Hello EveryoneÂ Investing in Hamilton Ontario Real Estate!!
Have you seen The Wolf of Wall Street yet? Pardon my (Erwin’s) tardiness if you already have. With young kids,Â we’re extremely behind on our Hollywood blockbuster movie watching. Â So far this summer, we’ve only seen Avengers 2 and we had to search for a theater as it was already out for two months by the time Cherry and I could get away for a date night. LOL!!
Anyways, back to Jordan “Wolf of Wall Street” Belfort, played by the incredible Leo DiCaprio. If you haven’t seen the movie, Leo’ character started his own brokerage on Wall Street and grew it to over 1,000 brokers by selling unregulated penny stocks for high commissions. Â Jordan and his staff basically had no moral compass and made millions off their naive clients, using baseless promises of riches while the investors bore all the risk and lost millions.
I was shocked a human being would show such lack of respect for other people and their hard earned money. And it’s not just about money. This was peoples’ retirement and nest eggs. Recall the number of suicides that followed the uncovering of Bernie Madoff’s ponzi scheme. To me, the real Jordan Belfort has blood on his hands. Â How would anyone even trust this guy? Â The nickname “Wolf of Wall Street” was coined by Forbes Magazine as he was a wolf in sheep’s clothing.
Is anyone really that surprised there are people out there willing to profit off your hard earned money? No, it’s not, as I recalled after watching the opening scenes and picking my jaw up off the floor. I’ve seen the same thing play out many times in the real estate industry: investors purchasing terrible properties, lending money at 100% loan-to-value at high risk and insufficient reward, lending unsecured money on construction projects. Companies looking to raise funds that have been red flagged by Accountants and Lawyers I trust.
Your lesson from this? Do your due diligence. As I advise new investors everyday including the ones meeting me for the first time, check references. Â When looking to invest our own RSP money in a real estate development, I even went to one of the most respected experts in Canada, if not the world. I asked Don R Campbell.
Would you like to hear from some of my investors AND want to know more about what you can reasonably accomplish in just FIVE years of real estate investing in Hamilton? ThenÂ tune in Wednesday, Aug 26th at 9pm for our FREE WEBINAR where we will be reviewing the SECRETS and financial statementsÂ of some of our most veteran, sophisticated real estate investors.
New $12-million air cargo terminal opens in Hamilton
From the articleÂ New $12-million air cargo terminal opens in Hamilton
the new facility will result in 400 jobs, both in its own operations and among companies using it.
Ontario Education Minister and Guelph MPP Liz Sandals said her government supported the project because it will boost the area’s economy.
“We’re supporting this because we want to grow our economy and create jobs right here in Hamilton,” she said. “We’re supporting this because we know how important infrastructure projects like this are.
As sophisticated investors know, it’s not about location, location, location but rather JOBS, JOBS, JOBS. Â Real estate gains follow rising household incomes.
Thank you for reading andÂ Happy Hamilton Real Estate Investing Everyone!
By the way, we need your help! We have a number of investors looking for investment property so if you know anyone looking to sell their property anywhere in Ontario please let us know!
Erwin |Â MrHamilton.ca
PS:Â If you are just starting out investing, start byÂ spending more time with like minded people and take guided tour of Hamilton by joining us for the next Mr. Hamilton Inner Circle by clicking here!!!