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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 6
Apr 23, 2020

This episode is with my friends Ping and Andrew of Spotted Properties Property Management in Hamilton Ontario.  They are good guys and here to share show they are handling managing their tenants across their 6 or 800 door portfolio, they have a unique perspective as well and they do manage quite a few student rentals as well.  The letter they sent out to tenants is on our website at http://www.truthaboutrealestateinvesting.ca/ or you are one of the clever ones, we would have sent you an email with this episode and a link to that same letter.  All you need to do to make sure you get these episodes and resources we are sharing, simply go to that same website: http://www.truthaboutrealestateinvesting.ca/ and enter your name and email on the right.

Apr 18, 2020

On to this week’s guest: Kathleen van den Berg, MBA, CLU, CFP. I think she’s great because she’s one of the rate Certified Financial Planners who recommends owning real estate and she owns a fair amount of real estate too.  I invited Kathleen to come on the show asking her to share what advice she has for her clients during these historic times.

Kathleen’s bio:

I have the best job in the world ... and I have a ton of fun doing it.
I specialize in working with individuals and families to improve their monthly cash flow and build significantly greater wealth compared to their current approach.

Unlike most other wealth strategists, I include real estate strategies as one of the 6 key components in clients' wealth building plans.

I implement a 6 step wealth strategy system with clients and routinely am able to create over a million dollars of additonal income in retirement. 

Apr 8, 2020

Hello Wealth Hackers!!

As you may know, I was dabbling in stock options, had a lot of early success, took a deeper dive, hired a coach who in turn is my stock hacking mentor as he loves to share and teach me outside of my coaching time.  He’s is an ex Wall St, options pits trader as a career for seven years, he left to move to Hawaii and trade from home in paradise. Lee now has been full time trading for 30 years, he is the best selling author of Get Rich With Options author Lee “the Godfather of Stock Options” Lowell.  You may recognize Lee’s book as it was required reading for the original Stock Hacker Academy before attending the course. He literally wrote the book of the subject that became foundational reference material for all past and future Stock Hackers.

It only made logical sense we partner with Lee to bring all you Wealth Hackers the all new Stock Hacker Academy version 2.0!! To register go to  www.stockhackeracademy.ca/specialoffer all the details are there and prices go up April 22nd so don’t delay. The timing couldn’t be any better as Lee predicts the bottom of the stock market at only a few weeks away.

Needless to say, my Stock Hacking game has improved 10X, the skills I’ve learnt, the strategies that I’ve refined while dialing down my risk.  Lee loves to teach and share his experience and he’s invested through THREE major economic meltdowns and recoveries before the Covid19 related correction we’re in now. I honestly don’t know anyone I’d rather learn from right now.

In real estate, I’ve always said, a real estate expert has invested through a full cycle.  I’ve been through the credit crisis 12 years ago. Lee has been through THREE economic cycles hence his experience in managing risk through the current down turn and how to maximize returns during the eventual recovery has me beyond excited to maximize returns during this recession.

Yes I love real estate and it’s the best investment in the world however the stock market dropped by close to a third, the real estate market in my target areas are on pause as physical showings and open houses have virtually stopped.  Personally I’m taking this social distancing time to learn a new skill that will make me money from home. We’re all stuck at home anyways, may as well learn how to maximize returns while we’re here. I can’t even mow the lawn at my investment property right now if I wanted to. 

As always, I love learning something new and sharing, especially with stock prices being so cheap right now and I’m beyond excited to announce the all new Stock Hacker Academy version 2.0 in partnership with Lee Lowell.  The course is entirely rebuilt from scratch in my vision, I’ve taken in all the feedback and lessons from the first course and 10X’d the new 12 month program in order to give our students the highest probability of success.

This isn’t for everyone, those who want to learn and willing to commit some time to learning and practicing will succeed. Lee and I are here to provide the education.  Only those willing should enroll but knowing many of you came a long way in your real estate journeys, Stock Hacking is a brilliant complement. My wife Cherry and I are trading HELOC monies from our investment properties.  All you need to do is take the course and own a smart phone.

As part of the 12 month program you get:

  • A two day live streamed course with Lee Lowell
  • All the recordings so you may re-watch whenever you want
  • Eight weeks of webinars where Lee will continue to teach new strategies and take your questions.
  • Lee’s Newsletter that he’s been writing for 15 years (I’m a paid subscriber and it’s truly excellent, the writing is in plain English, Lee is transparent with his trades). You can really tell he cares about his subscribers and has the skills and experience to limit their risks.
  • Monthly meetups at my offices for the year. I (Erwin) love to network and share, in person is best so we can all network with like minded Stock Hackers, look over the shoulder of a fellow stock hacker to get help, ask your questions live and in person.  Nothing beats in person meetings.
  • Private online support group. We have months of questions and answers and interviews with Derek and Lee posted there. Stay in touch with your community 24/7!!
  • Quick Start Guide my team designed for Stock Hacking purposes! We will take weeks off your learning curve using the mobile app!!

