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How to Get Started in Real Estate Investing: First steps to becoming a Real Estate Investor

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Canadian Real Estate Channel

Canadian Real Estate Channel

Күн бұрын

Пікірлер: 213
@charlyx3z894
@charlyx3z894 6 жыл бұрын
Graham Stephan brought me here. No regrets the both of you are amazing
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks! Graham’s an amazing guy! Glad to hear you’re enjoying my channel too!
@JeffWybo
@JeffWybo 6 жыл бұрын
It's not Netflix and Chill. It's McKeever and Chill. If you have this weekend off watch all his videos!!! Just do it.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks Jeff! Looking good at 70 subs!
@JeffWybo
@JeffWybo 5 жыл бұрын
Whoa.... “looking good at 70 Subs Jeff”. 😂😂
@JeffWybo
@JeffWybo 5 жыл бұрын
Bring back this beard.
@blacklyfe5543
@blacklyfe5543 5 жыл бұрын
Its Netflix and college
@realestateratpack341
@realestateratpack341 5 жыл бұрын
But Matt is just a chill guy to begin with. Watching all the videos
@theshapham
@theshapham 6 жыл бұрын
If an aspiring real estate investor can't even wait through a full 20 minute video I don't think they have the patience for a long term investment into wealth. The length of your videos are fine lol
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Haha - I agree - I'm just surprised sometimes by the lack of retention. Thanks for watching & commenting!
@JeffWybo
@JeffWybo 6 жыл бұрын
So true. Same reason why only a small percentage will even use this knowledge.
@MrOMgThAtWaSgReAt
@MrOMgThAtWaSgReAt 6 жыл бұрын
Dude..... long time "professional" youtube entrepreneur video viewer lol. Your content is fkng killer, incredible value. Super honest. Keep it up and you'll catch up to Graham in no time!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks! I really appreciate the kind words - means a lot to me!
@snowboomer5004
@snowboomer5004 6 жыл бұрын
I have been watching so many (real estate) investing videos lately. and after seeing so many everybody started repeating themselves. After a long time you were the only one that came with fresh and unique idea's. Well done
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks! Really appreciate the support!
@karenhughes8032
@karenhughes8032 4 жыл бұрын
@@CanadianRealEstateChannel Your information was genuine. Thank you!
@self-madeentrepreneurshipc8862
@self-madeentrepreneurshipc8862 5 жыл бұрын
Rich dad poor dad is a MUST for any entrepreneur of business owner....Well said Matt...it is like the gateway drug not only to real estate but financial freedom, entrepreneurship and much more! Great vid as always man!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks for the support! Really appreciate it!
@britMW226
@britMW226 6 жыл бұрын
So exciting to find a Canadian creator talking bout this! And a fellow Londoner. Keep it up 😊
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks Brittany! Be sure to hit that subscribe button! Also checkout the conference we're holding in London May 2018 for Real Estate Investors www.orec2018.com and if you use coupon code mckeever you can get 25% off!
@realestateron4784
@realestateron4784 4 жыл бұрын
Matt you’re the man!!! I’m working on my 2nd investment property n then 3 more by the end of the year next March at the latest!!!!!! You break things down well thanks man!!!!
@FloridaBoilermaker
@FloridaBoilermaker 6 жыл бұрын
Rich dad, poor dad is on KZbin as a narrative
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks for letting us know!
@realestateratpack341
@realestateratpack341 5 жыл бұрын
Matt McKeever is becoming the Rich Dad we all aspire to be
@honestly101
@honestly101 6 жыл бұрын
Hey Matt I'm at work right now when I get off I'll be watching this 20 minute long video keep them coming
@dramese
@dramese 5 жыл бұрын
I come here from graham, thanks god you guys collaborated, another gold, truly a treasure
@scaceres1
@scaceres1 6 жыл бұрын
keep em coming, i listen to yours and Grahams videos every night while doing reports for work. I started the same way you 2 did except my primary job has always been in EMS. I started in Lancaster CA 2011, purchased 1, fixed it up, room mates, saved for down payment, bought the second, refi the 1st, bought a 3rd, refi the 2nd, bought the 4th and 5th, positive cash flow, bought the 6th and 7th. Sold one, refi another and bought a cabin cash in big bear for better returns than all 5 of my rentals in Lancaster. I am at a road block though on how to grow bigger, or if i even want to.... 80 separate tenants on 16 properties... with a rough cash flow off 500 per property.. aren't you worried about the liability, also the time it takes to manage all the tenants..
