All Forum Posts by: Nathan Hillier

Hi Anastasia,

I would like to agree with both @Salvatore Giancola and @Cassidy Logsdon; Windsor's low purchase price and rent ratios can create an ideal situation for cash flow. I was down there  earlier this year networking and looking at properties, and after hearing lots of bad things from Calgarians about Windsor, I must say it is a beautiful city with great cash flow potential, making it our #1 pick to invest in if we stayed investing in Canada. 

Unfortunately our plans to buy in Windsor changed when we started networking south of the border, and am now buying and selling in Ohio, New Jersey, and Tennessee. So unfortunately I can't give any more feedback on the Canadian markets. But as of right now, Windsor has great potential.

Hoped this helped!

I think this is just going to come down to you, are you ok with having a mentor that will take 50% profit from all your deals?

If anything, weigh your pros and cons: What are you learning from this guy? Is he bringing you valuable contacts that you can personally use later down the road to pursue more deals? Is he helping you set up proper structure and a business plan, or at least a plan of attack to become a well rounded company that can pursue investments while limiting risks? Is he setting up the deals, and bringing in buyers and simply teaching you how to do the same; or will he use you and the deals you set up, while taking 50% profit because you simply call him with a question here and there?

If the guy is doing great things to help further your progress, increase your contact list, and he will eventually make you self reliant in the future to do your own deals, then with all things considered why not? It may be better in the long run than if you didn't have any help or guidance.

That being said, i don't agree with a mentor that want's 50% of your profit, and for the next 10 deals or for 6 months.. I agree with paying for a mentor for lets say couple thousand bucks for 6 months of help, and a cut off deals that he helps bring to you. Weigh out what this guy brings to the table, and if it is really important; if he is setting up the deals, and bringing in buyers while you do some work, but showing you step by step how to do the process, and learning along the way - than i think it might not be a bad idea, depending on how comfortable you are with Real Estate right now. But if he want's 50% of the profit for the deals that he has no influence with, than he should not have the right to say that 50% of that profit is his. Just as you may hear on bigger pockets podcasts, there are lots of people out there who want to make a buck, and lots of people out there who just want to help. if you determine that his guy doesn't have your best interest at heart, and wants to profit from deals he didn't help create, then maybe find another mentor. But if you feel that he brings lots of value, and can help you get on your feet and pursue more deals in the future while bring you deals to pursue right now, than it's not a bad thing, as  i feel everyone should get paid for the efforts they put in.

Hope this helps! Good luck 

Hey Cal, saw your group on Meetup.com last night and joined right away. I think this is a great idea and would really like to stay updated with what happens. Thanks,

Nathan

Canadian Investor from Calgary, Alberta. Currently avoiding the Canadian market and investing in the states. I'd love to invest in Canada, i just cant get myself to - for obvious reasons. 

I find alot of the specific details relates mainly to the states, but the general information and ideas can be applied when investing in Canada as well - just dont expect to see the returns that you hear about in the states. 

Real Estate Investing has given my family hope. After years of no work and being in debt, I started investing with my father, and have transformed our lives with financial freedom just around the corner, and finally paying off debt. Our lives would be so different without it.