Podcast appearances and mentions of cherry chan

Cherry Chan, CPA, CA, is not only an experienced real estate tax professional but also a seasoned real estate investor, author, blogger and a sought-after public speaker with a passion for helping individuals and businesses navigate the complex world of real estate taxation. With a wealth of knowledge and expertise, Cherry specializes in providing tailored tax strategies to maximize savings and minimize liabilities for clients in the real estate industry. On this episode, we discuss:  Closing on her investment property in Texas  Investing in properties in the United States Pros & cons, background work, and corporate structure she used to purchase that foreign investment You can reach out to Cherry Chan by visiting https://realestatetaxtips.ca/ Download a free report: “Multi-Unit Renovation Operations Order - A Guide to Starting a Renovation” Subscribe and review today! Instagram Youtube Spotify Apple Podcasts

On to this week's guest! Award-Winning Real Estate Investor, Coach, Speaker, Educator & Proud Entrepreneur, my old friend Elizabeth Kelly who tells it like it is.  Elizabeth shares about her wins and losses in real estate.  She's been an active leader in the community for nearly 20 years and is here to tell us about how we Canadian real estate investors can be resilient, what she sees for our collective futures in real estate and she's hosting the 3rd annual Real Estate Resilience Business Edition of the summit on September 28-29th.   Myself and SHARE are proud sponsors of the summit. I will be joining an expert panel on USA investing with friend of the show Glen Sutherland.  My wife, the lovely Cherry Chan will be a speaker as well and I'm super excited for the other speakers as well. On today's show Elizabeth shares her personal journey from mega real estate investor to entrepreneurship adjacent to real estate, the challenges of affordability for investing in local markets even after learning the hard way when back in 2010, she bought 100+ units and struggled with systems and operations. Any and all investors should give this episode a listen to learn how to both win in real estate and to avoid losing which IMHO is another way of winning. For more information on the Real Estate Resilience summit go to: https://realestateresilience.ca/   Please enjoy the show.  

Dr. Kevin Mailo introduces Cherry Chan, a renowned author and expert in real estate taxation, who discusses the implications of the 2024 federal budget alongside Dr. Wing Lim. They delve into how the budget targets the wealthy but inadvertently affects the middle class, particularly through the increase in capital gains inclusion rates. Their discussion explores how the changes penalize not just the ultra-rich but also ordinary Canadians who have invested in properties or stocks for long-term financial security.Cherry Chan and Dr. Wing Lim dissect the budget's effects on both unincorporated individuals and incorporated professionals. They explain how the changes disproportionately affect those who have incorporated their businesses to benefit from lower tax rates, as now, even the first dollar of capital gain within a corporation is subject to the elevated inclusion rate. This shift undermines the previous tax advantages of incorporation, significantly impacting investment strategies and financial planning for professionals like themselves. Cherry's insights help unpack the changes being instituted and how to approach them.–About Cherry Chan, CPA:As a real estate tax expert, Cherry provides specialized advice to a wide spectrum of clients in the real estate sector, from investors to agents, ensuring tailored solutions for their unique needs. Concurrently, at OTUS Group, she contributes to revolutionizing financial management for non-profits and associations, offering strategic oversight akin to a CFO's role. Cherry's dual involvement reflects a deep commitment to delivering expert financial guidance across diverse sectors.Cherry Chan on LinkedIn__Interested in going further in your financial journey? Join our national conference and meet the PhE team live in Toronto this May 25 and 26th: https://www.physempowerment.ca/live __Physician Empowerment: Register for the Physician Empowerment Live Conference in Toronto on May 25 - 26, 2024Join the Physician Empowerment Masterclass now

On to this week's show! Today we have my Mortgage Broker Scott Dillingham from Windsor Ontario who as far as I know is the only investor specialist who can help Canadians with mortgages in both Canada and the USA. Scott while he was the #1 mortgage broker at one of Canada's biggest banks got my clients and I many mortgages at cheap rates and I'm now selling one of them. Scott has since opened his own mortgage brokerage called Lendcity, he shares how American debt service coverage ratio mortgages work when buying income properties in the USA. Scott is a real estate investor himself and shares some of his own challenges as a Windsor landlord and how/where he plans to buy his next investment property and why. For long-time investors, you'll remember the days around ten years ago when we used to negotiate seller credits to bring down our downpayments, thus improving our ROI. Well roll back the calendar as seller credits are more of a norm in the US, even more so with builders in this slow market with historically high interest rates. Scott of course will be our mortgage expert, guest speaker at our next US Investment Workshop on the morning of Saturday April 13th at our office in Oakville broadcast live over Zoom.  I thought the last one would be our last as it's not easy, nor cheap to have as much talent in the room that we do. We have everyone's favourite real estate Accountant, my wife Cherry Chan, the CEO, CIO and CFO of Share: Andrew Kim, Dmitri Bourchtein, Carmen Da Silva respectively to explain how to be a USA landlord without all the work but keep all the equity. Link is in the show notes: simply choose between in person or virtual. https://USAworkshop.eventbrite.ca. Cost is only $30 plus tax and eventbrite fees. You can also reach Scott and team at iwin@lendcity.ca, an a custom email address made specially for you, my 17 listeners.   Please enjoy the show!

Our guest should need no introduction, it's my lovely wife the Real Estate Accountant Cherry Chan!   Cherry Chan is here to share about the convoluted changes by our Federal government who seem to know more about what real estate we own, they keep coming out with half baked ideas only to delay, delay, make us all jump through hoops, make busy work. It's really complicated stuff but Cherry is a talented messenger who can explain what the Trudeau, Liberal government is doing.   We also chat about our lessons from the downturn in the real estate market, how we are refocusing on at least cash neutral properties hence the decision to diversify to the landlord friendly states of the USA.  I'm hoping Cherry and I can take a trip to the south: Georgia and Tennessee in May after tax season. Romance and cash flow. Two of my favourite things in life.  I hope you all had a wonderful Valentine's Day and find more cash flow in your lives because never forget, cash flow is what affords you freedom.  US dollars are also worth more than Canadian dollars.   Please enjoy the show!