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Well done! I 100% empathize with your train of thought - my portfolio is at a similar size. I think there's a few desirable zones when it comes to investing in real estate, under 5 properties is easy to self manager, and getting into the 20-30 properties, you can start to insource the property management by hiring full time employees etc. I think it really comes down to what your long term plans are. I'm constantly debating this with myself. I feel like I'm at an inflection point - either I should double down grow my portfolio so I can insource more of the work/management to employees, or sell off 75% of my portfolio so it'll be much easier to manage without needing to out/insource etc.... I know this comment hasn't really answered your question - but hopefully it helps highlight the fact no one has it 'figured out' completely. Really appreciate you sharing your experiences in the comment section!
@fireomen87
@fireomen87 6 жыл бұрын
Your match up with Graham Stephan brought me here and I'm glad it did. I'm from Ottawa and have been looking for Canadian content, most of the videos I've found on KZbin have been American, so thank you! It works out even better for me that you're in Ontario, same rules and laws for the most part :) Keep up the good work Matt! I look forward to watching your other videos and see you progress!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Awesome! You should check out www.orec2018.com if you're interested in networking with fellow Ontario real estate investors and be sure to check out the onfire podcast as we often have a lot of Canadian RE investors on the show.
@fireomen87
@fireomen87 6 жыл бұрын
Thanks for bringing the conference to my attention Matt! My girlfriend is actually moving in that weekend. Hope she understands why I won't be able to help her. Hahaha
@cybersecurityformeremortals
@cybersecurityformeremortals 6 жыл бұрын
Thank you so much for posing the Early Retirement Extreme book to read. It's exactly what I was looking for
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks Nicole! It's such a powerful book (or at least it was for me) - I get so excited by the thought of being able to help others, the same way Jacob's ERE book did me. Thanks for watching!
@notalmostfamous9773
@notalmostfamous9773 5 жыл бұрын
KZbin needs a 👊 for when the video is an academy award winner such as this. The thumbs up just feels as if it lacks sometimes. Love the video. Thank You
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks Chris! I really appreciate the support and comment!
@notalmostfamous9773
@notalmostfamous9773 5 жыл бұрын
@@CanadianRealEstateChannel 👊
@waltermercado9152
@waltermercado9152 6 жыл бұрын
Graham Stephan is my dad, and you are my uncle.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Hahaha
@realestateratpack341
@realestateratpack341 5 жыл бұрын
Uncle McK, has a good ring to it :D
@v12bat51
@v12bat51 5 жыл бұрын
I'd say the number one rule in real estate investing is outsourcing your tasks to others, be it property managers, contractors, etc. In fact in any business you shouldn't try to do everything.
@TheStevenFagan
@TheStevenFagan 6 жыл бұрын
I like the longer videos - good info
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
+TheStevenFagan thanks! Appreciate the feedback!
@thebeastlybaker
@thebeastlybaker 5 жыл бұрын
hey man! I work at a call centre in London and had a customer mention your channel, little did I know you're in the same city! I've learned a lot from your channel already. Thanks brother!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
That's awesome! I need to know - how did it come up on the call?
@thebeastlybaker
@thebeastlybaker 5 жыл бұрын
Matt McKeever Well I work at TD and this guy was having troubles receiving an etransfer and he mentioned it was sent by one of his tenants at a rental property. My wife and I have been interested in investing in real estate so I asked him if the pros outweighed the cons and he said something along the lines of “every house is a free house.. the benefits far outweigh the negatives like dealing with bad tenants, etc.” And then he told me to look you up if I was looking to get started!
