Hi Ken - you can find more info here: real-estate-rat-pack.teachable.com/p/private-deals-and-creative-financing-a-mastermind/?preview=logged_out If you use coupon code: Matt you'll save a bit on the cost 😉 For any lurkers that want more info here's a quick sales synopsis: Day 1: What you get/do: · Blank Private Purchase and Sale Agreement (Valued at $299)· Q&A Session with Lawyer where you’ll learn best practices and common pitfalls buyers make when purchasing privately! (1 Hour with a Lawyer would cost Min $200)· Opportunity to write up a private offer and have it reviewed by a trained professional (Consulting Valued at $300)· Access to Real Estate Blueprint to Wholesale and Private Deals course (Valued at $497)· Our Top Ten Appendix A Clauses (Valued at $199) Included in this course is:o Cash Back on Closing Clauseo Assignment Clauseo Tiered Deposit Clauseo Back Up Offer Clause· Spend the Day and Evening at Win Win Mansion networking with some of South Western Ontario’s premiere real estate investors (Value - priceless)· Access to all videos shot during this mastermind (Will sell for $499) Total Value of Package over $1,994 but if you come to our 1 Day workshop you can have all of the above for ONLY $800
My first TH-cam comment! Cant say Id disregard "Uncle Gs" rules and advice. Kasey seems like the real deal and I like the fact that he is zero fluff and all business. There is no rock star persona but strictly how to make money and how to do it efficiently. The authenticity and insight is something I greatly admire as a future real estate investor. Thank you for bringing some amazing content and inspiration.
@@CanadianRealEstateChannel Currently a realtor in NYC so unfortunately Im sitting on the sidelines and saving here until I can save for a BRRR (and house hack) here or explore other markets that are not in my backyard. Any ideas on how to explore other markets ? New York offers a ton of opportunity but for real estate investing starting means a ton of capital or a great deal.
I hear ya. I think networking is a great way to expand your investing horizons. Bigger Pockets (and now I also stole this saying) always says that within 4 hours drive of almost anywhere in north america is a real estate market that makes money
Bought my first Duplex, a house hack in October. I am working on a seller financed deal now. I am sold on doubling down and scaling. Adam, you got this! Also, Kasey is the man.
Adam JD Martin Hey Adam! I’m getting into real estate investing myself, my neighbour and his kids are investors themselves and my dad is good friends with them and we are always talking together. I just had a question for you, what job did you have before you went all into real estate investing?
Once again Kasey shows us the genius in simplicity. I love the way these two worlds collided in the video. Would be interesting to have Kasey be a part of Adams journey over the next 5 years....
Haha - 100% Agree - I'm hoping to build a network of like minded investors and show case all their stories from across north america - if there are any lurkers reading this comment and you have a portfolio of real estate and are willing to be as open and sharing as Kasey - email me at matt.fieh@gmail.com
i need to start commenting!!!!! and drown out all the negative comments! I think Adam should replicate what he's doing. Buy the block! I had a conversation with him last spring and he gave me some amazing advice and now im closing on my first property and the numbers are insane!!! I plan to repeat the process. I'll invite you guys up once i own the block (which i definitely will) lol.
I see Kasey I automatically like the video. Amazing man and very inspirational. Could you record a video with him explaining the eviction process in very great detail, I think the eviction process sounds super scary but he has a way of making things seem simple. What about if the renter damages the property while you are try to get them evicted and how long does it take, etc.
Being a young investor and having such a great network is really amazing. Not only are you young to build further connections but you're getting advice from guys like casey. Really happy for you adam.
Thanks Don! I've been so fortunate to have this network accept me and give me so much of their time. It's an asset that can never be devalued. Cheers @adamjdmartin
We need to get you down to the mansion for a day and really workshop your situation and create a financial plan to make sure we get you one as soon as possible
Kasey... Kasey...Kasey... Are you not entertained? Are you not entertained? Kasey...Kasey....Kasey (Crowd rises and applauds, Kasey, The Maximixer of Value, Destroyer of all things inefficient, Wong.
