking real estate clients (especially the ones around my age) out of buying their first investment property and doing options trading instead.  As you always say, there's a place for both and they go hand in hand, but for me personally, and other's in my situation, looking at retirement and how to fund it, in my opinion and experience, this is an incredible option.

Aug 29, 2020

Speaking of cash flow we have Ryan Carr of RW Carr Investments as this week’s guest talking about highest and best use and being creative in real estate.  How he groups his real estate investments into buy, renovate and hold, short term renos/developments and flips, and longer term projects including a waterfront 14 unit multifamily he renovated that went hundreds of thousands of dollars over budget… how did it work out? You’ll have to listen to find out.

Plus for the first time, Ryan talks about the passing of his real estate coach Stefan Aarnio.

I think most of you should already know Ryan, he’s been on this podcast more than anyone else and he’s always up to something big whether its writing articles about how to increase cash flow by renting out sheds, vertical splitting of a duplex, tiny homes, etc…

If you don’t know Ryan you will soon as he up to big things that I’m sworn to secrecy but here in the interview is what we can share :)

I give you Ryan Carr

Aug 22, 2020

Meet Michael Bugg, he’s young father, husband and just recently a full time real estate investor out of Saskatoon, Saskatchewan.  He began buying properties in 2010, specifically new construction and his investing has evolved into small apartment buildings.

In July 2018, Michael hung up the stethoscope and quit his job as a veterinarian.

On this episode, Michael shares his journey to now owning a couple apartment buildings and how he lost money stock hacking during the covid crash and the shocking returns he’s achieved since then.

I give you Michael Bugg

Aug 15, 2020

On to this week's guest, Monica Lee who is like family, she is Cherry’s BFF, godmother to our most prized assets, our son and daughter.  Monica and husband Rich are both second generation Canadians, their parents immigrated to Canada from Korea with not much in search for a brighter future for their kids.  Rich and Monica both became lawyers who eventually quit law and six figure salaries to be full time real estate investors.

Monica invests in cottages for short term rentals, a couple commercial retail properties, they develop and build houses, she stock hacks for six figures all the while being a mom to three great young kids.

Just wait till you hear the story about how someone told Monica’s oldest son she would fail and give up as a stock hacker.  Her response is pretty epic.

I present to you, Monica Lee.

To follow Monica…. She doesn’t do social media nor have a website.

Aug 1, 2020

In planning on a future without his wife Kaitlin and mother to one year old son Kingston, Ken Beckendam made the decision to quit his job and double down on his efforts to build his real estate investing business. At the time, half his income was coming from Ken’s investment properties plus the need to build towards the flexibility of schedule being an entrepreneur as Ken is now a single father and financial freedom that comes with being a successful real estate investor.  

Ken is a renovation expert both for his own portfolio and for clients, especially in adding legal, income generating suites and additions to existing properties and like many high level real estate investors, he’s raising private mortgages so you’ll want to pay attention to that part.  

I don’t want to spoil too much so I’ll let Ken tell you his story. I give you Ken Beckendam.

Jul 25, 2020

Cody is a first generation immigrant who came to Canada while still high school age, went to university, got a white collar job but apparently it was good enough as he quit this past January. I learnt of this before we started recording but I assumed he got a new job. What 29 year old doesn’t have a job? This one I guess. Cody is a YouTube influencer, a real estate investor in houses with legal basement apartments in Barrie, Ontario, and he took our Stock Hacker Course last fall.  These investments allowed him to quit his job to focus on building new businesses.

I haven’t known Cody a long time but I do know he hustles which separates him from the pack and his story inspires me so without further ado, I give you Cody Yeh

Jul 18, 2020

We have my friend Ron Esteban on, he considers himself an average investor and not a big shot but he’s got a couple properties but what is super cool is he’s teaching students how to invest in both real estate and stock options.

That’s right, Ron is a teacher with one of those big fat teacher pensions we’re all jealous about but he received some great advice to invest in real estate from an unlikely source.  Ron made some mistakes early on which lead him to meeting me around eight years ago and we’ve been friends ever since.

