Volition Properties. Talking about real estate investments OUTSIDE TORONTO?? What has this world come to??? I bet you never thought you'd see the day, right?? Here's the reality. We know that Toronto isn't for everyone. While we are contrarians in our belief that Toronto is actually a great place to invest (which we've taught for over a decade now!), we realize that different investors have different goals, aspirations, goals, and capabilities. *** Enter: Erwin Szeto (…My next guest requires no introduction…) 😂 Just kidding!! Many of you will already know Erwin as a titan in the Real Estate Investment and Wealth Building space; but for those who don't, Erwin has been a bedrock and a beacon of light for investors across Canada. We love Erwin because his ethos mirrors that of our own at Volition… a heavy focus on education, coaching, mentorship, and leveling up everyone around us. You might know Erwin from Mr. Hamilton, or Rockstar Real Estate, or iWin, or the Wealth Hacker Conferences attended by thousands, headlined by Grant Cardone and Jesse Itzler, or from his podcast "The Truth About Real Estate Investing… for Canadians" that is currently ranked as #81 in the WORLD for Business, or as a four-time Award Winning Investor Realtor, or when he won the Michael Millenaar Real Estate Leadership Award twice, etc, etc, etc… (I'm sure I've missed over half of his accolades). OR maybe you're a client of his wife Cherry Chan's accounting firm (a real estate investor focussed accountant, by the way…!), and together they have a registered charity, the "Hamilton Basket Brigade", that provides warm winter wear to poor school children. Speaking of Erwin's podcast "The Truth About Real Estate Investing…for Canadians"... Volition's own Ming Lim & Matthew Lee were guests on it not too long ago! Come and watch this episode of "Investing in Multi-Family Downtown Toronto"! Point is… this is not a Meetup you're going to want to miss. Erwin will be coming to grace us with his presence and will be doing a deep dive into real estate investment business models that are (like Volition's) risk mitigated, headache mitigated (he calls it “return on grief"), consistent, resilient, and scalable. And the kicker is… they are located outside Toronto, so they will be at a much more AFFORDABLE price point, which makes it a more ACCESSIBLE alternative to Toronto for the everyday investor. *** More specifically, he'll be discussing areas such as: - Who is this investment strategy right for? - Where / which markets? Is it just Hamilton… or elsewhere too? - What is the investment business model? - How much are the properties?- - How much capital / mortgage qualification is required? - Expectations on ROI and cashflow? - What is this whole Bill-23 thing everyone is talking about? - How this model is similar in ideology and strategy to Volition's OWN investment business model here in Toronto?

1. @volitionproperties
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Duplexes & Triplexes…
OUTSIDE Toronto??? 🤔🤔🤔
May 17, 2023

2. @volitionproperties
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Agenda
And yes, the Meetup will be recorded and posted on our website!
www.volitionprop.com/mastermind-meetup/
6:30 - 7:15 pm Intros and Chris and Wilson’s Rental Updates
7:15 - 8:00 pm The Main Event! Our guest speaker Erwin Szeto
8:00 - 8:20 pm Networking Break
8:20 - 9:00 pm Erwin continued and Q&A
9:00 - 10:00 pm Wrap Up and Networking

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Housekeeping Items
● Support local! Order food and drinks as we’d love to return here 🍺
● Washrooms: Down the stairs to the left
● Cell phones: Put on silent mode and step out if you need to take a call
● Recordings: This presentation is being recorded and slides will be
available.
● Make sure you’re on our e-mail list to get the recording!
E-mail info@volitionprop.com or use the QR code

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Legal Disclaimer
Volition Properties and its members, officers, directors, owners, employees, agents, representatives, suppliers and service providers, provides this presentation for informational purposes only.
This presentation and the information, materials, services, and other content available (“Content”) are subject to the following terms and by participating today you agree to these terms.
● The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained
on within the presentation constitutes a solicitation, recommendation, endorsement, or offer by Volition Properties or any third party service provider on a property, for investment
or otherwise.
● All Content is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing within the presentation constitutes professional
and/or financial advice, nor does any information within the presentation constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.
You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content before making any decisions based on such
information or other Content.
● In exchange for participation at this event, you agree not to hold Volition Properties, its affiliates or any third party service provider liable for any possible claim for damages arising
from any decision you make based on information or other Content made available to you.
● There are risks associated with investing in real estate involving risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains &
losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods.
● Past investment performance is not a guarantee or predictor of future investment performance.
OUR EXCLUSIVE REMEDY FOR DISSATISFACTION WITH THE CONTENT OF THE PRESENTATION IS TO STOP YOUR PARTICIPATION. VOLITION PROPERTIES AND ALL ASSOCIATED
MEMBERS ARE NOT LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, CONSEQUENTIAL, SPECIAL OR PUNITIVE DAMAGES, UNDER ANY THEORY OF LIABILITY, INCLUDING
WITHOUT LIMITATION, DAMAGES FOR LOSS OF PROFITS, USE, DATA, OR LOSS OF OTHER INTANGIBLES. IN PARTICULAR, AND WITHOUT LIMITATION, VOLITION PROPERTIES
WILL NOT BE LIABLE FOR DAMAGES OF ANY KIND RESULTING FROM YOUR USE OF OR INABILITY TO USE THE CONTENT OF THIS PRESENTATION