Cash back on closing - is when the seller credits you for work that is not complete. Wholesaling is a type of real estate investing/sourcing private deals you can find more info here: real-estate-rat-pack.teachable.com/p/private-deals-and-creative-financing-a-mastermind/?preview=logged_out If you use coupon code: Matt you'll save a bit on the cost 😉
Hey Matt Listened to this video on my way in to work. It was amazing to hear a 24 year old Adam planning to scale his portfolio. In just two years now he is a beast. It definitely opened my eyes to what I really want and what path to take. Video was crazy one of my favourite so far
I think multi family is where it’s at. One mortgage, one property tax, one location etc. I own a duplex and the biggest mistake I’ve learned was trying to pay it off instead of using the money to reinvest in more housing properties. Where do you guys think the best location for multi families is going to be in the near future?
@@AdamJDMartin and your near future acquisition plans for more properties! Over leveraging can eat the cashflow income you need to build for the next investment or if you're JV'ing, it over leveraging the property may make the deal unattractive to your partners....
Maybe think of it this way, depending on you goals, if you leveraged a property to a point where the income no longer covers the expenses whould you be okay with paying out of pocket every month to hold that asset?
Nick DelConte I’ve got 3 properties. All make me a profit of a couple $100. I’d like a fourth but am concerned of the term “over leveraged”. Also outside of mortgages I carry $0 debt
Thanks for uploading this. Loving these Kasey videos! I'm in a similar place as Adam... 2 properties in London ON.. 26 years old. This is so valuable! THANK YOU
How do you qualify for mortgages if you have quit your job? Don't you need the income to get the bank to loan you the money? At what point can you quit and still qualify?
You do not need an income in UK for many buy-let mortgages as long as you already own one buy to let property for at least 6 months to 1 year and can show been a successful landlord. They base the lending on the income the property will produce. Surely Canada must have similar mortgages
If you want mortgages got to be debt free you got to be. I can’t even get a third mortgage with 32k debt holding onto two houses worth 750k if I sold them both today.
how does getting investors work? like whats the logistics and benefits behind someone investing with someone like kasey? does he give his investors a monthly pay check based on how much they invest? how do they get returns?
Kasey works with accredited investors only, a type of investor that most use when they grow to Kasey's level (they have certain income and net worth requirements as well as liquidity). How any real estate investor attracts money partners or investors is through networking and hard work, plus results. There are a few different ways people tend to invest using other people's money (OPM). One way is to partner with an investor by making them the active partner (they typically bring the skills, building, and management, you bring the money), or by simply lending them money at an interest rate (typically paid back with either interest only or blended payments over a predetermined amount of time). Both options are great because they allow you to make a spread on the real estate game without having to necessarily have the skills to do it yourself (you're now making money while you sleep).
Adam Martin Do you know the numbers behind the interest rates? What’s the reason to be with kasey over a mutual fund? What kinda numbers are normal for the interest rate?
What exactly is Vendor Take Back? I keep finding definitions that sound like they give you a portion of what you would need to put for a downpayment on a loan with a bank, but when adam mentioned his VTB terms of 96% loan with 3% interest, sounds more like owner financing?
Vendor Take Back simply means the owner finances a part (or all) of the purchase of a property. Typically it's for a first or second mortgage (if you research these, it may help provide perspective). If it's a first mortgage (there normally is no other other debt on the property), if it' a second mortgage it's more like they're 'helping' you with the down payment.
@@CanadianRealEstateChannel Thanks I think I see. So as a first mortgage, it sounds like it is used interchangeably with Seller/Owner financing where the property would have to be free and clear for them to act as the bank, but it has a dual meaning in that if used as a second mortgage, the seller will now act as sort of like an equity partner or PML?
@@andyl965 You're on the right track here, although i'd hate to think of them as an equity partner, much more of a creditor that has an interest in the property should you default.
You should ask him how does he justify how much he pays his investors. Is their a certain percentage he goes by every time. And also how does he pay them when he had multiple investors at a time who gets paid first and how much. Also does he use his own credit or he uses his investor credit and should you be using ur own credit why or why not.
How did Adam get his first property without a job and from this video he got a VTB for his second mortgage. Is he planning on getting his third through VTB as well while having 20-60k capital reserve buffer?
I got a large VTB in first position (there's no bank involved; the seller had 100% equity in the property). My next properties will be done with partners as I build up my income and capital.
Thanks for tuning in and taking action #10xFamily. For a closer look at our daily lives check out @mattmckeever85 @jeffwybo @hungarianexperiment @adamjdmartin
Sorry I unfortunately didn’t understand what he meant during 17:20 did I mishear the world evict ?I though I heard N4 If someone could explain this to me it would be much appreciated
Get the operating agreement from Cardone Capital and the Funds and reverse engineer them. That's where the real genius of Uncle G is...his investing scheme. If you deliver and build trust with investors your only problema will be finding "enough" deals.
