All Forum Posts by: MIchael McCUe

I'm trying to save for a rental property and I feel like investing in a REET would be a great way to accumulate my down payment but I can't decide between Scott McGillivrays fund and grant cardone, I live in Barrie Ontario tell me what you guys think 

Scott McGillivray is aiming for 20% return 

Cardone capital is aiming for 10-15% roi

thank you very much, also should i invest all my money in Cardone Capital meanwhile for intel I find a deal that I can buy

I haven't bought a deal or anything I'm still saving up, I'm at 25k I'll hopefully be ready to buy in the next three years, otherwise the city I'm buying in is Barrie which is generally a great appreciation market, I've got two brothers Chris owns two rental properties and Ryan just bought his first partnering up with my brother chrises second deal, so I might partner up for my first deal I don't know yet tho depends on what my brothers want to do.

when shopping properties I do remember from the book you shouldn't buy properties based off cap rates but im wondering at the beginning do you first skim this information say the property is listed at a 6% cap rates which is common in the Barrie market would I then would go walk the property and see if things are viably ok, once I believe it's resdy for a professional inspection I'll get information about deferred maintenances mainly capex based off what I need to repier I'll be walking the property with the professional and I guess he'll give me a rough cost of How much everything that is needed and when I need to get the work done due dates, also I don't know how to calculate how much I should set aside in monthly terms after I get the required information from the inspector I'll be doing this for the first time, if the pure cash flow is incheck I believe usually NOI is usually around 60% including appreciation and mortgage income andone going deferred maintenances around 35-40%, now I'm ready to make an offer?

This is a blog I made myself, let me know if it helps my goal, to achieve profits because right now their zero (leads)

How much does it cost to install a patio door?

Installing a patio door In Simcoe can be costly but with my expertise, I can have your patio door installed at a more affordable price, I have been installing windows and doors for over a decade I install with members of my family mainly my dad as well as my brothers. Patio door prices can depend on the Model of Patio door you are looking for, for a standard 60x80 in white it will cost $1900.00 colors can be added, and for a patio door 72x80 the cost will be $2100.00

Outswing for a 60x80 will cost $2600.00 installed, and for an outswing 72x80 it will cost $2700.00 installed

outswing with Grills for a 60x80 costs $1860.00, and an outswing 72x80 will cost $2300.00 installed.

You also add blinds to all sliding and outswing patio doors for an additional charge.

once Ive run out of blog topics, can I just rephrase old topics, also I literally just rephrase other people's blogs because I can't make my own, I just copy and paste into a website and it rephrases it for me and I copy that and add a picture and that's all I'm doing for my blogging, is it enough?

for a windows and doors business, South Ontario Windows & Doors

Money isn't easy to save and $10,000( my debts) is a ton of money I want to save for a downpayment, I'm just starting so I don't have any money I would like to save $60,000 to buy a rental property, I think I could do it in  5-6 years, my brother filed bankruptcy and they relieved him of $6000 in debt from cash money.

a list of my debt

Gst Hst Tax 4500 income tax from working with my dad I owe
Scotiabank credit card 1400
Canadian Tire credit card 500
cash money loan 2400
Belair 600
echelon 600

should I pay the 10k back in the next while or should I file bankruptcy like my brother as It won't be for years until I am able to get a downpayment for a rental house anyway.

Hello I dont know how to do all the rennovations I see my brothier doing at his rental project, I just feel like at a base leval I dont know anything no matter the history and work, how am I going to buy my first deal when I dont know ****  pleas help me dial it out of this hell  

refering to the rehab skills mainly

how to deduct all deffered maintances and otherwise I make 1k a mouth but what happens when a major rennovation takes place

i was told by a few people on bigger pockets and bank manager assume , not the amount you need but enough to help if you got money on your own to add,

for rental property, also will i be able to payinto that or is it more fixed to compartmentalized amount. for a better expense ratio on the 5-10 grand

Hello I hear their are unsecured loans I can acquire via my income history I believe they give you an income of 20% of the loan now can I pay into the debt replacing pre existing gray space the remaining 80% or will it remain outside as a new amount, hopefully that's understandable.

also if I earn $30,000  annually what amount do they let me receive, thanks appreciate entirely.