The Truth About Real Estate Investing... For Canadians

When we first met Joe, he was 24 years old and had saved $80,000 from holding down multiple jobs at the same time since he was 16. A month later, Joe had his first investment property and one day Joe was complaining to me how expensive properties are these days.  It was then I asked him to review for me what his net worth is today vs. what it was when we first met.  From $80,000 to over $1,000,000 in just two years. The results are astounding. If you don’t believe me, ask an entrepreneur with a start up business. Or ask around 30 somethings if their net worth is over $1,000,000. Add to that parents who while supportive in giving young Joseph food and roof over his head but were not fans of Joe investing in real estate, having tenants and taking on debt. This is Architect Joe’s story on how he went from $80,000 to $1,000,000. To Follow Architect Joe: Instagram: https://www.instagram.com/josephcostanza/ Facebook: https://www.facebook.com/joseph.costanza.714

We have a special treat in my old friend Mike Desormeaux who I met back in 2010 when I joined Rock Star Real Estate.  Mike is modest but from my recollection, he’s been the top agent and coach at Rock Star in terms of unit volume and his clients love him. Mike wasn’t always successful though, he comes from some serious humble beginnings, from living across from the train junction yard to living out of his car but he discovered investing in real estate and life from there changed forever. Fast forward to today, Mike is a successful investor and author of Wealth Won’t Wait, a book about creating income during uncertain times.  Funny enough Mike always wanted to write this book and did during the uncertain times of the early pandemic. Mike is an awesome guy and he’s got a bunch of crazy real estate stories to share. Stuff you can’t make up and for those who think Realtors have it easy, here’s a behind the scenes on the hustle and risk some take on to do the right thing.   To Follow Mike: Mike’s book is on Amazon

On to this week’s show! Today we have my old friend Rachel Oliver who has achieved massive success via an investment strategy called rent to own having executed 500+ deals on said strategy. As always with this show, we look to bring you the leading subject matter experts and without a doubt we have one today in Rachel Oliver of Clover Properties. On this show Rachel pulls back the curtain on how she runs such a successful business in real estate from how she generates leads for tenant buyers including 800 applicants in a month, how she chooses markets for properties to invest, how she’s able to help 90% of her tenants buy the house at the end of the term.   I think Rachel and husband Neil are great in how they run a win-win-win business.  A win for themselves, their investor and most importantly the tenant.  Rachel also shares how she became an author, co-host of a television show, and about her extended vacation in Costa Rica.   To Follow Rachel: Web: www.rethinkrentals.ca; www.hellocashflow.ca Book: Rent to

On to this week’s show! Tim Tsai is a full time real estate professional investor and for Tim that means only working 20 hours a week. After achieving financial freedom in his late 20’s after 25 months of hustle, he took on a contract to teach what he’s learnt for almost seven years. Tim and I have a pretty open conversation on today’s show.  He shares how he’s had several heart attacks before the age of 30, how he lost $1,000,000 on a real estate joint venture and how he’s bounced back to currently hold around 380 doors.   To Follow Tim Tsai: Facebook: https://www.facebook.com/thetimtsai/ Instagram: https://www.instagram.com/theonlytimtsai/ Web: https://trustyourtalent.ca/

On to this week’s show! This week we have the lovely Kayla Andrade, hopefully by now all you real estate investors know who Kayla is. She’s been running a not for profit, grass roots organization called Ontario Landlord Watch to bring us landlords together to support one another and mobilize politically, inform the powers that be the challenges we small, private investors face in creating more housing supply and better help good tenants.   Kayla shares why her family emigrated from Newfoundland to Ontario, changes in policy we landlords need to watch out for and how to escalate our problems at the Landlord Tenant Bureau. Plus we chat about Landlord Credit Bureau, a service that helps tenants build their credit and hold them accountable to paying rent on time.  If you’ve never heard of them, please check them out, these guys are a game changer. We’ve signed up and I wish I knew about this service years ago so we could hold those tenants who roughed up our properties accountable. Please enjoy the show!!   To Fo

