All Forum Posts by: Jack Young

I feel like a lot of it has to do with them taking you seriously if your new to the game. Buying properties is harder these days especially with unauthorized suites. Message me and let me know what your looking for and who you’ve tried. 

Nothing here is rocket science, live on next to nothing and work hard! Save, Save, Save. No consumer debt....ever. You don't need it. Your way of doing things is and will be different from everyone so take the how to's with a grain of salt and use what you think will work. The most important thing you can know is how the numbers work so analyze deals and think about what can make them perform better, call another investor or 3 and ask them about the idea, call a contractor or 3 you've never met and ask them how they would solve the problem, because chances are there's something you havn't thought about. There are deals out there, all over the place, you just need to know what they are and how they work so keep looking. Find your system and never stray from it, just update it as you go along. Network... just do it in free time, No procrastinating! Read/listen to education, a book a week. You don't need stuff so don't buy it. House hack, buy and live in a multi family, work hard and get your feet wet. Ask questions and take notes. Find someone with success story that could be yours, idolize them. Someone who started young and is making things happen like @Scott Trench or Elon Musk and read their book, let it drive you. Don't waste your money and save. Keep a cash cushion because you never know when you might need it for something bad or an amazing deal comes along you want to jump on. find your WHY and use that energy to push you EVERYDAY. Learn to negotiate, chances are you can. Make money and save it. When it comes down to crunch time, you will need you! So most importantly take care of yourself, there will come a time when you need to be performing at your best, sleep, eat well and exercise. The flip, emergency or deal you find in a couple months or years will need your strength and stamina to push through and get it done. One thing at a time, finish what your working on first. Don't EVER give up. CRUSH IT!

Terms and conditions, privacy policy, email consent and cookies. I believe jurisdiction will definitely play a role here as well.

I’m looking for help or some direction on setting up the legalities for my real estate website. Can anyone help with suggestions on this?

@Robin L. That sounds great, let me know when you plan on showing up.

I’m looking for help in the Canadian commercial lending world, I already have a commercial mortgage on a small apartment building and am looking to prepare for a run at a commercial property when I see one I like, but would also like to understand better how I can access the equity in my commercial property as it doesn’t really follow the same rules as a mortgage would in the residential space.

If you have the cash in your account for a few months, maybe 2, they don’t seem to care assuming the numbers work for something they would approve. This is my experience. 

Just throwing it out there, I happen to be in PG... 

Hey guys, I thought I would check back in and see if there were any updates to this thread as time moves on. I just measured out a new unit and wanted to see if there was a new program or update you liked. This unit has electric baseboard heaters and I would like to be able to add in the information about them for easy reference.

@Cameron Riley

I understand not wanting to pay a little for something, but there are a few ways you can think of it,

we spend money all the time for convenience and if you have a program or a system that will quickly allow you to do something and it’s as easy as any of the other things you may normally do out of convenience you would do this too.

The problem I found was what program do I use? My first step was to ensure I tracked everything!! So I use One Note to make a journal for everything. I track miles, to do lists, receipts and more, much more because it allows me to organize easily, takes great scans of receipts and other documents I may need to access quickly including prospective properties I’ve done research on and is accessible on the cloud. Pretty much everything can access Microsoft. Next I use QuickBooks online and had an accountant set it up. Yes it does cost but so does everything else and it’s a one time thing, you can also call QuickBooks and they will help you for as long as you need as well, at least with the program not as accountants but they are very useful. Taxes is far easier and all that tracking we do is much more accurate and you really only need to check the uncategorized items every so often, of which there are not many after you get to use it more.

The point is, it’s easier than it’s ever been but you only get to see that after paying a little and making it part of your habits. Do you do all your own work or hire people out? Do you have a dishwasher or wash by hand? I believe it to be on that same level of convenience.

Hope it helped.