On today's show, our guest is a full fledged CPA who specializes in Tax and real estate investors To connect with Cherry, visit realestatetaxtips.ca -------------- Host" Victor Menasce

On today's episode, Darren welcomes Cherry Chan to the podcast! Cherry is a CPA and probably the most recognized real estate investing accountant in Canada and Darren and Cherry chat about how real estate investors can avoid paying unnecessary taxes when doing business. Tune in to this one, you don't wanna miss it! Show notes: 00:00 - Introduction to Cherry Chan 6:20 -  What taxes do you need to be aware of as a real estate investor 15:55 - Should you incorporate for tax purposes? 21:35 - New flipping rules 28:35 - PREC (Personal Real Estate Corporation) vs. small business 32:50 - How difficult is it to invest in USA 38:00 - Tax implications for Airbnbs 42:55 - Common tax questions TAKE CONTROL OF YOUR MONEY NOW: https://www.controlandcompound.com/contact-us FIND US ON: INSTAGRAM: https://www.instagram.com/controlandcompound/ TIKTOK: https://www.tiktok.com/@controlandcompound?lang=en FACEBOOK: https://www.facebook.com/controlandcompound FIND CHERRY CHAN ON: INSTAGRAM: https://www.instagram.com/realestatetaxtips/?hl=en YOUTUBE: https://www.youtube.com/@RealEstateTaxTips WEBSITE: https://realestatetaxtips.ca/

On to the show! I had no idea how many new tax rules we investors have to deal with this year, the Underused Housing Tax is especially concerning as I've spoken to many pros out there who don't understand it either.  What's worse is the penalty is $5-10k for not filling and a lot of us investors have to complete and submit the Underused Housing forms even though we are an excluded owner thus having no liability. We still have to file the forms though. I'm not an Accountant though but I did invite my lovely wife, Cherry Chan, CPA, CA who happens to be the most in demand Real Estate Accountant speaker to share some of the top tax changes we investors face for 2023. Cherry does break down these same tax tips on her YouTube Channel Real Estate Tax Tips so make sure to subscribe to her channel along with the 10,000 other subscribers. https://www.youtube.com/@RealEstateTaxTips In case you're curious, yes Cherry is still accepting new clients but not sure for how much longer. admin@cccpa.ca is the email address for your inquiries. Please enjoy the show!

In E204, Cherry Chan discusses her experience hosting the second Wealth Hacker conference with her husband, Erwin Szeto, and keynote speaker, Jesse Itzler. Cherry also spoke about her real estate portfolio, her entrepreneurial activities and businesses, and perhaps, most significantly for this episode, she discussed what's new in accounting for real estate investors. Cherry went over common questions such as "should I form a holding company for my real estate" and "what are the implications to investing in the US as a Canadian". This episode is jammed with gold nuggets for real estate investors so tune in and take notes! Disclaimer: This episode, as with every episode of this podcast, should NOT be considered as advise. Investment advise is NEVER given on this show. Always consult a competent investment advisor before making an investment decision. Sponsors: Control and Compound Financial https://www.controlandcompound.com/andrewhines Investing in the US Mastermind: https://investingintheus.com Jacob Campagnaro Realtor Team : http://www.andrew-hines.com/jacob Events and Other: GTA West REI Meetup: https://www.facebook.com/groups/gtawestrei REI Hot Seat: https://www.youtube.com/channel/UC_PNT8rykU0hJIBirAXAUHQ Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Connect with Cherry Chan at Linktree : https://linktr.ee/realestatetaxtips Connect with Andrew Hines on instagram: https://www.instagram.com/theandrewhines facebook: https://www.facebook.com/theandrewhines Andrew Hines Audio · E204 Accounting Tips and Tricks for Real Estate Investors with Cherry Chan Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

Cherry Chan, Real Estate Accountant will be sharing how to retire faster with corporate structures so you can pay less tax and invest more. Cherry and her Accounting partners have been consolidating lessons from their experience working with 500+ real estate investor clients.  Since no one hides anything from their Accountant, they know the truth about real estate investing returns, losses, and most importantly the path forward. Cherry's on the show today to share about the burning questions she's getting from clients these days:  Tax implications of short term rentals & AirBNBs, especially when selling Where clients lost $$ by not understanding the risks Setting up businesses and corporations to invest in the US Please enjoy the show!   To follow Cherry: Phone: (416) 548-4228 Email: admin@cccpa.ca Web: https://realestatetaxtips.ca/ YouTube: https://www.youtube.com/c/RealEstateTaxTips  

It's difficult to navigate the tax structures best suited for Canadians investing in U.S. property. On this episode of the Your Life! Your Terms! Show we sit down with Cherry Chan of RealEstateTaxTips.ca to get her perspective. Many Canadians set up with the incorrect corporate structures and end up paying more tax than perhaps required. We also chat about her life in Hong Kong compared to Canada. Enjoy the show!

#027.  Today's guest is Cherry Chan.  Cherry talks about her journey as an entrepreneur and how she helps everyday, hardworking Canadians like you and me achieve financial freedom.We talk about when and how we can pay our kids an income, while also having it deductible for us parents for tax purposes.  This is a win/win situation where kids win because they can earn money to use as a tool to spend, save, invest and give.  And we as parents win because we can deduct it for tax purposes, so it saves us money.  It doesn't apply to everyone and it can get a little technical, but Cherry does a great job breaking down the rules we need to follow to ensure we stay onside with the tax authorities.We talk about how Cherry involves her kids in her business to teach them about money and we also get into an advanced income tax splitting strategy that could allow income in the hands of the kids to be tax free, up to $35,000 per child.  Lastly, we talk about the upcoming Wealth Hacker Conference in Toronto that Cherry and her husband are holding this November 12th to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.  Show notes and more at:https://moneydadpodcast.com/session027

FREE report 7 Simple Steps to Becoming Your Own Banker –  http://7steps.ca/    Wealth Without Bay Street EPISODE 131: Featuring on today's episode is Cherry Chan. Cherry is an entrepreneur, author, blogger, and mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. She started her real estate investment journey over 10 years ago by buying one student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing”. She can be reached via her website at RealEstateTaxTips.ca   IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 3:06 Cherry's Golden Nuggets of Wisdom 5:41 Everyone Has a Different Criteria 8:47 Dealing With Multiple Joint Ventures 11:52 Financial Pressure of Losing a Loved One 15:47 Estate Planning 19:58 Life Insurance as Collateral 24:30 Taxes and Property  28:42 Liability Aspects 33:57 Cherry's Blogging Journey 39:48 Who Would Cherry Want To Be a Hero To    Get Connected With Cherry: Instagram: https://www.instagram.com/realestatetaxtips/ Facebook: https://www.facebook.com/RealEstateTaxTips YouTube:https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA  

FREE report 7 Simple Steps to Becoming Your Own Banker -  http://7steps.ca/    Wealth Without Bay Street EPISODE 131: Featuring on today's episode is Cherry Chan. Cherry is an entrepreneur, author, blogger, and mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. She started her real estate investment journey over 10 years ago by buying one student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing". She can be reached via her website at RealEstateTaxTips.ca   IN THIS EPISODE, YOU WILL LEARN:  0:00 Introduction 3:06 Cherry's Golden Nuggets of Wisdom 5:41 Everyone Has a Different Criteria 8:47 Dealing With Multiple Joint Ventures 11:52 Financial Pressure of Losing a Loved One 15:47 Estate Planning 19:58 Life Insurance as Collateral 24:30 Taxes and Property  28:42 Liability Aspects 33:57 Cherry's Blogging Journey 39:48 Who Would Cherry Want To Be a Hero To    Get Connected With Cherry: Instagram: https://www.instagram.com/realestatetaxtips/ Facebook: https://www.facebook.com/RealEstateTaxTips YouTube:https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA  