@realestateratpack341
@realestateratpack341 5 жыл бұрын
Binge watch the Matt McKeever videos is a prerequisite to building your knowledge base in Canadian real estate
@justinjchambers
@justinjchambers 6 жыл бұрын
Hey Matt, just a couple questions. You mention that you can use your first time home buyer 5% downpayment on an investment property, I thought we were required to have 20% for investment in Ontario. Second, how often can you refinance and take up a mortgage on an additional property?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
If you're in Canada, and buy a single family - duplex and occupy one unit (house hacking, or as long as you intend to) you can get the mortgage insured) and only pay 5% down. Or triplex to fourplex 10% down. This will only work on your first income property or two though, and then you'll become restricted to 20% down purchases. There are no limits really to refinancing, other than you need new equity to borrow against. Once you've forced appreciation once, it's tough to force much more appreciation unless the area is drastically changing or you wait a few years. hope that helps!
@justinjchambers
@justinjchambers 6 жыл бұрын
I'm in Ontario, looking to get involved with London/Kitchener - that certainly clarifies it a bit more. I guess what I was meaning regarding refinance is, how long do you need to have possession and show cash flow in a property before a bank will refinance and authorize a mortgage on the next property.
@JM-ip7hf
@JM-ip7hf 6 жыл бұрын
Have to agree on BiggerPockets. It’s the Wikipedia/Facebook/LinkedIn of real estate. The Book on Rental Property Investing is also a great book. Actually helped me learn how to evaluate properties.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks for watching Joel!
@investinrealestateprofitably
@investinrealestateprofitably 6 жыл бұрын
Rich Dad, Poor Dad is a wonderful book. I agree. After that get together with someone who invests in real estate and knows what they are doing.
@NewIndigo
@NewIndigo 5 жыл бұрын
Matt, your channel is great, no matter what age a person plans to start in real estate. I’m a “young” 61 y/o guy who had the good sense to marry a Canadian woman. We just moved permanently from the States to the Ottawa area. We will be buying a few investment properties in 2019 and between Bigger Pockets and your channel this Ol’Dog is learning new tricks! Thanks.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
That’s amazing! Thank you for commenting - this made my day 😊
@ryandaveking
@ryandaveking 5 жыл бұрын
I had the same thought. I'm an old 52 but not too old to understand and apply.
@davidmcgregor8405
@davidmcgregor8405 6 жыл бұрын
Glad I found out about you tonight so I could add you to people to learn from.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thank you for your kind words!
@brockb412
@brockb412 6 жыл бұрын
Four books is nothing! I try to get 2 hours a day. Every book you read just gives you that extra edge. The return for investment is infinite.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
100% Agree - what are some of the most valuable books you've read recently?
@Akrios1337
@Akrios1337 6 жыл бұрын
Great video man the length is great just most of your viewers are probably busy people I usually watch your videos when I eat or am driving to a job
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks Dylan!
@liberalsneedhelpamen9245
@liberalsneedhelpamen9245 6 жыл бұрын
Thank you. 35 year old dad/teacher looking into investing and I enjoy your video. You're almost like the Don Campbell of the next generation of real estate investing. Are you available for online chats ?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Wow! Thank you for the kind words, to be compared to Don Campbell is high praise!
@piedrito10
@piedrito10 6 жыл бұрын
Hi Matt, hopefully you can answer this. I'm at the point where I've gotten decent with my numbers, pulling comps, estimaing rehabs but still feel that there's tons that I don't know. I'm thinking of partnering with a veteran investor, chipping 5k-6k in direct mail campaign in I could wholesale the deals to him and he could and show me the ropes on a flip.What do you think?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
If executed correctly, I think it's a great idea - have you seen my videos on wholesaling? kzbin.info/www/bejne/iWqmlJKmq7GHlbc
@deftloli
@deftloli 4 жыл бұрын
Hey Matt! Been loving your content, I'm taking these steps to heart and starting out with the books first. Thanks for the first few steps, looking forward to learning more from you!