5. @volitionproperties
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Common Myths about Toronto:
"Investment Properties don't work in Toronto"
"Cashflow doesn't exist in Toronto"
"Investing in Toronto means that you are buying a condo"
"Toronto is too risky"
“Toronto is too expensive"

6. @volitionproperties
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Common Myths about Toronto:
"Investment Properties don't work in Toronto"
"Cashflow doesn't exist in Toronto"
"Investing in Toronto means that you are buying a condo"
"Toronto is too risky"
“Toronto is too expensive"

7. @volitionproperties
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Volition – The Toronto Mythbusters
Investor Focussed Realtors
Award Winning – Year after Year
Toronto Experts
Everyone at Volition is an Investor

8. @volitionproperties
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Frequently featured as EXPERT REALTORS on HGTV

9. @volitionproperties
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Volition Services
Mentorship,
Education &
Consultation
Toronto’s Leading Real Estate Investment Advisory & Realty Firm
Realty Community
Advisory Renovations
Property
Acquisition &
Sale
Design &
Renovations
Inner Circle &
Ongoing
Support

10. @volitionproperties
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The Volition Team
Toronto’s Leading Real Estate Investment Advisory & Realty Firm
Matthew Lee
Founder &
Managing Partner
Ming Lim
Head of Realty
Florence Lee
Head of Operations and
Construction Advisory
Alykhan Jinnah
Transaction Coordinator
Chris Law
Realty & Leasing Services
Alcina Sung
Interior Design
Wilson Ching
Realty & Leasing Services
Sally Xu
Administrative Assistant
JC Robas
Transaction Coordinator

11. @volitionproperties
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The Volition Advantage
The Volition Team!

12. @volitionproperties
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Exclusive Volition Inner Circle Whatsapp Group

13. @volitionproperties
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Rental Market Updates
Chris and Wilson

14. @volitionproperties
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YoY Changes in Rental Prices
One
Bedroom-Avg
Lease Price
Q1 2022 (W02) $2,092.00 13.01%
Q1 2023 (W02) $2,405.00
One
Bedroom-Avg
Lease Price
Q1 2022 (E01) $2,157.00 17.86%
Q1 2023 (E01) $2,626.00

15. @volitionproperties
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YoY Changes in Condo Rental Prices- 1 Bdr
Avg 2 bdr increased
9.2% since Q1 2022
to $3,162.

16. @volitionproperties
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Leasing Market Update: Recent Examples
Property 2 bed, 2 bath condo 1 bed, 1 bath in fourplex 3 bed, 2 bath condo
Area Yonge & Finch Upper Beaches Regent Park
DOM 4 14 14
Total showings 46 12 23
Offers submitted 6 3 6
Previous lease $2,400 in Aug 2021 N/A - newly renovated N/A - newly completed
Leased at $3,100 in May 2023
(+29%)
$2220 (all utilities paid by
tenant; $150/month
approx)
$3,850

17. @volitionproperties
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The Volition Way…

18. @volitionproperties
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Why is Volition talking about outside Toronto??

19. @volitionproperties
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“Best” Investment in Toronto
Triplex: $1.5M
Rents: $7500
Upper: $3200
Main: $2600
Basement: $1700
Expenses: $1100
Mortgage (6%): $6700
Cashflow: ~Neutral

20. @volitionproperties
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What’s the “BEST” investment? Max Cashflow??

21. @volitionproperties
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Risk Mitigation is built into Volition’s DNA
Is it the right T.I.M.E. to invest?
T – Tenant Risk
I – Investment Model Risk
M – Market Risk
E – Estate Risk

22. @volitionproperties
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UPDATE THIS
Headache-Adjusted ROI
-Time & Energy
-Effort & Focus
“The less I work, the more money I make”
–Matthew Lee
Risk-Adjusted ROI
-Understand Relationship Between Risk & Reward
-Cap Rates
“You don’t get something for nothing”
–Matthew Lee
As a REI, I am looking for MAXIMUM ROI, right…?

