.- The 23 year old who just bought the first house-hack may teach us something game-changing.The “real deal” looks very different in many contexts: THAT is the power of BiggerPockets.

Base-line, it's about a ferocity of self determination more powerful than the obstacles that will come. 

Here's what the quote covers:- Conversion of 2 bedroom, 1 bath main house to 3 bedroom, 2 bath (~1040 sf footprint)- Demolition of existing walls (existing dining room wall, wall between kitchen and living, bathroom closet)- Finished Shell (Reframing opening to living room and kitchen, shifting openings for bathroom/bedroom, new walls at bathroom and dining, level - Replace all aluminum windows with fiberglass windows and screens- Upsizing plumbing, and relocating fixture locations as necessary- Upgrading electrical panels- Assume heat pump and ductless mini-split for heating and cooling- An allowance for kitchen appliances including combination range, hood, dishwasher, microwave, refrigerator, and washer/dryer- An allowance for mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Mid-grade plumbing and lighting fixtures (Delta, Kohler, or equivalent)- Ikea cabinets or equivalent with solid surface countertops, includes island- Assume solar system to be installed on the house including battery storageFor the garage ADU, the garage would need to be demoed and rebuilt, but we would benefit from building within the setback since the garage is on the property lines.

Knowledge is Power but Knowledge without Action is useless. 

No lender is going to risk their own borrowing power on an already great performing asset.

In conclusion, the parallels between the financial challenges of 2007-2012 and the current market conditions of 2024 serve as a powerful reminder of the cyclical nature of our industry.

Share the love and I'll update the list.Property Search:Realtor: https://www.realtor.ca/REW: https://www.rew.ca/Zoocasa: https://www.zoocasa.com/Zolo: https://www.zolo.ca/Rent Info:Rentometer: https://www.rentometer.com/Rentals: https://rentals.ca/Craigslist: https://toronto.craigslist.ca/search/apa - change to your city (Very good interface, surprised for Craigslist)Padmapper: https://www.padmapper.com/Lending/Mortgage Rates:Ratehub: https://www.ratehub.ca/mortgagesRatespy: https://www.ratespy.com/Stats / Data:Stats Canada: https://www12.statcan.gc.ca/census-recensement/index-eng.cfmCensus Mapper: https://censusmapper.ca/ - Powerful if you know what you're looking forCity Data: http://www.city-data.com/canada/House Price Index: https://housepriceindex.ca/#maps=c11RBC: http://www.rbc.com/economics/economic-reports/canadian-housing-forecast.htmlDeal Analysis:Dealcheck:  https://app.dealcheck.io - They have a great App for mobiles tooThis list is nowhere near exhaustive.

But ask, what's tied at the hip to those in CRE of "power" but, without that "juice" to get bailed out?

v=tBeixPk-Nhs&t=2shttps://Youtube.com/7einvestments is where I house all my videos‎Creating Wealth Simplified on Apple Podcasts(4) Creating Wealth Simplified through Note Investing | FacebookFinancing / Note Investing Books (Bold are ones I read, others are from other sources)Brueggeman, Fisher – Real Estate Finance & Investments (college textbook)Joshua Andrews Paper ProfitsFuqan Bilal Turning Distress into SuccessJim Napier Invest in Debt Alex Goldovsky Bulletproof Title Due diligenceTroy Fullerwood Power of Paper Bill Bymel Win-Win Revolution Fred Moskowitz - The Little Green Book Of Note Investing: A Practical Guide for Getting Started with Investing in MortgageEdward Griffin – The Creature From Jeckyll IslandMartin Saenz- Note Investing made Easier Websites For Informationhttps://www.NoteInvestor.comhttps://www.biggerpockets.comhttps://www.fusionotes.com‎The Note Investor Podcast on Apple Podcastshttps://fixnotes.comhttps://www.getrefm.com/ (excel training)

Don’t underestimate the power of location in real estate investment – it can make all the difference in the success of your investment.