But I have no money to invest…

Aug 31

But I have no money to invest…

Gone are the days of no money down or 5% down to invest in real estate.  Canadian banks, having one of the strictest and tightest lending practices in the world, won’t lend you a mortgage for an investment property without a down payment of 20%. With property prices for a detached home in a good […]
Aug 20

Should you rely on your company’s pension plan?

The old adage: “Go to school, get good grades, get a stable job, work until you’re 65 years old, retire in a wheelchair, then rely on your company pension fund, OAS, CPP, to fund your retirement.” While this was a sound plan for our parent’s generation, the baby boomers, this is a disastrous plan that […]
Aug 14

Huh? Invest in Barrie and not Toronto?

As someone who was born and raised in Toronto and have very rarely ventured to the suburbs, I shared the same views as most people from the city, “who wants to live in Barrie anyways”? If you have the same thoughts as me, let me invite you to check out Barrie in person and you’ll […]
Aug 10

∞ Infinite ROI (Return-on-Investment)?

A lot of people find math and percentages to be a very confusing and scary topic. While not everyone needs to be a math expert, basic understanding of ROI (return on investment) is necessary to determine if something is worth investing in. I was recently working out the cost of borrowing to see if borrowing […]
Aug 1

Is your home an investment?

First of all, lets define what an asset and a liability is. One simple way to put it is an asset is something that puts money in your pocket. A liability is something that takes money out of your pocket. You’ll see a lot of blogs such as https://www.greaterfool.ca/ or https://www.millennial-revolution.com/ compare stocks and real […]
Jul 29

Biggest Investor Mistakes -“I can do it myself”

The number 1 mistake that everyone makes when it comes to any medium or large projects is taking on too much responsibility. I’m no stranger to this mistake, I am a perfectionist who has the “I-can-do-this-faster-better-AND-lower-cost-than-xyz” attitude. 5-10% of my rent for some guy to collect the rent and take some calls? 1hr of “work” […]
Jul 24

How to Cashflow Over $1,000 in 2019

Here is a detached home in the north end of Barrie that we closed on in May 2019. By converting it to a legal duplex, you effectively increase your rental income by 50%. Purchase Price: $458,000Downpayment + Closing Costs: $99,675.19Renovations: $40,90680% LTV @ 2.74% 4 year fixed, 30 year amortization Monthly Rental IncomeUpper: $1,675 + […]