#012.  Today's guest is Erwin Szeto.  Erwin and I talk about early childhood lessons about money his dad taught him, how his personal investment in real estate got started and why he decided to concentrate his efforts on helping investors building their portfolios.  We get into how he gets his kids involved as a real estate investor and what motivated him to use real estate as a way to fund his children's future post-secondary education needs.  We talk about how he gets his kids involved in the charity that he started with his wife Cherry Chan, called the Hamilton Basket Brigade and how helping out with the charity teach his kids about the importance of giving.  We get into what Erwin's superpower is and how he uses it to help those in need.  We dive into his motivation to starting the Stock Hacker Academy that teaches everyday people to build wealth through trading stock options and something that young adults or even your teenagers can get started with.  And lastly, we talk about his upcoming Wealth Hacker Conference in Toronto that he and his wife are holding on November 12 of this year to share strategies on building and protecting wealth and income and best practices around achieving financial freedom.  Show notes and more at:https://moneydadpodcast.com/session012

Is your business profitable and set up to succeed long-term? Or are you dreading the day that taxes are due? In this episode of the Richest Real Estate Agent Podcast, Cherry Chan shares her expertise on the industry as a former agent and now real estate tax expert. She shares insights on how to set up your business to be profitable and how to take care of your taxes on auto-pilot. Cherry is an entrepreneur, an author, a blogger, a mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. Cherry started her real estate investment journey over 10 years ago. She started by buying one student rental in her own name then became two more in the same year. Now she co-owns multiple properties with her husband. Cherry graduated with the Honour Roll on the Chartered Accountant Uniform Final Exam, top 10 in Ontario and top 50 in all of Canada. She was named “Top 50 Women in Accounting” globally in 2018. She has worked with hundreds of Real Estate Investors and has met over a thousand of them. Cherry is in high demand as a public speaker for her tax knowledge. Through her blog, she has been inspiring others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book called “Complete Taxation Guide to Canadian Real Estate Investing". She can be reached via her website at RealEstateTaxTips.ca Connect with Carson here: Website: www.realestatetaxtips.ca Instagram: www.instagram.com/realestatetaxtips/ Facebook: https://www.facebook.com/RealEstateTaxTips Youtube: https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA  Are you ready to scale your real estate business so you can finally have the freedom you want? Learn how to make your real estate business work for you: https://realestaterebootcamp.com Connect with Ben Instagram: https://www.instagram.com/benoosterveld Facebook Group: https://www.facebook.com/groups/agentfromwithin Website: https://www.benoosterveld.com If you enjoyed this episode please share and review! It really helps us out. You can listen to more episodes at https://www.benoosterveld.com/podcast or wherever you find your podcasts.

REALTORS®, sharpen your pencils. Real estate accounting specialist Cherry Chan joined TRREB's Jason Mercer in this episode of Ready to Real Estate to share tax tips, including deductions you might miss, whether or not to establish your own Personal Real Estate Corporation (PREC), and special considerations to take around your true home office: your car. Disclaimer: TRREB does not provide tax or financial advice. Consult an accountant and/or lawyer when applying any financial advice heard in this episode to your own business.

Cherry is an accountant, entrepreneur, author and so much more! Her accounting practice specializes in helping Real Estate Investors reach their investment goals. On this episode, we discuss:   What is a joint venture statement and when would it be used What should joint venture partners be aware of from a tax perspective Can you write off a car under a hold co (real estate ownership) Buying/selling stock options under a corp Options trading - income vs capital gains     You can reach out to Cherry by visiting https://realestatetaxtips.ca/ __ Subscribe and review today! https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w https://open.spotify.com/show/75VUdhbkGSz5eG8jZuee98 https://podcasts.apple.com/ca/podcast/well-off-podcast/id1393401261 http://welloff.ca/ https://www.instagram.com/welloffx/

Is Incorporation Really Necessary? Receive GTA Off-Market Deals & Passive Small to Mid-Size Apartments Deals Across Canada Right Now! Click Here to Sign Up absolutely FREE: https://pages.watsonestates.ca/ Cherry is an entrepreneur, an author, a blogger, and a mom of two young kids. Her accounting practice specializes in helping Real Estate Investors reach their investment goals. Cherry started her real estate investment journey over ten years ago. She started by buying one student rental in her name then bought two more in the same year. Now she co-owns multiple properties with her husband. Cherry graduated on the Honour Roll from the Chartered Accountant Uniform Final Exam, top 10 in Ontario and top 50 in Canada. She was named "Top 50 Women in Accounting" globally in 2018. She has worked with hundreds of Real Estate Investors and has met over a thousand of them. Cherry is in high demand as a public speaker for her tax knowledge. Through her blog, she has inspired others to take charge of their lives, make changes and take action. Cherry is also a Best-Selling Author on Amazon for her book "Complete Taxation Guide to Canadian Real Estate Investing." How to reach Cherry Chan: Website: www.RealEstateTaxTips.ca Facebook = https://www.facebook.com/RealEstateTaxTips Instagram = https://www.instagram.com/realestatetaxtips/ YouTube = https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA Find Us: www.linktr.ee/WatsonEstates This is not advice, just our analysis of the market. If you enjoyed the video, consider subscribing. We always love to hear feedback and comments. Please tell us what you think!

For episode 22, we have the wonderful Cherry Chan on. She is one of the BEST real-estate focused accountants in Ontario!Sit back and enjoy!

Now on to this week’s guest, my wife, Real Estate Accountant Cherry Chan, CPA, CA and we covered a wide range of topics, eg. what investments work based on the tax returns her team is preparing, how to maximize tax savings on mortgage interest on your home, why buying an electric vehicle like a Tesla makes financial sense from a tax standpoint, what’s it’s like being a crazy entrepreneur married to a crazy entrepreneur and so much more. FYI Cherry will be our May iWIN Meeting keynote speaker presenting in detail how to maximize your returns using the Smith Maneuver as requested.  Hope to see you there! To Follow Cherry:  Web: https://realestatetaxtips.ca/ Instagram: https://www.instagram.com/realestatetaxtips/?hl=en YouTube: https://www.youtube.com/channel/UCeF071nDgWkbpm4J65uLbmA

