Hi Nik #2 "Stress Free" equals being dead! Cause people who don't "do anything" stress about that and if you ask me, you got bigger problems in life than money if you want a "stress free" life that bad #3 People who get analysis paralysis use that as a crutch. Who i know how to do...

Hi Bruce, Simplest way is to be the money partner with a Joint venture contract on title for mortgage and you protect yourself with caveat on title of rental. you can also do rent to own deals where you only "control" the title and rent and flip the property out. This is a more senior type...

Many people have heard that Real Estate works and makes Millionaires consistently. Most common way people get in is usually by doing rental properties. For me this way is probably the most simple way to build wealth if you're ok with the downsides of "owning rentals" But i find for...

I'd say talk to lender cause LOC will go up to 80% only. so 80% of 130k is 96k approx and with mort of 70k means you only have 26k to access.

Hi Chadler I started with $0.00 bucks but did know the REIN system well and that gave me a leverage over others. It wasn't that I was the "established expert" but i did have skills and knowledge they didn't have. So I sold myself and the REIN system. Became a Gold REIN member within 3...

The real question you want to answer FIRST is "What do I want my investments to provide for me?" then set a time line on when you want those accomplished, do the number crunching on what return you'll need to earn yearly to get there and then find the investment. Otherwise you may be taking...

Depends on what you mean by "Creativity" you need someone doing VTB's, Rent to own financing or what specifically?

In Edmonton they aren't super bad on the suites depending on the inspector really. The city gets sooo many complaints, lack of employees to follow up. It took them 4 months after my deadline to comply. It was a simple solution of fix what they asked for. But really if you have a decent...

Can you give specific examples that you've used these? I find thhe specific examples are more effective to help others in the same predicaments.

Hi Thomas, I 100% agree with your "Don't overestimate your own ability". This applies more to someone who may have a "false sense of self confidence". Such as when the market was going up like crazy in AB and any investment made money some people including myself actually attributed the...

Hi Ron, This really depends on 'how you plan to save money" and then I can refer. Please shed more light or calle me 780-504-7016 John Su

Yes, I'd never let a "BAD TENANT IN AGAIN". 1 bad tenant can cost you a minimum of $6k. So when you feel really desperate to just put someone in and make exceptions DON'T DO IT! I'm pig headed and stubborn and thought I'm SMARTER, but what ended up happening was 3 mistakes that cost me $24k...

I had coffee one day with Geoff and Julie Hoffman. They said that another mentor told them, "AT ALL COST PROTECT YOUR SELF CONFIDENCE". This advice really rings true to me in my life because when things were in the crapper, and my world was falling apart, all I clinged onto was the belief in...

"Freedom to chose tha most people crave" This freedom exist NOW for EVERYONE. Tell me 1 thing you HAVE TO DO. There is NOTHING that you have to do. People just have to be ready to deal with the consequences. So CHASING this FREEDOM is dillusional. When people understand that, then life...

In my opinion, depending on portfolio size, I'd have 2%-3% of purchase price as a reserve fund. Some would say that's too much sitting in bank but sometimes "piece of mind" is priceless. This reserve fund should be healthy enough to carry you through a 5 year hold unless some major stuff goes...

Hi Nik, Congrats! Please also remember to appreciate yourself and do a "resource update" in your mind to acknowledge your accomplishment. Many people sometimes forget to slow down and tell themselves, "I did a really great job and proud of myself" I do this often, no matter how small the...

Hi Brett, I had the same experience, I also became an expert "asset manager" as a result. I think "buying" is the easy part of doing Rentals, the true skill set is "managing" the asset and keeping it profitable to maturity.

Was the Alberta group that bad for "less of them to come" as being one of the best things that happened for you?

Hi Terry, I agree that Fast Tracks presentations have gotten much better. Their marketing specifically has been really effective with the Olympic team sponsoring, myth busting and authority establishing stuff. What really gets me is that he's got some pretty smart staff and it's weird...