The timing really couldn’t get better, the market is down around 30% and just look at your other opportunities, the real estate market is on pause till the virus goes away, private lending rates don’t interest me when I can stock hack high yielding dividend paying companies, some of my favourite stocks are cash flowing via dividends of 7-10% with equity upside, why would I private lend… we’ll cover this too in the course.  We’re all stuck at home anyways so may as well learn a side hustle that requires little time and effort.  

To register it’s www.stockhackeracademy.ca/specialoffer

You’re stuck at home anyways, may as well learn how to make money from home and the timing couldn’t be better with the bottom of the market only weeks away.  The last correction was 12 years ago, don’t wait another 12 years for the next opportunity.

www.stockhackeracademy.ca/specialoffer

By the way, speaking of the Godfather of Stock Options, I proudly present to you my mentor, best selling author of “Get Rich With Options,” Lee Lowell.

Apr 4, 2020

This episode is with Mortgage Expert Claire Drage  

Claire’s been through this before

Claire has been an active member of the mortgage and real estate investing industry for more than 30 years. 

She has experience from all sides of the industry, from managing over 140 properties in Spain, to growing her own successful mortgage brokering business in Canada. 

She has consistently been in the top 1% nationally with Mortgage Alliance, and recently has grown a team of agents, The Windrose Group. 

The Windrose Group team focuses include cost of funds, asset protection, minimizing tax burdens, aligning acquisitions and exit strategies together with ensuring access to cash.

Mar 28, 2020

Tenants under financial distress and ability to pay rent is the subject of this week’s interview, the first in a series of emergency webinars as I’m asking friends who are leading experts in the community for favours to come on my webinar and podcast to share what they are doing starting with multifamily expert and investor Sarah Coupland.

She is a talented multifamily investor, owner of https://tagproperties.ca/ with over 10 years experience, she’s a friend, my regular go to for tenant challenges and when you listen to this interview you’ll understand why.  Email subscribers to my podcast will receive the tenant letters she mentions that were sent to her own tenants, they are excellent, if you’re not already subscribed, well that’s just silly. Go to www.truthaboutrealestateinvesting.ca, enter your name and email on the right hand side.

Without further ado, I give you Sarah Coupland.

Mar 21, 2020

On to this week’s show!

We have good friends of mine Andy Tran who I’ve been friends with since 2008, Charles Wah I was in his wedding party, and Steve Ford who is a newer friend, client and he’s the general contractor for our new office!! What a coincidence that they happen to be real estate investors too!

They are a team of three who are passionate about infill development projects, and are currently involved in several projects in the Golden Horseshoe. Each one of us brings a unique set of skills and experiences in development, design and home construction that can help you bring your project to reality.

Andy Tran has designed over 160 income suite conversions

Charles has developed land including over 150 houses

Steve has supervised the construction of over 1,000 houses.

They know their stuff, personally invested in small residential developments and are here to share how including the #1 question: the cost to build per square foot plus all the fun soft costs.

Here’s the infill boys!

 

Mar 14, 2020

On to this week’s show!

Jamie and Leslie and Aaron Collard 

Jamie and Leslie Collard are a husband and wife team who have spent the last few years building financial freedom through real estate acquisitions.  Their focus in the past year has been on apartment buildings with an acquired 73 units.

They were able to “retire” before turning 40 years of age and now, they have the freedom to spend more time as a family, travel when they choose to and have no worries about their financial future.

Throughout their journey, they have become passionate about sharing with others how they used real estate to build their wealth. Because it was a challenge for them to learn the high level investment strategies in the business, they have created their own education series that will allow others to learn from the experts in the field.

Aaron Collard is their 11 year old son and wait till you hear what he’s up to.

Without further ado, Jamie, Leslie and Aaron Collard!

To follow the Collards:

Web: https://www.collardproperties.ca/

ADVANCED COMMERCIAL INVESTMENT CONFERENCE:  https://www.collardproperties.ca/seminars

Facebook: https://www.facebook.com/groups/665392684003319/

Mar 3, 2020

On to this week’s show!

“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 of over 50 buildings.

Mike is an expert Joint Venture Strategist with a wealth of experience in finding off market private deals, flipping, renovating, and managing the bottom line – focused on cost control and maximized return on investment.

Starting from humble beginnings without a dollar to his name, Mike bought his first property at 19 and built his portfolio up to over 17 properties by the age 24, using the BRRRR Real Estate Snowball Method. He retired from his day job as a Senior Analyst in IT Business Consulting in 2017 and has been enjoying Financial Independence ever since. Mike believes ANYONE can unlock F.I.R.E. and that Real Estate is one of the best vehicles to expedite the journey to freedom and maximize returns through leverage (cheap debt). Mike believes the secret to building wealth is simple: Spend Less, Earn More, and Maximize Returns on the difference.”

Feb 22, 2020

Speaking of #1 Investment strategies, this week’s guest has done plenty of basement apartments, probably a few dozen over the last few years.  Ryan Carr is a full time real estate investor who’s big on the math of real estate. What folks may not know is the way he runs his business is highly calculated hence I wanted Ryan on the show to share: from leaving his job as a mechanic to be a full time investor, to hiring several full time staff, to scaling up his business to around a dozen or more property acquisitions per year.  Properties including multi-family, in fill development, tiny homes, coach houses, and vertically split duplexes. Ryan’s has a great business I think many could model how to build and scale their own businesses so without further ado, I give you Ryan Carr.