Joining Richard and Jayson today is the power couple, Cherry Chan and Erwin Szeto.    Cherry is an entrepreneur, a best-selling author on Amazon, a blogger, a mom of two young kids and a Chartered Professional Accountant helping real estate agents and real estate investors. Cherry is also in high demand as a public speaker for her tax knowledge.    Erwin is the founder of the iWIN (Infinity Wealth Investment Network) and the iWIN Real Estate.  He has a Top 100 Investment Podcast (per iTunes) and is President of the Hamilton Basket Brigade.   Together, these two help many people become the best versions of themselves while knowing the right way to invest in real estate.   Listen as Cherry and Erwin share their journeys, their Infinite Banking knowledge and how they continuously help people with their charities. IN THIS EPISODE, YOU WILL LEARN: [00:07:41] Advantages Of Communities [00:11:12] Erwin's Real Estate Investing Journey [00:16:02] What Compelled Cherry To Embrace IBC? [00:31:06] Benefits Of Being An Entrepreneur [00:42:16] How Cherry Views IBC

Joining Richard and Jayson today is the power couple, Cherry Chan and Erwin Szeto.  Cherry is an entrepreneur, a best-selling author on Amazon, a blogger, a mom of two young kids and a Chartered Professional Accountant helping real estate agents and real estate investors. Cherry is also in high demand as a public speaker for her tax knowledge.  Erwin is the founder of the iWIN (Infinity Wealth Investment Network) and the iWIN Real Estate.  He has a Top 100 Investment Podcast (per iTunes) and is President of the Hamilton Basket Brigade. Together, these two help many people become the best versions of themselves while knowing the right way to invest in real estate. Listen as Cherry and Erwin share their journeys, their Infinite Banking knowledge and how they continuously help people with their charities.IN THIS EPISODE, YOU WILL LEARN:[00:07:41] Advantages Of Communities[00:11:12] Erwin’s Real Estate Investing Journey[00:16:02] What Compelled Cherry To Embrace IBC?[00:31:06] Benefits Of Being An Entrepreneur[00:42:16] How Cherry Views IBC

In E091, Cherry Chan discusses her real estate portfolio and digs in deep on accounting tips for Canadian Real Estate investors. Should you own in a company or in your personal name? How does one differentiate between passive and active income and it's affect on your tax rate? How should a joint venture partnership be accounted for? Cherry and I discuss these topics and many more! DISCLAIMER Always seek the advice of your own accountant before taking action on any of the information you hear on this episode. with a focus on his Toronto rental properties as well as his Peterborough student rentals. Randall has worked in the hospitality industry and now works as a realtor and claims that his Toronto cash flow helped him make the leap into being an entrepreneur. Listen on Apple Podcast, Spotify, Google, Stitcher and more @ https://linktr.ee/theandrewhines Connect with Cherry Chan:Facebook: https://www.facebook.com/RealEstateTaxTipsinstagram: https://www.instagram.com/realestatetaxtips/Website: https://linktr.ee/realestatetaxtips Connect with Andrew Hines oninstagram: https://www.instagram.com/theandrewhinesfacebook: https://www.facebook.com/theandrewhines Greater Hamilton REI Meetup Group: https://bit.ly/2VSSc9i Andrew Hines Audio · E091 Pro Accounting Tips for Canadian Real Estate Investors with Cherry Chan Music Info, Artist: JPB, Song: High, NCS Release: Feb 1 2015, No Copyright Copyright Free

Cherry Chan is an accountant that started her career in 2003. She joined The Rock Star Real Estate family and specializes in working with real estate investors, developers, property managers, contractors, realtors and small business owners. On this episode, we discuss: Her top cloud based accounting apps for real estate investors (Plooto, Wagepoint, Quickbooks Online, Hubdoc) Corporations and joint ventures Incorporation for realtors, who should do it? Advantage of using corporations for buy and hold vs flipping You can learn more about Cherry by visiting http://realestatetaxtips.ca/ Subscribe and review today! https://www.youtube.com/channel/UCPf_0bbU8wlyX3Frv3kZ30w http://welloff.ca/ https://www.instagram.com/welloffx/

Interest-Free Loans, and $10,000 Forgiveness... Wait! What? The rules and regulations around this Federal Government program have changed, and there are many myths and misconceptions. Do you qualify? What are the terms? What if I don't have any employees? Does this apply to Real Estate investors? This program almost sounds too good to be true; what's the catch? So many questions and recent changes surrounding this program, so I decided to go to one of my most knowledgeable sources when it comes to accounting and tax, Cherry Chan. Enjoy this conversation that Cherry and I had regarding this deep and nuanced topic. You may find yourself coming back to this video often due to all the details provided. Lean into the complexity, roll-up your sleeves, apply, you never know you may qualify. =====

Speaking of Cherry, she is this weeks guest here to share about the latest in Government subsidies, why she got into Stock Hacking when I was already deep into trading, our BHAG, big hairy audacious goal and so much more!

In this episode, you’ll find out what you can expect at the Wealth Hacker Conference put on by Erwin Szeto and his wife Cherry Chan this November 9th, 2019. Erwin also talks about his newfound love for investing in stock options, and how simple it can be – even for the most conservative at heart. **If you want a discount for Tickets to the Wealth Hacker Conference November 9th Use This Promo Code: 911WEALTHNETWORK for your discount – just go to www.WealthHacker.ca Here is a sneak peak at the experts and the secrets they are sharing on November 9th:   Grant Cardone, a New York Times bestselling author, the #1 sales trainer in the world, and an internationally renowned speaker on leadership, real estate investor, entrepreneurship, social media, and finance An entrepreneur sharing how they started a business from zero to the Profit 500, the top 500 fastest growing companies in Canada and they made the list the last three consecutive years: Tom and Nick Karadza An investor who is sharing how he hacks stock option investing, earning six figures per year in only 30 mins/day that helped him buy 30+ properties: Omar Khan A tax hacker, the most in-demand Real Estate Accountant to share the government incentives and secret strategies employed by the rich, Cherry Chan CPA, CA An investor who was able to take three years off work by offering out private mortgages and collecting interest payments: Jay Gabrani An investor who left their high-level government job as the CMHC apartment building underwriter behind to buy 22 million worth of apartment buildings: Pierre-Paul Turgeon An elite business coach, she was selected as the 1st coach to represent Canada with the #1 international coaching organization, where she ranked as the top Business Coach out of 200 coaches all 4 years of her being there, coach MaryAnne Gillespie An investor who has acquired over 100 investment properties sharing how he used other people’s money. He even wrote the best selling book on the subject: JV Jedi Russell Westcott An investor who is the leading expert at the #1 value add strategy in residential real estate, Andy Tran A real estate entrepreneur, who has interviewed over 100 of the best investors in Canada, four-time real estate agent of the year to investors sharing the best practices of getting started as an entrepreneur and investor to become a wealth hacker