@gg-yp8pr
@gg-yp8pr 5 жыл бұрын
I love your enthusiasm ... you sound like I feel about bricks and mortar...i appreciate the info...thanks for putting it on here..
@halyoung388
@halyoung388 6 жыл бұрын
Thanks for helping me out with my addiction....learning how to invest in real estate. Im returning the favor by liking every one of your videos I watch and by subscribing. I think at the rate your going your main problem is going to be finding repeat investments fast enough to put your money to work.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
🤣 thanks for the support and kind words! It means a lot to me
@levyschwartz6894
@levyschwartz6894 6 жыл бұрын
Great video
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Levy Schwartz thanks Levy!
@trudybak7237
@trudybak7237 4 жыл бұрын
Amazing video. Will definitely have to check out your book and resource list. Thank you for sharing what has really made a huge impact on who you are today! This is your foundation. Perhaps these are the ingredients I'm missing in my Real Estate journey.
@RadyoMusic
@RadyoMusic 6 жыл бұрын
Love this video, great content!!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
+Kerrs Opinion thanks! Appreciate you watching & commenting - been loving your Instagram
@ahsin.shabbir
@ahsin.shabbir 6 жыл бұрын
Hey Matt, great video. Would you recommend getting a real estate license as a real estate investor?
@timporter6857
@timporter6857 4 жыл бұрын
I am enjoying your videos brother. Nice to see you are concerned for the well being of the inexperienced investor.
@nadkarnia
@nadkarnia 6 жыл бұрын
Thank you for your video. I'm saving this one.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks! Glad you enjoyed it!
@jakobh6257
@jakobh6257 5 жыл бұрын
Great advice Matt 👌🏻
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks Jakob! Are you currently investing in real estate?
@jonasbaas
@jonasbaas 4 жыл бұрын
'Shots Fired'. You're killing me.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 4 жыл бұрын
Hahahahaha glad you enjoy my sense of humour
@neilh6178
@neilh6178 3 жыл бұрын
Shots fired! 👍
@albertoaraujo3884
@albertoaraujo3884 4 жыл бұрын
Great video Matt, definitely will read those books.
@kjw7815
@kjw7815 5 жыл бұрын
Hey Matt, Love your advice. You're exactly who and what I've been looking for. I'll be putting together my funds over the next 2 years and learning everything and anything I can as I hope to start my RE investing in 2021. I would love to learn all I can from you if you're willing to guide me here and there. I live in Barrie but work in Waterloo. I'm a tower crane operator so I travel a lot for work. I was in London on 2 different projects 16' & 17' and I love your town. My son will be 18 in Jan and is graduating this June. He wants to become an operator for the money aspect as it's a great paying job. He's keen on building wealth and he also wants to learn about RE investing. I'd truly appreciate your help in any small way. I'll be joining groups and reading all the books I can to build my knowledge and will pass it all off to my son. Thanks Matt!
@orangechev79
@orangechev79 6 жыл бұрын
i was told by some real estate investors that said your network is your networth. i would recommend rein canada 150 a month tho
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
100% Agree - REIN is a great network here in Canada.
@misterle8352
@misterle8352 5 жыл бұрын
If a guy suggests you to go to the library and get the book for free instead of buying through his affiliate link. YOU BETTA TRUST HIM !
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks! 😆 This comment made my day!
@sirishgi2597
@sirishgi2597 5 жыл бұрын
Over n over n over n over n over n over again
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Repeats the most important part of BRRRR
@sirishgi2597
@sirishgi2597 5 жыл бұрын
@@CanadianRealEstateChannel hey Matt!! I'm from a country where the monthly rents are .33% of single family house & interest rates starts at 8.7%... Other than rent to own scheme what else can I do for a +cash flow. please please please show me a way. I'm stuck
@clarabartha1737
@clarabartha1737 5 жыл бұрын
Awesome advice, Matt, honesty is appreciated, tips appreciated! (A little repetitive though, maybe save some time next time, still, excellent video content and passion.)
@kensg
@kensg 6 жыл бұрын
Great video and very informative..I like long video's..Thank you 😁
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks for the support!