Feb 15, 2020

This week’s guest is friend, real estate client, Stock Hacker, iWIN Member Karen Cumming

You may remember Karen Cumming from the decade she spent as a television reporter at CH-tv - a station based in Hamilton that also serves Niagara and the GTA.  Years before that, she worked as a radio newscaster and talk show producer everywhere from Hamilton to Toronto to Montreal with CHUM Radio and Corus.  

There’s a good chance you may have heard her name thanks to something that has nothing to do with media, though, and everything to do with space. A project, in fact, that is literally “out of this world”.

Karen is one of what’s known as “The Mars 100” - 100 people from around the world who have made it to the final round of astronaut selection in a legitimate mission to colonise the red planet with a company out of the Netherlands known as Mars One. 

Long before her space adventures, Karen became involved in real estate investing back in 2008.  You remember - the year the markets tanked. The year “the experts” would have said no one should be putting their money into property.

Despite all of that, she bought a single family home in the Old South neighbourhood of London, Ontario.  Soon after, she joined the Real Estate Investment Network - “REIN” - in order to learn what she needed to know about becoming a successful landlord.  Almost twelve years later, she now also owns a freehold townhouse on Hamilton mountain, and a single family home in the lower city of Hamilton… and is one of the original members if iWIN.

Today, Karen is a freelance journalist, health promoter and teacher who writes about mindful living, meditation and self-care at karencumming.com.

Here’s where things really get interesting.  Karen has an extra special reason for investing in real estate now, thanks to a life experience she recently went through.

She has seen the inside of Ontario’s long-term care system up close and personal, and understands more clearly than ever the need to be financially proactive and prepared for the final stage of life. 

Earlier this year, she and her sister Pat guided their mother Verna through that system, and were stunned to realise how little they knew about how it works.

They felt ill-informed and ill-equipped to make the decisions that had to be made.  And they knew that they weren’t alone. Thousands of baby boomers across

Ontario are in the same boat.

In the end, they decided to write a book designed to help other families on their own journey with an elderly parent.    

It’s called “The Indispensable Survival Guide to Ontario’s Long-Term Care System” - now available on Amazon.ca, chapters.indigo.ca, Kindle, Kobo and Smashwords.

 

Karen …. Welcome to the podcast.

Feb 8, 2020

Today’s guest is Chris “The Captain” Hook, our friend and client since he met him back in 2012 when started investing in real estate.  His journey in Real Estate Investing began by being fear stricken at purchasing a Stoney Creek Townhouse for $214,000 because it would only cash flow $100-$200.  Fast forward to today and this same townhouse is selling for $399,000. The moral of the story, don’t be stricken by fear as it will cost you. Since then he has tried several different real estate investment strategies, such as: RTO, flipping, regular buy and hold, legal second suites and student rentals.  His current portfolio consists of 2 legal duplexes and 1 in the final stages of being converted. Real Estate has allowed his wife to stay home and raise the kids, while trying to start a business of her own. As he looks to continue to grow his portfolio through joint ventures and one day getting involved in a development opportunity, he is also looking at alternate ways to generate income with the ultimate goal of being able to leave his corporate job so that he can spend more time with his family, travel more and play more golf.  Some of the other methods of generating income are through options hacking, launching an EComm business and getting his real estate license.

Feb 1, 2020

Speaking of successful clients we have Kaush Nanubhai returning to the podcast.  When we first met Kaush years ago, he had a full time job in Toronto and was stuck in analysis paralysis for close to two years before buying his 3rd investment property after a long hiatus from buying two condos in downtown Toronto.  Fast forward to today, he’s quit his day job and gone full time real estate investor and here to share about the transition to full time investor and his latest project: an infill development where he bought a house, renovated the basement for a legal basement apartment then severed half of the lot to build on it a modular home that took only 30 days to deliver.  The house is currently being finished on the inside including adding a basement apartment.

This basement apartment strategy sure is popular!!

Without further ado, I give you Kaush Nanubhai.

Jan 25, 2020

Elizabeth is a friend, Real estate investor for 15 years, specializing in Buy, Rent and Hold, Rent to Own and Flipping strategies.  Legacy Trainer for 8 years, Investment Coach for 4 years, Founder of Sandstone Property Management (Kirkland Lake), Member of the Executive Advisory Council for Ontario Landlords Watch

Jan 18, 2020

On to this week’s guest, he’s an old friend from REIN and his name is Ming Lim.  He’s a real estate developer, investor in Waterloo and Toronto, Realtor, smart guy who just left his full time job to be in real estate full time.  I know a lot of you out there are looking for a path out of your full time job and Ming is here to share his along with how he’s able to cash flow in Toronto.