Hello Wealth Hackers and welcome to another episode of the truth about real estate investing. Happy birthday to my partner in business and life Cherry Chan!! She’s a Super Woman in how she raises our kids, keeps me and my businesses in order and has her own thriving practice. Quick funny story about Cherry: while she was still working in corporate, we were dating then and she would surf the MLS at work when bored (which was often) looking for investment property but she only owned her own home. After getting to know my business, we discussed investing in a student rental near Brock University in St. Catharines. My credit wasn't great at the time as I was a new agent so the house would be in Cherry's name. I called Cherry while she was at work after I found a house in my target location, next to the only major mall in St. Catharines that doubled as a major public transit hub. I gave some vague details about the property to Cherry over the phone and we wrote the offer. We paid the owner exactly her asking as she was already discussing listing the house with a Realtor, the location and condition was A++ and any investor would want the same house because the annual rent would be over 1% of the after renovation value. Cherry never saw the house till after we took possession and was happy with our purchase. The funny part was it wasn't till year after while reminiscing about how Cherry joint ventured on a property without ever seeing it, with her boyfriend she only knew less than a year but she wasn't concerned. Her contingency was if things didn't work out between us, she technically owned the house

Both Erwin and Cherry bring a lot to the table individually. Together they're truly a real estate power couple. Erwin has a wealth of knowledge in investing right across Ontario (even though he uses the name Mr. Hamilton) and Cherry has both of a ton of real estate investing knowledge and she's an accountant who specializes in real estate. We feel lucky and fortunate that Erwin has been part of the Rock Star team for almost ten years now and that Cherry shares her accounting lessons with Rock Star Inner Circle Members. This Fall (2019) they are hosting their iWin Wealth Hacker Conference and bringing up Grant Cardone as the keynote speaker (you can use the code YLYT to get 10% off tickets) and learn more at: www.WealthHacker.ca

It's tax season! So we have a very special guest for you this month – real estate tax accountant, Cherry Chan! You have tax questions, she has answers. Tune in to hear Cherry discuss what you can and can't write-off, offer tips for tracking your expenses, and talk about different tax brackets and how that can impact your income taxes.

In this episode, Cherry Chan, owner, Cherry Chan Professional Corporation. Cherry is a renowned CPA with extensive real estate investing experience. Cherry reveals some great accounting Tips and Tricks that will help real estate investors mitigate risk, save tax dollars and improve ROI. This show kickstarts with Cherry sharing her background information. You will learn about the difficulties that Cherry and her family faced when they moved from Hong Kong to Canada – and how they bravely overcame them. Cherry also shares how her struggle to meet her father's approval led to low self-esteem. How did Cherry manage to overcome her diffidence to become a driven and confident woman? Cherry has some great accounting Tips and Tricks that will surely help you and your business. What are the benefits of incorporating an S Corp structure? What are the Do's and Dont's that you need to be aware of while claiming deductibles? And, what questions should you ask your CPA to accurately gauge their capabilities? This show is laden with some heartwarming personal details and some excellent business tips. Tune in now!   What You Will Discover In This Episode:       The challenges of overcoming low self-esteem       Benefits of housing your real estate business in an S Corp       How to vet a CPA and figure out he/she is suitable for you and your business       Do's and Dont's while claiming deductibles in your business   Want to know my secret weapon when it comes to mortgages? https://streetwisemortgages.com/ Join our community here: https://www.facebook.com/groups/953421031472329/ Go here for all show notes: https://www.tahani.ca/fire-podcast/

Cherry Chan is an amazing woman. She came to Canada in her teens, graduated high school and hustled over to the University of Waterloo to complete an accounting degree. She then worked in one of the big accounting firms, decided to buy properties sight unseen with her husband Erwin Szeto (boyfriend at the time ... they're now married with two kids!) and ultimately decided to quit her job to "go it alone" with her own accounting practice (www.RealEstateTaxTips.ca). She's written a book, puts out endless blog posts with great content and has a second book on the way. We had a great time chatting with Cherry; here's to living life on your own terms in Canada!

What can I say, as any of you regular listeners know I’m far from normal but you know what I’ve learnt about spending time around successful people?  We’re all sort of crazy. Anyways, Cherry had a glass of wine, a shot of tequila, loosened up and felt like asking me whatever she wanted. If you still trust me afterwards to help you build your wealth through real estate, I’ll be at the next monthly #iWIN meeting on Feb 28th near Pearson Airport.  We have two of the nicest people in Stuart and Denise MacPherson coming all the way from Ottawa to share how to raise money with RSP’s and master of raising capital, Russell Westcott will be in the house answering your toughest questions on the subject. Russell walks the walk too having raised 7 figures just last week and that’s capital, not mortgage money as some people on the social media are including in their definition of other people’s money.  We only bring the best of the best guests speakers to #iWIN and Russell qualifies as the best selling co-author of Real Estate Joint Ventures: The Canadian Investors’ Guide to Raising Money and Getting Deals Done. These are the things you CAN’T learn in a book or podcast . . . These are the things we bring to the table for our Freedom 45 people. My goal for our clients is not to teach them more stuff . . . it’s to make them more wealth. Anyway, if you’ve have an interest in real estate let me know, because I’ve got a killer Freedom by 45 blueprint. Don’t worry if you’re over age 45 or close to 45, our blueprint works for anyone looking to make more money and build wealth, even if you think it’s too late for you, we can help you help your children and grandchildren to building more wealth. Our next Infinity Wealth Investment Network or iWIN for short meeting is here in Toronto on Feb 28th and four weeks later on March 28th. If you’d like to come, you have to act fast as these events sell out. You can register here: iwinmonthly.com/meeting Without further ado, I give you my lovely wife Cherry Chan of www.realestatetaxtips.ca, asking me crazy questions.   Show notes: Cherry on the web To register for iWIN’s monthly meetings Russell Westcott’s best selling book Erwin on the web

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!Show notes:02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years03m10s - How Pierre-Paul started in real estate investing04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome10m30s - travel was and is a big part of Pierre-Paul's life11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family13m40s - Pierre-Paul is an early riser!14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife. 16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards. 18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids. 19m42s - Dealing with regret about leaving a good job with a government pension.21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles) 32m00s - Tony Seba on Clean Disruption of Energy and Transportation  34m00s - Bitcoin and Blockchain technology by Don Tapscott 37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process." 42m21s Pierre-Paul has a brand new free video series, link below:  https://wp.me/p7ZLAq-cx

