The Truth About Financial Independence for Canadians

Hosted by Erwin Szeto

Business

Website RSS feed

Episodes

413

Latest episode

Jun 2026

Language

About the show

Are you a Canadian real estate investor looking for real Canadian Content? You've found it! Since 2016, this weekly show has helped Canadians cut through the BS and uncover the truth about how to most effectively invest in real estate. Ranked as high as #81 globally in iTunes' Business category, host Erwin Szeto is a real estate investor and 4X Investor Realtor of the Year, with just under $500M in income property transactions. Erwin interviews top investors and wealth builders, sharing strategies that worked and didn't work. This is your blueprint for long-term wealth through real estate.

Listen to episodes

60 recent

June 11, 20261 hr 11 min

From Factory Worker to $300K Realtor | Milena Simsic

Milena Simsic made $300,000 in commissions in her first year as a realtor, without any prior real estate connections, using nothing but TikTok and Instagram. She had no social media presence before she got her license. She figured it out in public. Milena is the founder of WindSocial Realty in Windsor, Ontario, and the publisher of the Windsor Real Estate Insider, a newsletter and magazine that grew to 9,000 subscribers in under a year. She also runs Windsor REI Social, a 3,000-member community that fills events with 100 to 200 investors. She is currently switching brokerages from EXP to Real and building a community for realtors who want to learn AI-powered marketing. In this conversation, we cover: Why Windsor's single-family homes have held value while student rentals and investment properties have softened What the Gordy Howe Bridge delay and the EV plant mean for Windsor's growth trajectory How Milena made $300K her first year as a realtor off TikTok and Instagram alone Why she replaced her virtual assistant with Claude AI and built her CRM systems in an afternoon How the top agents implementing AI are going to absorb market share from those who are not Why she left EXP for Real, and what Real is getting right that most online brokerages are not The health crisis that doubled her business once she fixed it Why business owners are particularly vulnerable to loneliness and what she did about it How Windsor REI Social went from monthly to biannual events and why that made it bigger Milena's arc is the arc TAFI was rebranded to celebrate: a factory worker and ICU nurse who saw where the highest-leverage play was, went all in, and built a media brand and a business that works without grinding 60 hours a week. CONNECT WITH MILENA SIMSIC Windsor Real Estate Insider: https://www.windsorrealestateinsider.comInstagram / LinkedIn / Facebook / YouTube: search 'Milena Simsic' Chapters00:00: Introduction and Cold Open 01:20: Milena's background: factory worker, nursing, COVID, Windsor 03:00: Breaking news: brokerage switch from EXP to Real 04:00: Windsor Real Estate Insider magazine, 9,000 subscribers 05:30: Windsor market conditions: what is holding and what is not 07:00: The Gordy Howe Bridge delay 08:30: EV plant, population growth, downtown development 09:30: What investors are doing in Windsor right now 13:00: $300K first year off TikTok and Instagram 17:00: Building Windsor REI Social to 3,000 members 22:00: AI adoption gap: top agents vs. everyone else 28:00: Replacing a virtual assistant with Claude 31:00: How many hours per week to run the business 33:30: Teaching other realtors AI-powered marketing 38:00: The Windsor pageant: why she entered, first runner up 41:00: The autoimmune condition, the health pivot, business doubling 45:00: Salsa dancing as the one thing that started everything 48:00: Business owner loneliness and why dance helps 51:00: EXP vs. Real: why the switch and what Real is doing differently 58:00: AI tools, Fiverr comparison, what Claude does that nobody else can match 01:01:00: Advice for young people: build your skill set, buy a business, zero excuses 01:03:00: Wrap up and where to find Milena