Ming and his friends are also hosting a conference that’s coming up really soon: February 1st and he’s here to share about that too. Details are in the show notes so go check them out. Website is www.volitionprop.com/quickstart

Jan 11, 2020

This week’s guest knows all about maximizing return on investment and just as important return on time.  John is an old friend, a very successful part time investor in Hamilton and the Niagara Region as he has a full time job in Toronto that he loves.  This recording was originally done in 2017 and is the #1 downloaded episode of all time for this show. For those who want real estate as a side hustle, that’s totally fine. So without further ado, I give you John Roumanis.

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.

Dec 7, 2019

Hello fellow Wealth Hackers!

I thought I would have more time. More time to enjoy my kids especially my daughter before she grows up. Then I find out from Cherry my daughter has her eye on two boys from her class and two other boys have expressed their interest in her.  She’s five years old about to turn six.

The great thing about turning six is she’s now old enough for Brazillian Jiu Jitsu classes so I’m more motivated than ever to enroll her.  Brazillian Jiu Jitsu or BJJ for short is a martial art, a main staple of the UFC and MMA because of it’s effectiveness and reliance on leverage over size, strength and athleticism.  A great analogy for how to run a business or real estate portfolio: efficiency and leverage.

The scheduling is a bit challenging as our club’s classes are on Mondays and Fridays at 5pm but at least they’re only 15 mins away and its not all the equipment, travel, costs of hockey.  Thankfully, as a wealth hacker, Cherry and I for the most part have control of our schedules without long commutes.

To stir the pot, Cherry informed all four boys from my daughters class are invited to her birthday party.

Now here’s an inside look at how nutty my mind works. I’m going to plan future birthday parties for my daughter at the BJJ club.  Why? Because I figure if kids know my daughter can take care of herself then the bullies will think twice 😊

Planning ahead is big for Cherry and I. It’s why we invest in real estate, invest in ourselves and in our business.  Speaking of planning ahead, we’re already planning for the Wealth Hacker Conference of 2020. Thank you everyone who provided their input on who would rock your world as a keynote speaker, we have offers out and will hopefully have an announcement soon to coincide with the release of early bird tickets at early bird prices.

Do stay tuned here and my email newsletter, if you’re not already on it, well that’s just silly as you can stay informed when we are offering training classes, street smart tours, special promotions, and notified when new episodes of this podcast come out.

Go to www.truthaboutrealestateinvesting.ca and enter your name and email address. It’s that simple to stay on top of the best wealth hacks Canadian investors and entrepreneurs are up to.

Mortgages With & Without Banks For Investing with Claire Drage

Top Producing - Real Estate Investor - Elite Trainer – Mortgage Broker, Mortgage Alliance. Most importantly she was the lead sponsor of the Wealth Hacker Conference 2019 so obviously she has great taste!!!

Claire has been an active member of the mortgage and real estate investing industry for more than 30 years. She has experience from all sides of the industry, from managing over 140 properties in Spain, to growing her own successful mortgage brokering business in Canada. She has consistently been in the top 1% nationally with Mortgage Alliance, and recently has grown a team of agents, The Windrose Group. 

Claire has a passion for educating and sharing her expertise, from new investors to sophisticated landlords. Claire and her specialized Windrose Group Investor Team specialize in helping real estate investors develop a comprehensive strategy from purchasing their first property to their hundredth. 

The Windrose Group team focuses include cost of funds, asset protection, minimizing tax burdens, aligning acquisitions and exit strategies together with ensuring access to cash. According to Claire CASH IS KING! Claire loves sharing little know secrets such as being the banker with RSP’s, LIRA’s and TFSA’s or wholesaling strategies for those with no capital. Claire guides her clients through their entire investment strategy whether you are a newbie or long-term investor! 

 

Dec 2, 2019

This week’s guest is my friend Andrew Hines and this is a great episode. We talk about developing real estate and where the development market is going, high end student rentals, how Andrew didn’t have to invest in disaster properties to receive great price  appreciation, the importance of having a great mentor, borrowing private money to invest with. Again, a great episode.  

Andrew Hines is a real estate investor from Burlington Ontario and he's primarily invested in London Ontario. As of the time of publishing this interview Andrew has a approximately $4,000,000 in real estate holdings and is the host of The Andrew Hines Real Estate Investing Podcast.

Andrew advocates the use of the BRRRR method to achieve financial independence and he has become quite proficient in construction management, building and development due to his value-add approach to real estate investing.

Andrew owns several companies, including a construction general contractor, and has built out multiple investment property units in Southwestern Ontario Canada.

Nov 23, 2019

On to this week’s show!

We have a very special guest in Derek Foster of Ottawa, Ontario.  He’s happily married with eight kids. Derek jokes it’s because Derek doesn’t have a regular job and neither does his wife so they’re home a lot hence the eight kids.  Derek is a six time best selling author and my favourite book of his is Money For Nothing And Your Stocks For Free because he introduces his strategy for option selling.

If you’re new to investing in the stock market, I recommend you read Derek’s books as they are written at an introductory level for a grade schooler. I wish I’d read these books when I was younger as I’d be further ahead.

