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  1. 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...
  2. 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...
  3. 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...
  4. 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...
  5. trevismcconaghy

    A big win thanks to a new sophisticated investment binder......

    If you have been to an ACRE, you will have heard about the sophisticated investment binder. It is basically a compilation of all your financial data- your NOA's, T2's, spreadsheets, lists of properties and so on. I recently updated my binder, and at the stage I am at after all the tax returns...
  6. trevismcconaghy

    Inspire Others....

    I recently attended a provincial Kin Canada conference and heard our past national president speak. Ron Hanishewsky used the 'line' as president: Inspire Others, Impact Many, and Imagine the Future. This is very parallel to what REIN gives to its members. The whole community working together...
  7. trevismcconaghy

    Subject to....

    The best deals can be found by acting quick but with caution. Here are a couple of my latest ongoing adventures with offers...... In the first case, there was a property with a bunch of crazy 'conditions' on making an offer. One of these was that you needed to give a deposit of 10% of your...
  8. trevismcconaghy

    Giving Back

    I have read many books that talk about philanthropy and giving and just wanted to share a few ideas. I have been involved in a number of organizations/ institutions, and as such, I have been instrumental in setting up a few scholarships. In the first case, it was with Melfort Kinsmen. It's...
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