Key Takeaways:

- When you make a lot of money at a young age, you may take credit for things that have nothing to do with your skills.

- Going from a know it all to a learn it all made all the difference.

- Don't work hard, work smart, use leverage and have a great lifestyle.

- What is different between purchasing in U.S. vs. Canada.

- It's hard and costly to build a team if you're only buying one or two properties.

- What to look for when choosing your market...It's not what you think.

- Cash flow is great, but it's not going to make you rich; look for appreciation.

- Turn one property into two by switching real estate markets.

- Types of neighbourhoods within each market.

- Do not buy property just because it's cheap.

I have been involved in real estate for over 20 years. I started off investing in the Canadian real estate market but as the economy shifted I realized the returns and opportunities were much better in the United States.

I now tour across Canada giving seminars on how to invest strategically on both sides of the border. I teach other Canadians how to deal with the various hurdles that face us as foreigners in the US real estate market.

Meet Mike Wolf at www.mikewolfmastery.com