Anyways, I’m a big fan of Derek and it’s not easy to get him as a guest so I bought of bunch of his books to get his attention that I’ll be giving away to iWIN members.  Derek explains on this show how his strategy worked, the mistakes he made and his biggest wins. How he lost 75% of his savings before finally getting himself properly educated.  

For anyone who thinks stock options is risky, Derek shares his own experience, strategy and stocks he’s trading. 

Disclaimer time!

This service is provided to you for informational purposes only and is not investment advice to you or any other person. We are describing the investments we have made for ourselves and is reflective of our own circumstances. Your circumstances are different and any discussion here is not intended to be and must not be considered to be a recommendation for you to make the same investment(s).  Consult an adviser or dealer licensed in your jurisdiction before making any investment decision.

Derek is a nice guy and so am I I hope. FYI, Cherry and I made a $10,000 donation on behalf of the Wealth Hacker Conference to clothe, feed and provide presents to Hamilton’s most impoverished families.  We’re still processing payments from the event and will make a second $10,000 donation for a total of $20,000. That’s enough to fund an entire holiday budget for us to support 40 families or our preferred metric at the Hamilton Basket Brigade: best Christmases ever.  I’m not bragging however I do believe actions speak louder than words and we Wealth Hackers, we will be the change we want to see in the world.

It is my honour to present to you Derek Foster

Nov 23, 2019

There’s so much going through our heads in the last 48 hours.

As excited as it was for us on Saturday at the Wealth Hacker Conference, we didn’t start out that way.

Our journey started off around the time when Cherry’s grandma passed away. A small idea was planted by Maryanne Gillespie, Erwin’s coach, to host free classes to share the idea of building long-term wealth through real estate investment.

We discussed and we brainstormed, nothing really firmed up and Cherry took off to Hong Kong to attend her grandma’s funeral.

When Cherry arrived at Hong Kong after her 16-hour flight, Erwin already recruited a bunch of his friends, most of them are real estate experts, to join him on hosting an all-day educational event.

Talking about taking action, I’ve never wasted time to take action!

That was the beginning of Wealth Hacker Conference.

In February, we attended 10X Growth Con at Marlins Park Miami, part of the 32,000 people who attended the event. We were completely blown away by the 10X philosophy, but we had little idea how much 10X Growth Con affected our own planning.

We hired an event planner, Shauna Arnott, who’s also the host of the event Haste and Hustle. She brought up the idea of bringing Grant Cardone to Toronto. 

Grant is a real estate mogul. His philosophy is about investing in himself and building long-term wealth. He’s all about taking responsibility of our own lives and 10X the goal and effort to achieve the 10X goal.

Grant was a great fit, but … would his personality get along well with our humble Canadian crowd?

When in doubt, Erwin turned to Facebook.

He posted the question and asked, “would you like to see Grant Cardone or Robert Kiyosaki?”

The rest is history.

We had delay booking Grant, then we had competition. Then we had problems firming up a venue.

We wanted to deliver the best value, instead of just another real estate educational event.

Erwin reconnected with his friend Omar Khan, who has been tirelessly sharing his simple stock investment strategy with everyone around him.

Omar has lived his life on his terms. He spends most of his days managing his properties and trading stocks. Almost no one has seen him speak in public before.

We know that the world needs to hear him sharing his virtually unknown investment strategy, but we had our doubts about him early on. Can we put Omar on stage to speak to 1,500+ attendees?

Our ticket sales weren’t exactly how we expected in the summer. Our marketing agency decided to leave us before end of summer. It was tough, but it was a blessing in disguise.

This was the turning point for us. A light bulb went off in our heads. We realized that both of us needed to step up, take charge, take responsibility and promote.

If this event is our version of 10X, we gotta 10X our effort to 10X our results!

It wasn’t easy. From writing the emails that you see everyday, to posting on social media strategically, to driving for a few hours to present at different venues, to interviewing Grant Cardone in person in Miami, we spent a lot of time, effort, money and tears along the way.

Is it worth it? Hell yes. 

We have grown to become someone that we have never thought possible. We now come to appreciate the value of our network and our list 100X more. Thanks to Tom & Nick Karadza, who taught us about building and nurturing our list, before we even started having any businesses.

Are we done yet? We hope not. 

We still have a message to share. We still want to continue to help you to build your long-term wealth.

We still want to make sure you can take control of your financial life, quit the job that you always want to quit, pay for your children’s education and travel around the world.

You can continue to join us on our wealth hacking journey here.

Thank you once again for joining us at Wealth Hacker Conference.

 

Until next time,

Erwin

Nov 9, 2019

Hello Wealth hackers!!

What a week!! Fresh off Thanksgiving so it’s already a short week and I took a 6am flight to Miami, Florida on Tuesday for my meetings with Grant Cardone and Steve Spray at Cardone Enterprises.  Honestly, I don’t usually book my own flights, Cherry usually does or my travel agent but being ultra frugal at times can cost me in different ways than money and this time it did. Getting up at 2am for a 6am flight really cost me a lot of energy on Tuesday so let that be a lesson learned for next time.

