Hello Hamilton Real Estate Investors!!
What a gorgeous weekend and what a great Inner Circle Meeting!! Our guest speaker Kathleen van den Berg was provocative and informative, challenging traditional financial planning theory. I cannot wait until I have my one-on-one, fee based, meeting with Kathleen. I requested a fee based meeting because I want high quality advice that improves my finances and top notch service vs. “free” advice from my financial planner at the bank. You can follow Kathleen at https://www.facebook.com/groups/DurhamMoneyMatters/ or her website: http://www.kavwealthstrategies.com/
There were tons of great questions from the audience, some surrounding term life insurance vs. permanent insurance, so we’ll look to flush out the answer in more detail on a future episode of the Truth About Real Estate Investing Podcast.
Guest speaker and real estate Accountant from realestatetaxtips.ca dropped in to share her observations from the 2017 tax season. I don’t watch a movie until I check rottentomoatoes.com for the aggregate review score (critics and fans, I weigh more towards the what the fans think :)) to confirm it’s a good movie and worth my time vs. regretting having watched a movie and wanting that time back (I’m talking about you Jason Statham’s The Transporter). Well Cherry prepared hundreds of tax returns and has a behind the scenes view of what investments were winners and losers, so we may adjust our portfolios for more winning and less losing. Cherry too will be an upcoming guest on the podcast, and you won’t want to miss it! Make sure to subscribe and please leave a five star review if you enjoy the show.
For me, as host of the Inner Circle Meeting, I was happy to see how many investors prioritized and sacrificed the first nice Saturday in May for their education and financial future. There is one thing consistent about successful investors, and it’s that they want it more than less successful investors. For example, I miss only one or two REIN meetings a year (I’m on vacation or something comes up at work), and rarely do I miss a Rock Star member meeting. I block off the time because my education, networking, and masterminding is a priority to me and my family, so I don’t let anything else get in the way. Success is only partly luck, and hard work will always trump talent when talent does not work hard.
How to Increase Cash Flow with Basement Apartments with Andy Tran
Welcome ladies and gentlemen investors across the greatest country in the world. This is the Truth About Real Estate Investing show for Canadians, where it is my job to bring you experts in the world of investing to learn their expertise and experience. In our interviews, we will flush out their out their strategies and lessons so we may listen and takeaway highly tactical tips and ideas to improve our investment portfolios.
We’ve had guests in the past from the other side of the country. Don Campbell, who resides in British Columbia, Pierre Paul Turgeon, who’s from Alberta. This week our guest, Andy Tran, is on the other side of the world in Japan, visiting his wife’s family. I’ve been friends with Andy since 2009, when we met at a mutual friend’s birthday and ran into each other again at REIN. Andy was one of my first clients, as I helped him purchase investment properties in Hamilton back in 2010, but now the tables have turned as I have hired Andy to prepare my investment property for a legal basement suite conversion. As always, I believe in hiring the best to work on my business and it just so happens that Andy is a leading expert in accessory apartments in the golden horseshoe of Ontario. Andy is guiding me and my property through the city’s permit process including building code, certified drawings, working with the city’s planners and inspectors etc… stuff that I neither enjoy nor have time for.
Andy is a former home inspector and former Manager of Education for Carson Dunlop, a well-known home inspection company in Toronto that produces half of the education material for home inspectors. He’s the Author of book “Legal 2nd Suites – A Beginners Guide.” Andy is a regular guest speaker at different real estate networking events and an all-around nice guy so without further do, I present to you Andy Tran.
Google Play: http://goo.gl/CAM5Mn
On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294
On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr
Download as an MP3 by right clicking here and choosing “save as”
Erwin’s preferred cheap headphones with mic:
Andy’s website http://www.suiteadditions.com/#home-section
You can download Andy’s book here: http://www.suiteadditions.com/start-here/
And contact Andy here: http://www.suiteadditions.com/contact/
Thanks for reading (and listening!) and happy Hamilton real estate investing!
Erwin Szeto | MrHamilton.ca
Sales Representative, Owner of Hamilton Real Estate Investment Property
Rock Star Real Estate Inc., Brokerage
President of the Basket Brigade Charity
Podcast Host/Producer of the Truth About Real Estate Investing for Canadians
Real Estate / Mortgage Agent of the Year 2016
Hamilton’s Top 40 Under 40
Real Estate Agent of the Year 2015
Leadership Award (Michael Millenaar Memorial) 2013
REIN’s Top Player Award 2013, Silver Award.