The exact systems and strategies local investors are using to make money with real estate.
Don't deal with messy renos or fix leaky toilets.
Learn the step-by-step strategies to find cash-flowing properties right here in the GTA & Golden Horseshoe.
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Investment Strategies, Advice and Tips, and more! Don't miss out on this awesome content.
01 - are you ever going to retire?
02 - How NOT to Get Started!
03 - A Simple Wealth Building Strategy
04 - How $10,000 Can Make You Wealthy!
05 - The 10/5/10 Investment Strategy
06 - Key to Success in Real Estate investing
07 - How to buy nice homes below value
08 - the 4 point home search
...plus 9 more exciting chapters, and 3 BONUS GIFTS!
Before we get started in the nitty, gritty details, I thought I should share some background information on myself with you so that you might have a better understanding of how I approach real estate investing. I used to be a CPA with a large accounting firm and hated every minute of it. Every Sunday night, I would have a pit in my stomach with the thought of having to start another work week. My job in the accounting firm was to go audit our clients’ financial statements. So everyday I would go to work at companies that didn’t really want me there. I was an auditor. Nobody likes an auditor. While auditing these companies, I started to feel like I was on the sidelines watching them make things happen. My clients’ companies were making things happen. They were in the game. I felt as if I wasn’t really in the game. I was just checking the score. Who likes to sit on the sidelines? The fun is in the game.
Ever since college, I knew that real estate investing was very profitable. I kept thinking that real estate investing would be a great way to earn a living without having to sit behind a desk all day long. So, like many people, I bought one of those so-called “get rich buying real estate” systems from a TV commercial. I won’t name any names, but if you turn on your TV very late tonight, I’d be willing to bet you’ll find a new version of the same commercial running on some channel.
I read every book I could find on how to buy foreclosed homes and sell them for a profit. I can honestly say that I tried everything recommended by these books and tapes. This book has been written with my blood, sweat and tears from real estate investing. As an investor, I have learned from my own real life experiences. As a real estate broker, I’ve learned from countless clients that have invested in real estate using different approaches. The approach to investing that we’ve moved toward over the years continues to work so well because of the underlying philosophy, which I’ll explain in detail throughout this book. It took a lot of mistakes to realize why investing in real estate was so challenging. Here are some of the mistakes I made...
My First Try to Make Money…
I found out through the school of hard knocks that “Get Rich in Your Spare Time” really meant spending a whole lot of time making not so much money. One of the books that I read recommended that I go and find sellers that would sell their home to me and act as the bank. So, in essence, I should buy their home, and they would receive monthly payments from me over time instead of their full sales price at the time of sale. With this approach, I supposedly wouldn’t need a bank and could buy homes without having a down payment. The truth was that the only people willing to accept this arrangement had homes that were garbage.
In the late 1990’s and early 2000’s mortgage interest rates became so low that there was a huge supply of home buyers. Because there were so many buyers, home sellers could get their full asking price without having to take any risk by accepting monthly payments. The real estate market in general, over the last few years, has been a seller’s market. This means that in most cases the seller calls the shots. If interest rates go into the double digits again, I suspect that these techniques might be more profitable, because the market will become a buyer’s market.
My Second Try to Make Money…
My next approach to making money was to try to buy foreclosed homes and fix them up for a quick resale. Hey, wait a minute; on the TV commercial, these guys were making$50,000 or $60,000 in a weekend. So this seemed like a logical step in my investing career. So I ran out and got pre-approved for a mortgage. Then the foreclosure book told me to go to sheriff sales and make bids on foreclosed homes. So, that’s exactly what I did.I spent the good part of a year looking for foreclosed homes. This entailed studying legal foreclosure notices, researching the public records, reviewing the foreclosure records at the court house, driving by and looking at the exterior of the foreclosed homes, going to the sheriff sales to bid on these homes.
