The Truth About Real Estate Investing... for Canadians Erwin Szeto

Our guest today is Andrew Kim, with ten years of real estate experience starting in the GTA, before building a portfolio of 20, fully managed properties in the state of New York, Florida, Atlanta and Dallas.  He’s a serial tech entrepreneur who’s worked in Silicon Valley startups and is now combining his passion for real estate investing with his technology. 
Andrew’s company combines the expertise to handpick quality investment properties for Canadians in the US., writing offers to arranging ownership structuring, taxes, property management, financing partners, renovations and setting lease rates, it doesn’t get any more passive.
To me this is the dream, as the investor I’d have direct ownership and control over the house but passive as the property generates enough rent to pay for top notch management.
[iWIN Hybrid Workshop] How to Invest in the US Real Estate Market: https://iwinworkshop.eventbrite.ca
With inflation getting out of control, rent control, uncertainty of receiving rent here in Canada for mainly Ontario and BC investors, I think it’s advisable to give this episode a listen.
To follow Andrew or interested in learning more about Share go to iwin.sharesfr.com. To view current and past US deals, you do need to sign up, let them know Erwin sent you and they’ll take good care of you.
 
Website: www.sharefrs.com
Article in the Toronto Star: https://www.thestar.com/business/priced-out-of-your-neighbourhood-this-real-estate-investment-ceo-suggests-looking-south/article_a5704a4f-7524-5f53-a40d-fc78f477fd48.html
 

We have a long-time friend of the show Kayla Andrade, President of Ontario Landlords Watch, a grass roots, not for profit organisation, there’s almost 10,000 Facebook group members. Kayla has been advocating for landlords ever since her local city passed a by-law that if a tenant doesn’t pay their water bill, said debt gets applied to the landlord’s property tax.  Got to love how landlords are expected to back stop the tenant’s debt.
Kay is here to share about best practices and how we may advocate for our rights so we may all come together to make a healthier rental market for everyone including the vast majority of tenants who are great.  We discuss challenges we face, how she’s pausing growing her portfolio, and the always amazing, upcoming Ontario Landlord Watch Conference on October 28th, doors at 1pm and dinner is included.
I’ll be there along with many wonderful speakers and a certain member of Parliament Kayla announces for the first time on this show!!
Link to receive more information and tickets available here: https://www.eventbrite.ca/e/ontario-landlords-watch-5th-annual-private-housing-sector-conference-tickets-681955085017?fbclid=IwAR2BgiOKha4BOJhFvCHjY9MSN7UwA2AUISHy-tUsPRgMZO6hqNOUlpajMUI
Again that’s Saturday Oct 28th, doors at 1pm, my friends from SingleKey and Front Lobby will be there too. Dinner buffet included!
Please enjoy the show, I present to you Kayla Andrade.


To Follow Kayla: LinkedIn: https://www.linkedin.com/in/kayla-andrade-b4855648/?originalSubdomain=ca
Facebook Group: https://www.facebook.com/groups/818378618219840
Personal FB: https://www.facebook.com/Kayla.Andrade.olw
Website: https://ontariolandlordswatch.com/

If you need help improving your record, myself and my lovely friend, today’s guest Elizabeth Kelly loves to help too.  It’s why we get along so well.
Hopefully Elizabeth Kelly does not need an introduction.  She tells it like it is. Elizabeth was a paid, professional educator for Rich Dad Canada since 2012 and taught a couple thousand investors, including many of today’s influencers, coaches, full time real estate operators.  
She has own property management, Sandstone Property Management that manages hundreds of doors across multiple strategies, apartment buildings, AirBnb, Rent to own. Elizabeth has done around 100 rent to owns. 
She’s the longest time investor in New Brunswick I know so before going there please listen to this show, reach out to her, she doesn’t mind.
Elizabeth is hosting her 2nd conference after the highly successful, inaugural Real Estate Resilience online event she’s back again for 2023.  The price is very affordable at $74, link is in the show notes: https://www.accelevents.com/e/resilience2023?aff=Elizabeth
There are several friends of mine and past guests of this show and event a client on the speaker panel. If you want to go deeper into what the successful pros are doing you want to check out the Real Estate Resilience summit, a two day event, Saturday & Sunday October 14-15th.
 
Please enjoy the show!

In this episode, I am breaking down the newest updates from the Bank of Canada on what's happening with interest rates. There’s talk of a possible recession and the economy slowing down, and we're here to get to the bottom of it all.
 