@going2sleep
@going2sleep 5 жыл бұрын
Funny how I just bumped into bigger pockets today by doing a google search for another RE course. Their podcast is really good.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Bigger Pockets is an amazing resource for investors - the podcast is filled with fantastic stories from real investors. Thanks for watching & commenting!
@joshuamoore2721
@joshuamoore2721 6 жыл бұрын
Great video Matt!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks Josh! Glad you got value from it!
@Hedrymas
@Hedrymas 6 жыл бұрын
How would you suggest people network when they live in countries/places where the population isn't as dense? (eg. Finland)
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Great question... I guess it comes down to how sparsely populated your area is... If you're still dealing with a decent sized town/city - say 50-100K people - if there isn't already a meetup - I'd start one - being the hub (the guy that hosts the meetups) is one of the BEST ways to network and grow your influence in a niche. I've started multiple meetups over the last two years here in London Ontario - and I've reaped significant benefits from it. If you're in a very low density area - I'd focus on bigger pockets and other websites to start online networking. Are you planning on investing in Finland or outside of it?
@Hedrymas
@Hedrymas 6 жыл бұрын
Most likely inside of Finland (at least for now). I love my job so I'm not really interested in moving to a different country again, since I already moved from Belgium last year when I finished university. The city I live in has about 53 K people and I'd prefer potentially buying a property here so I don't have to go too far. Right now I'm 21 years old and I only started learning about investing in real estate two weeks ago, so I didn't get time to read the books you suggested yet, but I might order them online since I'm really interested in it. I don't think I could host a meetup right now since I don't have enough knowledge about it yet (don't have a property yet and only started learning two weeks ago), and I don't speak Finnish. I've been wondering the past few days if I could somehow get a mentor, but I'm not sure how I'd approach this. Everything about real estate really interests me and I want to save up and start with my first property, but it's also really scary and intimidating at the same time. So do you think getting a mentor who speaks English would be the most beneficial? And how do you think I should go about getting one, via mail or would there be a better way? Sorry for the wall of text :D I only rarely get to ask an expert directly. And thanks for all the helpful videos, they taught me a lot already!
@deepaksetia
@deepaksetia 4 жыл бұрын
I am a new immigrant, what things you focus upon to identify the type of neighbourhood (A, B or C/ Good, Average, Bad) where potential property is located. Thanks
@pusspuss17
@pusspuss17 6 жыл бұрын
Really enjoying your videos and learning lots, plan on watching the rest and smashing that like!
@zalenemail
@zalenemail 6 жыл бұрын
Thanks for sharing your valuable experience and advice. Is it better to start buying rental properties under personal name or corporation? Is it true that corporate mortgage rates are higher? And require bigger downpayment? Do you have email where I can send my questions? Thanks
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
It depends, but a lot of beginner investors find it advantageous to buy personally for the first couple properties, get some experience, then review how to proceed if they wish to grow it into a larger business. Corporate rates often are higher, in Ontario Canada it's often in the 1% higher range. Often downpayments are larger as well.
@alecjav7631
@alecjav7631 5 жыл бұрын
How and why do you attach Notebook and a book to the wall? What purpose does that attached notebook serve?
@JeffersonPapers
@JeffersonPapers 5 жыл бұрын
Just amazing advice!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks for the support!
@Currygoatpapi
@Currygoatpapi 6 жыл бұрын
Do you know of any efficient ways to build capital to put down on your first investment property?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Hi Ryan - so are you looking for what type of investment/account to save up your capital in or how to make/earn income so you have a down payment. If the former - I would say, just be sure it's not a high risk investment where you may loose your principal. If the later, there's no best option. I know some investors will do hard money lending to try an earn some of their future down payment - but there is risk involved with hard money lending. Alternatively if you didn't want to risk any of the principal HISA or a GIC is likely your best bet. And if you were looking for middle ground between hard money and GIC/HISA I'd say blue chip stocks or a etf with similar risk profile may be a good option. Hope that helps! Thanks for watching & commenting!
