Join Steve Hamoen and Michael Matthew as they explore real estate investment strategies, highlighting the balance between action and planning. They discuss Michael's book and the triple c structure for Canadian investors, touching on tax credits, FAPI, and recent legislative changes. Topics include rent control, development challenges, and the benefits of setting up a C Corp in Wyoming. They cover risks of single LLC property holdings, investing in landlord-friendly states, population growth, and financial planning. The episode debunks the myth of passive income, emphasizing the value of professional management, time management, and leveraging professionals.

(0:00 ) Introduction to the episode, guest, and today's topic
(0:52 ) Michael Matthew's book and real estate investment discussion
(1:07 ) Balancing action with planning in real estate
(2:06 ) Triple c structure for Canadian investors
(5:03 ) Tax credits and foreign income for Canadians
(7:34 ) Foreign accrual property income (FAPI) in tax planning
(10:50 ) Legislative changes and real estate investment
(14:50 ) Principles vs. prescriptive-based legislation
(17:27 ) Rent control study and affordability
(22:16 ) Real estate development challenges
(23:27 ) Contingency planning in real estate investment
(26:12 ) Setting up a C Corp in Wyoming
(29:24 ) Risks of holding properties in a single LLC
(32:13 ) Real estate investment preparation
(33:22 ) Investing in landlord-friendly states
(36:43 ) Population growth and investment opportunities
(37:16 ) Spreadsheets and expense management in financial planning
(41:11 ) Income vs. home cost disparity impact
(46:42 ) Vetting partners in real estate ventures
(49:49 ) Sweat equity partnerships challenges and regulations
(53:11 ) Right structure for raising capital
(55:33 ) Passive income in real estate myth
(56:19 ) Real estate funds for passive income
(57:40 ) Private equity and investment law changes
(59:33 ) Professional property management value
(1:01:46 ) Time management and leveraging professionals
(1:05:31 ) Closing remarks and book promotion