You notice that above I stated that I spent the good part of the year trying to profit from flipping foreclosed homes.I invested nine months in this approach to real estate investing; except that when you invest, you typically get a return on your investment. In my case, I guess I didn’t invest; I just burned the rubber off my tires. I spent nine months trying to bird-dog these foreclosures without earning $1.00. During this whole time, I wasn’t able to buy any of these foreclosed homes.What I found out is that in most cases, the lender/bank that is foreclosing on the home usually buys the home back at the sheriff sale.
The lender’s position is that they will make more money buying the home at the sheriff sale and then listing it for sale with a Realtor than if they let it sell at the auction. The reason is that they don’t want some greedy investor, like you, to make all of the money. So on every occasion that I was bidding at a sheriff sale, my highest bid was outbid by the foreclosing lenders or someone else.
Quick Tip: If you are going to buy homes at an auction, you should consider not bidding at all during the auction.My suggestion would be to approach the winning bidder after the gavel drops and offer them a few thousand dollars more for the property. Using this method, the home’s price doesn’t get bid up too high, and you get the home at a much lower price. You would buy the home directly from the winning bidder. The winning bidder gets to collect a few thousand dollars for a few minutes of their time!
King City, ON
"The most positive, motivated, supportive and informed group of doers I have ever had the pleasure of being a part of! If you're thinking now, or have ever thought, that real estate investing is something you want to do then I suggest you look into this talented group of individuals, I did and I'm on my way to living life on my own terms."
"I am blown away with this investment strategy and system! I was able to place a tenant in the property so quickly that I had not even made my first mortgage payment. Tom & Nick have put together a great system, thanks for your help guys. Amazing."
"I was very impressed with the whole Inner Circle system and team, you guys are the best. Now I'm completely sold, I just did what the system said to do and when I needed answers to problems, made that call and got right back on track. Your system is everything you guys said and more, all I had to do relay, was work the plan."
We’ll never forget when we started investing.
It was tough to find Canadian specific information on investing, and it was an even greater challenge to find up to date strategies that worked in the current market.
So we went from book to book, meeting to meeting, searching for people with the first hand knowledge we were looking for.
But we didn’t have any luck.
So we rolled up our sleeves and went at it.
I (Nick) bought my first property when I was only 21 years old, and thank goodness I did because the hard lesson I had to learn on my own would be difficult to absorb if I had more time tied up with work, family, etc.
But it did start my brother Tom and myself down a fateful path.
We worked our way through multiple different investments strategies always chasing the next ‘big secret’ that would make all the difference.
Until we finally realized that there were no secrets but instead timeless principles that could be slightly altered for any market.It was game changing.
From there we started using them ourselves and as we grew what we were doing we got more and more attention from all around the city, then the province, and ultimately the country.
It led us to create our company, Rock Star Real Estate, which is dedicated to working hand in hand with real estate investors.
The whole company has been built on offering good information to people. We always felt that if we shared useful, actionable information with people it created a win-win scenario.
They got value from the time they invested in reading the strategies and we received the potential to do business with them one day. Maybe not, but it was worth a shot.
This is the long explanation of why we decided to give away one of our books which sells on Amazon.com for $24.95.
It outlines the step by step strategies we used to first build our investment holdings and then to build our business working with investors.
Whether you are a beginner looking to get rolling or an experienced investor who understands the value new strategies can bring, you will get value from this…..or we’ll give you your money back! ;-)
That was a bad joke….but you get the point.
We hope you enjoy it, and can take even a fraction of the value from it that we have from the same strategies.
Until next time…..Your Life. Your Terms.
“Down-to-earth, practical tips and a wonderful perspective, especially enjoyed the chapter on Creating Lifetime Value, instead of Now Value”.
“I have attended many courses on business start ups and this was undoubtedly far superior to any. You will make great money if you apply the method.”
“This system really does work! They understand your concerns and are able to walk you through the process because they have done it themselves. I would highly recommend Tom and Nick and their Income for Life program to anyone looking at investing in Real Estate.”
"Not get rich quick..but ideas, ongoing education and pulse on not just real estate but other opportunities to "Live life on your terms". They encourage everyone to take responsibility for their financial future by establishing multiple income streams and investments to protect and preserve their finances. At no time in our lifetimes has this been more important than now. You'd be crazy not to at least give them a try!"