Hello everyone investing in Hamilton real estate!!
There is no feeling like carrying half your body weight over head while doing lunges.Â Itâ€™s actually an awful feeling at the beginning, however, Iâ€™ve been practicing for a bit and it has become more natural. Now I look forward to holding weights overhead because I know most people hate it so I can beat them in competition. 🙂
As part of my pursuit of living an active lifestyle, Iâ€™m signed up for the Crossfit Open, an open competition to anyone, where a workout is announced each week for five weeks.Â Because we all do the same workout, Iâ€™m able to compete with my friends in Nanaimo, BC and juggernauts of real estate: Tim Collins of studentrentalinvesting.com and best selling author, Julie Broad.Â
Funny thing happened, I asked Julie what her score was before I competed and it just so happened that I beat her by 1 :).Â Julie is in town this week as the keynote speaker for the Toronto Investor Forum so we are â€œthrowing downâ€ this Friday to compete together, in person.
Hereâ€™s the workout we both completed last Friday in case youâ€™re interested:
Complete as many rounds and reps as possible in 20 minutes of:
25-ft. overhead walking lunge (holding the barbell overhead)
25-ft. overhead walking lunge
8 chest-to-bar pull-ups (a pull up where you touch the bar with your chest)
Men lunge 95 lb.
Women lunge 65 lb.Â
In other news, we had a packed room for the February Mr. Hamilton Inner Circle Meeting and we expect the same for this coming Inner Circle Meeting on
Saturday March 12th so register ASAP and save your seat!!!Â This month we have our super star client Evelyn sharing her story and lessons on how she started as a single woman at the age of 26 to accumulate eight properties in less than five years!!! Sheâ€™s not even 31 yet.Â Learn her investment strategies and target neighbourhoods so youÂ too mayÂ replicate her success.
Also, announcing special guest speaker, our associate at Rock Star, Tim Hong who will be sharing about his investment experiences owning a six unit apartment building next to Gage Park in Hamilton!!Â Tim is even going to compare the apartment investment vs several other real estate investments heâ€™s made to help any and all investors to decide what they should invest in next.
Food is the new steel at Hamiltonâ€™s Lake Ontario ports
Anyone else notice how much national coverage Hamilton is receiving these days?Â This past month there have been three pieces, two by the Globe and one by the Toronto Star we wrote about last week.
â€œAmid a rout in global steel markets, the port that serves Canadaâ€™s steel town has found a new focus: food.â€
For the full article, go here: http://www.theglobeandmail.com/report-on-business/food-is-the-new-steel-at-hamiltons-lake-ontario-ports/article28755887/
â€œHe (Ian Hamilton, VP Hamilton Port Authority) knows grain terminals and large crops will never replace the thousands of steel-industry jobs Hamilton has lost.
But thereâ€™s a new optimism at the port, driven by the construction of a third grain terminal, a new flour mill and the recent arrival of a handful of agri-food companies, including a sugar refinery and two craft breweries.â€
Since 2009, the amount of grain and fertilizer moving through the Port of Hamilton has more than doubled to 1.7 million tonnes in 2015, making up the volume lost to the steel industry, the port says. Agriculture now accounts for about 18 per cent of the portâ€™s volume.
To make room for more tenants, the port is eyeing the 800 acres owned by U.S. Steel Canada. The land would require a major cleanup after more than a century of steel making, but the port is accustomed to making contaminated land suitable for other uses, said Bruce Wood, the portâ€™s chief executive officer.
The steel and manufacturing industry in Hamilton has already bottomed so, hopefully, employment, incomes and investment only rise from here on out.
The tenants of Hamiltonâ€™s port chose Hamilton because of its location and â€œrail access [that] will allow the company to buy and ship farmersâ€™ crops year round.â€
Final thought: kudos to the Hamilton Port Authority for taking action when the steel market shifted downwards and sought alternative tenants.Â We real estate investors must do the same when markets change to keep our properties tenanted.
Thanks for reading and happy Hamilton real estate investing everyone!
Erwin Szeto |Â MrHamilton.ca
Rock Star Real Estate Inc., Brokerage
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!!!