February - 2019

REI on Autopilot

Buying Turn Key Properties

Buying Turn Key Properties

I thought I knew everything there was about investing in real estate. I mean, I attended a bunch of seminars, I read a ton of books about investing in real estate. Plus, I have an MBA and a couple of years of work experience, I know what I’m going to be rich. Boy was I wrong. Investing in real estate is a whole different ball game, and it will overwhelm you, it did for me. You are essentially starting a business, and if you’ve never run a business before, where you’re the bos

The Hidden Costs When You Own Real Estate - Part 2

The Hidden Costs When You Own Real Estate - Part 2

"This property is going to cash flow like a cow". I still remember my partner and I thinking that as we were running the numbers on this 22 unit mixed use commercial building in Windsor, ON. At the time, only the commercial unit on the main floor was rented, and the 2nd and 3rd floor, with a total of 21 units, were almost all vacant, except for 3 of them. As a result, the property was being sold at a huge discount due to the fact it wasn't generating much income at all. Plus,

How to Use Your Home Equity

How to Use Your Home Equity

This truly is the secret to making money out of thin air! What do I mean? Well, you know that home you own, the one that just doubled in value over the last 10 years, the one you’ve paid off half your mortgage on, well, the difference between the value of your home, and the amount of your mortgage, is called equity, and you can use that equity, but how? Well, I myself back in 2013 had no idea what home equity was, nor how to use it. I had bought a home, owed about 100K on it,

Find a Wolf

Find a Wolf

I'm reading Jordan Belfort's newest book, "Way of the Wolf". You remember Jordan Belfort? They made a movie about him... The Wolf of Wall Street. Probably my favourite movie by the way. Anyways, in his new book, he goes deep into how to be a better salesperson, sharing his secrets of how you too can follow his Straight Line Method and become better at selling. I've definitely picked up some good ideas, on how to talk to people, to get them to trust you right from the beginnin

The Hidden Costs When You Own Real Estate - Part 1

The Hidden Costs When You Own Real Estate - Part 1

It still boggles my mind how Realtors, real estate investors, soon to be real estate investors, don't include this hidden cost when analyzing a property to invest in. And, if they do include it, it's just a number that doesn't garner the attention it should... Usually using a fixed percentage to determine it. What is this hidden cost? REPAIRS & MAINTENANCE. Now, I'm going to tell you why this is one of the most important costs you need to take into consideration when you're a

Always Run YOUR OWN Numbers

Always Run YOUR OWN Numbers

If there is one thing I've learned over the last 7+ years that I've been a Realtor, it's... Don't trust Realtors'...... Numbers! I'm not saying to NOT trust Realtors... I'm saying NOT to trust trust there numbers, (well, some you can trust) This is because when you are looking to invest in real estate, and your Realtor, or possibly the Realtor whom is marketing a property to sell, provides you numbers on an investment property, many tend to make the numbers look VERY GOOD! He

How to Find Off Market Properties

How to Find Off Market Properties

You always hear about these investors whom somehow find these amazing properties. Those unicorn properties that meet all your criteria on your checklist. And you think to yourself, how come I never find these properties. So, how do THEY do it? Is there some sort of secret, or are they just lucky? Let me tell you in my experience, it’s not luck. And it’s not what you’re thinking. Investors whom find these great deals, these money-making properties, these unicorns, aren’t findi

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