Networking - start going out to all your local REI meetups and get to really learn your market - it's so important to build up your network and it's something that far too many new investors neglect (in my opinion)
Hi Matt. Very nice videos. I am a Home renovator tired to do flips for somebody else for over 10 years in Halton & Peel region in Ontario. One of the highest prices markets in all over Canada, for years I want to take the next steps to do flips on my own and become a real estate investor but for several reasons I lack the funds to start up. Most of testimonies about how this investors became successful in flipping properties are missing the most interesting part: How come after they been jobless, penniless, in their early beginnings , jumped to real estate investors? Who funded them, where did they got the capital to start Up, specially when the banks said no to them. Thank you for your answer, Manny
Thank you Matt,Kasey and Adam! Amazing advice,I wish I had access to this kind of networking at 24. Adam, you are set up for success just by surrounding yourself with self taught experts.Please keep the videos coming,I have been a landlord for years and am still getting great information from you. Many thanks for the time you spend producing the videos Matt
Just out of curiosity. How was Adam able to get that much capital to invest? Was it mainly from refinancing his properties or through wholesaling? Or just money partners?
hey, just a tip, with the way the room is set up, it's hard to hear and understand sometimes. it has that room echo. maybe for videos like such, find a bigger open area for these convos? other than that, KEEP KILLIN IT. love the knowledge.thank you so much!!!!
We really enjoyed it - at times it can be a bit of a pitch fest - but for the cost - it was one of the best entrepreneur/real estate conferences I'd been to. 35K people is what Uncle G claimed (even if attendance was only half that - it's still a massive feat and really inspiring for myself as we host conferences in Canada - on a much small scale though) Thanks for the support!
Hi, Matt i have been watching your videos for a few month now and we are about to start investing in real estate. I have a question, when it comes to getting partners to buy properties, what would be the best way to get everything in papers, a corporation or what is you experience with that? I have read some books that recommend LLC but those are book based on USA market.
I know we got a lot of value - while I may not love all of Uncle G's business practices - it doesn't mean there isn't a ton I can learn from him. He also had other fantastic speakers - some of my favourite were Tai Lopez (surprised how much I liked his talk) Ryan Deiss (already a big fanboy of his) and Pete Vargas - who I'd never really heard of before.
Because of the echo I couldn't quite understand, what phrase is he using at 17:20? I'm sure he's talking about serving an eviction notice but I'm not a hundred percent.
Hey Matt have you ever considered invested outside of London? I know Grant Cardone says you need to expand outside your area to expand your business. Thoughts?
Queston for AdamJD. Quitting your job doesnt make alot of sense when banks would be looking at income, debt to income, and a fallback if something happened. Or did I miss something that you already had cash for investing before you quit? Just curious. Thanks! Have a safe trip back home.
Hey Gamer, thanks for the thoughtful question. While I have quit my office job, I do still have income from my corporation (property management, Airbnb revenue, and rental income) as well as salary for business development and sourcing private deals for our investors and Matt. Quitting my job I figure actually put me about 1-2 years ahead in the timeline of getting my first property and most likely MANY years ahead in strategy and skill development. This is due to the fact that I immediately surrounded myself with the most successful investors and put myself in the center of their network by working with Matt and Jeff on TH-cam and the countless meetups they've hosted for REIs. Cheers, @adamjdmartin
25 year old teacher here. My dad gifted me 1.35 acres of residential land valued $25k (by the City appraisal district) when I graduated college. I want to get into real estate and rentals but I don’t know how to start. Should I sell the land and put a down payment on a multi family? Or should I save for an FHA loan (3.5%), house hack and save my land? What would you guys do?
Tommy Mccoy sell it, and house hack a multifamily property. Try to buy a quad. Make sure that the rents after you pay your mortgage and set aside “x” percentage for repairs/renovations/ and evictions will give you a decent net profit...live there for free take the net profit with your work income and save for your next one, house hack as many times as you can deal with it, so you can take advantage of the low money down payment. Good luck!
Great content as always. So if I was to get my brother to take out a loan for 3.5% and I pay him 4.5%, is there a contract written up that makes that interest a write off? Or is it just a wash?
Where can I find info or details about the event on Feb 23rd?
