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How Does a Seasoned Real Estate Investor Approach Risk?
Risk is one of the most misunderstood terms when discussing investing in any asset class. If you can understand what risk means, you will see as I have seen, that seasoned real estate investors are one of the least risky investors. If you were to ask someone what they needed to do in order to […]
Continue readingThe Seven Deadly Real Estate Investment Sins
Real estate investors can be hurt by mistaken beliefs around achieving success through investing in real estate. There are certain beliefs that real estate investors who have achieved wealth in the $10 – $100 million net worth range, that they don’t share with others. The most damaging of those beliefs are included here. By understanding […]
Continue readingPurchase 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 […]
Continue readingWhy 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 […]
Continue readingMy $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 […]
Continue readingLooking 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 […]
Continue readingSuggested 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 […]
Continue readingSuggested 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 […]
Continue readingWhen 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 […]
Continue readingCreate 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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