All Forum Posts by: Joel Arndt

I get my letters printed by a local printer and then hand deliver door-to-door. I also deliver the printer's marketing material along with my letters, so I get a discount on the print jobs. When I earn a bit more room in my budget, I'm debating whether to employ people to deliver the letters privately (along with other marketing material from businesses that I charge for) or just go with canada post. I'm hoping delivering other business's marketing material will allow me to employ other delivery people and make enough to cover all my marketing costs.

Zack, have you watched much of Matt McKeever's stuff on Youtube? He's from London, ON, and does BRRRs all the time. He has a few videos dedicated to BRRRing. Here's one: https://youtu.be/fe-sQlxZocY

Hi Ervy,

I'm just starting out as well. The first step is a little bit of education. 

Have you found Matt McKeever's channel on Youtube yet? 

https://www.youtube.com/channel/UCdRtqnqBSq4GY7DGi...

Also there are a few excellent podcasts that I listen to religiously.

http://breakthroughreipodcast.ca/

http://www.truthaboutrealestateinvesting.ca/

https://sarahlarbi.com/podcast/

Those are all Canadian, by the way.

The next step is: find a market (a city to invest in). It's easiest to start in your own backyard (Ottawa). To be a smart investor, know what the FMV (Fair Market Value) is for each neighbourhood is in your city. Then get into zoning regulations and stuff like that, but that can come with time. You NEED to know the FMV of a neighbourhood you want to invest in, though.

Also, start going to investor meetups in the city. Connect with other investors face-to-face as much as possible.

Also, assemble your power team: *Realtor, *mortgage broker, *lawyer, accountant, contractor, home inspector, insurance broker, mentor.

* = must haves

Honestly, a mentor is a must have too, but if you're not ready to pay for one, a good mentor can be hard to find. Look for someone that you can walk through deals with. Do the hard work for them. Take initiative on each step. You'll F*** up each step, probably, but a good mentor will let you stumble a little, help you back up, and point you in the right direction (especially if it's their deal you're working on).

Hope this is useful.

All the best, Ervy.