Hi Ken - you can find more info here: real-estate-rat-pack.teachable.com/p/private-deals-and-creative-financing-a-mastermind/?preview=logged_out
If you use coupon code: Matt you'll save a bit on the cost 😉
For any lurkers that want more info here's a quick sales synopsis:
Day 1:
What you get/do: ·
Blank Private Purchase and Sale Agreement
(Valued at $299)·
Q&A Session with Lawyer where you’ll learn
best practices and common pitfalls buyers make when purchasing privately! (1
Hour with a Lawyer would cost Min $200)·
Opportunity to write up a private offer and have it reviewed by a trained professional (Consulting Valued at $300)·
Access to Real Estate Blueprint to Wholesale and
Private Deals course (Valued at $497)·
Our Top Ten Appendix A Clauses (Valued at $199)
Included in this course is:o
Cash Back on Closing Clauseo
Assignment Clauseo
Tiered Deposit Clauseo
Back Up Offer Clause·
Spend the Day and Evening at Win Win Mansion
networking with some of South Western Ontario’s premiere real estate investors
(Value - priceless)·
Access to all videos shot during this mastermind
(Will sell for $499)
Total Value of Package over $1,994 but if you come to our 1 Day
workshop you can have all of the above for ONLY $800
Ken Brunet it’s going to be a blast !
Hope to see you there Ken!
What is the exact location? Its not showing
🙂🙂
I love videos on advice for young investors! who else agrees?
Thanks for watching!
Thank you again for your time and attention! I know we love the advice and sharing it :D
My first TH-cam comment! Cant say Id disregard "Uncle Gs" rules and advice. Kasey seems like the real deal and I like the fact that he is zero fluff and all business. There is no rock star persona but strictly how to make money and how to do it efficiently. The authenticity and insight is something I greatly admire as a future real estate investor. Thank you for bringing some amazing content and inspiration.
Thanks Jake - what market do you plan to invest in?
@@CanadianRealEstateChannel Currently a realtor in NYC so unfortunately Im sitting on the sidelines and saving here until I can save for a BRRR (and house hack) here or explore other markets that are not in my backyard. Any ideas on how to explore other markets ? New York offers a ton of opportunity but for real estate investing starting means a ton of capital or a great deal.
I hear ya. I think networking is a great way to expand your investing horizons. Bigger Pockets (and now I also stole this saying) always says that within 4 hours drive of almost anywhere in north america is a real estate market that makes money
Thanks Jake for your time and attention, and for leaving a great comment. Cheers! @adamjdmartin
Bought my first Duplex, a house hack in October. I am working on a seller financed deal now. I am sold on doubling down and scaling. Adam, you got this! Also, Kasey is the man.
Thanks for the kind words - and congrats on duplex and already working on your next deal! That’s EPIC!
That's great to hear! I love this. Keep crushing it. @adamjdmartin
Uncle K back at it again.
It’s awesome how candid these videos with Kasey are.
Thanks Jeremy!
Uncle K haha, awesome.
Thanks Jeremy!
Kasey, the real life "Rich Dad"!
And the Millionaire Next Door too
@@CanadianRealEstateChannel how much is Kasey worth? I'd guess $5 to $10 million net?
Haha actually though
Adam JD Martin Hey Adam! I’m getting into real estate investing myself, my neighbour and his kids are investors themselves and my dad is good friends with them and we are always talking together. I just had a question for you, what job did you have before you went all into real estate investing?
Once again Kasey shows us the genius in simplicity. I love the way these two worlds collided in the video. Would be interesting to have Kasey be a part of Adams journey over the next 5 years....
Kasey is a national treasure
Haha - 100% Agree - I'm hoping to build a network of like minded investors and show case all their stories from across north america - if there are any lurkers reading this comment and you have a portfolio of real estate and are willing to be as open and sharing as Kasey - email me at matt.fieh@gmail.com
Honestly. Kasey is King. @adamjdmartin
Is he better than Jesus?
Kasey is an extremely valuable asset to this channel, please thank him for his insight.
This guy is a wealth of information
100% Agree!
I absolutely love it. Every time we get to spend time with him we leave with more info!
Too much value
i need to start commenting!!!!! and drown out all the negative comments! I think Adam should replicate what he's doing. Buy the block! I had a conversation with him last spring and he gave me some amazing advice and now im closing on my first property and the numbers are insane!!! I plan to repeat the process. I'll invite you guys up once i own the block (which i definitely will) lol.
wow excellent would love to talk to you. i want to get that first property bad im looking for cashflow in a multi unit at least 5.
