Ideally i'd like to partner up with a seasoned mentor living in Toronto for my first few deals but i'm a self learner so if that doesn't happen i'll soak up all the knowledge i can from BP and figure it out :)Hope to be making meaningful and fruitful connections on this site.Happy Friday!

I primarily use the BRRR method, so the end goal is to have little-to-no cash invested which means that Cash on Cash Return is not a really meaningful metric.

Originally posted by @Dave Foster:@Varun ParkashJust wanting to make sure I understand. 

If you want to defer taxes, then yes your time is running out.Talk to @Dave Foster.

In real estate investing I see that I have to change my traditional ways of thinking and realize cash in hand today is many times more meaningful than future savings.

How long have you had those tenants in place @Rachel Foster ?

I'm learning as much as I can abut this industry to help my clients in meaningful ways.

The auto and the gun are not comparable by any meaningful metric, IMO.

For me, having at least a little equity in my personal residence is a must-have.Now, the $100K equity number is meaningful to me because it means that I could sell my personal residence on the spur of the moment and generate enough cash that I could buy another (much less expensive) house for the family to live in and own F&C.

It was ideal for them because they currently have free housing because they head a foster-care house, so they can do the repairs gradually until the house is in livable condition.