Aug
1
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
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
Investing, whether index funds or real estate is TIME IN THE MARKET, not timing the market. No one has been able to consistently predict the ups and downs of the market. If someone was able to do that, they’d be paid handsomely for their crystal ball! People often ask me, “when should I invest my […]
Jul
24
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 + […]