I see Kasey I automatically like the video. Amazing man and very inspirational. Could you record a video with him explaining the eviction process in very great detail, I think the eviction process sounds super scary but he has a way of making things seem simple. What about if the renter damages the property while you are try to get them evicted and how long does it take, etc.
Great suggestion! Next time we meetup we'll try to get Kasey to dive deep into the process!
Agreed, would love this!
Thanks for the feedback Jefferson! @adamjdmartin
Kasey Wong and Matt McKeever have such a wealth of knowledge and you've brought a lot of unknowns to the Canadian market and how it works.
Thanks for the support!
Thanks again for your time and attention. @adamjdmartin
Being a young investor and having such a great network is really amazing. Not only are you young to build further connections but you're getting advice from guys like casey. Really happy for you adam.
Thanks Don! I've been so fortunate to have this network accept me and give me so much of their time. It's an asset that can never be devalued. Cheers @adamjdmartin
Kasey is awesome! Thank you so much for sharing all of your hard earned knowledge.
Thanks for the support!
Thanks for your time and attention Grant!
Honestly, Kasey should start his own TH-cam channel!
Kasey Wong is my LL in Kitchener. He's pretty cool.
Also live your life. Don’t rush to the future.
Great point! Thanks for watching!
Thank you for your feedback :) Nothing could be more true.
This video has me hyped for getting my first property! I wonder what age that will happen at for me. Matt what's your guess?
We need to get you down to the mansion for a day and really workshop your situation and create a financial plan to make sure we get you one as soon as possible
@@CanadianRealEstateChannel Very true!
Absolutely. Come down and let us grill you on your goals xD
Radies Rajakulam - Investing & Real Estate Hey brother, same here! It’s me Mahid from Instagram Anas’s neighbour haha
As always, Thanks for the knowledge. Keep going Matt, these investor videos are amazing!
Thanks Don!
Very good advice! Gotta love the long term mindset Kasey has.
I Love listening to Kasey! Quality advice from a big time real estate expert.
💯 Talking to Kasey gets me so pumped up!
Thanks for tuning in! We really do appreciate your time and attention. Cheers @adamjdmartin
one of the best authentic video’s out there. this is real stuff! i can feel the excitement in the air!
Kasey is Real Coach. Thanks Matt for this series
Casey is best hidden secret on the internet!
Agree - feel free to correct that by sharing these videos on social media!
We think so too! Thanks for watching! @adamjdmartin
Kasey... Kasey...Kasey...
Are you not entertained?
Are you not entertained?
Kasey...Kasey....Kasey
(Crowd rises and applauds, Kasey, The Maximixer of Value, Destroyer of all things inefficient, Wong.
lol Props on the Gladiator reference!
Hahahahaha
Haha yes!
What's a cash back on mortgage ? Also what's realestate wholeselling ?
Cash back on closing - is when the seller credits you for work that is not complete.
Wholesaling is a type of real estate investing/sourcing private deals
you can find more info here: real-estate-rat-pack.teachable.com/p/private-deals-and-creative-financing-a-mastermind/?preview=logged_out
If you use coupon code: Matt you'll save a bit on the cost 😉
Kasey needs his own channel. :)
This guy is pure fucking gold! Thanks again guys for your insight and transparency in the ins and outs.
Another great video from Kasey!
Thanks for watching Amol! @adamjdmartin
Loves these videos man! Very inspirational stuff!
Thanks for the support!
Thanks for watching Matheus! @adamjdmartin
524 views, 54 "likes" - this is one supportive audience! Thanks as always to Kasey and Matt for killer content.
Thanks Kellan!
People love Kasey - so Kasey is what I give them!
WE still need to get you on the channel documenting some of your portfolio and deals!
:D
@@CanadianRealEstateChannel I'm still down haha, just gotta find a day. I'll DM you :)
Hey Matt
Listened to this video on my way in to work. It was amazing to hear a 24 year old Adam planning to scale his portfolio. In just two years now he is a beast. It definitely opened my eyes to what I really want and what path to take. Video was crazy one of my favourite so far
Awesome video as always!
Thanks for your time and attention G. We always appreciate it. Cheers @adamjdmartin
I think multi family is where it’s at. One mortgage, one property tax, one location etc. I own a duplex and the biggest mistake I’ve learned was trying to pay it off instead of using the money to reinvest in more housing properties. Where do you guys think the best location for multi families is going to be in the near future?
and one roof haha. I love the look of Southwestern Ontario.