Hotel check in time is not until 3pm anyways so arriving at noon wearing in a suit jacket in humid, 28 degree celsius weather while dragging luggage with me is hardly practical…

Thankfully, I was able to check in early, Thank you Courtyard Marriot, at noon, I felt like crap so I had a nap and did some work. Till my 3pm meeting with my videographer Dorian Nash.

Dorian is a good guy, 25 years old from Michigan and moved down to Miami to get out of his comfort zone, make more money to pay off his student debts from college.  Sadly he could not find his path in college, he did study Psychology but they didn’t teach him anything about the Psychology of Success (That’s the title of a wonderful book by Brian Tracy that I highly recommend).

Sadly Dorian’s story is not uncommon.  He went to college, it hasn’t helped him in his career but he’s still paying off the debt.  He asked me on camera what I would advise someone who is 25 years old and my advice doesn’t change.  

Invest in yourself first, get educated in ways you can provide the most value in your current situation assuming you like where you work.  Look at who makes the most money in your organization then request to take on similar duties. You’ll notice whoever makes the company the most money or saves the company the most money earn the highest incomes. 

My path was no different when I worked in corporate: I explored ways to transition into the Sales Department as our Sales Executives all made six figure base salaries and very lucrative bonuses based on performance.  I was highly inexperienced when I checked the job description so I made the move from Operations to Product Management.

In a software company that sells software products, those who manage the products are valuable and my salary increased by over 40%.  Increase salary meant more savings, more RSP matching, more credit for mortgages for investment properties or funding your stock investing account.

Many people start out trading time for money so you may as well trade your time for as much money as possible.  I was no different and Dorian is no different. Then we discussed real estate and stocks. As he’s still in debt and doesn’t have a downpayment for a property, I suggested stock hacking and he’s definitely interested.  He’ll start small just like we all do but it’s better to start and start small then not at all.

Anyways, as mentioned, I was in Miami, Florida to meet with Grant Cardone’s team and to interview Grant for my podcast.  I’m just waiting on the recording and we’ll publish it right away. For me it was an awesome interview. I took a week to prepare my five questions I had to submit in advance, I wrote a sixth on the spot then had to freestyle as I think Grant was enjoying the interview and we went over the 20 minutes I was allotted.

I don’t want to spoil too much, we discussed how he’s scaling his business both in revenues and in staffing: today, Cardone Enterprises is around 175 staff. I think they were three around ten years ago.

We discussed how to avoid burnout, how he’s raising his daughters and their education, why he shows off so much with his Roll Royce and private Gulf Stream jet plane, why people hate him and why people love him.  The lovely Elena Cardone walked in during the interview as well so I couldn’t help but ask her if she’s coming to Toronto on November 9th and spoiler alert, she is.

Elena Cardone is totally underrated as an influencer by the way.  She has so much presence, it felt like Julia Roberts walked into the room when she did. 

I’m getting side tracked, on to this week’s show!!

Ready, Fire, Aim Real Estate and Stock Hacking w/ Habib Olawale

We have my friend Habib Olawale of no surname :) Habib doesn’t share his surname on social media so to respect his privacy I’ll leave it out here as well.

Habib is a real estate investor with properties all over the Greater Toronto Area.  His strategy is not quite refined but he’s bought mainly new construction condo apartments spread out over the Greater Toronto Area.  He’s done some stock investing as well as he explains but I think it’s safe to say his strategy was hardly sophisticated.

We met over social media as Habib reached out after being a fan of this show, he came to an iWIN meeting in July, saw the presentation by Matthew, Omar and Adriano, my stock hacker friends and ever since, Habib has been obsessed with stock hacking.

Habib took the first Stock Hacker Academy course in September and to date has made himself over $10,000 as a beginner stock option trader.  Note he’s made far more on his real estate but even Habib wouldn’t recommend anyone follow his strategy but the most important part is he got started.

For anyone interested, the presentation that launched Habib to 10k in less than three months, you can see that exact presentation if you use the promo code stock when purchasing your tickets to the Wealth Hacker Conference.

All you need to do is go to www.wealthhacker.ca and just before selecting what level ticket you want, click on the promo code blue hyperlink and enter stock.

Or use the direct link in the show notes: 

Link: https://wealthhacker.eventbrite.ca?discount=stock 

For anyone interested in taking the same Stock Hacker Course Habib did then save the dates Saturday and Sunday Nov 30th-December 1st for the in class portion of the next Stock Hacker Academy.

 
Nov 2, 2019

Here’s a quick update from these parts, my stock option selling is going great, my realized return is $550 and I’ve collected $1,100 in cash. 

In bigger news, my AirBnb is now sold, fully furnished and we close in just a few days! I can’t wait to have that capital back so I may trade more stock options!  The plan is to increase my bank roll into six figures and take it from there. The last six weeks have been amazing for myself and our group of 70 stock hackers. With each day that passes, we have more investors reporting in their first thousand dollars in profits.  Several have a couple thousand, my friend Monica reported 10% in returns in just six weeks. That’s the high number for the group thus far and just to clarify, those are absolute numbers not annualized and the last few weeks have been quite good for the market… let’s see how long the stock market holds up.

