Durham Real Estate Investors Club
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Purchase or Pass: Making the Right Decision

Common wisdom says don’t fall in love with a property. Unfortunately, many of us, including seasoned investors, fall into the trap of falling in love with (what we perceive to be) a must-have, unbeatable, one-of-a-kind property. In our minds, this is the property of our dreams; if we could add it to our portfolio, we’ll […]

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Why Real Estate?

I have often been asked why I focus my investments in real estate – why not stocks or options or bonds.  There are many different benefits to investing in real estate.  I thought I would focus on different aspects of what makes real estate a good investment.  Each area is a part of what makes […]

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My $25,000 Dollar Mistake

Unfortunately, when you make a mistake in real estate, the stakes are usually much higher than in many other businesses. Sometimes you need to re-evaluate your filtering strategy or your legal documents to ward off costly blunders, while other times you need to look at your referral network or advertising strategy. We invest time in doing our […]

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Looking at Migration Patterns In Toronto

A great source for statistics that I use is “The Daily” from Statistics Canada.  The daily statistics source gives you some fairly odd statistics that you will have to sift through to get to the gold.  A great little nugget come through the other day, that wasn’t really suprising but confirms what we see is […]

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Suggested Reading: The Millionaire Next Door: The Surprising Secrets of America’s Wealthy

Do All Millionaires Drive Fancy Cars? When I was a younger man I heard a great story about the owner of a large car company that has stuck with me all my life.  This owner would drive his 20 year-old truck to work everyday.  I’m sure he could have had a limousine and a driver […]

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Suggested Reading: The Top 10 Distinctions Between Millionaires and the Middle Class

The Top 10 Distinctions Between Millionaires and the Middle Class book was a quick read, but distills quite a bit of knowledge into some succinct points. Will reading the book make you a millionaire? Of course not. But it will put you on the right track. It is not a book that you can easily […]

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When An Expert, Isn’t Really An Expert

There seems to be a misconception that once you become a full-time real estate investor that you work less.  I don’t agree with that.  I would say that you work differently.  You just don’t get to a particular point in your business and stop, or at least I haven’t seen that point myself. One of […]

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Create Your Own Learning Library

If you want to improve or change your situation, then education is an important part of doing that.  Applying what you learn is just as important as educating yourself.  At DurhamREI meetings I have mentioned that I read 3-4 books a month, which help to sharpen my saw and keep me focused. I’m really proud […]

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You Can Create Wealth by Using Multiple Streams of Income

There are only six ways that you can create wealth.  You can inherit it(1), marry it(2), win it(3), steal it(4), work for it(5), or invest to get it(6). I’m not really interested in the first 4 ways to create wealth as I don’t see them as something that many people can reasonably expect to do […]

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How Real Estate Investor’s Can Use Creative Financing To Get A New Vehicle For Free

Real estate investors are creative bunch of people, particularly when it comes to financing. At the September Durham REI meeting, I shared how I used creative financing in order to get my truck for free in May of this year.  These types of conversations usually happen when you attend events with a room full of […]

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