Can you define over leveraged? What does that mean when looking at numbers on paper? Or is there a guideline?
I don't think there's a golden number or ratio- it will largely depend on your risk appetite, skill level, and access to funds.
@@AdamJDMartin and your near future acquisition plans for more properties! Over leveraging can eat the cashflow income you need to build for the next investment or if you're JV'ing, it over leveraging the property may make the deal unattractive to your partners....
Maybe think of it this way, depending on you goals, if you leveraged a property to a point where the income no longer covers the expenses whould you be okay with paying out of pocket every month to hold that asset?
Nick DelConte I’ve got 3 properties. All make me a profit of a couple $100. I’d like a fourth but am concerned of the term “over leveraged”. Also outside of mortgages I carry $0 debt
great advice Kasey! thank you :)
Thanks for commenting!
Thanks for tuning in! Cheers @adamjdmartin
Thanks for uploading this. Loving these Kasey videos! I'm in a similar place as Adam... 2 properties in London ON.. 26 years old. This is so valuable! THANK YOU
Thanks for the support!
Hey that's awesome! I don't think we've had the opportunity to meet yet. Send me a DM on Instagram @adamjdmartin
Hey Adam, the second property that you were talking about...is that with John on the Windsor properties? How is that working for you?
Great stuff guys!
jason bourne great tips from Kasey !
Thanks for watching Bourne! @adamjdmartin
Love this vid! Great advice! Thanks Matt, Kasey and Adam!
Just wanted to say fantastic work Kasey! Very inspiring, I am aiming to be where you are someday.
I love the idea of picking up properties on 'your street' thank you for this!
These videos are awesome 👍🙏.
How do you qualify for mortgages if you have quit your job? Don't you need the income to get the bank to loan you the money? At what point can you quit and still qualify?
You'll need private funding then. To get a loan from a bank, yes you'll need income.
Adam focuses alot on getting vendor take back mortgages (where the seller essentially hold the mortgage vs a bank)
@@CanadianRealEstateChannel ahhhhhh ok thanks!!
You do not need an income in UK for many buy-let mortgages as long as you already own one buy to let property for at least 6 months to 1 year and can show been a successful landlord. They base the lending on the income the property will produce. Surely Canada must have similar mortgages
If you want mortgages got to be debt free you got to be. I can’t even get a third mortgage with 32k debt holding onto two houses worth 750k if I sold them both today.
how does getting investors work? like whats the logistics and benefits behind someone investing with someone like kasey? does he give his investors a monthly pay check based on how much they invest? how do they get returns?
Kasey works with accredited investors only, a type of investor that most use when they grow to Kasey's level (they have certain income and net worth requirements as well as liquidity). How any real estate investor attracts money partners or investors is through networking and hard work, plus results.
There are a few different ways people tend to invest using other people's money (OPM). One way is to partner with an investor by making them the active partner (they typically bring the skills, building, and management, you bring the money), or by simply lending them money at an interest rate (typically paid back with either interest only or blended payments over a predetermined amount of time). Both options are great because they allow you to make a spread on the real estate game without having to necessarily have the skills to do it yourself (you're now making money while you sleep).
Adam Martin
Do you know the numbers behind the interest rates? What’s the reason to be with kasey over a mutual fund? What kinda numbers are normal for the interest rate?
this is just brilliant, mindset and ideas are fire!
What exactly is Vendor Take Back? I keep finding definitions that sound like they give you a portion of what you would need to put for a downpayment on a loan with a bank, but when adam mentioned his VTB terms of 96% loan with 3% interest, sounds more like owner financing?
Vendor Take Back simply means the owner finances a part (or all) of the purchase of a property.
Typically it's for a first or second mortgage (if you research these, it may help provide perspective).
If it's a first mortgage (there normally is no other other debt on the property), if it' a second mortgage it's more like they're 'helping' you with the down payment.
@@CanadianRealEstateChannel Thanks I think I see. So as a first mortgage, it sounds like it is used interchangeably with Seller/Owner financing where the property would have to be free and clear for them to act as the bank, but it has a dual meaning in that if used as a second mortgage, the seller will now act as sort of like an equity partner or PML?
@@andyl965 You're on the right track here, although i'd hate to think of them as an equity partner, much more of a creditor that has an interest in the property should you default.