This interview went way longer than the 45min alloted on the RENTS Spreaker account, so the video call (unedited) is available here: https://wp.me/p7ZLAq-cx.  Enjoy!Show notes:02m05s - Pierre-Paul Turgeon has been publicly education multifamily investors for about 10 years03m10s - How Pierre-Paul started in real estate investing04m00s - started working for the Canadian Mortgage and Housing Corporation (CMHC)05m20 - Pierre-Paul worked for Default Management Real Estate department at CMHC (DMRE), he would liquidate properties when things went bad for investors (he knows what risks to look for!)06m15s - boring job because there wasn't many defaults in multifamily buildings, so he moved to underwriting deals, he's analysed more deals than almost anyone, witnessed investors making lots of money and decided to quit his cushy government job and do it for himself08m30s - Pierre-Paul now owns $23M, about 160 suites ("doors")09m10s - grow up in a mining town (small town, large family), limiting beliefs around money that he needed to overcome10m30s - travel was and is a big part of Pierre-Paul's life11m30s - Pierre-Paul collected a law degree and a teachers degree in between trips overseas, then met his lovely wife of 21 years, they have three children (2 in university), they love to travel together as a family13m40s - Pierre-Paul is an early riser!14m15s - Pierre-Paul carries his gratitude rock everywhere he goes, it's a great tool to overcome fears (more on that later). Lifestyle, travel and family is Pierre-Paul's reason to, his company name is Matterhorn which is a metaphor to life: if you're not climbing/evolving, you're dying. Switzerland is a special place for Pierre-Paul. "you find meaning in everything you want" His company name is a reminder of his love story with his wife. 16m35s - Pierre-Paul's journey from employee to entrepreneur. He saw MILLIONS being refinanced in multifamily, even during the recession! He decided to join the party. It's hard and there is risk, but also large rewards. 18m40s - Multifamily investing and entrepreneurship has allowed Pierre-Paul to enjoy much time with his family and kids, wonderful experiences traveling the globe, taking many ski days and hunting days with his kids. 19m42s - Dealing with regret about leaving a good job with a government pension.21m05s - Single family home investing and why Pierre-Paul left it behind in favour of multifamily buildings. (beter lifestyle)23m30s - Overcoming mental blockage and emotions. If you want to achieve the lifestyle you are dreaming of, GET OVER IT!25m22s - Great book: "The Obstacle is the Way". It's about Stoicism. Other great podcasts and how they can help us guess the future (lessons from the past), how to prepare for the coming revolutions, or a change in the world reserve currency. Musings on the possibility of violence against the rich by the masses...28m15s - Talking politics and pipelines. Also that Mr. Hamilton has a great podcast: http://www.truthaboutrealestateinvesting.ca/  RENTS members will recognize his wife from our newsletters (Cherry Chan featured tax articles) 32m00s - Tony Seba on Clean Disruption of Energy and Transportation  34m00s - Bitcoin and Blockchain technology by Don Tapscott 37m30s -  Rapid fire questions: Pierre-Paul fears NOTHING :) (and how he manages that). Pierre-Paul's advice to his younger self. 40m00s - Mindset, philosophy, the Full Focus Planner, inspirations quotes every day.  "I choose my thought process." 42m21s Pierre-Paul has a brand new free video series, link below:  https://wp.me/p7ZLAq-cx

Cherry Chan is a CPA who specializes in working specifically with real estate investors. In this episode Cherry gives her opinion on whether it’s better to buy in your personal name or company name. Click here for show notes. Andrew la Fleur / Sales Representative 416-371-2333 / andrew@truecondos.com http://www.truecondos.com http://www.twitter.com/andrewlafleur http://www.facebook.com/truecondos

Hello real estate investors!!   Welcome to another episode of the truth about real estate investing show.   Happy New Years to you all! We have many terrific guests lined up for 2018 so make sure to subscribe so you may learn their lessons to ensure you achieve your new years resolutions and I'm sure they include increased financial security and freedom!!   In case anyone is interested, the Real Estate Investment Network is hosting it's annual weekend workshop call the Authentic Canadian Real Estate Systems (or ACRE for short) on March 2nd - 4th near Toronto Pearson Airport at the Pearson Convention Centre.  For my friends and listeners to the show, REIN has provided me a discount code and I tested it just now to save you $300 per guest.  If you've been to other events that are out there, the full retail price of $687 which has never gone up to my recollection, I'm a REIN member so my admission is included in my monthly fee…. but anyways, the full retail price is a fantastic deal already and my discount code of ERWINSGUEST will save you $300. Link: http://info.reincanada.com/toronto-acre-2018   If you want the full ACRE experience, I recommend you plan to attend the informal evening festivities to network with the other attendees.  To me, it's a great time to reconnect with my out of town real estate friends who don't make it to all the events but they make the time for ACRE because it's such a great event.   Anyways, on to my 2017 Year in Review   The Real Estate Market: From January to May, the market rocketed up. It was near impossible to purchase a property in Hamilton as it was a regular occurrence to compete with double digit offers on the same property with limited supply and demand through the roof from Toronto folks and locals.  St. Catharines grew in popularity for us as investors as competition was still fierce but nothing like Hamilton and we were renting at rates close to Hamilton's.  KWC was crazy hot as well and continues to be hot as multiple offers there are a regular occurrence.  After May, and after the Foreign buyer tax becoming effective, the market slowed considerably for Hamilton and St. Catharines, exactly what us investors wanted though we noted less interest from investors in Summer and Fall.  Oddly enough, that is when I purchased two properties, in the summer and fall, both as discounts from the Spring market.  Right now the market feels more balance but prices remain up around 7-8% in our target markets compared to this time last year.   The Rental Market: As a real estate investor we have two real estate markets to monitor: real estate prices as that determines the value of our portfolio and acquisition costs.  Then there is the rental market and 2017 was very good to investors.  From January to May, our investors were obtaining the highest rents we've ever seen in the markets we operate: mainly Kitchener Waterloo Cambridge, Hamilton, Brantford, Hamilton, St. Catharines, Niagara Region.  In the Spring we were consistently seen rents of 1650 plus utilities for renovated three bedroom apartments and 1300+ for basement two bedrooms.  Keep in mind about five-six years ago, we rented entire three bedroom houses for 1300+.  The summer saw reduced demand as kijiji ad views and showings were way down and returned to a moderate level in the Fall.  Myself, I like to review my rental ads and prices every two weeks.  If I need to make an adjustment I will, most often to price or tweaking of the headline or ad copy.  For the property we purchased in the summer, I needed to reduce the rent 3-4 times by $25-50 increments till we found a great tenant.  For the property we closed on December 1st, knowing we were approaching the holidays and winter, the slowest market, I was ultra aggressive by advertising our rent $50 below market value.  Evaluating a $50/month discount vs. being vacant for three months, an opportunity cost of $4,800, I chose the $50 discount and we rented to a customer who attended the first showing.   On the business side, we've grown considerably helping investors transact on over 100 properties in 2017.  We've undergone many changes moving away from the Mr. Hamilton brand to the Halton Real Estate Investment Group as a necessity as we expanded our geographic coverage of top towns for investment in pursuit of cash flow.  Our team has grown considerably as well in order to support the number of clients we support, apparently good news travels fast and when you do a great job helping to coach clients to financial success, they compliment you with referrals of friends and family for which we are forever grateful.  Erika Spencer joined our team in late 2016 and has been a force to reckon with even with the birth of baby Owen in October and was back to work in November.  Koukun Unosawa, Han Wang, Tammy Ditomaso all joined us in 2017 plus Paisley Mackenzie is coming onboard in early 2018 all as Junior Coaches.  To ensure our newest team members received the same or better training I had given, James Tiberius Maggs was promoted to Vice President of Coaching Services with all of our coaches reporting directly to him.   On the Personal side of 2017, improving my health and energy levels took main stage.  After years of pushing myself mentally and physically for years, I was burnt out.  My body was giving up yet I continued to get by on excessive caffeine (coffee) and sheer will power.  I took a couple tests while seeing a new doctor, Dr Callum Cowan, a high performance health specialist who works with pro athletes like NHL'ers, UFC fighters, high level executives, to repair the damage I've inflicted on myself to get to where I am today.  I did a very restrictive cleanse in February and March avoiding my food sensitivities and to take care of a parasitic bacteria I picked up somewhere all the while competing in the Crossfit Open.  I also started going to bed earlier.  As you parents and entrepreneurs know, we can only control what we can control and I've found my mood and energy level is simply better with more sleep.  My kids and family, my clients, my business deserve the best me so I started tracking my sleep with my wearable technology called a Whoop and app to ensure my peak performance.  With all these changes, the quality of my work has improved as my mind is rested and more clear. I'm able to train more often which I love without having to take as many afternoon naps.  The best part is I'm less cranky with my wife and kids so everyone wins with more sleep.   Dr Cowan is one of our guest speakers for the January Halton REI Group meeting on January 13th. His talk is titled "Feel Better, Function Better, Become a Phenom” and if you've seen him present before, don't worry, the doctor has promised updates as the science of health is ever evolving!!   We will also be hosting a guest panel of investors on the subject of raising successful kids featuring Carol Dias, Margaret Plut, Rob Watson, Charles Wah and Mary Clements.  All are successful in their careers and as investors, and they are happy to share the lessons so we can all achieve one of our ultimate goals, parents to successful children.   To Listen: On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 Google Play: http://goo.gl/CAM5Mn On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr   Till next time, Just do it, I believe in you. Erwin Hamilton, St. Catharines, Toronto Real Estate, Land Development Investor   This podcast is brought to you by the Halton Real Estate Investors Group. The goal of the Halton REI is to entice would-be real estate entrepreneurs to get off the couch, make things happen, and replicate the success of our multi-millionaire clients such as podcast guests Charles Wah, Andy Tran, Evelyn, Kaush, Cherry Chan, Michal Wywrot and Tim Collins.  Our track record of coaching highly successful investors is extensive and we share our secrets, tips and tricks at Halton REI meetings.  So if you are interested in travelling the path of least resistance to real estate wealth without ever swinging a hammer than this is the place for you. Go to HaltonREI.ca/signup to register and do so quickly to avoid disappointment as we have waitlisted folks many times and seats are limited.  One of the secrets of success is to surround oneself with successful people and in my ten plus years of attending workshops and networking events, this is one of the best places to be and I hope to see you soon.