On this episode, Ron shares how he got started, how being part of a community helped his investments, a more recent “life changing” means to invest on top of just getting married and becoming a new dad, what he’s teaching his students.  Parents, pay attention to this part in case you’re trying to get your kids interested in investing.

Jul 11, 2020

Speaking of Cherry, she is this weeks guest here to share about the latest in Government subsidies, why she got into Stock Hacking when I was already deep into trading, our BHAG, big hairy audacious goal and so much more!

Jul 4, 2020

Many of you listeners are interested in careers in real estate, today we have coach Tammy Ditomaso aka the duplex queen on the show.  About five years ago, Tammy switched from her esthetician business to becoming a Realtor.  First she joined our iWIN Real Estate a an assistant, the started taking clients in 2017 and since then she’s rocketed to become an influencer in investment real estate.  Andy Tran, the leading expert on home additions says Tammy knows zoning better than any agent he’s ever met but Tammy is no regular agent.  She regularly gives talks to rooms of one hundred or more attendees plus that time she spoke in front of over 1,500 at the Wealth Hacker Conference.

Yes I’ve made Tammy cry before, I’ve had team members want to quit and some actually did. In my experience, 9/10 people are capable of more than what they think is possible. I push investor clients and my team all the same.  Not all can rise to the occasion but when they do, you get people like Tammy.

Jun 27, 2020

Buying high in demand assets with growing demand makes a lot of sense in hindsight. The business case for Canada to grow the economy via immigration makes a lot of sense financially to attract investment and talent.

Unfortunately, many investors heard the same advice I did and instead of investing in Toronto, they invested in Edmonton and Calgary Alberta.  Again, hindsight being 20/20, that was not a good decision.  I know many of these people personally.

Then last week, Wade Graham, a long time Facebook friend of mine commented on one of my posts about real estate how he’s glad to have exited all his Alberta real estate, $11 million dollars worth.  Wade was part of the same network and community I was for just as long and I wanted someone who’s not all rah rah real estate to come on this podcast.  Wade fits exactly that bill :P

What Wade as a guest does offer is what went wrong in his real estate journey so you may all get it right.  But real estate is not all bad to Wade as the network and skills he built translated into acquiring a failed business, making it successful, in an industry that he loves.  

In these trying times, there will be many businesses that fail which is terribly sad.  However, there will be some entrepreneurs who can buy these businesses and their equipment for cents on the dollar.  In the restaurant industry, that’s commonly known.  The restauranteur who is the first into a space and invests hundreds of thousands for commercial stoves, ovens, fryers, fridges, freezers, furnishings etc.. they pay retail prices plus delivery and installation.  Sadly, often the debt servicing and rent is too much, the restaurant folds, another businessperson then buys the assets for cheap and has a much better chance at survival and might even prosper. Wade has a similar experience to share which is timely considering the current environment and I wanted you my community to be aware of it.

If you don’t know Wade, he describes himself as a:

“Thinker. Feeler. Active. Outdoor. Trying to love a little more and forgive faster. I fail often.”

Wade tells it like it is so the language is not safe at work or if you have little ones in the car with you.

We talk about group think in real estate investing, the challenges of having tenants, some wild stories including when Wade had to rescue 200 pounds of gold in a back pack and buying a business.

Without further ado, I give you Wade Graham.

 

Jun 20, 2020

“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.”

Jun 13, 2020

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.

Jun 2, 2020

We have Victoria Masucci 

  • Very happily married mother of two
  • Self employed for over 20 years and former business owner
  • Voted Insurance Business Canada’s top 10 Women of Distinction
  • Huge life change resulting from the diagnosis of a life threatening illness of a child
  • Became a real estate investor at 53 years of age and a stock hacker at 56 years of age to ensure financial freedom (better late than never!)
  • Working towards bigger goals including letting others know about our journey to ultimate financial freedom (maybe a book, blog or speaking engagements – or all three!) and the eventual setting up of a charity

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.

 

May 23, 2020

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.

May 16, 2020

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.

May 9, 2020

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.

May 2, 2020

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!

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