Using fresh info from Stats Canada and the Bank of Canada, I look at how the continuous increase in interest rates is affecting not just the big picture, but our day-to-day lives too. From what we are spending at home to what's happening in the housing market, we’ll see how big world events, like China's economy slowing down and wildfires here in Canada, are having a ripple effect on our economy.
 
We will also go step by step through the newest facts and figures from the Toronto Regional Real Estate Board, all fresh from August. Whether you’re thinking of buying a condo or a standalone home, I've got the latest scoop on trends, prices, and tips for both buyers and sellers to help you make the best decision.
 
So sit back and enjoy the show as we unravel what’s really happening in the Canadian real estate market, making it simple and easy to understand for everyone.

On to this week’s show! 
As always, I look to bring you a variety of guests to share their unique experiences and journeys. Today we have old friend Greg Habstritt back on the show to share what he’s up after dominating the influencer scene, owning a $100 million dollar real estate portfolio, going through dark times both economically and personally.  He invests in Calgary Alberta afterall. To his current personal interest and finally aligning his personal passion with curing mental health via medial psychedelics.
Greg and I are not medical doctors so none of this should be taken as medical advice so please speak to your own health professional.  Greg does share his own out of body experience, flashing back to his childhood trauma allowing him to understand his adult insecurities.
This episode is not for everyone, we have hard core real estate guests all the time, you may want to check out a past episode if that’s more your liking but if you’re into bleeding edge or want to better understand yourself how a childhood trauma helped shape who you are today or learn about the best big thing after Cannabis then you’ll enjoy this episode with Greg who is a super smart dude.
His website is https://alightment.com/
Please enjoy the show.

If you follow the real estate news in Canada as much as I do on paid and free sources as much as I do then you will have already heard of my guest this week in Ron Butler who started in the Mortgage Brokering business just after the housing crash happened in the late 1980s and his business Butler Mortgage is one of the largest Mortgage Brokerages in Canada.
Ron is known as the Angry Mortgage guy. His podcast is literally called Angry Mortgage where he rips on all the things wrong about real estate in Canada on both his podcast and to his 56,000 twitter followers where he has no filter so I’ll warn you now, there is some adult language not appropriate for the young ones during our episode. Ron is also a regular expert who is regularly interviewed on pretty much all the major, mainstream news outlets. 
He’s here today to give you an insider’s view on why this current housing market is different than the crash of the late 80’s, who’s actually buying real estate today, advice to young people who don’t have rich parents, how he called my strategy of buying houses for my kids a sickness and ridiculous.  
But before we get to Ron, I do hope you’re all having a great summer and getting ready for what will be an opportunistic fall/winter!  For buyers, this will be as good as it gets before rates peak and the rhetoric from the Bank of Canada is pause and rate cuts.
For sellers, the smart, motivated, those who cannot hold on for the next year or two while rates are higher.  They will successfully exit or else be stuck holding the bag till the spring.
I’ll be sharing more of my research, what our clients and I are investing in including the stocks I’m buying on the cheap if there’s interest at the September iWIN Meeting Tuesday night, September 19th for those interested in the truth about what successful, everyday investors are doing with their investments.  We have a big time developer how they can still make money in this market, how folks can participate in the development and building of preconstruction without having to take possession of a property because personally, I wouldn’t want to own, rent out, pay out of my pocket massive negative cash flow.
I’d rather make money alongside the developer and only risk my investment. Unfortunately, some preconstruction investors did not realise they can lose more than their investment if the property drops more in value than their deposit.
If you’re already on our email newsletter, you’ll see we’ve already announced the event and how to register. If you’d like to be on our email newsletter like the over 10,000+ iWinningest investors in Canada are already receiving to gain that information advantage, go to www.truthaboutrealestateinvesting.ca to stay connected, be informed like a sophisticated investor should.
There’s a right way to use leverage and a wrong way and if you don’t believe me, you can hear it from the biggest real estate bear I know personally in this week’s guest, the Angry Mortgage Broker, 30+ year mortgage veteran, Ron Butler!
Again, a warning, the language used by Ron to express his opinions are not appropriate for those easily offended, nor children and they are Ron’s opinions, not mine nor that of any of my businesses.  If you do offend easily please skip this episode. 
Twitter/X: https://twitter.com/ronmortgageguy
Website: https://www.butlermortgage.ca/
Podcast: https://www.youtube.com/channel/UC8vl-_vvvf7VZcxKPJ-v-Xg
 
In seeking any truth, getting opinions from several expert sources is ideal. 
 
Please enjoy the show!