On to this week’s show! This is how well planned some of our shows are, George and Jessie were on their way through town for a wedding so they stopped in for a podcast.  George’s story I know, he’s a pharmacist, lives and invests in big cash flow properties in Belleville, Ontario, two hours east of Toronto. Jessie who I’m meeting for the first time, shares with me that she started an online business, following a passion and selling jewelry during the pandemic on Etsy and generated six figures in revenue. This year she’s looking to 10X after being inspired by Grant Cardone, our keynote speaker from the Wealth Hacker Conference.   FYI Wealth Hacker Conference II will be in the Fall of 2022.  And like all sequels, we’ve had many learning lessons, we’ve grown so much during this pandemic and Wealth Hacker Conference II will be considerably better. If you’re on my email list, you’ll be informed when early bird tickets are available for best seats and best prices. If you’re not on our email list you can join the 10

On to this week’s guest, my very own coach for the last seven years Mary-Anne Gillespie.  She’s a business coach, a Realtor, real estate investor, cancer survivor, orphaned and homeless at the age of 16, and more recently and insanely, an Iron Man Triathlete.  An Iron Man Triathlon is a mere 2.4 mile open water swim, 112 mile bike ride, and finally a marathon run of 26 miles.  And she trained and completed her first race in the middle of a pandemic at altitude in the US without her team, spouse, anyone. She travelled alone. To Follow Mary-Anne Gillespie: Web: https://www.yourgamechanger.ca/game-changer-program Web: http://www.redapplecoaching.ca/about-me/ Instagram: https://www.instagram.com/maryanne.gillespie_coach/?hl=en

This week we have YouTuber, real estate and stock investor Griffin Milks on the show. He’s only 24 years old, for many he was set with a government job that came with a pension, his whole family works for the government and he quit. Griffin quit to focus on real estate and creating videos.  Today he has four small multifamily properties in Gatineau, Quebec that cash flow quite nicely plus he’s earning a couple thousand per month from YouTube. For me, it’s quite refreshing to meet such a young go-getter. On this show, Griffin shares his numbers on small multis in Gatineau, books he recommends, favourite stocks, and advice to beginners.  To Follow Griffin Milks: Youtube: https://www.youtube.com/c/GriffinMilks

On to this week’s show! We have a special guest in Kevin Hyunh of Empire Mortgages.  He’s special as he’s a friend and one of my trusted mortgage brokers to find me inexpensive mortgages so I may continue to invest in real estate.  Two weeks ago, we closed with a mortgage brokered by Kevin and team and we have another duplex expected to close in about a month from now requiring Kevin’s magic as well. If you know Kevin, he’s one of those guys who gives 110% in everything he does.  He’s run marathons, he competes in Crossfit, he’s a 11 year veteran of mortgage brokering and not just A and B lenders, he does a ton of C lending which is private mortgages on top of that they do construction mortgages.Kevin also completed Stock Hacker Academy and is achieving great returns.  If you too want to be a Stock Hacker, I’m giving a few more demos before we deliver the next course starting October 1st. www.stockhackeracademy.ca for details. Don’t delay, the sale price ends this Monday August 31th. Again that’s www.stockhac

We have one of our real estate clients on the show today to share expertise and experience as always to grow our mastermind. If you don’t know what a mastermind is, it’s a group of like minded people who share and support one another and today’s guest recently wrote a book on titled “The Indispensable Survival Guide to Ontario’s Long-Term Care System” The question is what are your plans when you’re beyond the age of 65?  If you’re listening to this show then you’re an investor and planning for the the future Many real estate investors clients of ours invest in real estate to retire their spouse and or pay for university for their kids.  Something some haven’t considered is long term care for aging parents or for themselves and I don’t want anyone blindsided by this inevitable expense hence we invited Karen Cumming back on the show. Karen is a professional journalist, she’s even travelled to and covered the olympics and a teacher.  By nature, she’s a researcher and seeker of truths and loves to share so she’s