June 5, 20261 hr 17 min

Buying a 25-Year-Old Bookkeeping Firm | Ming Lim & Bryan Ma

In January 2026, Ming Lim and Bryan Ma closed on AccounTrain, a 25-year-old bookkeeping firm based in Ottawa with clients across Canada. They beat out five other offers. They paid 1.3 times annual revenue. They spent almost two years searching for the right deal. Ming is the managing partner of Volition Properties, where his team has helped Canadians transact on more than $300 million of Toronto investment real estate. Bryan spent 20 years in Canadian financial services. He's a CPA, a CFA, and holds an MBA. He worked at three of the biggest professional services firms in the country and most recently at Intact Insurance in mergers and acquisitions. In this conversation, we cover: Why these two real estate operators are buying a business instead of more rentals How they sourced AccounTrain through Poe Group and a buy-side community called Village Wealth The difference between bookkeeping and full accounting firms, and why the simpler business won How multiples in this industry actually work (1.2 to 2.5 times revenue depending on quality) Why vendor take-back mortgages are standard in business sales, even though they're rare in Canadian real estate The seller's 25 years of institutional knowledge that was kept entirely in one person's head How Bryan and Ming approached due diligence with Bryan's M&A background as the advantage The lifestyle case for a business over a rental portfolio What they're modernizing now that they own it (CRM, workflow management, AI tools) Practical advice for small business owners with messy books This episode is part of TAFI's coverage of the great wealth transfer from retiring boomers to the next generation of Canadian operators. If you're an active real estate investor looking at what's next, this is the playbook.📩Connect with Ming and Bryan AccounTrain: https://accountrain.com/ (Their bookkeeping firm) Volition Properties: https://www.volitionprop.com/ (Ming's real estate brokerage) Reach them through LinkedIn or via the AccounTrain website 📌 Free training on the investment loan strategy: Saturday, June 27th (Oakville hybrid):https://wealthhacker.krtra.com/t/x5X1OCIDrAXc and Tuesday, July 7th (Zoom only): https://wealthhacker.krtra.com/t/n98gpqD3cVoQ Walking through the math, the loss scenarios, and how it fits alongside a real estate portfolio. 📌 Timestamps00:00 – Welcome & Tesla update01:30 – Investment club math ($35K → $140K)07:12 – Introducing Ming Lim & Bryan Ma09:30 – Why buy a business when you already own real estate 13:00 – How Ming and Bryan met and decided to partner up 17:00 – Two years of searching, joining Village Wealth 21:00 – Bookkeeping vs full accounting, why the simpler business won 26:00 – Deals closing in 24 to 48 hours, the competitive reality 31:00 – Multiples in the industry, 1.2 to 2.5 times revenue 41:00 – Vendor take-back mortgages, standard in business sales 46:00 – Maintaining the seller relationship after closing 52:00 – AI in the accounting industry, where it is and isn't useful 63:00 – Cash flow management as the real value of bookkeeping 67:00 – Toronto market check-in, May 2026 72:00 – Final thoughts on buying a business

May 28, 20261 hr 18 min

20 Years in Canadian Finance, Now He Only Buys $70K Cleveland Duplexes | Carlos Rodrigues

Carlos Rodrigues spent 20 years in Canadian financial services. Mutual funds, life insurance both levels, and a full mortgage broker with five agents under him. He tried to start his own fund. Canadian compliance costs killed it. Now he drives 4.5 hours each way from Hamilton to Cleveland, Ohio to buy duplexes for $70,000 that appraise at $170,000 after renovation. In this episode, we get into: The $70,000 duplex near the Cleveland Clinic with a toilet falling through the floor How Section 8 rentals pay 20 to 30% above market, with one tenant paying $14 of her $1,400 rent Why 100% loan-to-cost financing is back, and why this isn't 2008 The joint venture partner who added $30,000 to $40,000 in renovation scope while Carlos was at Home Depot The contractor who ghosted him a week before closing How ICE enforcement is hitting the US construction labor pool Cleveland's side yard program: buy a vacant lot next to your house for $100 Why Carlos won't invest in Hamilton anymore, even though he lives there Plus my own update: my Hamilton duplex tenant has been non-paying for 7 months, $12,000 deep, and we're still waiting on the LTB. This is the world we're operating in. Want the investment loan strategy that produced a 40.6% return since September 2025? I'm hosting a free training on Saturday May 30 (Oakville hybrid) and Tuesday June 2 (Zoom only). Walking through the complete strategy, the math, every loss scenario, and how it fits alongside a real estate portfolio. Register at: ⁠https://wealthhacker.krtra.com/t/uqyHFbipnPrK⁠Connect with Carlos: Website: cashflowcarlos.com, Instagram & TikTok: @cashflowcarlos Connect with Erwin: Podcast: tafipod.ca Free Wealth Freedom Blueprint: infinitywealth.ca/freereport Book a Wealth Planning Call: linked at ⁠www.infinitywealth.ca⁠

May 25, 20261 hr 25 min

He Talks to AI While Walking the Dog | Greg Kowalczyk

In this episode, Erwin sits down with Greg—an engineer turned real estate investor and e-commerce entrepreneur who scaled his business to $700K/month and is now leveraging AI to build apps, automate workflows, and save tens of thousands of dollars.From buying his first property with no experience to renovating duplexes across Ontario, Greg shares the real ups and downs of real estate investing—along with how he expanded into e-commerce and built multiple income streams.But the biggest shift? AI.Greg breaks down how he’s using tools like ChatGPT, Claude, and Gemini to:Build apps without codingReplace $50K–$70K development costsCreate product images without expensive photoshootsAutomate business processes and marketingTo follow Greg: https://www.gregkowalczyk.com/ https://www.bronteharbourclassic.com/ (Discount code: Erwin) This episode is packed with insights for anyone looking to stay ahead in real estate, business, and the AI revolution.