@mohitbhatia809
@mohitbhatia809 6 жыл бұрын
Matt thank you for the videos I really took away a lot of info I from the video
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thank you for the kind feedback!
@pocketbike36
@pocketbike36 5 жыл бұрын
Hey Matt great video! I will be very interested in listening to your info for Banks.
@alfonsosolano3486
@alfonsosolano3486 6 жыл бұрын
This one help me alot and yes long videos are cool with me
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks alfonso for the feedback!
@cristhianfelipemurilloestu6077
@cristhianfelipemurilloestu6077 3 жыл бұрын
Hey i have a question!, I’m planning to emigrate to Canada next year, is it true that it is veeeeery difficult to get rich due to taxes ??!
@honestly101
@honestly101 6 жыл бұрын
I went through your back catalogue, thank you for sharing. But Matt,That bigger pockets has 239 podcast. Podcast 1 bigger pockets hitting the play button right now.
@JeffWybo
@JeffWybo 6 жыл бұрын
Good luck getting through them all!!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Haha - you won't be disappointed!
@juanjon915
@juanjon915 6 жыл бұрын
I almost signed up for a workshop that claimed to give you many resources it was by elevated real estate tareek and Christina al moussa from flip or flop it sounded so good since they guaranteed money back if you don’t get 6k on a deal by 6 mos :/
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Yeah, it's hard to say which/what workshops/courses etc are worthwhile and which are scams/money grabs... In general though I think most people would get more out of any coaching/courses if they've already got a strong foundation in the fundamentals in regards to real estate. Thanks for the comment and for watching!
@johnbower5732
@johnbower5732 5 жыл бұрын
I don't live in Canada...but I want that book
@sammyprigade1824
@sammyprigade1824 6 жыл бұрын
Yo Matt! Came across you from Graham's video. At the time of that video, you said you had 16 properties and 80 tenants. This tells me you don't invest in apartment buildings. What's your reasoning for this?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
I only have one small apartment building, consisting of 20units and 3 buildings. I also have a few 6plexs. You're right though I haven't really invested in apartment buildings until recently. That was primarily due to my buying power being limited (not having the downpayment) recently though Jeff Wybo and I have started looking at larger multifamily properties. (I have nothing against apartment buildings, I've just been slowly growing my way to buying them). Thanks for watching and commenting!
@RockyMountain947
@RockyMountain947 5 жыл бұрын
Do you think that if I got into law school and went into real estate law that this would be a large asset? Would the $40,000 in tuition be worth it in the long run?
@philiprobbins7600
@philiprobbins7600 6 жыл бұрын
Hey Matt, I'm reading the Millionaire Next Door based on your recommendation here. It's great stuff (although a tad sexist!!). I have a technical question about the book. He has a formula for wealth that is age x income divided by 10. Do you know how you'd calculate for a couple? Thanks, and enjoying the videos.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Is it sexist? (It's been literally over 10 years since I read it, so it could be I've forgotten that part). That wealth formula, while interesting unfortunately shouldn't be used as much more than a fun game to compare yourself. (Like most things) Life is just too complicated to shoehorn into such a nice easy formula. (Particularily, if I remember correctly - that formula is rather unreasonable for younger people (who may just be starting out on wealth building) and/or those who have just started becoming financially aware. I know there was an internet forum (MMM I think?) where several contributors tweaked it to be more representative of life (as wealth doesn't grow linearly). Thanks for watching Phil!
@philiprobbins7600
@philiprobbins7600 6 жыл бұрын
Just some funny stuff like "mr S wants to buy a nice used car so he can drive his wife to the shopping centre", but the concepts about wealth and the negative impact of a consumerist society on building it are good for the mindset. Thanks!!
@navidsoroush8777
@navidsoroush8777 5 жыл бұрын
Is renting two bedrooms in a three bedroom townhouse that someone lives in legal? Would that need to comply with specific zoning requirements?
@jakesshowcasegamer4874
@jakesshowcasegamer4874 5 жыл бұрын
Quality man!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Thanks for the support!