In even bigger news, we’re about to pass 1,200 in ticket sales for our Wealth Hacker Conference.  I’m realizing I don’t mention often how many tickets we’ve sold but for everyone involved, this is the biggest audience we’ve ever spoken too.  Grant Cardone our keynote has done several talks to much bigger audiences but this is yet another step out of my personal comfort zone.

Get comfortable being uncomfortable I always say.  If you’ve followed my story of always trying new things out: AirBnb, private lending, stock option selling to stuff in my personal life, I’m a weak swimmer but I got my SCUBA license and have done at least ten dives.  Crossfit, Brazillian Jiu Jitsu, my fear of heights etc…. I’m no one special but I’m determined to just show up, go through the process, give my best on a daily basis and results tend to show up. 

For my fellow introverts, this may shock you, I prepared and delivered a presentation in Toronto last week, I went through my slides once in preparation to a room of 50-60 of mostly strangers. I’ve never given a talk on joint venture investing in real estate before but it was well received.  Just like this podcast, I think people enjoy the, no agenda, no holding back sharing we do on this show. One thing I don’t like to do on this show is to NOT scare the listener. As I produce this episode, Halloween is only days away but I’m talking about much scarier things such as a recession.

Recession, recession, recession.  There I said it. I hear it often, I don’t know when it’s going to happen, my crystal ball is no better than yours but what I know my portfolio is designed for said occurrence because it pays for itself.  My portfolio mix is almost entirely duplexes and student rentals in areas with very little vacancy.  

The great things about recessions however is the opportunity to buy the bottom and retire shortly after like this week’s guest Brian Zammit.

How An Investor Retired Him And His Wife With Dividends in 2011 With Brian Zammit

I’ve known Brian for a couple years.  He’s extremely successful with his ecommerce business of buying goods from the far east to market and sell to the west, some on Amazon too. Brian has been doing it very successfully for years.

Brian is also a real estate investor but he didn’t retire off of his real estate, he is a real estate investor which qualifies him to be on the show however I wanted this specific part of his story so you the listener may benefit and hopefully retire shortly after the next recession like Brian and his wife did.  

Brian retired him and his wife off of the stocks he bought in 2008 and 2009 after learning how to sell stock options by reading Canadian author Derek Foster’s book “Money for Nothing.”  The same book we’ve mentioned one this show a couple times.

Brian timed a once in a lifetime opportunity and nailed it.  He doesn’t think so and I’ll let him explain but if you can make an investment and retire off of it, I’m all ears because who knows when the next correction comes because I want to be ready for it.  

Brian shares how he timed the market, the plethora of books he’s read, what he really thinks of Omar and Matthew’s Stock Hacker Academy, the same program him, myself and a couple other past guests are taking.

Brian is a good guy, really sharp, and I’m really glad we had someone like him in the first group through the Stock Hacker Academy to validate the strategy works.

Oct 26, 2019

Hello Wealth Hackers!! 

Welcome to the truth about real estate investing show and we have a special guest in Grant Cardone this week.  If you’re not familiar with Grant, he is the bestselling author of The 10X Rule and If You’re Not First, You’re Last as well as a sales trainer, speaker, and entrepreneur who has worked in real estate and the auto industry. Grant Cardone is a real estate mogul who built his $1.2 Billion portfolio of multifamily properties from scratch. Moreover he was named the #1 marketer to watch in 2017 by Forbes Magazine.

You know that saying how you can judge someone by how they speak to the secretary?

Well you should see Grant. He definitely leads from the front and I can see it in his people who work with him that he’s well liked. Grant will say people only like him because he makes them money and he’s definitely charismatic, funny, and witty.

Other than hanging out with Grant, I was hanging out with one of Grant’s lieutenants in Steve Spray, he’s the host of Cardone University’s Mastermind and he’s really cool. Steve used to be so broke, he secretly lived in a furniture store where he worked. Since Steve joined Grant when they were only around ten employees, today they are 175 and he is extremely successful. We had lunch and did a bro workout together. Steve did 100 pull ups. I think I did 45. I’m going to play the age card this time as Steve is 10 years younger than me.

Steve shared how Grant personally coaches him which is wild to have a coach on that level and again, Steve is already very successful and is still learning.

The experience of being around Grant and his people definitely expanded my mindset to think bigger and I hope the same for you the listener. It may not seem like it but I stewed on these five questions I was asked to submit in advance. I’ve watched a lot of interviews of Grant and wanted to pull out that story no one has heard yet.

Personally this is one of my favourite interviews in it’s challenge and it was fun from joking about Canadian modesty to next level, multifamily investing in the hundreds of units. Grant’s Cardone Capital manages $1.2 Billion dollars US in real estate so he’s definitely the biggest real estate investor we’ve had on this show.

If you’d like to see Grant live in Toronto, on November 9th, go to www.wealthhacker.ca and use the promo code thetruth to save 10% off the public price.

Link: https://wealthhacker.eventbrite.ca?discount=thetruth

Oct 19, 2019

Hello and welcome to the Oliver Manalese show with your guest Erwin Szeto. LOL.

