"Every Canadian wants to go to the States!" - Erwin Szeto

Hey everyone! Welcome back to another episode of Wealth Busters! Today, we've got Erwin Szeto, a top real estate investor and podcast host, joining us to chat about the ins and outs of the real estate game. We dive into everything from the challenges of being a landlord in Canada to the exciting opportunities waiting in the US market. If you're looking to get the scoop on smart investing, this episode is for you.
Timestamps
- 00:00 - Intro
- 00:00:54 - Introduction to Erwin Szeto
- 00:01:27 - Discussion on joint ventures and Life Select program
- 00:01:43 - Recent property sales and plans for the US market
- 00:02:03 - Family office comparison of cap rates in Sudbury and Dallas
- 00:02:24 - Explanation of cap rate risks
- 00:03:16 - Benefits of investing in Dallas vs. Sudbury
- 00:04:04 - Impact of weather on property maintenance
- 00:04:26 - Rent control differences between Ontario and Texas
- 00:05:08 - Erwin's visit to Dallas and insights on property prices
- 00:06:01 - Rising star in private rights and multi-family investments
- 00:07:06 - Strategy for property turnover and market stability
- 00:08:10 - Investor interest in US properties
- 00:08:48 - Investor trends in Ontario
- 00:09:12 - Personal property sales and future US investments
- 00:10:01 - Decision-making on investment locations
- 00:11:03 - Job creation impact on property investment
- 00:12:09 - Hyundai's investment in Savannah, Georgia
- 00:13:15 - Job market influence on real estate investment
- 00:14:02 - Brain drain and job opportunities in the US
- 00:15:05 - Inflation and rent control issues in Canada
- 00:16:06 - Financing challenges in Canada vs. the US
- 00:18:00 - Limitations of Canadian mortgage financing
- 00:19:06 - Impact of debt service ratio on refinancing
- 00:20:05 - Challenges of entrepreneurship in Canada
- 00:21:15 - Landlord struggles with non-paying tenants
- 00:22:01 - Rent control and property destruction issues
- 00:23:01 - Landlord-friendly laws in the US
- 00:24:00 - Listener encouragement to like and subscribe
- 00:24:45 - Differences in rental laws between Canada and the US
- 00:26:10 - Pre-construction investment challenges
- 00:27:10 - Negative cash flow issues in pre-construction investments
- 00:28:10 - Walkaways from pre-construction deposits
- 00:29:22 - Personal strategies for mortgage and refinancing
- 00:30:42 - New stress test and mortgage limitations in Canada
- 00:32:28 - Affordability issues in North Bay and Cornwall
- 00:33:17 - Comparison of property prices in Dallas
- 00:35:06 - Joint venture partnerships and risks
- 00:36:03 - Negative cash flow ventures and BR strategy
- 00:38:09 - Perspective on rent control and housing crisis
- 00:39:17 - Benefits of the MLI Select program
- 00:40:51 - Negative impact of rent control on the market
- 00:41:51 - Lazy and boring investment strategies in the US
- 00:42:56 - Partnering with asset managers
- 00:44:12 - Passive investment opportunities
- 00:46:01 - Financial benefits of US property investments
- 00:48:21 - Canada’s economic performance in the G7
- 00:50:10 - Impact of high interest rates on investments
- 00:51:03 - Importance of diversifying investments in the US
- 00:52:27 - Following smart money and job growth
- 00:53:05 - Impact of inflation on rental business in Canada
- 00:54:02 - Example of property investment in Atlanta, Georgia
- 00:55:02 - Disrupting the Canadian real estate market
- 00:56:06 - Benefits of working with Share SFR for US investments
- 00:58:17 - Example of a successful investment in Memphis, Tennessee
- 00:59:03 - Large-scale property investment trends
- 01:00:10 - Encouragement to take action and invest smartly
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[@musicbygoldenj]

Canada is on the brink 💥

[@alchemyyusuf4046]

You've got yourself a new subscriber.
I'm a lazy investor with a Toronto property and planning to move to Texas. It's good to learn about investment opportunities in these locations.

[@scotttang6229]

Canadians investing in TX? WTH is going lol.
I love Canada. Tx is so freaking boring! I can see why TX is great for real estate investments.