Hello Halton, Toronto, Hamilton, Brantford, St. Catharines, Niagara, Welland, Thorold real estate investors!!!   It's December so we're into full swing holiday mode!!!! Christmas lights are clipped into our eavestroughs, our light up Santa got blown over on our front lawn, the usual stuffs! This year we started a new tradition, the Royal Botanical Garden's Santa's Signature Experience.  My wife booked it after reading the raving views on a Facebook mom's group and the experience lived up to the hype.   included is a return trip on The RBG Express (a train ride), hot chocolate and a cookie, storytelling and crafting with Santa's helpers, admission to RBG for the day's activities, and of course your visit with Santa.   Santa's Cabin was just off the hook, it had beautifully decorated fireplace, giant tree, the room in general and the star of the show, Santa!!!!!!!! Santa asked my kids if they knew they had brought Christmas magic with them. My kids had no clue what he was talking about then Santa reached behind my daughters ear and illuminated a light within his glove between his index finger and thumb.  The look of astonishment on my kids faces made me nearly lose my composure. I couldn't have been happier with the experience but my daughter had more for us in store.   A few days later, we asked my daughter what she wanted for Christmas and she said “I want a Lego Cookie Monster to give away at the Basket Brigade.”    Mission accomplished!!!!! Christmas can end now and I'd be happy. Part of our objective with our charity is to teach the kids to be selfless and I believe the best teaching is done by showing, not telling.  My daughter is not even 4 years old and she knows the meaning of Christmas. Proud parent moment!!!!!!!!!!!!!!!!!!!!!!!   Here she is with Anna and Elsa dolls (from the Frozen movie) we bought with our own money to give away on our personal deliveries.   In case you're interested in an opportunity to teach your kids and to give back, we need a few more packers and in need of 25 more delivery drivers.  For packers, we have 85 registered and we are capping at 100 so to avoid disappointment, please register ASAP.     My Favourite Financial Planner     This week we have something different, like we do every week! This week a very special and exciting guest in my favourite financial planner, Kathleen Van De Berg, a Certified Financial Planner Wealth Strategist who actually invests in real estate and maybe the only one I know who includes investing in real estate in strategizing her clients portfolios for significantly great wealth.  Have you heard of permanent cash value insurance?  Before meeting Kathleen, I had not either so stay tuned on why we investors need it and other tips and secrets Kathleen normally only shares with the smart, rich money.     To Listen: On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 Google Play: http://goo.gl/CAM5Mn On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr   Till next time, Just do it, I believe in you. Erwin Hamilton, St. Catharines, Toronto, Land Development, Halton Real Estate Investor   This podcast is brought to you by the Halton Real Estate Investors Group. The goal of the Halton REI is to entice would-be real estate entrepreneurs to get off the couch, make things happen, and replicate the success of our multi-millionaire clients such as podcast guests Charles Wah, Andy Tran, Evelyn, Kaush, Cherry Chan, Michal Wywrot and Tim Collins.  Our track record of coaching highly successful investors is extensive and we share our secrets, tips and tricks at Halton REI meetings.  So if you are interested in travelling the path of least resistance to real estate wealth without ever swinging a hammer than this is the place for you. Go to HaltonREI.ca/signup to register and do so quickly to avoid disappointment as we have waitlisted folks many times and seats are limited.  One of the secrets of success is to surround oneself with successful people and in my ten plus years of attending workshops and networking events, this is one of the best places to be and I hope to see you soon.                                                                                                                                                                                                                   

