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  1. trevismcconaghy

    Where to purchase bulk furnaces and hot water tanks in Edmonton/Grande Prairie/Dawson Creek

    I go against the norm- I bought 4 identical high efficient Keep Rite furnaces last week that were all 2-3 years old, as well as 2 used 60,000 BTU High Efficient furnaces. They were all sourced from a single plumbing company in northern Sask. Cost: $2100. All like new. The deal came from kiiji...
  2. trevismcconaghy

    A Story of Failure....... and potentially Big Reward

    As the moving trucks pulled into the Town of Govan, Sask today, they planned to put their beams under a duplex I had purchased in a joint venture to move to a larger City. As it turns out, the lawyer on the sellers end had not made the property free of encumbrances to move. The property has been...
  3. trevismcconaghy

    The deal that kept growing......

    And as the story continues, the 'rental gem' of Nipawin became listed in early November. I was first to review the deal, and I immediately got it under contract. The gem is an 18 Unit apartment building from about 1984. It has 17- 2 bed units, and 1- 1 bed in excellent condition with excellent...
  4. trevismcconaghy

    The deal that kept growing......

    As I mentioned before, I am just getting started in the Town of Nipawin, SK. In finding lots to place all the homes I had sourced in Nipawin, I became connected with a realtor. The realtor knows that I take action and solve problems...... As such, I took her phone call and ended up closing...
  5. trevismcconaghy

    The deal that kept growing......

    The golden hen laid another egg today. I sold the acreage I talked about. I love when the wins keep appearing. Six weeks ago, I went to the town of Nipawin to find a lot for the 'free' house on the acreage. As it turns out, I discovered a private lot for sale. I took the advice of waiting for...
  6. trevismcconaghy

    Foreclosure

    Certainly there is a creative way to make this property work. It needs to be able to demand a higher rent for some reason. A few ideas are: Rent as a furnished rental, make it dazzle by doing smart upgrades. (feature walls, wall mounted tv's, newer appliances..). Add it to a rental pool like...
  7. trevismcconaghy

    Hitting the mortgage wall

    When I joined REIN in 2012, I heard about 'capping' out on properties. I never realized this was even as issue. I probably had 20 houses back then. When you keep adding one or 2 a month, you learn to play the game differently. Here are a few take- aways: I basically have never dealt with Charter...
  8. trevismcconaghy

    The deal that kept growing......

    It has taken alot of digging, alot of ups and downs, but one of my latest opportunities is like a Madroshka doll- you dig a little deeper and keep getting more. Let's explain.... In 2010, a developer came into my City and put in 10 modular homes. Of those, 7 were sold. The remaining 3 were...
  9. trevismcconaghy

    5th Property at 25 Years Old!

    I think you are quickly discovering the key to expanding your portfolio. In my mind, it is velocity of money. You need to put your money in, get your money out with 'created cash' and move to the next deal. It starts growing like a tree when you start creating down payment money and cash flow...
  10. trevismcconaghy

    100+ Rental Units & Counting!

    I love your story and I am sure it would be a great one to have on a REIN Life panel at an ACRE. I can relate to your ups and downs, complete career change to do real estate and being in Uganda. I love the shoe dog quote. I have one on a sticky note on my computer that reads 'Never, ever give...
  11. trevismcconaghy

    What would you do?

    There are always more opportunities, and the more experiences you have, the more knowledge you will have to sign another deal. You can never lose face because the same people may have another opportunity tomorrow, or next week or next year. If you are the professional, you always need to create...
  12. trevismcconaghy

    Just received 567K from apt bldg refi ... and retired at age 41.

    In reading this post, I would like to share a story as well. It takes perseverance and dedication but great deals do show up. I have been in the trenches of residential for 16 years, and in a big way for about 6 years. Yes, I could write an exciting book of my adventures too. Among the ups and...
  13. trevismcconaghy

    Rein Multifamily silver on the way to gold

    Great to hear Cory! I am targetting a pin in the multi family works as well. If I recall, I think one of your new properties is next to a friend of mine in Saskatoon. I am like you in that I took possession of my first rental home many years ago (16 years ago this month.) Until I got the right...
  14. trevismcconaghy

    Should I Sell or Hold?

    Some thoughts thought that come to mind is to try to extract more rent out of your unit are: 1. Rent is as a furnished rental (you can buy great used furniture online) 2. Use an Airbnb type system to get higher rent 3. Rent out your parking spot separately Just a few thoughts.....
  15. trevismcconaghy

    Buying Opportunities???

    Opportunities still exist everywhere. You just need to become the ' sophisticated investor' as we are so often taught. I agree with the thoughts on picking a very specific area and becoming focused on that area. If you are in Manitoba, maybe this is specific area of Brandon or a smaller city...
  16. trevismcconaghy

    Inspired by Immigrants

    After taking the REIA program in Toronto, I have been doing pro bono coaching to gain experience, and to give back to the community. It is amazing how rewarding this can be on a personal level. I will relate a recent story. Here is a text I received from a man who immigrated to Canada from the...
  17. trevismcconaghy

    Success at ORT

    If you are renting residential real estate, you will inevitably be taken to the Office of Residential Tenancies or take a tenant to the ORT. My advice to fellow investors is to be prepared for that day. I have a strong understanding of the Tenancies Act applicable to where I invest, and as such...
  18. trevismcconaghy

    Choosing a Flooring Type

    I have renovated tons of units, and I agree that the type of flooring used depends on the type of tenant and the type of unit. I have used the Uberhaus (home brand at Rona) of vinyl plank with great success. It works well in basements. I also use it in entryways and kitchens. It is a good...
  19. trevismcconaghy

    June 2016 update of successes

    Being from Saskatchewan myself, it is great to hear others investing in this great province. It is great that through experience and management you are having continued success with your investments. It sounds like once you have the new building in line, you will be able to repeat the...
  20. trevismcconaghy

    New to Real Estate Investing & REIN. Help Appreciated

    The information is so relevant for any guest or new member moving forward. ACRE made an incredible difference in my life (google me and read my story). Even though I am 7 hours from my closest ACRE in Edmonton, I continually go and have attended in every city where REIN puts on ACRE. Beyond the...
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