May 18, 20261 hr 19 min

Rebuilding Wealth After Divorce: Sarah Coupland on Ontario Multifamily, Distressed Properties, and Creative Financing

What would you do if you had to sell your entire real estate portfolio… and start over?In this episode, we sit down with investor Sarah Copeland, who went from managing over 60 doors to liquidating everything—and now rebuilding from scratch in today’s market.She shares the real, behind-the-scenes story of navigating divorce, selling cash-flowing properties, and resetting her entire strategy. We break down how she transformed a distressed 12-plex into a high-performing asset, the lessons from a $1M+ renovation, and why she’s shifting back to joint ventures and simpler deals.This is a raw and honest conversation about what actually happens in real estate investing—when things don’t go as planned.If you're an investor trying to make sense of today’s market or wondering how to move forward in uncertain times, this episode will give you clarity, perspective, and practical takeaways.📩 Want to connect with Sarah?website: SarahCopeland.ca / tagproperties.caor, email: sarah@sarahcoupland.caAlso, don't miss the 🔥 Free Live Training: The $100,000 Zero‑Down Strategy. I’m walking through the full math, risks, and real use cases live.📍 Saturday, May 30 (Hybrid – Oakville + Zoom)📍 Tuesday, June 2 (Zoom Only – 8pm ET)👉 Register here:⁠ https://wealthhacker.krtra.com/t/uqyHFbipnPrK⁠🎧 Subscribe to The Truth About Financial Independence for Canadians (TAFI)🌐 https://tafipod.ca

May 8, 202622 min

Welcome to the Truth About Financial Independence

Passive real estate investing in Canada has changed — and for many investors, the math no longer works.In this episode, Erwin Szeto explains why he’s been telling investors to diversify out of Ontario real estate since 2023 and what he’s personally doing instead to build wealth without turning investing into a second job.You’ll learn:Why passive real estate in Ontario is effectively goneHow rent control, LTB delays, and rising costs changed the landscapeWhy U.S. real estate, business ownership, and leveraged investing matterThe real‑estate‑style leverage strategy applied to the stock marketThis episode marks the evolution of the show into The Truth About Financial Independence for Canadians (TAFI) — focused on multiple paths to wealth, time freedom, and peace of mind.Also, don't miss the 🔥 Free Live Training: The $100,000 Zero‑Down Strategy. I’m walking through the full math, risks, and real use cases live.📍 Saturday, May 30 (Hybrid – Oakville + Zoom)📍 Tuesday, June 2 (Zoom Only – 8pm ET)👉 Register here: https://wealthhacker.krtra.com/t/uqyHFbipnPrK🎧 Subscribe to The Truth About Financial Independence for Canadians (TAFI)🌐 https://tafipod.ca

April 29, 202615 min

The Zero-Down Wealth Strategy: How Canadians Use Leverage to Beat Inflation

Real estate investors are feeling the squeeze—rising inflation, capital trapped in property, and nonstop landlord headaches.In this episode, Erwin breaks down the Zero-Down Wealth Strategy, a leveraged investing approach designed to help high‑income Canadians build long‑term wealth without buying more real estate.You’ll learn why investing $433/month can be equivalent to deploying $100,000, how leverage works outside of property, and who this strategy is (and isn’t) for.🎓 Free Training (Limited Seats):• Saturday, May 30 (Hybrid – In Person + Online) • Tuesday, June 2 (Webinar Only)👉 Link to register: https://wealthhacker.krtra.com/t/uqyHFbipnPrK

April 27, 202627 min

Ontario HST Rebate SURGE, Alberta CRACKS & $600K FSRA Fine | Canadian Real Estate 2026

In this episode of The Truth About Real Estate Investing, we unpack three stories that look disconnected in the headlines — but together reveal where Canadian real estate is really headed in 2026.Ontario’s HST rebate triggered a surge in new‑build sales, but the benefit for investors is far narrower than most realize — and the investor cutoff has already passed. In Alberta, especially Calgary, inventory is rising, rents are softening, and out‑of‑town investors are starting to walk away, despite the province’s long‑term fundamentals remaining intact.We also dig into a recent FSRA enforcement ruling that exposed major failures in private and syndicated mortgage lending — and share hard lessons about why due diligence on people matters just as much as due diligence on properties.This episode is about cutting through hype, spreadsheets, and sales pitches — and focusing on cash flow, landlord‑friendly rules, and real risk. If you’re investing (or thinking about investing) in Canada or looking beyond it, this conversation will challenge popular narratives and sharpen your decision‑making.Facts over headlines. Data over hype.

April 20, 20261 hr 18 min

Ontario Landlord Horror Story: 7 Months No Rent vs Alberta's 30-Day Eviction

Why do Ontario landlords wait 7+ months for an eviction while Alberta wraps it up in 30 days? Erwin sits down with Mackenzie Wilson of SingleKey — Canada's largest tenant screening service — to expose the massive risk gap between provinces. Inside: a live AI reference-check demo, the $60K rent guarantee product, why 76% of landlords never get reference calls, Calgary's rezoning reversal, and why turnkey beats development in 2026. A must-listen for every Canadian real estate investor.

April 9, 202613 min

Canada Is Losing Jobs and Population. Here Is Where I Am Investing Instead

In this episode, we break down Canada’s rare population decline, rising unemployment, weakening income growth, and what these trends mean for housing prices, rents, and investment strategy. We also explore how inflation, interest rates, global conflicts, and political shifts are shaping capital flows—and why many investors are starting to look beyond Canada to places with stronger population and income growth.If you’re a Canadian real estate investor wondering where the market is heading next, this episode helps you skate to where the puck is going—not where it’s been.