Today’s guest Michael Ras happens to be both our real estate investor client and graduate of the Stock Hacker Academy. Michael is successful in both having flipped a couple houses and holds a couple houses in Brantford and the Niagara Region and cash flowing $750-1,000 per month with a $30,000 account. That’s all par for the course for guests of this show and what’s really interested in Michael has decided he wants a pay cut to work for the government as a Member of Parliament: Michael is running in the upcoming election in the Mississauga-Lakeshore riding. Michael is here to share about the election issues, largely around housing and the red tape real estate investors like us including Michael face in creating more housing supply.  He knows exactly our pain and he’s kindly stepping up to do something about it in Ottawa. Yes Michael is running in a party some people do not agree with but I agree with Michael on the issues and if anyone listening is running for a different party, I’m all for having you as a gu

Here is my cousin’s story: he’s a professional musician and like many, he doesn’t make a ton of money, no pension but he does have supportive parents, he’s invested in real estate and he knows how to research and grind. Chubby’s story is no different than many millennials, he doesn’t have huge savings for down payments for real estate but he’s managed to cash flow $57,000 in 18 months with a less than six figure investment.  How many investors can say that?  Past of course does not predict the future. If you or someone you care about is interested in an extended version of the demonstration I gave my cousin Chubby sans red wine induced rant, then head over to https://www.stockhackeracademy.ca/freedemo-w to register.  Cherry is actually delivering the next demo but I’ll be there to support plus we will have some seats available in the office if you’re cool :) Please enjoy the show!

One of my favourite things to do in the world is to make a difference in people’s lives but not just anyone, those who put in the effort to get ahead in life. That brings us to Joel Arndt who reached out to me over direct message on Facebook a while ago followed by an ask me anything on my podcast.  Then six months ago Joel was on to share his investing success, now six months later I wanted an update and Joel, our millennial, former barista is back to share about his investment journey, talk real estate, stock hacking, and even crypto currency. If you too are just starting out on your journey or know someone just starting out, you may want to share this episode with them.  All you veteran investors out there know, it’s harder than ever to cash flow but young Joel is here today to share how he managed a 30% cash on cash return as a beginner stock hacker in his first 12 months. Don’t forget though, Joel has now invested heavily into his education and past results to not predict the future.  I hope you enjoy th

This episode is actually a re-release of last year’s #1 downloaded episode recorded in October 2020. Joel Arndt is a young guy, single dad, from North Bay, Ontario millennial who like many wanted to get into real estate but the capital required to invest in a house can be steep for those without help from parents and other relatives but with his newly learnt skill of stock hacking, he’s been able to cash flow 30% over 12 months using strategies learnt from attending Stock Hacker Academy with a $10,000 investment. For those wondering, Joel’s formal education is in religion as he attended college to become a preacher of Christianity.  He also has no formal finance education, just a willingness to learn. Of course past results do not predict the future but in my opinion, this is the future of side hustles for cash flow without tenants and toilets and diversification away from real estate.

Kathleen shares a lot of things in common with you the audience and myself. She doesn’t do mutual funds even though she would get paid to. She’s not a fan of RRSP’s and prefers cash-flowing real estate, Stock Hacking, her small business as a Financial Planner, and whole life insurance, more importantly how she borrows from her life insurance for the capital to invest in three houses plus bankroll her stock hacking account. FYI the really good financial planners charge a lot of money for their time so we’re in for a special treat to have Kathleen on to share how she advises clients to invest which matches how she herself invests. Please enjoy the show.   To follow Kathleen: Website: https://wealthplancoach.ca/  (you can sign up for her newsletter there)

