All Forum Posts by: Jeremy Beaumier

Could you not pay sell off the low performers, pay off some of the mortgages, then use the equity from the paid off properties to finance new investments and still keep a higher cashflow?

(I'm new, so maybe I'm missing something)

@Guillaume D. Congrats! Great motivator, and I know it might feel like bragging, it's great to hear of someone's success. It's only bragging if you're not willing to share/help/network with others ;)

Just like the others on this thread... "I know it's been a couple of months" but I'd be interested in meeting up. How about organizing a brunch? Something informal, make some connections, talk about our journey's and ambitions.

Im wondering the same thing as Chris. I thought it was wiser to invest close to your own location so you can keep an eye on your property.

The BRRR calculator produces an amazing looking report that could be adopted to a proposal.

I'm a project manager with many years of bureaucratic experience, and the advice I'd give is follow a BLUF type of presentation. (Bottom Line Up Front). This is mostly used for memos and such, but the basic strategy is when approaching someone with an opportunity is: get to the point as quickly as possible. You can fill in the 'rest of the story' afterwards. It helps keep the people your presenting to focused on the goals you're after.

Anyway, search for BLUF on google, you'll get some templates for those. Just jazz it up with some visual candy like pictures, schedule plans, graphs.

Hey thanks everyone for the warm welcome! I'm glad to see some other Canadians out there, busy building wealth and independence. "I wish that I knew what I know now, when I was younger"

Welcome Youssef!

I'm in Ottawa, looking at single-family rentals. Financing seems to be a bit different up here in Canada then in the US. I'm looking at a Purchase Plus Improvement mortgage with Scotiabank for the 1st investment. And I'm looking for a property I can BRRR in about a month from date of possession.

The specialist I found at Scotiabank is an investor herself and what an amazing source of information she's turned out to be.

Anyway, best of luck and feel free to connect!

--

Jeremy

Hey everyone,

My name's Jeremy, I'm located up in Ottawa Ontario Canada, and am just looking to get started with a rental property. I'm a little late to the game compared to many of you at 42yo. I'm a government consultant, focusing mostly on IT projects. I have a suburban house, am very handy when it comes to renovations, and am looking to establish some financial freedom in time for my retirement. So basically, I've got 18 years to get free. But lets be honest, I'd like to do it in 13.

I saw a youtube video with Robert Kiyosaki a little while back that really hit home for me, so I picked up his book Rich Dad, Poor Dad and was surprised that this basic knowledge was completely new for me. Seriously, this should be taught in school. Since then I've been scouring for more info, youtube is a great resource, and it's how I found BiggerPockets.

One major problem with all the info out there: it's mostly geared towards the United States, and Canada is a bit more challenging where financing and real estate regulations are concerned. I'm hoping to meet some other Canadians who've navigated these waters and have some advice, I'm also hoping to provide feedback too, as my learning and experience increases.

Anyway, hit me up!