@1bizkid
@1bizkid 4 жыл бұрын
Good video 👍
@SJTaveras
@SJTaveras 6 жыл бұрын
Thank you for all the great info it really helps alot. I have a question do you use the biggerpockets calculator when you analyze a potential deal?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
I don't but I know a lot of people that do, and that have found it very useful.
@benefitnessstudio2702
@benefitnessstudio2702 6 жыл бұрын
smashing that like button!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Appreciate the support!
@ronskiman23
@ronskiman23 6 жыл бұрын
If you have the time please make that video on how presenting (selling) yourself to the bank and get approved for a loan. Thank you for what you're doing, you're awesome ! Do YOU want to be as awesome as Matt ? Buy our plan for only 139.99 TODAY!
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Haha - thanks!
@leelaffan3925
@leelaffan3925 6 жыл бұрын
Ok follow Matt's advice. That's what I've been doing. BINGE WATCHING and I'm almost done.
@sirishgi2597
@sirishgi2597 5 жыл бұрын
Make it 18:9 video aspect
@ryandaveking
@ryandaveking 5 жыл бұрын
# @ Matt Mckeever, Dude you need to set yourself up a phone in show like once a week to answer viewer questions (a la Dave Ramsey), and film it to put up on youtube or even better, do it live. I also have suggestions on how you can monetize it more. Maybe we can chat and exchange ideas/knowledge?
@OtherNurse
@OtherNurse 5 жыл бұрын
Still current for 2019 or would you add anything else?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Still current and relevant! (You hear that KZbin algorithm? 🤣)
@taz_trader
@taz_trader 5 жыл бұрын
When I am whoelsaling a contract to an investor should I be factoring in the costs to close a deal
@t-roy9800
@t-roy9800 6 жыл бұрын
Do you recommend I take a RECO Real Estate Agent Course to learn the ins and outs on top of all this?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Just to clarify to make sure I understand - are you asking if you should become a realtor in order to become an investor - or if you should take a specific course offered by RECO about RE investing?
@JeffWybo
@JeffWybo 6 жыл бұрын
I can help out if you have realtor questions. But if you're just looking to be an investor than no don't take the RECO courses.
@t-roy9800
@t-roy9800 6 жыл бұрын
Hey Matt Thanks for the reply I was asking if you should become a realtor in order to become an investor and take the RECO course to have a good foundation. ty Jeff answered below that Ide do otherwise. Any tips please?
@t-roy9800
@t-roy9800 6 жыл бұрын
Hey Jeff thanks for the reply. Wouldnt the RECO course help with knowledge base?
@JeffWybo
@JeffWybo 6 жыл бұрын
Just like Graham talked about in one of his videos those courses only get you your licence but not to how to be a good realtor or investor. So my tips are sure becoming a realtor but in the mean time get on bigger pockets or head out to meet ups. That’s been so valuable for me.
@smittywerbenjagermanjenson1408
@smittywerbenjagermanjenson1408 6 жыл бұрын
Do you need a real estate license to get into investing?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
you do not need a licence to get into investing, anyone can do it!
@garymacdonald5921
@garymacdonald5921 6 жыл бұрын
Hey Matt have you read loopholes of real estate by Robert Kiyosaki's lawyer Garrett Sutton? What are your thoughts on it
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Hi Tricia, no I haven't - have you read it?
@garymacdonald5921
@garymacdonald5921 6 жыл бұрын
Matt McKeever no not yet. I heard Morris Invest talking about it. Have you heard of the KZbin channel vipfinancialeducation? They focus on building credit and and investing. I like their stuff, I wondered if you seen any of their stuff and what your thoughts were
@CTCLures
@CTCLures 6 жыл бұрын
The best stuff in life are free. What really cost you money is your own effort.
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thanks for watching!
@CTCLures
@CTCLures 6 жыл бұрын
Matt McKeever no thank you. Anyone can do what you have done, but to stand up and teach is the hardest thing. Especially on KZbin. Keep up the good work and I'll keep on watching.
@rollyasteroid6639
@rollyasteroid6639 6 жыл бұрын
Does anyone know if Matt ever ended up making a video about how to find a mentor?
