Aggressive Real Estate: One large home with HELOC vs. Multiple Properties

My objective to a Ferrari by 30 (or, financial freedom for that matter) has revolved around a theoretically simple yet in practice, complex strategy: Acquire and hold 5 condos (likely in the mid $200,000 - 300,000s), rent out 4, and liquidate in 5 years to re-balance the overall portfolio (when then having more cash would… Continue reading Aggressive Real Estate: One large home with HELOC vs. Multiple Properties

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August: Working for up to 16 hours/day, for 2 Companies

The summer days pass by bathing in my own sweat beneath 2-3 sweater thick coveralls under the scorching Alberta sun, and inside a vacuum or tanker truck where neither the air conditioners or fans work, and you're lucky if the thing even drives in a straight line. Bent over smashing 4-inch diameter vacuum truck hoses… Continue reading August: Working for up to 16 hours/day, for 2 Companies

Self-Sufficient Investment Property Portfolio Growth

"Eventually, [investment properties you acquire will] pay for more of themselves." At a dinner with a good colleague of mine we were discussing our ambitions with real estate and our career paths in general. Our academic backgrounds and risk appetites diverged widely. He was a carpenter by trade who also had built dozens of houses… Continue reading Self-Sufficient Investment Property Portfolio Growth