23. @volitionproperties
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Year 4 Year 8 Year 12
THE VOLITION MULTIPLIER EFFECT
5% growth
3% rent
3% expenses
Year 0 Free & Clear
Year 18
50% LTV
Value: $1.5M
Mortgage: $1.2M
Downpayment: $300k
Rent: $7500
Expenses: $1100
Mortgage: $6400
Cashflow: $0
Value: $1.8M Value: $2.2M Value: $2.7M Value: $3.6M Value: $3.6M
Mortgage: $0M
Rent: $13,000
Expenses: $1900
Mortgage: $0
Cashflow: $11,100
x4
Value: $14.4M
Mortgage: $0M
Rent: $52,000
Expenses: $7600
Mortgage: $0
Cashflow: $544,400

24. @volitionproperties
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But… Here’s the reality…

25. @volitionproperties
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But tonight isn’t about us…! (that said, if you
can’t get enough of us…)

26. @volitionproperties
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The Main Event:
Duplexes & Triplexes… OUTSIDE
Toronto??? 🤔🤔🤔
(ft. Special Guest Erwin Szeto)

27. @volitionproperties
www.volitionprop.com
Please welcome: Erwin Szeto!
Erwin is the founder of the iWIN (Infinity Wealth Investment
Network) and the iWIN Real Estate. He leads a team of veteran
real estate coaches, who teach investors from the Toronto area
to invest for cash flow. The iWIN Team was awarded Real
Estate Agent of the Year to Investors four years in a row, Top 40
Under 40, and Real Estate Investment Community Leadership
Award.
He also has a Top 100 Investment Podcast (per iTunes) and is
President of the Hamilton Basket Brigade, a registered charity
that has hand-delivered over 2,000 holiday dinners (to date) to
less fortunate families at Easter, Thanksgiving, and Christmas
since 2014.

28. The Truth Real Estate Investing:
Get Rich Slow, All But
Guaranteed;
Boring, Continuous
Improvements Win: Small
Multis & Students

29. My Name is Erwin
► Aka “Mr Cherry Chan”
► Loving Husband & Overprotective Dad
► Fear Heights & Public Speaking
► #81 Business Podcast in the World

30. My Mentors: Tom & Nick Karadza
2010 Resigned from IBM
to Full Time Investment
Specialist Realtor/Investor

31. Clients Transactions:
$420,000,000+
350+ Investor Clients
(HouseHold Heroes)
45+ Self Made REI
Millionaire Clients
Me
Big Dork

32. 4X Realtor of the Year to Investors

33. Giving Back to
the Community
Registered Charity, since 2016 :
the Hamilton Basket Brigade

34. Whole Life
Insurance
Apartment
Buildings Stocks, Gold &
Bitcoin
R.E. Developments
How Cherry and I Invest
8 Figure R.E.I. Portfolio

35. Book Erwin for a 30
min Consultation:
Happy to discuss
Active & Passive
Investments or
Anything Real Estate

36. Where is the Opportunity?
Where are the risks?!?!?

37. Inflation is
going no
where but up

38. US Bank Failures

40. What we lose to AB

41. Inflation is
here
FOREVER:
CAD M2
Supply

42. ChatGPT, Is a R.E.
A Good Hedge
Against Inflation?

43. It’s Tough To Have
a Recession or
Decline in RE
Prices When
There’s a Labour
Shortage

44. Imagine If
Your Parents
Gifted You A
House.
Mortgage
Free…
This Photo by Unknown Author is licensed under CC BY-NC-ND

45. Owners $1.2M or 6.3X
Richer Than Renters
What If You Own
Multiple Properties?

46. Opportunities Outside
Toronto, GTA.
Capitalizing on Bill 23
via Small Multis

47. Bill 23, More Homes Built Faster Act, 2022
• Bill 23 allows immediate amendments to municipal
Official Plans and Zoning By-Laws. Bill 23 no longer
requires public meetings for Plans of Subdivision and
prevents third party Ontario Land Tribunal (OLT)
appeals on Consent and Minor Variance applications.
• Basically remove a lot of red tape, development
charges, limits NIMBY’s from obstructing progress

48. Deals In The East: Kingston, ON

50. The Numbers
Purchase Price = $731,500
Rents, If Students: 5 Bedroom x
$900/room = $4,500
• Not Bad eh?
• Did I mention the Garage?
~ $2,000,000+
to buy?