You should ask him how does he justify how much he pays his investors. Is their a certain percentage he goes by every time. And also how does he pay them when he had multiple investors at a time who gets paid first and how much. Also does he use his own credit or he uses his investor credit and should you be using ur own credit why or why not.
Great question! Will discuss next time we see him!
Thanks for the questions Carlos!
How did Adam get his first property without a job and from this video he got a VTB for his second mortgage.
Is he planning on getting his third through VTB as well while having 20-60k capital reserve buffer?
I got a large VTB in first position (there's no bank involved; the seller had 100% equity in the property). My next properties will be done with partners as I build up my income and capital.
@@AdamJDMartin Thank you so much for the reply, much appreciated. Respect to you guys for being so interested in real estate!
I should touch on this topic more at my youtube channel it's definitely needed. Keep it up Matt love these vids!
Thanks for the time and attention Karam! Cheers @adamjdmartin
Matt! Awesome meeting you at 10X! Keep up the great vids!
Thanks! Great meeting you too
Thanks for tuning in and taking action #10xFamily. For a closer look at our daily lives check out @mattmckeever85 @jeffwybo @hungarianexperiment @adamjdmartin
THIS WAS AMAZING THANK YOU GUYS FOR ALL THIS CONTENT!!!
Thanks for the support!
KASEY! KASEY! KASEY!
#KASEYFEVER
Hahahahaha- thanks for watching & commenting!
Sorry I unfortunately didn’t understand what he meant during 17:20 did I mishear the world evict ?I though I heard N4
If someone could explain this to me it would be much appreciated
do those investors giving you money to fund your buys expect dividend or expect a certain amount of return on their money? (yearly or quarterly?)
Great video this was so helpful answered many of my questions
Thanks for the support! It means a lot
Wish I could hear Kasey speak more in this video
Get the operating agreement from Cardone Capital and the Funds and reverse engineer them. That's where the real genius of Uncle G is...his investing scheme. If you deliver and build trust with investors your only problema will be finding "enough" deals.
Great perspective! Thanks for sharing!
Haha that's the plan #10x. Cheers @adamjdmartin
Thanks for the information!
N4 process is definitely something I will probably incorporate, but hopefully I will not need to if you know what I mean.
Better to have a plan.
Adam said something about printing a document if someone doesn't pay. Please what is the document?
"Buy every house on the block" "You know what, thats a totally reasonable approach". Real estate investing is easy! lol...
Kasey is a beast
Any tips for buying real estate with other partners. Like how can I find Investors and partner up on a property?
Networking - start going out to all your local REI meetups and get to really learn your market - it's so important to build up your network and it's something that far too many new investors neglect (in my opinion)
What he said.
any chance on seeing a breakdown how kasey analyzes his properties before buying ?
Great Video
Amazing content as always 💯another awesome video with kasey filled with Valuable info THANKS MATT🖤
Really appreciate the support and kind comments!
Thanks again for your time and attention! @adamjdmartin
Kasey Wong is the man love content
Hi Matt.
Very nice videos.
I am a Home renovator tired to do flips for somebody else for over 10 years in Halton & Peel region in Ontario. One of the highest prices markets in all over Canada, for years I want to take the next steps to do flips on my own and become a real estate investor but for several reasons I lack the funds to start up. Most of testimonies about how this investors became successful in flipping properties are missing the most interesting part: How come after they been jobless, penniless, in their early beginnings , jumped to real estate investors? Who funded them, where did they got the capital to start Up, specially when the banks said no to them.
Thank you for your answer,
Manny
Thank you Matt,Kasey and Adam! Amazing advice,I wish I had access to this kind of networking at 24. Adam, you are set up for success just by surrounding yourself with self taught experts.Please keep the videos coming,I have been a landlord for years and am still getting great information from you. Many thanks for the time you spend producing the videos Matt
Excellent advice !!!
💯
Thanks for the video. Good to see the hustle, keep on buying.
Thanks for the support!
Kasey is the man
Just out of curiosity. How was Adam able to get that much capital to invest? Was it mainly from refinancing his properties or through wholesaling? Or just money partners?
how profitable is the Air Bnb strategy?
first time seeing the channel, good info. These high Canadians are great.
hey, just a tip, with the way the room is set up, it's hard to hear and understand sometimes. it has that room echo. maybe for videos like such, find a bigger open area for these convos? other than that, KEEP KILLIN IT. love the knowledge.thank you so much!!!!
another great video tons of value! how was the 10 x growth con?
