HOW TO TAKE OVER THE WORLD!

This week I had a great talk with four guys at Second Cup. By the end of the conversation they were so excited with the possibilities that they decided they should buy all of Red Deer and turn it into a "rent only city". They understood how to generate wealth!

We originally met because they had questions and wanted to learn information to move them towards their goals. They wanted to learn how to invest in real estate, what neighborhoods appreciate faster than others, and most importantly, where to begin.

I shared the basic steps with them. First, start by owning your own home that has a rental built into it; a legally suited house.

If all you ever did was buy 4 legally suited  homes,  in 25 years you would have a net worth of approximately $1.2 million with $8000 liquid cash flow coming in every month. 

Buying a suited house often seems scary to first-time buyers but in fact buying a single-family home can be more risky. If you buy a single-family house you have to pay for all of it yourself. For example, my brother wanted to buy his first home and had his eye on a condo. My mom said, "you can buy this lovely condo and pay $1300 per month or you can buy a legally suited home and end up paying only $300 per month." 

He chose the suited house and still has cash flow from it seven years later. 

Buy the legally suited house first! Live upstairs; rent out the basement. Then buy another, and another, and another, and you'll be set!

Two units are better than one! 

Two people paying towards the mortgage are better than one!

Don't be afraid to do things differently. 

It is good to grow. 

Change your mindset. 

Have a growth mindset. 

Ask questions!

If you want to know more, feel free to give me a call and I'll see you at Second Cup! 

https://www.facebook.com/teamkander/

Free House!

FREE HOUSE! Are you tired of using your own money to make your rent and car payments?? I have one friend who currently owns a condo that he paid $0 for, and now he has made almost $10,000 by being a landlord! This is commonly known as a rent-to-own. (I just lost half my readers because of those last 3 words.) A Rent-to-own is a great way to buy properties! It gets your foot in the door of the market. What is the hardest property to buy? THE FIRST ONE! Where do most people stop? BEFORE THEY START! How can you get your foot in the market? You get your foot in the market by finding a realtor who is knowledgeable and understands the process. You only need one Realtor to show you any property. The property can be listed with Realty Executives, C-21, ABC realty, or even a private seller, etc. Any property that is on Realtor.ca can be shown to you by whichever agent you choose. Most commonly, people will call the person with the sign on the lawn if they don't have someone working for them. If you find someone who you trust and is knowledgeable about all the various ways that you can get your foot in the market, be loyal to them. Then they will work in your best interest instead of just trying to sell you something. I can provide you with all the information you need and you get to make the decisions. I can show you the half duplex with the nice veranda, or if you're interested, I can show you how you can buy a house that will in turn make your car payment for life! How about you and I go see legally suited houses? I'll pick the best 3 and give you the grand tour. Legally suited homes typically rent for $1,300 upstairs & $900 downstairs. There's often 2 bedrooms downstairs and 3 on the main floor. Your payments will be around $2,200. Lets look at the rental income. $1,300 + $900 = $2,200... BUT WAIT! If you'd like to get in with only 5% down you will need to live there. If you live upstairs, and get two roommates for $550 each, your contribution to the payment is only $200/month. Now if you've made it this far I will give you the last part of the formula. Lets say your current rent is $550-$900/month. Your new investment is now $200/month. THERE'S YOUR FREE CAR! Oh and as an added bonus, you're paying off $500 a month on your mortgage. Therefore if we look at the numbers again, you're living in your own home and you're making $300 a month and you have no car payment. Is there any reason why you wouldn't want to get started on your first property right away? Don't Wait!!

Give me a call or message me right away and I'll be happy to walk you through the whole process!

Bryce Kander

Realty Executives Red Deer

403-896-7331

:)

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