53. The Numbers
Purchase Price = $731,500
Rents:
● Student rental house is 5 Bedroom x $900/room = $4,500
● Garden Suite (Renovation ~$120,000)
○ $2,200 (950 sqft - 2 bedroom)
○ $200 (1 Car Garage)
● Rent / Price = $82,800 / 851,500 = 9.7%

55. Unicorn Alert: Kingston, ON

56. Guess How Much This House Cost

57. Guess How Much This House Cost

58. Guess How Much This House Cost

59. Kingston Triplex Conversion Unicorn
• Guesses? Any Queens University Grads in the house?
• 3 Bedroom, 1 Bathroom/ 1,064 sq ft
• 86ft x 175ft Lot backing onto a walking trails
• Walkout & Large windows in Basement, 200 AMP Panel
• Purpose Built Detached Garage 1,100 sq ft, w/ 100 AMP Panel, Existing Bathroom, AND a
500 sq ft basement for mechanical room
• Designer/Planner approved for Garage Suite
• Pro Tip: get the green light from a designer/planner before buying/firming up
• Purchase Price $640,000 (Estate Sale, Asking $650,000, 70+ DOM)

60. Renovation Plan
● Main Floor: Budget $30,000-50,000, Rent $2,200/mth +Utilities
● Basement Conversion: Budget $110,000 Rent $1,800/mth + Utilities
● All in for $800,000. $4,000 Rent plus Utilities.
● Refinance
● Garage Suite conversion: Budget $110,000, Rent $2,200/mth +Utilities

62. For Small Multis, Student Rentals; Trenton to Kingston
Book a Consultation w/ Coach Steve
Steve@InfinityWealth.ca

63. iWIN MasterMind Tours.
Only 2 more till
we break for Summer

64. MasterMind Tours. Capped at 30.
Cost: $20 Plus fees
9AM: Meet for
Coffee Tour 2 Income Properties MasterMind Lunch

65. Networking break!
See you in 20 mins!

66. Hamilton, Ontario

68. Hamilton Triplex
Conversion

69. Hamilton Triplex Conversion
• Nicest Income Property We Ever Bought  Thank You Downturn
• Fully renovated in 2017
• Failed to sell $989,000 late 2022
• Re-Listed $899,900. Sellers already moved. Paid $825,000
• Our Clients nailed the bottom of the market
• Converted Basement & Garage To Two Bedroom Apartments
• Rents $86,400 +Utilities / Price $1,065,000 = 8.1
• No additional parking needed

70. iWIN Master Mind Tour: June 24th

71. Turnkey
Student
Rentals

73. Student Rentals:
Rent
Renovations

74. 26-32% ROI,
5% Appr, 25%
Down

75. We Changed
The
Landscape
at Brock U!!

76. For Small Multis,
Student Rentals;
GTA West to
Niagara Falls
Book a
Consultation w/
Coach Chris “The
Captain” Hook
Chris@Infinitywealth.ca

77. Kitchener Duplex + Garage

78. Coach Tim Hong
• Kitchener, Waterloo,
Cambridge
• Listing Specialist Most
of GTA (Anything
Volition Doesn’t Cover)

80. Summary
• Ming, Matthew, Volition and I are very much aligned in Strategy
• Our tenants are just not as rich 
• Economic Fundamentals still point to owning quality income
properties in Ontario
• Bill 23 & Densification Allows Investors to force higher rents, increase
property values, create housing
• You need a team of experts. We are happy work w/ anyone who
prefers to hire award winning professional services and share our
resources including Power Team.

81. MasterMind Tours. Capped at 30.
Cost: $20 Plus fees
9AM: Meet for
Coffee Tour 2 Income Properties MasterMind Lunch

82. West of GTA: Coach Chris East of GTA: Coach Steve
Erwin

83. @volitionproperties
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Take MASSIVE Action…

84. @volitionproperties
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How Volition Can Help. As Advisors.
FREE 30-min
Advisory session
with Matt
Come prepared with:
Capital available to invest
Mortgage qualification
Current real estate portfolio details
We will help you determine:
Where you are at
Where you want to go
Customized plan to get there

85. @volitionproperties
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Home Buyer & Home Sellers
are 50% of our business! We
can ensure that your home
makes good financial sense.
Pre-Analyzed Deals for Investors looking
for the BEST investment properties in
Toronto!
How Volition Can Help. As Agents.

86. @volitionproperties
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Your Next Step… Take MASSIVE ACTION
SCAN TO BOOK A FREE 30-MIN CONSULT WITH VOLITION!

87. @volitionproperties
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Next Month: Street Smart Tour
Date: Wednesday, June 21 (but could be a Saturday!)
Location: TBD
RSVP: www.meetup.com/Volition
LARGEST REAL ESTATE MEETUP IN TORONTO WITH OVER 4000+ MEMBERS!

88. @volitionproperties
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End