On to this week’s show!! Fresh off the golf course from a lesson, we have the mothers of real estate.  For those watching on YouTube, our Truth About Real Estate Investing channel, please pardon our attire as these moms are busy having ten kids in total between the three of them and real estate empires to manage. We came directly from golf to record this episode so we’re dressed casually and I have hat head lol. Gillian Irving shouldn’t need any introduction, she’s returning now for the third time as a successful student rentals investor, crypto currency investor, small business owner and mom to four kids. Monika Jazyk prefers buy and hold and more recently passively investing her capital into storage and industrial warehousing to be less hands on and more time at home to be with her four kids. Rachel Oliver who’s been on the show before and we mastermind together, Rachel with husband Neil Oliver has the largest rent to own business in Canada with a 90% successful buyout rate by the tenants for a truly win-wi

To celebrate 200 episodes, I have my real estate team here today because they’re the ones who got us here today to share some lessons from the last five years and 200 episodes.  Five years is a milestone as we all have five year goals and the team is here to share some investor stories from the last five years. So today we have our biggest podcast in history in terms of people on the show and we have: Tammy “the Duplex Queen” Ditomaso James “Money Baggs” Maggs Tim “Clap Back” Hong.  Tim is Clap Back as he has the wittiest comebacks. Joel Arndt, and Chris “The Captain” Hook Special mention to Meaghan Robidas who has been my Operations Manager for the last 7 years but she’s too shy to come on the show but that does not discount the importance she has in our success. If you’re not sure what you can accomplish over the next five years or my 200 episodes then this episode is for you to inspire some ideas.  Want to be a top 1% podcast? Host your own event to 1,600 people? Own 10 or more investment properties?  It’s

On to this week’s show!! We have architects and innovators of laneway housing Ryan Fernandes and Craig Race from www.Lanescape.ca Young Ryan reached out via my website to let me know he’s been a long time listener, more recently investor and what he’s going going on workwise with Landscape designing laneway homes which are like laneway garages repurposed into apartments or a new build tiny house on a laneway behind the house.  The progressive Toronto government makes laneway housing attractive investments hence we have Ryan and Craig here on today’s show to share how the investment works. Ryan and Craig have 50 laneway houses at various stages under their belt and they’re here to share hard and soft costs, rents, tenant profiles, and where to find such opportunities. Hopefully the next phase will be garden suites so we investors may create much more housing supply to improve housing affordability. For free property reviews and resources: www.lanescape.ca

Soon after they shot out of a cannon buying a lot of property over a short period of time. I remember meeting Matt at a Rock Star VIP dinner event (remember having dinner in a restaurant with friends?) and I remember him sharing how he was concerned about paying the double land transfer tax for a house in north Toronto. That was 11 years ago, thankfully they did the deal and I’m sure the house has tripled in value.  Funny how investing in real estate can change lives. 11 Years later, Matt Spada is no longer the 23 year old I met in 2010.  He’s now a gym owner, father of two, owner of as many as 12 properties, now holding seven houses.   Matt also took our Stock Hacker Academy program this past fall and shares he’s really enjoying it which is awesome because I love hearing client success stories and Matt and his dad Gino are gym owners.  I’m quite confident they could beat me up without breaking a sweat. Anyways, here is the story about how a 19 year old Matt Spada got started investing in real estate. To Reac

Today we have my friend Jayson Lowe of Ascendent Financial who is kind enough to provide Cherry and I whole life insurance. If you never heard of whole life insurance and how it fits into the Infinite Banking concept, that’s ok. Like learning how to invest in real estate, it wasn’t anyone's job to teach you and I only got first interested when several of my wealthy real estate investor friends shared with me, whole life insurance was their path to more mortgages.  There is a right and wrong way to invest, I know quite a few who did it wrong so I’m glad to have Jayson being a real estate investor and private lender here today explain the strategy. To Follow Jayson: The And Asset Book: www.andasset.ca Free Full Overview Video: https://www.ascendantfinancial.ca/