This episode is something different.  My old friend Oliver Manalese, one of the most successful rent to own investors I know asked me to be his first return guest on his show.  Oliver is a good guy, his business is to coach people through their problems, many self inflicted. I joked with Oliver when booking our interview, I told him “you’d be losing you S&$% with me if I was your client” I know my coach already is. LOL.

Anyway, the tables are turned today, Oliver has known me for years, since 2008’ish so it’s cool to be interviewed by an old friend who will ask those next level deep questions.

Without further ado, I give you some guy, he’s a husband and dad trying to figure out the most efficient path to financial peace and to make his kids proud.

 

Oct 12, 2019

Hello Wealth Hackers!!

Welcome to the Truth About Real Estate Show!!

If you’ve ever felt like an underdog or that project or investment you wanted to start looks insurmountable then please just think of this podcast.

Everyone and everything starts from the bottom. If you did me the displeasure of listening to the first few episodes of this show, you know how bad it was.  I was nervous like heck, I spent hours to prepare and produce the show as part of a six episode experiment. I stuttered more than usual.

I like to experiment, a test, so if a project fails, you move on to the next thing, learn lessons and move forward. I knew from the beginning, I wouldn’t be the most well spoken, our music is well, something I put together on GarageBand, our audio quality won’t be the best as my guests are hundreds if not thousands of kilometers away plus driving is just a time vampire.

I’m not sure what happened in the last month but we’ve had an overwhelming inflow of positive feedback.  Shout out to Jody Fleck, you’re email still makes me smile and happy to hear you connected with Anna Moore who is a past guest of this show and doing amazing things in affordable housing for retirees.

This morning, I checked our reviews of this podcast as a barometer as I’m updating our Marketing from time to time and in the whole world of business podcasts on iTunes, this little podcast that could is ranked 88th.  Lucky number 88. A podcast with a niche of investing and for Canadians.

Want to know the crazy part? There are only three Canadian Business Podcast ahead of the Truth About Real Estate Investing including the CBC who has a lot more funding than I do. LOL. None of the three are about real estate so I’m just speechless.

Please do keep sending in your feedback, it does help me guide where we go with the show.

One consistent feedback we have been getting is how we much truth we are sharing on this show about failures, especially mine.  I’ve shared how I'm selling my now AirBnb as it doesn’t generate enough income above and beyond a long term rental and before that, it was a student rental that didn’t work out thanks to a mentally ill student tenant who was just a nightmare.

I’ve said it from the beginning, this is the Truth About Real Estate.  It’s not always perfect and many influencers out there do have an agenda to promote their businesses and as a marketer, you don’t want to share the scary parts and there isn’t really enough time for it in our format. 

However as the host of this show, I have a lot more talk time and to make it easy on myself, I speak off the cuff, unrehearsed, just telling it like it is.

In case you missed it, the property I offered for short term rental, didn’t work out for me hence I’m selling it to do some stocks with a goal to earn higher cash flow returns like my friend Adriano, my electrician from Etobicoke who earned $120,000 or 30% returns in his first year as a stock hacker.  I can’t thank Adriano enough for getting me off my ass to believe I could be an option trader too and he is the guest of this week’s show!

How An Electrician Learnt to Hack Stocks and Earn Six Figures From His Smart Phone with Adriano

Adriano is a wealth hacker, he operates a six figure business, owns a mid sized apartment building plus three other investment properties, and he’s a six figure stock hacker.

Adriano is also only a few years away from joining Canada’s top 1% of income earners.

Let that sink in. Someone who’s formal education is Electrician college and he will out earn 99 out of 100 Canadians.  I want the same as Adriano hence I’m selling one of my ten properties to fund this investment strategy. Call it diversity, call it a cash flow play, I just want for another six figure stream of income.

Adriano is mentored for Omar Khan and Matthew Todman, both past guest of this show from a 2-3 weeks ago. If you haven’t already, have a listen to those episodes after this one.

If you’d like to take a deeper dive, you will want to see Matthew and Omar present on Nov 9th at the Wealth Hacker Conference where we have some of the world’s leading experts on growing a business, investing in real estate and stocks.  Our keynote speaker is Grant Cardone who also has multiple streams of income totalling over $100 million in revenues and his real estate company manages 1.2 billion of real estate.

As a special bonus to fans of this show and those interested in learning how to hack stocks like Adriano the electrician, use the promo code stock when buying your ticket and we will send you an exclusive video of a private presentation Omar and Matthew and Adriano did for my members only iWIN group.  All you need to do is go to www.wealthhacker.ca and just before selecting what level ticket you want, click on the promo code blue hyperlink and enter stock.

Or use the direct link in the show notes: 

Link: https://wealthhacker.eventbrite.ca?discount=stock 

If you don’t like stocks, that’s ok, I didn’t either, I was almost wiped out in 2008 with my stocks.  The Truth is I chose very young companies, highly speculative ones that didn’t pay dividends. Now I only want to own the cream of the crop of blue chip companies with decades of track record paying dividends. Only boring stocks for me as I despise speculation and gambling.

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