We really enjoyed it - at times it can be a bit of a pitch fest - but for the cost - it was one of the best entrepreneur/real estate conferences I'd been to. 35K people is what Uncle G claimed (even if attendance was only half that - it's still a massive feat and really inspiring for myself as we host conferences in Canada - on a much small scale though)
Thanks for the support!
It was EPIC @adamjdmartin
Tell KC to continue in Airbnb but not in same block. Diversify in another sweet spot in the city.
Hi, Matt i have been watching your videos for a few month now and we are about to start investing in real estate. I have a question, when it comes to getting partners to buy properties, what would be the best way to get everything in papers, a corporation or what is you experience with that? I have read some books that recommend LLC but those are book based on USA market.
Awesome advice
Thanks for watching!
man, I don't have enough to invest, still in school . But I love learning about the bigger game.
You're doing the right thing - getting the knowledge now! So that once you find the right deal and/or save up capital you'll be able to execute on it!
Thanks Robert. Keep your head down, learn and network from those who are already doing what you want to do!
Heard mix feedback on Uncle G's 10x Growth con... but I wish I went if anything to meet a lot of people who gravitate around RE on YT
I know we got a lot of value - while I may not love all of Uncle G's business practices - it doesn't mean there isn't a ton I can learn from him. He also had other fantastic speakers - some of my favourite were Tai Lopez (surprised how much I liked his talk) Ryan Deiss (already a big fanboy of his) and Pete Vargas - who I'd never really heard of before.
Absolutely. It's all about the networking and quality people that attend events like that. @adamjdmartin
Because of the echo I couldn't quite understand, what phrase is he using at 17:20? I'm sure he's talking about serving an eviction notice but I'm not a hundred percent.
Keep it up guys, Great video!
I live in Toronto and would love to learn about this I’ve been researching this a bit I live in Toronto.
Solid video gents! Thanks 🙏
Is there an equivalent N4 form in the states that you know about? I can't seem to find one.
Thank you for everything you are doing
I'd like to mind meld with Kasey!
Hey Matt have you ever considered invested outside of London? I know Grant Cardone says you need to expand outside your area to expand your business. Thoughts?
Feeling motivated!
Kasey always pumps me up to invest and find more deals!
BOOM love inspiring! Thanks for watching Nick. @adamjdmartin
When is Kasey getting his channel?!
Queston for AdamJD. Quitting your job doesnt make alot of sense when banks would be looking at income, debt to income, and a fallback if something happened. Or did I miss something that you already had cash for investing before you quit? Just curious. Thanks! Have a safe trip back home.
Hey Gamer,
thanks for the thoughtful question. While I have quit my office job, I do still have income from my corporation (property management, Airbnb revenue, and rental income) as well as salary for business development and sourcing private deals for our investors and Matt.
Quitting my job I figure actually put me about 1-2 years ahead in the timeline of getting my first property and most likely MANY years ahead in strategy and skill development. This is due to the fact that I immediately surrounded myself with the most successful investors and put myself in the center of their network by working with Matt and Jeff on TH-cam and the countless meetups they've hosted for REIs.
Cheers,
@adamjdmartin
@@AdamJDMartin Cool, was just curious. Thanks for responding!
Appreciate this advice!!!
Thanks for watching and commenting!
25 year old teacher here. My dad gifted me 1.35 acres of residential land valued $25k (by the City appraisal district) when I graduated college. I want to get into real estate and rentals but I don’t know how to start. Should I sell the land and put a down payment on a multi family? Or should I save for an FHA loan (3.5%), house hack and save my land? What would you guys do?
Tommy Mccoy sell it, and house hack a multifamily property. Try to buy a quad. Make sure that the rents after you pay your mortgage and set aside “x” percentage for repairs/renovations/ and evictions will give you a decent net profit...live there for free take the net profit with your work income and save for your next one, house hack as many times as you can deal with it, so you can take advantage of the low money down payment. Good luck!
Im American and young, where do I learn the numbers of real estate??
Great content as always. So if I was to get my brother to take out a loan for 3.5% and I pay him 4.5%, is there a contract written up that makes that interest a write off? Or is it just a wash?
great work
Thanks!
Yall got lucky finding this guy. He is a real investor vs most get rich quick guys who will end up blowing up other peoples money.
Wow, 19 to the comment section. This guy needs to come to Orec!!!
We’re working on it! 😉
Noel Bissoondial hopefully!!!
Haha we're definitely trying.