Thank you for the reply. For clarity, my statement was directed towards a general principal of progress. I do uphold that balance is critical. The intent of my comment is that I do not look at success as a destination ("I have arrived"... I am where I am), as the term is far to subjective. If...

What was the greatest nugget you unearthed in the course? For us newbies, do you feel completing the course will move you closer to making that first revenue purchase? (where has most of the confidence been built, regarding the process). I would recommend the course to anyone seriously...

I concur 100%. Each and everyone of us has a story, some a little more fairytale like then others. For instance, I am have not seen my parents since the age of 6, and that growing through the social system had its challenges...all that does is tell you that furnace was a little warm at the...

John hi, Thanks for your feedback, I agree. By Planning the work (Doing the REIN course)...then Working the Plan (invest with all the fundamentals in place)...should bring about success. Regards,

Thanks Rob. Does this mean if one has a house worth 400,000... they can secure a HELOC for 320,000 (80% max) without any CMHC backing, and use the available cash to do further investing? Regards,

Thanks for the insights. I am going to check with the city and see exactly what the requirements and expectations are. Regards,

Well done...you folks have done a great job in facilitating community...so 100,000 thanks for a job well done. Regards,

Has anyone heard about changes to HELOC's as of March and April this year? Just speaking with a lender from a trust company and they said that due to new legislations that are to take effect April 18th, that HELOC's will no longer be CHMC backed...does anyone have further insight to this...

The business vision is to have 24 doors within 5 years: Starting with very little in the way of capital...how does this look? Purchase one positive cash flow property (using the REIN principles) in the first year, the second year we would purchase 2, giving us a total of 3 properties by...

Again encouraged...the straight forward direction and advice is worth its weight in gold. I look forward to giving back to this community as much, if not more (if that is even possible) then what I have been given in the short time I have participated. I have learned and benefited...

Great wisdom Joey, delivered in a timely fashion...this will be heeded. So much, and so little time. But what a blast it is learning the ropes. Settling and focusing on the critical points is what I will do. Finish the home study course (ACRE) by February's end and have it done again...

No beating around the bush: Rather then going bankrupt one files for a consumer proposal. The proposal is honored and the 5 year lending/Credit punishment sentence has been served. Once the lending machines have finished with the shunning, and the leash is ready to be extended (the credit...

Adam I appreciate you asking. The main purpose is to gain a working knowledge of the mechanisms that drive investing...as fluid as they may be. Understanding that by equipping myself with as many tools as possible (enough to be effective, not so many as to weigh me down though), for example...

This is perfect...there is not enough time in a day to do all one wants to do... Regards, Dave.

This is the approach (heloc) I am planning to use to get our investment business started. From there I hope to continue educating myself and surrounding myself with good educated people...and take another step towards additional investments. Thanks for responding. Regards,

I am looking for a good economics/investment read...one that will delve into the intricacies of the ratios to consider/compare and why those relationships have been set up. I can make sense of numbers when I see them...but I am really interested in the pulse that gives "deals" life. Any...

Point well taken. Thank you for taking the time to respond. I will add to my study of the numbers, getting a hold of the Landlord tenant act and begin studying that as well. I have a friend who is a landlord and approached him if I could help him in any way possible...and that I am very...

WOW...I have so much to learn, but learn I will. Thank you both for the wise feedback. Decaying city...what a great term (but hope to never reside in one, or own investments in one) Presently, to show constraint (so as to learn wisely), when all I really want to do is jump right in, is...

I agree, this is an excellent suggestion. As a master electrician, and educator in the trades, I have seen a number of well intended concepts be completely dethroned, when the involvement of multiple trades are required (and your query implies, that would be needed)...also recognizing that...

For those savvy investors: If the annual Revenue properties rent equates to 9.8% (that number is not considering the cost of borrowing) of the total purchase cost, is that ratio acceptable? Is there a marker to aim for where the deal goes from making good business sense to no longer worth...