Hello Halton, Toronto, Hamilton, Brantford, St. Catharines, Niagara, Welland, Thorold real estate investors!!!   This week we close on another investment property, our 2nd this year with plans to buy our third hopefully in December.  Last week was November's REIN meeting and I finally remembered to update and submit my list of properties I had purchased as a REIN member.  Lucky enough, Don Campbell was in town to present live and I awarded my gold pin for 17 properties.  Don and the whole REIN executive and members have been a huge part of my journey and REIN just announced ACRE, the best weekend of real estate training on March 2-3rd, link: http://info.reincanada.com/toronto-acre-2018. The price is a rock bottom $687 plus tax but hopefully I can get you listeners a discount code so hang tight! For those of you've been around, you know $687 is a great return on investment knowing other organizations charge $1,500 for a weekend event and I've invested thousands more for other business events.   Funny story about the REIN meeting, as I was getting ready and heading out the door to drive with my buddy Charles Wah to the REIN meeting, normally, without a second thought I wear dress shoes.  For some reason I wanted to wear my all red Nikes, specifically Kobe Bryant's knowing that Richard Dolan, President of REIN wears equally funky shoes some days.  Later that night, as Richard called me to stage to accept my award, he jokingly accused me of raiding his closet and stealing his shoes :P Unprofessional of me to wear basketball shoes? Maybe but fellow members and Don Campbell were complimenting me on both my shoe game and award so whatever.  I'm not sure there is a lesson there but I was just being me, a big basketball fan and wearing comfortable shoes.   Richard Dolan asked me what my secret was and if anyone can accomplish the same.  Yes, anyone can do this, being a REIN member has helped me, and the secret to success? Anyone who makes investing a priority will succeed.   Economic Update Welcome ladies and gentlemen investors across the greatest country in the world.  My name is Erwin Szeto aka Mr. Hamilton bringing you the Truth About Real Estate Investing show for Canadians where it is my job to bring you experts in the world of investing.  We will learn from their experience, pick out the lessons, tips and tricks, and figure out what makes them tick so you too can replicate their success to enhance your real estate investor's life of health, wealth, friends, family and fun.     This week we have something different, like we do every week! This week we have the economic update presentation I delivered in October to my Halton Real Estate Investors Group.  I did it in one take so it's not quite polished but if you wanted insight into what drives my decision making to continue to acquire investment property while having very little diversity in my portfolio, in my opinion, those with assets will create the most the wealth and if I don't, well that's a scary alternate ending I'm doing everything in my power to avoid.       To Listen: On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 Google Play: http://goo.gl/CAM5Mn On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr Download as an MP3 by right clicking here and choosing “save as”   Till next time, Just do it, I believe in you. Erwin Hamilton, St. Catharines, Toronto Real Estate, Land Development Investor   This podcast is brought to you by the Halton Real Estate Investors Group. The goal of the Halton REI is to entice would-be real estate entrepreneurs to get off the couch, make things happen, and replicate the success of our multi-millionaire clients such as podcast guests Charles Wah, Andy Tran, Evelyn, Kaush, Cherry Chan, Michal Wywrot and Tim Collins.  Our track record of coaching highly successful investors is extensive and we share our secrets, tips and tricks at Halton REI meetings.  So if you are interested in travelling the path of least resistance to real estate wealth without ever swinging a hammer than this is the place for you. Go to HaltonREI.ca/signup to register and do so quickly to avoid disappointment as we have waitlisted folks many times and seats are limited.  One of the secrets of success is to surround oneself with successful people and in my ten plus years of attending workshops and networking events, this is one of the best places to be and I hope to see you soon.

Hello Halton, Toronto, Hamilton, Brantford, St. Catharines, Niagara, Welland, Thorold real estate investors!!!   Who doesn't like live music especially when they put on THE BEST live performance.  My credo is, life is all about experiences and I recommend you catch USS if they're ever playing a gig near you.  The both shows in Hamilton and my friends Mike Gillespie, St Catharines investor extraordinaire; John Roumanis, Hamilton investor of $600,000 in 6 Years fame; and Steve had a great time.     Here is a youtube from one of their lives shows: https://www.youtube.com/watch?v=TT3KZIE27xo   With life being so short and everyone being so busy, I find my social circle continually distills down to just awesome people who are also successful in business which makes for great conversations. So keeping with living your real estate investor's life of health, wealth, family and fun; for those who enjoy having fun along side successful real estate investors, a group of us including: Andy Tran (second suite guy), Charles Wah (land developer guy), James Maggs (10 property guy), Roger Auger (property management guy), Zach Twose (contractor guy), John Roumanis ($600k in 6 years guy), me (Chinese guy); we are planning a social get together of fun and adult beverages at Dave and Busters in Oakville which is basically Chucky Cheese for adults with a liquor license. Since there is no Halton REI Meeting for December, we figured we'd put out an open invite to everyone for an Xmas social. No tickets or passes, just pay your own way.   Welcome ladies and gentlemen investors across the greatest country in the world.  My name is Erwin Szeto aka Mr. Hamilton bringing you the Truth About Real Estate Investing show for Canadians where it is my job to bring you experts in the world of investing.  We will learn from their experience, pick out the lessons, tips and tricks, and figure out what makes them tick so you too can replicate their success to enhance your real estate investor's life of health, wealth, friends, family and fun.     This week we have something different, like we do every week! In last week's episode Ryan Carr and I were stumped on the principle residence capital gains exemption Ryan is entitled to after he recently sold his current principle residence.  This area of real estate tax is not well known and of course I didn't have the answer so I did what any investor would do: walk down the hall to my wife's office and ask her.  It just so happens I'm married to the Cherry Chan of www.realestatetaxtips.ca who this month was published in the CPA Magazine, where she goes on to educate Chartered Professional Accountants on taxation of investment real estate.     Anyways, I walk back to my office, called my wife, clicked record and asked her how to properly maximize one's returns by declaring a rental property as one's principle residence along with some additional difficult follow-on questions.  I hope you all enjoy this as I know how difficult it is to find answers to these very specific questions without paying Accounting fees.  And as always, everyones' situation is different so do please contact your professional Chartered Accountant specializing in real estate investments.   To Listen: On iTunes: https://itunes.apple.com/ca/podcast/truth-about-real-estate-investing…/id1100488294 Google Play: http://goo.gl/CAM5Mn On Stitcher: http://www.stitcher.com/s?fid=87335&refid=stpr Download as an MP3 by right clicking here and choosing “save as”     To reach out to Cherry: website: www.realestatetaxtips.ca  Facebook: https://www.facebook.com/CCCPA/   Till next time, Just do it, I believe in you. Erwin Hamilton, St. Catharines, Toronto Real Estate, Land Development Investor

Here's What You'll Learn:  When and why to incorporate when buying real estate How to incorporate and set up the 3 tier structure The biggest tax traps that real estate investors must avoid What is tax deductible and what is not And much, much more! You can learn more about Cherry Chan and her business at cccpa.ca

Here’s What You’ll Learn:  When and why to incorporate when buying real estate How to incorporate and set up the 3 tier structure The biggest tax traps that real estate investors must avoid What is tax deductible and what is not And much, much more! You can learn more about Cherry Chan and her business at […] The post Episode 36: Top Accounting Tips for Real Estate Investors appeared first on Breakthrough Real Estate Investing Podcast.