I just came across your channel, thank you for providing such a wealth of information. Love it!
@CanadianRealEstateChannel6 жыл бұрын
Thanks Mogul! Appreciate the kind words!
@mogulsinthemaking20576 жыл бұрын
Thank you!
@MikeRosehart6 жыл бұрын
This video is great. I forgot we did a video on this. Fantastic!
@jameseden94236 жыл бұрын
Never subscribed to KZbin never had a reason seriously unreal content man. I’ve been really putting things off always wanted to get into real estate. You got me focused. Keep on making videos love learning from you.
@CanadianRealEstateChannel6 жыл бұрын
Thank You James! This comment means A LOT to me!
@MikeRosehart6 жыл бұрын
Glad that you are making the choice to get get focused and get into real-estate. Matt is a great resource you should fully utilize. I'm happy to also pitch in here and there. ;)
@ianpoulin6 жыл бұрын
I’ve been watching for some time and haven’t commented before but I figured if I was in your position it would be nice to hear: this is valuable, thank you guys!
@CanadianRealEstateChannel6 жыл бұрын
Thank you Ian! We really appreciate you commenting - it does mean a lot to us. Audience feedback/interaction is the reason we're doing this! Glad to hear you got value!
@edgehodl48324 жыл бұрын
Great video !! Healthy people dont realize they have one great asset, their health. I'm thankful everyday for it
@rickforse85185 жыл бұрын
Canada = Socialized Medicine. Totally different in the states. This and housing will be your largest out-of pocket expense. Medical insurance for a family can be as much as $1500 a month here with a HUGE dedutible (7 to 10K). This can be a MONSTER risk. Easy to tolerate when your under 35...not so much over 50.
@MitPerin6 жыл бұрын
Really appreciate your insight! Great for people looking to quit to know what to do!
@CanadianRealEstateChannel6 жыл бұрын
Thanks Mit! For the lurkers in the comments - Pretty soon I think Mit's going to be making the leap, and you'll see more of him in LDN and on my Channel!
@tystozarban5086 жыл бұрын
The two years following a market crash are usually very good. My model suggests the best way to protect your portfolio is holding (not living on) some cash equivalents (cash, short-term bonds, etc.) to go all-in for two years after a severe year. That fairs much better than just sitting on index funds.
@CanadianRealEstateChannel6 жыл бұрын
Thanks for sharing your perspective!
@xlilxtrukita7036 жыл бұрын
I am still not understanding why there isn't more subscribers your channel is so great 🤗🤗
@CanadianRealEstateChannel6 жыл бұрын
Thanks Siomi! Appreciate the support - feel free to share my videos on social media 😉
@xlilxtrukita7036 жыл бұрын
Yes of course
@MikeRosehart6 жыл бұрын
Going back on this video realized I didn't have my KZbin channel at this time, but I do now. So if you're checking this out & you enjoy the content - check my channel out too.
@qwekuleroygyimah77285 жыл бұрын
Bring back #MikeandMattShow You guys are a power-guru team
@CanadianRealEstateChannel5 жыл бұрын
We’re hoping to soon!
@thiagoghisi6 жыл бұрын
Loved the format and the content! Great job guys!
@CanadianRealEstateChannel6 жыл бұрын
Thanks for the support - it means A LOT!
@lynxlynx795 жыл бұрын
Earmarked this video! Thanks guys for the tips!
@mathewscott74876 жыл бұрын
Great video guys, I have a couple of questions for you. 1. You mentioned re-financing + maxing out your LOC prior to quitting because it would be tough to do so after the fact. What happens when your mortgages are up for renewal and you're self-employed, are you still able to qualify? 2. Probably a dumb question but I'm assuming because your lives will be fully funded using your portfolio there is no need to pay into EI or CPP?
@MikeRosehart6 жыл бұрын
Mortgages are auto-renewed with most major banks and you can likely negotiate the rank without having to re-qualify. In my experience re-qualifying is easier than qualifying for the first time. It's definitely harder to qualify for A lender mortgages without a job. I've paid into CPP & EI in the past but yes the idea is that we won't need it or rely on CPP. We will likely not get the max CPP because we haven't spent our entire lives contributing to it...that's a sacrifice I think we are both willing to make. I know I for sure am not willing to work my whole life just to pay into CPP. That said, as a self-employed individual rental income is actually eligible income and thus can increase the room for the RRSP. We also have the option to pay CPP premiums on the income we earn through rental income & other various business sources if we so choose...
@honestly1016 жыл бұрын
Thank you Micheal and Matt for another grear video.
@CanadianRealEstateChannel6 жыл бұрын
Thanks Noel!
@MikeRosehart6 жыл бұрын
Thanks Noel. I just got a youtube account now so forgive my late responses I am trying to go through and respond to comments I've been neglecting.
@gersonadr26 жыл бұрын
Thanks for the great insights! Cheers!!
@CanadianRealEstateChannel6 жыл бұрын
Thanks for watching & commenting!
@sirishgi25975 жыл бұрын
Can you guys do a video on commerical real estate investment... Like buying, cashflowing, etc
@unico21625 жыл бұрын
Spending is very tricky... I have a problem with the concept of frugality as it can easily become and obession as much as overspending. I think A certain level of "stupid" spending should be mandatory to avoid madness.
@CanadianRealEstateChannel5 жыл бұрын
Interesting perspective - thanks for sharing - thoughts on what dollar amount or % that should be?
@unico21625 жыл бұрын
@@CanadianRealEstateChannel it's very difficult to quantify as it probably depends on each person's tendency to obsess over frugality. I would say... focus on making more and spend more to the same rate. But choosing to stale in frugality just leads to deflation. Spending is also a sort of "moral" duty of the rich, it takes culture to appreciate the fine things of life which require incredible talent and skill to create, it is the duty of the rich to support the creation of such things as the majority of people cannot. With frugality you cannot support excellence in many fields where simply it would not be sustainable to put the necessary time and effort unless there are "patrons" willing to pay the premium.
@petergilfoy87886 жыл бұрын
Good call on proactively getting an increase on line of credit while it’s still possible.
@CanadianRealEstateChannel6 жыл бұрын
Thanks for watching!
@jeffminnesota73766 жыл бұрын
Great video, great tips. Lean fire.....
@CanadianRealEstateChannel6 жыл бұрын
Thanks Jeff!
@Rell13885 жыл бұрын
Wait can you explain why it would be harder to access credit once you become a real estate investor?
@CC-yv3tx6 жыл бұрын
haha! green house lottery guy is a London legend!
@CanadianRealEstateChannel6 жыл бұрын
Haha
@alfonsosolano34866 жыл бұрын
Interesting video thank you!
@CanadianRealEstateChannel6 жыл бұрын
Glad you enjoyed it Alfonso!
@KellanJames6 жыл бұрын
21:14 You'll be happy to know that Elon Musk put a towel in the glovebox of the Roadster that he launched into space (not joking).
@CanadianRealEstateChannel6 жыл бұрын
🤣 that is awesome!
@cz69006 жыл бұрын
Did you graduate university/college?
@CanadianRealEstateChannel6 жыл бұрын
Yes, both Michael and Myself graduated University. He went to Western, and I went to Guelph.
@KellanJames6 жыл бұрын
Reviewing this video.. for no particular reason..
@CanadianRealEstateChannel6 жыл бұрын
Hahaha
@cirtey295 жыл бұрын
Learn statistical arbitrage and throw that garbage index buying.