Guide 2 the Grind

Up until recently, I thought that the only way to invest in raw land for profit had to do with zoning changes, or land banking. (sitting on it for years until it’s worth a bunch more than you paid for it originally)

I’m happy to say… I was wrong.

One of the best parts of what we do is talking to interesting people and learning new strategies. I’ve had my eyes open to new ideas a few times, and this is one of the best I’ve ever heard!

Today’s guest has not only figured out how to purchase land for pennies on the dollar, but also how to create a monthly cash flow on that land without “Renters, Renovations, or Rodents”. 

Mark Podolsky is known as “The Land Geek”. He went from a high stress career in Investment Banking, to becoming one of the best, and most well known raw land investors in the United States. (I know, we’re Canadian, but we can do this too). 

With over 5000 successful transactions under his belt, and 4.5 million downloads of his podcast,  Mark has shifted his focus from working his business, to teaching others how to do it. 

I’m super excited to say that today on the “Investment Property Income” podcast, Mark is lifting the curtain, and showing us exactly how he’s built his empire. More importantly, how you can do it too. You’re not gonna want to miss this episode.

www.guidetothegrind.com

With the elections quickly approaching, and campaign promises abounding, what results can we really expect from the changes each party is proposing?

Today on the “Investment Property Income” podcast, we take a look at the strategies each of the parties have proposed, and more importantly, the long term effects those changes might bring to Canada’s housing market. 

www.guidetothegrind.com

It’s that time again, when Canadians are called to exercise their democratic rights, and vote for the candidate they feel is best suited for the job of leading our country. 

And of course, with every new election year, comes new election promises. 

Today on the “Investment Property Income” podcast, we break down the changes to real estate and lending regulations, proposed by all of the parties. More importantly, we look at the long term impacts of each proposal, and what it really means to you. This is an important discussion, and one you don’t want to miss.

www.guidetothegrind.com

We’ve been hearing a lot about it in the news lately, and there’s certainly been a lot of blame going on. But what’s really caused the inflation we’ve been experiencing lately, and how does it affect the price of real estate?

We’re talking about this, and more, on today’s episode of the “Investment Property Income” podcast. 

www.guidetothegrind.com

Recently the NDP leadership announced that they would push for a 30 year amortization period for high ratio mortgages, if elected. 

Is this a good thing?

I’m not sure if you recall, but there used to be 40 year mortgages back before 2008. Post the financial crisis, banks really tightened their lending criteria in an effort to keep Canadians from feeling the full weight of the mortgage industry collapse.. and for the most part, it worked. 

Just how much will this affect Canadian’s ability to enter the housing market?

This is exactly what we’re talking about on today’s episode of the “Investment Property Income” podcast. It’s certainly time we explore the idea, but what difference would it actually make?

www.guidetothegrind.com

We’ve heard tons of speculation about the market “correcting”, or even crashing, but what’s the really mean for Canadians?

Today on the “Investment Property Income” podcast, we’re talking about the real impact this could have on our housing market. Here’s a sneak peak… it’s not that bad. 

www.guidetothegrind.com

I remember falling in love with the game Monopoly when I was a kid. There was just something about collecting the properties and buying houses, that always appealed to me. So much so, that later in life I became a real estate investor, and started buying properties for real. 

One thing always perplexed me about the game though… how would you make the leap from owning four houses, to putting a hotel on the property?

That seemed like a giant step to me. 

Well… I’m happy to say… it's not. 

In fact, it’s a lot easier than you’d think to make the leap from owning single family properties, to owning multi-family properties. 

Of course there’s a lot more to being a real estate investor than just trading in your houses for a hotel, but it’s not as big a leap as you might think. The best part is, you don’t even have to trade in your houses to do it. 

On today’s episode of the “Investment Property Income” podcast, we’re talking about making the leap from single family homes, to multi-family properties. I think you’ll be surprised at just how similar, and simple the financing can be… including the ability to use a CMHC insured mortgage. 

www.guidetothegrind.com

If you’ve ever applied for a mortgage, you know that it can be quite an involved process. From income verification, to down payment, to document collection, it can be pretty time consuming. 

But why?

You see, every lender is different, and every borrower is different. Document and qualification requirements can even vary with the same lender, and two different clients. 

When you add up all the lenders out there, and all of the options they have for borrowers of all shapes and sizes, it can be completely overwhelming. I know I was totally dumbfounded when I first started in the industry. 

It took me years to understand how to best serve the folks that I work with. What’s more, the landscape is constantly changing. You really have to know the lenders to know if they’re the right fit in any given situation. 

Today on the “Investment Property Income” podcast, we’re excited to have a guest that’s worked for one of, if not the largest mono-line lender in Canada, Brett Nesbitt. It was amazing having someone who knows the lender perspective so well, on the show. I know you’ll enjoy it as much as I did. 

www.guidetothegrind.com

Today on the “Investment Property Income” podcast, Geoff and I get into a deep discussion about the mindset required to be a long term investor. 

Dealing with losses, naysayers, and success, all have their own pitfalls. Learn some of the psychological tricks we’ve used throughout our careers, to overcome the obstacles we’ve encountered. 

This was a far more in-depth conversation than I originally thought it was going to be. 

www.guidetothegrind.com

So, here we are, the 5th and final secret of wealthy homeowners… 

Borrow to invest.  

You see, in the past, most folk’s strategy was to pay off their mortgage and live in their house debt free. That was a great strategy at the time.  

But times have changed.  

Today’s ridiculously low mortgage rates have created an opportunity that didn’t exist even a few years ago. We now have the ability to borrow at 1.5 - 2 percent, and lend at 6 or 8, or even higher, depending on your strategy. This has created a massive opportunity that Canadians are beginning to take advantage of.  

Here’s the way I like to look at it, separating equity from the bricks and mortar property is a bit like splitting aces in blackjack. (with way less gambling involved of course) You’ve got a better chance of getting to 21 if you split the aces. Just like splitting the house and the equity gets you to your financial goals faster.  

Of course there’s risks involved, of course you have to have a good strategy in place, of course there’s details that need to be learned, and that’s exactly what we’re talking about on today’s episode of the “Investment Property Income” podcast. This was a rather in-depth conversation, I know you’re gonna get a lot from it.  

www.guidetothegrind.com