The Truth About Real Estate Investing... for Canadians
The Truth About Real Estate Investing... for Canadians is by Canadians for Canadians eh? The show is exactly that, we speaks truths, no get rich quick schemes, investing is a marathon, if you're looking to get rich quick this is not the place for you. Instead, we invest based on economic fundamentals using tried and true best practices that generate wealth for the long term.The Show is hosted by Erwin Szeto aka Mr. Hamilton. Erwin is a professional real estate investor, Realtor at Rock Star Brokerage Inc., 2015 winner of Realtor of the year by the Real Estate Investment Network AND the Canadian Real Estate Wealth Magazine. He is an expert in his field and knows his business like no other.In this show, he deconstructs world class investors, digging deep to find the tools, tactics, and lessons that all investors can use.
Rank #1: How An Investor Retired Him And His Wife With Dividends in 2011 With Brian Zammit.
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.
Rank #2: Financial Peace with Rav Toor.
Are you ever really sure you know what you’re doing? I regularly check in with our investment decisions and more importantly what my wife and I are doing as parents. No different than investing, a custom approach is best and kids with their personalities is no different. Admittedly I’ve taught my kids some controversial things and today is international bully awareness day so I thought I would share. My son enjoys hitting and wrestling, my older daughter not so much so I’ve told her to tell him to stop, if he doesn’t, walk away, if he keeps pestering you then hit him just not in the face. I know many don’t believe in violence but from everything I’ve read on bullying and from my experience, there are people out there who don’t understand words, such as bullies so I view this as a learning experience under the safety of our home. My daughter learns to stand up to bullies and my son learns that unacceptable behaviour will result in being hit by the victim. Even though their fighting drives me bonkers, to see how they are best friends makes it all worth it. Here they are, my daughter is riding my son’s bike because she got tired of riding her scooter and my son is copying me how I was pushing my daughter when teaching her to ride without training wheels. My family is my motivation to work hard to afford more financial freedom and financial peace. Financial peace is a term I first heard from this week’s guest who is mega successful thanks to his TV show The Everyday Investor but he has peace as he does very little other work other than starting his own church. He has peace as he called his phone company to remove the texting function from his phone and he deleted all of his social media. Rav was a Realtor and owned his own brokerage plus several investment properties but the lifestyle of hustle and demanding schedule did not suit him so he stopped being a broker and sold all his investment properties. Instead Rav focuses on his producing his show and others, teaching others how to invest passively in land developments. But by far the majority of his time is spent with his wife and two teenagers. Financial Peace indeed as Rav is rich yet his favourite store is Old Navy and the only car they own is not fancy and over ten years old. Here am on as a guest on Rav’s Show https://www.youtube.com/watch?v=IzRuyalspiY If you’re interested in learning more about investing in real estate we have upcoming Street Smart tours of two of the elite 8 towns: Brantford and Barrie. Saturday morning of April 27th, we have the former Economic Development Officer of Brantford leading our tour of potential investment properties. One property will be ideal for the recreational investor and another for more intermediate to advanced. The tour will be followed by a mastermind lunch with fellow local investment including experts from the iWIN community. To get your tickets: https://www.eventbrite.ca/e/iwin-april-27-brantford-street-smart-tour-tickets-59267081436 Save the date: Saturday morning of May 18th, same idea for Barrie, a street smart tour led by award winning Realtor and investor of 10+ properties, John Beddome, he was a guest on this podcast just two weeks ago and has been investing in Barrie since 2007. John will be hosting a tour of properties followed by a mastermind lunch with fellow local investment including experts from the iWIN community. Save the date for now and stay tuned for how to buy tickets which will be in the show notes at the http://truthaboutrealestateinvesting.ca or get on the email list so you are emailed when new episodes are released and informed when we host events. To follow Rav, again he doesn’t have social media: https://everydayinvestor.com/ https://simplechurch.ca/
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