@honestly101
@honestly101 6 жыл бұрын
First
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
+Noel Bissoondial haha - thanks Noel! Appreciate the support and it still makes my day to see people post first - makes me feel like a real KZbinr 😂😂😂
@GenoNow
@GenoNow 6 жыл бұрын
did you do a "how to impress a bank" video yet?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Hi Carl, I have not, but it is still on my list of videos to make. Be sure to subscribe and hit that notification bell - and you'll know soon as it comes out. Thanks for watching & commenting!
@RubyMVmistress
@RubyMVmistress 5 жыл бұрын
See videos like this should be the ones with millions of views, that's the problem. People would rather watch pointless videos, also more people should read from real books it trains your attention span which could help making crucial decisions. I know of Rich Dad, Poor Dad. The Networking part will be my biggest challenge since I know nothing other than druggies and convicts. Also just lower class people trying to escape that crowed.
@jamesl4532
@jamesl4532 5 жыл бұрын
can i get all 4 books
@AlexLopez-vm7uq
@AlexLopez-vm7uq 6 жыл бұрын
+1 like +1 sub, came here from Graham Stephan lol amazing content Keep up the amazing life changing advice guys :D
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
Thank you for the support, it’s encouragement like yours that keeps me committed to producing content!
@AlexLopez-vm7uq
@AlexLopez-vm7uq 6 жыл бұрын
Matt McKeever happy to help support, this channels helped me understand and get a different perspective on real estate which I think is incredibly important and helpful for people just getting into real estate like myself .... again thank U!
@dwaynelapierre3177
@dwaynelapierre3177 2 жыл бұрын
So true what Matt was saying about paying these gurus ! I have been doing real estate for years and joined a group here in Canada. Wasted my money !
@MrG1881
@MrG1881 6 жыл бұрын
On a scale of 1 to 10, this video is 11...
@waynmondwatkins9943
@waynmondwatkins9943 5 жыл бұрын
I am just starting in real estate How you can help me.
@Zebragoose1
@Zebragoose1 6 жыл бұрын
How to win friends and influence people.
@alek2049
@alek2049 6 жыл бұрын
Quote of the Day "Once you're surrounded by people that are doing Shit rather than people that are talking about shit. It becomes a lot easier for you to do shit yourself"
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
😂😂😂
@stebbiej
@stebbiej 5 жыл бұрын
The only way I can learn if I just jump in.
@ryandaveking
@ryandaveking 5 жыл бұрын
I'm a newbie in the Montreal area Market looking for contacts who wish to establish a network or refer me to a local network. Still in first stages but getting ready to start implementing and would love to meet up/communicate with people who are familiar with this market.
@Craigory722
@Craigory722 6 жыл бұрын
Did I hear you say McMansion? xD lol
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
+Craig D'Andrea haha yes you did
@JeffWybo
@JeffWybo 6 жыл бұрын
He says that all the time off KZbin lol
@destinyhomesw603
@destinyhomesw603 5 жыл бұрын
I knew he was Canadian
@CanadianRealEstateChannel
@CanadianRealEstateChannel 5 жыл бұрын
Hopefully that's not a bad thing
@destinyhomesw603
@destinyhomesw603 5 жыл бұрын
Not at all brother
@IKamiZz
@IKamiZz 6 жыл бұрын
Just bought 2 whole floors in the Trump tower idk how to rent them out
@hygropower6845
@hygropower6845 6 жыл бұрын
Great Vid!! Have ever read Real Estate Investing In Canada by Don R Campbell, I thought that was a great book. If you have read it, did you use any of the systems in the book?
@CanadianRealEstateChannel
@CanadianRealEstateChannel 6 жыл бұрын
+Hygro Power yes I have, I read it later in my real estate career so it didn’t impact me as much - but every one of Dons books I’ve read were fantastic
@JeffWybo
@JeffWybo 6 жыл бұрын
Don has great systems in place. All the REIN books were great especially when your new.
@goldenpath-relaxingsleepme6236
@goldenpath-relaxingsleepme6236 4 жыл бұрын
Love shit.
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