All Forum Posts by: Micheal Smoke

Hey Shaun,

I appreciate that, man—it really means a lot! I’m just taking it one step at a time, learning as I go, and trying to set things up the right way from the start. And don’t sell yourself short—getting started as a bird dog is a smart move. It puts you in a position to learn the market, build connections, and spot deals before most people even know they exist. That’s a huge advantage.

Totally agree on property management being a make-or-break factor. I’m still refining my approach there, but having the right team in place is one of the biggest keys to scaling sustainably.

Definitely looking forward to staying in touch and exchanging ideas as we both grow in this space. Let’s keep the conversation going—I’m sure we can learn a lot from each other!

Cheers,
Mike

Hi Shaun,

Thanks so much for your kind words—it means a lot to hear that! I’m definitely working hard to create a solid foundation for both my family and my investments, and it’s encouraging to connect with like-minded people who are exploring real estate as well.

You’re absolutely right about Section 8 housing, the stability of cash flow is definitely a big draw for me, especially with the U.S. market being more accessible in terms of affordability compared to Canada. Navigating property management in the U.S. has been a bit of a learning curve as I am looking to build a good team. Trustworthy property managers can make or break a portfolio, and I’ve found that vetting them carefully—checking their reviews, local reputation, and how they handle tenant retention—is crucial. That’s something I’m still fine-tuning as I explore new areas.

As for scaling up, my focus right now is on leveraging tax-efficient strategies and building a system of limited liability companies (LLCs) to keep risk compartmentalized. I’m also looking into self-settled spendthrift trusts to add an extra layer of protection, especially as my portfolio grows. One lesson I’ve learned so far is that patience and thorough due diligence always pay off, whether it’s with property acquisitions or selecting the right team to work with.

I’d love to hear more about your journey and what areas of real estate you’re looking to focus on. Maybe we can exchange insights and strategies to help each other navigate the challenges of getting started.

Looking forward to staying connected!

Cheers,
Mike

Appreciate that sir.
We have an INC for the Canadian side of things. 
We were considering a LC, Or ULC or even a partnership for the pass-through.
Beyond that is somthing i will have to def learn more of. 
I appreciate your comment. 

Markets I am looking into.
Akron, OH
Baton Rouge, LA
Macon, GA
St. Louis, MO

Hi, my name is Mike Smoke, and I'm an aspiring real estate investor focusing on multifamily and Section 8 properties in the U.S. as the barrier to entry is much much lower in terms of price compared to Canada and Funding options. I'm passionate about creating secure, long-term housing solutions that balance tenant stability with strong returns. My strategy incorporates asset protection measures like LLCs, specific trusts as well as professional property management to spread risk and ensure quality operations.
As well as using tax codes to my benfiit
Section 179, IRC Section 162, Cost Segregation and Bonus Depreciation and later 1031 them out for larger projects. 

I’m drawn to real estate not just for financial freedom but to build a legacy for my family while contributing positively to communities. I’m new to the space but eager to learn from experienced professionals, expand my network, and find opportunities to collaborate.