All Forum Posts by: MIchael McCUe

 Do you recommend I do ?

 Thiers a fund call realty income it's publicly traded, the roI states a consistent 13% since 94 from the charts they give, what do you think should I it looks steady and I can sell it tomorrow  seems like no risk with a good return.

 If I fail at buying and renting out property I might use it as a last resort hopefully not tho.

I wanna save up a down-payment, the market I'm in is very expensive so unless I move it's a bit difficult to get my down payment, I feel like a REIT might help me with that, I'm checking out Scott McGillivrays fund mainly.

How about a REIT ?

I'm trying to save for a rental property and I feel like investing in a REET would be a great way to accumulate my down payment but I can't decide between Scott McGillivrays fund and grant cardone, I live in Barrie Ontario tell me what you guys think

Scott McGillivray is aiming for 20% return

Cardone capital is aiming for 10-15% ro

I'm trying to save for a rental property and I feel like investing in a REET would be a great way to accumulate my down payment but I can't decide between Scott McGillivrays fund and grant cardone, I live in Barrie Ontario tell me what you guys think 

Scott McGillivray is aiming for 20% return 

Cardone capital is aiming for 10-15% roi

thank you very much, also should i invest all my money in Cardone Capital meanwhile for intel I find a deal that I can buy

I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.

when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?